----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 01:28 PM -----

	Sherri Sera
	02/15/2001 11:48 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON
		 Subject: Re: Legal/Political Time-bomb Ticking

Steve, I thought you should probably see this, too.  Any idea what this guy
is rambling about?  SRS

	From:  Joannie Williamson                           02/15/2001 11:10 AM

To: Rex Rogers/Corp/Enron, Sherri Sera/Corp/Enron@ENRON
cc:

Subject: Legal/Political Time-bomb Ticking

I'm still trying to sift thru this, but I thought you should read.

Joannie
---------------------- Forwarded by Joannie Williamson/Corp/Enron on
02/15/2001 11:07 AM ---------------------------

Will Griffin <griffgrp@bellsouth.net> on 02/15/2001 10:52:22 AM
To: joannie.williamson@enron.com
cc: investor-relations@enron.com, corpcomm@hughes.com, diana.ball@hsc.com,
parkem@hhmi.org, brickhil@hhmi.org, stumpfs@hhmi.org, mullinsr@hhmi.org,
james.doty@bakerbotts.com, bruce.kiely@bakerbotts.com,
walter.smith@bakerbotts.com, tolson@gibsondunn.com, whowell@gibsondunn.com

Subject: Legal/Political Time-bomb Ticking

Dear Ms. Williamson:

    Per an autoresponder from Yorleni Mendez, I am forwarding to you
what I sent to Enron & others a couple of days ago, which was in
supplement to what I sent on Feb. 6th.  Time is of the essence and not
on your side.  Nor are the facts & the law on your side.  Therefore, you
need to find a way to get us to be on your side.

    Due to the urgency and foreseeable and announced forthcoming event
horizons, I believe you may wish to provide copies of the attached to
the proper persons at Enron for their immediate attention.  Please let
them know that if I have to continue to give information & documents to
the U.S. Senate and the proper others, that I will do so and then also
show that the failure of Hughes interests/companies to take remedial
measures was indeed blatant refusal.  We have already logged where
Hughes companies/interests have been to
http://willgriffin.com/hughes.htm thus you might as well continue to
visit there and see where we have posted changes and new information.
The knowledge of the Hughes companies/interests of these matters is now
clearly established.  We've already submitted some of our visitor logs
and other documents to the proper others, establishing the knowledge of
Hughes companies/interests to others.  This is something I am sure will
be most meaningful to the lawyers, along with a few other things I'm
sure which will get their attention..

    Also please have someone forward the attached to William Rice
Lummis, James A. Baker and others and advise them that surprises,
attention getters & wake-up calls are just around the corner.  They need
to contact us soon, before it becomes improper to discuss how a
reasonable (fanny & facing-saving) resolve for Hughes
interests/companies may be achieved.

Will Griffin
http://willgriffin.com/hughes.htm

X-Mozilla-Status2: 00000000
Message-ID: <3A8970D3.C2FBB441@bellsouth.net>
Date: Tue, 13 Feb 2001 11:37:24 -0600
From: Will Griffin <griffgrp@bellsouth.net>
Organization: Griffin Group
X-Mailer: Mozilla 4.7 [en]C-bls40  (Win95; U)
X-Accept-Language: en
MIME-Version: 1.0
To: corpcomm@hughes.com, diana.ball@hsc.com,  investor-relations@enron.com,
parkem@hhmi.org,  brickhil@hhmi.org, stumpfs@hhmi.org, mullinsr@hhmi.org,
james.doty@bakerbotts.com, bruce.kiely@bakerbotts.com,
walter.smith@bakerbotts.com, tolson@gibsondunn.com,  whowell@gibsondunn.com
Subject: Advisory of Your Legal/Political Exposures Coming True
Content-Type: multipart/mixed; boundary="------------C4135F3BD40002931C95C2CA"

Dear Hughes Electronics, Enron, HHMI, and Hughes Lawyers, et. al:

    I am fully aware how many of the Hughes interests visited
http://willgriffin.com/hughes.htm after I sent you an e-mail on Feb. 6,
2001, advising you of your impending difficulties and exposures.

    I have made some changes to these Hughes related pages, including
posting my advisory to you to http://willgriffin.com/letterto.htm for
your convenience and reference, with active e-mail links to you and each
other.

    Also since I contacted you last week (the next day), Enron has been
in the news as being the biggest beneficiary of the California energy
woes, while also being the largest contributor, fund-raiser and general
benefactor to President George W. Bush.
http://www0.mercurycenter.com:80/premium/business/docs/enron07.htm
Another article goes even further showing the relationship of James
Addison Baker III to Enron and Hughes "Bush's Biggest Donors Gain From
High Prices in California Crunch"
http://www.villagevoice.com:80/issues/0106/ridgeway3.shtml

    You may wish to re-visit the updated
http://willgriffin.com/hughes.htm (refesh/reload the page to clear your
browser's cache of the previous copy) after reviewing the news articles
links about Enron provided above.  You should know and reasonably
foresee that you are not the only visitors to my Hughes pages.  You
should also know that I've had contact with the proper authorities and
this to include correspondences within this past week.  Then again, I'm
sure many in the pipeline of those who review this and my previous
advisory know this to be true, or to reasonably foresee the interest of
many others at a minimum.

    I believe you to foresee more to soon become public difficulties for
you and that the intensity will no doubt increase significantly.  You
should know that any political related problems will include Democrats
in volumes, but there exists quite a few Republicans who will disavow
and distance themselves from you.  The China-Hughes missile & satellite
technology transfers, that were cited in the Cox Committee report, and
the arming of Sadaam Hussein with Hughes technologies issues are about
to pop up their heads and see a longer shadow than the groundhog
recently did.  This, in addition to the recent articles about Enron,
current activities and forthcoming event horizons, is not good news for
Hughes interests.

    You just might want to ask William Rice Lummis and James A. Baker
III, et. al. how they intend to solicit the help of the guy who holds
the keys to resolve, who they've got a little miffed at them, because of
what was done to him in an ad hominem attempt.  Certainly, when it is
true that if he now does nothing and a profound correlation exists
between how bad things go for you and how good things go as a result for
him, then why should he help y'all?  It appears if you ask Mr. Baker
about the Matter of Hughes and how we hold the keys to an amiable
resolve, that he will stipulate that it will take some real "Politics of
Diplomacy" to persuade us to help you, but that this needs to be
urgently accomplished.

Will Griffin

 - griffgrp.vcf
 - griffgrp.vcf


From OpinionJournal.com (http://opinionjournal.com)

TODAY ON OPINIONJOURNAL

On the Editorial Page BY LINDA CHAVEZ
http://www.opinionjournal.com/editorial/?id=95001496

Sealing the borders isn't the way to fight terrorism.
12:01 a.m. EST

John Fund's Political Diary
http://www.opinionjournal.com/diary/?id=95001497

Bob Novak, prince of darkness, gets roasted in Washington.
12:01 a.m. EST

Scene & Heard BY COLLIN LEVEY
http://www.opinionjournal.com/columnists/clevey/?id=95001495

Journalists are taking more casualties than American soldiers.
12:01 a.m. EST

FOR WALL STREET JOURNAL ONLINE SUBSCRIBERS
Review & Outlook

The Desolate Wilderness
Nathaniel Morton describes what he and other Pilgrims saw in 1620.
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006303270188823400.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

And the Fair Land
Let's give thanks to a just and prosperous land.
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006303766169884360.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

The Fair City
Standing united behind New York.
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006304575342616040.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Commentary

Don't Seal the Borders
Keeping workers out won't make us safer.
By Linda Chavez
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB100630531672334480.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Charity Doesn't Have To Mean Bureaucracy
Have faith in just-in-time donations.
By Marvin Olasky
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006305991789950480.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Real Stimulus: A National Sales-Tax Holiday
This time temporary relief might make a big difference.
By Arthur B. Laffer
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006305807523457120.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Business World

Uptight Is Back in Style
Is casual business dress on its way out?
By Holman W. Jenkins, Jr.
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006306468788392120.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Review & Outlook Taste

Yesterday
Review & Outlook: Paul McCartney sings a new war song.
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1005873736944241680.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Taste Feature

Pixel-ated!
Is Norman Rockwell turning in his grave? He should be.
By Philip Chalk
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1005876870532280880.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Gimme Shelter, But Don't Call Me Chicken
De Gustibus: Running for cover was so much easier during the Cold War.
By Nancy deWolf Smith
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1005875848748160120.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Houses of Worship

More Than Zero
Houses of Worship: A visit to the site of devastation. What does that cross mean now?
By Susan Lee
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB100587512344585360.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

International

The Trouble in Kunduz
Let's ensure the fighters trapped there don't kill again.
Review & Outlook
From The Wall Street Journal Europe
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB100628989185612160.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Cannabis Could Cure
The restriction on cannabis is founded on false arguments and prevents good medical uses.
By Charles Tannock
From The Wall Street Journal Europe
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006292029799872560.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

New Enemies, New Rules -- Is Anybody Ready??
European Observer: So far, we have no Clausewitz or Thucydides to define a strategy for the age.
By Frederick Kempe
From The Wall Street Journal Europe
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006292317684131440.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Setback in the Philippines
The MNLF proves to be an unreliable partner.
Review & Outlook
From The Asian Wall Street Journal
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006299168601923160.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Perverse Pension Incentives
The solution to China's pension system crisis lies in giving workers direct control over fully funded pension accounts.
By Zhao Yaohui
From The Asian Wall Street Journal
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006299573353262560.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

The Virtue of a Clean Break
China should allow even older workers the benefit of retirement accounts.
By Hugo Restall
From The Asian Wall Street Journal
Nov 21 2001

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1006300183485434000.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

_____
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Copyright 2001 Dow Jones & Company, Inc. All Rights Reserved.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/10/2000
05:07 PM ---------------------------

"Chris Strickland" <chris@lacima.co.uk> on 10/04/2000 01:51:59 AM
Please respond to "Chris Strickland" <chris@lacima.co.uk>
To: "Les" <Les@lacima.co.uk>, "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc: "Julie" <julie@lacima.co.uk>
Subject: eprm articles

Hi guys,
?
Hope you are both enjoying Paris. We've past the  end of September which was
the deadline for the ext EPR article. Seeing as we  were going to use the
same data set for articles 2 and 3 I've done drafts of  them both. Please
have a look and get comments back to me asap before Robin  stars jumping on
us.
?
Best regards.
?
Chris.
?
 - eprm_02_03.ZIP


Start Date: 1/10/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011020.txt


Market deals are only captured in accrual value calculations if they are in
the wellhead portfolio.  I do not recall any sales currently in the wellhead
portfolio.  However, I do not see a problem with the market deals unless they
were marked improperly (e.g. accrual adders).

-EB

	Enron North America Corp.

	From:  Brenda F Herod                           03/16/2000 08:31 AM

To: Eric Bass/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT
cc:
Subject: Market Meters Breakout

Would you all look at this, and make sure you all agree with the break-out?
It is my understanding that this expense has NOT been included in Tom's P&L.
If so, why hasn't it?

Eric:  How are market deals reflected in the accrual value calculations?
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 03/16/2000
08:28 AM ---------------------------

	Enron North America Corp.

	From:  Heidi Withers                           03/15/2000 05:11 PM

To: Brenda F Herod/HOU/ECT@ECT
cc: Mary M Smith/HOU/ECT@ECT
Subject: Market Meters Breakout

Brenda,

I am going through the market meters right now and am finding the following
results for February.

TOM $124,002
GREG      $9,285

I started the process by pulling all the meters and associated transport
rates off the transport capacity tickets.  I pulled them based on the
delivery rates being greater than the matrix.  I then researched the deals to
pull the deal tickets.  If the deal occurred before 7/99, then I assigned the
expense to Tom.  If the deal occurred after 7/99, then I looked at who the
dealmaker was and based the assignment of the transport expense on who the
dealmaker was.  In all cases, either Papayoti or Lamphier did the deal.

I also trued up the transport rate to the transport rate on the deal ticket.
This includes occasions when the transport capacity ticket did not have a
transport rate but the transport capacity ticket had an increased rate.  In
other words, I defaulted to the deal ticket so that we could have a paper
record of the transport rate.

As of now, I still have to pull January volume and attach the rate to the
March transport.  I wanted to go through the full analysis first and now that
I have the actual transport rate from the deal ticket, I know which rate to
attach.

I will pursue these avenues next.  Please let me know what questions you have.

Heidi

PS Details are attached.


I am fine with this language.

 -----Original Message-----
From: 	Lakho, Shahnaz
Sent:	Tuesday, July 10, 2001 10:38 AM
To:	Nemec, Gerald
Subject:	FW: Enron GLConnect Agreement

    Gerald:

   This is in response to the language you added to Great Lake's  EBB agreement, they would like to revise it.  Please let me know if you approve.

 -----Original Message-----
From: 	"Mackey, Tina M." <tmackey@glgt.com>@ENRON [mailto:IMCEANOTES-+22Mackey+2C+20Tina+20M+2E+22+20+3Ctmackey+40glgt+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, July 10, 2001 10:12 AM
To:	'slakho@enron.com'
Subject:	FW: Enron GLConnect Agreement

Shane,

Below you will see what our attorney suggested be added to the GLConnect
agreement instead of the language which your attorney proposed.  If your
attorney agrees, let me know and I will revise the agreement and fax it to
you.  Call me if you have any questions.

Tina Mackey
Great Lakes Gas
(248) 205-7581
(248) 205-7571  fax

> I am okay with the intent behind the language suggested by Enron on p.2 of
> 4 of the GLConnect User Agreement, but not with the proposed language.  I
> would propose instead:
>
> "provided that, commencing 24 hours after Great Lakes' receipt of
> Subscriber's written notification to terminate or limit access of any
> previously Authorized Person, Subscriber shall bear no liability for any
> action taken by such previously Authorized Person to the extent such
> action relies upon access terminated by Subscriber's notification.
> Subscriber shall remain liable for access gained by previously Authorized
> Persons by other means, including use of USERIDs and passwords not
> terminated or limited by Subscriber."
>
>


Effective today Natsource will have an execute id for www.brokerclient.com which will allow them to execute transaction on EnronOnline for their customers.  Natsource does not intend to execute before Monday the 26th.  As a follow up to a meeting held on March 8th with representatives from your organizations, I wanted to outline the procedures which were discussed for Broker confirmations.  Strict adherence to these procedures will ensure that we mitigate Enron's exposure to broken broker executions.

Broker executes a transaction on www.brokerclient.com
Broker receives instataneous electronic confirmation on broker client
Broker obligation per contract:

On the day of each Execution, Broker will (i) verify each Execution with the relevant Counterparty in writing or by telephone, (ii) notify Enron of such verification by telephone and (iii) deliver to Enron a written summary of all Executions which occurred on such day and confirming the verifications thereof.  Broker agrees that it will record all telephone conversations with Counterparties regarding Transactions and will make copies of such recordings available to Enron on reasonable request.

Enron will confirm all broker executed transactions by close of business each day  in writing, by telephone or electronically
Any issues raised during the broker confirmation will be immediately brought to the attention of Tom Moran (Houston credit; Debbie Brackett backup), Paul Maley (London Credit; Tim Davies backup).  If you cannot reach any of the credit contacts, call The EnronOnline Help desk at 713 853-HELP and report the broker confirmation issue.  Credit and or Product Control will zero out the broker credit until the issue has been resolved.  Credit and or Product Control will notify the Bob Shults (Dan Diamond backup) of any issues
After a broker has been fully checked out each day, the confirmations group will email the credit contacts listed above with positive confirmation notice indicating that there are no issues for that broker for that day.  This will allow credit to identify potential problems due to someone not calling on issues.
Transactions executed on EnronOnline by a broker will not have any reference to EnronOnline and will be documented as it they were voice brokered transactions.  The transactions will never be contracted under an EnronOnline General Terms & Conditions.
Confirmations with the counterparty will be handle the same as a voice brokered transaction.


CALENDAR ENTRY:	APPOINTMENT

Description:
	lunch @ Carrabba's

Date:		1/22/2001
Time:		11:00 AM - 2:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Hello there mister Bill!

Just a quick note to say sorry for getting off of the phone so quickly
yesterday!  To get into my apartment you have to go through a security gate
that needs to be opened by a resident.  I didn't have my pass code and I had
a visitor.  So I was scrammbling around like a lunatic trying to find it.
Most everyone who comes to visit knows the pass code so when someone new
comes to visit I have to try to remember what it is!  Then enter it into the
phone to let them in!  I think I've used it like twice in the year I've
lived here!  Anyhow so that's that!

To be quite honest with you I was so frazzled that I have no idea what you
said you needed to do or if you said I could call back after a certain time.
My mind was just focused on that code!  I thought I remembered that you
couldn't talk to me the rest of the day.  That's why I didn't call.  Ok
there's all the excuses and apologies.

Hope you're having a great day!

Nikki

_______________________________________________________
Send a cool gift with your E-Card
http://www.bluemountain.com/giftcenter/


Francisco Pinto-Leite will be on vacation November 26-28.  If you need assistance in his absence, please contact me at the numbers listed below.

Thank you,

Holly Keiser
Enron Wholesale Services
Legal Department
Phone: 713-345-7893
Fax: 713-646-3490
Location: EB 3887
Holly.Keiser@enron.com


Below is a brief summary of the five Executive Orders issued by Governor
Davis on 2/9/01.

For those of you that want the Cliff Notes Version:

These Orders appear to be an attempt to accomplish three things:

1.  Expedite Siting for New Powerplants and Expansions or Modifications of
Existing Powerplants
2.  Maximize Output and Minimize Outages at Existing Facilities
3.  Centralize Authority and/or Mitigate Issues Impacting Powerplant Siting
and Construction

The tone is both one of we feel your pain in the complexity of permitting
powerplants; and that we will tolerate no excuses for not running at full
capacity.  (ie; the carrot and the stick)

They also includes some targeted incentives to encourage powerplant operators
to sell their power under contract to the State Dept. of Water.

Some of the critical issues impacting the effectiveness of these orders will
be:

- How much capacity is truly "idling" and will be able to be brought back on
line or increase its output?
- Will the state be able to better manage air quality issues and create
flexibility within the framework allowed by the Clean Air Act in order to
positively change the air quality issues impacting power plant construction
and operation?
- How quickly can the accelerated permitting procedures be implemented and
how soon will we see movements in the market to increase new generation given
the other issues in CA?

We will continue to analyze the impacts of these orders, but wanted to get
information to you in a timely manner.

D-22-01  Increased Output/Expedited Siting Mandates

CEC exemption from siting requirements for increased output by existing power
generators.
- limited to less than 50MWs using existing installed capacity b/w
06/01-10/01/01

Expedited processing of applications for certification of existing thermal
powerplants that require retooling and a current license to operate.

Accelerated review from all agencies involved in the licensing of proposed
thermal powerplants.

Action by the State Water Resources Control Board  to insure wastewater
issues do not preclude thermal powerplants from operating.

Requirements for the State Dept. of Water Resources to purchase power from
powerplants using renewables and other resources that may currently have not
other market for their power.

Expires  12/31/01 unless extended

Analysis:

This Order is intended to take away the excuses for why some powerplants are
currently not operating or not operating at full capacity.  It does not waive
air quality requirements (they are addressed in a separate order).

D-23-01  Appropriate Maintenance and Efficient Operation Requirements

ISO Requirements:
- Require generators to submit planned outage schedules to the ISO
- Prepare a coordinated outage plan to be updated quarterly
- Identify generation maintenance criteria to be met by generation facilities
- Maintain records of any unplanned generation facility outages and provide
those records to Electricity Oversight Board
- Conduct independent audits of generation facilities that have fallen below
performance benchmarks est. by the ISO
- Consider seeking the authority under state law of federal regulation to
impose fines on those generation facility owners whose generation facilities
have fallen     below performance benchmarks est. by the ISO

Requires that the Electricity Oversight Board review the ISO Tariffs and
Protocols to identify any necessary revisions to increase the ISO's ability
to ensure adequate power during peak demand.

Instructs the CPUC to ensure that generation facilities still owned by
utilities are operated as required to maintain reliability.

Requires the Electricity Oversight Board to propose legislation to expand its
authority to issue audits of generation facilities that do not meet est.
benchmarks for availability and performance, and issue fines against those
plants, after a hearing.

Analysis:

Again, the tone of this order is that the state won't tolerate outages as an
excuse for not generating.  It is also an attempt to better manage planned
outages to prevent situations that happened last fall when too many plants
where off-line for maintenance at the same time.

D-24-01  Air Pollution Flexibility and Mitigation Measures

Mandates that local air districts modify emissions limits that limit hours of
operation in air quality permits to ensure that power generation facilities
that provide power under contract to the Dept. of Water Resources are not
restricted in their ability to operate.
- Requires air districts to require a mitigation fee for all applicable
emissions in excess of the previous limits
- If air districts do not comply, the Board (CARB?) shall impose
modifications on the permits in lieu of districts

The Board shall establish an emissions reduction credit bank using emissions
reductions from all available sources:
- Credits will be made available to powerplant peaking sources that need
emissions offsets in order to add new or expand peaking capacity for the
Summer Peak Season in 2001
- In the case of powerplants that agree to sell their power under contract to
the Dept. of Water Resources, CA will make available where necessary and
available the required emissions credits at up to a 50 percent reduction,
- In order to maximize the amount of electrical generating capacity,
emissions reduction credits for new generation capacity shall be provided to
facilities where necessary and available.
- Proceeds from the sales of these emission reduction credits shall be made
available to fund emissions reduction programs in the air district where the
new or expanded facility is located.

Expires 12/31/2001 unless extended

Analysis:

This order requires the air districts to modify permit limits on run hours
for air quality reasons by allowing those powerplants that sell to the Dept.
of Water to pay a mitigation fee and creates an emission reduction credit
bank available for use by other sources.  There are a lot of details that
remain to be clarified, including how the state is going to locate emissions
reduction credits where developers were unsuccessful.  However, it is a step
in the right direction by creating flexibility and beginning to drive
authority back to the state level.

D-25-01  Acceleration the Construction and Upgrading of Approved Powerplants

Expedites review and approval of post-certification amendments to increase
output from thermal powerplants by the Energy Commission.

Authorizes the Energy Commission to suspends the requirements of the statutes
and regulations that normally control post-certifications to the extent that
they impact prompt mitigation of this emergency.

Requires the Energy Commission to establish milestones for both initiation of
construction within one year of certification, and for the construction phase
of the project.  Failure to meet milestones without prior approval by Energy
Commission based on a showing of good cause shall constitute forfeiture of
the certification.

Expires 12/31/01 unless extended

Analysis

Again, no excuses for not getting your powerplant modifications approved and
completed in a timely manner.

D-26-01  Accelerating the Availability of New Generation Sources

Requires all relevant agencies shorten the review periods to 7 days for
required environmental impact documents prepared under CEQA for all
powerplants that are not subject to the Energy Commission (under 50MWs) and
that are proposed to be on line by summer 2001.

 Energy Commission shall expedite its licensing process in the following ways:
- Expedite processing of applications for peaking or renewable powerplants
for construction and operation by July 31, 2001.
-Peaking or renewable powerplants that have a current contract with the ISO
and can be online by July 2001 may also apply to be permitted by the Energy
Commission under the emergency siting process.
-Rules which provide a license for a simple cycle thermal powerplant within
four months, shall apply to any proposed simple-cycle thermal powerplant that
can be brought on line by August 31, 2002  and that have an application for
certification complete by Dec. 31. 2001.
-Under regulations for the expedited licensing of powerplants, emission
offset credits are not required at the time of filing an application for
certification
-The Energy Commission shall conduct a study of potential peaking power sites
in the state and prepare a report by 02/21/01  identifying those areas of the
state that would benefit from the installation of peaking powerplants to
augment supplies and ensure reliability through the summer of 2003.

IOUs must complete necessary interconnection studies within 7 days of receipt
of completed application.

Expires 12/31/01 unless extended.

Analysis:

This is an attempt to accelerate the permitting of smaller sources and
peaking units.


did she get divorced yet?

Brian Hoskins
01/11/2000 04:05 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

Allison says she's mad at you for not calling and writing.  She wants your
body.

Her number is (972) 383-6580.  Go and get 'em.


John,

After considerning what you told me about the job (and what you didn't tell
me), I've decided to decline the job you aren't offering me.

Kay

John Schwartzenburg@ENRON_DEVELOPMENT
05/15/2001 01:14 PM
To: Kay Mann/Corp/Enron@ENRON, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: World Hunger Contract

Avoid confusion?? What in the world does that mean?

And along those lines, as I was archiving files last night in preparation for
the move to the Enron building, I can across the resumes that you two sent to
me when you applied for a job here.  After giving the matter due
consideration, I have decided not to hire either of you.

 JWVS

	Kay Mann@ENRON
	05/15/2001 11:41 AM

		 To: Sheila Tweed/HOU/ECT@ECT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Roseann
Engeldorf/Enron@EnronXGate, pthompson@akllp.com, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: World Hunger Contract

Hi there.

I am attaching for the group's consideration a red line that I ran comparing
the current working draft (v4) with the draft John R. recently circulated to
Tax and Insurance.

I suggest that Pete Thompson keep the typewriter on this.  We are getting so
close to the end, I would really like to try to avoid confusion.

I am also attaching a clean copy of the current active version, and the
current list of issues under consideration.  I suggest we work through this
list and turn another draft before soliciting Cris/Herman and Lisa's
comments.  We should also give the ENA commercial reps the opportunity to
review it at that time.

Kay


This message is intended for eHRonline users only.

Due to a recent change to eHRonline, the URL (aka "Web address") for
accessing eHRonline needs to be changed on your computer.  The change
involves adding the letter "s" to the "http" reference in the URL.  The URL
for accessing eHRonline should be:   https://eHRonline.enron.com.

This change should be made by those who have added the URL as a favorite on
the browser.


Just wanted to keep you all posted on the latest and greatest.....

Launch dates:
Bandwidth May 1  US PCG
Brazil (power) July 1  US PCG
Japan  May 17  US PCG
Austria  April 26  UK PCG
Australian Coal Q2/Q3  US PCG
Singapore May 8  UK PCG
China  TBD  ???
Argentina  July 1  US PCG

Auctions (no dates yet, and not a lot of detail...):
Pipeline capacity
Reliable power
Coal
Pipeline imbalances
Plastics
Australian transmittal capacity
Generation Capacity

And...a few other things in the works:
Physical plastics (a possible Enron joint venture)
Credit derivatives - possible stand alone site
Confirms generated through EOL
Remote access (e.g. Palm Pilot)
Spreads
Options
Spreadsheet interfaces
Pipeline applications (other non-Enron pipes posting capacity on website)
Autohedge

SO.....looks like things are not going to slow down anytime soon (in case you
were thinking that they were!!!!)

Let me know if you have any questions!

Sheri


Start Date: 10/18/01; HourAhead hour: 15;  HourAhead schedule download failed. Manual intervention required.


Market Participants:

  The ISO has posted the following materials regarding CAISO's
Congestion Management Reform (CMR) Recommendation.

  Congestion Management Reform Recommendation (This is the
same as the version posted on July 11th with the exception that we have
corrected typographical errors.)

  Appendix A - Terminology and Acronyms A glossary of various
terms and acronyms used throughout the CMR Recommendation package.

  Appendix B - Locational Price Dispersion Study Summarizes
the areas of empirical study in which the ISO is currently engaged and
describes the objective, design, and preliminary results of the ISO's
analysis of the dispersion of locational prices throughout the ISO control
area.

  Appendix D - Assessment of CMR Design Recommendation with
Respect to Stakeholder Evaluation Criteria Compares the CMR Recommendation
against the specific evaluation criteria agreed to by the ISO and Market
Participants at the first stakeholder meetings.

  Appendix E - Congestion Management Redesign Options Not
Adopted in the CMR Recommendation

  Appendix G - System Impacts Summarizes the anticipated
impact of CMR Recommendation on the ISO's primary systems, such as SI/SA,
BBS, FTR, EMS, etc.  The purpose of this appendix is not to provide detailed
cost-benefit evaluation of the proposal, which we believe would be entirely
subjective and of little value.

  Appendix H - Intra-Zonal Congestion Management Mitigation
Costs During 1999  and Their Application to Local Reliability Areas.

  It is our intent to publicly distribute Appendix C, as
identified below, by mid August.  In the final draft of
  the recommendation package, to be publicly distributed and
provided to the Board in late August, we will
  provide the following additional appendices as well as
updated versions of those identified above.

  Appendix C - Market Separation Study The objectives, design,
and preliminary results of the other ongoing study being undertaken in
connection with the Congestion Management Reform process.

  Appendix F - Summary of Stakeholder Comments of California
ISO Congestion Management Proposals A summary of all stakeholder comments
received to date on the various proposals and concepts incorporated into
this recommendation package.

  You can find these Appendices along with the original
proposal and feedback form  at
http://www.caiso.com/clientserv/congestionreform.html.

  Byron Woertz
  Director, Client Relations


As I will be out of the office all day tomorrow, please contact Amy if you have any questions. Mike has been instructed to call the receptionist for an escort to the floor.

Thanks,
Grace

 -----Original Message-----
From: 	Rodriguez, Grace
Sent:	Wednesday, July 25, 2001 3:24 PM
To:	Fischer, Mark; Wolfe, Greg; Mallory, Chris; Fitzpatrick, Amy; Williams III, Bill; Meyers, Bert
Cc:	Chatterton, Jill; Mehrer, Anna
Subject:	Real Time interview: Mike Mier (Thursday, 7.26, 1:30pm)

Mike Mier will be interviewing for a position for Real Time. I will provide a copy of his resume to the interviews for review. See below for interview schedule and location:

Mike Mier, Cascade Conference Room, Thursday, July 26th, 2001

1:30pm-2:15pm - Mark Fischer
2:15pm-3:00pm - Greg Wolfe
3:00pm-3:45pm - Chris Mallory
3:45pm-4:00pm - Amy FitzPatrick
4:00pm-4:45pm - Bill Williams III
4:45pm-5:30pm - Bert Meyers

Each interview has been scheduled for 45 minutes. Please let me know if you have any questions.


I tried the new address but I don't have access.  also, what do I need to
enter under domain?


George, Ive read through your stuff on the Gomez remediation and need some
help.  Why are we collecting so much groundwater.  Im concerned that charges
for twice weekly disposal may be perceived as excessive, even though the
costs are reasonable.  Are we trying to dewater or what?  Other than that, I
dont mind ensuring the protection of the upstream spring and think we should
get busy on the well installations.  Do you think this will do it with
respect to no more wells needed.  Id like to get to that position as quickly
as possible.


Calpine makes me puke

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/16/2001 02:27 PM -----

	"Fairchild, Tracy" <tracy.fairchild@edelman.com>
	07/16/2001 10:47 AM

		 To: "'smara@enron.com'" <smara@enron.com>
		 cc: "Manuel, Erica" <Erica.Manuel@edelman.com>
		 Subject: AReM news release

Hi Sue--

The final version of the release.  Calpine asked that their name be deleted
from the release this time around.

 <<News release 071601.doc>>

Tracy Fairchild
Senior Account Supervisor
Edelman Public Relations Worldwide
(916) 442-2331
tracy.fairchild@edelman.com

 - News release 071601.doc


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/16/2001
12:41 PM ---------------------------

Greg Couch
02/05/2001 01:01 PM
To: Kyle R Lilly/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT
cc:
Subject: Curve Fetch

Let me know if either of you have questions.

Greg


-----Original Message-----
From: 	Kaminski, Vince J
Sent:	Monday, October 08, 2001 1:37 PM
To:	'vkaminski@aol.com'
Subject:	FW: LJM/Raptor valuations

 -----Original Message-----
From: 	Kaminski, Vince J
Sent:	Thursday, October 04, 2001 8:28 AM
To:	Siurek, Ryan
Cc:	Kaminski, Vince J; Buy, Rick; Port, David
Subject:	LJM/Raptor valuations

Ryan,

In the follow up to the meeting we had on Wednesday I would like
to reinforce one point I made. I feel strongly that I cannot support
the valuations my group has produced so far for the LJM/Raptor
related transactions without examination of all the related legal documents.

I feel that we did solid work based on verbal information,  but I cannot
guarantee the quality of the final product without looking at the contracts.
These transactions are too complex and controversial to bypass due diligence requirements
that you would expect from any professional.

Vince Kaminski


groovy

 -----Original Message-----
From: 	Parks, Joe
Sent:	Friday, April 12, 2002 3:11 PM
To:	Hayden, Frank
Subject:	RE: var

things are well, slowly ramping it up and gegtting back into it

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Friday, April 12, 2002 11:07 AM
To:	Parks, Joe
Subject:	RE: var

For VAR 95 using a Delta gamma approach
1.645 * position * price * daily vol = VAR

Remember daily vol is implied vol divided by sqrt of time or 16 in this case.

How do you like your new digs?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Friday, April 12, 2002 7:58 AM
To:	Hayden, Frank
Subject:	var

hey, how are you? can you send me an example of how you callculate var on contracts.

for example: price is 3.10, 100 contracts, vol. 60%

"SHOW ME THE MATH"

JOE
832-851-2821


Hi Mark

As promised, please see Justin's mail re new jurisdictions.

Regards

Amita
---------------------- Forwarded by Amita Gosalia/LON/ECT on 12/06/2000 18:34
---------------------------

Justin Boyd
06/06/2000 09:25
To: Mark Taylor/HOU/ECT@ECT
cc: David Forster/Corp/Enron@Enron, Amita Gosalia/LON/ECT@ECT

Subject: MG Metals - Physical Products via EOL

Mark,

In the context of our aim to introduce (physically-settled) base metals via
EOL, I have reviewed MG's existing customer base.  There are a small number
of counterparties from jurisdictions that have not been reviewed from here
and I'd be grateful if you could let me know whether these have been reviewed
by you , and also whether any of these jurisdictions are "restricted"  from a
US perspective.  Many thanks.

J

Chile
Brazil
Peru
Japan
Mexico
China


Find attached the EGM Management Summary, Radar Screens and Hot List as of 11/21.  Please contact me if you have any questions/comments.

Thanks,
Jeff

 -----Original Message-----
From: 	Green, Alisa
Sent:	Monday, November 26, 2001 8:09 AM
To:	Smith, Jeff E.
Subject:	Mgmt Summary & Hot List


still on conference call.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
----- Forwarded by Cheryl Nelson/NA/Enron on 04/20/2001 03:39 PM -----

	Cheryl Nelson
	Sent by: Cheryl Nelson
	04/20/2001 03:05 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: I am still on a conference call that began at 2 p.m.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693


Attention supervisors and managers!

Would you like to improve your ability to lead and manage your team?  The EWS Development Center would like to invite you to The Managers Level Impact and Influence Program.

Date:                             June 14th and 15th
Time:                             8:00 a.m. to 5:00 p.m. (both days)
Place                             Travis Room 1 at the Double Tree Hotel Down Town
Cost:                            $1,500
Target Audience:          Sr. Specialist and Managers in a supervisory role
CPE credits available

Innovative Leadership is the cornerstone of Enron's ability to motivate and retain the industry's top talent.  The Organizational Development and Learning group would like to invite all Enron managers to participate in a new leadership overview course.

This workshop will offer the tools you'll need to lead and manage others more effectively.  In this course you'll gain knowledge and insight on leadership capabilities and receive resources you can readily apply at work.  This two-day program, involving a maximum of 16 participants, has been specifically built to give Enron managers the information they need to succeed in our work environment.   It is an interactive workshop including individual and group exercises designed to drive home insights and build skills that are relevant to your job.

Topic areas include:
?        What is Leadership?
?        Leadership Credibility
?        Thinking Strategically
?        Managing Change
?        Directing Others
?        Leading Teams
?        Influencing Others

Participants will be asked to complete a short self-assessment before coming to the program.  Additionally, each participant will leave with a detailed action plan and other resources to help manage their group and prepare for the next level of leadership.

To register for this class, log on to InvestInMe at http://www.corptraining.com/index.cfm?company=enron.
If you have any questions, please call 713 853-1816.


For purposes of complying with outstanding subpoenas, effective immediately, please do not delete any e-mail from the Enron server until further notice.

	Britt Davis
	Enron Litigation Unit
	3-6307


Looks fine to me.

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Friday, January 18, 2002 11:19 AM
To:	Harris, Steven; Watson, Kimberly; Lindberg, Lorraine; Lokay, Michelle; Kilmer III, Robert; Lokey, Teb; Hass, Glen
Cc:	Porter, J. Gregory
Subject:	Motion to Intervene in PG&E FERC Proceeding

Attached for your review and comments is a draft of a motion by TW to intervene in the PG&E FERC proceeding.

 << File: PG&E.doc >>


Here's the email that I mentioned in my voicemail.  Take care, Mark

 -----Original Message-----
From:  james.doty@bakerbotts.com@ENRON
[mailto:IMCEANOTES-james+2Edoty+40bakerbotts+2Ecom+40ENRON@ENRON.com]
Sent: Thursday, March 15, 2001 9:08 AM
To: mmetts@enron.com
Subject: SEC Chairmanship and James R. Doty

  Mark:  If this is not what you had in mind, let me know. I have tried to
give you some detail to back up my claim that I can provided much-needed
stature and leadership to the SEC. I am also addressing what I think may be
some of the objections of constituencies in the corporate and financial
community who have, I believe,  told the Administration not to appoint a
lawyer and former member of the Staff of the SEC. (Of course, Arthur Levitt
was not a lawyer, and was a former head of the Amex, and has rammed through
one of the mose activist regulatory programs in SEC history! So what I am
offering, in part, is balance and respect for process).

1. The President has the opportunity, by appointing Jim Doty, to get the SEC
headed in a direction the corporate and financial community wants and to do
so with broad (indeed, enthusiastic) support from the agency itself, the
corporate and securities bar, the accounting profession and other
constituencies (including the NASDAQ, the NYSE, members of the Congressional
oversight committees and their staff on both sides of the aisle).

 Doty knows securities markets and practices through his work for securities
firms and is well aware of the issues of market structure that will face the
new Chairman--in this he favors continuing to encourage competition and
technological innovation in the markets, and is committed to keeping our
capital markets the best in the world.

 He understands the problems the accounting profession and the
standard-setting bodies are facing--including international accounting
standard issues--and is well equipped to be sure the private standard
setting regime we have relied on works well and with sensitivity to current
realities.  He will not be a "grenade thrower" on the complex
pooling/purchase issues now confronting the SEC and the FASB. (Here it will
be particularly important that the next Chariman give the FASB proposals on
impairment of goodwill in purchase transactions a fair hearing, and not
attempt to "strong arm" the private standard setters into a requiring
accelerated depreciation of goodwill: this is especially critical given the
fragile state of the technology sector.)

 Doty has spent his career advising boards of directors and senior
management on the practical problems businessmen face in dealing with the
SEC. He will bring to the job hands-on experience working with the business
community(corporate and financial), in solving the problems they face in
raising capital and complying with securities regulatory regimes--State,
Federal and cross-border.

 2. Doty has a national reputation as a corporate- and securities- law
expert, has published and is in demand as a speaker.  As a practicing
lawyer, however, Doty would bring some extraordinary qualifications to the
job of running the SEC, which are as folows:

          a. His record as General Counsel of the SEC from 1990-92
demonstrates an understanding of how to work effectively in governmnet.
Doty has the respect of the Staff and will bring credibility within the
building to accomplish needed reform.  During his tenure as the SEC's
General Counsel, with a Democratic majority in Congress, he had a major role
in reform initiatives to reduce costs of raising capital and streamline the
financial regulatory structure under President George H.W.Bush. These
included the Small Business Initiative, which reduced costs for small- and
first-time registrants, and structured finance initiatives to provide more
efficient access to capital markets for seasoned issuers.

          b. Doty is committed to using the exemptive authority under the
Securities Act of 1933 to promote more efficiency and lower costs in the
capital-formation process.  He knows where additional exemptive action or
repeal is needed--as in the Public Utility Holding Company Act, for
example--and he will be a knowledgeable and effective ally of the
Administration, including Cabinet officers, and the Republicans on the Hill,
in promoting further reform and efficiency.

         c. Doty will get the agency behind the President's proposal to
create individual retirement investment accounts for all members of the
workforce.  He is committed to helping the Administration get this done when
they decide to push for it, and knows how the issues of safety can be
practically addressed and the technical objections of critics overcome.

          d. Doty is a consensus-builder, a good listener and an effective
communicator. He is a Texan, a Rhodes Scholar and graduate of Rice
University. He has been active in the communities in which he has lived
(Senior Warden of Christ Church Cathedral in Houston, Vestryman of St.
John's Lafayette Square in D.C.). He is a good family man--his wife of 29
years presently serves in the First Lady's Correspondence Office. As a
BakerBotts Senior Partner, Doty can afford to do this for the sake of the
job well done and is not attempting to "polish his resume" for another job.

         e. Most important, Doty has worked tirelessly for this President,
knows the President and his style, and is loyal to the President.  He wants
the President to succeed and will work hard to make sure the policies and
practices of the SEC reflect well on the President and his Administration.


Ben,

Here is the updated contact list. Please forward any comments to me so I can
revise appropriately. I don't think the attachment was sent with the
previous email.

Regards,

                James J. Heckler
  Global Energy & Project Finance
  V:(212) 325-5809
  F: (212) 325-8323
  CREDIT | FIRST
  SUISSE | BOSTON

 <<E2 Investor List.xls>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.
 - E2 Investor List.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/29/99
10:13 AM ---------------------------

"Martin Jermakyan" <martin@electrapartners.com> on 12/27/99 11:12:06 AM
Please respond to "Martin Jermakyan" <martin@electrapartners.com>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: An edited version

Dear Vince,

Attached please find an edited and slightly complemented version of my
paper.  I am being told that it will be included in the March issue of
Energy and Power Risk Management, which is going to be devoted to the
subject of power trading.  Your comments will be much appreciated.

Regards,
Martin

 - powerisk3.doc


----- Forwarded by Jeff Dasovich/NA/Enron on 12/26/2000 11:08 AM -----

	JMB <JBennett@GMSSR.com>
	12/22/2000 06:28 PM

		 To: "'jdasovic@enron.com'" <jdasovic@enron.com>, "'msmith1@enron.com'"
<msmith1@enron.com>
		 cc:
		 Subject: FW: RULING FOR HEARINGS ON 12/27 AND 12/28

-----Original Message-----
From: Minkin, Angela K. [mailto:ang@cpuc.ca.gov]
Sent: Friday, December 22, 2000 4:07 PM

Subject: RULING FOR HEARINGS ON 12/27 AND 12/28

Parties, attached is the promised ruling that provides procedural guidance
for the hearings on 12/27 and 12/28.  The ruling will also be posted on the
web site as quickly as possible.

Thank you for your patience and I hope you can take a few moments to enjoy
the holidays.

--Angela Minkin
Administrative Law Judge

<<1%P701!.doc>>


The meeting referenced below has been postponed until 3:00pm Eastern /
12:00pm Pacific on Friday, December 15th.
---------------------- Forwarded by Lysa Akin/PDX/ECT on 12/14/2000 11:34 AM
---------------------------

Lysa Akin
12/13/2000 09:07 AM
To: Lysa Akin/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Robert
Anderson/PDX/ECT@ECT, Kathy Axford/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Tim Belden/HOU/ECT@ECT, Jody Blackburn/PDX/ECT@ECT, Jesse Bryson/HOU/ECT@ECT,
Jim Buerkle/PDX/ECT@ECT, Jessica Burry/PDX/ECT@ECT, Angela
Cadena/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Monika
Causholli/PDX/ECT@ECT, Fran Chang/PDX/ECT@ECT, Andy Chen/PDX/ECT@ECT, Paul
Choi/SF/ECT@ECT, Ed Clark/PDX/ECT@ECT, Stanley Cocke/PDX/ECT@ECT, Chip
Cox/PDX/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Debra Davidson/PDX/ECT@ECT, Smith
L Day/HOU/ECT@ECT, Michael M Driscoll/PDX/ECT@ECT, Heather
Dunton/PDX/ECT@ECT, Caroline Emmert/HOU/ECT@ECT, Michael
Etringer/HOU/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Amy FitzPatrick/PDX/ECT@ECT,
John M Forney/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Dave
Fuller/PDX/ECT@ECT, Lisa Gang/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT, Winston
Goodbody/HOU/ECT@ECT, Ashok Gurusamy/PDX/ECT@ECT, Mollie
Gustafson/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Don
Hammond/PDX/ECT@ECT, Leaf Harasin/PDX/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT,
Carla Hoffman/PDX/ECT@ECT, D Brett Hunsucker/HOU/ECT@ECT, Donna
Johnson/PDX/ECT@ECT, Saji John/HOU/ECT@ECT, Karen E Jones/HOU/ECT@ECT, Paul
Kane/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Jan M King/HOU/ECT@ECT, Holli
Krebs/HOU/ECT@ECT, Kristian J Lande/HOU/ECT@ECT, Monica Lande/PDX/ECT@ECT,
Alan Larsen/PDX/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Chris
Mallory/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT, Wayne Mays/PDX/ECT@ECT, Mike
McClain/PDX/ECT@ECT, Anna Mehrer/PDX/ECT@ECT, Jeremy Morris/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Mullen/PDX/ECT@ECT, Susmitha Nalluri/PDX/ECT@ECT,
Kourtney Nelson/PDX/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT,
Murray P O'Neil/HOU/ECT@ECT, Jonalan Page/PDX/ECT@ECT, Lani
Pennington/PDX/ECT@ECT, Todd Perry/PDX/ECT@ECT, Phillip Platter/HOU/ECT@ECT,
David Poston/PDX/ECT@ECT, Mike Purcell/PDX/ECT@ECT, Dale
Rasmussen/HOU/ECT@ECT, Mark Rathbun/PDX/ECT@ECT, Lester Rawson/PDX/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Donald Robinson/PDX/ECT@ECT, Grace
Rodriguez/PDX/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Stacy
Runswick/PDX/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Holden Salisbury/PDX/ECT@ECT,
Julie Sarnowski/HOU/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Richard
Schweiger/PDX/ECT@ECT, Walter Seaton/PDX/ECT@ECT, Cara Semperger/PDX/ECT@ECT,
John Shackelford/PDX/ECT@ECT, Jeff Shields/PDX/ECT@ECT, Jeff G
Slaughter/PDX/ECT@ECT, Larry Soderquist/HOU/ECT@ECT, Geir
Solberg/PDX/ECT@ECT, Chris Stokley/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Kate Symes/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Maria Van
Houten/PDX/ECT@ECT, Frank W Vickers/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Laura
Wente/HOU/ECT@ECT, Teri Whitcomb/PDX/ECT@ECT, Collin Whitehead/PDX/ECT@ECT,
Bill Williams III/PDX/ECT@ECT, Bill Williams/PDX/ECT@ECT, Diana
Willigerod/PDX/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
Alan Comnes/PDX/ECT@ECT, Theresa Villeggiante/PDX/ECT@ECT
cc:
Subject: FERC Meeting Friday, Dec. 15th

We have secured a phone bridge to listen to the special FERC meeting being
held on Friday, Dec. 15th.

I have reserved the Cascade Conference Room for the call.

Please call me Thursday if you have any questions, or see Mary Hain today.

Thank you.

Lysa
x7927


TRADE DATE	NA GAS	NA POWER	TOTAL TRADE CNT
11/13/2001	1855	670	3344
11/12/2001	2109	558	3563
11/11/2001	10	4	14
11/10/2001	5	10	15
11/9/2001	1507	634	2845
11/8/2001	1787	670	3276
11/7/2001	2558	1051	4397
11/6/2001	2808	1122	4625
11/5/2001	2957	1209	4833
11/4/2001	8	4	12
11/3/2001	4	22	26
11/2/2001	3032	833	4459
11/1/2001	3038	1011	4854
10/31/2001	3100	1199	4941
10/30/2001	2801	850	4210
10/29/2001	3170	950	4738
10/27/2001	10	0	10
10/26/2001	3142	1055	4944
10/25/2001	4032	1246	5854
10/24/2001	3511	829	5017
10/23/2001	3856	1049	6026
10/22/2001	3732	1111	5657
10/21/2001	22	0	22
10/20/2001	2	0	2
10/19/2001	3576	1010	5411
10/18/2001	3709	959	5584
10/17/2001	3758	1044	5615
10/16/2001	3417	1024	5201
10/15/2001	2700	807	4110
10/14/2001	3	8	12
10/13/2001	6	6	12
10/12/2001	3125	884	4754
10/11/2001	2662	908	4189
10/10/2001	2651	842	4168
10/9/2001	2470	871	4013
10/8/2001	2487	716	3961
10/7/2001	4	0	4
10/6/2001	4	4	8
10/5/2001	2908	939	4449
10/4/2001	2878	1071	4698
10/3/2001	3072	898	4490
10/2/2001	2614	911	4043
10/1/2001	2676	789	4056

Counterparty numbers:


Jackie-

I cannot for the life of me remember why this sale deal is in there.  I do
believe it is valid and is a part of the purchase deal with Tesoro.  Jill
Zively was the dealmaker and could probably answer your question as could
George Weissman and Melissa Graves.  You might also check with Anita, the
allocator, to see the support she gets for the allocation.  This may give you
some clue as to what this volume represents.  (Let me know, too, since I hate
forgetting things!!!!)


Kevin,

Please, help Stinson.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/99
04:35 PM ---------------------------

Stinson Gibner
12/22/99 01:59 PM
To: Kevin G Moore/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Move from 29 TO 19

Shirley:

Can I get a small white board for the South wall of my office?

--Stinson


-----Original Message-----
From: 	Hill, Garrick
Sent:	Monday, June 17, 2002 5:51 PM
To:	McMichael Jr., Ed
Cc:	Bills, Lisa; Lyons, Dan; Ward, Charles; Barbe, Robin
Subject:	Ponderosa Pine Energy Partners, Ltd ("PPEP")

After I learned that Robin was preparing a summary to bring you up to speed with where we are gas-wise w/PPEP, I offered to draft something that might help put us all on the same page and allow her to work on other things important to your group.

PPEP owns a 263 MW plant located in Cleburne, TX.  The plant has three gas-related agreements that require daily management:  (1) a gas transportation agreement w/Lone Star, (2) a gas supply agreement w/Apache (which is being managed by Cinergy), and (3) a gas supply agreement w/Williams.  Prior to June 30, 2000, these agreements were administered under a service agreement between PPEP (f/k/a Tenaska IV Texas Partners, Ltd., or "TIVTP") and Tenaska Gas Co.  Under that agreement, Tenaska Gas Co. ("TGC") provided scheduling services, reconciled gas activity to invoices, and bought and sold gas on behalf of TIVTP.  As consideration for services provided, TGC received a per unit fee that (if the agreement were still in effect) would have amounted to approximately $0.0513/Dth in 2002.  That fee is prevalent in the PPA as it relates to Brazos' gas purchase options and electric pricing after 2006, the year the gas supply agreements expire.

The TGC gas agreement was terminated on June 30, 2000 at which time Ponderosa Pine Energy, LLC ("PPE"), a wholly-owned subsidiary of Delta Power Co., LLC ("DPC"), acquired all of the entities that own general partnership interests (90%) in TIVTP (whose name changed to PPEP one year later).  Just prior to PPE's acquisition, ENA acquired the only limited partnership interest (10%) from LG&E.  In conjunction with PPE's acquisition, ENA entered into two service agreements with PPE:  (1) a Consulting Services Agreement, under which either party receives cost plus 5% for services rendered (there has been no business conducted under this agreement, and (2) a Corporate Services Agreement, under which ENA is entitled to receive cost plus 5% for accounting, tax, finance, legal, and HR services it provides to PPE.

PPE's purchase agreement provided for a transition of gas services to ENA over 90 days.  In conjunction with the transition, ENA and PPE developed (but never executed) a gas agency agreement under which the ENA Texas Desk provided services similar to those provided under the TGC gas service agreement.  Per Weil, course of performance is sufficient to consider that agreement binding as a "verbal arrangement".  Under that verbal arrangement, the ENA Texas Desk received a fee of $0.0400/Dth in 2001; by our calculations, that fee has increased to $0.0406/Dth in 2002.  PPE is current through November 2001 on the payment of these fees.

In addition to the status of the PPE-ENA gas agency agreement, two issues were raised to a consciousness level shortly after the filing of our petition

In what appears to be related to the sale of HPL to AEP, payments that were made by PPEP to ENA for further payment to Lone Star between April and November 2001 were never remitted by ENA to Lone Star.  In order to prevent the Lone Star agreement from going into default, PPEP was forced to pay Lone Star directly (effectively causing PPEP to "double pay" its transportation costs for the period).

Revenue that was received by ENA for the resale of gas on behalf of PPEP (i.e., due to an electric production schedule that didn't utilize full contract entitlements) for the month of November was never remitted to PPEP.

Taken together, these two items create a $1.3 MM claim against ENA by PPEP.  Additionally, we learned shortly after the bankruptcy that the electric production schedule had lead to the development of a large imbalance on the Lone Star pipeline.  Given ENA's limited capability to transact on physical gas (and Lone Star's physical limitations), it has been difficult to work off this imbalance.  However, the fact that the plant is generally short gas in summer production months (i.e., the plant utilizes approximately 48,000 Dth/d at full production vs. its 45,000 Dth daily contract entitlements), the imbalance should start to reverse this summer.  It's my understanding that the facility has fairly liberal balancing provisions w/Lone Star.

An invoice for gas agency services since the filing of the bankruptcy was presented to PPE today.  Based on conversations that I had w/DPC earlier this year, we suspect (due to the limited capacity in which ENA can perform and the claim described above) that PPE will decline to pay the invoice.  ENA, at DPC's request, developed an RFP to solicit bids for a new gas agency service provider earlier this year.  While we have received no indications that the RFP has been issued, it is my understanding that DPC has had conversations with one or more parties that may be willing to provide gas agency services.  While not crucial to ENA's decision-making, we have no way of knowing how these conversations have progressed or if DPC is presently in a position to assume the role of gas portfolio manager.

However, this is deal falls into the "SPE category" by virtue of a total return swap between ENE and KBC bank, which loaned PPE 97% of the total funds needed to acquire the entities that own general partnership interests in PPEP.  The total return swap was entered into contemporaneously with PPE's acquisition in June 2000.  The total return swap agreement appears to be in default; ENE has not performed under that agreement since the bankruptcy filing.  Likewise, the KBC-PPE loan agreement also appears to be in default.  We are aware that DPC attempted to put its equity interests in PPE back to KBC in December under the loan agreement, and that its exercise lead to the filing of a lawsuit by KBC.  We are also aware that KBC and DPC are in discussions concerning a resolution of their differences and a possible restructuring of the investment, but we have not (to date) been party to those discussions.  Lisa Bills is responsible for the total return swap and bank the bank relationship on this deal.  She is presently developing a strategy document for dealing with this investment (which appears to the deal team to be a net liability due to the current market for power plant investments and the relationship with Brazos).

Because the SPE status (and outright ownership of the limited partnership interest), we intend to continue in our collective service roles (i.e., relying on DPC for authorization of our decisions) until such time that the strategy can be advanced through the approval process.   Lisa views DPC's reaction to the gas agency service fee invoice to be a key part of this process.

I hope this helps...please let me know if you need more.


Please REPLACE the Enron Broadband Services presentation with this one.

Thanks,

Dan
---------------------- Forwarded by Daniel Diamond/HOU/ECT on 06/05/2000
11:40 AM ---------------------------
From: Fred Cohagan@ENRON COMMUNICATIONS on 06/05/2000 11:15 AM
To: Daniel Diamond/HOU/ECT@ECT
cc:
Subject: EOL Presentation revised to match audio

Dan,

I didn't speak to slides 6, 9, or 14 of the original presentation sent to
you.  I think they are bad slides so you can either take them out or leave
them in with no audio.  If in the final review it is determined that these
slides should stay in, I am happy to come back in and do the audio for them.
The revised presentation is below, the original presentation is further down
in the e-mail

Fred Cohagan
Manager, Bandwidth Origination
Enron Broadband Services
Office:  713-853-1805
Mobile/Pager: 713-826-4485
e-mail: fred_cohagan@enron.net

About Enron:

Most Innovative Company, 5th Consecutive Year, Fortune Magazine, February 21,
2000

Quality of Management, Voted 1st in US , Fortune Magazine, February 21, 2000

100 Best Companies to Work for in America, Fortune Magazine, February 21, 2000

----- Forwarded by Fred Cohagan/Enron Communications on 06/05/00 11:16 AM
-----

	Erik Simpson
	06/02/00 10:35 AM

		 To: Paul Racicot/Enron Communications@Enron Communications, Fred
Cohagan/Enron Communications@Enron Communications
		 cc:
		 Subject: EOL Presentation

Erik Simpson
Global Bandwidth Risk Management
Enron Broadband Services
Phone: +1 713-853-0600
Mobile: +1 832-689-4939
Facsimile: +1 713-646-8795


Please advise as to your approval. <<First.Amended.Petition.tty.wpd>>

Sincerely,
Tammy Young
Legal Assistant
The Fullenweider Firm
4265 San Felipe, Suite 1400
Houston, Texas 77027
Telephone: (713)624-4100 ext. 1030
Fax: (713)624-4141
e-mail: ty@fullenweider.com

 - First.Amended.Petition.tty.wpd


-----Original Message-----
From: 	Slone, Jeanie
Sent:	Tuesday, January 22, 2002 11:27 AM
To:	Roberts, Mike A.; Superty, Robert
Cc:	Rangel, Ina; Young, Becky; Vuittonet, Laura; Rybarski, Amanda; Hogan, Irena D.
Subject:

A UBS benefits presentation will be held today in room 6980 at 2:00, 3:00 and 4:00 pm.  Please tell anyone who might be interested.  Thanks.


Hey Gerald!!  The weekend was good.  I went to a wedding on Saturday, but I
was bored almost all day Sunday.  My boyfriend and I finally went to
Teala's (Houston's answer to Baby A's) for Ritas.  If you've never tried it
- Mango would be my recommendation.  Sorry I missed you and your friends on
Thursday.  I wimped out Thursday and Friday - pretty pathetic.  But I give
you props just for considering GK 2 weeks in a row!!  Did you do anything
fun?

To:   IMCEANOTES-jennifer+2Esanders/40us/2Eandersen/2Ecom/40ENRON@enron.com
cc:     (bcc: Jennifer D. Sanders)
Date: 08/13/2001 01:39 PM
From: Gerald.Nemec@enron.com
Subject:  RE: Hello!

Hi Jennifer,  How was your weekend?  Did you do anything exciting?  I was
invited to go with some friends to the GK on Friday night, but I thought
that two Fridays in a row would be pushing my luck, so I begged off.

**********************************************************************
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Thank you.
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given nor endorsed by it.


Dear KEVIN HYATT:

In order to continue sending your FREE Subscription to ENERGY MARKETS, we must receive an updated qualification form from you once every year.

And, it's that time again.  Why risk missing out on your opportunity to continue receiving this $89* value FREE OF CHARGE.* Renew today! Simply click on the link below, and complete the online qualification form. It will only take a few minutes to complete. It's quick, easy - and if you respond immediately - costs you nothing!

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To guarantee continued free service - respond by February 18, 2002.

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E21ERQ


Hi Reggie:

Conference Room EB 19C2 is in need of a round black table to hold the
telephone.  Is there one available?

Also we would like a two-drawer lateral file cabinet for EB 19C2.
Co. # 0011, RC# 100038.

Thanks and have a great day!

Shirley
3-5290


You go girl.

From: Tana Jones on 19-05-2000 04:12 PM
To: Frank L Davis/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Lisa
Gillette/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Tom Moran/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT
Subject: Counterparty Approval List for 5/4/00

Sorry for my hold up on this list.  I had an issue with the division/dba
approvals that I needed to resolve with Dave Forster and Mark Taylor.  We
will be issuing a policy (as soon as I draft it) about how to deal with
divisions/dba's in the future.  For this Koch counterparty:

Per my conversation with Stephanie, I am provisionally approving this
counterparty only with understanding that the online trading account name
gets amended to read as follows:

Koch Industries, Inc., acting through its Koch Hydrocarbon Company Division.

If the counterparty will not agree to this name change on its account let me
know, I will talk to the Koch lawyer.  (FYI, this is the way we styled the
ISDA Master Agreement, at the direction of the Koch lawyer.)


You are scheduled to attend the following:

UNDERSTANDING OPTIONS

	WHERE:  Doubletree Downtown, Granger A/B, Houston, Texas, 713-759-0202
	WHEN:    October 31-November 1, 2001 - 8:00am-5:00pm

	This is a TWO DAY SESSION.  Dress for the session is business casual.

Continental breakfast is available at 7:30 a.m.  The session begins at 8:00 a.m. SHARP!!  Lunch will be available from Noon until 1:00 pm in the Dover's room.  The session will resume at 1:00 pm in Granger A/B.

Please remember to turn your pagers/cell phones to vibrate/silent mode to avoid disrupting the session and participants.  DO NOT bring your laptop to the session and attempt to work as this is distracting to the instructor and participants.

thanks,
LeRea
713-345-8434


What an idiot I am - I sent this to myself!

Amy

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Tuesday, July 17, 2001 4:34 PM
To:	Fitzpatrick, Amy
Subject:	RE: Vacation Update - Cara  Freeland-Semperger (503822)

Cara -

This has been updated!

Amy

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Wednesday, July 11, 2001 10:23 AM
To:	Mathis, Anitha
Subject:	Vacation Update - Cara  Freeland-Semperger (503822)

Anitha -

Can you please update Cara's timekeeping record to reflect vacation taken for the week of 5/7 and the week of 5/14?

Thanks!
Amy


use detmering not me

 -----Original Message-----
From: 	Haedicke, Mark E.
Sent:	Wednesday, October 10, 2001 4:44 PM
To:	Lavorato, John
Subject:	Mariner

John:

Should we get you, Scott and me (and Teresa Bushman) together to flesh out the deal further for the term sheet?  Teresa and I have worked on a term sheet but it is pretty bare bones so far?

Mark


<http://www.forestweb.com/digest/images/news/corps/197.gif>

PULP, WRITING & PRINTING PAPER 10/17/2001

Welcome to Enron's Pulp, Writing & Printing Paper News Service. This daily mailing brings the most recent news headlines right to your inbox. You may also receive this daily service specific to the following areas: 1) Recovered, Container & Packaging; 2) Newsprint; 3) Lumber. To join any of these lists, CLICK HERE <http://www.forestweb.com/fwsnippets/mailinglists/enron_lists.html>.

If you have any comments or feedback, simply reply to this email. If you would like to unsubscribe to the Pulp, Writing & Printing Paper News service, please scroll to the bottom of this email for instruction.

Thanks and enjoy.

Contents

FOEX NBSK price increases again; U.S. newsprint still dropping ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14382>...)
China's Nanping Paper merging with Qingshan Paper ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14399>...)
International Paper to permanently shut Erie, Pa., paper mill-cuts 760 jobs ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14401>...)
LP to close BCTMP pulp mill in Chetwynd, B.C., until new owner found ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14420>...)
Georgia-Pacific 'scores' sponsorship with Major League Soccer ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14389>...)
Pennsylvania Gov. offers workers assistance as IP to shut Erie mill ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14393>...)
Western-region demand for whole-log chips continues to wane ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14414>...)
International Absorbents to be featured on public television business show ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14421>...)
Pope & Talbot announces $0.15 fourth quarter dividend ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14390>...)
IP posts $275 million 3Q loss; CEO vows to 'streamline and improve' ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14410>...)

FOEX NBSK price increases again; U.S. newsprint still dropping

10/16/2001 10:48:14, Forestweb

SAN FRANCISCO, Oct. 16, 2001 (Forestweb) --- The PIX price of northern bleached softwood kraft (NBSK) in Europe has increased to $463.94/tonne, up $5.05/tonne from a week ago.

This is the t...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14382&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

China's Nanping Paper merging with Qingshan Paper

10/16/2001 16:27:53, Chinapaperonline

BEIJING, Oct. 15, 2001 (Chinapaperonline) -- Southeast China's Nanping Paper Corp. shall acquire 70 million Class A preferred stocks of Qingshan Paper Corp. at RMB2.23 per share [RMB15.61 million (US$1.89 million)]. The purchase was approved by a recent shareholder conference. After the acquisition, Nanping shall become the largest pulp and paper maker in Southeast China's Fujian Province....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14399&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

International Paper to permanently shut Erie, Pa., paper mill-cuts 760 jobs

10/16/2001 16:31:01, Press Release

ERIE, Pa., Oct. 16, 2001 (Press Release) -- International Paper Co. announced today that it will close its pulp and paper mill in Erie. The decision, which will impact 760 positions at the mill and within Forest Resources and other supporting functions, was reached after a thorough review and consideration of all available options. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14401&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

LP to close BCTMP pulp mill in Chetwynd, B.C., until new owner found

10/17/2001 09:00:52, BW

CHETWYND, B.C., Oct. 17, 2001 (Business Wire/press release) -- Louisiana-Pacific Canada Ltd. today announced that it will indefinitely close its hardwood bleached-chemi-thermo-mechanical pulp (BCTMP) mill in Chetwynd, British Columbia. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14420&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

Georgia-Pacific 'scores' sponsorship with Major League Soccer

10/16/2001 12:11:25, Press Release

NEW YORK, Oct. 16, 2001 (Internet Wire) -- Major League Soccer (MLS) and Georgia-Pacific have signed a partnership that makes Georgia-Pacific an MLS corporate partner through the 2005 season, MLS Vice President of Corporate Partnerships, Tom Haidinger announced today. Under the terms of the agreement, Georgia-Pacific brands Mardi Gras, Zee and Soft 'n Gentle become the official paper towel, paper napkin and bath tissue of MLS and its 12 member teams beginning at the league's championship game, MLS Cup 2001, on October 21 in Columbus, Ohio. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14389&_UserReference=9059651FB91F88043BCDB7DF>)

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  _____

Pennsylvania Gov. offers workers assistance as IP to shut Erie mill

10/16/2001 13:37:16, PRNewswire

HARRISBURG, Pa., Oct. 16, 2001 (press release) -- Pennsylvania Gov. Mark Schweiker today directed immediate assistance to workers laid off from International Paper's pulp and paper mill in Erie.
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14393&_UserReference=9059651FB91F88043BCDB7DF>)

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Western-region demand for whole-log chips continues to wane

10/17/2001 07:40:55, Forestweb

By Linda K. Barr

PORT ORCHARD, Wash., Oct. 17, 2001 (Forestweb) -- Wood fiber consumption at the 22 pulp mills in the western region of the U.S. is down 13 percent this year (through September...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14414&_UserReference=9059651FB91F88043BCDB7DF>)

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  _____

International Absorbents to be featured on public television business show

10/17/2001 09:07:00, PRNewswire

BELLINGHAM, Wash., Oct. 17, 2001 (press release) -- International Absorbents Inc., a leading developer and producer of environmentally-friendly pet care and industrial products, today announced that the Company will be featured on Alexander Haig's World Business Review (WBR). The episode will air in early November on almost 200 U.S. public television stations along with some independent ABC, CBS and Fox stations. These stations include the major viewing areas of New York, Washington DC, Chicago, San Francisco and Miami, with a potential audience of over 50 million. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14421&_UserReference=9059651FB91F88043BCDB7DF>)

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  _____

Pope & Talbot announces $0.15 fourth quarter dividend

10/16/2001 12:19:33, PRNewswire

PORTLAND, Ore., Oct. 16, 2001 (PRNewswire/press release) -- Pope & Talbot, Inc. (NYSE: POP) today announced a fourth quarter dividend payment of 15 cents per share, payable on November 20, 2001, to common stockholders of record November 6, 2001, according to Michael Flannery, Chairman and Chief Executive Officer.

...
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IP posts $275 million 3Q loss; CEO vows to 'streamline and improve'

10/17/2001 05:59:07, PRNewswire

STAMFORD, Conn., Oct. 17, 2001 (press release) -- International Paper today reported third-quarter 2001 earnings of $68 million ($0.14 per share) before special items, compared with $260 million ($0.53 per share) in the third quarter 2000 and $64 million ($0.13 per share) in the second quarter 2001. All figures are before special and extraordinary items....
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Susan:
Please give me a copy of the Transfer Agreement and I will respond.
Carol

----- Forwarded by Carol St Clair/HOU/ECT on 05/16/2000 03:42 PM -----

	"Martinson, Russell" <RMartins@UtiliCorp.com>
	05/16/2000 02:05 PM

		 To: "'Carol St Clair'" <Carol.St.Clair@enron.com>
		 cc:
		 Subject: RE: Utilicorp

Carol, I wasn't able to open the images you attached to your email, but both
the ISDA and the Transfer and Termination Agreement are dated May 3, 2000.
The only possible concern would be those transactions that we are entering
into between May 3 and the day that the UtiliCorp ISDA is executed, at which
time we will actually enter into trades as UtiliCorp.  However, I believe
that we have worded the Transfer and Termination Agreement in such a manner
that, once such document is executed, all trades done as ARM will fall under
the UtiliCorp ISDA, so there shouldn't be any concerns.

I anticipate having the ISDA Transfer and Termination Agreement executed
within the week.  Feel free to let me know if you you have further
questions/concerns.

> ----------
> From:  Carol St Clair[SMTP:Carol.St.Clair@enron.com]
> Sent:  Friday, May 12, 2000 5:05 PM
> To:  RMartins@utilicorp.com
> Subject:  Re: Utilicorp
>
> <<File: pic07880.pcx>><<File: pic20420.pcx>>
>
>
> Russell:
> Please see the e-mails that Susan and I have exchanged.  Since we are
> still
> confirming deals under ARMS, does the effective date on the Transfer and
> Termination Agreement work?  I want to make sure that it covers all trades
> that
> have been confirmed with ARMS until we start confirming with Utilicorp.
> Please
> advise.
> Carol
>
> Carol St. Clair
> EB 3892
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
> ----- Forwarded by Carol St Clair/HOU/ECT on 05/12/2000 05:03 PM -----
> |--------+------------------------>
> |        |          Susan Bailey  |
> |        |                        |
> |        |          05/12/2000    |
> |        |          05:00 PM      |
> |        |                        |
> |--------+------------------------>
>
> >-------------------------------------------------------------------------
> ---|
>   |
> |
>   |      To:     Carol St Clair/HOU/ECT@ECT
> |
>   |      cc:
> |
>   |      Subject:     Re: Utilicorp(Document link: Carol St Clair)
> |
>
> >-------------------------------------------------------------------------
> ---|
>
>
>
> Carol,
>
> Not yet.  The master agreement documents were sent out by FED EX on
> Monday, May
> 8th.
>
> As for the effective date of the (a) Master Agreement and (b) Transfer and
> Termination Agreement, both documents were given an effective date of May
> 3,
> 2000.
>
>
>
>
> |--------+----------------------->
> |        |          Carol St     |
> |        |          Clair        |
> |        |                       |
> |        |          05/12/2000   |
> |        |          03:46 PM     |
> |        |                       |
> |--------+----------------------->
>
> >-------------------------------------------------------------------------
> ---|
>   |
> |
>   |       To:     Susan Bailey/HOU/ECT@ECT
> |
>   |       cc:     Sara Shackleton/HOU/ECT@ECT
> |
>   |       Subject:     Utilicorp
> |
>
> >-------------------------------------------------------------------------
> ---|
>
>
>
>  (Embedded
>  image moved   (Embedded image moved to file: pic20420.pcx)
>  to file:
>  pic07880.pcx)
>
>
>
>
>
>
> Susan:
> Has this Master been executed?  I forgot what we specified as the
> effective date
> of the Transfer and Assignment Agreement with ARMS but we need to make
> absolutely sure that the effective date covers all trades that are done by
> ARMS
> and that there is no gap between that effective date and the effective
> date of
> our Master.  Also, please make sure that Tana knows when the Utilicorp
> Master
> becomes effective so she can notify the online folks.  Thanks.
> Carol
>
>
>


Hi Dutch,

This message is to confirm our meeting with you today, Tuesday, October
23rd  from 2:30 pm - 3:30 pm, the location will be 3241 John Arnold's
office.  Attendees will be Monica Brown and Sheri Righi via phone.

Let me know if you it is okay to meet in John Arnold's office.  I can be
reached at 713-345-6687.

Thanks,
Monica L. Brown
Accenture
Houston - 2929 Allen Parkway
Direct Dial: +1 713 837 1749
VPN & Octel: 83 / 71749
Fax: +1 713 257 7211
email: monica.l.brown@accenture.com

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.


Last Friday, Amerada Hess opted to proceed first with getting the ISDA Master Agreement between ENA and Amerada Hess Corporation ("AHC") completed before addressing the Master Netting Agreement, which they believe is subject to fraudulent transfer issues, etc.  The following has occurred:

a.	Enron Corp. multiproduct guaranty in amount of $75,000,000 executed and sent to AHC on 10/29/01, as was Certificate of Incumbency attesting to authority of Mary Perkins to  sign the guaranty;

b. 	Initial draft of our comments to AHC's form Schedule was sent to AHC on 10/30/01;

c.	Draft Paragraph 13 to Credit Support Annex received from AHC;

d.	Assignment and Novation of Transactions document agreeing to assignment of financial trades previously done by Hess Energy Services Company, LLC ("HESCO") to AHC executed and sent to AHC for execution on 11/2/01 (originals sent out 11/5/01);

e. 	First Amendment to Hess Energy Trading Company, LLC ("HETCO") ISDA Master Agreement setting collateral threshold for both parties at $5,000,000 executed and sent to HETCO by fax on 11/2/01; originals were sent to Hess for execution of 11/5/01;

f.	Conference call with Chuck Cerria and Dana Dellacona to review Schedule;

g.	 Letter agreement agreeing to assignment of physical gas trades previously done by Hess Energy Services to AHC executed and sent returned to AHC on 11/6/01;

h.	Received request on 11/6/01 from Chuck Cerria at AHC to look at form of Assignment and Novation of Transactions document used for HESCO assignment for use in assigning all of AHC's financial trades to HETCO.  Reviewed document and, after confirming that I did not have any authority to sign off on the documents or the structure of the assignment until after I received the approval of Bill Bradford and our credit group, I told Mr. Cerria that they looked ok to me but probably would have to be expanded to include a statement that the transactions in question would fall under HETCO ISDA Master Agreement.  Mr. Cerria is amending the documents accordingly;

i.	On 11/6/01 sent rough draft of mark-up of Paragraph 13 to Credit Support Annex to Dana Dellacona with caveat that ENA credit had not reviewed the document, the document was being sent merely to expedite the ISDA negotiation process and the document was subject to change by ENA after credit review; also worked through it with Dana and John Butala.  Dana will be redrafting it and sending a new draft;

j.	Received redraft of Schedule to ISDA from Dana Dellacona for review during afternoon of 11/6/01.

I have told everyone at AHC that I will be out of the office on 11/7/01 but can be reached until 11:30 am at my home [(713) 942-0007].  Copies of all of the above are on my desk in a file marked "Hess".


Tanya:  the Morgan lawyer called about putting ISDA Master Agreements in
place with the following Enron entities:

Enron Canada Corp.
Enron Capital & Trade Resources Ltd. (trading UK nat gas)
Enron Liquid Fuels Inc.   (trading propane)

She indicated that guaranties were all about to expire in June.
All of Morgan's commodity business is being centralized in the above Morgan
entity.
Please let me know how you are going to handle this in case Beth Ng calls me
back.  Thanks.  Sara