Fyi -More articles on the Senate Pipeline Safety  Hearing held in Bellingham
Washington
---------------------- Forwarded by Michael Terraso/OTS/Enron on 03/14/2000
07:30 AM ---------------------------

"Terry D. Boss" <tboss@INGAA.org> on 03/14/2000 10:01:29 AM
To: "Dave Johnson (E-mail)" <David.L.Johnson@enron.com>, "Mike Terraso
(E-mail)" <mterras@enron.com>
cc:

Subject: Articles on Yesterday's hearings from Seattle Papers

State wins OK to inspect pipelines

by Brier Dudley
Seattle Times  staff reporter

[IMAGE]

BELLINGHAM - Federal regulators yesterday agreed to allow Washington state
to  inspect all interstate pipelines within its borders, as requested by Gov.
Gary  Locke and the state Legislature.

"We've got it - we've just got to work out the fine details," Locke said.

State officials think they'll do a better job inspecting the 2,500 miles of
pipelines in the state than the federal Office of Pipeline Safety (OPS), an
agency that's been harshly criticized since Olympic Pipe Line's June 10
explosion in Bellingham that killed three people.

Other states have tried unsuccessfully to take control of pipeline
inspections from the OPS, which has only 13 inspectors for the West Coast,
but  only four states now have that authority.

Still unresolved, however, is whether the state will be allowed to impose
safety standards stricter than federal standards.

The state's authority could also be short-lived if the OPS and the oil
industry persuade Congress later this year to reduce states' role in
pipeline  oversight.

Mixed messages about the safety office's position were delivered yesterday
at  a special Senate field hearing on pipeline-safety concerns.

Locke announced that the state was given testing authority, based on a faxed
letter he received just hours earlier from the top administrator for
pipeline  safety.

The fax said the state could take over inspections on condition that only
one  state agency were responsible. A state law approved last week would have
divided  the task between two.

But later in the hearing, OPS' deputy administrator, Richard Felder,
acknowledged under questioning that he would prefer that inspection
authority  remain with his office.

To sidestep that debate, U.S. Sen. Slade Gorton, R-Wash., proposed amending
the federal law that gives the OPS authority over pipelines that cross state
lines.

Because Olympic Pipe Line is almost entirely in Washington - its 400-mile
system parallels Interstate 5 and ends in Portland - Gorton suggested that
states be allowed to regulate pipelines that are over 90 percent within
their  borders.

Olympic, a Renton-based subsidiary of Shell, Texaco, Arco and oil shipper
GATX, testified that it would prefer federal oversight.

"Having a unified set of regulations is important for a smooth operation,"
said manager Carl Gast.

Gorton and U.S. Sen. Patty Murray, D-Wash., hosts of the hearing, both want
the state to have more authority over interstate pipelines.

They're backing legislation that would give states authority and funding to
inspect pipelines themselves and require better collection and sharing of
data  about pipelines' condition.

They also want the stricter standards on pipeline testing, monitoring and
operations.

Murray, whose twin sister teaches at a Bellingham school near the explosion
site, noted that pipelines have spilled 5,700 times and killed 325 people in
the  U.S. since 1986. She also said they leak 6 million gallons of hazardous
material  a year, or the equivalent of the Exxon Valdez spill every two
years.

During the hearing at Bellingham City Hall, the senators also heard
emotional  pleas for stricter regulations from victims' parents. Two
10-year-old boys and  an 18-year-old fisherman died after Olympic spilled
277,000 gallons of gasoline  into a city park.

"There needs to be a zero-spill policy, not `we only kill two or three kids
a  year,' " said Frank King, whose 10-year-old, Wade, died in the explosion.

Katherine Dalen, mother of 10-year-old victim Stephen Tsorvias, said the
accident made people realize their neighborhoods may not be safe because of
the  poorly regulated underground pipelines. Also testifying were city
officials from  Renton, SeaTac and Bellevue. Like Bellingham, those cities
are trying to get  Olympic to provide more information and testing to assure
residents that the  pipeline is safe.

Olympic's Gast noted that the company will use two devices to internally
inspect its entire pipeline later this year.

The cause of the accident is still being investigated by the National
Transportation Safety Board, which has been hampered by Olympic employees'
refusal to testify and by a federal criminal investigation into the
accident.

Copyright , 2000 The  Seattle Times Company

Pipeline blast still evokes anger

Grieving parents urge senators to pass  tough safety bill

Tuesday, March 14, 2000

By SCOTT SUNDE Mail Author
SEATTLE POST-INTELLIGENCER REPORTER

BELLINGHAM -- Nine months have passed since Bruce Brabec's stepson died in a
horrific pipeline accident here. But the memories haven't faded.

Photo	?
Mary King weeps as her husband,  Frank, testifies yesterday at a Senate field
hearing in Bellingham on  pipeline safety. Their son, Wade, died in the June
pipeline explosion.
Dan DeLong/P-I 	?
The smell of gasoline when Brabec  fills the family car reminds him of the
fumes that killed Liam Wood, who was 18  and out for a day of flyfishing on
June 10.

The sound of the newspaper hitting the front porch every morning reminds
Brabec of when police arrived to tell him and his wife that Liam had been
overcome by fumes from leaking gasoline and drowned.

"Imagine going home tonight, and your child isn't home -- and never will
be,"  Brabec told U.S. Sens. Slade Gorton and Patty Murray during a Senate
field  hearing on pipeline safety yesterday.

?
	Getting involved

	The public may mail written comments on improving pipeline safety to  the
Senate Commerce Committee, 508 Dirksen Senate Office Building,  Washington,
D.C. 20510.

Anger and anguish mixed freely at the hearing, which Gorton, a Republican,
hopes will bolster efforts to win approval for a tough pipeline safety bill
introduced by Democrat Murray.

The hearing in Bellingham's Depression-era City Hall attracted an overflow
crowd. Townsfolk were forced to huddle around television sets and watch the
proceedings in the lobby. Their frequent applause at the angry words drifted
up  the stairs and into the crowded hearing room.

State and local officials blasted the federal Office of Pipeline Safety as
ineffective. It regulates interstate pipelines such as the one owned by
Olympic  Pipe Line Co. that ruptured and caught fire in Bellingham last
June.

There was anger, too, at Olympic. Officials from cities through which the
pipeline runs said the company had resisted supplying them with data from
pipe  inspections, then agreed by providing "X's and O's" that no one could
understand.

"We have no confidence," said Connie Marshall, Bellevue's deputy mayor,
"that  the Olympic pipeline is safely maintained and operated within our
city."

The company, however, pledged a safer pipeline, pointing to a plan
instituted  in October to add valves, test pressure, strengthen computer
processing and make  sophisticated internal inspections. The company is
trying to improve any system  that may have been at fault in the June 10
accident, said Carl Gast, Olympic  vice president and manager.

"We are not waiting until after the investigation (by the National
Transportation Safety Board) is complete to take action," Gast said.

Gast, who has worked in the pipeline industry for 31 years, called the
company's safety plan "the most far-reaching with which I've ever been
involved."

Olympic runs a 400-mile system that takes petroleum products from refineries
north of Bellingham and at Anacortes to Portland. The system runs near the
Interstate 5 corridor, including through the suburbs east of Lake
Washington.

The victims:

Wade King:  The 10-year-old burned to death while playing in Whatcom Creek
when it  erupted in a fireball June 10.

Stephen Tsorvias: Also, 10, he was playing with Wade when  gasoline ignited
after spilling from a ruptured Olympic Pipe Line fuel  line.

Liam Wood: The 18-year-old was flyfishing on the creek when he  was overcome
by leaking gasoline fumes and drowned.

The anguish at the hearing came from the parents of Wood and parents of two
10-year-old boys -- Wade King and Stephen Tsorvias -- who burned to death as
277,000 gallons of spilled gasoline ignited and a fireball roared down
Whatcom  Creek.

At times, "sadness tears our hearts apart and drowns our spirits," said
Katherine Dalen, Stephen's mother.

Marlene Robinson, Liam's mother, said softly: "I no longer have children to
protect."

They, too, were angry at Olympic and at the Office of Pipeline Safety.

The boys' families have filed wrongful-death lawsuits against Olympic. Frank
King, Wade's father, made it clear yesterday whom he blames for the tragedy.

"The company is an outrage. It needs to be shut down," King said. "Olympic's
gross, wanton recklessness killed my little man."

King said he has evidence that Olympic had a chance in July 1997 to dig up
the pipe where it would later rupture to check for possible problems, but
decided not to because the excavation would be too difficult. Bellingham has
a  water plant near the site of the rupture and numerous water pipes are
above the  pipeline.

In an interview, King produced an Olympic document gathered for his lawsuit
that he said indicated that the company decided not to dig up the pipe. In
1996  and 1997, Olympic did an internal inspection of its pipeline.

Possible defects were identified in the inspections near where the pipe
would  later rupture. But Olympic has said the possible defects did not seem
serious  enough to dig up the pipeline near the water plant.

Olympic Pipe Line spokeswoman Maggie Brown said King's testimony marked the
first time she had ever heard the claim that the company was prepared to dig
up  that section of pipe in 1997 but decided not to.

King's wife, Mary, erupted in frustration that the accident was allowed to
happen.

"If this is properly maintained, regulated, whatever, it won't happen
again,"  she said tearfully. "Anything is going to be better than what went
on in the  past, which was nothing."

In fact, pipeline regulation may be changing.

The Washington Legislature passed a bill this year that sets up a state
pipeline safety program and asks the federal government for the power to
police  interstate lines like Olympic's.

Gov. Gary Locke told Gorton and Murray yesterday that the federal government
may be willing to give the state the authority to inspect interstate
pipelines.  Four states currently have that authority, but the federal
government still  retains the right to punish pipeline companies over
problems found in  inspections.

A top official of the U.S. Transportation Department told Locke in a letter
yesterday that the federal government may give Washington inspection
authority.

Locke, however, also wants the state to have the authority to regulate
pipelines and to use tougher standards than the federal rules to do so.

Murray's bill would give the states more authority.

Richard Felder, head of the Office of Pipeline Safety, admitted that his
regulators have had problems. "We worked to restore public confidence,"
Felder  said, "but clearly we have a long way to go."

Felder said the office's proposed budget would provide it with more money
for  regulation. He also said his office will propose a new regulation by the
end of  the month to require companies to test the safety of their
pipelines.

Gorton and Murray, however, seemed unconvinced that federal regulators will
get tough. So was Bob Chipkovitch, who runs the pipeline program at the
National  Transportation Safety Board. The NTSB, which has no regulatory
authority, has  repeatedly recommended tougher rules, only to see nothing
happen in the Office  of Pipeline Safety, he said.

For example, 12 years after the NTSB recommended that regulators require
periodic inspections, no such rule has been adopted.

"I hope Bellingham has made a difference," Chipkovitch said. "No, we haven't
seen a change yet (by regulators). But I hope this accident does provide the
impetus to do that."

The NTSB has yet to determine the cause of the June 10 accident. But
Chipkovitch said the investigation so far has shown "significant performance
failures" by pipeline controllers.

He noted that the pipeline rupture began at 3:30 p.m. June 10 after a pump
failure near Woodinville, computer problems at the company's Renton
headquarters  and a valve closed near Anacortes. But 45 minutes later,
refineries north of  Bellingham resumed putting gasoline in the line.

Controllers only started shutting down the pipeline for good at 4:30.

At the point where the pipeline ruptured, there may be evidence of external
damage, Chipkovitch said. Olympic contends that construction at the water
plant  in 1994 damaged the pipe.

But investigators have yet to fully test the damaged pipe. A federal
criminal  investigation into the accident has kept them from doing so. At the
same time,  several Olympic officials have refused to talk to the NTSB,
fearing they would  incriminate themselves.

Chipkovitch said the investigation also focuses on the valve near Anacortes
that closed June 10, increasing pressure in the pipe upstream. The valve
closed  50 times in the six months before the Bellingham accident, he said.

Pipeline accidents

Some of the country's largest pipeline accidents in recent years:

June 10, 1999: The Olympic Pipe Line Co.'s pipeline in Bellingham  ruptured
and 277,000 gallons of jet fuel spilled into Whatcom Creek, then  ignited
(above), killing two 10-year-old boys and an 18-year-old  fisherman. It was
the 43rd reported spill on the line since it was opened  in 1965.

November 1996: Propane from a leaking gas-service pipe exploded in  downtown
San Juan, Puerto Rico, killing 33 people and injuring 69 others.

August 1996: A pipeline carrying liquid butane ruptured in Lively,  Texas,
sending a butane vapor cloud into a residential area. Two residents  tried to
escape, but their vehicle's ignition started a fire that killed  them.

June 1996: A fuel oil line ruptured near Fork Shoals, S.C., spilling  958,000
gallons into the Reedy River.

May 1996: A gasoline pipeline near Gramercy, La., ruptured and spilled
475,000 gallons of fuel into wetlands and a river.

February 1994: A natural-gas pipeline exploded in Edison, N.J.,  destroying
three apartment buildings and leaving 1,500 people homeless.

August 1989: Soil tests result in the discovery of a decades-long spill  in
an Avila Beach, Calif., pipeline which Union Oil Co. had used for  almost 90
years. The entire commercial center of the town was razed in the  cleanup
effort, which is continuing (left). Another pipeline nearby was  found to
have leaked more than 9 million gallons of crude oil over a  50-year period.
Unocal has agreed to pay more than $48 million in cleanup  costs.

May 1989: A gasoline pipeline ruptured in San Bernardino, Calif.,  killing
two people and destroying 11 homes.

December 1980: A corroded line carrying naphtha ruptured in Long Beach,
Calif. The flammable substance sprayed 20 feet into the air, then ignited,
injuring 5 and destroying or damaging 12 homes.

?

P-I reporter Scott Sunde can be reached at 206-448-8331 or
scottsunde@seattle-pi.com

Confidential: INGAA Member Use  only

Terry D. Boss
VP Environment Safety and Operations
INGAA
tboss@ingaa.org
?


As a follow-up to the IEP  Restructuring/Transmission Task Force meeting on
Friday, November 3 to discuss  the IEP response to the FERC filings, note the
following schedule:
?
?
Thursday???  ??? Nov. 9??? ???  ??? IEP/Andy Brown will circulate a revised
outline  incorporating the FERC California Report?and?Workshop Comments.?  If
you have not already done so, please forward to Andy Brown any additional
comments.
?
Thursday???  ??? Nov. 16??? ???  ??? IEP/Andy Brown will circulate for reivew
the first  draft of IEP's Response to FERC
?
Monday??????????Nov  20??????????????IEP  convenes conference call at 10:00
a.m. to discuss draft IEP  Response, take comments, etc.
?
??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? CAll-In
Number????  ??? ???  877/322-9648
??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? Participant
Code???  ??? ??? 111756
?
Tuesday???  ??? Nov. 21??? ???  ??? ??? IEP finalizes document; transmits  to
east coast for filing on Wednesday, Nov. 22.


I like this better than Dan's original.

	Enron Capital & Trade Resources Corp.

	From:  "Richard Josephson" <rcjosephson@stoel.com>
03/13/2001 08:32 AM

To: nolan.steiner@avistacorp.com, dvermillion@avistaenergy.com,
asettanni@bracepatt.com, dwatkiss@bracepatt.com, kcurry@bracepatt.com,
rcarroll@bracepatt.com, gfergus@brobeck.com, andrzej_kabarowski@cargill.com,
phillip_fantle@cargill.com, psteel@coral-energy.com,
psteele@coral-energy.com, rreilley@coral-energy.com,
elizabeth.sager@enron.com, mary.hain@enron.com, richard.b.sanders@enron.com,
smara@enron.com, snovose@enron.com, sstack@enron.com,
jfrizzell@gibbs-bruns.com, sbishop@gibbs-bruns.com, GErspamer@mofo.com,
KIrvin@mofo.com, KZeitlin@mofo.com, RLoeffler@mofo.com,
jmcgrane@morganlewis.com, mgriffen@morganlewis.com, bcurrey@omm.com,
jstamper@omm.com, mawilliams@omm.com, john.fryer@PacifiCorp.com,
nancy.loftin@pinnaclewest.com, Timothy.Bolden@pinnaclewest.com,
dmperlman@powersrc.com, rosteen@powersrc.com, hao@quinnemanuel.com,
dgarber@sempra.com, wdsmith@sempra.com, rbeitler@sempratrading.com,
PARAMFJORD@stoel.com, SJKAPLAN@stoel.com, mbrosterman@stroock.com,
mgoldstein@stroock.com, pjazayeri@stroock.com, theftler@stroock.com,
ayudkowsky@strook.com, CFR@vnf.com, GDB@vnf.com, HES@vnf.com, JRR@vnf.com
cc:
Subject: Re: Bankruptcy Notification to FERC

The attached has a suggested addition, assuming it is consistent with Dan's
conversations with Joe Eisenberg.  Either way the letter is acceptable to
PacifiCorp.

>>> "Andrea Settanni" <asettanni@bracepatt.com> 03/13 7:49 AM >>>
Attached is the letter that we intend to file at FERC today regarding the
bankruptcy petition.  Please let us know by noon today if you have any
comments.

 - bankruptcy.doc


Start Date: 4/19/01; HourAhead hour: 17;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041917.txt


Marilyn Rogers
327 Staples Street
Farmingdale, NY 11735
marilynr@northv.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Marilyn Rogers


You are right-- Glen and Tony confirmed.  Thanks .  DF

Vernon Mercaldo
10/30/2000 08:32 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: Contract Request Approval For Request: 38927 Route: 1

I do not believe so.

	From:  Drew Fossum                           10/30/2000 07:56 AM

To: Mary Kay Miller/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON
cc: Vernon Mercaldo/ET&S/Enron@ENRON

Subject: Contract Request Approval For Request: 38927 Route: 1

I've approved, but is this a neg. rate deal that has to be filed?  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 10/30/2000
07:53 AM ---------------------------

CMS Mail
10/26/2000 02:14 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Contract Request Approval For Request: 38927 Route: 1

                                    COMMENTS

Route: 1
Craig Buehler - (Approved) CAPACITY RELEASE COMPETITION.  ROUTING DUE TO
NON-STANDARD LANGUAGE IN PARAGRAPH NO.1 OF THE AMENDMENT.  DISCOUNT IS SPLIT
INTO TWO TERMS: NOV-MAR AND APR-OCT.  THE DEMAND & MDQ CHANGE BETWEEN TERMS.
 THE LAST 2,000/D OF THE MDQ IS VOLUMETRIC DURING BOTH TERMS.  DEAL PER
VERNON
MERCALDO.

CWB

FOR THROUGHPUT                                           Market
Services
                                                         DATE:  Oct 26,
2000
                                                         CR# 107127 RQST#
38927
                        CONTRACT APPROVAL
FORM

NATURE OF CONTRACT:
TFX

PARTIES:     Northern Natural Gas
Company
             APACHE
CORPORATION

SUMMARY OF PRINCIPAL
POINTS:

The contract contains Non-Standard Language.

Reason for Discount: New agreement (1 year).  Non-standard language for
the
Demand rate.  Deal per Vernon Mercaldo.

CWB

Total Discount:
$2,787,368.00
Discount Amendment
Attached

Account Manager: VERNON MERCALDO, (713)
853-7221

Approval is required of the departments marked with an asterisk
(*).
Contact the account manager for additional information.  Please send
approval
or comments to EB4135R, Phone:713-853-6182,  Fax: 713-646-8260
ASAP.

  *Marketing, Account Manager: _______________________________   DATE:
_________

  *Marketing, Regional V.P.:   _______________________________   DATE:
_________

  *Law, General Counsel:       _______________________________   DATE:
_________

  *Regulatory Affairs, V.P.:   _______________________________   DATE:
_________

  *Marketing, V.P.:            _______________________________   DATE:
_________

  *President:                  _______________________________   DATE:
_________

________________________________________________________________________

   * Required Signatures


Can you and +iane please join me Sharon and Kriste at 2 for a status meeting?  Go tob 16.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


FYI.  Apologies for the oversight of not including you on the list.  If you
have any questions, etc. just give a holler (415.782.7822).

Best,
Jeff

From: Jeff Dasovich on 05/18/2001 12:24 PM
Sent by: Jeff Dasovich
To: Stephanie Miller/Enron@EnronXGate, Barry Tycholiz/Enron@EnronXGate, Chris
H Foster/Enron@EnronXGate, Jeffery Fawcett/Enron@EnronXGate, Steven
Harris/ET&S/Enron@ENRON, Leslie Lawner/NA/Enron@Enron, Rebecca W
Cantrell/HOU/ECT@ECT, skean@enron.com, Richard Shapiro/NA/Enron@Enron, James
D Steffes/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Shelley Corman/Enron@EnronXGate, Julie A
Gomez/Enron@EnronXGate, Laird Dyer/SF/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Samuel Wehn/HOU/ECT@ECT, Alan
Comnes/Enron@EnronXGate, Christopher F Calger/Enron@EnronXGate, Tim
Belden/Enron@EnronXGate, Robert Badeer/Enron@EnronXGate, Paul
Kaufman/Enron@EnronXGate
cc:

Subject: More Info: PG&E to Announce Open Season on Redwood and Baja Early
Next Week

PG&E will announce via press release very early next week an open season on
Redwood, Baja and Silverado.
It comes in direct response to recent announcements of expansions into
California by pipelines.
The bid protocols will be structured similar to original open season from the
original Gas Accord.
The open season will start on June 1 and end on July 31.
Capacity will be available starting 1.1.03.
Bidders will be able to bid up to 30 years (PG&E states that that's what
generators want).
Accompanying the announcement will be another announcement that PG&E will
expand Redwood by 200mmcf/day, which they hope to have available by 1.1.03,
or some time during Q103.
About 2-4 weeks after the open season begins, PG&E will file its proposed
"Gas Accord II,"  (the first one expires end of 02).
As part of that filing, PG&E will offer its proposed ratemaking treatment for
the next five years (beginning 1.1.03).
PG&E will not include in the open season 1) core capacity and 2) certain EAD
contracts that extend beyond the Gas Accord 1 end date.
In addition, PG&E will hold back an additional 20% (after excluding core and
EAD), to be "open-seasoned" at some "future" date.
The capacity to be auctioned is: 1) 900 mmcf/day on Redwood, 2) 245 (annual)
on Baja, plus an additional 200/day in summer on Baja, 3) 155 on Silverado.
How PG&E will market the 20% they intend to hold back, and when they might
auction it off in the future will be discussed in PG&E's Gas Accord II filing.
No single company will be awarded more than 30% of the capacity on any
specific path in the primary open season (though firms can bid whatever level
of capacity they choose).

Please forwad along to anyone else who might be interested.  If you have any
questions, just holler.

Best,
Jeff


New proposition!

Looks like fiedler has got to score over 32 tonight.....He's never done that before has he??

Lets say 70/30 split now (Me with the 70%),,,, no matter who wins,,, I believe this gets you an extra $100 or so... Not such a bad deal when you look at the odds!  Give me a shout and will discuss....

MC

713-853-6203

 -----Original Message-----
From: 	"DeWayne Grimes" <dgrimes@ibshouston.com>@ENRON
Sent:	Friday, December 07, 2001 8:09 AM
To:	Carson, Mike
Subject:	Proposition

Mike

It looks  like it could be very close............I'll go 50/50 with you right now for the  whole pot...no matter who wins!!

What do  you think.....let me know!

DeWayne


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GAY, RANDALL L                  ROBERT A SUPERTY                Nov 01, 2000
LUCCI, PAUL T                   MARK WHITT                      Nov 02, 2000
WOLFE, JASON                    DARRON C GIRON                  Nov 06, 2000


---------------------- Forwarded by Elsa Villarreal/HOU/ECT on 12/26/2000
02:26 PM ---------------------------

	From:  Nicole Vo @ ENRON                           12/08/2000 11:28 AM

To: Elsa Villarreal/HOU/ECT@ECT
cc:
Subject: MGI Supply
Humble Gas Pipeline
S#446339, 449505, 411836, 472615, 463236, 448454

Elsa,

I was informed to bill anything on HGPL by my supervisor, but when I talk to
Priscilla Hamic she informed me that HGPL should be billed by offsystem and
not the Texas desk.  The deals in Sitara that relate to HGPL all state that
it is Texas desk.

Please let me know who should be billing MGI Supply for HGPL volume.

Thanks for your help.
Nicole Vo


Here's the confirm
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/12/2000
01:56 PM ---------------------------

	From:  Larry Joe Hunter                           01/12/2000 08:40 AM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: CMS - Draft

Sara,

Enclosed is the Draft for CMS.  I used the Floating Price from the Term Sheet
sent by Julian.  Let me know if we should include some of the language
previously used for this index (below).

Thanks,
Joe

The average of the daily MONOMIC Prices at the Ezeiza Market Node Center for
each day during the Calculation Period.

&MONOMIC Price8 means the sum of (A) the average hourly price, quoted in
Argentine Pesos, for each day as published electronically in the &Documento
de Transacciones Econ?micas8 (DTE) under the annex set forth in the
&Generadores8 file labeled &A1.7  Precios Del Mercado en $/MWH ) Mercado8 as
published by the &Compaia Administradora del Mercado Mayorista El,ctrico
Sociedad An?nima8 (&CAMMESA8) and (B), as applicable, either (i) 7.50
Argentine Pesos for those days that are Argentine Business Days or (ii) zero
for those days that are not Argentine Business Days.

The parties agree that the Floating Amounts payable under this Transaction
shall be made in US Dollars, and the rate of exchange of Argentine Pesos to
US Dollars shall be of one (1) Argentine Peso per US Dollar as set forth
under Law 23,928, as amended, while there is free convertibility of the
Argentine Peso and the rate of exchange therein set forth is of one (1)
Argentine Peso per US Dollar. Otherwise, the rate of exchange between
Argentine Pesos and US Dollars shall be calculated using the exchange rate,
sell, for transfers abroad established by Banco Naci?n Argentina at the
closing of the Business Day prior to that on which payment is effected.
Argentine Peso means the lawful currency of the Republic of Argentina.


Chris Foster has requested that we set up a new broker - the Automated Power
Exchange, in EnPower. It is the same counterparty we already have in EnPower,
with the same name and contact information. Melissa, I believe you said we
could pretty easily add the name in the broker list if it was the same as in
the counterparty list, which Chris has verified it is. Please let me know if
you need anymore information.

Thanks,
Kate


Innovative is a euphemism for something,  but I can't figure out the right
word.  What every means "Company Most Likely to Exhaust its Lawyers with
Impossible Structures and Processes"....

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/06/2001 03:55
PM ---------------------------

	From:  Ken Lay and Jeff Skilling                           02/06/2001 03:52 PM

Sent by: Ken Lay and Jeff Skilling
To: All Enron Worldwide
cc:

Subject: Most Innovative -- Six Years Straight

We've done it again, everyone.   Enron has been named the "Most Innovative
Company in America" for the sixth consecutive year by Fortune.  That's right
-- six years in a row.   We continue to be recognized by our industry peers
and other corporate executives and securities analysts as the company that
sets the standard for doing business in the new economy.  Congratulations to
all of you for making it happen.

Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year.  We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."

This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12.  For more information, go to www.fortune.com.


Below is the ISDA in electronic format as you requested.  This draft is
several years old and if you are putting a new one in place I would suggest
you start from the newest version of the form and just use this to use as a
blackline version.

	Ian Brungs@ENRON
	05/14/2001 01:31 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Justin Boyd/LON/ECT@ECT
		 Subject: ISDA with ALCOA

Hello Tana,

I have spoken with the lawyer from Alcoa and she is fine with us viewing the
ISDA in place. In fact we already have a copy but I need it in Electronic
format. If you could send an electronic copy it woud be greatly appreciated.

Thanks

Ian


Steve Menke said you would know the answer.

I purchased capacity from Steve last October.  The terms were as follows;
Release Date	11/1/2001 through 3/31/2002
Volume		18,000 dth
Contract	T0181230000
Offer		#200110000095

Steve said he thought they recalled this capacity.  Would you see if it was recalled and if it was, what was the effective date of the recall.

Thanks


I hate to sound like a jerk (but its the nature of my job, and perhaps my
personality, so I will).  Another day has passed and the Bank has yet to see
paper, and frankly we have yet to see the Bank's paper.  Frankly I am very
concerned about this getting done on time.  I know this can all be put in
place, but I think we need to make a concerted and coordinated effort to make
this our individual priorities between now and Friday.  I will be in a plane
until mid-afternoon tomorrow, but will be reachable after that by cell @
403-819-5528.

In my absence Greg Johnston has kindly agreed to help out.  Greg can be
reached @ 403-974-6745.

I want to set out below the various tasks and responsibilities as I see them,
and the outstanding issues as I understand them.  I think a distribution of
all drafts needs to be circulated by no later than mid-afternoon tomorrow,
with a view to review of drafts Tuesday, revising drafts Wednesday,
finalizing drafts and executing Thursday and funding Friday.

A.  SWAP #1 w/ Swapco (Bow River Trust):

*  Credit worksheet - Bill

*  ISDA Master, etc. - Tana/Sara

*  Transaction terms (gas prepay) - Brian/Soma/RBC

*  Confirm (gas prepay) - Sara

*  Blakes opinion re; ECC - Warren

*  Enron Corp. G'ee - Clement

*  J. Derrick opinion re: Enron Corp. - Clement

*  VE opinion re: Enron Corp. - ? (Clement)

*  Macleod Dixon opinion re: Swapco - Warren to follow-up

B.  SWAP #3 w/ RBC

*  Credit worksheet - Bill

*  ISDA Master, etc. - Tana/Sara

*  Transaction terms (gas swap) - Brian/Soma/RBC

*  Confirm (gas swap) - Sara

*  Transaction terms (interest rate swap) - Brian/Soma/RBC

*  Confirm (interest rate swap) - Sara

*  Blakes opinion re; ECC - Warren

*  Enron Corp. G'ee - Clement

*  J. Derrick opinion re: Enron Corp. - Clement

*  VE opinion re: Enron Corp. - ? (Clement)

*  Macleod Dixon opinion re: RBC - Warren to follow-up

C.  OTHER

*  Fee Letter - Macleod Dixon - Warren to follow-up

*  Indemnification re: Increased Costs - Macleod Dixon - Warren to follow-up

*  Promissory Note from ECPC to ECC - Greg

*  Resolution re: Promissory Note for ECC - Greg

*  Resolution re: Promissory Note for ECPC - Greg

D.  ISSUES

*  Generic cross-default to any ECC swap in ECC portfolio over specified
threshold amount - as discussed, I would consider this as unacceptable but
will defer to commercial.  The scope of the default would be overly broad,
the Bank is relying on Enron Corp. credit and will have a third party debt
x-default to Enron Corp. of US$100MM.  If agreed, this needs to be considered
for both Swap #1 and  #3

*   Cross-default to Enron Corp. Credit Agreement - as discussed, this should
be unnecessary if Credit Agreement reps/wars/covenants are in the Enron Corp.
G'ee, but this could be a solution to providing a short for Enron Corp. G'ee

*  Cross-default to Swapco Credit Agreement with BF Equity for illegality -
as discussed, since ECC is not a party to that transaction and would have no
standing to take any position to prevent acceleration, since ECC would
nonetheless be obligated on Swap #1, the Bank's only issue would be timing of
repayment, the risk is more theoretical than real for the Bank and given that
the loan is part of the Bank's own off-balance sheet structure, this should
not be acceptable.  If agreed, this needs to be considered for both Swap #1
and  #3

*  Syndication - the Bank will be entitled to syndicate up to 50% of the
amount funded under Swap #1 to Canadian Chartered Banks, but not more than
20% of the funded amount to Schedule II Canadian Chartered Banks.  Increased
cost of funding by Schedule II Banks will be accounted for under the interest
rate swap.  The issue will be to define the parameters of our participation
in syndication, to whom we have recourse under Swap #3 (and #1) and to
document the right to syndicate Swap #1 separately from the adjustment to the
interest rate swap.

Finally, we need some answers on my earlier e-mail, including as to wiring of
funds and amount required to be funded.

PK


I extended Sitara deal 143323 thru march.  This is a Boston Gas release to
CES SS-1 contract.  Should we release this to ENA?


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This email was sent to:  pkeavey@ect.enron.com


This memo provides a good summary of the bankruptcy legislation that we are
pushing as it relates to the definition of swap agreement and netting.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 04/16/2001 12:40 PM -----

	Chris Long@ENRON
	04/12/2001 11:57 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

----- Forwarded by Chris Long/Corp/Enron on 04/12/2001 12:56 PM -----

	Ruth Ainslie <RAinslie@isda.org>
	04/12/2001 12:47 PM

		 To: US REGULATORY COMMITTEE <USREGCOMM@isda.org>
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

Fax: +44 (20) 7330 9999
General Email: Helpdesk@allenovery.com
www: http://www.allenovery.com

Here is Dan Cunningham's memo on the above.

 - Memorandum for ISDA U.S.Netting Legislation.DOC


Hope each of you had a Merry Christmas and enjoyed your time off........

Here is response from Joe at Calpine. In addition to his memo, we also need
to verify intra-day nomination procedures with PGT in the event of force
majeure type interruptions at points other than Malin. Since we cannot give
force majeure protection at Alternate Points of Delivery, they need to
understand scheduling flexibility in the event a nomination needs to be
redirected to Malin.

Joe also asked for more information on the "renewal" process on ANG and
NOVA. Peter/Eric: we will need your assistance. Does any information
pertaining to this reside in their tariffs?

Please look at this first thing in the am. We are going for signatures on
Wednesday!

Regards

----- Original Message -----
From: Joe Gorberg <joego@calpine.com>
To: <Stephanie.Miller@enron.com>; <hsmiller@msn.com>;
<Julie.A.Gomez@enron.com>; Brad Barnds <BradB@calpine.com>; Janet Dixon
<jdixon@calpine.com>; Gary Eames <geames@calpine.com>
Sent: Tuesday, December 26, 2000 4:14 PM
Subject: RE: Calpine Docs.

> Stephanie, per our conversation our legal group is reviewing the docs.
>
> After making a first pass, I have the following comments:
> 1. Typos/spelling errors in the supply and capacity release docs.
> 2. Calpine would like a copy of the Enron Transporation agreement(s) with
> PGT as it pertains to the supply agreement.
> 3. Capacity Release agreement(CRA) s/b with Calpine Energy Services, L.P.
> (CES) and not Calpine Corporation.
> 4. Article 4 of CRA should allow for Calpine to have the right to take
early
> assignment of capacity if the entire path of NOVA or entire path of ANG or
> entire path of PGT becomes available.
> 5. Article 8 of CRA should allow for assignment using commercially
> reasonable standards.
>
> Joe.
>
> -----Original Message-----
> From: Stephanie.Miller@enron.com [mailto:Stephanie.Miller@enron.com]
> Sent: Friday, December 22, 2000 2:20 PM
> To: joego@calpine.com; bradb@calpine.com; jdixon@calpine.com
> Cc: Julie.A.Gomez@enron.com
> Subject: Calpine Docs.
>
>
>
> ---------------------- Forwarded by Stephanie Miller/Corp/Enron on
> 12/22/2000 04:10 PM ---------------------------
>
>
> Gerald Nemec@ECT
> 12/22/2000 04:13 PM
>
> To:   Stephanie Miller/Corp/Enron@ENRON
> cc:
>
> Subject:  Calpine Docs.
>
> Attached are the assignment agreement, the Enfolio, and the Confirm.
>
> (See attached file: CalpineAssignRelease1.doc)(See attached file: Calpine
> Confirm1.doc)(See attached file: CALPINE CORPORATION.doc)
>
>


---------------------- Forwarded by David W Delainey/HOU/ECT on 06/15/2000
09:14 AM ---------------------------

"perfmgmt@enron.com"<perfmgmt on 06/14/2000 12:04:30 AM
To: ddelain2@enron.com
cc:
Subject: Reviewer Approval

Please note that your employees have suggested the following people to
complete a feedback form on their behalf.  You will need to access the
Performance Management System (PEP) to either approve or decline these
suggested reviewers.  Once you have approved the suggested reviewers they
will be notified and can begin completing the feedback form.

Your list of employees that have suggested reviewers are listed below:

Date suggested: Jun 12, 2000
Feedback Due Date: Jun 16, 2000

Employee Name: OVERDYKE, JERE C.

Date suggested: Jun 12, 2000
Feedback Due Date: Jun 16, 2000

Employee Name: PIPER, GREGORY F


_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

 - Duckjob.wav


FYI
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
28/02/2000 08:16 AM ---------------------------

Alexandre Bueno
25/02/2000 08:47 PM
To: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pablo
Acevedo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bernardo
Andrews/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diego
Hollweck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John J
Shoobridge/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gabriela
Aguilar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rodolfo
Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julian
Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cristian
Folgar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marta
Ortiz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luis
Juarros/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Canovas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Clipping 02/25/2000

BRAZIL: ENRON AGAINST THERMAL STATIONS PROGRAM
O Estado de S.Paulo, 25 Feb 2000, p. b-2:-
 There has been some conflicts between the Brazilian Ministry of Mining and
Energy and the US energy company Enron, which was against the Brazilian
thermal power stations program.

BRAZIL: EUR 175MN ORDER FOR ABB ALSTOM POWER
La Tribune, 25-26 Feb 2000, p.15:-
 The European energy group, ABB Alstom Power, is to receive a EUR 175mn share
as part of a group contract to provide the Brazilian hydraulic power station,
in Tucurui, with a 3,670 mW section. The site in Tucurui, managed by the
Brazilian energy company, Eletronorte, is the fourth hydraulic power station
in the world. ABB represents a consortium of energy groups in this contract,
representing a total order of EUR 325mn, with the groups, Odebrecht,
Inepar-Fem and GE Hydro Inepar. This 3,670 mW section will be added to an
existing 4,250 mW section.

BRAZIL: SUIT TO PAWN STATE'S SHARES OF CELESC
Gazeta Mercantil, 25 Feb 2000, p. a-14:-
 The specific purpose company Invesc, which was created to get funds for the
government of the Brazilian state of Santa Catarina in 1995, had issued R$
100mn debentures using shares of the Brazilian electricity company Celesc as
guarantee.
But Invesc paid interest of the debentures only in 1997 and so debentures
holders filed a lawsuit in March 1999 to be paid.
A legal decision was taken on February 22nd 2000 about the matter and then a
debt of approximately R$ 274mn must be paid to the debentures holders of
Invesc or 29.32% of the common shares of Celesc owned by the state will be
pawned (market value of the shares was equal to R$ 171.7mn on February 24th
2000).
If the shares are transferred to creditors, the state will still own 50.18%
of the common shares of Celesc and Previ (pension fund of employees of the
Brazilian bank BB - Banco do Brasil) will increase its participation in
Celesc from 12.54% to approximately 33%.

BRAZIL: ALCOHOL TENDER HELD ON FEBRUARY 24TH
Gazeta Mercantil, 25 Feb 2000, p. B-24:-
 The volume of 58.65mn of litres of alcohol was acquired in a tender held on
February 24th 2000 by the Brazilian government.
The total volume offered in this fifth tender was of 60mn of litres. The
average price paid for the product was of R$ 0.4089 per litre, decreasing by
0.3% compared to the last tender. The total revenue of the volume sold was of
R$ 24.098mn.
According to a source of the Ministry of Agriculture, a meeting will be held
in the last week of February in order to define if more alcohol tenders will
be held or not.

BRAZIL: FUEL DISTRIBUTION MARKET - PERFORMANCE
O Estado de S.Paulo, 24 Feb 2000, p. b-8:-
 According to a survey carried out by the Brazilian National Trade
Association of Fuel Distribution Companies (Sindicom), the largest fuel
distribution companies in Brazil, BR Distribuidora, Shell, Esso, Ipiranga and
Texaco, registered sales of 2.551mn m3 in January 2000, a fall by 22%
compared to the 3.276mn m3 sold in January 1999.
Meanwhile, sales registered by smaller companies grew by 34.1% in the same
comparison basis.
According to Luiz Antonio Viana, president of BR Distribuidora, this was due
to an unfair competition caused by these smaller companies, which have for
instance appealed to tax evasion.

BRAZIL: OIL ACCOUNT SURPLUS' GOAL STILL R$ 3.6BN
O Estado de S.Paulo, 25 Feb 2000, p. b-4:-
 The Brazilian government still has as goal to reach a surplus of R$ 3.6bn in
the Brazilian oil account (difference between imports costs and consumer
prices)  in 2000 even with the higher oil prices in the last weeks.
The chief of the Economic Advisory of the Ministry of Planning and Budget,
Jose Guilherme Reis, said that it is still possible to reach that goal and so
the government is not analysing alternatives.


Here is what it will look like, there is aproblem with the database because of the holiday and the month change,  I'll
keep you posted.  Hopefully it will be up and running in the morning.
Bryce


I would line up CA next.

Let me look over what Lee sent then I'll call (or you can call when you get
free).

How was the game?

Thanks,

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 12/11/2000 10:11:37 AM
To: <Kay.Mann@enron.com>
cc:

Subject: RE: GE Breakout Contract

I am going to be on a conference call for the next hour or so. Please
e-mail me or leave a voice mail mesage on how you want me to proceed
with the Enron South America Agreement and also what the next agreement
to be finalized should be.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, December 11, 2000 9:50 AM
To: Thompson, Peter J.
Subject: GE Breakout Contract

Re:  ESA.  Getting close.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000
08:49
AM ---------------------------

Brett R Wiggs
12/10/2000 06:32 PM

To:   Kay Mann/Corp/Enron@Enron
cc:   John R Ayres/NA/Enron@Enron

Subject:  GE Breakout Contract

Kay:

Lee Johnson and John Ayres are going to meet Monday morning at 8:30 to
go
through all the technical information in the contract to confirm
everything.  They should get back to you very quickly with any changes.
I
think the primary thing they are discussing is using a combined
guarantee
rather than single unit.

Thanks,
Brett


Aug should be 1,089,109, Sep is good and Oct should be 121,013. Apr was
786,579
while May, Jun & Jul were same as Aug. Your total for 7/31 is OK. Remember
these are theoretical numbers by which you bill CES/NPC. They also don't
divide
by 30 or 31 so it is hard to make a daily injection add up.

Chris.Germany@enron.com on 08/29/2000 04:16:32 PM
Please respond to Chris.Germany@enron.com

To: Jeffrey Porter/CES/ColumbiaGas@COLUMBIAGAS
cc: Joann.Collins@enron.com
Subject: Re: Sep 1st. TCO

Just double checking my numbers, this is what I now show on COH storage.
Let me know if I need to tweak it and where.

Month          Monthly Inj    Ending Balance
Jul       1,089,097 4,053,906
Aug       1,089,123 5,143,029
Sep       786,579        5,929,608
Oct       120,999        6,050,607  <=== Max storage


Ok, I'm more comfortable than I was but less comfortable than I want ot be.

-----Original Message-----
From: Hayslett, Rod
Sent: Wednesday, November 14, 2001 8:55 AM
To: Fossum, Drew; Howard, Kevin A.
Subject: RE: Notes from Enron

I think I feel better, but I would like some comfort from the lawyer in the crew.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Please find attached file. Transportation & Storage Revenue is right off the Earning Model Income Statement. Carlton data can be found in the Commercial Function detail within the "Database" worksheet of the Earning Model. The Cash Flow verbiage is very general related to the subject matter, but does provide a business reason on a Direct Cash Flow basis for an item buried within the Indirect Cash Flow format. Call me if you have any further questions.

-----Original Message-----
From: Hayslett, Rod
Sent: Wednesday, November 14, 2001 6:45 AM
To: Kleb, Steve
Cc: Geaccone, Tracy
Subject: FW: Fw: Undeliverable: Fw: Last schedule

Can you help explain how the data in the attached file matches the detailed budgets and current estimates you have provided to me?    It may simply, I just haven't had time to look.

Rod,

Thanks for the email.  Can you help me match the information in this email
to your operating plan or cash flow analysis?

Kyle

 <<AnnualStats.xls>>

>
> Do you have the volume and rate information on Northern Natural that
> will tie to Rod's forecast as well?
>
> Kyle
>

(See attached file: AnnualStats.xls)


When: Tuesday, May 22, 2001 12:00 PM-2:00 PM (GMT-06:00) Central Time (US & Canada).

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

Below you will find a schedule for performance testing that is scheduled for Tuesday May 22, 2001 from 12:00 - 2:00.  IT floor support will show up about 20 minutes prior to your groups start time and deliver you your test scripts from Monday along with clean copies for Tuesdays test.

On Tuesday we need you to repeat the test you performed on Monday May 22, 2001 as closely as possible.

Please read below for specific start times and if you have any questions contact me.

Thanks-
Georgia
x3-9974

Unify Gas Performance Testing
User Test - Schedule/Script

May 22, 2001	Begin 12:00 p.m.		End 2:00 p.m. (CST)

Menu Option: Development Application / Stage Applications / Unify / Unify Gas-Power Stage
Server: SYB OFFSET Gas Stage
Data: May 17, 2001
Gas Day: May 19, 2001

Logistics  	(12:00 - 2:00 CST)

	I.T. Team
	Sitara Bridge Process	-	Begins @ 11:30 for gas flow on May 19th
	EDI -				Begins @ 12:15 Diane Niestrath will execute
all phases of EDI to generate system load.  Nominations, Quick Response, and Notifications files from 01/30/01 between 10:00 and 12:00 will be processed.  Scheduled Quantities will not be processed since it is not executed between 10:00 and 12:00 during bid-week.

	User Team
	Login				12:00 (CST)

	Send EDI 		(users can send EDI Nominations, but will not be able to
use the Quick Response Report, or the Schedule Quantity Log - see EDI above)

	Test Scripts will be distributed by the IT floor support team prior to the start of the test.

Volume Management 	(12:20 - 2:00 CST)

I.T. Team
	POPS Revenue Bridge -	Begins @ 12:20

	User Team
	Login			12:20 (CST)

Test Scripts will be distributed by the IT floor support team prior to the start of the test.

Settlements 	(1:00 - 2:00 CST)

	I.T. Team
	LoadRunner -			The I.T. Team will evaluate the system load
between 1:00 and 1:30.  If less than 100 users are logged in or the system load is determined to be low, LoadRunner scripts will begin executing at 1:30 in order to generate additional system load.

User Team
Login				1:00 (CST)

Test Scripts will be distributed by the IT floor support team prior to the start of the test.


Start Date: 3/6/01; HourAhead hour: 21;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030621.txt


FYI.

Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/18/2000
10:38 AM ---------------------------

Doug Arnell@ENRON_DEVELOPMENT
12/18/2000 10:19 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Eric Gonzales@ECT, Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Phil
DeMoes/Corp/Enron@ENRON
Subject: Re:

My view on the discussions with Southern Co. is that it is one of several
potential ways to get at some upside out of our rights at Elba Island.  It's
also giving us a good indication of where the market is for gas sourced from
LNG coming in to Elba.  Nothing will be committed to without considering all
the alternatives at Elba and a full review within EGM and asumably ENA.  The
discussions are still, in my view, exploratory.

Thanks

	From:  Jeffrey A Shankman @ ECT                           12/14/2000 08:17 AM

To: Phil DeMoes/Corp/Enron@ENRON, Doug
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Gonzales/LON/ECT@ECT, Les
Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Janet R Dietrich/HOU/ECT@ECT

Subject:

Before we sign ANYTHING with Southern about the Elba volumes, I'd like an
update.  Also I want to make sure we aren't trading anything away at Elba
that we could be talking about elsewhere.  Thanks.

Jeff


PLEASE NOTE SPECIAL HOURS

Notice No. 01-349
October 22, 2001

TO:		All NYMEX Members/Member Firms
		All NYMEX Clearing Members
		All NYMEX Floor Traders
		All NYMEX Operations Managers

FROM:	George Henderson, Vice President

RE:		Options Expiration Operational Procedures for the Trading
Floor and Clearing Members - Revised Hours
________________________________________________________________

The expiration date for the November 2001 options contract for Unleaded
Gasoline (GOX1), Heating Oil (OHX1) and Natural Gas (ONX1) is Friday,
October 26, 2001.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 4:40 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making
the expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Processing (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option
Expiration Reports will be provided. The following screens will assist you
through the Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trade=s adjusted for the previous 4 business
days by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers TO your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer FROM your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 5:55 p.m.  Any PCS
input via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

STANDARD EVENT			APPROXIMATE TIME		  USUAL	FAST
FACTS(F)
  MESSAGES				   OF MESSAGE		EVENT TIME
E-MAIL    (E)
					  AVAILABILITY
BOTH      (B)

Announce Out-of-the    			 4:45PM		 4:45PM		F
Money Exercise and In-the-Money
Do Not Exercise Submissions

Announce Final Input to C21		 5:40PM		 5:55PM		E
Cutoff Time

All positions are deemed final	 6:30PM		 5:55PM		F

Announce Exercise/Assignment		 7:15PM		 7:15PM		B
Information Available on the Single
Position Maintenance Windows

All Report Distribution is		11:30PM		11:30PM		F
completed

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

If you have any questions concerning these procedures, please contact
Anthony Di Benedetto at 299-2152 or John Ramos at 299-2142 prior to the
expiration date.

 <<EXPFORMSPEC.XLS>>

 - EXPFORMSPEC.XLS


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--------------------T O P S T O R I E S--------------------

Top Stories (April 5)

CALIFORNIA BOND SALE TO EXCEED $10B TO AVOID HIGHER POWER RATE
California will have to sell bonds in excess of $10 billion to finance
wholesale power purchases in order to avoid 80% to 100% rate increases on the
state's electricity consumers, the state's Director of Finance said he was
advised by bond underwriter J.P. Morgan Chase & Co.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
04/05/eng-djn/eng-djn_000053_26_0810009599663

CALIFORNIA STATE ASSEMBLY APPROVES ENERGY CONSERVATION BILL
The California state Assembly approved 74-1 a $710 million energy
conservation bill Wednesday. The bill was sent back to the Senate for another
vote.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
04/05/eng-djn/eng-djn_000052_85_4011123348027

SOLAR-ENERGY BUSINESS SURGES IN CALIFORNIA
Solar energy systems aren't just on the roof, they're also going through the
roof in popularity.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/04/05/krtbn/0000-0396-SK-SOLAR-POWER

SMOKING GUN IN NEW YORK ELECTRIC DRAMA? SOME SAY ARTICLE 10
Five members of a New York state board ultimately decide which power plants
get built in the state. Their bible is a tough set of rules known as Article
10, a statute of the state's 1992 public service law.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
04/05/eng-djn/eng-djn_191356_176_598403248936''

NEW ORLEANS-BASED POWER FIRM ASKS TEXAS FOR 22 PERCENT REVENUE HIKE
Entergy Corp. will ask Texas regulators this week to approve a revenue
increase of 22 percent for its distribution system when deregulation begins
in January.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/04/05/krtbn/0000-0022-BE-ELECTRIC

POWER PLANT PROJECT PROGRESSING
A St. George, Utah, company is on the last leg of a decade-long project that
could put a hydroelectric power plant on Blue Diamond Hill on the western
outskirts of Las Vegas.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/lvrj/200
1/04/05/eng-lvrj_business/eng-lvrj_business_183806_121_386986346915

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Reliant Sees 728-MW Plant Near Chicago Up By June 1

Dynegy Says 3 S US Plants, 1,165-MW Due Up For Summer>DY/N

Smoking Gun In NY Electric Drama? Some Say Article 10

SUBSCRIBERS:RWE Withdraws Cantabrico Bid Already Reported

Mexichem, El Paso To Build Power Plant In Mexico

UK Kickstarts Wind Pwr Development With 13 Seabed Leases

ABB To List Shares Apr 6 On New York Stock Exchange

ABB NYSE Listing -2: Will List Under Symbol "ABB"

PRESS RELEASE: S&P Comments On Calif Utils Credit Quality

S&P: Calif Utils Considering Multibillion Dlr Write-Offs

Lindsey Says US In Business Cycle Downturn

ABB Abandons Bid For Belgium Real Software's US Unit

Cantabrico/Ferroatlantica -2: Hopes For Stability >E.HIC

Cantabrico Bd Approves Ferroatlantica Takeover Offer

Bush May Pull Back Appliance Energy Efficiency Standards

Calif Bond Sale To Exceed $10B To Avoid Higher Pwr Rate

Calif State Assembly Approves Energy Conservation Bill

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Stone Energy Corporation Provides Operations Update

SCE Responds to Governor Davis' Energy SpeechGov. Gray Davis Gave A Short
Speech Thursday on The California Energy Crisis. The Following Response to
The Governor's Comments Is from Stephen E. Frank, Chairman, President And CEO
of Southern California Edison

The Energy Crunch: Baird Calls for Limits on Power Price Hike

Ryan Energy Technologies Inc. Introduces Electromagnetic (Em) Mwd Services
Into Ryan's Traverse City, Michigan Operation

Study: Risk of Energy Shutoffs Across U.S.

PG&E Defaults on Payments to Los Alamos Energy

Rer Announces the Availability of Industrial Energy

Power Plant Project Progressing

American Energy Reports Additional Results from Jacobabad 3 And Settlement of
Northern Lights Lawsuit

Advisory/Energy Show Held During Energy Crisis

Half Of City Voters Polled Fear Energy Crises

Repeat/American Energy Reports Additional Results from Jacobabad 3 And
Settlement of Northern Lights Lawsuit

Reader's View Address West's Energy Crisis

Energy CO-OP Files Lawsuit Against CG&E

Discounts for Power Customers

US/Canada Spot Natural Gas: Malin Soars, But Mkt Mostly Quiet

Energy Debt May Soar

Panel Backs Strict Rules for Power Plants

D-8 Group to Set Up Energy Development Fund

Golden Arch Resources Ltd - North Texas Well to Be Completed As Natural Gas
Producer

Burning Corn for Heat Provides Energy Shortcut

Environmental Organizations Defeat Coal Industry Global Warming Slapp Suit;
Federal Judge Dismisses Coal Industry Suit Attempting to Prevent Debate Over
Global Warming

Rer Announces the Availability of Industrial Energy Profiles Through Eshapes

Emc (Energy Management Company) Now Powered by Nicor Energy

Power Rate Caps Sought for West Congress: House Democrats Fault Bush for
Inaction in Crisis

Aquila Energy Corp Increased Its Price from $17-$22 to $21-$23.

Hammond Power Solutions Inc - Signs Supply Contract Worth $3 Million

Repeats: Energy Volume And Open Interest Totals-APR 5

Reliant Energy Plans Two Additional Power Generation Facilities in Nevada;
Bighorn Peaking Facility on Line by June 2002; Combined-Cycle Facility on
Line by June 2003

Lexxor Energy Inc - Proposed Re-Designation And Consolidation of Class A
Shares

Sierra Pacific Power Company Goes Live with Sct's Customer Management Solution

Power Generators Up Sales Profit by 38% To Pln 1.46 Bln in 2000, Output
Highest in 10 Yrs

Florida Power to Drop Tower as Headquarters

City Heeds Davis' Call to Reduce Energy Use

World Bank: Gef Announces Launch of First Solar Venture Fund Focused on
Developing World

Major Wind Power Project to Be Built in West Texas

Midamerican Energy Company Selects Altra for Middle And Back-Office Gas
Operations

Puget Sound Energy Revises Some Pricing

Clayton Williams Energy Provides Financial Guidance for 2001

Xantrex Honored for Power Efforts

County Looks at Methane Power

Power Supply in Four Outputs

Docucorp Will Present Utility Solutions at Sct Summit

Alts President Sends Letter to FCC About RBOC Power Charges

State Demonstrates 'Energy of the Future'Tnrcc, Senator Brown Host First
Public Demonstration of Hydrogen Fuel Cell

ENEL begins sale procedure of its second power generation company

The Options Dwindle: State, Feds Energy Solutions Limited

Greenspan Says Energy Woes Likely, But No Crisis Yet Policymakers Also
Predict Country Will Dodge Slipping Into Recession

Energy Outline Coming

Gamesa claims 2nd position in world wind-driven generator manufacturing

Power-plant Payments Generate Controversy

Meralco rate hike provisional authority not urgent: Energy Regulatory Board

California secures 4.125 bln usd energy funds in anticipation of bond issue

Manhattan Firm Makes Utility Deal

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Apco Argentina Inc. And Globex Energy, Inc. Agree to Merger

Kms Power Issues Annual Financial Results for Year 2000

State Power Companies Earn US$661mn - Peru

Bndes Receives 53 Small Hydro Proposals - Brazil

New Energy Secretary Expected to Promote De-regulation - Argentina

Luscar to Supply Coal to Gener - Chile

Japan Natural Energy Gets Orders from 20 Firms

Nippon Steel Supplies Power to M'bishi Buildings

Japan's Power Demand Up 2.6 Pct in Feb.

Energy Ministry, Ebrd Discuss Energy Reforms

Top Energy Summaries - Thursday, April 05, 2001 - 5:04 PM

Top Energy Summaries - Thursday, April 05, 2001 - 2:14 PM

The Answer Is Blowing in the Wind

Guizhou Panjiang Cleaned Coal To Issue IPO in Shanghai's A-share Market On
April 9

Top Energy Summaries - Thursday, April 05, 2001 - 12:32 PM

Winds Aloft: When Radio Free Europe Flew Balloons

Smi: Looking at the Future of Energy Trading

Brazil: Cesp Parana's New Owner to Expand Energy Generating Capacity

Brazil: Copesul's Production Backs 3rd Generation Petrochemicals

Enel approves sale of second power company

Top Energy Summaries - Thursday, April 05, 2001 - 9:23 Am

Friends of the Earth: Dawn of New Era: 18 Offshore Wind Farms Unveiled;
Thousands of New Jobs As Green Power Market Takes-Off

Top Energy Summaries - Thursday, April 05, 2001 - 7:43 Am

Brazil: El Paso to Set Up A 700 Mw Thermal Electric Power Facility

Brazil : Bndes Concentrates in Power Generating Sector

Abbot, PowerGen wind energy jv pre-qualified for Crown Estate wind farm

Teleadapt: Teleadapt to Offer PC Protection for Users at Home And Away; New
Protection Packs Guard Against Power Surges And Spikes, Whilst Preventing
Potential Damage Caused by Incompatible Telephone Lines

UK Government: Government Gives Go Ahead for Combined Heat And Power Station
at Jaguar Plant

China's Trade of Machinery & Electric Products Doubles

20 Firms to Buy Electricity from Wind-Powered Plants

Philippines' National Power Corp Cuts Rates

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

Litchfield, Conn., Fuel Company Decides to Shorten Its Name

California Utilities Ask for Halt to Tulsa, Okla.-Based Firm's Power Rates

Energy Bills' Future Unknown As Washington State Lawmakers Rethink Situation

Chicago-Based Power Company Plans to Expand Marketing, Trading Divisions

ST. Louis-Based Natural Gas Firm Proposes Rate Cut

Solar-Energy Business Surges in California

State Aid Sought for Low-Income Customers of Philadelphia-Based Gas Utility

Pennsylvania Official Says State Can Avoid California-Style Energy Crisis

Municipal Wisconsin Utilities Group Protests Proposed Budget Revision

Experts Predict Healthy Power Supplies for the Midwest Summer

Wisconsin Energy Company Defends Construction of Power Plants

Escalon, Calif., Area Won't Find Power Bill Relief in Utility Agreement

California Legislators Examine Utility Tax Levels

Los Angeles Mayor Proposes Energy Conservation Plan

Missouri Gas Energy Wants to Begin Charging A Set Price for Gas

Grapevine, Texas-Based Oil Firm Expects Large Profits This Summer

Florence, Ore., to Spend $2 Million of Well Development Project

Duluth, Minn.-Area Electrical Cooperative Appoints Communication Manager

California Public Utilities Official Favors Wholesale Price Caps

Proposed Utility Merger Fell Apart Over `Takeover' Concerns

New Orleans-Based Power Firm to Ask Texas Regulators for Revenue Increase

New Orleans-Based Power Firm Asks Texas for 22 Percent Revenue Hike

Santa Fe, N.M., Conference Underscores Challenges for Utility Industry

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at:
http://news.powermarketers.com/news/articles/ElectricPower.html

UPDATE 1-Brazil adopts plan to avoid power cuts

Pacific Gas & Elec halts preferred dividend payments

UPDATE 2-Sherritt wants access to Luscar Coal data

UPDATE 1-Second NYPA turbine lawsuit verdict seen

U.S. FERC releases Western power meeting schedule

Philadelphia told to consider sale of utility

U.S. Democrats push price cap plan for Western power markets

U.S. green group seeks to save environmental programs

Utility says not enough supply in NY for power competition

Canada natgas prices rise on storage withdrawals

UPDATE 1-RWE out of Cantabrico race, might look elsewhere

TEXT-S&P affirms AES Corp BB ratings

UPDATE 2-S&P worried PG&E, Edison won't recover quickly

US POWER-Trust the forecast? Energy trading desks do

Reliant to build two Nevada natural-gas power plants

Group of developing nations to set up energy fund

UPDATE 2-Britain gears up for offshore wind power

US POWER-Success spells trouble for Calif. energy traders

HEWsays to accept joint Bewag deal with Mirant

POLL-New Yorkers worried about summer energy shortage

UPDATE 1-S&P worried PG&E, Edison won't recover quickly

TEXT-Moody's maintains Citizens Communications long-term rtg

INTERVIEW-Dutch utility Remu says still plans Endesa link

S&P worried PG&E, Edison won't recover anytime soon

Old coal may breathe new 'green' energy into UK

NW Natural sees lower than expected profits ahead

Enron issues arbitration notice to India govt

World Bank cuts funding for Kenya power-paper

U.S. Duke Energy seeks power stations in Europe-FT

*********************************************************
NEW on the POWERMARKETERS.COM TRAINING PAGE
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ELECTRONIC TRADING. Power is following natural gas to become an
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Exchange.

NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
operation together-- the cash and credit requirements, back office,
information technology, staffing, marketing, sales and organizational
considerations. Andrew Serri, Vice President, AmerenEnergy Marketing.

RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
far been an underwhelming success, but a great deal has been learned, and it
is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone

MANAGING BILLING. The complex requirements for managing billing and
commodities in the deregulating energy industry cannot be met with current
CIS and CRM technology. Energy Retailers must embrace the next evolution of
energy customer management (ECM) solutions. Paul Grey, Chief Technology
Officer, Peace Software.

THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster
execution, reduced transaction costs, increased number and frequency of
transactions and increased specialization are just some of the changes to
energy markets wrought by the web, and it's just beginning. Implecations of
the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and
Director, Altra Energy Technologies.

Access all online presentations at: http://www.pmaconference.com

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-----Original Message-----
From: 	Godfrey, Jay
Sent:	Wednesday, September 19, 2001 2:23 PM
To:	Mitchell, David; Deffner, Joseph
Cc:	Lindholm, Tod A.; Payne, Michael; Lamb, John
Subject:	IM I/IM II PPA TerminationPayments.

Gents

Attached please find a copy of the IM I PPA with San Antonio together with a short note from Joh Lamb regarding Termination.

I look forward to our discussion at the top of the hour.

Regards,

JFG

---------------------- Forwarded by Jay Godfrey/EWC/Enron on 09/19/2001 12:17 PM ---------------------------

John Lamb
09/19/2001 11:43 AM
To:	Jay Godfrey/EWC/Enron@ENRON
cc:
Subject:	IM I/IM II PPA TerminationPayments.

Jay:  the IM I and IM II PPAs have different, but consistent, approaches to the calculation of damages in the event that a party defaults under the agreement.  The differences arise because the IM I agreement is based on more typical PPAs between a independent power generator and a utility power purchaser.  On the other hand, the IM II deal is a combination of such a PPA with a number of terms that more commonly foundin in power agreements between a power marketer and a buyer.   Consistent with most PPAs with utilities, the IM I agreement does not specify the method for calculating actual damages that a nondefaulting party may incur in the event of a default by the other party.  That methodology is left up to general contract law, which is that the nondefaulting party receives actual damages in an amount that would put them in the economic position that they would have been if the defaulting party would have performed its obligations.  This is basic contract law.  The IM II agreement spells out in detail the damage calculation, which is referred to as a "termination payment", in the agreement.  I understand that this approach is typical of power marketing contracts.  However, the mechanics are basically the same as if you went by basic contract law, other than the fact that the seller is entitled to certain consequental damages as well as actual damages resulting from a breach by the buyer.  In the end,the nondefaulting party, through the payment of the termination fee is being placed in the same economic position as if the defaulting party had performed its obligations.  Let me know if you want further clarification on this point.

Regards

John

<Embedded Picture (Device Independent Bitmap)>


Hey there, two things...

1 -- how are negotiations coming?  can i uncross my fingers and toes yet?

2 -- i fed-exed the Frontline and Nightline pieces to Sue yesterday, so you
should have them in your office today.  Should I send popcorn?

Talk soon.
kd


I guess we aren't really part of this group.  See web page.

thanks

bob
---------------------- Forwarded by Bob M Hall/NA/Enron on 03/30/2001 09:37 AM ---------------------------

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Thanks, I pass it on to Chris.

I haven't heard back on Lodi. I'll check.

McCrae said the issue has slowed down due to our comments and some CPUC
actions.  Bottorff doesn't know when it will happen, but Tom and I will make
sure you're included.  McCrae wants to see a proposal on the exit fee.  I'll
make sure you get one.

On the GRC, the Commission issued an Order to Show Cause today for us AND
Edison on the failure to file and NOI.  I sent a note to Florio saying we
may need him as a witness on feasibility, that even though he thought our
GRC filings looked like they'd been put together in 20 days, ...

Take care.

Dan

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, November 20, 2001 9:46 AM
To: Richard, Daniel D Jr.
Subject: Couple things

Greetings Dan:  Few things.

*	Chris Warner did an extremely good job of talking about your
plan at DJ's thing in Yountville.
*	Thanks a million for helping to identify someone who's a bit
more "outside the box" to help on the Lodi power plant/gas storage deal.
Any indication of who that person might be? We're anxious to start
meeting with them.
*	Any word on getting a conference call together with the large
customers?
*	Finally, have you told the PUC yet that you won't be filing any
stinking GRC?  If so, how have they reacted?

Have a great holiday weekend.

Best,
Jeff

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---------------------- Forwarded by Mike Grigsby/HOU/ECT on 06/13/2000 10:43
AM ---------------------------

"Hutcheson, Curtis" <Curtis.Hutcheson@COMPAQ.com> on 06/09/2000 12:18:43 PM
To: "'Mike Grigsby'" <mike.grigsby@enron.com>
cc:
Subject: Wireless Home Networking Consumer Profile & Market Forecast (Repo rt
# MD00-02MP

I think the Proxim solution is the way to go.  Compaq has partnered with
these guys.

You need: an ISA card for your desktop and a PC card for your notebook

Here is the link that gives an overview of the product:

http://www.proxim.com/symphony/learn/costben.shtml

Here is the best deal I found where they were in stock.  I believe you need
the last two items listed on the page.

http://www.proxim.com/symphony/learn/costben.shtml

Here is an overview report

 - C.DTF