Mary- thanks for including me in this notice.  I would like to wish you the
very best in your new position and location.  Perhaps our paths will cross
again.  Of course, if I can ever be of assistance in any way, please let me
know.  Jim

-----Original Message-----
From: Mary.Hain@enron.com [mailto:Mary.Hain@enron.com]
Sent: None
To: David_Aamodt@pgn.com; dapnucc@teleport.com; dick@pnucc.org;
seabron.adamson@frontier-economics.com; Frank_Afranji@pgn.com;
raa@vnf.com; Joseph.Alamo@enron.com; ajaldrich@snopud.com;
Jeff.Alexander@enron.com; Al.Alexanderson@enron.com;
Keonee.Almaida@enron.com; hollis.alpert@ferc.fed.us;
Brenda.Anderson@enron.com; angles@howry.com; Alan.B.Aronowitz@enron.com;
gdb@vnf.com; npbaker@bpa.gov; ellen@tca-us.com; paulb@citizenspower.com;
paulb@citizenspower.com; garybarbour@email.msn.com;
jbartus@cammckenna.com; glynda.becker@mail.house.gov;
Samuel.Behrends@enron.com; bbennett@bpa.gov; sberman@hewm.com;
ramsen.betfarhad@mail.house.gov; KBILAS@SKADDEN.COM; sbooye@Skadden.com;
raymond.r.boyce@state.or.us; tbradley@bracepatt.com;
scott.brattebo@pacificorp.com; sbrose@steptoe.com;
sbuchheit@bracepatt.com; alanb@wutc.wa.gov; Jim.Byrne@enron.com;
vergil.cabasco@mail.house.gov; johncameron@dwt.com;
Doug.Carmichael@enron.com; Ed.Cassidy@enron.com; ajchambe@llgm.com;
Melissa.Chiechi@enron.com; elchristensen@snopud.com;
kevin.clark@ci.seattle.wa.us; rcloward@avistacorp.com;
david_cohen@rniinc.com; Bill.Comish@enron.com;
Victor.Contract@enron.com; powerlac@aol.com;
Frederick.Coolbroth@enron.com; michaelcorrigan@bchydro.bc.ca;
kcorum@nwppc.org; KCurry@bracepatt.com; wcurry@enron.com;
gdahlke@paine-hamblen.com; kadaly@mcimail.com; mday@gmssr.com;
dearing@chelanpud.org; tdeboer@paine-hamblen.com; Tom_Delaney@enron.com;
sdleonard@earthlink.net; dldorrell@stoel.com; Mary.Doyle@enron.com;
Jay.Dudley@enron.com; mce2280@idahopower.com;
michaelearly@earthlink.net; Katherine.Edwards@enron.com;
rle@givenspursley.com; imaxtrans@aol.com; Chris.Elliott@enron.com;
sandra.elliott@ferc.fed.us; kerwin@ect.enron.com; dezickson@mwe.com;
Jim.Fallon@enron.com; fallonr@howrey.com; Elias.Farrah@enron.com;
Michele_Farrell@pgn.com; dfaulk@puget.com; gfergus@brobeck.com;
Willard.Fields@enron.com; sfisher@avistaenergy.com; pfox@bracepatt.com;
Pat.Franklin@enron.com; John.Frazzell@enron.com; ericf@prestongates.com;
don.furman@pacificorp.com; segfurst@bpa.gov; Jackie.Gallagher@enron.com;
craiggannett@dwt.com; Alvaro.Garcia@enron.com; sbishop@gibbs-bruns.com;
wgibson@nwppc.org; ggilbert@ci.tacoma.wa.us; Pat.Gilman@enron.com;
Alex.Goldberg@enron.com; jlgreene@energyadvocates.com;
Chris_Groener@mail.house.gov; Mary.Groggin@enron.com;
Mark.E.Haedicke@enron.com; Stephen.Hall@enron.com;
steve.c.hall@enron.com; Leo.Hamblin@enron.com; whannaford@NWPPC.org;
jim.harding@ci.seattle.wa.us; rhardy@hardyenergy.com; kharri@puget.com;
Steve_Hawke@pgn.com; dhawkins@caiso.com; marc.hellman@state.or.us;
Scott.Helyer@enron.com; mhenry@bracepatt.com; dwmp@teleport.com;
rhornby@tca-us.com; mhornst@aol.com; dhuard@jmbm.com;
Marlene.Huntsinger@pgn.com; cfi1@tca-us.com;
Richard.Ingersoll@enron.com; pljacklin@stoel.com; montrey@aol.com;
danj@cfmdc.com; kgjohnson@bpa.gov; ljohnson@pwrteam.com;
Karen.E.Jones@enron.com; mkanner@kannerandassoc.com;
karid@perkinscoie.com; pkaufma@ect.enron.com; Paul.Kaufman@enron.com;
Jeffrey.Keeler@enron.com; Devon Kehoe; James.Keller@enron.com;
Joe.Kelliher@mail.house.gov; kkennedy@bdbc.com; Rick.Kessler@enron.com;
rdking@bpa.gov; Harry.Kingerski@enron.com; Harry.Kingerski@enron.com;
rsk@schwabe.com; gwilliams8@austin.rr.com; John.Klauberg@enron.com;
Holli.Krebs@enron.com; ekrogh@wiredweb.com; blafferty@avistacorp.com;
wdlamb@bpa.gov; John.Lamb@enron.com; Therese.Lamb@enron.com;
srlarson@bpa.gov; Cindy_Tatham@co.washington.or.us;
zora.lazic@bchydro.com; kaleathley@bpa.gov; pamela_lesh@pgn.com;
Debi.LeVine@enron.com; lcg@europa.com; doug.little@powerex.com;
Robert.Loeffler@enron.com; Chris.Long@enron.com; sjlong@bpa.gov;
rlopezv@www.conet.com.mx; david_lucio@iep.illinova.com;
king.lum@bchydro.bc.ca; kevin.lynch@pacificorp.com;
Mark.Maehr@enron.com; Randal.T.Maffett@enron.com;
John.Malowney@enron.com; Sueyen.Mao@enron.com; Susan.J.Mara@enron.com;
Susan.J.Mara@enron.com; Lee.Martin@enron.com; maurw@perkinscoie.com;
Wayne.Mays@enron.com; Michael.McCall@enron.com;
Sandra.McCubbin@enron.com; Travis.McCullough@enron.com;
Michael.McDonald@enron.com; brugen@erols.com; mckinley@wpuda.org;
mcm@vnf.com; mcnichol@wapa.com; shauna@pnucc.org;
Maureen.McVicker@enron.com; pmeringolo@brobeck.com; demetcalf@bpa.gov;
cemeyer@bpa.gov; jmilegich@sppc.com; fred_miller@pgn.com;
Jeffrey.Miller@enron.com; jerry.miller@pacificorp.com;
Laura.Miller@enron.com; scott.miller@ferc.fed.us; Bill.Miner@enron.com;
phil_moeller@gorton.senate.gov; pmohler@hewm.com; emoler@velaw.com;
nkmorgado@bpa.gov; Mike@tonkon.com; krmoxness@bpa.gov;
mmps@millcreeklaw.com; pmurphy@mbllp.com; terrym@millcreeklaw.com;
bmurtha@acy.sunint.com; Rich.Nassief@enron.com; tod@mgninc.com;
Douglas_Nichols@pgn.com; Patty.Nichols@enron.com;
Christi.Nicolay@enron.com; tmnoguchi@bpa.gov; darcy@tonkon.com;
Sarah.Novasel@enron.com; Sarah.Novosel@enron.com;
Tom.O'Donnell@enron.com; PObenchain@idahopower.com; Pegy.Olds@enron.com;
Carol.Opatrny@enron.com; tpaine@avistacorp.com; Dave.Parquet@enron.com;
bpascoe@mtpower.com; afpaschke@bpa.gov; ccperigo@bpa.gov;
wlpernas@stoel.com; lpeters@pacifier.com; jill@pnucc.org;
Mona.L.Petrochko@enron.com; npickover@bracepatt.com;
Phillip.Platter@enron.com; Alfred.Pollard@enron.com;
Walt.Pollock@enron.com; gporter@sppc.com; Kevin.M.Presto@enron.com;
jquint@puget.com; arlene.ragozin@ci.seattle.wa.us; maraschio@bpa.gov;
Dale.Rasmussen@enron.com; Scott.Rasmussen@enron.com;
Bobby.Reeves@enron.com; preiten@pngc.com; reyna2r@kochind.com;
shellyr@pacifier.com; Jeff.Richter@enron.com; raroach@bpa.gov;
atrodrigues@bpa.gov; rarogers@bpa.gov; peterroi@erols.com;
Rothfelder@rlo-law.com; Richard.Sanders@enron.com; jsaven@pacifier.com;
Michael.Schilmoeller@enron.com; jschlect@avistacorp.com;
Sabine.Schnittger@frontier-economics.com; Diana.Scholtes@enron.com;
Roger.Seifert@enron.com; Cara.Semperger@enron.com;
asettanni@bracepatt.com; Richard.Shapiro@enron.com; vsharp@enron.com;
msmith1@enron.com; Joshua.Sheinkman@enron.com; jshurts@nwppc.org;
Sid@enron.com; msizer@ci.tacoma.wa.us; slavens.paula@deps.ppl.com;
small@wrightlaw.com; small@wrightlaw.com; douglas.smith@ferc.fed.us;
Mike.Smith@enron.com; Roger.Smith@enron.com; Larry.Soderquist@enron.com;
Harvey.Spigal@enron.com; mstauffer@mtpower.com;
James.D.Steffes@enron.com; James.D.Steffes@enron.com;
mestewardpsedc@worldnet.att.net; JKStier@BPA.gov;
rbstrong@paine-hamblen.com; DASwanstrom@Verner.com;
Mike.Swerzbin@enron.com; tabors@tca-us.com; Ron.Tapscott@enron.com;
James.K.Tarpey@enron.com; Jake.Thomas@enron.com;
ryan_thomas@burns.senate.gov; jrt2058@idahopower.com; maryann@pnucc.org;
mtierney@sempra.com; robin_tompkins@pgn.com; Ann.Tumlinson@enron.com;
AW.Turner@enron.com; Sheila.Tweed@enron.com
Subject: I'm Leaving Enron

        Lisa.Urick@enron.com, rvermeers@avistacorp.com,
        Frank.W.Vickers@enron.com, John.Walley@enron.com,
        kristiwallis@sprintmail.com, walshl@howrey.com, swalton@enron.com,
        Steve.Walton@enron.com, kaward@bpa.gov, Kim.Ward@enron.com,
        Carol.Wardell@enron.com, dwatkiss@bracepatt.com, sawatson@bpa.gov,
        judy.welch@NWPP.ORG, 211-6155@MCIMAIL.COM, Kwenzel@zzz.com,
        cwestadt@sppc.com, Brian.Whalen@enron.com, Bill.Williams@enron.com,
        klwmtp@worldnet.att.net, lyn_williams@pgn.com, Greg.Wolfe@enron.com,
        Vickie.Wolk-Laniewski@enron.com, Ed.Wood@enron.com, mwood@stoel.com,
        Steve.Wright@enron.com, Teresa.L.Wright@enron.com, WSCC@enron.com,
        Charles.Yeung@enron.com, Christian.Yoder@enron.com,
        Steven.J.Kean@enron.com, Steve.Kean@enron.com,
        Travel.in.the.Park@enron.com, D.Brett.Hunsucker@enron.com,
        Carla.Hoffman@enron.com, Bernadette.Hawkins@enron.com,
        Joe.Hartsoe@enron.com, Donna.Fulton@enron.com,
Roger.Fragua@enron.com,
        James.B.Fallon@enron.com, Michael.Etringer@enron.com,
        Terry.W.Donovan@enron.com, Stacy.Dickson@enron.com,
        Ginger.Dernehl@enron.com, Rhonda.L.Denton@enron.com,
        Jeff.Dasovich@enron.com, Sean.Crandall@enron.com,
Tom.Briggs@enron.com,
        t.briggs@enron.com, Stacey.Bolton@enron.com, dbenevid@enron.com,
        dbenevid@enron.com, Tim.Belden@enron.com, Robert.Badeer@enron.com,
        Phillip.K.Allen@enron.com, Alan.Comnes@enron.com,
Lysa.Akin@enron.com,
        Portland.West.Desk@enron.com, assad@elektro.com.br,
        Alan.Comnes@enron.com, Alberto.Levy@enron.com,
Aleck.Dadson@enron.com,
        Allison.Navin@enron.com, Amy.Fabian@enron.com,
        Barbara.A.Hueter@enron.com, Bernadette.Hawkins@enron.com,
        Bill.Moore@enron.com, cristinah@elektro.com.br,
        Carlos.Gustavo.Azevedo@enron.com, Carmen.Perez@enron.com,
        Carolyn.Cooney@enron.com, Charles.Yeung@enron.com,
        Chauncey.Hood@enron.com, Chris.Long@enron.com,
        Christi.L.Nicolay@enron.com, Cynthia.Sandherr@enron.com,
        Damon.Harvey@enron.com, Dan.Staines@enron.com,
        Daniel.Allegretti@enron.com, Dave.Mangskau@enron.com,
        Donald.Lassere@enron.com, Donna.Fulton@enron.com,
        Eidy.Catala@enron.com, Elizabeth.Linnell@enron.com,
        Frank.Rishe@enron.com, Geriann.Warner@enron.com,
        Ginger.Dernehl@enron.com, Gisele.S.Braz@enron.com,
        Gloria.Ogenyi@enron.com, Guillermo.Canovas@enron.com,
        Harry.Kingerski@enron.com, Howard.Fromer@enron.com,
        James.D.Steffes@enron.com, Janine.Migden@enron.com,
        Javier.Pantoja@enron.com, Jean.R.Dressler@enron.com,
        Jean.Ryall@enron.com, Jeff.Brown@enron.com, Jeff.Dasovich@enron.com,
        Jeffrey.Keeler@enron.com, Joao.Paixao@enron.com,
Joe.Allen@enron.com,
        Joe.Connor@enron.com, Joe.Hartsoe@enron.com, Joe.Hillings@enron.com,
        Jose.Bestard@enron.com, Joseph.Alamo@enron.com,
        Kathleen.Sullivan@enron.com, Kerry.Stroup@enron.com,
        Kikumi.Kishigami@enron.com, Kirsten.Bellas@enron.com,
        Lara.Leibman@enron.com, Laurie.Knight@enron.com,
        Leslie.Lawner@enron.com, Linda.J.Noske@enron.com,
        Linda.Robertson@enron.com, Lindsay.Meade@enron.com,
        Lisa.Yoho@enron.com, Lora.Sullivan@enron.com, Luiz.Maurer@enron.com,
        Lysa.Akin@enron.com, Marchris.Robinson@enron.com,
        Marcia.A.Linton@enron.com, Marcie.Milner@enron.com,
        Mary.Hain@enron.com, Maureen.McVicker@enron.com,
        Melinda.Pharms@enron.com, Michelle.Belzak@enron.com,
        Mona.L.Petrochko@enron.com, Nancy.Hetrick@enron.com,
        Patrick.Keene@enron.com, Ray.Alvarez@enron.com,
        Rebecca.W.Cantrell@enron.com, Ricardo.Charvel@enron.com,
        Richard.Ingersoll@enron.com, Richard.Shapiro@enron.com,
        Robert.Frank@enron.com, Robert.Hemstock@enron.com,
        Robert.Neustaedter@enron.com, Robin.Kittel@enron.com,
        Ron.McNamara@enron.com, rboston@enron.com, Rubena.Buerger@enron.com,
        Sandra.McCubbin@enron.com, Sarah.Novosel@enron.com,
        Scott.Bolton@enron.com, Sergio.Assad@enron.com,
Stella.Chan@enron.com,
        Stephen.D.Burns@enron.com, Steve.Montovano@enron.com,
        Steve.Walton@enron.com, Steven.J.Kean@enron.com, Sue.Nord@enron.com,
        Susan.J.Mara@enron.com, Susan.M.Landwehr@enron.com,
        Terri.Miller@enron.com, Thane.Twiggs@enron.com,
Tom.Briggs@enron.com,
        Tom.Chapman@enron.com, Tom.Delaney@enron.com, Tom.Hoatson@enron.com,
        Tracy.Cooper@enron.com, Valeria.Lima@enron.com,
Vinio.Floris@enron.com,
        Xi.Xi@enron.com, Steven.J.Kean@enron.com, Jeffrey.Keeler@enron.com,
        Christi.L.Nicolay@enron.com, Sarah.Novosel@enron.com,
        Robert.Frank@enron.com, Lara.Leibman@enron.com,
        Gloria.Ogenyi@enron.com, Richard.Shapiro@enron.com,
        Leslie.Lawner@enron.com, Paul.Kaufman@enron.com,
        Aleck.Dadson@enron.com, Daniel.Allegretti@enron.com,
        Howard.Fromer@enron.com, Joe.Hartsoe@enron.com, rboston@enron.com,
        Janine.Migden@enron.com, Christie.Patrick@enron.com,
        Jane.Wilson@enron.com, Rhonda.L.Denton@enron.com,
        kmagruder@newpower.com, scovino@newpower.com,
Rebecca.Carter@enron.com,
        Shelley.Corman@enron.com, Janet.Butler@enron.com,
        Kevin.M.Presto@enron.com, Brad.Richter@enron.com,
Greg.Piper@enron.com,
        Kevin.McGowan@enron.com, Kim.Ward@enron.com, Leslie.Reeves@enron.com
Date: Fri, 23 Mar 2001 10:24:18 -0800
Message-ID: <OFCFA12BE4.1A65CFD4-ON88256A0F.00666A9C@enron.com>
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
14, 2000) at
 03/23/2001 12:29:04 PM
MIME-Version: 1.0
Content-type: text/plain; charset=us-ascii

I am going to be the Senior Regulatory Counsel at ISO New England starting
on April 9, 2001.   My last day in the Portland area will be March 31,
2001.  I enjoyed working with you and wish you the best of everything.  My
new address will be:

Mary Hain
Senior Regulatory Counsel
ISO New England Inc.
One Sullivan Road
Holyoke, MA  01040-2841
(413) 535-4000
mhain@ISO-NE.com


The Harvard Business School Club will hold its final meeting next Thursday,
June 14 at Brennan's Restaurant beginning at 6:00 PM.  Featured speaker is
Howard Stevenson, HBS Professor renowned for Entrepreneurial Management
issues.  Departing Directors and Officers will be recognized for their
efforts and your show of support would be greatly appreciated.  Spouses and
guests are encouraged to attend.  The food will be awesome and the
fellowship unbeatable.  Please notify Dottie Kerr of your intentions to
attend by Tuesday, June 12, noon.

Thank you,

George Laflin
President

======================
RESERVATIONS REQUIRED.  Reservations accepted until NOON on June 12,
2001.  Fax following information to 281/424-4770, e-mail
dottie@kerr-solutions.com, or call 281/424-3084.

Member Name:
Company:
Phone:
Guest Name:
Sustaining Members: $35
Regular Members and Guests: $45
Payment:  Credit Card (Visa, MC, Amex)
Card Number:
Exp Date:

***************
Dottie Kerr (dottie@kerr-solutions.com)
Administrator for Harvard Business School Club of Houston
http://www.hbshouston.org/


Please review this file every day.  Biliana will be posting this file on the web in the near future.  The summary includes all desk to desk deals.

Mike

 -----Original Message-----
From: 	Pehlivanova, Biliana
Sent:	Monday, November 19, 2001 3:46 PM
To:	Allen, Phillip K.; Ermis, Frank; Gay, Randall L.; Grigsby, Mike; Holst, Keith; Kuykendall, Tori; Lenhart, Matthew; Reitmeyer, Jay; Scott, Susan M.; Smith, Matt; South, Steven P.; Tholt, Jane M.; Wolfe, Jason
Subject:	Desk to Desk Deals

 << File: Desk to Desk Deals 1119.pdf >>


---------------------- Forwarded by Valarie Sabo/PDX/ECT on 12/07/2000 05:36
PM ---------------------------
From: Valarie Sabo on 12/05/2000 05:11 PM
To: Tracy Ngo/PDX/ECT@ECT
cc:
Subject: Re: Changes to PGET deals-The return part II

here are emails on earlier deals that I think set the legacy for the deals
you are now working with.  Talk to me.

---------------------- Forwarded by Valarie Sabo/PDX/ECT on 12/05/2000 07:16
PM ---------------------------
From: Kyle Gibson@ENRON on 10/04/2000 05:50 PM CDT
To: Kyle Gibson/NA/Enron@Enron
cc: Cara Semperger/PDX/ECT@ECT, Joy Werner/Corp/Enron@ENRON, Valarie
Sabo/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Dan Houston/Corp/Enron@Enron
Subject: Re: Changes to PGET deals-The return part II

This should have said $1,728 for August.  Sorry.  kyle

Cara, thanks.  All the deals look good.  However, if at all possible, we
really need to have annuities to reflect each months activity.  In order for
each months activity to be correctly booked into SAP, we need it divided out
this way.  Right now it looks like we have $4,928 for September.  We need it
to show $1600 for Spetember and July and $1,728 for July.  Thanks.  Kyle

Cara Semperger@ECT
10/04/2000 02:17 PM
To: Kyle Gibson/NA/Enron@ENRON, Joy Werner/Corp/Enron@ENRON, Valarie
Sabo/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Dan Houston/Corp/Enron@Enron
cc:

Subject: Changes to PGET deals-The return part II

The annuity amount is reflective of the charge for the entire deal, the date
is just the day it was put in the system.  If you multiply the volume of leg
1 by .05, the amount of the annuity is the result.

The AutoScheduling for the July pieces is now done.

360937.1  for 7/1-7/31
360940.1  for 7/10 - 7/31
360943.1 for 7/8 - 7/31

Cara

To: Joy Werner/Corp/Enron@ENRON
cc: Cara Semperger/PDX/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Diana
Scholtes/HOU/ECT@ECT, Dan Houston/Corp/Enron@Enron
Subject: Re: Changes to PGET deals-The return

I'm still showing that the following deals have not been corrected:

360937.1  for 7/1-7/31
360940.1  for 7/10 - 7/31
360943.1 for 7/8 - 7/31

We also need to enter annuities for the two purchases to reflect the 5 cent
charge for July and August.  There has already been an annuity entered for
September.

Thanks.  Kyle

Joy Werner
10/04/2000 12:06 PM
To: Kyle Gibson/NA/Enron@Enron
cc: Cara Semperger/PDX/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Diana
Scholtes/HOU/ECT@ECT, Dan Houston/Corp/Enron@Enron

Subject: Changes to PGET deals-The return

Kyle,
Does this work for you?
---------------------- Forwarded by Joy Werner/Corp/Enron on 10/04/2000 12:03
PM ---------------------------

Cara Semperger@ECT
10/04/2000 11:41 AM
To: Joy Werner/Corp/Enron@ENRON, Dan Houston/Corp/Enron@Enron, Valarie
Sabo/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT
cc:

Subject: Changes to PGET deals-The return

I have gone back in and Re-autoScheduled the following deals, and looked at
them in Scheduling.

360940
360943
360937
360983

Please let me know if this gets us done. Are there still some annuities
missing? The ones for these deals looked ok.

c

---------------------- Forwarded by Cara Semperger/PDX/ECT on 10/04/2000
09:44 AM ---------------------------

Cara Semperger
09/26/2000 12:06 PM
To: Diana Scholtes/HOU/ECT@ECT
cc:
Subject: Re: Changes to PGET deals

I have checked and autoscheduled the following deals from July 1 through
August 21. Please let me know if this does or doesn't get us squared away.

PGET deals with zeroed prices:
360936
360938
360940
360942
360982
360984

Enron Sales to EES at 5 cents
360785
360941
360939
360985

Enron Buys from EES are now at 0 price (unable to put a negative  5 cent
price,)Annuity attached to each in leg 2
360983
360943

Diana Scholtes
09/26/2000 10:00 AM
To: Cara Semperger/PDX/ECT@ECT
cc:
Subject: Re: Changes to PGET deals

can we coordinate and fix this???
---------------------- Forwarded by Diana Scholtes/HOU/ECT on 09/26/2000
10:02 AM ---------------------------
From: Kyle Gibson@ENRON on 09/25/2000 01:54 PM CDT
To: Diana Scholtes/HOU/ECT@ECT
cc: Dan Houston/Corp/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Melissa Ann
Murphy/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT
Subject: Re: Changes to PGET deals

Diana, we really need to get these deals fixed this week.  Joy cannot
checkout with PGET and I cannot check out with EES for July or August until
these deals are fixed.  Just as a reminder, PGET needs to have the price
zeroed out from July 1 forward.  EES needs to have the price zeroed out,
except for the 5 cent offset, for July 1 forward.  Currently, July 1 - Aug 21
still have prices in them.  We also need to have the 5 cent offset corrected
for EES on our purchase side (the offset is going the worng way).  Please
call me to let me know what we can do to ensure this change takes place this
week.  Thank you.  Kyle 3-7579
---------------------- Forwarded by Kyle Gibson/NA/Enron on 09/25/2000 01:43
PM ---------------------------

	Enron North America Corp.

	From:  Kyle Gibson                           09/19/2000 03:09 PM

To: Diana Scholtes/HOU/ECT@ECT
cc: Dan Houston/Corp/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Melissa Ann
Murphy/HOU/ECT@ECT

Subject: Re: Changes to PGET deals

 I think I've been sending you emails to the wrong address.  Could you look
into this for me.  Thanks.  Kyle
---------------------- Forwarded by Kyle Gibson/NA/Enron on 09/19/2000 03:04
PM ---------------------------

	Enron North America Corp.

	From:  Kyle Gibson                           09/19/2000 03:06 PM

To: Diana Scholtes1/ENRON@Gateway
cc: Dan Houston/Corp/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Melissa Ann
Murphy/HOU/ECT@ECT

Subject: Re: Changes to PGET deals

Diana, can you tell me the status of this.  We really need to get these deals
corrected ASAP in order to settle with EES.  If there is anything we can do
from our end to assist you, please let me know.  Thanks.  Kyle
---------------------- Forwarded by Kyle Gibson/NA/Enron on 09/19/2000 02:58
PM ---------------------------

	Enron North America Corp.

	From:  Kyle Gibson                           09/14/2000 10:50 AM

To: Diana Scholtes1/ENRON@Gateway
cc:

Subject: Re: Changes to PGET deals

Diana, It still looks like these deals haven't been changed from July 1 -
August 21.  Any update on where this is.  Thanks.  Kyle
---------------------- Forwarded by Kyle Gibson/NA/Enron on 09/14/2000 10:39
AM ---------------------------

Melissa Ann Murphy@ECT
09/05/2000 03:01 PM
To: Diana Scholtes/HOU/ECT@ECT
cc: Kyle Gibson/NA/Enron@Enron

Subject: Re: Changes to PGET deals

See the deal numbers below.  ( I am sending this for Kyle)
Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 09/05/2000
03:56 PM ---------------------------

Melissa Ann Murphy
08/30/2000 02:46 PM
To: Diana Scholtes/HOU/ECT@ECT
cc: Joy Werner/Corp/Enron@ENRON, Monica Lande/PDX/ECT@ECT, Donald Wayne
Vinson/HOU/ECT@ECT
Subject: Re: Changes to PGET deals

Hello, the following deal numbers are the EES deals that need to be changed:

360985
360983
360943
360941
360939
360937

Thanks,
Melissa

Diana Scholtes
08/30/2000 01:42 PM
To: Joy Werner/Corp/Enron@ENRON
cc: Melissa Ann Murphy/HOU/ECT@ECT, Monica Lande/PDX/ECT@ECT, Donald Wayne
Vinson/HOU/ECT@ECT, Cara Semperger/PDX/ECT@ECT
Subject: Changes to PGET deals

Joy,

Can you please give us the EES deal number also.  We will be showing a huge
expense if we don't adjust both sides!

Diana
---------------------- Forwarded by Diana Scholtes/HOU/ECT on 08/30/2000
11:43 AM ---------------------------

Cara Semperger
08/30/2000 11:22 AM
To: Diana Scholtes/HOU/ECT@ECT, Joy Werner/Corp/Enron@ENRON, Monica
Lande/PDX/ECT@ECT, Carla Hoffman/PDX/ECT@ECT, Valarie Sabo/PDX/ECT@ECT,
Jubran Whalan/HOU/EES@EES
cc:
Subject: Changes to PGET deals

Good Afternoon;

 Due to settlement conflicts with PGET, the price is Zeroed out on the
following deals:

360936
360938
360940
360942
360982
360984

Thanks,

C


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 07/13/2000
11:08 AM ---------------------------

Royal_B_Edmondson@reliantenergy.com on 07/13/2000 11:04:06 AM
To: ami_Chokshi@enron.com
cc:

Subject: noms for the 12 th...

(See attached file: HPL-July.xls)
 - HPL-July.xls


The following bills are scheduled to be heard in committee next week.  In
addition, both SBX 27 (Bowen) regarding DA, and ABX 2 (Corbett) establishing
a windfall profits tax, remain eligible to be heard on their respective
floors.

July 9

SBX 39 (Speier) - CPUC regulation over generators - Assembly Energy

SBX 1 (Soto/Scott) - Windfall profits tax - Assembly Revenue and Taxation

July 10

ABX 28 (Migden) - EOB/ISO regulation over generators - Senate Energy

SBX 85 (Burton) - Prohibiting rate increases - Senate Energy

SBX 86 (Burton/Peace) - Revoking permits - Senate Energy

July 11

ABX 5 (Kelley/Reyes) - Adjusting baseline - Assembly Appropriations

ABX 65 (Cardoza) - Felony for withholding - Assembly Appropriations

AB 81 (Migden) - BOE taxation - Senate Revenue and Taxation


Indian State to Make Overdue Payments to Enron in Power Spat
The Wall Street Journal, 04/26/01

ENRON UNIT TERMINATES INDIA POWER CONTRACT
The New York Times, 04/26/01

Indian utility, Enron battle over bills
Houston Chronicle, 04/26/01

Limited price controls ordered to ease West's power crisis%)
Associated Press Newswires, 04/26/01

Indian State Offers to Review Enron Project, TV Channel Says
Bloomberg, 04/26/01

INDIA: FACTBOX-History of Enron's Dabhol Indian power plant.
Reuters English News Service, 04/26/01

INDIA: FACTBOX-Foreign firms exit as India fights Enron.
Reuters English News Service, 04/26/01

India: Godbole panel may get mandate for renegotiation
Business Line (The Hindu), 04/26/01

India: 'Structural adjustment' loans sought from IBRD
Business Line (The Hindu), 04/26/01

US$384 MLN LIABILITY FOR INDIAN GOVT IF ENRON PROJECT TERMINATED
Asia Pulse, 04/26/01

State wants Enron to continue operations
The Times of India, 04/26/01

Calif.'s energy woes draw diverse plans
The Daily Deal, 04/26/01

Limited price controls ordered to ease West's power crisis
Associated Press Newswires, 04/26/01

US FERC To Approve RTO To Oversee Pacific NW Pwr Grid
Dow Jones Energy Service, 04/25/01

USA: El Paso nipping at Enron's bandwidth heels.
Reuters English News Service, 04/25/01

International
Indian State to Make Overdue Payments to Enron in Power Spat

04/26/2001
The Wall Street Journal
A17
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BOMBAY, India (AP) -- The Maharashtra state power utility said it will pay
outstanding electricity bills for March as part of a dispute over tariffs
with U.S. power company Enron Corp.
"We will make the payment of 1.34 billion rupees [$28.6 million] today for
the March bill. The February bill of 1.1 billion rupees was already paid up
last month," Krishna Rao, a member of the Maharashtra State Electricity
Board, said yesterday. "As far as we are concerned, there are no more
payments outstanding."
A spokesman for Houston's Enron said it is now due $48 million for nonpayment
of electricity bills for December and January and is seeking to have the
issue of outstanding payments resolved through arbitration. The state
electricity board has said the December and January bills should be offset
against a fine of four billion rupees that it had levied against Enron for
nonsupply of power in that period.
Meanwhile, the state's chief minister, Vilasrao Deshmukh, said a panel will
be formed in two days to renegotiate a power-purchase agreement, or the rate
at which the state buys power from Enron.
Enron has been under fire from Bombay politicians, who say costs have
increased sharply from the four cents per unit agreed on in 1995 for the
two-year-old, 740-megawatt naphtha plant. Prices shot up to 15 cents a unit
after the world-wide fluctuation of oil prices and depreciation of the rupee.
Enron says a 1,444-megawatt liquefied natural-gas plant to be commissioned
later this year will lower tariffs.
Also yesterday, Indian newspapers reported that a proposal by the Enron board
to issue a termination notice to the state electricity board had been
temporarily shelved.
The Enron spokesman said that to his knowledge no one had ever threatened to
shut down the plant. India's largest foreign investment, the $3 billion
project has been in trouble since December, when the state government said it
would review the price agreement with Dabhol Power Corp., Enron's Indian
subsidiary.

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

Business/Financial Desk; Section C
COMPANY NEWS
ENRON UNIT TERMINATES INDIA POWER CONTRACT
Reuters

04/26/2001
The New York Times
Page 4, Column 1
c. 2001 New York Times Company

The Enron Corporation's troubled Dabhol Power Company authorized the
termination of a deal to sell power to the western Indian state of
Maharashtra, the chairman of the state electricity board there said
yesterday. The chairman, Vinay Bansal, said Dabhol authorized the managing
director to issue a notice of termination on the contract to sell 740
megawatts of power in India. Dabhol, which is 65 percent owned by Enron, is
involved in a payment dispute with the board and is facing a cash squeeze
because the board has defaulted on payments worth 2.26 billion rupees ($48.31
million). The decision gives the managing director of Dabhol permission to
seek the end of the contract at any time, Mr. Bansal said.

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

April 26, 2001
Houston Chronicle
Indian utility, Enron battle over bills
BOMBAY, India -- The Maharashtra state power utility said Wednesday it would
pay outstanding electricity bills for March as part of an ongoing dispute
over tariffs with Houston-based energy giant Enron Corp.
Krishna Rao, member of the Maharashtra State Electricity Board, said the
agency would pay 1.34 billion rupees, or $28.5 million, for the March bill.
The February bill of 1.1 billion rupees, or $23.4 million, was paid last
month, Rao said.
"As far as we are concerned, there are no more payments outstanding," Rao
said.
An Enron spokesman confirmed receipt of the February dues, but said the
company is also due $48 million for nonpayment of electricity bills for
December and January.
The state electricity board has said the December and January bills should be
offset against a fine of 4 billion rupees, or $85.31 million, it had levied
against Enron for nonsupply of power during that period.
Meanwhile, the state's chief minister, Vilasrao Deshmukh, told reporters a
committee would be formed in two days to renegotiate a power purchase
agreement, or the rate at which the state buys power from Enron.
Enron has been under fire from Bombay politicians who say its power charges
are unaffordable. Politicians say costs have increased fourfold from 4 cents
per unit agreed in 1995 for the 2-year-old naphtha plant.
Houston-based Enron maintains that a larger liquefied natural gas plant to be
commissioned later this year will lower tariffs.

Limited price controls ordered to ease West's power crisis%)
By H. JOSEF HEBERT
Associated Press Writer

04/26/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - The Federal Energy Regulatory Commission has agreed to
limit price controls on California's wholesale electricity markets. But Enron
spokeswoman Karen Denne said price caps won't help the state's problems this
summer and calls the FERC decision "unfortunate."
Federal energy regulators directed limited price controls on California's
wholesale electricity markets Wednesday, but the order fell short of the
sweeping price caps California officials have wanted.
FERC voted 2-1 to order that wholesale prices be capped in California when
electricity reserves fall below 7.5 percent, triggering an emergency alert by
the state's power grid managers.
"Price caps will not help california's problem going into summer," Denne
said. "They neither increase supply or decrease demand. What they will do is
exacerbate the situation and create additional shortages."
Denne pointed out that power emergencies, such as Wednesday's Stage 2 alert,
are becoming routine in California, and will only become more common with
summer's heat. That would mean price caps could be in effect most of the
summer.
California Gov. Gray Davis said earlier Wednesday that he had urged FERC to
extend the price controls so they would take effect when a Stage 1 alert was
declared by the California Independent System Operator. A Stage 1 alert means
electricity reserves have fallen below 7 percent.
After the order, however, Davis' spokesman Roger Salazar, said the governor
would not comment until he had a chance to review it in detail.
"All along we have been asking for meaningful relief. However, in order to
provide real assistance to the West, federal regulators should impose
meaningful temporary price caps this summer and next, fulfilling their
responsibility while California continue to bring additional power plants on
line," Salazar said Wednesday evening.
"It doesn't bode well that the one commissioner who knows California best,
Commissioner (William) Massey, voted against this proposal. We'll be looking
carefully at this in the morning."
FERC chairman Curtis Hebert said the order, which came after a day of intense
negotiations, seeks to "balance" the need to protect against unreasonable
prices and still encourage investment in power plants and promotion of
conservation measures.
But Massey, a Democratic commissioner, said the commission's requirement is a
"half a loaf solution" to the electricity crisis plaguing California and the
rest of the West. He said the price controls apply too narrowly and are
dependent on California's agreeing to join a regional power transmission
group, something the state has not wanted to do.
"The order turns into a pumpkin and will have no effect" if California does
not join the northwest in a joint power transmission system, said Massey.
Assemblyman Fred Keeley, D-Boulder Creek, called the ruling a mixed blessing.
"The most important element of the plan is yet to be determined and that is
the price which is forthcoming in 15 days," Keeley said.
Keeley said he was concerned that the order continues the "single market
clearing price" policy, which means the highest bid during the day is the
price that all the contracts are paid.
"That's what we have in California right now and it's of considerable
controversy," he said. "Having that as a Western states' policy is exporting
a bad idea."
The order also requires all wholesalers who use the grid to sell their power
into the market during emergencies, which Keeley said could greatly help fend
off blackouts.
Mirant spokesman Brian O'Neel and Duke Energy spokesman Tom Williams said
their company officials were still reviewing the order.
Sen. Debra Bowen, chairwoman of the Senate Energy Committee said the order is
movement and she likes to be optimistic about it.
"It's not the pot of gold at the end of the rainbow, but it's a help," said
the Marina del Rey Democrat. "It's a good thing to have done now, in April,
so we have a little time to see how it operates before we get into the
summer."
Bowen said tying price caps to perilously low electricity supplies may also
spur generators to get hundreds of small power plants back on line to avoid
the caps.
The three-member commission struggled all day to craft a price-mitigation
plan. Three times, a public hearing on the measure was postponed as
behind-the-scene negotiations continued. Finally, the three commissioners
emerged and approved the measure, with Massey opposing it.
Hebert, the Republican chairman, was joined in support of the order by
commissioner Linda Breathitt, a Democrat.
Breathitt said that despite Massey's criticism, overall "we have reached a
consensus that price mitigation should occur" in the California market.
Under the order price, controls would be triggered only if California grid
managers declare an emergency because electricity reserves fell to below 7.5
percent.
The FERC staff earlier had recommended that price controls only occur in
so-called Stage 3 emergencies in which there is only a 1.5 percent reserve
and rolling blackouts are imminent.
In issuing the order, Hebert reiterated his strong opposition to broader
price limits based on producers' cost of generation. Reflecting the views of
the Bush administration, Hebert said he continues to believe "the best
solution to California problems are market-based solutions."
However, the commission's action reflects growing pressure on both FERC and
the Bush administration to take additional action to ease the West's power
problems, which are expected to become worse this summer as electricity
demand increases and supplies continue to lag.
"I think we need price caps all the time not just when we're in an emergency.
It's the lack of price caps that puts us into emergency situations," said
Mindy Spatt, a spokeswoman for The Utility Reform Network, a consumer
watchdog group in San Francisco.
Earlier this week, a group of Senate Democrats and one Republican from the
Northwest introduced legislation to require FERC to impose broader price caps
on electricity markets across the West and peg them to the cost of power
production. FERC continues to reject such caps.
The FERC order focuses primarily on California and none of the price-
mitigation requirements would apply to the Northwest, where some wholesale
electricity prices have in recent weeks been even higher than those in
California.
"Since it's California only, I'm not sure what happens if other states are
experiencing shortfall and are willing to pay more than the proxy price,"
Bowen said.
However, FERC did direct that an agency investigation on whether some prices
have been unreasonably high should be extended from California to other parts
of the West. Massey said that investigation is far too narrow and will be
ineffective.
"We're inventing all of these market manipulations as we go. We'll know after
a month's experiment what actually happens to price and availability," Bowen
said.
---
On the Net:
Federal Energy Regulatory Commission: http://www.ferc.gov

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

Indian State Offers to Review Enron Project, TV Channel Says
2001-04-26 01:12 (New York)

     Mumbai, April 26 (Bloomberg) -- The Indian state of
Maharashtra has offered to renegotiate the terms of its power
purchase agreement with Enron Corp.'s Dabhol Power Co., the Star
News television channel reported, citing Chief Minister Vilasrao
Deshmukh.
     A tariff dispute has led to the Maharashtra State Electricity
Board, a state-run utility, refusing to pay bills of 3 billion
rupees ($64 million) owed to Dabhol, saying they are too high. The
$3 billion unit of the world's largest energy trader has invoked
counter-guarantees, or guarantees from the government, against the
non-payment.
     Deshmukh said the state is owed 4 billion rupees by Dabhol as
a penalty for failing to supply power when it was needed, the
television channel reported.
     ``We are arranging to settle all undisputed dues,'' Deshmukh
was cited as saying. ``But for the ones that are under dispute, as
in where we owe them and they owe us as well, we can make an
adjustment.''
     The Dabhol board, meeting in London, may not vote to end its
operations in India on the advice of its lenders, the Business
Standard reported, citing unnamed people.
     Dabhol has borrowed about $2 billion from lenders, including
ABN Amro Holding NV, to build the 740-megawatt capacity plant. The
rupee portion of the loan doesn't carry a repayment guarantee from
the government. Dabhol is 65 percent owned by Enron.

INDIA: FACTBOX-History of Enron's Dabhol Indian power plant.

04/26/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, April 26 (Reuters) - The board of Dabhol Power Company (DPC), 65
percent owned by Enron Corp , on Wednesday authorised the management to
terminate its contract to sell power to the Indian state of Maharashtra.
The decision follows repeated defaults by the Maharashtra State Electricity
Board (MSEB) on bills for electricity supplied by Dabhol.
Enron is India's largest foreign investor and is building the country's
largest power plant with a total capacity of 2,184 MW. The first phase of the
project with a generating capacity of 740 MW began operating in May 1999. The
second phase, which will add 1,444 MW of capacity, is expected to be
completed this year.
The board's decision empowers the DPC management to issue a notice of
termination any time it chooses.
The following traces the history of the troubled project:
-

MAY-JUNE, 1992: India invites Enron Corp to explore the possibility of
building a large power plant in Maharashtra.
JUNE 20, 1992: Initial Memorandum of Understanding (MoU) signed between Enron
and Maharashtra government for a plant with capacity of 2000-2,400 MW. The
Maharashtra State Electricity Board (MSEB) is expected to pick up a 10
percent stake.
JAN 2, 1993: India's Foreign Investment Promotion Board (FIPB) clears
proposal for a 1,920 MW plant, expandable to 2,550 MW.
DEC 8, 1993: Power Purchase Agreement (PPA) signed between Dabhol Power
Company (DPC) and MSEB for a 2,015 MW project to be implemented in two
phases.
MARCH-JUNE, 1995: Following state elections, a new Maharashtra government,
headed by the Hindu-nationalist Shiv Sena party, scraps the project, alleging
corruption and high costs.
NOV-1995: Project re-negotiated with a final capacity of 2,184 MW. MSEB's
stake is upped to 30 percent: 15 percent in the first phase, and a further 15
percent upon completion of the project.
MAY, 1996: India extends counter-guarantee to the project, under which the
federal government promises to cover any defaults by the state utility.
MAY, 1999: Phase one of the project with a capacity of 740 MW begins
operating.
JUNE-OCT 2000: Maharashtra government allies demand scrapping the project
because of the cost of the power it produces.
OCT, 2000: MSEB defaults on its October payment to DPC.
DEC, 2000: Maharashtra state announces plan to review the project, stating
that the tariff is too high.
JAN, 2001: Enron invokes the Maharashtra government counter-guarantee after
MSEB defaults on both November and December payments.
FEB, 2001: Credit Rating Information Services of India Ltd (CRISIL) cuts
ratings on bonds issued by Maharashtra government due to defaults on payments
owed to Dabhol. Enron invokes the federal government guarantee.
APRIL, 2001: Enron issues a notice of arbitration to the Indian government to
collect on the December bill of 1.02 billion rupees ($21.77 million).
APRIL, 2001: Enron invokes the political force majeure clause in its contract
with MSEB, stating that unfavourable political conditions have prevented it
from fulfilling contractual obligations.
APRIL 23, 2001: DPC and its lenders meet in London to discuss the payments
issue. Enron seeks lenders' permission to issue a notice of termination.
APRIL 25 2001: The board of Dabhol Power Company authorises management to
terminate the contract any time it chooses.
($1=46.85 Indian rupees).

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

INDIA: FACTBOX-Foreign firms exit as India fights Enron.

04/26/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, April 26 (Reuters) - U.S. energy giant Enron Corp is not the only
foreign power company to face problems in India. Fed up with red tape and
legal hassles, four other foreign companies have either pulled out or are
close to pulling out.
After more than a decade, India's power sector reforms have generated more
controversy than investment.
The factbox below describes the travails faced by other foreign power
companies once interested in investing in India:
-

1) COGENTRIX (U.S.) - Repeated litigation and delays in government approval
forced the U.S. giant to walk out of a project to build a 1,000 MW power
plant in Karnataka in October 1999.
2) Electricite de France (EdF) - The French power giant last year scrapped
plans to take a 15 percent stake in a $1.4 billion, 1,084 MW, project in
Maharashtra, citing better prospects in other emerging markets.
3) Daewoo Corp (South Korea) - The Korean chaebol abandoned a 1,070 MW
project in Chattisgarh last year due to delays in securing key approvals and
financial problems back home.
4) PowerGen Plc - The British giant set up two joint ventures in India in the
early 1990s to build two plants with total capacity of over 1,000 MW.
Both projects have been delayed as bankers and the state governments have
been unable to finalise terms for paying for the electricity purchased by the
cash-strapped state utilities.
PowerGen is reportedly planning to exit the ventures to concentrate on buying
a major U.S. utility.
5) National Power Plc - The British company's joint venture with the
London-based Hinduja group is still trying to secure clearances for a 1,040
MW plant in the southern state of Andhra Pradesh. The project was conceived
more than five years ago.

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

India: Godbole panel may get mandate for renegotiation

04/26/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

MUMBAI, April 25. THE Godbole committee is likely to get the mandate as the
"expert panel" for renegotiating the power purchase agreement (PPA) with
Enron, according to sources in Maharashtra State Electricity Board (MSEB).
The Government had earlier announced that it would set up an expert panel for
renegotiating the PPA. The Centre has also agreed to be part of the new
committee. A senior State Government official, confirming the likelihood of
the Godbole panel getting the mandate, said, "there is one view that the
panel (Godbole) be appointed to renegotiate the PPA."
However, not all political parties may accept such a move, he added.
Some quarters want the panel to comprise Ministers and high-level State and
Union Government officials, he said.
According to the official, the meeting in Delhi with the Finance Minister had
helped break the deadlock, with the Centre agreeing to walk alongside
Maharashtra and MSEB on all issues.
"The most important breakthrough has been active participation by the Centre
in problem-solving. We now hope to finally see a solution to all this," he
said. Representatives of the State Government and MSEB will discuss
renegotiation of the "entire" power purchase agreement at the DPC board
meeting to be held in London on Wednesday, the official said. The
renegotiation committee will be announced in the next 4-5 days.
"For some time, it appeared the parties were not interested in staying
together in wedlock. But now, it is likely that a few issues may be thrashed
out at the board meeting (in London) itself," he said. Sources said the
decision to set up an expert panel had been communicated to Dabhol Power
Company.
A DPC spokesman refused to comment on the matter: "We are still reviewing the
Godbole committee's report. We would not be in a position to comment until we
fully understand it. And we are yet to be officially informed of the setting
up of the new committee. The company is no position to comment on that too."
Mr Vinay Bansal, Chairman, MSEB, and Mr V.M. Lal, State Energy Secretary,
will attend the board of directors meeting of DPC to be held in London.
Our Bureau

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

India: 'Structural adjustment' loans sought from IBRD

04/26/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

NEW DELHI, April 25. THE Power Ministry has sent a proposal to the World Bank
for seeking 'structural adjustment' loans for the power sector. The loans
will be utilised to fund the past liabilities of the State electricity boards
while they undertake reforms. The loans will help the States avert tariff
shocks to consumers during the transition phase of the reforms - up to the
time that the States' power sectors are commercially viable.
Addressing a press gathering here on Wednesday, the Power Minister, Mr Suresh
Prabhu, said that the State distribution sector tops the Ministry's priority
list.
With regard to the Enron controversy, Mr Prabhu said that the Centre was keen
to defuse the crisis. Hence, the Centre agreed to the State's request to
participate in a negotiating committee consisting of itself, the State
Government and the Maharashtra State Electricity Board (MSEB).
The Centre is hopeful that Enron will consider this new development as a move
to salvage the project in a board meeting in London, according to him.
Mr Prabhu said that it was realistic for States to commercialise the power
sector in a period of two years. He said that a particular Chief Minister had
told him that his State is set to achieve this goal.
Sources pointed out that the Madhya Pradesh Chief Minister, Mr Digvijay
Singh, had told Mr Prabhu that the SEB will turn around in another eight
months.
Mr Prabhu said that the Power Ministry's committee on one-time settlement of
SEB dues to the Central power sector undertakings is expected to submit its
report by the month-end.
He was confident of the country achieving a capacity addition of 1,00,000 MW
over the next decade.
Our Bureau

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

US$384 MLN LIABILITY FOR INDIAN GOVT IF ENRON PROJECT TERMINATED

04/26/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

NEW DELHI, April 26 Asia Pulse - The federal government may have to pay up to
Rs 18 billion (US$384 million) if the controversy-marred Dabhol power
project, promoted by US energy giant Enron, is terminated.
"Our (federal government's) liability, if Dabhol power project was
terminated, would be one year's electricity bill and a termination fee of
$300 million," the Power Secretary, A K Basu, said here.
Contractually, the Government of India would have to pay one year's
electricity bill, totalling at present prices to about Rs 14-15 billion, and
take over Dabhol Power Company's (DPC) debt, which stands around $300
million, if the project was terminated, Basu said.
Both the federal government and the government of the western state of
Maharashtrahave said they would not be able to absorb the costly DPC power
and are now seeking renegotiation of the power purchase agreement (PPA)
including cost and use of power with Enron.
Enron bills Maharashtra its 740 MW electricity generated from the Dabhol
power station at the rate of about Rs seven per unit as against around Rs 2.8
per unit cost of power from the federal government's and State generating
stations.
Earlier, the federal Power Minister, Suresh Prabhu, told reporters that the
federal government would participate in negotiations with Enron to defuse the
present payment crisis.
(PTI) 26-04 1753

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

State wants Enron to continue operations
Our Mantralaya Correspondent

04/26/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

MUMBAI: The Maharashtra government seems to be assiduously persuading Enron
against folding up its operations in Dabhol, notwithstanding the mounting
pressure from the PWP, a partner in the eight-party Democratic Front (DF)
coalition.
Indications of the state government's kid-glove treatment to Enron became
apparent when chief minister Vilasrao Deshmukh said on Wednesday, ``Our
officials attending Enron's board meeting in London will explain to them the
implications of taking such a harsh decision. They will ask them to desist
from terminating the project as it will be harmful to both of us.''
Three senior state officials__energy secretary Vinay Mohan Lal, MSEB chairman
Vinay Bansal and its technical director Prem Paunikar__ are presently in
London to attend the meeting.
Addressing a press conference at Mantralaya on Wednesday, the chief minister
said re-negotiation of the Power Purchase Agreement (PPA) would resolve the
Enron imbroglio. ``Revision of the PPA is absolutely necessary and even the
Madhav Godbole committee has suggested that the reopening of the PPA is the
focal point to settle the long-standing issue,'' Mr Deshmukh said.
He said the state government would shortly announce the names of the expert's
committee to be appointed to re-negotiate the PPA with Enron. The committee
will also include a member of the Union government, Mr Deshmukh said.
The chief minister said the state government shared the concerns expressed by
PWP members about the high costs of power purchased from Enron. ``We are
paying Rs 7.50 per unit of power purchased from Dabol Power Company. Clearly,
it is expensive and the state government cannot afford to bear this costs.
For, now it seems to be our fait accompli to pay the huge dues for the power
taken from DPC,'' he said.
While admitting that the projections made about power consumption in the
state while clearing the 1,444 MW second phase of the Enron project have gone
wrong, Mr Deshmukh said, ``Certain decisions were taken in good faith but the
projections were not real. We cannot pay such huge costs for purchasing the
power from Enron.''
Asked about the state government's decision to invite fresh objections and
suggestions on dezoning of the controversial 38 plots in Pune, Mr Deshmukh
said, ``There is nothing illegal about it. We have acted upon the court's
suggestion that a fresh notification be issued for the 38 plots.''
The chief minister said decision to change the zones of the 38 plots from
agriculture to residential plots was taken by the previous government and
that he was not directly responsible for it.
``It is a normal procedure that certain survey numbers are not included in
the notification inviting objections and suggestions from the people. But to
be more transparent in our administration we have accepted the court's
suggestions and will shortly issue a notifications concerning the 38 plots,''
Mr Deshmukh said.
The chief minister informed mediapersons about a meeting chaired by him in
the day to review the drought situation in the state. He said instructions
had been issued to guardian ministers to deal with the water scarcity problem
on a priority basis.

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

Corporate Restructuring
Calif.'s energy woes draw diverse plans
by Danny Fortson

04/26/2001
The Daily Deal
Copyright (c) 2001 The Deal LLC

The state utilities commission is trying to put in place the rate increase it
approved to bridge the cost between high wholesale power costs and the price
PG&E and SoCalEd can charge.
The California Public Utilities Commission is scrambling to put in place the
rate increase it approved in March to bridge the gap between high wholesale
power costs and the prices the state's troubled utilities, PG&E Co. and
Southern California Edison, can charge their customers.
But there remain serious questions as to who will carry the increased
financial burden and whether more rate increases will be necessary.
PG&E and SoCalEd have run up nearly $14 billion in debts since last summer,
partially because of the state's rate structure. Many involved in the case
think that the 3-cents-per-kilowatt-hour increase the CPUC approved in March
falls far short of an ultimate resolution.
"This is very ugly," said William Booth, a lawyer representing California
Large Energy Consumers Association, a business group comprising primarily
concrete and steel companies that are heavy power users. "I don't think this
3-cent increase is the end."
In an evidentiary hearing held before administrative law judge Christine
Walwyn in San Francisco on Tuesday, the CPUC presented three expert witnesses
to weigh in on how they think the 3-cent-per-kilowatt-hour increase should be
implemented. They were met by no less than 15 lawyers representing varied
interests.
Among them: PG&E Co., Southern California Edison, public interest group The
Utility Reform Network, Enron Energy Services, Office of Ratepayer Advocates
and the California Large Energy Consumers Association.
At issue is the so-called rate-design of the increase, which has two main
goals: one, to account for the shortfall between revenue and the price
utilities must pay to procure power, the other, to distribute the increase
across rate-paying groups to impel the greatest total conservation in the
energy-strapped state.
In other words, the commission is looking to identify the groups with the
most elastic demand for energy. While the higher rates would compel them to
reduce usage, it would not likely put them out of business.
But all parties seemed to be aware of the need to balance the urgency to
solve the current crisis with the necessity for a sound and balanced
long-term structure. The commission is under the gun: A June 1 deadline
compels it to complete in a matter of weeks a process that generally takes
several months.
The commission set that date to address the rising demand that occurs in the
summer months, when energy use surges alongside the prices charged on the
wholesale spot market. Further confusing the matter: Both California Gov.
Gray Davis and PG&E Co. have proposed differing rate structure plans.
"We absolutely have to have this increase by summer," said J.P. Shotwell,
senior attorney for SoCal Edison. "We will do whatever we can to accommodate
the schedule."
Among the many ideas batted around in the hearing was a real-time pricing
scheme for large commercial users, which would directly subject them to the
wholesale power prices at certain peak periods during the summer. That
proposal was put forward by Severin Borenstein, the director of the
University of California Energy Institute and one of the witnesses called on
by the Commission.
Echoing what many involved in the case felt, Borenstein said that the hearing
is too narrowly focused and fails to address the overarching issues. Last
summer, wholesale costs swung wildly from as low as $60 per megawatt hour to
as high as $900 per megawatt hour.
"I think it's a real mistake," Borenstein said. "This is too focused on
allocating the pain rather than looking at the problem as a whole."
How to beat the high cost of electricity The California Public Utilities
Commission is scrambling to make a June 1 deadline for the creation of a rate
plan that will bridge the gap between the high cost of producing electricity
and the rates PG&E and SoCalEd are allowed to charge consumers.
Company: PG&E Corp.
CEO: Robert Glynn Jr.
Headquarters: San Francisco
Market cap: $5.63 billion
Company: Edison International Co., parent of Southern California Edison Co.
CEO: John Bryson
Headquarters: Rosemead, Calif.
Market cap: $3.67 billion
Date Action
8/04/00 Energy
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=A26747-2000Aug4&preview=true
California power companies and consumers
1/05/01 Edison International announces layoff of 1,450 workers due to the
energy crunch
1/08/01
Gov. Gray Davis pledges $1 billion for power measures but avoids direct
utilities bailout
Edison wins a federal suit to recover costs incurred by purchase of power for
its customers
1/10/01 PG&E says it cannot raise cash, asks Davis to intervene
1/11/01
http://www.edisonnews.com/releasesexe/01-007.htm, allowing state and federal
assistance
PG&E CEO outlines bankruptcy risks
1/16/01
SoCalEd
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDF0ZI32IC&preview=true in
payments
PG&E
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDF0ZI32IC&preview=true
bankruptcy
1/19/01
$400 million
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDCR2XD6IC&preview=true from
bankruptcy
Capital Re's
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDEL4XD6IC&preview=true by
California power investments
1/23/01 President Bush extends federally mandated sale of surplus electric
and gas to California
1/24/01
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDDGDKYEIC&preview=true for
long-term power from suppliers
1/26/01 Judge blocks California Power Exchange from seizing PG&E assets
1/31/01
Investors confident
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDII1WSMIC&preview=true from
crisis
California Senate
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDD73BWSMIC&preview=true
2/01/01
Energy
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDD4MCS8OIC&preview=true
production
California
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDBFF6QPIC&preview=true energy
bill
2/07/01 Scottish Power's
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDCQRZSWIC&preview=true
purchase
2/09/01
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDG4TX00JC&preview=true with
utilities
2/16/01 California
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDZV1VU9JC&preview=true
3/08/01
Calif.
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDZ5YHQ2KC&preview=true with
power producers
California independent system operator proposes price cap
3/15/01
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDIKJE3CKC&preview=true if
creditors collect on liens
3/18/01
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDRPUX6HKC&preview=true to
California utility unit
4/04/01
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDD4V6ER4LC&preview=true on
Edison International's defaulted credit lines for another couple of weeks
4/06/01
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDF8YMI7LC&preview=true for
bankruptcy
4/09/01
California reaches an
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDFUVKWBLC&preview=true assets
at a 2.3 x premium from SoCal Ed to save the utility from bankruptcy
Standard & Poors downgrades PG&E's credit rating after bankruptcy filing
4/10/01 Analysts are
http://www.thedeal.com/cgi-bin/gx.cgi/AppLogic+FTContentServer?pagename=Future
 Tense/Apps/Xcelerate/Render&c=TDDArticle&cid=TDDKDY8ZDLC&preview=true,
noting consumers will be left holding the bill
4/25/01 The California Public Utilities Commission has until June 1 to bridge
the gap between the rising cost of producing electricity and the capped rate
that California energy producers are allowed to charge consumers
Source: The Deal
http://www.thedeal.com

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

Limited price controls ordered to ease West's power crisis
By H. JOSEF HEBERT
Associated Press Writer

04/25/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - Federal energy regulators directed limited price controls
on California's wholesale electricity markets Wednesday, but the order fell
short of the sweeping price caps California officials have wanted.
The Federal Energy Regulatory Commission voted 2-1 to order that wholesale
prices be capped in California when electricity reserves fall below 7.5
percent, triggering an emergency alert by the state's power grid managers.
California Gov. Gray Davis said earlier Wednesday that he had urged FERC to
extend the price controls so they would take effect when a Stage 1 alert was
declared by the California Independent System Operator. A Stage 1 alert means
electricity reserves have fallen below 7 percent.
After the order, however, Davis' spokesman Roger Salazar, said the governor
would not comment until he had a chance to review it in detail.
"All along we have been asking for meaningful relief. However, in order to
provide real assistance to the West, federal regulators should impose
meaningful temporary price caps this summer and next, fulfilling their
responsibility while California continue to bring additional power plants on
line," Salazar said Wednesday evening.
"It doesn't bode well that the one commissioner who knows California best,
Commissioner (William) Massey, voted against this proposal. We'll be looking
carefully at this in the morning."
FERC chairman Curtis Hebert said the order, which came after a day of intense
negotiations, seeks to "balance" the need to protect against unreasonable
prices and still encourage investment in power plants and promotion of
conservation measures.
But Massey, a Democratic commissioner, said the commission's requirement is a
"half a loaf solution" to the electricity crisis plaguing California and the
rest of the West. He said the price controls apply too narrowly and are
dependent on California's agreeing to join a regional power transmission
group, something the state has not wanted to do.
"The order turns into a pumpkin and will have no effect" if California does
not join the northwest in a joint power transmission system, said Massey.
Assemblyman Fred Keeley, D-Boulder Creek, called the ruling a mixed blessing.
"The most important element of the plan is yet to be determined and that is
the price which is forthcoming in 15 days," Keeley said.
Keeley said he was concerned that the order continues the "single market
clearing price" policy, which means the highest bid during the day is the
price that all the contracts are paid.
"That's what we have in California right now and it's of considerable
controversy," he said. "Having that as a Western states' policy is exporting
a bad idea."
The order also requires all wholesalers who use the grid to sell their power
into the market during emergencies, which Keeley said could greatly help fend
off blackouts.
Mirant spokesman Brian O'Neel and Duke Energy spokesman Tom Williams said
their company officials were still reviewing the order.
Enron spokeswoman Karen Denne called FERC's decision "unfortunate."
"Price caps will not help california's problem going into summer," Denne
said. "They neither increase supply or decrease demand. What they will do is
exacerbate the situation and create additional shortages."
Denne pointed out that power emergencies, such as Wednesday's Stage 2 alert,
are becoming routine in California, and will only become more common with
summer's heat. That would mean price caps could be in effect most of the
summer.
Sen. Debra Bowen, chairwoman of the Senate Energy Committee said the order is
movement and she likes to be optimistic about it.
"It's not the pot of gold at the end of the rainbow, but it's a help," said
the Marina del Rey Democrat. "It's a good thing to have done now, in April,
so we have a little time to see how it operates before we get into the
summer."
Bowen said tying price caps to perilously low electricity supplies may also
spur generators to get hundreds of small power plants back on line to avoid
the caps.
The three-member commission struggled all day to craft a price-mitigation
plan. Three times, a public hearing on the measure was postponed as
behind-the-scene negotiations continued. Finally, the three commissioners
emerged and approved the measure, with Massey opposing it.
Hebert, the Republican chairman, was joined in support of the order by
commissioner Linda Breathitt, a Democrat.
Breathitt said that despite Massey's criticism, overall "we have reached a
consensus that price mitigation should occur" in the California market.
Under the order price, controls would be triggered only if California grid
managers declare an emergency because electricity reserves fell to below 7.5
percent.
The FERC staff earlier had recommended that price controls only occur in
so-called Stage 3 emergencies in which there is only a 1.5 percent reserve
and rolling blackouts are imminent.
In issuing the order, Hebert reiterated his strong opposition to broader
price limits based on producers' cost of generation. Reflecting the views of
the Bush administration, Hebert said he continues to believe "the best
solution to California problems are market-based solutions."
However, the commission's action reflects growing pressure on both FERC and
the Bush administration to take additional action to ease the West's power
problems, which are expected to become worse this summer as electricity
demand increases and supplies continue to lag.
"I think we need price caps all the time not just when we're in an emergency.
It's the lack of price caps that puts us into emergency situations," said
Mindy Spatt, a spokeswoman for The Utility Reform Network, a consumer
watchdog group in San Francisco.
Earlier this week, a group of Senate Democrats and one Republican from the
Northwest introduced legislation to require FERC to impose broader price caps
on electricity markets across the West and peg them to the cost of power
production. FERC continues to reject such caps.
The FERC order focuses primarily on California and none of the price-
mitigation requirements would apply to the Northwest, where some wholesale
electricity prices have in recent weeks been even higher than those in
California.
"Since it's California only, I'm not sure what happens if other states are
experiencing shortfall and are willing to pay more than the proxy price,"
Bowen said.
However, FERC did direct that an agency investigation on whether some prices
have been unreasonably high should be extended from California to other parts
of the West. Massey said that investigation is far too narrow and will be
ineffective.
"We're inventing all of these market manipulations as we go. We'll know after
a month's experiment what actually happens to price and availability," Bowen
said.
---
On the Net:
Federal Energy Regulatory Commission: http://www.ferc.gov

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

US FERC To Approve RTO To Oversee Pacific NW Pwr Grid

04/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- Federal regulators Wednesday approved a plan to
create a new entity to independently administer competitive access to the
Pacific Northwest's power grid, which is dominated by the federally owned
Bonneville Power Administration's transmission system.
The U.S. Federal Energy Regulatory Commission unanimously accepted the
so-called RTO West proposal, which would create one of the largest regional
transmission organizations yet.
FERC regulators welcomed the plan as a significant milestone in the
commission's ambitious program to radically reshape the U.S. interconnected
power grid.
The commission's Order No. 2000 is designed to create large regional RTOs
throughout the U.S. to independently manage transmission assets, with twin
goals of promoting more robust competitive power markets while assuring grid
reliability.
Bonneville's transmission system represents more than three-quarters of the
grid assets to be administered by RTO West. The U.S. Department of Energy
power marketing agency is a major player in the Pacific Northwest and
California power markets due to its massive portfolio of hydropower
generation.
Joining Bonneville in the effort are a number of investor-owned utilities:
Avista Corp. (AVA), Enron Corp.'s Portland General Electric Co. (ENE),
Idacorp Inc.'s Idaho Power Co. (IDA), Montana Power Corp. (MTP), Scottish
Power's PacifiCorp (SPI), Puget Sound Energy Inc. (PSDC) and (Sierra Pacific
Resources (SRP).
The utilities will turn their assets over to independent management by the
non-profit RTO, and create a for-profit transmission company within the RTO
under a hybrid arrangement.
The non-profit entity also will allow many of the region's municipally owned
utilities to participate.

FERC approved the plan's governance, scope and configuration subject to
certain modifications, and directed the RTO to pursue expansion to include
the California Independent System Operator and Canadian interests.
In a separate power-price mitigation order, FERC directed the California ISO
to make an RTO filing by June 1. If not, the price-mitigation plan ordered
for California will end.
The order requires RTO West to report back by Dec. 1 on its efforts to expand
its geographic scope.
FERC accepted the governance arrangement for TransConnect, the for-profit
transmission company to be formed by the participating investor-owned
utilities, and authorized the company to file for incentive rates available
under FERC's RTO policy.
RTO West is the largest RTO yet approved by the commission geographically. It
will oversee transmission lines in eight states and 580,000 square miles of
territory.
Energy Secretary Spencer Abraham roundly endorsed RTO West Tuesday in a press
release urging FERC to accept the plan.
"It is important that we develop solutions that provide reliable transmission
service to the citizens of the region," Abraham said in an implicit reference
to the Pacific Northwest's highly volatile electricity market, partly a
result of California's high-profile power market meltdown.
The plan involves the first RTO encompassing a DOE power marketing agency,
and further, will allow the region's municipal utilities to participate,
Abraham noted.
DOE released a copy of an April 23 letter Abraham sent to FERC Chairman Curt
Hebert, urging approval of RTO West as part of a stepwise approach toward
promoting seamless competitive transmission access throughout the Western
U.S.
The letter touched on the debate among FERC's three sitting members over how
to promote a single, so-called "West-wide" RTO to govern the entire Western
interconnection, including California and the Desert Southwest.
"I am aware that some believe a single RTO in the Western United States is a
better solution than the regional approach proposed," Abraham said in the
letter to Hebert.
"The department supports the development of seamless electricity markets.
However, we believe the best way to achieve this goal is to take thoughtful
first steps that the region can support," Abraham said, noting the RTO West
plan embodies such a stepwise development.
"As a practical matter, this approach may be necessary in the Northwest to
maintain support for an RTO, given the fears that California's problems will
be imported to a West-wide RTO," the letter to Hebert continued.
"I believe the best way to achieve the balance between a healthy Western
electricity market and regional (power-grid) reliability needs is to create
strong regional RTOs and allow them to develop seamless market interfaces."
Commissioner William Massey, who has long advocated creation of a "West-wide
RTO" encompassing RTO West, California and the Desert Southwest, supported
the order.
RTO West will serve as "an anchor" for the ultimate formation of such a
West-wide RTO.
FERC Chairman Curt Hebert praised the action as a significant development in
the commission's RTO implementation effort. RTO West should provide an
important part of a solution to the electricity supply problems plaguing the
region, he said. -By Bryan Lee, Dow Jones Newswires, 202-862-6647,
bryan.lee@dowjones.com

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

USA: El Paso nipping at Enron's bandwidth heels.
By C. Bryson Hull

04/25/2001
Reuters English News Service
(C) Reuters Limited 2001.

HOUSTON, April 25 (Reuters) - El Paso Corp. on Wednesday emerged as one of
the most active bandwidth trading players after announcing new trading
numbers and the acquisition of a new network connection facility.
El Paso Global Networks, the Houston-based company's telecom unit, completed
395 bandwidth trades in the first quarter of 2001, more than double the 160
it consummated in the previous quarter, unit President Greg Jenkins told
analysts Wednesday during a conference call.
Bandwidth trading pioneer and market leader Enron Corp. by contrast cut 580
transactions in the first quarter of this year, and 321 in the quarter
before.
"There is no doubt El Paso Energy is the No. 2 player now in the bandwidth
commodity market. Their growth in transactions is pretty much a similar
ramp-up to what we saw with Enron," Salomon Smith Barney analyst Raymond
Niles said.
Jenkins said the contracts varied widely in length, from 30 days to 18 years,
and encompassed a number of different players.
"The majority of the transactions done in the first quarter were done with
telecommunications companies, either other carriers or other service
providers in the telecom industry," Jenkins said, noting that non-telecom
players also increased.
That belies some of the primary criticism of bandwidth trading naysayers,
Niles said.
"A lot of people are running around saying these guys are just trading with
each other. Enron last week was the first to say that is not true, and El
Paso is confirming it," he said.
Gas and power convergence companies like El Paso, Enron, Dynegy Inc. and The
Williams Cos. are the early players in the market for trading bandwidth, or
network capacity. All four believe the commodity market for bandwidth could
eventually be bigger than their operations in gas and power.
But before that can happen, the companies must develop a liquid marketplace
through which bandwidth can easily be transferred from one party to another.
BUYS NEW NETWORK FACILITY
To that end, El Paso on Wednesday announced the acquisition of the Lakeside
Technology Center in Chicago, a telecommunication carrier hotel, from equity
investment firm The Carlyle Group.
"It's a perfect example of how we blend capital market, commodity market and
telecom expertise to transform this industry into a more efficient
marketplace," Jenkins said.
El Paso declined to say how much it paid, but a source close to the deal
indicated it was in excess of $100 million. Carlyle and El Paso will also
jointly develop interconnection facilities in San Jose, Los Angeles and New
York.
A carrier hotel is a physical facility where network carriers and service
providers can more easily connect their networks to one another. Inside is an
interconnection facility that acts like an electronic rail-switching yard for
bandwidth networks.
"The idea for bandwidth trading is to form the interconnections that will
permit trading, because right now, the interconnections are very clunky,"
Niles said.
A real-time trading market will require instantaneous network switching, not
technicians snaking cables from one network to another, he said.
Enron already has built 25 separate pooling points worldwide, 18 of which are
in the U.S., to meet that end. On Wednesday it offered open access at those
pooling points to qualified trading partners.
El Paso Global Networks plans to spend $2 billion to build its bandwidth
network, and expects to turn a profit by 2003.
In the first quarter, El Paso more than doubled its metro fiber miles, or
miles of wires within cities, to 15,000 from 6,700, Jenkins said.

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


FYI.  Thanks. Lynn

 -----Original Message-----
From: 	Holmes, Bradley
Sent:	Tuesday, October 02, 2001 2:21 PM
To:	Blair, Lynn
Subject:	DRAFT

  [Blair, Lynn]

Thanks for your help.


The Hall-Yoder Daily Assessment Index for Thursday, November 8, 2001:   -5

Monday       +1
Tuesday       -1
Wednesday -2
Thursday     -5

The pronounced slow down in trading and the release of the restatement of income figures, amounting as the numbers did,  to another heavy "foot falling,"  are substantive factors that are not mitigated by the fact that the Street stayed its raised boot from punting us across the junk bond  line and that the Dynagy merger talks apparently continue, while the Mordant news further darkens the perception of the inner sanctum of the commercial temple.

 What does it mean that as our inexorable fall continues step by step,  the crows, those sable messengers that were flying up and down this very river at this very site when Rome fell, are showing increasingly positive signs?  Today, several couples danced with what could only be seen as playfulness on the upcurrents of warm air that abound in and around the buildings,  gamboling aviary dyads  in the bright sun above the scarlet leaves, their dance upon the wind currents clearly celebratory, even to our reluctant, jaded eyes, sickened with foul corruption.    ----cgy


----- Forwarded by Stacy Walker/Enron Communications on 02/05/01 09:28 AM
-----

	Kelly Kimberly
	Sent by: Stacy Walker
	01/31/01 03:25 PM

		 To: Brian Stanley/EU/Enron@Enron, Dan Bruce/HOU/ECT@ECT, Dave
Schafer/NA/Enron@ENRON, Eddie Clay/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elyse
Kalmans/Corp/Enron@ENRON, Gene Humphrey/Enron@EnronXGate, George
Wasaff/Enron@EnronXGate, Gregory Adams/Corp/Enron@ENRON, Hap
Boyd/EWC/Enron@Enron, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jean Mrha/NA/Enron@ENRON, Jere C Overdyke/HOU/ECT@ECT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mariella
Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder/LON/ECT@ECT,
Michael Terraso/OTS/Enron@Enron, Miguel Padron/NA/Enron@ENRON, Mitchell
Taylor/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@Enron, Rick Buy/HOU/ECT@ECT,
Rob Walls/NA/Enron@Enron, Shelley Corman/Enron@EnronXGate, Steven J
Kean/NA/Enron@ENRON, Tim DeSpain/HOU/ECT@ECT, Vicki Sharp/HOU/EES@EES
		 cc: Kenneth Lay/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON, Jeff
Skilling/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Nicola
Blancke/EU/Enron@Enron, Mary Weatherstone/Enron@EnronXGate, Lisa
Costello/NA/Enron@Enron, Barbara Hooks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Zulie Flores/Corp/Enron@ENRON, Bert Frazier/Enron@EnronXGate, Karina
Prizont/Enron@EnronXGate, Dortha Gray/GPGFIN/Enron@Enron, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Melissa Jones/NA/Enron@ENRON,
Donna Baker/HOU/ECT@ECT, Leena Mathews/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Isabel Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beverley
Ashcroft/LON/ECT@ECT, Laura Glenn/OTS/Enron@ENRON, Karen E
Campos/NA/Enron@ENRON, Rosario Boling/Corp/Enron@ENRON, Laura
Valencia/Corp/Enron@ENRON, Karen K Heathman/HOU/ECT@ECT, Debra
Hicks/NA/Enron@Enron, Ruth Mann/Enron@EnronXGate, Maureen
McVicker/NA/Enron@ENRON, Marion Sczykutowicz/HOU/ECT@ECT, Michelle
Maynard/HOU/EES@EES, (bcc: Stacy Walker/Enron Communications)
		 Subject: Corporate Responsibility Task Force meeting

Attached are the details of the next Corporate Responsibility Task Force
meeting set for next Tuesday, February 6, from 9:00 to 11:00 a.m. CST in
Houston.


Jorge,
Thanks for the update, and the info on Modreg.

Setting up SDDP for Argentina is a significant task involving a good deal of data entry time.  This is not a task I can help you with due to limited time left at Enron - 2 November is my last day.  Unfortunately for you, the folks in Oslo moved quickly and have arranged for me to spend next week working with them.  In the remaining week after that, I will be able to give you advice on how to do the job, but not do any of the real hard work for you.

I suggest you start by setting up a few hydro and thermal stations - perhaps 4 of each, in two different regions.  This will ensure you have the basic requirements OK, once you have got it to solve.  There are some example models included in the setup files.  Case 9 is a good one with one hydro included.  The graphical user interface is not too bad and is available in both Spanish and English.

You need to enter:
Demand data
Fuel prices for at least one fuel
Basic hydro data only - MW, cumec/MW, topology data
Basic thermal data - MW, heat rate, fuel type
Inflow data - weekly or monthly data.
Set up an area interchange constraint by limiting flows from some group of plants.

Do you think this strategy is feasible?

Tom

 -----Original Message-----
From: 	Gumucio, Jorge
Sent:	Thursday, October 18, 2001 3:19 PM
To:	Halliburton, Tom
Cc:	Vince J Kaminski/HOU/ECT@ENRON; Rosenberg, David; Poole, Julian
Subject:	Re: ModReg for Argentina

Hi Tom:

Thanks for the prompt  and accurate evaluation of what MODREG does.
I know about you leaving Enron and what your schedules looks like, so I think I will try to make the best use of time and resources in order to have an SDDP model up and running for Argentina.
In the meeting we had with Vince K.,  and  after reviewing the calibration exercise  run with MODREG we have decided to:
1. Set up the Argentinean system into the SDDP  model
	* I would like to know what information you need in order to get this done
2. Run the calibration exercise with the SDDP model in order to compare results.
	* Feed the model with actual data (hydro generation, Exports) from January to June and get the output for Prices, Thermal Generation, Exports/Imports

Please find attached the presentation regarding MODREG and the calibration results.

I will be talking to the consultants in order to get more information in some topics we need further research such as. Transmission losses, forced dispatched units and gas availability.

Please contact me so I can start gathering all you need to get the model running

Regards

Jorge Gumucio
 << File: Modreg_calibration.ppt >>

From:	Tom Halliburton/ENRON@enronXgate on 09/28/2001 02:29 PM CDT
To:	Remi Collonges/SA/Enron@Enron, David M Rosenberg/SA/Enron@Enron, Jorge Gumucio/SA/Enron@Enron
cc:	Vince J Kaminski/ENRON@enronXgate, Zimin Lu/ENRON@enronXgate

Subject:	ModReg for Argentina

Folks,
Here's some preliminary comments on the model we are using for Argentina.  Please correct me on any misunderstandings!

ModReg was written by consultants in Buenos Aires.  Documentation is available in Spanish only.  All data input is by means of text files, which require column orientated input, ie numbers must go into specific columns.  Detailed documentation has been provided specifying the data format for each file.

A weekly time step is used, with five load blocks per week, and a time horizon of one year, typically.  Each model run requires about 6 hours of processing.

ModReg is a modified version of the model used by the grid operator.  It is coded in Fortran and requires a CPLEX licence.  CPLEX is a powerful linear programming solver, developed by ILOG.  As the model is written in Fortran, the very good higher level interface to CPLEX is not available, so the code will have to access CPLEX at a lower level.

We have no documentation describing how the model algorithms.  Source code is not available at present.

ModReg appears to model around 30 busses and 71 lines.  Lines are characterised by from bus number, to bus number, maximum MW capacity in each direction, a percentage  loss factor, cost of transmission in each direction, and some other details.  Demand data is specified by week and load block for each bus.  Thermal plants have a heat rate and maintenance schedule specified, with the possibility of multiple fuels. I understand that hydro generation schedules for each historical inflow condition are an input to the model as they are calculated elsewhere.

From the above it appears that we have an unsatisfactory situation:
	ModReg is difficult to use
	we do not know in detail what the model does
	we do not have documentation describing the algorithm
 	because source code is not available, we are completely dependent on the consultants.

If Enron is to continue modeling Argentina, we should as a minimum have a model that we understand, is reasonably easy to use, and is documented.  A graphical user interface is really needed to make ModReg easier to use.  Documentation is of course essential.  We should not use a model developed by consultants without documentation.  These steps would enable us to have more confidence in model results, and shortens the learning curve to enable more people to use model.

SDDP is likely to be a suitable replacement.  It would require reseroir inflow data rather than the calculated generations.  The regional loads etc could be modeled using the DC loadflow feature, with zero impedance lines.  Transmission losses in SDDP are a quadratic function of power flows, so some guesses would have to be made for line resistence values.  Setting up an SDDP model to represent all the aspects included in ModReg would be a time consuming job, that would require a good undertanding of the data for both models.  Some direct cut and paste of data from one model's files to the others will be possible with a suitable column oriented text editor.  However the end result would be a model with the desirable attributes of documention, GUI interface, and flexible output.

Tom Halliburton


FYI.  Don't freak at the # of reviewers!
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 05/18/2000
04:11 PM ---------------------------

	Enron North America Corp.

	From:  Brenda F Herod                           05/18/2000 04:09 PM

To: PerfMgmt/HOU/ECT@ECT
cc: Hector McLoughlin/Corp/Enron@Enron
Subject: Reviewers

Per the Help Desk instructions, please enter in the PEP system the following
reviewers for one of my employees, Daren Farmer.  This morning when I went
into the PEP system, this employee did not show up as one of mine.  I have
notified our HR rep, Hector McLoughlin who is working to change this.
Thanks.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 05/18/2000
04:00 PM ---------------------------

Daren J Farmer
05/18/2000 03:42 PM
To: Brenda F Herod/HOU/ECT@ECT
cc:
Subject: Reviewers

B,

Reviewers:

Gary Hanks
Tom Martin
Elsa Villareal
Ed Gottlob
Pat Clynes
Stacey Neuweiler
Ami Chokshi
George Grant
Stella Morris
Carlos Rodriguez
Lisa Csikos
Steve Venturatos
Mary Smith
Rita Wynne
Charlotte Hawkins

D


Yeah, at least every other week.  He is traveling in New York this week.  I'll let you know when he's back home.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Thursday, June 20, 2002 3:31 PM
To:	Choate, Heather
Subject:	Bob Hall

Do you ever talk to Bob.  What is he doing?  I want to call and hassle him at home.


This is to inform you that effective immediately, your human resource representative will be Hector McLouglin. Please channel any questions or concerns to him. I will be moving over to service corporate. I would like to take this opportunity to tell you what an honor it has been servicing you.

Regards
Frank


Market Participants:

  At the May ISO Governing Board meeting the Board directed
Management to bring back to the Board a recommendation on the "parameters
and process" for proceeding with a competitive solicitation (Valley-Rainbow
RFP) to determine if there are cost-effective and reliable alternatives to
SDG&E's proposed Valley-Rainbow transmission project. The specific Board
motion can be found at:
http://www1.caiso.com/pubinfo/BOG/documents/motions/20000525/Board/SDGEValle
yRainbow500KVProject.htm
<http://www1.caiso.com/pubinfo/BOG/documents/motions/20000525/Board/SDGEVall
eyRainbow500KVProject.htm>  and additional information on the project can be
found at http://www.caiso.com/thegrid/planning/sdge500kvtrans.html.
<http://www.caiso.com/thegrid/planning/sdge500kvtrans.html>
  These matters are scheduled to be addressed at the August 1
Board meeting. Attached is a memo that outlines ISO Management's preliminary
thoughts and recommendations on how to structure the process for conducting
and the parameters of the Valley-Rainbow RFP.  Please provide us your
thoughts and feedback on these matters no later COB Friday, July 21.  Please
send your comments to: sgreenleaf@caiso.com <mailto:sgreenleaf@caiso.com>
and btheaker@caiso.com <mailto:btheaker@caiso.com> . While the
recommendations outlined below are clearly a work-in-progress, it is
imperative that we receive your substantive feedback early so that we can
develop a fair and reasonable final recommendation. Thanks for your time and
consideration.

   <<000711 STG Valley-Rainbow - Market Participants.rtf>>

  Steve Greenleaf
  Director, Regulatory Affairs

  Brian Theaker
  Manager, Reliability Contracts

 - 000711 STG Valley-Rainbow - Market Participants.rtf


The following is a status report from the consultant.  This information will be revised to look the the Daily Recap report and then posted weekly on the website.

We will also continue to provide a list of the outages that we hear about from the newswire separately.

			13-Nov-01

	Plants	 Net Mwe	Current Status	Comments
	ECAR
1	BEAVER VALLEY 1	810	Operating
2	BEAVER VALLEY 2	833	Operating
3	DAVIS BESSE	877	Operating
4	DC COOK 1	1020	Operating
5	DC COOK 2	1090	Operating
6	FERMI 2	1098	Refueling	Restart expected 12/1/01
7	PALISADES	780	Regulatory Outage for Nozzle Cracking	Restart expected late January 2002
8	PERRY 1	1194	Operating
	ERCOT
1	COMANCHE PEAK 1	1150	Operating
2	COMANCHE PEAK 2	1150	Operating
3	SOUTH TEXAS 1	1250	Operating
4	SOUTH TEXAS 2	1250	Operating
	FRCC
1	CRYSTAL RIVER 3	825	Operating
2	ST LUCIE 1	839	Operating
3	ST LUCIE 2	839	Operating
4	TURKEY POINT 3	693	Operating
5	TURKEY POINT 4	693	Operating
	MAAC
1	CALVERT CLIFFS 1	825	Operating
2	CALVERT CLIFFS 2	825	Operating
3	HOPE CREEK	1031	Refueling (not confirmed)	Restart expected 11/16/01
4	LIMERICK 1	1055	Operating
5	LIMERICK 2	1108	Operating
6	OYSTER CREEK 1	610	Operating
7	PEACH BOTTOM 2	1100	Operating
8	PEACH BOTTOM 3	1100	Operating
9	SALEM 1	1106	Operating
10	SALEM 2	1106	Operating
11	SUSQUEHANNA 1	1090	Operating
12	SUSQUEHANNA 2	1094	Operating
13	THREE MILE ISLAND 1	786	Refueling/Steam Gen Tube Repair	Restart expected 11/24/01
	MAIN
1	BRAIDWOOD 1	1134	Operating
2	BRAIDWOOD 2	1134	Operating
3	BYRON 1	1116	Operating
4	BYRON 2	1116	Operating
5	CLINTON 1	930	Operating
6	DRESDEN 2	794	Operating	Just completed refueling on 11/9/01
7	DRESDEN 3	794	Operating
8	KEWAUNEE	503	Refueling / Steam Gen Replacement	Restart expected 11/27/01
9	LASALLE 1	1078	Operating
10	LASALLE 2	1078	Operating
11	POINT BEACH 1	485	Operating
12	POINT BEACH 2	485	Operating
13	QUAD CITIES 1	789	Operating
14	QUAD CITIES 2	789	Operating
	MAPP
1	COOPER	764	Refueling (not confirmed)	Started 11/3/01; Restart expected 12/13/01
2	DUANE ARNOLD	538	Operating
3	FORT CALHOUN	478	Operating
4	MONTICELLO	600	Refueling	Started 11/3/01; Restart expected 12/16/01
5	PRAIRIE ISLAND 1	540	Operating
6	PRAIRIE ISLAND 2	540	Operating
	NPCC (NEPOOL)
1	MILLSTONE 2	870	Operating
2	MILLSTONE 3	1149	Operating
3	PILGRIM 1	670	Operating
4	SEABROOK	1162	Operating
5	VERMONT YANKEE	504	Operating
	NPCC (NYPP)
1	FITZPATRICK	780	Operating
2	GINNA	470	Operating
3	INDIAN POINT 2	975	Operating
4	INDIAN POINT 3	965	Operating
5	NINE MILE POINT 1	610	Operating
6	NINE MILE POINT 2	1137	Operating
	SERC
1	BROWNS FERRY 2	1065	Operating
2	BROWNS FERRY 3	1065	Operating
3	BRUNSWICK 1	767	Operating
4	BRUNSWICK 2	754	Operating
5	CATAWBA 1	1129	Operating
6	CATAWBA 2	1129	Operating
7	FARLEY 1	822	Refueling	Restart expected 11/15/01
8	FARLEY 2	854	Operating
9	HARRIS	860	Refueling / Steam Gen Replacement	Restart expected 12/6/01
10	HATCH 1	800	Operating
11	HATCH 2	818	Operating
12	MCGUIRE 1	1129	Operating
13	MCGUIRE 2	1129	Operating
14	NORTH ANNA 1	893	Operating
15	NORTH ANNA 2	897	Operating
16	OCONEE 1	846	Operating
17	OCONEE 2	846	Operating
18	OCONEE 3	846	Refueling	Started 11/10/01; Restart expected 12/15/01
19	ROBINSON 2	683	Operating
20	SEQUOYAH 1	1148	Refueling	Restart expected 11/27/01
21	SEQUOYAH 2	1148	Operating
22	SUMMER	885	Operating
23	SURRY 1	801	Refueling (not confirmed)	Restart expected 11/15/01
24	SURRY 2	801	Operating
25	VOGTLE 1	1162	Operating
26	VOGTLE 2	1162	Operating
27	WATTS BAR 1	1150	Operating
	SPP
1	ARKANSAS 1	836	Operating
2	ARKANSAS 2	858	Operating
3	CALLAWAY	1235	Operating
4	GRAND GULF	1142	Operating
5	RIVER BEND 1	936	Operating
6	WATERFORD 3	1075	Operating
7	WOLF CREEK	1135	Operating


The timesheet due date is quickly approaching.  Please email me your
exceptions for time period March 1-15, 2001.

Thanks!

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


go to aimr.com


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/16/2000
02:51 PM ---------------------------
To: Faith Killen/HOU/ECT@ECT
cc:
Subject: Re: West Gas 2001 Plan

Faith,

 Regarding the 2001 plan, the members of the west desk are as follows:

 Name   Title

 Trading
 Phillip Allen  VP
 Mike Grigsby  Director
 Keith Holst  Manager(possible Director)
 Janie Tholt  Director
 Steve South  Director
 Frank Ermis  Manager
 Tori Kuykendall  Manager
 Matt Lenhart  Analyst(possible associate)
 Monique Sanchez Commercial Support Manager
 Jay Reitmeyer  Senior Specialist
 Ina Rangel  Assistant (split costs with middle market)

 Marketing

 Barry Tycholiz  Director
 Mark Whitt  Director
 Paul Lucci  Manager (possible Director)
 2-3 TBD

Do I need to give you the names of our operations group?

Special Pays-  I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.

I know you have been working with Barry T.  if his headcount is different on
the Marketing staff use his numbers.  Let me know if there is anything else
you need.

Phillip


Attached is GPG's report for October 2000.


Shoot, I'll be in Houston...