As part of the Bush National Energy Plan, EPA was instructed to undertake a "90 Day Review" of New Source Review (NSR) regulations and report to the President on August 17, 2001 on "how NSR is affecting the energy industry."  One month later, it will make more specific recommendations as to possible changes that could be made to NSR.

While EPA's review includes long-term options like complete legislative overhaul of the Clean Air Act, it is likely that it will consider many of the more short term options available to it under existing regulatory/administrative authority.

In the process of developing its recommendations, EPA published a "Background Paper" and opened a docket soliciting public comment on a broad range of issues pertaining to NSR.  EPA has also held public hearings and numerous stakeholder meetings.  Enron participated in stakeholder meetings, and also submitted written comments -- as part of several organizations (EPSA, Clean Power Group, INGAA) and individually.

The attached Enron comments, submitted last Friday, July 27,  reflect input from numerous commercial sources.  NSR impacts a number of commercial interests, including:
development, siting and finance of new power plants;
origination activities with customers seeking to upgrade, expand or modify power facilities;
trading/risk management for power, gas, coal, emissions allowances;
finance/deployment of emissions control technologies;
industrial markets such as forest products, steel, refining/chemicals
power generation and natural gas pipeline operations

We will continue to have opportunities to provide input into the process through EPA and the Administration, and would welcome further comments or examples of impact on our businesses.  Please let me know if you have any questions, or would like additional background information.  I will keep you posted on the progress of this issue as developments occur.

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


Sam,

Nice card.

Thanks.

Vince

wsmith2@enron.com on 05/02/2000 01:54:53 PM
Please respond to wsmith2@enron.com
To: vkamins@enron.com
cc:
Subject: Thank You - from Sam Smith

You have just received an animated greeting card from Sam Smith
You can pick up your personal message by using the following Web location.

http://www2.bluemountain.com/cards/box7782s/ekj6ksttmjabab.htm

(Your card will be available for the next 90 days)
There is no charge for this service! :)  HAVE a good day and have fun!

____________________________________________________________
Accessing your card indicates your agreement with our Website Rules
posted at the bottom of the following Web location: (You're welcome to send a
card at no charge to someone at this location)
http://www.bluemountain.com/


Steve,

Thanks a lot.

Vince


The Methanol Plant is still on target to begin making spec methanol on
Friday, July 28.   The plant may start taking some natural gas late Tuesday,
July 25.

Because of dredging at the Oxy dock, no barges can be loaded July 31 to
August 3.


Trigger/Determined Amount inverse relationship:

"In the event the Trigger Price is increased to equal the Other Trigger
Price, the Determined Amount shall be reduced so that the Effective Share
Price is increased in direct proportion to the increase in the Trigger
Price.  The "Effective Share Price" shall be the result obtained by dividing
X by Y where "X" equals the product of the Price Per Share multiplied by the
Number of Shares, and "Y" equals the Number of Shares plus the Determined
Amount."

Paragraph 3(a) first paragraph, 3rd sentence replacement:

"In the event that, but for this Section 3, titled "Other Provisions," Party
B would be obligated to deliver a number of Shares equal to the Determined
Amount plus the Excess Shares, Party B shall have an ongoing obligation to
satisfy delivery of the Excess Shares; provided however that the number of
Excess Shares to be delivered hereby shall not exceed [________] shares.
Party B may, at its sole option, satisfy delivery of the Excess Shares by
using its best efforts to increase its Authorized Shares or by delivery of a
cash payment equal to the [product obtained by multiplying the Excess Shares
by the Final Price]."


Hi Laura:
I'll be forwarding you additional information per your phone call with
Steve.  You can expect it either later this evening or first thing in the
morning.  And please feel free to contact me at the following numbers:

direct dial: 415.782.7822
pager:  888.916.7184
cell phone: 415.505.6633

Best,
Jeff


Mary--For $395, a CD rom of this would be helpful (as opposed to my giant
stack of paper on my desk method).  I'll look into this with Linda Lawrence
to see if it makes sense to order.  Thanks!

Mary Hain
02/01/2001 04:35 PM
To: Christi Nicolay
cc: James D Steffes/NA/Enron@Enron

Subject: NEW: Generator Interconnections: A Primer on Procedures and
Agreements

Do you want to get this or are you already an in-house compendium?
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2001 02:45 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "EEI Energy Delivery Group" <EDGroup@eei.org>
 02/01/2001 01:23 PM

To: <blichte@ENRON.com>, <fking@ENRON.com>, <Lhuber@ENRON.com>,
<mary.hain@ENRON.com>, <mpavlou@ENRON.com>
cc:
Subject: NEW: Generator Interconnections: A Primer on Procedures and
Agreements

Generator Interconnections: A Primer on Procedures and Agreements
A comprehensive review of the key terms and conditions of Generation
Interconnection Procedures and Agreements.
Includes:
Complete citations;
Format allowing for quick comparative analysis;
Interactive CD-ROM containing an interactive Excel matrix, a PDF file and a
Microsoft Word document.
Interconnection procedures and FERC rulings for:
American Electric Power
Carolina Power and Light
Commonwealth Edison
Entergy
New England Power Pool
PJM Interconnection
Southwest Power Pool
Interconnection agreement provisions and FERC rulings for:
Ameren
Central P&L
Cinergy
Commonwealth Edison
Detroit Edison
Entergy
Georgia Power
Niagara Mohawk
Free Updates!  With your purchase, receive free updates through 2001 as
events warrant.  New CD-ROMs containing the updates will be mailed to you
free of charge.
The first update will be mailed in mid February and will cover:
Virginia Power
Consumers Energy
Arizona Public Service
Future updates will include:
Southern
Duke Energy
Others, as warranted
Prepared for EEI by Bruder, Gentile & Marcoux, L.L.P.
Item # 13-00-07-008, EEI, 2000
EEI Utility Member Price: $395.00
EEI Associates Price: $595.00
List Price: $695.00
TO ORDER: Call 1-800-EEI-5453 (US/Canada) or 1-301-645-4222 (Int'l)
For more information, please contact the EEI Energy Delivery - Transmission
Group.

E: EDGroup@eei.org
P: (202) 508-5197
F: (202) 508-5445
 - TEXT.htm


Daren:

Just wanted to follow up with you on the April noms at Texas
City..............   the volumes recorded for April 1 were 5300 and 1165...
since we have been directed not to change Sitara deal tickets for now, would
you please correct?

Thanks!!

Charlotte

---------------------- Forwarded by Charlotte Hawkins/HOU/ECT on 04/04/2000
01:37 PM ---------------------------

	From:  Charlotte Hawkins                           03/30/2000 11:33 AM

To: Daren J Farmer/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT
cc: Vance L Taylor/HOU/ECT@ECT, Mary Jo Johnson/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT
Subject: April, Aspect Volume @ Texas City

For April 1, 2000:

Cross Media                         989815 =    903 MMBtu
TNCT                                      989816  = 5878  MMBtu

Any questions, just call.

Thanks,

Charlotte Hawkins


besides - you weren't the only one that wasn't there last week

Nick Hiemstra
10/17/2000 08:32 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Game Tomorrow @ 7

Yeah, yeah, I know.  I already apologized and it won't happen again.  Once
again, sorry I wrote down the wrong time.  I'll be there at 6:30 this week.

- nh

P.S. Do you really have better things to do?

	Enron North America Corp.

	From:  Eric Bass                           10/17/2000 08:23 AM

To: Matthew Lenhart/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Jeffrey C
Gossett/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT, Nick
Hiemstra/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron, Amir Ahanchian/Enron
Communications@Enron Communications, Brian Hoskins/Enron Communications@Enron
Communications
cc:
Subject: Game Tomorrow @ 7

Contrary to popular belief, the people that actually show up to the game do
have other things they can do if they know that the other team members will
not show up.  So, let me know whether or not you will be there.


LVC II is the only deal I know of requiring BoD approval.  FYI--Inga is swirling around again--BoD approval will not be required if a decision is made to move ahead near the price point approved in December.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Thursday, April 19, 2001 7:50 AM
To:	Schneider, Chip
Subject:	Re: BOD Agenda deadline - TODAY!

Can you please verify that the only thing on the board agenda for Enron Americas is Las Vegas - thanks
Louise

From:	Chip Schneider/ENRON@enronXgate on 04/19/2001 07:18 AM
To:	Louise Kitchen/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, W David Duran/HOU/ECT@ECT, Jeffrey McMahon/ENRON@enronXgate, Tim Battaglia/Enron@enronXgate, Rodney Malcolm/ENRON@enronXgate, Brad Richter/Enron Communications@Enron Communications, Dale Surbey/Enron Communications@Enron Communications
cc:	Jonalan Page/PDX/ECT@ECT

Subject:	BOD Agenda deadline - TODAY!

This is a reminder that today (Thursday, 4/19/01) is the deadline for submitting Finance Committee agenda items to Rebecca Carter.

Please contact me as soon as possible if you know of anything that has a possibility to be added to the Finance Committee Agenda.  All presentations as approved by Rebecca Carter, fully executed DASHs and Legal Resolutions should be turned in to Sharon Sullo by Friday, April 20.


Jana,

Friday, July 28th works for us. We can work out details
closer to the 28th.  If you take  Hardy Toll Road, you will need about 40-45
minutes
to get to the Woodlands on Friday after 6:00 p.m. I shall send you detailed
directions
later.

Look forward to seeing you again.

Vince

Jlpnymex@aol.com on 07/06/2000 09:07:09 AM
To: vkamins@enron.com
cc:
Subject: dinner

Vince,
Sorry it has taken me awhile to get back to you.  We were trying to sort out
our plans.

How does Friday, July 28 look?  Does it take about an  hour to get up there?

thanks

Jana


Tara and Matt,

Pipeline Name		Msg_Received_DTM		Msg_Desc		Status
----------------------		------------------------------------	--------------------------	-----------------------------------
N/A			N/A				N/A			N/A

Notice Kern web site was up this morning after experienced some period of down time yesterday.  I turned job for Kern cycle 3 back on early this morning and all the data were captured since the time it was down (5/1/2001).

Eddie


The International Bar Association Section on Energy & Natural Resources Law and the Section of Business Law Utility Committee presents, the Sixth Electricity Conference.   The conference "Restructuring Revisited: Has Electricity Reform Gone Awry? will be held on February 25-26, 2002, at the Claremont Resort and Spa in Berkeley, California.

This conference will focus on the challenges that electricity restructuring initiatives are facing in different regions of the Americas, with special emphasis on the recent experiences in California and other parts of the USA, Mexico, Brazil, Argentina and Canada.

It will examine the implementation of advanced restructuring concepts on governments, regulators and power industries, as well as the implications of future electricity restructuring, reform and privatisation initiatives around the world.

Here are the titles of the sessions that will be presented:
* The Current Status of Electricity Restructuring and Reform: Where are Electricity Markets Going? A Global View
* California: A Case Study
* Experiences in Restructuring from Latin America
* Implementing Electricity Restructurings: Specific Lessons from California and Abroad
* Expanding Supply: The Tension Between Facility Expansion and Environmental Protection
* Protecting Competition in Restructured Markets: New Challenges for Regulation and Antitrust/Competition Law Enforcement
* Governing, Managing and Regulating Through Crisis: Lessons from California and Elsewhere: Panel Discussion

To get the complete program schedule and to obtain registration information, visit the meetings and events page on the EBA website by clicking on the link below.

<http://www.eba-net.org/meetings.htm>


As we discussed, LG&E Energy would like to visit the Wheatland facility on
Wednesday, October 25 and the Gleason facility on Thursday, October 26.
Please confirm these dates.  If you need to call me, I can be reached at
502-627-3696.

Thanks


At this point, the following applies:

1) European Customer Profile Due Diligence on existing EnronOnline customers
(for determining whether or not the customers may ultimately be granted
Execute status or not) has been completed or the UK and Finland, but is
outstanding for Germany, Norway, Sweden, Switzerland.

2) North American Customer Profile Due Diligence on existing EnronOnline
customers is complete. Canadian customers cannot have any access and there
are no insurmountable reasons why a U.S. customer might not have Execute
Access.

3) There are 5 approved Reference Entities - Expected to be 25 by tonight or
tomorrow.

4) There are 50 Company Profiles with Execute Status.

5) Everything is in place technically to have the Reference Entities and
Customer Profiles running for Wednesday morning.

If anyone is under an understanding different to the above, please call me.

Thanks,

Dave


The commission suspended Direct Access effective September 20th.
The decision orders the utilities to stop accepting DASRs for contracts executed after 9.20.01.
But astonishingly, the language in the proposed decision states that the Commission will take more time to consider whether the effective date should be pushed back to July 1.  In short, that battle continues.
How the Commission will proceed in continuing to consider retroactivity is uncertain at this time.
The Commission held over until its next meeting the decision regarding the rate agreement between DWR and the PUC.

Best,
Jeff


How important is this fight to us now (see attached article on ExIm)?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 10:41 AM -----

	Ann M Schmidt
	03/07/2001 08:19 AM

		 To: Ann M Schmidt/Corp/Enron@ENRON
		 cc: (bcc: Steven J Kean/NA/Enron)
		 Subject: Enron Mentions

Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
The Wall Street Journal, 03/07/01

Plots & Ploys
The Wall Street Journal, 03/07/01

Dutch Gas Competition Grows Despite Sluggish Reforms
Dow Jones Energy Service, 03/07/01

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.
Reuters English News Service, 03/07/01

Major U.S. Exporters Rush to Export-Import Bank's Defense
Dow Jones Business News, 03/07/01

What's News
United States
The Globe and Mail, 03/07/01

Deal with state could take until 2002 to close
Associated Press Newswires, 03/06/01

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report
Dow Jones Energy Service, 03/06/01

Many Power Deals Announced by California Governor Still Not Final
Dow Jones Business News, 03/06/01

US Natural Gas Prices Fall As Demand Slips In Most Areas
Dow Jones Energy Service, 03/06/01

Economy
Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
By Michael M. Phillips and Laura Heinauer
Staff Reporters of The Wall Street Journal

03/07/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers.
Boeing Co., Caterpillar Inc., Enron Corp., Halliburton Co. and others are
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions; the White House labels the Ex-Im
Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
"Companies large and small who have similar interests here are banding
together to provide an educational effort so people understand the impact of
this," said Chris Hansen, Boeing senior vice president for government
relations.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
"We'll be circulating them very broadly," Mr. Rice said.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
At first, business lobbyists assumed administration budgeteers were just
looking for savings anywhere they could find it. Before President Bush
released his spending plan last week, companies appealed to Mitchell Daniels,
head of the White House budget office, in an attempt to keep the Ex-Im Bank
cuts out of the final proposal.
The Ex-Im Bank's corporate clients include some of the country's largest
political contributors. Boeing, the bank's largest user, received $3.3
billion of financing last year. The Seattle aerospace company and its
employees contributed $1.8 million to politicians and parties during the 2000
election cycle, 61% to Republicans, according to federal election data
assembled by the Center for Responsive Politics. Caterpillar, a Peoria, Ill.,
maker of engines and heavy equipment that secured seven Ex-Im Bank deals last
year, and its employees contributed more than $500,000 -- 96% to Republicans.
Company officials deny they wanted to leverage donations to try to secure
political support for the Ex-Im Bank.
Many lobbyists have come to the conclusion that administration officials --
those of a libertarian persuasion -- oppose Ex-Im Bank as a form of welfare
for corporations. Indeed, the White House budget plan criticized the bank's
operations as unjustified public subsidies for companies. "That makes it a
much more serious issue," Mr. Rice said. "We're concerned that the
administration seems to be turning its attention in this direction."
Barring intervention from Mr. Cheney, business groups now have largely given
up hope of convincing the White House to back down, planning instead to use
their muscle to convince Congress to restore the Ex-Im Bank's funding. Bank
officials and U.S. companies argue that, far from being a subsidy, the bank
simply allows American companies to compete with European and Japanese firms
that receive assistance from their own governments.
"In many markets in Asia and Africa, the bank is absolutely critical to our
ability to sell American-made products," said Bill Lane, Caterpillar's
Washington director for governmental affairs.
--- Corporate Beneficiaries

Top 10 recipients of Ex-Im Bank loans, guarantees and insurance for
fiscal year 2000, as measured by amount of financing, in millions

Boeing $3,335
Bechtel Group $1,075
Distributed Processing Systems $388
Willbros Group $387
United Technologies $334
Raytheon $156
General Electric $150
Halliburton $136
Enron $135
LSI Logic $120

Source: Ex-Im Bank

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

The Property Report
Plots & Ploys
By Peter Grant

03/07/2001
The Wall Street Journal
B10
(Copyright (c) 2001, Dow Jones & Company, Inc.)

[What's Brewing in the Real Estate Market]
No Problem, Houston
CENTURY DEVELOPMENT is about to announce plans to break ground on downtown
Houston's third major office development in less than three years. In another
sign of the strength of the city's energy sector, Century is finalizing a
headquarters deal with Reliant Resources Inc. to take more than two-thirds of
the project's 850,000 square feet, says Edwin Murphy, a Century senior vice
president.
Two other towers also are underway. In 1999, Hines began building a 1.2
million square-foot tower for Enron Corp. and late last year Crescent Real
Estate Equities broke ground on a 27-story tower that will be anchored by
Ernst & Young. These three projects are the first major downtown office
projects to get underway since 1986.
The surge is part of a renaissance of downtown Houston, where new sports
facilities, hotels, apartment buildings and restaurants have been mushrooming
in recent years. "The new amenities have kept people from leaving and enticed
people to come back," says Michael Hassler, of CB Richard Ellis.

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

Dutch Gas Competition Grows Despite Sluggish Reforms
By Germana Canzi
Of DOW JONES NEWSWIRES

03/07/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- The Netherlands is emerging as an important testing
ground for E.U. gas liberalization, as new trading hubs for competitive,
short-term gas supplies from the U.K. and Norway emerge on the Belgian and
German borders.
However, much remains to be done. A group of large energy users and traders
is preparing to confront Gasunie Thursday in a hearing organized by the
regulator. The main issues of contention are the balancing system, which
Gasunie conducts on an hourly basis, the extent to which transport tariffs
are cost-focused and third-party access to storage facilities.
The emergence of competition in the Dutch gas sector is mostly due to the
initiative of new market entrants who, despite a difficult regulatory
environment, have managed to develop a market for short-term gas virtually
from scratch.
If liquidity improves in these emerging hubs, the Netherlands could become an
important transit country for freely tradeable gas supplies to other
countries in northwest Europe, as well as being an important market in its
own right. However, the difficulty of implementing transparent third-party
access systems in the Netherlands and in neighboring Germany casts a dark
cloud over recent progress in competition.
Since December, Enron Europe Ltd. (U.ENE), Duke Energy Corp. (DUK), E.On AG
(EON), RWE AG (G.RWE) and Electrabel SA (B.ELE) have been actively buying and
selling gas, sourced in the U.K., the Netherlands and Norway, in a number of
hubs between Emden in Germany and Emshaven and Oude Statenzijl in the
Netherlands.
David Gallagher, head of European gas trading at Enron in London, estimates
that at least one trade a day of around 100,000 therms for a quarterly
contract is done at the Oude Statenzijl hub, where the Gasunie pipeline
system connects to the network of Wingas GmbH.
An important element kick-starting short-term trading was the sale, in
December 2000, of a 2 billion cubic meter a year Norwegian gas supply
contract to five Dutch-based power generators.
Robert van der Hoeven, head of fuel procurement at Electrabel, the owner of
Dutch generator EPON, said his company uses most of the gas it imports from
Norway for its plants in the Netherlands and trades the rest on a short-term
basis in the Oude-Emden area. This pattern is common to the other Dutch-based
parties to that contract.
Trading in Dutch hubs received a further boost when Nederlandse Gasunie NV
(N.NEG) decided, after months of wrangling with regulator DTe, to lower its
transport tariffs by 6.5% from January 2001 and to unbundle its combined
commodity and service tariff, the so-called CSS system, from July 2001.
Gasunie now claims its pipeline system is fully open and transparent. To
prove this, it says it has lost 30% of its customers in the eligible market,
but that figure hasn't changed much since March 2000. Small wonder that
critics say the switching figure doesn't necessarily indicate an ideal system
of third-party access.
According to energy consultants The Brattle Group, around half of the gas
used by alternative suppliers goes through the 1 bcm/year Zebra pipeline from
Zelzate to Zeeland, which was built by Dutch utilities a few years ago
precisely because Gasunie refused to provide access on favorable terms.
Shippers have complained that the hourly system used by Gasunie to balance
the pipeline system raises the overall cost of shipping through its network
significantly. Gasunie imposes a balancing charge which effectively forces
shippers to pay for the extra gas brought into the system from storage sites,
in addition to the capacity and transmission price. Critics say Gasunie has
so far failed to unbundle these charges, although it agreed to do so in
January.
According to the Brattle Group, another controversial aspect of Gasunie's
tariff system is that it is based on theoretical costs of constructing new
pipelines rather than its actual costs.
The DTe is also considering ways of reforming the storage system to make it
competitive. BP PLC (U.BP) and Nederlandse Aardolie Maatschappij NV operate
storage facilities and lease capacity to Gasunie through long-term contracts.
The regulator is studying ways of allowing third parties access to storage
facilities. Gasunie has so far shown little sign of negotiating more
competitive tariffs with storage operators and passing on the benefits to
customers, critics say.
The growth of short-term trading in the Dutch gas market is also inevitably
linked to its potential as a transit country for gas coming from the
U.K.-Belgium gas interconnector and going towards the 82bcm-a-year German
market.
Market participants say liquidity at the Emden and Oude hubs has grown
considerably since E.On and RWE started trading there earlier this year.
However, the obstructive attitude of incumbents toward third-party access
there has meant that so far most gas traded in the Netherlands has remained
there.
-By Germana Canzi, Dow Jones Newswires; +44 20 7842 9283;
germana.canzi@dowjones.com

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

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.

03/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, March 7 (Reuters) - America's largest exporters are launching an
aggressive lobbying campaign on Capitol Hill to protect the Export-Import
Bank from budget reductions, the Wall Street Journal reported in its online
edition on Wednesday.
The exporters, including Boeing Co. , Caterpillar Inc. , Enron Corp. ,
Halliburton Co. and others, are angry and confused that a Republican
administration has targeted one of their favourite programmes for big cuts,
the paper reported.
Ex-Im Bank officials were not talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25 percent cut in
the bank's $865 million operating budget for the current fiscal year, which
ends Sept 30, it said.
The White House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," Edmund
Rice, president of the Coalition for Employment Through Exports, an industry
group that is leading the effort, was quoted as saying by the paper.
Executives at Boeing, Caterpillar and other big companies plan to contact
some 100,000 smaller suppliers who benefit indirectly from the $12.6 billion
of export loans, guarantees and insurance that Ex-Im Bank provided in the
last fiscal year, the paper said.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank, it said.
New York Newsroom (212) 859-1700.

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

Major U.S. Exporters Rush to Export-Import Bank's Defense

03/07/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers, Wednesday's Wall Street
Journal reported.
Boeing Co. (BA), Caterpillar Inc. (CAT), Enron Corp. (ENE), Halliburton Co.
(HAL) and others are launching an aggressive lobbying campaign on Capitol
Hill to protect the Export-Import Bank from budget reductions; the White
House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Report on Business: The Wall Street Journal
What's News
United States
Wall Street Journal

03/07/2001
The Globe and Mail
Metro
B10
"All material Copyright (c) Bell Globemedia Publishing Inc. and its
licensors. All rights reserved."

Boeing Co., Caterpillar Inc. and Enron Corp. are among the big U.S. exporters
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions. The White House labels the Ex-Im
Bank as corporate welfare. "The administration has fired its shot, and now
we're firing ours," said Edmund Rice, president of the Coalition for
Employment Through Exports, an industry group leading the campaign. Since
they got wind of the proposed cuts a few weeks ago, business lobbyists have
been trying to rally sympathetic U.S. law makers.

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

Deal with state could take until 2002 to close
By LESLIE GORNSTEIN
AP Business Writer

03/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LOS ANGELES (AP) - A tentative deal aimed at rescuing Southern California
Edison from insolvency might not close in time to prevent the utility from
begging creditors for more patience, Edison officials said Tuesday.
The utility's tentative, $2.7 billion agreement to sell its power lines to
the state could take until 2002 to be consummated, thanks to complicated
legal issues and other paperwork, an Edison official told bondholders Tuesday.
Once the deal is signed, Edison will try to borrow against the promised cash,
but Edison International Chief Financial Officer Ted Craver admitted the
utility might have to ask creditors to simply wait for their money until it
has the $2.7 billion in hand.
Energy suppliers owed money by Edison did not immediately return calls for
comment Tuesday.
At least four groups of suppliers have sued Edison for millions in unpaid
bills going back months. Edison and fellow utility Pacific Gas & Electric
have said they have lost $13 billion on the open power market thanks to
soaring prices paired with state-imposed price caps.
PG&E's parent company was able to recently borrow $1 billion to pay its
stockholders and its debuts. It did not use any of that money to pay PG&E's
bills.
Edison's disclosure, meanwhile, shocked state officials.
Steve Maviglio, spokesman for Gov. Gray Davis, initially declined to comment
on the status of the Edison deal, but eventually said, regarding its closure,
"We're optimistic it will be sooner rather than later."
The pacing would have nothing to do with whether fellow utilities Sempra
Energy and PG&E also sell their transmission lines to California, Craver
said.
Among the things that could delay the deal's closing is Edison's need to find
landowners on whose property its lines were built to assure no legal
agreements are being violated by the sale. Edison would also have to pin down
exactly what it would be selling to the state - terms that might not be
decided until after a deal has been inked, Craver said.
"Trust me," Craver said in a phone call after the conference. "There are a
lot of legal-type documents - stuff that you and I ... would think of as a
bloody nightmare."
The disclosure comes at a time when an increasing number of power suppliers
are suing the utility for millions in unpaid bills.
Edison also disclosed Tuesday that two more lawsuits had landed in its lap -
one by a group of wind-powered generators including Enron Wind, the other by
two suppliers including New York-based Caithness Energy.
Both suits were filed during the past five days, Edison Assistant General
Counsel Barbara Reeves said. It was not immediately clear how much the
complainants were seeking; neither Enron nor Caithness returned calls for
comment.
The two filings bring the total number of suits by renewable-energy suppliers
against Edison to four, the utility said. The city of Long Beach and
CalEnergy Operating Group, a geothermal supplier, have also sued for back
payments.
CalEnergy alone has said it is owed $45 million in November and December
payments.
The line sale, part of a multifaceted, tentative deal with the state that
could save Edison from insolvency, could take anywhere from several months
into next year, Craver said.
The tentative deal, announced by Gov. Gray Davis Feb. 23, calls for the state
to pay more than twice the book value for Edison's lines.
It also would require Edison to sell cheap power to the state for a decade
and for Edison to end its lawsuit against state regulators. The suit asserts
that price caps imposed by the California Public Utilities Commission are
illegal under federal law.
Additionally, Edison's parent would have to return $420 million it collected
from the utility over the past several years. The money was used to pay debt,
buy back stock and pay dividends to investors.
SCE, PG&E and Sempra have complained they are near bankruptcy because of
soaring prices on the open market combined with the state-imposed price caps
for consumers.
Sempra and PG&E have yet to announce similar line-sale deals with the state,
though they and the governor have said negotiations are ongoing. The total
cost of the 26,000 miles of lines has been estimated at $4.5 billion to $7
billion.

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

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- Sierra Pacific Resources (SRP) CEO Walter Higgins
said in an interview last week that he doubts the company's $3.1 billion
acquisition of Enron Corp.'s (ENE) utility Portland General Electric will be
approved by the federal Securities and Exchange Commission, the Las Vegas Sun
reported Tuesday.
The SEC must find that Sierra Pacific is in a strong financial position
before it will approve the deal, but the company is currently weakened by
having lost millions of dollars in fuel and purchased power costs, Higgins
said in the report.
A $311 million rate increase to cover those costs began March 1, but Higgins
said that money would only pay back those expenses and wouldn't improve the
company's stability to a level the SEC would find adequate, according to the
report.
The Public Utilities Commission can halt the rate hike and order refunds if
it decides the hike isn't necessary. The PUC is holding hearings to determine
the prudency of the hike, and members of the state's powerful casino and
mining industries have filed to intervene.
Sierra Pacific's plan to shore up its financial position through the sale of
its 10 power plants, worth nearly $2 billion, may also be in jeopardy. The
state Senate is considering a bill to block the sales, and Nevada Gov. Kenny
Guinn recently sent a letter to the PUC asking that it reconsider its order
allowing electric utilities to sell assets.
Financial analysts have said that not allowing Sierra Pacific's two utilities
to sell their assets would have a ripple effect on the company's financial
position. The asset sales are tied to low-priced power contracts, and if the
sales are canceled, the low-priced power will be gone as well.
"If the divestiture is stopped...the state may be dealing with a much bigger
rate increase," Steve Fleishman, Merrill Lynch utility analyst, told Dow
Jones Newswires recently.
Sierra Pacific is the parent company of electric utilities Sierra Pacific
Power Co. and Nevada Power, which serve customers in the state's North and
South, respectively.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
jessica.berthold@dowjones.com -0- 07/03/01 01-04G

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

Many Power Deals Announced by California Governor Still Not Final
By Jason Leopold

03/06/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Dow Jones Newswires
LOS ANGELES -- Many of the long-term power-supply contracts announced by
California Gov. Gray Davis this week remain under negotiation or are the
subject of ongoing lawsuits, power suppliers said Tuesday.
The lack of finality to the deals raises questions about the state's success
in covering its power needs, particularly going into what is expected to be
an unusually tight summer.
Generators said privately they were surprised the governor went ahead with
his announcement Monday, given that many of the contracts haven't been
signed.
David Freeman, general manager of the Los Angeles Department of Water and
Power, who negotiated the contracts on behalf of the state, conceded that
details remain to be worked out. "This is not a done deal," Mr. Freeman said,
adding that credit concerns are keeping generators from signing the deals.
Gov. Davis announced Monday that California has secured 40 long-term
contracts that will provide California with about 629 million megawatt hours
of electricity over 10 years, at a price of more than $40 billion. A megawatt
hour is roughly the amount of electricity needed to power 1,000 homes.
Several of those forward deals, however, involve contracts originally held by
Edison International (EIX) unit Southern California Edison and PG&E Corp.
(PCG) unit Pacific Gas & Electric at the California Power Exchange,
previously the state's main power market.
The governor seized those contracts earlier this year, just before the Power
Exchange liquidated them to cover hundreds of millions of dollars in power
bills the utilities had failed to pay.
The contracts, which total about 1.3 million megawatt hours of electricity
and have a market value of about $1 billion, according to market sources,
have yet to be paid for or signed over to the state. Duke Energy Corp. (DUK),
one of the suppliers that sold the contracts to Pacific Gas and SoCal Ed, has
sued Gov. Davis for unlawfully commandeering those contracts.
Although Duke has reached an interim settlement to continue providing power
to the state Department of Water Resources until April 30, the company and
the Davis administration still have to "develop a comprehensive long-term
settlement to pay for the power supply contracts," said Duke spokesman Tom
Williams.
The governor went ahead with the announcement, because the California
Department of Water Resources believes it will be able to finalize and sign
the contracts over the next several weeks, Davis spokesman Steve Maviglio
said.
Separately, several suppliers named in the governor's announcement Monday --
including Duke, Reliant Energy Inc. (REI), Mirant Corp. (MIR), Sempra Energy,
Enron Corp. (ENE) and Avista Corp. (AVA) -- said they have yet to sign final
agreements with the state, although negotiations were ongoing.
"We are working in good faith with the DWR toward a long-term contract," said
Art Larson, spokesman for Sempra Energy Resources, a unit of Sempra. Mr.
Larson said Sempra signed a terms of agreement with the water-resources
department and expects to reach a final agreement over the next several
weeks.
Reliant said it has only signed a short-term contract with the state that
expires in about two weeks. The company will only sign a long-term contract
once it's paid more than $400 million owed by Pacific Gas and SoCal Ed,
spokesman Richard Wheatley said.
Mirant said it also won't sign contracts with the state until it's paid.
Enron said it's reached agreement on terms with the state, but has some
credit-related details to hammer out. "Everything's been agreed to except for
some credit technicalities," Enron spokesman Mark Palmer said.
Meanwhile, small, independent power plants in California that are capable of
generating 1,800 megawatts of power are shut down because their owners
haven't been paid by the state's two main utilities, the California
Independent System Operator said Tuesday.
The decline in small-plant output has contributed to the state's power-supply
problems the past two months. Partnerships involving El Paso Corp. (EPG), for
example, shut down 350 megawatts of generation last weekend due to
nonpayment, the company said Tuesday.
SoCal Ed hasn't paid the owners of the smaller generators, known as
"qualifying facilities," since early December, which means the generators are
still owed for electric production in October, while PG&E has paid only a
small percentage of its qualifying facility bills since its last full payment
in early January.
The plants, one-third of which are powered by renewable sources like wind and
solar power, meet almost 30% of California's electricity needs. Almost all of
the closed generators are fueled by natural gas, and many haven't been able
to pay their gas suppliers and have been cut off from their gas supply.
The California Senate Energy Committee plans to vote on legislation to create
a new pricing system for all qualifying facilities this week. The proposed
bill would cut the prices to qualifying facilities from about 17 cents a
kilowatt-hour the past eight months to about eight cents, depending on the
price of five-year natural-gas contracts the generators can sign. The plants
that run on renewable resources would be paid 5.4 cents a kilowatt-hour.
-- Mark Golden contributed to this article.
Write to Jason Leopold at jason.leopold@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

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

US Natural Gas Prices Fall As Demand Slips In Most Areas

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- U.S. natural gas physical prices fell Tuesday as demand
eased, except in the Northeast and Southeast areas of the country, traders
said.
Heavy snowstorms in the upper Northeast supported some pricing, as did cooler
weather in Georgia, the Carolinas and the Florida panhandle.
Some storage buying occurred in Texas "if they could make it work," a trader
said.
"It was a pretty uneventful day," a Gulf Coast trader said late Tuesday.
Also, because of the snowstorm in the Northeast, traders had purchased gas
ahead of time to make up for needed load, he said.
A scheduled work outage on Enron's Transwestern San Juan lateral in New
Mexico was completed, and the return of a power plant in California
alleviated demand in the West, traders said.
At the Arizona-California border hub, buyers paid around $13-$33 a million
British thermal units, West Coast traders said, down as much as $15 from
Monday.
At PG&E Citygate, prices were mixed, with buyers paying $9.75-$10.65/MMBtu,
down 25 cents on the bid, up 15 cents on the offer.
In the Midwest, Chicago Citygate prices fell 7 cents-8 cents to a range of
$5.42-$5.53/MMBtu. Alliance Pipeline into Chicago traded around
$5.47-$5.52/MMBtu, down 4 cents to 9 cents from Monday.
The Nymex April natural gas futures contract settled at $5.315/MMBtu, down
2.1 cents in a tight, range-bound, uneventful session that started late due
to bad weather.
Physical gas prices at the benchmark Henry Hub in south Louisiana ended in a
range of $5.25-$5.30/MMBtu, down 2 cents-6 cents from Monday.
Transcontinental Gas Pipe Line at Station 65 deals were made in a similar
range of $5.26-$5.35/MMBtu, down 2 cents on the bid, unchanged on the offer.
At Katy in East Texas, buyers paid $5.21-$5.30/MMBtu, down 5 cents-6 cents.
At Waha, prices fell 9 cents-12 cents to a range of $5.15-$5.30/MMBtu.
-By John Edmiston, Dow Jones Newswires; 713-547-9209;
john.edmiston@dowjones.com

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


I think this is an excellent letter.  I agree with Sue's comments and have
included her changes on Page 3.  All changes have been marked in this version.


Return-Path: <MSandlin@tmh.tmc.edu>
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From: "Sandlin, Marlin, M.D." <MSandlin@tmh.tmc.edu>
To: "'Key Collie'" <KCollie70@AOL.com>, "'Woody Tausend'" <wtausend@yahoo.com>,        "'Peter Wareing'" <pwareing@aol.com>,        "'Bob Pickett'" <bpicke@hal-pc.org>,        "'Carole'" <carole@healthoptions.com>,        "'Charles Williams  (home)'"	 <CHARLESMWILLIAMS@MSN.COM>,        "'Charlotte Brumfield'"	 <remaxlv@worldnetla.net>,        "'Chressa Carnahan (home)'" <chressa@ev1.net>,        "'David King  (Home)'" <deking@houston.rr.com>,        "'Gloria Starry'"	 <GStarry@resdata.com>,        "'Gordon Dees'" <GordonDees@msn.com>,        "'Gordon Dees'"	 <GordonDees@msn.com>,        "'hoytbrown'" <hoytbrown@qwest.net>,        "'John Crawford'"	 <jlccutter@yahoo.com>,        "'Scott Helma'" <helma@hal-pc.org>,        "'Suzanne Gay'"	 <ssglib@earthlink.net>
Subject: FW: Tonight at 9:30 Central
Date: Wed, 19 Sep 2001 21:24:31 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain;	charset="iso-8859-1"

-----Original Message-----
From: seburgher [mailto:seburgher@msn.com]
Sent: Wednesday, September 19, 2001 2:25 PM
To: Laurel Douglass
Subject: Fw: Tonight at 9:30 Central

----- Original Message -----
From: "Donna C. Dawson" <donnadawson@bigplanet.com>
To: <Undisclosed-Recipient:;>
Sent: Tuesday, September 18, 2001 3:19 PM
Subject: Fw: Tonight at 9:30 Central

> Subject: Fw: Tonight at 9:30 Central time
> I just heard on the radio that the U.S. has asked that everyone step
> out on their lawns tonight at 10:30 Eastern time (9:30 Central, 8:30
> Mountain, 7:30 Pacific) and light a candle.  They will be taking a
satellite
> picture
> of the U.S. and posting it on the news tomorrow morning. Please pass this
on
> to as many people as possible.
>
>
>


Start Date: 3/5/01; HourAhead hour: 19;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030519.txt


Thanks. Please provide me a binder at your earliest convenience.

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Thursday, January 17, 2002 4:46 PM
To:	Aronowitz, Alan; Tweed, Sheila; Puchot, Paul
Subject:	Executed Master Netting Agreement Binders

All,

Delivered to Raj Thapar were duplicate binders of the Master Netting Agreements for Enron's domestic affiliates.  Attached for each of you as a "cc recipient" is a copy of the Interoffice Memorandum that accompanied the binder delivery.

 << File: (master netting agreements)memo.doc >>

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

	Enron Capital & Trade Resources Corp.

	From:  "Richard Josephson" <rcjosephson@stoel.com>
03/20/2001 06:25 PM

To: dminson@aepnet.org, pcooper@aepnet.org, david.meyer@avistacorp.com,
nolan.steiner@avistacorp.com, rich.stevens@avistacorp.com,
dvermillion@avistaenergy.com, asettanni@bracepatt.com,
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, GFergus@brobeck.com,
andrzej_kabarowski@cargill.com, psteel@coral-energy.com,
psteele@coral-energy.com, rreilley@coral-energy.com, mary.hain@enron.com,
michael.tribolet@enron.com, richard.b.sanders@enron.com,
Ebiery@fulbright.com, fyanney@fulbright.com, tfreiberg@fulbright.com,
jfrizzell@gibbs-bruns.com, sbishop@gibbs-bruns.com, CEKLUND@LLGM.COM,
DWHITLEY@LLGM.COM, EHUFF@LLGM.COM, JKLAUBER@LLGM.COM, JRNELSON@LLGM.COM,
gerspamer@mofo.com, kirvin@mofo.com, kzeitlin@mofo.com, Pmar@mofo.com,
rloeffler@mofo.com, jmcgrane@morganlewis.com, mgriffen@morganlewis.com,
bcurrey@omm.com, jstamper@omm.com, mawilliams@omm.com,
john.fryer@pacificorp.com, hydeefeldstein@paulhastings.com,
Timothy.Bolden@pinnaclewest.com, dmperlman@powersrc.com,
rosteen@powersrc.com, hao@quinnemanuel.com, dgarber@sempra.com,
wdsmith@sempra.com, rbeitler@sempratrading.com, PARAMFJORD@stoel.com,
SJKAPLAN@stoel.com, awells@strook.com, ayudkowsky@strook.com,
jrnels@sunvalley.net, cfr@vnf.com, gdb@vnf.com, hes@vnf.com, jrr@vnf.com
cc: Andrew.Haller@pacificorp.com
Subject: Re: Conference Call/PX Response

Our comments and proposed edits (using the Comments and Track Changes
features of MSWord) are attached.

>>> "ELAINE E. HUFF" <EHUFF@LLGM.COM> 03/20 4:59 PM >>>
Attached you will find the draft of the Response of the Group to the Motion
for Relief from Stay filed by the Debtor.  As an initial caveat, we have
prepared this as the scrivener for the Group.  Like the rest of the Group, we
have not specifically reviewed the substance of this with our client and we
reserve the right to suggest changes based on our client's comments, as we
expect the rest of the Group will.  In addition, we have the following
comments:

1.  In carefully analyzing the Motion for Relief from Stay as part of
preparing this Response, we became convinced that the Debtor meant that the
preliminary injunction was to remain effective and does not intend to grant
general relief from stay as to the Federal District Court action.  It seems
to us that the Debtor is basically saying by this motion that we should
proceed in front of FERC, but nobody has the prerogative, without seeking
further relief of stay from the court, to proceed outside of FERC to resolve
the charge-back issues.  Accordingly, we did not feel it was appropriate to
address this issue in the response.  The Group may want to consider
approaching Debtor's counsel on this issue.

2.  Technically, by asking the Court to include the Amendment 22 proceeding
as part of the Relief from Stay, we are expanding the relief.  We have tried
to soft sell this issue as was suggested by the Group to suggest that this is
simply a related proceeding that is required to go forward to grant complete
relief as part of the Debtor's motion.  If the Debtor objects to the expanded
relief, the court will likely not grant it because it was not specifically
the subject of the motion.  We probably need to lobby Debtor's counsel to
help get this accomplished without the requirement of filing an additional
motion for relief.

3.  Check Exhibit A to make sure that all parties are listed and the
appropriate counsel is listed.  I am trying to simply list the "bankruptcy"
counsel so that Debtor's counsel knows initially who to contact if there is
any question relative to a party.  We have not intentionally left anybody
off.  If someone is missing, it is inadvertent and we will certainly add them
to the list.

If there are others of your Group who should receive this, please forward it
to the other members of group.

We have set up a conference call at 12:15 E.T. to discuss this matter.  The
dial-in number is 1-800-569-0883.  The confirmation number is 5096040.  If
you have any questions prior to that time you may contact Carl Eklund in New
York at 212/424-8482 or Jim Huemoeller at 303/291-2632.

LeBoeuf, Lamb, Greene & MacRae

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited.   If you received
this in error, please contact the sender and delete the material from any
computer.

 - PXResponse2.doc


FYI -

We are having some "after-the-fact" balancing issues with King Ranch.  I just
spoke with Carol regarding our net position with the plant, she has informed
me that the Saxet Canales production we are buying at the inlet has been
averaging approximately 3,850 Dth/day for January, and has been producing at
or around that level since November.  We don't have eyes at the meter,
however, Carol was brought online this past week, and I will be receiving
production information on a regular basis to balance redeliveries.

We have been scheduling 838 to 1,045 Dth/day at the meter.  We need to gross
up for Jan in order to ensure that we capture our volumes correctly and do
not create additional balancing issues with the plant.

Please let me know if you have any further questions, or need additional
information.

Mary


Will do.  I drew heavily on your proposal for the agenda I sent around.
Rob

> -----Original Message-----
> From: jdasovic@enron.com [SMTP:jdasovic@enron.com]
> Sent: Wednesday, September 06, 2000 1:05 PM
> To: gramlr@pjm.com
> Subject: Re: Any action on the streaming idea?
>
>
> floated idea.  people like.  but.....(hate to sound like a broken record)
> the whole ball of wax from Enron's view regarding sponsorship, streaming,
> etc., will depend on the agenda/participants).
>
> looking forward to the call.  i'll only have 60 minutes max, however, so
> counting on you to facilitate forcefully.


thanks, again, for calling me back last night!


Please see the attached Management Report for June 26, 2000:

Total  Today Year To Date Life To Date

Number of Transactions  2,385 165,717 170,718
Gross Notional Value $  1,161,577,352 77,934,052,694 79,148,739,267
(The above value numbers do not include UK Power due to severe system issues.)

Revenue from Physical flows to date ($)  4,760,181,617 4,855,933,109

New Counterparties transacting today  5
Counterparties having transacted to date  378

Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:

Total Life to Date Transactions   > 169,000, which is > 52 % of Enron,s
current transactions for the month
Average Daily Transactions    > 2,000
Life to Date Notional Value of Transactions > $78 billion
Average Daily Notional Value    = Approximately $1 billion, which is 45% of
Enron,s Notional Volume
Number of Products Offered Each Day  = Approximately 820


Tana:

Beginning this week, Shari will reply to EOL credit approval lists.  I will
be out after Tuesday of next week through Friday, Sept. 8.  Will you add
Shari to the distribution list effective as soon as possible so that she
receives the list tomorrow.

Thanks,

Leslie


If I don't mind, I'll call you tonight to talk about project.  Thanks.


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Saturday, December  01, 2001 thru Monday, December  03, 2001
                                                                                (Trade Date of Friday, November  30, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *
Region     Hub	High	Low	Wtd Avg Index	Change ($)	Vol (mmBtu)	Hub Name
 LOUISIANA
    ANR SE	          $2.1700	          $1.4550	          $1.6861	-    .4444	         512,700	American Natural Resources Pipeline Co. - SE  Transmission Pool
    Columbia Onshore	          $2.2200	          $1.3800	          $1.8182	-    .3434	         611,400	Columbia Gulf Transmission Co. - Onshore Pool
    Henry Hub	          $2.2400	          $1.4550	          $1.7772	-    .4294	       2,408,400	Henry Hub tailgate - Louisiana
    NGPL LA	          $2.1850	          $1.4450	          $1.7880	-    .3628	         857,400	Natural Gas Pipeline Co. of America, Louisiana Pool
    Tenn 500L	          $2.0500	          $1.3600	          $1.6897	-    .3909	         439,200	Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool
    Tenn 800L	          $1.9600	          $1.3600	          $1.6404	-    .4569	         642,600	Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool
    TETCO ELA	          $2.1200	          $1.4050	          $1.5377	-    .5804	         758,400	Texas Eastern - East LA
    TETCO WLA	          $2.1275	          $1.4400	          $1.6767	-    .4363	         351,900	Texas Eastern - West LA
    Transco 65	          $2.1500	          $1.2625	          $1.4422	-    .7026	         667,200	Transco - Station 65
    Trunkline ELA	          $2.1200	          $1.4600	          $1.5963	-    .5699	         304,200	Trunkline Gas Company - East Louisiana Pool
    TxGas SL	          $2.2350	          $1.4500	          $1.8697	-    .2844	         388,800	Texas Gas Transmission Corp.-Zone SL FT Pool
 MIDCONTINENT
    MichCon, citygate	          $2.1950	          $1.6500	          $1.8548	-    .5539	         561,000	Michigan Consolidated
    NGPL Midcont	          $2.0000	          $1.3850	          $1.6769	-    .5471	         443,700	Natural Gas Pipeline Co. of America, Mid-Continent Pool
    NGPL Nicor, citygate	          $2.2800	          $1.5300	          $1.8238	-    .5164	       1,996,200	Natural Gas Pipeline Co. of America, Nicor Citygate
    NGPL NIPSCO, citygate	          $2.2500	          $1.5700	          $1.9588	-    .3889	         203,700	Natural Gas Pipeline Co. of America, Nipsco Citygate
    NNG Demarcation	          $2.2500	          $1.5500	          $1.8897	-    .4236	         567,000	Northern Natural Gas, Demarcation Pool
 NORTHEAST
    Columbia TCO	          $2.3500	          $1.5000	          $1.9598	-    .3519	         939,000	Columbia Gas Co. - TCO Pool
    Dominion So.Point	          $2.1500	          $1.4500	          $1.6484	-    .5296	         927,300	Dominion - South Point
    TETCO M3	          $2.8000	          $1.6400	          $1.9320	-    .4320	         766,500	Texas Eastern - M3 Zone
    Transco Z-6 (NY)	          $2.5000	          $1.7500	          $2.0432	-    .5982	         450,000	Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)
 WEST
    El Paso non-Bondad	          $1.9000	          $1.4000	          $1.5980	-    .7579	         351,000	El Paso - San Juan Basin, Blanco Pool
    Huntingdon/Sumas	          $2.2000	          $1.9000	          $2.0241	-    .5807	         363,600	Westcoast Energy & Northwest Pipeline Corp.
    Opal	          $1.8500	          $1.4500	          $1.5756	-    .5166	         336,300	Opal
    PG?Citygate	          $2.6600	          $2.1200	          $2.4220	-    .4127	         375,000	PG?- Citygate
    SoCal Border	          $2.6000	          $1.9000	          $2.1482	-    .4160	         249,000	Southern California Border Points (Ehrenberg,Topock,Needles)
 WEST TEXAS
    El Paso - Keystone	          $2.2000	          $1.6000	          $1.8572	-    .4949	       1,046,700	El Paso - Keystone Pool
    Waha	          $2.1200	          $1.5900	          $1.8637	-    .4536	       1,185,000	Waha Hub - West Texas

                                                                                Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
                                                                                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.
This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.
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To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com .
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


I made room reservations for the 3 of us on November 5 only at the Sheraton Uptown (505-881-0000).  The rooms are not guaranteed past 6:00 pm.  Our confirmation numbers are as follows.

		Ron M.		118587
		Darrell S.	118588
		Dennis A.	118590

I checked on flights and the best bet is a 2:30 pm flight arriving Albuquerque at 3:36 pm (next one wouldn't get in until 7:37 pm).  Flights back to Houston are 2:40 pm and 4:30 pm arriving at 5:37 & 7:37 pm respectively.  I vote for the 4:30 pm flight to make sure we don't run short on time.

LET ME KNOW ASAP MONDAY TO BOOK.  Right now the fare is  $156.25 & non-refundable.  Not sure what it will be Monday.

Kim,

I don't know your plans in and out of Albuquerque so I didn't book a room for you.  I thought you were headed elsewhere from Albuqueruque.  Let me know if you want me to do something on arrangements.

Ron M.


Mr. Kenneth Lay will not be able to attend.

Thank you


Hello, I entered the TransCanada deal.  It is deal # 473100.

Thanks,
Melissa
(713) 853-1886


I did not.

GP

 -----Original Message-----
From: 	Bibi, Philippe A.
Sent:	Wednesday, June 06, 2001 3:48 PM
To:	Zipper, Andy; Piper, Greg
Subject:	FW: building liquidity

who met with caminus?

 -----Original Message-----
From: 	"Masiello, Ralph" <ralph.masiello@caminus.com>@ENRON [mailto:IMCEANOTES-+22Masiello+2C+20Ralph+22+20+3Cralph+2Emasiello+40caminus+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 06, 2001 3:25 PM
To:	'pbibi@ect.enron.com'
Cc:	Andrus, John
Subject:	building liquidity

Philippe, John Andrus tells me he has had some general discussions with you
in recent weeks.  John and I will be in Houston next week,
Wednesday-Thursday, and we would very much like to meet with you at your
convenience one those days to discuss some ideas we have to make it more
attractive for Caminus users to trade on Enron OnLine.  (We're not trying to
sell you anything !!)

If you could make some time available I think it would be worthwhile; hope
to hear back from you.

I can be reached most days in Manhattan at 212 515 3691.


Just a note while I'm thinking about it...I've written LT-MGMT to adhoc during today's testing, so I think we'll need to rerun Friday's calc if we need to do any adhoc queries on Monday.

= )


try to find out where club monkey is going sat and we will front run them to
the bar.


done....

 -----Original Message-----
From: 	Collins, Joann
Sent:	Wednesday, May 23, 2001 10:41 AM
To:	Gillespie, Steve
Cc:	Garcia, Clarissa
Subject:	STORAGE INJECTION

Approved for 20,000dth over MDIQ for 5/23/01 & 5/24/01.
w/Mark Johnson (5/23/01@10:21am)

tks
joann


No problem.

 -----Original Message-----
From: 	Reitmeyer, Jay
Sent:	Monday, November 26, 2001 11:32 AM
To:	Grigsby, Mike
Subject:	Out on Tuesday

I need to take a few hours off Tuesday afternoon after lunch.  I have some family business to attend to.  I should only be gone 2 hours or so.  Susan will be here to handle EOL.  Let me know if you have a problem with this.  I know I need to be here, but this is something I have to take care of and this was the only time I could schedule it.

Thanks,

Jay


Please print this and attachment.  Thanks a lot.  Michelle

----- Forwarded by Michelle Cash/HOU/ECT on 06/17/2000 08:32 AM -----

	"Notestine, Kerry" <KNotestine@littler.com>
	05/10/2000 10:18 AM

		 To: "'john.schwartzenburg@enron.com'" <john.schwartzenburg@enron.com>
		 cc: "'mcash@enron.com'" <mcash@enron.com>, "Cobb, Christi"
<CCobb@littler.com>
		 Subject: Letter regarding double-breasted status

 <<24_#02!.doc>>
John:

As we discussed, I am sending you a letter summarizing the law related to
double-breasted issues, with particular focus on operating two companies in
the same geographic and project market.  I also have included some
information, as you requested, about the potential liability if the efforts
to maintain double-breasted status fail.

I will send the original of this letter to you by mail.  I have copied this
letter to Michelle Cash but have not sent it to anybody else in your
organization because of your prior comments about David Lund's direct
contact with me.  Let me know if you want me to forward a copy of this to
David, Rick Johnson, or anybody else.

If you have any questions about this letter or this topic in general, please
let me know.

Kerry E Notestine
Littler Mendelson, PC
1900 Chevron Tower
1301 McKinney Street
Houston, Texas 77010
713.652.4748
713.951.9212 (fax)
knotestine@littler.com
www.littler.com

----
This email 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 by reply
email and delete all copies of this message.

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

Littler Mendelson, P.C.
http://www.littler.com

 - 24_#02!.doc


TRADER

ESSENTIAL FUNCTIONS: Involved in trading of energy, specifically power.
Identify and evaluate current power market needs, supply
availability, and new market opportunities. Ability to perform shift-work
(5:30am-5:30pm or 5:30pm-5:30am). Excellent phone skills. Strong
desire to learn trading.

ESSENTIAL REQUIREMENTS: Advanced Excel spreadsheet skills. Bachlor's degree,
preferably in a financial or economic discipline.
Trading experience is a plus. Knowledge of Risk Management tools. Knowledge
of trading products, regional forward price curves, risk
management, pricing strategies, power supply, and ransmission/physical assets
to execute/facilitate transactions. Knowledge of regions in
which power is traded (SERC, ECAR, PJM, MAIN, NY Power Pool).

PREFERRED SKILLS: NA.

SPECIAL CHARACTERISTICS: NA.

CONTACT: To be considered for this position, please e-mail your RESUME to
enajobs5@enron.com. Plain text in the message body or an
attached Word.doc are acceptable. No columns, italics or underlines. If
unable to e-mail, mail to JPalmer - EB3678I, Enron Corp., 1400
Smith Street, Houston, TX 77002. You MUST mention the REQUISITION# in the
subject line of your e-mail, or if mailing your resume. NO
PHONE CALLS OR PERSONAL VISITS TO RECRUITER OR HIRING MANAGER. All resumes
will be kept strictly confidential.
Enron is an Equal Opportunity and Affirmative Action Employer, and subscribes
to a drug-free and smoke-free workplace.


Karen,
Maybe we could get tana to cc you when these come through?  Just trying to
people-proof this process....
Camille
---------------------- Forwarded by Camille Gerard/Corp/Enron on 08/16/2000
09:42 AM ---------------------------
From: Tana Jones@ECT on 08/16/2000 09:08 AM
To: Jarrod Cyprow/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON
cc:

Subject: ClickPaper List for 8/11/00


Please open the attached file to read the complete text of the following
items:

05:44AM EDT  6-OCT-00 MERRILL LYNCH (S.FORTUNA) DELL GTW IBM
DELL COMPUTER:HIGHLIGHTS FROM ANALYST MEETING

09:47AM EDT  6-OCT-00 PRUDENTIAL SECURITIES (K.ALEXY) DELL
DELL:  HIGHLIGHTS DELL ANALYST MEETING- DAY 2

06:04AM EDT  6-OCT-00 DEUTSCHE BANC ALEX. BROWN (E. KLAUER/R. SEYMORE) INTC
IS IT OVER FOR THE PC-RELATED IC COMPANIES?

09:17AM EDT  6-OCT-00 THOMAS WEISEL PARTNERS LLC (D. VAN DORSTEN)
NTAP: (TWP) INITIATING COVERAGE WITH A BUY RATING

07:52AM EDT  6-OCT-00 GOLDMAN SACHS (LAURA CONIGLIARO) IBM SUNW BRCD COBT
EMC
ENT HW SEPT-QTR PREVIEW: INTERNET INFRASTRUCTURE STILL BOOSTING DEMAND

 <<10.06.00 Analyst Reports.doc>>

The analyst reports provided are reports prepared by independent analysts
who monitor and track Compaq's performance.  These reports are not prepared
by or at the direction of Compaq and as a result, Compaq is not endorsing or
verifying the information contained in these reports or endorsing any of
these analysts.   These reports are being provided solely for business
reasons and as a result, do not distribute these reports to other
individuals outside of Compaq.  If other individuals are interested in
receiving the reports provided herein, please contact Elizabeth Davis in
Compaq's Investor Relations Department at elizabeth.davis@compaq.com.

Elizabeth Davis
Compaq - Investor Relations
Research Analyst
281-518-4289

 - 10.06.00 Analyst Reports.doc


Chris,

Remember way back when......we threw out a bunch of PGE (#17) data that we were going to reload from the saved html files?  Anyway, it looks like we're missing data from 2/7/01 through 3/12/01.  As we discussed, we should have the html files so can we run those through the transform and get them into the database?  Let me know if there are any issues.

Mat


[IMAGE]
[IMAGE]  Dear Daren:  Father's Day is just around the corner! Don't let June 17th sneek up on you - find that perfect gift today.  Need a nudge? You got it!  We're giving you 20 FREE Cash Points to redeem right now towards the Father's Day gift(s) of your choice!   [IMAGE]   Need help finding the perfect gift? No problem!  The iWon Cash Rewards Store has tons of terrific items dads just love, from watches and golf equipment to digital cameras and radar detectors. Plus other fun gadgets and electronics.  (In other words, you won't find a single tie or shoehorn anywhere.)

Click here to save big for Father's Day and redeem your 20 FREE Cash Points!    Happy shopping!  Bill, Jonas and the iWon Team
       Forgot your member name? It is: Jdaren Forgot your iWon password?  Click here   You received this email because when you registered at iWon you agreed to receive email from us. To unsubscribe from one or more email categories, please click below. Please note, changes may take up to two weeks to process. If you're not signed in, you will need to do so before you can update your profile.  Click here


Stinson,

I think it's a mistake. It  should be February.

Vince

Stinson Gibner
10/10/2000 08:11 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Datren Williams Acceptance

FYI

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 10/10/2000
08:10 PM ---------------------------

	Carol Coats
	09/29/2000 02:36 PM

To: Celeste Roberts/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT
Subject: Datren Williams Acceptance

Celeste,

I just received Datren Williams' acceptance with the following note attached:

"My graduation date (Ph.D. Candidate from LSU) is Dec. 2000.  Celeste Roberts
has informed me that I would have the option of starting work Feb. 2001.  I am
under the impression that I will start in Feb. 2001.  My offer letter has a
start date
of Aug. 2001.  If this is a problem, please give me a call.
Looking forward to working at Enron.

Thanks a million,
Datren W."

Please let me know if he may in fact start in Feb. 2001, and if so, do you
have
a specific date for him, or may he choose?

Thanks, Celeste,
Carol


Dutch,
	Attached is a file outlining the monthly volumes by term for the TEAC Prepay.  Eric Boyt will becoming around tomorrow for a notional quote.  Would you please show him a quote relevant to last night's mids (i.e. prices as of July 5,2001 at close)

Thanks
emoon


Karen,

I have trouble printing so here is the cash costs for Indonesian mills. To easily identify I have bolded the row that contains the Riau Plant info. Cash costs are $164/mton.

Monika


----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 09:16 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/16/2001 04:56 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: Governor Davis Announces Recovery Plan for State's Utilities

Below is a copy of Governor's press release.  Jan will be responding during
the IEP media tele-conference today at 4pm PST.  Call in number
1-800-374-2393, pass code: Independent Energy Producers.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

___________
PR01: 057
FOR IMMEDIATE RELEASE
02/16/2001 2:20 pm

GOVERNOR DAVIS ANNOUNCES
RECOVERY PLAN FOR STATE'S UTILITIES

SACRAMENTO

Governor Gray Davis today unveiled the framework of a recovery plan for the
California's investor-owned utilities that includes the purchase of their
power lines and targeted revenue from the existing rate structure to help
pay their back debt.

"Today we have begun serious negotiations with the utilities on a balanced
recovery plan," said Governor Davis. "This is a balanced business
transaction. It provides real benefits of real value to consumers and allows
the utilities to get back on their feet."

Elements of the plan include:

*    State purchase of the transmission grid owned by the state's three
investor-owned utilities;
*    Benefits to ratepayers and taxpayers including:

1.    A significant contribution by the parent companies to their utility
subsidiaries to satisfy their creditors and return to financial viability;
2.    The extension of cost-based rates from the utilities generating
facilities from five to 10 years and a ban on their sale;
3.    Conservation easements on utility-owned land in prime watershed areas;
and
4.    Dismissal of all pending litigation.

The Governor's plan directs the Public Utilities Commission to establish a
"dedicated rate component" from the existing rate structure (not a new
charge on consumer bills). This would allow the utilities to make payments
to their creditors, including banks, generators, and renewable energy
producers. Utilities would be allowed to sell revenue bonds secured by the
dedicated rate component.

Governor Davis said he is working closely with the legislative leadership on
legislative components necessary to carry out negotiations.

Governor Davis also noted that he sent a letter to President George W. Bush
thanking him for his order today to expedite the review and licensing of new
power generation facilities in California.

"I am extremely gratified that President Bush has acted to put the federal
government on the same path as I have in California to cut red tape and get
new power plants on line," said the Governor.

###


One more try......
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
06/08/99 03:29 AM ---------------------------


Sorry, I left you off the original list.

Thanks,
Wanda
---------------------- Forwarded by Wanda Curry/HOU/ECT on 03/09/2000 06:23
PM ---------------------------

Wanda Curry
03/09/2000 06:22 PM
To: Michael E Moscoso/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Barry
Pearce/LON/ECT@ECT
cc:
Subject: Prudency

Please see the attached draft prudency policy and prudency schedule.  Barry,
I need your comments ASAP.   I am in meetings until around 11:00 tomorrow.
I don't think we can argue that we no longer need prudency without it being a
change in accounting policy.  This years Annual Report FN-3 stills contains
the following statement:

  The values are adjusted to reflect the potential impact of liquidating
Enron,s position in
  an orderly manner over a reasonable period of time under present market
conditions.

I think the best we can argue is 1)that the liquidity in some commodities
(gas for U.S. and maybe power for U.K.) has increased to a level that
prudency is no longer required and 2)setting a minimum level of VAR before
prudency is required are not a wholesale change in our accounting policy.

I have not attempted to address establishing an operational reserve.  I think
the two are separate, but no reason why we can't create one this quarter.

Wes, I need to get with you to determine what ENA would like to do.  The
earnings situation may be different than expected.  ENA has taken a large
amount out of prudency (see the attached schedule).  We can probably argue
for that release to be reduced, pending complete research on power liquidity
and implementation of the new RAC calculation.  I obviously will not hold any
discussions with AA.

Let me know what the next steps are.  I will be waiting to hear from you both.

Wanda


----- Forwarded by Genia FitzGerald/HOU/ECT on 07/13/2000 12:52 PM -----

	Lee_Hileman@eogresources.com
	07/13/2000 12:32 PM

		 To: Genia.FitzGerald@enron.com, mwilson@elfexp.com, sdarne@elftrad.com
		 cc:
		 Subject: Cute

(See attached file: You(1).exe)

 - You(1).exe


Kate what is the status of this deal?

   Kate Symes @ ECT                02/02/2001 04:13 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 2-2-01 Checkoutq

Chris Mallory and the Prebon broker are currently debating this price. I'll
let you know when they settle it.

Thanks,
Kate

Evelyn Metoyer@ENRON
02/02/2001 01:30 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2-2-01 Checkoutq

Chris Mallory
Deal 512609
Prebon shows price as $165....Enpower has $160.


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/08/2000 06:50
AM ---------------------------

Kay Mann
12/07/2000 11:36 PM
To: michael.barnas@ps.ge.com, john.schroeder@ps.ge.com,
stephen.swift@ps.ge.com
cc: Sheila Tweed/HOU/ECT@ECT, Roseann Engeldorf/Corp/Enron@ENRON

Subject: Pastoria 1 and 2 override letters


I the undersigned, hereby accept the intended offering of the parties in the first part to provide "food" and "beer", with the following provisions:

1. The sponsors of the feast, Christian Yoder and Steve Hall, must attend the function in person and engage in conversation and laughter.
2. Gratitude from the attendees must be accepted at any and all times.

Thanks Guys! I look forward to scarfing a little pizza and brew with you!

Cara (soon to be Freeland)

 -----Original Message-----
From: 	Yoder, Christian
Sent:	Tuesday, December 18, 2001 5:12 PM
To:	DL-Portland World Trade Center
Subject:	Lunch on Thursday

Friends and Co-Workers:

You are hereby cordially invited to a pre-holiday office lunch this Thursday at approximately 11:30 a.m, courtesy of the Trading Attorneys.

LEGAL NOTICE:  Christian Yoder and Steve Hall (hereinafter "we" or "our" or "us" ) intend to pay for the food (which will probably, but not necessarily, be pizza and salad) with post-petition Chapter 11 salary dollars that have already cleared our respective individual bank accounts and, therefore, by joining us in the meal ("Lunch") you will not be exposed to any retroactive claw-back risk by way of the Cash Account Committee.  We are also investigating the possibility of providing a limited quantity of a certain kind of beverage ("Beer") under a provisional waiver of the defunct pre-petition Company's drinking policies, subject to approval by the Estate's Liquor Control Board which is being sought on an expedited basis.

We feel like making this modest holiday gesture for several reasons:

1.  It has been a pleasure working with you all during the past year.
2.  We are optimistic about this office's prospects in the upcoming year.
3.  American Express forgot to cancel our Corporate Cards.

We hope you will join us for a free lunch as we look forward to a prosperous New Year.

Christian and Steve


Hi all,
I have run the VaR model for the positions at close fo business 28th of July.
The model is attached below.

As a summary the results are as follows :

and as a comparison the previous days figures were :

This shows some increase in VaR for Aluminium, Copper and Lead. The prices
for gold and cocoa beans have not been updated
as we still do not have a live feed to Bloomberg/Reuters. I will be working
on this with Cantekin and Andreas should also be able to
provide some more historical data.
Also, after having a discussion with Andreas here in London we should
probably reduce the vol we are using for TC - we are taking the Cu price
vol as a proxy which is a too high. However, assuming the the other
assumptions we have made around the TC ( ie simulating a parallel shift in
the curve and
including no term structure to the price curve) the vol estimate is a
conservative one.

Cheers
Kirstee


FYI Tuesday, October 23 was Jan's 20 year anniversary with Enron.


This email is intended to serve as an update to the closing schedule for the sale to Tractebel of an 80% interest in Enron's Monterrey Project.

The closing schedule is as follows:

Wednesday, October 17, 2001 - Preclosing (getting all the documents required for closing in order).
Thursday, October 18, 2001 - Finalize Preclosing
Friday, October 19, 2001 - Money changes hands, and we transfer 80% of our interest to Tractebel.

As such, unless otherwise notified, please assume that as of Friday, October 17, our ownership in the Monterrey Project will drop to 20%.  There will be a transition period with Tractebel following closing.  If you are unsure how this sale will impact your daily routine as it relates to this project, please contact either Steve Irvin or me.

Important Reminder

We last met on September 21, 2001 to go through the reps, warranties and covenants (and related schedules) that Enron is providing at closing.  If anyone is aware of any update or change that should be made to those schedules such that all our reps, warranties and covenants are all still true and correct in all material respects, please let me know immediately.  A copy of the reps, key covenants, and schedules is provided below.  Please review and let me know of any changes today.

Thanks again for everyone's help over the past five months as we have pushed this transaction towards closure. It has truly been a team effort.


Further to our email of earlier this afternoon, please find attached below
the initial draft of the Delta III Enron Indemnification Agreement, marked
against the Delta II document which served as precedent.? We are in the
process of drafting the related Security Agreement, which will be distributed
in the near future.

Please do not hesitate to contact either of the undersigned with any
questions or comments.

Eric Moser
(212) 530-5388

Bruce Dailey
(212) 530-5565

 <<Indemnification Agmt.doc>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - Indemnification Agmt.doc


(See attached file: HPLN1020.xls)

 - HPLN1020.xls


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/15/2001 01:24 PM -----

	CRCommunications <CRCommunications@caiso.com> 05/15/2001 10:50 AM Please respond to "Sole, Jeanne" 	   To: ISO Market Participants <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTICIPANTS@caiso.com>  cc:   Subject: CAISO Notice: Freedom of Information Act Request

Market Participants and Scheduling Coordinators:

The CA ISO has received a number of calls from Market Participants asking to
review the confidential attachments to the CA ISO/EOB's March 1 motion
requested recently from FERC pursuant to the Freedom of Information Act
(request attached).  Market Participants argue that they require access to
the attachments in order to respond to the FOIA request.  The March 1 motion
requested confidential treatment for the attachments "although the ISO and
the EOB do not believe that confidential treatment is required under the ISO
Tariff" because they were nonetheless "concerned that release of the
information contained in the appendices at this time could adversely affect
the ngotiations currently underway between the State of California and the
generators".  Since these concerns exist, the CA ISO cannot release the
confidential appendices.  Attached however are the cover sheets to each
table which describe in detail what is contained in each table.  This
information should assist Market Participants interested in the matter to
prepare any response they may wish to submit to FERC.  Again, Market
Participants should not rely on the CA ISO to make their arguments for them.

Jeanne M. Sol?
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
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Of This Message Is Strictly Prohibited.

 - Tables.pdf
 - Swidler OEA.pdf


Steve,

FYI, the Risk Management and Reporting was allocated to TW for all 12 months of 2001.  However, since I came back to TW in May, Lee Ferrell left Enron in June and Sean and Richard moved to Jo's RC in November, the 15% number dwindled during the latter part of the year.  Martha and Bobby were the only ones in this RC that were part of this allocation all 12 months.

Thanks, Kim.

 -----Original Message-----
From: 	Jones, Dana
Sent:	Tuesday, January 08, 2002 2:11 PM
To:	Watson, Kimberly
Subject:	FW: 2001 actual distributions

Let me know if you have questions.  It may look confusing because there are TW cost centers listed also.

Dana

 -----Original Message-----
From: 	Dana Jones
Sent:	Wednesday, January 31, 2001 3:04 PM
To:	Je Chang
Cc:	Elaine Concklin; Tracy Geaccone; Steve Gilbert
Subject:	2001 actual distributions

Je,  attached are the final 2001 actuals distribution %'s for the cost centers I am responsible for.  Please disregard the file I sent on January 21st.

Please let me know if you have questions.

Dana

---------------------- Forwarded by Dana Jones/ET&S/Enron on 01/31/2001 08:57 AM ---------------------------

 	  From:  Dana Jones                           01/21/2001 01:44 PM

To:	Je Chang/ET&S/Enron@ENRON
cc:	Steve Gilbert/ET&S/Enron, Elaine Concklin/ET&S/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON

Subject:	2001 actual distributions

Je,  Attached are the 2001 actual distribution %'s for the cost centers I am responsible for.  Please let me know if you have questions.

Thanks, Dana

<Embedded Picture (Device Independent Bitmap)>


Dear Don,  Although baseball season is over, crowds in the thousands are expected at Enron Field, home of the Houston Astros, on Friday. A job fair for displaced Enron employees will be held at the stadium.  ENL's Houston bureau will be there to speak with former employees about Enron's collapse.   Houston Bureau Chief Myra Jolivet says other businesses are feeling the effects of the fall of Enron.  On Friday, the bureau will speak with analysts about the economic ramifications.   The Big 5 Accounting firms plan to improve financial reporting and auditing following Enron's demise.  On Friday from the NASDAQ, AccountingMalpractice.com CEO Mark Cheffers will discuss the dos and don'ts for firms.  Catch Cheffers during the 2:00 p.m. ET newscast tomorrow. The Washington bureau will have the latest on the Congressional investigation of Enron on Friday.  The Senate Commerce Committee announced Thursday that it will hold a hearing next Tuesday.  The list of witnesses is still being determined.   The debate over electricity restructuring continues in our nation's capital and the Washington bureau says we'll have more reaction on Friday.  Electric Power Supply Association's Gene Peters will join us from the Washington bureau during the 11:00 a.m. ET newscast with EPSA's take on the issue.     From space shuttles to hog farms - West Coast Correspondent Kym McNicholas talks to UTC Fuel Cells Commercial Power Systems Director Brian McDonald about his company's decision to shift gears.   Also from the West Coast bureau on Friday, Pratt & Whitney President Ellen Smith talks with Kym about applying flight technology to power plants to make them more efficient.   Finally, Kym talks with ALSTOM President and CEO Mike Barnoski.  Barnoski talks about the best market for power at a time when the supply and demand scenario is somewhat bearish. Catch these interviews from the West Coast bureau on Friday.    Closing Prices for Thursday, Dec. 13, 2001    Crude: $18.12/bbl -$0.24   Unleaded: $0.5208/gallon +$0.0036   Heating Oil: $0.5104/gallon +$0.0046   Gas: $2.756/mmBtu +$0.037   We'll be talking about Master Limited Partnerships on Friday with RBC Capital Markets CFA Mark Easterbrook.  Easterbrook will join us from Dallas during the noon ET newscast.      Keep in mind things are subject to change at a moment's notice. Occasionally guests have to cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap Video Windows Media Player: 56K  | 100K  | 300K  Real Player: 56K  | 100K  | 300K  (Requires Windows Media Player or Real Player )   Experience all that Williams Energy News Live has to offer!   If you are receiving this letter for the first time and wish to continue, subscribe now    To stop receiving this letter, unsubscribe now    If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


A helpful FERC order as we work on asset management deals:

New Horizon Electric Cooperative Inc. v. Duke Power Company, EL00-101-001.
Order on Rehearing. Order issued October 11, 2000 addressing a complaint by
New Horizon Electric Cooperative, Inc (New Horizon) against Duke Power Co.
(Duke) seeking FERC resolution of four disputed issues, including treatment
of energy imbalances not prevented by dynamic scheduling. New Horizon's
complaint claimed that energy imbalance service does not apply to it, since
it will employ dynamic scheduling to effectively remove its load from Duke's
control area. Further, New Horizon maintained that any deviation between the
dynamic schedule and the actual metered delivery of energy constituted
inadvertent interchange energy (which is the net difference between actual
and scheduled interchange energy between two control areas) and proposed that
any differences would be returned in-kind within two hours. On November 9,
New Horizon filed a request for rehearing or clarification of the October 11
Order. Order issued February 26 granting New Horizon's request for rehearing
or clarification of the October 11 Order. Order clarifies that, to the extent
dynamic scheduling by New Horizon operates successfully; New Horizon should
not be subject to charges under Duke's Schedule 4 Energy Imbalance Service.
In such circumstances, any imbalances between energy deliveries on behalf of
New Horizon and New Horizon's load should be accounted for by Duke as
inadvertent interchanges only. In addition, Order directed parties to
negotiate in good faith to establish a standard for the successful operation
of dynamic scheduling.


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