CalPX:High Summer Pwr Prices Mostly From Fundamentals
By Mark Golden

10/04/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)
NEW YORK -(Dow Jones)- High electricity prices this summer in California were
the result of market fundamentals and structure, rather than market
manipulation by particular participants, according to a preliminary report by
the California Power Exchange.
Rising demand in the state and in the western U.S. overall combined with a
lack of new generators to push wholesale prices to levels about three times
as high as prices last summer, according to the preliminary report obtained
by Dow Jones Newswires.
And the price rise was predictable, according to the report.
Citing hot weather from May to July in California and the Southwest, lower
hydroelectric supplies in the Northwest, higher natural gas prices, higher
prices for nitrogen oxide emission allowances, the report says that "reserve
margins during peak hours in May and June in the Western Systems Coordinating
Council region dropped to a thin 4% to 6%, compared to the forecast 17% to
20%."
"Price movements in California and the WSCC are consistent with analysis by
Cambridge Energy Research Associates, which has demonstrated a high
correlation between low capacity reserve margins and high spot prices in
other regions of the U.S.," the report says.
While the CalPX recommends changes to its market rules, it says that prices
were sometimes higher in other parts of the western U.S. than in California
this summer, further evidence of a genuine market imbalance between supply
and demand.
The CalPX market flaws, however, "provided incentives to suppliers to
speculate on receiving higher prices in the Real-Time and Ancillary Services
markets (which are operated by the California Independent System Operator) by
moving their supply to those markets, leaving less supply in the CalPX
Day-Ahead market. These design flaws need to be addressed," the report says.
Although suppliers had incentives to move power to the highest-priced
markets, the CalPX found no "consistent pattern by individual participants or
participant category. As a result, it is difficult to single out any one
group as the force driving prices."
CalPX will send the final report to various bodies investigating the
California wholesale electricity market, including the Federal Energy
Regulatory Commission, the California Public Utilities Commission, the
California Attorney General, the California Electricity Oversight Board and
the state legislature.
Its findings may not sit well politically with some of those bodies,
according to one source. California utilities, Gov. Gray Davis, and various
legislators and regulators have been blaming independent power generators -
"out-of-state" companies that bought big generating stations from the
utilities over the past three years - for market manipulation and price
gouging. Those groups hope to build a case with the FERC that would force
suppliers to refund some of their big gains this summer back to California's
utilities and to the customers in the San Diego area, who have received high
electric bills.
Instead, the CalPX's preliminary report proposes corrections that are
relatively modest, such as increasing demand responsiveness, removing
barriers to new generation, proportionally allocating out-of-market purchase
costs to the utilities that underscheduled power purchases and encouraging
utilities to buy more power in the forward market.
As ordered by state legislation to deregulate the electric utility industry
in California, the regulated utility units of PG&E Corp (PCG), Edison
International (EIX) and Sempra Energy (SRE) purchase the power they need one
day in advance through the CalPX and make any last-minute purchases through
the California ISO.
   By Mark Golden, Dow Jones Newswires
   201-938-4604; mark.golden@dowjones.com


"Kirkpatrick, Joe" <joe.kirkpatrick@nrgenergy.com> writes to the NYISO_TECH_EXCHANGE Discussion List:

The results of the recent capacity auctions would seem to highlight that
New York and NYC in particular may not be the "tight markets" that
require the numerous layers of mitigation presently in place.

It is difficult to determine the "spare" capacity in NYC, Long Island or
the Rest of State market due the fact that New York unlike other ISOs
does not publish what the total capacity supply is for each month or
season. The "curtailable load" portion of the equation has had a
significant impact on capacity requirements but as yet it is unknown
what the total impact is. This new capacity supply is effectively
increasing the supply of available capacity.

Quoting generation capabilities and load requirements excludes
curtailable load and other demand response mechanisms, the exclusion of
these factors grossly misrepresents supply conditions.

Total capacity and spare capacity after the completion of all the
capacity auctions is information essential to the economics for
developers who are developing or constructing generation in NYC and
other areas in NY. There is only a set amount of capacity required in
New York and New York City, adjustments in price do not increase demand
as they would in other commodities.

Assumptions that supplies are tight and developers can rely on capacity
payments to contribute to fixed cost recovery are severely overstated.

There is a significant surplus of capacity in NYC alone, at a minimum
there is well over 800 MW of spare capacity that we can account for as a
result of the recent auctions.

How much more capacity is out there?

Market participants require this information to assess the economics to
develop and build new generation facilities. If capacity payments are
being included in project economics then this will have a significant
impact on the viability of projects if those capacity payments are not
there.
This information needs to be published.

Joe


Print job.
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/13/2000 02:19
PM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 11/13/2000 01:46:03 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Christopher"
<christophercobb@akllp.com>

Subject: FW: Compared Document

Here is the blackline showing changes made from version 5.  Again, I
apologize for the delay.  As you can see, the blackline has deleted
certain section headings and internal section cites. I will have IT
debug version 6, so this shouldn't affect any future blacklines.

>  -----Original Message-----
> From:  Gregory, Donnye
> Sent: Monday, November 13, 2000 2:33 PM
> To: Lindo, Jacqueline E.
> Cc: Thompson, Peter J.
> Subject: Compared Document
>
> Here is your compared document.  I think that both versions of this
> document were corrupt.  We can talk later about fixing them.
> <<TEST_RED.DOC>>
 - TEST_RED.DOC


I'm walking into the lion's den on Thursday (a/k/a Chicago) to discuss
various matters.  I know Laura is anxious to move forward on the Manlove
deal.  I thought it might be really neat if we (Legal) could have a game plan
for this deal, described by Laura as being "like the Bammel deal".  If I can
get Laura to commit to a time, how about a conference call to discuss where
to go with this?

I'm taking the long way to Chicago (via Connecticut), but will be checking
voice mail, etc.

Thanks,

Kay


Daren and Lauri,

Per Gary, I am forwarding the below percentage split for Spinnaker.  I have
highlighted the split in Blue.

Thank you!!!!

Christy
39050

---------------------- Forwarded by Christy Sweeney/HOU/ECT on 10/24/2000
03:19 PM ---------------------------

Dan McCue <mccue@spinexp.com> on 10/09/2000 10:50:23 AM
To: "'christy.sweeney@enron.com'" <christy.sweeney@enron.com>
cc: "'gbryan@enron.com'" <gbryan@enron.com>, "Bill Young (E-mail)"
<billyoung3@aol.com>

Subject: FW: N. Padre 883 gas allocation

Christy, I think there is a good chance that the information shown below
went to you, or your office.

I would like to get involved in finalizing plans for revenue distribution
for the N. Padre production.  I am certain you are way ahead of me on this
matter.  Spinnaker expects a Division Order Title Opining within a few
weeks.  I also expect the attorney to make some title requirements which
will delay a final Opinion.  In talking with Ranger and The Houston
Exploration Company, they are prepared to receive their gross (shown below)
and be responsible to their respective ORRI owners.

How do you recommend we proceed?  Will HPL pay taxes on behalf of the
parties?

When you get a minute, please call me at 713/759-1770.

Thanks,

Dan McCue
>  -----Original Message-----
> From:  Kenny Orr
> Sent: Wednesday, September 27, 2000 3:38 PM
> To: Kelly Barnes; Dan McCue
> Cc: 'Billyoung3@aol.com'
> Subject: N. Padre 883 gas allocation
>
>
>
> I informed a person at Houston Pipeline Company that the gas volumes
> should be allocated as follows:
>
>
>   State of Texas    21.894500%
>   Ranger     27.336925%
>   Spinnaker    27.336925%
>   Houston Exploration   23.431650%
>


Payment Schedule.
Payment Date	Payment Amount
April 30, 2001	$50,234,000

TOTAL	$50,234,000

Such April 30th payment shall constitute full and final payment for the
Units, except that Purchaser shall be responsible for the payment of any and
all amounts associated with any Change Order after the Effective Date. The
final payment is also subject to Section 6.1.3.

Also, Delta has suggested that we add in language for the adjustment due to
site conditions.  I added language to Exhibit A-1.

Both of these edits are from the CA form.

Kay


The ETS Mechanical Services, Compression Services and ETS Mechanical
Integrity groups have been renamed ETS Power Services to better describe the
focus of our business.

ETS Power Services is responsible for data gathering and predictive
maintenance analysis, coordination of scheduled & unscheduled maintenance,
outage planning, overhaul management & inspection. We also supply the
day-to-day mechanical expertise for over 700 reciprocating engines, gas
turbines and compressors throughout the ETS system.  The name ETS Power
Services helps to better define our role and the expansion of our business to
support other Enron entities, as well as companies outside Enron in the power
and natural gas industries.

Please feel free to contact me at 713-646-7624 should you have any questions,
or if the ETS Power Services group can help support your engine, gas turbine
or compressor maintenance needs.

John R. Keller
Vice President
ETS Planning & Power Services


Ged, Peter,

Following further discussions, I attach a new draft of the document.  As
before, this is subject to further internal Enron review, and has not been
circulated to any other parties.

All new, as well as existing changes to the extent these still apply, are
marked.

Thanks.
Justin


Marla -

I appreciate the patience on the Password issue.   I realize it has been a
while since we first spoke about this point.

I have reviewed the concern about hackers and Enron use of Passwords and the
best we can do is insert language into the Password App. similar to that
appearing in the attached document (which is the same type of language used
in the ETA's).  It is intended only to cover the situation where Clickpaper
personnel use the password or otherwise access the website, in an
unauthorized manner, on behalf of a counterparty.  The language does not
address the hacker situation as we place the burden in that situation upon
the counterparty.

Finally, since the Password App. is a legal, electronic agreement, any
amendments or modifications for a counterparty must come through my office or
through Tana Jones ((x. 33399).  Accordingly, those counterparties who have
raised the issue should call either one of us if further action is
necessary.  We do not actually revise the form agreements, but do provide
side letters indicating modifications to the form agreement.

Once again, please accept my apologizes for the delay.  Let me know if you
should need anything further.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Steve: Per your instructions, Chris and I met and discussed your comments
last week regarding the Fontheim proposal to provide representation to Enron
at the rate of $10,000 per month plus expenses (these should be quite
minimal) from date of execution through the balance of the year.

Claude Fontheim is well known in Washington and did serve in a trade capacity
early in the Clinton Administration. Chris and I have know two of his
operatives Sally Painter and Ken Levinson for several years. Sally was the
deputy director of the DOC business liason office and later with Tenneco and
Ken was legislative director to Senator Rockefeller. We believe they have a
good reputation and provide professional representation of the highest
quality.

While their strength as Chris and I see it is there relationships in the
Clinton-Gore White House, they are particularly close to the New Democrats
(trade and commerce supporters in Congress) and have good ties into the
environmental community. They have made various suggestions to us in the past
and offered advice both of which have been useful to Enron. Therefore, while
we have been discussing their value in our desire to have good ties with the
Gore organization which they have, Chris and I also see value they can bring
to other issues of importance to Enron including the electricity
restructuring legislation.

We recommend them and await your decision.

Joe


Here is the Milberg opposition to the ex-parte application and the motion to
stay in Hendricks.  It was apparently filed and served by mail on Friday,
although I had to call Simon's office yesterday to get a copy.  Note that
Milberg makes no mention of the 455 issue.

Krause is apparently filing an opposition brief today in Gordon.

We will discuss hearing status, etc on call today.

>  <<3-9 Hendricks Oppo to Stay.pdf>>
>
> **************
>
> CONFIDENTIAL
>
> Luce, Forward, Hamilton & Scripps LLP
> 600 West Broadway
> Suite 2600
> San Diego, CA 92101-3391
> (619) 236-1414
>
> The information contained in this electronic mail transmission is
> confidential and intended to be sent only to the stated recipient of the
> transmission.  It may therefore be protected from unauthorized use or
> dissemination by the attorney-client and/or attorney work-product
> privileges.  If you are not the intended recipient or the intended
> recipient's agent, you are hereby notified that any review, use,
> dissemination, distribution or copying of this communication is strictly
> prohibited.  You are also asked to notify us immediately by telephone and
> to delete this transmission with any attachments and destroy all copies in
> any form.  Thank you in advance for your cooperation.
>

 - 3-9 Hendricks Oppo to Stay.pdf


Ken Lay will attend.

Billy Dorsey@ENRON_DEVELOPMENT
02/28/2001 08:53 AM
To: Cliff Baxter/HOU/ECT, Jeremy Blachman@EES, Philippe A Bibi/HOU/ECT,
Raymond Bowen/HOU/ECT, Michael R Brown@ECT, Harold G Buchanan@EES, Rick
Buy@ECT, Richard Causey@ENRON, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox@Enron Communications,
David W Delainey@EES, James V Derrick@ENRON, Steve Elliott@ENRON
COMMUNICATIONS, Andrew S Fastow/HOU/ECT, Mark Frevert/NA/Enron, Ben
Glisan@ECT, Kevin Hannon@ENRON COMMUNICATIONS, Rod Hayslett@ENRON, Stanley
Horton@ENRON, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J
Kean/NA/Enron@Enron, Louise Kitchen@ECT, Mark Koenig@ENRON, Kenneth
Lay@ENRON, John J Lavorato/Corp/Enron, Dan Leff@EES, Danny McCarty@ECT, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey McMahon/HOU/ECT, Mark Metts/NA/Enron, Mark S Muller@EES, Cindy
Olson@ENRON, Lou L Pai@EES, Ken Rice@ENRON COMMUNICATIONS, Matthew
Scrimshaw@ECT, Jeffrey A Shankman/HOU/ECT, Jeffrey Sherrick@ENRON, John
Sherriff@ECT, Jeff Skilling@ENRON, Marty Sunde@EES, Greg Whalley@ECT, Thomas
E White@EES, G G Garcia@Enron, Susan Skarness/HOU/ECT, Karen K Heathman@ECT,
Sharron Westbrook@ENRON, Kay Chapman@EES, Stephanie Harris/Corp/Enron,
Bridget Maronge/HOU/ECT, Nicki Daw/NA/Enron, Inez C Dauterive@ECT, Carol Ann
Brown@ECT, Cindy Stark@ENRON, Maureen McVicker/NA/Enron@Enron, Joannie
Williamson@ENRON, Rosalee Fleming@ENRON, Vanessa Groscrand@ENRON, Tori L
Wells@ECT, Cathy Phillips@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT, Dolores
Fisher/NA/Enron, Karen S Owens@EES, Dorothy Dalton@ENRON COMMUNICATIONS,
Mercedes E Estrada@Enron Communications, Christina Grow@ENRON, Lauren
Urquhart@ECT, Sherri Sera/Corp/Enron@ENRON, Laura Taylor@ENRON, Judy G
Smith@EES, Kathy McMahon/NA/Enron@Enron, Suzanne Danz@ENRON, Peggy
McCurley/HOU/ECT, Marsha Schiller/HOU/ECT, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie Schoppe@ECT, Kimberly
Hillis/HOU/ECT, Jennifer Burns@ECT, Sharon W Dick@ECT, Beverly Aden@EES,
Kathy Dodgen@EES, Kerry Ferrari@ECT, Carol Moffett@EES, Jennifer Adams@Enron
Communications, Leah Rijo@ECT, Lucy Marshall/Enron Communications@Enron
Communications, Kathy Campos@ENRON, Julie Armstrong@Enron, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly Johnson@Enron, Rebecca
Carter@ENRON
cc: Vanessa Groscrand@ENRON
Subject: EXECUTIVE COMMITTEE MEETING-- March 5th.

Executive Committee Weekly Meeting
Date:  Monday, March 5th
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984)
  or Bill Dorsey (713/646-6505) for the weekly dial-in number and passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person __XX_____

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

*  *  *

Please return this e-mail to me with your response by 12:00 p.m., Friday,
March 2nd.

Thank you,
Bill Dorsey.


Looks good. Please book this.  Thank you.


Julie,

I shall track down Fiona.

She may be on vacation.

Vince

"Julie" <julie@lacimagroup.com> on 03/22/2001 03:28:34 PM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: Fw: energy book promotion

Hi Vince,
?
I sent the attached for Enron's approval to Fiona Grant, but haven't heard
back.? In the contract that we signed it states that we need to seek
approval from Enron if we want to use the company name.? Is there someone
else we should direct these requests?
?
Hope you are well.
?
Julie
?
?
?
----- Original Message -----
From: Julie
To: Fiona.Grant@enron.com
Sent: Thursday, March 15, 2001 5:20 PM
Subject: energy book promotion

Fiona,
?
I've attached a letter that is going to be?sent out to some  universities,
promoting the Energy Derivative book.? Are we allowed to  mention, "...in
association with Enron Corp."?? Please see attached.
?
Should we check with you every time we would like to use "Enron Corp." when
advertising the book?? It will usually follow similar format.
?
Thanks,
Julie
?
Lacima Group
 - Covering letter for book brochures.doc


Paul,

As of today, if I have not been called, am I supposed to assume I still have a job?

Thanks,
David


The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=09/20/2001>, published as of 09/20/2001 is now available for viewing on the website.


Joshua Koenig will be reporting to Bryce Baxter (Mechelle Stevens will be his
lead) and will be working on the A/R and A/P reconciliation project.  Jolly
Jose will be joining the risk team.  Our current plan is for him to help with
the day-to-day P&L preparation activities on the East Desk along with any
other projects that arise.  Jolly will report to Will Kelly (David Oliver
will be his lead).  I have forwarded the summer schedule to Bryce and Will.
We will make every effort to ensure the interns' have a good experience.

	Enron North America Corp.

	From:  Sally Beck                           05/19/2000 10:01 AM

To: Kristin Albrecht/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, D Todd
Hall/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT,
Michael E Moscoso/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Stephen P Schwarz/HOU/ECT@ECT,
James Scribner/Corp/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT
cc:
Subject: Please Respond Promptly re: Summer Analysts

According to records from the Analysts Program, the following interns will be
working within Energy Operations during the summer.  The assignment stated
below is as reflected in the program's spreadsheet.

Name   School   Start Date Assignment

Luna Carlson  University of Florida  July 5  ENA - Risk Reporting and Analysis

Joshua Koenig  University of Florida  May 22  Energy Operations - Gas
Operations Management

Jolly Jose  University of Houston  June 5   Energy Operations - Gas
Operations Management

Michael Taylor  LSU    May 22  Central Desk Logistics

Daniel Graham  Morehouse   May 15  ENA - Financial Settlements

Angelique Woods University of Texas  May 22  ENA - Risk Management

First, please respond to me today and let me know to whom the analyst will be
reporting and what their responsibilities will be for the summer.  Hopefully
none of this is a surprise and the appropriate arrangements have been made
for desk, phone and computers for all.

Secondly, please make a point of seeking out these interns and welcoming them
to Enron.

Finally, after I know where these analysts are placed, we will have a brief
meeting with the analysts' managers and any of you under whom they will be
working to discuss ideas on making the analysts assignments meaningful this
summer.  I welcome ideas on this from any of you.


---------------------- Forwarded by John J Lavorato/Corp/Enron on 05/10/2000
02:02 PM ---------------------------
From: Ted Murphy@ECT on 05/08/2000 11:16 AM
To: Michael E Moscoso/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc: Rick Buy, John J Lavorato/Corp/Enron@Enron, John Sherriff/LON/ECT@ECT,
Greg Whalley

Subject: Global Risk Management

On Friday, May 5, 2000 , Rick Buy and Jeff Skillling signed a memo
designating John Lavorato (Western Hemishere) and John Sherriff (Eastern
Hemisphere)
as the responsible parties for signing the Daily Positiion Report.  Please
obtain Greg Whalley's approval for all DPR's prior to that date.  Going
forward, please coordinate with each as to their preferred method of
designating approval.  I assume you will use e-mail until such time that the
Executive Reports Viewer can be changed to accomodate this change.  I will
also assume that you are working on that solution unless otherwise informed.

John Sherriff/John Lavorato
The memo was exactly as had been sent to you in draft form.  Responsibility
for LNG continues to be somewhat unclear, however, as it pertains to global
risk oversight, John Sherriff is officially responsible until further notice.

Any questions, please call me at 3-3324

Ted


This email is in regards to the Halloween party at the Continental Club.  I
would like to confirm my attendance for the night of the Oct. 26.

Thank you,
Susan Scott
---------------------- Forwarded by Susan M Scott/HOU/ECT on 10/23/2000 12:41
PM ---------------------------
From: Julie Davidson@EES on 10/18/2000 02:28 PM
To: Aaron Martinsen/HOU/EES@EES, Ace Roman/HOU/ECT@ECT, Adam
Siegel/NA/Enron@Enron, Adnan Patel/Corp/Enron@ENRON, Adrian
Woolcock/HOU/EES@EES, Alan Nahman/HOU/ECT@ECT, Alejandro
Hernandez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alicia Perkins/HOU/ECT@ECT,
Allan Wu/HOU/ECT@ECT, Alton Jackson/Corp/Enron@Enron, Amanda
Schultz/NA/Enron@Enron, Ami Thakkar/NA/Enron@ENRON, Amie Ha/HOU/EES@EES, Amy
Jon/HOU/ECT@ECT, Amy Lehnert/Enron Communications@Enron Communications, Ana
Maria Hernandez/NA/Enron@Enron, Andy Chen/PDX/ECT@ECT, Angie
Zeman/Corp/Enron@ENRON, Anila Hoxha/NA/Enron@Enron, Anthony
Sexton/NA/Enron@Enron, Ashish Mahajan/HOU/EES@EES, Ashley Dietz/Enron
Communications@Enron Communications, Ashley Worthing/NA/Enron@Enron, Atticus
Lyon/HOU/AZURIX@AZURIX, Avinash Jain/NA/Enron@Enron, Ben
Huxen/NA/Enron@ENRON, Benjamin Freeman/Corp/Enron@ENRON, Benjamin
Markey/HOU/ECT@ECT, Benjamin Thomason/HOU/ECT@ECT, Beth Cowan/NA/Enron@Enron,
Bilal Bajwa/NA/Enron@Enron, Binh Pham/HOU/ECT@ECT, Brad
Mauritzen/HOU/EES@EES, Brandon Cavazos/NA/Enron@Enron, Brandon Luna/Enron
Communications@Enron Communications, Brent Dornier/Enron Communications@Enron
Communications, Brian Cohen/HOU/EES@EES, Brian Haufrect/HOU/AZURIX@AZURIX,
Brian Hoskins/HOU/ECT@ECT, Brian Kolle/HOU/ECT@ECT, Brian
Steinbrueck/AA/Corp/Enron@Enron, Bryan Hull/HOU/ECT@ECT, Bucky
Dusek/HOU/EES@EES, Carlos Vicens/Enron Communications@Enron Communications,
Carrie Southard/HOU/ECT@ECT, Catherine Pernot/NA/Enron@ENRON, Chad
Landry/HOU/ECT@ECT, Chetan Paipanandiker/HOU/ECT@ECT, Chi Sheh/HOU/EES@EES,
Ching Lun/HOU/EES@EES, Chris Jantz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris
Mallory/PDX/ECT@ECT, Chris Ochoa/NA/Enron@Enron, Chris Walker/HOU/ECT@ECT,
Christa Winfrey/HOU/ECT@ECT, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christina
Barthel/Corp/Enron@Enron, Christine Milliner/FGT/Enron@Enron, Christopher
Chenoweth/NA/Enron@Enron, Christopher Watts/NA/Enron@Enron, Chuck
Ames/NA/Enron@Enron, Cindi To/HOU/EES@EES, Clifford Nash/HOU/EES@EES, Colleen
Koenig/NA/Enron@Enron, Courtney Childers/Enron Communications@Enron
Communications, Courtney Votaw/NA/Enron@Enron, Crystal Hyde/HOU/ECT@ECT, Dan
Feather/SA/Enron@Enron, Daniel Arzola/Enron Communications@Enron
Communications, Daniel Falcone/Corp/Enron@ENRON, Daniel Kang/HOU/EES@EES,
Darren Ramsey/NA/Enron@Enron, David Fontana/HOU/EES@EES, David
Hunker/Corp/Enron@ENRON, David Junus/HOU/EES@EES, David
Marye/OTS/Enron@Enron, Dayem Khandker/NA/Enron@Enron, Dejoun
Windless/Corp/Enron@ENRON, Denver Plachy/NA/Enron@Enron, Derek
Mo/Corp/Enron@ENRON, Duc Duong/Corp/Enron@ENRON, Elberg Gelin/HOU/EES@EES,
Elizabeth Johnston/NA/Enron@Enron, Elizabeth Shim/Corp/Enron@Enron, Emily
Allwardt/LON/ECT@ECT, Eric Mason/Enron Communications@Enron Communications,
Eric Scott/HOU/ECT@ECT, Erika Breen/HOU/EES@EES, Erin A Rice/LON/ECT@ECT,
Erin Willis/HOU/ECT@ECT, Ethan Schultz/Enron Communications@Enron
Communications, Ethel Koskas/NA/Enron@Enron, Farouk Lalji/HOU/ECT@ECT, Felipe
Ospina/NA/Enron@ENRON, Gabriel Chavez/NA/Enron@Enron, Gabriel
Monroy/HOU/ECT@ECT, Gallin Fortunov/HOU/EES@EES, Garrett Ashmore/Enron
Communications@Enron Communications, Gary Justice/NA/Enron@Enron, Geir
Solberg/PDX/ECT@ECT, George Thomas/Corp/Enron@ENRON, Gerardo
Benitez/Corp/Enron@Enron, Gisselle Rohmer/HOU/EES@EES, Gloria
Rodriguez/Corp/Enron@Enron, Grace Kim/HOU/EES@EES, Greg Martin/HOU/ECT@ECT,
Hang Bui/HOU/ECT@ECT, Hans Oliver Pereira/HOU/EES@EES, Harry
Bucalo/HOU/ECT@ECT, Heather A Johnson/HOU/ECT@ECT, Heather Alon/HOU/ECT@ECT,
Hector Alviar/Corp/Enron@ENRON, Hector Campos/HOU/ECT@ECT, Henry Juniora S.
Montana/HOU/EES@EES, Homer Lin/HOU/ECT@ECT, Ibrahim
Qureishi/Corp/Enron@Enron, Irina Nekrasova/HOU/EES@EES, Israel
Estrada/Corp/Enron@ENRON, J Christopher Champion/LON/ECT@ECT, James
Marks/HOU/EES@EES, James Whitehead/Corp/Enron@ENRON, James
Wininger/NA/Enron@Enron, Jason R Wiesepape/HOU/ECT@ECT, Jason Thompkins/Enron
Communications@Enron Communications, Jayce Roundtree/NA/Enron@Enron, Jeanie
Miller/Corp/Enron@ENRON, Jean-Sebastien Fontaine/Corp/Enron@Enron, Jeffrey
Oh/PDX/ECT@ECT, Jeffrey Snyder/Corp/Enron@Enron, Jennifer
McQuade/NA/Enron@Enron, Jennifer Reside/HOU/ECT@ECT, Jennifer S
Keith/HOU/EES@EES, Jennifer N Stewart/NA/Enron@Enron, Jerald
Surface/HOU/EES@EES, Jeremy Lo/HOU/EES@EES, Jim Gardner/Enron
Communications@Enron Communications, Jin Guo/HOU/ECT@ECT, Jodi
Thrasher/HOU/EES@EES, Jody Crook/Corp/Enron@ENRON, Joey
Esperance/LON/ECT@ECT, John Hudson/HOU/EES@EES, John Lang/HOU/EES@EES, John
Weakly/Corp/Enron@ENRON, Jonathan Anderson/HOU/EES@EES, Jonathan
Hoff/HOU/ECT@ect, Jonathan Roumel/Enron Communications@Enron Communications,
Jonathon Pielop/HOU/ECT@ECT, Joseph Piotrowski/NA/Enron@Enron, Juan
Padron/NA/Enron@Enron, Julie Davidson/HOU/EES@EES, Julie Ferrara/HOU/ECT@ECT,
Justin Day/HOU/EES@EES, Justin O'Malley/HOU/EES@EES, Justin
Rostant/HOU/ECT@ECT, Justyn Thompson/Corp/Enron@Enron, Karen
Herrmann/NA/Enron@Enron, Karla Compean/HOU/ECT@ECT, Katie
Stowers/HOU/ECT@ECT, Kendell Sprott/HOU/EES@EES, Kenneth
Chow/ET&S/Enron@Enron, Kent McNellie/HOU/ECT@ECT, Kevin Ashby/NA/Enron@Enron,
Khristina Griffin/NA/Enron@Enron, Kim Womack/Enron Communications@Enron
Communications, Kimberly Ketchum/NA/Enron@Enron, Kourtney Nelson/PDX/ECT@ECT,
Kreg Hall/HOU/ECT@ECT, Kristen Quinn/NA/Enron@Enron, Larry F
Campbell/NA/Enron@Enron, Lauren Schlesinger/HOU/EES@EES, Leah
Stephens/Corp/Enron@ENRON, Lena Zhu/Enron Communications@Enron
Communications, Leon Branom/Corp/Enron@ENRON, Lin Yin/Corp/Enron@Enron,
Lindsay Renaud/HOU/EES@EES, Lisa Gillette/HOU/ECT@ECT, Luis
Mena/NA/Enron@Enron, Luis Velez/NA/Enron@Enron, Marcus Edmonds/HOU/EES@EES,
Marcus Edmonds/HOU/EES@EES, Maria Tefel/NA/Enron@Enron, Marissa Womble/Enron
Communications@Enron Communications, Mark Mixon/NA/Enron@Enron, Marsha
Francis/Corp/Enron@Enron, Martin
Sonesson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mason Hamlin/HOU/ECT@ECT, Mateo
Vegalara/Enron Communications@Enron Communications, Matthew
Almy/NA/Enron@ENRON, Matthew Jachimiak/HOU/ECT@ECT, Matthew
Lenhart/HOU/ECT@ECT, Mauricio Trejo/NA/Enron@Enron, Melanie
Gaar/NA/Enron@ENRON, Melanie King/Enron Communications@Enron Communications,
Micah Hatten/HOU/EES@EES, Michael Benien/Corp/Enron@ENRON, Michael
Kolman/HOU/ECT@ECT, Michael M Driscoll/PDX/ECT@ECT, Michael
Olsen/NA/Enron@Enron, Michael Simmons/HOU/ECT@ECT, Michael
Spruiell/HOU/EES@EES, Michelle Gross/HOU/EES@EES, Michelle
Thompson/NA/Enron@Enron, Michelle Waldhauser/Corp/Enron@Enron, Michelle
Zhang/HOU/ECT@ECT, Millie Gautam/HOU/EES@EES, Misti Day/HOU/ECT@ECT, Mog
Heu/NA/Enron@Enron, Molly Hellerman/Corp/Enron@ENRON, Monika
Causholli/PDX/ECT@ECT, Nate Blackburn/NA/Enron@Enron, Nathan Lang/Enron
Communications@Enron Communications, Neithard Foley/HOU/EES@EES, Niclas
Egmar/HOU/EES@EES, Nicole Alvino/HOU/ECT@ECT, Otis Wathington/HOU/EES@EES,
Paul Gregory/HOU/ECT@ECT, Paul Tan/NA/Enron@Enron, Peter
Bennett/Corp/Enron@ENRON, Peter Ward/HOU/EES@EES, Petual
Jeanmard/Corp/Enron@Enron, Phillip Berry/HOU/EES@EES, Priya Jaisinghani/Enron
Communications@Enron Communications, Purvi Patel/HOU/ECT@ECT, Rachana
Iyengar/HOU/EES@EES, Rafael Avila/HOU/EES@EES, Ragan Dolezal/NA/Enron@Enron,
Rahmaan Mwongozi/Corp/Enron@ENRON, Rahul Seksaria/Corp/Enron@ENRON, Rajan
Oommen/NA/Enron@ENRON, Raul Yzquierdo/Enron Communications@Enron
Communications, Ravi Mujumdar/NA/Enron@Enron, Reagan Mathews/Enron
Communications@Enron Communications, Rebecca Walker/NA/Enron@Enron, Reginald
Smith/HOU/EES@EES, Reza Rezaeian/Corp/Enron@ENRON, Ricardo
Perez/NA/Enron@Enron, Rob Black/Enron Communications@Enron Communications,
Roberto Martinez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robin
Rodrigue/HOU/ECT@ECT, Roger Persson/HOU/EES@EES, Roman
Zadorozhny/HOU/ECT@ECT, Russell Ballato/NA/Enron@Enron, Russell T
Kelley/HOU/ECT@ECT, Ryan Deane/HOU/ECT@ECT, Ryan Hinze/Corp/Enron@ENRON, Ryan
Synnott/HOU/ECT@ECT, Ryan Taylor/NA/Enron@Enron, Sabina Rank/NA/Enron@Enron,
Sachin Gandhi/NA/Enron@Enron, Samantha Bryce/NA/Enron@ENRON, Samar
Khleif/ENRON@Gateway, Samuel Pak/Corp/Enron@ENRON, Sanjay
Patel/NA/Enron@Enron, Sara Weaver/HOU/EES@EES, Sarah Mulholland/HOU/ECT@ECT,
Sarah Shimeall/HOU/EES@EES, Sarah Taylor/NA/Enron@Enron, Savithri
Hospeti/NA/Enron@Enron, Sebastien Bouvier/HOU/EES@EES, Selena
Gonzalez/HOU/ECT@ECT, Shahid Shah/NA/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT,
Shanna Husser/Corp/Enron@Enron, Sharon Hausinger/HOU/EES@EES, Sheetal
Patel/HOU/ECT@ECT, Shelia Benke/Corp/Enron@Enron, Shilpa
Chunchu/Corp/Enron@ENRON, Shilpa Mane/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Shiraz Rehman/NA/Enron@Enron, Shirley Gail Sidler/Corp/Enron@ENRON, Simone La
Rose/HOU/ECT@ECT, Song Gao/NA/Enron@Enron, Sonia Balboa/NA/Enron@Enron, Stacy
Dunegan/Corp/Enron@ENRON, Stephanie Segura/HOU/ECT@ECT, Steve
Hirsh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Suresh Vasan/Enron
Communications@Enron Communications, Susan M Scott/HOU/ECT@ECT, Susan
Rance/NA/Enron@Enron, Tara Piazze/NA/Enron@ENRON, Ted Huang/Enron
Communications@Enron Communications, Terrance Pinckney/NA/Enron@Enron,
Timothy Blanchard/HOU/EES@EES, Timothy Coffing/HOU/EES@EES, Tobin
Carlson/HOU/ECT@ECT, Todd Richards/Corp/Enron@ENRON, Todd Van Roten/Enron
Communications@Enron Communications, Tom Baldwin/HOU/EES@EES, Travis
Andrews/HOU/EES@EES, Travis Hansen/HOU/EES@EES, Travis Winfrey/HOU/ECT@ECT,
Tricia Escueta/HOU/EES@EES, Tyrell Harrison/NA/Enron@Enron, Usman
Shaukat/NA/Enron@Enron, Veronica Hill/NA/Enron@Enron, Victor
Guggenheim/HOU/ECT@ECT, Will Chen/Enron Communications@Enron Communications,
William St. John/HOU/EES@EES, Yan Jin/Enron Communications@Enron
Communications, Yevgeny Frolov/Enron Communications@Enron Communications,
Yvette Parker/Corp/Enron@ENRON, Zachary McCarroll/Enron Communications@Enron
Communications, Zaib Iqtidar/Corp/Enron@Enron, Zal Masani/Enron
Communications@Enron Communications, Zeina El-Azzi/Corp/Enron@ENRON
cc: Aamir Maniar/NA/Enron@Enron, Abrar Sait/Enron Communications@Enron
Communications, Ahmet Kose/HOU/EES@EES, Akasha Redrick/Corp/Enron@Enron,
Alhamd Alkhayat/NA/Enron@ENRON, Ali
Khoja/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andre
Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea Larsen/HOU/AZURIX@AZURIX,
Andres Balmaceda/NA/Enron@ENRON, Andrew Miles/NA/Enron@Enron, Andy
West/NA/Enron@Enron, Ann Korioth/Enron Communications@Enron Communications,
Banu Ozcan/Corp/Enron@Enron, Barry Lewis/HOU/ECT@ECT, Benjamin
Rogers/HOU/ECT@ECT, Betsy Bassis/Enron Communications@Enron Communications,
Bill Heidecker/HOU/EES@EES, Billy Braddock/Enron Communications@Enron
Communications, Bora Bariman/Enron Communications@Enron Communications, Brad
Hitch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brando Hayden/HOU/ECT@ect, Brandon
Neff/HOU/EES@EES, Brent Vasconcellos/Corp/Enron@ENRON, Bret
Scholtes/Corp/Enron@Enron, Brian Blakely/Enron Communications@Enron
Communications, Brian Hendon/Enron Communications@Enron Communications, Brian
Wood/Enron Communications@Enron Communications, Bruno Messer/HOU/EES@EES,
Bryan Garrett/Enron Communications@Enron Communications, Bryan Williams/Enron
Communications@Enron Communications, Carlos
Contreras/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carlos Gorricho/HOU/EES@EES,
Carlos Alatorre/NA/Enron@Enron, Catherine Clark/HOU/ECT@ECT, Cecilia
Turriago/NA/Enron@Enron, Chad Pennix/HOU/ECT@ECT, Charles Barker
Varnell/DEN/ECT@Enron, Charles Wickman/NA/Enron@Enron, Cheryl
Ingstad/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris Loehr/HOU/ECT@ECT, Chris
Dorland/CAL/ECT@ECT, Chris Figueroa/HOU/EES@EES, Christopher
Ahn/NA/Enron@Enron, Chu Chu Wang/Corp/Enron@Enron, Chulley
Bogle/Corp/Enron@Enron, Claude Tellis/NA/Enron@Enron, Claudio
Ribeiro/Corp/Enron@Enron, Cooper Richey/PDX/ECT@ECT, Cybele
Henriquez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel Brown/NA/Enron@Enron,
Daniel Ferrell/NA/Enron@Enron, Daniella Carneiro/Corp/Enron@ENRON, Darren
Maloney/Corp/Enron@ENRON, David Case/Enron Communications@Enron
Communications, David Frost/Enron Communications@Enron Communications, David
Guillaume/NA/Enron@Enron, David
Hernandez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Maskell/Enron
Communications@Enron Communications, David Loosley/NA/Enron@Enron, David
Mitchell/HOU/ECT@ECT, Davis Thames/Enron Communications@Enron Communications,
Dax Sanders/HOU/AZURIX@AZURIX, Derrick Ross/HOU/ECT@ECT, Di Mu/Enron
Communications@Enron Communications, Dorothy Woster/Enron
Communications@Enron Communications, Doug Sewell/HOU/ECT@ECT, Douglas
Seaworth/HOU/EES@EES, Dustin Collins/HOU/ECT@ECT, Edmund
Gaither/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Eduardo Gil/HOU/EES@EES, Eduardo
Tellechea/HOU/EES@EES, Elizabeth Howley/Corp/Enron@ENRON, Elizabeth
Peters/HOU/EES@EES, Enrique Lenci/HOU/EES@EES, Eric Feitler/HOU/EES@EES, Eric
Bass/HOU/ECT@ECT, Erica Bess/Corp/Enron@Enron, Erik Eller/Enron
Communications@Enron Communications, Erwin Landivar/SA/Enron@Enron, Esben
Pedersen/Enron Communications@Enron Communications, Eva Rainer/HOU/ECT@ECT,
Evan Betzer/Enron Communications@Enron Communications, Fabricio
Soares/HOU/ECT@ECT, Farhad Ahad/Corp/Enron@Enron, Farzad
Farhangnia/HOU/ECT@ECT, Fatimata Liamidi/NA/Enron@Enron, Felipe Jens/Enron
Communications@Enron Communications, Gaurav Babbar/HOU/ECT@ECT, Gauri Sohoni
Khokha/HOU/ECT@ECT, Gautam Gupta/HOU/ECT@ECT, George Zivic/HOU/ECT@ECT,
George Huan/HOU/EES@EES, Gillian Johnson/NA/Enron@Enron, Giuseppe
Paleologo/Enron Communications@Enron Communications, Glenn Surowiec/Enron
Communications@Enron Communications, Grant Zimmerman/Enron
Communications@Enron Communications, Gray Calvert/PDX/ECT@ECT, Gwyn
Koepke/NA/Enron@Enron, Heriberto Murillo/Enron Communications@Enron
Communications, Humberto Cubillos-Uejbe/HOU/ECT@ECT, Ilan
Caplan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Imad Tareen/Corp/Enron@Enron,
Inderpal Singh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jaime Araoz/HOU/EES@EES,
Jaime Gualy/Enron Communications@Enron Communications, James
Pyke/AP/Enron@Enron, Jason Althaus/Corp/Enron@Enron, Jason
Seigal/HOU/ECT@ECT, Javier Li/HOU/EES@EES, Jay Epstein/HOU/ECT@ECT, Jay
Hawthorn/Enron Communications@Enron Communications, Jay Sparling/HOU/EES@EES,
Jebong Lee/Enron Communications@Enron Communications, Jeff M
Gray/NA/Enron@ENRON, Jennifer Martinez/HOU/ECT@ECT, Jennifer
Milligan/HOU/ECT@ECT, Jennifer Newbrough/HOU/ECT@ECT, Jennifer
Smith/HOU/EES@EES, Jennifer Bagwell/NA/Enron@ENRON, Jim
Cole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joana
Ryan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Gordon/Corp/Enron@Enron, John B
Gordon/NA/Enron@Enron, John Choi/Enron Communications@Enron Communications,
John Massey/HOU/ECT@ECT, John Howton/HOU/ECT@ect, John Van Gelder/Enron
Communications@Enron Communications, Jonathan Schube/Enron
Communications@Enron Communications, Joseph Wagner/NA/Enron@Enron, Josephine
Lin/Enron Communications@Enron Communications, Joshua
King/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Juan Cabrales/NA/Enron@Enron, Juan
Pazos/HOU/EES@EES, Juan Samudio/HOU/ECT@ECT, Jun Wang/Enron
Communications@Enron Communications, Justin Chola/Corp/Enron@ENRON, Justin
Cornett/Enron Communications@Enron Communications, Kate Lucas/HOU/ECT@ECT,
Kelley McIntyre/NA/Enron@Enron, Kelli Little/NA/Enron@Enron, Kelly
McCoy/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT, Kevin
Ruscitti/HOU/ECT@ECT, Key Kasravi/Enron Communications@Enron Communications,
Kim Stanley/NA/Enron@Enron, Kyu-Bong Lee/NA/Enron@Enron, LaRence
Snowden/Enron Communications@Enron Communications, Laura Wente/HOU/ECT@ECT,
Laurie Miller/Corp/Enron@Enron, Leonardo Pacheco/Corp/Enron@Enron, Lewis
Worthy/HOU/ECT@ECT, Li Sun/NA/Enron@Enron, Lino Mastrangelo/Corp/Enron@Enron,
Lisa Connolly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Livia
Benavides/HOU/EES@EES, Loftus Fitzwater/HOU/EES@EES, Marc
Sabine/NA/Enron@ENRON, Marc Eichmann/Corp/Enron@ENRON, Marc
Poulson/HOU/ECT@ECT, Margaret Maddox/NA/Enron@Enron, Margaret
Rhee/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margarita
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria Arefieva/NA/Enron@ENRON,
Marilyn Baker/Enron Communications@Enron Communications, Mario Alonso/Enron
Communications@Enron Communications, Mark Castiglione/Corp/Enron@ENRON, Mark
Dypiangco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Gandy/Enron
Communications@Enron Communications, Mark Schlueter/NA/Enron@Enron, Martin
Gonzalez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin Lin/HOU/ECT@ECT, Mary
John/HOU/EES@EES, Massimo Marolo/NA/Enron@Enron, Matt Smith/NA/Enron@ENRON,
Mauricio Mora/NA/Enron@Enron, Meera Natarajan/Enron Communications@Enron
Communications, Michael Flanigan/Corp/Enron@Enron, Michael
Garberding/HOU/ECT@ECT, Michael Ratner/OTS/Enron@Enron, Michael Sergeev/Enron
Communications@Enron Communications, Michael Wong/SF/ECT@ECT, Miguel
Vasquez/HOU/ECT@ECT, Mike E Kelly/NA/Enron@Enron, Milind Pasad/HOU/ECT@ECT,
Milson Mundim/Enron Communications@Enron Communications, Mo Bawa/Enron
Communications@Enron Communications, Murli Nagwani/Enron Communications@Enron
Communications, Nathan Will/Enron Communications@Enron Communications, Naveed
Ahmed/NA/Enron@Enron, Neerav Nanavaty/Enron Communications@Enron
Communications, Nelson Wu/Enron Communications@Enron Communications, Nicole
Palczer/Enron Communications@Enron Communications, Nikhil Shah/Enron
Communications@Enron Communications, Olalekan Oladeji/NA/Enron@Enron, Palmer
Letzerich/Enron Communications@Enron Communications, Patrick
Markey/HOU/ECT@ECT, Pauline Reyes/Enron Communications@Enron Communications,
Pearce W Hammond/Corp/Enron@ENRON, Pedro
Blanco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Philip Durst/HOU/ECT@ECT, Philip
Polsky/NA/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, Rajesh
Chettiar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Reagan
Rorschach/NA/Enron@Enron, Rene Bisono/Enron Communications@Enron
Communications, Richard A Lassander/HOU/AZURIX@AZURIX, Richard
Schneider/Enron Communications@Enron Communications, Richard
Yeboah/NA/Enron@Enron, Rob Brown/NA/Enron@Enron, Roberto
Conterno/HOU/EES@EES, Roshena Ham/NA/Enron@Enron, Ross
Mesquita/NA/Enron@ENRON, Ross Prevatt/HOU/ECT@ECT, Russell
Dyk/Corp/Enron@ENRON, Sanjay Konur/NA/Enron@Enron, Santiago
Garcia/NA/Enron@Enron, Sarah Goodpastor/Enron Communications@Enron
Communications, Scott Baukney/NA/Enron@Enron, Scott Griffin/NA/Enron@Enron,
Scott W Beilharz/HOU/EES@EES, Sean Keenan/HOU/ECT@ECT, Sean
Kiehne/HOU/EES@EES, Sebastian Corbacho/ET&S/Enron@Enron, Seth
Hurwitz/Corp/Enron@Enron, Seung-Taek Oh/NA/Enron@ENRON, Sharad
Malhotra/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Simone Scott
Walker/Corp/Enron@ENRON, Stanton Ray/HOU/ECT@ECT, Stephanie
Kimble/HOU/EES@EES, Stephen Plauche/Corp/Enron@Enron, Stephen
Benchluch/HOU/EES@EES, Steve Gim/NA/Enron@Enron, Steve
Jacobellis/NA/Enron@Enron, Ted Noble/HOU/ECT@ECT, Teresa Dyar/NA/Enron@Enron,
Terri Denning/Corp/Enron@Enron, TJ Rylander/Enron Communications@Enron
Communications, Todd B Hattenbach/NA/Enron@Enron, Todd Neugebauer/Enron
Communications@Enron Communications, Tony Wolfe/Enron Communications@Enron
Communications, Tracee Bersani/HOU/ECT@ECT, Ursula Brenner/HOU/EES@EES, V
Charles Weldon/HOU/ECT@ECT, Valter Stoiani/Corp/Enron@ENRON, Vicky
Ha/SF/ECT@ECT, Victor Browner/HOU/ECT@ECT, Victor M Gonzalez/NA/Enron@ENRON,
Vikas Dwivedi/NA/Enron@Enron, Vikram Kulkarni/HOU/EES@EES, Vincent
Wagner/NA/Enron@Enron, Virawan Yawapongsiri/NA/Enron@ENRON, Vladi
Pimenov/NA/Enron@Enron, William Keeney/HOU/ECT@ECT, Ying Liu/NA/Enron@ENRON,
Yuan Tian/ET&S/Enron@ENRON, Zachary Sampson/NA/Enron@ENRON, Cheryl
Kuehl/Corp/Enron@ENRON, Jana Giovannini/HOU/ECT@ECT, Shelly
Butler/HOU/ECT@ECT, Julie Braly/NA/Enron@ENRON, Dolores Muzzy/HOU/ECT@ECT
Subject: A/A Halloween Happy Hour - Reminder

Don't forget to RSVP!! If you haven't already done so, please send an email
to Priya Jaisinghani to confirm your attendance for next Thursday!

Thank you, and see you there!

---------------------- Forwarded by Julie Davidson/HOU/EES on 10/18/2000
02:20 PM ---------------------------
From: Analyst Advisory Board on 10/16/2000 04:57 PM
Sent by: Julie Davidson
To:
cc:

Subject: Halloween Happy Hour - Please read!

Drink tickets will be distributed at the Continental Club on October 26th,
and not at Dolores Muzzy's desk, as previously announced.  Please RSVP to
Priya Jaisinghani by email, no later than Tuesday, October 24, to confirm
your attendance!

Thank you.


Good job on this.


Jim:  The draft memo on power is attached.  Lots more work to do.  Let me
know if you want to discuss further.

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 12/13/2000 02:33 PM -----

	Elizabeth Sager
	12/13/2000 10:55 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Chart - Power risk areas

Mark

Attached is a draft of the chart of power risks.  Let me know if there is
anything else you would like me to do on this.  We are still in the process
of reviewing top exposures with credit.

Elizabeth 36349


I spoke with the Lehman lawyer who will call me back this evening with
comments.
Rod:  Daniel Goldhagen is their credit officer.


Corry,

The tools listed below should be sufficient to serve the MDEA deal:

1.  OATI
2.  MetrixND
3.  Historical Load, Weather Spreadsheets and SOP:
	A.  M:\Eservices\MDEA\MDEA Load forecasting\*.*
	B.  M:\Eservices\Appilications\saveloadtodatabase.xls
	C.  M:\Eservices\MDEA\MDEA Load forecasting\SOP 13 MDEA Forecast.doc

4.  Delphi Application:  M:\Eservices\Applications\Services.exe
	(Contains all contact phone numbers)

5.  Telephone & computer

Sorry for the delay,

Don


Attached are the Mgmt. Summary, Hot List, and Metrics for the week and quarte
ending 7/27/00.  Beginning next week we will be posting this information to
the Executive Reports Viewer.


Thanks
Chip Cox|PDX|ECT wrote on 7/24/00 8:34 am:

>Hi Mary, I'm not sure if the
>IT purchasing dept. sent you
>this email, I just wanted to
>make sure you were aware
>that this item is not in stock.
>If you have any questions
>about time of delivery send
>Eileen Buerkert an email and
>hopefully she'll have an ETA
>for you. Thanks Mary,
>chip
>----------------------
>Forwarded by Chip
>Cox/PDX/ECT on
>07/24/2000 08:39 AM
>---------------------------
>
>
>Eileen Buerkert@ENRON
>07/24/2000 08:29 AM
>To: Chip
>Cox/PDX/ECT@ECT
>cc:
>
>Subject: The equipment
>you ordered is on order.
>
>--- Automatic Notification
>System ( Request #:
>ECTH-4MFVMH, PO #:
>2007725 )
>
>The equipment for your
>order (see below) was not in
>stock. Please allow 5 to 7
>days for procurement. You
>will be notified when the
>equipment arrives.
>
>--- PORT REPLICATOR FOR
>LIBRETTO 110CT          --- for
>Mary Hain


Just wanted to let you know the problem we are running into with EOL.

John

 -----Original Message-----
From: 	Smith, Will
Sent:	Monday, February 04, 2002 10:33 AM
To:	Postlethwaite, John
Subject:	RE: quick question regarding EOL Administration

I am not sure.  If not I will be sure to brief Steve on all of the issues involved.

Will

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Monday, February 04, 2002 12:32 PM
To:	Smith, Will
Subject:	RE: quick question regarding EOL Administration

Thanks Will. Are you going to be at that meeting?

John

 -----Original Message-----
From: 	Smith, Will
Sent:	Monday, February 04, 2002 10:31 AM
To:	Postlethwaite, John; Chang, Fran
Cc:	White, Stacey W.; Reeves, Kathy; Lozano, Melba; Nat, Steve
Subject:	RE: quick question regarding EOL Administration

John,

Currently, there is no way we can meet this need.  The information we get from EOL does not include a desk id and we must determine the id based on the criteria given below.

There are two possible solutions
1)  Add one or more other fields as criteria for determining the desk.
2)  Have EOL send the desk id in the bridge message.

Although I cannot speak for EOL IT, I suspect that solution 2 would be very involved.  I doubt that traders are even able to select a desk when creating a product in EOL.  Melba, can you verify this fact?

If option 1 is doable from a business perspective, we will need to discuss further the changes and timeline involved for IT.  This issues should be raise in the meeting with Steve Nat tomorrow.

Regards,
Will

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Monday, February 04, 2002 12:12 PM
To:	Chang, Fran; Smith, Will
Cc:	White, Stacey W.; Reeves, Kathy
Subject:	RE: quick question regarding EOL Adminstration

Will, due to the changing circumstances, the West and Canada have traders using multiple books, multiple regions for phys and Fin. Can we work around this or make a change that would not be too complicated?

John

 -----Original Message-----
From: 	Chang, Fran
Sent:	Monday, February 04, 2002 10:08 AM
To:	Postlethwaite, John
Subject:	FW: quick question regarding EOL Adminstration

 -----Original Message-----
From: 	Smith, Will
Sent:	Monday, February 04, 2002 10:07 AM
To:	Chang, Fran; Luu, Duong
Subject:	RE: quick question regarding EOL Adminstration

Fran,

All deals from EOL are mapped to a desk in EnPower following these rules:

There cannot be more than one desk for any combination of
Trader
Region
Nature (Phys/Fin)

Therefore, you can have a trader with different books, so long as either the Region or Nature is different.

Let me know if you have any other questions.

Will

 -----Original Message-----
From: 	Chang, Fran
Sent:	Monday, February 04, 2002 11:23 AM
To:	Smith, Will; Luu, Duong
Subject:	quick question regarding EOL Adminstration

Hi, Duong Luu and Will:

We are trying to add Tim Belden in EOL Adminstration (under Enpower) to be the Trader of "NETCO Long Term Southwest" after I have added him as the trader for "NETCO Long Term California",  but I kept getting below error message:

ORA-00001: unique constraint (PWR.PK_DEAL_DEFAULT_DESKS) violated

Is this because we cannot have any individual to be the trader of more than one west book?

Please advise.

Thanks,

Fran


You're a peach!!! (I'm really cheesy sometimes, I hope Carla warned you.)

   Kate Symes @ ECT                12/08/2000 10:08 AM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Deal #471740 Mieco

It's done!

Thanks,
Kate

Kimberly Hundl@ENRON
12/08/2000 06:51 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Deal #471740 Mieco

Please go ahead and change it. -Thanks!

   Kate Symes @ ECT                12/07/2000 05:24 PM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Deal #471740 Mieco

This should be changed to CAISO energy. Please let me know what you'd like me
to do - change the deal or wait.

Thanks,
Kate

Kimberly Hundl@ENRON
12/07/2000 03:25 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal #471740 Mieco

This deal is in "Pending - revised after sent to Ctrpty" status.  Some
changes have been made to the deal, but it still has an SP-15 delivery point
with Firm Energy.  Can you please find out whether it's the delivery pt. or
the energy type that is wrong?
Thanks for your help!
Kim


Please review the Jan tab within the attached worksheet for the outstanding
variances between the General Ledger and the Risk Profit & Loss as of January
31, 2001.

Please let me know if you need additional information on the variances shown.

Best regards,

Rachel Crowell


Steve - here is a brief update.  The answer to the question on why exchanges
should remain regulated, while we stay unregulated.  The answer is:  "Enron
provides a variety of risk manangement services to our customers, but these
are not futures contracts which the CFTC has primary jurisdiction to
regulate.  We offer swaps, hubrids, etc., but no futures".  The CFTC does
maintain anitfraud and manipulation authority if market abuses are discovered.

Let me know when you have time to make the call to Chairman Combest sometime
on Monday AM.

Thanks- Chris
---------------------- Forwarded by Chris Long/Corp/Enron on 09/22/2000 05:47
PM ---------------------------

RAISLERK@sullcrom.com on 09/22/2000 04:59:21 PM
To: goetscrj@bp.com, kneenjm@bp.com, mcadammj@bp.com,
elaine@citizenspower.com, clong@enron.com, csandhe@enron.com,
Mark.E.Haedicke@enron.com, mark.taylor@enron.com, laurie.ferber@gs.com,
hall2r@kochind.com, lanced@kochind.com, william.mccoy@msdw.com,
steven.kline@pge-corp.com, schindlg@phibro.com, mgoldstein@sempratrading.com
cc:

Subject: Update on CEA Modernization

Chris Long (Enron) and I spent yesterday on Capitol Hill.  We met with House
Agriculture Committee Minority and Majority Staff, Senate Banking Committee
Staff and Senate Agriculture Committee Staff.  The bill clearly is moving and
there is a good chance it will go to the Floor of the House next week.  The
bilateral exemption for physical commodities (non-agricultural commodities)
is accepted and should be secure.  We have problems with the electronic
trading facility exemption for physical commodities.

House

The House Agriculture Committee remains inclined to exclude metals from the
exemption.  We are working with the Commerce Committee (which has not
excluded metals) to change that result.

Senate

We have a much more severe problem in the Senate.  Senate democrats led by
Senator Harkin are very concerned to go against the CFTC in favor of big
energy companies.  They want the CFTC to endorse the exemption.
Unfortunately, as you are aware, the CFTC (recently the Chairman himself)
have been heavily lobbying against the exemption.  We are working with staff
and will keep you posted.

We have prepared talking points and bullets which are still in draft to
distribute to the Hill.  I would appreciate your comments on them and your
thoughts.

----------------------------------

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - Bullets.doc
 - H.R. 4541 Energy Group Talking Points.doc


Kevin,

No problem.

Vince

Kevin G Moore
07/12/2000 01:20 PM
To: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT
cc:
Subject: Lunch for Staff Meeting July 20th

 July 20th we will celebrate Shirley's birthday therefore I asked her
if she would mind if I ordered lunch for the staff meeting whereby she
can relax during that  time period. (without pressure to get the lunch ready)

On July 20th I would like too  have a different caterer for our lunch ,they
will basically
serve the same menu with a different style hopefully the group will enjoy
the meal.

The menu will include : assorted sandwiches
                                                         chips
                                                        soup
                                                     Iced Tea

                       (vegetarian sandwiches included)

Please Vince, inform me if this is okay !

                      Thanks
                          Kevin Moore

F.Y.I.       the price range is very close to what Marriott charges per person


_____

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HOUSTON CHRONICLE ARCHIVES

Paper: Houston Chronicle
Date: TUE 06/05/01
Section: HOUSTON
Page: 8
Edition: 2 STAR

TEXAS GETS CAUGHT UP IN A POWER PLAY /Energy Alley to blame for California's woes?

By ANN HODGES, Houston Chronicle TV Critic
Staff

Frontline joins hands with the New York Times tonight, to jump into what California Gov. Gray Davis has turned into a marathon news blast at Texas, and at Houston, over his state's energy woes.

Frontline : Blackout, airing at 10 tonight, should have Davis and his bash-Texas troops giving each other high fives.

In its opening minutes, Frontline 's narration sets a tone for Texas-bashing:

"Investigators (otherwise unidentified) claim that a handful of energy companies siphoned billions from consumers while the lights (in California) were out.

"If you want to understand the story of electric power in America today, you have to follow the electrons and follow the money. It's a story that starts here, in Houston, Texas."

The blame game is in high gear, as Frontline 's dust-up hovers over Houston.

Houston's Energy Alley, home of "electric cowboys" (Frontline 's words), is the focus of this "follow-the-money" trail.

And Ken Lay, chairman of Enron, "the 800-pound gorilla" in the Alley, gets the major grilling in its high-powered interview hot seat, along with Enron CEO Jeff Skilling.

Interviewees also include Vice President Dick Cheney, California and federal officials, other company executives, industry insiders and what Frontline calls "whistle-blowers."

Politics and finger-pointing fuel charges and countercharges, with Frontline correspondent and New York Times contributor Lowell Bergman conducting the interviews, and an off-camera narration spinning the sound and fury.

With blackouts expected to hit New York this summer, "the entire country will soon be short on power," Frontline asserts to set the stage.

"The generators have made more money than God. I mean, they've made 7, 8, 900 percent profit," Davis charges.

"Now that a fellow Texan sits in the White House," Frontline says, "the companies on Energy Alley are hoping things will only get better. . . . Lay is a personal friend and big backer of President Bush, and he and his executives have been the Bush family's most generous contributors. . . . "

"There are a few of us that are still maybe idealistic enough to think that we can kind of support a candidate because we really believe in the individual," Lay counters. "We believe in their policies. We believe in the direction they are going to take the country."

El Paso Corp., the largest natural gas company, gets its lumps, too, from California officials. The Federal Energy Regulatory Commission (FERC) was ready to dismiss California's complaint of price manipulation at the state's borders, Frontline says, "until Frontline and the New York Times obtained sealed documents revealing discussions at El Paso's highest levels."

"Those documents are irrelevant," El Paso spokeswoman Peggy Heeg says.

Frontline passes its golden opportunity to lay out, clearly and concisely, both sides - what critics say are the self-inflicted origins of California's energy crisis, and California's charges of price-gouging and pleas for price caps. Instead, that information comes piecemeal, over the course of contentious and often-confusing exchanges.

To avoid retreat on deregulation, now in progress in 24 states, companies have begun to raise the possibility of settlement with California, Frontline reports. In Lay's opinion, "It's still going to take a comprehensive settlement of the whole issue, all the issues" - including money.

Give Frontline full credit for stepping in where no other TV news outlet has dared to tread in such depth. Something is surely better than nothing.

But this Frontline /New York Times team coverage effort does not cool the blame game. It sheds more heat than light.

Frontline : Blackout, 10 tonight, 9 p.m. June 12 on Channel 8. Grade: B.

Copyright notice: %3B All materials in this archive are copyrighted by Houston Chronicle Publishing Company Division, Hearst Newspapers Partnership, L.P., or its news and feature syndicates and wire services. No materials may be directly or indirectly published, posted to Internet and intranet distribution channels, broadcast, rewritten for broadcast or publication or redistributed in any medium. Neither these materials nor any portion thereof may be stored in a computer except for personal and non-commercial use.

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Just a reminder about the Storage meeting today, April 27.  It is still
scheduled for 3:00 pm in 30c1.
Thank you.

Geraldine Irvine

04/24/2000 11:44 AM
To: Zimin Lu/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Chris
Gaskill/Corp/Enron@Enron, Bhavna Pandya/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Sean Boyle/Corp/Enron@ENRON, Ed McMichael/HOU/ECT@ECT
cc: Mark Breese/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Airam
Arteaga/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT, Laura
Harder/Corp/Enron@Enron, Barbara Lewis/HOU/ECT@ECT
Subject: Storage Book/Luken's Storage Model

Please plan to attend a meeting on Thursday, April 27, from 3:00 - 5:00 p.m.
to discuss Luken's storage model and, more importantly, where we want to go
with a storage book.  This meeting will be in EB-30C1.

Any questions, contact Mark Breese (Ext. 3-6751) or Gerri Irvine (Ext.
3-6145).


Did George refuse to sign?
Needs to be a reason for the loss - what is it ?

 -----Original Message-----
From:  Abel, Chris
Sent: Thursday, June 21, 2001 4:08 PM
To: Murphy, Ted; Port, David; Schultz, Cassandra; Shankman, Jeffrey A.;
Whalley, Greg
Cc: Wilson, Shona; Hagelmann, Bjorn; Hall, D. Todd; Price, Brent A.
Subject: 6/20/01 EOL Crude 5 Day Cumulative Loss

This is a notification that a 5 Day Cumulative Loss ocurred for EOL Crude
24/7 Trading on June 20, 2001 in the amount of $4.7 million.  The limit
established for EOL Crude is $3.75 million.

No signature is required on this notification.

Chris Abel
x33102


<<Cal PX Contact List.DOC>>

> Prepared in anticipation of Litigation
>
> Here is a revised contact list for your review.  Some changes in email
> addresses were made, names corrected and late additions were added.
>
> Thanks
> Gary

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com

 - Cal PX Contact List.DOC


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

Thank you.

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

	Enron Capital & Trade Resources Corp.

	From:  "Jackie Gallagher" <JGallagher@epsa.org>
03/28/2001 08:16 AM

To: <bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<donna.fulton@enron.com>, <janelle.scheuer@enron.com>,
<jeff_brown@enron.com>, <jhartso@enron.com>, <jsteffe@enron.com>,
<Mary.Hain@enron.com>, <rshapiro@enron.com>, <sarah.novosel@enron.com>,
<tom.hoatson@enron.com>
cc:
Subject: REVISED Reg. Affairs Washington Staff Meeting- 12:30 p.m.

MEMORANDUM

TO: Regulatory Affairs Committee-Board and Associate Members Only
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy
            Mark Bennett, Senior Manager of Policy
            Erin Perrigo, Manager of Policy

DATE: March 28, 2001

RE: REVISED Regulatory Affairs Washington Staff Meeting-
      12:30 p.m.

Due to a conflict with another meeting, the Washington Regulatory Staff
meeting for tomorrow has been pushed back to 12:30 p.m.  If you have any
questions, please contact Jackie Gallagher at 202-628-8200 or
jgallagher@epsa.org.


fyi

 -----Original Message-----
From: 	Fulton, Donna
Sent:	Tuesday, October 09, 2001 4:16 PM
To:	Kean, Steven J.; Shapiro, Richard; Steffes, James D.; Robertson, Linda; Novosel, Sarah; Nicolay, Christi L.
Cc:	Lawner, Leslie; Cantrell, Rebecca W.; Calcagno, Suzanne
Subject:	FERC ALJ Initial Decision on El Paso affiliate abuse

The ALJ issued his initial decision on the CPUC complaint case today.  As was widely expected, he found that El Paso and its merchant affiliate, El Paso Merchant, were guilty of affiliate abuse.  However, he did not find clear evidence that they were exercising market power.

The ID is attached.


This is to remind you of the following meeting:

  Date:    August 20,2000
  Time:    1 pm - 4 pm
  Place:   EB3321
  Topic:   Energy Capital Resources QBR

Please contact either Kay (3x0643) or Beverly (5x7857) if you have any
questions or concerns


Patricia:  I can't thank you enough for arranging the many meetings and
introductions for the Enron legal group.  Lynn and I are extremely grateful
as it made our lives much easier and our jobs much more productive.  As
always, I am impressed with the variety and number of individuals with whom
you are so well connected.  At the moment, we are trying to finalize an
internal memorandum addressing the breadth of the tax issues currently
affecting our business in Argentina.  I would appreciate your comment on the
following two items:

(1)  Can you cite the law that provides the exemption or modification (not
sure which it is) that "financial institutions" are taxed (Gross Receipts) on
the spread?  Is it possible to see a copy? (I can probably have it translated)

(2)  I am unclear as to how the Stamp Tax would be calculated with respect to
Argentine local parties to an ISDA Master Agreement (crossborder trades) or a
local master swap agreement (local trades).  Execution of the master
agreement itself does not evidence any transaction.  Even when any
transaction is executed, you are unable to determine net payments owed by
either party until termination of the deal.  Brent thinks that the tax will
be based on the product of the [Fixed Price  X volume X term] even though the
master agreement will merely provide for netting.  Can you verify?

Give my regards to Pablo.

I look forward to hearing from you.  Regards.  Sara


Rebecca,,

Attached, for your information, is  a copy of a general presentation that I
prepared to illustrate and describe EGM's businesses.  This is a presentation
that will become a "living" document to communicate our businesses and
growth.  I will be making numerous changes as we move closer to the analyst
meeting in January but I wanted to give everyone a copy of this version.

Please don't hesitate to call me if you have any questions or comments.

Mike


Let me think about this.
I love you.
Mom


Professor,

As part of the assignment you ask us to evaluate the time series changes of
Home
Depot's profitability relative to previous years (last question in section
b.).
However, given that we have only 2 fiscal years of balance sheet data we can
only calculate one year of ratios (ROA, ROE, etc).  How are we to answer the
question given our dilemma?

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax


Dear Ken,

I plan to be in Houston on Monday and Tuesday next week.   If you are
available, I'd like to discuss your interest and activities in Spain with
you.    I'll ask my assistant, Millie, to call your office to see what works
with your schedule.

Regards,
Frank Lorenzo


Hello,

The new INC and Service Sheets are now located in P:\Realtime\INCREMENT.
Please use these and not the ones in the old locations.  There have been some
changes made that should make it easier for everyone to track and find
information.  The new sheet is in database format and will be uploaded into a
database that can be queried and requeried.  Please let me know if you have
any questions or enhancements.  As it stands now we need to coordinate any
changes with IT as they are building on these worksheets.

Major changes that you need to note.

1.  No longer will we double report information on the service and the inc
sheet.  It doesn't matter what sheet it is on as they are the same format but
there should only be one entry per deal.

2.  We need to use naming conventions when it comes to counterparties.  In
order to properly execute queries there can only be one name per
counterparty.  This mean that Montana will always be MPC and so on.  If you
are the first person to use a counterparty be aware that you are the
precedent.  Be careful with this.

3.  If we are doing a deal for a service customer we need to put a Y in the
SERVICE_CUST field.  This will replace the customer field and will enable us
to calculate service revenue quickly.

4.  If we are selling to California over $150 we must check the FERC_FILE
field with a Y.  This is very important.

5.  A new field exists for ISO and PX global and resource ID's.  Please use
these.

6.  Do not use a #number sign before the Enpower deal numbers.  This will
break the upload, also they are no longer necessary to hold the comma.

Everything else should be explanatory.  I broke up the the cong, transmission
charges, and fees into separate fields.

Please let me know if you have any questions.

Thanks,
Holden


Vince- Kristin mentioned that you might be interested in receiving our daily
updates on the California situation.  Hope that you are doing well and let us
know if you require any additional information.

RJ
---------------------- Forwarded by Robert Johnston/HOU/ECT on 01/16/2001
08:08 AM ---------------------------

Robert Johnston
01/15/2001 09:10 PM
To: Michelle D Cisneros/HOU/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Jaime Gualy/NA/Enron@Enron, John Greene/LON/ECT@ECT,
Jeff Kinneman/HOU/ECT@ECT, Kristin Walsh/HOU/ECT@ECT, Scott
Tholan/Corp/Enron@Enron
Subject: California Power 1/15/01

As talks continued toward the Tuesday deadline markets have been focused on
for the California electricity crisis, state officials around Governor Gray
Davis have
  toughened up their rhetoric on a couple of fronts even as they confirmed
they would be in the market as early as Tuesday taking bids for energy to be
paid by the
  State of California. One problem on that front is still how much producers
want to charge the state for electricity. As we reported last week, Davis and
his aides
  want to pay around $50 to $55 dollars per megawatt hour and suppliers want
about $75. Treasury Secretary Summers has suggested an auction as the best
way to
  determine the price, but California officials are taking a less free market
approach and still hope to set the price through negotiation over long-term
contracts.

Our sources in Washington, Sacramento, and California are increasingly of the
view that Governor Davis is positioning his government to establish long-term
power contracts with the generators that could be passed through to the
utilities following a bankruptcy in the near term.  This week's legislative
activities
in Sacramento will create the vehicle to do so.   State credit backing
purchases of power would obviate the need for super-priority borrowing to
finance power
purchases after utility bankruptcy.

1. Audit- Untangling Utility Relationships

California officials have also toughened their rhetoric on the debt repayment
front as they say results from a preliminary audit show that
half of the $9 to $12 billion  the utilities say they owe is actually owed to
themselves for power they bought from their corporate relations

This strange situation is due to the fact that one holding company owns both
the power-generating and power-distributing companies under a
holding company umbrella. Of course, that means that some of the power PG&E
and Southern California Edison bought at highly inflated prices
was bought from themselves.

  But it was not all bad news in the tense negotiations. Sources confirm that
Davis increasingly understood that the state finance role was a crucial part
of any
potential solution. He told our sources this afternoon that he is willing to
use state credit to eliminate the "risky debt" premium that PG&E
and SCE are being charged by suppliers because of their shaky finances and
that he is willing to extend the current 10% rate increase
 utility customers are paying far beyond the initial 90-day deadline. In
return he is demanding that the companies prepare to "share the
burden of debt reduction in return for state help and credit extension."

2. Debt Restructuring- Guarantees, but No Direct State Money

 Davis also told the videoconference that he believes the $12 billion in back
debt owed by the utility companies can be cleared up
during a 90-day forbearance period (whether that period has been agreed to by
all creditors is not something we are clear about right now). Davis' idea, as
he laid it out in the meeting, is to use the forbearance period to securitize
the debts and sell them against the utilities' forward rate base or by
establishing a
medium-term repayment plan backed by continued state guarantees.

 In both cases the restructured debt would be resolved over a decade without
direct use of taxpayer money as the utilities use their positive margins to
paydown their debt. One of the reasons Davis wants to stay close to the
$50-$55 megawatt charge is that it maximizes the rate at which utilities can
pay
down this debt. There is a strong chance that Davis will agree to use state
guarantees to sweeten the pot at the end of these negotiations, but he remains
opposed to using direct state money. This frustrates both Clinton
administration and utility creditors, but Davis has not yet shown much
flexibility.

3. Eminent Domain/Reregulation

  Perhaps most frustrating to the Washington DC free market crowd at Treasury
and the White House was the continued comfort Davis and his group of political
  advisers have with "non-market" solutions to the energy crisis. Although
the Governor's aides actually believe the weapon is more a "way to force
eventual
  agreement, than an actual solution," the talk returns frequently to these
non-market mechanisms. "We have the ultimate weapon to enforce compliance by
the
  Tuesday deadline. If we make no progress. If this thing looks like it will
turn into a genuine crisis, then we will use our powers of condemnation and
we will re-take
  the plants and equipment and run them ourselves," a close political aide to
Davis said. "We will absorb the plants, the transmission lines and the
reserved parking
  places of the executives. The legislature would agree in a second."


| notifications                                                            |
+--------------------------------------------------------------------------+

Conwell, Ernie added to C-Dawg's Boyz's rosters.
If you have a cell phone or pager, you can get this information even sooner! Go to your league's web site and click "Options, Notifications" on the main toolbar to have notifications sent to your pager or phone, via text messaging.

Win a VIP Vegas Vacation! OR Win $600 CASH!
http://www.sportsline.com/links/6/1/223/sffn1011v.cgi
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FB10SP


Today is the last day of Enron's 2001 United Way Campaign. As of Thursday, August 16, we are at 82% of our financial goal of $2.9M and 56% employee participation. See how your business unit is faring against the other units:

Business Unit	Goal	Dollars Raised to Date	% of Goal Met	% Employee Participation
Corp	$785,000	$657,980	84%	54%
EES	$493,000	$361,208	73%	53%
ETS	$346,000	$269,755	78%	84%
EWS	$1,276,000	$1,065,792	84%	53%

 Everyone who logs on to the United Way web site and completes the process will be entered in a drawing for two free round-trip airline tickets, courtesy of Travel Agency in the Park. If you completed the pledge process prior to today, you are already entered in the drawing. The winner of the tickets will be notified by Friday, August 24.
For those of you who have not yet participated in the campaign, please take a moment to do so today. Log on to http://home.enron.com and click on the United Way logo. You'll need your GIS number to make your contribution.  Your GIS number is an eight-digit number that starts with a 9.

If you don't have your GIS number and password, or need assistance with keying in your contribution, please call the GIS Help Desk at ext. 3-5666.
 Thank you to everyone who has participated in the campaign - you are the key to Building Houston's Future!


Enclosed is a copy of the generation reports we put together using your
generation database.  Please look them over and make sure that they are in
the correct order an make sense.  Some of the monthly averages in the report
do not match the CEMS database number.  I wanted to know if I should fill in
the historicals with the CEMS numbers or keep these.  If you could just look
these over and let me know if they make sense I would appriciate it.

Matt Lenhart


Can we overnight them?  and are you sending them to Art?

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Monday, November 26, 2001 11:45 AM
To:	Ward, Kim S (Houston)
Subject:	RE:

Last week was crazy.  Sorry about this.  I will send them out today.

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, November 26, 2001 10:28 AM
To:	Nemec, Gerald
Subject:	RE:

Gerald,

Have we sent or received these executed contracts?

kim

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Friday, November 16, 2001 8:41 AM
To:	'"Avalos, Art" <AAVALOS@pnm.com>@ENRON'
Cc:	Fuller, Dave; Ward, Kim S (Houston)
Subject:	RE:

I am fine with the language.  We will prepare executables.

 -----Original Message-----
From: 	"Avalos, Art" <AAVALOS@pnm.com>@ENRON
Sent:	Thursday, November 15, 2001 3:20 PM
To:	Nemec, Gerald
Subject:	RE:

Gerald, I spoke with our lawyer Robert Clark and the following
is his additions to your language.  Please let me know if it
is acceptable. If so, please prepare executables and forward
for signatures.
Thanks  Art Avalos
"Notwithstanding anything to the contrary contained herein, this Section
4.4 shall only allow for offset, set off, or recoupment between Company
and Customer, but not between Company and Customer's PNM Gas Services division."
-----Original Message-----
From: Nemec, Gerald [mailto:Gerald.Nemec@ENRON.com << File: mailto:Gerald.Nemec@ENRON.com >> ]
Sent: Wednesday, November 14, 2001 4:19 PM
To: aavalos@pnm.com
Cc: Perlingiere, Debra; Fuller, Dave; Ward, Kim S (Houston)
Subject:
Art,  Per our phone conversation, attached is the revised language for
Section 4.4 of the Master Firm Agreement.  Please review and if
acceptable, we will prepare executables and forward for signature.
"Notwithstanding anything to the contrary contained herein, this Section
4.4 shall only allow for offset, set off, or recoupment between Company
and Customer, excluding Customer's PNM Gas Services division."
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


I don't find a file for either one of these companies.  I also checked with Laine and she said she has no recollection of them either.  I will be more than glad to help you get NDAs in place with both of these companies if you wish.  Let me know if you would like me to help.  Thanks.

Stacy R. Fitzgerald
Contracts Administrator
Enron Global Strategic Sourcing
Phone (713) 345-6045
Fax (713) 646-2450
stacy.fitzgerald@enron.com

 -----Original Message-----
From: 	Jones, Tana
Sent:	Thursday, October 25, 2001 2:16 PM
To:	Fitzgerald, Stacy
Subject:	FW: Looking for signed NDAs

Can you let me know whether Enron Corp. has any Confidentiality Agreements with the counterparties below.  Thanks!
 -----Original Message-----
From: 	Holsworth, Mark
Sent:	Thursday, October 25, 2001 12:58 PM
To:	Jones, Tana
Subject:	RE: Looking for signed NDAs

	I don't know.  Call Stacy Fitzgerald in IT group to find out   Her number is 56045

 -----Original Message-----
From: 	Jones, Tana
Sent:	Thursday, October 25, 2001 9:54 AM
To:	Holsworth, Mark
Subject:	FW: Looking for signed NDAs

Mark,

Mark Greenberg asked me to check with you to see if Enron Corp. ever got Confidentiality Agreements in place with either True Exchange or BizBots?  Can you please let me know.  Thanks!
 -----Original Message-----
From: 	Young, Kay
Sent:	Thursday, October 25, 2001 9:44 AM
To:	Jones, Tana
Subject:	RE: Looking for signed NDAs

Kay Young
Legal Specialist
Enron North America Corp.
Ph:   713-853-6794
Fax: 713-646-3393

 -----Original Message-----
From: 	Jones, Tana
Sent:	Wednesday, October 24, 2001 3:43 PM
To:	Young, Kay
Subject:	Looking for signed NDAs

Do you have copies of any of the following NDAs?

At the Moment - yes, expired
True Exchange - no, never had one
BizBots - no, never had one


---------------------- Forwarded by Melissa Jones/Texas Utilities on 04/20/2001
01:23 PM ---------------------------

"Eileen Ponton" <kponton@duke-energy.com> on 04/20/2001 01:00:55 PM

To:   David Avila/LSP/ENSERCH/US@TU
cc:   Charlie Stone/Texas Utilities@TU, Melissa Jones/Texas Utilities@TU,
      hpl.scheduling@enron.com
Subject:  Re: NOM / ACTUAL FLOW FOR APRIL 19TH

Sorry about that, missed that line on his report........Will agree w/ the
nom of 8,333

                    "David Avila"
                    <davila1@txu.        To:     "Eileen Ponton"
<kponton@duke-energy.com>
                    com>                 cc:     "Charlie Stone"
<cstone1@txu.com>, "Melissa Jones"
                                         <mjones7@txu.com>,
HPL.SCHEDULING@ENRON.COM, LIZ.BELLAMY@ENRON.COM
                    04/20/01             bcc:
                    12:54 PM             Subject:     Re: NOM / ACTUAL FLOW FOR
APRIL 19TH

Our records show the following changes for 4/19/01:
25,000 -  0900 to 11000 (2 hours) and
25,000 - 0300 to 0900 (6 hours)
Total nom for the day of 8,333 MMBTU.

"Eileen Ponton" <kponton@duke-energy.com> on 04/20/2001 11:49:48 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU,
Melissa
      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM,
LIZ.BELLAMY@ENRON.COM
cc:
Subject:  NOM / ACTUAL FLOW FOR APRIL 19TH

My gas control shows flowing 2 hours (9:00 AM to 11:00 AM) at rate of
25,000........

NOM       MCF       MMBTU
2,084          5,819          5,977

BTU = 1.027


Re:  ENA El Paso deal.  The trade press is having a heyday with the
"anticompetitive" angle.  Lets talk.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/04/2000
10:17 AM ---------------------------
ET & S Business Intelligence
From: Lorna Brennan on 12/30/99 09:18 AM
To: Bill Cordes/ET&S/Enron@ENRON, Julie McCoy/ET&S/Enron@ENRON, Lou
Geiler/ET&S/Enron@ENRON, Tim Aron/ET&S/Enron@ENRON, Steve
Klimesh/ET&S/Enron@ENRON, Sarabeth Smith/ET&S/Enron@ENRON, Gary
Sova/ET&S/Enron@ENRON, Rob Wilson/ET&S/Enron@ENRON, Lon
Stanton/ET&S/Enron@Enron, Margaret Carson/Corp/Enron@ENRON, Rita
Hartfield/Corp/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Stephanie
Miller/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, John
Dushinske/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Michael
Bodnar/ET&S/Enron@ENRON, Joni Bollinger/ET&S/Enron@ENRON, David
Badura/ET&S/Enron@Enron, Janet Bowers/ET&S/Enron@ENRON, Craig
Buehler/ET&S/Enron@ENRON, Bob Burleson/ET&S/Enron@ENRON, Allen
Cohrs/ET&S/Enron@ENRON, John Fiscus/ET&S/Enron@ENRON, Bret
Fritch/ET&S/Enron@Enron, Steve Gilbert/ET&S/Enron@ENRON, Morgan
Gottsponer/ET&S/Enron@ENRON, Brenda Harris/ET&S/Enron@ENRON, James
Harvey/ET&S/Enron@ENRON, Stephen Herber/ET&S/Enron@ENRON, Dana
Jones/ET&S/Enron@ENRON, Jane Joyce/ET&S/Enron@ENRON, Stephanie
Korbelik/ET&S/Enron@ENRON, Therese Lohman/ET&S/Enron@ENRON, Bill
Mangels/ET&S/Enron@ENRON, Penny McCarran/ET&S/Enron@ENRON, Vernon
Mercaldo/ET&S/Enron@ENRON, Larry Pavlou/ET&S/Enron@ENRON, Eileen
Peebles/ET&S/Enron@ENRON, Maria Perales/ET&S/Enron@ENRON, Tony
Perry/ET&S/Enron@Enron, Loren Penkava/ET&S/Enron@ENRON, Ken
Powers/ET&S/Enron@ENRON, Joan Schwieger/ET&S/Enron@ENRON, Chris
Sebesta/ET&S/Enron@ENRON, Frank Semin/ET&S/Enron@Enron, Neal
Shaw/ET&S/Enron@ENRON, Larry Swett/ET&S/Enron@ENRON, Kay
Threet/ET&S/Enron@ENRON, Mike Ullom/ET&S/Enron@ENRON, Lisa
Valley/ET&S/Enron@Enron, Chuck Wilkinson/ET&S/Enron@ENRON, Jim
Wiltfong/ET&S/Enron@ENRON, Jo Williams/ET&S/Enron@ENRON, Karen
Lagerstrom/ET&S/Enron@Enron, Ray Stelly/ET&S/Enron@ENRON, Bob
Stevens/ET&S/Enron@Enron, Sue M Neville/ET&S/Enron@ENRON, Mike
Barry/ET&S/Enron@ENRON, Miriam Martinez/ET&S/Enron@ENRON, Martha
Janousek/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Don
Powell/ET&S/Enron@ENRON, Melinda Tosoni/ET&S/Enron@ENRON, Steve
Weller/ET&S/Enron@ENRON, Michael G Stage/ET&S/Enron@ENRON, Tim
Johanson/ET&S/Enron@ENRON, Mike McGowan/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON, Jeffery
Fawcett/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON
cc:
Subject: The El Paso Controversy Continues

Enron-El Paso Deal Could Mute Competition to CA

     Fearing an end to pipeline competition in California, the state's
regulators and Indicated
     Shippers have called on FERC to summarily reject the three
transportation agreements by
     which Enron North America Corp. has contracted for 1.25 Bcf/d of
unsubscribed firm
     capacity on El Paso Natural Gas.

     Approval of these agreements would give Enron Corp., parent of
Transwestern Pipeline
     and Enron North America, control over all the available transportation
capacity to the
     southern California border, warned Harvey Morris, principal attorney for
the California
     Public Utilities Commission (CPUC), which plans to submit its protest
today. Between
     the two pipelines, he estimated Enron will control 2.34 Bcf/d of firm
capacity from the
     San Juan and Permian basins to California.

     For Morris, Enron North America's contracting of the El Paso capacity
represents a
     worse threat to the pipeline's other shippers than Dynegy Marketing and
Trade, who has
     held the capacity for past two years and whose contract expires Dec. 31.
"At least then
     there was some Transwestern competition to the Dynegy situation. Now
it's Enron, the
     owner of Transwestern, who's stepping into Dynegy's shoes."

     But "what's even worse," he told NGI, is the revenue-sharing provision
in the contracts. It
     stipulates that "after Enron makes $35 million off of these contracts,
it has to share the
     proceeds with El Paso for 25% of anything beyond $35 million. So
effectively, Enron and
     El Paso have become partners in how high they can jack up the
transportation rate
     differential between the California border and the Southwest producing
basins."

     The two pipeline companies "that have for decades competed with each
other in carrying
     Southwest supplies to California are now partners. We think that's
anticompetitive, and
     there's no way FERC should approve it," Morris said. He recalled the
basis differential
     between the San Juan Basin spot price and the California border shot up
by 17% during
     1998, the first year during which Dynegy controlled the El Paso capacity
into California.
     This situation could worsen under Enron, he believes.

     "At first blush the El Paso-Enron contracts [do] not appear to contain
the same
     anticompetitive features of the El Paso-Dynegy contracts," Indicated
Shippers noted, but
     a "closer review and analysis" reveals the anticompetitive effects of
the revenue-sharing
     provision (RSP) in El Paso-Enron contracts "are not only similar" to
those of the hotly
     contested reservation-reduction mechanism (RRM) in the El Paso-Dynegy
case, "but are
     increased......due to the fact that the contracts are with a marketing
affiliate of El Paso's
     primary interstate pipeline competitor," Transwestern.

     Both the RRM and RSP "operate to provide a disincentive for El Paso and
its competitors
     to compete against each other, or to take any other action that will act
to drive down the
     basis differential that defines the market value of the capacity,"
Indicated Shippers told
     FERC in a protest filed on Wednesday [RP97-287-041]. The group includes
producers
     Amoco Production, Burlington Resources Oil and Gas, Marathon Oil, and
Phillips
     Petroleum, and two marketers - Amoco Energy Trading and Phillips Gas
Marketing.

     FERC "should reject the tariff filing immediately. The Commission erred
in allowing the
     El Paso-Dynegy contracts to remain intact for their two-year term after
finding that the
     contracts were anticompetitive. This issue is pending in the [D.C. Court
of Appeals].
     That same error should not be repeated here," the producers and
marketers said.

     The CPUC's attempt to block the Enron-El Paso contracts at the outset is
a little bit
     unusual for the agency, Morris said, but it learned its lesson following
Dynegy. "When the
     Dynegy situation first hit, we asked for FERC to investigate the matter.
We thought
     FERC did a very inadequate job then.....This time around we're asking
for FERC to
     summarily reject it. It's hard for an agency like ours to take such a
strong stand right at
     the beginning, but we've learned too much from two years of suffering
under the Dynegy
     situation. And this is even worse."

     In the event the Commission should reject California's request, the CPUC
has asked that
     an "anti-hoarding condition" be included in the contracts, which would
require Enron to
     release unused capacity into the short-term market at a price higher
than what it's paying
     El Paso for the capacity. "They must make a little profit," Morris
noted. "We're confident
     Enron can't use the entire 1.2 Bcf/d of capacity.....so there's going to
be unused
     capacity."

     The agency also wants FERC to clarify that the primary delivery point
for the Block II
     portion of the capacity (579MMcf/d) is PG&E-Topock in keeping with the
terms of the
     1996 settlement between El Paso and its customers. Morris said he agreed
fully with
     Amoco, Burlington Resources and Southern California Gas (SoCalGas),
which accused
     El Paso of violating the 1996 agreement by allowing Dynegy to use
SoCalGas-Topock as
     a primary delivery point for the Block II capacity last summer. They
contend the alleged
     violation is included in the Enron contracts.

     He also noted the CPUC will challenge the ability of Enron to call back
Block II capacity
     after it already had been recalled by El Paso shippers to serve Pacific
Gas and Electric
     (PG&E) customers in northern California. Last July, FERC granted Dynegy
the right to
     do this under its contracts with El Paso. But Morris contends the
decision violates the
     1996 settlement under which PG&E paid $54 million to preserve the right
of the pipeline's
     shippers to recall the Block II capacity to serve end-users in its
service territory.

     The CPUC also intends to challenge the Commission's decision that would
enable Enron
     to "just sit on the capacity," thereby withholding idle Block II
capacity from the market.
     Indicated Shippers also contend the Enron contracts violate the Block II
capacity
     provisions of the 1996 rate case, as well as "exacerbate" the primary
firm delivery point
     capacity-allocation issues that are pending before FERC now.

     The CPUC accused El Paso of "deliberately" filing the Enron contracts at
FERC just
     before the holidays to avoid controversy. The pipeline "is trying to
sneak one of the most
     controversial things ever past FERC right before Christmas so that
protests would be
     minimized," said Morris. "They did this with the Dynegy contracts two
years ago. They
     have a pattern of filing right at the last minute, making it harder for
people to protest and
     harder for FERC to stop it from going into effect."

,Copyright 1999 Intelligence Press Inc. All rights reserved. The preceding
news report may not
be republished or redistributed, in whole or in part, in any form, without
prior written consent
of Intelligence Press, Inc.


Greetings:  Please see attached file.  Do have have the information necessary
to add a final column "Rates Established in Final Order?"  Could you let me
know? Thanks.

Best,
Jeff

 - Comparison Table 5.10.01.xls


- MtgAnnouncement.doc