---------------------- Forwarded by John Arnold/HOU/ECT on 03/06/2001 07:48
AM ---------------------------
From: Ann M Schmidt@ENRON on 03/05/2001 08:23 AM
To: Ann M Schmidt/Corp/Enron@ENRON
cc:  (bcc: John Arnold/HOU/ECT)
Subject: Enron Mentions - 03-04-01

Utility Deregulation: Square Peg, Round Hole?
The New York Times, 03/04/01

3 Executives Considered to Head Military
Los Angeles Times, 03/04/01

Bush leaning toward execs for military
The Seattle Times, 03/04/01

Enron's Chief Denies Role as Energy Villain / Critics regard Kenneth Lay as
deregulation opportunist
The San Francisco Chronicle, 03/04/01

Enron boss says he's not to blame for profits in energy crisis
Associated Press Newswires, 03/04/01

The Stadium Curse? / Some stocks swoon after arena deals
The San Francisco Chronicle, 03/04/01

Money and Business/Financial Desk; Section 3
ECONOMIC VIEW
Utility Deregulation: Square Peg, Round Hole?
By JOSEPH KAHN

03/04/2001
The New York Times
Page 4, Column 6
c. 2001 New York Times Company

WASHINGTON -- IN the forensic pursuit of what caused California's power
failure, the Bush administration, the energy industry and many analysts have
granted immunity to deregulation.
Robert Shapiro, a managing director of Enron, the giant electricity marketer,
says the California mess should in no way affect deregulation in other
states, ''because California didn't really deregulate.'' Spencer Abraham, the
new energy secretary, said Californians simply goofed, setting up a
''dysfunctional'' system. It is the way California deregulated, not
deregulation itself, that should take the blame, they say.
Yet some economists argue that California's troubles should inform the debate
about whether -- not just how -- to deregulate. Among them is Alfred E. Kahn,
the Cornell University economist who helped oversee the creation of free
markets in the rail, trucking and airline industries.
''I am worried about the uniqueness of electricity markets,'' Mr. Kahn said.
He is still studying whether the design flaws in California's market explain
the whole problem. But he is sounding a note of skepticism.
''I've always been uncertain about eliminating vertical integration,'' he
said, referring to the old ways of allowing a single, heavily regulated power
company to produce, transmit and distribute electricity. ''It may be one
industry in which it works reasonably well.''
Mr. Kahn's comments might sound a little heretical. When this former Carter
administration official was pushing deregulation, it was still a novel and
politically risky concept. Today, getting government out of most businesses
is part of the Washington economic canon.
Moreover, few people believe that California, the first state to overhaul its
electricity sector from top to bottom, has proved a good laboratory. To
satisfy interest groups, the markets were designed in an awkward way, which
soured some deregulation experts on California before the first electron went
on the auction block.
Among the quirks: The state required utilities to buy nearly all their power
on daily spot markets, rather than arranging long-term contracts that might
have allowed them to hedge risk. Consumer prices were also fixed, making it
impossible for utilities to pass on higher wholesale costs.
Paul L. Joskow, an expert on electricity markets at the Massachusetts
Institute of Technology and a former student of Mr. Kahn's, remains hopeful
that the kinks can be ironed out.
In New England and the the Middle Atlantic states, as well in as Britain,
Chile and Argentina, all places that have restructured electricity markets,
regulators have had to adjust market rules to correct flaws. They have found
ways to check the tendency of power sellers to exploit infant markets and
charge high prices, Mr. Joskow said.
Regulators have also had to establish new markets that, through price
signals, encourage power companies to build enough generating capacity so
that they have reserves for peak hours. During peak hours, shortages and
price spikes can substantially raise average prices.
''If they can do it in Britain, Chile and Argentina, then I think we can do
it here,'' Mr. Joskow said.
Still, he warns that proper regulation requires tough political choices.
Allowing high prices to pass through to consumers is one. Making sure
Nimbyism does not prevent the construction of power plants is another.
''The political system must rise to the task,'' Mr. Joskow said, or the ''old
way might be the best we can do.''
Mr. Kahn knows a bit about the old way. In the mid-1970's, he headed the New
York Public Service Commission, which oversaw electricity and other regulated
industries. The drawbacks were legendary. Local utilities had an endemic
tendency to overestimate demand to justify new power plants, for which
consumers paid through steady rate increases. Nearly everyone assumed that
competition would slash prices.
But though free markets do a better job managing rail, phone and airline
prices, they have yet to match regulators' ability to juggle the complexities
of electricity, Mr. Kahn said.
Regulators tended to apply heavy political pressure on utilities to keep
prices as low as possible and profit margins steady but thin. The vertical
integration of electricity monopolies may have also had advantages, Mr. Kahn
said. Engineers coordinated power plants and transmission lines in ideal
ways. Planners who saw the need for new plants helped find a place for them
to be built. ''The players all depended on one another,'' he said.
California has probably not derailed deregulation efforts. But it has made
people wonder anew whether market forces work for kilowatts as they do for
widgets.

Photo: Alfred E. Kahn

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

National Desk
3 Executives Considered to Head Military
From Associated Press

03/04/2001
Los Angeles Times
Home Edition
A-25
Copyright 2001 / The Times Mirror Company

WASHINGTON -- Three corporate executives are under consideration to lead the
Air Force, Army and Navy, administration officials said Saturday.
The three have been interviewed by Defense Secretary Donald H. Rumsfeld, and
the White House was expected to announce this week that it will send their
names to the Senate for confirmation, the Washington Times reported, quoting
unidentified sources.
Gordon R. England, 63, who retired recently from General Dynamics Corp.,
would be nominated as Navy secretary; James G. Roche, 61, a vice president at
Northrop Grumman Corp., is the pick to head the Air Force; and the choice to
head the Army is Thomas E. White, 57, a retired Army general and an executive
with Enron Corp. White also once worked as an assistant to Colin L. Powell,
Bush's secretary of State.

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

News
Bush leaning toward execs for military
The Associated Press

03/04/2001
The Seattle Times
Sunday
A9
(Copyright 2001)

WASHINGTON--Three corporate executives are under consideration to lead the
Air Force, Army and Navy, administration officials said yesterday.
The three men have been interviewed by Defense Secretary Donald Rumsfeld, and
the White House was expected to announce next week that it will send their
names to the Senate for confirmation, The Washington Times reported
yesterday, quoting unidentified sources.
But two Bush administration sources, speaking on condition of anonymity, told
The Associated Press that President Bush has not made a decision and that the
nominations were not a certainty.
The Times said Gordon England, 63, who retired last week as a vice president
at General Dynamics, would be nominated as Navy secretary. England was
responsible for the company's information systems and international programs.
The newspaper also said James Roche, 61, a vice president at Northrop
Grumman, was the pick to head the Air Force. Roche, a retired Navy captain,
worked in the State Department during the Reagan administration and later was
Democratic staff director for the Senate Armed Services Committee.
The nominee for Army secretary was said to be Thomas White, 57, a retired
Army general and an executive with Enron, a Houston-based energy company.
White was executive assistant to Secretary of State Colin Powell when Powell
was chairman of the Joint Chiefs of Staff.

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

NEWS
Enron's Chief Denies Role as Energy Villain / Critics regard Kenneth Lay as
deregulation opportunist
David Lazarus
Chronicle Staff Writer

03/04/2001
The San Francisco Chronicle
FINAL
A1
(Copyright 2001)

Kenneth Lay is one of the energy "pirates" accused by California's governor
of fleecing consumers. As chairman of Enron Corp., the world's largest energy
trader, Lay is arguably the biggest, baddest buccaneer of them all.
But that's not how he wants to be seen. And he certainly doesn't like taking
knocks from Gov. Gray Davis for having contributed to California's energy
mess.
"It's very unfair," Lay said, his brown eyes taking on a puppy- dog quality.
"He's trying to vilify us. But we didn't make the rules in California. We had
nothing to do with creating the problem."
He gazed out from his plush, 50th-floor office. Houston's downtown
skyscrapers jutted like sharp teeth against the overcast sky.
"Everyone played by the rules," Lay said. "Now our reputations are being
maligned."
In a sense, he's right. The ultimate blame does rest with California
policymakers for deregulating the state's electricity market in such a
ham-fisted way that power giants like Enron cleaned up by exploiting
loopholes in the system.
But Enron was no innocent bystander during the restructuring process.
"Enron and Ken Lay were one of the major players behind the push for
deregulation in California," said Janee Briesemeister, senior policy analyst
in the Austin office of Consumers Union. "A lot of what's happening in
California was their idea."
Those familiar with the state's deregulation efforts said Enron was
especially eager to ensure that a newly created Power Exchange, where
wholesale power would be bought and sold, was separate from the Independent
System Operator, which would oversee the electricity grid.
"This fragmented the wholesale market, making it harder to monitor," said
John Rozsa, an aide to state Sen. Steve Peace, D-El Cajon, widely regarded as
the godfather of California's bungled deregulation measures.
"Enron isn't in the business of making markets work," Rozsa said. "They're in
the business of making a buck."
In an ironic twist, however, Enron now could play a pivotal role in helping
the state remedy past errors and find its energy footing. The company has
that much clout.
SEEKING LAY'S BLESSING
Thus, as the governor pushes ahead with a scheme to purchase the transmission
lines of California's cash-strapped utilities, he didn't hesitate to call
recently seeking Lay's personal blessing for the plan.
This must have been a sweet moment for the man who just weeks earlier had
been castigated by Davis in the governor's State of the State speech.
"I told him we couldn't support it," Lay said, a hint of a smile playing
across his lips. "It will lead to an even less efficient transmission grid
and, longer term, it could make things worse."
Why would Davis swallow his pride and court favor with Enron's big cheese?
Simple: Davis will need the Bush administration's backing to make the
power-line sale fly, and, many believe, there's no faster way to reach the
new president than via the Houston office of his leading corporate patron.
Lay, 58, and his company have donated more than $500,000 to Bush's various
political campaigns in recent years, and he placed Enron's private jet at
Bush's disposal during the presidential race.
So great is Lay's influence with the president that some insist he is now
serving effectively as shadow energy secretary, shaping U.S. energy policy as
he sees fit.
"There's a long history of Enron pulling the levers of its political
relationships to get what it wants," said Craig McDonald, director of Texans
for Public Justice, a watchdog group. "What Ken Lay thinks energy policy
should be isn't very different from what George Bush and Dick Cheney think it
should be."
ANOTHER VIEWPOINT
Lay, of course, sees things differently. At the mere mention of his close
rapport with the president, his eyes glazed over and he mechanically recited
the words he has repeated numerous times in recent months.
"I have known the president and his family for many years," Lay said. "I've
been a strong supporter of his. I believe in him and I believe in his
policies."
He insisted that reports of his having sway over Bush on energy matters are
"grossly exaggerated."
Still, it is striking that Bush's quick decision after taking office to limit
federal assistance in solving California's energy woes virtually mirrored
Lay's own thoughts on the situation. So, too, with the administration's
hands-off approach to resolving the crisis.
Whatever else, California's power woes have been very kind to Enron's bottom
line. The company's revenues more than doubled to $101 billion last year.
They haven't hurt Lay, either. According to company records, his pay package
more than tripled last year to $18.3 million.
Lay and other Enron officials steadfastly refuse to break out the company's
California earnings from other worldwide business activities. But Lay
conceded that Enron's profit from California energy deals last year was "not
inconsequential."
"We benefit from the volatility," he said.
CAPTIVE MARKETPLACE
That's putting it mildly. It could be said that California's energy mess was
tailor-made for Enron, which is almost uniquely positioned to prosper from a
captive marketplace in which electricity and natural gas prices are
simultaneously soaring skyward.
To understand why that is, one must look closely at Enron's complex business
model. The company is much more than just a middleman in brokering energy
deals.
Lay, with a doctorate in economics and a background as a federal energy
regulator, set about completely reinventing Enron in 1985 after taking over
what was then an unexceptional natural-gas pipeline operator.
As he saw it, the real action was not in distribution or generation of
energy, but in transacting lightning-fast deals wherever electricity or gas
is needed -- treating energy like a tradable commodity for the first time.
Enron is now the leader in this fast-growing field, and uses that advantage
to consolidate its position as the market-maker of choice for energy buyers
and sellers throughout the country.
It also exploits its size and trading sophistication to structure unusually
creative deals. For example, if electricity prices are down but natural gas
prices up, Enron might cut a deal to meet a utility's power needs in return
for taking possession of the gas required to run the utility's plants.
Enron could then turn around and sell that gas elsewhere, using part of the
proceeds to purchase low-priced electricity from another provider, which it
ships back to the original utility.
"We do best in competitive markets," Lay said. "These are sustainable
markets."
TRADING FRENZY
Enron's trading floors buzz all day long with frantic activity as mostly
young, mostly male employees scan banks of flat-panel displays in search of
the best deals. Rock music blares from speakers, giving the scene an almost
frat-party atmosphere.
The company's trading volume skyrocketed last year with the advent of an
Internet-based bidding system, which logged 548,000 trades valued at $336
billion, making Enron by far the world's single biggest e-commerce entity.
Kevin Presto, who oversees Enron's East Coast power trades, called up the
California electricity market on his computer. With a few quick mouse clicks,
he showed that Enron at that moment was buying power in the Golden State at
$250 per megawatt hour and selling it at $275.
"Some days we're at $250, some days $300 and some days $500," Presto said
over the steady thump-thump of the trading floor's rock 'n' roll soundtrack.
"There's truly a problem out there."
This is a recurring theme among Enron officials: California's electricity
market is broken and Enron would prefer it if things just settled down. As
Lay himself put it, "The worst thing for us is a dysfunctional marketplace."
In reality, California's dysfunctional marketplace means Enron isn't just
making piles of money, it's seeing profits both coming and going.
LOTS OF BUSINESS IN CALIFORNIA
The company's energy services division, which handles the complete energy
needs of large institutions, counts among its clients the University of
California and California State school systems, Oakland's Clorox Co., and
even the San Francisco Giants and Pac Bell Park.
Enron purchases electricity on behalf of these clients from Pacific Gas and
Electric Co., which by law must keep its rates frozen below current market
values. At the same time, Enron sells power to PG&E at sky-high wholesale
levels.
In other words, Enron is buying back its own electricity from PG&E for just a
fraction of the price it charges the utility.
"These guys are the pariahs of the power system," said Nettie Hoge, executive
director of The Utility Reform Network in San Francisco. "Why do we need
middlemen? They don't do anything except mark up the cost."
To be fair, energy marketers such as Enron can help stabilize an efficient
marketplace by promoting increased competition between buyers and sellers.
This has proven the case in Pennsylvania, where Enron actively trades among
about 200 market participants.
But in an inefficient market such as California, a company like Enron can
easily exacerbate things by exploiting loopholes in the state's ill-conceived
regulatory framework.
Sylvester Turner, a Houston lawmaker who serves as vice chairman of the state
committee that oversees Texas utilities, said he can't blame Enron and other
power companies for pursuing profits in California.
"California set up some bad rules, and these companies played by the rules
California set up," he said. "At the end of the day, they will behave to
enhance their bottom lines."
But as Texas proceeds toward deregulation of its own electricity market next
year, Turner said he has learned from California's experience -- and is
taking steps to prevent Texas' power giants from shaking down local
consumers.
LESSONS FROM GOLDEN STATE
He has written a bill intended to give the Texas Public Utility Commission
more authority in cracking down on market abuses. The power companies are
fighting the legislation as hard as they can.
Not least among Turner's worries is that Texas will see what California
officials believe happened in their state: A deliberate withholding of power
by leading providers until surging demand had pushed prices higher.
"I have that concern," he said. "I don't necessarily take these companies at
their word."
For his part, Lay insists that Enron has never deliberately manipulated
electricity prices.
"I don't know of any of that," he said. "It's so easy to conjure up
conspiracy theories."
As a sign of Enron's commitment to solving California's energy troubles, Lay
said he supported Davis when the state began negotiating long-term power
contracts on behalf of utilities.
So how many contracts has Enron signed?
Suddenly, the hurt, puppyish expression vanished from Lay's face, and a
harder, more steely look glinted from his eyes.
"None," he said. "We won't be signing until we're certain about recovering
our costs."
Consider this a shot across California's bow.

PHOTO; Caption: Chairman Kenneth Lay said Enron had "nothing to do with
creating the (energy) problem."

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

Enron boss says he's not to blame for profits in energy crisis

03/04/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SAN FRANCISCO (AP) - Yes, his business has profited handsomely from
California's energy crisis, but Enron Corp. Chairman Kenneth Lay says he
shouldn't be a scapegoat in California's energy crisis.
That hasn't swayed Gov. Gray Davis, who has skewered energy companies such as
Houston-based Enron for selling expensive power to California.
"Never again can we allow out-of-state profiteers to hold Californians
hostage," Davis warned in his State of the State address.
More recently, however, Davis called Lay to discuss negotiations as the state
looks to buy power transmission lines from troubled utilities.
"I told him we couldn't support it," Lay told the San Francisco Chronicle in
an interview at his Houston office. "It will lead to an even less efficient
transmission grid and, longer term, it could make things worse."
Lay is not just any private-sector energy czar - Enron Corp. is the world's
largest energy trader and Lay is a close friend of President George Bush. Lay
and his corporation have donated more than $500,000 to Bush's various
political campaigns in recent years and he offered Bush use of Enron's
private jet during the presidential race.
But Lay said it's economics, not politics, that matter in California's energy
crisis. And he thinks it unfair that Davis has blamed out-of-state energy
brokers for the protracted problems.
"We didn't make the rules in California," Lay said. "We had nothing to do
with creating the problem."
The problem, many analysts agree, began with the state's deregulation of the
power industry in 1996. Enron encouraged deregulation, and the state's
ensuing power crisis has been lucrative for the corporation.
Enron's stock jumped 86 percent in 2000 and its revenues more than doubled to
$101 billion. Lay, 58, was compensated accordingly - he received nearly $16
million in stock and cash beyond his $1.3 million salary last year, compared
with less than $4 million in bonuses in 1999.
Lay refused to say how much Enron has made off California's crisis, though he
conceded the profit was "not inconsequential."
"We benefit from the volatility," said Lay, who took over Enron in 1985 and
has helped turn the corporation into a major player in the trading of
electricity as a commodity.
But Lay rejected suggestions that Enron has manipulated prices upward by
insisting California pay dearly for last-minute power that has helped keep
the lights on in recent months.
"I don't know of any of that," he said. "It's so easy to conjure up
conspiracy theories."

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

BUSINESS
NET WORTH
The Stadium Curse? / Some stocks swoon after arena deals
Kathleen Pender

03/04/2001
The San Francisco Chronicle
FINAL
B1
(Copyright 2001)

Is buying the name of a big-league stadium the kiss of death for a company,
or does it only seem that way?
From Network Associates Coliseum in Oakland to the unfinished CMGI Field
outside Boston, the nation is dotted with sports venues named after companies
whose stocks have been sacked.
The Super Bowl champion Baltimore Ravens play in a stadium named after
PSINet, whose stock has fallen 92 percent to $1.25 a share since it bought
naming rights.
The problem names are not all tech.
The owners of the TWA Dome in St. Louis and Pro Player Stadium in Miami are
looking for new corporate sponsors because their current ones are bankrupt.
TWA is an airline. Pro Player was part of underwear-maker Fruit of the Loom.
The home of the Anaheim Angels could be in the market for a new name if
Edison International, parent of electric utility Southern California Edison,
runs out of juice.
Of course, these companies were not in trouble when they promised to pay tens
or hundreds of millions of dollars to have their names plastered on a
ballpark or arena.
In fact, many were at their peak.
Which begs the question: Should investors get worried when a company in which
they own stock puts its name up among the floodlights?
Brian Pears, head of equity trading with Wells Capital Management, wonders if
companies are susceptible to some weird strain of the "Sports Illustrated
curse." It seems as if any athlete who is pictured on the cover of SI
magazine invariably loses his next game or pulls a groin muscle.
Business celebrities suffer from a similar phenomenon: Amazon.com Chief
Executive Officer Jeff Bezos was named Time magazine's 1999 person of the
year just before his company's stock price tanked.
Don Hinchey, who advises buyers and sellers in naming-rights deals, doesn't
think the curse holds true in stadium and arena deals.
"You can make a case that a company is doing well when it acquires a naming
rights sponsorship, but you can't necessarily say it corresponds with a peak
in its business," says Hinchey, director of creative services for the Bonham
Group in Denver.
TRACKING NAMING FIRMS
To find out if Hinchey is right, I tracked the stock market performance of
publicly held companies since they bought naming rights to 47 big-league
sports venues in North America.
I excluded facilities named after subsidiaries of larger companies, including
Miller Park in Milwaukee (Miller Brewing is part of Philip Morris) and Pac
Bell Park in San Francisco (Pacific Bell is owned by SBC Communications,
which is putting its own name on an arena in San Antonio).
I used the announcement date as a starting point because stadium naming deals
are, after all, marketing endeavors. The announcement of a deal generates
tons of publicity, which is considered positive, even if the publicity is
negative and even if the stadium won't open for several years.
Then I compared each company's stock market performance with the Standard &
Poor's 500 index during the same period.
The bottom line: 29 of the 47 companies that bought stadium or arena names
are trading at a higher stock price today than when the deals were announced,
according to data from FactSet Research Systems. (Two companies each bought
two names and were counted twice.)
But -- and this is a big but -- only 13 of them beat the S&P 500 during the
period since their respective deals were announced.
So buying a stadium name might not be a curse, but it's no guarantee the
company will beat the market.
WINNERS, LOSERS
The companies that have done best since buying a name come from a wide
variety of industries.
The biggest winner is Qualcomm, a wireless telecommunications company.
Although its stock is down 65 percent from its peak, it's still up 746
percent since it agreed to slap its name on a San Diego stadium.
The next-biggest winners include Target (discount stores), Ericsson (telecom
equipment), Coors (beer), Fleet Financial (banking), Pepsi (soft drinks) and
Enron (energy).
The biggest losers are TWA, PSINet (Internet service provider), CMGI
(Internet incubator), Savvis Communications (telecom services) and Network
Associates (network security software).
Network Associates' stock peaked about three months after it bought naming
rights to the Oakland Coliseum in September 1998. Since then, it has suffered
a string of setbacks. After the Securities and Exchange Commission questioned
its accounting practices, it restated its financial results for 1997 and
1998. Its CEO resigned in December.
Network Associates is paying slightly more than $1 million per year for the
coliseum name. It can get out of its 10-year deal after five years.
The company "has been paying us," says Deena McClain, general counsel with
the Oakland-Alameda County Coliseum Authority. "We haven't had any
discussions with them" about changing the contract.
Most naming-rights contracts have "out clauses that allow the parties to
extricate themselves if they want, can or need to in the event of financial
difficulties or if a team moves," says Hinchey.
Although nobody likes to be associated with a loser, stadium owners may
benefit if a troubled company cuts out of a deal early.
That's because stadium name prices have skyrocketed since the mid- 1990s,
when $1 million a year -- give or take -- was average.
In 1999, FedEx agreed to pay $205 million over 27 years to be named home of
the Washington Redskins.
In 2000, CMGI agreed to pay $114 million over 15 years to have its name on
the new home of the New England Patriots. It's questionable what kind of
shape CMGI will be in when the stadium opens next year.
The "10-gallon hat of naming rights deals," says Hinchey, is in Houston,
where Reliant Energy will pay $300 million over 32 years to name the
Astrodome and a new football stadium after itself.
Some customers of Reliant's utility subsidiary were outraged when the deal
was announced because the company was also raising electricity rates.
Some shareholders also get perturbed when their company spends money on a
stadium instead of a new plant or stock dividends.
But Jim Grinstead, editor of Revenues from Sports Venues, says, "you have to
look at the (stadium) purchase in light of total marketing budget. It sounds
like big money, but frequently it's over 20 to 30 years. If you take out
things the company might buy anyway, like tickets and luxury suites, it's
small potatoes."
WHAT A DEAL IS WORTH
The main benefit of a stadium deal is the exposure a company gets when a game
is broadcast on TV or radio or mentioned in print.
"This is the biggest bang for your buck in terms of branding," says Jennifer
Keavney, a Network Associates vice president who negotiated the stadium deal.
She says the cost of her deal, about $1 million a year, "won't even buy you a
Super Bowl ad. It will buy five commercials on a nationally televised
football game, maybe."
The Coliseum, perched beside Interstate 880, also acts like a giant billboard
for the company, which frequently gets mentioned in traffic reports.
Hinchey says most naming deals also include tickets and luxury boxes; on-site
exposure through signage and kiosks; premium nights when the sponsor might
offer samples at the park; and inclusion in programs, tickets and flyers.
Most companies that strike stadium deals want to become a household name
because they sell consumer products or services.
But not always.
3Com sold nothing but corporate networking gear when it bought the name to
Candlestick Park in San Francisco in 1995.
"It was a good move for them," says Jim Grinstead, editor of Revenues from
Sports Venues. "They got the employees they were looking for, the visibility
they were looking for. At the time, they were a player in a crowded field,
and they wanted to look like a fun place to work."
Last April, 3Com extended its original 4-year contract for two more years.
The biggest risk companies run is that the team that plays in their facility
will be a loser.
"Companies invest in an entity that can enhance their brand, their sales and
hospitality efforts. Certainly that loses its luster if the team is not
performing well," Hinchey says. "But corporations realize the team's success
on the field fluctuates. It could be a champion one year, next year in the
dumps."
The same can be said about the corporate sponsors, which is something stadium
owners -- be they taxpayers or business tycoons -- must realize when they
sell a name.

PHOTO; Caption: Rich Gannon of the Oakland Raiders scored in Oakland's
Network Associates Coliseum last year. / Frederic Larson/The Chronicle 2000

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


I am waiting for a call back from MD Anderson concerning whether they were
able to locate my information.  Their records go back to 1998, and I believe
I gave at MD Anderson in 1998, but you know how that is.  Assuming that all
goes well, I can go tomorrow at 930am (when they open.  I'll keep everybody
posted.

The folks at MDA confirmed that they have Michael's consent forms ready to
go, just in case that question should arise.

Bob, sorry to hear about the doctor, and the impact it must have had on
Michael.

Kay

"Wright, Connie J" <CWright@UH.EDU> on 10/23/2000 09:20:00 AM
To: "'bob.joyce@kvaerner.com'" <bob.joyce@kvaerner.com>, Kay.Mann@enron.com
cc: Angie.Chappell@Enron.com, Claudia.Santos@enron.com, CWright@UH.EDU,
Djisman@aol.com, Geneva.Holland@enron.com, Matt.Maxwell@enron.com,
NOCART@aol.com

Subject: RE: to get blood typed

I have not received my card verifying blood type yet (hope to have it today)
so as of yet, I am not "legal" to give blood.  If someone CAN go, could you
let all of us know - otherwise I will try to go Tue or Wed if my card
arrives.


Approved.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/13/2000
05:05 PM ---------------------------

Tracy Geaccone
12/13/2000 04:33 PM
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Expense Report

For your approval.

Thanks

Tracy
---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 12/13/2000
04:34 PM ---------------------------

Kathy Campos
12/13/2000 03:47 PM
To: Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject: Expense Report

Tracy,

Attached is your expense report, please review and forward for approval.

Thanks,
Kathy


What's with this CEO title?
Whatever it is you  made
Enron what it is,  CEO or not.
Proud of you Jeff.
Love
Metin

PS:
Have you decided yet?
Will you be president
via the senate  or
the governorship route?


Dear Vince,

Thank You!  I feel much better now.

Sam

Vince J Kaminski@ECT
11/15/2000 07:31 AM
To: William Smith/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: the next newsletter

Sam,

Good thinking. I shall also write an article over the weekend so we shall
have one in reserve.

Vince

	Enron North America Corp.

	From:  William Smith @ ENRON                           11/15/2000 07:17 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Elena Chilkina/Corp/Enron@Enron
Subject: the next newsletter

Good Morning, Vince!

As I will be on vacation (tomorrow until Monday the 27th), I'm enlisting
Elena Chilkina's help in producing this Monday's (20 Nov.) newsletter.
Here's how I hope it will work:

I've asked Alex Huang to try to get his article to you by Friday for your
review.
I'm attempting to get with Sharad today to get his photo and remind him about
the bio piece for page one.  He should be the feature for Monday.
I will also schedule a person and an article (probably from Charlie Weldon)
for the 27th.  If Alex's article is a two-parter, we'll just do part 2 that
day instead.
For all submissions for this coming Monday's issue, I would ask that they be
e-mailed to Elena Chilkina

If you notice something I may have missed,  would you please let me know?

Thank You!

Sam


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

    LOG MESSAGES:

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

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

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


When: Monday, September 17, 2001 9:00 AM-10:00 AM (GMT-06:00) Central Time (US & Canada).
Where: Rick's office

*~*~*~*~*~*~*~*~*~*


Ginger, I have a meeting tmw morn until 9 AM my time, will I still be able to
call in on this?


Sally,

FYI - here is what Jim is using for the Accounting activities.

Brian
---------------------- Forwarded by Brian Redmond/HOU/ECT on 04/02/2001 05:43
PM ---------------------------
From: Jim Coffey on 04/02/2001 02:58 PM
To: Brian Redmond/HOU/ECT@ECT, Deanna Washington/Enron@EnronXGate, Emma Kam
Welsch/HOU/ECT@ECT, Vince Mack/Enron@EnronXGate, Marian
Bryant/Enron@EnronXGate, Anne C Koehler/HOU/ECT@ECT, Sandi M
Braband/HOU/ECT@ECT, Troy Denetsosie/HOU/ECT@ECT, Steve -HPL-
Schneider/HOU/ECT@ECT, Yvette Miroballi/Enron@EnronXGate, Rick
Boehm/Enron@enronXgate, Nathan L Hlavaty/HOU/ECT@ECT
cc: Kedar Kulkarni/Enron@EnronXGate
Subject: PP&E and CWIP Protocol for HPL Transition

Please review the attached PP&E and CWIP Protocol for the HPL transition and
respond with any suggested changes ASAP.  I would like to send this to AEP by
tomorrow if at all possible.

Also attached below are the files with the List of Asset Master Data Elements
referred to in the Protocol which will be attached to the Protocol.

CWIP

PP&E


Bill Rapp requested copies of contracts that deviated from our GISB boiler plate contracts.  He was to review them and determine whether he needed to include them in a project he was working on.  Josh delivered copies of the ones Craig identified below to him on Friday afternoon so I do not think you need to do anything.

Rick

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Monday, January 07, 2002 8:43 AM
To:	Buehler, Craig; Dietz, Rick
Subject:	RE: Non-standard TW Agreements

Craig,
	What is the definition of "non-standard" for your purposes?  Give me a call to discuss and I'll verify. (X36007)
Thanks!
Lindy

 -----Original Message-----
From: 	Buehler, Craig
Sent:	Friday, January 04, 2002 10:10 AM
To:	Dietz, Rick
Cc:	Donoho, Lindy
Subject:	Non-standard TW Agreements

Here is a listing of known non-standard agreements on TW.  Lindy Donoho should be contacted (she's out until 1/7/02) to verify the list as she tracks these deals on a routine basis.  Here's what I've found...

21175	PG&E	Special Calc
23762	Burlington	Special Calc
24568	Enervest	Special Calc
24654	ECT	Special Calc
24669	Southern Ute	Fixed
24670	SMUD	Special Calc
24754	E. New Mexico	Volumetric
24924	ECT	Fixed
24925	Williams	Fixed
24925	Williams	Fixed
24927	Phillips	Fixed
25374	Oneok	Volumetric
26371	Duke	Cap Rel - Special Calc
26490	Agave	Optional 2nd term
26677	PG&E	Cap Rel - Special Calc
27047	Red Cedar	Special Calc - 70% Load Factor
27161	USGT	Negotiated Rate
27420	W. Texas Gas	Volumetric
27496	Reliant	Negotiated Rate
27606	PNM	Special Calc


Maria is expecting your call.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/28/2000 11:08 AM -----

	"Chiodi, Maria" <maria.chiodi@csfb.com>
	12/27/2000 05:38 PM

		 To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
		 cc: "Haratunian, Stephen" <stephen.haratunian@csfb.com>
		 Subject: RE: Forward Confirmation

Sara:

I attach a copy of the confirmation with the trade details for the two
outstanding transactions.  Please let me know if you have any further
comments.  I will wait to hear from Jim as to whether or not he is happy
with the jurisdiction language.

 <<Fwd (12-27Trade2).doc>>  <<Fwd (12-27Trade1).doc>>

>  Maria Chiodi
>  Legal and Compliance Department
>  CREDIT | FIRST
>  SUISSE | BOSTON
>  Phone: 212-325-6724
>  Fax: 917-326-7763
>
>
>
>  -----Original Message-----
> From:  Chiodi, Maria
> Sent: Wednesday, December 27, 2000 5:19 PM
> To: 'jim.armogida@enron.com'; 'sara.shackleton@enron.com'
> Cc: Haratunian, Stephen
> Subject: Forward Confirmation
>
> Jim and Sara:
>
> Jim, I received your voice mail and apologize for taking so long to get
> back to you.  I attach a copy of the last draft we discussed that contains
> the new jurisdiction language.  I used some of your suggested language,
> ISDA's section 13 wording and then just lifted the rest from the language
> in the indemnity to the engagement letter that I faxed to you earlier
> today.  Please let me know if this is acceptable.
>
> Thanks,
>
>   Maria Chiodi
>   Legal and Compliance Department
>   CREDIT | FIRST
>   SUISSE | BOSTON
>   Phone: 212-325-6724
>   Fax: 917-326-7763
>
>
>  << File: Fwd (12-27Trade1 BL to 12-22).doc >>

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

 - Fwd (12-27Trade2).doc
 - Fwd (12-27Trade1).doc


Please note the attached PRELIMINARY Power Trading Daily P&L Notification.
The P&L Notification is ($225.83 million) versus a limit of ($54 million).


Amen!  This lot size proposal is so important to all of us.  A reminder:  I have offered to coordinate rides for the 2:30 hearing downtown on this Thursday, the 18th.

Just let me know.

Gayle Ramsey

Amy & Alistair wrote:

HHA topics may be particularly interesting to EMCA homeowners this month.
If so, mark your calendars to attend the HHA meeting, on Monday, October 22,
2001!

Amy

----- Original Message -----
From: Michael S O'Brien <michael.o.brien3@worldnet.att.net>
To: <michael.o.brien3@worldnet.att.net>
Sent: Tuesday, October 16, 2001 11:18 PM
Subject: HHA UPDATE 10-14-01

> HHA UPDATE 10-14-01
>
> HHA GENERAL MEETING 10-22-01
> PREVAILING LOT SIZE AMENDMENT---PLANNING COMMISSION 10-18-01
> RICE UNIVERSITY---TROPICAL STORM ALLISON
>
> HHA GENERAL MEETING
>
> The next Houston Homeowners Association General Meeting is scheduled for
> Monday, October 22, 2001:
>
> SPEAKER:  George Dabney, Mayor's Office
> TOPIC:  Housing issues, particularly the plans for the forty-acre MDI site
> which is an EPA Super Fund
> WHERE:  First Presbyterian Church, 5300 Main @ Bissonnet
> WHEN:  Monday, October 22, 2001
> ROOM:  Solarium
> TIME:  6:00 P.M.
>
> To find the Solarium---Enter through the Welcome Center at the top of the
> circular drive on the side facing the Museum of Fine Arts.  A HHA sign
will
> be on the door.  Turn left and proceed about fifty feet and you will be in
> the Solarium.
>
>
> PREVAILING LOT SIZE AMENDMENT---PLANNING COMMISSION 10-18-01
>
> THE PREVAILING LOT SIZE AMENDMENT TO CHAPTER 42 IS OF CRITICAL IMPORTANCE
TO
> INNER LOOP NEIGHBORHOODS!!!
>
> WHAT: Planning Commission Public Hearing
> DATE:   Thursday, October 18, 2001
> TIME:    2:30 P.M.
> WHERE:  City Hall Annex Council Chambers, 900 Bagby---Park behind the
Annex
> and enter
>  through the parking level doors.  As you pass through the metal detectors
> turn
>  left and the Council Chambers are at the end of the short hall.
>
> When the amended Chapter 42, Development Ordinance, was passed in March,
> 1999, the biggest change made was to divide the City into two parts,
> suburban-everything outside Loop 610 and urban-everything inside Loop 610.
> To create an urban area that was "denser" than the suburban area, the
> ordinance provided for smaller setbacks, smaller lot sizes and less
> compensating open space in the urban area.
>
> For those urban neighborhoods who did not have deed restrictions or whose
> deed restrictions did not address front setbacks, the amended Chapter 42
> provide the Special Building Line Requirement Area (Section 42-163, SBLRA)
> as help.  The SBLRA allows neighborhoods to petition the City to maintain
> their prevailing front setbacks.
>
> This proposed Prevailing Lot Size amendment to Chapter 42 will work
> basically like the SBLRA.
> To review the proposed Prevailing Lot Size amendment please check out the
> following address
>
> <http://www.ci.houston.tx.us/departme/planning/Devp_rel.htm>
>
> This will get you to the page titled Development Regulations.  Scroll down
> to the Proposed Prevailing Lot Size Amendment and click on where it says,
> "click here to view the proposed amendment".
>
> WE CAN NOT STRESS HOW IMPORTANT IT IS TO HAVE REPRESENTATIVES OF THE URBAN
> AREA NEIGHBORHOODS ATTEND AND SPEAK IN SUPPORT OF THE PROPOSED PREVAILING
> LOT SIZE AMENDMENT AT THIS PLANNING COMMISSION HEARING!!!
>
>
> RICE UNIVERSITY---TROPICAL STORM ALLISON
>
> TROPICAL STORM ALLISON - A BRAYS BAYOU EVENT
>  >
>  >What happened, why, and what can be done about future flooding?
>
> >
> >A ONE DAY CONFERENCE AT RICE UNIVERSITY
> >
> >13 November 2001
> >
> ><http://www.rice.edu/flood>
> >
> >Tropical Storm Allison formed quickly in the Gulf and arrived in
> >Houston on June 5th, 2001 causing serious flooding for several days.
> >On June 8-9, 2001, Allison returned with a vengeance to the central
> >Houston area, dropping more than 15 inches of rain near lower Brays
> >Bayou in just nine hours, and more than 10 inches of rain in three
> >hours at the Texas Medical Center. This massive flood event caused
> >over $2 billion in damages and flooded thousands of homes along
> >Brays Bayou. The damages in Harris County exceeded $5 billion. NOAA
> >classified Allison as one of the most damaging U.S. urban floods in
> >history.
> >
> >The one-day conference at Rice University is open to the public, and
> >designed to present facts and observations from the Allison flood,
> >explain how and why it occurred, and offer ideas on what can be done
> >in the future.  Conference speakers include representatives of the
> >National Weather Service, Harris County, the City of Bellaire, and
> >the Texas Medical Center, local academics, consultants, and
> >engineers, and local organizations.  The conference will focus on
> >the Brays Bayou Watershed area
> ><http://st-helens.rice.edu/BraysFAS/Watershed_Description.htm>.
> >Individuals, organizations, or businesses with property in this area
> >would benefit from the important information being discussed at this
> >conference.
> >
> >Seating is limited to 200, so please register early.
> >To register or for more information, please visit our web site at
> ><http://www.rice.edu/flood> or www.floodalert.org.
> >
> >Thank you.
> >
> >Philip B.  Bedient
> >
> >Herman Brown Professor of Engineering
> >Civil and Environmental Engineering
> >Rice University
> >6100 Main St (MS 317)
> >Houston, Tx  77005
> >
> >Telephone   713 348-4953  Fax 713 348-5239
>
>
> Thanks
> Mike O'Brien, President
> Houston Homeowners Association
> 281-496-0752
> 281-496-6896 Fax
> michael.o.brien3@worldnet.att.net
>

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thanks...

From: Sara Shackleton@ECT on 04/23/2001 09:50 AM
To: Caroline Abramo/Corp/Enron@Enron
cc: Paul Radous/Enron@EnronXGate

Subject: Valentis/CD Holding

Caroline:

I am in the midst of preparing these annexes now.
You should take special note of the credit that Paul is insisting upon (seems
to be similar to AIG).  This is all credit - but note his Additional
Termination Event if the ISDA is not executed within 60 days.  You must
discuss all of the items with your counterparty.

Also, if you do the deal(s), give me the name, phone/fax numbers, email
addresses of all commercial and legal for your counterparties.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/23/2001 09:45 AM -----

	Paul Radous/ENRON@enronXgate
	04/19/2001 05:43 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Caroline Abramo/Corp/Enron@Enron
		 Subject: Valentis

Here are the credit worksheets for Valentis (25% of the trade and Independent
amount should be allocated here) and CD Holdings (75% allocated here).  This
will work for the ISDA, and I am hearing from Caroline that they are ok with
posting this up front amount in cash.  So, for purposes of the Deemed ISDA,
we may as well include all of the credit provisions, but make the $2MM a
"Special Independent Amount" applicable to the counterparty, which may be
increased by Enron up to $5MM. This Special Independent Amount should be
added to the Independent Amount as that term is used in the ISDA in order to
give us the ability to demand more collateral at will with respect to the
long term hedge.  Given the fact that the c/p can post cash instead of LC's I
see no reason for us to always have the Special Independent Amount in cash.
That is, if we are $2MM out of the money on the position, I do not have a
problem returning their cash, so long as it is in increments of the rounding
amount.

So I think we should just go ahead and put credit into these Deemed ISDAs,
and require that the failure of the parties to execute an ISDA within 60 days
will constitute a termination event.

Caroline, again, the c/p will have to verbally agree to Loss instead of
market quotation, to the special margining provisions with respect to this
particular long term trade, etc.  Let's discuss how this will work, since it
is different from what I proposed on the phone.

Sara, after you have had a chance to look at these, give me a call so we can
discuss.

Thanks.
Paul


looks good

Maureen McVicker
05/01/2001 05:36 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Memo to go out.

Steve:  FYI - this is what went out Tuesday night, after a few minor
changes.  It was approved by Ken, Jeff & Cliff.

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/01/2001
05:35 PM ---------------------------

Maureen McVicker
05/01/2001 05:35 PM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: Memo to go out.

Please see attached.


My lawyer wanted to speak with your lawyer to discuss these comments further
and try to reach an agreement.  Can you please provide a  name and phone and
fax number so that they can speak

Thanks
Dave

"Beveridge, Francesca" <Francesca.Beveridge@dowjones.com> on 04/03/2000
03:45:43 PM
To: "'dsamuels@enron.com'" <dsamuels@enron.com>
cc:
Subject: Confidentiality Agt

Dear David,
I am forwarding to you the confidentiality agreement after my legal
department made a few changes. Please let me know if the changes are
acceptable to you.
Best regards,
fb

>  <<Enron04-03-001blk.doc>>

 - Enron04-03-001blk.doc


Remember we need to make a filing for our BP Energy deal, which becomes
effective Dec. 1.  (Mary, I think you and I talked about this several weeks
ago).  The contract simply includes a right of first refusal for BP Energy.
The contract is such that the shipper would not have been entitled to a ROFR
under our tariff, which is why it's a material deviation.
The filing will simply need to reference a tariff sheet on which the contract
provision is described.
Let me know if you need anything (a copy of the contract, for instance).
I have a conf. call from 2 to 3 but otherwise should be available if you want
to give me a call.


Please review the amendments to SB 11 (attached),  on protective orders.? It
has been amended to add "unlawful energy price  manipulation."
http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sb_11_bill_20010605_amended_s
en.pdf

Chris Micheli, Esq.
Carpenter Snodgrass  & Associates
1201 K Street, Suite 710
Sacramento, CA?  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com


Jeff,

Hopefully you already received a set of power point charts which are not on
my laptop at the moment.

In case you did not, I am sending the source excel files, which I do have.  I
basically sent you the charts in the first 3 sheets of the .xls file.

I can resend you power point versions in the morning if that helps.

Alan


Bros.,
It is true that Clay is coming, but the NEW addition to  the list is ROB
ROSSELL.
BEEK


---------------------- Forwarded by Judy Townsend/HOU/ECT on 11/30/2000 11:43
AM ---------------------------

	Enron North America Corp.

	From:  Executive Compensation Department @ ENRON
11/28/2000 06:03 PM

Sent by: Enron Announcements@ENRON
To: Eligible Employees
cc:
Subject: Deferral Enrollment 2001

The annual deferral program enrollment process is underway.  Enron's Bonus
Stock Option and Bonus Phantom Stock Programs provide you with an opportunity
to receive stock options and phantom stock in lieu of all or a portion of the
cash bonus you may receive during 2001.

To make enrollment even more convenient for you, this year's deferral program
information is available on eHRonline.  To learn more about your deferral
program opportunities and to enroll for 2001 deferrals, access eHRonline at
http://ehronline.enron.com.  (Call the ISC Help Desk at 713-345-4727 if you
need your ID or password to access the system.)

1. Review the program descriptions (attached to the Election Form) before you
make your elections.
2. If you decide to defer compensation, complete the Election Form before
Friday, December 8,  2000, 5:00 p.m. CST (the enrollment deadline).
3. Print your 2001 Election Form and Confirmation Statement right from the
web site and you,re   finished!

If you would like to attend an employee meeting to learn more about these
programs, following is a list of meeting dates, times, and locations:

Wednesday, November 29  2:00 p.m. - 3:00 p.m.   EB 5C2
Monday, December 4   9:00 a.m. - 10:00 a.m.  The Forum (2 Allen Center, 12th
Fl.)
Tuesday, December 5   2:00 p.m. - 3:00 p.m.   EB 5C2
Wednesday, December 6   2:00 p.m. - 3:00 p.m.   EB 5C2

Since seating is limited, please RSVP (leave a message for Diana Gutierrez
(713-345-7077) confirming your name, phone number, and the meeting you wish
to attend).

DEFERRAL ENROLLMENT 2001--ADDED VALUE FOR YOUR FUTURE


Please see the attached report distributed at the last quarterly meeting.

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

Thanks,
Ted
X-37952


Transwestern's average deliveries to California were 1035 MMBtu/d (95%), with San Juan lateral throughput at 832 MMBtu/d and Rio Puerco at 14 MMBtu/d.  Total East deliveries averaged 444 MMBtu/d.

El Paso's average deliveries to California were 2202 MMBtu/d (78%) :
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 645 MMBtu/d (57%)
- SoCalEhr, capacity 1117 MMBtu/d, deliveries of 1096 MMBtu/d (98%)
- SoCalTop, capacity 504 MMBtu/d, deliveries of 461 MMBtu/d (91%)

Friday's posted Gas Daily prices:
	SoCal gas, large pkgs	  3.775
	PG&E, large pkgs	  3.40
	TW San Juan		  n/a
	TW Permian		  3.005

Friday's Enron Online bases:
		Aug		Aug-Oct	Nov-Mar
Perm-CA	1.10		  .94		  .82
SJ - CA	1.60		1.32	  	  .94
SJ-Waha	  .49		  .39		  .12
Perm-Waha	  .00	 	  .005	              .00


Shelley -
See when Patty is available, and I will attend if I can.  All the dates you
mentioned are possible but not certain for me, except for Sunday, which is
bad for me. (We will not be in church this Sunday.)  I am particularly
interested in seeing what the Children's Church curriculum looks like...
Thanks, Shelley!
Barbara


Shirley,

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
09:41 AM ---------------------------

David Ikenberry <daveike@rice.edu> on 03/30/2001 06:57:57 PM
To: "vkamins@ennron.com" <vkamins@enron.com>
cc:
Subject:

Vince,
It was good seeing you again today.  I want to make sure the NFCF is on
your calendar for May 4-5.   You should be receiving some registration
materials shortly.

Please plan on coming if you can.
Also, please attend the dinner on Friday evening along with your wife if
possible.

Regards,
Dave

***********************************
Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385


Hi gang.  I have not changed anything on the storage deals since the middle
of last week.  I am still showing our projected ending balance on June 30th
to be 3,626,785 dth.  Let me know if you see something different.

Thanks


Per our discussion at lunch, excellent memo.  I don't know if it will make
John and Rockey feel any better, but the emphasis on results is exactly the
right message.

	From:  Bill Cordes                           01/13/2000 02:38 PM

To: Enron Everyone_ET&S_Omaha
cc:

Subject: Kent Miller Promotion

Earlier this week, the Office of the Chairman announced that Kent Miller has
been elected a vice president of Enron.

Kent is the first (of what I hope will be several) such promotion(s) under
Enron,s new Performance Review Committee (PRC) process.  He and the other
individuals selected for promotion to vice president and managing director
were elected based on their track records.

In Kent,s case, he earned his appointment by demonstrating exceptional
leadership, innovation and excellent earnings performance in developing NNG,s
storage transactions, as well as in his other marketing responsibilities.

This round of promotions is noteworthy because it is the first based solely
on outstanding accomplishments, rather than on the availability of open
hierarchical positions.  As a result, while performance expectations continue
to increase, there will be far greater opportunity for advancement throughout
the corporation.

Please join me in congratulating Kent on this achievement.


Please remind me to file expense report from CT trip.   In addition, please block my calender from Feb 6th to 10th for Florida (Miami) vacation.   Please also change the March vacation to March 9-13 (Disneyworld).

Kevin Presto
East Power Trading
Phone:  713-853-5035
Cell:  713-854-3923
Fax:  713-646-8272


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/30/99 01:45
PM ---------------------------

Kenneth W Walther
12/30/99 07:32 AM
To: Daren J Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT
cc:
Subject: Plan update

Darren please get Pat a copy of this plan and review where it says Mary Smith
with her . Thanks............
---------------------- Forwarded by Kenneth W Walther/HOU/ECT on 12/30/99
07:30 AM ---------------------------

Mary Solmonson
12/15/99 06:55 PM
To: Kenneth W Walther/HOU/ECT@ECT
cc: Susie Llinas/HOU/ECT@ECT
Subject: Plan update

One more update to change references to Susie LLinas to DBA on call.


New York law is ok w/ ENA.

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


Excellent!  I hope Briden's project attracts fewer vultures than Dennis
Langley's.  I need to go to Midland on the afternoon of the 12th, so could
meet in Houston conveniently on the morning of the 12th or anytime 10 am or
later on the 11th.  I could meet on the 10 th after 10, but less
conveniently.  Just let Martha know what the plan is and she'll deploy me.
Also,  when you say they want TW to "build, own and operate the plant" you
mean the gas pipeline facilities, not the power plant, right?  Must be
because $20 mil. would be a pretty cheap power plant.  Thats a pretty cheap
pipeline also for the length--about 40 miles, right?  DF

Jeffery Fawcett
06/27/2000 04:17 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Ronald Matthews/ET&S/Enron@ENRON, Terry
Galassini/ET&S/Enron@ENRON, James Centilli/ET&S/Enron@ENRON, Darrell
Schoolcraft/ET&S/Enron@ENRON, Paul Cherry/GPGFIN/Enron@ENRON, Rich
Jolly/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Julia
White/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Steven
Harris/ET&S/Enron@ENRON

Subject: Caithness Big Sandy, LLC. Project

The project's consultant, George Briden, of Snake Hill Energy, called me
today to say that Caithness Corp. has decided to move forward with plans for
the Big Sandy, LLC. Project.  To refresh your memory, the project is a
proposed IPP to be located about 40 miles south of TW's pipeline along
Highway 93, about 2 miles outside of Wickieup, Arizona.  I've attached a
simple bitmap below (click on it and hit "view") indicating the location of
the project relative to Transwestern's facilities.  Ultimately, the project
would be built for approx. 1,000 MW of generation in two phases.  Phase 1
will burn approx. 80,000 Dth/d, and phase 2 will burn an additional 120,000
Dth/d.  Initial indications are for the project to be in service in early
2002, with the lateral pipeline and gas service required as early as Q2, 2001.

Caithness Corp., based in New York, is a privately held company with diverse
interests including geothermal (renewable) electric generation facilities
(Coso Plant) in California.  George reported that Caithness would like for
Transwestern to build, own and operate the plant with facility costs (current
estimate, $20.3MM) to be amortized vis-a-vis a throughput/rate commitment.
Caithness would also like the project to be interconnected to El Paso's
system and the Questar Southern Trails Pipeline if that project should ever
be completed.

Obviously, we'll have to wade throught the legal/regulatory issues
surrounding this deal structure, as well as the requisite credit assurances.
With respect to the former, I think if we view this pipeline
ownership/operation structure more as a financing mechanism with associated
operating agreements, then we're probably OK.  With respect to the later,
George assured me that Caithness can/will set-up a funding mechanism that
would give Transwestern sufficient assurance of payback.

George would like to bring down a couple of representatives from Caithness to
meet with Transwestern sometime the week of July 10.  He suggested either
Omaha or Houston for the meeting, inasmuch as he'd like Drew Fossum to be
present.

Drew, I'm thinking it might be easier/better to have the meeting here in
Houston given our immediate access to maps and engineering data regarding the
lateral pipeline.  If you concur, what day(s) do you have open that week and
is there an opportunity for you to hop Bill's plane for either one or both
legs of the trip down here?  I'll ask Ron Matthews and maybe one or two
others to join us so we can cover a fairly broad base of functions in one
sitting.

Will you get back with me as soon as you can?  Others on the distribution, if
you can sit tight we'll get you more information as this meeting date/time
comes together.  Thanks.


---------------------- Forwarded by Mary Hain/HOU/ECT on 01/31/2001 02:01 PM
---------------------------

Mary Hain
01/30/2001 02:38 PM
To: scott.miller@ferc.fed.us
cc:
Subject: ISO problems

At your request, here's a write-up of our problems with the ISO.

Issue 1 - Concerning the intertie going North out of California into the
Northwest (NW) at the California Oregon Border (COB), since about the 24th of
January, the ISO has started telling market participants that the available
transmission capacity, which is usually 2300 MW, is zero.  Last Friday, this
caused prices to increase at the Mid-Columbia (NW trading hub) by about
$50-75, costing the NW wholesale market an estimated $2-5 million per day.
This transmission capacity is within the ISO's control and, because capacity
is available, the ISO's actions seem to violate Order No. 888.  I also wonder
what would happen if another control area decided they were going to take
similar action.  This hurts Enron financially because we own FTRs and if
there is no congestion, we don't get paid anything.  This is like "economic"
force majeure.  The reason the ISO is listing zero ATC is that they're in a
Stage 3 Emergency and they're not offering sufficient price/credit terms to
get the power they need.  California obviously thinks its power needs are
more important than the NW's.

Issue 2 - We have transmission we are purchasing from some California munis
using transmission facilities that are not part of the Cal ISO.  The ISO
advised today that they are thinking about cutting exports from California.
We are concerned that the ISO will cut our transaction even though it uses
transmission assets and rights that are not under the ISO's control.  If our
deal were cut, it could cost us $20,000 to $100,000 per hour (we have a 125
MW deal and spreads now are $125 and they would likely blow out more if
exports were cut).   We hesitate to call the ISO and ask if they are going to
cut us because we are afraid we might suggest something that they haven't
thought of.

I'd be happy to answer any questions.  I'm at (503) 464-8862.


It's that time again.  We need to prepare our group and individual goals for
1999.  Please give these some thought and give me your suggestions for our
group's goals by the end of the week.

Thanks,

Mark


Richard:

I don't know if you were copied separately on this message.  Can you send a
letter after Thanksgiving?  The first payment should come due the first week
in December.  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 11/22/2000 03:34 PM -----

	Douglas S Friedman
	11/22/2000 01:20 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Oct 20 conversation with Bob Lampo of Salerno

Looks like 2/3 of the way down on pg. 2 he clearly says we have a deal
pending the LC, a requirement which we later waved.

Doug
---------------------- Forwarded by Douglas S Friedman/HOU/ECT on 11/22/2000
01:18 PM ---------------------------

Alan Engberg
11/22/2000 11:44 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Douglas S Friedman/HOU/ECT@ECT, Jason Williams/HOU/ECT@ECT
Subject: Oct 20 conversation with Bob Lampo of Salerno

Sara, here's the transcript of a conversation with Bob whereby I mistakenly
inform him that he needs to post a $240k LC and he doesn't object.  Please
comment on how useful this will be to our efforts to enforce the deal.  Also,
as mentioned previously, I called Bob a week ago, left him a message and
haven't heard any response.  Should I try again?????  What are our next
steps?   (I'm pulling more tapes to try to find the conversation or message
in which I tell Bob that he's actually got $250k of credit).

Thanks,
Alan


Pam

Thanks

Yes, please, send me the E-mail addresses.

Vince

Pamela Vande Krol Castro <castro@rice.edu> on 01/26/2001 10:40:17 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: MGMT 656

Here are your latest rosters. Let me know if you would like the spreadsheet
with their e-mail addresses as well! - Pam (6223)
 - 656.doc


I certainly understand your anxiousness to get up to the dome for shrooms,
but I hope you can plan to be in Napa earlyish on Sunday for a little family
dinner.  I would really appreciate it.

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


---------------------- Forwarded by Maureen Smith/HOU/ECT on 05/11/2000 07:13
AM ---------------------------

"ANNE FILAS" <afilas@keyspanenergy.com> on 05/10/2000 12:04:34 PM
To: sjfuel@mindspring.com, supply@castlepower.com, bonafide-fuel-oil
<bonafide-fuel-oil@worldnet.att.net>, costese <costese@nmenergy.com>, energon
<energon@aol.com>, jbutkus <jbutkus@utilicorp.com>, nygas
<nygas@webspan.net>, scovino <scovino@ees.enron.com>, sjfuel
<sjfuel@aol.com>, "Angerman, Darren" <Darren_Angerman@transcanada.com>,
"Baker, Sharon" <Sharonbaker@williams.com>, "Baratz, Phil"
<pbaratz@totalnrg.com>, "Barnett, Tracey" <Tracey-Barnett@PerryGas.com>,
"Barth, Gerry" <GBBarth@NJNG.com>, "Bender, Cary" <cbender22@aol.com>,
"Blackowell, Duane" <Duane_Blackowell@vapower.com>, "Bosco, Chris"
<CSB@ptrcom.com>, "Botero, Claudia" <claudia.e.botero@usa.conoco.com>,
"Breslin, James" <james.breslin@pseg.com>, "Brown, Darryl"
<daryl.brown@williams.com>, "Burgess, James" <JBurgess@Noblegas.com>, "Campo,
Thomas" <tcampo@njne.com>, "Casas, Melanie" <mcasas@hess.com>, "Chin, Debbie"
<Dchin@allenergy.com>, "Clark, Tom" <tim.clark@et.pge.com>, "Colburn, Andrea"
<acolburn@ees.enron.com>, "Crowley, Jackie" <jcrowley@sempratrading.com>,
"Cruikshank, Ken" <cruikshankk@conedsolutions.com>, "Crupi, Terry"
<Tjcrupi@papl.com>, "Filgaras, Susan" <ceine@aol.com>, "Foard, Jean"
<JFoard@Coral-energy.com>, "Frey, Bryan" <Bryan.Frey@gen.pge.com>, "Frezza,
Christine" <CFrezza@NUI.com>, "Furtado, C" <cfurtado@beaconenergy.com>,
"Garner, Paul" <pegarner@duke-energy.com>, "Garofalow, Janet"
<jgarofalow@castlepower.com>, "Gennarini, Rob" <Rob.Gennarini@Conectiv.com>,
"Gilbert, Carolyn" <CKROG98@aol.com>, "Gizzilli, Mark"
<MarkG@Cook-Inlet.com>, "Gorden, Kim" <kmgorden@duke-energy.com>, "Holub,
Karen" <Kholub@PCEnergy.com>, "Horowitz, Saul" <saulh@econnergy.com>,
"Jacobini, Charles" <charles.jacobini@acnenergy.com>, "Jacomini, Tommy"
<TJacomini@sempratrading.com>, "Jessup, Mike" <Michael_Jessup@vapower.com>,
"Johnson, Criss" <Johns00@texaco.com>, "Kain, Terry"
<tkain@worldnet.att.net>, "Karlovic, Mario" <karlovicm@conedenergy.com>,
"Kozak, Anna" <gasmaster@worldnet.att.net>, "Levy, Robert"
<metroenergy@worldnet.att.net>, "Litner, Kristy" <KMLI@Dynegy.com>,
"Lombardi, Charles" <clombardi@advanix.net>, "Mansfield, Marci"
<marci.mansfield@pgees.com>, "Mazzei, Marino"
<bonafidefuel-oil@worldnet.att.net>, "McCartney, Bill" <Mccarwh@texaco.com>,
"Morris, Laurence" <lsmorris@metromediaenergy.com>, "Mueller, Dave"
<dmueller@sempratrading.com>, "Murray, Bruce" <bmurray@pwrteam.com>,
"Muscarello, Tony" <Tony.Muscarello@CESOURCE.com>, "Naeser, Martha"
<mnaeser@naenergy.com>, "Novsek-Bizik, Kim" <KNovsek@columbiaenergy.com>,
"Nunziato, Carl" <carl.nunziato@southernenergy.com>, "Otterstedt, Mark"
<MAOtters@utilicorp.com>, "Phillip, Terryl" <terryl.m.filip@usa.conoco.com>,
"Profitt, Scott" <sdpr@dynergy.com>, "Quartier, Sandy"
<quartiersm@nmenergy.com>, "Rangel, Sandy" <SandyRengel@engageenergy.com>,
"Ross, Lynn" <Lross@allenergy.com>, "Schiavi, Julia" <jschiavi@hess.com>,
"Silbert, David" <SILBER2D@KochiND.com>, "Smith, Maureen"
<maureen.smith@enron.com>, "Sweeney, Eileen" <NAU87@aol.com>, "Tennariello,
Vincent" <Vincent.tennariello@pseg.com>, "Toczyl, James" <JTOZZ@aol.com>,
"Updale, Jennifer" <jlupdale@metromediaenergy.com>, "Verona, Linda"
<lverona@hess.com>, "Wagner, Chad" <CJWA@Dynegy.com>, "Wood, Tracy"
<tracy.wood@pgees.com>
cc:
Subject: Capacity Release Offer

Attached is a Capacity Release Offer being made by Brooklyn Union of New
York (Formerly Brooklyn Union) and Brooklyn Union of Long Island
(formerly Long Island Lighting).

If you have any difficulty opening the attached file, or have any
questions, please call me
at (718) 403-2981.

ALL BIDS MUST BE FAXED TO (718) 643-6306
NO LATER THAN 12:00 P.M. EST. FRIDAY, MAY 12, 2000.

Thanks, Anne

 - Capacity Release.doc


This request has been pending your approval for  45 days.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000024686&Page=
Approval to review and act upon this request.

Request ID          : 000000000024686
Request Create Date : 3/21/01 8:04:40 AM
Requested For       : juan.padron@enron.com
Resource Name       : TradeWave RMAO
Resource Type       : Applications


Please accept my apologies for this worksheet's absence yesterday. It was
undergoing cosmetic improvements to more accurately represent the EES-EPMI
position. Note two new column headings as of 3/27 - "Transmission" and "Other
EnPower" deals. Also, a change has been made to the SP-15 volumes in the 3/2
sheet. This change was made per Daniel Kang at EES and Chris Foster at EPMI.
And as always, feel free to contact me with questions.

Thanks,
Kate Symes
Trading Support
503-464-7486


Does not include gas-fired cogens.  Agreement requires PUC approval.  I
believe that it's an all-in price, but I'll check.

Best,
Jeff

	Greg Wolfe/ENRON@enronXgate
	06/21/2001 09:28 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: RE: SCE Reaches Agreement With QFs

Jeff:

Does the term renewable refer to only wind/biomass? or does it include the
gas fired cogen's. The answer to this is extremely important? How soon can
you answer this question? What part of the contracts require CPUC approval
(the fixed price?) Is the fixed price the energy component only or does it
include the capacity payment?

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Wednesday, June 20, 2001 3:15 PM
To: Comnes, Alan; Schwarz, Angela; Aden, Beverly; Votaw, Bill; Barreda,
Brenda; Moffett, Carol; Corbin, Cathy; Foster, Chris H.; Liscano, Christina;
Sutter, Craig; Leff, Dan; Whitehead, Debora; Benevides, Dennis; Black, Don;
Dorothy Youngblood/HOU/ECT@ECT; Huth, Douglas; Sacks, Edward; Melvin, Eric;
Dupre, Erika; Hughes, Evan; Deltoro, Fran; Muench, Gayle; Dernehl, Ginger;
Savage, Gordon; Buchanan, Harold; Kingerski, Harry; Iris Waser/HOU/EES@EES;
Steffes, James; Lewis, James; Wright, James; Messina, Jeff; Blachman, Jeremy;
Hewitt, Jess; Hartsoe, Joe; Denne, Karen; Bass, Kathy; Dodgen, Kathy;
Gustafson, Ken; Hughes, Kevin; Lopez, Leasa; Botello, Leticia; Muller, Mark;
Suggs, Marsha; Sunde, Marty; Eggleston, Meredith; Etringer, Michael; Mann,
Michael; Cisneros, Michelle D.; mpalmer@enron.com; Bresnan, Neil; Hong, Neil;
Kaufman, Paul; Warren, Paula; Zdunkewicz, Richard; Leibert, Richard; Shapiro,
Richard; Hennessy, Rita; Roger Yang/SFO/EES@EES; Tijerina, Rosalinda; Sandra
McCubbin/NA/Enron@ENRON; Novosel, Sarah; Gahn, Scott; Stoness, Scott; Dick,
Sharon; skean@enron.com; Leslie, Tanya; Lair, Tasha; Ted Murphy/HOU/ECT@ECT;
Greenlee, Terri; Belden, Tim; Spruiell, Tony; Sharp, Vicki; Gorny, Vladimir;
Curry, Wanda; Bradford, William S.; Corbally, Kathryn; Whalan, Jubran; Riley,
Tony; Sanders, Richard B.; Williams, Robert C.; Wolfe, Greg; Wright, James;
VanUlden, Dirk; Walker, Steve; Rudolph, Jennifer; Wenzel, Martin; Douglas
Condon/SFO/EES@EES; wgang@enron.com; Scott Govenar; Hedy Govenar;
jklauber@llgm.com; Smith, Mike; Neslage, John; Guerrero, Janel; Eric
Letke/DUB/EES@EES; Sanders, Richard B.; gfergus@brobeck.com; Tribolet,
Michael; Frank, Robert; Sanders, Richard B.; gfergus@brobeck.com; Mara,
Susan; Holmes, Chris; Leboe, David
Subject: SCE Reaches Agreement With QFs

----- Forwarded by Jeff Dasovich/NA/Enron on 06/20/2001 05:14 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com> 06/19/2001 11:47 PM 	   To: "'Andy Brown
(E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
trusso@mcnallytemple.com, sadlersa@earthlink.net, mstultz@epsa.org,
rtemple@mcnallytemple.com, tracy.fairchild@edelman.com,
megan.beiser@edelman.com, deborah.fiorito@dynegy.com, lchurch@epsa.org, Katie
Kaplan <kaplan@iepa.com>, tcwillia@duke-energy.com, rwhyde@duke-energy.com,
tmcmorrow@manatt.com, Suzy.L.Rodriguez@dynegy.com, ppitts@wiredworld1.com,
mnobili@cal-lobby.com, sscsus@aol.com, kvellandi@pstrategies.com  cc:
Subject: SCE Reaches Agreement With QFs

SCE Reaches Agreement With Alternative Energy Generators

PR Newswire
06/19/01, 11:20p
(Copyright , 2001, PR Newswire)

ROSEMEAD, Calif., June 19 /PRNewswire/ -- Southern California Edison (SCE)
announced today that it has reached an agreement with most of its renewable
Qualifying Facilities (QF) power producers that addresses past payment issues
and future pricing considerations, and creates a mechanism for ending
numerous lawsuits.

"We believe this agreement will help bring stability to an important segment
of California's energy market," said SCE Chairman, President & CEO Stephen E.
Frank.

The plan was negotiated between the utility and key representatives of the QF
industry and facilitated by Governor Gray Davis' office. To date, SCE has
received signed agreements from QFs representing approximately 95% of its
renewable energy capacity and today executed those contracts. The company
hopes that the small number of remaining producers will also agree. Certain
elements of the agreements are subject to the approval of the California
Public Utilities Commission.

The plan calls for generators to provide power at a fixed price -- 5.37
cents/kWh -- over the next five years, eliminating some of the price
volatility that has plagued California's energy markets during the current
crisis. The plan stays all existing legal action, and assures that no new
legal action will be initiated unless the terms of the agreement are not met.

"The people of Edison are committed to pursuing the benefits of negotiated
practical solutions to California's energy crisis," said Frank. "The QF
agreement and the MOU, if approved, are critical steps toward resolving the
crisis. A bankruptcy, in contrast, would lead to years of delay and
uncertainty for our customers and raise serious questions about the business
climate in California."

An Edison International company, Southern California Edison is one of the
nation's largest electric utilities, serving a population of more than 11
million via 4.3 million customer accounts in a 50,000-square-mile service
area within central, coastal and Southern California.

SOURCE Southern California Edison

/CONTACT: Corporate Communications of Southern California Edison,
626-302-2255/


I don't know Sabrina Rank.  Please return this request to the person who
originated it so that the Manager section can be completed.  By including the
manager's name, that will help me to identify who this person is, what job
they perform and whether or not the request makes sense.  I have over 400
people in my group, so without more detail on these requests it is not worth
taking my time to approve these.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 08/10/2000 03:26 PM
---------------------------

From:  Information Risk Management/HOU/ECT

Subject: Your approval is requested

	Security Resource Request System
Application Approval
Please review and act upon this request. You have received this eMail because
you are listed as an approver on the original request.
			Instructions
For: 	Sabina Rank
Request	Original:
Application Name:	EOL - Risk Management
Request Type:	Grant
Role(s):	Application Product Data Manager
Comments:	copied request from ARSystem to SRRS System for approval		Review the request
in the Request section at left.
			For more information regarding who the request is for, do the following:
			Click on the name for PeopleFinder info
			See the Further Information section below
			In the Approval Section, select Approve or Reject, enter comments as
necessary and click [Submit].

	Further Information

Requestor:			Sabina Rank/NA/Enron
Manager:
Request Date:	08/09/2000 06:06:07 PM
RC #:	104503	WO #:
Company #:	0413	Priority:	Normal
General Comments:


----- Forwarded by Jeff Dasovich/NA/Enron on 02/22/2001 01:23 PM -----

	John Neslage@ENRON_DEVELOPMENT
	02/22/2001 10:37 AM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Aaron Klemm/Western Region/The Bentley Company@Exchange@EES@ENRON, Mike
D Smith@EES
		 Subject: Re: Regulatory update

We are in the process of distilling this list down to its essentials, and
when we are done, I will forward it along to the group.  So as not to hold
you up, I am attaching a comprehensive list of proposed legislation in both
the Assembly and the Senate in California, along with short summary of what
each piece of legislation purports to do.

Thanks-

John


Thanks for this portion of  information. I still need Your FAR Number for the transfer of $37,585.22 out of the work order.

Kimberly Watson
01/04/2001 11:11 AM
To:	Virginia Long/ET&S/Enron@ENRON
cc:	Martha Janousek/ET&S/Enron@ENRON

Subject:	Work Order JN8485

Virginia,

In effort to complete the close-out the original work order for Revenue Management, JN8485, please take the additional late charge of $12,600 from third party contract-Sheryl Kimes and move it from the JN8485 Work Order and charge it to Work Order c.000979 (RM Science).  As we discussed, this transfer needs to be effective for December 2000 business.

If you need anything else regarding this charge, please don't hesitate to call me.

Thanks,

Kim
X33098


Group,
When tiering adjustment bids, the CAISO system will not read more than 10 bids. Also, remember to have the tier monotically increasing.
Thanks,
Bill


Please add being able to set up multiple deals for the same
contract/meter/time period but with different rates.  Thanks, Mary

Michael Eiben
05/01/2000 10:17 AM
To: Pat Clynes/Corp/Enron@ENRON, Mary M Smith/HOU/ECT@ECT, Lisa
Csikos/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Lauri
A Allen/HOU/ECT@ECT
cc: Steve Venturatos/HOU/ECT@ECT
Subject: Unify/Sitara Enhancements

I am compiling a list of Unify enhancements related to Texas operations for
Brenda.  Please provide me your lists by end of day today.  I am looking for
enhancements that are specific to Texas.  If you have any questions, please
call me @ 36373.  The major ones that I have are: The Transport Contracting
Process, Processing Hourly Transactions, Enhancing the Shipper Imbalance
Worksheet, Multiple Service Classes on the same contract, Consolidated UA4
Tracking, and any enhancements occuring from Project Torque.

Thanks,  MVE
---------------------- Forwarded by Michael Eiben/HOU/ECT on 05/01/2000 09:21
AM ---------------------------

	Enron North America Corp.

	From:  Brenda F Herod                           04/25/2000 12:05 PM

To: Steve Venturatos/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT
cc:
Subject: Unify/Sitara Enhancements

Please schedule a meeting with me to review the Enhancements lising - the
prioritizations and status.   I am interested in understanding the listing of
enhancements, the benefits of the enhancements, what is required of both User
and IT resources to complete the enhancements, who the resources are and the
status of completion.  It should cover all systems - Sitara, Unify (MOPS,
Volume Management and Settlements) and POPS.  Please include anyone else
(Management Team, IT, etc.) who is necessary to ensure thorough explanations.


Anything from Knippa???  DF


Mr. Skilling,

I wanted to make you aware of the fact that I was leaving NewPower.
My last day at NewPower should be in the week to come.

Foremost, I wanted to thank you for the time you have given me while I was at Enron and NewPower.
This past year at NewPower has been a very intense and intellectually lucrative learning experience, which have brought me many skills.
My experience at both companies has been wonderful, fruitful and exciting.

I was glade to see that the NewPower/Enron Employee program faired well.

Best continuation, as President & CEO of Enron Corp and to your family.
Will look forward to the chance of meeting with you again.

Regards,
Wilson Kriegel

I have attach my resume, so you would see the opportunities and experience I have gained at Enron & NewPower.


Please comment on this "Draft" description to be used for the permit
application for the pipeline connecting the new storage well with the
compression facility.

The pipeline will connect the existing compressor station and a new well
being placed into natural gas storage service. The pipeline will be used to
transport natural gas to and from the new well. The pipe will be 24 inches in
diameter and approximately 2100 feet in length from the fence line of the
compressor station to the new well location.  The pipe will be either grade
X-60 or X-65 and have a maximum allowable operating pressure of 1875 pounds
per square inch. The pipeline will be constructed in accordance with Part
192, Title 49, CFR.The line will originate in the compressor station located
on company property, cross under La. State Highway 70, cross through an
exiting pipeline right of way in Coastal Corporation,s facility and back onto
company property and the storage well.


I'm only attending if I'm exempt from fouls this time.

Best,
Jeff

	Ginger Dernehl
	07/06/2001 03:39 PM

		 To: James D Steffes/NA/Enron@Enron, Lisa Yoho/NA/Enron@Enron, Sue
Nord/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Janine
Migden/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Aleck
Dadson/TOR/ECT@ECT, Paul Kaufman/Enron@EnronXGate, Jean Ryall/NA/Enron@ENRON,
Sergio Assad/SA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Jeff Dasovich/NA/Enron@Enron,
Christi L Nicolay/HOU/ECT@ECT
		 cc: Linda J Noske/HOU/ECT@ECT, Geriann Warner/NA/Enron@Enron, Carmen
Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lora Sullivan/Corp/Enron@ENRON,
Laurie Knight/NA/Enron@Enron, Kirsten Bellas/NA/Enron@Enron, Lisa
Assaf/TOR/ECT@ECT, Lysa Tracy/ENRON@enronXgate, Bevin.hunter@enron.com,
Gisele S Braz/SA/Enron@Enron, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joan Stransky/Corp/Enron@ENRON,
Joseph Alamo/NA/Enron@Enron
		 Subject: Mark Your Calendar!!!!!!!

Please mark your calendar's for the next "Budget/Priority" Meeting.  Rick has
chosen the following dates and location:

Dates:  Arrive evening of Wednesday, Nov. 7, 2001
  Meeting Thursday, Nov. 8, 2001 --- 8:00 AM - 1:00 PM
  Meeting Friday, Nov. 9, 2001--- 8:00 AM - 3:00 PM

Location: The Broadmoor
  One Lake Avenue
  Colorado Springs, CO 80906
  719-634-7711

Thanks and please call if you have any questions.

gngr
713-853-7751


Group,

When doing an import or an export from California there are a few important guidelines to remember.

IMPORT-This must be FIRM.  A firm import is required so that we provide the spinning reserves to California (we do this by buying firm energy for the import).  If the import is non-firm, California will charge us their price for spinning reserve margins.  This could easily be $400 per mw come this summer.

EXPORT-This must be NON-FIRM.  A non-firm export allows us to provide spinning reserves to our bilat trading partners (or to simply sell the energy without spinning reserves as "non-firm"), and NOT have to pay the California price for spinning reserve margins.  Conversely if we do a firm export, we would have to pay for California to supply spinning reserves.  And because California will sometime use actual purchased energy for spinning reserves, this could easily be $400 per mw this summer.
California has also proposed cutting firm exports this summer, so a "firm" export does not imply that the energy would actually be exported anymore than nonfirm.

IF you have other questions.  Please let me know.

Thanks,
Bill


Start Date: 10/6/01; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100624.txt

Error retrieving HourAhead price data - process continuing...


PLEASE LET US KNOW YOUR AVAILABILITY!

The Environmental Strategies Group will convene an "Emissions Strategy
Meeting" in mid-May to discuss global emissions issues -- such as climate
change and U.S. multipollutant legislation -- and explore some of the
potential business opportunities for Enron commercial groups.

The primary objectives of the session are to 1) provide you with the latest
information on emissions regulation, markets, and Enron's advocacy efforts
worldwide and 2) receive feedback on your commercial interests and input on
policy options so that we may develop the best business and policy strategies
for Enron in both the short and long term.  We invite you or a member of your
group to participate in this important strategic discussion.

Our target dates are May 16, 17 or 18 in Houston (likely time is 10 a.m. - 12
p.m.).  Please respond immediately with your best available dates so we can
finalize our arrangements.

Please review the attached invitation and preliminary agenda.  If you have
any questions or suggestions in advance of the meeting, do not hesitate to
contact me of Jeff Keeler.

We look forward to your participation.

Lisa Jacobson
Enron
Manager, Environmental Strategies
1775 Eye Street, NW
Suite 800
Washington, DC 20006

Phone: +(202) 466-9176
Fax: +(202) 331-4717


SD 750 case


Steve Hall.

 -----Original Message-----
From: 	St. Clair, Carol
Sent:	Monday, November 12, 2001 10:25 AM
To:	Ngo, Tracy
Cc:	Murphy, Harlan; Hall, Steve C. (Legal); Sager, Elizabeth
Subject:	SRP

Tracy:
Could you please e-mail to the group the 11/8 letter that you sent to Mark Russell at SRP.  We received a letter on 11/9 stating that they disagreed with our assertion that SRTP's request for additional collateral is subject to the disputes resolution section of the Agreement.  Who is handling this on the legal side?

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


I've attached the EES March Dailies spreadsheet. It should reflect the latest
volumes and hopefully will clear up some of the discrepancies we're seeing
between EES and EPMI. Also, I've autoscheduled the following deals in an
attempt to feed them through to the CARP report. Please let me know if you
see the changes come through, Mark.

The autoscheduled deals are:

533090 - 3/1/01-3/31/01
535419 - 3/2/01
535420 - 3/2/01
566081 - 3/1/01-3/31/01
550208 - 3/15/01

The last deal I'm checking on is #535568 - in your spreadsheet you said EES
saw the on peak hours totalling 1070.75 MWH and believed the on peak hours
should actually total 1016.75 MWH. Below are the volumes I see both in the
EnPower deal and in the March Dailies spreadsheet.

+____________
=         1016.75

Maybe we need to autoschedule this one as well? Please let me know how the
CARP report looks now, and call me with questions. Hopefully this wraps it up
for March!

Thanks,
Kate
503-464-7486


too much beer retention on my six pack.  but my calves and thighs are so
sculpted.  works of art.


Message from Steve Kean:

We understand that the Governor's advisors are not prepared to discuss credit
issues at this time.  The conference call scheduled for Friday, May 18th has
been cancelled.

Please let me know when you are ready for us to set up the call.

Thank you.


Melba is still reviewing the 65,000.


Mark Walker,

I have not heard anything from Germany.  Please respond to Ilan with the
update.  Also, please be sure to include the definitions including the paper
you wrote which identifies the contractual availability definitions.

Thanks,
Hollis
---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 04/15/2002
04:34 PM ---------------------------
From: Ilan Caplan on 04/15/2002 02:38 PM
To: Hollis Kimbrough/EWC/Enron@ENRON, Mark V Walker/EWC/Enron@ENRON, Mark
Fisher/EWC/Enron@Enron
cc:

Subject: Re: 1.5 Fleet Availability

Gentlemen -

Good afternoon.  I hope this email finds you well.  Just wanted to see where
we stood with following information:

1) Data from Germany
2) the contractual availability (soft-copy)
3) the machine availability (soft-copy)
4) the new availability number (2002) with the new definition of contractual
availability

Thanks,
Ilan

---------------------- Forwarded by Ilan Caplan/EWC/Enron on 04/15/2002 02:42
PM ---------------------------

Hollis Kimbrough
04/12/2002 11:49 AM
To: Ilan Caplan/EWC/Enron@Enron
cc: Mark Fisher/EWC/Enron@Enron, Mark V Walker/EWC/Enron@ENRON, Alan
Nueman/EWC/Enron@ENRON

Subject: Re: 1.5 Fleet Availability

Ilan,

Mark Walker will send a request to Germany for their availability data.  Mark
will also provide the definitions of Machine availability.  The contractual
availability is what was included in the memo I handed you when you were in
my office on Wednesday.  If you need an electronic copy of that  document
Mark can send it to you.

With respect to making us responsible (as the coordinator) for obtaining the
Germany availability data:  We have no leverage over our European
counterparts and cannot compel them to provide this data on a 1 day notice.
I want to avoid setting expectations that are clearly beyond our control.  We
will, however, give it a shot.

I did notice the European data stops in Sep 01 so we need 6 months to fill in
all the gaps.  Has Becky been unable to obtain any more recent data or is
this the most current info you have?

Thanks,
Hollis


Meet me downstairs.

Robin