Gerald -- here are a couple of suggested wording changes (should appear in
blue)

 1.  FERC was made aware of the Compression Services arrangement with ECS (at
that time via Enron Capital & Trade Resources Corp.) in the filings for the
certification of the Kachina units.  FERC simply didn't ask any further
questions in that proceeding.  The Operation & Maintenance Agreements in
place for the Kachina units essentially accomplishes the same things as the
Operational Control Agreement in Gallup.  TW feels the O&M agreements would
be adequate to address any concerns about TW's regulatory responsibility over
the compressor facilities.  The Operational Control agreement was put into
place in Gallup because it was thought to be easier to give FERC exactly what
is was looking for rather than show them the Gallup O&M Agreement which might
unnecessarily complicate the process at that time.

 2.  There is no basis in FERC Regs or the NGA for FERC to impose any type of
penalty or discontinue the Compression Service's due to TW's operation of
Kachina without the Operational Control Agreement.  No regs or law address
this situation.  Again this is tempered by the fact that FERC was made aware
of the arrangement and didn't ask any questions and the O&M agreement is in
place to accomplish control for TW.

 3.  I also faxed you a copy of Section 19(c) of the NGA which indicates that
the petition for rehearing does not effect the status of the certificate.
Construction is moving ahead and the anticipated start date is May 1.

I will forward the filing TW made wrt to the Operational Control Agreement as
soon as I recieve it.  Let me know if you have any further questions (713)
853-3512.

Gerald Nemec@ECT
03/23/2000 11:47 AM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: FERC Issues

Susan, Attached is the text I am forwarding to the investors.  Please let me
know if you have any comments.  Thanks for your help.

I talked further with Transwestern Counsel today concerning the issues and
have the following points;

 1.  FERC was made aware of the Compression Services arrangement with ECS (at
that time via Enron Capital & Trade Resources Corp.) in the filings for the
certification of the Kachina units.  FERC simply didn't ask any further
questions in that proceeding.  The Operation & Maintenance Agreements in
place for the Kachina units essentially accomplishes the same things as the
Operational Control Agreement in Gallup.  TW feels the O&M agreements would
be adequate to answer any questions that possibly FERC might ask regarding
this subject matter.  The Operational Control agreement was put into place in
Gallup because it was thought to be easier to give FERC exactly what is was
looking for rather than show them the Gallup O&M Agreement which might slow
down the process at that time.

 2.  There is no basis in FERC Regs or the NGA for FERC to impose any type of
penalty or discontinue the Compression Service's due to TW's operation of
Kachina without the Operational Control Agreement.  No regs or law address
this situation.  Again this is tempered by the fact that FERC was made aware
of the arrangement and didn't ask any questions and the O&M agreement is in
place to accomplish control for TW.

 3.  I also faxed you a copy of Section 19(c) of the NGA which indicates that
the petition for rehearing does effect the status of the certificate.
Construction is moving ahead and the anticipated start date is May 1.

I will forward the filing TW made wrt to the Operational Control Agreement as
soon as I recieve it.  Let me know if you have any further questions (713)
853-3512.


FYI.

I changed the pricing on the September deal (#386540) to IF HSC-.05 from HSC
GD.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 10/18/2000
07:08 AM ---------------------------

Daren J Farmer
10/16/2000 12:43 PM
To: Mary Poorman/NA/Enron@ENRON
cc: Jeffrey A Austin/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Fred Boas/HOU/ECT@ECT
Subject: Re: Saxet Canales meter 980437 for August, 2000

I created deal #439909 for August.

Jeff - I am assuming that the price for August is Gas Daily.  Currently, we
have the September deal priced at Gas Daily also.  Since this was flowing on
the first, should the price be at Inside Ferc HSC for September?

D

Mary Poorman@ENRON
10/13/2000 03:42 PM
To: Mary Poorman/NA/Enron@Enron
cc: Daren J Farmer/HOU/ECT@ECT, Jeffrey A Austin/HOU/ECT@ECT, Carlos J
Rodriguez/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
Subject: Re: Saxet Canales meter 980437 for August, 2000

Sorry about that, I had some tech difficulty with the first version and the
subject line, which was pertinent, was not included.

Mary

 - Good catch Carlos


Jeff, this sounds like an opportunity for Enron on line.  We should bide our
time for now, but tell the guys in the server farms to gear up.  Mike
-----Original Message-----
From: Angeles, Zenee G. - TPZGA [mailto:ZAngeles@sempra.com]
Sent: Wednesday, September 06, 2000 5:27 PM
To: Alexander, Michael@sce; Amirault, Paul@AEC; Bayless, David@Utility;
Beach, Thomas@Crossborder; Burkholder, John@cts/whb; Chancellor,
Craig@Calpine; Counihan, Rick@Green Mountain; Dasovich, Jeff@Enron; Day,
Michael@GMSSR; Dingwall, Brian@UEM; Elsesser, Evelyn@aelaw; Johnson,
Pamela@REMAC; Jun, Christine@aelaw; Karp, Joseph@Whitecase; Keeler, Paul@BR;
Leslie, John@Luce; McCrea, Keith@CIG/CM; Paul, Joe@Dynegy; Pocta, Mark@ORA;
Porter, Doug@SCE; Rochman, Michael@CUB; Rochman, Michael@SPURR; Scott,
Susan@TW; Worster, Gerard@TXU; Zaiontz, Jean@BP
Cc: Sullivan, Glen J.; Lorenz, Lad - TPLPL; Suwara, J.- TPJUS; Betonte,
Robert - TP2RSB; Follett, B. David - TPDBF
Subject: GIR: FELLOW SIGNATORIES TO THE COMPREHENSIVE SETTLEMENT - ALTRA
Importance: High
Sensitivity: Confidential

Dear fellow signatories to the Comprehensive Settlement:

On Friday of last week, SoCalGas and PG&E informed ALJ Biren that Altra had
definitively declined to offer the electronic trading services that both the
already-approved PG&E settlement and the pending SoCalGas/SDG&E
Comprehensive Settlement contemplated would be provided specifically by
Altra for at least an intial period.  Both SoCalGas and PG&E sent a letter
and email to to the full service list yesterday (Tues, 9/5) informing
parties of this development.

SoCalGas believes that some modification to the Comprehensive Settlement in
necessary to take this development into account, and that we then need to
file the modification as soon as possible with the Commission.  The ALJ has
indicated to us that some formal filing with the Commission in response to
this development will be necessary.

We want to work with the signatories to the Comprehensive Settlement to
reach a consensus as soon as possible.  Our goal is to cause little or no
delay in the processing of a decision on the Comprehensive Settlement.

What SoCalGas has in mind is modifying the settlement to remove the specific
naming of Altra and to insert language saying that SoCalGas will select and
contract with a third-party provider for a specified period of time, without
identifying in the settlement who that will be.   We also need to consider
whether we should address in the revision to the settlement how we will
handle the possibility that the third-party provider will not be ready to
operate by the April 1, 2001 date the settlement provides for the monthly
imbalance trading, OFO day imbalance chip trading, and storage rights
trading.  SoCalGas is looking at interim arrangements that it could provide
in-house starting April 1, 2001, until the third-party provider could begin
service.  We also might consider what would happen if no third party
provider can be found.

To avoid any claims that we have not complied with the settlement rules,
today we mailed and emailed to the full service list a notice of a
settlement conference for Wednesday of next week.  We want to file something
with the Commission very promptly thereafter.

Please feel free to contact Glen Sullivan at 619-699-5027, Lad Lorenz at
213-244-3820, Bob Betonte at 213-244-3832, or June Suwara at 213-244-3504 on
this subject.

For those of you who have not heard, Brian Cherry has submitted his
resignation from Sempra Energy's Regulatory Affairs Dept. and will be going
to work shortly for PG&E in a similar capacity.


----- Forwarded by Tana Jones/HOU/ECT on 05/07/2001 11:16 AM -----

	exchangeinfo@nymex.com
	05/04/2001 02:30 PM

		 To: tana.jones@enron.com
		 cc:
		 Subject: (01-150) Amendments to NYMEX End of Week Post-Close Trading Session
Rule

Notice # 01-150
May 4, 2001

TO:
All NYMEX Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Amendments to NYMEX End of Week Post-Close Trading Session Rule

DATE:
May 4, 2001
===========================================================

Please be advised that beginning on Friday, May 11, 2001, a number of changes
to the NYMEX End of Week post-close trading session rule that were recently
approved by the Board will become effective.

Specifically, beginning on Friday, May 11, 2001 and continuing for subsequent
Friday post-close sessions (and post-close sessions the day before a mid-week
Exchange holiday) the following changes will be in effect:

(1) Contract months eligible for trading in these sessions will be expanded
from the first four to the first 12 consecutive listed contract months.

(2) The sessions will be 5 minutes in duration.

(3) The trading range for these sessions will be expanded by adding the
following ticks above (below) the
daily high (low) for the applicable contract month (provided that this
expanded trading range does not violate the maximum permissible price
fluctuation limits then in effect):

Crude Oil  20 ticks
Heating Oil   50 ticks
Unleaded Gas   50 ticks
Natural Gas  50 ticks

If you have any questions concerning these changes, please contact George
Henderson, Vice President, NYMEX Floor Department, at (212) 299-2071; Rob
Stasi, Manager of Trading Floor Systems, NYMEX Floor Department, at (212)
299-2067, or Brian Regan, Senior Associate General Counsel, at (212) 299-2207.

AMENDMENTS TO NYMEX RULE 6.57(&POST-CLOSE TRADING SESSION8) AND
NYMEX RULE 6.57A (&END OF WEEK TRADING SESSION8)

(Asterisks indicate additions; brackets indicate deletions.)

Rule 6.57A.  END OF WEEK TRADING SESSION

On the last trading day of the calendar week, and, in any week when an
Exchange holiday falls on a Tuesday, Wednesday or Thursday on the trading day
preceding such midweek Exchange holiday, there shall be no post-close trading
session provided on the trading floor pursuant to Rule 6.57.  Instead, on
such dates, an end of week trading session (the &End of Week Session'') shall
commence on the trading floor pursuant to this rule and subsequent to the
close.  Except as otherwise provided by the President or the President,s
designee for a particular trade date, such End of Week Session shall commence
twenty (20) minutes after the close of trading in all futures contracts and
shall continue for a period of [ten (10)]  * five
 (5) * minutes in all energy and metals futures contracts, subject to the
following conditions:

(A) Trading during the End of Week Session shall be limited to the first
[four] * twelve * listed delivery months;

(B) Trades occurring during the End of Week Session for a particular contract
month of a futures contract shall be executed openly and competitively at a
price within the daily trading range of the applicable contract month for
that futures contract * and as further expanded above the daily high and
below the daily low only for the contracts listed below provided however that
no such expanded trading range may exceed the price fluctuation limits in
effect for the applicable contract as of the end of the RTH session:

Contract    Additional Ticks

Crude Oil    20 ticks
Natural Gas    50 ticks
Unleaded Gasoline   50 ticks
Heating Oil    50 ticks *

(C) During the End of Week Session, Floor Members, Floor Brokers and their
customers may participate in the same manner as trading occurring during the
regular RTH session, except that any order submitted during the RTH session,
including but not limited to resting orders such as stop orders, limit orders
and good until cancelled (GTC) orders, will be deemed to have expired as of
the end of RTH for purposes of this End of Week Session.  Accordingly, in the
event that a market participant with such an expired order seeks to
participate in the End of Week Session, a new order must be submitted.

(D) Prices for trades executed during the End of Week Session shall  be
reported on public ticker services;

(E) Current market prices and trades executed during the End of Week Session
shall not be considered in determining any settlement price; and

(F) Floor Members executing trades during the End of Week Session shall mark
a line across their trading cards prior to the entry of an End of Week
Session trade.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"
http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc
=(01-150)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Actually I'm only waiting on two books.  And the price book is already done.
Can you believe that?  Talk to you later.

I'll call when I get home.  That is if I get home at a decent time.


Marie,

FYI.  Yesterday we received a netting agreement from Valero and delivered it to Jay Wiliams for further handling.  Please add the list of negotiations and assign it to John Viverito.

Thanks.
Nony

 -----Original Message-----
From: 	Aronowitz, Alan
Sent:	Wednesday, October 31, 2001 6:11 PM
To:	Flores, Nony; Williams, Jason R (Credit)
Cc:	Cook, Mary; Viverito, John
Subject:	RE: Valero Netting Agreement

Nony:

Please make sure Marie Heard adds this to the list of netting agreement negotiations, and assigns to John.
Thanks.

 -----Original Message-----
From: 	Flores, Nony
Sent:	Wednesday, October 31, 2001 1:33 PM
To:	Williams, Jason R (Credit)
Cc:	Aronowitz, Alan; Cook, Mary; Viverito, John
Subject:	Valero Netting Agreement

Jay,

We received a fax copy of a Net Settlement Agreement for crude products (ERAC) from Valero.  We're delivering a copy to you this afternoon for further handling.  Please let us know if we can help in any way.

Regards,

Nony Flores


We need to get together this afternoon at 2:00 PM in room 3745 to discuss how
we will schedule and allocate the HPLR Liquids coming into Humble Gas
Pipeline at meter 8793.  Karry, it is my understanding that you do not want
an intercompany sale from HPLR Liquids to HPLC at this point.   How do you
plan to get this gas to King Ranch since HPLR Liquids does not have a
transport on Humble?

Daren, the intercompany HPLC purchase  is how it is set up currently in MOPS.

Robert, since Stella is out, we will need someone to represent Logistics.

HC


Jeff,

In light of the puny VAR allotments attributed to the simulated trading participants, we have decided to graduate Matt Smith from the exercise.  Please advise Kimat Singla it will no longer be necessary to calculate a simulated book for Matt Smith.  Please use his COB 9/25/01 P&L as his official score for this exercise and post his total on the High Score table under the initials MDS.

Thank you,

Phillip


Brawner done at 100k and 100k
Davies done at 325k and 325k

Whitt is fine at 150k and 150k @if Lucci is at 50k and 50k @if we offer employment to Theresa Staab who is a scheduler.

Also all of us may be going to NY on Thursday morning.


On September 12, 2001 the Commission accepted the settlement between ISO New England and numerous other parties regarding rates.  The rates are effective July 1, 2001.

If you need further information, please let me know.

Susan Lindberg
x30596


<<Gas Transaction Collateral Agreement(4-19-01)ENA.doc>>

Here is the clean version, with spacing, numbering and punctuation fixed.
On the Master Netting Agreement Amendment, one more change - the signature
block for PG&E Energy Trading - Power, L.P. should be by PG&E Energy Trading
Holdings Corporation (there is no longer a "-Power" in its name).  We
chagnedits name in the last few months.

The UCC searches are in process.  CEG is a Saskatchewan corp and ET Gas
Canada is an Alberta-headquartered corp.  The other three are Maryland based
so their searches should move faster.  Peter

Peter

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.

 - Gas Transaction Collateral Agreement(4-19-01)ENA.doc


crazy day....this day took a week off my life.
plans tonight?

 -----Original Message-----
From: 	Ward, Kim S.
Sent:	Thursday, May 31, 2001 4:39 PM
To:	Arnold, John
Subject:

Bad day?


Daren,

I have some flow at the above referenced meter without a deal.  Flow was for
the first 2 days only, and probably occured as the meter was in the process
of being shut in.  We purchased the gas from Torch-Rally Partnership in
Sept.  Can you extend the deal, or should I allocated off to strangers?

Please advise.

Mary


---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
11/02/2000 10:16 AM ---------------------------

mggagliardi@duke-energy.com on 11/02/2000 09:02:51 AM

To:   DGagliardi@reliantenergy.com, David_Ricks@GSDM.com,
Tony.A.Rogers@fritolay.com
cc:

Subject:  True Orange Fax/E-Mail #103

---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 11/02/2000 09:02 AM
---------------------------

TruOrange@aol.com on 11/01/2000 10:13:27 PM

To:   TruOrange@aol.com
cc:
Subject:  True Orange Fax/E-Mail #103

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #103, Wednesday, November 1, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

Practice Cut Short by Lightning; Haywood Undergoes Surgery
The Longhorns cut their practice short by about an hour Wednesday because
of
a thunderstorm with intermittent lightning that swept through Austin during
the late afternoon.
But coach Mack Brown said the team had a good workout, and he said the
coaches are working with the offense to try to iron out the wrinkles that
have caused the team to struggle in the first quarter this season.
He said the offense has been improving steadily since QB Major Applewhite
took back the starting job and the freshmen wide receivers began starting,
and he said the coaches have been telling the players a slow start could
prove fatal to the team's chances of winning Saturday night at Texas Tech.
* * * *
Longhorn athletic officials inquired about the possibility of moving the
time
of the Kansas game next week in Lawrence to make it available for pay per
view, but the move failed and it will be played as scheduled at 1 p.m. with
no TV.
Three Big 12 Conference games will be on TV on that date ? Oklahoma at
Texas
A&M (noon, ABC), Iowa State at Colorado (2:30, Big 12 network) and Nebraska
at Kansas State (6 p.m., FOX).
Can you believe TV nixed our game with Colorado to show A&M at Baylor and
is
now nixing out game at Kansas to show Iowa State at Colorado? There must be
more TV sets in Iowa and Colorado than I realized.
* * * *
INJURY UPDATE: Redshirt freshman DT Ryan Haywood underwent shoulder surgery
Wednesday and is out for the remainder of the season. Brown said Haywood
had
a high school shoulder injury that flared up again this year. He said the
surgery should eliminate the problem, and he said Haywood might be
available
for part or possibly all of spring practice. Brown also said true freshman
DT
Stevie Lee, who underwent surgery several weeks ago to repair a broken bone
in his foot, still can't run, and he said Lee might not be able to play
again
this year. If he doesn't play again, he will be eligible for a medical
redshirt year, which would leave him with four remaining years of
eligibility. Brown also said S Lee Jackson (quad) and WR Artie Ellis (shin)
will miss the Texas Tech game. He said LB O. J. McClintock, who underwent
arthroscopic knee surgery about a month ago, was able to work out Tuesday
and
Wednesday and probably will be able to play some at Lubbock. He said DT
Shaun
Rogers (ankle) and OG Antwan Kirk-Hughes (shoulder) probably will be able
to
play some at Tech, but he said neither is close to being 100%.
* * * *
RECRUITING NOTES: OL Jonathan Scott of Dallas Carter created quite a stir
earlier this week when he was quoted in the Dallas News as saying he
remains
committed to Texas, but might take a visit or two just to be sure of his
commitment. Brown generally sees a commitment as being binding on both
parties. He tells recruits when they are ready to commit that UT will
guarantee them scholarships, and they are supposed to guarantee they will
honor their commitments and refrain from visiting other schools. Scott has
talked off an on about visiting other schools, but he hasn't set up any
visits yet. I'll keep you posted if he does. . . Central Texas normally
doesn't have very many top recruits, but four of best in the state and in
the
nation his year are in Central Texas and three of them play in District
13-5A, which stretches from Waco in the north to Georgetown in the south.
They are DT Tommie Harris of Killeen Ellison, LB Derrick Johnson  of Waco
and
DB Dewayne Brandon of Temple. The other top prospect is QB-Athlete Quan
Cosby
of Mart, who led his team to a 15-0 record and a Class 2A state title last
year. Texas is recruiting all four of them and has the lead with Johnson,
Brandon and Cosby. Harris has favored Texas when he lists a preference, but
he has been more noncommital about his college choice recently. I think,
Texas has a great chance to get all four of them and that would really put
t
he icing on an already outstanding recruiting class. Student Sports
magazine
currently has UT ranked No. 2 behind Michigan in the national recruiting
rankings.
* * * *
My next e-mail/fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number ? 1-900-288-8839 ? daily with recruiting news. My E-Mail address
is: truorange@aol.com


Pavel,

A follow-up on our discussion concerning the wisdom of IMF recommendations
for Russia.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/18/2000
08:03 AM ---------------------------

VKaminski@aol.com on 04/15/2000 10:14:28 AM
To: vkamins@enron.com
cc:
Subject: Stiglitz

Sound the Alarm
Economist James Stiglitz rips Washington's "market Bolsheviks"

By James North

When the Asian economic crisis started to bite deeply, during the second half
of 1997, Joseph Stiglitz recalls that his children were studying the
Holocaust. Each day, he went off to his job as chief economist and No. 3 man
at the World Bank, where he and his colleagues had come up with a consensus
of how to contain the spreading crisis. Each day, he got increasingly
frustrated as the bank's proposals were overruled by its sister organization,
the International Monetary Fund, influenced strongly by what Stiglitz calls
the IMF's "largest shareholder," the U.S. Treasury Department.

Especially frightening to Stiglitz was the IMF's rescue plan for Indonesia,
East Asia's most populous country after China. The fund directed the
Indonesian government to cut social spending and raise interest rates,
policies designed to draw panicked overseas investors back into the country.
But Stiglitz argued that sudden cuts, particularly in food and kerosene
subsidies, could trigger social unrest in the fragile island nation, and that
the violence might take an ugly ethnic turn. The Chinese minority there had
already started to worry.

"My kids were writing school papers about people who remained silent during
the Holocaust in Europe," Stiglitz remembered recently. "So you ask yourself
the question: 'Do you remain silent and play the system, or do you speak
out?' Why have a job with responsibility if you don't speak out?"

The IMF imposed its plan, and just as Stiglitz and the World Bank had
predicted, ethnic conflict swept across Indonesia, leaving hundreds dead.

By then, however, the economist was speaking out on Indonesia and other
international economic matters -- an action that earned him the enmity of
Lawrence Summers, now Secretary of the Treasury, then in a lesser role at the
agency, and other officials at the Treasury and the IMF. Their hostility, he
asserts, led to his departure from the World Bank earlier this year.

Today, from the outside, Stiglitz is increasing his criticism of the U.S.
Treasury/IMF policy toward Asia, Latin America and Russia, which is still
fundamentally unchanged despite the great scare of 1997-98. Stiglitz himself
may not join the expected protests this week in Washington at the IMF/World
Bank annual meetings. But the intellectual rigor and creativity that has put
him on just about everyone's short list for the Nobel Prize in Economics will
provide powerful support for the critics.

The Malcontent

When Stiglitz left the World Bank, press accounts described him as "a
malcontent," "a great nuisance" and "a scourge of the Washington
establishment." In person, however, he seems pleasant and enthusiastic, not
sour or contentious. Even when asked about his No. 1 opponent, Lawrence
Summers, he was never hostile, maintaining a kind of bemused detachment about
the Treasury Secretary; he chuckled when he recollected how Summers "went
ballistic" after one of his critical speeches.

Joseph Stiglitz's disagreements with the so-called Washington Consensus are
intellectual and not personal. He recognizes that he leans to the liberal
side of the spectrum, but he also insists that his views are not based on
sentiment, but on what he calls "good economic science."

Stiglitz: "Do you remain silent and play the system, or do you speak out?"
Take, for instance, the World Bank's response as the Asian crisis unfolded.
After Thailand's devaluation in July 1997, the Bank started to get data
showing that the country's financial crisis was triggering a depression -- a
severe downturn that would soon spread to Indonesia, South Korea and Hong
Kong. To Stiglitz, who had earlier been chairman of President Clinton's
Council of Economic Advisers, the pattern looked familiar. "I was approaching
it much as I would if I were advising the President of the United States,
recommending stimulatory policies to counter the decline," he remembers.

Instead, the Treasury/IMF in tandem overruled the Bank and did the precise
opposite, directing the beleaguered Asian countries, as a condition for
getting the bailout emergency loans, to raise interest rates and to reduce
government spending, including the all-important food and fuel subsidies.

Today, Stiglitz still cannot hide his astonishment at these contractionary
policies. The Washington Consensus argued that the measures were necessary to
restore overseas investor confidence, stabilize falling exchange rates and
attract capital back into the afflicted countries. But he points out that
their economic models were far too narrow, and therefore doomed to fail.

For example, the Treasury/IMF strategy ignored the potential for
bankruptcies. The sky-high interest rates forced even sound companies in
Thailand and Indonesia to the wall, which wasn't the best way to re-inspire
foreign investors. At the same time, the sharp cuts in government spending
stimulated violence across Indonesia, which did not build confidence
overseas, either.

Stiglitz insists that "these political and social concerns are not outside
the economic model." He knew that over the years, unrest had been frequent in
the developing world following the imposition of austerity plans. Indeed,
austerity-inspired uprisings are routinely called "IMF riots." But when he
raised his doubts, within channels, he says, "It was like hitting your head
against the wall."

Stiglitz has other pungent criticisms of the Washington Consensus:

He questions the Treasury/IMF insistence that emerging nations end
restrictions on capital flows. He points out that vulnerability to hot money
can worsen crises, emphasizing that some countries, such as China, have
achieved significant rates of growth without making their currencies fully
convertible.

He continues to criticize Western policy toward Russia. He argues that the
crash privatization program, in a country with no working democratic, legal
or financial regulatory system, created a corrupt new oligarchy that blocks
economic growth. He is particularly biting about the IMF's 1998 Russian
bailout. "Was this a good investment?" he asks. "You put in $6 billion ...
that enables the oligarchs to take out $6 billion in capital flight the next
day. Clearly the country is worse off, and everybody knew it was going to
happen."

He has strong objections to the IMF's policy of "conditionality" -- of making
loans to countries contingent on far-reaching internal changes. "Of course,
any lender will need evidence the loan can be repaid," he recognizes. "But
the conditionalities the IMF imposes have gone well beyond anything required
for repayment."

Now that Stiglitz is outside the system, he's expanding his critique. He will
divide his time between the Brookings Institution in Washington, teaching at
Stanford and working on a book about his experiences on the inside.

Not surprisingly, he comes down hardest on the U.S. Treasury/IMF
policymakers. They embody what Stiglitz calls "the theory of escalating
commitment." By that he means, "The cost of continuing mistakes is borne by
others, while the cost of admitting mistakes is borne by yourself."

Finally, he asserts, Treasury/IMF bureaucrats are following the dictates of
an ideology, not testing economic models in a scientific way.

Stiglitz uses the term "market Bolsheviks" to describe the advisers who
helped bring Russia to its economic knees in the 1990s -- people who believed
fervently in a rigid fundamentalist doctrine and tried to force an entire
society to conform to it, just as their central planning predecessors had
done back in Lenin's day.

The economist savors one final irony. IMF policy makers never apply their
anti-state orthodoxy to their own organization. "Intellectual consistency,"
he says, "should lead them to ask themselves, 'If we believe that government
bureaucrats are always incompetent, then why are we an exception?

He points out that the spread of democracy, accountability, good governance
and transparency are applauded around the world, at least in theory, and
asks: "Is it right for an international organization to be the instrument of
political change? Those of us who are committed to democracy are very
uncomfortable with a bunch of international bureaucrats playing the role of
God. Sometimes, they may play the role in the right way, but they can also
overturn democratically elected governments."

In a sense, Joseph Stiglitz resembles another economist, who worked for the
British Treasury and attended the 1919 Versailles peace negotiations after
the First World War. John Maynard Keynes was so disturbed at what he saw
there that he resigned his post and wrote The Economic Consequences of the
Peace, an impassioned polemic that eerily predicted that the harsh and
punitive economic settlement the Allies had imposed on Germany would create
terrible unrest and "sow the decay of the whole civilized life of Europe."

"What was great about Keynes was the combination of someone who used analytic
powers but who didn't distance himself from the human cost," Stiglitz
observes. "During the Vietnam War, we tried to distance ourselves by talking
about body counts. In economics, we talk about unemployment rates, so we
don't see the people. The challenge is, how do you remain analytically
honest, but not lose the human dimension?"

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


Glad you got some rain.  We are still doing lots of watering on the yard.  No
water rationing in our area yet, but it has been put in place in many areas
in and around Houston.

I have to be in Austin for a presentation and reception late afternoon on
September 5, so I thought that it would be fun to try to come earlier and
have lunch for your birthday.  I haven't made flight reservations yet, but I
am sure that I can work it to be at the University Club by 12:15.

Looks as if the whole family will go to Hallettsville on the 9th.  David and
I will enjoy the drive, and I am sure that the girls will enjoy the sleep on
the way over!

SueW2@aol.com on 08/22/2000 04:05:45 PM
To: sally.beck@enron.com
cc:
Subject: Rain

Sally, I think will get out and do an Indian Rain dance, as the rain is
falling and we need lots ot that!  MY reason for writing however, is to say
that we will look forward to your having lunch with us at 12:15 on September
5th at the University of Texas Club.  Cindy said you would be in town and
that would be a fun celebration, and Cindy and family will join us.  I am
also going to invite my cousins, Fab and Mary Anne.  Cara will in New York at
that time.

The other is, I am thrilled that you and your family are going to be able to
go to Hallettsville for Dot's birthday and Cindy, Richard, and Brigeda will
be able to be there also as they were able to change their plans for the
beach to the following week-end, so I think it will be lots of  fun, and I
know it will mean a lot to Dot too.  In fact I called her today and told her
you all were going to be able to be there.  Cara will decide when she gets
home from CA I guess,  She will be home from New York on the 7th.

Love,

Mom


I did not know she had resigned.

BT

 -----Original Message-----
From: 	Grigsby, Mike
Sent:	Friday, September 28, 2001 1:13 PM
To:	Allen, Phillip K.; Bass, Eric; Bike, Anne; Ermis, Frank; Gay, Randall L.; Heu, Mog; Holst, Keith; Huang, Jason; Kuykendall, Tori; Lenhart, Matthew; Lisk, Daniel; Reitmeyer, Jay; Sanchez, Monique; Scott, Susan M.; Smith, Matt; South, Steven P.; Sullivan, Patti; Tholt, Jane M.; Tycholiz, Barry; Wolfe, Jason
Subject:	Monique Sanchez

As most of you know, Monique Sanchez has resigned and will be leaving Enron October 12.  Monique is moving to Salt Lake City with her fianc? and will be living in Deer Valley.  We congratulate Monique on her move and thank her for all of her contributions to the west desk.

We will plan a going away dinner for Monique before she leaves.

Mike


Original...original...original.

	From:  Todd Perry                           03/23/2001 02:36 PM

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

Subject: Re: FW: The number one song the day you were born is your theme song
for life and. . .

Bitch ... bitch ... bitch


Thanks very much Mike.  The sense of urgency for getting this in "the mix" is
not as high as it was yesterday, though we'll still need to introduce it at
some point very soon.  Thanks very much.

Best,
Jeff

	MDay <MDay@GMSSR.com>
	07/06/2001 01:12 PM

		 To: "'Bev Hansen, Enron lobbyist'" <bhansen@lhom.com>, "'Hedy Govenar, Enron
Sacto lobbyist'" <hgovenar@govadv.com>, "'Scott Govenar, Enron lobbyist'"
<sgovenar@govadv.com>
		 cc: "'Jeff Dasovich Enron SF'" <jdasovic@enron.com>
		 Subject: FW: Amendment to Sher Bond bill

FYI   Here is the language I gave Jeff to propose for an amendment to the
Sher Bond bill  which will make sure Direct Access customers don't pay for
DWR power costs through the bonds EXCEPT for power they actually used that
was purchased by DWR.  Houston has to ok this and then Jeff has to sell it.

I also strongly recommend that the next to the last sentence of Water Code
Section 80110 be repealed in the bill.  That would leave direct access in
place and force DWR to come to us to get a bill that would have reasonable
exit fee provisions.  Without a change like this, the bill would simply
reaffirm the ban on direct access and that could cause us to lose at the
Commission.  There is nothing else in the bill which explicitly tells the
PUC to not suspend direct access.

Mike Day

> -----Original Message-----
> From: MDay
> Sent: Thursday, July 05, 2001 12:40 PM
> To: 'Jeff Dasovich  Enron SF'
> Subject: Amendment to Sher Bond bill
>
>  <<X25946.DOC>>
>
> Here is the very short amendment for the Sher Bond Bill.  Mike Day

 - X25946.DOC


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
05:33 PM ---------------------------

Vince J Kaminski
12/19/2000 08:46 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: DPC Memo

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/19/2000
08:47 PM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
12/17/2000 06:42 AM
To: Vince J Kaminski@ECT
cc:
Subject: DPC Memo

Vince,

I am in Houston (rrived Satruday), and will be in office on Monday (though
officially, I am on vacation).  Would like to catch up with you if possible.

It looks like your team will be getting involved in some form on the DPC
side.  I have already made a recommendation to Wade.

I am attaching a small memo that I have addressed to Wade on the DPC position
and possible workout.  This is still a draft and will likely get shared later
with others.  I would love to get your comments on the same.  At the same
time, this also will give you some idea of the problem, in conjunction with
the other Plan presentation I had sent you.

Look forward to touching base with you.

Regards,
Sandeep.


550487
i have this deal for the 16th-31st.  but, one strip has the 15-31, and the
other has the 16-31.  i just want to make sure which is right, so we can
change it.

thanks

   Kate Symes @ ECT                03/14/2001 04:19 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: apb

mike
550478

jeff
550487

Kerri Thompson@ENRON
03/14/2001 02:07 PM
To: Kate Symes/PDX/ECT@ECT
cc: Stephanie Piwetz/HOU/ECT@ECT

Subject: apb

missing deal for jeff

buy dynegy
16-31
25 mw
215.00
np15
on peak

mike
buy sierra
16-31
25 mw
275.00
mid c
on peak


[IMAGE]
 Fantasy Football on Live Radio!  Be sure to tune into SportsLine Radio every Wednesday at 3 pm ET for The Fantasy Advantage, the most informative and entertaining Fantasy Football Show on the Net! Commissioner.COM Managing Editor Scott Engel and featured expert Michael Fabiano have all the latest news and analysis for you, along with insights from beat writers and pro football insiders! Enjoy a full hour of Fantasy Football talk every week!  NFL FANS - SAVE 10% on Team Caps!  Represent your team in a fitted, adjustable or logo cap. Enter coupon code CTP6W92Y at checkout to receive this exclusive offer. Ends 11/6/01.  Attention Fantasy Fans!  Subscribe to The Sporting News  now for a low $.99 per issue AND get a FREE Stainless Steel Thermo-Bottle! HURRY!    Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here      Player Updates NFL Reports   [IMAGE] Latest NFL Player News    Anthony Wright  , QB DAL - Free Agent Updated 10/25/01   Wright didn't practice Wednesday because of fluid on his right knee, and coach Dave Campo indicated Wright might not play Sunday.   Wright expected to have results of an MRI exam Thursday, and Campo said he wouldn't make a final decision on the quarterback's playing status for the Arizona game until after that. Campo said Clint Stoerner would start ahead of Ryan Leaf if Wright isn't ready to play Sunday. Campo said there was a good chance that Leaf could play for the Cowboys on Sunday. Leaf apparently hasn't been with the team long enough to merit a starting spot yet.        Terrell Davis  , RB DEN - Lake Austin Mighty Mullets Updated 10/24/01   Five weeks removed from arthroscopic knee surgery, the Denver Broncos running back was taken by surprise Wednesday when told of news reports saying he may have a stress fracture in his leg and could be lost for the season.   "At this point in time, I'm on schedule to play this Sunday," Davis said.   Davis admitted that his right knee remains sore, but he has been well enough to play on the scout team the past two weeks.   He remained on the scout team Wednesday. Davis was listed as questionable on the weekly injury report.      Amani Toomer  , WR NYG - Team T-Bone Updated 10/24/01   According to published reports, Toomer might be benched in favor of WR Joe Jurevicius. Ike Hilliard will join Jurevicius if Toomer is demoted. Toomer caught only three passes Monday night against the Eagles and did not have a reception for more than 10 yards. Head coach Jim Fassel demoted Toomer last season, in an effort to motivate him.     Wayne Chrebet  , WR NYJ - South Park Cows Updated 10/24/01   Chrebet will miss Sunday's game at Carolina with a head injury. Coach Herman Edwards described Chrebet's ailment as "post-trauma migraines" and said he wanted to be extra cautious with the injury.   Edwards said Chrebet passed the various tests and scans he was given. Chrebet will be replaced by Kevin Swayne, a 26-year-old rookie who played in both the Arena League and the XFL during the past year. He has now been playing football for 40 straight weeks and has one catch for 19 yards in the NFL.      Chris Sanders  , WR TEN - Free Agent Updated 10/24/01   Sanders will not require surgery on his back. He will be re-evaluated after receiving an injection. His return date is unclear.    Bert Emanuel  , WR NE - Free Agent Updated 10/24/01   Emanuel signed with the Detroit Lions on Wednesday. While the Lions are looking for a receiver to help fill the void created by a season-ending injury to Germane Crowell, Emanuel won't get the first crack at the job. Don't bother picking him up.    Hines Ward  , WR PIT - Blue Star Boys Updated 10/24/01   Ward is day to day with an ankle injury. He is listed as probable for Monday's game against Tennessee.    Germane Crowell  , WR DET - Team T-Bone Updated 10/24/01   The Detroit Lions placed Crowell on injured reserve on Tuesday with a torn patella tendon in his left knee, which ends his season.    Santana Moss  , WR NYJ - Free Agent Updated 10/24/01   The New York Daily News says there is still a noticeable hitch in Moss' stride as he rceovers from knee surgery. The earliest the Jets expect him to return is Dec. 2.    Brett Favre  , QB GB - Water Boys Updated 10/24/01   Favre skipped Tuesday's practice due to general soreness. With Green Bay on the bye this week, expect him to be fully recovered in time for Week Eight.    Marvin Minnis  , WR KC - Team T-Bone Updated 10/24/01   Early indications this week were Minnis would return to the starting lineup. But the Kansas City Star notes Chris Thomas is still working with the first team in practice. There is no official word on which player will start on Thursday against the Colts.    Larry Foster  , WR DET - Free Agent Updated 10/24/01   According to the Detroit Free Press , Foster is expected to start in Germane Crowell's place Sunday against Cincinnati. Foster is an inexperienced wideout not worthy of picking up in Fantasy leagues right now. Monitor his progress over the next few weeks.    Marcus Robinson  , WR CHI - Beer Gut Boys Updated 10/24/01   The Bears placed Robinson on injured reserve on Tuesday with torn ligaments in his left knee, effectively ending his season. Drop him unless you play in a keeper league.    Neil Rackers  , K CIN - South Park Cows Updated 10/24/01   According to the Cincinnati Enquirer , the Bengals worked out three kickers, and did not sign one. Rackers' job is temporarily safe, but he is a big Fantasy risk because of his erratic play.    Todd Pinkston  , WR PHI - The Replacements Updated 10/24/01   Pinkston has a strained wrist but is expected to play in Sunday's game. He will be evaluated on a day to day basis.     Ron Dixon  , WR NYG - Free Agent Updated 10/24/01   Dixon missed Monday game because of a sprained ankle. He has made progress in his recovery and might play this week.    Joe Jurevicius  , WR NYG - Aryan Brother Inc. Updated 10/24/01   Ike Hilliard regained his starting position Monday, returning Jurevicius to the role of a reserve. Jurevicius was productive as a starter in Hilliard's absence. However, he will be useless as the No. 3 receiver. There is a chance that he could return to starting lineup and replace Amani Toomer. Toomer has been inconsistent this season. Jurevicius played alongside Hilliard a few times in Sunday's game while Toomer stood on the sidelines.     Reggie Swinton  , WR DAL - Free Agent Updated 10/24/01   Swinton is suffering from a hamstring injury and is questionable for Sunday's game against Arizona. "He [Swinton] worked with the trainers on Monday and did some things, but he didn't do enough to say for sure he will be available," said head coach Dave Campo. Darrin Chiaverini and Raghib Ismail will get more playing time in his absence.     Joey Galloway  , WR DAL - Dallas Demon Horde Updated 10/24/01   Galloway is listed as questionable for this week's game against the Cardinals, but the Cowboys are optimistic about his chances of playing. He is recovering from a sprained foot. "We're expecting some limited practice tomorrow, so I would say he is questionable from the standpoint that it will depend on how he improves the next two or three days," said head coach Dave Campo.       Darrin Chiaverini  , WR DAL - Free Agent Updated 10/24/01   Chiaverini practiced Monday and is listed as probable for Sunday's game against the Cardinals. He is recovering from a left knee injury.     Raghib Ismail  , WR DAL - Free Agent Updated 10/24/01   Ismail, recovering from a sprained knee, practiced Monday without any problems. He is listed as probable for this week's game.     Ricky Watters  , RB SEA - The Replacements Updated 10/23/01   According to the Tacoma News Tribune , Seahawks Head Coach Mike Holmgren says that Watters will return to the starting lineup as soon as he's healthy, which could be another month or longer. "We'll cross that bridge when we come to it," Holmgren said. "I would be surprised if I didn't insert Ricky back into the lineup. He was our best player when he got hurt. Shaun (Alexander) has come in and played well. But I would suspect that when Ricky can play, he'll play again." If you have the roster room, it would be a good idea to stash both backs on your team to ensure you're safe if Watters takes the job back from Alexander down the stretch.    Trent Dilfer  , QB SEA - Free Agent Updated 10/23/01   Dilfer was unable to practice on Monday due to a groin injury. He has lost the starting QB job to Matt Hasselbeck, and shouldn't be on any Fantasy rosters at this point.    Matt Hasselbeck  , QB SEA - Lake Austin Mighty Mullets Updated 10/23/01   Hasselbeck will be the Seahawks' starting quarterback for Sunday's game against Miami, according to the Seattle Post-Intelligencer . He replaces Trent Dilfer, who stood in for Hasselbeck as he was sidelined with a pulled groin. This isn't a very favorable matchup for Hasselbeck from a Fantasy perspective, so don't use him this week.    Wayne Chrebet  , WR NYJ - South Park Cows Updated 10/23/01   The Jets have listed Chrebet as questionable for next Sunday's game at Carolina. He will have an MRI on Tuesday to determine the extent of the concussion he suffered Sunday against the Rams.    Dedric Ward  , WR MIA - Free Agent Updated 10/23/01   Ward missed Monday's practice due to a foot injury. He is expected to miss Sunday's game at Seattle, and isn't a useful Fantasy player at this point in the season.    Lamar Smith  , RB MIA - Beer Gut Boys Updated 10/23/01   Smith did not practice Monday due to an ankle injury. He is still expected to play Sunday in Seattle, so don't be afraid to use him this week.    Marvin Minnis  , WR KC - Team T-Bone Updated 10/23/01   Chiefs Head Coach Dick Vermail said Monday that Minnis might start ahead of Chris Thomas in Thursday's game against Indianapolis. We don't recommend you use either receiver despite the fact that the Colts' secondary is hardly imposing. Neither player is going to be a clear-cut starter this week.    Jerome Pathon  , WR IND - High Shrivel Factor Updated 10/23/01   Pathon might miss his third straight game Thursday at Kansas City due to a sprained right foot. Don't use him this week.    Terrence Wilkins  , WR IND - Beer Gut Boys Updated 10/23/01   Wilkins is questionable for Thursday's game at Kansas City due to broken ribs. We don't recommend you use him in a Fantasy league this week.    More Updates    Player News Teams   [IMAGE]   CYSWC Player News    Joe Nedney  , Active K Updated 10/23/01  Nedney suffered a neck injury in Sunday's game but is expected to play this week.    Chris Chandler  , Reserve QB Updated 10/22/01  Chandler had another solid game Sunday throwing touchdown passes of 57 and 39 yards. He also completed 14 of 20 passes for 187 yards. Look for him to be an adequate starter for the rest of the season.    Darnay Scott  , Active WR Updated 10/22/01  Scott suffered bruised ribs against the Bears. He is not expected to miss next week's game against Detroit.    J.R. Redmond  , Reserve RB Updated 10/22/01  Redmond made his return from an ankle injury on Sunday, and had one carry for no yards. He won't see enough playing time to help Fantasy leaguers.    Maurice Smith  , Active RB Updated 10/22/01  Smith suffered a sprained knee Sunday but is expected to play in the Falcons' next game. Atlanta has a bye this week and doesn't play again until November 4.    Derrick Alexander  , Active WR Updated 10/21/01  Alexander finally had a big game, posting 99 yards receiving and a touchdown against Arizona. He's been unreliable for the most part, however, but his potential to post numbers this good makes it tough to bench him.    Desmond Clark  , Reserve TE Updated 10/21/01  Clark had a big game on Sunday, catching six passes for 54 yards and a score against San Diego. He's been reliable as far as tight ends go from a Fantasy perspective, so continue to start him on a weekly basis.    Corey Dillon  , Active RB Updated 10/21/01  The Bears held Dillon to just 30 yards on 16 carries. Expect the veteran runner to bounce back from such a quiet performance very quickly.    Derrick Mason  , Active WR Updated 10/21/01  Mason (ankle) is expected to start on Sunday against Detroit. With the Lions' secondary in shambles, starting Mason is a good decision for Fantasy owners with a thin group of receivers.    Jeff Garcia  , Active QB Updated 10/18/01  According to published reports, Garcia has been instructed not to pick up a football until the Niners begin practicing again next week. Garcia is dealing with a sore throwing elbow, as well as a few other nagging bumps and bruises. However, he's still expected to start in the 49ers' next game on Oct. 28 against Chicago.    Antowain Smith  , Reserve RB Updated 10/18/01  Smith rushed for 94 yards and two TDs the first time he faced the Colts this year. Expect him to get in the end zone at least once this week, in his second meeting with Indianapolis.    Chad Lewis  , Active TE Updated 10/18/01  Lewis will have a good shot at producing some solid Fantasy numbers on Monday against the N.Y. Giants. He's one of the league's top tight ends and should be in your starting lineup on a weekly basis.    Antonio Freeman  , Reserve WR Updated 10/14/01  Freeman caught nine passes for 138 yards and TD against Baltimore. His fine numbers against the AFC's top defense are a clear signal that Freeman is still a quality Fantasy wideout, despite his quiet start prior to this week.    Raiders  , Active DT Updated 10/02/01  The Raiders have lost DE Trace Armstrong for the rest of the season after he tore his Achilles' tendon in Sunday's game against Seattle. He'll have surgery this week and be placed on the injured reserve list shortly thereafter. In other news, DT Roderick Coleman is doubtful for Sunday's game against the Dallas Cowboys after sustaining a hamstring injury, and DT Grady Jackson is questionable for Sunday after aggravating an injury to his right shoulder.    Bills  , Reserve DT Updated 09/30/01  Defensive end Phil Hansen left Sunday's game against Pittsburgh in the third quarter with an apparent wrist injury. He walked off the field and into the locker room to be examined, and his return is questionable.    Ricky Proehl  , Reserve WR Updated 08/19/01  Proehl has been dealing with a slight hamstring injury in recent days, according to the St. Louis Post-Dispatch . The injury isn't considered serious, however, and Proehl is expected to be ready for the start of the regular season.    Adam Vinatieri  , Reserve K Updated 12/13/00  Vinatieri has been one of the league's most accurate placekickers in recent weeks, converting on 18 of his last 19 field goal attempts. He should get his chances against the Bills this week, especially if Buffalo's defense struggles like it did on Monday night. Unless you have one of the league's elite kickers on your roster, giving Vinatieri the start is a good idea.   [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


please see attached.
?
Rick Vicens
Delta Power Company, LLC
89  Headquarters Plaza
North Tower, 14th Floor
Morristown, NJ?  07960
(973) 993-1854 phone
(973) 326-1821 fax
rvicens@deltapower.com
www.deltapower.com
 - Letter of Intent (Delta Redline -1).DOC


All:  I will be on vacation until October 16, 2000.  Because I am handling a
large number of brokerage agreements and electronic trading platforms (for
ENA and ECT Investments, Inc.), I have asked Jason Peters with Andrews and
Kurth (713-220-4124) to assist me.  Some of the agreements are for John
Greene who is currently in London and those agreements may reference English
law and the Financial Services Acts.  I have given Jason your names IN CASE
he has any questions.  Thanks for your help.  Sara


Hi E,
?
Have a great weekend and drive carefully.?  Tell Shanna hi and we'll see you
Tuesday.? By the way, I just got back from  voting early.? It's raining and a
lot of Repubs. were there standing in  line.? Everybody is tired of
Clinton/Gore dirty tricks.?  LU-M


User ID:  enrondlr
PW:        bnaweb22

 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON
Sent:	Sunday, November 25, 2001 11:14 PM
To:	BNA Highlights
Subject:	Nov. 26 -- BNA, Inc. Daily Labor Report

______________________________

DAILY LABOR REPORT
Highlights & Table of Contents
November 26, 2001
______________________________

ISSN 1522-5968

__________

HIGHLIGHTS
__________

SCALIA CONTROVERSY COULD DELAY NLRB NOMINATIONS

Resistance in the Senate to moving on the controversial
nomination of Eugene Scalia as labor solicitor could delay
approval of nominees to the National Labor Relations Board,
GOP sources tell BNA. Senate Republicans are pushing for a
floor vote on President Bush's pick for the Labor
Department's top legal post, but several Democrats are
protesting the nomination.

Before lawmakers adjourned for the week-long Thanksgiving
recess, Senate Republicans thwarted an attempt from the
Democrats to unanimously approve the nomination of Dennis P.
Walsh (D) to the NLRB, according to a GOP aide. While
Republicans have no substantive objection to Walsh as an
NLRB member, they are insisting on a floor vote for Scalia
before other labor-related nominations are considered,
sources say.

Threats to hold up NLRB nominations are "not going to
advance the debate" on Scalia, according to a spokesman for
Sen. Kennedy (D-Mass.), chairman of the committee with
jurisdiction over labor-related nominees. An aide to Senate
Majority Leader Daschle (D-S.D.) tells BNA that several
Democrats who are not on the Labor Committee have expressed
concerns about Scalia and want to research his positions
before allowing his nomination to come to the floor. . . .
Page AA-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y7g8x1_

GEORGIA COURT OVERTURNS $45 MILLION AWARD IN BREACH OF
CONTRACT SUIT

Overturning a $45 million judgment for a sales
representative who was fired without being paid commissions,
base pay, severance pay, and company stock, the Georgia
Court of Appeals orders a new trial on damages for breach of
an employment contract but not various tort claims
("ServiceMaster Co. v. Martin, "Ga. Ct. App., No. A01A1093,
11/15/01). As a sanction for ServiceMaster's discovery
abuse, the trial court entered a default judgment for Ray
Martin on liability for breach of contract and tort claims.
A jury awarded Martin over $1 million in compensatory
damages, prejudgment interest, and attorneys' fees and $135
million in punitive damages. The trial court, however,
reduced the compensatory damages amount to $461,000 and the
punitive damages to $45 million.

The appeals court rules that the default resulted in
ServiceMaster admitting to all the well-pleaded allegations
in the complaint but did not bar the company from showing
that Martin could not recover on certain theories even if
the factual allegations were admitted. The appeals court
decides that the admitted facts establish the company's
liability for breach of contract but not for tortious
interference with property, breach of duty, or fraud.
Punitive damages are not available for breach of contract. .
. . Page A-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r8g2_

PROSPECTS DIM FOR CHANGES TO FLSA COMPANIONSHIP EXEMPTION

Numerous concerns have been raised about a Clinton
administration proposal to broaden Fair Labor Standards Act
coverage of domestic service employees who provide certain
"companionship services," dimming chances for final action
on the plan. Among concerns are those raised by the Bush
Small Business Administration, which asserts that the Labor
Department did not meet its obligations under the Regulatory
Flexibility Act when it analyzed the impact the proposal
would have on small businesses. There is not "enough
information to provide an adequate basis to support a
finding" that the proposal would not have a significant
economic impact on a substantial number of small entities,
the agency says

Employers in the home health care industry are stridently
resisting the change. In comments to the Labor Department,
they insist that the current regulations interpreting the
companionship services exemption are legally valid and
reflect the intent of Congress when it amended the FLSA to
provide for the exemption. However, the Service Employees
International Union, whose members include workers who
provide in-home personal care, contends that the  current
definition of companionship services is "clearly
inconsistent" with the FLSA because it defines such services
to "include an unlimited amount of ordinary domestic
services." . . . Page C-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y4d0b7_

DOL OFFICIALS GRANTED IMMUNITY IN LONGSHORE CASE

A disgruntled marine machinist whose former employer was
challenging his entitlement to benefits under the Longshore
and Harbor Workers Compensation Act cannot sue the Labor
Department's Office of Administrative Law Judges or members
of its Benefits Review Board for rulings they made in the
course of considering the challenge, the U.S. District Court
for the Northern District of California rules ("Olsen v.
Herman, "N.D. Cal., No. 00-3165 MMC, 10/31/01). "ALJs and
judges serving on the BRB are entitled to absolute immunity
for performing judicial acts," the court says. The court
also bars charges against a district director with the Labor
Department's Office of Workers' Compensation Programs who
was involved in the proceedings.

The charges were brought by Tom Olsen, who was injured while
working as a machinist aboard a vessel and awarded
compensation for permanent and total disability under the
longshore law. Olsen's former employer, Triple A Machine
Shop Inc. subsequently initiated review proceedings under
the law, claiming that Olsen's physical condition and
employment status had changed since he was awarded benefits.
The review was referred to a Labor Department administrative
law judge, a move that Olsen resisted and prompted the suit
against the DOL officials. . . . Page A-9

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r2n1_

SEVENTH CIRCUIT NIXES OFFICER'S FREE SPEECH CLAIMS, $175,000
AWARD

A jury should not have awarded a city police officer
$175,000 on her claim that she was fired in violation of her
right to free speech, the Seventh Circuit rules, reversing a
district court's grant of judgment for Draphy Durgins in her
suit against the city of East St. Louis, Ill. ("Durgins v.
East St. Louis, " 7th Cir.,  Nos. 00-3271, 00-3486,
11/16/01). Durgins had pressed for the discipline of two
fellow officers in a horseplay incident and subsequently was
fired for resume fraud.

Finding that Durgins failed to raise a First Amendment
Claim, Judge Easterbrook notes that communications about
personnel matters are not covered by the First Amendment.
Even if they were covered, he says, "resume fraud is not
protected speech."

The court also finds that Durgins's claims should have been
dismissed at the outset because she split her theories
between state and federal courts instead of seeking a
consolidated proceeding. . . . Page A-5

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y6e0v0_

________________

ALSO IN THE NEWS
________________

SEXUAL ORIENTATION: The Maryland Antidiscrimination Act,
adding protection based on sexual orientation to the state's
employment discrimination laws, is in effect after
representatives of the TakeBackMaryland coalition say they
did not have enough valid signatures to force a referendum
vote. . . . Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r2b1_

SERVICES: About 98 percent of employment growth between 1998
and 2008 will be in the service sector, according to a
report by the AFL-CIO's Department for Professional
Employees. The report, "The Service Sector: A Statistical
Portrait, 2000 Edition", says that by 2008, 119.6 million
Americans will be employed in the service sector. . . . Page
A-7

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8t0t1_

WAGE & HOUR: Three New York City green-grocers agree to pay
a total of $315,000 to settle a lawsuit alleging that they
failed to pay minimum wage and overtime to workers in small
neighborhood stores. . . . Page A-8

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8u6f3_

POSTAL WORKERS: The U.S. Postal Service and the National
Association of Letter Carriers agree to extend their current
contract beyond a Nov. 20 expiration until sometime next
year. Relevant terms of the current contract will remain in
full force for some 241,000 city delivery letter carriers in
the United States and its territories until a new contract
is reached, the union announces. . . . Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8p7t1_

_________________

TABLE OF CONTENTS
_________________

LEADING THE NEWS

LABOR DEPARTMENT
   Resistance in Senate to acting on nomination of labor
   solicitor nominee Eugene Scalia could affect speed with
   which NLRB nominations are approved . . . Page AA-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y7g8x1_

____

NEWS
____

EMPLOYMENT CONTRACTS
   Overturning $45 million judgment for sales representative
   fired without being paid commissions, base pay, severance
   pay, and company stock, Georgia Court of Appeals orders
   new trial on damages for breach of employment contract .
   . . Page A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r8g2_

ERISA
   Former chief executive officer's conviction and sentence
   for pension plan embezzlement, money laundering, and
   creating false plan documents is affirmed by Second
   Circuit . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y7a0b4_

FOOD PROCESSING
   Austin, Minn.-based Hormel distributes $12.2 million in
   profit-sharing to employees companywide . . . Page A-10
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r3b4_

FREE SPEECH
   Jury should not have awarded city police officer $175,000
   on her claim that she was fired in violation of her right
   to free speech, Seventh Circuit rules . . . Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y6e0v0_

HOTEL EMPLOYEES
   With little more than a week remaining before expiration
   of citywide hotel contract, president of local hotel
   workers union is arrested in Thanksgiving Eve dispute
   over distribution of free turkeys . . . Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r8e7_

LABOR DEPARTMENT
   Disgruntled marine machinist whose former employer was
   challenging his entitlement to benefits under Longshore
   and Harbor Workers Compensation Act cannot sue Labor
   Department's Office of Administrative Law Judges or
   members of its Benefits Review Board for rulings they
   made in course of considering challenge, federal district
   court rules . . . Page A-9
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r2n1_

PENSIONS
   Average tax code Section 401(k) plan account balance for
   nearly 12 million participants in Employee Benefit
   Research Institute/Investment Company Institute 401(k)
   database is $49,024 at end of 2000 . . . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8e5b6_

POSTAL WORKERS
   U.S. Postal Service and Letter Carriers agree to extend
   current contract until sometime next year . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8p7t1_

SAFETY & HEALTH
   OSHA's draft compliance directive for new safety standard
   on steel erection includes overview of standard,
   questions and answers about enforcement, definitions of
   steel erection terms, and photos of industrial equipment
   . . . Page A-9
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8u1u1_

SERVICES
   Approximately 98 percent of employment growth between
   1998 and 2008 will be in service sector, according to
   AFL-CIO's Department for Professional Employees . . .
   Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8t0t1_

SEXUAL ORIENTATION
   California state judge orders new trial and reverses
   $945,000 jury award to former San Jose police officer who
   alleged she was discriminated against on basis of sexual
   orientation . . . Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y7u1x5_

STATE LAWS
   Maryland law adding protection based on sexual
   orientation to state's employment discrimination laws
   takes effect after opponents concede they do not have
   enough valid signatures to force referendum vote . . .
   Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r2b1_

TAXES
   Rep. Houghton (R-N.Y.), chairman of House Ways and Means
   Oversight Subcommittee, repeats opposition to Treasury
   Department proposal to collect Social Security and
   unemployment taxes on exercise of statutory stock options
   . . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8j1n1_

UNEMPLOYMENT INSURANCE
   Two elderly individuals who received personal health care
   services in their homes are employers of home care
   workers providing those services and are liable for
   unemployment insurance contributions on behalf of
   workers, Missouri Court of Appeals determines . . . Page
   A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8g0q5_

WAGE & HOUR
   Three New York City green-grocers agree to pay $315,000
   to settle lawsuit alleging they failed to pay minimum
   wage and overtime to workers in small neighborhood stores
   . . . Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8u6f3_

__________________________

ANALYSIS & PERSPECTIVE
__________________________

FLSA
   Numerous concerns are raised about proposal to broaden
   Fair Labor Standards Act coverage of domestic service
   employees who provide certain "companionship services" .
   . . Page C-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y4d0b7_

_______

JOURNAL
_______

MEETINGS
   Calendar of meetings, courses, and seminars . . . Page
   Z-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4w9y3v9_

______________

TABLE OF CASES
______________

Durgins v. East St. Louis (7th Cir.) . . . Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y6e0v0_

Goodman v. San Jose (Cal. Super. Ct.) . . . Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y7u1x5_

Klausner v. Brockman (Mo. Ct. App.) . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8g0q5_

New York v. Far East Produce (N.Y. Sup. Ct.) . . . Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8u6f3_

Olsen v. Herman (N.D. Cal.) . . . Page A-9
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r2n1_

ServiceMaster Co. v. Martin (Ga. Ct. App.) . . . Page A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y8r8g2_

United States v. McCarthy (2d Cir.) . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a4y7a0b4_

   ___________________________________________________________
   Daily Labor Report (ISSN 1522-5968) Highlights are
   published daily by The Bureau of National Affairs, Inc.,
   1231 25th St., NW, Washington, DC 20037.

   Registered Web subscribers can access the full text of
   these articles by using the URL link supplied.

   To register for a FREE Web trial, go to
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   To request retransmission or to order a copy of the
   summarized article, contact 1-800-452-7773 or e-mail
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   For copyright guidelines, go to
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   Copyright (c) 2001 by The Bureau of National Affairs,
   Inc.  Washington, D.C.  20037.  Use of this service is
   subject to the terms and conditions of the license
   agreement with BNA.  Unauthorized access or distribution
   is prohibited.


I definitely want to renew, but as you know I never get home before the
leasing office closes.  I've got paintball Saturday morning but I know that
won't take all day so maybe I can go by in the afternoon to sign any
necessary papers.  My guess is you'll need to sign some papers as well.

To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Apt. Lease

Sue,

We had a message from the apt. office about renewing our lease. If we renew
we can get our carpet cleaned for free, I THINK?  Let me know if you need me
to do anything.  They have been sending you the renewal notices and leaving
you the messages, so I am not sure if you need to instigate it.

let me know

lisa


Management Committee Meeting
Date:		Monday, October 1
Time:		11:00 a.m. (Central)
Location:	50th Floor Boardroom
Video:		Connections will be established with remote locations upon request.
Conf. Call:	Please contact me for dial-in number and passcode.

Please indicate if you plan to attend this meeting and through what medium.

_____	I will attend in person
_____	Via video conference
_____	Via conference call
_____	I will not attend

Please return your response via e-mail by Friday, September 28.

Thanks,
Joannie
3-1769


Darren,
 I left this in my email inbox for some reason.  It is my recollection that
we talked about this and I asked you to have them make the changes they were
requesting to make to their form and send us a final executed document.  Is
that correct?

	Darren Vanek/ENRON@enronXgate
	03/06/2001 12:37 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject:  Exelon Marked-up Version Enron Guaranty

Dan,
We spoke about this grty last week. Please let me know if you are comfortable
and make the changes that you see fit. I will send it to the counterparty
when you are done.

-Darren

 -----Original Message-----
From:  Lynda.Jean@UCM.COM@ENRON
[mailto:IMCEANOTES-Lynda+2EJean+40UCM+2ECOM+40ENRON@ENRON.com]
Sent: Tuesday, March 06, 2001 11:20 AM
To: Vanek, Darren
Subject: FW: Marked-up Version Enron Guaranty

Darren, here is  a copy of the attached "marked-up" version of the Enron
Guaranty Darren Vanek review our recommended changes.

> Our recommendation is to replace references to "Buyer" and "Seller" with
> explicit references to "Enron" and "Exelon Energy", respectively.
>
Thank You

Lynda Jean
708-236-8042

>  <<Guaranty for Enron Marked-Up Version 02-16-01.doc>>
>
>
>

******************************************************************************
***
This E-mail and any of its attachments may contain Exelon Corp. proprietary
information, which is privileged, confidential, or subject to copyright
belonging to the  Exelon Corp. family of Companies.  This E-mail is intended
solely for the use of the individual or entity to which it is addressed.  If
you are not the intended recipient of this E-mail, you are hereby notified
that any dissemination, distribution, copying, or action taken in relation
to the contents of and attachments to this E-mail is strictly prohibited
and may be unlawful.  If you have received this E-mail in error, please
notify the sender immediately and permanently delete the original and
any copy of this E-mail and any printout.  Thank You.
******************************************************************************
***

 - Guaranty for Enron Marked-Up Version 02-16-01.doc


Here is the CAISO's documentation showing that EPMI is entitled to $33.8 million in underscheduling penalty revenues for the period of Jan-Apr '01.

-----Original Message-----
From: Blair, Kit
Sent: Tuesday, August 21, 2001 12:56 PM
To: Hall, Steve C.
Subject: FW: CAISO Notice - Underscheduling Penalty and PG&E Bankruptcy
ClaimsBar Date

Here you go.

-----Original Message-----
From: Stokley, Chris
Sent: Monday, August 20, 2001 3:20 PM
To: Blair, Kit
Subject: FW: CAISO Notice - Underscheduling Penalty and PG&E Bankruptcy
ClaimsBar Date

Let me know if anyone has any questions on this information.

-----Original Message-----
From: 	Almeida, Keoni [mailto:KAlmeida@caiso.com]
Sent:	Friday, August 17, 2001 12:48 PM
To:	Stokley, Chris; Emmert, Caroline
Subject:	FW: CAISO Notice - Underscheduling Penalty and PG&E Bankruptcy ClaimsBar Date

  This is what will be sent out in the mail.  It is not as detailed as what I sent Chris previously.  This shows a payment to Enron.
Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>


what is going on in denver?  are you and max finishing the details on your
wedding plans?  i need to get everyone's email who is going to attend the
bachelor party if you have them.  let me know if you have them and how
everything is going.


Why certainly...... I will have to deduct my 75% administrative processing
fee from the monies received....

Thank you for being so prompt in attending to these matters.  Until we meet
again,,,

-----Original Message-----
From: Quenet, Joe [mailto:Joe.Quenet@enron.com]
Sent: Monday, October 29, 2001 11:21 AM
To: Quenet, Rebecca
Subject: DAYCARE

I CONTACTED BETA FINANCE, I OWE THEM ABOUT 250 OUT OF 600 BALANCE. I
ALSO CONTACTED THE COMPANY THAT CONTROLS OUR DAYCARE CLAIM FORMS. THEY
SAID IF WE COULD GET A STATEMENT FROM CREME SHOWING ALL THE PAYMENTS
MADE IN 2001, I CAN COLLECT ALL THE MONEY IN THE ACCOUNT.      SO
THEREFORE, CAN YOU ASK THE PEOPLE AT CREME IF THEY CAN PROVIDE US WITH
THIS INFO ?

LATER.

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


BLOOMBERG
Matt Motley
559091 - sells to Idaho, 50 mw, April, Mid-C, $358

Tom Alonso
559010 - price is changed to $160
He is still entering last two deals.

AMEREX
Mike Swerzbin
559062 - buys AEP, 25 mw, Cal-02, PV, $140
And Tom said he didn't have anything to do with this deal - Mike said MW were
correct.

Thanks,
kate

Evelyn Metoyer@ENRON
03/23/2001 11:22 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3-23 Checkout

BLOOMBERG

Tom Alonso
I am missing the following deals:

1) Enron sells to Tractebal 25mw Palo Verde for 3/26 peak hrs at $260.00
2) Enron sells to Pacificorp 25 mw Palo Verde for 3/26 peak hrs at $260.00

Mike Swerzbin
I am missing the following deal:

1) Enron sells to Idaho Power 50 mw April Mid-C peak hrs at $358.00

Jeff Richter
deal 559010
Bloomberg shows $160 as price......enpower has $165.00

PREBON
All were o.k.

AMEREX

Tom Alonso/Matt Motley (someone who traded on the LT PV Desk today)
I am missing the following deal:
Enron buys Cal'02 Palo Verde at $140.00  (Check the mw on this deal please
with Tom!!!)


I'm generally around, but tomorrow night I have a black tie shindig beg. at 7
or so.  Who's birthday parties?

	Alma Martinez@ENRON
	01/26/2001 01:20 PM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc:
		 Subject: Re:

I'm studying and coordinating birthday parties this weekend.  I'll give you a
buzz.
---------------------- Forwarded by Alma Martinez/OTS/Enron on 01/26/2001
01:25 PM ---------------------------
From: Jeffrey A Shankman@ECT on 01/26/2001 01:21 PM
To: Alma Martinez/OTS/Enron@ENRON
cc:

Subject: Re:

I'm out of here by 3 today--if I don't hear from you, have a great weekend.
(But we should have dinner sometime)


did I not responde to something I was supposed to?

Katie Trullinger
Wilshire Credit Corporation (REO Dpt.)
800-776-0100 x7804
katie.trullinger@wfsg.com


Becky - Would you please review the following report, and let me know if there have been recent developments in any of your current projects.  I am putting together Jim's report for November, so please let me know if there are any new projects that should be included as well.  Thanks so much, Bryan


and who is the Host, please? you? Paul? Please advise the dude! Thx


Today is a big day for ENRON!  This morning, we are rolling out the next step
toward empowering our most valuable resource -- you.  As of this morning,
most of you have access to the new eHRonline intranet site.

The new eHRonline functionality (a feature of the SAP implementation) is very
easy to use and is accessible through the Enron intranet (at
http://ehronline.enron.com).  Using eHRonline, not only can you enter your
own time, but also maintain your profile, and update personal data, including
home address, phone numbers, W-4 changes and emergency contact information.
Additionally, you will be able to view your individual pay advice and benefit
elections.

Remember the deadline for time entry is 3:00 pm CST, on June 30th -- all time
must be submitted and ready for payroll processing.  Because this is the
first period using SAP to record time, please work closely with your
timekeeper to ensure the deadline is met. By now, you should have received a
note from your timekeeper.  However, if you have not and are unsure who your
timekeeper is, please call the Site Manager for your Business Unit.  Their
names and numbers are listed below.

Because of the size of this rollout, we have to expect a few "bumps in the
road."  So, we,re asking you to be patient and work with us over the next few
weeks.  If you have questions, are experiencing problems, or would like more
information, please contact the Center of Expertise (COE).

Center of Expertise (COE)
The Center of Expertise can help answer many of your questions and provide
you with assistance if you are experiencing problems.  The COE is available
24 hours a day from Monday at 7:00 am CST through Friday at 7:00 pm CST.  You
can contact the COE:
Via phone at (713) 345-4SAP (4727)
COE website:  sap.enron.com (contains job aids, instructional materials,
forms and policies)
Via Lotus Notes at SAP COE/Corp/Enron
Via internet email at sap.coe@enron.com

BU Site Managers
Enron North America
 Cindy Morrow, (713) 853-5128
 Yvonne Laing, (713) 853-9326
Global Products
 Shelly Stubbs, (713) 853-5081
 Yvonne Laing, (713) 853-9326
Global Finance
 Jill Erwin, (713) 853-7099
 Yvonne Laing, (713) 853-9326
Gas Pipeline Group
 Michael Sullivan, (713) 853-3531
 Greg Lewis, (713) 853-5967
 Diane Eckels, (713) 853-7568
Global E&P
 Diane Eckels, (713) 853-7568
Enron Energy Services
 Bobby Mahendra, (713) 345-8467
 Daler Wade, (713) 853-5585
Corporate
 Todd Peikert, (713) 853-5243
Enron Renewable Energy Corp
 Joe Franz, (713) 345-5936
 Daler Wade, (713) 853-5585
Enron Investment Partners
 Yvonne Laing, (713) 853-9326

Job Aids and Reference Guides
Finally, the Apollo & Beyond training team has developed several useful
reference guides that you can access via the SAP website at sap.enron.com

Also, a brochure will be delivered to your mailstop today.  This brochure
provides step by step instructions on how you can use eHRonline to view and
update your personal information.


---------------------- Forwarded by Eric Bass/HOU/ECT on 03/13/2001 01:12 PM ---------------------------

	  From:  Larry Joe Hunter                           03/13/2001 12:49 PM

To:	Eric Bass/HOU/ECT@ECT
cc:	Julie Brewer/NA/Enron@Enron, Janie Aguayo/HOU/ECT@ECT
Subject:	rebooks 3/12

Please rebook QW4526 to CORALENEHOL

Thanks,
Joe


Start Date: 4/18/01; HourAhead hour: 6;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041806.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM

---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  TRADING_SC: NCPA
  PNT_OF_INTRC: ZP26
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Dear Jeff and Sherri
Your Master Airway Bill No ( MAWB) with KLM is :  074-8745? 9945
FLIGHT??? KL 594 8/12  CPT-AMS
FLIGHT??? KL 661 10/12  AMS-HOUSTON
ETA??? ??? 10/12  14H20
Contact KLM or their agent at Houston airport and  quote the above details.
You may hire an agent to do delivery and or  clearance for you. You will need
to pay tax and duty, as the airport official  decides.
Regards
Hilary
?


Can you please also get Angela Davis, another new attorney in our Group, edit
access to the Financial Trading Agreement database.  Thanks!


Subject:

Attached, please find the December 1 filing with the FERC on the Over
Generation
Issue.

Please review and send comments to Mollie Lampi (mlampi@nyiso.com) by 10:00 AM
Friday morning (12/1).

Thank you,

Market Relations
518-356-6060

(See attached file: Overgen-issue3rd.doc)

 - Overgen-issue3rd.doc


FYI.
----- Forwarded by Dan J Hyvl/HOU/ECT on 10/11/2000 05:10 PM -----

	Richard B Sanders
	Sent by: Twanda Sweet
	10/11/2000 05:04 PM

		 To: Dan J Hyvl/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT
		 cc:
		 Subject: Draft Letter to TJ Sattler

Attached is the draft letter to TJ Sattler regarding Waha/Henry Hub Spread
Trade.  Please review and provide me with any comments.

Thanks.


Tana,

could you please get and NDA going for Cargill.  Information as follows:

Cargill Inc.

15407 McGinty Rd West
Wausata, Mn 55391-2399

This needs to be a two way:

Regarding sharing of information for a possible software sale.

Should you have any questions please don't hesitate to give me a call at
30559.

Thank you.


Notice on the tags when we go hourly could be 30 minutes or less.   Additionally, if we use them as sink when we go hourly, they will have to be part of the day-ahead tag.   If these issues are not crystal clear with them, I have no interest in even showing an offer.

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Wednesday, October 10, 2001 11:21 AM
To:	Presto, Kevin M.
Subject:	RE: TEA - into MEAG

TEA is ok with allowing hourly scheduling from either internal units or to the border, as long as Enron is handling all scheduling and tags and gives sufficient notice for schedule changes.  I assured him that we would handle those functions.  So, we need to offer for:
	1)  June-Sep'02, 20MW, 5x16
	2) Cal'02, 20MW, 5x16

Billy
 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Tuesday, October 09, 2001 5:40 PM
To:	Braddock, Billy
Subject:	RE: TEA - into MEAG

We need the hourly option to allow for non-GTC sources, but we will deliver into-GTC border hourly.

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Tuesday, October 09, 2001 12:55 PM
To:	Presto, Kevin M.
Subject:	RE: TEA - into MEAG

TEA will let us go hourly 5 times per month and change the source if we go hourly, as long as the source remains a unit on the Ga-ITS.  However, he doesn't want a full 50MW block in the June-Sept period, just 40MW.  The 40MW is actually already at the high end of his range (needs 30-40MW for June-Sep).

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Monday, October 08, 2001 3:04 PM
To:	Braddock, Billy
Subject:	RE: TEA - into MEAG

Will he let us go hourly at least 5 times per month and change the source if we go hourly.   This essentially would require they provide parking and lending for up 20 MW in the Cal and 40 MW in the June-Sept.   Can we at least get a 50 MW block in the June-Sept period?

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Monday, October 08, 2001 2:44 PM
To:	Presto, Kevin M.
Subject:	RE: TEA - into MEAG

An offer from any Scherer unit(s) would work.  He understands the odd lot will demand a premium, but I can't talk him into a round 50MW.  So, 2 pieces of energy:
	1)  June-Sep'02, 20MW, 5x16
	2) Cal'02, 20MW, 5x16

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Monday, October 08, 2001 11:33 AM
To:	Braddock, Billy
Subject:	RE: TEA - into MEAG

Ask him if Scherer 1,2,3 and/or 4 would work?   Let him know that an odd lot would command a $2.50-3.00/Mwh premium on top   In addition, even if we used Scherer, it would be from any one of the facilities therefore the transmission would need to be able to use any of the Scherer units as a source.

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Monday, October 08, 2001 10:21 AM
To:	Presto, Kevin M.
Subject:	TEA - into MEAG

TEA is looking to buy 20MW, 5x16, June-Sep'02, into MEAG.  Also looking to buy 20MW, 5x16, Cal'02, into MEAG.  I told them we may be more willing to offer into GTC.  His response was he would need to know which facility or interface would be the source (I suspect this is so he can reserve ahead to use his network transmission).

Any interest?

Billy Braddock
Manager - Enron Power Marketing Inc.
713-345-7877 (work)
713-646-4940 (fax)
713-503-2166 (cell)


Start Date: 3/4/01; HourAhead hour: 3;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030403.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL


CALENDAR ENTRY:	APPOINTMENT

Description:
	TW - LFT (Ramona) 4194

Date:		7/21/2000
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


I stand corrected - we need to DASH everything over $500K.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/03/2000
08:25 AM ---------------------------

David Gorte
11/02/2000 07:28 PM
To: David W Delainey/HOU/ECT@ECT
cc: Joseph Deffner/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Rick
Buy/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
Subject: Re: Commodity / Embedded Finance Deals

Dave,

As of today, the Transaction Approval Process requires that any embedded
financing over $500,000 needs to be DASHed.  RAC, however, is close to
finishing a new process for commodity embedded financings--both prepaids and
tilted swaps--that would not require a full DASH but an abbreviated approval
document based upon specified credit ratings, financing amounts, and
maturities for transactions having standard credit documentation.  For
example, a $25 million, five-year exposure to a AAA counterparty with
standard documentation is contemplated to be approved via this abbreviated
approval document.  This abbreviated approval document would only be
available for transactions meeting these criteria if:  (i) structured
financing capacity were available, (ii) the funds flow issue created is
manageable (both (i) and (ii) as confirmed by EGF), and (iii) the pricing met
a threshold that included the structured financing cost, an appropriate
credit spread/reserve, and a syndication risk premium.

The abbreviated approval document is intended to expedite the approval of
relatively straightforward embedded financings where a full DASH is
impractical or inefficient.  It is presently contemplated that the
abbreviated approval document could be approved with two signatures:  the
Originator's and  a RAC signature (either Bill Bradford's or mine), with
business unit management and EGF receiving weekly updates on transactions
approved via this document, but I would welcome your thoughts on this.  In
any event, I will provide you with the proposed abbreviated process by you
for your review and concurrence before if it is implemented since the
preponderance of these transactions are expected to be originated by ENA.

Please let me know if you have any questions or comments.

Regards,

Dave

David W Delainey
11/02/2000 09:25 AM
To: Tim Belden/HOU/ECT@ECT
cc: David Gorte/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT

Subject: Commodity / Embedded Finance Deals

Tim, I would argue that we should pursue this business as long as a) we are
being adequately compensated for the financing and underlying commodity risk;
b) we have very good paper; c) we are dealing with solid credits and are
charging an appropriate risk adjusted cost of capital for the underlying
financing; d) we have the ability to syndicate the capital or funds flow
position if needed to manage cash issues and e) that RAC is comfortable that
we are reaching these goals.

Any imbedded financing or $5M or more should be DASHED.  David, Joe and Mark
should be your key contacts to ensure we are adequately managing these issues
but I do not see any fatal flaw in the strategy if priced/managed well and we
watch the funds flow issues.

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 11/02/2000
09:15 AM ---------------------------

	From:  Tim Belden                           10/31/2000 01:54 PM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Commodity / Embedded Finance Deals

---------------------- Forwarded by Tim Belden/HOU/ECT on 10/31/2000 10:57 AM
---------------------------
From: Tim Belden on 10/31/2000 11:54 AM
To: Dave Delainey
cc:
Subject: Commodity / Embedded Finance Deals

---------------------- Forwarded by Tim Belden/HOU/ECT on 10/31/2000 10:56 AM
---------------------------
From: Tim Belden on 10/31/2000 11:52 AM
To: John J Lavorato/Corp/Enron, Dave Delainey
cc: Christopher F Calger/PDX/ECT@ECT
Subject: Commodity / Embedded Finance Deals

We have closed the following deals where we deliver power two a muni in the
short term and get paid back power later on.  These deals have both a
commodity and a finance portion:

Counterparty    Loan Period  Repayment Period  Amount Financed

Grant County    7/01 to 7/06   7/06   $4.7 million
Grant County    5/01 to 7/06   7/06   $5.7 million
Avista/Kaiser    7/2000   7/2000 to 7/2006   $31.3 million
BPA/Kaiser    9/2000   7/2001 to 9/2001   $36 million
Clatskanie    11/2000 to 9/2001 10/2001 to 9/2006  $5 million
Eugene Water and Electric  1/2001 to 3/2002  11/2001 to 4/2002  $4.9 million
Eugene Water and Electric  7/2001 to 12/2002 5/2002 to 12/2002  $7.3 million

We are seeing demand for more of these.  For example, Tacoma City Light is
looking at $35,000,000 + in this type of structure.  What do you guys need to
know about this business and how much of an appetite do we have for this?


In the public meeting today, the Commissioners approved RTO status for Grid
South, RT01-74 with certain conditions imposed. The conditions are that Grid
South continue to expand with additional members; Santee Cooper must be
included in the Grid South RTO and denies Grid South,s proposed veto rights
(must modify to ensure selection of board members represents more
participation by stakeholders) ) must maintain its independence; and orders
Grid South to resurrect original list of board candidates for another review.

FERC rejected Southern Company,s application, RT01-77, for RTO status finding
that the conditions of Order No. 2000 have not been met. The application is
rejected as being too inclusive. Chair Hebert stated that single company RTO
will not be accepted and are not the future. FERC wants to see good regional
member participation.

Commissioner Massey concurs on Grid South order; dissents in part in Southern
Company order, (expressed dismay over pricing issues finding that since the
application has been rejected, there is no reason to address pricing issues
in rejection).

The Commission discussed the order, EL 01-47, for relief to the California
and western state markets. The order announces certain action to be taken to
increase supply and reduce demand. As stated, the actions are:  1) require
California ISO and transmission owners to file grid enhancements that can be
achieved in short-term; 2) extends and broadens temporary  waivers of
operating and efficiency standards and fuel use requirements for QFs; 3)
waives prior notice requirements and grants market-based rate authority for
wholesale power sales; 4) authorizes retail/wholesale customers to reduce
consumption to resell their load reduction at wholesale at market-based
rates; 5) announces staff conference this Spring to discuss hydro-licensees,
resource agencies the possibility of increased generation consistent with
environmental protection. Addtionally, the order seeks comments by March 30,
1) rate incentives for electric transmission and gas facilities that provide
additional capacity in the short term; 2) use of interconnect authority
(Section 210.d of FPA) to help alleviate impediments to additional supply; 3)
waiving natural gas blanket certificate regulations to increase the dollar
limits for facilities under automatic authorization and prior notice
authorization; 4) offering blanket certificates for construction for
acquisition of portable compressor stations to enhance pipeline capacity to
California; 5) allowing for greater flexibility that license hydroelectric
projects to increase generation while protecting environmental resources.

FERC Commissioners intend to meet with Western state commissioners and other
regulators to discuss price volatility and other FERC related issues that
have recently been identified by the western governors. This will be a
one-day conference.


My brother just called, and my dad has just been admitted to the hospital for a heart problem.  There is a good chance that they will operate tomorrow or the next day.  If they do, then I will need to go to Ft. Worth for a couple of days.

I'll keep you posted.

Kay


Can you help them with this?
----- Forwarded by Mark Taylor/HOU/ECT on 06/05/2001 09:06 AM -----

	Sylvia Hu/ENRON@enronXgate
	06/04/2001 05:46 PM

		 To: Mark Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 cc: Tracy Cooper/Enron Communications@Enron Communications
		 Subject: FW: ISDA

Are you the keeper of Enron's ISDA membership?  If so, can you let us know
membership ID?  Tracy Cooper/Cynthia Harkness in EBS Legal are interested to
access some ISDA publications which are limited to members only.

Thanks,
Sylvia Hu
Corporate and Law Information Services
x36775

 -----Original Message-----
From:  Flores, Nony
Sent: Monday, June 04, 2001 5:17 PM
To: Hu, Sylvia
Cc: Overturf, Elaine; Obrecht, Paulette
Subject: Re: ISDA

Sylvia,

You may want to check either with Mark Taylor or Tana Jones.

Thanks.
Nony

	Sylvia Hu/ENRON@enronXgate 06/04/2001 05:01 PM 	   To: Elaine
Overturf/ENRON@enronXgate, Nony Flores/HOU/ECT@ECT, Paulette
Obrecht/ENRON@enronXgate  cc:   Subject: ISDA

Hi!

Does anyone know who at Enron is the contact person for ISDA ( International
Swaps and Derivatives Association, Inc.) (http://www.isda.org) membership?

Sylvia
x36775

 -----Original Message-----
From:  Cooper, Tracy
Sent: Monday, June 04, 2001 4:53 PM
To: Hu, Sylvia
Subject: Hi Sylvia

Sylvia

we are members of ISDA -- we are listed as a primary member -- however there
is a place to logon and I don't have that password -- any idea who the keeper
of that would be?

thanks!

Tracy J. Cooper
Legal Specialist
Enron Broadband Services
Phone: (713) 345-9534
Fax: (713) 646-8537
Tracy_Cooper@Enron.net