Hey buddy.  I would love to take a tour.  I'm tied up with a family illness
for the next couple of weeks so don't wait on me.

Great Idea though.

Richard Pinion
08/10/2000 09:03 AM
To: kmacivo@enron.com, Jason Althaus/Corp/Enron@Enron, Chris
Germany/HOU/ECT@ECT
cc:
Subject: Flying

Yesterday I was getting ready to fly out of Fletcher's at Hobby airport when
a man asked if I was with Enron (he saw my United Way shirt most of us were
wearing yesterday).  He said that he too was an Enron employee but had missed
the United Way kick-off event.  He told me he was one of our corporate pilots
and we spoke for several minutes since I had someone waiting at Houston
Southwest airport to pick me up.

I asked if I might arrange with him to get a tour of our corporate hanger and
airplanes and he said he would be glad to arrange such an event.  I told him
that several of us pilots at Enron might be interested.  He gave me his card
and said that he had a trip for Tuesday but to just call him when we were
ready and he would arrange to make it happen.  Soooo... If you are interested
or know others who might be, let me know some times and dates and we will
make this happen.

RP


Put the land on the balance sheet is a forgiveable sin.  Incurring any other
type of  hard costs puts the entire project (whatever that may be) on the
balance sheet.

Kay

From: Greg Krause/ENRON@enronXgate on 06/06/2001 03:53 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

If we buy the property before the LLC is owned by ENext, wouldn't the big
concern be that we've put $1.8 million of land plus an additional $900,000 or
so of obligations to build road and stormwater system on the balance rather
than the rather small ongoing costs related to maintainance of the road and
system?

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 3:46 PM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

As I understand it, if the option is exercised (and the property bought)
prior to the time the LLC is owned by ENext, there is a balance sheet
impact.

From: Greg Krause/ENRON@enronXgate on 06/06/2001 03:01 PM
To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/ENRON@enronXgate
cc:

Subject: RE: Midway Interconnect Agreement

Probable time for them to bless the agreements; however, since these
documents will not be executed until after closing, the obligations created
under the Property Owners Association should not have a balance sheet impact.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 12:29 PM
To: Krause, Greg; Jacoby, Ben
Subject: RE: Midway Interconnect Agreement

Greg and Ben,

So is it about time to get Lisa, Herman and Rose involved in the PAD stuff?

Kay

From: Greg Krause/ENRON@enronXgate on 06/06/2001 12:07 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

Kay,

A&K did the title committment work and is now working on the Property
Association Documents (as is Greenberg Traurig in West Palm Beach).  Ann
Elizabeth's
last email message to me before she went on vacation was that A&K was the
designated hitter for the Midway Project.    You have been copied on those
docs which we desparately need to get to Cooney Midway Groves, the property
owner.  As far as I know, they have not been involved in anything else
related to Midway this year.

Christi left me a message saying that Lloyd Will or one of his guys needs to
review the Interconnction Agreement. I do not know Lloyd.

Greg

PS we had a good meeting with DERM on the landfill closure issues in the
Certosa Holdings deal.   I'll try to reach you this afternoon to discuss.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 7:45 AM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

How much involvement has A & K had on Midway?  I have other counsel engaged
for the sale, but this falls into a different category.

Kay

From: Greg Krause/ENRON@enronXgate on 06/05/2001 11:35 PM
To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT

Subject: RE: Midway Interconnect Agreement

Please see attachment below with Christi's comments.

-----Original Message-----
From: Jacoby, Ben
Sent: Tuesday, June 05, 2001 12:22 PM
To: Mann, Kay
Cc: Krause, Greg; Nicolay, Christi
Subject: Midway Interconnect Agreement

Kay:

Greg has Christi's comments on the FPL Construction & Connection Agreement,
and he will be sending us those comments today in a marked document. Have we
engaged outside counsel to review this agreement? I'd like to have a
commercial / legal review fully completed, and then get accounting / finance
to comment. I this something you were planning to have Carlos to work on
given his recent work on ComEd and Ameren?

Please let me know. Thanks.

Attached is the original generic form of FPL Connection and Construction
Agreement for your reference.

Ben

 << File: FPL Construction  Connection Agreement Generic.doc >>


Attached is a copy of the ANOPR on Generator Interconnection  Procedures and Agreements.  Also, I have attached a copy of the FERC Notice  announcing a November 1, 2001 Staff Public Meeting at FERC on the staff's  development of a standard Interconnection Agreement and Procedures.

Tonja Wicks
Manager, Energy Supply Policy
Alliance of Energy  Suppliers
Edison Electric Institute
Phone: (202) 508-5098
Fax: (202)  508-5600
Fax: (202) 508-5445
 - FERC IC ANOPR m02-1.pdf
 - FERC Notice of Pub Conf on IC rm02-1-000.pdf
 - Tonja Wicks.vcf
**********

Several EEI meetings have been postponed or canceled.  For more information about a specific meeting, go to
( http://www.eei.org/resources/meetings/postponements.htm )


Did you get your B-day present??


Jeff:

 Re: you comment below that "...they'll be subject to a considerable amount
of pressure to pre-approve if a deal is offered that can be show to shield
San Diegans from volatility and that looks"attractive."   The CPUC did not
pre-approve either SDG&E or SCE recent attempts to buy forward.   I don't
think they ever will give pre-granted reasonableness review for purchases.
That is why boith utilites decided not to execute as part of their recent
RFPs.  PG&E RFP is up next...I expect more of the same.

Chris

Jeff Dasovich@EES
09/14/2000 08:54 AM
To: Chris H Foster/HOU/ECT@ECT, James D Steffes/HOU/EES@EES
cc:
Subject: Re: SDG&E Requirements Deal

Thanks for the update.  Just want to add that 1) if we're uneasy about
wearing the full requirements risk, then focusing on offering a purely
wholesale deal can still be very attractive, given SDG&E's blunders w.r.t.
procurment wholesale power on behalf of its customers.  And 2) the CPUC has
been beat up pretty well for tying the IOUs hands in attempting to hedge, so
they'll be subject to a considerable amount of pressure to pre-approve if a
deal is offered that can be show to shield San Diegans from volatility and
that looks"attractive."

Appreciate being kept in the loop on the details.  Thanks.

Best,
Jeff

To: James D Steffes/HOU/EES@EES
cc: Tim Belden/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES
Subject: Re: SDG&E Requirements Deal

J

I think we could get below $60 on a 5 year deal with a bell shaped load
profile at SP-15.  I do not think we can get there for the SDG&E zone.  In
fact, I don't think Tim will want to sell the SDG&E zone at all.  If we offer
it, it will be at a significant premium to SP-15.

We just showed SCE $58 for a 5 year peak (By the way, like the SDG&E RFP, the
SCE RFP resulted in no transactions because they did not get pre-approved
reasonableness review and they were too chicken to do it at shareholder
risk.  The PG&E RFP for essentially the same deal structure is due tomorrow
and we will be responding.  With the PG&E RFP, prices can be changed oon
October 11 so  the prices we will show them now are indicative only).

Get me that load profile data and I will put together a deal structure.    I
wil also be working with the traders to address this "new zone" issue as it
exists for all three utilities, not just SDG&E.

C

James D Steffes@EES
09/12/2000 07:39 AM
To: Chris H Foster/HOU/ECT@ECT
cc: thane twiggs
Subject: SDG&E Requirements Deal

Chris --

I agree with you on the difficulty of a "true" full requirements deal.  I
assume what you are talking about is some pre-agreed to 100% load factor
energy delivery that could be different for each hour during the year (a sort
of "load profile solution").  SDG&E would be responsible for +/- around this
delivery?  Maybe offer SDG&E an option on wide variations.

The other key issue I guess that is important is transmission congestion
risk.  Would EPMI be willing to agree to deliver the energy into the SDG&E
load zone or just to SP15?  It is my understanding that there is a
significant economic difference the SP15 and specific load zones?  Am I
correct in my thinking?

We probably need to beat $60/Mwh and leave $5/Mwh for the load following.  We
may need to go even lower (if possible) to give SDG&E room to recover this
summer's high cost of power with the retroactive retail ratemaking back
through July 1, 2000.

On your issue of CPUC approval, that is exactly the play.  We need to walk
into the CPUC with an offer that it can't pass up (with or without SDG&E).

I've asked Thane Twiggs to get you the appropriate 8760 load profile for
SDG&E residential customers.  While the rate deal was broader, we could just
supply this customer group.

I'll call when we have the information.

Jim

To: James D Steffes/HOU/EES@EES
cc: Christopher F Calger/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT
Subject: Re: SDG&E Bilateral Authority Delay

Jim:

A couple thoughts...

I don't think Tim would be interested in a true "Full Requirements" deal that
would put us at risk for actual load.  If we could define "Full Requirements"
as a load profile that has been set ahead of time, and have SDG&E be at risk
for deviations from that profile, then I think we would be interested.  With
this structure, we could offer a fixed price equal to the weighted average
price of their load profile.  If that fixed price was lower than the SDG&E
embedded generation cost in rates we might have an angle. "Winning" such a
deal still seems like a pretty low probability event, given SDG&E's desire to
RFP everything.  However, SDG&E's (and SCE's) main objective seems to be
pre-approved reasonableness review.  Since they can't make money on
commodity, at least they don't want to lose money.  Maybe we could get the
approval of the CPUC? SDG&E wouldn't mind buying from us if this is what it
took to get pre-approved reasonableness review.

If someone could get me that load profile information, I would be willing to
price it up.

Let me know what you think.

C
---------------------- Forwarded by Chris H Foster/HOU/ECT on 09/11/2000
01:09 PM ---------------------------

James D Steffes@EES
09/11/2000 01:12 PM
To: Chris H Foster/HOU/ECT@ECT
cc: Christopher F Calger/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, David
Parquet/SF/ECT@ECT, Jeff Dasovich/SFO/EES@EES, Steven J Kean/NA/Enron@Enron,
Mark Palmer/Corp/Enron@ENRON, Richard Shapiro/HOU/EES@EES
Subject: Re: SDG&E Bilateral Authority Delay

Chris --

Given this development, now may be the right time for Enron to come in and
make a "public" offer to SDG&E.  We may be able to put some pressure on the
CPUC to approve a full requirements offer that works with the legislative
rate cap.

I'll be in contact with you to discuss.

Jim

To: James D Steffes/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Tim
Belden/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Jeff Dasovich/SFO/EES@EES
cc:
Subject: SDG&E Bilateral Authority Delay

Surprise, surprise.

SDG&E is afraid to do anything without the pre-approved reasonableness from
the CPUC which I don't think will be obtained.

Chris

Chris
---------------------- Forwarded by Chris H Foster/HOU/ECT on 09/11/2000
05:59 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Firooz, Sharon" <SFirooz@SDGE.com>
09/08/2000 05:32 PM

To: "Hart, Dana" <DHart@SDGE.com>, "'agalatic@internetconnect.net'"
<agalatic@internetconnect.net>, "'al_figueroa@vflet.com'"
<al_figueroa@vflet.com>, "'bbowman@coral-energy.com'"
<bbowman@coral-energy.com>, "'biggsbg@bp.com'" <biggsbg@bp.com>,
"'bob_anderson@apses.com'" <bob_anderson@apses.com>,
"'ccantor@sempratrading.com'" <ccantor@sempratrading.com>,
"'cfoster@enron.com'" <cfoster@enron.com>, "'david_metz@apsc.com'"
<david_metz@apsc.com>, "'dcazalet@apx.com'" <dcazalet@apx.com>,
"'dgordon@exchange.ml.com'" <dgordon@exchange.ml.com>,
"'dirk.andreas@nrgenergy.com'" <dirk.andreas@nrgenergy.com>,
"'dparque@ect.enron.com'" <dparque@ect.enron.com>,
"'dpenney@coral-energy.com'" <dpenney@coral-energy.com>,
"'emaddox@seawestwindpower.com'" <emaddox@seawestwindpower.com>,
"'gkosier@newenergy.com'" <gkosier@newenergy.com>, "'gluna@sempra-slns.com'"
<gluna@sempra-slns.com>, "'greg.kelly@gen.pge.com'" <greg.kelly@gen.pge.com>,
"'hreed@powersrc.com'" <hreed@powersrc.com>,
"'jackmcnamara.geothermal@att.net'" <jackmcnamara.geothermal@att.net>,
"'james.north@msdw.com'" <james.north@msdw.com>,
"'jay.alexander@southernenergy.com'" <jay.alexander@southernenergy.com>,
"'jdcoggin@srpnet.com'" <jdcoggin@srpnet.com>, "'jim_staggs@apses.com'"
<jim_staggs@apses.com>, "'jivey@utilicorp.com'" <jivey@utilicorp.com>,
"'john_h_stout@reliantenergy.com'" <john_h_stout@reliantenergy.com>,
"'jon.fischer@pacificorp.com'" <jon.fischer@pacificorp.com>,
"'jpmarchand@aep.com'" <jpmarchand@aep.com>,
"'Kristen_L_Sullivan@reliantenergy.com'"
<Kristen_L_Sullivan@reliantenergy.com>, "'lbryant@pnm.com'"
<lbryant@pnm.com>, "'leah.bissonette@williams.com'"
<leah.bissonette@williams.com>, "'Lhamilton@avistaenergy.com'"
<Lhamilton@avistaenergy.com>, "'marvin_k_ballard@reliantenergy.com'"
<marvin_k_ballard@reliantenergy.com>, "'medwar@ladwp.com'"
<medwar@ladwp.com>, "'njwa@dynegy.com'" <njwa@dynegy.com>,
"'peterc@calpine.com'" <peterc@calpine.com>, "'priced@epenergy.com'"
<priced@epenergy.com>, "'pscarpelli@retx.com'" <pscarpelli@retx.com>,
"'rproush@duke-energy.com'" <rproush@duke-energy.com>, "'rshimizu@mieco.com'"
<rshimizu@mieco.com>, "'sbvanleer@duke-energy.com'"
<sbvanleer@duke-energy.com>, "'shapp@caiso.com'" <shapp@caiso.com>,
"'stacey.kusters@powerex.com'" <stacey.kusters@powerex.com>,
"'szablyal@epenergy.com'" <szablyal@epenergy.com>,
"'tmcandrew@statoilenergy.com'" <tmcandrew@statoilenergy.com>
cc:
Subject: SDG&E Bilateral Authority Delay

SDG&E would like to inform you that  we did not gain authority from the
commission on 9/7 and cannot enter into bilateral trades at present; (2) we
anticipate receiving that approval on September 21; we will solicit new
proposals between now and then and look forward to your continuing
participation, as well as your assistance in gaining the necessary
regulatory approvals.  Thanks


Please review the attached presentation and provide any comments that you may
have prior to the OTC review meeting, June 7. Thanks.


Thanks.  I'll do an assignment letter formalizing the relationship.  Michelle

 -----Original Message-----
From: 	Treadwell, Robin L.
Sent:	Monday, July 30, 2001 7:47 AM
To:	Cash, Michelle
Cc:	Sweet, Twanda
Subject:	Britaldo Soares - Elektro Comp

Michelle

Attached is the information I received from Alfredo Bottone (HR, Elektro) that includes Britaldo Soares' compensation related to his contract/employment with Elektro.

It is my understanding from Scott that you need to complete the new employment agreement.

Please call me if you have questions.

Robin
X67895

 << File: Soares Comp.doc >>


Brent Hendry@ENRON_DEVELOPMENT
03/09/2000 08:50 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Draft Trading Memo

Please send the attachement.   :)

Sara Shackleton@ECT
08/03/2000 10:38 PM
To: Lynn Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Andrea Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Draft Trading Memo

Brent:  attached is a draft memo that Lynn and I prepared.  We would
appreciate your comments.  Also, who else do you think should be a recipient
of this memo?  Should we prepare a separate "Action Plan" or strategy to
submit to Mike?  You may recall in our meeting of Friday last that Mike
committed to assess the long term situation in BA (at least I think that's
what he agreed to do) and we (foolishly) committed to prepare a review of our
activity in BA.  Maybe we can discuss on Friday morning at 9 am (Houston)/12
pm (BA).  Let us know if you have any questions.  I believe that Lynn is in a
seminar on Thursday.  Sara


Take me off of this list. PLEASE!!!!!

To: Chris Nowak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON
cc: Marie Newhouse/ENRON@enronXgate @ ENRON, "iBuyit@ENRON"
<IMCEANOTES-iBuyit+40ENRON@ENRON.com>@SMTP@enronXgate@ENRON, All Enron
Employees United States@ENRON
Subject: RE: Reply Requested: Do You Code Or Approve Invoices?

Take me off of this list. PLEASE!!!!!


Okay, that makes more sense. I've left a big note on Sean's desk and I'm
watching the door of the meeting for him to come out.

Kate

Evelyn Metoyer@ENRON
03/13/2001 03:24 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes- so this is what prebon is saying on this deal 549052:
Enron buys from Pacificorp 25 mw of peak BOM Mid-C at $141.00

Thanks!!

   Kate Symes @ ECT                03/13/2001 05:11 PM

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

Subject: Re: 3/13 Checkout

Sean Crandall said the price on this is correct (241), but he thought the
deal was supposed to run through the end of the month. He was just walking
into a meeting with Tim Belden while I was trying to figure this out with
him, and he asked that I not change anything until he gets out and can look
at it more closely. A price of $141 is awfully low for a peak deal flowing at
Mid-C tomorrow - actually lower than the off-peak prices - so it sounds a
little suspicious. I'll let you know when he gets out of the meeting.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/13/2001 03:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes

   Kate Symes @ ECT                03/13/2001 05:02 PM

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

Subject: Re: 3/13 Checkout

549052 - del. point is already in as Mid-C, so just the price is wrong?

Evelyn Metoyer@ENRON
03/13/2001 03:06 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

SORRY I gave you the incorrect deal number for this error.  Should be deal
549052.

original error:
Diana Scholtes
deal 549053    549052
Prebon shows price as $141 and delivery pt as Mid-C

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

S

   Kate Symes @ ECT                03/13/2001 04:39 PM

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

Subject: Re: 3/13 Checkout

Prebon
Sean Crandall
549048 - changed to NP

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

Jeff Richter
549013 - changed to APB

549010 - enron buys BP/Apr01/NP/peak/207.00 (in with Amerex - should it be
Prebon?)

Chris Mallory - just entered Williams deal

Evelyn Metoyer@ENRON
03/13/2001 02:27 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

Sean Crandall
deal 549048
Prebon shows del. point as NP-15

Diana Scholtes
deal 549053
Prebon shows price as $141 and delivery pt as Mid-C

Jeff Richter
deal 549013
Prebon does not recognize

I am missing the following:
1) Enron buys from BP Energy 25 mw of April'01 NP-15 peak hrs at $207
2) Enron buys Williams 25 mw of SP-15 of April'01 off-peak hrs at $107

BLOOMBERG
All deals checked out fine.


kerrie McHugh
303 California Ave
San Rafael, CA 94901
kmchugh@wsgc.com

To Mr. Ken Lay,

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

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

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

Sincerely,

kerrie McHugh


Chris Germany is responsible for all the retail volume. I was only given
Dayton STORAGE positions to book. If there are other dayton positions I do
not have them.
Mark
x36446

---------------------- Forwarded by Mark Friedman/HOU/ECT on 12/27/99 11:57
AM ---------------------------

Tricia Bowen
12/27/99 10:54 AM
To: Mark Friedman/HOU/ECT@ECT
cc:
Subject: JANUARY 2000 NEEDS

HELP!!

Kathy just received these retail volumes from CES for a number of pipes.
The Texas gas deals at the end of this email are nowhere in sitara.  Are
these deals suppose to be entered by Chris since they are "retail" or is the
Dayton Power and Light deal suppose to be entered by you guys under that
Desk?  Are you guys done entering the Dayton Desk deals??

Thanks
Trish

---------------------- Forwarded by Tricia Bowen/HOU/ECT on 12/27/99 10:49 AM
---------------------------

	From:  Katherine L Kelly                           12/27/99 10:12 AM

To: Chris Germany/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Judy
Townsend/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT,
Tricia Bowen/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Beverly
Beaty/HOU/ECT@ECT, Anita K Patton/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT,
Meredith Mitchell/HOU/ECT@ECT, Jesse Villarreal/HOU/ECT@ECT
cc:
Subject: JANUARY 2000 NEEDS

I just received this memo from Phil at CES.  It appears to be from their
retail group in Pittsburgh.  I'm looking into this, but from what I'm hearing
we are supplying this gas to the retail group and need to make sure that it
is scheduled.  Please check on these immediatly since the LDC deadlines start
today.
---------------------- Forwarded by Katherine L Kelly/HOU/ECT on 12/27/99
10:08 AM ---------------------------

pvillag@columbiaenergygroup.com on 12/27/99 09:29:42 AM
To: Katherine L Kelly/HOU/ECT@ECT
cc:
Subject: JANUARY 2000 NEEDS

Here is some more info concerning 1/1/2000.

Phil

---------------------- Forwarded by Phil Villagomez/CES/ColumbiaGas on
12/27/99
09:35 AM ---------------------------

KIM NOVSEK BIZIK
12/27/99 08:43 AM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas, Dale Ray
East/CES/ColumbiaGas@ColumbiaGas, Phil Villagomez/CES/ColumbiaGas@ColumbiaGas,
Darren Espey/CES/ColumbiaGas@ColumbiaGas
cc: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas, Noel Bartlo/CES/ColumbiaGas@ColumbiaGas,
Paul Drexelius/CES/ColumbiaGas@ColumbiaGas
Subject: JANUARY 2000 NEEDS

Good Morning.  I have listed my needs below for all but Peco.
The red can be off Anr or Tgt.  Please advise.
The green is done - just need the activity number.
I have also included my nom deadline - I have a nom due today - LILCO.  Please
advise.

ANR
 CG&E- deliveries to Springboro 1550 dth/day LDC Nom Deadline is
12:30 on the 30th - note this can be served off TGT

Tetco
 BUG  145 dth/day LDC Nom Deadline is noon on the
29th
 Con Ed 261 dth/day  (estimate ONLY) LDC Nom Deadline is 2
pm on the 30th
 PECO
 PA Gas
 PSEG  1696 dth/day LDC Nom Deadline is 10 pm on the 29th
 Etown  23 dth/day LDC Nom Deadline is noon on the
29th
 NJN  7528 dth/day LDC Nom Deadline is 12:30 est on
the 30th

CNG - PA gas for PECO /day  (If we have a problem flowing this much,
please let me know as soon as possible so we can buy delivered gas to PECO's
gate from one of the other suppliers)

Transco
 LILCO  382 dth/day    (capacity release is also for
382) LDC Nom Deadline is noon on the 27th
 PSEG  189 dth/day LDC Nom Deadline is 10 pm on the
29th
 S Jersey  113 dth/day Transco nom must show Enduser # 012224 to
be confirmed- LDC Deadline is 12:30 on the 30th
 Piedmont 1113 dth/day LDC Nom Deadline was 10:30 est on
the 22nd - just need activity number now
 PSNC  190 dth/day (CES will get the capacity release for
this from PSNC)
   The supply will be from PSNC's pool #7620 (this is
their station 85 pool)

Texas Gas
 DP&L  1298 dth/day  LDC Nom Deadline is
12:30 est on the 30th
 CG&E  1550 dth/day LDC Nom Deadline is 12:30 on
the 30th - note this can be served off TGT


At the request of Louise Kitchen, I am transmitting a copy of the referenced
agreement.  If you have any comments, please call me at (713) 853-3399.  If
you need to speak to an attorney, please call Mark Taylor at (713) 853-7459.
If the agreement meets with your approval, please have it executed by an
authorized officer and fax it to me at (713) 646-3490,

Tana Jones,
Paralegal


Both deals have been changed to offset -1.0.

Thanks,
Kate

Stephanie Piwetz   02/06/2001 08:19 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Please check...

Kate,
Verballing two Badeer trades from 1/30/01
Deal 508957.01 Enron Sells to Mirant, Index Forward  we show offset of -1.5,
Mirant shows -1

and

Deal 508958.01 Enron Buys Mirant, Index forward,  we show offset of -1.5,
Mirant shows -1

Thanks for looking into
Stephanie


Have we captured these dollars in our P&L?   Let's make sure we are getting
credit, if appropriate.

---------------------- Forwarded by Scott Neal/HOU/ECT on 08/04/2000 10:36 AM
---------------------------

Robert Superty
08/03/2000 04:02 PM
To: Sally Beck/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT
cc: Molly Sumrow/HOU/ECT@ECT
Subject: CES Update

FYI - ongoing CES reconciliation. At this point we will be receiving app.
$5.4M (invoice sent on 7/27) with another $7.5M to be billed to them next
week.

Still more to come, for details read the attached from Molly.

Bob
---------------------- Forwarded by Robert Superty/HOU/ECT on 08/03/2000
03:52 PM ---------------------------

	From:  Molly Sumrow                           08/03/2000 03:47 PM

To: Robert Superty/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Beverly
Beaty/HOU/ECT@ECT
cc:
Subject: CES Update

Attached is the current status of the CES reconciliation.  Please call me if
you have any questions.

Thank You,

Molly


According to this morning's Washington Post, the Bush Administration will
support the expected FERC action today of extending the existing California
price mitigation regime to 10 other Western states and to all days/all hours,
not just during California emergencies (stages 1, 2 and 3).  This action
comes only a day before FERC and other witnesses will  testify on the
Feinstein/Smith price cap legislation before the Senate Energy Committee,
Gov. Davis and FERC will  testify before the Senate Governmental Affairs
Committee on Wednesday, and the House Financial Services Committee joins the
fray with a hearing on the California energy situation on Wednesday.  The
latter committee will probably base its jurisdiction over some aspect of
energy policy on a number of factors, including its jurisdiction over
presidential economic emergency powers.  The committee staff has in the past
expressed interest in derivatives and other financial aspects of energy
trading and markets.  We are checking now to quietly determine whether these
issues will be on Wednesday's agenda.


> As of September 18, 2000, myHomeKey.com has a new office location:
>
> myHomeKey.com
> 511 Harrison Street
> San Francisco, CA 94105
> Main Phone: (415) 946-6200
> Main Fax: (415) 946-6210
>
> Direct Line for Mick Seidl, Chairman: (415) 946-6202
> Direct Line for Maria Barnet, Executive Assistant: (415) 946-6214
>
I have also sent this information via regular mail.  If you have any
questions or need further information, please feel free to contact me.

Maria Barnet
Executive Assistant
maria.barnet@myhomekey.com
(415) 946-6214
myHomeKey.com


Thank you for your request. You will be notified by email when your request
has been processed. You can check the progress of your request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034918&Page=
MyReq.


Feast your eyes on Enron Business' cool and colorful new look.  You'll find it in your mailbox at home and online at home.enron.com under Publications, Enron Business, and "Volume 2, 2001".  (And if you're in Houston, you might find a few extra copies at the Plaza Java in the lobby of the Enron Building.)

In this issue:
?	Enron Direct plays hard to win small customers
?	Extreme Enron debuts with exciting stories about employees who ride the edge
?	Meteorologists brew science with good business
?	Enron's new Vision - how will we do it?
?	Enron fights to keep the California energy crisis from spreading
?	Driving business profits where you'd least expect them
?	The Insider: Sprechen Zie security?
?	Assisting earthquake victims in India
?	Find out who won the Word Search - and enter our Cartoon Craziness Contest for a chance to win a $200 American Express gift certificate!  Don't dally - the deadline for entries is Friday, May 11


CALENDAR ENTRY:	APPOINTMENT

Description:
	John Buchanan - Oncall

Date:		1/27/2001
Time:		7:00 AM - 8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


A. Einstein

     "As far as the laws of mathematics refer to reality, they are not certain; and
                        as far as they are certain, they do not refer to reality."

                        "Only two things are infinite, the universe and human
                        stupidity, and I'm not sure about the former."

                        "Before God we are all equally wise - and equally foolish."

                        "Common sense is the collection of prejudices acquired by age eighteen."

                        "I know not with what weapons World War III will be fought, but World
                         War IV will be fought with sticks and stones."

                        "I never think of the future - it comes soon enough."

                        "If I had only known, I would have been a locksmith."

                        "The hardest thing in the world to understand is the income tax."

                        "The most incomprehensible thing about the world is that it is
                        at all comprehensible."

                        "The release of atomic energy has not created a new problem. It has
                         merely made more urgent the necessity of solving an existing one."

                        "The secret to creativity is knowing how to hide your sources."

                        "You cannot simultaneously prevent and prepare for war."

                        "If the facts don't fit the theory, change the facts."

                        "Imagination is more important than knowledge..."

                        "The most beautiful thing we can experience is the mysterious.  It is
                        the source of all true art and science."

                        "The important thing is not to stop questioning."

http://www.raptor.cvm.umn.edu/content.asp?page=2500


Thanks Susan--I agree with your analysis of the tying issue.  It ain't tying
if we aren't restricting access to the service--we are just offering
selective discounts.  Christine--I'm OK with it.  Thanks. DF

	From:  Susan Scott                           07/17/2000 02:20 PM

To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: Transwestern IOS Approval Request

Drew -- I've looked at this and it is fine; really does not deviate from what
we have posted before.

One issue that arose Friday was whether our all-or-nothing approach (i.e.,
shipper must take all 49,000 dth of capacity or none at all -- or all 20,000
or none at all) constitutes tying.  The 49,000 package includes 35,000 to
North Needles and 14,000 to Topock.  So if a shipper wants the Needles space
it has to take the Topock space too.  This looked like a clear case of tying
to me until I remembered that this capacity is now, and has been, posted and
available and any shipper can bid on any part of the Needles space right now
if they wanted to and we'd sell it to them without making them take the
Topock space.  That'll be true during the IOS too -- i.e., nothing can stop
shippers from bidding on the Needles space outside of the IOS process.  This
is just a situation in which we're putting a special package together with
the expectation that the price will reflect the fact that the less desirable
Topock space is part of that package.

Does this make sense to you?  If not, give me a call.

	From:  Drew Fossum                           07/17/2000 01:35 PM

To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Transwestern IOS Approval Request

pls let me know if this looks ok to you.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/17/2000
01:30 PM ---------------------------

Christine Stokes
07/17/2000 10:28 AM
To: Steven Harris/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON
cc: Kevin Hyatt/ET&S/Enron@Enron

Subject: Transwestern IOS Approval Request

TRANSWESTERN PIPELINE COMPANY
INTERACTIVE OPEN SEASON
APPROVAL REQUEST

Please review the attached file for the announcement of Transwestern's
Interactive Open Season (IOS) to be held Friday, July 21, 2000.  The
following summarizes the bidding rules and capacity definition for the two
bid packages of East of Thoreau (EOT) to California capacity:

 Package 1:
 Volume: 20,000 Dth/d
 Term:  3 months (August - October, 2000)
 Path:  East of Thoreau to California.  Maximum available delivery capacity
   of 12,000 Dth/d at Needles, Ca.  Remaining may be chosen between
   PG&E and Mojave.

Package 2:
 Volume: 49,000 Dth/d
 Term:  12 Months (November 1, 2000 - Oct. 31, 2001)
 Path:  East of Thoreau to California.  Maximum available delivery capacity
   of 35,000 Dth/d at Needles, Cal.  Remaining may be chosen between
   PG&E and Mojave.

Bidders may bid on either a 1-part or a 2-part rate structure for the entire
capacity amount posted.   No partial volume bids are accepted.  Bid packages
are considered mutually exclusive.     No minimum bid rate is posted
therefore Transwestern is not obligated to accept any bids if the bids are
valued as unacceptable.  Transwestern shall award capacity based upon Highest
Rate criteria.

If any questions arise please contact Christine Stokes at x35702.

Please indicated approval via REPLY WITH HISTORY.


-----Original Message-----
From: 	Greaney, Chris
Sent:	Monday, October 08, 2001 8:01 PM
To:	Schoolcraft, Darrell; Walden, Shirley; Adams, Jean; Benningfield, Robert; Forbish, Sherry; Hibbard, Scott; Janzen, Randy; Linhart, Joe; McDaniel, Janet; Scurlock, Debra; Sturr, Kathy; Vaughan, Cara; Woodson, Harry
Subject:	ElPaso Waha Problems

Ron from NNG Gas Control called around 7:00 pm.m informing me that ElPaso has a turbine down creating high pressure, NNG can't deliver the gas at Waha. I confirmed the gas to 0 for the next cycle (eve cycle) in ElPaso. but did not cut any for gas day 10/8/01. The gas for tomorrow is sourcing from Altura so please contact them in the A.M. and let them know the shipper was cut ot zero. Gas Control was able to deliver gas yesterday because the pressure wasn't as high as it is now. Evidently this outage started on the 7th and is scheduled to last through the 12th. NNG probably shouldn't allow nominations at Waha until the outage is completed.
NGTS contract 107848 was the only Shipper nominated for tomorrows gas day. EPNG will try to get the pressure down to allow us to flow to them, but won't know that until later, or tomorrow.
(Reliant has a nom on NNG side, but not in ElPaso' system)

Also, Darrell (the allocatin' dude) decided to allocate Linam Ranch (ID2 cycle) down to 100,000 because they were not making rate since last Friday. In cutting the Linam Ranch Point the Hobbs system Group was not allocated on the ID2 cycle.

so far my first night back has been rather exicting!!


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/01/2000
11:22 AM ---------------------------

	From:  Jennifer Fraser                           12/01/2000 11:11 AM

To: Alex Mcleish/EU/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Chris
Gaskill/Corp/Enron@Enron
cc:
Subject: Oil Week Ahead - Dec 4-00

Here is Alex's superb report.

Chris--- Do you want to put it on the gas site?

JEn


I will send the fax to you right now.  Thanks!
Ben


Why is Bill Clinton so reluctant to decide the fate of Elian
Gonzalez?

Because last time he made a decision about where to put a Cuban, he
was impeached.


Greg: I will not be able to go to lunch with you, dinner is possible. I would
suggest you wear a suit. I am not sure at this point who you will interview
with, I should know soon. I will call you 8/23 to talk about Thurs. If you do
not hear from me please call me (wk 853-7699, hm 972-1208).


John,

Thanks for the email and the offer to route my resume in the most
expeditious way.  I saw only one job that was posted on Enron's website that
looked like a good fit.  It was an asset evaluation and integration job for
Enron North America: job # 0000105886.

My primary strengths are:

Natural gas asset acquisition and management
Supporting a trading organization by providing excellent futures and
derivatives execution
Trading proprietary books (fixed price or otherwise)where there is a
competitive reason to be     in the market, i.e. transportation spreads,
storage, physical presence
Good customer relations/account development
Ability to focus on and analyze a wide range of problems/opportunities
Stong negotiator

I know that Enron is a big, happening place and it is invaluble to have
someone like you to help me sort out the opportunities.  Where I am coming
from is that I have to more valuble to Enron than I am to Oxy because Oxy is
doing frustratingly little to leverage itself and Enron is setting every
trend imaginable in leveraging itself.

I appreciate any help you can provide.

Thanks.

Alan

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Wednesday, November 08, 2000 5:15 PM
To: Alan_Batt@oxy.com
Subject: Re: Resume

Alan:
I received your email.  I'll make sure it goes through the proper channels.
It may help if you give specific positions that interest you most as Enron
is such a big place, it will help focus the resume to the right people.
John


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000
08:57 AM ---------------------------

VKaminski@aol.com on 09/10/2000 11:25:53 AM
To: stemarie@icubed.com
cc: vkamins@enron.com, VKaminski@aol.com, shreve@matt.math.cmu.edu
Subject: (no subject)

Pierre-Philippe,

Thanks for your message. I shall be glad to make a presentation in early
November. I understand the presentation are on Fridays and November the 3rd
would be the best date for me.

If you prefer November the 10th, we have to wait a few more days with the
decision. We have a management conference every year in San Antonio and it
will be held either in the 2nd or the 3rd week of November. I shall know in a
few days. The same goes for November 9, assuming it was not a mistake (it's
Thursday).

I shall be free for dinner on the day of the conference. Thanks for the
invitation.

 Vince


Thanks for keeping me posted on the PRC meeting.  I will make travel plans
for the afternoon of December 13th accordingly.  --Sally

	From:  Kay Chapman                           11/20/2000 05:08 PM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Re: Out of the Office - Tuesday and Wednesday, November 21 and 22

I spoke with Charlene, she said they would start the meeting at 7:30 am and
should be done by noon or early afternoon.  Dave is ok with that...

Thanks,

Kay

	Enron North America Corp.

	From:  Sally Beck                           11/20/2000 04:59 PM

To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Louise
Kitchen/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON
cc: Kay Chapman/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Tammie
Schoppe/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Jeffrey C
Gossett/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT,
Shona Wilson/NA/Enron@Enron, David Maxwell/HOU/ECT@ECT
Subject: Out of the Office - Tuesday and Wednesday, November 21 and 22

I will be out of the office Tuesday and Wednesday this week.  I can be
reached at home (281-370-8568) or on my cell phone (713-417-1591) if
needed.   I will be checking and responding to voice mail messages while I am
out as well.

In my absence, please contact the following persons regarding trading
operations issues:

Gas Operations  Jeff Gossett  x37306
    Leslie Reeves x37962

Power Operations Jenny Latham x33982
    Leslie Reeves x37962

DPR    Shona Wilson x39123

MPR    David Maxwell x36983


The report named: West Power Position <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=29&report_name=West+Power+Position&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=01/07/2002>, published as of 01/07/2002 is now available for viewing on the website.


Vince,
Did you receive this paper?

Jason
---------------------- Forwarded by Jason Sokolov/HOU/ECT on 05/01/2001 03:55 PM ---------------------------

"Stuart Russell Hamel" <hamel@ruf.rice.edu> on 04/30/2001 04:52:12 PM
Please respond to <hamel@rice.edu>
To:	<vince.j.kaminski@enron.com>
cc:	<jason.sokolov@enron.com>
Subject:

Dr. Kaminski:

Please see our attached paper.

Thank you,
Jed Howard, Brian Nelson, and
Stuart Hamel
(713) 218-8903

 - winmail.dat


Sara,

As we discussed, attached is the memo that I wrote last September on the tax
implications of having a financial trader in Sydney.  As you will note, we
followed a service fee approach to reimburse the Sydney office on a cost-plus
basis for the costs incurred by the financial trader (including his
remuneration).  Important in this arrangement is that the Sydney financial
trader is not the principal in the trades but is only acting in a preparatory
or auxiliary manner for the ENA financial trades.

As we discussed yesterday, I will forward the latest draft of the service
agreement to you by e-mail.  David, could you send Sara and me conforming
copies of the executed agreement?

Also, we should probably also discuss the status of the documentation
relating to these trades.

I will be happy to discuss this memo with you in more detail at your
convenience.

Best regards,
Susan

---------------------- Forwarded by Susan Musch/ENRON_DEVELOPMENT on
04/12/2000 08:21 AM ---------------------------

Susan Musch
09/15/99 05:02 PM
To: Colin Jackson@ECT, Alan Aronowitz/HOU/ECT@ECT, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gary Hickerson/HOU/ECT@ECT, Harry
Arora/HOU/ECT@ECT, Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shari Stack@ENRON_DEVELOPMENT
cc:  (bcc: Susan Musch/ENRON_DEVELOPMENT)

Subject: Australian Financial Trader Tax Issues - Revised Memo

Attached is the revised memo on the Australian Financial Trader Tax Issues.
(Note you will find the changes in the background section of the memo.)
Please let me know if you have any questions or need any additional
information.

Best regards,
Susan


Oliver correctly pointed out that UK Power's Temporary VaR and NOP ratchet
down by $1.35MM VaR and 8.5 Twh, respectively, on 1/1/01.  So instead of the
limits in the e-mail message below,  UK Power's VaR and NOP are as follows:

   now - 12/22/00  12/23/00 - 12/31/00 1/1/01 - 1/5/01 1/6/01

UK Power VaR   $20.3MM  $20.3MM $18.95MM $13.95MM

UK Power NOP   68 Twh   68 Twh  59.5 Twh $59.5 Twh

Regards,
Cassandra.
---------------------- Forwarded by Cassandra Schultz/NA/Enron on 12/19/2000
07:56 PM ---------------------------

From:  Cassandra Schultz
       12/16/2000 10:46 PM

To: Naveen Andrews/Corp/Enron@ENRON, Matthew Adams/Corp/Enron@ENRON, Sunil
Dalal/Corp/Enron@ENRON, LaCrecia Davenport/Corp/Enron@Enron, Frank
Economou/NA/Enron@Enron, Xochitl Figueroa/NA/Enron@Enron, Frank
Hayden/Corp/Enron@Enron, Christian LeBroc/Corp/Enron@ENRON, Nick
Paraschos/Corp/Enron@ENRON, David Port/Market Risk/Corp/Enron@ENRON, Manfred
Roenz/Corp/Enron@Enron, Vladimir Gorny/HOU/ECT@ECT, Rebecca
Phillips/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, Veronica Valdez/HOU/ECT@ECT,
Rudi Zipter/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Minal
Dalia/HOU/EES@EES, Darin Schmidt/NA/Enron@ENRON, Bharat
Khanna/NA/Enron@Enron, Lloyd Fleming/LON/ECT@ECT, Oliver Gaylard/LON/ECT@ECT,
Suzanne Bain/LON/ECT@ECT, Jitendra Patel/Market Risk Management/LON/ECT@ECT,
Homan Amiry/LON/ECT@ECT, Michael Pitt/EU/Enron@Enron, Sally Beck, Chris
Abel/HOU/ECT@ECT, Michael Benien/Corp/Enron@ENRON, Kenneth
Thibodeaux/NA/Enron@ENRON, Daniel Falcone/Corp/Enron@ENRON
cc: Ted Murphy

Subject: Upcoming Discretionary VaR Limit Changes

Per discussion with Ted Murphy and Rick Buy, the following policy limit
changes are anticipated.  Note:  these are subject to change given market
volatility.

EES - $2MM Discretionary VaR expiring on 12/22/00  ------------------------>
EXTENDED THROUGH 1/5/01

Aggregate VaR Limit of $140MM - $40MM expiring on 12/22/00 ---------->
EXPIRES AFTER 12/22/00 - reduced to permanent Aggregate VaR Limit of $100MM

NA Gas - $35MM Discretionary VaR expiring on 12/22/00 ------------------>
EXPIRES AFTER 12/22/00 (with reduction in Aggregate VaR Limit to $100MM)

UK Power - $5MM Discretionary VaR expiring on 12/22/00 ---------------->
EXPIRES AFTER 12/22/00 (with reduction in Aggregate VaR Limit to $100MM)

NA Gas - $15MM Discretionary VaR expiring on 12/22/00 ----------------->
EXTEND $10MM THROUGH 1/5/01

       -----------------> REALLOCATE $5MM to UK Power THROUGH 1/5/01.

Therefore, the following VaR limits are/will be in place:

   now - 12/22/00  12/23/00 - 1/5/01 1/6/01
EES    $7MM   $7MM  $5MM

NA Gas    $110MM  $70MM  $60MM

UK Power   $20.3MM  $20.3MM $15.3MM

Aggregate VaR Limit  $140MM  $100MM $83MM

Vlady/Frank - Ted told Lavorato the NA Gas information on Friday.

Vlady/Minal - nothing to my knowledge has been communicated to EES yet.  You
can check with Ted to see if he did already.

Oliver, please communicate the anticipated limit changes for UK Power to the
commercial and risk management/energy ops people who need to know.  If an
extension is needed in the Discretionary VaR, at this point an analysis and
presentation will be required to justify the extension to get Rick Buy and
Ted Murphy to approve.

Feel free to call me with any questions.  I'm out on vacation this week, but
can be reached at home or on my cell phone.

Happy Holidays,
Cassandra.
home  936 321 2185
cell 713 858 2618


----- Forwarded by Maureen McVicker/NA/Enron on 01/12/2001 02:08 PM -----

	Karen Denne
	01/12/2001 09:45 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Linda
Robertson/NA/Enron@ENRON, Peggy Mahoney/HOU/EES@EES, Maureen
McVicker/NA/Enron@Enron
		 cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron
		 Subject: California Power Failure

Please see attached editorial, which ran in yesterday's New York Times and is
in today's Houston Chronicle.  We are distributing to all key media who have
been covering California energy.

SF team -- Please distribute to all legislators, trade and industry
organizations,  etc.
Linda -- Please forward to Quinn Gillespie to distribute in Washington.
Maureen -- Please distribute to the internal GA team.

Thanks.
kd

Editorial Desk; Section A
Essay
California Power Failure
By WILLIAM SAFIRE

01/11/2001
The New York Times
Page 31, Column 1
c. 2001 New York Times Company

LOS ANGELES -- In the past decade, California has become the most Democratic
state in the nation. It has a Democratic governor, two liberal Democratic
senators, and both houses of its legislature are firmly in Democratic hands.
Not for nothing is it called the Left Coast.
Then why, Californians now ask themselves, is their state the most troubled
in the nation? Bad enough that Hollywood's writers are preparing to strike;
worse that speculators in Silicon Valley start-ups are watching their stack
of chips dwindle; worst of all is the unforeseen electricity shock that is
making the state's hair stand on end.
The price of electricity is soaring, yet the big electric utilities are
threatened by bankruptcy. Who's to blame?
The chosen villain: deregulation. As soon as cruel market forces were allowed
to work, cry liberal voices, those heartless capitalists drove up prices.
Bring back the cool, calm days of inefficient monopolies under government
control.
But in fact, the first villain is botched deregulation -- not as bad as in
Russia, but 'tis enough, 'twill do.
California's politicians deregulated halfway, which is the worst way:
wholesale prices were freed from controls, but retail prices were not.
Consumers remained seemingly protected, but the utility companies -- which
foolishly thought wholesale prices would go down forever -- were enabled to
buy on the spot market. Legislators believing they were protecting consumers
forbade long-term contracts, which are hedges against sudden price
fluctuations.
This halfway dereg ran smack into the inexorable law of supply and demand.
The good times of the 90's sharply increased demand for electric power. But
all sorts of obstacles were put in the way of increasing the supply of that
power.
Result: upward pressure on prices, calls for rationing, utilities going
broke, government intervention that frightens off private investment, and the
danger of an economic Big One in the state responsible for 13 percent of the
nation's product.
The unspoken issue in this bastion of liberalism is ''nimby'' -- the real
villain in the current supply crisis, that says ''not in my backyard'' to
power plants. In San Jose, epicenter of the computer industry's drain on
electric power, New Economy voters recently rejected a new power facility
that offended their aesthetic sensibilities. Red tape and purple rhetoric are
the reasons no major power station has been built in California in 10 years.
Contrary to popular belief, electricity does not come from the socket in the
wall. The steady flow of low-cost power comes from factories that convert
energy from other sources into the stuff that makes toasters pop,
air-conditioners wheeze and computers beep. Unless energy is dug up and
produced in real places and transmitted through real lines, nothing comes out
of the wall.
Environmentalists recoil in horror at suggestions of nuclear power, now a
safe and clean source of electricity, or the use of cleaned-up coal to lower
the price of natural gas that generates it. Reducing pollution sensibly is
laudable, but clean-air extremists become local heroes without telling
constituents the danger of loss of Intel jobs and cheap electricity's
household convenience.
The answer is not re-regulation, nor more halfwayism, nor federal bailout.
When Gov. Gray Davis of California raced to Washington, D.C., to ask for
wholesale price controls, he found Bill Clinton too busy carving up Jerusalem
to mediate; Clinton-appointed federal energy bureaucrats offer only
palliatives, with photo op to follow.
Davis's panicked proposal to build state-owned plants (in Nevada? On the
moon?) and his threat to seize the assets of ''price gougers'' may please
some new breed of dot-communists. But such populist pap destroys private
incentive to invest and is hardly the path for a presidential hopeful
professing to be a centrist.
After short-term action to alleviate hardship caused by past and present
political-industrial blindness, our biggest state should avoid regressing
into more stultifying regulation and instead get out of the way of
stimulating supply.
Why do I sound like a reformed drunk on this? Because I wrote the Nixon
speech imposing wage and price controls. They never work in peacetime. Never.

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


Start Date: 1/4/02; HourAhead hour: 19;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010419.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 19 / Preferred: 158.87 / Final: 158.84)
  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 1/4/02
  SC_ID: ENRJ


577824
sell sempra
np
Q2-02
$80

This is the other side of the EES sleeve - Prebon gave Mike these prices, and
he couldn't get ahold of them tonight, so we'll check in the morning.

Kate

Evelyn Metoyer@ENRON
04/10/2001 03:35 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Missing Deal for 4/10

Mike Driscol
Prebon
I am missing this deal:

Enron sells from Sempra 25 mw of Q2'02 NP-15 peak hrs at $98.00


Another pipeline name change to notify you of:  Transok, LLC merged with and into Enogex Inc. effective 01/01/02.  I made this change in Global Contracts effective operationally for 03/01/02.  Please note this for any transportation deals done in Sitara from 03/01/02 forward.

Please let me know if you have any questions.

Thanks,
SBR x30569

 -----Original Message-----
From: 	Balfour-Flanagan, Cyndie
Sent:	Monday, March 04, 2002 2:03 PM
To:	Richardson, Stacey
Subject:	FW: Pipeline Name Change, effects Global Facility & Global Contracts

I'd send an email to the folks listed below & to Chris Germany. (My email is attached) So that they can make any changes necessary in Sitara.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Thursday, February 28, 2002 2:49 PM
To:	Olinger, Kimberly S.; Kelly, Katherine L.; Wynne, Rita; Garza, Maria; Concannon, Ruth; Fowler, Kulvinder
Cc:	Balfour-Flanagan, Cyndie
Subject:	RE: Pipeline Name Change, effects Global Facility & Global Contracts

FYI:  Pipeline name change.  Not sure who this might impact.  At least I don't see any deals in Sitara on this pipeline.

There will be a quiz tomorrow afternoon at 4:45 PM.

 -----Original Message-----
From: 	Balfour-Flanagan, Cyndie
Sent:	Thursday, February 28, 2002 2:38 PM
To:	Germany, Chris
Subject:	Pipeline Name Change, effects Global Facility & Global Contracts

Okay, not sure who, if anyone, cares or needs to know BUT . . . .

Stingray Pipeline Company (34271) has been changed to Stingray Pipeline Company, L.L.C. (200104). This change created a new Global Counterparty number so it prompted manual changes to the Pipeline Name & Pipeline Counterparty data within Global Facilities. It also prompted the need to move (via assignment within Global Contracts) all service related agreements from the old GCP record to the new GCP record. I left both names on the Global Record, BUT due to system controls can only have 1 listed with the role of "Pipeline". This role was assigned to the "new" name & the old name (which is now a suspended GCP record) was made "Alternate Payee". This was a "guess" role - - - - and I have no idea of how the service side is impacted or at what level it validates the Global record attached to the deal. All contract services are the same on each record, but the role of "Pipeline" now resides with the new GCP.

Can you either let all those who need to know - - - know & let me know who/how should I share information like this in the future. You got a Transportation Greenie (just 'learned' how to change pipeline names today) over here.

Thanks so much!!
Cyndie


Mark: Just to let you know that we already engaged Pinheiro Neto to assist us
with the Enron On Line project. They promised to prepare the preliminary
memorandum in 5 business days after receiving the questionnaire. Please let
me know when you plan to send us the material and whether I can do anything
to help. Thanks much.


Steve and Linda:

Here is the first draft of the Supreme Court brief.  I inadvertently left you
all off my prior earlier.  Please let us know if you have any comments.  The
brief is due to be filed at the court on April 19.

Thanks

Sarah

----- Forwarded by Sarah Novosel/Corp/Enron on 04/12/2001 10:25 AM -----

	Sarah Novosel
	04/10/2001 10:31 AM

		 To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 cc: Marcia A Linton/NA/Enron@Enron
		 Subject: Draft of Supreme Court brief

Jim and Rick:

Here's the first draft of the Supreme Court brief.

Marcia:

Would you please print this out for me.

Thanks

Sarah
----- Forwarded by Sarah Novosel/Corp/Enron on 04/10/2001 10:27 AM -----

	"Cohen, Louis" <LCohen@Wilmer.COM>
	04/07/2001 01:20 PM

		 To: "'dbva@radix.net'" <dbva@radix.net>, "'jhartso@enron.com'"
<jhartso@enron.com>, "'snovose@enron.com'" <snovose@enron.com>,
"'tabors@tca-us.com'" <tabors@tca-us.com>, "'jcardell@tca-us.com'"
<jcardell@tca-us.com>, "Jeffrey D. (Dan) Watkiss (E-mail)"
<dwatkiss@bracepatt.com>, "Killory, Ted" <TKillory@Wilmer.COM>, "Frankel,
Jonathan" <JFrankel@Wilmer.COM>, "Plotnick, Michael" <MPlotnick@wilmer.com>,
"Palansky, IJay" <IPalansky@wilmer.com>
		 cc: "Cohen, Louis" <LCohen@Wilmer.COM>
		 Subject: Draft of Supreme Court brief

Here is a first  publishable draft.? This has benefited greatly from comments
by Richard,  Judy, and of course Dan, but wcp takes full responsibility.
?
Careful further  review by all is needed.? I can identify two basic problems:
the repeated  statistics for use of the grids are believed to be about right,
but we lack  authoritative sources and we need to go with something firmer
(as we in the  power biz say); second, the examples given both late in the
statement and near  the end of the brief have been reworked by me in light of
some very helpful  conversations yesterday, but I may not have gotten them
right, or put them as  well as I could have; these also need citations if
possible.
?
I will be out of  play until late morning Monday (going to Charlottesville
for a speech by my  spouse).? Comments should be routed to others on the WCP
team as well  as?me.? We hope to have all significant comments by the end of
next  week (earlier?where possible of course), so that we can put the brief
in  final shape over the weekend.
?
Thanks to  all.
 - Draft Petitioners Brief v6.doc


This looks good to me.  We'll track down Janet if that is ok with you.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/13/2001 10:36
AM ---------------------------

	From:  Kathleen Carnahan                           02/12/2001 01:26 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: enovate appointments

Kay,

The enovate appointment looks fine, but I made minor changes to the signature
block if that is okay.

The enovate appointment looks fine if Janet can still sign as Managing
Director of ENA.

Kay Mann
02/12/2001 12:47 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: enovate appointments

Hi.

This is one of my top priorities.  I think it looks fine.  What do you think?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 12:45
PM ---------------------------

Kay Mann
01/30/2001 12:04 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: enovate appointments

Let's discuss.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/30/2001 12:04
PM ---------------------------
From: Gregg Penman on 01/26/2001 01:16 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: enovate appointments

Kay - have you had any chance to give this some thought?  We are about to
take some actions that require Board approval so I would like to get this
finalized. Let me know.  Also, I am trying to get back on the Intercompany
loan stuff.  I am going to be in Houston next week and have Wednesday pretty
open.  Are you going to be in town?  If so, maybe we could get together for
half hour or so to go over the loan stuff.

Thanks - Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 01/26/2001 01:14 PM -----

	Gregg Penman
	01/17/2001 08:41 AM

		 To: Kay Mann/Corp/Enron@Enron
		 cc:
		 Subject: enovate appointments

It looks like your memory serves you well.  Section 6.8.2 allows the Managing
Member to designate officers of enovate.  I revised the original appointment
declaration you prepared to reflect Laura as VP.  Take a look at it and let
me know if it works.  If so, I will probably ask you to have Janet execute it
at your convenience.

Thanks - Gregg


check it out.

 -----Original Message-----
From: 	Schoen, Mary
Sent:	Tuesday, September 25, 2001 8:54 AM
To:	Woods, Trevor
Subject:	FW: E-GRID2000 Ver 2.0 now available

 -----Original Message-----
From: 	Morgan.Rick@epamail.epa.gov@ENRON [mailto:IMCEANOTES-Morgan+2ERick+40epamail+2Eepa+2Egov+40ENRON@ENRON.com]
Sent:	Monday, September 17, 2001 2:51 PM
To:	Morgan.Rick@epamail.epa.gov
Subject:	E-GRID2000 Ver 2.0 now available

Version 2.0 of E-GRID2000 is now complete and available by download from
our website:
     www.epa.gov/airmarkets/egrid/
Version 2.0 of E-GRID2000 will also be available on a free CD-ROM.
Existing orders for the CD-ROM will be filled beginning in early October.
If you would like to place a new request for the CD-ROM, please send your
mailing address to:
     comments.egrid@epa.gov

Version 2.0 of E-GRID2000 includes several new features, such as:
     * interchange data between grid regions for 1994 through 1998
     * estimated imports/exports by state for 1994 through 1999
     * total US imports/exports for 1994 through 1999
     * improved Data Browser and Spreadsheets
E-GRID2000 Version 2.0 includes 1998 data for emissions and resource mix,
reflecting minor revisions from Version 1.0, released March 2001.  For a
more detailed description of E-GRID, see the following:
     www.epa.gov/airmarkets/egrid/factsheet.html

Forthcoming E-GRID2001, with 1999 data, should be completed by this winter.

Rick Morgan
Senior Energy Analyst, Energy Supply & Industry Branch
Climate Protection Partnerships Division (6202J)
EPA Office of Atmospheric Programs
1200 Pennsylvania Ave., NW [for US Mail only]
Washington, DC 20460
501 Third St., NW, DC 20001 [for deliveries]
phone: (202) 564-9143
fax: (202) 565-2156


Location of Meeting:  EB-4051 (Steve Hotte's office)

Meeting Purpose:
Planning session to discuss and agree on key issues and actions for ongoing
support and development.

Expected Outcomes:
Understand the new SAP organization structure, roles and responsibilities.
Understand top three or four production support concerns.
Gather feedback on proposed list of enhancements and projects for the next
6-12 months.
Understand the proposed planning process for new enhancements and projects.
Outline next steps.


According to somebody - housecats left outside kill over 1,000,000 tweety
birds a day!


I suspect everyone has seen today's front page WSJ, but in case you have not
. . .

Hurt by Deregulation of Utilities,
California Gives Itself Lead Role
By REBECCA SMITH and JOHN R. EMSHWILLER
Staff Reporters of THE WALL STREET JOURNAL

SACRAMENTO, Calif. -- In a video made for a political roast, Gov. Gray
Davis, mimicking the Mafia boss in "The Sopranos," complains to his
therapist about Texas bad guys pushing electricity prices sky high. He vows
to get tough. Soon, a Davis confederate ushers four men in 10-gallon hats
into an office, shots ring out, and the aide, emerging blood-spattered,
delivers the punch-line: "Tell the governor his Reliant problem is solved."

While Gov. Davis hasn't gone that far in his fight with suppliers such as
Houston-based Reliant Energy Inc., he is in other ways trying to blast his
way out of the crisis. His moves are coming in rapid succession after months
of criticism of the governor for inaction, and they are fast reshaping the
state's electricity system.

With the acquiescence of other state leaders, Gov. Davis has put California
on the road to creating what amounts to a mammoth state-owned electric
utility, answerable largely to the governor. Moreover, though designed to
solve a short-term emergency, the governor's policies are loading consumers
with obligations that could affect the economy of the most-populous state
for 15 to 20 years.

His actions in some ways hark back to the system of central control that
preceded the disastrous 1996 foray into utility deregulation. But they
aren't simply a return to the days of monopoly utilities strictly regulated
by the state's Public Utilities Commission. What is emerging now is a
California power colossus that operates in important ways beyond the reach
of regulators or the public.

Mr. Davis says his actions will ensure that Californians have a secure
supply of reasonably priced electricity. "This is not a power grab," the
Democratic governor says in an interview. "I had no desire to intervene. I
would get out tomorrow if you would let me out. This is my least-favorite
thing to do."

'Colossal Failure'

Yet in the past six months, pushed by what he calls the "colossal failure"
of a deregulation plan hatched under his Republican predecessor, the
governor has put the state deep into the power business. In January, Mr.
Davis ordered the state Department of Water Resources to begin buying power
in place of California's cash-strapped utilities. Since then, the state has
purchased or committed to purchase $45 billion to $50 billion of
electricity, with some contracts as long as 20 years.

The governor has in effect seized control of the state's electricity-grid
operator, the California Independent System Operator, installing his
hand-picked team as board members. As its name implies, the ISO was supposed
to manage the grid without favoring any one participant.

Mr. Davis also is pushing to have the state buy huge chunks of the
transmission system that are owned by the financially beleaguered utilities.
He recently signed into law a bill that creates a state power authority,
whose director will be appointed by the governor. This agency, which so far
exists just on paper, could be used to build power plants and help run a
state-owned transmission system. Mr. Davis says that the authority is part
of what he sees as a "hybrid" system where public power plays an important
role augmenting private enterprise in the electricity business.

Reviving the Utilities

Having healthy utilities is extremely important, says the governor. He adds
that he has been working hard to revive the state's two biggest utilities,
the Pacific Gas & Electric Co. unit of PG&E Corp. and the Southern
California Edison Co. subsidiary of Edison International. But as the state's
role in the electricity business has grown, the utilities don't seem as
essential as they once did.

This is one reason the governor has had difficulty getting a rescue package
for Edison through the state legislature. The plan, among other things,
calls for the state to buy Edison's transmission system for $2.76 billion
and envisions the utility eventually resuming some power-buying chores.
Talks over a similar rescue package for Pacific Gas failed and that utility
filed for bankruptcy-law protection.

With the state locking up so much of California's future power needs,
legislators openly wonder whether utility-rescue efforts are worth the
billions of dollars they would require. In 2003, for instance, long-term
contracts will cover 90% of the state's projected buying needs. "What does
it mean for Edison to take over the role [of buying power] if the state
already has signed all these contracts?" asks State Sen. Debra Bowen, a
Democrat who heads the senate's energy committee.

Nonetheless, the governor says he is "cautiously optimistic" the legislature
soon will approve an Edison rescue package.

Mr. Davis has been deeply enmeshed in almost every aspect of the electricity
mess this year, after having once been relatively aloof from the burgeoning
crisis. The state's utility-deregulation law, which was enacted in 1996,
worked fairly well until May of last year. Under the deregulation plan, the
state's investor-owned utilities sold off many of their power plants to
other companies and repurchased that electricity through a state-sponsored
auction. Consumer rates were frozen and customers were given the option to
buy electricity from nonutility retail suppliers.

But tight electricity supplies and a flawed auction system led to a sharp
rise in wholesale power costs. With retail rates frozen, Pacific Gas and
Edison racked up multibillion-dollar deficits. In January, Mr. Davis
declared an emergency and put the state into the power-buying business.

Since then, he hasn't been bashful about exercising his emergency powers.
When Mr. Davis couldn't get legislative permission to borrow money
short-term for power purchases, he signed an executive order authorizing the
state to borrow up to $5 billion from commercial lenders. That borrowing is
supposed to be repaid from a roughly $13 billion municipal-bond issue, the
biggest in U.S. history, scheduled for later this year.

In another executive order, the governor suspended emission standards for
power plants to let them run more hours during the peak-demand periods. And
the state has hired a small army of energy consultants and traders.

Despite such actions, some think Mr. Davis isn't being forceful enough. For
example, the state senate last week passed a resolution supporting the
governor's power to "commandeer power plants" if he deems such a step to be
necessary. Mr. Davis has said he doesn't have any plans currently to take
such an action.

'Crisis of Governance'

The electricity mess has produced "the most extraordinary crisis of
governance we've had in California in the postwar period," says Bruce Cain,
director of the Institute of Governmental Studies at the University of
California at Berkeley. Mr. Cain says more power has been placed in the
governor's hands and, as a result, the state has "gotten away from the
separation of powers and the checks and balances that we expect in American
government."

Mr. Davis says his actions have been essential and are working. He credits
the long-term power contracts with helping to cool the spot market for
electricity, where prices in recent weeks have dropped sharply. In June, the
state paid an average price of $167 a megawatt hour for electricity. That
was down from $243 in May, though still far above the $25-to-$27 range of
two years ago.

But some worry about how this rush to address a short-term problem will
affect the longer-term future. An economic forecast issued late last month
warned that continued heavy state involvement and spending in the
electricity business could produce enough of a drag on the California
economy to reduce state output by a total of $90 billion by 2005 and lead to
higher unemployment. "California is at a crossroads" between what amounts to
a "state takeover of the electricity industry" and a more market-oriented
approach to fixing the problem, says the joint study by the Anderson
business school at the University of California, Los Angeles, and Cambridge
Energy Research Associates.

Under a law enacted in February, none of the tens of billions of dollars of
state electricity purchases or related costs can be challenged as imprudent
by the Public Utilities Commission. That's an immunity that regulated
utilities in the old regime could only dream of. Then, if they spent too
much, the PUC could make their shareholders take a hit. Under the new
system, any purchasing missteps the state makes will be borne by consumers.

"It scares the hell out of me," says Henry Duque, a Republican PUC member
appointed by former Gov. Pete Wilson. "The state is so busy looking after
its own interests. ... Who's looking out for the ratepayer?"

PUC President Loretta Lynch, a Davis appointee, acknowledges that the
commission's authority has been seriously eroded. Under the new law, the
commission is supposed to charge consumers for whatever sum the Water
Resources Department spends on energy. She hopes to hold hearings to review
the spending "even if we can't do much about the result."

Gov. Davis says concern about less oversight of power purchases is a "bogus"
issue. "It is not as if a private company or utility was making the
decisions. The PUC doesn't need to second-guess the decisions of a public
body," he says.

But other state moves suggest there's a role for oversight. The state is
only now doing a conflict-of-interest inquiry after several of its new
energy hires filled out disclosure forms that showed they held stock in big
power suppliers to the state. The governor's press secretary, Steve
Maviglio, says he doesn't know whether they were asked about their holdings
before being hired. He says the state will take "appropriate action" where
conflicts of interest are found.

The rush to beef up an outgunned state energy team may have contributed to
the hiring problem. Early on, "we had two or three people sitting around and
dealing with" big and savvy electricity suppliers, says Mr. Davis, almost
like a "tee-ball team playing the New York Yankees."

The state has since hastily assembled a group of about 20 energy traders,
headed by a 30-year-old manager with one year of experience in the energy
business. The manager, Susan Lee, has held four jobs in the past four years
and is getting paid up to $480,000 over two years for her services. Ms. Lee
declines to comment.

Good Enough

Even so, Mr. Davis argues, state negotiators did well enough. They managed
to help lower current power costs, he notes, although that required signing
deals that could force the state to "pay a little more" than it otherwise
would have in the years ahead. "I think Californians are willing to accept
that bargain," he says.

Still, he and some other state leaders are urging the PUC to revoke a
fundamental tenet of deregulation: the right of consumers to shop around for
low-cost electricity. Removing this option is essential to prevent a "jail
break" of customers seeking prices lower than what the state must charge,
says Carl Wood, one of Mr. Davis's three Democratic appointees to the
five-member PUC. A flight of customers could leave too few to pay for
state-purchased power and repay the planned bonds. The PUC is scheduled to
vote in August on the request to revoke consumer choice.

Some users are concerned about being stuck with what amounts to a state
monopoly. "We don't want to lose our options" to shop for lower-cost
electricity, says Shawn Covell, a senior manager at Qualcomm Inc., the
telephone-equipment maker. Earlier this year, Qualcomm signed an agreement
to buy power from an alternative supplier, the kind of move state officials
seek to ban.

While consumer choice is in doubt, public disclosure has already been
lessened in some ways. For months, the state refused to divulge terms of
power deals it was signing, saying that doing so would harm negotiations on
additional contracts. It finally made public the long-term contracts this
month after a lawsuit by a group of newspapers, including The Wall Street
Journal. Details of short-term power purchases were disclosed for the first
time on July 9. They showed the state spent nearly $8 billion on spot-market
purchases in the first five months of 2001, exceeding its projections.

Some Davis allies are troubled. "Decisions are being made, with almost no
public discussion, that foreclose other options," says Ms. Bowen, the state
senator, who is close enough to the governor that she played his therapist
in the "Sopranos" skit. While Sen. Bowen says the governor needed to act
forcefully, she is troubled that so much power has been bought at what she
fears will prove to be extremely high prices in the years ahead. Still, she
voted for the bill that gave the executive branch carte blanche to make
those huge commitments.

The right to go to court also has been limited. Under a law soon to take
effect, challenges to certain aspects of the planned $13 billion bond issue
can be taken only to the state Supreme Court. That panel has accepted only
two utility-related cases over the past decade. Backers of the measure say
it gives adequate opportunity for review without unduly slowing the bond
offering.

'One Voice'

The state's enlarged role in the utility business was on display when
negotiators convened recently at the Federal Energy Regulatory Commission in
Washington to discuss alleged supplier overcharges. California's major
utilities played only a secondary role, even though they paid much of the
purported overcharges and ran up giant deficits in doing so. The governor
had named one of his advisers, Michael Kahn, as head of the 20-person state
delegation, and Mr. Kahn says the delegation "spoke with one voice -- mine."

Mr. Kahn told FERC that California was owed $8.9 billion in refunds. Others,
including the FERC administrative-law judge overseeing the talks, said the
number was probably much lower. The state wouldn't budge, and the talks
ended without an agreement. Last week the judge recommended that a
"trial-like" proceeding be held to sort out who owes what to whom.

Mr. Davis says the state will go to an actual court if it doesn't get all
the money it is seeking through the FERC proceedings. And he vows to do
whatever else is necessary to get California through the electricity crisis.
"I have no desire to subsume the legitimate role of the private sector," he
says. But, he adds, Californians got such a "raw deal" from the deregulation
mess that "I have had to had take a very militant, hard-line view."

Write to Rebecca Smith at rebecca.smith@wsj.com and John R. Emshwiller at
john.emshwiller@wsj.com


Hello

New phone and fax numbers,  The Iraq Trade Association is happy to announce
a new high-speed fax line dedicated solely to accept your offers. +43 (0)
463 339095 so from USA 001-43-463-339095, however our preferred method is
email to receive offers.

Our new phone number is +43 (0) 463 339094 so from USA 001-43-463-339094

+++++++++++++++++++++++++++++++++++++++++++++++++
UN tenders are now available for download

http://www.iraq.nu/oil/

This information is not available through any other source including the UN
website.
+++++++++++++++++++++++++++++++++++++++++++++++++

These tenders include thousands of oilfield products and services including
drilling contracts and complete Rigs. Most tenders include complete details
needed to quote. As we have stated in our previous newsletters Our relations
in Iraq are very strong and our ability to gain the contracts is extremely
high. All Successful bids will be subject to UN approval and paid by UN
letter of credit.

The Iraq government is looking for many items like Drilling Rigs, Refining
Units, Machine Shop Equipment, Trucks, Heavy Equipment, Electric/turbine
Generators. ect....

If you have items in stock with a value of more than 250,000 USD the
ministry may write a special purchase order if they feel they are in need of
your products so please e-mail what you have available and if it is
significant we will work to get a contract.

Please keep in mind that if a closing date is expired on a tender that many
or the tenders are re-opening several times If you have not already sent
your catalogues of your products and services please do so to the address
below.

---------------------------------------------------------------------------
Special Request: We need 50 Mercedes or Scania 6x2 tractor trucks approx
year model 1996 for immediate cash purchase.
---------------------------------------------------------------------------
Special Notice:
We have placed the program webstripper in the http://www.iraq.nu/oil/
directory. If you wish to download all tenders at once use this program and
it will create a directory called stripped on your hard drive with all files
just install the webstripper program and use the URL http://www.iraq.nu/oil/
when prompted. After use of this program you can search keywords using your
search function on your computer to find files containing items you may want
to quote on.
----------------------------------------------------------------------------

Please email quotes or questions to:

William.Stanley@Iraq.nu

Stanley KEG

Industriering 11
A-9020 Klagenfurt, Austria
Please email quotes or questions to:

Thank You

William L Stanley

To unsubscribe send a mail to:

mailto:iraq-unsubscribe-fermis=ect.enron.com@boss.free4all.com


kward	frady18cat

 -----Original Message-----
From: 	Polsky, Phil
Sent:	Friday, November 16, 2001 7:16 AM
To:	Bronstein, Mara; Miller, Stephanie; Polsky, Phil; Tycholiz, Barry; Ward, Kim S (Houston)
Subject:	Move Coordination

Please e-mail me your network user id and password today.  Also, notify me if there is anything particular to your configuration that I should know about.  I will be coming in on Sunday to ensure that our programs and hardware are running correctly after the move.

Thanks.


I spoke today to a staff member of the Cabinet of Minister Deleuze, Belgian
Federal Minister for Energy and Sustainable Development.  As you will know,
Minister Deleuze will be chair of the EU Environment Ministers as of July
when Belgium takes over the rotating Presidency of the EU.  Thus he is
presently intimately concerned with EU follow up to Kyoto.

The Cabinet of Deleuze is taking very seriously reports that Bush will table
a series of initiatives at the Bonn COP VI meeting, which are designed to get
the US time to consider a comprehensive new approach to climate change issues
and will finally ditch consideration of Kyoto (by others). The EU (in my
opinion) would seek to counter any such 'wrecking tactics' by increasing the
pressure on the US in the interim (though the sensible political response,
tabling EU suggestions that the US would have to reject, seems to have eluded
the EU till now).

The end point of any such plan by Bush would be a US emphasis on trade/market
based mechanisms, no multilateral approach but bilateral deals, and
technology transfer.

(If we have any messages on this issue for the EU, this contact would be a
good input point.)

Incidentally, in Brussels today, Thomas Brewer of the Jorunal of
International Business Studies, gave a very persuasive account of why the
Republican leadership is out of touch even with its rank and file membership
on environmental issues.  He used polling data to indicate this, and the
suggested conclusion, that Bush will now have to move  'constructively' on
the issue, was well argued.

Lastly, do we have a contact in Washington who could comment on this?

Brendan Devlin


Dear Dr. Kaminski,

I was recently allowed to release into the public domain on the limited basis
the first of the preprints that I recently authored on my model for spikes in
power prices and for the valuation of the contingent claims on power. In this
regard, I have just given a talk on this model at the joint seminar of the
Center for Energy Finance Education and Research and the Institute for
Computational Finance at the UT Austin. Right now I am also in the process of
forming a list of specialists both in the industry and academia who might be
interested in receiving this preprint. Please let me know if you might be
interested in receiving this preprint.

I look forward to hearing from you.

Sincerely yours,

Valery Kholodnyi
Manager of Quantitative Analysis
Research and Analytics Group
TXU Energy Trading

PS. Here are the main preprints that I have recently authored on my model for
spikes in power prices and valuation of contingent claims on power:

1. Valery A. Kholodnyi, The Stochastic Process for Power Prices with Spikes
and
Valuation of European Contingent Claims on Power, Preprint, TXU-RAG-01/00,
July
2000.
2. Valery A. Khlolodnyi, Valuation of a Swing Option on Power with Spikes,
Preprint TXU-RAG-05/00, August, 2000.
3. Valery A. Kholodnyi, Valuation of a Spark Spread Option on Power with
Spikes,
Preprint TXU-RAG-21/00, November 2000.
4. Valery A. Kholodnyi, Valuation of European Contingent Claims on Power at
Two
Distinct Points on the Grid with Spikes in Both Power Prices, Preprint
TXU-RAG-24/00, November 2000.
5. Valery A. Kholodnyi, Valuation of a Transmission Option on Power with
Spikes,
Preprint TXU-RAG-25/00, November 2000.

As I have indicated to you in my previous e-mail, contrary to the standard
approaches, I model spikes directly, as self-reversing jumps on top of a
stochastic process for the regular dynamics of power prices in the absence of
spikes. In this way the dynamics of power prices is modeled as a non-Markovian
process, even if the process for the regular dynamics of power prices is
Markovian. Among other things my model for spikes allows for the explicit
valuation and hedging of contingent claims on power with spikes, provided that
the corresponding contingent claims on power can be valued and hedged in the
absence of spikes.


John,

Will you advise if you have completed the transactions per our discussion on
October 17, 2001:

Selling   US Gas Swap Nymex Dec01  USD/MM-L   100  @ $2.96125
Buying   US Gas Swap Nymex Jan02  USD/MM-L    100  @ $3.13875

We have not received any confirmation that these transactions have been
completed.

Thanks,
Cindy Kisling
OGE Energy Resources
(405) 553-6475 - voice
(405) 553-6498 - fax
Kislince@er.oge.com

>  -----Original Message-----
> From: 	Kisling, Cynthia E
> Sent:	Thursday, October 18, 2001 9:27 AM
> To:	'jarnold@enron.com'
> Cc:	Schurman II, Rankin; Burrows, Phil W; Mercer, Donna S; Gencheva,
> Daniela I
> Subject:	Enron Deal from 17-Oct-01
>
> John Arnold,
>
> Per our conversation on Wednesday, October 17, 2001, you would be
> executing the following transaction over-the-counter on October 17:
>
> Selling   US Gas Swap Nymex Dec01  USD/MM-L   100  @ $2.96125
> Buying   US Gas Swap Nymex Jan02  USD/MM-L    100  @ $3.13875
>
>
> The trades above will be used to offset the following trades from
> 17-Oct-01:
>
> Enron # = 2032181
> Buying  US Gas Swap Nymex Dec-01  USD/MM-L    100 @ $2.96125
>
> Enron # = 2032182
> Selling  US Gas Swap Nymex Jan-02   USD.MM-L    100 @ $3.13875
>
> If you have any questions, please contact me at  (405) 553-6475.
>
> Thanks,
> Cindy Kisling
> OGE Energy Resources
> (405) 553-6475 - voice
> (405) 553-6498 - fax
> Kislince@er.oge.com
>


Greg and I tried to call you but you weren't there.  We'll call you tomorrow.
----- Forwarded by Tana Jones/HOU/ECT on 03/14/01 06:40 PM -----

	Wendy Conwell@ENRON
	03/14/01 03:51 PM

		 To: Tana Jones/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Susan
Bailey/HOU/ECT@ECT, stephanie.panus@enron.com, Mary Cook/HOU/ECT@ECT
		 cc: Tracy Ngo/PDX/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Paul
Radous/Enron@EnronXGate
		 Subject: Calgary Winter Club

Please note this is to be done on the Canadian Industrial Master Form.

Thanks
Wendy
---------------------- Forwarded by Wendy Conwell/NA/Enron on 03/14/2001
03:49 PM ---------------------------

From:  Wendy Conwell
   03/14/2001 02:01 PM

To: Tana Jones/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Susan
Bailey/HOU/ECT@ECT, stephanie.panus@enron.com, Mary Cook/HOU/ECT@ECT
cc: Tracy Ngo/PDX/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Paul
Radous/Enron@EnronXGate

Subject: Calgary Winter Club

Mary,

Please find attached the credit worksheet for Calgary Winter Club.  Please
call with questions or comments.

Wendy


What is my user id and password

-----Original Message-----
From: itiliti GRI Notification [mailto:GRINotice@itiliti.com]
Sent: Thursday, October 18, 2001 4:51 PM
To: Geaccone, Tracy
Subject: GRI Msg: Time Sheet Submitted for JEANETTE Y . DOLL.

A time sheet for JEANETTE Y . DOLL has been submitted for your approval.

Candidate Name: JEANETTE Y . DOLL
Client Name: Enron-eHouston
Time Sheet Status: Submitted
Time Entry Start Date: 10/8/2001
Time Entry End Date: 10/14/2001
Submitted By: JEANETTE Y . DOLL
Approved/Rejected By:

Click link to access timesheet:  https://gri.itiliti.com/TimeApproval/ViewAprvTSAmdt.asp?ResUsrId=27631&ClntOrgId=661&auth=apvl&PrsnId=20599&PrsnTpCd=2&Strt_Dt=10/8/2001

Message T100 (NQ:383833 ) :   1585


I have opened a new Lotus file "California - working group" where I am
keeping the contact information, but I am assuming you have picked everybody
up already.  If in doubt, check out the file.  thanks


Chris,
I have the termination letter initialed by Gerald Nemec in Legal.  Let me know when I can come and bring it to you for your initials and Scott Neal's signature.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, November 19, 2001 3:24 PM
To:	Campos, Sylvia A.
Subject:	RE: CGLF contract

You lucky girl.  Let tell me all the interesting stuff that's going on!!!!!!!

 -----Original Message-----
From: 	Campos, Sylvia A.
Sent:	Monday, November 19, 2001 2:54 PM
To:	Germany, Chris
Subject:	RE: CGLF contract

I was on loan to EES since mid July.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, November 19, 2001 2:51 PM
To:	Campos, Sylvia A.
Subject:	RE: CGLF contract

I'm wonderful thank you very much.  Where have you been?  How are you doing?

 -----Original Message-----
From: 	Campos, Sylvia A.
Sent:	Monday, November 19, 2001 2:47 PM
To:	Germany, Chris
Subject:	RE: CGLF contract

How are you doing Chris?  I've been away for awhile....just wanted to let you know that I'm working on it.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, November 19, 2001 12:36 PM
To:	Campos, Sylvia A.
Subject:	RE: CGLF contract

And, because I waited so long, it should be done in a great big hurry!

 -----Original Message-----
From: 	Hilliard, Marlene
Sent:	Friday, November 16, 2001 3:05 PM
To:	Campos, Sylvia A.
Cc:	Germany, Chris; Nemec, Gerald
Subject:	FW: CGLF contract

Attached is a copy of a termination letter.  Per the terms of the contract, notice of termination should be 6 months prior to termination.  Chris Germany has requested that this contract be terminated.

The termination letter should be routed to Gerald Nemec for review and redlining.  Then, routed for review and initial  to the Trader, Chris Germany, to Legal - Gerald Nemec, and then to the Vice President - Scott Neal.  Contact Scott Neal through Kimberly Bates

 << File: CGLF Termination Letter#37393.doc >>

-----Original Message-----
From: 	Germany, Chris
Sent:	Friday, November 16, 2001 2:15 PM
To:	Hilliard, Marlene
Subject:	FW: CGLF contract

Our contact for this is Janice Felton.  Her number is 713-267-4210.  Please call her on Monday and let her know that ENA wishes to terminate contract 37393 effective 5/31/2002.  Ask her what she needs in writing from us then draft it and send it to her attentions.

Thanks

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, October 23, 2001 1:35 PM
To:	Hilliard, Marlene
Subject:	RE: CGLF contract

I believe its Janice Felton but I will make sure.

Thanks

 -----Original Message-----
From: 	Hilliard, Marlene
Sent:	Tuesday, October 23, 2001 12:44 PM
To:	Germany, Chris
Subject:	FW: CGLF contract

Yes Chris I can draft a termination letter.  The termination notice period is 6 months prior  written notice to either party.

Let me know who it should be addressed to and I will draft the letter and forward it prior to December 1, 2001 which will give the counterparty 6 month prior written notice.  I will have to have it executed by the proper parties of course.

I will wait to hear from you.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, October 23, 2001 12:31 PM
To:	Ramirez, Robert
Cc:	Fletcher, Brenda H.; Hilliard, Marlene
Subject:	CGLF contract

Robert, when you get a chance, please give me all the service deal numbers for CGLF k#37393.

Marlene, the new termination date for this contract is 5/31/2002.  If I have time, I am going to send CGLF a termination notice for this contract effective 5/31/2002.  Is that something you could do for me?

Let me know.


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

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

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

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

Thanks-

John


Staci,  Attached is a draft of an affidavit the ECS is proposing to supply West Florida Electric Coop regarding an informal requests for documents that ECS received from WFEC.  Please review and lets discuss asap.


http://www.cs.buffalo.edu/~milun <http://www.cs.buffalo.edu/~milun>

I guess I owe you.  What was the bet again?

Gavin


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I have made the counterparty name change on these deals.  They are day IT deals so there shouldn't be a problem.

	  From:  Scott Dozier @ ENRON                           05/09/2001 01:39 PM

To:	Tom Donohoe/Enron@EnronXGate, Phillip M Love/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT
cc:	Elizabeth L Hernandez/HOU/ECT@ECT
Subject:	Sitara Deal #537939

Any ideas on these?

Thanks,
Scott
---------------------- Forwarded by Scott Dozier/NA/Enron on 05/09/2001 01:39 PM ---------------------------

	Enron North America Corp.  From:  Scott Dozier                           05/08/2001 11:17 AM

To:	Tom Donohoe/Enron@EnronXGate, Phillip M Love/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT
cc:	Elizabeth L Hernandez/HOU/ECT@ECT

Subject:	Sitara Deal #537939

Looks like the same problem with deal #397236 on TENN in Sep/00 production...

Andrea - Please see my note below.
---------------------- Forwarded by Scott Dozier/NA/Enron on 05/08/2001 11:11 AM ---------------------------

	Enron North America Corp.  From:  Scott Dozier                           05/08/2001 10:53 AM

To:	Tom Donohoe/Enron@EnronXGate, Phillip M Love/HOU/ECT@ECT
cc:	Elizabeth L Hernandez/HOU/ECT@ECT

Subject:	Sitara Deal #537939

Tom or Phillip,

Deal #537939 (Dec-00 purchase from Shell Western E&P) is being invoiced from Coral Energy Resources.  I assume that since this the only deal in the system for that month with SWEPI, Coral is correct.  Therefore, please review / change this deal from SWEPI to Coral Energy Resources, L.P.  Please let me know of any questions or when this change is complete.

Thank you,
Scott Dozier
5-7213


Great job Leslie.  Let's keep up the pressure.

Jim

 -----Original Message-----
From: 	Hewitt, Jess P.
Sent:	Wednesday, October 24, 2001 8:02 AM
To:	Lawner, Leslie; Steffes, James D.; Kingerski, Harry; Shireman, Kristann; Black, Don; Courtney, Mark
Subject:	RE: SWG

I am very impressed with these findings and the opening that is allowed for us to continue to pursue the issues with SWG.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Tuesday, October 23, 2001 7:18 PM
To:	Steffes, James D.; Kingerski, Harry; Hewitt, Jess P.; Shireman, Kristann; Black, Don; Courtney, Mark
Subject:	FW: SWG

This is far better than I had hoped for, but as you can see, it ain't over yet.  I will send out more details when I get the order, but I will move on getting the complaint drafted ASAP.  I may need a small RCR for it.

 -----Original Message-----
From: 	"Tom Mumaw" <tmumaw@swlaw.com>@ENRON
Sent:	Tuesday, October 23, 2001 6:12 PM
To:	Lawner, Leslie
Subject:	SWG

ACC approved SWG rate order today with following relevant amendments:

   1.  SWG directed to file new imbalance language within 30 days adopting "most expensive slice of gas" methodology proposed by Enron/Midwest

   2. Staff to review filing for compliance with order - has up to 120 days for this, but SWG was warned from bench not to apply current imbalance calculation during that interim period.

   3.  Finding in Recommended Order upholding SWG's current interpretation of imbalance provisions deleted - Enron instructed from bench that it should file a separate complaint for the 2000-2001 winter period which ACC would consider "without preconceptions"

   4.  Language about considering new types of transportation programs in the PGA workshops retained.

On the surface, I consider this at least a partial win.  However, Staff was particularly upset about these amendments and vowed off the record to use the 120 period to try to get the Commission to reverse its position on reducing imbalance charges.  I told Andy Bettwy that if SWG and Staff did not play games with this 30 day filing and acted in good faith during the workshops, we would be willing to discuss the issue of last winter prior to filing anything with the Commission.  He was non-committal.


As per my voice mail . . .

---------------------- Forwarded by David Forster/Corp/Enron on 05/23/2000
04:14 PM ---------------------------

Leslie Hansen@ECT
05/23/2000 02:35 PM
To: David Forster/Corp/Enron@Enron
cc:

Subject: GPU Services -- Letter Agreement re ETA

Dave:

Attached please find my proposed additions to the letter drafted by Carol St.
Clair in response to comments from GPU Energy.  Please note that this
counterparty does not enter into transactions on its own behalf but rather as
an agent on behalf of several utiltities.  Please review the attached
documents and call me so that we can discuss your comments and/or concerns.

Leslie


How do like that ..... I like this guy.
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/03/2000
01:13 PM ---------------------------

John Massey
08/03/2000 08:22 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: 08/02 Dinner

Dave,

Thanks for taking time to have dinner with us last night. I learned a
tremendous amount about ENA and the strategic vision for the company. It is
reassuring to know that we have such competent leaders at the helm.

Thanks Again,

John Massey