Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
Monday, June 4, 2001 No. 753
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GAS FUTURES
Henry Hub
12 Month Strip  4.0966  +0.0298
18 Month Strip  4.0451  +0.0300
| Month | High  |  Low  | Close | Change |
| JUL   | 4.000 | 3.811 | 3.930 | +0.016 |
| AUG   | 4.070 | 3.895 | 4.009 | +0.019 |
| SEP   | 4.090 | 3.933 | 4.046 | +0.024 |
| OCT   | 4.130 | 3.965 | 4.079 | +0.031 |
| NOV   | 4.300 | 4.131 | 4.244 | +0.034 |
| DEC   | 4.480 | 4.300 | 4.409 | +0.036 |
| JAN   | 4.530 | 4.373 | 4.477 | +0.036 |
| FEB   | 4.380 | 4.380 | 4.360 | +0.036 |
| MAR   | 4.230 | 4.120 | 4.190 | +0.035 |
| APR   | 3.875 | 3.790 | 3.840 | +0.030 |
| MAY   | 3.800 | 3.730 | 3.765 | +0.030 |
| JUN   | 3.855 | 3.770 | 3.810 | +0.030 |

PHYSICAL GAS PRICES
| Gulf/Eastern Region              |       |
| Agua Dulce                       | 3.60  |
| ANR SE                           | 3.56  |
| Carthage TG                      | 3.65  |
| Chicago Citygate                 | 3.74  |
| Columbia Gulf Onshore            | 3.66  |
| Dominion TTT South(CNG S. Point) | 3.96  |
| Henry Hub                        | 3.72  |
| Houston Ship Channel             | 3.75  |
| Katy Hub                         | 3.73  |
| NGPL - Midcontinent              | 3.56  |
| NGPL STX                         | 3.60  |
| NGPL TX/OK                       | 3.64  |
| Niagara                          | 3.86  |
| Sonat Tier 1                     | 3.60  |
| TCO IPP Pool                     | 3.84  |
| Tetco ELa                        | 3.64  |
| Tetco M-3                        | 3.91  |
| Tetco STX                        | 3.57  |
| TGP Zone 0                       | 3.57  |
| TGP Zone 1                       | 3.76  |
| TGT Zone SL                      | 3.67  |
| New York Citygate                | 3.92  |
| Transco Station 65               | 3.73  |
| Transco Zone 6 (NY)              | 3.92  |
| Trunk ELa                        | 3.57  |
| Western Region                   |       |
| California Border                | 8.80  |
| El Paso Permian                  | 3.62  |
| El Paso San Juan                 | 2.60  |
| Waha Hub                         | 3.60  |
| Canadian/Rockies Region          |       |
| Nova/Aeco (in C$/GJ)             | 4.74  |
| Dawn Hub/Union                   | 3.91  |
| Northwest Stanfield              | 3.25  |
| Wyoming Pool                     | 2.60  |
| Opal                             | 2.61  |
| PGT-Malin                        | 4.30  |
| Sumas                            | 3.10  |

POWER FUTURES
| Month |   COB   | Change |   PV    | Change  |
| JUL   | 260.00  | -40.00 | 300.00  | +10.00  |
| AUG   | 300.00  | -60.00 | 340.00  | +15.00  |
| SEP   | 205.00  | -20.00 | 203.00  | +18.00  |
| OCT   | 180.00  | -25.00 | 135.00  |  +5.00  |
| NOV   | 150.00  | -35.00 |  95.00  | +10.00  |
| DEC   | 170.00  | -30.00 | 100.00  | +10.00  |
| JAN   | 145.00  | -30.00 |  70.00  |  +0.00  |
| FEB   | 130.00  | -30.00 |  60.00  |  +0.00  |
| MAR   |  85.00  | -30.00 |  60.00  |  +0.00  |
| APR   |  62.00  | -10.00 |  55.00  |  +0.00  |
| MAY   |  62.00  | -10.00 |  55.00  |  +0.00  |
| JUN   |  62.00  | -10.00 |  75.00  |  +0.00  |
| Month | Entergy | Change | Cinergy | Change  |
| JUL   |  88.00  | +0.00  |  83.00  |  +0.00  |
| AUG   |  88.00  | +0.00  |  74.00  |  +0.00  |
| SEP   |  42.00  | +0.00  |  36.00  |  +0.00  |
| OCT   |  36.00  | +0.00  |  34.50  |  +0.00  |
| NOV   |  36.00  | +0.00  |  34.50  |  +0.00  |
| DEC   |  36.00  | +0.00  |  34.50  |  +0.00  |
| JAN   |  38.00  | +0.00  |  37.00  |  +0.00  |
| FEB   |  38.00  | +0.00  |  37.00  |  +0.00  |
| MAR   |  35.50  | +0.00  |  34.50  |  +0.00  |
| APR   |  35.50  | +0.00  |  34.50  |  +0.00  |
| MAY   |  40.00  | +0.00  |  39.00  |  +0.00  |
| JUN   |  52.00  | +0.00  |  49.00  |  +0.00  |

POWER FUTURES
| Month  |  PJM  | Change |
| JUL    | 83.00 | +0.00  |
| AUG    | 73.00 | +0.00  |
| SEP    | 39.25 | +0.00  |
| OCT    | 36.00 | +0.00  |
| NOV    | 36.00 | +0.00  |
| DEC    | 36.00 | +0.00  |
| JAN    | 42.00 | +0.00  |
| FEB    | 42.00 | +0.00  |
| MAR    | 37.50 | +0.00  |
| APR    | 37.50 | +0.00  |
| MAY    | 40.50 | +0.00  |
| JUN    | 51.00 | +0.00  |

NATURAL GAS OPTIONS
|       | Closing | Days | Implied ATM |
| Month |  Price  | Left | Volatility  |
| JUL   |  3.930  |  26  |   58.54%    |
| AUG   |  4.009  |  56  |   57.42%    |
| SEP   |  4.046  |  89  |   56.97%    |
| OCT   |  4.079  | 117  |   57.48%    |
| NOV   |  4.244  | 148  |   58.46%    |
| DEC   |  4.409  | 180  |   58.44%    |

PHYSICAL POWER PRICES
|            |  High   |   Low   | Average |
|            |  $/MWh  |  $/MWh  |  $/MWh  |
| Cinergy    |  21.00  |  18.50  |  20.15  |
| ECAR       |  23.85  |  19.85  |  21.85  |
| ERCOT      |  37.00  |  39.00  |  38.00  |
| Entergy    |  27.00  |  28.50  |  28.00  |
| TVA        |  32.00  |  25.30  |  27.60  |
| ComEd      |  21.00  |  19.00  |  19.85  |
| PJM West   |  26.50  |  25.05  |  25.60  |
| Main       |  23.00  |  18.50  |  21.05  |
| MAPP       |  23.50  |  18.25  |  21.90  |
| Palo Verde | 210.02  | 175.00  | 185.00  |
| Mid C      | 165.00  | 120.00  | 142.20  |
| COB        | 165.00  | 165.00  | 165.00  |
| 4 Corners  | 185.00  | 170.00  | 178.35  |
| Mead       | 192.00  | 180.00  | 187.40  |
| NP 15      | 175.00  | 180.00  | 159.80  |
| SP 15      | 135.00  | 135.00  | 135.00  |
_______________________________________________
Go to http://www.enerfax.com for over 30 additional power stories.
_________________________________________________

Today's Power Bulletins
 * American Electric Power Takes Over Operation of Lignite Mine Producing Fuel for 645 MW Dolet Hills Power Plant in
Northwestern Louisiana
 * Enron Says a C$200 Million, 400 MW Power Plant for  Southwestern Ontario in Jeopardy Because of Provincial Government Delay on Deregulation
 * MGM Mirage in Las Vegas to Implement Energy Surcharge
 * Plug Power Names New CFO, Stock Rebounds
 * Illinois Passes $3.5 Billion Bond-Funded Program to Reinvigorate State's Coal Industry
 * Mirant Commits to Invest $3 Million in Cheng Power Systems
PG&E National Energy Group Earns
 * Final Approval to Build 1,080 MW Athens Generating Facility in New York
 * GWF Breaks Ground on 90 MW Peaking Power Plant in Hanford, California Expected to Be in Operation by September
 * PG&E Launches Campaign to Enhance Outage Preparedness
 * Tractebel to Launch Public Bid for All Ordinary Shares of GTI
 * Duke Energy to Redeem Seven Bond Issues
 * Western Spot Power Prices Rise with Weekend Risk Premium
 * Northeast Spot Power Prices Rise with Natural Gas and Weekend Risk
 * Southern Demand and Forwards Drive Midwest Spot Power Prices Up
____________________________________________________

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________________________________________________

Today's Gas Bulletins
 * Conoco Set for Major Role in Historic Saudi Natural Gas Deal
 * Baker Hughes Says US Rotary Rig Count Searching for Oil and Natural Gas Up 8 to 1,270; Canada Up 28 to 291; Gulf of Mexico Dips 7 to 158 Last Week
 * ODS-Petrodata Says Worldwide Rig Utilization Fell by 2 to 89.6% to 583 Last Week; Gulf of Mexico Down 1% to 88.7% with 189 Rigs Under Contract
 * Mobile Gas Files Petition Alabama PUC for Rate Adjustment
El Paso Tennessee Pipeline Declared
 * Quarterly Dividend of $1.03125 per Share on 8 1/4% Cumulative Preferred Stock, Series A
 * AEP Completes Purchase of Houston Pipe Line Company and Bammel Storage Facility from Enron for $727 Million
 * Williams Begins Up to 86,000 MMBtu per Day of Natural Gas Transportation Service to New Aries Power Project Near Pleasant Hill, Missouri
-------------------------
To see over 100 linked oil and gas stories ,visit page 7 of http://www.enerfaxgold.com
__________________________________________________

North American Gas Storage Conference
Storage 2001 - 2002:
Source of Stability or Chaos?
June 22, Houston

Find the answers at Ziff Energy's natural gas storage conference.  A blockbuster roster of industry leaders from the utility, trading, pipeline and storage sectors in each of the North American storage regions will present timely, relevant information you can use. This conference will assist you in making critical decisions about your natural gas storage strategy for peaking and the remaining seasonal base fill. The game has changed - storage strategy has been kicked up a notch from buying for seasonal fill to real-time risk management.

Session 1 Supply Shortage or Storage Inefficiencies: Last Winter's Saga
El Paso Corporation - Byron Wright, VP
Energy Information Administration, DOE - Jim Thompson, Industry Analyst
Keyspan Energy - David Manning, Senior VP, Corporation Affairs
Axia Energy - David Modesett, VP

Session 2 The Changing Storage Paradigm:
Dynamic Storage Service vs Seasonal Fill
AEC Storage & Hub Services Inc. - Rick Daniel, President
Williams Energy Marketing & Trading - Blake Herndon, Director, Risk Management
NiSource Inc. - T.J. Aruffo, VP Energy Supply Services
Enron North America - Paul Bieniawski, Director
Duke Energy Gas Transmission - David Nightingale, VP MHP

Session 3 Pricing it Right and Reducing Risk:
Can We Expect Stability or Chaos in Winter 2001 - 2001?
Aquila Energy - Mark Cook, VP The Exchange Center Conoco Gas and Power Marketing - Brad King, VP Storage
Sempra Energy Trading - Dan Guertin, Meteorologist

For more information or to register visit
http://www.ziffenergyconferences.com, call 1-800-853-6252,
or email us at gasconference@ziffenergy.com
________________________________________________

Natural Gas Futures Up Slightly; Cash Slips

    Natural gas futures on the NYMEX ended higher Friday on pre-weekend short-covering, but closed off its highs after failing to break above resistance at $4.00 per MMBtu. In early trading, prices slid to the lows of the day, but short-covering by trade and commercial accounts lifted prices once it became clear they would fall no further. The July contract settled up $0.016 at $3.93 per MMBtu. August rose $0.019 to $4.009 per MMBtu. With only moderate warmer weather conditions forecast, the upward price momentum was lost. Rumors that the AGA was going to revise last weeks storage report lower, sparked some buying and prompting short covering. Last week the AGA reported an injection of 99 Bcf, and the rumors suggested that number could be dropped to the mid-80s. This rumor was later reported to have been false, sparking the return to selling. Look for generally mild to warm weather conditions across most of the nation this week. California will continue to be hot this week. !
Ma!
ny traders are expecting the market to test $3.50 this week. Resistance is seen at $4.05, then $4.25; with support at $3.80, followed by $3.67. Natural gas for next day delivery across the US and Canada was generally mixed to $0.10 lower last Friday. Natural for next day delivery at the Henry hub dipped $0.04 to $3.73 per MMBtu.
________________________________________________

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_________________________________________________

Natural Gas NYMEX Volume
01JLY   42,018
01AUG    6,361
01SEP    5,955
01OCT    6,625
01NOV    2,963
01DEC    5,306
02JAN    4,856
02FEB    1,967
02MAR    2,459
02APR    1,502
02MAY    1,629
02JUN      598
02JLY      623
02AUG      575
02SEP       41
02OCT      171
02NOV      118
02DEC       87
03JAN      113
03FEB        5
03MAR       80
03APR       67
03MAY       51
03JUN        1
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_________________________________________________

California ISO Protests RTO Filing

    The California ISO has has agreed, under protest, to FERCs demand from that it file to create a RTO, while maintaining the requirement is illegal and inappropriate. The ISO faced a June 1st deadline to file a RTO plan or risk losing FERC-backed emergency price controls. The ISO claims that it is not legal or appropriate to condition price controls on anything. So far, there are 2 RTOs planned for the western US. RTO West is mostly based in the Pacific Northwest and Desert Star mainly consists of Southwest utilities. FERC would like to see just one RTO in the western region. The filing called for the ISO itself to become a third western RTO, a move that would appear to make little practical difference to the running of the agency. FERC Chairman Hebert has said it was necessary to require California to join at RTO, claiming no price relief plan could open clogged transmission systems and build new infrastructure. The FERCs price relief plan, which is only imposed during pe!
ri!
ods when the ISO has declared a power emergency, requires generators to offer available electricity in real time using a proxy price established a day ahead of actual delivery. The proxy price reflects the marginal cost of the highest-cost generator asked to supply power to the grid.
__________________________________________________

"New Horizons Solutions for the 21st Century"

An Energy Efficiency Workshop and Exposition
Kansas City, Missouri
June 3 - June 6, 2001

For more information go to http://www.energy2001.eee.doe.gov
_________________________________________________

Edison Rescue Plan May Fall Apart

    The rescue agreement between the state of California and Southern California Edison may fall apart because the PUC is not ready to implement parts of it by a June 8th deadline. Edison International says the agenda for a June 7th meeting lacks items that have to be implemented by the following day. Failure to implement those items would give either Californias DWR or SCE the right to back out of the agreement which calls for the state to buy Edison's share of the power grid for $2.76 billion. Collapse of that agreement may force SCE into bankruptcy. Shares of Edison closed up $0.17 Friday at $11.00, but have fallen 30% this year.
_________________________________________________

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To receive more information or a free demonstration, we invite you to contact us at 713-266-7771 or visit our web site at http://risk.sungard.com/energy.
________________________________________________

Democratic Senate and Bush Energy Plan on Collision Course

   The energy agenda of the new Democratic-controlled Senate is about to clash with the Bush administration on electricity price caps for California, drilling in Alaskan and  soaring gasoline prices. While President Bush favors more drilling and coal use as part of a national energy policy, many Democrats prefer increased conservation and stricter mileage standards for vehicles to save fuel. Drilling in the Arctic National Wildlife Refuge has already been declared dead by new Senate Majority Leader Daschle.. Democratic lawmakers are expected to push for higher gasoline mileage for sports utility vehicles as part of the solution. The National Academy of Sciences is due to issue a report in July on possible higher vehicle fuel standards. The administration has said it will wait for that report before deciding what to do with current fuel requirements. Currently, US autos must average 27.5 miles per gallon, but light trucks, vans and sport utility vehicles are required to avera!
ge !
20.7 miles per gallon. The US market uses about 20 million barrels per day. The biggest fight with the administration is expected to come over the issue of price caps on power sales in California. As the state prepares for rolling blackouts this summer, Senate Democrats plan to move forward with legislation requiring the Federal Energy Regulatory Commission to impose temporary price caps in western states. Senate Democratic lawmakers also plan a new probe of the energy industry's record profits.
________________________________________________

Marathon to Replace Enron

     Marathon will replace Enron in the recently formed consortium to develop a $5 billion natural gas project in Saudi Arabia. On May 18yh, Saudi Arabia awarded Enron, Occidental and ExxonMobil stakes in the Red Sea natural gas package, one of three projects on offer under the kingdom's $25 billion natural gas development opening. ExxonMobil will retain the lead role, with 60%, while both Marathon and Occidental will have 20% interests. Last month, Enron also bowed out of Dolphin Energy, which is majority owned by the government of the United Arab Emirates and beginning a $3.5 billion project to transport Qatari natural gas to the UAE.
________________________________________________

Supply Management Specialist

     Summit Energy Services, Inc., an energy management firm in Louisville, KY., seeks a Supply Management Specialist to manage the sourcing of energy supply in competitive gas and electricity markets, obtain best value rates in regulated markets, and manage suppliers. Bachelors degree, with a minimum of 3-5 years energy supply management experience, preferably with energy supply experience in both gas and electricity, or equivalent experience.  Energy industry experience should include contract/rate negotiations, a working knowledge of industry suppliers, transmission markets, pipeline/utility issues, and operations.  Management experience desired and MBA is a plus. Fax resume to  (502) 429-8333 or email tsavaiano@summitenergy.com
----------------------

Client Energy Manager
     Summit Energy Services, Inc., an energy management firm in Louisville, KY., is seeking a Client Energy Manager to manage the implementation of services for Summits clients and the ongoing delivery and reporting of these services to these clients.  Minimum requirements are a bachelors degree and 3-5 years experience in energy management, preferably with direct customer-interface either in sales or client relationship, or equivalent experience.    Energy commodity, risk management, MBA, and DSM experience a plus.Fax resume to (502) 429-8333 or email tsavaiano@summitenergy.com
________________________________________________
_______________________________________________

Mirant Leery California Power Plans

    Just days after California approved construction of a 530 MW power plant, Mirant says it does not know when it would begin to build the $275 million facility because of uncertainty about the state's energy market. Mirant is concerned about speculation among California officials that the state should impose a windfall profits tax on energy companies and seize power plants. Last week, the governor praised the plant, saying it was the 16th major generating facility licensed during his 2 years in office, bringing the overall number of new MW approved to 10,400. The plant would be built at Mirant's Contra Costa generating facility northeast of SF.
_______________________________________________

Progas Storage Services, Inc

was recently organized to offer specialized natural gas storage services to marketers and end users servicing the upper Midwest and Northeast market regions along the major transmission systems in Indiana, Illinois, Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity which will offer service along TXG, ANR, Midwestern, and is currently evaluating for purchase another 21 bcf of potential working capacity which can be serviced by these and other systems in the region. PGSMI also explores for natural gas in the Gulf Coast region through a wholly owned subsidiary. Progas intends to go public through a route of private industry offerings, and an IPO or registration. For more information on services or the company mail to: gastorage@aol.com or for AOL mail to gastorage@aol.com; web site currently under construction at: http://www.progas.net/wip.

The company's executive and administrative office is located in Abilene, Texas with storage operations in Owensboro, KY and exploration operations in Corpus Christi, TX.

Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
_____________________________________________

California Rate Freeze to Continue

     A federal bankruptcy judge let stand a state freeze on power rates charged by PG&E, blocking it from passing billions of dollars in back debt on to its customers. The decision effectively leaves the rate freeze in effect possibly through next March. PG&E says it will continue to pursue all legal challenges to this unlawful decision.
______________________________________________

TRENTON/BLACKRIVER "BOOM" IN WEST VIRGINIA

Land and Mineral Development LLC., Vienna, West Virginia, owns 85,000 acres of mineral rights in Southeastern West Virginia. The first Trenton/Blackriver production found in the state, was in a well drilled in 1962 by Tidewater Oil Company adjoining our property. We need an industry
partner. Geophysicist report and other information available.  The 85000 acres would also make a great gas storage field.

We also have another small storage field for sale near the new Trenton Wells.

Email - Driller@wirefire.com
Qualified Industry Principals only please.
This is not an offer to sell anything to anyone.

Land and Mineral Development LLC.,
P.O. Box 5370
Vienna, West Virginia, 26105
(304) 295-3333
_______________________________________________

Commodity Futures Trading Commission

NYMEX Natural Gas Futures
Reportable Positions as of 5/29/01

Open Interest: 425,205                                    10,000 MMBtu

                                                        Non-Reportable Non-Commercial          |  Commercial |     Total      |   Positions
Long  |Short |Spreading | Long| Short |  Long |  Short |  Long | Short

 4,561 28,642   15,808  363,860 350,582 384,229 395,032  40,976 30,173

Changes from 5/22/01                   Change in Open Interest:-14,612

   162 3,060   -1,296  -14,174 14,536 -15,308 -18,892     696  4,280

Percent of Open Interest for Each Category of Trader

 1.1%    6.7%     3.7%   85.6%   82.5%   90.4%    92.9%   9.6%   7.1%
_______________________________________________

CAMINUS
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SHOWCASE 2001
HOUSTON, TEXAS

You're Invited
To a four hour exposition of software and services that will set the new standard for the energy trading, scheduling, and risk management. Join us and compare your existing system with our latest product offerings.

Thursday, June 14, 2001. 3p.m. to 7p.m.
Houston Petroleum Club
800 Bell Avenue, 43rd Floor

For more information or to register on-line, visit http://www.caminus.com. You may invite up to two qualified colleagues to join you.

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___________________________________________________

EnerfactsDaily Job Center at http://www.enerfactsdaily.com

45 New Job Postings Include:
 * RISK MANAGER  * REGULATORY MANAGER
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 ___________________________________________________

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______________________________________________________

FINANCIAL SUMMARY
The TSE 300 climbed 89.10 points to 8250.90
The CRB Index rose 1.71 points to 210.71
The US Dollar decreased 0.11 points to 119.04
The Dow gained 78.47 points to 10990.41
The S&P 500 rose 4.85 points to 1260.67
The Nasdaq was up 38.95 points to 2149.44
July NYMEX Crude Oil slipped 0.44 to 27.93
Canadian-US Exchange fell .0137 to 1.5320
------------------------------
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Cara,

I tried opening your file and experienced some problems as well.  I will figure out what is causing the problem and hopefully have something for you to play with first thing tomorrow.  I may have to go ahead an make the changes required to fix the saving/loading that I described in my previous email.

I apologize for the inconvenience.

Will

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Monday, June 18, 2001 5:19 PM
To:	Smith, Will; Luu, Duong
Subject:	Testing Preschedule Workspace

Good Afternoon,

I have been unable to sucessfully test the Preschedule workspace, here are the problems I have run up against:

In the special Terminal server that Will sent me,  I was unable to copy from Excel and paste into the app

In the local system, I was able to copy from Excel and Paste into the app, but it would not allow me to save any data.  The app saved itself as a file, but none of my data were preserved in it. Here is the saved app file that was created.

 << File: MAY_O2_PV.psc >>

Both locally and in Terminal server, I was unable to close the app.  I had to use the task manager and end task to get me out of the Preschedule workspace viewer.  I did get numerous dialog boxes with various errors, but did not log them all. I can do that if you wish.

I have a set of data re-designed to match the columns of the app, here is the data for May 2.  This will be the approximate size of the sheet if monthly deals are required to be included.

 << File: may2pvhlhdata.xls >>
Please let me know what I can do to begin testing again,  I am very anxious to get started.

Cara


Jeff,

Please, take a look at the resume I got from my friend.

Vince

P.S. what follows is a copy of his message to me:

Dear Vincent,

I very much would like to ask you for a career advice. I am looking for new
challenges and new professional opportunities. Possibly there would be such
opportunity around yourself  at Enron Corporation.

I trust that my strongest asset is my intellectual capital and ability to
look from new angles into complex issues. Beside of the experience of
working under Jacob Goldfield an Paul Jacobson at Goldman on the interest
rate swaps and proprietary desks, I was a part of research effort of John
Meriwether group at Salomon Brothers, I headed the European interest options
desk at DKBI in London and I have managed a small hedge fund in partnership
with Albert Friedberg.

 I hold Ph.D. in mathematics from MIT and I have studied under Nobel
Laureate in Economics, Bob Merton.

I very much would like to apply my knowledge of capital markets, trading and
research in the field of energy markets.

With my very best regards and personal wishes,

Mark Kierlanczyk
Godel Partners LLC
67 Wall Street, Suite 1901
New York, NY 10005
Tel 212 943 5300
mkierlanczyk@fmginy.com


Karen,

Could we have the option of using a letter of credit versus a corporate
guaranty? (8)

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 09/21/2000 05:15:36 PM
To: "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>, "'kay.mann@enron.com'"
<kay.mann@enron.com>
cc: "Gershon, Mark A. - CHI" <Mark.Gershon@piperrudnick.com>

Subject: livingston county proposed conditions to special use

Following are the proposed conditions to special use which we will be
submitting to the County for their review and attachment to the final zoning
approvals.  Please review and discuss any comments with me or Mark Gershon.

PROPOSED CONDITIONS TO SPECIAL USE
FOR
LIVINGSTON ENERGY CENTER (the "Facility")
TITAN LAND DEVELOPMENT CO., L.L.C. ("Titan")
SOUTHEAST INTERSECTION OF 1400 N. AND 1700 E. ROADS (the "Property")

1.   The operation of the Facility shall satisfy all Illinois
Environmental Protection Agency noise pollution requirements.

2.   Titan shall enter into a roadway agreement with the County and
Township Highway Commissioners which assigns responsibility for repair of,
maintenance of, and debris removal on Township and County roadways during
construction of the Facility.

3.   Contingent upon all property owners' written approval being secured,
Titan shall have installed at most four monitoring wells on at most four
properties within one and one-half miles surrounding the Property.  One
monitoring well each shall be installed on a property to the north, south,
east, and west.  Titan shall monitor well levels on each of the properties
on a quarterly basis and shall make such monitoring information available to
the County Engineer at his request for five years following issuance of the
final Certificate of Occupancy.  If no adverse impact due to the operation
of the Facility is found during the first five year monitoring period, then
Titan shall monitor well levels for each of the properties two (2) times per
year and shall make such monitoring information available to the County
Engineer upon his request for the life of the Facility.

4.   The maximum number of power generating units shall be limited to a
maximum of ten (10).

5.   Titan shall have repaired or replaced any drainage tile broken on
the Property during construction and operation of the Facility that would
adversely impact any surrounding property owner.

6.   The site plan for the Facility shall allow no greater than forty
percent (40%) of the site's total acreage to be developed with
non-landscaped areas, open space, or agricultural uses

7.   Upon permanent cessation of use of the Facility as an electric
generation facility, Titan shall remove all above ground buildings,
equipment, footings, appurtenances and structures, including accessory
buildings and equipment.

8.   Titan shall make those stormwater improvements identified on the
attached Stormwater Management Plan.  Additionally, a) upon adoption by
Pontiac Township and Eppards Point Township of the Area-wide Stormwater
Management study prepared by Farnsworth & Wylie (the "Study") for the
Property and the surrounding area and b) upon written agreement to proceed
with the stormwater management improvements identified in the Study by those
property owners whose properties are identified by the Study as requiring
stormwater management improvements, Titan shall commit to make those
stormwater management improvements identified in the Study for the Property.
Titan shall provide a corporate guaranty to the County in the amount of
fifty-five thousand dollars ($55,000) with a C.P.I. as security for making
those stormwater management improvements identified in the Study for the
Property.  Titan shall construct such improvements contemporaneously with
other such improvements being completed in the Study area.

9.   Construction of each phase of the Facility from initiation to
completion is estimated to require from six (6) to twelve (12) months
subject to weather constraints, acts of God, materials availability, strikes
and other labor issues, changes in regulations affecting development and
construction, and other constraints not within the control of Titan.  Within
twelve months following issuance of the final Certificate of Occupancy all
improvements shall be completed and all construction equipment and trailers
shall be removed.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The e-mail address and domain name of the sender changed on November 1,
1999.  Please update your records.

The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


Great follow through!  Thanks for managing the doorstep process in Mexico so
that Max and his team saw that as a plus for them.  Perfect approach and
outcome.  --Sally

From: Beth Apollo/ENRON@enronXgate on 03/09/2001 08:31 AM
To: Max Yzaguirre/NA/Enron@ENRON
cc: Sally Beck/HOU/ECT@ECT
Subject: FW: Gordon Heaney's Acceptance

Max - Hi there, sounded like (from Jaime) you guys have had a busy week with
various government officials.  I hope the result was good.

We all had a really helpful meeting here in Houston with those guys, and I
just wanted to let you know that we have found a person to focus time on
Mexico and work with Jaime and Agustin.  He is bi-lingual and very excited
about the prospect.  We expect him to be proactive and help out quite a bit
with setting up the new Mexico trading legal entity.   I have no doubt that
this will fix most of the little issues that we discussed.

We also assigned someone to come to Monterrey to set up Jaime and Agustin
with system access where appropriate, and especially access to Livelink, our
automated contract viewing system.  This should facilitate access to all
Mexico contracts online (originals kept in Houston), and there should be no
need to keep hard copies in Mexico.

Please let me know if you see any other areas where Energy Ops can help, or
should be more involved.

Beth
 -----Original Message-----
From:  Theriot, Kim
Sent: Thursday, March 08, 2001 5:30 PM
To: Perez, Agustin; Williams, Jaime
Cc: Beth Apollo/HOU/ECT@ENRON; Heaney, Gordon
Subject: Gordon Heaney's Acceptance

Augustin/Jaime,

I just wanted to let you know that Gordon has accepted our offer to take on
the new position supporting your trading organization.  He is very excited
and looks forward to working with you both.

We are going to work on a transition period for him.  He is currently
finishing a project on Paper and Pulp settlements to automate those
processes.  He would like to finish this process before he takes on his new
assignment full time.  He anticipates the completion of the automation to be
within the next few weeks.  In the meantime we will work on having him
cross-train for his new responsibilities.

Please let me know of any questions that you have.

Kim Theriot
713-853-1771


Hi Chelsea,

How is it going.  I'm sure you are doing a fine job with the kids

Love

Dad


Jeff & Jean,
here's the contact info I obtained for Laura Doll:
California Consumer Power and Conservation Financing Authority
Sherri Herlinger
Executive Assistant
901 P Street
Sacramento, California 95814
Phone: (916) 651 9750
Fax: (916) 651 9595
      website URL:  http://www.capowerauthority.ca.gov/Contact/main.asp

Joseph Alamo
Sr. Administrative Assistant
Global Government Affairs
ph. (415) 782-7841
fax (415) 782-7854
e-mail: joseph.alamo@enron.com

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Wednesday, October 10, 2001 3:47 PM
To:	Ryall, Jean
Cc:	Alamo, Joseph
Subject:	Ms Doll's Number

Jean:  We're on the job, trying to get the number.  It's a little tricky, though (you know how newly-created bureaucracies can be).  We'll get back to you soon as we have something.

Best,
Jeff


---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/10/2000
02:31 PM ---------------------------

Jim Little
05/03/2000 09:24 AM
To: Troy Klussmann/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Diane H
Cook/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT,
Cathy De La Torre/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Melba A
Bowen/HOU/ECT@ECT, Mary Theresa Franklin/HOU/ECT@ECT, Wade R
Price/HOU/ECT@ECT, David Oliver/HOU/ECT@ECT, Carrie Hollomon/HOU/ECT@ECT,
Janie Gallegos/HOU/ECT@ECT, Gregory A Mausser/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Elizabeth L
Hernandez/HOU/ECT@ECT, Cathy Sprowls/HOU/ECT@ECT
cc:
Subject: April Physical Liquidations


Have you heard anything on the sitara issues?

Thanks,

Eric
---------------------- Forwarded by Eric Bass/HOU/ECT on 03/21/2000 11:50 AM
---------------------------

	Enron North America Corp.

	From:  Brenda F Herod                           03/21/2000 11:41 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: 5 x 24 transactions

Can you help me out here?  I don't have the details in the attached E-mail.
So I need to understand what the product is so that we can determine the
"back office" issues.  Apparently, time frame is short.  So I appreciate the
info ASAP.  Thanks.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 03/21/2000
11:40 AM ---------------------------

Edward D Gottlob
03/21/2000 10:01 AM
To: Brenda F Herod/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT
cc: Lauri A Allen/HOU/ECT@ECT
Subject: 5 x 24 transactions

Brenda, can you get someone to work through the issues the back office may
have.  I would like to get this product up and running before the end of
April.  EDG
---------------------- Forwarded by Edward D Gottlob/HOU/ECT on 03/21/2000
10:00 AM ---------------------------

	Enron North America Corp.

	From:  Eric Bass                           03/20/2000 07:58 AM

To: Edward D Gottlob/HOU/ECT@ECT
cc:
Subject: 5 x 24 transactions

FYI.  There might be some back office issues with this.
---------------------- Forwarded by Eric Bass/HOU/ECT on 03/20/2000 07:57 AM
---------------------------

Dale Neuner on 03/16/2000 04:25:45 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: 5 x 24 transactions

My peice of this, the language component, is easy to do. The trouble comes in
with logistics. We need to check with the Sitara Group to see if this is
feasible. In the OTC world it's a lay-up because you can enter the different
legs into the system and skip the weekends. The issue re: doing this on EOL
is the ability of the system NOT TO NOMINATE on certain dates.

Scott Mills is out on vacation until Monday and he's the man I have to see. I
will follow up with him next week.

Dale
3-9746


----- Forwarded by Steven J Kean/NA/Enron on 02/22/2001 03:46 PM -----

	Tara Rafter
	02/20/2001 06:08 PM

		 To: Daniel Allegretti/NA/Enron@Enron, Joe Allen/NA/Enron@Enron, Scott
Bolton/Enron Communications@Enron Communications, Stacey
Bolton/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Hap Boyd/EWC/Enron@Enron, Rob
Bradley/Corp/Enron@ENRON, Jeff Brown/NA/Enron@Enron, Margaret
Carson/Corp/Enron@ENRON, Wiley Cauthen/GCO/Enron@ENRON, Tom
Chapman/HOU/ECT@ECT, Carolyn Cooney/Corp/Enron@ENRON, Shelley
Corman/Enron@EnronXGate, Jeff Dasovich/NA/Enron@Enron, Tom
Delaney/Corp/Enron@ENRON, Linda Fitzgerrell/GCO/Enron@ENRON, Howard
Fromer/NA/Enron@Enron, Janel Guerrero/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Hartsoe/Corp/Enron@ENRON, Nancy Hetrick/NA/Enron@Enron, Jean
Ryall/NA/Enron@ENRON, Aleck Dadson/TOR/ECT@ECT, Robert Hemstock/CAL/ECT@ECT,
Alberto Levy/SA/Enron@Enron, Ron McNamara/NA/Enron@Enron, Mike
Roan/ENRON@enronXgate, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Steve Walton/HOU/ECT@ECT, Ricardo Charvel/NA/Enron@Enron, Kikumi
Kishigami/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Stella
Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vinio Floris/Corp/Enron@Enron, Xi
Xi/Enron Communications@Enron Communications, Tracy Cooper/Enron
Communications@Enron Communications, Dan Staines/HOU/ECT@ECT, Kathleen
Sullivan/NA/Enron@ENRON, Kerry Stroup/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Marcie Milner/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Allison Navin/Corp/Enron@ENRON, Lora
Sullivan/Corp/Enron@ENRON, Stephen D Burns/Corp/Enron@ENRON, Tom
Briggs/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patrick Keene/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Joe Hillings/Corp/Enron@ENRON, Tom
Hoatson/NA/Enron@Enron, Stan Horton/Houston/Eott@Eott, Barbara A
Hueter/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Paul
Kaufman/PDX/ECT@ECT, Steven J Kean/NA/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Robin Kittel/NA/Enron@Enron, Susan M
Landwehr/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Donald
Lassere/NA/Enron@Enron, Lara Leibman/NA/Enron@Enron, Rochelle
Lessner/ENRON@enronxgate, Chris Long/Corp/Enron@ENRON, Dave
Mangskau/Corp/Enron@ENRON, Kathleen E Magruder/HOU/EES@EES, Susan J
Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Becky L
Merola/TNPC/EES@EES, Janine Migden/NA/Enron@Enron, FRED
MILLER/ENRON@enronxgate, Mary Kay Miller/ET&S/Enron@ENRON, Steve
Montovano/NA/Enron@Enron, Bill Moore/NA/Enron@Enron, Sue Nord/NA/Enron@Enron,
Christi L Nicolay/HOU/ECT@ECT, Lou L Pai/HOU/EES@EES, Sarah
Novosel/Corp/Enron@ENRON, Christie Patrick/HOU/ECT@ECT, Mona L
Petrochko/NA/Enron@Enron, Scott Reblitz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Marchris Robinson/NA/Enron@Enron, Thomas S Reichelderfer/DUB/EES@EES, Fred
Rimington/NPNG/Enron@ENRON, Frank Rishe/NA/Enron@Enron, Cynthia
Sandherr/Corp/Enron@ENRON, Gavin Russo/Corp/Enron@ENRON, Dave
Schafer/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Tom
Shelton/HOU/ECT@ECT, Richard Shepherd/NPNG/Enron@ENRON, Jeff
Skilling/Corp/Enron@ENRON, Lon Stanton/ET&S/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Michael Terraso/OTS/Enron@ENRON, Henry
Van/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen Wagner/NA/Enron@Enron,
Susan Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Charles Yeung/HOU/ECT@ECT,
Robert Wilson/ENRON@enronXgate, Lisa Yoho/NA/Enron@Enron
		 cc: James Sandt/LON/ECT@ECT
		 Subject: 2000 Lobbying Expenses

Please provide your assistance in completing the attached questionnaire
relating to 2000 lobbying activities.  I would like to receive all completed
questionnaires on or before March 9, 2001.  If you have any questions, please
feel free to contact me at 713-345-8362.  Thanks so much for your help.

Tara Rafter
Director
Enron Corp. Tax Planning


>
> After much careful research it has been discovered that the artist Vincent
> Van Gogh had many relatives. Among them were:
>
> His obnoxious brother...............................Please Gogh
>
> His dizzy aunt .....................................Verti Gogh
>
> The brother who ate prunes.........................Gotta Gogh
>
> The brother who worked at a convenience store.......Stopn Gogh
>
> The grandfather from Yugoslavia.....................U Gogh
>
> The brother who bleached his clothes white..........Hue Gogh
>
> The cousin from Illinois............................Chica Gogh
>
> His magician uncle..................................Wherediddy Gogh
>
> His Mexican cousin..................................Amee Gogh
>
> The Mexican cousin's American half brother..........Grin Gogh
>
> The nephew who drove a stage coach.................Wellsfar Gogh
>
> The constipated uncle ...............................Cant Gogh
>
> The ballroom dancing aunt...........................Tan Gogh
>
> The bird lover uncle...............................Flamin Gogh
>
> His nephew psychoanalyst............................E Gogh
>
> The fruit loving cousin.............................Man Gogh
>
> An aunt who taught positive thinking................Wayto Gogh
>
> The little bouncy nephew..........................Poe Gogh
>
> A sister who loved disco...........................Go Gogh
>
> His Italian uncle..................................Day Gogh
>
>
> And his niece who travels the country in a van......Winnie Bay Gogh
>
> See you later!
>
> Gotta Gogh
>
>
>
>
>
>


Never mind.  Lee sent it.

Kay Mann
04/04/2001 02:40 PM
To: lee.johnson@ss.ps.ge.com, Stephen Thome/HOU/ECT@ECT
cc:

Subject: AIP

Hi there,

Could someone email me the latest version of the AIP?

Thanks,

Kay


I will be participating in Enron,s Executive Impact and Influence Program on
May 10-11, 2000.  Prior to attending the program, each participant is asked
to gather input on individual management styles and practices from his/her
immediate manager, each direct report, and up to eight peers/colleagues.

I value your input and have asked Keilty, Goldsmith & Company to send you a
feedback packet to provide feedback about my management practices.  Your
answers will be kept confidential, so please be candid and honest.  Based on
your input ) combined with the input of others ) I will develop an action
plan to improve.

When you receive your packet, it is important that you adhere to the deadline
date indicated.  If you have any questions about the program, what feedback
is expected, or how the feedback will be used, please contact Susan Lewis
(713-853-9712) or Dick Amabile (713-853-3972) at Enron Corp.

I appreciate your input.

Regards,

Fernley


Martha,

I'm sorry you had to miss lunch today.  Frank also brought Mark Pickering (they worked together at EBS).  Frank and Mark are working on business development for Plains.  He very much wants to catch up with you, I told him you would give him a call.

His office number is 713 739-6715  (if 739 doesn't work, try 729, the voice mail was fuzzy).  His cell phone is 713 503-9027 (I know this number is correct).

Please give him a call.  He is very happy in his new role.  My lunch with him today did remind me of the "good ole days" you and I had with him.

Give me a shout when you get back into the office.

Thanks, Kim

P.S.  We moved up to 39 last weekend.  I finally went through all my boxes from the office you and I shared on 41.  Some of the stuff was yours, so I packed you one box and put it on your desk.  (Sorry.......)  Call me.

-----Original Message-----
From: Janousek, Martha
Sent: Wednesday, March 20, 2002 9:45 AM
To: Watson, Kimberly
Subject: Lunch today with Frank
Importance: High

Kim - I cannot make lunch today with you and Frank.   My husband scheduled a meeting with our financial guy over the noon hour, unaware that I had this planned.    I am OK for you two to go to lunch but I would like to call Frank.  Do you have his number?  Where does he work now?

My apologies for the late notice .....  your friend, Martha


Ok -->  Have a great weekend..

Craig

On Fri, 24 August 2001, Jeffrey.A.Shankman@enron.com wrote:

>
> He's out today.  I'll catch up with you next week.
>
> Jeff
>
>     -----Original Message-----
>    From:   craigjefferies@ckbenergy.com@ENRON
>              [mailto:IMCEANOTES-craigjefferies+40ckbenergy+2Ecom+40ENRON@ENRON.com]
>
>
>    Sent:   Friday, August 24, 2001 10:53 AM
>    To:     Shankman, Jeffrey A.
>    Subject:  RE: Options Trader - Gas (Constellation)
>
>    Jeff:
>
>    This applicant as I said would consider both the Nymex or a move to
>    Houston.   Any news from your deputy managers about a possible fit?
>
>    Regards,
>
>    Craig Jefferies
>    President
>    CKB Energy, Inc.
>    (917) 445 1189
>
>
>
>    >
>    > I'd like to talk to him.  Jeff
>    >
>    >     -----Original Message-----
>    >    From:   craigjefferies@ckbenergy.com@ENRON
>    >
>    [mailto:IMCEANOTES-craigjefferies+40ckbenergy+2Ecom+40ENRON@ENRON.com]
>    >
>    >
>    >    Sent:   Wednesday, August 22, 2001 1:01 PM
>    >    To:     Shankman, Jeffrey A.
>    >    Subject:  Options Trader - Gas (Constellation)
>    >
>    >    Jeff:
>    >
>    >    I was a sincere pleasure speaking to you today and I hope that I
>    can
>    >    help you find some good people.
>    >
>    >    As we discussed, please find attached a very good options trader
>    that
>    >    would consider a move to Houston.  He is very sharp and could be a
>    real
>    >    asset to your group.
>    >
>    >    Please advise if you would like to schedule an interview. Note: He
>    is
>    >    only trading a VAR of $500-600K and could do a lot more.
>    >
>    >    Regards,
>    >
>    >    Craig Jefferies
>    >    President
>    >    CKB Energy, Inc.
>    >    (917) 445 1189
>    >
>    >
>    >
>    >     - scottschwartz1.doc << File: scottschwartz1.doc >>
>    >
>    >
>    >
>    > **********************************************************************
>    > This e-mail is the property of Enron Corp. and/or its relevant
>    affiliate and may contain confidential and privileged material for the
>    sole use of the intended recipient (s). Any review, use, distribution or
>    disclosure by others is strictly prohibited. If you are not the intended
>    recipient (or authorized to receive for the recipient), please contact
>    the sender or reply to Enron Corp. at
>    enron.messaging.administration@enron.com and delete all copies of the
>    message. This e-mail (and any attachments hereto) are not intended to be
>    an offer (or an acceptance) and do not create or evidence a binding and
>    enforceable contract between Enron Corp. (or any of its affiliates) and
>    the intended recipient or any other party, and may not be relied on by
>    anyone as the basis of a contract by estoppel or otherwise. Thank you.
>    > **********************************************************************


Riordan edges out Davis in Field Poll: A survey finds lingering damage from the governor's handling of the energy crisis.
By Amy Chance
Bee Political Editor
(Published Sept. 26, 2001)
Gov. Gray Davis survived the summer without the widespread power blackouts his opponents predicted, but voters remained dissatisfied with his job performance and disinclined to re-elect him, a Field Poll released Tuesday found.
The poll showed Davis narrowly behind in a trial general election matchup against former Los Angeles Mayor Richard Riordan, 45 percent to 42 percent.
Riordan's strength in Los Angeles County -- rare for a Republican candidate -- as well as lingering damage to Davis from California's energy crisis were factors in the findings, said the poll's managing director, Mark DiCamillo.
"It's an interesting situation for a sitting governor," he said. "It's very unusual for a sitting governor to be denied re-election, but here we have a unique candidate coming out of a Democratic stronghold. And also we have this issue that is kind of hanging around the neck of the governor that the public is not very pleased about, and that's the energy and the electricity crisis."
In a hypothetical Republican primary, Riordan led by a large margin over Secretary of State Bill Jones, 46 percent to 19 percent. Businessman Bill Simon trailed with 5 percent of the vote, while 30 percent was undecided.
The poll surveyed 1,003 Californians, including 722 registered voters, Sept. 7-10 and is subject to an overall error margin of 3.2 percent.
Davis political adviser Garry South said reporting poll results taken before the Sept. 11 terrorist attacks on the East Coast was "horribly misleading."
"These kinds of watershed events that shake the national psyche always have an effect on job approval," he said. "These kinds of things have effects on the way people feel about incumbents in general."
DiCamillo said he found it notable, however, that views of Davis' performance continued to lag even as voters worried less about the electricity crisis.
In May, at the peak of concern about potential power blackouts, voters said they disapproved of Davis' performance, 49 percent to 42 percent. In the latest survey, they continued to disapprove, 47 percent to 41 percent.
Voters also said they were not inclined to re-elect Davis, 50 percent to 43 percent.
"Now we're in a situation where the energy crisis mentality has receded, yet the public's image of the governor has not changed," DiCamillo said. "He has not benefited from the easing of public concern about the issue and is in the same situation that he found himself back in May.
"No matter what the political temper of the times internationally, there will be issues that are particular to the governor's race. This issue is what the public has focused their attention on in evaluating Davis, and it's still negative."
DiCamillo said he also was struck by the fact that the poll found Riordan leading among voters in Los Angeles County, 47 percent to 43 percent. He said the survey showed similar results in May. Los Angeles County accounts for one-quarter of the state's electorate, and Democrats typically carry it and the Bay Area by large margins, making up for losses in virtually every other area of the state.
Riordan adviser Dan Schnur said the numbers pose a strategic difficulty for Davis.
"It's clear from this poll result that the voters who know Dick Riordan best support him most," he said. "Unless Gray Davis plans on winning the Bay Area by a voice vote, there's no way he can get re-elected unless he turns L.A. County around in a very big way."
South said Riordan, who held a nonpartisan office in Los Angeles, will fare far differently in a statewide partisan contest. And he recalled that then-Gov. Pete Wilson was trailing Democrat Kathleen Brown by 23 points as he prepared in 1993 for re-election.
"We all know how that turned out," he said. "A sitting California governor hasn't been defeated for a second term since 1942."
The Bee's Amy Chance can be reached at (916) 326-5535 or achance@sacbee.com <mailto:achance@sacbee.com>.


July is currently wide open.

Thanks,
Jonathan

-----Original Message-----
From: Y'Barbo, Paul
Sent: Wednesday, May 23, 2001 3:44 PM
To: Whitehead, Jonathan; Perry, Wayne; Masters, Dan
Subject: RE: Oman LNG Visit

Oman LNG has decided that 2nd week of July works better for them. Please advise me regarding your availability during that time.

Tenatively, the agenda would be:

Dabhol Update
Dabhol Implementation Procedures
Visit to CMS Terminal
Spot Cargoes Remaining in 2001
Spot Cargoes in 2002 and Beyond

Please suggest other topics.

Paul

-----Original Message-----
From: Whitehead, Jonathan
Sent: Wednesday, May 23, 2001 7:33 AM
To: Y'Barbo, Paul; Perry, Wayne; Masters, Dan
Subject: RE: Oman LNG Visit

I am currently planning to be in Europe for most of that time, although I might be back in Houston. I should know in the next few days. Are the Omani's going to be here in Houston for the whole of that period?

Thanks,
Jonathan

-----Original Message-----
From: Y'Barbo, Paul
Sent: Tue 5/22/2001 8:01 PM
To: Perry, Wayne; Whitehead, Jonathan; Masters, Dan
Cc:
Subject: Oman LNG Visit

How do your calendars look June 7-15 for meeting with the guys from OLNG? They are interested in a visit to CMS. Possibly they could be there for the Hoegh Galleon unloading.

Please let me know your date preferences and the names of anyone else that should attend the meetings.

Paul


<<HR 4541 side-by-side final 8-31-00.doc>>  <<CONGRESSIONAL COVER
LETTER.doc>>  <<distribution list.doc>>

Attached please find the finalized version of the CEA Legal Certainty
side-by-side analysis that was sent out today.  This is the side-by-side
comparison that Don and I discussed with many of you yesterday.

In addition, please find a copy of the cover letter accompanying the
side-by-side that was sent by the Coalition's representatives Mary Whalen
and George Baker (House version only attached; appropriately modified
versions for Senate and Agency recipients have been prepared by the
Coalition also but are not included).

If you should have any questions, please do not hesitate to call.

 <<HR 4541 side-by-side final 8-31-00.doc>>  <<CONGRESSIONAL COVER
LETTER.doc>>  <<distribution list.doc>>

 - HR 4541 side-by-side final 8-31-00.doc
 - CONGRESSIONAL COVER LETTER.doc
 - distribution list.doc


Kind of makes you wonder!

-----Original Message-----
From: Suzanne.M.Bennett@dynegy.com [mailto:Suzanne.M.Bennett@dynegy.com]
Sent: Friday, April 20, 2001 10:15 AM
To: bswaldrop@aol.com; melissa@thesligroup.com
Subject: Fortune cookie

considering our conversation last night about China, I thought you'd
appreciate..........ha ha ha! just don't ask about what you are eating!

---------------------- Forwarded by Suzanne M Bennett/HOU/Dynegy on
04/20/2001 10:13 AM ---------------------------
(See attached file: fortune.jpg)

?
 - fortune.jpg


Here's the latest.  Recent efforts have focused on clarifying the "who, what, how, when, why and where's" of the project.  Please direct your feedback to me.

Thanks,

Fred
5-9323


Scott,

Your name was given to me as the Representative for Alok Garg, he is being
promoted from an Associate to a Manager, per Boris Brevnov. If you need
further information please call me at 5-8162.

Thank you

Elisa Tamez


kimberly,

please take care of this.

	From:  Chris Germany                           02/22/2001 11:12 AM

To: Scott Neal/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT
cc:
Subject: Computer problems

I keep getting "insufficient memory" messages on my computer.  And that's
without running Dynegy Direct.

The IT guy said I need one of the following
1.  New super duper computer
2.  More memory, my computer has 128meg of ram
3.  Run my applications on 2 cmputers like mine instead of one.


I do not suck at writing e-mails. You just can't appreciate the sense of
humor one develops in my line of work. It's borderline madness. I should be
home all night but do call first  in case I'm outside working in the garden.


Hi All,

If a change is needed to the ERMS shortname field in GCP, please forward your request to Cheryl Johnson.  Cheryl must coordinate these changes with ERMS IT.

Bernice

 -----Original Message-----
From: 	Khyrullah, Lamya
Sent:	Tuesday, November 06, 2001 2:57 PM
To:	Hare, Bill D.; Coleman, Tandra; Rodriguez, Bernice; Machado, Matilda; Schott, Samuel; Johnson, Cheryl; Hunter-Lindsay, Brian
Cc:	Chitradurga, Sundar
Subject:	ERMS Problem
Importance:	High

Hi All,

We are having some problems in ERMS as sometimes a user inserts ERMS code twice by entering an expiry dt for the old one.
This is  creating a problem in credit as they are getting 2 erms code for a single cp.
Thus I would like to change the validation where only one ERMS code can be entered .
Please let me know this by tomm.

Thanks
Lamya
x54188


---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 04/18/2000
02:33 PM ---------------------------

"Andy Katz" <AKatz@eei.org> on 04/10/2000 08:03:58 AM
Please respond to "Wholesale Electric Contract Standardization Group"
<contract@ls.eei.org>
To: "Wholesale Electric Contract Standardization Group" <contract@ls.eei.org>
cc:  (bcc: Elizabeth Sager/HOU/ECT)
Subject: Master Contract Available in Word Format

The latest version of the EEI-NEM Master Contract now can be downloaded from
EEI's website at  http://www.eei.org/issues/contract/.  We only ask that a
short registration form be filled out first so that we can better serve the
community interested in using the contract.  We are making the contract
freely available, multiple copies may be made, our only restriction is that
the contract not be resold.  We also request that attribution to EEI and NEM
be given in all copies of the contract.

Our intention is to use the EEI website and listserver as tools to help
promote dissemination and use of the contract.  For instance, we could make a
listing of companies using the contract on the website.  Also, we are
considering posting on a periodic basis responses to requests for
clarification or interpretation of the contract terms that would be of
interest to the user community.  Please let me know if there are other
enhancements that you would find helpful

Regards,

Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C.  20004
Voice:  202-508-5616
Fax:     202-508-5673
e-mail:  akatz@eei.org

 - Andy Katz.vcf


Enjoy the time off!  Just let us know when that week comes who your in charge
person will be.  --Sally

	Enron North America Corp.

	From:  Michael E Moscoso                           06/20/2000 09:59 AM

To: Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron
cc:
Subject: Vacation

I would like to request vacation the week of July 17 - July 21.

Thanks,
Mike


yes, i've been in it for a month, and will have you guys over soon.

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

Jeff,

Thanks for inviting me to be in the Round Table.  I think it'll be a
success.  I'm able to make it to dinner tomorrow night for the Tiger Team
deal.

Fletch

p.s.  did you close on your house yet?


FYI

 -----Original Message-----
From: 	Brownfeld, Gail
Sent:	Tuesday, October 30, 2001 11:11 AM
To:	Derrick Jr., James; Haedicke, Mark E.
Cc:	Walls Jr., Rob; Sanders, Richard B.
Subject:	Sempra v. Enron

	In September I sent you all a summary of the facts at issue in the above-referenced lawsuit. Since that time, several developments have occurred.  First, the trial date was moved from October 11, 2001 to November 13, 2001.  We have no reason to believe that we will not go to trial on the 13th.  We expect the trial to last from 10 days to 2 weeks. Judge Ira Gammerman will try the case. There is no jury.
	The second development deals with the proposed summary judgment motions mentioned in my last e-mail.  Summary judgments on liability and damages have been filed and the plaintiffs have responded.  We have filed replies to their opposition papers.  In addition, the plaintiffs filed a cross-motion for summary judgment as to liability.  We filed opposition papers to this motion.  New York practice differs somewhat from Texas practice to the extent that we have no firm date for a hearing on these motions.  Although we are attempting to get a hearing before the trial date, the judge has complete discretion as to whether to hear the parties' motions for summary judgment before the start of trial.
	The third development relates to the plaintiffs' theory of the case. It seems clear from the papers filed in response to our motions for summary judgment that the plaintiffs are fine-tuning their case to focus on the contracts' size distribution requirement arguing that the type of coal supplied by Enron, whether crushed or not, could never meet the contracts' size distribution requirement. The plaintiffs make this argument in simple terms and, when argued as such, it has some appeal. However, it is Enron's position that the contracts' language is ambiguous and the better (and much more complicated) approach advanced by the defendants is that the subject coal could and would have met the size distribution requirements. Issues of whether the contracts are installment contracts also play heavily in this analysis.
	Fourth, since the last e-mail on this matter, we have learned that the plaintiffs are seeking $71 million in damages from Enron. This is approximately half of the amount of the contracts' damage cap.
	Lastly, we finally received a response from the plaintiffs to the settlement proposal we made in June. The plaintiffs have offered to resolve this matter for a cash payment by Enron of $45 million. In the alternative, the plaintiffs have proposed a business alternative which is currently being investigated. Additionally, there is some discussion of mediation in the limited time remaining before trial.
	Should you have any questions about this case or should you need any further information, please call me.


REALLY PEOPLE....THIS  IS ME.....
Subject:     Martha  Stewart vs Me
> > >   Martha's way  #1: Stuff a miniature marshmallow in the bottom of a
> sugar cone to  prevent ice cream drips.
> > >  My way: Just suck the ice  cream out of the bottom of the cone, for
> > >  Pete's sake,  you are probably lying on the couch with your feet up
> > >   eating it anyway.
> > >  *****
> > >   Martha's way #2: Use a meat baster to "squeeze" your pancake batter
>  > >  onto the hot griddle and you'll get perfectly shaped  pancakes
> > > every time.
> > > My way: Buy the  precooked kind you nuke in the microwave for 30
> seconds.
> >  > The hard part is getting them out of the plastic bag.
> >  >  *****
> > >  Martha's way #3: To keep potatoes  from budding, place an apple in
the
> > >  bag with the  potatoes.
> > >  My way: Buy Hungry Jack mashed potato mix  and keep it in the pantry
> for
> > >  up to a  year.
> > >  *****
> > >  Martha's way #4:  To prevent egg shells from cracking, add a pinch of
> > >   salt to the water before hard boiling.
> > >  My way: Who  cares if they crack, aren't you going to take the shells
> off
>  > >  anyway?
> > >  *****
> > >   Martha's way #5: To get the most juice out of fresh lemons, bring
>  them
> > >  to room temperature and roll them under your palm  against the
kitchen
> > >  counter before  squeezing.
> > >  My way: Sleep with the lemons in between  the mattress and box
> > >  springs.
> > >   *****
> > >  Martha's way #6: To easily remove burnt-on food  from your skillet,
> > >  simply add a drop or two of dish  soap and enough water to cover
> bottom
> > >  of pan,  and bring to a boil on stovetop.
> > >  My way: Eat at  Chili's every night and avoid cooking.
> > >  *****
>  > >  Martha's way #7: Spray your Tupperware with nonstick cooking  spray
> > >  before pouring in tomato based sauces and there  won't be any stains.
> > >  My way: Feed your garbage  disposal and there won't be any leftovers.
> > >   *****
> > >  Martha's way #8: When a cake recipe calls for  flouring the baking
> pan,
> > >  use a bit of the dry  cake mix instead and there won't be any white
> mess
> >  >  on the outside of the cake.
> > >  My way: Go to  the bakery. They'll even decorate it for you.
> > >   *****
> > >  Martha's way #9: If you accidentally over salt a  dish while it's
> still
> > >  cooking, drop in a  peeled potato and it will absorb the excess salt
> for
> >  >  an instant "fix me up"
> > >  My way: If you over  salt a dish while you are cooking, that's too
> > >  bad. My  motto: I made it and you will eat it and I don't care how
bad
>  it
> > >  tastes.
> > >  *****
> >  >  Martha's way #10: Wrap celery in aluminum foil when putting in  the
> > >  refrigerator and it will keep for weeks.
>  > >  My way: Celery? Never heard of the stuff.
> >  >  *****
> > >  Martha's way #11: Brush some beaten  egg white over pie crust before
> > >  baking to yield a  beautiful glossy finish.
> > >  My way: The Mrs. Smith frozen  pie directions do not include brushing
> egg
> > >   whites over the crust and so I don't do it.
> > >   *****
> > >  Martha's way #12: Place a slice of apple in  hardened brown sugar to
> > >  soften it.
> >  >  My Way: Brown sugar is supposed to be "soft"?
> >  >  *****
> > >  Martha's way #13: When boiling corn  on the cob, add a pinch of sugar
> to
> > >  help bring  out the corn's natural sweetness.
> > >  My Way: The only  kind of corn I buy comes in a can.
> > >  *****
> >  >  Martha's way #14: To determine whether an egg is fresh, immerse  it
in
> a
> > >  pan of cool, salted water. If it  sinks, it is fresh, but if it rises
> to
> > >  the  surface, throw it away.
> > >  My way: Eat, cook, or use the  egg anyway. If you feel bad later, you
> > >  will know it  wasn't fresh.
> > >  *****
> > >  Martha's  way #15: Cure for headaches: Take a lime, cut it in half
and
> >  >  rub it on your forehead. The throbbing will go away.
> >  >  My way: Martha, dear, the only reason this works is because  you
can't
> rub
> > >  a lime on your forehead  without getting lime juice in your eye, and
> then
> > >  the
> > >   problem isn't the headache anymore, it is  because you are now
blind.
> > >  *****
> >  >  Martha's way #16: Don't throw out all that leftover wine.  Freeze
into
> > >  ice cubes for future use in casseroles  and sauces.
> > >  My way: Leftover wine?
> >  >  *****
> > >  Martha's way #17: If you have a  problem opening jars: Try using
latex
> > >  dishwashing  gloves. They give a non slip grip that makes opening
jars
> >  >  easy.
> > >  My way: Go ask the very cute neighbor  to do it.
> > >  *****
> > >  Martha's way  #18: Potatoes will take food stains off your fingers.
> Just
>  > >  slice and rub raw potato on the stains and rinse with  water.
> > >  My way: Mashed potatoes will now be replacing  the antibacterial soap
> in
> > >  the handy dispenser  next to my sink.
> > >  *****
> > >   Martha's way #19: Now look what you can do with Alka Seltzer.
> >  >  * Clean a toilet. Drop in two Alka-Seltzer tablets, wait  twenty
> minutes,
> > >  brush and flush. The citric  acid and effervescent action clean
> > >  vitreous  china.
> > >  * Clean a vase. To remove a stain from the  bottom of a glass vase or
> > >  cruet, fill with water and  drop in two Alka-Seltzer tablets.
> > >  * Polish jewelry.  Drop two Alka-Seltzer tablets into a glass of
water
> > >   and immerse the jewelry for two minutes.
> > >  * Clean a  thermos bottle. Fill the bottle with water, drop in
> > >   four Alka-Seltzer tablets, and let soak for an hour (or longer, if
>  > >  necessary).
> > >  My way: Put your jewelry,  vases, and thermos in the toilet. Add some
> > >   Alka-Seltzer and you have solved a whole bunch of problems at  once.


PROCESSING

None

TENDERED

02-062	Questar	Eff 1/1/02		Interconnect & Operating K	  	EXECUTED

26471	PPL		Eff RR In-Service	20,000/d	Swap RP Vol		EXECUTED

27642	Calpine	Eff RR In-Service	40,000/d	Swap RP Vol		EXECUTED

27803	BP		1/1/03-12/31/04	25,000/d	Blmfld to Needles	EXECUTED

27821	Cinergy	2/1-2/28/02		5,000/d	Cen Pool to Topock	Negotiating 2/1

27834	WGR		4/1/02-10/31/02	5,000/d	WTx Pl to PG&E Topk	EXECUTED

27835	WGR		11/02 - 12/03		10,000/d	WTx Pl to Socal	EXECUTED

27847	Tenaska	2/26/02 only		10,000/d	WTx Pl to Halley	Tendered 2/25


As a registered reader of PMA Online's Daily Power Report, we are happy to
provide you with a free trial subscription to Restructuring Today until May
3. Please see yesterday's issue attached. As a paid subscriber you receive
timely news the date of issue.

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Thanks for reading!

 - rt010423pma.pdf


How's Hop-a-long?


Grant,

Thanks for that. I hope you had a good holiday - we were all very jealous of
you at dinner the other evening.

I made some changes for it to fit in with our notation, etc, but apart from
that its a fin piece of work. If you could just answer the questions posed
by Vince, and send me the final figure then we are a go (all of ours are now
finished). Would you be happy with the following?

3.5 Summary

In this chapter we have discussed volatility modelling and estimation in the
energy commodity markets, emphasising the difference between this market and
financial markets.  We discuss the estimation of volatility from both
historical and implied data, again from the perspective of the energy user.
We further discussed a number of stochastic volatility models and have shown
how to estimate the models via ordinary least squares and maximum
likelihood.  We have tested our estimation techniques on a number of
examples drawn from energy markets including electricity, gas and crude oil.

Best regards.

Chris.

----- Original Message -----
From: Grant Masson <Grant.Masson@enron.com>
To: Chris Strickland <chris@lacima.co.uk>
Sent: Tuesday, July 25, 2000 9:08 AM
Subject: Re: corrections to Chap. 3 from Grant Masson

>
>
> Chris:
>
> I understand from Vince that Ronnie did not send you anything.  Apologies
for
> that.  I will get the last section rewritten quickly and off to you within
the
> next couple of days. Sorry that this has taken so long, and frankly,
apologies
> for the poor quality of my bit.  If you have any suggestions on how to
improve
> it, please let me.  Likewise, I hope that you will  make changes as you
see fit
> to improve and clarify things.
>
> Regards,
> Grant.
>
>
>


If you will send me the latest schedule you have, I will start updating.

Thanks


Everything that I heard was that there wasn't anything to gain by attending
this dinner.  I therefore assume that we did not give the $$.  My current
thoughts are that if we want to give to Gov. Davis, let's give directly.

Also, are we thinking about meeting with the Gov's key energy people and
legislative members to share our perspective on the FERC Order.

Jim

----- Forwarded by James D Steffes/NA/Enron on 11/02/2000 08:41 AM -----

	Paul Kaufman@ECT
	10/31/2000 04:03 PM

		 To: James D Steffes/NA/Enron@ENRON
		 cc:
		 Subject: Re:

I think we are Enron.

I personally think the answer should be we're done with political donations
to the Governor for 2000.  I don't see any marginal gain for the investment.

From: James D Steffes@ENRON on 10/31/2000 09:36 AM CST
To: Jeff Dasovich/NA/Enron@Enron
cc: Jeff Dasovich/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Sandra McCubbin/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron
Subject:

What did Enron decide?

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/28/2000 07:12 PM

		 To: Sandra McCubbin/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, James D Steffes/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron
		 cc:
		 Subject: Re:

FYI.  Seems like we've given the Governor quite a bit up to this point, but
there may be some good reasons to, as they say, keep on giving.  Perhaps we
can discuss further as part of our meeting on Monday.

Best,
Jeff

	"Katie Kaplan" <kaplan@iepa.com>
	10/27/2000 06:20 PM
	Please respond to kaplan

		 To: "Eric Eisenman" <eric.eisenman@neg.pge.com>, "Allen Jensen"
<al.jensen@nrgenergy.com>, "Andy Gilford" <agilford@wbcounsel.com>, "Armen
Arslanian" <Armen.Arslanian@gecapital.com>, "Bill Adams" <sangorgon@aol.com>,
"Bill Barnes" <bill.barnes@lgeenergy.com>, "Bill Carlson" <wcarlson@wm.com>,
"Bill Woods" <billw@calpine.com>, "Bo Buchynsky" <BBuchynsky@aol.com>, "Bob
Ellery" <bellery@spi-ind.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Carolyn Baker" <cabaker@duke-energy.com>, "Cody Carter"
<cody.carter@williams.com>, "Curt Hatton" <curt.hatton@gen.pge.com>, "Curtis
Kebler" <curtis_l_kebler@reliantenergy.com>, "Dave Parquet"
<dparque@ect.enron.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "Diane
Fellman" <difellman@energy-law-group.com>, "Don Scholl" <PurEnergyI@aol.com>,
"Duane Nelsen" <dnelsen@gwfpower.com>, "Ed Maddox"
<emaddox@seawestwindpower.com>, "Edward Lozowicki"
<elozowicki@sjo.coudert.com>, "Edwin Feo" <efeo@milbank.com>, "Frank DeRosa"
<frank.derosa@gen.pge.com>, "Frank Misseldine"
<fmisseldine@caithnessenergy.com>, "Glen Sheeren" <gsheere2@iccnet.com>,
"Graeme Donaldson" <GDonald386@aol.com>, "Greg Blue" <gtbl@dynegy.com>, "Hal
Dittmer" <hedsf@aol.com>, "Hap Boyd" <rboyd@enron.com>, "Jack Pigott"
<jackp@calpine.com>, "James Bishop" <jim_bishop@msn.com>, "Jane Luckhardt"
<jluckhardt@dbsr.com>, "Jeff Dasovich" <jdasovic@enron.com>, "Jim Hinrichs"
<jmhpower@aol.com>, "Jim Willey" <elliottsa@earthlink.net>, "Joe Greco"
<joe.greco@uaecorp.com>, "Joe Ronan" <joer@calpine.com>, "John McConomy"
<john.mcconomy@us.pwcglobal.com>, "John Prevost" <plenv01@northcoast.com>,
"John Stout" <John_H_Stout@reliantenergy.com>, "John Wood" <jwood@sithe.com>,
"Jonathan Weisgall" <jweisgall@aol.com>, "Jorn Larsen"
<JornL@forasenergy.com>, "Kathryn Lynch" <Lynch@sl.net>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Ken Salvagno" <kbssac@aol.com>, "Kent
Fickett" <kfickett@usgen.com>, "Kevin Williams" <kwilliams@envres.org>, "Lynn
Lednicky" <lale@dynegy.com>, "Marc Tompkins" <marc.tompkins@bently.com>,
"Marty McFadden" <marty_mcfadden@ogden-energy.com>, "Merrill Kramer"
<mkramer@akingump.com>, "Mike Hawkins" <hawkins@2000energy.com>, "Milt
Schultz" <bfpjv@c-zone.net>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Randall Kob"
<randall.kob@prudential.com>, "Randy Hickok" <rjhickok@duke-energy.com>, "Rob
Lamkin" <rllamkin@seiworldwide.com>, "Robert Frees" <freesrj@apci.com>,
"Roger Pelote" <rpelote@energy.twc.com>, "Scott Noll"
<snoll@thermoecotek.com>, "Stan Marks" <Stan.marks@nrgenergy.com>, "Steve
Iliff" <siliff@riobravo-gm.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Sue
Mara" <smara@enron.com>, "Tandy McMannes" <mcmannes@aol.com>, "Thomas Heller"
<hellertj@apci.com>, "Tony Wetzel" <twetzel@thermoecotek.com>, "Trond
Aschehoug" <taschehoug@thermoecotek.com>, "Ward Scobee"
<wscobee@caithnessenergy.com>, "William Hall" <wfhall2@duke-energy.com>,
"Steven Kelly" <steven@iepa.com>, "W. Hyde Richard" <RWHYDE@duke-energy.com>,
"Stephanie-Newell" <stephanie-newell@reliantenergy.com>, "Russo Tony"
<trusso@mcnallytemple.com>, "Ross Tom" <Tross@mcnallytemple.com>, "Ron Tom"
<Rtom@govadv.com>, "Roger Pelote" <roger.pelote@williams.com>, "Norton Kelli"
<knorton@mcnallytemple.com>, "McNally Ray" <rmcnally@mcnallytemple.com>,
"Marty Wilson" <mwilson@pstrategies.com>, "Mark Smith"
<Mark_J_Smith@fpl.com>, "Karen Edson" <kedson@ns.net>, "Julia Wright"
<jwright@smithandkempton.com>, "Julee Malinowski-Ball" <jmball@ns.net>, "Jan
Smutny-Jones (E-mail)" <smutny@iepa.com>, "Frazier Baylock"
<Frayblay@aol.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Douglas Kerner"
<dkk@eslawfirm.com>, "DJ Smith" <djsmith@smithandkempton.com>, "Dennis Price"
<priced@epenergy.com>, "Colleen Holm" <colleen.holm@neg.pge.com>, "C Williams
Thomas" <tcwillia@duke-energy.com>, "Bill Carlson"
<william_carlson@wastemanagement.com>, "B Brown Andy"
<andybrwn@earthlink.net>, "Kassandra Gough" <kgough@calpine.com>
		 cc:
		 Subject:

Greetings:

IEP will be hosting a dinner for California Governor Gray Davis on Thursday,
December 7, 2000 at the historic Julia Morgan House in Sacramento. We will
be targeting to raise at least $100,000 so company contributions will range
from $10,000-$20,000 per person ($10k minimum per person) depending on the
number of respondents.  We have already received firm commitments from 3
companies.

If you are interested in attending please e-mail me as soon as possible.  A
formal invitation will follow to those who respond.

We need responses or direction by no later than COB on Monday, October 30,
2000.

Please contact me with any questions.

Thank you,
Katie Kaplan
Manager of Policy
IEP
(916) 448-9499


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Monday, October   22, 2001
                                                                                (Trade Date of Friday, October   19, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $22.00	         $19.50	         $20.84	-   1.49	          62,400
Comed	         $20.50	         $19.00	         $19.78	-   1.18	           6,400
Entergy	         $21.50	         $20.00	         $20.64	+    .42	          24,000
Nepool	         $38.75	         $38.15	         $38.37	-    .63	           5,600
PJM-West	         $25.85	         $24.90	         $25.31	-    .16	          38,400
SP-15	         $27.75	         $26.75	         $27.23	+   1.12	           5,200
TVA	         $22.00	         $21.00	         $21.46	-   1.04	           7,200

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Kay & Rahil:  Just to make my position clear, if legal determines that an EEI is still necessary with this counterparty then we should go forward with pursuing an EEI agreement.

The credit position is that if the deal needs to get done soon, then let's just use the GTCs and we can follow up later with an EEI (if deemed necessary by legal).  If we can wait a couple of weeks, then let's go forward with negotiating an EEI now.

Hopefully this clarifies our position.  Sorry for the confusion.  If the later is the case, then Rahil, I will need to get financial statements from the counterparty and review.

Thank you.

Kortney

 -----Original Message-----
From: 	Brown, Kortney
Sent:	Monday, November 19, 2001 4:26 PM
To:	Jafry, Rahil
Cc:	Ngo, Tracy; Radous, Paul
Subject:	RE: Cogentrix

Pursuant to the Cogentrix Eastern Carolina, LLC transaction described in this email and your later draft term sheet, credit has determined that an EEI does not need to be in place with the counterparty and that we would be able to transact under the long-confirm form.

To provide a little bit of explanation for you:

A Master EEI is preferable when the counterparty is planning on doing long-term, large volume transactions.  Therefore, we have very specific terms and conditions that do not have as much ambiguity as within the GTCs.

In terms of unit contingent or interruptible power - credit would like to get a clear definition of whether the cp is sleeving "unit contingent" power versus "interruptible" power, since there are varying degrees of risk inherent in the two separate transactions and we would like to gain an understanding of the term and type of power this will be.

Thanks Rahil.

Kortney

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Wednesday, November 14, 2001 5:44 PM
To:	Brown, Kortney
Subject:	FW: Cogentrix
Importance:	High

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Tuesday, November 13, 2001 9:16 AM
To:	Mann, Kay
Cc:	Coulter, Kayne
Subject:	RE: Cogentrix
Importance:	High

Kay,

Below are some answers to your questions re. Cogentrix.  Please let me know if you have any more.

- R

Power could be sold on a Day-Ahead or an Hourly basis.
They will give us a flat bogie and we will use that in our decision making.
Kenansville is a coal-fired, 30MW, plant.
We will be selling power at their bus point.  Any transmission cost, if/when incurred, will be treated on a pass-through basis.
The Min-Max decision on the number of MW's is their operational decision, and we will let them decide once we send them a draft of the revised contract.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, November 12, 2001 5:52 PM
To:	'Jafry, Rahil'
Subject:	RE: Cogentrix

Day ahead only?

How do we work together to set the bogie? I know on the MDEA deal there was an agreement on how it was calculated, including an agreement re the heat rates of the various units.

Is this a gas only facility?

How do we handle the transmission costs, or will we be selling the power at the same spot they are delivering it?

Are there minimum units of energy they will start their facility up for?

Thanks,

Kay

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Monday, November 12, 2001 5:39 PM
To:	Mann, Kay
Subject:	RE: Cogentrix

We'll be marketing power from their Kenansville plant on a unit contingent basis.  Together, we will establish a bogie price (their marginal cost of generation), and any value we can get them above this bogie price will earn us 25% of the extra upside we manage to get them.  They have a right to terminate with a 30-day notice and/or sell their power to other third parties at anytime.

- R

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, November 12, 2001 4:59 PM
To:	Jafry, Rahil
Subject:	Cogentrix

Getting warmer.  Could you send me an email with a brief description of how you see us marketing their energy.


Set up an interview with me.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 11/14/2000
09:12 AM ---------------------------

Asthana25@aol.com on 11/13/2000 02:27:00 PM
To: <lavorato@enron.com>
cc:

Subject: (no subject)

John,

I am interested in a power options trading position at Enron.  I have a track
record of profitable options trading and market-making in illiquid markets,
and have also worked closely with Origination groups to design and evaluate
structured products for customers.  I attach my resume for your review and
would welcome the opportunity to discuss my qualifications and background
with you in person.  I can be reached at 214-812-8560 during the day and
214-891-1705 in the evening.

Regards,

Manu

 - Manu Asthana.doc


A couple of items of note from this weeks IEPA call:

1. As noted in Steven Kelly's recent e-mail, it looks like Commissioner Laurie is planning to leave the CEC at the end of the year.  The only siting case before him is Roseville, so Kelly thinks it is unlikely he will stay to see the case completed.  Commissioner Moore's term is also up at the end of the year.  Kelly thinks he will try to get an extension on his term 'till his siting cases are complete.  As I think we can all guess, Kelly is not optimistic about the replacements that might be named by Davis to fill their spots.
2. The proceeding to modify the siting rules seems to be at a bit of a stalemate.  Commissioner Purnell has put forward some draft language to try to break the log jam.  IEPA is getting a copy to send out.
3. Kelly thinks the critical issues that are going to be addressed in the CPUC IRP process are:
a. The market design issues surrounding procurement practices by utilities (assuming they regain this ability from DWR)
b. Procurement of renewables
IEPA is planning to file to be a participating party to these proceedings.  If Enron wants to be a party separately we need to file a letter to that intent by Nov. 9th .  Steven thinks this time around PG&E and Sempra might be on our site on the generation issues b/c of their IPP businesses.

Let me know if you have any questions on these issues.  I'll keep you updated as things move forward.

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)


Hey everyone-
I think we could all use a drink after this week.  If you can, swing by the Front Porch tomorrow for happy hour-hope to see you there!!
Beth


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                OCTOBER 26, 2001

Notice ID: 3216
5 - NO RESPONSE REQUIRED

SUBJECT: REVISED-CAPACITY UPDATE EFFECTIVE FOR MONDAY, OCTOBER 29, 2001

                   CHANGES ARE INDICATED WITH AN *

Effective Monday, October 29, 2001, capacities will be as follows:

Excess MDWQ              Available +
ISS Withdrawals          Available
SIT Withdrawals          Available
Imbalance Drawdowns      Available

Excess MDIQ              Available +
ISS Injections           Available
SIT Injections           Available
Imbalance Paybacks       Available

PAL Lends/Unparks        Available
PAL Parks/Loan Paybacks  Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Non-firm receipt capacity will be as follows:

TENNESSEE:

Brinker (B12)            20,000
Broad Run (B9)          300,000
Cambridge (B10)          20,000
Dungannon (B11)          20,000
Highland (B17)                0

NOTE: GAS RECEIVED AT HIGHLAND MUST BE DELIVERED IN THE NORTHERN PORTION OF
MARKET AREA 38 OR THE NORTHWEST LATERAL OF MARKET AREA 36, DIRECTLY NORTH OF
HIGHLAND.

Milford (B18)            20,000
North Greenwood (B22)         0
Unionville (B15)         50,000

NOTE:  EFFECTIVE THURSDAY, AUGUST 16, 2001, ANY SHIPPER UTILIZING A CONTRACT
THAT HAS A PRIMARY RECEIPT POINT(S) WITH THE FOLLOWING POINTS, MUST UTILIZE
THESE POINTS:

         Brinker       (B12)
         Cambridge     (B10)
         Dungannon     (B11)
         Highland      (B17)
         Milford       (B18)
         Unionville    (B15)

TEXAS EASTERN:

Delmont (C16)                 0
Eagle (C22)              20,000
Hooker (C9)              20,000
Pennsburg (C23)          20,000
Windridge (C12)          20,000

NATIONAL FUEL:

Independence (M1)             0
Ellwood City (L1)        15,000

TRANSCO:

Downingtown (E3)          2,500
Emporia I (E13)          60,000 *
Rockville (E2)                0
Dranesville (E1)              0

EQUITABLE GAS:

Hi Hat (F3)                   0

KENTUCKY WEST VIRGINIA (KYWV):

Beaver Creek (H1)             0

CNR PIPELINE:

Boldman (CNR02)               0
Conoway (CNR03)               0
Johns Creek (CNR08)           0
Canada (CNR09)                0
Canada (CNR10)                0
Stafford (CNR11)              0
Thacker/Majestic (CNR12)      0
Briar Mtn. (CNR13)            0
Huff Creek (CNR14)            0

CONOCO:                       0

Grant (P1)                    0

NOTE:  ANY APPALACHIAN PRODUCTION FLOWING DIRECTLY INTO COLUMBIA'S LINE KA
BETWEEN COLUMBIA'S BOLDMAN COMPRESSOR STATION AND COLUMBIA'S HUFF CREEK
COMPRESSOR STATION AS WELL AS PRODUCTION FLOWING INTO COLUMBIA'S LINES SM-116,
KA-15, PM-3, AND PM-17 IS 0 NON-FIRM.

ALGONQUIN:

Ramapo (R1)              75,000

ANR:

Paulding/Cecil           30,000
(F1, A2)

LEBANON AGGREGATE       100,000
(A4, F2, C4, D3)

TOLEDO AGGREGATE        100,000
(A3, F4, 734462)

COLUMBIA GULF:
(801)

TCO-Leach               700,000

Internal point non-firm capacity will be as follows:

Lanham                        0

Delivery capacity (non-firm) will be as follows:

TRANSCO:

Martins Creek            10,000
  (MLI E5)
Young Woman's Creek      10,000
  (MLI E9)

ALGONQUIN:

Hanover                       0
  (MLI R2)

EQUITRANS:

Fallen Timber            31,000
  (MLI K1)

Waynesburg-Rhinehart     20,000
  (MLI K2)

OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.

Market Area delivery capacity (non-firm) will be as follows:

Operating Area 1
     Market Area 33       No Restrictions
     Market Area 34       No Restrictions

Operating Area 2
     Market Area 20       No Restrictions

Operating Area 3
     Market Area 15       No Restrictions
     Market Area 16       No Restrictions
     Market Area 17       No Restrictions
     Market Area 18       No Restrictions
     Market Area 19       No Restrictions

Operating Area 4
     Market Area 21       No Restrictions
     Market Area 22       No Restrictions
     Market Area 23       No Restrictions
     Market Area 24       No Restrictions
     Market Area 25       No Restrictions
     Market Area 29       No Restrictions

Operating Area 5
     Market Area 02       No Restrictions
     Market Area 07       No Restrictions

Operating Area 6
     Market Area 10       No Restrictions
     Market Area 11       No Restrictions
     Market Area 12       No Restrictions
     Market Area 13       No Restrictions
     Market Area 14       No Restrictions

Operating Area 7
     Market Area 01       No Restrictions
     Market Area 03       No Restrictions
     Market Area 04       No Restrictions
     Market Area 05       No Restrictions
     Market Area 06       No Restrictions
     Market Area 08       No Restrictions
     Market Area 09       No Restrictions

Operating Area 8
     Market Area 26       No Restrictions
     Market Area 27       No Restrictions
     Market Area 32       No Restrictions
     Market Area 35       No Restrictions
     Market Area 36       No restrictions for southern part of Market Area 36.
                          Primary receipts/deliveries only for gas delivered
                          in the northern portion of Market Area 36.
     Market Area 38       No Restrictions
     Market Area 39       No Restrictions
     Market Area 40       No Restrictions

NOTE:  GAS DELIVERED IN THE NORTHERN PORTION OF MARKET AREA 38 OR THE NORTHERN
PORTION OF MARKET AREA 36 MUST BE RECEIVED FROM TENNESSEE GAS PIPELINE AT
HIGHLAND.

Operating Area 10
     Market Area 28       No Restrictions
     Market Area 30       No Restrictions
     Market Area 31       No Restrictions

If you have any questions, please contact your Account
Representative.


Steve, could you check on the status of our invoice #21074601dated 2/19 for
$  2613.61.  We received payment for our March invoice yesterday (thank you)
and I wanted to make sure February didn' t fall between the cracks.  I am
copying Gerald since I can't recall whether this particular bill went to you
are to Gerald.  Thanks. - Randy