IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Tuesday, November  20, 2001
                                                                                (Trade Date of Monday, November  19, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $25.25	         $22.00	         $23.48	-    .85	          51,200
Comed	         $20.25	         $19.00	         $19.61	-    .71	           4,000
Entergy	         $18.00	         $16.00	         $17.20	-   2.49	          14,400
Nepool	         $33.00	         $33.00	         $33.00	-   2.27	             800
Palo Verde	         $18.00	         $14.25	         $15.66	-   1.85	           8,000
PJM-West	         $25.75	         $24.70	         $25.45	-    .14	          51,200
SP-15	         $18.50	         $17.00	         $17.49	-   2.43	           8,800
TVA	         $22.00	         $21.50	         $21.75	-    .30	          12,000

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Rod,
Caroline forwarded me your questions regarding the Risk System so I wanted to
go ahead and respond since Steve is out this week.

I don't think Philippe requires the level of due diligence that we performed,
but we were getting questioned on buying a 3rd party product vs. using an
Enron Risk System.  We did more research and got the other groups involved so
that they would understand our decision.  I believe everyone is now
comfortable with our purchase decision.

In our analysis of systems, we selected the Caminus product in part because
we had several individual references from Arthur Andersen, Deliotte &Touche
and Ernst & Young.  These organizations, especially Arthur Andersen, have
audited this application and have actually participated in numerous
implementations.  Ernst & Young recently selected Caminus for Equitable
Resources.   Arthur Anderson implemented the application for Conoco and 5 or
6 other companies, and Deloitte Touche recently selected the product for
Tractabel.  After talking with individuals from these accounting firms, we
felt very confident that the product was sound, and we should not have audit
concerns.  Obviously, we have a lot of business procedures that have to be
established, and there is time in the work plan to do that work, but a lot of
those decisions drive how the application is configured so we need to get the
product purchased work through the details of how we implement the new
business procedures since the system does drive a lot of processes.

Regarding costs, we have an approved work order for $650,000 which covers all
the initial hardware, software, implementation costs and first year
maintenance.  This cost does represent a very limited implementation with
only 10 concurrent users, no customization except a few reports, and no
electronic interfaces or data conversion.  The assumption is that initially
the volume would be so low that an automated interface may not be cost
justified, and the data would manually be loaded since it was low volume as
well.  The on-going costs are estimated at approximately $100,000/year.  We
did not perform a separate cost/benefit analysis as this was in the original
cost of the Revenue Management RAROC.  Let me know if you have any other
questions or there are open issues that we need to address prior to
completing the contract.  We are hoping to get this signed and the project
underway next week.  Thanks.


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                OCTOBER 25, 2001

Notice ID: 3209
5 - NO RESPONSE REQUIRED

SUBJECT: AUCTION OF FTS CAPACITY

Columbia Gas Transmission has posted the following offers of FTS capacity.

Additional details of this capacity may be found in the Columbia Internet
NAVIGATOR system under the Capacity Release Folder, Offers, Offers Summary,
Offer Type, Capacity Auctions, under the following offer numbers:

Offer      Rate        Receipt
 No.     Schedule       Point             Delivery Point

33975      FTS       Leach                Market Area 6
33974      FTS       D3                   Market Area 3
33976      FTS       Leach                Market Area 8
33978      FTS       AO5                  Market Area 36

33958      FTS       Leach                Market Area 5
33959      FTS       Kenova Agg           Market Area 5
33960      FTS       Lebanon              Market Area 6
33961      FTS       Leach                Market Area 8
33962      FTS       Kenova Agg           Market Area 8
33973      FTS       Leach                Market Area 9
33963      FTS       Leach                Market Area 9
33964      FTS       Leach                Market Area 10
33965      FTS       Leach                Market Area 10
33966      FTS       Leach                Market Area 12
33967      FTS       Leach                Market Area 15
33968      FTS       Leach                Market Area 15
33969      FTS       Leach                Market Area 19
33970      FTS       Alexander Agg        Market Area 32
33971      FTS       Highland             Market Area 38

For additional information, please contact your Account Representative or your
Customer Services Team.


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 07:18
PM ---------------------------
From: Lisa Bills/ENRON@enronXgate on 03/07/2001 06:38 PM
To: Chris Booth/NA/Enron@Enron
cc: Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT, Catherine
Clark/ENRON@enronXgate

Subject: RE: Blue Dog #2

Chris,
You have probably done this already but please insure that
accounting/transaction support (Herman Manis or Cris Sherman) have reviewed
the proposed sale structure to insure the appropriate accounting treatment
for this transaction.

Also, I will need to review and approve all the agreements with NorthWestern
before they are finally agreed to between the parties and executed.  As for
the purchase of the assets out of the financing facility, Kay knows the
required documents from the Intergen deal.  There needs to be close
coordination amongst all the internal groups to insure your deal closes
timely and accurately.  Remember in your negotiations that the money from
NorthWestern needs to be received into escrow a minimum of 5 Business Days
before the closing date.  The financing requires the purchase notice (which
is irrevocable so if Enron provides it and NorthWestern walks, the turbines
are on Enron's balance sheet at 15% interest rate essentially) be provided to
the banks at least 5 but not more than 15 Business Days prior to closing date
for purchase from the financing vehicle.

Thanks for the heads up.

 -----Original Message-----
From:  Booth, Chris
Sent: Wednesday, March  7, 2001 9:53 AM
To: Bills, Lisa
Cc: Mann, Kay; Jacoby, Ben
Subject: Re: FW: Blue Dog #2

Lisa,

Sorry, I should have included you in the initial distribution.

Ben Jacoby and I are in negotiations with NorthWestern Corporation in a deal
to place the two GE 7EA's (Blue Dog) turbines.  NorthWestern has indicated a
strong interest in adding the dual fuel option to the February 2002 delivered
turbine.  We hope to have NorthWestern sign the LOI by next Friday, 16
(3/16/01) and pay the "Development Fee".  This transaction should be similar
to the Intergen deal, with the exception that instead of moving two turbines
out of the 24 LM 6000 master contract, we plan on assigning the entire Blue
Dog contract to a LLC that Enron will own 100% at the time of transfer and
then sell 80% to NorthWestern.

I want to have the change order ready for execution once we come to terms
with NorthWestern.  In the event that the deal blows up, we will probably
execute the change anyway.  Please let me know if you have any questions or
concerns.

Chris
---------------------- Forwarded by Chris Booth/NA/Enron on 03/07/2001 09:40
AM ---------------------------

Kay Mann
03/07/2001 09:35 AM
To: Chris Booth/NA/Enron@Enron
cc:

Subject: Re: FW: Blue Dog #2   << OLE Object: StdOleLink >>

Chris,  Global Finance (Lisa Bills) needs to be kept in the loop on this,
since this is in TurboPark.

Kay

	  From:  Chris Booth                           03/07/2001 09:12 AM

To: Renee Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT

Subject: FW: Blue Dog #2

Renee and Brian,

Please prepare a change order to add dual fuel to the February '02 delivery
turbine.  The price and commercial information is below.  I have gotten Jeff
Darst to extend the deadline to exercise the change order to 16 March 2001.

Please make sure we get the change order prepared before the deadline expires.

Chris
---------------------- Forwarded by Chris Booth/NA/Enron on 03/07/2001 09:08
AM ---------------------------

jeffrey.darst@ps.ge.com on 02/21/2001 12:24:18 PM
To: chris.booth@enron.com
cc:

Subject: FW: Blue Dog #2

I did send it to the wrong address.  Sorry.

> -----Original Message-----
> From:   Darst, Jeffrey A (PS, PPSD)
> Sent:   Tuesday, February 13, 2001 4:06 PM
> To:   Booth, Chris (Enron)
> Subject:   Blue Dog #2
>
> Chris,
>
> The price to change this unit from Gas Only to Dual Fuel (distillate) is
> $1,445,000.  Based on the payment schedule in Exhibit I-1, 32% of this
> would be due the end of this month.  The remaining payments would be in
> accordance with the payment schedule for Unit #2 in the exhibit.  We are
> putting together a spreadsheet that defines this.
>
> The offer to make this scope change expires at the end of this month.
> After that time, we will be committed to the gas only configuration.
>
> The CM&U group is putting together a proposal to convert unit #1 to dual
> fuel.
>
> Regards,
>
> Jeff
> Global Power Plant Systems
> 518-385-0663
> 518-381-1513 (fax)
>


Michelle, I need your help on this issue as we are in  the meeting phase and
are getting questions(
As far as managed out employees, we,d like to include them in the system in
some fashion.  If we make them &active8 in addition to the legal implications
that may exist, we will skew our demographics.  Do you have any issue with
our making/calling  these managed employees terminated emp. 1, 2, 3 etc, if
that is possible in the system and keeping them separate from the
demographic numbers which Andrea is working with?

Thanks Gina
 -----Original Message-----
From:  Corteselli, Gina
Sent: Friday, May 25, 2001 11:57 AM
To: Cash, Michelle
Cc: Oxley, David; Inglis, Elspeth
Subject: need advice on managed out folks
Importance: High

Michelle;
As regards managed out employees, I believe the plan is to still include them
in BU distribution.  The method of including them may give you some
heartburn.  In essence, in order to graph during the meeting to show
distribution with the  managed out people, we would either have to enter
dummy data into PEP (which corrupts our data and could mess up datamart which
we feed into), or we have to add them into PEP as active employees (PEP can,t
pull inactive employees), or as business associates.
What is your take on this?

On another less troublesome issue, we will have the diversity system up and
running on Tuesday.  We can,t migrate the program into stage, because we,re
using that environment for PC driver training.  (more than you wanted to
know?)
If ok w/ you we can discuss diversity stats on Tuesday.


Associate and Analyst Programs (the &Programs8) are administered globally.
Listed below is the contact information for the offices that utilize the
Programs.  Please do not hesitate to contact the individuals identified with
any questions, placement needs or hiring needs.

Houston/Portland/Australia

Celeste Roberts, Program Director.  Manages the daily operations.  Her
assistant is Dolores Muzzy and can be reached at ext. 3-6245.

Ginger Gamble.  Overall responsibility for Associate recruiting.  Candidates
interested in the Associate Program can forward their inquiries and resumes
to Ginger at EB1191.  Ginger can also be reached at ext. 3-7583 or by e-mail
at Ginger.B.Gamble@enron.com.

Shelly Jones.  Overall responsibility for Analyst recruiting.  Candidates
interested in the Analyst Program can forward their inquiries and resumes to
Shelly at EB1175.  Shelly can also be reached at ext. 3-0943 or by e-mail at
Shelly.Jones@enron.com.

Jana Giovannini.  Responsible for operations and expenses.  Jana can be
reached at ext. 3-9233 or by e-mail at Jana.Giovannini@enron.com.  Jana is
located at EB1187.

Shannon Rodgers.  Responsible for Associate rotations.  Associates and hiring
managers who need information on rotations and Associate availability should
contact Shannon at extension 3-3853 or by e-mail at Shannon.Rodgers@enron.com
.  Shannon is located at EB1186A.

Elizabeth Boudreaux.  Responsible for Analyst rotations.  Analysts and hiring
managers who need information on rotations and Analyst availability should
contact Elizabeth at ext. 3-6176 or by e-mail at
Elizabeth.Boudreaux@enron.com.  Elizabeth is located at EB1186B.

Argentina/Bolivia/Brazil

Miguel Padron.   Responsible for Associate and Analyst rotations, operations
and expenses.  His assistant is Rosely Nassar and can be reached at 5503-1243.

Disneau Santiago.  Responsible for Associate and Analyst recruitment.
Disneau,s assistant is Marlene Muniz and can be reached at 5503-1244.

Calgary

Dawn Doucet.  Responsible for Associate and Analyst recruiting and rotations.
Candidates interested in either the Associate or Analyst Programs can forward
their inquiries and resumes to Dawn in the Calgary office.  Dawn can be
reached at (403) 974-6724, the fax number is (403) 974-6985 or by e-mail at
Dawn.Doucet@enron.com.

London

Elizabeth  Barrett, Director of European Program.  She can be reached at +44
20 7783 7701.

Sophie Kingsley.  Responsible for day to day management of the European
Program, both pre/post hire, including Associate and Analyst rotations and
international transfers.  Sophie can be reached at +44 20 7783 7975 or by
e-mail at skingsley@enron.com.

India

Ranen Sengupta and Dick Liebert.  Responsible for Associate and Analyst
recruiting and rotations.  Candidates interested in either the Associate or
Analyst Programs can forward their inquiries and resumes to Ranen Sengupta or
Dick Liebert.  Ranen can be reached at ext. 6-7967 and his e-mail is
Ranen.Sengupta@enron.com.  Dick Leibert,s extension is 6-7145 and his e-mail
is Dick.Liebert@enron.com.


Start Date: 1/19/02; HourAhead hour: 19;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

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Error: dbCaps97Data: Cannot perform this operation on a closed database


Hope I did'nt ruin your day.  Below is what came across my pager this morning.  I am sure it did not shock me near as much as I shocked you, sorry about that.

Bruce
 -----Original Message-----
From: 	brucesmith@pagenetips.com@ENRON [mailto:IMCEANOTES-brucesmith+40pagenetips+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, May 09, 2001 4:15 PM
To:	Smith, Bruce
Subject:	fwd:

------
From:  <alert@msn.com>
:ENE is down 7.68 to 48.43


Low is seen ie 1.83 but contango needs to come out of curve so q1 has more downside from current but no lower than e seen in NGV1

Further out - will fax u price target slide,
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Sorry Vince I have been out of town.  Please give me a call tomorrow.


Kelley Updike
2041 Whitney Nicole Lane
Jacksonville, FL 32216-3189
SpyKelley@aol.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Kelley Updike


I approve.
----- Forwarded by Steven J Kean/NA/Enron on 09/20/2000 11:24 AM -----

	Elizabeth Linnell
	Sent by: Elizabeth Linnell
	09/20/2000 10:51 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Flatscreens approval

Steve - Please forward to Eileen Buerkert with your approval.

Eileen - Per our discussion, please make sure these are the black
flatscreens.

Thanks!

----- Forwarded by Elizabeth Linnell/NA/Enron on 09/20/2000 10:50 AM -----

	Eileen Buerkert
	09/08/2000 12:01 PM

		 To: Elizabeth Linnell/NA/Enron@Enron
		 cc: Enron IT Purchasing@Enron, Hank Zhang/Corp/Enron@ENRON, Donna
Ruff/Corp/Enron@ENRON, Andy Sikes/Corp/Enron@Enron, Shauncy
Mathews/HOU/ECT@ECT
		 Subject: PO Approval needed

Elizabeth,

Because of the dollar amount of this PO, I need to have an email approval
from your senior director.  Could you forward this to the appropriate party
(if it's not you) and have him/her email me back with a note saying
"approved" on it?  I will fax this immediately after I receive that.  Thank
you!!

Eileen Buerkert
IT Sourcing and Procurement
713-345-6272
----- Forwarded by Eileen Buerkert/NA/Enron on 09/08/2000 12:00 PM -----

PURCHASE ORDER FORM
	PO No. 20090208
	Master Request:

Order Date:	09/08/2000
WO #:
CO #:	0011		SAP Cost Center #:	100062
Ordered By:	Eileen Buerkert		Phone #:	713 345-6272
Vendor:	COMPAQ DIRECT		Fax #:	317-228-8780
Contact:	TAMMY RAY		Phone #:	800-535-2563
Date Required:
Payment Terms:				NET 30 DAYS
FOB Point:
Ship To:	ENRON CORP
PO # 20090208
1400 SMITH ROOM 523
HOUSTON  TX 77002
ATTN:	LYN MALINA
713 853-1840			Note:
				Please include all ship to information on any packages.
				We will not accept packages without an ENRON PO#.
Bill To:	ENRON CORP
P O BOX 3767
HOUSTON  TX 77253
ATTN:	FELICIA SALEWSKY
713 853-3895

Quantity Ordered:
	Item Number:
		Description:
			Mfgr:   	Unit    Price:
					Price:
14	104741-001	15IN TFT 5010 OPAL	COMPAQ	$922.00
					$12908.00

			Amount:		$12908.00
	Local Sales Tax Applies?      		Sales Tax (8.25%):		$1064.91
			Total:		$13972.91

Notes:	PLEASE ACKNOWLEDGE RECEIPT OF THIS PO BY SIGNING AND FAXING TO Eileen
Buerkert @ 713 646-2450

ENRON CORP	COMPAQ DIRECT

Revision History:	Eileen Buerkert	09/08/2000 12:00:29 PM


I am planning to be out Friday, Oct. 27 and Monday, Oct. 30.


Mark,

I made the change in attached note.  Let me know if you need anything else.

Mark Courtney
07/22/99 10:45 AM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Re: Kachina Lucite

Gerald, can you check the actual legal names for these entities?  Make any
necessary changes and send back please.  Terri needs it soon.

Thanks
Mark

Lawrence Lawyer
07/21/99 05:08 PM
To: Terri Bachand/HOU/ECT@ECT, Mark Courtney/HOU/ECT@ECT
cc:
Subject: Kachina Lucite

Sorry for the delay.

[Picture of an electric compressor/power train]
Background of Kachina Doll - Pewter of real minature doll?

ECS Compression Company, L.L.C.  Equity Sale
June 30, 1999

$14,947,562

[Logo of ECS?]
Enron Compression Services Company
A Subsidiary of Enron Capital & Trade Services Corp.
Seller

EMP Echo, L.L.C.
Purchaser


The following are Enron's offers for May 200 supplies

Trunkline ELA base 3000 $3.065

Panhandle Field Base 10,000  Index less .0075

NGPL Midcontinent base 11,000 Index less .0075

NICOR City Gate Base 3,000 Index +0.

Please call  Tom Donohoe at 713-853-7151.


Robin,

Thanks for your call this morining.   As stated,  I am unaware of any
changes in our agreements or terms with regards to Canadian  companies or
transactions.  If  "Caraway" is the correct spelling,  I find no person by
that name in our credit departments.  Do you have a phone number for this

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


bob shiring got canned


Realistically, only the trading support provided for straight-forward gas and power trading makes sense to consider in a cost per transaction mode.  I would say that the only part of IT Development costs that could be considered in that would be the system maintenance costs and maybe the licensing fees.  Capital projects don't make sense on a cost per transaction basis - should be looked at as individual discreet costs that the business unit sponsor and ENW agree upon.

While we could come up with a methodology for cost per transaction, I still have concerns about this on a lot of levels.  Frankly, the relationship between the book administrators and traders is just as collaborative as the EOL relationship.  If we are boxed into a cost per transaction, then whenever John Lavorato or the traders ask for a different view of data or an ad hoc analysis of P&L, we would need to discuss this as a change order and price accordingly.  Practically speaking, there is not one of the ad hoc trader requests that isn't needed yesterday, and stopping to negotiate whether the request is in or out of scope and additional pricing would probably get me and my risk team fired!  I also have a big concern over pushing the envelope on an arms length service arrangement.  I will have trouble recruiting and retaining the best people.  The guys on my operations team honestly work every day with the business goals of EA in mind.   They work hard to insure success for EA.  That is what John and Louise should want.  Push us back too far and no one will like the results if we don't have people fully dedicated to and feeling a part of the business to which they provide support.  It is kind of ironic.  I think that Enron is pleased with how I've managed operations, and one of my goals when I took the role a few years back was to create a true team between commerical and my operations team to make sure that this works for Enron.  I have some really good people who are very motivated, and a big part of that is my commitment to have operations viewed as an integral part of the team at EA, EGM, EIM, etc.  We had to work hard to achieve that, but we've gotten there for the most part.  So how odd it is to me that now some people want to undo what has been a major contributor to the success that we have had.  EES is reeling right now partly because they have never recognized the value of creating a good operations team, nor did they approach operations as an integral part of managing their business in full.  And now I have been asked to help correct that.  Makes you kind of wonder...

I am fully supportive of running operations (and ENW) like a business, with a critical eye toward delivering value effectively.  When I first took this role I told my team that at that time we were the service provider of circumstance and that the goal was to move to a feeling that we were the service provider of choice.  A component of this is definitely striving for lower costs and higher value delivered.  We can continue to improve on this, but going too far may produce the wrong answer for Enron.  --Sally

 -----Original Message-----
From: 	Piper, Greg
Sent:	Wednesday, September  26, 2001 2:36 PM
To:	Beck, Sally; Pickering, Mark
Subject:	RE: Regrouping of ENW Budget Discussions - Per transaction thoughts

I have been thinking alot about this per transaction thing.

ENW provides three very different types of services to Enron.  The first, EnronOnline, is very collaborative and is very much an application building and operating situation.  No one at Enron is looking to outsource EOL functionality.  Creativity in that application is driven by the desks and ENW in a marriage every hour of every day.   If it goes down for a minute, traders are panicked and the news wires start pumping out that it is down.  I am not in favor of any relationship on EOL that would drive any kind of arms length wedge between us and any other group.  If my revenue is not large enough on EOL, do I let service slip?  What is a new function and feature request that fits in the contract?  Do I do change orders?  What is an EOL change order?  I think EOL is an allocation relationship.

IT infrastructure is something that could be outsourced.  It was once and it didn't work very well and we pulled it back in.  If we outsourced it, how would EDS or IBM or someone like that price that service to us?  By a per transaction charge?  Not likely.  On this one, we can charge exactly like it was outsourced to them by charging per desk top, putting depreciation in a $/month charge, having them select their level of service on controllable, etc.  That would be up to Mark and Jenny.

So let's get down to what really is a service related to transactions and that is fulfillment and the operations and IT associated with that.  Let's say we went per transaction on that in some fixed and variable form.  Once again, the pain will come around negotiating levels of service and eliminating the flexibility for them to change quickly.   We will also have issues since we have shared systems and EIM and EGM may not want to pay per transaction.

I am against per transaction for EOL, I am OK pricing something like any other service company would price on IT infrastructure, but I think we should only consider per transaction on the fulfillment portion.

Your thoughts?

GP

 -----Original Message-----
From: 	Beck, Sally
Sent:	Wednesday, September 26, 2001 10:19 AM
To:	Kitchen, Louise
Cc:	Piper, Greg; Pickering, Mark; Colwell, Wes
Subject:	RE: Regrouping of ENW Budget Discussions

Wes and team had preset the meeting schedule and topics to be covered in each.  The outline that I sent you with the changes for the remainder of this week is simply our best attempt at fitting coordinating topics around people availability and the meeting schedule that had already been set.  The schedule that we have been working with that Wes provided did not allocate two hours for the Friday meeting.  If you had set aside two hours, that had not been communicated to us.  There were only two one-hour meeting slots on that schedule.  One for ENW from 1-2 and one for Research from 3-4.  I have a major conflict on Friday - I committed months ago to attend a meeting that Ken Lay asked to be involved in that is in the Woodlands that runs through the evening hours..  Only because Beth Perlman is out on Thursday for a religious holiday, I decided to "skip out" from this meeting to be here on Friday afternoon to discuss the Operations and IT Development budgets together.  In order to minimize my time away from the Woodlands meeting, I orchestrated the time swap with Vince Kaminiski so that we could have our ENW meeting at 3:00.  I will talk with you later today and fill you in on the commitment for Ken Lay.  Maybe we can work together for a scheduling solution that works for both of us.  I would appreciate your help on that, Louise.

Scheduling issues aside, Wes suggested that we also review with you the EES budget that ENW has prepared.  Our approach so far has been to determine the appropriate and necessary spend for 2002 for expense and capital for all of the services that ENW provides to support the EES business.  We have done this without regard to who will cover which expenses - EES or EA.  That is a separate issue from understanding the services that need to be provided and our best estimate at costs.  We are prepared, however, with a suggested split on the costs for discussion purposes.  I have assumed that the decision on cost sharing or allocation would be made between the offices of the chair for EES and ENW.  If you would like to cover all of ENW's budgets together, both for EES and EA, then it would make more sense to set a longer block of time (maybe 3 hours?).  I will bring my schedule to our meeting at 11:00 today to cover the Canadian budget and we can work out a schedule that works for both of us.

We will be prepared to discuss pricing per transaction, but will hold that until the end of our meetings when we have been able to review with you the components of costs and the detail of capital projects.  Our review of costs and projects in effect will serve as our "scope of engagement" discussion.  A service provider would never quote a firm price until agreement had been reached on the scope of the engagement.  We will have a straw man for discussion on that.    --Sally

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, September  26, 2001 8:23 AM
To:	Beck, Sally
Cc:	Piper, Greg; Pickering, Mark; Colwell, Wes; Killen, Faith; Roper, Kerry; Schoppe, Tammie; Valdez, Christina
Subject:	RE: Regrouping of ENW Budget Discussions

I am expecting an all in cost for this service - what do we achieve in separation.  I had allocated two hours on Friday to do this from 1pm until 3pm.   Are you not intending an all in cost (per transaction) of IT and Operations?  If you believe that the outline below works then go ahead, do we just have the total number debate on Fridy - if so let's start at 2pm.

Thanks

Louise

 -----Original Message-----
From: 	Beck, Sally
Sent:	Tuesday, September 25, 2001 7:36 PM
To:	Kitchen, Louise
Cc:	Piper, Greg; Pickering, Mark; Colwell, Wes; Killen, Faith; Roper, Kerry; Schoppe, Tammie; Valdez, Christina
Subject:	Regrouping of ENW Budget Discussions

Louise,

To make our ENW budget discussions most meaningful, we felt that coupling discussions of the Operations and IT Development budgets will make the most sense.  To insure that we have the appropriate attendees in our  ENW 2002 plan meetings and to schedule these meetings around Thursday as a religious holiday, I have worked with Wes Colwell and made a trade with Vince Kaminski to make all of this happen.  There is no change to your calendar in terms of date, time or location of meetings.  We have simply realigned topics and attendees as follows:

Date			Time		Location	Revised Group			Revised Attendees

Wed, 9/26		11 - Noon	EB3314		Canada Support (unchanged)	Wes Colwell, Faith Killen, Louise
											Kitchen, Sally Beck, Rob Milnthrop,
											Bob Hall (added-responsible for EA
											Operations, including Calgary)

Thurs, 9/27		1:30 -2:30	EB3316		ENW: EOL & Infrastructure	Wes Colwell.Faith Killen,Louise
											Kitchen, Sally Beck,Mark Pickering,
											Jenny Rub, Greg Piper, Kerry Roper,											Brad Richter (added-EOL), Jay 												Webb (added-EOL)

Fri, 9/28		1 - 2pm		EB3316		Research			Wes Colwell, Faith Killen, Louise
											Kitchen,Vince Kaminiski (no 												changes)

			3 - 4pm		EB3314		ENW: Operations & IT Dev.	Wes Colwell,Faith Killen, Louise
											Kitchen,Sally Beck, Beth Perlman,
											Mark Pickering, Greg Piper, Kerry
											Roper, Bob Hall (added-EA 												Operations)

I look forward to reviewing details with you in each of these meetings.  --Sally


----- Forwarded by Jeff Dasovich/NA/Enron on 03/19/2001 08:34 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/19/2001 08:25 PM

		 To: Katie Kaplan <kaplan@iepa.com>, "'Andy Brown (E-mail)'"
<ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net>,
"'Baker Carolyn (E-mail)'" <cabaker@duke-energy.com>, "'Bob Escalante
(E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'Douglas Kerner (E-mail)'"
<DKK@eslawfirm.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan
Smutny-Jones (E-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John
Larrea (E-mail)'" <john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Kristin Vellandi
(E-mail)'" <kvellandi@pstrategies.com>, "'Lynn Lednicky (E-mail)'"
<lale@dynegy.com>, "'Marty Wilson (E-mail)'" <mwilson@pstrategies.com>,
"'McNally Ray (E-mail)'" <rmcnally@mcnallytemple.com>, "''Nam Nguyen'
(E-mail)'" <nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom Ross
(E-mail)'" <tross@mcnallytemple.com>, <rtemple@mcnallytemple.com>
		 cc: "'Carol H Hudson (E-mail)'" <Chudson@iepa.com>, "'Jan Smutny-Jones
(E-mail)'" <smutny@iepa.com>, "'Steven Kelly (E-mail)'" <steven@iepa.com>,
"'Bill Carlson (E-mail)'" <william_carlson@wastemanagement.com>, "'Bill Woods
(E-mail)'" <billw@calpine.com>, "'Bob Ellery (E-mail)'"
<bellery@spi-ind.com>, "'Bob Gates (E-mail)'" <bob.gates@enron.com>, "'Cody
Carter (E-mail)'" <cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "'Frazier Blaylock (E-mail)'"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "'Rick S. Koebbe (E-mail)'"
<rskoebbe@powerworksinc.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>
		 Subject: Re: Public Affairs Committee Conference Call Wednesday at 10:00 a.m.

Attached (and below) is a copy of the PR memo for this week's Public Affairs
Committee Conference Call. ?Katie will be sending out additional information
related to the call later today.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates
916-447-8186
916-447-6326 (fx)

March 20, 2001

PR UPDATE

To: ???IEP PR Committee
Fr: ???Ray McNally, Richard Temple, Jean Munoz, Tom Ross
Re: ???PR Update

Key Messages

? When it comes to the upcoming Senate Hearings all we are asking for are:
?Facts, Fairness and Accountability
? This crisis can only be solved if we all work together to find solutions
that increase supply and reduce demand
? IEP members are investing billions of private-sector dollars to buy,
modernize and build power plants in California
? Long term contracts are the way to protect consumers, and stabilize prices
? We need to create a stable regulatory and political environment
? California is not an island . and we import far more than we export

Target Briefings

? State Senate and Assembly Republican and Democrat Caucuses . Once Seeing
the light is revised

Collateral Materials

? California Journal Ad April . "We?re working around the clock to keep the
lights on"
? California Journal Ad May . Proposed theme: We?re part of the solution .
working to keep the lights on this summer.
? Seeing the Light Update (now called "Powerful Ideas") . Draft one being
circulated for approval. ?Once complete will distribute to capitol press
corps, statewide media, legislature, key federal policy makers
? Weekly distributions . SB 39x, outage standards
? Web-site . www.turnonthetruth.com, continue to update

Earned Media

? Teleconference briefings with press . On Fridays, or as needed
? Statewide and national media outreach . Ongoing
? Editorial Board Meetings . Proposed Topics: outage coordination and
maintenance standards; solutions need to increase supply and reduce demand,
California First. Targeting: Sacramento Bee, LA Times, San Francisco
Chronicle, San Jose Mercury News, Alameda News Group, San Diego Union Tribune
?  "Powerful Solutions" briefing for reporters and editorial boards ???
? Response to Senate Investigation . available to respond to TV and radio
media at press conference, and issued statement (IEP reaction covered by:
?KFBK am 1530; Metro Networks Radio; KCRA, NBC- 3; ?KTXL FOX-40; KXTV ABC
-10, National Public Radio, Associated Press, Sacramento Bee) ???
? Response to San Francisco Chronicle article . Op-ed drafted to be submitted
on behalf of the California Manufacturers and Technology Association. ?Letter
to the editor to be submitted on behalf of IEP.

Proposed Activities to Defend Industry

? Message training prior to Senate Investigative Hearing
? One on one meetings with key supporters
? Media tours of power plants
? Editorial board meetings

Media Contacts 3/12 d 3/19 (partial list):

? KFBK am 1530, Mike Ward
? Metro Networks Radio, Don Andrews
? KCRA, NBC- 3, Kevin Riggs
? KTXL FOX-40
? KXTV ABC d10
? KPIX, CH. 5 San Francisco
? National Public Radio, Capitol Morning Report, Mike Montgomery
? Craig Rose, San Diego Union Tribune
? David Ward, Bloomberg
? Dan Weintraub, Sacramento Bee
? George Spencer, Restructuring Today
? Jeff Barber, McGraw Hill
? Gretchen Wenner, Business Journal
? Don Thompson, Associated Press
? Jennifer Coleman, Associated Press
? Jennifer Warren, Los Angeles Times
? KGO Radio, San Francisco
? Leslie Burkman, Riverside Press Enterprise
? Jeff McDonald, San Diego Union Tribune
? Mike Taugher, Contra Costa Times
? Greg Lucas, San Francisco Chronicle
? Jennifer Bjorhus, San Jose Mercury News
? Phil Yost, San Jose Mercury News Editorial Writer
? Steve Lawrence, Associated Press
? Brandon Bailey, San Jose Mercury News

on 3/19/01 10:09 AM, Katie Kaplan at kaplan@iepa.com wrote:

> Greetings:
>
> We will have a Public Affairs conference call on Wednesday at 10:00 PST to
> discuss the game plan for the next week, distributions and other related
> issues. Agenda and updated memo to follow later today.
>
> Call in number for Wednesday 10:00 a.m. PST:
>
> 1-800-486-2460
> The Pass-code is:
> 120895
>
> Katie Kaplan
> Manager of State Policy Affairs
> Independent Energy Producers Association
> (916) 448-9499
>
>
>
>

 - IEP/PR Memo 3/20


Please see the corrections to done deals (intra-month and balance of the month have been eliminated).

Lex Carroll
Enron Power Marketing, Inc.
Midwest Region
713-853-5426


Where are we on the gas agreement for the Cleburne plant?


Shoot.  Love to, but I have a final on Sunday--yes Sunday--the 10th.

Hey, thanks for hanging up on me on Friday.


FYI--
The Allied Signal deal has been changed to a CES-Retail transaction, for
which Chris Germany should be verifying all pricing.

The PennFuel deals are entered incorrectly for the remaining term at a TCO
pool index, but it appears that Steve Gillespie is updating the pricing
monthly to accurately reflect the correct basis pricing plus variable cost of
transporation to the gate.

The Boonville pricing has been corrected to reflect NYX plus $.45 instead of
TCO pool index for the remaining term of the deal.

PennFuel

Joan Veselack@ENRON
03/29/2000 04:36 PM
To: Chris Germany/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Colleen
Sullivan/HOU/ECT@ECT
cc: Dick Jenkins/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Steve Gillespie/Corp/Enron@ENRON
Subject: CES TERM DEALS FOR TCO - Not in Sitara for April 2000

The following CES deals should roll into April 2000:

Allied Signal  ipp   Sell for 3405/day gms # s-alliedsignal-0034  ends
11/1/2001  sitara # 145328
PennFuel citygate  Sell for 5000/day gms # s-pennfuel-0001  ends 11/1/2000
sitara # 151759
PennFuel citygate  Sell for 2610/day gms# s-pennfuel-0002  ends 11/1/2000
Boonville citygate  Sell for 130/day  gms# s-boonville-0012  ends 7/1/2000
sitara # 166857

Chris and Scott, please check the term and pricing, and correct the deal
tickets. I did verify these tickets are not on the new Marketeast Desk.

Thank you!!!!!!!!!!!!!!!!!!!!!!!!


Check this out!
---------------------- Forwarded by Chris Dorland/HOU/ECT on 12/13/2000 02:39
PM ---------------------------

	Enron North America Corp.

	From:  Larry Jester @ ENRON                           12/13/2000 12:38 PM

To: Chris Dorland/HOU/ECT@ECT
cc:
Subject: Bear Market

---------------------- Forwarded by Larry Jester/Corp/Enron on 12/13/2000
01:37 PM ---------------------------

Don Baughman@ECT
12/11/2000 04:00 PM
To: shannontyer@email.msn.com, mstewart@pdq.net, reidstav@houston.rr.com,
travieso74@hotmail.com, PRHE@DYNEGY.COM, Kori Loibl/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Larry Jester/Corp/Enron@ENRON,
twomarshalls@hotmail.com, don.c.baughman@marshmc.com,
baughmanpatricia@hotmail.com
cc:

Subject:

 - salmon.asf


Just send cookies then and we will be happy.

"Immer, Ingrid" <Ingrid.Immer@Williams.com> on 11/01/2000 12:01:04 PM
To: "'mfleming@enron.com'" <mfleming@enron.com>, "'chris.germany@enron.com'"
<chris.germany@enron.com>
cc:
Subject: Mtg Tomorrow

Tomorrow looks like it's shaping up to be a busy day; so Keith and I need to
take a rain check for lunch.? Let's do lunch maybe later in the month when
things settle down a little.

Thank you.??? ii


----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 01:46 PM -----

New meeting request from Richard Shapiro

  02/23/2001 08:00 AM Local Time
  02/23/2001 12:00 PM Local Time

Title: Meeting w/ Seabron Adamson to discuss wholesale market structure
issues... LMP, forward markets, etc.....redefining and better articulating
Enron's policy positions
Location:  -No room information available-

Chair:  Richard Shapiro/NA/Enron

To (required): Steven J Kean/NA/Enron, James D Steffes/NA/Enron, Joe
Hartsoe/Corp/Enron, Steve Walton/HOU/ECT
cc (optional):


kevin:
Unfortunately, this is too far in the other direction! The earnings page has no formulas at all.  Maybe we should go back to the bigger model if you think it is one that they can work with.
Kevin

-----Original Message-----
From: Hyatt, Kevin
Sent: Thursday, January 31, 2002 12:36 PM
To: Howard, Kevin A.
Subject: Sun Devil

 Attached is a summary model for TW's Sun Devil project.  The original model is very large; this summary version is smaller but doesn't have the links and supporting pages.  Please feel free to call me with any quesions.

Kevin Hyatt
Director, Business Development
713-853-5559


I haven't made a fool of myself for several days now, so count me in!

 -----Original Message-----
From: 	McKalip-Thompson, Catherine
Sent:	Thursday, November 15, 2001 4:53 PM
To:	Hrach, April; Brodbeck, Kelly; Browner, Victor; Calvert, Gray; Carranza, Octavio; Dasovich, Jeff; Deane, Ryan; Fillinger, Mark; Fukada, Cary; Ha, Vicky; Kelly, Derek; Kistler, Dave; Kromer, Steve; Ly, Aandy; Mara, Susan; Mcdonald, Michael; Mentan, Ron; O'Neal, Aida; Parquet, David; Perrino, Dave; Petrochko, Mona L.; Qureishi, Ibrahim; Russell, Dean; Schoen, Mary; Sezgen, Osman; Springer, Jason; Turnipseed, Edith; Wehn, Samuel; Wong, Michael; Yee, Dennis; Zavala, Cristina
Subject:	Fun activities to beat the blues

Anyone up for some fun lunchtime activities the last week of November?

They've put up the outdoor ice rink at Embarcadero center...
... and they rent skates....

How does Thursday the 29th sound?


I think my head spun, then exploded.  Ditto on the busy part!  Trying to get
Max and Chloe ready for their departure Friday, meeting with contractors, and
work.  OY.

Alexandra Saler@EES
01/02/2001 11:35 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

happy new year!  I hope that you are having a great day.  my head is
spinning....I have so much to do, I don't know where to start!


Harry, Jeff, & Sue --

I keep getting these notes from Jeanne on different matters.

1. Is there any way to get Jeanne to start using non-CPUC terms to define the
dockets (e.g., SCE PE Advice process)?  I have a very difficult time trying
to figure out what material is being discussed.

2. I would like to have meeting to establish our priorities and leadership
roles for the CPUC going forward.  Not sure how our decisionmaking is taking
place.  I know that Harry has been taking a lot of the lead on these matters,
but want to make sure that from a personnel focus we are doing our best.

I'll ask Linda Noske to set up a call for this Thursday am.

Thanks,

Jim

 -----Original Message-----
From:  JBennett <JBennett@GMSSR.com>@ENRON
[mailto:IMCEANOTES-JBennett+20+3CJBennett+40GMSSR+2Ecom+3E+40ENRON@ENRON.com]
Sent: Friday, July 20, 2001 10:37 AM
To: Kingerski, Harry; Jeff Dasovich (E-mail); Jim Steffes (E-mail);
Neustaedter, Robert; Sue Mara (E-mail); Tamara Johnson (E-mail); Scott
Stoness (E-mail)
Subject: FW: To Service List A.00-10-045  SDG&E AL  1345-E

As part of its Memorandum of Understanding with DWR, SDG&E has filed the
attached advice letter.  If approved, SDG&E would be authorized to transfer
a $104 million overcollection in its TCBA to its Energy Rate Ceiling Revenue
Shortfall Account (the account established to record the revenue shortfall
from the implementation of AB 265).  The $104 million represents the
overcollection in utility retained generation revenues allocated to
customers which did not come under the AB 265 rate ceiling. That group would
include direct access customers.  SDG&E's rationale for the transfer is that
it is the legislature's intent that 100% of SDG&E's retained generation be
used to serve its 100 kW and below customers (i.e., the AB 265 customers).
SDG&E had advanced this theory in its recent rate design case.  It was
opposed by several groups and has not been ruled on by the Commission.

Protests on this advice filing are due August 6th.  Please let me know if
Enron is interested in protesting.

Jeanne Bennett
-----Original Message-----
From: REGAFFRS [mailto:REGAFFRS@sempra.com]
Sent: Monday, July 16, 2001 4:00 PM
To: bfinkelstein@turn.org; bishop@jrwood.com; bsl@cpuc.ca.gov;
chiefskip@aol.com; christine.costa@sce.com; cil@cd4.sannet.gov;
cjw5@pge.com; cwrmccv@worldnet.att.net; DavoodiKR@efaches.navfac.navy.mil;
difellman@energy-law-group.com; dlf@cpuc.ca.gov; douglass@arterhadden.com;
dpritchard@mofo.com; edf@cpuc.ca.gov; ek@a-klaw.com; fmo@sdcity.sannet.gov;
fosterbc@sce.com; freedman@turn.org; furutanj@efawest.navfac.navy.mil;
jbennett@gmssr.com; jguzman@nossaman.com; jleslie@luce.com;
jmalkin@orrick.com; jsqueri@gmssr.com; jweil@aglet.org; Keith Melville;
Kimberly Freeman; kswitzer@scwater.com; luluw@newsdata.com; Lynn Van
Wagenen; mbrubaker@consultbai.com; mdjoseph@adamsbroadwell.com;
mdm@cpuc.ca.gov; mrw@mrwassoc.com; mshames@ucan.org; msw@cpuc.ca.gov;
mv1@cpuc.ca.gov; pbray@newpower.com; raw@cpuc.ca.gov;
riald@kindermorgan.com; rliebert@cfbf.com; rschmidt@bartlewells.com;
sfc@cpuc.ca.gov; ssmyers@worldnet.att.net; Thomas Brill;
tknox@klalawfirm.com; tsmegal@calwater.com; uwua273@aol.com;
uwuaregion5@earthlink.net; wendy@econinsights.com
Subject: To Service List A.00-10-045 SDG&E AL 1345-E

Request to Transfer Approximately $104 Million From The Transition Cost
Balancing Account To The Energy rate Ceiling Revenue shortfall Account

 - 1345-E.pdf


Start Date: 4/10/01; HourAhead hour: 19;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

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Here is the revised Threshold for NG which takes it back to the 5/7 worksheet. Please review and let me know if there are any additional changes.

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


Doug -

sorry I couldn't speak earlier.  stop by or call when you can.

RH


Stinson,

Let's talk about it. It seems like an open personality clash developing
for the first time in the history of the group.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2001 03:12 PM ---------------------------

Zimin Lu
05/02/2001 01:41 PM
To:	Paulo Issler/HOU/ECT@ECT
cc:	 (bcc: Vince J Kaminski/HOU/ECT)
Subject:	Re: Asian Option for Pavel

Our convention is whoever finalizes the model should write the documentation.  It does not make sense
to write one when changes are anticipated.  You have been working on this almost a year, it never
strikes you that we need a documentation ?

I created Exotica.xll, does that also give you an excuse not working on Exotica documentation ?

Zimin

Paulo Issler
05/02/2001 11:52 AM
To:	Zimin Lu/HOU/ECT@ECT
cc:	Tai Woo/ENRON@enronXgate @ ENRON, Pavel Zadorozhny/Enron@EnronXGate
Subject:	Re: Asian Option for Pavel

I am surprised that we do not have the documentation ready.
I can make that for you. It is not there because you did not put that together by the time it was created and all the changes I have made did not required changes on the functionality.
Paulo Issler

Zimin Lu
05/02/2001 11:29 AM
To:	Tai Woo/ENRON@enronXgate @ ENRON, Paulo Issler/HOU/ECT@ECT
cc:	Pavel Zadorozhny/Enron@EnronXGate
Subject:	Re: Asian Option for Pavel

Tai Woo,

Here are the c-codes for the CrudeAPO.  'Sig' is the spot
volatility meaning the price volatility within the delivery period.
You should consult  with Pavel for the definition of this "extra" parameters.   We
would like to see the Position Monitor once you get it running.
We might have some additional suggestions.

Paulo,

Why don't we have a documentation on CrudeAPO you worked on ?
I can not find it in Exotica help file.   Please supply that to Tai, thanks.

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

From:	Tai Woo/ENRON@enronXgate on 05/02/2001 09:55 AM
To:	Paulo Issler/HOU/ECT@ECT
cc:	Kara Maloney/ENRON@enronXgate, Zimin Lu/HOU/ECT@ECT
Subject:	Asian Option for Pavel

This morning, Zimin told me that Pavel is using a special model in evaluating his Asian option portfolio.
He asked me to talk to you in order to access to the code so that I can see the difference made to the model.

As I cannot find the doc. describing this model, please tell me what that new input parameter 'Sig' is.

Thanks,

<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>


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Ashley,

Another professor I contacted. His web page is
http://are.Berkeley.EDU/~rausser/
Can we firm up the trip date? I shall be able to line up some meetings

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/11/2000
01:46 PM ---------------------------

vkamins@ect.enron.com on 08/11/2000 01:44:52 PM
To: rausser@are.berkeley.edu, vkamins@enron.com
cc:
Subject: Recruiting

Gordon,

This is the information about our recruiting program.

Vince

 - enron1.pdf


Thanks...sometimes we just labor in the warmth of anonymity.

 -----Original Message-----
From: 	Robertson, Linda
Sent:	Tuesday, October 16, 2001 10:49 AM
To:	Shapiro, Richard
Subject:	FW: CABC Update -- FERC Open Seat Decision

You and your gang played a huge role in Joe's selection.  Do all the right folks know that?  We in fact arranged for Frevert and Kean to lunch with Joe about three weeks ago in anticipation of this event.

 -----Original Message-----
From: 	Turner, Nancy
Sent:	Tuesday, October 16, 2001 11:35 AM
To:	Lavorato, John; Kitchen, Louise; Kean, Steven J.; Steffes, James D.; Shapiro, Richard; Robertson, Linda
Cc:	Johnston, Robert; Walsh, Kristin; Tholan, Scott
Subject:	CABC Update -- FERC Open Seat Decision

Our sources in Washington have reported to us that the White House has been calling Senate offices this morning to announce that Joe Kelliher will be nominated to the open FERC seat.  As you may be aware, Kelliher is currently an energy policy advisor to the Bush Administration.

Nancy Turner
Competitive Analysis
Enron Americas
Houston, Texas
Phone: (713) 345-1623
Fax: (713) 345-7297
nancy.turner@enron.com


i sold the jeep monday to some kid going to a&m next fall.  i bought a chevy
tahoe.  it is great.  i pick it up today. it is midnight blue with a tan
stripe at the bottom.  i got an incredible deal on it.  it is a 1998 and i
was looking at 96's that were selling for more.  it is probably a little too
nice for me, but what the hell.


Due to a conflict, the Regulatory Roundtable Meeting scheduled for Tuesday,
November 14 from 3:30 - 4:30 pm has been rescheduled for Tuesday, November 28
from 3:30 - 4:30 pm in 49C2.

Thanks


The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/26/2001>, published as of 10/26/2001 is now available for viewing on the website.


Yair:

I've left a message with Tracy Ngo (in Portland) and will let you know as
soon as I hear from her.  How long will you be in the office today?

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

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/13/2001 08:28 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: ISDA Schedule/Paragraph 13

Sara, Allegheny would like to be able to assign to affilaites in the same
manner that we are allowing Enron to make an ssignment so long as the Gty
goes along.  In our case, however, there is no gty, hence the stipualtion
that such assignment must be to an entity with an equal or better credit
rating.  If you wish, I can limit such assignment to an entity rated at least
BBB+ or better.  Would that resolve your concerns?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Thursday, April 12, 2001 12:26 PM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:

It's a good thing you didn't try to get back to me!  Sorrry.

(See attached file: AlleghenyCPformacceptR1.DOC)

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

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/12/2001
                    10:16 AM

Sara, sorry i didn't get back to you yesterday, I was out sick.  I didn't
notice anything attached, did u send a subsequent e-mail?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, April 11, 2001 4:01 PM
To: YYaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: RE: ISDA Schedule/Paragraph 13
Importance: High

Yair:

Attached is my redline.  Call me so that we can discuss the remaining
issues, including:

(1)  Calculation Agent.  We believe that the existing dispute mechanism is
adequate.

(2)  Procedures for Entering into Transactions.  There is no procedure for
dual confirms.  This is too confusing.

(3)  Transfer.  We cannot agree to your assignment provision as it is too
subjective.

The other changes were not substantive.

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

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/10/2001
                    07:46 AM

Sara, any thoughts on my comments ISDA I sent out last week?

-----Original Message-----
From: Yaish, Yair (OGC)
Sent: Thursday, April 05, 2001 6:19 PM
To: 'Sara.Shackleton@enron.com'
Subject: RE: ISDA Schedule/Paragraph 13

Sara, I have good news, I think we are very close to executing this baby.

I am attahcing comments to the ISDA.  They reflect comments by our outside
cousel which highlight the differences between this contract and the side
letter/ML ISDA.  They are not much.  I have also made some changes directly
on their draft where I either concurred with Enron or needed to make some
of my own changes.  Pls review and let me know what you think.

I will be leaving the office soon, so if we can wrap it up tomorrow that
would be great (I'm out Monday for Passover).

Yair Yaish
Director and Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7346

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, March 30, 2001 4:10 PM
To: yyaish@exchange.ml.com
Subject: ISDA Schedule/Paragraph 13

Yair:

Attached is a blacklined (against the Enron North America Corp. draft of
3/15/01) Schedule and Paragraph 13 to the ISDA Credit Support Annex.  I
have tried to incorporate the essence of the March 19, 2001 "swap side
letter agreement."  Please call me to discuss as it would be nice to
finalize by April 6.  Thanks.

(See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc)

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


Sara - per my voice mail, I am forwarding you a copy of the long form
confirmation that Peoples has suggested we use prior to an ISDA between
Peoples Energy Corp. and enovate, L.L.C.  We would like to execute on this
Gas Daily option early next week so your input on the most expedient
documentation is extremely appreciated.  Any questions, please give me a call.

Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 10/13/2000
03:30 PM ---------------------------

p.burgener@pecorp.com on 10/13/2000 02:59:38 PM
To: gregg.penman@enron.com
cc:
Subject: FW: Enovate/PEC ISDA

Gregg,

Can you have the appropriate people on the ENE side review this document
which we hope to use in the interim between PEC and enovate, L.L.C. for the
Gas Daily Option deal (Financial).  We hope to transact by very early next
week, which may need some quick turnaround.

Thanks,

> ----------
> From:  Jacobsen, Fred
> Sent:  Friday, October 13, 2000 2:49 PM
> To:  Marozas, Brian
> Cc:  Burgener, Paul
> Subject:  RE: Enovate/PEC ISDA
>
> Attached is a form of long-form confirmation.  Also, we will need a
> guaranty from Enron.  We would be looking for a guaranty similar to the
> one they provided for the PEC/ENA ISDA, only for 50% of the obligations of
> enovate.  Thanks, Fred.
>
>  <<Form of Long Form Confirmation (10-13-00).doc>>
>
> ----------
> From:  Marozas, Brian
> Sent:  Friday, October 13, 2000 10:31 AM
> To:  Jacobsen, Fred
> Cc:  Burgener, Paul
> Subject:  RE: Enovate/PEC ISDA
>
> Fred,
>
> Please send a long-form confirmation template to me and Paul Burgener.
>
> Thanks,
> Brian
>
>   ----------
>   From:  Jacobsen, Fred
>   Sent:  Tuesday, October 10, 2000 1:39 PM
>   To:  Marozas, Brian
>   Cc:  Nassos, John G.; Huprikar, Aparna
>   Subject:  RE: Enovate/PEC ISDA
>
>   Brian,  I just spoke with John Nassos and he indicated that
> although we would prefer to enter into transactions only after the ISDA
> and supporting documentation are in place, we could employ a long-form
> confirmation if Enron is agreeable to do so and (i) the enovate risk
> policy is executed and (ii) we receive a guaranty from Enron for 50% of
> enovate's obligations or we are willing to proceed without a guaranty upon
> the approval of Jim Burns and Aparna Huprikar.  Thanks, Fred.
>
>    ----------
>    From:  Marozas, Brian
>    Sent:  Tuesday, October 10, 2000 11:32 AM
>    To:  Jacobsen, Fred
>    Subject:  FW: Enovate/PEC ISDA
>
>    Fred,
>
>    Since we can't do a long-form, how close are we to
> finalizing the ISDA with Enovate?
>    PEC must purchase this product before November and
> is subject to price movements (See FYI).
>
>    Thanks,
>    Brian
>
>    FYI - We have to purchase the financial product
> ASAP.  The price of the financial product has gone from $963 K to $1,106
> K.   We have lost $143 K.
>
>    ----------
>    From:  Jacobsen, Fred
>    Sent:  Thursday, September 28, 2000 8:24 AM
>    To:  'Sara.shackelton@enron.com'
>    Cc:  Nassos, John G.; Huprikar, Aparna; Marozas,
> Brian
>    Subject:  Enovate/PEC ISDA
>
>    Sara, attached below please find drafts of the
> following ISDA documents to be entered into between Enovate, L.L.C. and
> Peoples Energy Corporation:
>
>    1. Schedule to Master Agreement
>    2. Paragraph 13 to Credit Support Annex
>    3. Exhibit A to Paragraph 13 to Credit Support Annex
>    4. ISDA Master Agreement
>    5. ISDA Credit Support Annex.
>
>     Please contact me via e-mail or at
> 312-240-7284 with any questions  and comments. Thank you, Fred.
>
>
>
>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

 - Form of Long Form Confirmation (10-13-00).doc


The JP Morgan report below gives further credence to the Mills/Huber thesis
of digital-age power growth.  The in-the-trenches story is different from
some of the academic studies by the conservation mavens.

- Rob

 - jp morgan.pdf


can you have the back run a new position report as of yesterday and include j aron


We are now able to open these but can't say I'm any happier about it.  Well,
maybe that's too extreme - at least it seems like a good idea in principle.
But I do have several questions:  Do we have a similar system here in NA?
Are we expected to review all of these?  Is there some way to filter out the
junk?  To whom should I address these questions?

---------------------- Forwarded by Mark Taylor/HOU/ECT on 05/03/2000 06:33
PM ---------------------------

ECTLON-LN1
05/02/2000 03:24 AM
To: Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Amita
Gosalia/LON/ECT@ECT, David Forster/Corp/Enron@Enron, Sheri
Thomas/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
cc:
Subject: New or Modified Mail in EOL Terminations

A new or modified message is in the EOL Terminations mail file.

Click on the doc link below to view the message.

This service is supported by European Notes Administration
 Who Date Subject

 Dave 03/04/2000 test from YAHOO. Please ignore.
 London Fax System 05/04/2000 New fax received (Likely sender: ).
 London Fax System 05/04/2000 New fax received (Likely sender: 716 661 3609).
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33).
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3610).
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 Agent Manager 25/04/2000 Enron Europe Remote Device Questionnaire.
 London Fax System 25/04/2000 New fax received (Likely sender: 713 646 8346).
 London Fax System 26/04/2000 New fax received (Likely sender: +44 171 970
2773).
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 London Fax System 28/04/2000 New fax received (Likely sender: 7136462308).
 London Fax System 28/04/2000 New fax received (Likely sender: 49 5241 35413).
 Agent Manager 01/05/2000 Feedback Questionnaire from Mark Frevert and John
Sherriff.


Can you upgrade me to first class?
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/02/2001 09:45 AM
---------------------------

Catherine Elder <catherine.elder@travelpark.com> on 02/02/2001 08:24:55 AM
To: "'Patti Thompson - email'" <patti.thompson@enron.com>
cc: "'Sally.Beck@enron.com'" <Sally.Beck@enron.com>
Subject: S. Beck 07-08Feb **Etkt Processed**

                                                   SALES AGT: CE/ZX5YNG

                                          BECK/SALLY
                                          SUITE 3015
                                          ETKT RECEIPT
  ENRON CORP

  DATE:  FEB 02 2001                   205505

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  07FEB HOUSTON TX     CALGARY AB     920A    1243P
CO 1563    H          WED   G.BUSH INTERCO CALGARY INTL
                            TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         4:23 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 14C NO SMOKING CONFIRMED BECK/SALLY W(ID

HOTEL                 07FEB SHERATON SUITES YYC EAU CLAIRE
                      08FEB 255 BARCLAY PARADE SW
                            CALGARY, AB T2P 5C2
                            CANADA
                            TELEPHONE: 403-266-7200
                            FAX: 403 266-1300
                            CONFIRMATION: C675106591
                            REFERENCE: D2QENR
                            SINGLE ROOM QUEEN SIZE BED
                            RATE: ENR CAD 175.00 PER NIGHT
                            GUARANTEE GIVEN
                            ENRON CORP NO SMK
              TO AVOID BILLING CANCEL BY 6PM DAY OF ARRIVAL

CONTINENTAL AIRLINES  08FEB CALGARY AB     HOUSTON TX     119P    610P
CO 1562    H          THU   CALGARY INTL   G.BUSH INTERCO
                                           TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:51 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 14C NO SMOKING CONFIRMED BECK/SALLY W(ID
                YOUR ETKT CONFIRMATION NUMBER IS: ITZPQT
           **************************************************
         YOUR TICKET REFLECTS A NEGOTIATED DISCOUNT FROM THE TAP
             THE PUBLISHED FARE FOR THIS TICKET IS $2061.66
           **************************************************

MISCELLANEOUS         07JUN HOUSTON TX
                      THU   ** THANK YOU FOR USING THE TAP **

      AIR FARE 1585.32      TAX 137.52          TOTAL USD        1722.84
                                            AIR TOTAL USD        1722.84

                                        INVOICE TOTAL USD        1722.84

PAYMENT: CCAX378771223712001/0301/A000020

RESERVATION NUMBER(S)  CO/ITZPQT

BECK/SALLY W  S5C0413R1055               TICKET:CO/ETKT 005 7024485690

CO  FREQUENT FLYER COSC681463
*******************************************
NTL TVLRS: CARRY SOS WALLET CARD W/ENRON ASSISTANCE INFO
CALL SOS MEDICAL EMERGENCY:IN U.S 800 523-6586
CALL SOS MEDICAL EMERGENCY:INTL 215 245-4707 (COLLECT)
*********************************************
PROOF OF U.S. CITIZENSHIP REQUIRED.
CERTIFIED BIRTH CERTIFICATE W/PICTURE ID OR PASSPORT
**************************************************
THIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET.
PLEASE CHECK-IN WITH PHOTO IDENTIFICATION AND WITH
EITHER (1) THIS RECEIPT OR (2) YOUR CONFIRMATION NUMBER.
THIS IS AN ADVANCE PURCHASE FARE THAT REQUIRES
TRAVEL ON THESE SPECIFIC DATES AND FLIGHTS.
CHANGES ARE SUBJECT TO AVAILABILITY AND REQUIRE
AT LEAST 3 DAYS ADVANCE NOTICE


In the original spreadsheet (sent yesterday), cell B97 was inadvertently left
blank.  This error did not affect any of the other values in the spreadsheet.
Attached is a corrected spreadsheet.

Phil Carver
503-378-6874
fax 503-373-7806
Oregon Office of Energy
625 Marion St. NE, Suite 1
Salem, OR 97301-3742


Jaime:
I am not available Wednesday morning.  I'm going to call our Mexican counsel
at 2:30 in the afternoon.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Jaime Williams@ENRON
	07/04/2000 07:16 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON
		 Subject: Re: Update

Thanks Carol, I understand you are only focusing on the Online transactions,
and all I ask from you is the clearance to do Online transactions.
Regarding Credit, Rod Nelson has been supporting us and he is leaving all the
pending things to Paul Radous.  Last week Rod and I spoke abut this, and his
view is a little different. He believes there could be some exposure if the
same counterparty transacts both on-line and off-line; however, there are
ways to limit the transactions and very probably the likelihood of that
happening is very little.  He was going to put together an opinion froom
their side, and I suggest we have a conference call wednesday morning....
I am traveling wednesday but reachable through my assistant Barbara.
011-452-8-152-2404.   PLease call any time is convenient for you so we can
discuss this matter and also talk to your counsel.
Thanks and regards.

   Carol St Clair @ ECT                06/30/2000 11:10 AM

To: Jaime Williams/NA/Enron@ENRON
cc: Sara Shackleton/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT

Subject: Re: Update

Jaime:
Here is a message that I received from our counsel.  Again, I and they are
just focusing on the Enron Online issues and Sara is handling the issues
relating to doing transactions offline between Enron Mexico and the Mexican
counterparties.  I will suggest to our counsel that we have a call mid next
week involving you, me and them.  What is your availability on Wednesday?
Alos, who from credit are you dealing with and are they aware that we
probably will not be able to in a bankruptcy situation offset amounts owed
with respect to the online and offline transactions?

Jeff:
Are there any tax issues that we need to be concerned about regarding the
online piece of this?
Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 11:00 AM -----

	Carol St Clair
	06/30/2000 08:05 AM

		 To: Mark Taylor/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
		 cc:
		 Subject: Re: Update

Mark and David:
Here is the status of research our counsel in Mexico is doing re online
issues.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 08:04 AM -----

	"Pablo Perezalonso" <pperezalonso@rhm.com.mx>
	06/29/2000 07:41 PM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: Re: Update

Carol:

We are working on the questionaire, but we have been delayed. We will have an
initial draft by the middle of next week.

Regards

>>> "Carol St Clair" <Carol.St.Clair@enron.com> 06/29/00 04:41PM >>>

Pablo and Jose:
Could one of you e-mail me with an update of how your review of the online
issues and documents is going and when we may be able to visit about your
views
on these matters?  Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 06/27/2000
08:36 PM ---------------------------

Victor Lamadrid
06/27/2000 03:50 PM
To: Edward Terry/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, George
Smith/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT
Subject: Flexible Physical US Nat Gas Products on EnronOnline

Wanted to give you a heads up to these flexible physical deals that might
involve your desks via EOL in the near future. We already have one in the
East.  I stressed to the Sitara/EOL folks the importance of adding comments
to the term sections of these baseload and term tickets so we know what is
happening.  One side of these buy/sell or exchange deals will be ratable and
the corresponding partner ticket will have the optionality.Comments will
include the corresponding deal number, that it is in fact a buy/sell or
exchange deal and the delivery time period(3,5 or 10 days) that the
counterparty desires.
I hope this helps...THANKS!

---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 06/27/2000
02:51 PM ---------------------------

	From:  Thomas Engel                           06/26/2000 11:49 AM

To: Linda S Bryan/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT
cc: Bob Bowen/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT
Subject: Flexible Physical US Nat Gas Products on EnronOnline

Can you all meet this afternoon or tomorrow to discuss this.
Call me 3-1488.

---------------------- Forwarded by Thomas Engel/HOU/ECT on 06/26/2000 11:42
AM ---------------------------

	From:  Scott Mills                           06/23/2000 09:51 AM

To: Thomas Engel/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT
cc:
Subject: Flexible Physical US Nat Gas Products on EnronOnline

Got any ideas on how this transaction should look.  This looks like a monthly
volume that would be further refined to daily on the expected volumes once
the counterparty has made their decision  (I would imagine logistics will be
the one communicating with the counterparty).  We probably need EOL to
indicate whether it is a 3, 5, 10 day delivery cycle and then indicate this
as comments.

Linda/Karen -what are your thoughts on how separate GTC would work on this.

If we could all do a little homework.  I will get something scheduled for
next week to discuss further.

SRM (x33548)
---------------------- Forwarded by Scott Mills/HOU/ECT on 06/23/2000 09:37
AM ---------------------------
Dale Neuner   06/23/2000 08:40 AM

To: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Imelda Frayre/HOU/ECT@ECT,
Larrissa Sharma/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT,
Jefferson D Sorenson/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Jennifer Blay/HOU/ECT@ECT
cc: Scott Hendrickson/HOU/ECT@ECT
Subject: Flexible Physical US Nat Gas Products on EnronOnline

We are positioning ourselves to release a new Product Type that we will refer
to as a Flexible Physical Gas product. Legal is in the process of drafting a
GTC and Product Type description that will be used with this Product Type. I
will start the building process once Legal provides the GTC and Product Type
description; but in the interim, here's a broadstroke description of how the
transaction works:

Party A and Party B exchange gas during the month of June 2000.

Party A buys 10,000 MMBtu per day (or 300,000 total MMBtu) at TCO Pool Index

Party B has the right to notify Party A of when Party B wants to take
delivery during the month of June, and may take delivery in one of three
forms: 3-day delivery, 5-day delivery, or 10-day delivery. The gas nominated
for each such day would be a percentage of the total 300,000 MMBtu (i.e.; If
Party B chooses 5 days for nomination, Party A would deliver 20% of the
300,000 MMBtu on each of those 5 days for a total nom of 100%).  Party B pay
TCO Pool Index PLUS a premium.

I understand that this type of transaction is currently done
over-the-counter. Scott Mills has previously issued an explanatory e-mail of
Sitara concerns and we should begin to address those issues.

Bjorn - if you could ask someone to prepare a Sigma Factor in advance, then
my turn around time to for the Product Type should be reduced. Also, due to
the varying 'optionality', do you think these three different products will
require three different Product Types?

Please feel free to call if you have any questions.

Dale
3-9746


Rakesh,

Looks fine.

Vince

Rakesh Bharati@ENRON
04/18/2001 03:50 PM
To:	Vince J Kaminski/HOU/ECT@ECT
cc:	Angela Davis/NA/Enron@Enron
Subject:	Non-Disclosure Agreement with Larry Thorne

Vince,

Here is a modified copy of the original document for your perusal, with all modifications clearly highlighted.  Please let me know if you have any questions or comments.

Rakesh


Bob:

I think we say we want the facility to be revenue enhancing and that we are
in favor of joint bids.  Take care.

Mark


Looks fine to me.  Dan, I assume you are comfortable with it.

	Karen Denne
	12/06/2000 05:06 PM

		 To: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
		 cc:
		 Subject: DRAFT PRESS RELEASE: NEPOOL Names New Chair

fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 12/06/2000
05:06 PM ---------------------------

Eric Thode
12/06/2000 04:36 PM
To: Karen Denne/Corp/Enron@ENRON, Kathryn Corbally/Corp/Enron@ENRON
cc:

Subject: DRAFT PRESS RELEASE: NEPOOL Names New Chair

Attached is a draft press release regarding the New England Power Pool
(NEPOOL).  They want to announce the election of a new chairman of one of
their committee's and he is an ENA employee.  Please review and send any
comments back to me by noon on Thurs., December 7.  Call me if you have any
questions.  Thanks.

Eric


John,

From all the information I am gathering, the Canadian gas curves should be out by 4:00 Houston time.  Kathy (Reeves) said the power curves should follow 30 minutes after the gas curves.  After talking with Phillip Love who is the Central Risk lead, it seems the traders are always away from their desks when it's time to load curves.  The usual response from the risk people is "we can't find the trader" when we are inquiring about the curve load.

Any help you could give us would be GREATLY appreciated!

Thanks.

K.


Attached please find the LNG Weekly Report for the week ending April 6.

There will be no LNG Conference Call today, April 6.

Regards,
Sunita


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Washington, DC.  (Suite 419)  you will need to dial x3360 (Louisa Asmar is
his assistant) and she will meet you in the lobby area and take you upstairs.
Jim and Rick will meet you there.

3:30 Meet with Dan Albert in Senator Bingaman's office (D-NM)  - Hart Senate
Office Building, Room 703.  Cynthia will meet you there.

4:00 - Meet with Representative Pallone, #420 Cannon House Office Building.
Cynthia will accompany you, Rick and Jim will meet you there.

Car will be waiting to take you to the airport.


I have included provision for providing rank correlation between "jump
occurrence in daily average power price" and "outage occurrence".  The model
will provide the same claim distribution as before when PriceVsOutage
Correlation = 0 is used.  Claim goes up as the correlation is increased.  I
have performed some sensitivity analysis and the results seem to make sense.

The new model workbook is "OutagePricingModel040901.xls" and corresponding
dll is "OutagePricing040901.dll", both located in
O:\GRM\RESEARCH\OUTAGERISK\  subdirectory.  The price vs. outage rank
correlation input will need to be provided in "MAIN" spreadsheet.  Please
call me if you have any questions.

-Amitava


Rod,
      This would be preferable, but I don't understand what rules could be changed to alter the existing accounting treatment.  Also, Kent's numbers do not decline over the suggested ten year life of the project, and I'd bet that the injection and withdrawal rates decline just like they did after the project was initially developed.  The other thing to keep in mind is that there will be no long term contracts securing the anticipated cash flow.  We will be relying on our storage desk to secure margins in the short term market (which is the only way to do high injection/high withdrawal storage to capture short term market anomalies).  Are you okay with that?  I am.

Dan

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Thursday, October 18, 2001 6:48 AM
To:	Saunders, James; Waymire, Dave; Gilbert, Steve
Cc:	Centilli, James; McCarty, Danny; Neubauer, Dave; Brassfield, Morris; Chandler, Bob
Subject:	RE: Redfield Deliverability Project

Maybe there is a way to skin this cat.     The service fee can have any number of scheduled payments, and have any life we need (or can get the other party to agree to) and that way we maybe able to pay them up front (non-financed) and amortize the amount to be paid over the life of the deal.     Don't take my word as gospel since accounting rules are changing as we speak, we need to get Jim to give us the parameters we would need in order to pass the audit.

 -----Original Message-----
From: 	Saunders, James
Sent:	Wednesday, October 17, 2001 5:20 PM
To:	Hayslett, Rod; Waymire, Dave; Gilbert, Steve
Cc:	Centilli, James; McCarty, Danny; Neubauer, Dave; Brassfield, Morris; Chandler, Bob
Subject:	RE: Redfield Deliverability Project

I have not been included in discussions of this transaction. FYI, to me, a prepayment for a service contract would generally be amortized over the life of the contract.

I do see that Bob was referenced in Dave's response.
Bob - comments?

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Wednesday, October 17, 2001 2:27 PM
To:	Waymire, Dave; Gilbert, Steve; Saunders, James
Cc:	Centilli, James; McCarty, Danny; Neubauer, Dave; Brassfield, Morris
Subject:	RE: Redfield Deliverability Project

I would appear to me that there may be some misconceptions here.     Why do we assume that by entering into a financing deal we will be any better off?  I would tell you that to the extent there was any risk in the deal, that we should probably charge someone else about 25-30% as well.     Think about it, 25% is only 15% after tax.   Has some one enumerated the risks and valued them on this deal?   I haven't seen any of that work, if it has been done.

I think I understand the concept proposed and I understand the proposed goal line, return with little or no expense up front.     I would assume that we would be willing to enter into a fixed price service agreement for a number of years?     Is Halliburton willing to take any risks whatsoever?

Alternatively, why don't we go through GSS (Global Strategic Sourcing) to look for a better deal?

Jim:   Have you looked at this for ideas on the accounting side?    Why can't I do a prepayment of a service contract fee and recognize the expense over the life of the deal?

 -----Original Message-----
From: 	Waymire, Dave
Sent:	Wednesday, October 17, 2001 9:17 AM
To:	Hayslett, Rod; Gilbert, Steve
Cc:	Centilli, James
Subject:	RE: Redfield Deliverability Project

Rod,

Below is some background on the Redfield Deliverability Project.

Halliburton initiated the contact with NNG to provide work over on selected wells based on software modeling in order to return deliverability to their original levels.  The work overs are planned over a 2-3 year period and are expected to have a lasting effect of at least 10 years.  The cost to model and rework these wells is estimated to be $5.73MM.  A test program would be conducted in the first year to determine the feasibility of continuing the program at a cost of $768,000.  If the test program did not prove out the project would be terminated at this point.  The original proposal was to treat the costs of the program as expense as the costs were incurred. Bob Chandler confirmed this accounting treatment.  This would result as Kent has indicated negative EBIT for the first 2-3 years.

As an alternative it was proposed to Halliburton that NNG would enter into a 10 year service agreement with Halliburton to model and rework the wells and provide guidance on proposed well work overs for the Redfield storage field.  Halliburton would agree to perform the test program and if test results indicate that further work overs would be economically feasible would spend an additional $4.96MM on a total of 60 well workovers in the first 3 years of the contract.  NNG currently budgets $300,000 per year for Redfield well maintenance with minimal increase in deliverability. Operations has committed $300,000 per year in well maintenance over the next 5 years to this project for a total of $1.5MM.

Halliburton has not formalized their counter offer, but has indicated that they would require a 25% to 30% return for assuming the financing.  Halliburton indicated that this is a non-standard deal for them and that is the reason for high return requirement.

The objective is to structure the deal as a service agreement either with an Enron Entity who would then contract with Halliburton or some other third party at a more reasonable rate.  Even at an estimated 30% return, preliminary incremental EBIT estimates for the Halliburton service agreement are between $400,000 to $500,000 the first 5 years and  $250,00 to $275,000 for the out years.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Friday, October 12, 2001 7:05 AM
To:	Gilbert, Steve
Cc:	Waymire, Dave
Subject:	RE: Redfield Deliverability Project

Couple of quick comments.    Prepaying as an expense would require coming up with some income to offset, and generally doesn't make economic sense.   An Enron company can't help because it consolidates, and therefore ends up with the same accounting results as we do.       What accountants have reviewed the proposal?

 -----Original Message-----
From: 	Miller, Kent
Sent:	Thursday, October 11, 2001 9:52 AM
To:	Hayslett, Rod; McCarty, Danny
Cc:	Waymire, Dave; Neubauer, Dave; Neville, Sue; Thomas, Steve
Subject:	Redfield Deliverability Project

Rod,

We looking for your help on some ideas on how to implement a good long term project that has negative short term cash flow.

We have been working with Halliburton to identify deliverability improvements at Redfield through the use of  improved technology related to identifying poor performing wells and implementing down hole remediation.  This project has costs and revenues as shown below that are great from a long term standpoint.  Steve Thomas and Maurice Gilbert have done an excellent job of identifying the benefits to NNG and the upsides in revenue that are expected.  Dave Waymire has also been very helpful in analyzing alternative and economics and have shown that the project has a great return (in excess of 30%).  Our problem is that the cost for the workovers at Redfield are all O&M expenses and not capital and we have a negative IBIT for the first 2 - 3 years of the project.  We have proposed that Halliburton structure the expenses such that they come in over a 5 - 10 year period so we don't have this negative IBIT flow in the first years, however, Halliburton has not been interested and has proposed a 30% finance charge for this structure.

What would be the appetite for possibly pre-paying a majority of these costs in '01 to avoid the negative '02 and '03 earnings impact or is there an Enron company that would finance/extend the expense payments.  This is a great project that we should do, however, it is difficult given the negative earnings impacts in the first couple of years.  Got any ideas to handle this financial hurdle??????

Year		Expense		Revenue		Net
'01		   ($173,000)		     -0-			  ($173,000)
'02		($2,420,000)		   $300,000		($2,120,000)
'03		($2,250,000)		$1,290,000		   ($960,000)
'04 and		       -0-			$2,055,000/yr		 $2,055,000/yr
forward

Thanks,

Kent