*  from Associated Press (4/9/01)
* discusses rates and blackout potential for each state
* Louisiana on verge of power crisis, they say...
* I think I might move to Nebraska!

Here's an attachment for easy distribution:

Here's the full article for quick scanning:
Monday April 9 4:23 PM ET
Power Situation by State
By The Associated Press,
A state-by-state look at the electric power situation for summer:

Alabama: Blackouts and rolling brownouts are unlikely as utilities are
required to maintain a reserve 15 percent above what is needed to meet peak
demand. Residential and business customers will pay rates about 1.1 percent
above a year ago.

Alaska: Blackouts and brownouts are unlikely. Hydroelectric power is
plentiful, and generating systems are not being taxed. Electric bills are
expected to fall slightly.

Arizona: There is little likelihood of a power interruption. Utilities are
prepared to handle the summer electricity demand, and price caps prevent the
major utilities from increasing rates.

Arkansas: Blackouts and rolling brownouts are highly unlikely. Electric bills
are expected to rise 5 percent as increased fuel costs are passed on to
customers and because the summer is expected to be even hotter than a year
ago, when readings topped out at 111 degrees in Little Rock.

California: Forecasts of tight power supplies throughout the West have energy
experts in California warning of statewide rolling blackouts this summer.
Power grid managers say concerted conservation efforts, accelerated
construction of new power plants and ``a bit of luck'' could help avoid
blackouts. Grid managers have already ordered rotating blackouts on four days
since January. Los Angeles will most likely be spared because the L.A.
Department of Water and Power provides its own generation and isn't connected
with the state's grid.

Colorado: The state is unlikely to experience blackouts or brownouts as 93
percent of its power comes from coal-fired plants. Because of fixed,
long-term contracts for coal, producers do not anticipate any fuel cost
adjustments.

Connecticut: No brownouts or blackouts are anticipated. Brownouts are
possible, though, if there is a prolonged spike in usage while power plants
are down. Utilities are under a mandatory price rate cap.

Delaware: Enough power is available to avoid blackouts or brownouts, but
questions linger about whether utilities can deliver it. Power is undergoing
deregulation in Delaware and officials are concerned over the possibility of
increased costs. However, under a 1998 deregulation law, the cost of
electricity is temporarily capped.

Florida: Power outages are unlikely this summer as the state has reserves of
about 20 percent. Utility companies have already increased their rates to
cover higher fuel costs. Unless coal and oil wholesale prices increase
sharply, consumers should not expect major rate increases.

Georgia: Blackouts and brownouts are unlikely in the state because a
for-profit regulatory system gives suppliers an incentive to build more
generating plants. Rising costs for natural gas, which fuels almost all new
electric plants, could increase residential electric bills by 25 percent.

Hawaii: There is little likelihood of blackouts, rolling brownouts or price
spikes. As an island state, Hawaii's electricity system is not connected with
that of other states. Each island has its own generation system and supply is
sufficient to meet demand.

Idaho: There is little chance of blackouts or rolling brownouts but bills are
rising. The state's largest utility wants a 34 percent increase in
residential rates.

Illinois: Blackouts and rolling brownouts are unexpected as generating has
been increased with a number of small ``peaker'' plants. Homeowners shouldn't
see a rate increase, either; electricity rates are locked in through 2004
under the state's deregulation plan.

Indiana: There is no expectation of blackouts or brownouts unless there are
weeks of very hot weather or a power plant stops operating. Utility companies
are urging consumers to conserve energy and believe that will maintain the
remaining state energy surpluses, which have decreased from 30 percent to 10
percent over the past decade.

Iowa: While the state does not expect blackouts this summer, problems could
occur as early as 2002 with serious capacity problems by 2006. Only
single-digit price increases are expected this summer.

Kansas: Blackouts and rolling brownouts are unlikely. Kansas has never had a
regional transmission blackout. The size of electric bills will depend on how
hot it gets and how much power customers use for air conditioning. State law
prohibits price spikes by regulated utilities, which supply 70 percent of
residential customers.

Kentucky: Electricity rates in the state are among the lowest in the nation,
but will likely rise between 3.2 percent and 3.8 percent by 2003, largely due
to pollution control equipment upgrades. There is adequate supply to avoid
brownouts and blackouts this summer.

Louisiana: No blackouts are expected this summer but utility officials say
the state is on the verge of a power crisis unless more plants are built.
Consumer advocates say bills are likely to increase by as much as 30 percent
with very high natural gas prices and a hot summer in the forecast.

Maine: Five new natural gas-fired power plants are on line or coming on line
soon, reducing the prospect of any rolling blackouts. No consumer rate
increases are expected.

Maryland: The Public Service Commission does not expect any service
interruptions and believes electricity rates will not rise. An electric
deregulation plan implemented last year reduced, and then froze, rates for
homes and businesses.

Massachusetts: Blackouts and brownouts are unlikely because New England has
added a half dozen new power plants in the past 18 months - enough supply to
outpace demand surges. Residents will likely see hefty rate hikes in the
winter, including as much as 42 percent for some consumers.

Michigan: Under a state law signed last year that will deregulate the
electricity industry in 2002, utilities cut rates by 5 percent and must cap
those rates for five years. Although demand for electricity is growing
between 2 percent and 3 percent annually, utilities say they have enough
supply to meet demand.

Minnesota: No blackouts or rolling brownouts are likely unless there is an
extended heat wave or a power plant failure. Electricity costs are expected
to remain steady. Many customers, however, will spend the summer months
paying off natural gas and electricity bills from the long, cold winter.

Mississippi: Blackouts this summer are unlikely. The two main power suppliers
are taking measures to boost their reserves during peak summer months and new
independent generating plants also are available. Mississippi Power expects
bills for customers to be 3 percent to 6 percent higher this summer. Entergy,
another supplier, has not filed its summer rate plan yet.

Missouri: Utilities have plenty of generating capacity and supply contracts,
so service interruptions aren't expected. The state Public Service Commission
says three large utilities are bringing new or expanded generating plants on
line. State law bars rate spikes by PSC-regulated utilities, so customer
bills shouldn't reflect higher generating costs.

Montana: Blackouts and rolling brownouts are not expected. Montana Power
customers will not see price increases this summer because the company is
under a virtual rate freeze until July 2002. Flathead Electric's rates rose
29 percent on April 1 and an additional 60 percent increase is possible this
fall. The two companies serve more than half of the customers in Montana.

Nebraska: No rolling blackouts are expected. Electric bills are not expected
to increase since the state's largest utility already increased its rates by
2 percent to 4 percent.

Nevada: Major utilities are not expecting blackouts or rolling brownouts, but
monthly electricity bills for two power companies will go up 1 percent to 2
percent a month through September, based on already-authorized incremental
rate increases. State lawmakers, reacting to California's energy crisis, are
processing measures that would block deregulation from taking effect. Gov.
Kenny Guinn also has said he will not let deregulation take effect under 1997
and 1999 laws unless he's confident consumers won't be harmed.

New Hampshire: Blackouts are unlikely but customers may have to conserve
power on very hot days. As part of deregulation, rates will drop about 12
percent for customers of the state's largest electric utility. But rates
could rise 20 percent to 30 percent for customers of the second-largest
utility.

New Jersey: Blackouts are unlikely because of protections included in a
2-year-old energy deregulation law. Rates are capped until 2003. However,
regulators allowed utilities to raise natural gas rates over the summer, 2
percent a month through July, to make up for money lost over the winter to
skyrocketing fuel prices.

New Mexico: Most of the state will escape power outages and rate increases
during the summer months.

New York: To head off potential power shortfalls in New York City, the New
York Power Authority is rushing to finish construction of 11 small natural
gas turbines. Upstate New York's largest utility says it has enough power to
avoid blackouts and brownouts during the summer. Rates are regulated across
much of the state, but in New York City customers pay market prices.

North Carolina: No blackouts or rolling brownouts are expected. No major rate
cases are pending in the state among the large, regulated utilities.

North Dakota: The state exports about 70 percent of the electricity produced
from seven coal-fired power plants and is facing no power shortages this
summer. Electricity bills to power air conditioners are not expected to
double from the previous summer the way natural gas bills doubled in the
winter.

Ohio: No blackouts or rolling brownouts are expected unless there is a long
heat wave. Prices for residential customers will remain flat for the next
five years as part of a deregulation plan that took effect Jan. 1.

Oklahoma: There is little likelihood of blackouts or rolling brownouts
between May and September, but Oklahoma Gas & Electric, which has 700,000
customers in the state and northwestern Arkansas, expects electricity bills
to be 10 percent to 15 percent above last summer.

Oregon: Some extraordinary measures may be needed to ensure there are no
rolling blackouts or brownouts this summer. The measures could include
curtailing hydroelectric programs that help salmon. Price spikes could occur.

Pennsylvania: No blackouts or brownouts are expected. The state is a net
exporter of power and has more than enough supply to meet demand. Electricity
bills will not rise this summer because power companies agreed to cap their
rates, in come cases through 2010.

Rhode Island: Blackouts are unlikely, partly because of power plants built in
New England in recent years. Businesses could see electric rates rise as much
as 46 percent.
South Carolina: With reserves of about 15 percent, there is very little
chance of power interruption in the state. Two major utilities have obtained
rate increases of about 3 percent to reflect higher fuel costs. Increased
demand from summer air conditioning normally pushes summer bills up 50
percent by July.

South Dakota: The majority of power comes from dams or coal-fired generating
plants rather than natural gas. There is little chance of power shortages
this summer and rates should remain stable.

Tennessee: Tennessee Valley Authority electric rates were last raised in 1997
and should remain steady through the summer. No blackouts or brownouts are
expected.

Texas: Additional transmission lines should reduce the likelihood of
blackouts or rolling brownouts. Certain fuel surcharges related to natural
gas prices may cause higher electricity bills.

Utah: Officials are counting on Californians to cut their energy use and free
more power for use on the Western electricity grid to avoid blackouts or
brownouts. Utah power has received a 9.4 percent interim rate increase and
has 19 percent rate increase awaiting approval.

Vermont: Chances of blackouts or brownouts are low. Much of Vermont's
electricity is imported from Quebec, though the state is also dependent on
the regional power grid that serves New England. Electric rates are
regulated.

Virginia: Blackouts and brownouts are highly unlikely because of an increase
in the generating capacity of the state's largest utility. The size of
electric bills will be determined by the weather and consumption, not any
change in rates, which are capped through 2007.

Washington: Blackouts and brownouts are unlikely, although utilities will
have a razor-thin power margin that would not withstand the loss of a power
plant or transmission line. Electricity largely comes from dams, and a severe
drought is reducing the water supply and raising prices. Industrial and
residential customers of public utility districts have already seen rate
increases. Rates could rise 10 percent to 20 percent this year.

West Virginia: Generating capacity is sufficient to meet peak air
conditioning needs. None of the four major utilities has requested a rate
increase.

Wisconsin: Electric bills could run as much as 10 percent higher this summer
because of surcharges to cover rising prices for natural gas, which fuels
many plants. State officials ordered utilities in December to increase their
reserves from 15 percent to 18 percent to bolster reliability during the
summer.

Wyoming: Blackouts and brownouts are unlikely but could occur because the
state grid is intertwined with other systems that could experience shortages.
Xcel Energy, serving Cheyenne, has applied for a 57 percent price increase.
Similar filings are expected from other suppliers.


The Hedge Fund Meeting scheduled for Tuesday, April 24 at 3 pm (Houston time)
will be held in EB38C2.

Kaye


Thanks for the email. What kind of furniture are you looking for?  I have
alot of pieces that we are getting ready for the shop. What about Kjaerholm?
We have a pair of rare Aalto lounge chairs. great dining tables, chirs etc.
etc. Last question....did you have a chance to send the Salto check? Best, Kim


Susan:

It is ok to provide the requested information.

Mark


The powerpoint presentation runs itself.

(See attached file: Xmas.pps)

 - Xmas.pps


sounds great.
PL

 -----Original Message-----
From: 	Kinsey, Lisa
Sent:	Thursday, October 11, 2001 12:50 PM
To:	Love, Phillip M.
Subject:	FW: meeting with our two groups

Phillip - we are set with the soda & cookies - I will get with you when I get back on Tuesday and we can go over who goes first.
Lisa

 -----Original Message-----
From: 	Kinsey, Lisa
Sent:	Wednesday, October 10, 2001 4:57 PM
To:	Love, Phillip M.
Subject:	RE: meeting with our two groups

Sounds good - I will bring the soda and cookies.
Lisa

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Wednesday, October 10, 2001 4:47 PM
To:	Kinsey, Lisa
Subject:	RE: meeting with our two groups

I got 32C2 for next Wednesday from 1:30 - 2:30.  How does that sound?
PL

 -----Original Message-----
From: 	Kinsey, Lisa
Sent:	Wednesday, October 10, 2001 4:29 PM
To:	Love, Phillip M.
Subject:	RE: meeting with our two groups

Lets make it for like an hour.  I think once we get together we are going to find that we all have a lot of questions.  How about next week?  Like Wednesday afternoon.  Thats the only day that I can do it.
Lisa
 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Wednesday, October 10, 2001 4:07 PM
To:	Kinsey, Lisa
Subject:	meeting with our two groups

 What do you think about setting up a meeting between your group and mine in which each of us gives a short 15 minute presentation on what we do and how things other groups do affect our group.  If you think we will need more time, maybe we set up two meetings.  Let me know what you think.  Thanks.
PL


Sara Shackleton said that Cross indicated they were going to terminate the contract.  Be on the lookout!

Please update the Demand Letter Log with this information.

Thanks

Louis R. DiCarlo
ENA Gas Structuring
Phone: 713-345-4666
Email: louis.dicarlo@enron.com


---------------------- Forwarded by Robin Barbe/HOU/ECT on 12/05/2000 12:26
PM ---------------------------

Geraldine Irvine

12/01/2000 04:30 PM
To: Scott Neal/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, David
Jones/NA/Enron@ENRON, Ed McMichael/HOU/ECT@ECT
cc: Sanjeev Khanna/NA/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Stephanie
Gardner/HOU/ECT@ECT, Tera Moss/Corp/Enron@Enron
Subject: PSEG Meeting

Please plan to attend a meeting to discuss a one year supply deal for PSEG
50,000/d @ Transco Zone 6, on Tuesday, December 5, 3:00 p.m., in EB-2934.

If any questions contact Sanjeeve Khanna at Ext. 3-3849.


We are collecting information to dispute Ercot's OOMC calculation.    OOMC has not had a defined clearing price due to the the non-functioning Replacement reserves mkt.
Ercot has asked us to file a dispute for each time that we were issued an OOMC.   I think that this goes back to Sept 14th.

Also at issue is the payment for the actual power once it is called for.    Ercot claims that OOMC means run, instead of standby.   So,  for the times that we were asked to run,  Ercot will only pay us the balancing energy price, versus the OOME heat rate calculation.

How far can we go back in a dispute?  I thought we were somewhat limited.

JMF


Last week you all received a memo from Brent Price which described changes
within Gas Operations, excluding Texas.  Attached is an organizational chart
for the Texas region.

We too continue to look for efficiencies to ensure we meet the demands of our
customers.  We currently support the Texas trading region, Bammel Storage
Facility, Houston Pipeline, Powder River Gathering and Bridgeline.  I am
pleased to announce that we will also combine Risk Management, Deal
Validation and Operational Analysis under the management of Steve Venturatos
who will serve as the Business Controller.  Dave Baumbach will fill the Lead
position.  Ami Chokshi will move from Trading Support to the new group,
continuing in the role of the Entex and TUFCO account manager.  Jody Crook
also will join the team.  Bryan Hull will transition his knowledge over the
next month, and will be moving to has second rotation, effective 6/5/00.
Additionally, Will Kelly will transition the Denver trading books to the
Texas team as he moves to the East Region.  Transportation Management under
Mary Smith will NOT be integrated into the team as their day-to-day
responsibilities and projects are not cohesively aligned with this group.
Please join me in welcoming the new team members as well as the team members
who will continue in the group.

Mike Eiben will step in the role previously managed by Steve Venturatos which
includes Global Contracts and Facilities, System Enhancements and Regulatory
Reporting.  In addition, Clem Cernosek and Jennifer Pattison will be assuming
new responsibilities in Logistics and Volume Management, respectively.  Both
Clem and Jennifer have been on the Unify team, focused on POPS.  Please wish
these folks success in their new roles.

All responsibility changes are effective 5/1/00.

Please share this with your staffs.


Shirley,

Please, can you coordinate this?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/25/2000
02:40 PM ---------------------------

"Oliver Bennett" <oliver@risk.co.uk> on 05/25/2000 08:25:12 AM
Please respond to "Oliver Bennett" <oliver@risk.co.uk>
To: <jefferid@kochind.com>, <vkamins@enron.com>, <sbramlet@utilicorp.com>
cc:
Subject: Risk 2000 panel discussion

Dear All,
?
Would like to set a conference call to discuss  content for the panel
discussion at Risk 2000 in Boston on 14 June. Perhaps I  can suggest
wednesday 31 may at noon EST. I'm on London time and am quite  flexible if
you would like to do earlier or indeed on another day.
?
The panellists are -
?
Vince Kaminski, Enron Corp
Richard Jefferis, Koch Energy Trading
Steven Bramlet, Aquila
?
The discussion topic is 'effectively applying  weather derivatives'
?
I think we need to establish a series of  questions around which to
facilitate discussion. We currently don't have a  moderator and perhaps one
of you could take this role on.
?
I look forward to hearing from you.
?
Thanks, Oliver
?
?
?
Direct: +44 (0)20 7484 9880
?
Risk Publications, 28-29 Haymarket, London SW1Y  4RX
Fax: +44 (0)20 7484 9800? Email: oliver@risk.co.uk
www.riskpublications.com


Its a railroad.  Now known as BNSFCN (Burlington Northern Santa Fe Canadian
National).  DF

	From:  Susan Scott                           01/31/2000 04:36 PM

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

Subject: Re: Project Pueblo

Drew, what is BNSF?


did you get me a card or something there?


Offline Contact Status - 6/6/01

1.	Commerce One
C1 is working on a valuation analysis, including customer discussions.  A meeting in Austin with Mark Hoffman and Matt Graves is being arranged for Thursday or Friday, 6/21 or 6/22.  C1's current position is that the value of an Enron company owning the Offline IPR is $50 - $100 million.

2.	Reuters
Philippe and Andy are following up with Phil Lynch and others to define a go-forward plan.

3.	Sungard
Executive meeting being scheduled.  Also exploring interest in mid/back office systems and DealBench.

4.	SAP
Conference call with Brian Bartoldson of SAP Consulting scheduled for this Thursday, 6/7, at 2pm.  Brian will provide additional "expert" input to Gary Fromer, who is still trying to sort through the size of the Offline market opportunity.

5.	Sun/iPlanet
Meeting with John Fowler of Sun M&A scheduled in Houston on Tuesday, 6/12 .  Offline will be discussed from 9am - 12:30pm, DealBench from 12:30pm - 3pm.

6.	Microsoft
Working with Peter Houston, Group Program Manager for Active Directory, to see if he can help us get a meeting in Redmond with the right Microsoft audience.  Have been referred to James Utzschneider, one of the Microsoft application product executives.  Philippe is working with Microsoft contacts also from the technology side.

7.	BEA
Initial interest confirmed via conference call last week.  Trying to schedule initial meeting for presentation and demo.

8.	Siebel
Working with Beth Perlman and Joe Wong to establish contact.

9.	HP
Working with local HP representative, Michael Morrison, to establish contact.

10.	TIBCO/Accenture
On hold.

11.	i2
On hold.


[John Blaylock]  Per our conversation

 -----Original Message-----

Subject: AEP TRANSITION QUESTIONS

 Please read the attached document concerning the transtion of HPL employees
to AEP.


Darren:

(1)  Goldman Sachs
ENA  executed the Client Access Agreement with Goldman, Sachs & Co.  on June
15, 2000.  Since you are trading in the name of ENA, you should not need to
execute an additional agreement.  I confirmed this with Ted Leh this
morning.  At Ted's suggestion, please forward to me the fax number and email
address of the Goldman person requesting that you execute further
documentation.  I can fax to him a copy of the agreement and correspond by
email.  I will also copy Ted Leh and Vivian Siao (keeps track of agreements
and authorized traders) so that everyone is up to date.

(2)  UBS Warburg
I spoke with Sheryl Gallant.  ENA and other Enron affiliates are already
trading on the UBS electronic websites for OTC transactions.  Interestingly
enough, UBS does not require an electronic trading agreement to be signed by
a customer for online trading.  In other words, ENA has an executed ISDA with
UBS dated May 31, 1993, you are an authorized trader for ENA and UBS is happy
to let you access their platform. Sheryl does not know why Jun Ishi requested
execution of a "Client User List" (i.e., an authorized trader list) and said
to forget it.  If you would like for me to speak to Jun Ishi or correspond
with him (please send his email address), just let me know.

Please let me hear from you if you would like for me to pursue further.  As a
representative of ENA, you will probably have most agreements already in
place.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/23/2001
09:10 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/23/2001 09:03 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--4/23/01


Scott:  Could please sure that Bev gets this?  Thanks.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/11/2001 11:34 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	07/11/2001 11:34 AM

		 To: Ann.Cohn@sce.com, "'Barbara Barkovich (E-mail)'"
<brbarkovich@earthlink.net>, "Dominic DiMare (E-mail)"
<dominic.DiMare@calchamber.com>, "'Dorothy Rothrock (E-mail)'"
<drothrock@cmta.net>, "'John Fielder (E-mail)'" <fieldejr@sce.com>, "'Phil
Isenberg (E-mail)'" <isenberg@hmot.com>, "'Jeff Dasovich (E-mail)'"
<jdasovic@enron.com>, "'Keith McCrea (E-mail)'" <kmccrea@sablaw.com>, "'Linda
Sherif (E-mail)'" <lys@a-klaw.com>, "'Linda Sherif (E-mail 2)'"
<lysherif@yahoo.com>, "'Gary Schoonyan (E-mail)'" <schoongl@sce.com>, "'John
White (E-mail)'" <vjw@cleanpower.org>, <dhunter@s-k-w.com>,
Rick.Simpson@asm.ca.gov
		 cc:
		 Subject: Sher Shops Alternative Edison Bailout Plan

Folks:  Please see highlighted sections.  Anyone seen Byron's plan?  Know
where it's headed, etc.?

Best,
Jeff
*************************************************************************
Power purchase bills exceed $7.5 billion
Published Tuesday, July 10, 2001, in the San Jose Mercury News
BY MARK GLADSTONE, NOAM LEVEY AND DION NISSENBAUM

Mercury News Sacramento Bureau

SACRAMENTO -- Six months after jumping into the electricity business, the
Davis administration on Monday provided the first detailed glimpse of
California's daily power purchases, showing more than $5 billion in payments,
much of it to government-owned utilities and private companies that state
officials have branded as price gougers.
The state spent an additional $2.5 billion on a variety of contracts and
other electricity services designed to stabilize the volatile energy markets,
according to documents that the state agreed to release last week amid a
legal dispute over public access to the data.
In roughly the first five months of the year, the state shelled out $1.2
billion to Atlanta-based Mirant, the most any company was paid for
electricity, followed by $1 billion to Powerex, the marketing arm of BC Hydro
in British Columbia. It also paid $331 million to the Los Angeles Department
of Water and Power.
The documents raise questions about some of the common assumptions that have
arisen around the electricity crisis. For instance, almost 40 percent of the
state's purchases have come from government-run power generators in
California and elsewhere, but not Texas; some of the biggest suppliers are
from the Northwest.
Gov. Gray Davis, who has ambitions to run for the White House, has put much
of the blame for the soaring costs of power on energy companies based in
President Bush's home state.
The figures are tucked inside 1,770 of pages of invoices that Davis has
resisted divulging, saying disclosure would encourage suppliers to charge
more. The state, which last month released information on its long-term
electricity contracts worth $43 billion, agreed Thursday to release the first
quarter details.
Short on explanation
The figures were disclosed late Monday by the California Department of Water
Resources, which buys power for the state's financially strapped major
utilities, and seem to buttress the administration's contention that the
price of power is gradually dropping but offer little or no explanation for
what prompted the decrease.
In January, for instance, the average price for power on the spot market was
$321 a megawatt hour. It peaked in April at $332 and dropped to $271 in May.
One megawatt powers about 750 homes.
Davis spokesman Steve Maviglio said the price data supports the governor's
assertions that California has been gouged. ``The bad guys are clearly the
out-of-state generators,'' Maviglio said. ``There has been a significant
shift of money out of California.''
But the documents fail to shed much light on whether, as the administration
contends, the price drop was due to long-term power contracts negotiated by
the state earlier this year. Critics contend that the Davis administration
panicked and rushed into deals that commit the state to pay high prices for
many years.
Used for support
Republican officials used the price information to bolster their attacks
against Davis, a Democrat, for signing long-term contracts with power
generators even as the price of power on the spot market was coming down,
partly because of the declining price of natural gas used to fuel many
plants.
``It's more clear than ever that the long-term contracts are a bad deal,''
said Assemblyman Tony Strickland, R-Camarillo. ``The governor's really hurt
the ratepayers for the next five or 10 years.''
The newly released bills highlight the volatility of California's energy
market, where the price per megawatt hour ranged from $70 to $1,000. On any
given day, the records show, the prices from seller to seller varied widely,
with some of the highest prices being charged by public utilities and
companies outside Texas.
On one day in February, for example, San Diego-based Sempra Energy was
charging $165 per megawatt hour, the Eugene Water and Electric Board was
charging nearly $500 and Duke Energy, a North Carolina company, was charging
up to $575.
The state's daily spending peaked May 10 at $102.4 million for all power,
including the spot market and contracted power.
The state began buying power in mid-January on behalf of the state's major
utilities, which were unable to borrow money to buy power after amassing
enormous debts for electricity.
San Jose-based Calpine Corp., which is building several new power plants
around California including one in South San Jose, did only $29 million worth
of business with the state in the first five months of the year, according to
the figures.
The state began buying power in mid-January when Pacific Gas & Electric Co.
and Southern California Edison Co. were on the ropes financially. PG&E later
went into bankruptcy.
On Monday, state lawmakers took another shot at trying to cobble together a
plan to rescue financially ailing Edison.
While most concede that a rescue plan Davis worked out with Edison will not
win the necessary support in the Legislature, lawmakers have created several
working groups to come up with alternatives.
Compromise plan
On Monday, state Sen. Byron Sher, D-Redwood City, unveiled the latest
compromise proposal that seeks to protect average ratepayers and small
businesses from further rate increases and forces everyone else to help
finance the Edison bailout.
The ``shared pain'' proposal would force power producers, owed about $1
billion, to take a 30 percent ``haircut'' and agree to forgive about $300
million in Edison debts. Edison would be asked to swallow $1.2 billion --
about a third of its debt. And big users would be asked to pay off the
remaining $2 billion in debts, possibly by paying higher prices for power.
In exchange, large companies would be given the opportunity to buy power on
the open market, a system that would allow many of them to sign cheap energy
deals.
Sher presented the proposal to Senate Democrats Monday afternoon, but it
remains unclear how much support the framework will receive in the
Legislature.

Contact Mark Gladstone at mgladstone@sjmercury.com or (916) 325-4314.


just b/c you aren't in the top ten doesn't mean that you don't have pretty
girls - there are always a few good apples in a rotten bunch

From:  Bryan Hull
12/06/2000 09:39 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: FW: Top 10 Colleges with the Best Looking Girls

Then why are you dating a girl from LSU?


-----Original Message-----
From: Robert Ricks [mailto:robricks86@hotmail.com]
Sent: Tuesday, January 29, 2002 3:07 PM
To: Reitmeyer, Jay
Subject: Resume for Robert J. Ricks, Jr.

Jay,

Attached is my resume and a brief memo for you.

Thank you,
Robert


This has sound...
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/20/2001 02:17
PM ---------------------------

Fritz Rumscheidt@ENRON_DEVELOPMENT
02/20/2001 09:11 AM
To: kay.mann@enron.com
cc:

Subject: Dick Westfahl Retirement


I will be out on scheduled vacation next week and am sending you my contact info just in case . . .

Joanne & Richard Rozycki
2005 Cheryl Drive
Pearland, Texas 77581
(281) 485-9782
rozycki@iwon.com

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


As all of you know we are in the midst of the Fall recruitment process for
the Analyst and Associate Program - the Super Saturday process.  A major part
of the process is the Saturday interview which has been changed this year.
Interviewers now only review five candidates and the "offer " decision is now
completed on the same day as the interview.  This decision process is
facilitated by a member of Enron's executive committee and should be
completed by 3:30 pm.  ENA is one of the major users of the Analyst and
Associate pool and needs to be well represented at Super Saturday (which we
are not at this time).  The Program still needs additional interviewers and
the Office of the Chairman of ENA needs you to support the Program and the
interview process.  Signing up is now easier than ever and all you need to do
is access the following web site and fill in a few blanks.  The web site is
as follows:  http://axis.enron.com/notice/ssinvite.asp.  The dates of Super
Saturday's are listed below:

     Associates:   Analysts:
     October 28   November 4
     November 11   November 18
     December 2   December 9
     December 15

The selection of qualified candidates is important to ENA  and Enron.  Your
participation is needed, now especially for the October 28th and November 4th
dates.  Please respond accordingly.

Thanks,
Ted


So, based on the forgoing, assuming we can not and do not buy the property
until the LLC is owned by ENext then the terms of the POA docs should have no
balance sheet impact.  Do you agree?

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 4:28 PM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

Correct.  If all we were doing was buying the property, you wouldn't have the
timing restriction.  You lose one layer of optionality.

From: Greg Krause/ENRON@enronXgate on 06/06/2001 04:06 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

So if we buy the property before the LLC is owned by ENext the entire project
goes on the balance sheet since we will be committed to building a road and
stormwater system.  There we all must be aware that we can not close on the
property until the LLC is owned by ENext.  Do you agree?

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 3:58 PM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

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

Kay

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

Subject: RE: Midway Interconnect Agreement

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

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

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

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

Subject: RE: Midway Interconnect Agreement

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

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

Greg and Ben,

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

Kay

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

Subject: RE: Midway Interconnect Agreement

Kay,

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

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

Greg

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

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

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

Kay

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

Subject: RE: Midway Interconnect Agreement

Please see attachment below with Christi's comments.

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

Kay:

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

Please let me know. Thanks.

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

Ben

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


For those of you care, I've added the pictures from the Orange Bowl and a
couple of new baby pics -->   http://web.tampabay.rr.com/horne/

Mike
Point of Sale Marketing Specialist
IBM, Retail Store Solutions
jmhorne@us.ibm.com
Ph: 407.849.9244 TL591
Fx: 801 383 9233
Pgr: 800 946 4646 pin 142 9170
Send a text page at: ( http://www.mobilecomm.com/message/)PIN 142-9170


In the event that you need copies of EES agreements, please contact Karen Cordova at X33150.

Travis C. McCullough
Enron North America Corp.
1400 Smith Street EB 824
Houston, Texas 77002
Phone:  (713) 853-1575
Fax:      (713) 646-8860

 -----Original Message-----
From: 	Heard, Marie
Sent:	Tuesday, October 30, 2001 2:08 PM
To:	Aronowitz, Alan; Clark, Morris; Davis, Angela; Del vecchio, Peter; Douglas, Stephen H.; Evans, Mark (London Legal); Gray, Barbara N.; Hansen, Leslie; Heard, Marie; Hendry, Brent; Hodge, Jeffrey T.; Jones, Tana; Koehler, Anne C.; Leite, Francisco Pinto; McCullough, Travis; Murphy, Harlan; Murray, Julia; Nemec, Gerald; Sager, Elizabeth; Sayre, Frank; Shackleton, Sara; Simons, Paul; St. Clair, Carol; Van Hooser, Steve; Viverito, John
Cc:	Cook, Mary; Rohauer, Tanya
Subject:	Credit Contact

Please be advised that Jay Williams will be our credit contact for all master netting agreement credit terms.  Jay will also provide us with all counterparty names and maintain the list of agreements.  Jay's phone number is (713) 345-3923 and, for e-mail purposes, he is listed as Williams, Jason R. (Credit).


I would like to invite you to participate in a conference on "Retail
Participation in Competitive Power Markets" to be held at Stanford
University on June 21-22, 2001. Although California and other regional
markets will likely be introducing some demand-response programs by June,
there is a clear need for continual evaluation of these nascent efforts to
transform the market. The conference provides an opportunity to learn from
different experiences.

This policy research meeting will focus on establishing a foundation for
understanding the key concepts and methods for demand response programs and
to provide an opportunity for participants to raise questions and recommend
directions for additional research and analysis.  Participants will come
from companies, government, and universities.  You can obtain more
information about the conference by checking under "Meetings" on our EMF
website listed below.

Please let me know if you plan on attending.  Also, if you would like to
make a brief 15-minute presentation, please let me know your topic and
describe it in a few sentences.  I will try to choose speakers that will
cover the full range of interests represented by this group.  Researchers
should focus on the implications of their analysis for designing demand
response programs rather than on the technical details of their
methodology.  I would also encourage practitioners to discuss their
experience in implementing demand response programs or in raising selected
issues.

Thank you,
Hill Huntington

*******************************************************************
Hillard G. Huntington
EMF - an international forum on
energy and environmental markets Voice:  (650) 723-1050
408 Terman Center    Fax:    (650) 725-5362
Stanford University   Email:  hillh@stanford.edu
Stanford, CA  94305-4026

EMF Website: http://www.stanford.edu/group/EMF/


I'll be home Wednesday night and I fly out Monday afternoon, but I don't really know which days I'll be up at the 1000 islands.  Depending on when I go up to the 1000 islands, I'll probably come back from the 1000 islands on Sunday in time for a little boating and binge drinking.  Would it be a good idea to plan a barbaque or something for Sunday?  Monday doesn't work for me because I'm flying back.  Jeff will be around in case you didn't know.  Anyway, I'll be in touch.

Mateo

 -----Original Message-----
From: 	"kristen iles" <ksiles@hotmail.com>@ENRON [mailto:IMCEANOTES-+22kristen+20iles+22+20+3Cksiles+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, May 16, 2001 7:16 AM
To:	Smith, Matt
Subject:	RE: Memorial Day weekend

Hey baby,
Well, as per usual, the plans are getting all botched.  Why can't people
just commit to a plan and roll with it?  Bill is now going to Disney...what
the f is that all about?  After checking into some new ideas (different
rental properties located near water) we quickly determined that that option
is near impossible at this late date.....	So, now we are trying a few last
ideas and have determined that most likely we will probably just have to
settle for chilling at the point, using Mom and Don's boat and tying up at
the sandbar with Kelly and Mike and their boat, bbq, beer and oh yea, lot's
of beer.  Come to think of it, that sounds great.  I think a few of my
girlfriends from Roch may join us as well.  Should be good!  So what does
your itinerary look likle?   love, k

>From: Matt.Smith@enron.com
>To: ksiles@hotmail.com
>Subject: RE: Memorila Day weekend
>Date: Thu, 10 May 2001 10:02:13 -0500
>
>As I was discussing with Duncan, I'm coming home Wednesday night and coming
>back to Houston on Monday late afternoon.  During some portion of the
>holiday, I'll be up at the islands, but i'm free to hang out for a day or
>so.  Are you around Thursday? Where would you go rafting anyway?  I'm
>definitely looking forward to the holiday, though.  A little barbaque, a
>little beer, a little boating, a little fishing, a little beer, a little
>golfing...I guess I should have taken the whole week off.  Anyway, give me
>a call sometime, and I'll try you when I get chance.
>
>Talk to you soon.
>
>Mateo
>
>     -----Original Message-----
>    From:   "kristen iles" <ksiles@hotmail.com>@ENRON
>
>[mailto:IMCEANOTES-+22kristen+20iles+22+20+3Cksiles+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
>
>
>    Sent:   Wednesday, May 09, 2001 7:04 PM
>    To:     Smith, Matt
>    Subject:  Memorila Day weekend
>
>    Any great plans for the long weekend?  Duncan and I are looking into
>    some
>    white water rafting water oriented types of things....though I know
>    there
>    will be know swimming this early in the spring.....brrr!
>
>    love, k
>    _________________________________________________________________
>    Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed050401.pdf
 - ed050401.xls


Are you interested in doing dinner / or show Sunday afternnoon / evening?

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Thanks, today all is well.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Jim,  Attached is a clean and redline version of your letter with my
comments.  The deal maker on this one is probably the appropriate person to
sign this one.  Is it Jim Ducote?

Is Greg Brazaitis or Steve Schneider aware of this project?


Hi Joe,

I mentioned to you an associate from wharton who has been here for 2 years looking for another rotation.  She is very interested in Japan, and a hard worker.  Probably more of a market research, model building, person at this point in her career, but I don't know, and I don't want to sell her short.

What do you have for her?  I'd like to keep her around.

Jeff


Attached is the Annex B for the referenced counterparty.  Let me know if you have any questions or need anything else.

Marie


Sherri, here's the info you need.  I would recommend that they both join the
cycling club at $35 each, and then we will pay for their registrations.  Jeff
Skilling's has already been paid for even though he hasn't paid his dues for
2001.  Effectively,  the bike club pays the registrations through the
membership fees, and his daughter would be eligible to join with him, so if
you could forward me a check for $70, and get his/her membership and her
MS150 form back to me, I'll take care of everything.  (We already have Jeff's
MS150 registration done, as I said.)

On the fundraising:  Please mention to Jeff that BP, who is the main sponsor
of this year's tour, has issued a challenge to Enron.  They are seriously out
to beat us out of first place and they claim that they already have 400
riders.  We, of course, don't want that to happen, although we are pleased
with the jump-start we have given to the Houston corporate world in relation
to this ride.  I'm encouraging our current team members to raise their
fundraising as much as possible, and especially our top people.  Do you think
we could get Jeff to $100,000 this year?  Last year he came in at $65,000.
Wendy Gramm is not riding this year because Phil Gramm has a high school
reunion the same night, so could Jeff ask Wendy to raise money anyway and
throw it our way, or she could just raise the money and give herself the
credit even though she's not riding?  Do you have any ideas on that?  Do you
want me to contact her to discuss or would it be better for you or Rebecca to
do that?

MS150 - April 21-22

	From:  Jeff Skilling                           03/05/2001 11:59 AM

Sent by: Sherri Sera
To: Amelia Alder/OTS/Enron@ENRON
cc:

Subject: MS150 Enron team sign up

Amelia, would you please e-mail me the Enron team sign up for for MS150?
Jeff's daughter would like to ride with the Enron team.  Let me know what I
owe you for that, and I'll send you a check when she fills out the
registration form.  Thanks, SRS


Below is the .ppt presentation as promised.

Marie
----- Forwarded by Marie Hejka/Corp/Enron on 09/22/2000 06:21 PM -----

	Gary Cowan
	09/18/2000 04:18 PM

		 To: Marie Hejka/Corp/Enron@ENRON
		 cc:
		 Subject: ppt


George,

The numbers on your fax don't agree to the first estimate that I am using.
Here are the two files I used.

Phillip


this is their final version
---------------------- Forwarded by Lisa Mellencamp/HOU/ECT on 02/29/2000
08:49 AM ---------------------------

"Rick Antonoff" <rantonof@cwt.com> on 02/28/2000 06:22:38 PM
To: Lisa Mellencamp/HOU/ECT@ECT
cc:
Subject: Master Netting

Attached below is our memorandum on cross-product and cross-affiliate netting
and setoff.

(See attached file: #108922 v1 - master netting.doc)

|------------------------------------------------------------------|
|NOTE:  The information in this email is confidential and may be   |
|legally privileged.  If you are not the intended recipient, you   |
|must not read, use or disseminate the information.  Although this |
|email and any attachments are believed to be free of any virus or |
|other defect that might affect any computer system into which it  |
|is received and opened, it is the responsibility of the recipient |
|to ensure that it is virus free and no responsibility is accepted |
|by Cadwalader, Wickersham & Taft for any loss or damage arising in|
|any way from its use.                                             |
|------------------------------------------------------------------|

 - #108922 v1 - master netting.doc


I had computer problems today, which snarf'd all the addresses that I have
previous e-mailed you folks. None of those previous http address are valid
any more.

So, look to http://24.27.98.30/pictures/index.htm to find a table of
contents of July pictures. I'll try to keep this updated, as new pictures
are posted.

Thanks,

Ram Tackett,  (mailto:rtackett@abacustech.net)
Owner, Abacus Technologies
17611 Loring Lane, Spring, TX 77388-5746
(281)651-7106;Fax(281)528-8636  Web: http://www.abacustech.net

 - Ram Tackett (E-mail).vcf


Per your request, attached are two files with representative articles about
Enron in Japan and Australia.  Please let me know if you need these copies
presented in a different manner or more information.

John


Sara,

Here is the spreadsheet prepared by Tom Moran.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Lynn doctor appt.

Date:		11/20/2000
Time:		12:00 PM - 5:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


User ID:  enronden
PW:        bnaweb22

 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON [mailto:IMCEANOTES-+22BNA+20Highlights+22+20+3Cbhighlig+40bna+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Sunday, June 03, 2001 11:14 PM
To:	BNA Highlights
Subject:	June 4 -- BNA, Inc. Daily Environment Report

______________________________

DAILY ENVIRONMENT REPORT
Highlights & Table of Contents
June 4, 2001
______________________________

ISSN 1521-9402

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

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

DASCHLE SAYS YUCCA MOUNTAIN NUCLEAR WASTE REPOSITORY IS DEAD
ISSUE

Incoming Senate Majority Leader Daschle says his party will
block the proposed Yucca Mountain nuclear waste repository
in Nevada. "I think the Yucca Mountain issue is dead,"
Daschle tells reporters in Las Vegas, where he went to
attend a fundraiser for Senate Majority Whip Reid. Reid
opposes efforts to expedite construction of the Yucca
Mountain facility, which would hold waste from nuclear power
plants. . . . Page AA-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3k4p3_

GROUPS CALL FOR EPA MORATORIUM ON OPEN MARKET EMISSIONS
TRADING

A coalition of 20 environmental groups writes EPA
Administrator Whitman asking her to impose a moratorium on
state "open market" emissions trading programs.  The groups
say the trading programs are unenforceable and impose
disproportionate impacts on minority and poor communities.
"Rather than balancing incentives with enforcement, these
programs simply concede enforcement to market participants,"
the letter states. . . . Page A-2

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3m3q3_

SCIENCE ADVISERS ISSUE FINAL REVIEW OF EPA'S REASSESSMENT OF
DIOXINS

A final report assessing the science EPA used to examine the
risks of dioxins is released by EPA's Science Advisory
Board, allowing EPA to complete its dioxins reassessment.
The reassessment, which has taken more than a decade to
complete, will be used by any EPA office regulating dioxins.
For example, the reassessment is expected to affect a
proposed rule EPA issued setting limits of dioxins in sewage
sludge applied to land. . . . Page A-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j8v2_

DOT SAYS FEDERAL HAZMAT TRANSPORT RULES PREEMPT CLEVELAND
ORDINANCES

Three local ordinances that regulate the transportation of
hazardous materials in Cleveland are struck down in a
Department of Transportation ruling. The Cleveland
ordinances for hazardous material shipment routings,
shipment notifications, and police escort requirements are
preempted under the Hazardous Materials Transportation Act.
. . . Page A-6

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3m1y1_

INTERIOR DEPARTMENT ADVISORY PANEL PROPOSES STUDY OF NEW
OFFSHORE DRILLING

An advisory committee will recommend that Interior Secretary
Norton consider opening certain Outer Continental Shelf
areas for oil and gas drilling in a report expected to be
released this week. The panel will not identify any specific
areas that should be opened to oil and gas exploration, but
instead will ask the Interior Department to make identifying
such areas a priority. . . . Page A-9

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3n9q4_

141 PARTIES TO PAY $668,695 FOR CLEANUP COSTS AT COLORADO
SUPERFUND SITE

EPA and 141 parties that contributed small amounts of
hazardous substances to a Colorado superfund site reach an
agreement requiring the parties to pay a total of $668,695,
according to a notice to be published today. Under the
proposed administrative settlement, 137 private companies
and four federal facilities resolve their liability for past
and future cleanup costs at the Rocky Flats Industrial Park
site in Jefferson County. . . . Page A-9

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3n4z2_

MINNESOTA COMPANY PAYS FINE TO SETTLE ALLEGATION OF
UNREGISTERED PESTICIDE

A Minnesota-based maker of soaps and detergents agrees to
settle allegations that it had sold and distributed
unregistered pesticides. Ecolab Inc., based in St. Paul,
will pay a $277,953 fine to EPA, according to an
announcement from the agency's Region V office. . . . Page
A-11

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3p2x3_

NOMINEE FOR EPA WATER OFFICE MEETS SENATORS IN BID FOR
CONFIRMATION

George Tracy Mehan, President Bush's choice to head the EPA
Office of Water, arrives in Washington to begin meeting with
senators in his bid for confirmation. Mehan is the director
of the Great Lakes Office at the Michigan Department of
Environmental Quality. No date is set for hearings on
Mehan's nomination. . . . Page A-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j9e5_

SOY INGREDIENT SAID TO CAUSE CANCER IN MICE EXPOSED DURING
INFANCY

A natural ingredient found in soy caused uterine cancer in
mice exposed during their infancy, according to a study
scheduled to appear in "Cancer Research". The study found
that organisms exposed during key periods of development to
chemicals that affect hormones may be harmed, says Retha
Newbold, the study's principal investigator. The question of
when to expose organisms to ensure that the adverse effects
of pesticides, industrial chemicals, and compounds in
drinking water are detected is a key issue in a screening
and testing program EPA is developing. . . . Page A-3

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3b9m9_

EPA SEEKS RECOMMENDATIONS ON COORDINATING PESTICIDE, WATER
LAWS

EPA asks its regional offices for recommendations on
coordinating the requirements of pesticide and water laws.
In a memo to regional offices, Stephen Johnson, the acting
assistant administrator responsible for pesticides, and
Diane Regas, acting assistant administrator for water, say
EPA does not have a national policy on how the Clean Water
Act would apply to pesticide applications. . . . Page A-6

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j6g6_

DOT OUTLINES IDEAS FOR FASTER ENVIRONMENTAL REVIEWS OF
AIRPORT PROJECTS

Establishing environmental impact statement teams for major
airport runway projects, increasing the number of federal
environmental specialists, and improving interagency
coordination could speed reviews and reduce air travel
delays, according to a Department of Transportation report
to Congress. The Federal Aviation Administration says an
environmental impact statement for a major new runway
currently takes between three and three and one half years
on average to complete. . . . Page A-5

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2n7z9_

U.K. AGENCY WARNS MILK DRINKERS OF CONTAMINATION FROM ANIMAL
DISPOSAL

Massive bonfires in the United Kingdom for disposal of
cattle in the wake of the recent foot and mouth disease
epidemic may be releasing dioxins into the air,
contaminating surrounding pastures and infecting dairy
animals grazing in the immediate vicinity, the UK's Food
Standards Agency warns. The advisory warning is aimed at
consumers of whole milk, diary farmers, and sheep and goat
farmers who produce milk. . . . Page A-3

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3f6d7_

ANNUAL JAPANESE REPORT STRESSES GLOBAL WARMING, OZONE LAYER

Japan will focus its environment policy on global issues,
including global warming and ozone layer depletion, while
promoting waste reduction, according to the Ministry of
Environment's annual White Paper. The paper says the
Japanese government will implement a broad array of measures
for reducing greenhouse gases. . . . Page A-5

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2u4d8_

NETHERLANDS TOLD TO RESTRUCTURE LIVESTOCK SECTOR TO IMPROVE
ENVIRONMENT

The Netherlands needs to restructure its livestock industry
to achieve environmental, food safety, and animal health
improvements, according to recommendations from a government
commission. The commission says fundamental reforms are
needed to address, among other things, nitrate, phosphate,
and ammonia pollution associated with raising livestock. . .
. Page A-7

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j5v5_

_____________

IN THE STATES
_____________

AIR POLLUTION: The governors of Georgia, North Carolina, and
Tennessee pledge cooperative efforts for improving air
quality in the region. The agreement requires environmental
officials from the three states to develop a multipollutant
strategy that addresses ozone pollution, acid deposition,
and reduced visibility. . . . Page A-8

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3n0r3_

ALASKA: Gov. Knowles says he will continue to push Congress
to approve oil and natural gas development in the Arctic
National Wildlife Refuge. Knowles tells reporters
development can be accomplished without major harm to the
environment or wildlife. Knowles is in Ottawa to lobby
Canadian officials on the construction of a natural gas
pipeline along the Alaska Highway. . . . Page A-4

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2n1g6_

MTBE: A court decision upholding New York's ban on the
gasoline additive methyl tertiary butyl ether was a
significant victory for New York, claims the state's
governor and attorney general. The district court decision
denies a motion for summary judgement by the plaintiff in
the case, the Oxygenated Fuels Association. . . . Page A-2

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j8u3_

TEXAS: Mobil Oil Corp. agrees to pay a $129,600 fine for
alleged air quality violations at its Beaumont refinery.
Texas had accused the refinery of exceeding applicable
nitrogen oxides emission limits. . . . Page A-8

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3m7k2_

_________________

TABLE OF CONTENTS
_________________

LEADING THE NEWS

RADIOACTIVE WASTE
   Yucca Mtn. repository 'dead,' top Senate Democrat tells
   Nevadans . . . Page AA-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3k4p3_

____

NEWS
____

AIR POLLUTION
   Federal court decision on MTBE hailed by New York
   officials . . . Page A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j8u3_

   Governors at summit pledge to improve air quality in
   Southeast . . . Page A-8
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3n0r3_

   Groups call for EPA to oppose open market emissions
   trading . . . Page A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3m3q3_

DIOXINS
   Science advisers issue final review; decade-long study
   nearing end . . . Page A-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j8v2_

   U.K. agency warns whole milk drinkers of contamination .
   . . Page A-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3f6d7_

ENDOCRINE DISRUPTION
   Natural component of soy caused cancer in mice exposed
   during infancy . . . Page A-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3b9m9_

ENERGY
   Alaska governor to maintain pressure to open refuge to
   oil, gas drilling . . . Page A-4
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2n1g6_

EPA
   Water office nominee meets senators in bid for approval;
   no hearing scheduled . . . Page A-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j9e5_

HAZMAT TRANSPORT
   DOT says federal rules preempt Cleveland ordinances . . .
   Page A-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3m1y1_

JAPAN
   Annual report from environment ministry stresses global
   issues, water, automobiles . . . Page A-5
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2u4d8_

NATURAL RESOURCES
   Interior advisory panel proposes study of new offshore
   drilling . . . Page A-9
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3n9q4_

NETHERLANDS
   Government needs to restructure livestock sector,
   commission says . . . Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j5v5_

PESTICIDES
   EPA seeks input from regions on implementing aquatic uses
   decision . . . Page A-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j6g6_

   Minnesota company pays reduced fine in settling
   unregistered product allegations . . . Page A-11
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3p2x3_

RADIOACTIVE WASTE
   Yucca Mtn. repository 'dead,' top Senate Democrat tells
   Nevadans . . . Page AA-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3k4p3_

SUPERFUND
   141 parties agree to pay for cleanup costs at colorado
   site . . . Page A-9
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3n4z2_

TEXAS
   Refinery agrees to penalty in settling allegations of
   illegal air pollution . . . Page A-8
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3m7k2_

TRANSPORTATION
   Ideas for faster environmental reviews of airports
   outlined in DOT report . . . Page A-5
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2n7z9_

WATER POLLUTION
   Proposal would add new discharges to oil, gas extraction
   permit for gulf . . . Page A-9
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3n9u2_

________

CALENDAR
________

CONGRESS
   Legislative calendar . . . Page C-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3r8h2_

PRESIDENT
   President's calendar . . . Page C-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3r8q0_

_________________

REGULATORY AGENDA
_________________

COMMENT DEADLINES
   Due dates for comments on pending rules . . . Page D-4
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2y8n4_

JUNE 4 FEDERAL REGISTER
   Entries from today's table of contents . . . Page D-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3f5r4_

JUNE 1 FEDERAL REGISTER
   Previous day's entries with page citations . . . Page D-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g2y8p6_

______________

TABLE OF CASES
______________

Oxygenated Fuels Association v. Pataki (N.D.N.Y.) . . . Page
A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3j8u3_

   __________
   Daily Environment Report (ISSN 1521-9402) Highlights are
   published daily by The Bureau of National Affairs, Inc.,
   1231 25th St., NW, Washington, DC 20037.

   For account information and changes, contact
   1-800-372-1033 (M-F, 8:30 am-7:00 pm ET)

   To request retransmission or to order a copy of the
   summarized article, contact 1-800-452-7773 or e-mail
   bnaplus@bna.com.

   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.


Bill Williams just talked to Jake, the Sempra trader who did the trade, who
recognized the deal and said he'd speak with Harry and clear it up. In the
meantime, this is a good trade.

Kate

Stephanie Piwetz   04/03/2001 10:47 AM

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

Subject: DEAL 567990.01

Kate,
Deal 567990.01, trader at Sempra, does not show this trade.   Harry from the
backoffice called.
Please ask Leaf.

Thanks
Stephanie


Thank you for visiting GMAC.com.  The information that you requested is listed below. If you have any questions, please contact webmaster@gmac.com.
The following user name(s) are registered to the e-mail address:  jason.wolfe@enron.com. If you need to retrieve the password for a user name please visit:  http://www.gmac.com/remind.asp
jasonwolfe


Good Morning,

Attached, please find the latest issue of our Independent Power Weekly.

 <<IPW051401.pdf>>

Summary:
1. IPPs Fall 0.5%   Last week our IPP composite traded off 0.5%,
outperforming both the NASDAQ (-3.8%) and the S&P 500 (-1.7%).  Mirant was
the strongest performer, rising 7.8%.  AES was the weakest, falling 8.7%.

2. Investors Focus on Calif. Windfall Profits Tax Proposal   On Monday
evening (5/7), the California State Senate passed windfall profits tax bill,
calling for a 100% tax on power sales over $80 per Mwh.  We believe the
proposal should be seen as a negotiating tactic to force generators to lower
prices.  Should the bill get passed in its current form, we believe CPN, MIR
and NRG's exposure is limited by their power sales contracts.  Regardless,
the bill presents interesting federal/state jurisdictional issues, which
could form the basis for a legal challenge.

3. AES: Time for Investors to Take "Another Look"   On Friday, AES hosted a
conference call to address investor concerns regarding Latin America.  On
the call, management reaffirmed its prior guidance for 2001 of $1.75 -
$1.90.    While we acknowledge the risks presented by the Brazilian
situation and the potential for additional negative catalysts, in our view,
given current price levels, now is an ideal time for investors to take
"another look" at AES.  The stock is trading close to its 52 week valuation
trough.  Indeed, we believe it is safe to assume that the market has already
priced-in an earnings disappointment.  AES's 52 week median 2001 P/E is
27.8x.  If we regard this level as AES's normalized valuation, the market is
implying that it will earn about $1.59 in 2001-16% below our base case
estimate and 6% below the bottom-end of management's range of guidance.  See
our FC note issued today for more details.
4. Looking Ahead: Mirant Hosting Analyst Meeting on 5/14 and 5/15   MIR will
host its first major analyst seminar on May 14 and 15 in Atlanta.  We
believe the meeting will be an important catalyst for the stock.  MIR is
currently trading at 22.2 times our 2001 EPS estimate, representing a 17%
discount to the group average.  Since the beginning of the year, earnings
expectations for Mirant have increased by 73%.  We believe MIR's relative
valuation discount reflects investor confusion surrounding the drivers of
the recent upside as well as skepticism surrounding the sustainability of
earnings growth over the next few years.  We believe management will address
these issues at the analyst meeting, which should help close some of the
valuation gap between MIR and its peers.
Regards,

Neil Stein   212/325-4217
Bryan Sifert   212/325-3906

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - IPW051401.pdf


In response to your request, please see attached.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


The source is now LOLO.  Everyone knows.

Please call as described below.

C
---------------------- Forwarded by Cara Semperger/PDX/ECT on 11/13/2000
04:27 PM ---------------------------

Cara Semperger
11/13/2000 03:59 PM
To: Portland Shift, Donald Robinson/PDX/ECT@ECT, John M Forney/HOU/ECT@ECT
cc: Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT
Subject: Curtailments at Lagrande** 2 schedules going real time for 11/14**

Mid C LLH,   we have 2 schedules  that are going real time due to
curtailments at Lagrande

10 MW all LLH,  IPC@ AMPS-EPMI-FCPD(T)BPA(T)HOTSPRINGS/JD O#
10043-EPMI-PGE(T)JD/MALIN O#GF-EPMI-PWX-PWXSC@NP15

15 MW all LLH,  IPC@ AMPS-EPMI-GHPD(T)BPA(T)HOTSPRINGS/JD O#
96083-EPMI-PGE(T)JD/MALIN O#GF-EPMI-PWX-PWXSC@NP15

 IPC knows, PGE trans knows,  PRM said they would call it in to BPA, and PWX
is going to call it in to CISO

Please keep an eye on this and double check with BPA and PGE tranny to
confirm when the time comes.

Thanks,

Cara


Stan,

Here's the latest message points from EEI regarding retail standards.

Jeff
---------------------- Forwarded by Jeff Brown/HOU/EES on 07/19/2000 09:59 AM
---------------------------

"Michael McGrath" <MMcGrath@eei.org> on 07/19/2000 08:28:52 AM
To: <Burrell.G.Kilmer@bge.com>, <geoffrey.green@cmpco.com>,
<JTG@dps.state.ny.us>, "Alice Travis" <ATravis@eei.org>, "Charles Foster"
<CFoster@eei.org>, "Elizabeth Stipnieks" <EStipnieks@eei.org>, "William
Mayer" <WMayer@eei.org>, <jbrown1@enron.com>, <nhetrick@enron.com>,
<Cacquard@erols.com>, <Rbrown@exeloncorp.com>, <jbladen@newenergy.com>,
<refuller@nyseg.com>, <jcunningham@paea.org>, <bbradley@peco-energy.com>,
<bdcrowe@peco-energy.com>, <jmminneman@pplweb.com>,
<craig.glazer@puc.state.oh.us>, <cherie-broadrick@reliantenergy.com>,
<keith-sappenfield@reliantenergy.com>, <deichenlaub@scc.state.va.us>,
<ccraven1@txu.com>, <sharon.b.grove@ucm.com>, <kathy.smith@us.abb.com>
cc:
Subject: Future of Retail UBP

Attached are talking points expressing my view of where we've been and where
we are going.

Comments appreciated!

We will doscuss next steps in the Advisory Cmte conference call tomorrow.

Thanks
  -Mike

 - UBP.advcmte.talkingpoints.doc


I am trying to compare the CA1 doc with the CA doc.   Thanks for your help.


Once again, it's time to find out what you think about your work experience
at Enron and what we can do to help make it better.  That's why we want to
check your pulse.  In fact, we've changed the name of last year's "Excellence
Through Communication" employee survey to The Pulse.  We believe The Pulse
more accurately captures the purpose of the survey.  Your diagnosis will help
us correct problem areas so we can continue to make Enron a great place to
work.

Is available:  Monday, October 16 ) Friday, Oct. 27
Is located at: survey.enron.com

There are a few things we want you to remember about The Pulse:

1. Your survey responses will be confidential.  You can complete your survey
at your desktop or at special computer kiosks that are set up in some of our
larger offices.  Several group computer terminals also will be available in
smaller field offices.  We want to provide you with the most comfortable
environment possible, as your participation is of vital importance to us.
2. We will respond actively to your comments.  We are going to do our best to
cure some of the current problems that exist and put into action preventative
processes that will help identify smaller problems before they become major
ones.  We may ask for your help in resolving some of the issues that are
collected in the survey ) your active role will help us identify the best
solutions.
In last year's survey, you identified several problem areas regarding
internal communications and we've already acted on many of your
recommendations.  These are a few of the things we've accomplished or are
working on in direct response to your input:
1. Require all executives (VP and above) to attend the Executive Impact &
Influence course, which is a 360-degree program designed to improve
leadership and communication skills.  By year-end, more than 90 percent will
have attended this course, with the remaining 10 percent to be trained in the
first quarter of 2001.
2. Offer all employees online communication courses.  These courses will be
available in the first quarter of 2001.
3. Improve our online communication tools, beginning in the fourth quarter,
2000:
   w Simplify and standardize Enron directories
   w Educate all employees about the availability and usage of IT tools.
   w Promote intelligent/responsible use of email.
4. Introduce Participation & Dissent (P&D) sessions to provide a vehicle for
solving problems, addressing issues and developing new opportunities.  This
application will launch in the first quarter of 2001 in the ThinkBank on
eThink.

So take a few minutes to check your pulse and tell us what you think and how
you feel about your job and about Enron.


I would add to what Teun says below a good lesson from California for the
Dutch: Disconnect the functioning of the retail and wholesale markets at your
peril. If bad regulatory/ political  intervention gets in the way of
participation by new and old players in both on a level playing field,
fingers will get burnt. In the Netherlands the incumbent generators and
vertically integrated distributors have been given unfair advantages in a
non-transparent manner in the wholesale market, whilst enjoying more or less
guaranteed prices in the retail market. New entrants/ importers got squeezed
and most consumers have not yet enjoyed the full benefits of liberalisation.
Incidentally, in both California and the Netherlands there was excessive
political trumpeting of the benefits and of the enlightenment of policymakers
in advance, followed by a mess in practice.

---------------------- Forwarded by Peter Styles/LON/ECT on 08/06/2001 18:50
---------------------------
From: Teun van Biert/Enron@EUEnronXGate on 06/06/2001 10:05
To: Nailia Dindarova/LON/ECT@ECT, Peter Styles/LON/ECT@ECT
cc:

Subject: FW: Bullets re California in the NL?

Email below was sent to both of you on Monday evening.

 -----Original Message-----
From:  Van Biert, Teun
Sent: maandag 4 juni 2001 21:08
To: peter.styles@enron.com; nailia.dindarova@enron.com
Subject: Bullets re California in the NL?

Peter, Nailia,

Today Dutch bank holiday, heard nevertheless your voicemail, please find
below initial thoughts in bullet format:

Why California cannot happen in the Dutch market:

? Plenty installed capacity available
Available import capacity about 30% of total demand
Price cap for distco's based on real quarterly purchase portfolio and
industry average index

Why California nevertheless -in the longer run- can happen:

? CHP plants are closed down and large generators are shutting down plants
Lack of grid system transparency with regards to importcapacity, operational
aspects of the grid, balancing market etc. Biased signals to the market.
Market structure with limited number of players therefore lack of
competition. Prices do not reflect underlying market supply and demand ratio.
Therefore new entrants are hesitating to add new assets to the market.
Environmental and spatial permits are time consuming processes. (e.g.
National Government faces large resistance of local authorities against the
siting of windmills). Governmental Policy aims at state of the art technology
of new additions to the powerplantmix. Environmental Impact Report often
necessary.

Teun


She doesn't have the signed confirm back yet. Sharen asked me about it a few
weeks ago, and Holli told me she'd send it to the confirms group as soon as
she got it. She's talking to her contact there right now to find out what's
going on. I guess she's getting a little fed up of beating around the bush
with these guys - so hopefully she'll get some concrete answers from them
today. I'll let you know whatever we find out this afternoon.

Thanks,
Kate

Stephanie Piwetz   02/26/2001 01:32 PM

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

Subject: PUD Grant County Confirms

Kate, can you please ask Holli if she has a copy of the following
confirmation(s) Deal 420554.01, 420563.01 (probably confirmed together).
Sharen Cason worked on the confirmation letter, but we never received a copy
for our records.  Can you please send us a copy of the Confirmation Letter so
we can properly scan the document in our system.  Thank you for your help.
Stephanie
713-646-2443 fax


Hey Darren,

It's funny you mentioned Wilson because I just got an email from him this
morning.  He seems to think he'll be in Houston in the near future as well.
Hopefully, we can all get together and go out or hit steak night for some
cold ones.  So H-town for six weeks hugh?  Why the mixed feelings?  Are they
work related or were you just starting to get settled in London?  Anyway,
I'll have to give Nick a call about the big news...I may have an idea what
it's all about but then again maybe not.  So what's with this Kiwi girl?
Because, I actually have made some progress regarding London.  Turns out
there may be some structuring and originating opportunities for me over there
which would be much more in line with where I'd like my "career" to be going
versus the other opportunities I was being offered.  Either way, I won't be
going over until March or April of next year so it's still a ways off.

As for the guy scene...yes, there has been some courting but nothing really
to speak of.  I've gone out on a couple of dates but I can't say I really see
them going anywhere.  Most of the guys around my age are still pretty
insecure and I'm never going to be the kind of girl that wants to "shape and
mold them" into men...I just don't have the patience or the inclination.  And
the other end of the spectrum (single guys in their late 30's/early 40's) who
seem to hover around like gnats just give me the creeps.  Oh well, as I've
said before "hope springs eternal".

Talk to you soon,
Susan

Darren Maloney@ENRON
11/20/2000 09:53 AM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Hello from Soon to be Houston

Sue,
How are you?  What's new in H-town?  Any new guys on the scene--doing
their 'courting'?  I will be coming back to Houston for 6 weeks in a week!
Actually kind of excited--mixed feelings though.  So, Nick has some big
news that I think would only be right for you to hear from him.  An aside,
if you come to London, I know a fun Kiwi girl that wants to move closer to
work--just looking out for you Susan.  Made any progress on getting over
here?

Hopre you are well.  I'll call you when I get into town.
--Darren


Jeff wouldn't be able to leave until late the 23d or early on the 24th and
would need to be back by late on the 27th


_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - 10-15 1600 Report.xls


Vince,

Do you want me to do this, or Vasant?

--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 04/10/2001
02:57 PM ---------------------------
From: Anne Labbe/ENRON@enronXgate on 04/06/2001 09:57 AM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Sevil Yamin

Stinson,

I am the new HR generalist for the research group because Norma Villarreal is
moving to Business Analysis and Reporting.  Earlier this week, Norma and I
met with Vince, and he said that he was going to talk to you about writing up
a list of Sevil's projects/ accomplishments for last year and this year, so
that we can give her a project bonus since she did not receive a bonus during
the normal PRC time.  At your earliest convenience, will you please email me
this list so that I can get started putting together all of the paperwork so
that she can receive a check on April 16th.

If you have any questions, please feel free to contact me at 5-7809. I look
forward to meeting you, and the rest of the group next week at Vince's staff
meeting.

Thanks,
Anne Labbe'


- 1-975971064.XIF


Jeff:
The trade did go in yesterday to book "oil-price-spec".  If this is not the right book, email or call.
john


Sheila,

I should have sent this to you as well.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/06/2000 04:20
PM ---------------------------

Kay Mann
11/03/2000 05:19 PM
To: Dale Rasmussen/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT
cc:

Subject: Blacklines, etc for GE Form Turbine Agreement

---------------------- Forwarded by Kay Mann/Corp/Enron on 11/03/2000 05:19
PM ---------------------------

"FAYE STEDMAN" <STEDF@andrews-kurth.com> on 11/03/2000 05:01:29 PM
To: <kay.mann@enron.com>
cc: "Chris Cobb" <COBBC@andrews-kurth.com>, "PAUL PIPITONE"
<PIPIP@andrews-kurth.com>, "PETER THOMPSON" <THOMP@andrews-kurth.com>

Subject: Blacklines, etc for GE Form Turbine Agreement

At the request of Peter Thompson, attached please find the blacklines of the
GE Form Turbine Agreement, the first showing changes from version 1 to
version 5; the second showing changes from version 3 to version 5.  Also
attached please find Exhibit N-3 as well as a memo summarizing questions and
comments pertaining to the agreement.

If you have any questions or comments, please feel free to call Peter
Thompson at (202) 662-2780 or reply via e-mail at pthompson@akllp.com.

 - 82651_1.DOC
 - 554888v3-v5.DOC
 - 554888v1-v5.DOC
 - 82660_1.DOC


I haven't had a chance to look at this yet but here it is.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 02/08/2000 06:06
PM ---------------------------

Paul Simons
01/27/2000 12:31 PM
To: Mark Taylor/HOU/ECT@ECT
cc: Omer Muftuler/LON/ECT@ECT
Subject: EnronOnline - Documentation

Mark

As per my voice-mail, here is a raft of GTCs including the US version.  The
US version take on board S &C's comments, but obviously you will need to sign
off on the US GTCs before we go live.  Grateful for any final comments asap
as we are aiming to finalise them on Monday.

Many thanks and sorry its not much of a birthday gift (I'll make it up to
you)!

Regards

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 27/01/2000 18:25
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Brown, Gavin" <Gavin.Brown@SlaughterandMay.com>
    25/01/2000 23:23

To: Paul Simons/LON/ECT@ECT
cc: "WARNA-KULA-SURIYA, Sanjev" <Sanjevwks@SlaughterandMay.com>, "RANDELL,
Charles" <Charles.RANDELL@SlaughterandMay.com>, "Petch, Tolek"
<Tolek.Petch@SlaughterandMay.com>

Subject: EnronOnline - Documentation

SLAUGHTER AND MAY
35 Basinghall Street, London EC2V 5DB
TEL: +44 (0) 171 600 1200     FAX: +44 (0) 171 600 0289

This e-mail message is CONFIDENTIAL and may contain legally privileged
information.  If you are not the intended recipient you should not read,
copy, distribute, disclose or otherwise use the information in this e-mail.
Please also telephone or fax us immediately and delete the message from your
system. E-mail may be susceptible to data corruption, interception and
unauthorised amendment, and we do not accept liability for any such
corruption, interception or amendment or the consequences thereof.

A list of the partners and their professional qualifications is available
for inspection at the above address.  The partners are either solicitors or
registered foreign lawyers.

____________________________________________________________________________
__________
Dear Paul,
I attach the Swedish, Swiss, US and UK GTCs.
Kind regards,
Gavin Brown

 - CA003672719_7.doc
 - CA003672720_7.doc
 - CA003672721_7.doc
 - CA003672492_14.doc


I'd like to invite you all out for Mexican food for lunch on Friday to
celebrate the conclusion of the August Mexico project.

Mark


Travis,
 Peter Keohane was the attorney who was working with PG&E to put a contract
in place similar to what ENA agreed to.  I have not seen any amendments
proposed by PG&E, did they get omitted from my email?  I am attaching the
proposed amendment which I had forwarded to PG&E last year to enable them to
trade on Enron Online.
Please let me know if you need anything further.

	Travis McCullough
	03/13/2001 07:25 PM

		 To: jklauber@llgm.com, jlhuemoe@llgm.com, Elizabeth Sager/HOU/ECT@ECT, Dan J
Hyvl/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mark Powell/CAL/ECT@ECT
		 cc:
		 Subject: PG&E gas sales

PG&E made a proposal to John Lavorato and Bill Bradford today to secure some
additional gas supplies from ENA and Enron Canada.  I am faxing a copy of the
presentation and relevant documents to each of you.  I think that this is a
deal that we are interested in looking at.

John and Jim, I think the only question we will have for you immediately are
the bankruptcy implications associated with the advance payments.  PG&E
claims there are none (of course).

Dan, since you reviewed the original PG&E (Core) Master Agreement, can you
review the proposed amendments to that Master?

Mark -- I don't think Enron Canada is a party to the PGE Master.  Can you
take a look at the form ENA executed and see if there is any reason why Enron
Canada couldn't execute the same form?

Note that PG&E also wants to be re-established to trade on EnronOnline.  I
understand the only impediment to that is that the masters need to be amended
to provide that Enron, not PG&E, is the confirming party, and that we were on
our way to documenting those amendments when this all blew up a few months
ago.  Dan, can you resurrect those amendments so we can see if we can weave
them into these amendments?

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3893
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Attached for your review in the Gallup Transaction are the following
documents:

 1.  Assignment and Contribution Agreement - Assignment operational documents
and rights in assets from ECS into the LLC

 2.  Engineering, Procurement, and Construction Agreement -  Defines
relationship between ECS and Enron Engineering and Construction   Company for
installation of the motor driver at Gallup.  This document will be assigned
into the LLC except for that portion which relates to the electric power
transmission line.  The utility will take ownership of the transmission line
per the power purchase agreement.

Also forwarded via hard copy yesterday, was the executed Power Purchase
Agreement.  Please let me know if you have not received this yet.

I will shortly email the form of gas purchase agreement between the LLC and
ECS.  This will merely be a new Confirm (Transaction Agreement "C") which
will operate under the existing Enfolio Master Firm Purchase Agreement
between ECS and the LLC which was created for Kachina.


Keegan, I think the attached is a Word Perfect File.  Can you try to convert this file to an MSWord file.  Thanks.

 -----Original Message-----
From: 	"P. Keith Daigle" <pkdaigle@neosoft.com>@ENRON [mailto:IMCEANOTES-+22P+2E+20Keith+20Daigle+22+20+3Cpkdaigle+40neosoft+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, August 14, 2001 4:26 PM
To:	Nemec, Gerald
Subject:	Sale of Assumption parish property  Our File ENR-02

Gerald:

Attached is my draft "Purchase and Sale Agreement" based on the form
used in Texas.  The following are the major revisions which I made:

1.  I put the property description in the body of the agreement.  It is
short enough and I find this prevents problems which occasionally come
up when using Exhibits.  I also added a blank for the municipal address
of the improvements.  This is required by Louisiana law, IF the property
has an address.

2.  In paragraph "1"  and in the Act of Cash Sale, I added a reservation
of mineral rights.  If you are not concerned about this it can be taken
out.

3.  In paragraph "3"  I added language specifically waiving buyer's
claims under the Louisiana laws of Redibition  which are specific legal
warranties.

4.  I changed paragraph "5" to limit buyer's indemnity to matters
arising after the closing date.

5.  In paragraph "7"  I added a provision to allow the arbitrator to
order specific performance.  I also added provisions allowing the
parties to enforce the arbitrator's orders in court, and allowing the
parties resort to the courts for injunctive relief, if necessary.

6.  I added a provision for awarding attorney's fees in paragraph "13".

7.  I added paragraphs "12", "14", & "15" which are helpful boilerplate.

8.  I added Paragraph "16" to provide a drop dead date.  The length of
time is purely arbitrary.

Please call or e-mail me with any questions.

Would you like me to handle the closing also?

Keith

 - PURCHSALAGR