This is the best I have seen yet on the going-forward cost of power.
Assuming 60% of term at $80/MWh this summer, the weighted average CDWR price
would be $240/MWh.  Using 75% term in winter, the CDWR average price would be
$129.

Harry or Robert: Can we re-run MRW's rate model using these nunbers?  Right
now I think they have in there $80/MWh.

Alan C.
---------------------- Forwarded by Alan Comnes/PDX/ECT on 03/22/2001 10:57
AM ---------------------------

"Robert Weisenmiller" <rbw@mrwassoc.com> on 03/21/2001 07:01:05 PM
To: Alan.Comnes@enron.com, Jan Smutny-Jones <smutny@iepa.com>
cc:

Subject: wow

Power Deals Only Cover 33% Of Calif 2001 Needs -Official Updated: Wednesday,
March 21, 2001 06:31 PM ET Email this article to a friend!
Printer-friendly version
NEW YORK (Dow Jones)--Power contracts announced early this month by
California Gov. Gray Davis will only cover one-third of the electricity the
state needs to buy in 2001, according to a report by the state's chief
negotiator.
That coverage is far less than California officials originally led observers
to believe they had secured, and the gap raises questions about whether the
state will be able to afford to keep the lights on this summer.

Stock Insight

Symbol	Last	Change

EIX	12.34	+0.30

PCG	11.75	+0.35

SRE	22.25	-0.16

Index

Dow Jones	9487.00	-233.76

NASDAQ	1830.23	-27.21

More Analysis
 	See Analyst Ratings
 	Compare Growth Trends
 	Get One-Click Scorecard

Even counting power covered by agreements in principle, the state will be
about 40 million megawatt-hours short of the 60 million megawatt-hours it
will need to buy this year for customers of California's nearly bankrupt
utilities, according to a report prepared by David Freeman, general manager
of the Los Angeles Department of Water and Power and the state's lead
negotiator on the deals, and obtained Wednesday by Dow Jones Newswires.
California will have to cover those megawatt-hours in the market, where they
will be expensive, assuming they are available at all. The current forward
price of power for the balance of the year is about $325 a megawatt-hour,
which would put California's spot-market bill at $13 billion for the
remainder of the year. That figure is likely too low, however, because the
state will be far shorter in the summer, when demand and prices are much
higher, than in the winter. The forward price of power for delivery this
summer is now averaging about $480 a megawatt-hour. Moreover, the shortfall
could grow if some of the agreements in principle don't mature into actual
deals, Freeman wrote.
On March 5, Freeman said the state had lined up contracts to cover 60% to 70%
of the state's "net short" position this summer. The net short position is
the difference between the power consumed by California's three largest
utilities and the power those utilities generate themselves or have under
contract. At that time, Freeman told Dow Jones Newswires that the summer
deals were only agreements in principle and not firm contracts. Freeman
wasn't immediately available Wednesday for comment.
In his March 15 report to DWR Director Ray Hart, Freeman says the DWR has
entered into 19 final power contracts, with seven suppliers, and more than 25
agreements in principle. In 2001, the state's deals cover at most 6,502
megawatts at any given time. Of that, only 2,247 megawatts are covered by
signed contracts. Even that figure, however, is just an approximation, as
some power is contingent upon availability or the completion of power plants
that might not be built in time, Freeman wrote.
Coverage for 2002 so far is also slim, according to Freeman's report. The
deals cover at most 7,500 megawatts at any given time, and the state will
still face an uncovered short position of about 40 million megawatt-hours.
California put itself in the power markets in mid-January, when the
deteriorating finances of PG&E Corp. PCG, news, msgs) unit Pacific Gas &
Electric Co. and Edison International (EIX, news, msgs) unit Southern
California Edison left them unable to purchase power for themselves.
The state's idea was to sign lots of long-term deals, thus locking in
supplies and bringing down spot-market prices by reducing the level of panic
buying at the last minute. The hope was also that by spreading out the cost
of power over several years, the state could secure the electricity it needs
without raising consumers' rates.
Those hopes are unlikely to be realized. As reported, California state
Treasurer Phil Angelides has said a planned $10 billion municipal bond issue
- the largest in U.S. history - will only cover the state's power purchases
through September if prices stay where they are. The California Department of
Water Resources, which is handling the state's power purchases, has already
spent about $3 billion on power, a total that is growing by about $45 million
a day.
California lawmakers and regulators are increasingly saying consumers' rates
will have to rise to cover the cost of power bought on their behalf.
The West, heavily dependent on hydropower, is having one of its driest years
on record. A number of officials and analysts see blackouts as a certainty
this summer, as California comes up short in its scramble for power.
-By Andrew Dowell, Dow Jones Newswires; 201-938-4430;


can you help Martin w this

thanks
----- Forwarded by Elizabeth Sager/HOU/ECT on 03/21/2001 11:57 AM -----

	Martin Rosell
	03/18/2001 09:58 AM

		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc:
		 Subject: Commodity Futures Modernization Act

Elisabeth:

I read an article in a law magazine about the captioned Act and it was, among
other things, stated therein that CFTC under the Act had been deprived of its
jurisdiction over swaps (other than those related to agricultural products)
made by eligible contracts participants.  Since the Oslo office trades
through ECTRIC, I wonder whether this new piece of legislation has an impact
on our standard reps relating to the "trade options exemption" and as to the
parties being "eligible swap participants" (are they still required)?  Is
there any internal memo yet prepared on the Act and its implications?

Martin


Stinson,

It should be in the attached message.

Vince

Stinson Gibner
10/30/2000 04:29 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Forward oil prices

I can find someone or else do it myself.    Can you specify the historical
period and also how far out the curve we are providing?

Is it just WTI?

--Stinson


The report named: West VaR <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=36&report_name=West+VaR&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/27/2001>, published as of 11/27/2001 is now available for viewing on the website.


Jeff,

As requested, below find the updated valuation, assuming the contract is amended beginning September 1, 2001, based on July 23, 2001 curves

Let me know if you have any questions.

Eric

<Embedded Picture (Metafile)>


Dan,

I have forwarded you the Guaranty from Coastal.  This Guaranty is a redline
version that Coastal has provided comments on.  At this time they do not want
to negotiate the Master Agreement until they fully understand how their
current positions will fit into El Paso's trading book with the upcoming
merger.  Please review the attached Guaranty and provide your comments.  The
contact ar Coastal is Dai Nguyen, her phone number is 713-418-4229.

Thank you,

Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 11/10/2000
02:14 PM ---------------------------

Dai.Nguyen@CMenergy.com on 11/10/2000 01:40:15 PM
To: Russell.Diamond@enron.com
cc:
Subject: FW: Enron Draft dated 10/11/00

-----Original Message-----
From: Gennaro, John [mailto:John.Gennaro@coastalcorp.com]
Sent: Friday, November 10, 2000 1:38 PM
To: 'Dai.Nguyen@CMenergy.com'
Subject: RE: Enron Draft dated 10/11/00

?<<ENRON.WPD>>

> -----Original Message-----
> From: Dai.Nguyen@CMenergy.com [SMTP:Dai.Nguyen@CMenergy.com]
> Sent: Friday, November 10, 2000 11:36 AM
> To:?? John.Gennaro@coastalcorp.com
> Subject:????? Enron Draft dated 10/11/00
>
> John,
>?
> I just received a phone call from Enron and they would like to have an
> electronic version of the draft dated 10/11/00.? Please e-mail it to me
> and I will forward it on.
>?
> Thanks.

?
 - ENRON.WPD


It was taken care of yesterday afternoon.  Thanks for your help.

D

Michael Eiben
03/07/2000 11:06 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Steve Venturatos/HOU/ECT@ECT
Subject: Re: Error Message

A help desk person was supposed to come by to fix the problem.  Apparently,
this particular error is workstation specific.  Let me know if you are not
getting any help.

MVE

Daren J Farmer
03/06/2000 01:27 PM
To: Michael Eiben/HOU/ECT@ECT
cc:
Subject: Error Message

Mike,

The following attachment contains the error message I received when trying to
log in to POPS.  I need to get this fixed as soon as possible, since it is
used to assist with our trading activities.  Thanks for your help.

D


i love america.
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1068853138&r=0&t=0&showTutorial=0&ed=1012693836&indexURL=0&rd=1


Hi there.

I made changes in accordance with our meeting on Friday.  Please let me know
what other changes you would like to see.

Thanks,

Kay


Eric,  Can you pull the FERC document cited below and print it out.

----- Forwarded by Gerald Nemec/HOU/ECT on 07/06/2000 09:57 AM -----

	Mark Courtney
	07/05/2000 11:01 AM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: re: interesting compression cases

This is a footnote from one of the cases you sent earlier.  Can you check on
this for us, too.

Thanks
Mark

More on point is Texas-Ohio Pipeline, Inc., 69 FERC ?61,145 (1994), where the
Commission issued a certificate to allow the operation of a pipeline facility
constructed to alleviate a bottleneck between the jurisdictional services of
two interstate pipelines.


Would you like to be included?  We will try to start this next week.  I will ask Patti to get with you on the details.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/06/2001 03:45 PM ---------------------------

	Enron North America Corp.  From:  Sally Beck                           04/06/2001 03:45 PM

To:	Bob M Hall/NA/Enron@Enron, Beth Apollo/HOU/ECT, James Scribner/Corp/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Robert Superty/HOU/ECT, Rahil Jafry/HOU/ECT
cc:	Greg Piper/Corp/Enron
Subject:	Weekly Focus on Commercialization of Services

Expect Patti to contact you about setting aside 15 minutes each Monday to meet in my office as a team to quickly prioritize tasks for the week regarding the commercialization of our services.  While we will certainly draw upon the knowledge of  others within Operations, we will consider this to be the core resource team.  We want to continue to build momentum for this effort.  Knowing that we are all stretched in managing the day-to-day business, this quick focus each week on the key tasks will keep all of us informed and in alignment.  Thanks!


Great news !

Thanks for all your help!

----- Forwarded by Shari Stack/HOU/ECT on 08/24/2000 03:36 PM -----

	Stephanie Piwetz
	08/24/2000 03:33 PM

		 To: Shari Stack/HOU/ECT@ECT
		 cc:
		 Subject: Bloomberg

Shari-

Just fyi-

Starting today, Bloomberg has used CAISO firm energy on the NP 15 and SP 15
trades.

Thanks


The next meeting has changed dates. Please mark your calenders for
Sunday, June 4, 2000 at Guadalara's restaurant at 4:30 pm.

Thanks,

Glenn.


UBS will be holding benefits presentations at 2:00 pm, 3:00 pm and 4:00 pm today in ECS06980.  Please encourage your employees to attend if they did not attend on Friday.

Any questions, please let me or Jeanie know.

A


Additional details regarding the meeting itself will be sent on Monday,
August 21, 2000.
-----Original Message-----
From: Sole, Jeanne
Sent: Friday, August 18, 2000 4:15 PM
To: Fuller, Don; Happ, Susan
Subject: Memorandum to stakeholders on distributed generation

Attached please find the document providing the basis for the meeting on
Distributed Generation scheduled for August 31.

Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges.  Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.

 - 8-18Memotostakeholders.doc


Reg. Folks -- It is imperative that the ENA structurers below are included on
information that you send to the originators and traders about your regions.
Thanks for your help.

Edith Cross - Southeast
Jim Meyn - Northeast
Brad Morse - Midwest
Russ Porter/Jason Wiesepape - ERCOT

Plus, please include Berney Aucoin on all the updates/info.


Gentlemen:

 Attached is the DASH for the approval of the DPR Accelerated Put
transaction.  This partial divestiture allows us to put $11 million of our
equity interest back to DPR Holding Company, LLC and its subsidiary, Dakota,
LLC.  Both entities are controlled by Chris Cline.

 In addition to redeeming part of our equity interest, the deal provides us
900,000 tons of coal priced below market, an option which could lead to a
very profitable synfuel project, and the potential for more marketing fees
from other Cline entities.

 The DASH has been approved and signed by RAC and JEDI II, and is now
awaiting Mark Haedicke's review and approval.  I wanted to give you the
opportunity to review the DASH and become familiar with the provisions of the
deal.

 If you have any questions on the transaction, feel free to contact me at
(412) 490-9048.  Others familiar with the deal are Mike Beyer, George
McClellan, and Wayne Gresham.

 Thank you.

  Bill Giuliani


- Morons1.gif


----- Forwarded by Richard B Sanders/HOU/ECT on 10/06/2000 10:37 AM -----

	Richard B Sanders
	09/01/2000 01:13 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: EE&CC Litigation Requirements

----- Forwarded by Richard B Sanders/HOU/ECT on 09/01/2000 01:13 PM -----

	Richard B Sanders
	07/13/2000 12:39 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: EE&CC Litigation Requirements

----- Forwarded by Richard B Sanders/HOU/ECT on 07/13/2000 12:39 PM -----

	Bob Hillier@ENRON
	05/25/2000 06:32 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: EE&CC Litigation Requirements

Richard, could you provide me with some information on where we are with the
retention policy?  My last understanding from you was you were going to work
on the wording a bit and then get back with me.  As you can see below we are
at risk from a legal perspective on these cases until we get this policy in
place.

bbh
----- Forwarded by Bob Hillier/NA/Enron on 05/25/2000 06:30 AM -----

	Chris Behney@ECT
	05/24/2000 02:56 PM

		 To: Bob Hillier/NA/Enron@Enron
		 cc:
		 Subject: EE&CC Litigation Requirements

Here is yet another request for e-mail from a long time ago.  Apparently EI
has these old tapes somewhere (at least Roberto and the users think they
do).  Any word from Richard Sanders?

CB

----- Forwarded by Chris Behney/HOU/ECT on 05/24/2000 02:33 PM -----

	Roberto Deleon@ENRON
	05/24/2000 01:55 PM

		 To: Chris Behney/HOU/ECT@ECT
		 cc: Henry Moreno/HOU/ECT@ECT, Gail
Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: EE&CC Litigation Requirements

Chris,

Gail Brownfeld (Senior Counsel) has required that all EE&CC back up mail
files be reviewed and any information pertaining to the following files be
reproduced for the upcoming EE&CC litigation efforts.

1.  Any messages TO or FROM the following people that have the "extension"
@bv.com for the time period 1992 to date.

 Jim Leblanc
 Karl Breckon
 Ricky Simon
 Frank Hosak
 Larry Snyder
 Ray McPhail
 Bill Fox
 John O'Hearn

2.  Also, the following people from Black & Veatch worked in the EECC Houston
office in 1995 and had Enron mail accounts.  Therefore we would need ANY
email to/from these accounts:

 Eric Odenhouse
 Gary Townsend
 Robert Wood
 Bruce Godsey
 John Kruse

Ms. Brownfeld indicated that the document review by Enron's outside counsel
has a six week window.  This is week two of those six week.  Therefore, it
has been requested that this task receive top priority.

Please let me know if you have any questions or require addtional information.

Regards
Roberto DeLeon


Angelika,

Thanks for the invitation.
Yes, I shall be glad to attend and repeat the same presentation.

Vince

Angelika Staude <AStaude@iirltd.co.uk> on 04/09/2001 04:19:08 AM
To:	"'vince.j.kaminski@enron.com'" <vince.j.kaminski@enron.com>
cc:
Subject:	PoweRisk 2001 - Your Invitation

PoweRisk 2001

The Global Premier ForumforEnergy Trading & Risk  Management

 6th - 9th November  2001, Paris

Dear Mr Kaminski,

I am responsible for the programme of this year's  PoweRisk conference in Paris. Helyette Geman has informed me that she has  contacted you concerning the workshop and that you are happy to do it with her  again this year - brilliant!

I would like to know if you are also interested in  delivering a paper again. The audience in previous years greatly appreciated  your contribution, and I would me more than happy if you could join us again.

To give you an idea of the programme so far, these are  the ("technical") topics that are already covered:

Chris  Strickland: Forward Curve Models with Jumps for the Pricing of Exotic Energy  Contracts

multi-factor forward  curve models for the valuation of energy contracts
adding jumps
applying the models to  exotic energy options
extensions to multiple  energy contracts

Les  Clewlow: Valuation and Risk Management of Virtual Power Stations and Gas  Supply Agreements

Structures of  Gas Supply Agreements (GSA)
Relationships  between Physical and Virtual Power Stations (PPS/VPS)
Valuation  methods for GSA's and VPS's
Risk Analysis of GSA's  and VPS's

Derek Bunn, Professor of Decision  Sciences, LONDON BUSINESS SCHOOL: Analysing The Impact Of NETA On  Market Efficiency & Volatility In The UK Energy  Market

Chris Harris,  Director of Market Development.Operations and Engineering, INNOGY: Applying  Cutting-Edge Portfolio Management Theory In Order To Optimise Your Risk Exposure

Establishing  and valuing the key factors using a bottom up approach
Looking at  the interconnection between key factors
The treatment of the risk  of infrequent but high impact events

Peter  Nance, Principal, TEKNECON: Combining Power  Systems And Monte Carlo Simulations For Effective  Pricing

Dan  Mansfeld, Head of Risk  Control,  VATTENFALL:  Assessing The Benefits And Risks Of Using  Derivatives As Part Of Your Risk Management Strategy

Spyros  Maragos: Analysing New Approaches To Building Forward Curves From Available  Market Data

Tamara  Weinert, Credit and Contracts  Manager, MIRANT  ENERGY: Successfully Measuring & Managing Credit  Risk

What is  Credit Risk?
Major changes  in the industry and their impact on Credit Risk
Effects of  new risk profiles on credit appetite: Credit analysis; Limit Setting; Risk  Reducing Structures
Importance of Credit in  the Organizational Structure: Reporting; Dependence; Structure of Credit  Department

Brett  Humphreys: Examining Cutting-Edge Credit Exposure Mitigation Tools: Combining  Counterparty and Portfolio Credit VaR Techniques

Helyette Geman: Pricing of exotic energy derivatives and structured  contracts

Please let me know if you are interested  in joining the PoweRisk 2001 speaker panel, and which topic you would like to  cover. I think that something along the lines of last year's talk (State-of-the-Art Volatility And Correlation Estimation  Techniques For Multiple Energy Portfolios)  would be brilliant again, but please  feel free to chose something else that has not been covered  yet.

I look forward to hearing  from you,

Kind Regards,
Angelika  Staude

Director PoweRisk  2001

Tel: 0044 207 915  5675
Fax: 0044 207 915  5101

PS: For your information, please find enclosed a list  of confirmed speakers for PoweRisk 2001.
 - Confirmed Speakers.doc


Max, here's a copy of the email I sent to Jeff.

-----Original Message-----
From: Hyatt, Kevin
Sent: Monday, March 04, 2002 11:05 AM
To: 'jschroeter@worldnet.att.net'
Subject: TW Sun Devil Project

Jeff--
	per our conversation this morning, attached is the original project open season announcement from August 2001.  A couple of current changes are:

Volume to Phoenix market - 750,000 MMBtu/d
Volume to Cal Border     -  30,000
San Juan receipts		 - 780,000

Projected rate to Phoenix - $0.45/MMBtu

We are also offering 16 hour peaking capability (max daily quantity available in 16 hours, not 24)
and pressure guarantees to those FT customers directly connected to the system (which doesn't help Bowie but may help you somewhere else).

Please don't hesitate to call me with any questions.

Best Regards,
Kevin Hyatt
Director, Asset Development
713-853-5559


Taffy - could you please reply & coordinate with the relevant people.
----- Forwarded by Mark Taylor/HOU/ECT on 08/04/2000 09:29 AM -----

	"Pryzant, Paul" <ppryzant@chematch.com>
	08/03/2000 07:35 PM

		 To: "'mark.taylor@enron.com'" <mark.taylor@enron.com>
		 cc:
		 Subject: Potential Meeting Next Week

Mark,

I will be back in Houston this weekend, so I wanted to check with you for a
time to come meet you and the other people next week.? Right now my schedule
is wide open so let me know a time that is convenient for you.

Sorry if you have left any messages on my cell phone.? Estes Park is outside
the Sprint PCS network range so my phone does not work here.

I look forward to hearing from you.

Paul E. Pryzant
713-681-8622 (direct)
832-754-4514 (cell)
713-973-9224 (home)
ppryzant@chematch.com
ppry@hal-pc.org (home)


Seems like a fair trade

Lavo.


Karen,  Please get with Mary Ogden.  She can retrieve the schedules for you from our legal files.  Unfortunately, I am not aware of a brief of these contracts.  I can help you work through the agreements if needed.  Thanks.

 -----Original Message-----
From: 	Gruesen, Karen
Sent:	Friday, October 26, 2001 2:15 PM
To:	Nemec, Gerald
Subject:	Schedules to Bridgeline Contribution Agreement

Gerald,
I am researching several outstanding receivables from Bridgeline.  I am looking for the Schedules to Contribution Agreement, which is item 3 in the index of documents.  Do you know where I might obtain a copy?  Also, is there any type of brief available on these contracts.  I have seen one for ECS, so I was hoping that one might be available for Bridgeline.

Thanks for your help.
Karen


Start Date: 12/21/01; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122114.txt


Greg:
Congratulations - I knew it was only a matter of time.
Good luck and hope to see you soon.

Hope your family is well.

Jay

Sempra Energy Trading
58 Commerce Road
Stamford, CT 06902
office: 203-355-5179
cell: 914-261-6025
email: jperl@sempratrading.com

****************************************************************************
This e-mail contains privileged attorney-client communications and/or confidential information, and is only for the use by the intended recipient. Receipt by an unintended recipient does not constitute a waiver of any applicable privilege.

Reading, disclosure, discussion, dissemination, distribution or copying of this information by anyone other than the intended recipient or his or her employees or agents is strictly prohibited.  If you have received this communication in error, please immediately notify us and delete the original material from your computer.

Sempra Energy Trading Corp. (SET) is not the same company as SDG&E or SoCalGas, the utilities owned by SET's parent company.  SET is not regulated by the California Public Utilities Commission and you do not have to buy SET's products and services to continue to receive quality regulated service from the utilities.
****************************************************************************


FYI
---------------------- Forwarded by Chris Germany/HOU/ECT on 01/19/2000 11:41
AM ---------------------------

	From:  Joan Veselack @ ENRON                           01/18/2000 09:29 AM

To: Chris Germany/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Robin
Barbe/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Sarah
Mulholland/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT
cc: Joann Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT,
vlamadr@enron.com, Katherine L Kelly/HOU/ECT@ECT
Subject: Agency Gas - Idle Transport on TCO

Noel Bartlo would talk to the Fuel Management Reps and work deals to use the
idle capacity. Listed below is what is currently idle.

Who     Contract # Rec Delivery Cap Idle
International Paper/Union Franklin 62076  A03 CGV1-34 755 755
International Paper/Union Franklin 62077  A03 CGV1-34 7400 7400
International Paper/Union Franklin 62077  A01 CGV1-34 7400 393
Aristech Chem    63895  Leach COH3-15 18500 18184
Bethlehem    no idle capacity (spot deals using it right now)
Allied Signal    no idle capacity
Alliance Tubular   no idle capacity

Since Enron is not using all of CES contracts, did not look at Columbia Gulf
(Mainline),

Fuel Management Reps for CES:
Fred Lombardo  Int Paper/Bethlehem Steel 724-873-1300
John Whited  Aristech Chem   724-873-1300
Lee Tippet  Allied Signal   614-481-1160

Before doing deals, please check with me to ensure this capacity is still
available.

Let me know if you need anything else.


Dear Sally,

Your subscription to Energy & Power Risk Management will expire this month.
The subscription cost through December, 2001, will be:

 Reg. Subscription Cost With Corp. Discount
Energy & Power Risk Management $375.00   $318.75

If you wish to renew this, we will be happy to take care of this for you.  We
would appreciate your responding by December 18th.  Please include your
Company and Cost Center numbers with your renewal.

Thank You,
Stephanie E. Taylor
eSource


Everyone,

Attached is the talking points for the Enron Overview.  Simon will send you
the presentation.

Feel free to add to for your own presentations.  As long as we get the basics
across, there is no problem with a little personalization.

Call me with any questions, or if you find data that does not seem correct.
After this week, call Hamd - he's the new guy!

Andrew


Just in case you want to have around............

---------------------- Forwarded by Kenneth Seaman/HOU/ECT on 02/07/2000
10:16 AM ---------------------------
Kenneth Seaman   02/07/2000 10:17 AM

To: Julie Meyers/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT
cc:
Subject: February Buyback Deals

Attached is my list for Feb. Please let me know if you see anything out of
the ordinary.

Ken


Tana:

ANP Marketing Company is NOT authorized to trade US power -- not a current
CP/not FERC approved

*****************************************
Sithe Power Marketing, L.P. - no change to profile -- authorized to trade US
power.  Rhonda, please confirm that the contract has not changed since we set
them up.

Leslie


Jim.

You may find this presentation about the Cuiaba story interesting .  I
developed it March 99 as a training tool for our new developers.  It took me
through December 99 to negotiate the remaining PPA indexation issues.  There
are two embedded Word files in the document (Sept 97 logs). From your
perspective,  you can subtitle it  "make up the regulation on-the-go". Such
is life in the developing world. When you read the log you will see that
under the circumstances, you always have one foot in and another out (getting
ready to terminate)

Rick Lammers is still continuing to close financing but facing other issues.
Primarily,  1) construction delays in the pipeline due to governmental
interference with the route (after getting construction license), 2)
technical problems with the Siemens turbines, 3) getting consent documents
out of the public entity bureaucracy, 4) getting the Central Bank to clarify
the US$ account regulations for the project.

Jose


My prior e-mail was undeliverable.  Here is the message I had sent earlier
this evening:  I hope to be e-mailing to you shortly a clean copy of the ABB
Transformer Purchase and Sale Agreement, as well as a blackline showing the
changes made from the WestdeutscheLB Agreement dated July 14, 2000.  We have
run into some formatting problems, which we believe are due to problems of
the system being able to read some of the formatting codes in the original
WestdeutscheLB Agreement that we received via e-mail.  I hope to have these
remedied shortly.

Peter J. Thompson
Andrews & Kurth LLP
1701 Pennsylvania Avenue, N.W.
Suite 300
Washington, D.C. 20007
Direct: (202) 662-2780
Fax: (202) 662-2739

______________________________________________________________________________
___
The information contained in this e-mail message is legally privileged and
confidential information intended only for the use of the recipient(s) namerd
above.  If the reader of this e-mail is not an intended recipient, you have
received this e-mail in error and any review, dissemination, distribution or
copying is strictly prohibited.  If you have received this e-mail in error,
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the copy you received.  Thank you.

(202) 662-2780
Fax (202) 662-2739
pthompson@andrews-kurth.com


Jack:
Enclosed is a new draft of the Schedules marked against the previous draft.
I believe that this draft responds to most of the issues raised in your
e-mails.  Just a few additional thoughts:

1. Since we will be redoing all of the existing confirms to refer to this
Master, I did not change the language that states that conflicts between the
Confirms and the Agreement are resolved in favor of the Confirm.  I think
that the language as written works.

2. On the setoff language, when we are the Non-Defaulting Party, we can only
pull in other agreements between our affiliates and inland so I don't see how
this language would impact any agreements between ENA and guaranty Bank
unless Inland is the Non-Defaulting party.

3. With respect to Disruption Fallbacks, our view is that if the Confirm
specifies a Fallback reference Price that after Postponement, you would use
that price if available.  I think that the language works as drafted.

4. On cash collateral, the Qualified institution concept only applies when
the non-posting party is a Defaulting party or has a Credit rating below the
threshold.  Otherwise the non-posting party can hold the collateral and do
whatever it wants to with it.  Your are correct that in practice this cash
gets commingled with corporate funds and swept into the party's bank account
but there is no requirement taht it work that way.

We look forward to having a call with your group next week.  Please e-mail me
with some days and times so that I can alert our people.  thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Thanks rae.  Debra Peppers is persistant so Flashfind may very well join our
organization.  $5,000 is good!

GISB1@aol.com on 04/25/2001 02:20:16 PM
To: shorton@enron.com
cc:

Subject: Flashfind

Stan -

Both JoAnn and I have spoken to Henry Norton at Flashfind.  We both told him
that the best way approach GISB regarding his product was to consider
membership and certification if it applied, and to send in a request if he
thought that standards should be developed.

We also told him that our organization has been very receptive to requests
for standards development, and have only declined to process a handful of
requests because they were out of scope.  If he considered that the request
for standards would improve and streamline the marketplace for natural gas,
and that it met both the mission and scope of our organization, it would have
a good chance of moving forward.  Our plate right now is pretty full, as it
always has been, but that has never stopped a company from requesting that
additional standards be development.

We also told him we would help him to write the request if needed and looked
forward
to working with him in the future.  I am not sure that he will follow up with
us on membership, certification or providing a request which would go through
our normal process.  I will keep you updated as or if this progresses.

Best Regards, Rae

The GISB mission statement, as adopted by the Board of Directors, is:
"The Gas Industry Standards Board mission is to develop and promote standards
to simplify and expand electronic communications, and to simplify and
streamline business practices which will lead to a seamless marketplace for
natural gas.  These standards will assist the natural gas industry in
improving customer service, enhancing the reliability of natural gas service
and increasing the competitiveness and efficiency of natural gas markets."

Scope Statement
The GISB scope statement, as defined in the Certificate of Incorporation, is:
"The objects and purposes of GISB are to propose and adopt voluntary
standards designed to promote more competitive, efficient and reliable gas
service, as such standards apply to electronic data interchange ("EDI")
record formats, communications protocols and related business practices that
streamline the transactional processes of the gas industry."


[IMAGE]

It's that time of  year - the Princess it turning 22.
We are taking her to  Chucky Cheese on Weslayan at 11am  tomorrow.

We would like you to  come too! Please let me know if you can come
by replying to this  email. If you know of anyone else who would like to
come, please forward  this email.

Oh yeah -- and it is  a surprise. So -shhhhhhhhhhh.

-Beth


As evidenced by an exceptionally strong performance in the second quarter,
Enron,s wholesale energy businesses in North America and Europe continue to
experience tremendous growth.  The opportunities to continue to grow our
natural gas and power businesses have never been better and it is critical to
Enron,s future success that we remain focused on expanding these businesses
and maintaining the strong momentum we have in these markets.

It is equally important that we continue to develop new businesses outside of
gas and electricity, which can make significant contributions to our earnings
growth.  We have made significant progress in developing these businesses in
North America, Europe, and most recently in our new Net Works business unit.
Included in these global businesses are our efforts in crude and products,
coal, emissions, insurance, currency, equity trading, interest rates, credit
trading, paper and pulp, and metals.

While significant progress has been made in these efforts we need to
accelerate the growth of these new businesses while continuing to
aggressively expand our core gas and electricity businesses in North America
and Europe.  In order to accomplish these two objectives and to capitalize on
the increasingly global opportunities in these new businesses we are today
announcing the formation of a new business unit ) Enron Global Markets.  This
new business unit will focus on markets and commodities which are global in
scope, but outside our traditional gas and power markets.  This new core
business unit will operate in parallel with and in close coordination with
the North American and European businesses.

Enron Global Markets will be headed by Mike McConnell, President and Chief
Executive Officer, and Jeff Shankman, Chief Operating Officer.  They will
report to Mark Frevert who will be Chairman of Enron Global Markets.  Mark,
Mike and Jeff will comprise the Office of the Chairman for Enron Global
Markets.

Included in this new business unit and reporting to the Office of the
Chairman will be the following businesses and their leaders:
- Global Crude and Products:     John Nowlan
- Coal:         George McClellan
- Currency, equities, interest rate and agricultural trading:  Gary Hickerson
- Insurance and weather:      Jere Overdyke

Enron,s metals business and Enron Credit.com will remain the responsibility
of Enron Europe. The Paper and Pulp business will continue to reside in North
America.

With the departure of Mike McConnell from Enron Net Works, we are pleased to
announce the following appointments in that business unit:
- Jeff McMahon: President and Chief Operating Officer
- Louise Kitchen: Chief Commercial Officer
- Philippe Bibi:  Chief Technology Officer

Jeff, Louise and Philippe, along with Greg Whalley,  will comprise the Office
of the Chairman for Enron Net Works.

With Jeff Shankman,s departure from Enron North America,s natural gas
operation, all of Jeff,s direct reports will report to John Lavorato.

We are also pleased to announce the following changes to the Enron North
America Office of the Chairman.  John Lavorato will join the ENA Office of
the Chairman as Chief Operating Officer.  Dave Delainey will assume the role
of President and Chief Executive Officer.  Mark Frevert will retain his role
as Chairman of Enron North America in addition to his role as Chairman of
both Enron Global Markets and Enron Europe.

Please join us in congratulating everyone in their new assignments and in
supporting the new Enron Global Markets organisation.


Sue,
Mary Hain suggested I clarify my understanding of what EES is asking
for.  EES is not requiring the parenthetical comment under (2) below to be
included in the response.  EES's key points for inclusion are:

1.  Change the requirement to 90%     OR
2.  Apply the 95% penalty solely to underscheduling of load
3.  The rule applies to an entities' entire load.
4.  Smaller scheduling coordinators (i.e. smaller than the PX or IOUs) have
less diverse loads and are more subject to unforeseen swings -- so 95% is
very difficult to
achieve -- another disincentive to direct access and competition.

Is this correct?

Thanks
Gary

-----Original Message-----
From: Susan.J.Mara@enron.com [mailto:Susan.J.Mara@enron.com]
Sent: Wednesday, November 22, 2000 10:43 AM
To: James.D.Steffes@enron.com; Joe.Hartsoe@enron.com;
Richard.Shapiro@enron.com; Steven.J.Kean@enron.com;
Paul.Kaufman@enron.com; rcarroll@bracepatt.com; kcurry@bracepatt.com;
Tim.Belden@enron.com; Robert.Badeer@enron.com; Jeff.Richter@enron.com;
dbenevid@enron.com; jwhalan@enron.com; nbresnan@enron.com;
Jeff.Dasovich@enron.com; Mona.L.Petrochko@enron.com;
Alan.Comnes@enron.com; Sarah.Novosel@enron.com;
Christopher.F.Calger@enron.com; David.Parquet@enron.com;
cfergus@brobeck.com; lanai.wolfe@enron.com; lanaiwolfe@enron.com;
Mary.Hain@enron.com; steve.c.hall@enron.com; gfergus@brobeck.com;
Richard.B.Sanders@enron.com
Subject: *** EES OPPOSITION TO UNDERSCHEDULING PENALTY ***
Importance: High

EES is concerned about the 95% requirement.

What EES would like is to do is to ask FERC for a modification as follows:

1.  Change the requirement to 90%     OR
2.  Apply the 95% penalty solely to underscheduling of load (the draft
order talks about it as a deviation, implying plus or minus, even though
the section talks only about underscheduling of load)

Also, EES would like some clarification that the rule applies to an
entities' entire load.

We can justify these modifications by pointing out that smaller scheduling
cooridinators (i.e. smaller than the PX or IOUs) have less diverse loads
and are more subject to on forseen swings -- so 95% is very difficult to
achieve -- another disincentive to direct access and compeition.

Time is marching on--

THIS OK?

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To Our Readers:

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Tony Harris
Grbac  30
Mason    0

Gary Taylor
Richardson 10

Gary Lamphier
Herman Moore 45
Thrash    1

Martin Cuilla
Autry  31
Pittman  31
Jackson 11
Jets    1

Bill Kasemervisz
Denver K  1

Mike Morris
Philly K   0


My, my, aren't you bold!  I think we should all go together, but not sure if Nat and Lorena will go for the limo.  Nat's ALWAYS broke and Lorena is not working.  Nat said Jeff might drive.  Apparently, he has a DUI and will not drink.  That could be a possibility.  I'll find out.

----- Original Message -----
From: Lucci, Paul T. <mailto:Paul.T.Lucci@ENRON.com>
To: lisab <mailto:lisab@int.iwhm.com>
Sent: Wednesday, October 24, 2001 8:57 AM
Subject: RE:

No I'm planning on undressing you!  Should we look to get together?

-----Original Message-----
From: lisab [mailto:lisab@int.iwhm.com]
Sent: Wednesday, October 24, 2001 9:10 AM
To: Lucci, Paul T.
Subject: Re:

It's just 3 of us right now.  Me, Natalie, and Lorena.  I think Natalie's friend, Jeff, might be joining us as well.  I know we all talked about not drinking and driving so the limo is a great idea.  I'll mention it to them.  We all have costumes.  Are you still planning to dress up as me??

----- Original Message -----
From: Lucci, Paul T. <mailto:Paul.T.Lucci@ENRON.com>
To: lisab <mailto:lisab@int.iwhm.com>
Sent: Wednesday, October 24, 2001 8:18 AM
Subject: RE:

I was thinking of renting a Limo ($70.00/hr), so we don't have to drive.  But, everybody that was thinking of going with me is backing out.  What do you think?  I want to drink but I don't want to drive.  How many girlfriends do you have going.  Oh by the way my costume is very weak.

Paul

-----Original Message-----
From: lisab [mailto:lisab@int.iwhm.com]
Sent: Wednesday, October 24, 2001 8:26 AM
To: Lucci, Paul T.
Subject: Re:

Me and my girlfriends are planning to go out.  We don't have a plan as of yet.  What are you guys doing?

----- Original Message -----
From: Lucci, Paul T. <mailto:Paul.T.Lucci@ENRON.com>
To: lisab <mailto:lisab@int.iwhm.com>
Sent: Tuesday, October 23, 2001 1:18 PM
Subject: RE:

Yes, and what are you doing for Halloween (Saturday Night)?

-----Original Message-----
From: lisab [mailto:lisab@int.iwhm.com]
Sent: Tuesday, October 23, 2001 9:58 AM
To: Lucci, Paul T.
Subject:

Good morning.  How are things?  You guys still planning your happy hour on Friday?

**********************************************************************
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.
**********************************************************************


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

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

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

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

Thanks-

John


Thanks for the update. The cancelllation notice is important because Enron
Fuels International then has to cancel their supply agreement with Nicor.
HMPC stills owes EFI $68,695.76 for fuel related invoices. Whom should we
direct the final billing to?

James A Hughes@ENRON_DEVELOPMENT
11/28/2000 08:37 AM
To: Doug Leach/HOU/ECT@ECT
cc: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric
Tan/SIN/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Marc
De La Roche/HOU/ECT@ECT
Subject: Re: HMPC

HMPC has NOT been sold.  Sale is pending subject to final payment from
HEPCO.  At such time as poayment is received and the sale consummated, we
will cancel the fuel supply agreement and the other project agreements.

Jim

	From:  Doug Leach @ ECT                           11/28/2000 07:57 AM

To: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Eric Tan/SIN/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Dan J
Hyvl/HOU/ECT@ECT, Marc De La Roche/HOU/ECT@ECT

Subject: Re: HMPC

If in fact the plant has been sold it is even more important that we receive
formal notice from HMPC regarding the cancellation of the fuel supply
agreement. Who handled the sale of HMPC's assets?

---------------------- Forwarded by Doug Leach/HOU/ECT on 11/28/2000 07:54 AM
---------------------------

Eric Tan
11/27/2000 09:59 PM
To: Doug Leach/HOU/ECT@ECT
cc:
Subject: Re: HMPC

Doug,

I feel we should arrange to cancel the contract formally for good records.

All the people I knew in HMPC have already left the company.  Understand the
plant been sold!!

Nicor Petroleum - been re-organized, all the personnel who was involved in
the fuel contract have also left the company.

I will also be leaving Enron at the end of the year for retirement.

Regards
Eric

	Enron Capital & Trade Resources Corp.

	From:  Doug Leach                           11/28/2000 12:23 AM

To: Marc De La Roche/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Dan J
Hyvl/HOU/ECT@ECT, Eric Tan/SIN/ECT@ECT
cc:
Subject: HMPC

---------------------- Forwarded by Doug Leach/HOU/ECT on 11/27/2000 10:22 AM
---------------------------

	From:  Doug Leach                           11/27/2000 10:21 AM

To: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: HMPC

Enron Fuels International (EFI) has a long term gasoil supply agreement with
HMPC which has not been used for several years. What is the current and
future status of the plant? If the plant is not going to operate and not need
liquid fuel deliveries, then I need someone within HMPC to send a formal
notice to EFI cancelling the fuel supply contract. We have requested this
several times over the past few years to no avail.


Notice No. 00-411
November 30, 2000

TO:
ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL COMEX DIVISION MEMBERS AND MEMBER FIRMS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: Current and Historical Silver Stocks at Brink,s Inc. and Delaware
Depository Service Company, LLC.

Effective Thursday, February 1, 2001, Brink,s Inc. in Brooklyn, New York and
Delaware Depository Service Company, LLC in Wilmington, Delaware will become
Licensed Depositories for the storage and delivery of silver against the
COMEX Silver Futures Contract.

In order to provide the market with relevant data pertaining to both Brink,s
Inc. ("Brink,s") and Delaware Depository Service Company,s ("DDSC") silver
stock figures, the Exchange will report both current and historical stock
figures from both companies commencing on November 27, 2000.  The Exchange
will then report the stock figures on November 30th, December 15th, December
29th 2000 and January 16th, 2001 in a separate report from the daily metal
warehouse statistics.  Effective February 1, 2001, the Exchange will begin
reporting the eligible and registered silver stocks in the daily metal
warehouse statistics for both companies.

Troy Ounces of Silver Eligible for Exchange Delivery

December 31, 1999     Brink,s:   1,007,397         DDSC:    7,543,394
March 31, 2000       Brink,s:      81,262         DDSC:    6,364,264
June 30, 2000         Brink,s:   1,403,707         DDSC:    6,133,597
September 30, 2000    Brink,s:   1,337,124         DDSC:    5,990,871
October 31, 2000      Brink,s:     583,547         DDSC:    5,956,461
November 15, 2000     Brink,s:     218,975         DDSC:    5,957,369
November 30, 2000     Brink,s:     780,510         DDSC:    5,961,249

Eligible and Registered Silver

The eligible silver stocks at both companies and that of the daily metal
warehouse statistics are limited to silver bars that meet the Exchange,s
criteria for delivery.  This criteria specifies that a silver bar must weigh
1,000 troy ounces, plus or minus 10% and be on the Exchange,s Official List
of Approved Refiners and Brands for silver.  The eligible stocks denoted
here, and in the daily warehouse statistics, do not include such items as 100
troy ounce silver bars or silver coins.

Specifically, eligible metal is not the same as registered metal.  Registered
metal is defined as metal which meets the standards for delivery as stated in
the COMEX Rules and for which a COMEX Depository Receipt (Warrant) has been
issued.  Eligible metal is defined as metal which meets the standards for
delivery as stated in the COMEX Rules and for which no COMEX Depository
Receipt (Warrant) has been issued.

In order for eligible metal to become registered metal, the owner of the
metal must have an Exchange Licensed Depository issue a Depository Receipt
(Warrant) on those silver bars meeting Exchange standards comprising 5,000
troy ounces (plus or minus 6%) stored at its facility.

Depository Charges

Brink,s Inc.
Effective  Thursday, February 1, 2001, the rate for storage and handling
applicable to silver held on Exchange warrant at Brink,s Inc. will be as
follows: Storage: $18.50 per contract per month; Handling out: $65.00 per
contract.

Delaware Depository Service Company, LLC
Effective  Thursday, February 1, 2001, the rate for storage and handling
applicable to silver held on Exchange warrant at Delaware Depository Service
Company, LLC will be as follows: Storage: $18.50 per contract per month;
Handling out:  $65.00 per contract.

Should you have any questions regarding the above, please contact Albert J.
Getz at 212-299-2608.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-411)"

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


Sounds promising - keep it moving.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/26/2000
02:26 PM ---------------------------

Don Miller
06/26/2000 08:47 AM
To: David W Delainey/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT
cc: Mike J Miller/HOU/ECT@ECT
Subject: FPL Update

We spent three days meeting with the FPL guys last week.  The meetings were
productive, and we are making progress.  Lew has instructed these guys to get
down into a lot of detail on the business plan/core competencies, which we
did!

They also floated the valuation of their existing assets - $3.1B for 3947 MWs
or $789/kW.  We walked them through our peaker valuation as well.  We didn't
debate the valuations, but rather we decided to go ahead and have Clement and
Jinsung try to pull together a consolidated model for NewCo.  That is being
done, and should be ready Monday/Tuesday.

It is apparent from these meetings that they are looking for ENRON to provide
several key pieces to NewCo (other than peakers and dev. projects):

1. Enron culture and emphasis on intellectual capital (including HR approach).
2. Trading and marketing expertise.
3. Enron style finance.
4. Select management spots.
5. Supplement development team.

The interesting debate is how we get compensated for the significant impact
that the Enron "halo" is going to have on NewCo's IPO ( particularly if we
deliver the items listed above).  I raised this incremental value issue with
them.

FPL's key pieces include:

1. Core "operating" competencies and asset management techniques.
2. Construction management techniques.
3.  Select management spots.
4.  National development team.

The FPL risk in this whole exercise is if Lew is unsuccessful in convincing
Broadhead that owning some % of NewCo is not a better value proposition that
owning 100% on FPLE; and/or the decision to wait until Florida deregulates
before spinning out FPLE.  Glenn Smith stopped by last week and he
highlighted these issues as well.

We have a lot of work to do this week including a need to determine Trading &
Marketing model; develop potential services agreements (QF, back office);
refine our financial model and expand to include new projects, turbine capx,
etc.; expand development framework;  pull pitch together to float NewCo by
investment bank, etc.....

I am happy to expand on exactly where we stand with FPL.  I guess we also
need to think about staffing if both Cinergy and FPL move forward (let's just
sell the peakers to Cinergy for $1.25B and let them do their own IPO).

Regards,

Don


Here's a first draft of the NRG loi.

Kay


Please update as you fill in the rest of the dates.  Thanks.

Mark


At the request of Nelson Ferries, attached is a draft of ENA's GISB with
special provisions.  Please give me a call with your questions and or
comments at (713) 853-7658.

Regards,

Debra Perlingiere
Legal Specialist


----- Forwarded by Jeff Dasovich/NA/Enron on 01/05/2001 04:12 PM -----

	Cynthia Sandherr
	01/05/2001 04:10 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT
		 cc:
		 Subject: Barton Statement on CA Electricity Situation, 01/05/01

> Contact: Samantha Jordan
>                (202) 225-2002
> Date:      Friday, January 5, 2001
>
> Statement RE: Electricity Price Concerns in California
>
>  "Electricity restructuring, in principle, did not cause the problems
> California is experiencing -- it just exposed them more obviously to
> consumers there.  California did not deregulate properly, nor did it
> ensure a sufficient power supply.
>
>  The state framework in place in California created a situation
> allowing for almost zero growth in generation and almost zero growth in
> transmission at a time when the service region's population was growing
> substantially.  The strict process to obtain permits or new licenses
> limits interest in constructing new power plants and transmission lines.
> California's stringent environmental standards, the most rigid in the
> nation, restrict the interest of new providers wishing to enter the
> market.  The California legislation was therefore enacted in an
> environment in which consumers were not encouraged to limit usage, demand
> continued to increase and the power reserves began to deplete.  The
> surrounding states, strapped by their own growth, have been unable to
> provide additional power supplies to California at a reasonable cost.
>
>  Unfortunately, the Clinton Administration and the California
> government had an opportunity as early as last summer to foresee this
> oversight and make changes that would have helped stave off this
> situation, however they chose not to make the fundamental changes
> necessary.  The problems in the state's market were obvious months ago and
> earlier action could have avoided a crisis.  The actions now necessary did
> not need to be this painful.
>
>  Governor Davis should be looking for a practical, California-based
> solution rather than name-calling, threatening and playing politics with
> the pocketbooks of his consumers and stockholders.  It is very important
> to keep independent generators of power interested in selling to
> California -- these crucial participants should not be scared away when
> California needs power the most.
>
>  When the 107th Congress convenes for business, it is my intention to
> hold a series of hearings, focusing not only on the California situation,
> but the overall energy situation in the United States.  I have also
> requested a meeting with Bush officials to discuss these issues, and
> develop a plan of action to deal with them, as soon as the Administration
> is formally in place."
>
>
> -U.S. Representative Joe Barton (R-TX)
>
> As Chairman of the House Commerce Subcommittee on Energy & Power, Barton
> was responsible for the first comprehensive electricity deregulation
> package to pass a House Subcommittee.  He is expected to be re-appointed
> to this chairmanship in the 107th Congress, where he will have House
> jurisdiction over all energy matters.


Rick

Attached please find the project update.

Thanks,

Ding.


john
attached please find a few images of Alfa &  Greg systems by Zanotta.
tommy
 - gregimage email.jpg
 - alfa email image 8.jpg
 - alfa email image 9.jpg
 - greg composition email.jpg
 - alfa email image 1.jpg


kenneally's sat afternoon.  you in?


Vince/Stinson,

Please find below two attachemnts.  The Excell spreadsheet shows some
calculations on the savings from using Dabhol power as against a diesel
genset operating at a higher heat rate.  There is also a differential in
price of diesel, as against naphtha used by the plant.  I have taken data
from the Septemeber bill of DPC.  We do not want to give the actual numbers
to the press, since they ar likely to have a field day with the 6 cent/kWh
energy price of Dabhol that is reflected there.

The seond attachement (Word) has the wordings that I think we can send in to
the press.  Please review the calculations and the note, ad if you find this
satisfactory, please forward to Jeff/s.

I am availabel on mobile if you have questions o clarifications.  The number
(610 MW) for total captive generation in Maharashtra) is taken from Mohan
Gurunath's presentation on this.

Regards,
Sandeep.


Please print and fax to me at home.  Thanks
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/25/2000 08:40
AM ---------------------------

	From:  Scott Healy @ ECT                           10/25/2000 08:32 AM

To: Kay Mann/Corp/Enron@ENRON
cc: Stephen Plauche/Corp/Enron@Enron

Subject: Re: FuelCell peformance levels

1.  There will be a sound guarantee.

2.  Output & efficiency we definitely want FCE to exercise commercially
reasonable efforts to achieve their expected specifications.  I am not
certain on the other guarantee points.  My answer will be influenced by what
ENSR and the technical people tell me.

Steve--Have you received the specifications and guarantee points for the 2.4
MW units.  Have you forwarded to ENSR?


T.J.

Thanks for the picture.  I'm glad you guys like the gift.  Luke looks just
like Rena, huh?

As far as Ricigs goes, I don't have his phone # or address.  I think Moller
does though.
Let me know  if you need his #.  Take care and tell Rena and Luke we said hi.

Kevin


Hi Sara,  the financial companies attachment above is all companies that we
have trades with that flow in 2000 or out into the future.  I also have
indicated whether we have a financial contract with the company or not (to my
knowledge).  The financial deals attachment is all of the deals that flow in
2000 or out into the future and the terms of those deals.

Let me know if you need anything else.
Thanks,
Melissa
3-1886

There are two companies in the attachment with similar names.  PPL
Corporation and PPL Electric Utilities Corporation.  I am about to call my
contact at PPL to determine if the deals under PPL Electric Utilities should
be changed to PPL Corporation.  We are selling on both deals under PPL
Electric Utilities Corporation so hopefully they will sign our confirms.
They have already signed one of our confirms but I may have to change the
name on the confirm and re-send it.


Travis and Stacy,

I just heard from the Hesco guys and they would like to set up a meeting or conference call to discuss the master and collateral assignment documents.  I think that they have some questions and comments.  Please let me know when you are available and  your preference, meeting or conference call, and I will set it up.

Thanks,

Kim


Marie's move is scheduled for Friday, 5/25/01 at 5pm.

Taffy Milligan
Sr. Admin Assistant
EWS-Legal
Tele: 713-345-7373
Fax:  713-646-6058


ONE LAST REMINDER .... PLEASE RSVP BY FRIDAY, NOV 30

Angel Flight South Central would like to invite you to a fly-in BBQ at Giddins-Lee County airport (62H), Saturday December 15th. 12:00 noon to 3:00 pm  Come on out and meet some of your fellow pilot and volunteers helping to make organization a successful one.City meat market will be preparing sausage, brisket, and pork, with potato salad, beans, rolls, and iced tea. To off-set our cost a $5.00 donation would be appreciated.

HOW TO GET THERE:

BY AIR
Giddings-Lee County Airport
3 miles West of the City
VOR DME approach
IDU VOR 110.2
293 radial at 25.2 nM
NDB
Location.........On Field
Identification... GYB
Frequency......385
Communications
979.542.6237
Unicom 123.05

Please RSVP to by November 31 so we can get a better idea of how many to expect. Thanks and we look forward seeing
you.

thank you
Beth
972 458 0700
afsc@angelflightsc.org


Start Date: 2/5/02; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020524.txt
!!!General SQL error.
Couldn't update; currently locked.
Table

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

  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 2/5/02
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: ENRJ_CISO_3000
  ENGY_TYPE: FIRM


F/y/i -- The proposed Enron media position on the LNG vessel fire incident is
set forth as an attachment below.  Enron PR is anticipating (and in fact may
have received) a question or two from the international shipping press re the
incident as it is well known in LNG and shipping circles that Enron recently
signed a timecharter for the service of this vessel.

We're still gathering info re the incident (the shipowner appears to be
cooperating fully but still has significant access restrictions due to the
pending investigation) and will relay any relevant info we receive.  We have
asked for a copy of any official incident report when it is available.  To
date, we have not received any communications regarding potential involvement
in a claim.  Although it is always possible that we could be named, we are
confirming with maritime counsel that our exposure under maritime and tort
law in connection with this incident is slight, if any, as we had no
involvement in or control over the shipyard operations and the vessel had not
been delivered into service for Enron at the time of the incident.

Stay tuned for more as things develop.

Kind regards,
Dan
---------------------- Forwarded by Daniel R Rogers/ENRON_DEVELOPMENT on
11/07/2000 12:55 AM ---------------------------

Johan Zaayman
11/06/2000 06:00 PM
To: Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tony
Galt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Urgent review of revised statement/Q&As: Ship fire media inquiry

Dan,

Many thanks for your comments. We concur fully with your revised version.

Regards,

Johan

Daniel R Rogers
11/06/2000 03:33 PM
To: Johan Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tony
Galt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Urgent review of revised statement/Q&As: Ship fire media inquiry

Johan,

My suggested revision is attached.  Please call if you have any questions or
comments.

Kind regards,
Dan

Johan Zaayman
11/06/2000 12:01 PM
To: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tony
Galt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Urgent review of revised statement/Q&As: Ship fire media inquiry

Wayne, Nancy:

Attached is a revised media statement and Q&As re the fire damage of the
Hoegh Galleon.

Wayne: I have incorporated in a Q&A how this incident would impact our
business (ref your conversation with Andrew Morrison)
Nancy: I have also addressed your concerns as per your e-mail

Grateful if you could please review and comment as soon as possible. We have
a pending media inquiry so your urgent response would be greatly appreciated.

Thanks,

Johan

---------------------- Forwarded by Johan Zaayman/ENRON_DEVELOPMENT on
11/06/2000 11:54 AM ---------------------------

Johan Zaayman
11/06/2000 10:51 AM
To: Andrew Morrison/LON/ECT@ECT
cc: Eric Gonzales/LON/ECT@ECT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Ship fire media enquiry

Andrew,

As per out telephone conversation, I will coordinate the final approvals for
the below response as well as an earlier statement that is currently being
circulated. I will forward you the approved statements later.

Thanks,

Johan

Andrew Morrison@ECT
11/06/2000 10:02 AM
To: Johan Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Eric Gonzales/LON/ECT@ECT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Ship fire media enquiry

Johan

Please see below.

I have contacted both Eric Gonzales and Wayne Perry about this and we propose
a reply such as the one below.  However, before I respond, Wayne says that
you may already have something on this pre-drafted and wish to deal with the
enquiry yourself.  Please let me know how you would like to proceed.

Thanks

Andrew

PS Which other groups do you do PR for?

Suggested statement / response

Lucy

Further to your enquiry below I can confirm that as we had not committed
cargoes to the vessel prior to the incident we are not looking for extra
shipping capacity at this time. The extent in delay in delivery is unknown
until a full assessment of the repairs required is completed.  It is
important to note that although Enron has a Charter on the vessel we have not
yet been delivered under that charter as it was still undergoing
refurbishment by the Owner at the time of the fire.  Should you wish to
enquire about the statues of the vessel, please call the owner directly.

---------------------- Forwarded by Andrew Morrison/LON/ECT on 06/11/2000
16:01 ---------------------------

"Lucy Hine" <lucy.hine@tw.nhst.no> on 06/11/2000 13:14:14
Please respond to lucy.hine@tw.nhst.no
To: "Andrew.Morrison@enron.com" <Andrew.Morrison@enron.com>
cc:

Subject: (no subject)

Hi Andrew, we had a report about a fire on an LNG carrier Hoegh Galleon
that is due to begin a charter to Enron on 10 December. Is there anyone
I can put questions to about this? I wanted to ask if Enron would need
to use additional tonnage to move cargoes, in the interim, while the
delayed vessel completes repairs, and if yes, has it managed to arrange
this.
Many thanks,
Lucy Hine
TradeWinds
Tel: 0207 842 2746


Libby Rutherford would appreciate a short explanation from you regarding the
cross default threshold.  She was interested in knowing which financials we
were reviewing together with the explanation.  Our latest draft provides all
parties with $100 million.

Libby's e-mail address is:     rutherford@pg.com


Are you and Herman ok with this?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/11/2001 12:46
PM ---------------------------

Scott Laidlaw@ENRON_DEVELOPMENT
04/11/2001 12:37 PM
To: redelman@roe.com, emiller@roe.com
cc: Renee Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron, Bob
Carter/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron

Subject: coal initiative - request for short fuse support

burns & roe - greetings.

our understanding is that our current PSA with you has lapsed.
however, ms. renee alfaro has sent an extension letter to extend that PSA.
at this time, enron's position is that we are unable to use the
lapsed/extended PSA for work on the coal initiative - i.e., accounting rule
requirements.

however, we'll be sending you soon a cc of a PSA that is compliant with our
off-balance sheet accounting requirements.  plz stay tuned.

but, in the interim, let's get started on the "short fuse" request for info
from enron using just a tasking letter with a not-to-exceed without prior
approval price of $10,000 and a commitment from enron to pay said related
invoice(s).

attached is a copy of the tasking letter that we discussed on the phone.  plz
sign, date and return fax this tasking letter back to me.  upon receipt, i'll
sign, date and fax you back a record copy.

plz call with any questions.

regards.  scott.


Thanks for sending me your thoughts from the meeting you attended.  These are
interesting, and definitely can relate to some of the things that we
discussed in Dallas.  Please continue to send me any thoughts you have on the
subject.  I will organize a recap of the recent work we have done in trying
to "size" the market for our services and get that out to all attendees
within the next week or so.  --Sally

Richard Sage
03/07/2001 07:24 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: FYI: STP and T+1

Sally,
I went to a seminar on Monday evening organised by a consultancy called The
Capital Markets Company, who did the market analysis on the T+1 idea for the
Global STP association.
Attendees were UBS Warburg, Goldman Sachs, Morgan Stanley, Depository Trust
Company etc
The subject was nominally how moving to T+1 settlement in the financial
markets would affect STP, but it ended up going rather wider than that.
There were distinct echoes of some of the discussions at the ASE in Dallas,
so I thought you might be interested to see some of the thoughts expressed:

It seemed that every bank was hoping to be able to sell the back-office
services, but no-one seemed to be willing to buy!
Some people would only ever buy if there was more than one supplier, so that
there was a competitive market.
Somebody will eventually break through to be able to offer the services.
One cannot avoid having to understand processes by outsourcing - one needs to
understand the process in order to police the SLA.
Support personnel perceive that it will probably be 5 years before it becomes
so difficult to make more more in the front office that there will be serious
focus on saving money in the back office.
Nobody's compensation is realistically tied to achieving operational metrics.
Nothing will change until there is a crisis.
T+1 would just increase the number of fails. (this might be the crisis which
would drive out the weaker players which would mean that the remaining
players would be only dealing with better--organised counterparties which
would decrease the number of fails)
This last point prompts the thought that the quickest way to generate lots of
demand for EEO services from outside would be to have the standard cycle
times reduced (have FERC insist?). But we would have to make sure we could
cope to!


Charles Schwab & Co., Inc.
Email Alert

Internet Daily
for Tuesday, November 20, 2001
by Frank Barnako CBS MarketWatch.com

Stocks, bonds and babes

If the bottom falls out of the market, wouldn't it be better to
hear about it from someone not wearing a bottom? Perhaps this
was the genesis of MarketwrapUnwrapped.com, a Sydney,
Australia-based Web site featuring naked women offering stock
market reports. Streaming video of two women, wearing little but
smiles, greets visitors to the site. "Oh, hi! Thanks for
checking us out," says one of them, Georgie Jestico. The Web
site's biography section says she was born in England and has
completed two years at "San Francisco University," though
there's not a school in San Francisco by that exact name. She
and three other anchor/models deliver "all the market news.
Takeovers, mergers and bums," they say in a video teaser to
encourage subscribers to pay $9.95 monthly for real-time
updates. The announcers begin their reports clothed, and remove
clothing as they go through the news. "There is no market
advice, it's just a wrap," explained Sam Ruddock, the site's
managing director, in an interview with Reuters. "It is very
tame. It's only R rated," he added. Launched two weeks ago,
Ruddock said the site has 50 subscribers.

Another such site, NakedNews.com, has been in business in two
years. It recently expanded to offer two channels of
programming, and now features 10 women and four men reporting
news, sports and weather.

-----------------------------------------------------------------
Online retailers get federal warning

The Federal Trade Commission has reminded online retailers of
its regulations on shipping. The FTC said it surveyed 110
Internet retailers and notified 72 of them of the mail order
rule. It requires merchants to send orders to buyers consistent
with the site's claim, or, if no time is stated, within 30 days.
The commission found 52 of 110 sites made "quick-ship claims."
Inadequate warranty information was also found on 52 sites, the
agency reported. The warranty rule requires written warranties
on consumer products costing more than $15 be made available to
consumers before they buy.

The number of complaints about Internet retailers has become
comparable to those about telemarketers and auto repair shops.
The National Association of Consumer Agency Administrators and
the Consumer Federation of America said consumer complaints
about the Internet ranked eighth among the groups' top 10
categories. The most commonly cited problems were about online
purchases and auctions. "People don't always get what they order
over the Internet and sometimes they don't get anything at all,"
said Wendy Weinberg, executive director of the NACAA. She
suggested buyers use credit cards, print out receipts and vary
passwords on Web sites.

-----------------------------------------------------------------
Online shopping holds little interest for most

Only one out of nine people say shopping online is their
preference for this holiday season, according to Accenture
research. "Given a heightened fear of terrorism, it was somewhat
surprising the physical store was by far the most popular
shopping venue," the consulting firm's report said. For all
shoppers, clothing items are the most popular gift items.

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

For late-breaking market news you can't afford to miss, go to
http://CBS.MarketWatch.com/

================================================================

LOGIN to access your account:

https://investing.schwab.com/trading/start

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

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

Notice: All email sent to or from the Charles Schwab corporate
email system may be retained, monitored and/or reviewed
by Schwab personnel. (0801-11478)

Copyright 2001 CBS MarketWatch. All rights reserved.
Commercial use or redistribution in any form, printed or
electronic, is prohibited.

Distribution by Quris, Inc.


Just a reminder for HE 18-20 today
c

---------------------- Forwarded by Cara Semperger/PDX/ECT on 02/06/2001
07:36 AM ---------------------------

Lisa Gang
02/05/2001 04:23 PM
To: BILL.WILLIAMS.III@ENRON.COM, Stanley Cocke/PDX/ECT@ECT, Jeremy
Morris/PDX/ECT@ECT, Brian Robinhold/PDX/ECT@ECT, Geir Solberg/PDX/ECT@ECT,
Holden Salisbury/PDX/ECT@ECT, Jesse Bryson/HOU/ECT@ECT, Michael M
Driscoll/PDX/ECT@ECT, Lester Rawson/PDX/ECT@ECT
cc: Cara Semperger/PDX/ECT@ECT, Donald Robinson/PDX/ECT@ECT
Subject: BPA AND PGE SCHEDULE REINSTATEMENT

Please reinstate the following schedule on Real Time for 1mw for HE 18-20.
PRM forgot to call it into BPA.  Please remind PRM to call it into BPA.

Empower #486140 - purchase BPA

Empower #513682 - sale to PGE

Path:  BPA@sys#23928-NAC-BPA(t)sys/sys#96111NF-NAC-BPA-EPMI-PGE@SYS

Thank You

Lisa


Jan will be setting up a call today to discuss EES' ability to pass the "3
cent surcharge" through under its contracts.  Marty would like our advice on
this today, so I hope you are available.  Thanks.

P.S.  Vicki and Marty, please let Jan know if you wish to be included in the
call or just want the result.


Rob can you give Om a call.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/29/2000
09:50 AM ---------------------------

John J Lavorato@ENRON
11/29/2000 09:24 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Power Project in British Columbia

Isn't this our world.

John
---------------------- Forwarded by John J Lavorato/Corp/Enron on 11/29/2000
09:17 AM ---------------------------

Om Bhatia
11/28/2000 04:53 PM
To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: Power Project in British Columbia

Northland Power (a power plant operator) from Toronto has joined hand with
Nepco to build a large cogen plant in BC with possible power off-take
agreement for US Pacific NW (Washington/Oregon). Northland power asked me if
Enron would be interested to quote indicative prices for this project. Would
you please advise me with who is responsible for this kind of projects?
Thanks for your help.

-Om Bhatia
EIM - Pulp & Paper


Reply Message:
Reply from STEVEN KEAN  is Thank you to Jeff.Dasovich@enron.com||chk email for CA update.

Original Message:
Jeff.Dasovich@enron.com||chk email for CA update.  jeff


Shelley, Larry Berger has put together the 4 PAA's based on these employeef efforts

 on the testing of the new Flowing Gas Documents.  They did a very good job and I think

it would be good tor recognize them for their work on testing while they continued to

keep their day to day activities under control as well.

Diana Porter and Jean Adams are for $150

Kathy Sturr and Renee Perry are for $250

If you approve, please process these PAA's.  If you have any questions, please let me know.

Thanks. Lynn


----- Forwarded by Elizabeth Sager/HOU/ECT on 06/15/2000 02:21 PM -----

	Genia FitzGerald
	06/15/2000 08:59 AM

		 To: DRusso@reliant.com
		 cc: Elizabeth Sager/HOU/ECT@ECT
		 Subject: EEI Master Purchase and Sale Agreement

Per your conversation with Elizabeth, please find attached Enron Power
Marketing, Inc.'s standard cover page for the above referenced Agreement.
Don't hesitate to let me know if you need anything else.  I can be reached at
(713) 853-6389.

Genia FitzGerald


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/02/2001
04:43 PM ---------------------------

	From:  Phillip K Allen                           02/02/2001 02:40 PM

To: stagecoachmama@hotmail.com
cc:
Subject:

Lucy,

Please fix #41 balance by deleting the $550 in the "Rent Due" column.  The
other questions I had about last week's rent are:

#15  Only paid 95 of their 190 on 1/19 then paid nothing on 1/26.  What is
going on?

#25  Looks like she was short by 35 and still owes a little on deposit

#27 Switched to weekly, but paid nothing this week.  Why?

I spoke to Jeff Smith.  I think he was surprised that we were set up with
email and MSN Messenger.  He was not trying to insult you.  I let Jeff know
that he should try and meet the prospective buyers when they come to see the
property.  Occasionally, a buyer might stop buy without Jeff and you can show
them around and let them know what a nice quiet well maintained place it is.

Regarding the raise,  $260/week plus the apartment is all I can pay right
now.  I increased your pay last year very quickly so you could make ends meet
but I think your wages equate to $10/hr and that is fair.  As Gary and Wade
continue to improve the property, I need you to try and improve the
property's tenants and reputation.  The apartments are looking better and
better, yet the turnover seems to be increasing.

Remember that as a manager you need to set the example for the tenants.  It
is hard to tell tenants that they are not supposed to have extra people move
in that are not on the lease, when the manager has a houseful of guests.  I
realize you have had a lot of issues with taking your son to the doctor and
your daughter being a teenager, but you need to put in 40 hours and be
working in the office or on the property during office unless you are running
an errand for the property.

I am not upset that you asked for a raise, but the answer is no at this
time.  We can look at again later in the year.

I will talk to you later or you can email or call over the weekend.

Phillip


Yes, I will be on the call.  Thanks very much.

	Joseph Alamo
	05/09/2001 11:34 AM

		 To: Jeff Dasovich/NA/Enron, Sandra McCubbin/NA/Enron
		 cc:
		 Subject: Conf Call

I don't know whether you both or either of you are aware of this so please
note the attached from Maureen:
---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/09/2001 09:33
AM ---------------------------

Maureen McVicker
05/09/2001 07:25 AM
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Conf Call

Actually it's 11:00 am (CALIFORNIA TIME).  I'm not positive, but I think Jeff
and Sandi need to be on the call.  I thought they would both be in Sacramento
w/ Steve.  If Jeff doesn't know for sure if he is supposed to be on the call,
let me know and I will check with Steve.

Thanks.

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/09/2001
09:22 AM ---------------------------

Maureen McVicker
05/08/2001 04:48 PM
To: Emy Geraldo/Enron@EnronXGate
cc:

Subject: Tomorrow's Conf Call

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/08/2001
04:48 PM ---------------------------

Maureen McVicker
05/08/2001 04:11 PM
To: Pam Metoyer/Enron@EnronXGate, Twanda Sweet/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron
cc: Steven J Kean/NA/Enron@Enron

Subject: Tomorrow's Conf Call

Here's the information regarding tomorrow's conference call.

DATE:   Wednesday, May 9

TIME:   11:00 am (Pacific),  1:00 pm (Central)

CALL IN #:  888-422-7132

HOST CODE:  243663  (Steve Kean's use only)

PARTICIPANT
CODE:   569189

ATTENDEES: Jeff Dasovich
   Steve Kean
   Sandi McCubbin
   Richard Sanders
   Jim Steffes
   Michael Tribolet
   Greg Whalley


Here is the presentation I was talking about.  No changes need to be made to
it.  We need 15 color copies, bond at the top with a spiral binding and clear
front cover.  We need it by 6:00pm tonight.  Thanks

Ben Rogers
3-7998


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/29/00
Transaction Summary
External Transactions Today	4,651
Average Daily External Transactions (30 day Trailing Avg)	3,920
Total Life to Date Transactions	478,695

EnronOnline Daily % of Entity's Total Transactions for 11/29/00	Trans	Percent
Enron North America	4,068	76%
Enron Europe Limited	101	25%
Global Products	147	26%
Enron Metals	335	15%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	53%

Gross Notional Value of EnronOnline Transactions	Total
Today	4,221,862,230
MTD	61,173,497,600
LTD	274,602,202,016
Average Daily Notional Value (30 Day Trailing Avg)	2,806,543,211

Notional Revenue from Physical Flows to Date	18,532,740,535

Counterparties, Users, and Products Offered
Counterparties having transacted to date	584
New Counterparties transacting for the first time today	4
Number of Products Offered Today	1,124
Total Number of External Users Logged on Today	3,179
Average # of External Users logged on (30 day Trailing Avg)	2,850


Let's try this one more time.  How 'bout 3:00 p.m. CDT?  Susan and I will
initiate the call.  Thanks.  By the way, we got your outline and it looked
great.  I'm trying to get started on condensing it into something we'd feel
comfortable leaving behind.  Good work, Mark.

 -----Original Message-----
From:  mbaldwin@igservice.com@ENRON
[mailto:IMCEANOTES-mbaldwin+40igservice+2Ecom+40ENRON@ENRON.com]
Sent: Tuesday, April 10, 2001 11:44 AM
To: Jeff Fawcett
Subject: Conference Call

Jeff, just checking in. Do we have another time for a conference call ? Any
feedback to my Email of topics and positions ? I just read Socal's comments
concerning storage and a potential change of service priority for the EGs.
Socal is recommending an adoption of the Comprehensive Settlement, notes
their proactive system enhancements at Needles, L85 , Wheeler Ridge and
Storage and still suggest that they can handle the anticipated system
demands. Please contact me when you get a break. Mark, IGS


Raquel Guzman, the lawyer for the referenced counterparty called again, and
she is going on vacation next week and wants to get that ETA finalized so
they can start trading when she's out.  She seems to feel the way the ETA is
written that they are responsible for all unauthorized use of the password,
including hackers into the system, and wants the language limited to use
caused by their fault or negligence.  Can you call her at 215/684-6630.
Thanks.


---------- Forwarded message ----------
Date: Sun, 1 Oct 2000 14:29:20 -0400 (EDT)
From: Shijie Deng <deng@isye.gatech.edu>
To: VKaminski@aol.com
Cc: Shijie Deng <deng@isye.gatech.edu>
Subject: Re: INFORMS Abstract

Vince,

Thanks for the abstract!  For the purpose of the conference program
listing, the conference organizers need a title and an abstract which is
longer than 50 words.  Based on the abstract that you sent me, I took the
liberty to make up a title and the 50-word abstract (attached below).
Please make changes as you feel necessary and send them back to me.  I'll
send them out to the organizers once I get your confirmation on this.

Best,

Shijie

Title: Current Challenges in Modeling Power Price Volatility

Author: Dr. Vince Kaminski, Head of Quantitative Research, Enron Capital &
Trade Resources

Abstract:
The power market developments in the US have created several unique
challenges for energy industry economists. We discuss the major factors
underlying
the exceptionally high volatility of electricity prices. We feel that some of
them may be a necessary price to pay for increased market efficiency and
expanded customer choice.

Shi-Jie Deng
Assistant Professor
School of ISyE
Georgia Institute of Technology

Office Phone: (404) 894-6519
E-mail:       deng@isye.gatech.edu
Home page:    http://www.isye.gatech.edu/~deng

On Sun, 1 Oct 2000 VKaminski@aol.com wrote:

> Shijie,
>
> I am sending you the abstract for my INFORMS presentation.
>
> Vince
>
******************************************************************************
>
> *****
>
>
> The last three years were characterized by exceptionally high volatility of
> the power prices in the US markets. The market developments have created a
> number of unique challenges for energy industry economists. One immediate
> question we have to answer is how to measure volatility of energy prices.
> Although we can all agree that the prices in the power markets are
> characterized by high variability, the traditional measures used in
financial
> economics (annualized standard deviation of log price returns) may not fit
> well electricity prices. The second challenge is to explain the sources of
> high price volatility and to answer the question to what extent it can be
> attributed to problems that can be addressed in the long run. Such problems
> include flaws in market design that allow some market participants to abuse
> market power, limited availability and/or unequal access to transmission,
> temporary shortages of generation capacity. Some factors underlying high
> volatility of electricity prices may be of permanent nature and may be a
> necessary price to pay for increased market efficiency and expanded customer
> choice.
>


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/13/2001 02:48 PM -----

	"Aaron Thomas" <athomas@newenergy.com>
	07/13/2001 02:02 PM

		 To: arem@electric.com
		 cc:
		 Subject: Fwd: ABX2 82 (Keeley) Introduced 7-12

 <<abx2_82_bill_20010712_introduced.pdf.pdf>>

 - body.htm
 - abx2_82_bill_20010712_intro.pdf


Sorry -- This apparently was not recieved by everyone.  Thanks JOE
---------------------- Forwarded by Joe Hartsoe/Corp/Enron on 08/30/2000
12:01 PM ---------------------------

Joe Hartsoe
08/30/2000 08:48 AM
To: James D Steffes/HOU/EES@EES, Sarah Novosel/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT,
Jeff Dasovich/SFO/EES@EES
cc: Richard Shapiro/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON

Subject: EPSA Meeting

The EPSA meeting in Chicago was successful.  In addition to numerous
stakeholders, the press was there in full force. It became clear that
deregulation is not complete, and that the problem is not deregulation -- but
continuing unnecessary regulation.

Commissioner Massey's speech on why competition is necessary was actually
quite good.  His message is approximately 90 percent consistent with Enron's
on the wholesale level (He even called for Federal siting authority.).  He
sees price caps as a stop gap only and votes for them as a last resort.
However, he still contradicts himself when he questions the use of single
price auctions because they do not work as intended; but, he comments that
PJM is working.  I and others will work with him to make sure he
understands.

I spent time with Mike McLaughlin (Director of Corporate Applications) and
Rob Cupina (Director of Rates, Central).  We spoke about the RTO filings due
October 15.  I shared my concern that some of the RTO filings may be
incomplete and asked what actions FERC may take if the filings are
deficient.  Mike indicated that the RTO filings will be processed by the rate
offices of the three regions (east, central and west) in Dan Larcamp's group
(OMTR).  He believes that Order 2000 will become as "voluntary" as Order 436
was.

If you would like to discuss or have particular questions, please do not
hesitate to call -- 202.466.9150  JOE


Tana,

My name is Sandra Vu with the EnronOnline call center and I have a customer
that is calling to request execute rights for US Gas Financial Basis Swap and
US Gas Financial Swap.  The company name is Coast Energy Group, a division of
Cornerstone Propane, L.P. and the individual requesting this change is Randy
Hughes one of their Master users on EnronOnline.  He also had a question as
to why the Coast Energy Canada, Inc. has execute rights for these products
but they do not.  Randy's phone number is 403-508-6734.  I can call him back
with the information or feel free to call the customer whichever is the
easiest for you.  Thank you for assistance in this matter.

Sandra Vu
EnronOnline
713-853-4357 (help)


CC list suppressed...

December 13, 2000

Energy Price Volatility May Hurt Utilities' Credit

By REBECCA SMITH
Staff Reporter of THE WALL STREET JOURNAL

Recent volatility in wholesale energy markets is
undermining the credit ratings and may eventually crimp
the borrowing ability of some of the nation's biggest
utilities, long regarded in the credit markets as some of
the safest bets around.

It is the worst out West, where the price of power to be
delivered Wednesday hit a new high of $1,182 per megawatt
hour on California's state-sanctioned auction, a benchmark
for the entire region. That compares with $30 a year ago.

But even utilities in the East, such as GPU Inc. of
Parsippany, N.J., and Consolidated Edison of New York,
also are at risk because they are paying higher prices
than ever for spot-market electricity purchases and aren't
always able to pass along that cost to their customers.

As an indication of just how bad things are getting,
Moody's Investors Service Tuesday put Seattle City Light
on "negative outlook," even though it is one of the
lowest-cost generators in the nation. There hasn't been
much rain in the Northwest this year and the city-owned
utility has been forced to go to the wholesale market this
month to buy 100 to 200 megawatts of electricity each day.
That isn't much energy, but with prices that have gone as
high as $1,000 per megawatt hour this week, compared with
the $24 per megawatt hour that the municipal utility pays
for power from the federal hydroelectric system, costs add
up fast. The utility, which issued $100 million in bonds
this week, is raising rates 10%, effective Jan. 1, and
will keep the rate increase in effect as long as it takes
to dig its way out.

"Prices are at absurd levels," says Seattle City Light
Superintendent Gary Zarker. "I know others are looking at
significant rate increases too."

Credit-rating agencies say they are going through their
utility portfolios and separating those with exposure to
wholesale markets from those that have enough in-house
generation to meet customer demand. Then they are trying
to figure out which of the ones that are forced to buy on
the spot market will be allowed to pass on higher costs
and which ones won't.

"You have the makings of a credit crunch when utilities
are required to buy power but aren't allowed to pass the
cost through," says Steven Fetter, managing director of
the global power unit at Fitch, the New York credit-rating
agency.

That is exactly the position California's biggest
investor-owned utilities are in. Southern California
Edison Co., a unit of Edison International, and Pacific
Gas and Electric Co., a unit of PG&E Corp., have incurred
deficits in excess of $7 billion buying power on the open
market since June and were forced to pay higher rates and
offer unprecedented guarantees to investors when they last
issued bonds.

While they are still making money from the power plants
they own, it is nowhere near enough to make up for the
shortfall. Credit ratings of both utilities were lowered
this week.

Blown the Lid Off

There is no cost relief in sight. California's grid
operator last week lifted a price cap for power it buys
each hour to keep supply matched with demand. That helped
reliability because more generators came forward and
offered energy through an orderly market, instead of
waiting for harried engineers to call them at the last
minute trying to strike a deal.

But it has really blown the lid off prices in the West.
The average cost of power sold in the day-ahead market
jumped from $250 a megawatt hour last week to $611 on
Monday, $904 Tuesday and to $1,182 for power to be
delivered Wednesday.

This has a huge impact because it applies to roughly
two-thirds of the power consumed in the state and
influences prices elsewhere. The situation differs
markedly from Eastern markets where only a small
proportion of the power consumed comes out of a daily spot
market because most utilities have long-term
power-purchase contracts that supply most of their needs.

Some of the utilities in the Northwest being slammed by
high prices will be in the position of selling power back
in May or June, provided there is enough spring-thaw
runoff to give them surplus hydropower.

Financial Pain

But utility managers worry it won't be enough to cancel
out the financial pain they are currently suffering.

Distribution utilities that deliver the power that others
generate were regarded as the safest part of the utility
business only a few months ago. Wall Street assigned them
the lowest valuations because they face regulated rates of
return.

"Sadly, we now see they chose the part of the business
with a lower upside potential and higher risk," Mr.
Fetter, of Fitch, says.

Write to Rebecca Smith at rebecca.smith@wsj.com