----- Forwarded by Mark Taylor/HOU/ECT on 06/20/2000 08:03 PM -----

	Edmund Cooper
	06/20/2000 02:19 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Enron-MG Transaction

Herewith as discussed.  Edmund

---------------------- Forwarded by Edmund Cooper/LON/ECT on 06/20/2000 08:09
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Lee, Ursula" <ursula.lee@linklaters.com>
06/20/2000 09:11 AM

To: "'justin.boyd@enron.com'" <justin.boyd@enron.com>,
"'edmund.cooper@enron.com'" <edmund.cooper@enron.com>
cc: "Pilley, Heather" <heather.pilley@linklaters.com>

Subject: Enron-MG Transaction

Justin, Edmund
Attached is the Agreement for the back-to back transactions and agency
services to be provided by MG.  Please call either Heather or me if you have
any queries.  Heather's direct line is 020 7456 4484 and my direct line is
020 7456 3757.
Kind regards
Ursula
 <<000619_HAP_Enron_Agreement.doc>>

____________________________________________________________

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.
____________________________________________________________

 - 000619_HAP_Enron_Agreement.doc


----- Forwarded by Becky Spencer/HOU/ECT on 04/25/2001 07:44 AM -----

	PERRODIN Maud <MPERRODIN@CPR.FR>
	04/25/2001 04:03 AM

		 To: "'Becky.Spencer@enron.com'" <Becky.Spencer@enron.com>
		 cc:
		 Subject: RE: Document you sent to Enron

Becky,
As regards the ISDA agreement I sent to Brent Hendry, the name of the trader
in charge of the transaction at Enron is Steven Vu.
We look forward to receiving your comments on this agreement, together with
the draft confirmation of the transaction at your earliest convenience.
Kind regards.
Maud PERRODIN
Legal Adviser
Tel : + 33 1 45 96 20 19
Fax : + 33 1 45 96 25 40
-----Message d'origine-----
De : Becky.Spencer@enron.com [mailto:Becky.Spencer@enron.com]
Envoy, : mardi 24 avril 2001 18:51
? : mperrodin@cpr.fr
Objet : Document you sent to Enron

Hello, Maud!
My name is Becky Spencer and I work for Brent Hendry.  In answer to your
question of this morning, yes, Brent did receive the document you sent to
him on April 12th.  Could you please let us know the name of the contact
person here at Enron to whom you have been speaking so we can better
coordinate our discussions with you?
Thank you!  We look forward to doing business with you.
Becky Spencer
Enron North America Corp.
1400 Smith Street 38th Floor
Houston TX  77002
713-853-7599 Office
713-646-3490 Fax
My e-mail address:  becky.spencer@enron.com
Brent Hendry's e-mail address:  brent.hendry@enron.com


These are useful updates.  Please include Whalley, Lavorato, Parquet,
Dietrich, Delainey, Kitchens, Haedicke, Sanders, Kirby, Sharp, Leff, Calger,
Belden etc on future updates.  Thanks

From: Jeff Dasovich on 07/18/2001 08:18 PM
Sent by: Jeff Dasovich

To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Susan J
Mara/NA/Enron@ENRON, Harry Kingerski/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Susan M
Landwehr/Enron@EnronXGate, mpalmer@enron.com, Karen Denne/Enron@EnronXGate,
Janel Guerrero/Enron@EnronXGate, Paul Kaufman/Enron@EnronXGate

cc:

Subject: California Update 07.18.01

The Senate, the Assembly and the Governor are either poised to engage in very
difficult negotiations, or the three are about to crash and burn and Edison's
going to be left dangling.

In the Senate:
The Senate bill 78XX is with about 90% likelihood going to be voted out of
the Senate tonight---without a vote having taking place in any committee.
Burton announced during one of the two "informational" hearings that "this is
it," despite the view of just about everyone who appeared before the
committees the bill likely won't prevent Edison from going bankrupt.
The key features of the bill are:
Banks and QFs get paid in full.
Edison shareholders would be responsible for debts owed to suppliers
No direct access.
There are conflicting reports about whether the Senate will take up the bill
tomorrow de-linking the bonds from the DWR contracts and whether the
Republicans will go along with it.

In the Assembly:
The Committee is hearing the Wright and Hertzberg bills as we speak, with
Hertzberg's the likely winner.
That bill now provides for Direct Access under certain conditions (the
amendments describing the conditions were faxed today).
We're attempting to get the "July 12" date changed to "the effective date of
the bill" or later.
The Assembly likely won't vote the Hertzberg bill out until tomorrow at the
earliest.

The Problem:
The Assembly and Senate bills are diametrically opposed in the way each
approaches the problem---in short, the bills are two ships passing in the
night.
The Democratic leaders (Governor, Hertzberg, Burton) aren't talking, and
Burton hasn't expressed any interest in talking---to anybody.

The likely outcome given the circumstances:
Burton says he's done what he needs to do (i.e., passed out a "fair" bill);
the Assembly and Senate can't agree; they finish the budget; time runs out;
they leave Friday; and Edison's left twisting.

That said, there's still a chance that the Governor could call Burton and sit
down with Burton and Hertzberg and work something out by Friday, or begin
talking and postpone the recess until they get it worked out.  But given
Burton, the chance of that happening seems very slim.

In short, little has changed since yesterday.

Best,
Jeff


Ken,

I  enjoyed visiting with you last night re MD Anderson children's project.
Please put my name on the distribution list of activities,  and or contact me
by phone as listed below.

Thanks!

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


Hello Everyone,

Just wanted to inform you that I am leaving EnronOnline Operations as of June
1st, 2000.  Please take my name off of your email distribution lists
effective immediately.  Stephanie Sever will be taking over my
responsibilities and handling all relevant issues.  I have enjoyed working
with you all.

Thank you,

Lisa Gillette


Jeff;
Per our phone conversation, please find attached the pricing sheet.

Ronnie Chahal
713.853.3400


I have not started responding for Australia yet.


ELECTRIC / HYDRO REPORT

New York State Reliability Council, ER00-1671-000 -- [2/22/00]  Revisions to
the Installed Capacity Requirement for the New York Control Area for the
Capability Year beginning on May 1, 2000 and ending April 30, 2001.

North American Electric Reliability Council, ER00-1666-000 -- [2/22/00]
Revision of NERC's Transmission Loading Relief Procedures.

The United Illuminating Company, EC00-58-000 -- [2/24/00]  Application for
authority to implement UI's proposed holding company structure and the
resulting disposition of facilities pursuant to the corporate reorganization.

NATURAL GAS / OIL Report:

Petal Gas Storage, L.L.C., CP00-59-001 -- [2/18/00]  Amended application to
eliminate the transportation facilities and associated environmental review
considerations associated with Petal's December 28 application by seeking
authority to construct storage-related facilities on, and adjacent to, the
Petal salt dome storage plant and to expand Petal's current interconnection
with Tennessee Gas Pipeline Company's 500 line.

National Fuel Gas Supply Corporation, CP00-91-000 -- [2/22/00]  Application
for authorization to replace National Fuel's Lines S-1 and AM-60; for the
abandonment in place of Line L; and the relocation, modification or
abandonment of certain appurtenant stations in Warren, McKean and Elk
Counties, Pennsylvania.  National Fuel also seeks to add approximately 360 hp
of compression at its Roystone Compression Station in Warren County.
National Fuel states that the proposed facilities would enable the provision
of additional firm transportation service to its affiliated local
distribution company, National Fuel Gas Distribution Corporation.

CNG Transmission Corporation, CP00-92-000 -- [2/22/00]  Application for
necessary authorizations to allow CNG to plug and abandon Bridgeport Storage
Well 9081 and associated facilities, and drill up to five new replacement
storage wells, necessitated by the proposed construction of the Bridgeport
Bypass project by the West Virginia Department of Transportation.

Honeoye Storage Corporation, CP00-93-000, CP00-94-000, CP00-95-000 --
[2/22/00]  Applications for abandonment of service to Providence Gas Company;
certificate authority to expand Honeoye's storage facilities in Ontario
County, NY; and blanket certificate authority to offer open access service at
market based rates.

Kinder Morgan Interstate Gas Transmission, GT00-19-000 -- [2/25/00]  Revision
to entire FERC Gas Tariff to reflect a name change from K N Interstate Gas
Transmission Co. to Kinder Morgan Interstate Gas Transmission.

[To request a copy of any of the above listed  filings, please call
202-255-4771 or toll-free, 1-800-664-8477; or e-mail rgadsden@grsenergy.com]

-------------------------------------------------------------------------
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The GRS EGO Alert (electric, gas, oil) e-mail notification is a free courtesy
service of Gadsden Research Services, Inc., Washington's regulatory research
specialists.  Periodically (generally once or twice weekly), GRS will
broadcast the EGO Alert with descriptions of major FERC issuances or filings
such as rulemakings, policy statements, mergers, new rate filings, major rate
changes, and certificate filings.

GRS can provide hardcopies of any of the above listed items at nominal
charges; for document requests or estimates of charges, please reply to
rgadsden@grsenergy.com or call 202.255.4771 (toll free, 1.800.664.8477).

For a mailed copy of the GRS brochure of services and rates for FERC, SEC,
DOE and other federal agency research,please e-mail your street address to
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The EGO Alert subscription list is used for the sole purpose of providing
information on FERC and energy industry activity and will not be sold or
otherwise distributed to any other business or organization.  For additions
or removal from the EGO Alert notification list, please reply to
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Send suggestions on how the EGO Alert can better serve the energy community
to EGOalert@grsenergy.com.
 - att1.htm


The World Trade Center Facilities Superintendent has informed us that PGE
Underground has a main transformer with a bad network protector and is off
line.  Power needs to be off to replace this network protector.  While this
situation is inconvenient, it is an excellent opportuity to put our power
backup systems to a test under optimimal circumstances, e.g., on a Sunday.
Listed below is information about the outage.  Please review since it may
require some action on your part.

PGE must turn off its main power supply to the building from 6 - 7 a.m. and
then again from 3 - 4 p.m.
The building has a backup generator that will kick in five minutes after the
main power supply shuts off.
Enron has a UPS that will provide us with five minutes worth of power.
If everything goes well, there should be no impact.
If there are problems with the backup generator or UPS, we could experience a
power outage.
We should not experience a loss of phone service even in the unlikely event
of a power outage.
It would be prudent to take precautions if you have any systems that may be
impacted by a power outage.  You may want to log off your computer and turn
it off on Friday before you leave the office.

Someone from our local IT group will be here on Sunday in case any problems
arise.  Please contact Dave Steiner if you have any questions or concerns.


Kal came up with a couple of suggestions:

	"TraderKey"
	"QuotesKey"

	- Consistent with other UBS products (like Swisskey)
	- Few syllables
	- Doesn't use the UBS name, so shouldn't be as sensitive to the name police
	- Is generic enough to survive UBS name changes or other companies posting products on the site in the future.
	- Are available as a URL

I especially like "Traderkey", which has positive connotations and provides potential for some interesting marketing campaigns.

Dave


Start Date: 3/8/01; HourAhead hour: 16;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030816.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_WATER
  ENGY_TYPE: FIRM


Start Date: 1/2/02; HourAhead hour: 1;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010201.txt
!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS4'.
Table
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: ENRJ_CISO_3001
  ENGY_TYPE: FIRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: ENRJ_CISO_7000
  ENGY_TYPE: FIRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: ENRJ_CISO_8000
  ENGY_TYPE: FIRM

---- Load Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  SC_ID: ENRJ
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  SC_ID: ENRJ
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  SC_ID: ENRJ
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  SC_ID: ENRJ
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 1/2/02
  SC_ID: ENRJ


Hunter,

Here is Portland's weekly fundamental presentation.  It might give you some good ideas.  How was ECON 5100?

Phillip

 -----Original Message-----
From: 	Heizenrader, Tim
Sent:	Tuesday, July 17, 2001 12:28 PM
To:	Lavorato, John; Allen, Phillip K.; Zufferli, John
Cc:	Belden, Tim; Swerzbin, Mike; Richey, Cooper
Subject:	Western Strategy Session

Charts for today's briefing are attached:


Sara,
I am forwarding copies of the original Assignment and Assumption letters to you.
Sheila

 -----Original Message-----
From: 	Glover, Sheila
Sent:	Monday, October 01, 2001 1:08 PM
To:	Shackleton, Sara; Lowry, Donna
Cc:	Hickerson, Gary; Farhangnia, Farzad; Heard, Marie; Brogan, Theresa T.
Subject:	FW: SEC 13F Reporting for ENA
Sensitivity:	Confidential

Sara and Donna,
Gary has agreed that the Convertible Arbitrage Book should be transferred back to ECT Investments Inc. The Convertible Arbitrage Book was moved from ECT Investments, Inc. to Enron North America Corp., effective 1QTR2001.

We will need to get this done before year-end.  The Convertible Book will need to be reported at year-end for SEC 13F reporting.  We want it included in ECT Investments' 13f  rather than do a ENA filing.

Theresa is calling GS and MSDW to see what they will require.

Sheila

 -----Original Message-----
From: 	Glover, Sheila
Sent:	Tuesday, September 25, 2001 9:12 AM
To:	Hickerson, Gary
Subject:	FW: SEC 13F Reporting for ENA

Gary,

Have you had a chance to think about this?

Farzad says it does not matter to him whether he trades as ENA, ECT Investments or XXX.

One important thing I just thought about is that I do not think we would want the Convertible Arbitrage Book Trading in London as Enron North America Corp.  Whether we are trading from London or Houston, our counterparties will be the same on Convertible Arbitrage Trading though the %s may change.  We use the Agent, Enron Investment Services Limited in London, to trade on behalf of ECT Investments, Inc.

Thanks,
Sheila

 -----Original Message-----
From: 	Glover, Sheila
Sent:	Tuesday, September 18, 2001 3:00 PM
To:	Hickerson, Gary
Subject:	SEC 13F Reporting for ENA

Gary,

How strongly do you feel about not having the Convertible Arbitrage Book in ECT Investments?

We could move the Convertible Arbitrage Book back into ECT Investments before year-end.  Otherwise, we will need to do SEC 13f reporting for ENA.

My concern would be:
Enron may not want to disclose certain positions in the Merchant Portfolio which are in the name of ENA.  We would need to include in the reporting all ENA Longs, long puts and long calls  >$200,000.  I am not sure how much we actually have in the name of Enron North America.
Does Enron want to do a SEC 13F with the Enron North America name and address?

If we move to a totally separate entity, we will need to set up new Prime Broker (2)  and Executing Broker Agreements (27)  for the new entity.

The return on capital can continue to be calculated based upon selected books.

Thanks. Sheila


Please see attached progress report regarding audit of Frankfurt office. I
have provided comments and suggested improvements concerning your
observations.

An update on the areas of improvement will be provide at the beginning of
next week.
Please let me know if you need any more information/input.

Kind regards
Annette Schneider
x37517

Donna Lowry
01/06/2000 15:59
Sent by: Michael Neves
To: Gregor Baumerich/LON/ECT@ECT
cc: Richard Lauer/HOU/ECT@ECT, Donna Lowry/HOU/ECT@ECT, Sally
Beck/HOU/ECT@ECT, Rick L Carson/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, John
Sorrells/AA/Corp/Enron@ENRON

Subject: "Project DoorStep" 30-DAY REMINDER

30 days remain prior to the target date specified in an open audit
observation.  Please click on the document link below, review the observation
/ action step(s) / responsible person(s), and provide completion /  progress
report, updates, and revised target date, if any.  NOTE:  EACH E-MAIL
REPRESENTS A SEPARATE AUDIT OBSERVATION.

Click on this link to view document -->


Attached is the bilateral CA form for Universal Mark and I discussed.


Hi Folks,
?
As we always do, here are a few stories from Bob  Harris and the TFL Report.?
Great stuff as always.
?
Enjoy.
?
Joe
?
JANIKOWSKI? WHEATLEY? ASK ANYBODY  BUT GRUDEN...
[IMAGE]
?Written By TFL Report Editor Bob Harris

 - 0.gif


I'm sorry, I have been on vacation and unaccessible via email.  In what form
do you need the feedback?

Connie

Sent by: Kimberly Brown@ECT
To: Scott Neal/HOU/ECT@ECT
cc:  (bcc: Connie F Estrems/NA/Enron)

Subject: Associate PRC

Scott Neal will be represting an associate in your group.  Please forward
feedback to him no later than July 7.

Many Thanks

If you have more than one associate please contact Kimberly Brown x35193.


Cheryl just called from New York.  She is flying back today and may be in the
office later today.

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


What are you doing sending me this crap!  I want some dirty jokes!  I want
some stories of wild, drunken nights, not this stuff.  We are getting into
NYC on late on Friday night.  I am picking up my number early on Saturday
morning.  Would you be interested in going to dinner with a group of us to
Tony Dinapoli's on upper east side on Saturday night?  Were getting there at
approx. 7:30pm.  Give me a call about this.  See ya
Ben


?

Hi  Folks,

I gotta say  before I get started that Monday Night Football,s &Pack" and
"Cats8 in the  scoring box was one of the more annoying moves they,ve made
this season.? &Cats8?? That,s so  lame.

Enough of that,  let's jump right into our Upgraded and Downgraded  Players.?
As we head down the home stretch, identifying those  players moving up or
down can be the difference between making the playoffs or  watching from the
sidelines.? As we  head into our 14th week of listing these players, it,s
inevitable  that some players will have made both the upgrade or downgrade
list.? Make sure you understand, what we,re  talking about is players that
are moving.?  In other words, a player like TE Chad Lewis could appear on the
downgrade  list and still be good enough to be a starter in your league.? It
just means I,m concerned about the  way he seems to be heading.?  Likewise, a
player like WR Willie Jackson may make the upgrade list even  though he,s
still fairly far down the list of WRs.? It,s all about which direction
players  are moving.? Keeping an eye on these  trends can very often make all
the difference.

Joe

?

Upgrades and  Downgrades.? Some of these  players are obvious moves up or
down and some aren't as clear.? Here's my  list of guys I see moving this
week.

QBs Moving  Up?

QB Kordell  Stewart (Pit)? Time to give props where props are  due.? Kordell
looks like a new  man.? Actually, he looks like the  old Kordell.? The GOOD
old Kordell.  Over the last three weeks, he ranks as the # 5 QB in my
Performance / TD system  based on FF points per game.? Gotta  hand it to Bill
Cowher as it took some guts to bench the starting? WRs like that but Hines
Ward has  delivered.? It,s probably not the  best thing for Jerome Bettis
owners but Stewart,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
money where my mouth was outbidding the other owners in my league  to pick
him up? last week as a free  agent.? I said last week that we,d  see how he
does with the pressure on all week.? Obviously, this is one cool kid.? If you
saw the footage of him in the  tunnel before the game he looked like he was
ready to go out and play a game of  flag football or something.? He made
some mistakes and fought back from adversity several times.? The obvious
comparison is a young  Randall Cunningham.? He,s skinny and  has a little bit
of those Cunningham crazy legs.? Plus he,s got a big arm with that whippy
motion.? But the biggest thing that  impresses me about Brooks is his poise.?
 Grab him if he,s available in your league.?

I asked my  friend Tony Pauline from the TFY Draft Preview about Brooks.?
Tony had him ranked higher than Shaun  King before the draft. Here,s what the
1999 TFY Draft Preview had for  Brooks:?

AARON BROOKS  Virginia 6'3" 210 4.71

Fifth year senior who completed 54% of his passes  throwing for 2,319 yards,
12 touchdowns and nine interceptions and carrying the  ball 83 times for 232
yards, averaging 2.8 yards per carry with five more  scores.? Led the ACC in
passing efficiency two seasons ago, throwing for  57% / 2,282 / 20 / 7.? Good
athlete who has shown great improvement in his  quarterback skills the last
season and a half.? Smooth and fluid, sets his  feet in the pocket, shows
good strength and stands his ground when being  rushed.? Has a live arm; can
thread a needle, throws ropes and his deep  passes have speed.? Effective
throwing on the run, squares his shoulders  and quickly releases the ball.
Eludes or side steps oncoming rushers, pulls the  ball down, running between
the tackles.? While he has improved his accuracy  and places his passes well,
he often overthrows receivers.? The further  down the field or out to the
flanks he must get the ball, the more his accuracy  struggles.? Must do a
better job reading and recognizing defenses, stop  staring down his primary
target and not hold the ball so long while in the  pocket.? A player who
turned himself into a good prospect with a solid  senior campaign.? Mid to
late Sixth Round.?

Thanks  Tony.? Be sure to check out Tony,s  great info at
www.TFYDraftPreview.com?

QB Kurt  Warner? (StL)?? Warner,s chomping at the bit and has been named the
starter this week relieving Trent Green.?  Keep an eye out on how he looks in
practice.? Coach Mike Martz said last week he was  concerned about Warner,s
grip strength and ability to put rotation on the  ball.? I,m thinking he,ll
be good to  go.?

QB? Donovan McNabb (Phi)? What  else can you say about this guy??  Take away
his running game??  No problem.? Give him WRs  that would? struggle to make
a  division I team? ?No problem.? He finds a way to get it done.? He looks to
me like he,s beginning to  reach the level of dominance he enjoyed at
Syracuse where he was  unstoppable.? It,s especially  impressive as teams
know what he,s going and still can,t stop him.? It should be noted that
LaVarr Arrington  was injured early and he was the designated &spy8 but
still, it was an  impressive performance against a very good Washington
defense.? I see little reason why he won,t  continue although he really needs
help at WR.?

QB Trent  Dilfer (Bal)? I said a couple of weeks ago that Dilfer  might play
the late season 1999 Tony Banks role as coach Brian Billick revives  another
struggling? QB,s  career.? Dilfer seems very  comfortable with what Billick
is asking him to do and brings a little fire and  attitude to the offense
that had been missing.? I like what they,re doing and don,t see  why it won,t
continue.? Although  don,t forget they,re off this week.

QB Brad  Johnson (Was)? Jeff George yields to the young man from  Florida
State.? His knee is  reportedly good to go and he,s been cleared by the
trainers as fit to  start.? Considering the troubles the  team endured with
George at the helm, Johnson has already been named the  starter.? He,ll be
working with a  nicked WR corps so we,ll see how he fares.?

QB Ryan Leaf  (SD)? Kordell Stewart, Trent Dilfer and Ryan  Leaf?? You gotta
be kidding me.? But after another solid outing, you  can,t deny Leaf is
making plays.?  Granted, he still throws the ugly interception(s) and he gets
hurt almost  as much as Rob Johnson but the kid could make a difference for
you if you need a  spot QB.? He,s got one of the top 3  TEs in the game with
Freddie Jones and Curtis Conway and Jeff Graham are  veterans who can make a
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,ve got
to start  handing credit to Mike Shanahan, Offensive Coordinator Gary Kubiak,
and that  offensive line. Like everyone else, I marveled at the way Olandis
Gary was able  to run last year when Terrell Davis went down.? What a great
job of scouting we all  thought.? But hey, Gary was a pretty  highly touted
back.? But Mike  Anderson???? Anderson,s a  fine back but I,ve got to believe
it,s a team deal here.? The good news is that Anderson,s team  isn,t going
anywhere without him and he looks to remain a factor while Terrell  Davis
recovers from the mystery lower leg ailment.? Watch this during the week, but
it  wouldn,t surprise me a bit to see Davis miss another game. ?And as long
as Anderson rolls up 195  rushing yards a game like he did Sunday, you won,t
see Shanahan crying over TD  being out.? Granted 80 of those  yards came on
one big run but he had a great game any way you slice  it.?

RB Jamal  Lewis (Bal)? I,ve been eating crow (Raven?) for a  while now as I
was one of those guys not convinced Jamal Lewis would excel at  this level
after a very disappointing 1999 season at Tennessee.? Lewis is running like
he did as a  Freshman and Sophomore before the knee injury and he may have
the best blend of  speed and power in the league this side of Eddie George.?
Coach Brian Billick has the Raven  offense firing on all cylinders and Lewis
remains a huge part of it.? His only down side is that he,s off this  week
with a bye.? But that week 16  matchup against Arizona is looking very
tasty(?

RB Corey  Dillon (Cin)? Considering what he does with that  surrounding cast,
I could make a strong case that Corey Dillon is the best back  in the NFL.?
There have been few  passing attacks in recent memory as impotent as the
Bengals, yet Dillon  continues to pound out the yards when defenses know
exactly what,s coming at  them.? It,s amazing to watch.? I don,t know how
long he can keep it up  but he,s got the woeful Cardinals this week and you
have to like  that.?

RB Warrick  Dunn (TB)? Dunn made the upgrade list last week in  the wake of
Mike Alstott,s knee injury and he delivered in a big way for his  owners
Sunday with 129 total yards including 2 TDs.? There was some talk about him
sharing  carries but he was the only guy besides QB Shaun King to run the
ball for Tampa  Bay.? Look for more of the same from  the Bucs and new
offensive coordinator Warren Sapp(? Seriously, Dunn showed he could handle
20 rushing attempts and I think you,ll continue to see them go with what,s
working.?

RB Michael  Pittman (Ari)? Pittman may be the lone bright spot on  the
Arizona team.? I told you last  week that coach McGinnis loves the guy and
you saw the results last night as  Pittman rambled for 77 yards on only 13
carries (5.7 ypc)? Like Corey Dillon, the surrounding team  kills his value
but if he ran for a team that held a lead, he,d be awesome.? Unfortunately, I
don,t see Arizona  turning into such a team anytime soon so don,t get too
excited.? But overall, I like the guy a  lot.?

RB Richie  Anderson (NYJ)? Each year, there are always unheralded  guys who
post nice numbers but remain well below the radar of many owners.? Many times
they are RBs who quietly post  yardage (and FF points) receiving the ball.?
Anderson is a prime example of one such  player this year (as?are Tony
Richardson and Stanley Pritchett)? He,s caught 15 passes over the last 3
games and with Curtis Martin nursing a sore gluteus maximus, that trend will
likely continue.???

RB Robert  Holcombe (StL)? It doesn,t take a rocket scientist to  see that
Marshall Faulk isn,t 100%.?  Red flags went up across the country when Mike
Martz elected to give  Holcombe that shot at the goalline Sunday.?  6 weeks
ago, that would have been Faulk,s carry all day long.? Holcombe looks to
benefit if Faulk,s  workload continues to be decreased.?

RB Brad  Hoover (Car)? Aside from having one of those cool  names the fans
can yell whenever he does something good, Hoover has shown to be  a capable
replacement for candybone Tshimanga Biakabutuka.? He doesn,t have the
physical tools of a  Biakabutuka but you can,t deny he hasn,t been
effective.? It wouldn,t surprise me a bit to see  Hoover continue to see
action.

??

WRs Moving Up

WR Marvin  Harrison (Ind)? Harrison stated before Sunday,s game  that he
needed to &get on a mission8.?  Looked like he started towards that end with
2 TD catches and he could  have had another.? Yes, you,d like  to see more
than 4 catches but I,ll take 2 TDs any week.? Harrison,s biggest worry is
that Peyton  Manning can stay calm enough not to strangle Jerome Pathon for
dropping easy  balls.? Harrison is fine and  actually looking better in my
eyes.?

WR Hines  Ward (Pit)? Does anyone else find it interesting to  see Kordell
Stewart throwing the ball to another &slash8 type player in Hines  Ward??
Ward doesn,t have the name of  a Plaxico Burress but he,s certainly more
productive.? If I,m Burress, I,d be for finding a  baseball cap that I was
comfortable with(?

WR Amani  Toomer (NYG)? Toomer,s back in a big way.? He had us worried there
for a stretch  earlier but he,s playing very well right now, especially with
Ike Hilliard  out.? QB Kerry Collins has settled  into a nice rhythm and
coach Jim Fassell is sticking his neck out guaranteeing a  playoff slot.?
Look for?Toomer  and Collins to be a big part of making that happen.

WR Sean  Dawkins (Ind)? With his size (6, 48 / 218 #) I,ve  always wondered
why he isn,t better.?  He,s showing over the last few games that maybe he
is.? Over the last 3 games, he rates as the #  5 WR in Fantasy Points per
game.? It  doesn,t seem to make a great deal of difference to him whether it,
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
and he,s a great gamble if you need to roll the  dice for a home run.? Yes,
he,s as  liable to go 2 for 18 as he is score a TD but sometimes, those are
the kinds of  gambles that pay big.? The team  reportedly was forcing him to
see an eye doctor for contact lenses.? This could be like Charlie Sheen in
Major League with the new glasses.?  Seriously, if he,s had bad vision that,s
been limiting him, look out once  he gets the contacts.?

WR Joe  Jurevicius (NYG)? With Ike Hilliard out, Jurevicius got  all he ever
wanted ) a chance.? And  he,s making the most of it.? He,s  clearly the #2 WR
behind Toomer but when this offense is clicking, the #2 guy  has definite
value.? Keep an eye on  Hilliard,s return but he could be a nice sub if you,
re in a  pinch.?

WR Willie  Jackson (NO)? Jackson is looking less &fluky8 with  each game.??
He put together a  nice day Sunday with 4 catches for 64 yards.? Like
Jurevicius, he,s the clear cut # 2  receiver but he,s certainly valuable.?
QB Aaron Brooks has surprised everyone and Jackson should continue to
benefit.?

WR R. Jay  Soward (Jac)? I,ll be honest, I really don,t like  Soward much but
you can,t dismiss the fact Mark Brunell seemed to almost be  forcing the ball
to him on the long throws.? He,ll draw the weaker coverage (and  rightly so)
when Jimmy Smith and Keenan McCardell are in the lineup so he could  have
some mismatches.?

??

TEs Moving Up?

TE Freddie  Jones (SD)? Jones is still under the radar of a few  owners as he
plays for the Chargers.?  Truth is,? he,s one of the  better receivers in the
game and definitely the best receiver in San Diego.? He,s a nice big target
with soft hands  for new QB Ryan Leaf.? He,s had 11  receptions over the last
3 games.?

TE Jay  Reimersma (Buf)? Reimersma,s returning to the player we  knew he
could be.? With 5 receptions  for 82 yards Sunday, he,s a vital part of the
offense. ?With WRs Peerless Price and Jeremy  McDaniel not doing much, it,s
pretty much Eric Moulds and  Reimersma.

TE David  LaFluer (Dal)? With Jackie Harris nursing a sprained  knee, LaFluer
seized the opportunity and put together an excellent game with 6  catches for
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
diving TD catch Sunday.?  At this point in the season, rookies aren,t really
rookies any more as  most have enough experience that they,re learning the
ropes.? Becht appears to be a fast learner and  could give this team a huge
boost with solid TE  play.

??

QBs Moving Down?

QB Jeff  George (Was)? Audition time is over.? Didn't you have the feeling
owner Danny  Snyder would have loved for his pet QB George to go wild before
Brad Johnson  sits down to the negotiating table to talk about next year (if
they ever do  that)? Instead, he looked very  average and even a little bit
old.?  Brad Johnson will get the start this week.? You never know with knee
injuries so  George certainly still has value, just nothing like he did as a
starter.

QB Trent  Green (StL)? Chris Berman made a great point last  night on ESPN,s
Prime Time.? Trent  Green is a nice player but let,s forget this talk about
him being the same  player as Kurt Warner.??  Another loss for the Rams
pretty much guaranteed we,ll see Warner this  week.? The Rams are suddenly
fighting for their lives and it won,t be Green behind center.?

QB Shane  Matthews (Chi)? The University of Florida has a great  program and
always places a large number of players at the next level but  Matthews looks
to be another shot putting QB that simply can,t deliver the ball  at this
level.? It,s a testament to  coach Steve Spurrier that he can devise systems
to make guys like Matthews and  Danny Wuerffel look great in college because
they clearly lack the talent.? Put it this way, Matthews has Bears fan
wishing Cade McNown will get back soon(

QB Drew  Bledsoe (NE)? Whether it,s the thumb or the WRs or the  play
calling, Bledsoe is struggling.?  I used to blame this on Bill Belichick
coming up with a Jets defense that  shattered Bledsoe,s confidence and threw
him into a tailspin this time of year  but now I,ll have to start looking for
other theories.?? As Terry Glenn said, & it felt  like the defense knew
exactly what we were going to do8.? That,s bad for a Thursday  game.

??

RBs Moving Down?

RB Emmitt  Smith? (Dal)? As you  probably saw, Emmitt was knocked out for a
moment during the Thanksgiving Day  game.? Check his status this  week.? Even
100%, he faces a tough  stretch of games to finish the season against Tampa
Bay, Washington, New York  Giants, and Tennessee.?

RB J.J.  Johnson (Mia)? Johnson had a nice game Sunday but early  indications
are that Lamar Smith will be ready to play this week and that means  Johnson
takes a seat.?

RB Jamal  Anderson (Atl)? It looks to me like the Falcons are very  close to
packing it in.? He may be  worth one more start against the porous Seattle
defense this week but after  that, he,s got a bye and then New Orleans.?

RB Marshall  Faulk (StL)? Understand, he,s still a top RB, but I think his
value is clearly falling a bit.? He  looks less than 100% but the most
telling indicator by far was the Robert  Holcombe goalline carry.? 6 weeks
ago, no way does Holcombe get that carry.?  He,s still a must start and
Warner will likely help his stock but I,m a  little worried.?

RB Curtis  Martin (NYJ)? The weather conditions made it tough to  get a true
picture of Martin,s health but it was pretty easy to see he wasn,t  100%
Sunday.? Between Bernie  Parmalee and Richie Anderson, coach Al Groh has
plenty of options and he doesn,t  hesitate to go with them.?

RB Jermaine  Fazande (SD) ?The big guy yields to Terrell Fletcher  and looks
to have lost his starting job.?  Not a huge loss as I doubt you were counting
on him for too much  anyway.

??

WRs Moving Down?

WR Yancey  Thigpen (Ten)? Drop this guy if you haven,t  already.? He misses
games with a  myriad of injuries and when he does see the field, he manages
to drop key  passes(?

WR Marcus  Robinson (Chi)? One has to wonder what could have been  with Jim
Miller healthy.? Shane  Matthews managed to get the ball to his best WR a
whopping one time Sunday.? That will not do.?

WR Sylvester  Morris (KC)? Morris has been especially disappointing  as one
usually expects rookies to progress during the season but he seems to be
going the other way.? Over the last  3 weeks, he ranks as the # 81 WR in my
TD / Performance system.? Part of that can be attributed to Elvis  Grbac /
Warren Moon but he,s not playing well right now.?

WR Terance  Mathis (Atl)? Mathis ranks # 72 among WRs over the  last 3 games
in my TD / Performance system.? That,s not what you,re looking for from  a #
1 WR, even if it is the Falcons.???

Eagle  WRs? These guys are just not very good.? I had especially high hopes
for Charles  Johnson this year but he,s not getting it done.???

WR Wayne  Chrebet (NYJ)? As sick as I was of Keyshawn Johnson  whining about
Chrebet not being a #1 WR, it looks he may have had a point.? Chrebet just
doesn,t have the speed or  physical size to make a? consistent  impact when
defenses choose to take him out of the game.? I love the guy and admire his
grit and  determination but he struggles against double coverage.? And most #
1 WR face double  coverage(?

?

TEs Moving Down

TE Andrew  Glover (NO)? A rising tide is supposed to lift all  boats but
nobody told Glover about that little axiom.? The Saints continue to roll in
spite of  a virtually non existent TE.?

TE Jackie  Harris (Dal)? Keep an eye on Harris as he sprained a  knee Sunday
and gave way to David LaFluer catching a ton of passes.?

TE Ricky  Dudley (Oak)? He,s maybe the most frustrating player  in the game.?
As soon as you bench  him, he,ll catch 2 TDs but I don,t know how many more 1
reception days I can  take from this guy.?

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com


Jay:

We sent this master for execution on May 1, 2001 and the counterparty just
responded to John with some comments.  Only one comment is credit related:
LPC does not want to pay default interest as per the ISDA agreement.  LPC
does not want interest compounded daily.  What is your position?

I have made all other changes or given LPC an explanation.

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


Louise, that is fine and at the end of the day a decision to be made by Gil and the Weather Group.  Just for the record, I want you to understand that I was very candid with my conversation with Mike and did not sugar coat any of our issues.  I was not trying to lay off a problem into another group.  That being said, I was told that they felt that Gil may have some skills that would be beneficial in their group.

Frank

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, September 12, 2001 3:51 PM
To:	Vickers, Frank W.
Subject:	RE: confidential

Gil will not be going to the Weather Group unless he goes as a Director.

 -----Original Message-----
From: 	Vickers, Frank W.
Sent:	Monday, September 10, 2001 6:16 PM
To:	Kitchen, Louise
Subject:	confidential

Louise, EGM may be interested in extending a job offer to Gil to work in the weather group.  I had a discussion with Mike McConnell and gave him my general opinion.  I may have oversold.  I will keep you posted.
In addition, Jared Kaiser is returning from EGM and will take over the lead Origination role in the Southeast as we have discussed.

Frank


Hey!  Guess it was hard to get back, huh!  I was going to get Jake one of
those baby wipe warmers and send it with Art & Jo, but Walmart was out of
them. Maybe I need to get something else.  Do you have one of those toys
that goes on the bar of the carrier?  Is Jake ok? Let me hear from you,
please.  I'm making Lacy stay off the phone from 7-9:30 every night so that
you & Shane can have a chance to call if you want to.  I sure do miss
holding Jake and playing with Cole.  Cole is so funny.  I've been telling
everybody things that he does & they can't believe it at 2 yrs. old.  I
gotta get busy--let me know if you get this.  I know you're busy, just a
little answer to let me know 'cause I sent you one a while back that you
never answered and the last 2 that I sent Shane & Shelly they didn't get.
Love ya, Ma
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com


-----Original Message-----
From: 	Jones, Brad
Sent:	Monday, December 03, 2001 8:57 AM
To:	May, Larry
Subject:	Option quotes

Larry,
Here it is.  Let me know if you need the same done for your pipe options.

Brad


Thanks, Tana. The session yesterday was very helpful............Tony


Hi Team,

Just wanted to clarify some decisions arising out of last week's N-Form Team meeting regarding the Working Environment policy...

Remove the phrase, "...and the use of other tobacco products..." from the activities limited by our smoking policy, as employees in field locations regularly use these products, and enforcement would be virtually impossible.
Clarify acceptable locations for smoking activity, as the definition for "workplace" used for alcohol and drugs is too narrow for smoking.
Review "workplace" definition...this is a composite from several sources...please provide feedback as to whether it should be revised, i.e. Michelle suggested adding "parking lots."

Workplace - Includes all Enron premises and any location where company business is being conducted or in which employees perform essential job functions, including all property, land, onshore and offshore platforms, office buildings, structures, installations, training facilities, plants, pipelines, boats, aircraft, and vehicles which are Enron-owned, leased, used, or operated, or which are located on Company property; as well as fenced areas to which general public access is denied or limited by Enron.  Also covered are any personal effects or items, including desks, lockers, workstations, personal belongings, and privately owned vehicles located on or in Company property.

Leave in the phrase, "...attending an Enron-sponsored function off Company premises..." in referencing locations where an employee should not be impaired by alcohol or drugs, as reasonable efforts are made to provide safe transportation and/or other options for impaired employees at Enron-sponsored social functions.
Add references to the state and federal Drug Free Workplace Act and non-DOT policies.
Stance on driving safety proposal is to state that the use of communication devices while driving poses a significant risk and that employees should comply with applicable law and business unit practices.
Michelle - in your notes, you commented, "What about drug testing?"  How much and which information would you like to see on this topic?

Have I missed anything?

Thanks so much for your time and assistance,
Karen

Karen Phillips
HR Associate
Enron North America
Business Consultants
713-345-4953


chk email for demand-reduction details.  thx, jeff


The Enron government affairs group has been actively involved in a number of
international initiatives to support our arious business units.  These
activities have ranged from specific project advocacy with the U.S.
government to active leadership in multilateral trade organizations (like
WTO) and relationship building with international funding institutions.

Other than the specific project advocacy, much of this work has been
relatively general, based on well accepted Enron objectives such as
liberalization and privatization.  Going forward, as we have discussed, I
would like to see our strategy and objectives for interaction with these
organizations built up from specific business unit objectives.  Consequently,
I will be setting up a series of conference calls to include representatives
from the regional government affairs groups and people who have been working
with the international trade and funding organizations (to describe the tools
which may available to meet regional business unit objectives).

The objective will be to come out of the discussion with specific objectives
and strategies for using the relationships and tools available to us to
advance the regional


Paul Dawson - I suggest that you pick this up, a chance to ingratiate
yourself to Ian.  I suggest you contact Ian and explore Edward Barker's
willingness to commute from LA to SF, on a nearly weekly basis.  You might
tell Ian that we really have nothing of interest, i.e., no real presence, in
LA, but are willing to use him in SF (if nothing else, we made the offer,
which Ian will appreciate).  I will not involve myself further, unless you
think I can add some value in communicating with Ian.   thanks  mcs

 -----Original Message-----
From:  Dasovich, Jeff
Sent: 25 June 2001 13:47
To: Shapiro, Richard
Cc: Kaufman, Paul; Dawson, Paul; Schroeder, Mark
Subject: Re: UK Government secundee to Enron?

If it's no cost to Enron, and if he's good and willing to commute to SF, and
if it would be beneficial to the Company, we could certainly use the help and
put him to work on interesting things.

But do we we want to infect someone with the lunacy of California regulation
and then potentially infect the UK?  Seriously, we can make it work if folks
think that it makes sense.

Best,
Jeff


Holli:

I have not heard back from Jim Deason on the CSA or comments to our
Schedule.  I will not be in on Friday, Dec. 29.  I think one of your
transactions takes effect in January. Please let me hear from you.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/27/2000 08:14 AM -----

	Sara Shackleton
	12/22/2000 09:39 AM

		 To: Jim Deason <Jdeason@chbh.com>@ENRON
		 cc: Holli Krebs/HOU/ECT@ECT
		 Subject: RE: EWEB Schedule to the Master Agreement

Enron is closed on Tuesday 12/26/00.  We can talk on Wednesday 12/27/00, at
your convenience.  Also, I will be out of the office on Friday 12/29/00.
Will I have your CSA before 3 pm Houston Time today?
Regards.  Sara

	Jim Deason <Jdeason@chbh.com>
	12/21/2000 07:36 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc: "Dick Varner (E-mail)" <Dick.Varner@eweb.eugene.or.us>, "Bert Dunn
(E-mail)" <bert.dunn@eweb.eugene.or.us>
		 Subject: RE: EWEB Schedule to the Master Agreement

Sara:  Thanks for the revised schedule and comments.  I will be reviewing
and discussing them with EWEB tomorrow (Friday, 12/22).  In the meantime,
attached for your review is our draft form of legal opinion resulting from
our discussion last week.

Perhaps we can arrange time for a conference call on Tuesday, 12/26/00, to
finalize our negotiations?

-Jim

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Thursday, December 21, 2000 6:50 AM
To: jdeason@chbh.com; bert.dunn@eweb.eugene.or.us;
Dick.Varner@eweb.or.us
Cc: Holli.Krebs@enron.com
Subject: EWEB Schedule to the Master Agreement

Jim:

Attached is a revised Schedule.  We have accepted most of your changes.  I
believe that the outstanding issues include:

1.  Please note the revised Threshold which we previously discussed.
2.  We accepted Portland as a forum for arbitration.
3.  We need to discuss your invoicing procedure.
4.  We are waiting to comment back on the revised reps pending receipt of
the CSA and legal opinion.
5.  We have added some language to the recording provision to acknowledge
internal recording destruction policies.
6.  We have not revised the Reference Market-maker provision.  Have you had
a chance to consider my email of 12/19/00?

Please let us know when we will receive the remaining documentation so that
we can finalize our negotiations.

Regards.  Sara

(See attached file: EWEB.doc)

 - CHBH Legal Opinion re EWEB-Enron ISDA.doc


Some issues are to be addressed in other proceedings and not litigated in the
GRC2. PG&E must remove all portions of its filed testimony that are to be
addressed in other proceedings.

Advice Letter Filing:
Applicability of Schedule ED through the rate freeze, pre existing Economic
Development Rate Schedule terminated in Dec. 1998

Post Transition Ratemaking Proceeding (PTR):
PG&E's proposals in the GRC2 WILL NOT supersede revenue allocation and rate
design proposals in the PTR
PTR issues are:
Allocation and rate design of CTCs.
Ratemaking issues related to the RRB memorandum account, PPP and Nuc.
Decommissioning.

Revenue Cycle Services (RCS):
All RCS ratemaking issues will be litigated in the RCS proceeding.

GRC2:
Schedule EB (post transition economic development rate schedule)
Bypass Charges
VBU
Rate design for distribution

GRC2 Schedule Highlights
The schedule is contingent upon the issuance of a final decision in GRC. PG&E
is also schedule to provide models and comparison exhibits.
     Scenario 1  Scenario 2
GRC1 final decision   12/2  12/16
ORA testimony    1/7  1/25
Intervenors Testimony   2/14  3/4
Rebuttal - all parties   3/6  3/24
Hearings    3/20 to 3/31 4/10 to 4/14
     4/10 to 4/14 4/25 to 5/5
PD     8/2000  8/2000        Decision    Fall 200  Fall 2000


Just hoping I guess.   B/c mom already told me I wasn't getting anything from
them, and I haven't picked out anything from the Grandmas, so even if I do
get something it just means I'm going to have to find some corner of the
closet to hide it in!!  How was that for a run on sentence!  I'm not sure I
believe we're going to have sleet here tomorrow.  It's still hot and muggy
outside now.

Talk to ya later,
Robin

Paul Rodrigue <paulrodrigue@yahoo.com> on 12/11/2000 10:25:07 AM
Please respond to paul_rodrigue@bigfoot.com
To: Robin.Rodrigue@enron.com
cc:
Subject: Re:

What makes you think I got you any presents?

--- Robin.Rodrigue@enron.com wrote:
>
> Before you go mail me your house keys and tell me
> where you've hidden my
> Christmas presents.  Sorry we won't get to see you
> for Christmas.  Hope you
> like Chicago.  Maybe you'll make it back by Easter.
>
> Ruston was good.  The game was awesome!!  It was so
> loud in there my ears
> were ringing when I left.  We lost but it was a much
> closer game than I
> expected.  My favorite part was when Pat Summitt was
> whining and the crowd
> starting chanting "Sit down, Pat!"
>
> Keith and Susan was crazy as usual.  I had a blast
> over there.
>
> Talk to ya later.  Good luck with your trip.
>
>
>
>
> Paul Rodrigue <paulrodrigue@yahoo.com> on 12/11/2000
> 09:33:18 AM
>
> Please respond to paul_rodrigue@bigfoot.com
>
> To:   Robin.Rodrigue@enron.com
> cc:
> Subject:
>
>
> So how is Ruston? Anything exciting going on?
>
> I'm heading to Chicogo this week. (St. Charles
> actually) I'm hoping that I will even make it. The
> weather is so bad up there that they are cancelling
> flights now. And what am I supposed to do once I'm
> there? Do you think that this poor little Texas boy
> has ice and snow clothes? What use would I have for
> a
> wool coat down here. I'm going to freeze my tushy
> off.
>
> __________________________________________________
> Do You Yahoo!?
> Yahoo! Shopping - Thousands of Stores. Millions of
> Products.
> http://shopping.yahoo.com/
>
>
>
>
>
>

__________________________________________________
Do You Yahoo!?
Yahoo! Shopping - Thousands of Stores. Millions of Products.
http://shopping.yahoo.com/


ok

	Janel Guerrero
	03/13/2001 08:04 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: H&M Roses, Inc

Steve....unless you think it's a potential problem, I'd like to include the
CA flower grower in our list of businesses to target with ken's letter. (You
handed me the letter from H&M Roses, Inc today). Let me know. thanks.


it is only worth it for $10/hole.  you shouldn't even waste your money on a
nice course.  you need lessons.  stop losing money to me and wasting your
money at a nice course.  lessons will help.


REMINDER:    WEEKLY HPL TRANSITION MEETING TODAY @ 4:00 pm in EB24C2

Executive:     Brian Redmond
Structuring:     Patrick Wade
Accounting:     Jim Coffey
Project:      Troy Denetsosie
Legal:      Barbara Gray, Anne Koehler, Sandi Braband
Asset Management/Joint Ventures:  Steve Schneider, Ken Kaase
Enron Transportation & Storage:   Barney Brasher
Engineering:     Molly Carriere, Nick Cocavessis
Trading:     Tom Martin, Dave Baumbach
Marketing:     Greg Brazaitis
Contracts:     Melissa Graves, George Weissman
Human Resources:    Fran Mayes, Kathy Neal
Energy Operation:    Bob Hall
IT:      Tommy Yanowski
Global Finance:     Katie Stowers
Transport:     Ed Gottlob
Operations:     Ron Green
Producer Services:    Jill Zivley, Brian Riley
Gas Control:     James McKay
Regulatory:     Tom Shelton
Tax:      Rhett Jackson


Put who up for sale?  Coastal?  Really?  Why?

-----Original Message-----
From: Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Thursday, October 11, 2001 1:13 PM
To: Dasovich, Jeff
Subject: RE:

I think I got it in like 15 minutes late - they are not being heir usual
cooperative selves since we put them up for sale!

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Thursday, October 11, 2001 11:05 AM
To: Nancy Sellers
Subject: RE:

don't worry about it.  i'm just sending the check now.  whenever you get
the wine is fine.  and thanks again for doing it.

-----Original Message-----
From: Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Thursday, October 11, 2001 1:04 PM
To: Dasovich, Jeff
Subject: RE:

94558.  And your wine will not be here until next Thursday!  I was late
sending it in!  Sorry,

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Thursday, October 11, 2001 10:53 AM
To: Nancy Sellers (E-mail)
Subject:

What's your zip at home in Napa?

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Shirley,

How are we doing on bringibg these people to Houston for an interview?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/11/2000
08:20 AM ---------------------------

Bryan Seyfried
05/10/2000 04:51 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Credit.com CV's

vince thanks for helping out.....we really need more dedicated assistance.
zak is probably more pure research and his son phil would possibly be on the
desk.....let's discuss after you have met them..

Vince J Kaminski
05/08/2000 10:46 PM
To: Rosalinda Resendez/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Bryan
Seyfried/LON/ECT@ECT

Subject: Re: Credit.com CV's

Rosie,

We are making arrangements to bring them to Houston for an
interview.

Vince

Rosalinda Resendez
05/08/2000 11:10 AM
To: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Credit.com CV's

Vince,
I've been asked to forward these resumes to you.

rosie
---------------------- Forwarded by Rosalinda Resendez/HOU/ECT on 05/08/2000
11:06 AM ---------------------------
LOUISE
BRATBY
05/08/2000 10:11 AM

To: Rosalinda Resendez/HOU/ECT@ECT
cc:
Subject: Credit.com CV's

Rosalinda

I work with Melanie Doyle in London HR.  I have two candidates who I'm trying
to arrange (for Bryan Seyfried) to come in and see Vince Kaminski however I'm
finding it difficult to co-ordinate from this end.  Would it be possible for
you to forward these CV's on to Vince's assistant as I'm not sure who the
correct person is.

Thanks for your help and if you need more details my number is 44 20 7783
6945.

Regards
Louise


Thanks, Harry.  I want to re-enforce the switching issue, since EES is likely
to be very focused on moving customers back to the utility on Tuesday.
Switching would certainly reduce EES' going-forward exposure to 1) growing
"credit receivables" that the utilities refuse to pay and 2) the risk that
the Commission will end the rate freeze altogether---and the PX credit with
it--as part of the hearing process that commences with the pre-hearing
conference on Wednesday.  Reducing that exposure is clealry important to EES.

But the utilities' ability to resist taking back customers is likely to be
significant, particularly since 90% of the volumes that we serve are on Enron
meters.  Imagine the road blocks that the utility can/will construct over the
"complex process"  of changing-out the meters.  In addition, when CA border
gas prices spiked several weeks ago, many large gas customers tried to switch
from noncore to core service on SoCalGas' system.  SoCalGas submitted an
emergency motion at the Commission to prevent the switching and the
Commission granted it in the wink of an eye.

It will be important for EES to drill down fairly deeply in its analysis of
all the ways that the utility can frustrate any switching.  Otherwise, we may
find ourselves confronting a lot of negative PR without having reduced any of
EES' exposure.  Customers who have been unwillingly switched back to the
utility have become very vocal about their displeasure and have turned
negative on ESPs as a result.

Best,
Jeff

	Harry Kingerski
	01/07/2001 11:21 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark S
Palmer/Enron Communications@Enron Communications
		 cc: Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 Subject:

These 3 issues will be discussed at your Tuesday afternoon meeting with EES:

what to do about forcing the utilities to pay delinquent PX credits
Through December, the total arrearage is about $220M total, mostly from
PG&E.  Neither utility is paying.  Vicki Sharpe is lining up bankruptcy
counsel.

should the new 1 cent surcharge be passed on to our customers
Vicki has not said yet whether our contracts allow passthrough, although she
has hinted it would require a very aggressive interpretation of the contract.

should we try to return our customers to utility bundled service
Aside from the modifications to our customer contracts that have to take
place, an even stickier issue is to get the utilities to take them back.
Even if the utilities are required to do so, forms have to be processed and
meters have to be changed out.  (We have our own meters on our accounts.)
This could not happen quickly.  Of course, this action mitigates against the
risk of the rate freeze ending but does nothing for the credit problem, other
than to keep the exposure from getting larger.

On Wednesday, there will be a pre-hearing conference at the CPUC on the next
phase of the end-the-rate-freeze case.  Jeff and I have talked about this and
think we can decide what our involvement will be (witnesses, positions, etc.)
after a schedule is set.  For now, the strategy is to make sure the CPUC on
Wednesday adopts a schedule that deals with all the issues they must deal
with about the rate freeze.

(Rick, I will be in San Francisco through Wednesday meeting with Mike Day and
working with Roger Yang to identify all those issues.)


This is a test, please ignore it.
Thanks!


Sorry, I have not heard anything at all.  Presently our only activity with
Merrill Lynch International Bank is FX.  We trade swaps with ML Capital
Services.  We do deal with back office people in both NY and London.  Please
let me know if I can provide any other info.


These guys move fast.  Besides requiring a little editing, I told Allegheny that we would prefer to wait till Monday so that we have time to place phone calls to agencies/gov officials in Nevada before it hits the wires.  I dont think we need to mention Enron in the release.  I will copy you on a later draft.
---------------------- Forwarded by Christopher F Calger/PDX/ECT on 05/04/2001 07:55 AM ---------------------------

Jennifer Walker@ENRON
05/04/2001 07:31 AM
To:	Christopher F Calger/PDX/ECT@ECT
cc:
Subject:	DRAFT Press Release: Allegheny Signs Tolling Agreement with Nevada Generating Facility

Chris:
Per my voicemail, attached is the Press Release regarding Allegheny's 15-year natural gas tolling agreement with Enron's Las Vegas Congeneration facility. Please note that Enron is NOT mentioned in the release.

According to Allegheny, this deal was closed this morning at 6am. At this point, Allegheny is not sure if they are even going to issue this release, but they would like our approval just in case they decide to move forward and release it. If they do decide to issue the release, they are aiming to do so TODAY. Therefore, please provide your comments to me asap.

Thanks in advance for your help and please contact me with any questions.
Jennifer Walker
Enron Public Relations
713.853.9964


You can help with McKinsey.  The only thing I can think of is them analyzing the size of the market for mid and back office services and how much capital is dumped in to this, etc.

On Whalley, we should be down 15% on 2002 plan vs. 2001 forecast across EA, EGM, EIM, EEL, EES, and Corp. (as a whole) on total expense (so EBIT is helped) and probably that much on capital as well so cash flow in 2002 is better and we don't keep making the depreciation snowball bigger.  The key will be having accurate 2001 forecast numbers!

Can I go with you when you see Causey just to sit in?  You can do it all, I just want to see how he feels about the whole thing.  Besides, I don't really know him well.

See you at 1:30 PM today until 4 PM, if necessary.

GP

 -----Original Message-----
From: 	Beck, Sally
Sent:	Wednesday, October 10, 2001 10:46 AM
To:	Piper, Greg
Subject:	McKinsey, Staff Meeting and Budget Updates

McKinsey:  I read their letter - pretty good recap of where we are today.  Todd Busby and I would like to meet with you regarding his assessment of market potential and internal trade-offs relative to that.  Would make most sense for the three of us to do that before having any further conversations with McKinsey.  What I know is that McKinsey can be very expensive to work with.  We would have to feel revenue opportunities would be very strong in order to commit to spend dollars with McKinsey.

Staff Meeting Attendees:  Will Alan Sommers now attend the Thursday Net Works staff meeting?  Does he know about it for this week?  Have we made any decisions on the purpose and make-up of that meeting?  We are including Mark's directs on IT, but not their counter parts in Operations.  Including operations would make that meeting too big, so I am not necessarily suggesting that.  Just trying to rationalize the meetings that we want to have.  (FYI - In Causey's staff meeting today, Alan mentioned that the move of the ISC under Net Works was announced within Net Works - and spread - before Causey or Alan announced this to the people in the ISC.  Creates a bit of a bumpy start.  Causey is still very much in favor of this move - he did share with me last week 3 things that he will be looking for to insure that this move is smooth and yields the results desired,.  I can share those with you.  Causey has explicitly covered the 3 items with Mark in agreeing to the transition.)

Budgets:  After meeting with Whalley last week, should we consider coming to the table as Net Works with a reduction in budgeted dollars (expense and capital) of 10% or so?  That has not been our goal to date, but maybe it should be, given the stretch that Greg is trying to make.  Might also bode well with all of the business units to which we are allocating if we could say that we took a hard look and made those reductions ourselves.  I have some ideas on how we might get there.  Let me know - we would need to get that done this week.  --Sally


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/27/2000
08:58 AM ---------------------------

"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


JEff--I was just on the phone with Kaufman and he asked if you could send me
a great document that you put together on a demand buy down program (and he
said it was the one you put together for Hertberg).  Could you send either
via e mail or fax?  612-339-4392


Enron to Scale Back European Operations, But Says It Won't Cut U.S. Payrolls
Dow Jones Business News, 10/04/01
Enron Seeks To Cut Staff In Europe By 5%-10%
Dow Jones Energy Service, 10/04/01
Acquisition Speeds Select Energy's Northeast Growth-Exec
Dow Jones Energy Service, 10/04/01
Pacific NW Lawmakers Gear Up To Oppose FERC RTO Mandate
Dow Jones Energy Service, 10/04/01
USA: NewPower signs up 50,000 new electric users in Texas.
Reuters English News Service, 10/04/01
States protest federal involvement in electricity competition, deregulation
Associated Press Newswires, 10/04/01

Enron to Scale Back European Operations, But Says It Won't Cut U.S. Payrolls

10/04/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Christina Cheddar
Dow Jones Newswires
NEW YORK -- Although Enron Corp. plans to scale back its European operations, the Houston energy-trading company isn't looking to pare U.S. payrolls.
"There's nothing out of (the) ordinary planned for the rest of the business," said company spokeswoman Karen Denne. "We are continuing to hire in the businesses most rapidly growing."
Those growing businesses include Enron Wholesale Services, she said.
Earlier Thursday, Dow Jones Newswires reported the company would cut between 5% to 10% of its European staff, or as many as 500 workers.
This past summer, the energy company announced staff reductions at its Enron Broadband Services division. The number of employees affected by this decision wasn't immediately available, Ms. Denne said.
Before Thursday's announcement, the company's shares were trading lower on the New York Stock Exchange. But in afternoon trading today, shares of Enron (ENE) were up $1.11, or 3.3% to $34.60. With these latest gains, the stock is now up about 40% from the three-year low of $24.46 set a week ago.
For several months, Enron shares have been under pressure as investors struggled to assess the impact of a number of negative developments, including declining energy prices, the recent and sudden departure of its chief executive, disappointing performance of its broadband unit and difficulties at its Indian power plant project.
The stock has made steady progress this week as investors shopped for bargains or were encouraged by progress Enron made in its plan to divest itself of some overseas assets.
On Wednesday, Enron announced the sale of some Indian oil and gas assets to BG Group PLC (BRG), a United Kingdom oil and gas company.
J.P. Morgan analyst Anatol Feygin said the stock also received further support by the reaffirmation of earnings forecasts at rivals Dynegy Inc. (DYN) and Aquila Inc. (ILA) in recent days.
- Write to Christina Cheddar at christina.cheddar@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Seeks To Cut Staff In Europe By 5%-10%

10/04/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- Enron Corp. (ENE) is looking to cut its workforce in Europe by up to 10%, or around 500 jobs, Enron Europe Chief Executive John Sherriff said Thursday.
"We have around 5,000 employees in Europe and we are seeking to cut our headcount here by between 5% and 10%, but we will aim as far as possible to achieve this through a program of voluntary severance," Sherriff replied in a written response to questions by Dow Jones Newswires.
The cuts are the first significant retrenchment by Enron since it arrived in Europe in 1989. Enron has been the most aggressive U.S. energy company to expand into Europe's deregulating markets, but its core energy trading businesses have been held back by the slow and piecemeal progress toward market liberalization in the E.U.
The company declined to be more specific about how far it will scale back individual product lines or coverage of certain geographical businesses.

Enron's product range in Europe has mushroomed over the past year, continually giving rise to market talk, notably among its competitors, of overstretching itself prematurely in underdeveloped markets.
"Enron's business continues to grow in Europe in terms of traded volumes and numbers of transactions, but like any company we are constantly seeking ways to do more with less in order to maintain earnings growth," Sherriff said.
"It is prudent for us to keep both a close eye on our costs and to continually review the skills and resources that are available to use, to ensure that they are deployed in a way to maximize earnings," he added.
While trading volumes have exploded in core markets such as U.K. power trading since wholesale market reforms were introduced in March, liquidity in other products such as bandwidth, monomers and credit risk, is understood to have developed more slowly and restricted the volume growth needed to justify Enron's pure trading strategy.
Enron has been among the most prominent exponents of a new philosophy in energy markets that places far more emphasis on risk management skills than the physical ownership of assets, a radical change from the asset-heavy approach to energy that prevailed in Europe before the E.U.'s deregulation directive came into effect in 1999.
As such, it has in the last 18 months disposed of assets such as its stake in Sutton Bridge power station in England and has conspicuously refrained from buying 'brownfield' physical assets in markets such as Italy and Germany.
However, it has pursued various greenfield independent power projects and the acquisition of gas trading licenses in markets such as Spain and Italy.
-By Geoffrey T. Smith, Dow Jones Newswires; (+44 20) 7842 9260; geoffrey.smith@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Acquisition Speeds Select Energy's Northeast Growth-Exec
By Kristen McNamara
Of DOW JONES NEWSWIRES

10/04/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Select Energy Inc.'s planned purchase of Niagara Mohawk Energy Marketing Inc. will speed up by a year or two the company's plans to expand its business beyond New England to the entire Northeast, Select's president said.
The acquisition stengthens Select Energy's position in New York and the Mid-Atlantic, boosting its efforts to become a regional leader in the business of managing energy supply for industrial and commercial customers and trading electricity in the region.
"We want to be the dominant player here," President William Schivley said in an interview with Dow Jones Newswires. "By being the dominant player in the Northeast, we'll be considered a national player."
Select, a unit of Berlin, Connecticut-based Northeast Utilities (NU), faces competition from national heavyweights like Enron Corp. (ENE), Duke Energy (DUK), AES Corp. (AES) and Exelon Corp. (EXC).
Select Energy announced an agreement Tuesday to purchase the wholesale and retail energy sales unit of Syracuse, New York-based Niagara Mohawk Holdings Inc. (NMK), which is active in the Mid-Atlantic and New York power markets.
Integration plans aren't firm, but Select Energy will work with Niagara Mohawk executives to identify best practices from both companies, Schivley said.
The companies aim to have a transition plan ready by the time federal energy regulators rule on the combination. Select Energy has said it plans to keep Niagara Mohawk's Syracuse office open.
The company won't release the terms of the deal until it closes, which is expected in late November.
Select has annual revenues of about $2.5 billion. Niagara Mohawk Energy Marketing had revenues of $635 million in 2000.
Select Energy is still looking at further acquisitions of trading operation and generating assets in New York and the Mid-Atlantic, Schivley said.
"This is more than just window shopping," Schivley said. "We are actively seeking out hard assets."
The company isn't interested, however, in the two other unregulated units Niagara Mohawk is looking to sell in advance of its acquisition by National Grid Group PLC (NGG), he added.
Within the next three to five years, more and more large companies are likely to start outsourcing management of their energy needs, especially as those needs become more complicated, Schivley said. Energy, along with labor and raw materials, are companies' three biggest expenses, he said.
"We're trying to grow this business by leaps and bounds," Schivley said. "We've taken a giant step in New York. All the products we offer will be expanded dramatically and increased to a number that, without the acquisition, would have taken us a year or two to get to."
-By Kristen McNamara, Dow Jones Newswires; 201-938-2061; kristen.mcnamara@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Pacific NW Lawmakers Gear Up To Oppose FERC RTO Mandate
By Bryan Lee

10/04/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Members of the Pacific Northwest congressional delegation are gearing up in opposition to the U.S. Federal Energy Regulatory Commission's mandate for consolidation of power-grid assets in the region.
The House Northwest Energy Caucus held an informal hearing late Wednesday to air concerns of utilities and industrial consumers in the region about FERC's effort to establish a regional transmission organization, or RTO.
The lawmakers plan to follow up the hearing with a letter to FERC voicing the concerns, which largely revolve around skepticism that the RTO will result in cost savings for the region's consumers.
FERC shouldn't force an RTO on the region without first conducting a cost-benefit analysis, said Rep. Peter DeFazio, D-Ore., who is spearheading the effort.
Speaking with reporters prior to Wednesday's hearing, DeFazio complained that "a bunch of bureaucrats" at FERC are embracing the national power-grid agenda of Enron Corp. (ENE) without assessing the costs and regardless of "what it does for local reliability."
DeFazio's complaints were echoed in the testimony presented at Wednesday's hearing.
The region already enjoys an open and competitive transmission network, thanks to the federally owned Bonneville Power Administration, according to hearing testimony expressing concern that RTO West, as the RTO proposed for the region is called, will cost more to implement than it will provide in benefits.
"We are troubled that RTO West will not achieve any net benefit for end-use consumers in the Northwest," the Public Power Council testified. "Although work is beginning on a cost-benefit study, we are troubled that a transmission system that has served us all well for so long will be disassembled because FERC has announced that RTOs, by definition, are good."
"Regional transmission organizations may be necessary to remedy the transmission ills in other regions of the country, but not in the Northwest," declared a group of transmission-dependent utilities.
"The 'balkanization' and isolation of transmission systems that characterize most other regions is simply not present in the Northwest. For this reason, the economic power-side benefits of an RTO will be relatively small," said a group of aluminum producers.
Similar cost-benefit concerns have been voiced by state utility regulators in the Eastern U.S. who oppose FERC's effort to consolidate grid assets under large RTOs in the Southeast and Northeast.
'RTO Week'

FERC Chairman Pat Wood III acknowledged the complaints Thursday, adding that he expected to address the concerns of regulators and industry during "RTO Week" Oct. 15, when the commission will hold five days of hearings on the commission's RTO mandate.
"I think I need the decisionmakers at the table. We've had the lawyers in the suits arguing about it for eight years now," Wood said at an "energy community" forum sponsored by Enron in Arlington, Va.
Wood told Dow Jones Newswires following his remarks at the Enron forum that FERC answered the complaints about the lack of a cost-benefit analysis at its Sept. 26 meeting.
The commission agreed to undertake a comprehensive analysis in support of its claim that RTOs will bring about operational efficiencies that will translate into consumer savings.
Wood also noted a study by Mirant Corp. (MIR), which concluded that combining the three independent system operators in the Northeast into a single RTO would produce $440 million in annual consumer benefits.
During the Enron forum, Edward Meyers, a regulator with the District of Columbia Public Service Commission, urged Wood to seek out the input of affected state regulators.
Meyers noted that he is in the minority among regulators in the region in supporting the Northeast RTO grid-consolidation, while most others oppose the effort as "economically dangerous."
Arnetta McRae, chairman of the Delaware Public Service Commission, told Wood that her fellow state regulators aren't so much opposed to grid regionalization but the lack of consultation by FERC.
The state regulators want "an opportunity to be at the table," McRae said. If such a process were offered, there would be a lot less opposition, she predicted.
FERC is reaching out to address the concerns of state regulators, Wood said, adding that he was "blindsided" by the opposition among state regulators to FERC's grid-consolidation mandate.
Later in the day, Wood told reporters that "RTO Week" will feature an entire hearing devoted to the concerns of state regulators.
At the Enron forum, Wood defended the commission's RTO policy, which calls for carving up the nation's interconnected electricity system under the control of four or five large RTOs, as necessary to jump-start the overly long transition from regulation to competition.
"This process needs to be goosed," said Wood, calling FERC's RTO orders "an external catalyst" to get the process moving.
"If I'm wrong, I'd love to find a better way around that," he said.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; Bryan.Lee@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: NewPower signs up 50,000 new electric users in Texas.

10/04/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 4 (Reuters) - The New Power Co. said Thursday the electricity grid operator in Texas is processing requests from over 50,000 residential customers who have chosen New Power as their new electricity provider.
The Electric Reliability Council of Texas (ERCOT) is responsible for processing the requests to switch customers for all utilities and competitive retail electric service providers during the state's deregulation pilot program, NewPower said in a statement.
The switching process could take anywhere from two weeks to two months before consumers will actually begin to receive power from a competitive retail electricity provider.
New Power said it has captured more than half of the customers who decided to switch to new providers from the Reliant Energy HL&P and TXU Corp. markets.
The New Power Co., a subsidiary of NewPower Holdings, Inc. , is the first national provider of electricity and natural gas to residential and small commercial customers in deregulated power markets in the United States.
The Texas pilot power deregulation program began on July 31 after it was delayed two months due to computer problems.
The entire state is slated to begin full retail competition on Jan. 1, 2002.
A spokesman for the Public Utility Commission of Texas told Reuters previously that about 120,000 residential customers had signed up for the pilot program.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

States protest federal involvement in electricity competition, deregulation
By H. JOSEF HEBERT
Associated Press Writer

10/04/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - North Carolina and several other states told the Supreme Court the government went too far when it ordered electric utilities to open their power lines to competitors and spurred a movement toward deregulation.
But one of the country's largest power marketers, Enron, argued before the court Wednesday that the Federal Energy Regulatory Commission should have gone even further to help companies like Enron get equal access to power grids.
During the hourlong hearing, the justices gave little indication of how they will decide on a case that could dramatically affect management of the nation's power grids and the future of electricity competition.
At one point, Justice Stephen Breyer said FERC, which regulates wholesale power markets and interstate transmission of power, was being "whipsawed" from both directions.
The commission's 1996 decision, which for the first time required traditional utilities to open their transmission lines to competing power merchants, triggered a movement toward wholesale electricity competition and led numerous states to end monopolies in retail power markets.
But utility regulators in nine states, led by New York, filed suit arguing that the FERC order amounts to a federal agency attempting to regulate retail sales, usurping a traditional state function.
At the same time, Enron's lawsuit charged that FERC violated federal law because it did not require access to transmission lines when utilities continued to keep transmission and retail sales as one operation - as remains the case in many states that have yet to allow competition.
In June 2000, an appellate court essentially upheld FERC's regulation, prompting appeals from both Enron and the state regulators.
"It's an example of where an agency has overstepped its bounds," Lawrence Malone, general counsel for the New York State Public Service Commission, told the justices at Wednesday's hearing. The other states party to the lawsuit are Florida, Idaho, New Jersey, North Carolina, Virginia, Washington, Vermont and Wyoming.
Malone, appearing on behalf of all nine states, argued that FERC's order pre-empts state authority to regulate retail sales and set rates.
"This case isn't about rates," countered Louis Cohen, representing Enron Power Marketing Inc. before the court. "What we're concerned about is getting onto the (grid) system."
Cohen said that under the current access rules a dominant utility in a state that has not moved to competition may still "hog" the lines and keep Enron and similar marketers from moving power across a region.
The Justice Department, representing FERC before the court, argued that the commission only sought to strike a balance between the need to give competitors equal access to power lines and leaving retail market issues to the states.
Edwin Kneedler, deputy solicitor general, told the court that FERC, in his view, could have gone further, as Enron has argued. But, he said, to do so it would first have had to order all utilities to separate retail sales and transmission, something it chose to leave to the states.
The case, which is not expected to be decided until sometime next year, comes at a time of growing concern about electricity competition and power grid reliability in light of recent power problems in California.
About half of the states have taken some steps toward retail electricity competition.
Many power industry experts as well as the FERC commissioners have emphasized that a truly competitive electricity market will be difficult to achieve without smooth and efficient flow of electricity across large regions, if not nationally. And that, argue companies like Enron who want to compete with traditional utilities, will require more open access to transmission.
In an attempt to smooth the flow of power, FERC has embarked on a campaign to establish four large, regional transmission organizations to manage the national power grid. A court decision rolling back some of FERC's authority over open access to transmission lines could affect that effort.
Uncertainty over how far the federal government will be allowed to go in requiring transmission access also could affect state decisions on whether to embrace electricity competition, according to some industry experts.
---
On the Net:
Federal Energy Regulatory Commission: http://www.ferc.fed.us/
Enron: http://www.enron.com/corp/

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


To follow up our conversations, I met with the Brett Wiggs, Ranabir Dutt and others today, and have made the following clear:

1.  Brett Wiggs is to document and implement a process for completion of the project under the CAA that legitimizes that the project cannot be completed to the standard required by the required actions of the Construction Agency Agreement until the new year.

2.  Ranabir Dutt is to ensure that it is made clear in any communications with the project lenders that completion to the standard required by the CAA is not going to be achieved this year.

3.  Ranabir Dutt is to ensure that the financing from OPIC requires some completion risk or requires a standard of completion lower than what is required for the project lenders under the CAA with all other conditions to funding by OPIC to be otherwise satisfied before completion is a possibility under the CAA.

The objective is to ensure that completion and funding risk is "hedged" between the project lenders and OPIC, or, if OPIC flakes, to ensure that we can legitimately state to the project lenders that completion will not occur until the new year.

A couple of additional points:

1.  I told them not to worry about getting to a start date under the off-take agreement to achieve upside from capacity payments this year as it risked the project lenders being able to legitimatize completion this year without OPIC being fully committed.

2.  There is nothing preventing the project lenders from asserting that completion has occurred or declaring a default for non-payment this year.  However, I told them that we need to do the right things so that the lenders will face risk of wrongfully attempting to seek repayment if they do so.

They all seem to get the message.  I will follow up with them tomorrow.

Peter.


----- Forwarded by Mark Taylor/HOU/ECT on 08/29/2000 11:24 AM -----

	AShaw@milbank.com
	08/28/2000 10:43 PM

		 To: amanda.angelini@ssmb.com, rick.caplan@ssmb.com, steve.incontro@ssmb.com,
Stephen.Thatcher@citicorp.com, thomas_musarra@ustrust.com,
dfdevine@jonesday.com, doug.mcdowell@enron.com, gareth.bahlmann@enron.com,
Fcochran@velaw.com, acurry@velaw.com, mary.cook@enron.com,
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: EMoser@milbank.com, RRichards@milbank.com
		 Subject: Message from Ray Richards re: Delta

Attached below please find the following revised documents (each marked to
show the changes that were agreed to at Closing):

1.? Enron-Citibank Swap Confirmation;
2.? Enron-Citibank Credit Support Annex;
3.? Enron-Delta Swap Confirmation; and
4.? Enron-Delta Credit Support Annex.

Best regards,
Ray Richards

 <<Enron-Citi Swap Confirmation.doc>>  <<Enron-Citi CSA.doc>>  <<Enron-Delta
Swap Confirmation.doc>>  <<Enron-Delta CSA.doc>>

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
the sender and delete this e-mail message from your computer.

 - Enron-Citi Swap Confirmation.doc
 - Enron-Citi CSA.doc
 - Enron-Delta Swap Confirmation.doc
 - Enron-Delta CSA.doc


This email is to let you know that the October 2001 version of NEWGen is
available for download on www.rdionline.com.  If you do not want to receive
this email please reply with unsubscribe me as the subject line.

Thank You,

The NEWGen Staff


Start Date: 4/14/01; HourAhead hour: 18;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041418.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 18 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/14/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SPP
  ENGY_TYPE: WHEEL

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 18 / Preferred: -125.00 / Final: -124.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/14/01
  TRADING_SC: SETC
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 18 / Preferred:  25.00 / Final:  24.92)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/14/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 18 / Preferred: -60.00 / Final: -59.98)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/14/01
  TRADING_SC: NCPA
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1


Shelley - for your use, attached is the package we put together recently.  I'll be out Friday and Tuesday, but let me know after that if you need any changes.  thanks, Jane

Jane Joyce
402 398 7695
Northern Natural Gas


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.


Hello JJ.  The Clark family will have me traveling to Abilene on this day.  I
hate to miss the highlight of the X-MAS holiday.  Let me know what the plans
are for New Year's Eve this year.  Will you guys be in Houston?  I hope
Dallas is treating you well.  We can't wait to see Michael.  Clark and Jake
are doing great.

Grigsby