Yes, yes, but the CPA wants to build plants to fill that net short, so it's NOT good.

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Monday, October 22, 2001 11:33 AM
To: Dasovich, Jeff; wbooth@booth-law.com; dominic.dimare@calchamber.com;
cra@calretailers.com; ek@a-klaw.com; mikahl@ka-pow.com;
jrredding@aol.com; drothrock@cmta.net; vjw@cleanpower.org;
djsmith@s-k-w.com; dhunter@s-k-w.com
Subject: RE: Angelides Oct. 19th Letter to L. Lynch Urging July 1 DA
Suspension Date

FYI.  Note below that even the mighty and powerful Power Authority's own
crackerjack analysis asserts that there is still a net short (despite
DWR contracts and DA "stampede"), which should leave one to believe
that, contrary to Angelides' letter, the more the DA the better. Which
further supports Loretta Lynch's response to the Angelides' letter that
DA reduces the amount of spot power DWR has to buy.
Best,
Jeff
CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY
Pace of Power Authority Renewable Portfolio Agenda is Slowed
Quite possibly the most significant action taken at the October 19
Consumer Power and Conservation Financing Authority (Power Authority)
was its inaction on contracts proposed for approval. The Power Authority
has aggressively pursued a broad renewable portfolio, with the intent to
approve contracts as soon as possible.
Instead of approving a number of contracts on its October 19 agenda, the
Power Authority deferred calendared decisions on request for bids until
its November 2 meeting, acknowledging that no action can be taken until
the Department of Water Resources (DWR) rate agreement stalemate has
been resolved.
Chairman Freeman stated that the Public Utility Commission's rejection
of the rate agreement has created an obstacle for the Power Authority to
exercise renewable contracts, to contract for peaker generation and/or
to implement demand side programs. The Power Authority relies upon DWR's
credit to fund these programs, and until a rate agreement is finalized
the Power Authority cannot sign contracts.
Freeman indicated that the Power Authority has signed letters of intent
to purchase output from 14 biomass facilities in the Central Valley, as
well as 400 MW generated by wind.
With the Current Glut of Contracts, Why Do We Need Additional Reserves?
Kellan Flukinger, Senior Advisor to Chairman Freeman and Laura Doll,
provided a detailed presentation explaining why he believes the Power
Authority must contract for additional renewable and peaking generation.
Flukinger believes that despite direct access and the current glut of
electricity supplied in long-term contracts, there still appears to be a
net short of a few thousand megawatts within the State.
Flukinger concluded that the State still is at the mercy of electric
generators who are not subject to PUC regulatory authority and who have
no real obligation to build and maintain new facilities or to serve
customers within the State. He believes that the short-term contracts
and spot purchases leave the state vulnerable to price-spikes and supply
shortages. He believes that the reserve can be managed through
Time-of-Use and Real-Time-Pricing, conservation, interruptibles, demand
side management, renewables and peakers.
Power Authority Names William Barry as Chief Financial Officer
William Barry was approved as Chief Financial Officer of the Power
Authority at its October 19 Board meeting in Sacramento. Mr. Barry
currently works for the City of San Francisco, and has worked in the
past for the New York Power Authority.

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


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	<TITLE>Weather Inbox</TITLE>
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                Mike's weather for 12/26/2001

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                Local Outlook for

                Houston, TX

								5 DAY FORECAST

                              Hi

								Lo

                Today

                Sunny

                   57°F

                   35°F

		    Thu

                Sunny

                   63°F

                   49°F

		    Fri

                Partly Cloudy

                   65°F

                   45°F

		    Sat

                Partly Cloudy

                   61°F

                   39°F

		    Sun

                Partly Cloudy

                   55°F

                   36°F

                            DETAILED FORECAST

                        Today:	 Sunny. High around 57F. Winds N to NW 10 to 15 mph.

                        Tonight:	 Clear. Low near 35F. Calm winds.

                        Tomorrow:	 Sunny. High near 63F. Winds S 5 to 10 mph.

                        Tomorrow night:	 Partly cloudy. Low around 49F. Light S to SE winds.

						WEATHER HEADLINES

					Possible East Coast storm

					The snow continues to fly around the Great Lakes, but eastern New Englanders are looking south for brewing trouble

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I have received confirmation that Community Relations can contribute
$416,666.50 annually over the next three years toward this Rice University
commitment. Please let me know the details of when you would like the first
payment to be made, to whom the check needs to be made payable, etc. Thanks!

Regards,

Charla

Steven J Kean@EES
05/29/2000 07:17 AM
To: Charla Stuart/Corp/Enron@ENRON
cc:

Subject: Re: Multi-Year Commitment to Rice University

Thanks for the message.
The actual commitment is $5 million spread over three years beginning in
2000.  The EBS deal covers about half of this but I don't think they are
contributing out of their budget.  If Community Affairs can cover the amount
you set forth in your message, I will talk to Ken about covering the
remainder out of a general corporate budget.

Charla Stuart@ENRON
05/26/2000 04:07 PM
To: Steven J Kean/HOU/EES@EES
cc: Maureen McVicker/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Misha
Siegel/Corp/Enron@ENRON, Amy Lee/Corp/Enron@ENRON
Subject: Multi-Year Commitment to Rice University

Steve, spoke with Cindy and it is our understanding that the $2.5MM
commitment to Rice will be split between EBS and Community Relations and
spread over three years. This translates into a total annual Enron commitment
of $833,333, and an EBS and Community Relations annual commitment of
$416,666.50 each.

We are excited about our new partnership with Rice and the business
opportunities that this partnership brings to Enron. We would greatly
appreciate your clarifying two points:  1) Do we have the financial
parameters of the Enron commitment correct?   2) Is this commitment scheduled
to begin in 2000 or in 2001?

Please respond at your earliest convenience. Feel free to contact me at
X-36202 if you wish to discuss this further. I look forward to hearing from
you soon. Have a great Memorial Day holiday!

Regards,

Charla


Mark,

Here is my project list:

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com


---------------------- Forwarded by Don Miller/HOU/ECT on 10/23/2000 03:28 PM
---------------------------

	From:  Mitch Robinson @ ENRON                           10/23/2000 03:23 PM

To: Benjamin Rogers/HOU/ECT@ECT
cc: Ross Newlin/HOU/EES@EES@ECT, Don Miller/HOU/ECT@ECT, Gus
Eghneim/Corp/Enron@Enron
Subject: Re:

Gus -

Many of these are environmental in nature.  Can you take a first stab?

Thanks,

Mitch

Benjamin Rogers@ECT
10/23/2000 03:19 PM
To: Mitch Robinson/Corp/Enron@Enron, Ross Newlin/HOU/EES@EES
cc: Don Miller/HOU/ECT@ECT

Subject:

Here are more questions from Allegheny.  I broke these out based on the
facilities.
Thanks!
Ben


Kay,

Only comment is the RE: line.  Perhaps change to something like "Interim
Letter Agreement Continuance to June 15, 2001."  Dave is clear on this as
well.  No other comments.  Thanks

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 8:00 AM
To: Rorschach, Reagan; Fairley, David; Kroll, Heather
Cc: Sacks, Edward; May, Tom; Coulter, Kayne
Subject: Extension letter

1st thing 1st.  Here's a draft of the extension letter:

 << File: MDEA ILA extension May 29.doc >>

Kay


Due to the slowdown in trading,   I will be concentrating on leaving positions for RT to trade around.
These will keep you in the market and give some flexibilty and decision making responsibility.    This will make more sense,  once you inherit the position.

The following positions need to be watched for monday:

1.     We are short to Mirant (on behalf of Frontera) for hour ending 6 only.     We need to buy 50 mw's and schedule this with Mirant Real Time.
They are expecting and have agreed to this trade.   This is energy that Frontera owes them on a prescheduled basis.

If you are working Sunday night,   check in early with Mirant to make sure they are aware of this trade.   It is very common that they get a bad "handoff" and are unaware of this transaction.     Give them plenty of time to work this out.

We schedule this in the portal as a buy from X  and a sale to Mirant.    In Enpower,  buy from X and sell to Frontera (under the Teco Services book).   Enter this as a flat transaction,  ie buy for $20 and sell to Frontera for $20.

2.    The Ercot Asset book is long 5 mw's for offpeak Monday at $11.25.    Sell this or leave to the pool, as necessary.     I will be long this power offpeak for the balance of next week 10/16-19.

I think that Saturday morning will come in strong, as we are getting some cooler weather.    I think also that some larger units are coming off line,  which will put upward pressure on the offpeak.

Each member of the group needs to tell me what positions they want.       Next day onpeak is trading for $20.5,  offpeak is trading $11.25.
Where is the value???   Lets  trade it up!

JMF


Hi all:

I am glad to announce that due to the great sales results, the
deadline for student tickets to SF Symphony concerts is extended to
10/28/00! So if you missed the previous date, you have more than a week to
sign up! Please see the end of this email for details.
I'll now she my "wolf-skin" as a marketer, and share a few personal
notes here re classical music:

-Why classical, when early Beatles is quite cool to my ears?
* Lovely sounds. Such as the strings in a well-played "Four Seasons",
or the spacious trumpet sound in John Williams.
* Emotional appeal. You find expressions of emotion that are simply
impossible in words.
* Beauty of composition. A good score is like a maze of accoustic
wonders.
* You already like it. Many of us don't realize how common our
encounter with classical music is. Do you know the title music in Kubrik's
"2000: Space Odyssey" is from Wagner? Or Hitchcock's music score inspired by
Stravinsky?
* Enjoy pop music more. For example, Pink Floyd.

-Why concerts, when CDs are readily available?
* The sound wth its full depth, and the atmosphere. For those of you
who are not familiar with orchestral music, a concert, where you can relate
the sound to the sight of various instruments working, is the best learning
opportunity. A sense of magic comes from this aural-visual relation. I
myself got hooked to it by reluctantly going to my first LA Philharmonic
concerts when I was in grad school.

-I am still not convinced. Give me one good reason, really...
* Well, even if you hate the concert, the very experience gives you
the "hands-on" confidence to say, "Classical music is bonk"!

Now, details:

Subscribe to the San Francisco Symphony's 2000-2001 season and save up to
60% off full-price tickets!

Subscribing to the San Francisco Symphony as a student means that you
purchase a package of six concerts for half the price. (Subscribe to a 12-
or 24-concert package, and save nearly 60%.) Symphony subscriptions start at
only $14 per concert, and you can purchase two subscriptions with one
student ID.

This year's highlights include:
Mahler's Symphony of a Thousand
Dvorak's Cello Concerto
Ravel's Bolero
MTT's world-renowned interpretations of Stravinsky and Copland

Soloists include:
Violinists Itzhak Perlman and Sarah Chang
Pianists Lang Lang and Andras Schiff
Percussionist Evelyn Glennie

Hayes Valley, the neighborhood surrounding Davies Symphony Hall, is full of
restaurants and bars in every price range to make your evening complete.
BART and MUNI both stop only a few blocks away (and the concerts end by
10pm), so taking public transportation is easy.

Many San Francisco Symphony concerts were sold out last season, but student
subscribers already had these hard-to-get tickets in hand, and they paid
just half-price. To order your tickets or to receive a free brochure, call
Symphony Ticket Services at (415) 864-6000, or visit us online at
sfsymphony.org for information.

Deadline to order: October 28.


Like the ideas, ill be in tomoorow, let's chat then.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Elizabeth,
Below are examples of how the product Long & Short Descriptions will be
displayed on EnronOnline,
Please let me know if you have any comments,
Thanks
Carlos


Richard and Bill,

The following clean up needs to be done before we finalize our pre-trial
materials due 7/3/01:

          1.  Interview Enron employees Paul Pizzolato, Chris Helfrich, and
Jim Easter to ascertain (a) whether they have sufficient memory of the NSM
transaction that we should add them to our witness list to strengthen our
testimony about the quality and quantity of Enron's due diligence and (b)
whether they have any documents or computer files that should have been
produced earlier in response to the basic document requests in the case.
(This is not an entirely defensive exercise; Pizzolato or Helfrich might have
computer models that would strengthen our case.)

          2.  Go back to Ray Bowen and find out if he/ECM has documents
relating to NSM.  We asked him before, but he never responded.  Jim Easter
might know the answer to this question, if he is still in ECM

          3.  Talk to Chris Hunt to ascertain whether he or someone else in
his (former?) group should be added to our witness list to discuss due
diligence carried out by Enron International.

          4.  Figure out how we can prove with admissible evidence the precise
amounts of all of Enron's investments in NSM and the identity of the
particular Enron entity making each of those investments.  I have pieced most
of the necessary facts together from McDonald documents and a privileged Akin
Gump memo.  This will not do at trial, unless everyone stipulates to the
facts, which I would not count on.  I know it sounds simple, but we need a
witness on this point and records to back him/her up.

          5.  Consider whether we need to include someone from Bear Stearns,
ECT Securities' clearing firm, on our witness list.  We have to prove that ECT
Securities did not purchase or sell any NSM securities.  Donna Lowry (or
possibly Kevin) may be able to flat out testify to this, but it would be a lot
better to back her/him up with account records.  Donna has recently obtained
the necessary records from Bear Stearns; but, unless everyone will stipulate
to admissibility of these records, I am not sure that Donna alone can get them
in.  We may need a Bear Stearns person.  Maybe we could just list such a
person generically on our witness until we see if the parties will stipulate.

Bill, a number of these matters may still be open when I leave in a week, so
you will have to follow up (unless the 7/3 deadline gets extended on 6/21).
Jonathan Goldblatt can help.  Typically, Richard likes to talk with any
present or former Enron employee before we do.

Steve

                   ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
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Lets plan on 10:00.  Greg

 -----Original Message-----
From: 	Miller, Mary Kay
Sent:	Monday, November 19, 2001 5:22 PM
To:	Rapp, Bill; Pavlou, Maria
Cc:	Kilmer III, Robert; Porter, Gregory J.; 'fkelly@gbmdc.com'; McConnell, Mark; Harris, Steven; Kirk, Steve
Subject:	RE: answer to cpuc protest

How about 9:30 or 10??MK

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Monday, November 19, 2001 5:12 PM
To:	Pavlou, Maria; Miller, Mary Kay
Cc:	Kilmer III, Robert; Porter, Gregory J.; 'fkelly@gbmdc.com'; McConnell, Mark; Harris, Steven; Kirk, Steve
Subject:	RE: answer to cpuc protest

What's a good time for everyone? I'm open in the morning.

 -----Original Message-----
From: 	Pavlou, Maria
Sent:	Monday, November 19, 2001 4:55 PM
To:	Miller, Mary Kay; Rapp, Bill
Cc:	Kilmer III, Robert; Porter, Gregory J.; 'fkelly@gbmdc.com'; McConnell, Mark; Harris, Steven; Kirk, Steve
Subject:	RE: answer to cpuc protest

I think we could wind this up with a quick conference call tomorrow a.m.  Greg and I had some additional thoughts on how to handle the issue that this contract is not for 40% of primary capacity - it is not like an El Paso/Dynegy, Enron or El Paso deal without necessarily getting into the alternate issue of sham transactions.  Also, Kathy R. checked and as of today, IS have not filed a protest.  Maria

 -----Original Message-----
From: 	Miller, Mary Kay
Sent:	Monday, November 19, 2001 3:13 PM
To:	Pavlou, Maria; Rapp, Bill
Cc:	Kilmer III, Robert; Porter, Gregory J.; 'fkelly@gbmdc.com'; McConnell, Mark; Harris, Steven; Kirk, Steve
Subject:	RE: answer to cpuc protest

 Attached are some addtional comments and questions in regard to this answer.  MK

 << File: RP97-288cpucmk.doc >>

 -----Original Message-----
From: 	Pavlou, Maria
Sent:	Monday, November 19, 2001 11:18 AM
To:	Rapp, Bill
Cc:	Kilmer III, Robert; Porter, Gregory J.; Miller, Mary Kay; 'fkelly@gbmdc.com'; McConnell, Mark; Harris, Steven
Subject:	answer to cpuc protest

Bill, attached are a few comments/questions on your proposed draft answer, which I thought was excellent.  We might want to discuss some of these questions with the ccs.  Thanks, Maria

 << File: RP97-288cpuc.doc >>


Attached are ClickPaper approvals for December 7, 2000.


---------------------- Forwarded by Victor Guggenheim/HOU/ECT on 03/05/2001
02:40 PM ---------------------------

	Enron North America Corp.

	From:  Victor Guggenheim                           07/17/2000 10:27 AM

To: Gary Stadler/HOU/ECT@ECT
cc:
Subject: Book Request

Gary,

I need to get you to set up another book for me.  If you have any questions
don't hesitate to ask.

Thank You,

Victor


Brian,
     I didn't hear back on the PPA for Julie Armstrong.  Is it scheduled to be paid?

Dan


---------------------- Forwarded by Pushkar Shahi/HOU/ECT on 06/05/2000 10:13
AM ---------------------------

James Richardson@ENRON_DEVELOPMENT
06/02/2000 11:41 AM
To: Pushkar Shahi@ECT
cc: Rajesh Chettiar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Gaza Intercreditor Agmt

Can you please have your lawyers look at this draft of the intercreditor
agreement?  There are references to the hedging counter party as well as the
ISDA Master Agreement.  We need to know if any of the language is
objectionable so this document can be finalized next week.

Thanks,

JR


Teco Tap       20.000 / Enron ; 100.000 / HPL Gas Daily


UC Berkeley Entrepreneurs Forum
Thursday, November 30, 2000
6:30 PM
Haas School of Business
Andersen Auditorium
__________________________________________________________________

Topic:??????????Bricks to Click in the New Internet Reality: How to Shorten
the Path to Profitability
Speakers:??????Dan Beldy, Hummer Winblad Venture Partners, Todd Dunnina and
Brian Dunning, co-founders, Buylink, Inc.
Learn more about how leading venture capital firms choose their investments
and how those firms position themselves to attract such investment.
????????

Registration: There are special rates for faculty and staff. Faculty and
staff are encouraged to pre-register by E-mail.

Note registration procedure for students:
a) in person with cash or check in room F450, weekdays 9AM to 4PM.
b) with MC/Visa over the phone, please call (510) 642 4255

The fee for pre- registration is $5. There will be a $10 registration fee at
the door. Note: On-site registration is subject to space available. Pre-
registration for students and staff closes at 4PM on Tuesday, November 28 or
earlier if it is sold out.

Information:
For more information on the series, please visit our Website at
http://www.haas.berkeley.edu/~lester/bef.html


---------------------- Forwarded by Larry F Campbell/NA/Enron on 01/31/2001
03:13 PM ---------------------------

"chi nguyen" <chi325@hotmail.com> on 01/31/2001 02:29:32 PM
To: Diana_Sanchez@enron.net, LLam21@hotmail.com, Dudley@ceimail.com,
s_trevino25@hotmail.com, erin@tisd.net, SaraG@houston.rr.com,
sahar3@hotmail.com, julsvu@hotmail.com, mqdo@yahoo.com, sarahmyu@hotmail.com,
Lomani26@CS.COM, VUSTA@AOL.COM, lcampbel@enron.com, bobaymon@aol.com,
sy@telescan.com, yellonero@aol.com, grace0706@yahoo.com, mluu219@hotmail.com,
pon_v@email.msn.com
cc:

Subject:

>From: "Tran, Yen" <YenT@Palacios.k12.tx.us>
>To: "Blackwell, Teresa" <TeresaB@Palacios.k12.tx.us>, "Erdelt, Mary
>Kathryn" <MaryE@Palacios.k12.tx.us>, "Erdelt, Andy"
><AndyE@Palacios.k12.tx.us>, "Fiorini, Cathy" <CathyF@Palacios.k12.tx.us>,
>"Huffman, Yvette" <YvetteH@Palacios.k12.tx.us>, "'chi325@hotmail.com'"
><chi325@hotmail.com>
>Date: Wed, 31 Jan 2001 10:24:11 -0600
>
>
>
> > > Subject: Proof
> > >
> > >
> > > > >>
> > > > >> > > Recently, at a theological meeting in Rome, scholars
> > > > > > > had a heated debate on this subject. One by one, they
> > > > > > > offered their evidence:
> > > > > > >
> > > > > > > THREE PROOFS THAT JESUS WAS MEXICAN:
> > > > > > >
> > > > > > > 1. His first name was Jesus
> > > > > > >
> > > > > > > 2. He was bilingual
> > > > > > >
> > > > > > > 3. He was always being harassed by the authorities
> > > > > > >
> > > > > > > But then there were equally good arguments that.......
> > > > > > >
> > > > > > >
> > > > > > > JESUS WAS BLACK 1. He called everybody "brother"
> > > > > > >
> > > > > > > 2. He liked Gospel
> > > > > > >
> > > > > > > 3. He couldn't get a fair trial
> > > > > > >
> > > > > > > But then there were equally good arguments that.......
> > > > > > >
> > > > > > >
> > > > > > > JESUS WAS JEWISH
> > > > > > >
> > > > > > > 1. He went into His Father's business
> > > > > > >
> > > > > > > 2. He lived at home until he was 33
> > > > > > >
> > > > > > > 3. He was sure his Mother was a virgin, and his Mother
> > > > > > > was sure he was God
> > > > > > >
> > > > > > > But then there were equally good arguments that.......
> > > > > > >
> > > > > > >
> > > > > > > JESUS WAS ITALIAN
> > > > > > >
> > > > > > > 1. He talked with his hands
> > > > > > >
> > > > > > > 2. He had wine with every meal
> > > > > > >
> > > > > > > 3. He used olive oil
> > > > > > >
> > > > > > > But then there were equally good arguments that.......
> > > > > > >
> > > > > > >
> > > > > > > JESUS WAS A CALIFORNIAN
> > > > > > >
> > > > > > > 1. He never cut his hair
> > > > > > >
> > > > > > > 2. He walked around barefoot
> > > > > > >
> > > > > > > 3. He started a new religion
> > > > > > >
> > > > > > > But then there were equally good arguments that.......
> > > > > > >
> > > > > > >
> > > > > > > JESUS WAS IRISH
> > > > > > >
> > > > > > > 1. He never got married
> > > > > > >
> > > > > > > 2. He was always telling stories
> > > > > > >
> > > > > > > 3. He loved green pastures
> > > > > > >
> > > > > > > But perhaps the most compelling evidence.........
> > > > > > >
> > > > > > > THREE PROOFS THAT JESUS WAS A WOMAN ......
> > > > > > >
> > > > > > > 1. He had to feed a crowd at a moment's notice when
> > > > > > > there was no food
> > > > > > >
> > > > > > > 2. He kept trying to get the message across to a bunch
> > > > > > > of men who JUST DIDN'T GET IT
> > > > > > >
> > > > > > > 3. Even when He was dead, He had to get up because
> > > > > > > there was more work for him to do
> > >

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


Just a reminder not to use the form Master Netting Agreement that was attached to the e-mail notification sent yesterday.  You will be receiving a new form later today.

Thanks!

Marie


Mike, what projects do we have going on in the Business Objects report?  Thanks. Lynn

 -----Original Message-----
From: 	Bodnar, Michael
Sent:	Friday, November 30, 2001 1:12 PM
To:	Blair, Lynn
Subject:	Job Duties

Lynn,
This is how I view as my primary daily responsiblities. I think I covered them all. If I think of something else I'll advise.

Gas Logistics coordinator for NNG's and TW Storage Activities.
Monitor and report on contract and tariff exceptions (Morning meeting activities)
Gas Logistic resource for troubleshooting Customer's storage issues involving:
Daily Scheduling
Billing
Third Party Storage
Act as business liason between Marketing/GasLogistics/IT for storage related changes/modifications to information systems
TMS (and SIMS)
CMS/CBS
TAS
CAS
Execute shipper's request add/terminate Storage Balancing Options(SBS) to Shipper's transport agreements
Prepare TW pnr billing
Business Objects Coordinator
Provide back-up coverage fro John and Terry
Anything other special projects requested by management


G$-

Hey, the movers look like they are going to be coming between the 15th and
18th of November.  As soon as I get a firm date, I'll let you know.  I am
going to try to be down there for the move as well.  I really don't want to
inconvenience you more than I already have.

Oh, by the way, I am single again.  That's right, Jennie I broke up on
Sunday.  Oh, the poor women of CO, they will never see me coming . . .
literally (unfortunately).

Bruce-out
----- Forwarded by Bruce Rudy/NA/Enron on 11/01/2000 09:24 AM -----

	Chris.Jantz@enron.com
	11/01/2000 09:07 AM

		 To: Bruce.Rudy@enron.com
		 cc:
		 Subject: Re: Move Date

Hey Bruce,

I have not received final word from the movers yet.  But they have told me
it will be between the 15th and 18th.  They have committed to delivering
our stuff on the 20th or the 21st.  Hope this helps.

Chris

Bruce Rudy@ENRON
10/31/2000 05:37 PM

Sent by:  Bruce Rudy@ENRON

To:   Chris Jantz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject:  Move Date

Chris,

Hey, I just wanted to see if you had arrived at a firm date for when the
movers were going to come to do the pack and move.

Thanks,

Bruce


Heidi,

 Per Jim Kuhn @ Belden & Blake, the volumes contracted for for NYSEG
production are as follows:
 APR = 216 DTH/Day
 MAY = 179 DTH/Day
 JUN = 160 DTH/Day
 JUL = 192 DTH/Day
 AUG = 195 DTH/Day
 SEP = 191 DTH/Day
 OCT = 190 DTH/Day

Does CES need these volumes??

BBC has additional volumes for sale for the period Apr/Sep.  They are trying
to seel the gas for the entire period vx monthly.  If you have an idea what
volumes you need monthly for Apr/Oct, I will try to purchase from BBC.
John


Praveen,

I shall see you at 11:30 tomorrow.

Vince

 -----Original Message-----
From: 	Praveen Kumar <pkumar@uh.edu>@ENRON
Sent:	Tuesday, December 04, 2001 11:34 AM
To:	Kaminski, Vince J
Cc:	warga@uh.edu
Subject:	RE: Friday Visit

Vince,

	Anytime after 11:30 would be fine for Arthur and me. If you go to
the visitor's booth (on your left as soon as you enter UH), they will have a
token waiting for you so that you can park next to the College. My office is
220-H. Look forward to seeing you tomorrow.

Best,

Praveen

Praveen Kumar
Chair and Professor of Finance
C.T. Bauer College of Business
334 Melcher Hall
University of Houst

on
Houston, TX 77204-6021
713-743-4770/713-743-4789 (fax)

-----Original Message-----
From: Kaminski, Vince J [mailto:Vince.J.Kaminski@ENRON.com]
Sent: Tuesday, December 04, 2001 10:37 AM
To: pkumar@UH.EDU
Subject: RE: Friday Visit

Praveen,

Wednesday will work for me. What is the most convenient time for you?

Vince

>  -----Original Message-----
> From: 	Praveen Kumar <pkumar@uh.edu>@ENRON
> Sent:	Monday, December 03, 2001 4:16 PM
> To:	Kaminski, Vince J
> Subject:	RE: Friday Visit
>
> Vince,
>
>     Will this Wednesday work for you for lunch at UH? Thanks.
>
>
> Praveen Kumar
> Chair and Professor of Finance
> C.T. Bauer College of Business
> 334 Melcher Hall
> University of Houston
> Houston, TX 77204-6021
> 713-743-4770/713-743-4789 (fax)
>
> -----Original Message-----
> From: Kaminski, Vince J [mailto:Vince.J.Kaminski@ENRON.com]
> Sent: Thursday, November 29, 2001 9:09 PM
> To: pkumar@UH.EDU
> Subject: RE: Friday Visit
>
>
> Praveen,
>
> Thanks for your message. Can we push the lunch till next week,
> Wednesday
> through Friday?  The situation at Enron is still very fluid and I have
> to be
> available on a very short notice. I cannot leave the building for too
> long.
>
> Vince
>
>
> -----Original Message-----
> From: Praveen Kumar <pkumar@uh.edu>@ENRON
> Sent: Thu 11/29/2001 2:44 PM
> To: vkamins@enron.com
> Cc:
> Subject: Friday Visit
>
>
>
> Vince,
>
>  If your schedule allows it, Arthur and I would be happy to host you
> for
>
> lunch tomorrow (the seminar is right after lunch), and talk further.
> Please
>
> let me know.
>
>
> Best,
>
> Praveen
>
>
>
> Praveen Kumar
>
> Chair and Professor of Finance
>
> C.T. Bauer College of Business
>
> 334 Melcher Hall
>
> University of Houston
>
> Houston, TX 77204-6021
>
> 713-743-4770/713-743-4789 (fax)
>
>
>  - winmail.dat << File: winmail.dat >>

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

 - winmail.dat << File: winmail.dat >>


---------------------- Forwarded by Louise Kitchen/HOU/ECT on 12/06/2000
06:01 PM ---------------------------
From: Lisa Yoho@ENRON on 12/06/2000 03:20 PM PST
To: Louise Kitchen/HOU/ECT@ECT
cc:

Subject: Justice Department Investigation

Louise --

I wanted to make sure you were aware that the Justice Department has launched
an investigation into the online electronic bond trading site set up by
Merrill Lynch, Morgan Stanley, Chase, and others.   The Justice Department
said that they are studying the "competitive issues that arise from such
close cooperation among competitors."

I will monitor this very closely, as I'm sure it will have implications for
the likes of ICE.

Hope you're doing well.

Lisa


---------------------- Forwarded by Angie Zeman/Corp/Enron on 08/02/2000
09:34 AM ---------------------------
To: Beverly Beaty/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Angie Zeman/Corp/Enron@ENRON
cc:
Subject: Appalachian Update & Scheduled 8/15/00 Meeting

FYI.......
---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 08/02/2000
09:28 AM ---------------------------

MARY THERESA FRANKLIN
08/02/2000 09:24 AM
To: Nelson Ferries/Corp/Enron@ENRON, Victor Lamadrid/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Gloria G
Barkowsky/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT, LaShanda
Poledore/Corp/Enron@ENRON
cc: John M Singer/Corp/Enron@ENRON, James T Javins/DUB/EES@EES, Jeanne
Wukasch/Corp/Enron@ENRON, Brent A Price/HOU/ECT@ECT, Fred
Lagrasta/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT
Subject: Appalachian Update & Scheduled 8/15/00 Meeting

After reviewing the Action Items from 07/17/2000 and more thoroughly
analyzing the &validation task8 assigned to John Singer and myself, we have
changed our approach.  Instead, I recruited Jeanne Wukasch to help pull
together a more effective strategy and assist with the cleanup process.  We
are calling on Jim Javin and John Singer to rule only on exceptions or
conflicts in data. Also, we are meeting with Logistics and IT to establish a
workable solution to clear-up paths with more than one deal.  Our review of
the Appalachian data is based primarily on wellhead activity from the
following sources:

Path Manager Supply ) This gives us the ability to sort data easily, provide
views of deals and path relationships.  This screen allows us to identify
duplicate deals under the same meter and incorrect trading desk assignments.
We can also trace purchase information to the transport detail.
Unify Transaction List ) This is an extract of Apr-00 production data out of
Unify Purchase and Transport files.  This list permits us to compare purchase
price deducts vs. transport payments by meter.  (Manual payments and the
inconsistencies in the Unify set-up of pipe structures will require
additional effort in this area.)  The end result of our efforts will provide:

a deal reference for meters listed more than once
consolidation of wellhead deals by pipe
correct Market East regional designation
purchase deducts not corresponding to pipeline payments
meters without purchase payments
incorrect price adjustments for transport cost

 A status update has been scheduled for August 15 at 1 PM in room EB 3014.
Our goal is to have completed Gatherco and CNR wellheads.  To date our
progress has revealed:

Meters with multiple deals     73
Meters not on Market East deals    167
Different counter-parties with the same meter   13
Deducts missing from the purchase price   47
Purchase prices with incorrect deducts   85
Meters missing purchase expense    16


Ron,

One additional VisuPro item that we must know is under what circumstances
each of the production & availability counters are being used. Also, we must
know which counters are never used with our system.

Thanks
Ed


According to BPA we are almost their on Grays. The only change is that Enron needs to report the total generator output which as indicated on the prescheduled sheet is 6Mw. One Mw is going to Grays Harbor PUD and we have no responsibility other than to report the total generator output.

I've sent to BPA on a prescheduled basis all the prescheduled so that shouldn't be a issue.

The good news is that on Oct. 1 Grays will no longer be our customer and BPA is saying they'll have a automatic system in place to record these numbers automatically by Mid August so hang in there.

Les


Start Date: 3/7/01; HourAhead hour: 5;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030705.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the
FINAL Individual Interchange Schedule.  Unable to assign deal number.


We just found out that National Fuel Gas Supply, NFGS, filed motions with the bankruptcy court on December 18, 2001 to (1) vacate the automatic stay and allow NFGS to terminate the firm and interruptible transport agreements, (2) compel the Debtor to assume or reject the agreements, or (3) provide adequate assurance of future performance by the Debtor.  A separate motion for ENA and EES was filed.  The hearing looks like it was scheduled on January 3, 2002.

I do not believe that ENA's and EES's commercial groups were aware that these NFGS's motions had been made to the court.  Was Legal involved in a response to these motions?  If ENA and EES did not respond at the court hearing, is the decision of the court to terminate the agreements?

Most of the agreements were for interruptible services that had no future value to the Estate.  One of the two firm ENA agreements was tied to a "producer netback" transaction that Enron Canada is working on a settlement with the producer.  The other firm ENA agreement is out-of-the-money and would have been rejected anyway.

Please confirm that by ENA and EES taking no action at the hearing that the agreements have been terminated.  I will get with Enron Canada so that fact can be included in their settlement with the producer.

Thanks for your help,
Ruth Concannon

713-853-1667
ruth.concannon@enron.com


-----Original Message-----
From: 	Rohauer, Tanya
Sent:	Friday, November 02, 2001 10:32 AM
To:	Reasoner, Monica; Williams, Jason (Trading); Sonnonstine, Max; Vanek, Darren; Ngo, Tracy; Sacks, Edward; Radous, Paul; Conwell, Wendy; Brown, Kortney
Subject:	FW: Credit Reserve
Importance:	High

Please note change to cred reserve distribution
 -----Original Message-----
From: 	Guerra, Ricardo
Sent:	Friday, November 02, 2001 8:40 AM
To:	Rohauer, Tanya
Subject:	Credit Reserve
Importance:	High

	Tanya - I am currently responsible for the credit reserve activities previously handled by Trey Hardy. Please include me in any credit reserve activity that requires my attention.

Thanks

Ricardo Guerra


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance
Management process by providing meaningful feedback on specific employee(s).
Your feedback plays an important role in the process, and your participation
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com
and select Perform Review under Performance Review Services.  You may begin
providing feedback immediately and are requested to have all feedback forms
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."   Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
SHANKS, REGINALD                TRAVIS C MCCULLOUGH             Nov 17, 2000


I had Mexican food for lunch, so LITE dinner for me.  I had lunch with Oz and
Heather.  Oz drove us in his new MB convertible.  Really nice.  It is a 430,
silver.

How's your day?


Hi Ed,

I can't find (or recall) that I received the subsequent email referenced in
this email.  Can you direct me to the right place?  I looked under
Administrator and Legal Net X, and all my emails from 3/8.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/12/2001 01:46
PM ---------------------------
From: Ed B Hearn III@ECT on 03/08/2001 04:26 PM
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Roseann
Engeldorf/Enron@EnronXGate, Lisa Bills/Enron@EnronXGate, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dean Russell/SF/ECT@ECT, Bill
Williams/PDX/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
pthompson@akllp.com, stephen.swift@ps.ge.com, michael.barnas@ps.ge.com,
kent.shoemaker@ae.ge.com, Bob Carter/HOU/ECT@ECT, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Secure Website for Enron/GE Turbine Contract Negotiation

Ladies and Gentlemen:

This afternoon you will receive a Logon ID and Password to a secure website
known as LegalNetEx ("LNX").   LNX will provide the Enron/GE Turbine Contract

Team with a centralized location for the efficient and organized exchange of
contract drafts and revision proposals.  It works like this:

1.  When you log on to LNX, a set of instructions will lead you to the most
recent version of the contract.   To review and revise the contract you will

download the document onto your PC or LAN.

2. Consistent with normal drafting, you will need to save your revised
version of the contract on your system, under a new name.

3. When you are ready to provide your revised version of the contract to the
rest of the team, you will upload the your document onto LNX.  Peter Thompson
will
receive an automatic email from LNX each time a team member uploads a revised
document.

4.  When Peter  has incorporated the various revisions proposed by the team,
he will upload the resulting revision cycle on LNX.    Each team member will

receive an automatic email notification when Peter uploads the latest and
greatest version of the contract.

Additionally, you will not have to redline your document for the group, LNX
will handle redlining for us, it's automatic, too.

If you have questions or difficulties with LNX, please contact Matt
Troncelliti of LegalNetEx using either matt@internetex.com or 610/617-1753.

For nontechnical questions or comments, please feel free to contact me, Ed
Hearn, using either ed.b.hearn.iii@enron.com or 713/853-1592.

Thank you,
Ed


I've logged on. Thanks for your help.

-----Original Message-----
From: Danny.Lee@enron.com [mailto:Danny.Lee@enron.com]
Sent: Thursday, July 27, 2000 5:07 PM
To: ekrapels@esaibos.com
Subject: EOL Guest Account Access

Attention:          ESAI
               Ed Krapels

Thank you for your interest in EnronOnline.

The  following  is a guest password that will allow you temporary view only
access  to  EnronOnline.   Please  note,  the user ID and password are CASE
SENSITIVE.

     Guest User ID:      ENA61296
     Guest Password:     WELCOME!

In  order  to  apply  for transaction status with EnronOnline, your company
needs to complete a Password Application and Registration Form for a Master
User  account.   Each  Master  User will be able to grant various levels of
access for additional users.

To obtain a Password Application and Registration Form, you can visit our
website at www.enrononline.com and select the "How to Register" link, or
call our HelpDesk at 713/853-HELP (4357).   Alternatively, you may click on
the attached documents, complete the forms, and fax to 713-646-8511.

Just a reminder, in order to access EnronOnline, Shockwave needs to be
installed.  The Shockwave installer can be found within "About EnronOnline"
on the home page.  After opening "About EnronOnline", using right scroll
bar, go to the bottom.  Click on "download Shockwave" and follow the
directions.  After loading Shockwave, shut down and reopen browser (i.e.
Microsoft Internet Explorer/Netscape).

We  hope you will find that EnronOnline provides an easy and more efficient
way  to  do  business  with  Enron. We look forward to transacting with you
online.

Sincerely,

Danny Lee
EnronOnline HelpDesk
713/853-HELP (4357)

(See attached file: NA PA Ver 2 Web.doc)(See attached file:
Registration_Form.doc)


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

Thanks!!

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

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

Subject: Re: 3/13 Checkout

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

Thanks,
Kate

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

Subject: Re: 3/13 Checkout

yes

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

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

Subject: Re: 3/13 Checkout

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

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

Subject: Re: 3/13 Checkout

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

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

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

S

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

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

Subject: Re: 3/13 Checkout

Prebon
Sean Crandall
549048 - changed to NP

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

Jeff Richter
549013 - changed to APB

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

Chris Mallory - just entered Williams deal

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

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

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

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

Jeff Richter
deal 549013
Prebon does not recognize

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

BLOOMBERG
All deals checked out fine.


Remember not to throw away baby stuff!  My oldest daughter, Sara has already
bought a complete wardrobe for the baby including girl and boy outfits.  I
guess I had better get on the ball and at least buy a "I Love Granny" bib or
something!  Ha.

Do you know Carlos' cell phone number?  His normal secretary is out.

K-

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 31, 2001 9:37 AM
To: Carnahan, Kathleen
Subject: RE: important stuff

Thanks, but I'm throwing away junk all weekend.  Neil will be gone....

From: Kathleen Carnahan/ENRON@enronXgate on 05/31/2001 09:28 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: important stuff

Lake Woodlands, do you want to come?

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 31, 2001 9:23 AM
To: Carnahan, Kathleen
Subject: important stuff

So where are you kayaking this weekend?

ckm


Sherri,

We shall hand deliver the package this morning.

Vince

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           04/04/2000 04:54 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Off-site: John Griebling's organization and Research Group

Vince, do you have any details on this offsite yet - i.e., location, who is
attending, etc.?  Or should I be asking someone else?  Please advise.
Thanks, SRS

Vince J Kaminski@ECT
03/30/2000 05:19 PM
To: Sherri Sera/Corp/Enron@ENRON
cc:

Subject: Re: Off-site: John Griebling's organization and Research Group

Sherri,

Thanks.

Vince

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           03/29/2000 05:04 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Jeff Skilling/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT, Ravi Thuraisingham/Enron Communications@Enron
Communications@ECT, Katherine Brown/Corp/Enron@ENRON, Ken Rice/Enron
Communications@Enron Communications@ECT, Kevin Hannon/Enron
Communications@Enron Communications@ECT, Joe Hirko/Enron Communications@Enron
Communications@ECT, John Griebling/Enron Communications@Enron
Communications@ECT
Subject: Re: Off-site: John Griebling's organization and Research Group

Vince, Jeff does plan to attend the off-site in Breckenridge.  I'm not sure
exactly what time he'll arrive on Friday, 4/28, but will send those details
when available.  Thanks, SRS

Vince J Kaminski@ECT
03/27/2000 04:43 PM
To: Jeff Skilling/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Ravi
Thuraisingham/Enron Communications@Enron Communications, Sherri
Sera/Corp/Enron@ENRON, Katherine Brown/Corp/Enron@ENRON, Ken Rice/Enron
Communications@Enron Communications, Kevin Hannon/Enron Communications@Enron
Communications, Joe Hirko/Enron Communications@Enron Communications, John
Griebling/Enron Communications@Enron Communications

Subject: Off-site: John Griebling's organization and Research Group

Jeff,

I would like to invite you to an off-site meeting of John Griebling's
organization
and the Research Group.

Date:   April 27 - April 29
Location:  Breckenridge, Colorado

As you know, John Griebling is managing the network design and construction
project
currently under way in EBS. The Research Group is actively involved in this
effort
which requires advanced quantitative skills in the area of stochastic
optimization and
stochastic processes (for modeling and forecasting Internet traffic flows).

The objective of this meeting is to develop common language and accomplish
transfer
of skills between the two groups, to facilitate cooperation on this project
in the future.

We are also inviting to this off-site senior management of EBS and plan to
have
on the agenda several presentations about strategic directions of EBS. The
effort
of network design and construction currently under way is  unprecedented in
terms
of its scope and complexity and it is important  for technical people, who
often have
highly specialized technical skills, to understand the broad picture.

I would appreciate if you could join us for Friday afternoon (April 28) and
Saturday (April 29). I understand  that you have commitments on Thursday and
Friday
morning. We have reorganized the tentative agenda of the meeting to devote
Friday afternoon to more general topics.

Vince


Post Date: December 04, 2000
Category: SHORT-TERM FIRM CAPACITY
Subcategory: NWP OFFERS
Subject: 01-177 Soliciting Electronic Bids

Notice Text:

All Shippers Notification: 01-177?????? ??????? ??????? Dated December 4,
2000

TO:???? ??????? ALL SHIPPERS

FROM:?? Candace C. Karpakis- (801) 584-6996 wk
?????????????????????????????????????????????????????????????? (801) 971-5983
cellular
??????????????????????????????
?????????????????????? Williams Gas Pipeline-West
?????????????????????? Northwest Pipeline Transportation

SUBJECT:??????? SOLICITING ELECTRONIC BIDS FOR
AVAILABLE FIRM MAINLINE TRANSPORTATION
CAPACITY ON NORTHWEST'S TRANSMISSION SYSTEM

Northwest has posted the following package of available firm TF-1 Large
Customer transportation capacity to its Electronic Bulletin Board ("EBB")
for competitive bid pursuant to the "Right-of-First-Refusal; Posting of
Pipeline Capacity" provision of Northwest's Tariff, which requires
availability of capacity to be posted to the EBB subject to bid.? All
prearranged terms are indicated below, if applicable.? The prearranged
shipper has the right to match the highest economic value at the end of
the bid period.? If the prearranged shipper does not match the highest
economic value, award of such capacity will be made according to
Northwest's tariff.

NOTE:? BIDS FOR POSTED CAPACITY WILL BE CONDUCTED ELECTRONICALLY AS CLOSED
BIDS ON NORTHWEST PIPELINE'S EBB.? Please contact Candace Karpakis or your
Marketing Services Representative if you encounter any problems with your
EBB bid(s).? DON'T WAIT UNTIL THE LAST MINUTE TO POST YOUR BID.? Time
deadlines are electronically monitored and implemented.

PACKAGE "ZZ"
From the November 14, 2000 Posting
EBB OFFER # 450

RECEIPT DELIVERY??????? ? TOTAL ? INITIAL PRIMARY?????? PREARRANGED
?POINT? ??? POINT ????? ?? DTH/D??????? ? CONTRACT TERM ??????? ??????
OFFER??

Blanco????????????? Green??????????? 15,000??????????? 12/06/00 -
12/31/00????? ???????? YES
Hub-TW??????????? Rvr-CIG

Min. Acceptable Bid:??? $0.03 per Dth of daily Reservation Contract Demand
for Flexible
Receipt/Delivery Point Rights
Min. Acceptable Bid Vol:??????? 1 Dth/d
Max. Acceptable Bid Vol:??????? 15,000 Dth/d
Bid Open Date:? 12/04/00 - (3:00 pm Central Time)
Bid Close Date: 12/05/00 - (3:00 pm Central Time)
Award Deadline: 12/05/00 - (4:00 pm Central Time)
Evergreen:????? ??????? NONE
Special Terms & Cond:?? See 1, 2 and 3 Below.

SPECIAL TERMS AND CONDITIONS

1. The discount rate shall apply to points utilized by the original shipper
entering into
the transportation agreement with Northwest.

2. A shipper will be allowed to release and/or segment and release the
capacity and
shipper and replacement shipper may utilize any available points on
Northwest's transmission
system without impacting the discount for the original shipper.

3. This prearranged offer is for a reservation contract demand rate.? In
addition to the
Reservation Charge Bid, shipper will pay the volumetric charge, the
applicable surcharges and
fuel.
?

PROCEDURE FOR BIDDING FOR
AVAILABLE TRANSPORTATION CAPACITY

The following guidelines will be adhered to for all posted packages of
transportation
capacity for electronic bid ("package or packages"):

1. Shipper must submit a separate electronic bid for each package of
available
transportation capacity.? Multiple electronic bid(s) can be submitted for the
total available
transportation capacity under the specified package OR multiple rates can be
submitted each
for a partial amount of available transportation capacity under the specified
package.? If
the same Shipper submits multiple bids, the highest present value for such
package of
available transportation capacity shall be considered the valid bid. All
other bids from the
same Shipper for the same package of transportation capacity will be
discarded.

2. Northwest awards bids based on a net present value calculation.? If bid
rate is less than
minimum tariff rate, the following formula is utilized:? Bid Rate x FERC
Interest Rate
x The Maximum Bid Quantity x 365 days/100/12; or if the maximum rate is bid,
the
following formula is utilized:? Bid Rate x FERC Interest Rate x Maximum Bid
Quantity x
days bid/100. In case of a tie, each tied shipper will have the right to
improve its bid
by submitting an improved bid within 24 hours of the bid close time.? Such
improved bid
shall be faxed to (801) 584-7076 to Candace Karpakis or Patrick Aman.? If a
tie still
exists, such capacity shall be awarded on a prorata basis.

3. Northwest will not accept bids with a primary contract term (Term) longer
than indicated
for the capacity unless maximum rate is bid.

INSTRUCTIONS FOR CREATING A BID FOR
NORTHWEST'S FIRM CAPACITY RELEASE OFFERS

1. Select "CAPACITY RELEASE" application in Northwest Passage.
2. Select "CREATE/SUB BID FOR NWP CAP" application.? All current offers will
appear.
3. Highlight the offer you are interested in by clicking the left mouse
button on the
offer.
4. Select the "TERMS & COND" button at the top of the screen, which is now
active.? The
screen will allow you to review the conditions of the offer.? Close this
screen when you have finished reviewing.
5. At this point you can review current bids posted for this offer by
selecting the
"VIEWBID" button.? Close this screen when you have finished viewing.
6. If you would like to create a bid for this offer, select "CREATE BID"
button.
7. If you want to bid the maximum rate for the capacity, select the "BID MAX
RATE"
button.
8. Highlight the "END DATE" if you want to modify the end date of the term of
your offer.
9. If you want to modify the receipt/delivery point maximum and minimum
volume, highlight
the receipt/delivery point section with the left mouse button and modify
accordingly. Select
?"SAVE".? If an error appears at the button of the screen, the error will
need to be
corrected and the data will need to be saved again.? If successful, a message
will appear
indicating the bid information has saved and the bid rate must be entered.?
Select "OK".
10. Select the "RATE" button.? Enter the bid rate.? Select "SAVE".

????? You have just "CREATED" your bid for the offer.? You now need to
"SUBMIT"
????? your bid as follows:

11. Close out of all screens and return to the "CAPACITY RELEASE" menu
screens.

12. To Submit or Review your bid(s), select the "REV/SUB/WDRW NWP CAP BID"
button.? All
of your bids will appear.? Highlight the "BID IN DRAFT STATUS" that you would
like to submit.
Select the "SUBMIT" button at the top of the screen to post the bid.

????? To Withdraw your bid(s), select the "REV/SUB/WDRW NWP CAP" button.? All
of??
????? your bids will appear.? If the bid has not yet been submitted,
highlight the?
???? "BID IN DRAFT STATUS" that you would like to withdraw.? Select the
"WITHDRAW"
????? button at the top of the screen to withdraw the bid.? After a bid has
been
???? withdrawn, you can select the "DELETE" button at the top of the screen
to
???? delete it from the screen.

NOTE:? After each selection, always "REFRESH" the screen to get the latest
status.

Word: F\Short Term/Capacity for Bid-All 2000 December 4, 2000 01-177.doc


vkamins@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-16362929Y@relay.netatlantic.com

Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Friday, January 25 2002 No. 920
Visit: http://www.enerfax.com to view our web version or for Oil Prices &
News http://www.enerfaxgold.com

PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.02  |
| ANR SE                  | 2.06  |
| Carthage TG             | 2.07  |
| Chicago Citygate        | 2.13  |
| Columbia Gulf Onshore   | 2.10  |
| Dominion South Point    | 2.21  |
| Henry Hub               | 2.12  |
| Houston Ship Channel    | 2.16  |
| Katy Hub                | 2.10  |
| NGPL LA Pool            | 2.06  |
| NGPL - Midcontinent     | 2.02  |
| NGPL STX                | 2.05  |
| NGPL TX/OK              | 2.05  |
| NNG Demarc.             | 2.07  |
| Niagara                 | 2.26  |
| Sonat Tier 1            | 2.09  |
| TCO IPP Pool            | 2.21  |
| Tetco ELa               | 2.09  |
| Tetco M-3               | 2.38  |
| Tetco STX               | 2.02  |
| TGP Zone 0              | 2.02  |
| TGP Zone 1 (500 Leg)    | 2.05  |
| TGT Zone SL             | 2.10  |
| New York Citygate       | 2.41  |
| Transco Station 65      | 2.15  |
| Transco Zone 6 (NY)     | 2.42  |
| Trunk ELa               | 2.08  |
| Western Region
| California Border       | 2.14  |
| El Paso Keystone        | 2.02  |
| El Paso San Juan-Blanco | 2.01  |
| Waha Hub                | 2.05  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 2.89  |
| Dawn Hub/Union          | 2.22  |
| Northwest Stanfield     | 2.04  |
| Wyoming Pool            | 1.92  |
| Opal                    | 1.93  |
| PGT-Malin               | 2.11  |
| Sumas                   | 2.04  |
          Flow Date 1/25
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.4563 -0.0036
18 Month Strip  2.6063 -0.0014
| Month | High  |  Low  | Close | Change |
| FEB   | 2.150 | 2.025 | 2.048 | -0.028 |
| MAR   | 2.170 | 2.070 | 2.090 | +0.001 |
| APR   | 2.240 | 2.150 | 2.166 | +0.004 |
| MAY   | 2.330 | 2.259 | 2.259 | -0.001 |
| JUN   | 2.390 | 2.332 | 2.332 | +0.000 |
| JUL   | 2.470 | 2.408 | 2.408 | -0.002 |
| AUG   | 2.520 | 2.461 | 2.461 | -0.002 |
| SEP   | 2.535 | 2.473 | 2.463 | -0.012 |
| OCT   | 2.570 | 2.500 | 2.505 | -0.002 |
| NOV   | 2.810 | 2.740 | 2.742 | +0.000 |
| DEC   | 3.010 | 2.950 | 2.954 | +0.000 |
| JAN   | 3.110 | 3.035 | 3.048 | -0.001 |
-------------------------------------------------------------
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Natural Gas Futures Dip Slightly Lower

    Natural gas for February delivery on the NYMEX ended down $0.024
yesterday to $2.048 per MMBtu. The March contract gained $0.001 to $2.09
per MMBtu. The market began the day higher on early short-covering, but
fell off sharply in the afternoon after an extended forecast called for
mild weather across much of the nation. Last week the AGA reported 124 Bcf
of natural gas was withdrawn from storage, leaving about a Tcf more still
in the ground than a year ago. Look for the market to take-out the $2.00
support level soon. Natural gas for next day delivery across the US and
Canada was generally flat to $0.05 higher yesterday. Natural gas for next
day delivery at the Henry hub gained $0.01 to $2.12 per MMBtu. Look for
cash prices to weaken ahead of the weekend, likely leading futures prices
lower as well. With some cold in the Northeast and Midwest, but mild
temperatures forecast for the next two weeks, traders expect to see spot
prices at a discount to futures by the weekend. Turn-back volumes could
also weaken prices. By the end of January storage operators face
requirements to withdraw gas out of storage, the extra volumes hitting the
market could push prices further down.
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Today's Power Bulletins
 * Court to Hear Arguments Today on Whether Federal Bankruptcy Law Permits
Wholesale Preemption of State Law and Regulation Necessary for PG&E's
Reorganization Plan to Be Confirmed
 * Shell WindEnergy Acquires $30 Million, 80 MW Wind Power Facility in
North Texas from Cielo Wind Power
 * Virginia Electric Sells $650 Million in 5-Year Notes
 * Arch Coal 4th Quarter Earnings Drop 13% on Warm Weather and Weak Demand
 * PG&E Says Consumer Advocacy Group, TURN, Misstating Truth, Manipulating
Facts, and Ultimately Concocting Fairy Tale About Its Bankruptcy Case
 * APX Exceeds 500 Million MWh in 2001 Power Transaction Processing
 * GE Power Systems Completes Acquisition of Bently Nevada
 * Sempra Energy Announces Record 2001 Earnings of $2.52 per Share for
2001, Up 22%
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Enron Creditors Want Andersen Investigation

    Enron's creditors' committee has asked the bankruptcy judge for
permission to investigate Andersen to help it prepare possible legal
action against the accounting firm. The committee wants to force Andersen
officials to testify and turn over documents. It was appointed last month
by the US Trustee's office, an arm of the Justice Department. Creditors,
which are owed $40 billion, are concerned that Enron may be worth less
than they thought. Andersen's CEO sent an auditing expert in his place to
testify yesterday before Congress on the destruction of documents related
to Enron. Another witness, David Duncan, a fired Andersen executive,
invoked his 5th Amendment rights against self-incrimination and refused to
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-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   46,009
02MAR   22,123
02APR   10,532
02MAY    3,709
02JUN    4,779
02JLY    7,017
02AUG    2,174
02SEP    1,776
02OCT    3,932
02NOV    2,376
02DEC    1,245
03JAN    2,075
03FEB      722
03MAR    1,623
03APR      380
03MAY      533
03JUN      283
03JLY       85
03AUG      137
03SEP      224
03OCT      354
03NOV      113
03DEC      186
04JAN      183
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Enron's Top Management Departs

    As Enron struggles to survive, its top executives have been bailing
out. Of the 14 executives named in the company's annual 10-K filing with
the SEC last April, about half are gone. Vice Chairman Mark Frevert said
that he left the company at the end of December and seems uncertain
whether he quit or was fired. Greg Whalley, president and COO, will join
Swiss bank UBS which has acquired Enron's trading unit. Former CEO Jeffrey
Skilling and former Vice Chairman Clifford Baxter left the company last
year and Chairman Kenneth Lay resigned 2 days ago, in what some see as an
attempt to stave off the appointment of a bankruptcy trustee. A trustee
would supersede Enron's top management and its board of directors and
would likely name a new law firm to replace Enron's current bankruptcy
attorneys. A coalition of creditors has petitioned a bankruptcy judge to
appoint a Chapter 11 trustee to run Enron. To have a trustee appointed,
creditors must prove management's actions have been inept or fraudulent.
Document shredding and a suspected cover up of the company's true
financial liabilities could be adequate grounds to name a trustee. Lay's
departure leaves CFO Jeff McMahon and Stan Horton, chairman and CEO of
Enron Global Services in charge of the company for now. Enron plans to
hire a turnaround specialist to run the company until a permanent
replacement is chosen. Three consulting firms that specialize in turning
around failing businesses have been mentioned as possible front-runners.
They are Alvarez & Marsal, Glass & Associates and Zolfo Cooper.
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-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 18.50 | 17.00 |  17.90  |
| ECAR       | 20.50 | 16.50 |  18.60  |
| ERCOT      | 20.00 | 17.60 |  18.10  |
| Entergy    | 17.60 | 17.20 |  17.30  |
| TVA        | 20.90 | 17.60 |  20.40  |
| ComEd      | 19.00 | 18.00 |  18.35  |
| Nepool     | 28.00 | 27.50 |  27.70  |
| PJM West   | 22.35 | 21.00 |  22.00  |
| Main       | 19.00 | 16.25 |  18.00  |
| MAPP       | 20.00 | 18.50 |  19.15  |
| Palo Verde | 22.15 | 20.25 |  21.25  |
| Mid C      | 19.50 | 18.50 |  18.80  |
| COB        | 21.25 | 20.75 |  21.00  |
| 4 Corners  | 23.00 | 20.25 |  21.65  |
| Mead       | 23.25 | 21.00 |  22.00  |
| NP 15      | 23.00 | 21.00 |  22.55  |
| SP 15      | 23.50 | 22.50 |  22.85  |
            Power Delivered 1/25
-------------------------------------------------------------
Judge Halts Andersen Shredding

    A federal judge has approved a plan from Enron shareholders to prevent
Andersen from shredding any more documents related to Enron's audits. The
judge ruled that plaintiffs lawyers can start taking depositions in 20
days from Andersen employees who were fired or suspended for the document
shredding. Andersen must also file a report with the judge explaining the
shredding at that time. But Andersen argues that it has not completed its
own investigation into the shredding, and depositions related to the
lawsuit should take a back seat to investigations by Congress, the SEC,
the Justice Department and others. The judge also ruled Andersen can shred
no more documents and that the firm must preserve all Enron-related
documents going back to 1994 and that plaintiffs' lawyers can inspect
them. Andersen attorneys assured the judge that the records are under
guard and shredding has ceased. Andersen has admitted that its Houston
staff shredded a significant but undetermined number of documents related
to Enron audits last fall as federal regulators launched probes into
possible accounting improprieties. The company later fired the head of the
Houston office for his role in the shredding and placed several others on
administrative leave. Attorneys for the plaintiffs' want to depose the
former partner and five others. Shareholders have filed a lawsuit against
29 current and former Enron executives and board members for more than $1
billion they gained by selling company stock during a 3-year period prior
its bankruptcy filing. Allegations have emerged that Enron employees
shredded accounting and finance documents as recently as last week. A
hearing on Enron shredding is scheduled for February 5th before federal
bankruptcy judge.
-------------------------------------------------------------
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas Storage
and
Transportation System. Open Season for customers interested in capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For information,
visit http://www.desert-crossing.com
-------------------------------------------------------------
Todays Gas Bulletins
 * Andersen May Lose Its License to Audit Texas Companies
 * Shares of PanCanadian Energy and Alberta Energy Surged on Rumors They
Are Headed for Multibillion Dollar Merger
 *  Enron Delinquent in Paying California Tax Bill
 * Nabors Earnings Up Slightly Despite Natural Gas Drilling Slowdown
 * Laclede Gas Names Kenneth Neises Executive Vice President and M
Pendergast
Promoted to VP - Associate General Counsel
 * Devon Energy Completes Acquisition of Mitchell Energy
 * Rochester Gas and Electric Testifies New York State Energy Plan Must
Support Reliability and Competitive Prices
 * Many Ex-Enron Traders Having Trouble Finding New Jobs; UBS Warburg
Plans to Retain About 830 Natural Gas and Power Traders
------------------------------------------------------------
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FERC to Hold Closed Meeting to Consider Investigation

     The FERC plans to hold a rare, closed-door meeting next week to
discuss a several issues, including the possible initiation of an
investigation. The private meeting will be held Wednesday, immediately
following FERC's regularly scheduled bi-monthly meeting that is open to
the public. The FERC issued a list of agency officials who will attend the
closed-door discussion of the possible investigation, including Chairman
Wood and the three commissioners, the office of general counsel, staff
with FERC's office of market tariffs, and staff with the office of the
executive director. Other items to be discussed at the closed meeting
include: 1) A demand by a group of natural gas producers in the Gulf of
Mexico that Williams cut its new gathering rates and other fees for
transporting volumes to shore. The producers claim that Williams has
boosted its rate for interruptible gathering by more than 230% since
December 1st; 2) A July complaint by New Power Holdings that PJM
Interconnection's capacity requirements and deficiency charges are unjust,
discriminatory and preferential. New Power wants PJM to change its
existing capacity deficiency rate of $177 per MW day; 3) A case involving
a FERC order last summer that says National Fuel Gas violated the law when
it operated a natural gas well and storage fields in Erie County, New
York, before obtaining authorization.
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PSEG to Upgrade Coal Fired Plants in New Jersey

    PSEG has agreed to spend $300 million over 10 years to install
equipment to limit air pollution at its New Jersey coal fired power plants
to bring them into compliance with 'new source' review rules that require
the installation of air pollution equipment when a plant undergoes major
modifications. The agreement settles a complaint brought by the Justice
Department, the EPA and the New Jersey Department of Environmental
Protection. The complaint alleged that PSEG failed to install necessary
pollution controls at two plants. The federal air pollution rule is
currently under review by the White House. Utilities with aging coal-fired
plants contend that the rule requires expensive upgrades which reduces
their ability to produce more energy. PSEG said it would rather resolve
the issue than face protracted and costly litigation. PSEG Power has about
17,000 MW of generation capacity. In 2004, the company will start to
phase-in equipment to reduce emissions of nitrogen oxides, sulfur dioxide
and mercury at 3 New Jersey coal-fired plants with a total capacity of
about 1,250 MW, with all work scheduled to be complete by 2012. PSEG will
install selective catalytic reduction and dry scrubber devices, which
remove particulates from exhaust before it is released into the air. The
new technologies will cost about $150 million each.
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change |
| FEB   |  21.25  | +0.00  |  22.80  | -0.15  |
| MAR   |  18.50  | +0.00  |  22.50  | +0.25  |
| APR   |  20.00  | +0.00  |  24.00  | +0.50  |
| MAY   |  18.25  | +0.00  |  24.75  | -0.25  |
| JUN   |  20.00  | +0.00  |  29.15  | +0.65  |
| JUL   |  29.50  | +0.00  |  38.75  | +0.75  |
| AUG   |  40.00  | +0.00  |  44.00  | +0.75  |
| SEP   |  34.00  | +0.00  |  33.30  | +0.30  |
| OCT   |  28.00  | +0.00  |  28.00  | +1.00  |
| NOV   |  27.50  | +0.00  |  27.00  | +1.00  |
| DEC   |  28.50  | +0.00  |  27.50  | +1.00  |
| JAN   |  28.50  | +0.00  |  28.25  | +0.50  |
| Month | Entergy | Change | Cinergy | Change |
| FEB   |  18.80  | +0.35  |  20.00  | +0.50  |
| MAR   |  18.75  | -0.50  |  21.00  | +0.25  |
| APR   |  18.75  | -0.50  |  21.10  | +0.35  |
| MAY   |  23.25  | +0.75  |  24.50  | +0.50  |
| JUN   |  27.15  | +0.40  |  29.70  | +0.70  |
| JUL   |  34.25  | +0.75  |  38.00  | +1.20  |
| AUG   |  34.25  | +0.75  |  38.00  | +1.20  |
| SEP   |  21.50  | +0.10  |  22.50  | +0.40  |
| OCT   |  21.75  | +0.50  |  22.10  | +0.35  |
| NOV   |  21.75  | +0.50  |  22.10  | +0.35  |
| DEC   |  21.75  | +0.50  |  22.10  | +0.35  |
| JAN   |  24.25  | +0.25  |  25.25  | +0.25  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 24.00 | +0.50  |
| MAR   | 24.25 | +0.50  |
| APR   | 24.25 | +0.50  |
| MAY   | 27.20 | +0.60  |
| JUN   | 33.50 | +0.65  |
| JUL   | 45.00 | +1.25  |
| AUG   | 45.00 | +1.25  |
| SEP   | 25.25 | +0.10  |
| OCT   | 25.10 | +0.35  |
| NOV   | 25.10 | +0.35  |
| DEC   | 25.10 | +0.35  |
| JAN   | 28.25 | +0.25  |
-------------------------------------------------------------
KeySpan Net Income Falls 42%

    KeySpan says 4th quarter net income fell 42% on lower natural gas
prices and expenses related to the sale of a barge business. Net income
declined to $34.4 million, or $0.25 per share, from $58.9 million, or
$0.43 a year earlier. Revenue fell 14% to $1.62 billion from $1.87
billion. KeySpan has agreed to sell its Midland Enterprises barge unit to
closely held Ingram Industries for $230 million in cash and $135 million
in assumed debt. It had expenses last quarter of $30.4 million, or $0.22
per share, related to the sale. KeySpan also wrote off the value of its
investment in natural gas reserves by $31.4 million, or $0.23, because of
lower natural gas prices. KeySpan owns 68% of Houston Exploration. It had
costs of $2.5 million on Roy Kay Cos, a general-contracting business it is
closing. Excluding those losses, KeySpan earned $99 million, or $0.71 per
share. It was expected to earn $0.75. KeySpan cut its 2002 earnings
forecast by $0.20 to $2.50 - $2.65, because it expects less profit from
exploration and production. KeySpan's Vice Chairman and Chief Operating
Officer Craig Matthews will retire, effective March 1st.
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to http://www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar Gina
Patrick

Phone: 281-362-7979
FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

Cargill Halts Saltville Natural Gas Storage Expansion

     An planned expansion of a Virginia natural gas storage facility
planned by Duke Energy and NUI has failed to obtain FERC approval because
Cargill filed a complaint. Cargill asked the FERC to issue an order
halting the construction of an expanded salt cavern storage facility
planned for Saltville, Virginia. Duke and NUI formed a joint venture
called Saltville LLC to expand the salt cavern storage to hold 12 Bcf of
working natural gas capacity over the next 3 years. The site currently
stores only 1.1 Bcf. Cargill says that the companies are attempting to
circumvent the jurisdiction of FERC by seeking approval only from Virginia
state regulators even though the gas may be used in interstate commerce.
The expanded Saltville storage site would have a deliverability of up to
550 MMcf per day. The Virginia State Corporation Commission has scheduled
a February 20th hearing on the project.
-------------------------------------------------------------
                Progas Storage Services, Inc

Was recently organized to offer specialized natural gas storage services
to marketers and end users servicing the upper Midwest and Northeast
market regions along the major transmission systems in Indiana, Illinois,
Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity
which will offer service along TXG, ANR, Midwestern, and is currently
evaluating for purchase another 21 bcf of potential working capacity which
can be serviced by these and other systems in the region. PGSMI also
explores for natural gas in the Gulf Coast region through a wholly owned
subsidiary. Progas intends to go public through a route of private
industry offerings, and an IPO or registration. For more information on
services or the company mail to: gastorage@aol.com or for AOL mail to
gastorage@aol.com;
The company's executive and administrative office is located in Abilene,
Texas with storage operations in Owensboro, KY and exploration operations
in Corpus Christi, TX.
Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 rose 59.14 points to 7657.59
The CRB Index fell 0.29 points to 189.04
The US Dollar increased 0.12 points to 118.58
The Dow advanced 65.11 points to 9796.07
The S&P 500 added 3.97 points to 1132.15
The Nasdaq was up 20.20 points to 1942.58
March NYMEX Crude Oil gained 0.20 to 19.70
Canadian-US Exchange dipped 0.0019 to 1.6020
-------------------------------------------------------------
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I think Mike should sign

Peter Styles@ECT
04/20/2001 04:57 AM
To: Jeffrey Keeler/Corp/Enron@ENRON
cc: Michael Terraso/OTS/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Jackie
Gentle/LON/ECT@ECT, Kate Bauer/EU/Enron@Enron, Paul Hennemeyer/LON/ECT@ECT,
Doug Wood/LON/ECT@ECT, Kelly Kimberly/Enron Communications@Enron
Communications@ENRON, Catherine McKalip-Thompson/Enron Communications@Enron
Communications@ENRON, Lauren Iannarone/NY/ECT@ECT, Rob
Bradley/Corp/Enron@ENRON, Mary Schoen/NA/Enron@Enron, Stacey
Bolton/NA/Enron@Enron, Lisa Jacobson/ENRON@enronXgate@ENRON, Linda
Robertson/NA/Enron@ENRON, Nailia Dindarova/LON/ECT@ECT

Subject: Re: DRAFT response to Greenpeace Kyoto letter

Jeff: Following our conference call yesterday, Nailia and I will send you a
European Government Affairs mark-up later today. We'll try to incorporate any
views expressed by Paul Hennemeyer and Doug Wood too.

Jeffrey Keeler@ENRON
19/04/2001 22:00
To: Michael Terraso/OTS/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Jackie
Gentle/LON/ECT@ECT, Kate Bauer/EU/Enron@Enron, Paul Hennemeyer/LON/ECT@ECT,
Doug Wood/LON/ECT@ECT, Peter Styles/LON/ECT@ECT, Kelly Kimberly/Enron
Communications@Enron Communications, Catherine McKalip-Thompson/Enron
Communications@Enron Communications, Lauren Iannarone/NY/ECT@ECT, Rob
Bradley/Corp/Enron@ENRON
cc: Mary Schoen/NA/Enron@Enron, Stacey Bolton/NA/Enron@Enron, Lisa
Jacobson/ENRON@enronXgate, Linda Robertson/NA/Enron@ENRON

Subject: DRAFT response to Greenpeace Kyoto letter

Attached is a first draft of a response to Greenpeace's April 5 letter to
Jeff Skilling asking for Enron's answers to some specific questions on the
Kyoto Protocol and climate change.   Similar letters were delivered by
Greenpeace Europe in native languages to Enron's offices in the UK,
Netherlands, Spain, and Belgium.

I have attached a copy of one of the letters below.  All the questions are
the same in each.

I have drafted a response with the goals of:

1)  Being responsive to Greenpeace without being defensive or without
"greenwashing."   We have an already-published public "statement" on climate
change and a very positive, solution-oriented story to tell, with many facts
and accomplishments to back up our statements.   I think our letter can land
in the stack that they consider "positive" responses, and not in the stack of
non-responses or "we don't care" responses.

2)  Steering away from directly answering the no-win questions about "Kyoto."
  I think we can respond to the letter in a way that provides meaningful
answers to the general themes of the letter.   I have discussed this with
many of you already, but I strongly feel that we should not get dragged down
into debates over what we like/dislike, support/oppose about Kyoto....we'll
quickly get into questions we can't now answer, and may never be able to
answer.   I'd prefer it if we rise above the politics of the issue and look
solution-oriented by saying counties and companies should continue to be
engaged in this important issue.

3)  Developing corporate-wide messages that we can use in multiple
applications -- arming our PR and govt. affairs advocates with a tight script
to use in their efforts; responding to shareholder inquiries and annual
meeting Q&A;  Ken Lay or other executive speeches and presentations;
something for our Corporate Responsibility annual report.

Sorry for the long preamble, but climate change has become a very sensitive
issue of late, and our message/strategy needs to be very coordinated and we
need to have one clear set of statements that everyone in the company can
understand and use.  With that said, I also believe that these messages
should be used very carefully, as the subject matter is complex and straying
too far from the basics can be dangerous.  We should designate one or two
clear spokespeople that can answer any follow up to the Greenpeace letter by
press or policymakers, and really stick to the boundaries of what's in our
response letter.

There is also the issue of customizing responses from the European offices,
using this letter as a template and adding a few examples of Enron good deeds
in the local areas.   I am not opposed to doing so, but would again
appreciate being able to review these responses before they go.  Please let
me know if you have other views.

I would like to send our response by early next week, maybe even Monday 4/23
if we can turn it around that fast.  Thank you for your input and assistance
and I look forward to your reply.

Jeff

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


Steve,

I shall E-mail you my standard real option spin presentation + plus a
presentation on Enron
(for analysts). You can use a few slides to  introduce the company.

I would prefer not to disseminate the information about the  use of AMC. The
industry
does not know about it yet and I consider it a very  powerful tool (given its
flexibility).

I have the files on my laptop. I shall bring it to work to morrow
and send it to you.

Please, remind me about it on Thursday (old age and the hectic pace here start
showing up).

Vince

Steven Leppard
04/26/2000 05:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Response from Lenos

Vince

Lenos got back to me, and said he'd prefer a high-level overview of real
options in Enron, perhaps using my notation to express the ideas.  He wants
me to keep away from the technicalities of my work.

Would you send me your (usual) powerpoint presentation on real options, and
I'll look at manipulating it to include my diagrams.  My own efforts to date
have been on fairly limited power plant modelling/asset development, and I
obviously don't have the high-level view you have.  This will ensure I get
the full range of real option type deals in my presentation.

If required I could present the real option problems I have analysed, namely:
1. Maintenance scheduling in power plant operation;
2. Gas storage;
3. Power plant asset development, which would include (1) as a sub-tree.

I will also need your advice on whether I can talk about the fact that we
prefer American Monte Carlo to build our trees.  I haven't used AMC myself up
till now, I've been carrying out static optimizations, with different price
curve scenarios being run through.

I'm still working on selling the full stochastic dynamic programming approach
- people are just getting to the stage of accepting my deterministic DP, and
they're still being supplied with useful products, as per my "Real Options
Strategy" document.

Cheers,
Steve


Jeff --

Here are my thoughts.  Add / delete any

The state has properly identified (finally) the fundamental problem in
California - the shortage of supply in a market with growing demand.
Recognizing the core problem is at least half of the battle.
But rather than remove the current roadblocks to increased generation and
transmission investment, California appears to be choosing to own and operate
generation and transmission.
The best solution is to have the state allow private companies to site new
generation.
Given government's other large scale participation into public power - TVA,
BPA, NYPA - it is highly unlikely that trying to set up a state agency to do
something that private capital is willing and able to do is rational or in
the public interest.
Issuing debt costs consumers money and takes away capital from other
important issues - new roads and new schools.
We would be willing to work with the Legislature to help craft a bill that
gets more supply in California quickly, efficiently, and in an
environmentally sound manner, but this draft only creates more bureaucracy.


Let's do margaritas and mexican food!    I look so forward to seeing you.


#'s  238876 / 238892 /

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