Please forward to public affairs group.
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/21/2000
07:39 AM ---------------------------

Nailia Dindarova@ECT
08/18/2000 09:43 AM
To: Steven J Kean/HOU/EES@EES
cc:

Subject: EFET paper on acceleration of energy liberalisation in the EU

Please see attached as promised by Peter Styles just now.


All -

Please find the attached presentation regarding Project Hurricane current status,

Steve Jernigan


Can you follow up with him on this.
 -----Original Message-----
From: 	Bridges, Michael
Sent:	Wednesday, January 23, 2002 12:58 PM
To:	Lavorato, John
Subject:	Trading

Currently, I am a Commercial Director working for Greg Piper in the estate.  I am contacting you regarding your potential need for individuals with strong trading, risk management, commercial and negotiation skills and expertise.

The following bullet points my skill sets:

Proprietary Trading and P&L management responsibilities: Natural Gas (responsible for all financial, physical, futures and options nat gas trading in my region)
Demand side risk management:  Natural Gas (Managed price and logistical risk for 120 production facilities in North America)
Extensive and long-term industry contacts
Highly rated (Enron PRC process):  Commercial Director
Strong negotiation skills

Prior to recent events, Fletch Sturm approached me to trade power for Enron.  If you have any interest in discussing this further, I will send you my resume and set up a time to talk.

Sincerely,

Mike Bridges
ext. 5-4079

cell:  713-857-2862


Plenty to do.  They should definitely be on SAP sooner rather than later.
Also, I think we should agree on a game plan for reviewing trading controls
ASAP.  Alot of offices out there.  Thanks.
---------------------- Forwarded by Richard Causey/Corp/Enron on 06/16/2000
02:28 PM ---------------------------

	Enron Europe

	From:  Enron Europe General Announcement @ ECT
06/16/2000 11:54 AM

To: ECT Europe
cc: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, David W
Delainey/HOU/ECT@ECT, Diomedes Christodoulou/SA/Enron@Enron, James
Derrick/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, Kevin Hannon/Enron Communications@Enron
Communications, David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Hirko/Enron Communications@Enron Communications, Stanley
Horton/Corp/Enron@Enron, Kurt S Huneke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES,
Mark Koenig/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, Rebecca P
Mark/HOU/AZURIX@AZURIX, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT, J
Mark Metts/HOU/ECT@ECT, Cindy Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES,
Ken Rice/Enron Communications@Enron Communications, Jeffrey
Sherrick/Corp/Enron@ENRON, John Sherriff/LON/ECT@ECT, Jeff
Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Whalley/HOU/ECT@ECT, Thomas
E White/HOU/EES@EES

Subject: Update on Acquisition and Integration of MG plc

Please see the attached memo from John Sherriff, President and CEO of Enron
Europe, for an update on the acquisition and integration of MG plc.


Thanks Rogers.   I think Steve would fit in with our group well.   I probably need to wait at least a week to let the dust settle on our own people issues.    My guess is we will end up losing 2-3 people and outside candidates then become viable.

-----Original Message-----
From: Herndon, Rogers
Sent: Sun 1/20/2002 9:42 AM
To: Presto, Kevin M.
Cc: Sturm, Fletcher J.
Subject: Steve Marland

Kevin -

Just an FYI - Steve Marland resigned from Reliant very recently.  Steve had been trading their term Midwest book and has previously covered the SE I believe.  I think Steve is a good trader, played the regional/time spreads very effectively, and is not afraid to put size on when appropriate.  I just think that Reliant's management team is "old school" and Steve was not being able to effectuate the changes he saw necessary (apparently, they would not even let him trade NG against his positions).

Steve just wanted to clear his head and get away.  He is looking at the opportunities everyone else is at the moment and is not in a rush.  I know he wants to work with a bright group that thinks the way he does.  I have told him that he should talk to you guys.  You may want to contact him directly when you have the green light to look outside ENE.  I have known Steve for awhile and think he could be a good fit - I think Fletch has met him and dealt with him in the markets as well.

Steve's cell number is 713-962-0274.  I know he would like to talk to UBS.

RH


Jim:
Here is an updated version.  Please disregard the previous version.  Thanks
Ben


I think I'll answer this question for at least the fifth time in the last two
weeks and the 200th time since I've been at Enron (including at least the
third time I have answered for Carol and the third time I have answered for
Mary).
---------------------- Forwarded by Peter Keohane/CAL/ECT on 03/20/2001 08:14
AM ---------------------------
   Carol St Clair                03/20/2001 07:45 AM

To: Peter Keohane/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
Subject: Cash Collateral In Canada

Peter and Greg:
One of our counterparties is questioning why we won't accept cash collateral
in Canada.  They claim that under the current state of the law, holding cash
collateral is the method for perfecting.  Please advise.  Should we ask
Stikeman to update their advice to us on this?

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


If I remeber correctly, you were writing a time-table for the Ontario Peaker
deal.


I'm up on all that. I was on my way to Portland, so couldn't pick up Canidate. However, it looks
like Faulk only has bruised bone and will be back in 1-2 weeks.
Shaun Alexander was the big miss, that guy could be a stud.
We won again, and are 4th in the league with a good shot to win our next 2.
Surprising, considering how shitty Thrash has become.

I will be back from Portland Wed night so I will probably see you at some point.
J

 -----Original Message-----
From: 	"Sumit Bhattacharya" <sumitb23@hotmail.com>@ENRON
Sent:	Tuesday, October 16, 2001 9:07 AM
To:	Wolfe, Jason
Subject:	Re: FW: football

http://games.espn.go.com/content/ffl/2001/story?page=waiverwirework5
What's up J,
coming in this weekend on Thursday.  Better see you, bud.
- S out.
>From: "Wolfe, Jason"
>To:
>Subject: FW: football
>Date: Thu, 6 Sep 2001 07:22:06 -0500
>
>
> > > > > > Round one
> > > > > > > 1) Molly Maguires - E. James
> > > > > > > 2) Boston Squash - R. Gannon
> > > > > > > 3) Snot Bubbles - M. Faulk
> > > > > > > 4) Jimmies - D. Culpepper
> > > > > > > 5) ESL Murder Dawgggs - P. Manning
> > > > > > > 6) Steelmania - Randy Moss
> > > > > > > 7) Bucs - Eddie George
> > > > > > > 8) Bronx Bombers - Jeff Garcia
> > > > > > > 9) Pump N Go Deep - Kurt Warner
> > > > > > > 10) Crack Stack - Fred Taylor
> > > > > > > 11) sealitup - Donovan McNabb
> > > > > > > 12) new - Brett Favre
> > > > > > >
> > > > > > > Round two
> > > > > > > 13) new - Marvin Harrison
> > > > > > > 14) sealitup - Stephen Davis
> > > > > > > 15) Crack Stack - Brian Griese
> > > > > > > 16) Pump N Go Deep - Curtis Martin
> > > > > > > 17) Bronx Bombers - Tim Brown
> > > > > > > 18) Bucs - Terrell Owens
> > > > > > > 19) Steelmania - Corey Dillon
> > > > > > > 20) ESL Murder Dawgggs - Tony Gonzalez
> > > > > > > 21) Jimmies - Ricky Williams
> > > > > > > 22) Snot Bubbles - Brad Johnson
> > > > > > > 23) Boston Squash - Issac Bruce
> > > > > > > 24) Molly Maguires - Trent Green
> > > > > > >
> > > > > > > Round Three
> > > > > > > 25) Molly Maguires - Keyshawn Johnson
> > > > > > > 26) Boston Squash - L. Tomlinson
> > > > > > > 27) Snot Bubbles - Cris Carter
> > > > > > > 28) Jimmies - Rod Smith
> > > > > > > 29) ESL Murder Dawgggs - Duce Staley
> > > > > > > 30) Steelmania - Derrick Alexander
> > > > > > > 31) Bucs - Matt Hasselback
> > > > > > > 32) Bronx Bombers - Lamar Smith
> > > > > > > 33) Pump N Go Deep - Ed McCaffrey
> > > > > > > 34) Crack Stack - Torry Holt
> > > > > > > 35) sealitup - Joe Horn
> > > > > > > 36) new - Ricky Watters
> > > > > > >
> > > > > > > Round 4
> > > > > > > 37) new - Eric Moulds
> > > > > > > 38) sealitup - Jamal Anderson
> > > > > > > 39) Crack Stack - James Stewart
> > > > > > > 40) Pump N Go Deep - Warrick Dunn
> > > > > > > 41) Bronx Bombers - Jimmy Smith
> > > > > > > 42) Bucs - Micheal Strahan
> > > > > > > 43) Steelmania - Amani Toomer
> > > > > > > 44) ESL Murder Dawgggs - David Boston
> > > > > > > 45) Jimmies - Wayne Chrebet
> > > > > > > 46) Snot Bubbles - Germane Crowell
> > > > > > > 47) Boston Squash - Ahman Green
> > > > > > > 48) Molly Maguires - Brian Urlacher
> > > > > > >
> > > > > > > Round Five
> > > > > > > 49) Molly Maguires - Michael Bennett
> > > > > > > 50) Boston Squash - Warren Sapp
> > > > > > > 51) Snot Bubbles - Robert Porcher
> > > > > > > 52) Jimmies - Shannon Sharpe
> > > > > > > 53) ESL Murder Dawgggs - Jerome Bettis
> > > > > > > 54) Steelmania - Chad Lewis, Phi
> > > > > > > 55) Bucs - Derrick Brooks
> > > > > > > 56) Bronx Bombers - London Fletcher - DL STL
> > > > > > > 57) Pump N Go Deep - Antonio Freeman
> > > > > > > 58) Crack Stack - Muhsin Muhammad
> > > > > > > 59) sealitup - Travis Taylor
> > > > > > > 60) new - Ray Lewis
> > >
> > >
> > > > > > > Round Six
> > > > > > > 61) new - Freddie Jones (TE--SD)
> > > > > > > 62) sealitup - Frank Wycheck
> > > > > > > 63) Crack Stack - La'Roi Glover
> > > > > > > 64) Pump N Go Deep - Tiki Barber
> > > > > > > 65) Bronx Bombers - Oronde Gadsden - WR MIAMI
> > > > > > > 66) Bucs - James McKnight
> > > > > > > 67) Steelmania - Aaron Brooks
> > > > > > > 68) ESL Murder Dawgggs - J Thrash
> > > > > > > 69) Jimmies - Ryan Longwell
> > > > > > > 70) Snot Bubbles - Jerry Rice
> > > > > > > 71) Boston Squash - Charles Woodson
> > > > > > > 72) Molly Maguires - Mike Brown , DB Chicago Bears
> > >
> > > > > > > Round Seven
> > > > > > > 73) Molly Maguires - Peter Warrick
> > > > > > > 74) Boston Squash - Michael Westbrook
> > > > > > > 75) Snot Bubbles - Jevon Kearse
> > > > > > > 76) Jimmies - Mark Brunell
> > > > > > > 77) ESL Murder Dawgggs - J Galloway
> > > > > > > 78) Steelmania - Tyrone Wheatley
> > > > > > > 79) Bucs - Byron Chamberlain
> > > > > > > 80) Bronx Bombers - Emmitt Smith
> > > > > > > 81) Pump N Go Deep -
>
>
>
>
>**********************************************************************
>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.
>**********************************************************************

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


We have received an executed First Amendment to Master Agreement by and between Kerr-McGee Energy Services Corporation (f/k/a HS Energy Services, Inc.) ("Kerr-McGee") and Enron North America Corp. dated effective as of November 1, 2001, which amends a) the cross-default threshold for Kerr-McGee, b) the collateral threshold for Kerr-McGee, c) the delivery and return amounts, d) the material adverse change clause for Kerr-McGee, and e) provides for a new Credit Support Provider for Kerr Mc-Gee, as well as a new Guaranty from such Credit Support Provider (such Guaranty has also been received).

Copies will be distributed.

Stephanie Panus


these are from last year so the the final rules may change a little but not much

-----Original Message-----
From: Hull, Bryan
Sent: Monday, August 27, 2001 4:03 PM
To: Cuilla, Martin
Subject: RE:

will you send me the rules? and do we have a website?

-----Original Message-----
From: Cuilla, Martin
Sent: Monday, August 27, 2001 3:10 PM
To: Bass, Eric; Cuilla, Martin; Ermis, Frank; Grigsby, Mike; Hull, Bryan; Kuykendall, Tori; Lenhart, Matthew; Mckay, Brad; Murrell, Russell E; Neal, Scott; Shively, Hunter S.; South, Steven P.; Williams, Jason (Trading)
Subject:

The draft will be held Tuesday Sept. 4th and Wednesday Sept. 5th starting at 5pm.  It should only take about 1 - 1 1/2 hours each day

Draft order selection:

Matt Lenhart
Jason Williams
Eric Bass
Steve South
Mike Grigsby
Tori Kuykendall
Hunter Shively
McKay/Neal
Martin Cuilla
Russell Murrell
Frank Ermis
Bryan Hull


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Please notice that distillate and unleaded options have been added.

Option Candlesticks
http://www.carrfut.com/research/Energy1/candlesticks50.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


No, not that I know of.  I've never met the western Fossum, but I do know the
guys who own Western Hub pretty well--John Strom and Larry Bickle.  If we
have any interest in this project or other merchant storage in California,
these are the guys to deal with as they have mapped about 90% of the state
looking for salt or other storage plays.

ET & S Business Intelligence
From: Lorna Brennan on 02/28/2000 02:50 PM
To: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Lee
Huber/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON
cc:
Subject: California Storage

Drew, a relative of yours?

CA Merchant Storage Plant Passes Major Test

     California regulators Thursday released a final environmental impact
report for the
     state's second merchant underground natural gas storage project in the
Sacramento
     Valley of northern California. Absent new opposition from surrounding
landowners,
     Texas-based Western Hub Properties hopes to have its $80 million storage
project
     operating by the end of this year, following a year's delay in the
approval process for
     environmental review.

     Western Hub is also pursuing a similar-sized underground storage project
in Texas and
     it has identified a site for a second California storage operation in
the Bakersfield area,
     according to Jim Fossum, Western's California operations manager.

     Final approval of the Lodi Gas Storage Project located south of
Sacramento should
     come in May, Fossum said, meaning that construction could begin this
summer and be
     operational before the end of the year. "We see the environmental report
as the 'light at
     the end of the tunnel'," Fossum said.

     Under California's environmental review process (CEQA), the California
Public Utilities
     Commission (CPUC) prepared a draft environmental report (EIR)
identifying the
     project's environmental impacts and mitigation measures. The draft then
was circulated
     to appropriate public agencies and the general public for comment before
the final
     report can be issued. Three public hearings on the draft report were
held by the CPUC
     last October.

     Under the CPUC's procedures, a proposed decision from the administrative
law judge
     for the case is due by mid-March, after which there is a 30-day period
before the
     project can come before the five-member commission for a final decision,
a CPUC
     spokesperson said.

     "We hope to be on-line, and that is 'hope', this year because we already
have our
     compressors and pipe, so it is just a matter of getting crews there and
that can go pretty
     quickly," Fossum said. "In the best of all worlds it would be this year;
in the worst case,
     it would be a year from now."

     Western Hub has some of its customers lined up, and it is in current
discussions with
     others, said Fossum, declining for competitive reasons to even identify
the types of
     customers, although they are expected to be large shippers, marketers,
power plant
     operators and other large industrial customers.

     The Lodi project is designed for full operation as having a 12 Bcf
working capacity,
     with 400 MMcf/d injection and 500 MMcf/d withdrawal capacities. It will
be
     connected to Pacific Gas and Electric Co.'s backbone transmission system
through a
     35-mile pipeline consisting of three miles of 30-inch-diameter and 32
miles of
     24-inch-diameter pipe. During the past year's delay in start-up, Western
has "moved
     the pipeline around a bit, but not a whole lot," Fossum said. "to make
accommodations
     to nearby farmers."

     Western Hub's similar-sized Texas project is south of San Antonio and
would be
     connected with three natural gas transmission systems in the area:
Houston Pipeline,
     PG&E --- Texas (bought recently by El Paso) and the City of San Antonio.
"We
     expect to have it on-line the same time as Lodi," Fossum said.

     Fossum said Western is "moving ahead" with a second California site in
the Bakersfield
     area, but he declined to give any further details, noting Western Hub
expects to have
     more definitive information next month. He did say that if a second
California project
     moves ahead, Western expects to have it operational by early 2002.

     Unlike northern California, storage in the Bakersfield area would not
have to connect
     with the local utility transmission system of Southern California Gas.
The combined
     Kern River/ Mojave interstate pipeline also comes into the area.


Will do.

These events are recorded and I will follow up with a review.

Thanks
Lloyd Will


Name  Robin Rodrigue
E-Mail  Robin.Rodrigue@enron.com
Title  Analyst
Phone  5-7478
Location  3256a
Department  Gas Risk Management
Company Name  EWS
Company Number  083E
Cost Center  103845
Rotation Start Date 3/15/00
Supervisor  David Baumbach

Karen Davis@ENRON
01/04/2001 03:33 PM
To: Marc Sabine/NA/Enron@ENRON, Mark Castiglione/Corp/Enron@ENRON, Ryan
Synnott/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT, Binh Pham/HOU/ECT@ECT,
Rahmaan Mwongozi/Corp/Enron@ENRON
cc:
Subject: Information Request

We are in the process of updating our database for billling purposes and we
need your Rotational information.  Please complete the below information and
forward to me ASAP.

Name
E-Mail
Title
Phone
Location
Department
Company Name
Company Number
Cost Center
Rotation Start Date
Supervisor


Will, due to the changing circumstances, the West and Canada have traders using multiple books, multiple regions for phys and Fin. Can we work around this or make a change that would not be too complicated?

John

 -----Original Message-----
From: 	Chang, Fran
Sent:	Monday, February 04, 2002 10:08 AM
To:	Postlethwaite, John
Subject:	FW: quick question regarding EOL Adminstration

 -----Original Message-----
From: 	Smith, Will
Sent:	Monday, February 04, 2002 10:07 AM
To:	Chang, Fran; Luu, Duong
Subject:	RE: quick question regarding EOL Adminstration

Fran,

All deals from EOL are mapped to a desk in EnPower following these rules:

There cannot be more than one desk for any combination of
Trader
Region
Nature (Phys/Fin)

Therefore, you can have a trader with different books, so long as either the Region or Nature is different.

Let me know if you have any other questions.

Will

 -----Original Message-----
From: 	Chang, Fran
Sent:	Monday, February 04, 2002 11:23 AM
To:	Smith, Will; Luu, Duong
Subject:	quick question regarding EOL Adminstration

Hi, Duong Luu and Will:

We are trying to add Tim Belden in EOL Adminstration (under Enpower) to be the Trader of "NETCO Long Term Southwest" after I have added him as the trader for "NETCO Long Term California",  but I kept getting below error message:

ORA-00001: unique constraint (PWR.PK_DEAL_DEFAULT_DESKS) violated

Is this because we cannot have any individual to be the trader of more than one west book?

Please advise.

Thanks,

Fran


Corry, Cara,

There is a new version of Table Edit in Stage, ver. 1.0.0.33, which Counterparty Extensions and Aliases have been added to it.  Bill informed me that you two were the best candidates to look at this for user testing.  Please let me know how it looks, and if you have any questions.  Be sure to verify the version number.

Thanks,

Brett Pate
Enpower QA

 -----Original Message-----
From: 	Crooks, William
Sent:	Monday, July 09, 2001 12:35 PM
To:	Martin, Karen Y; Pate, Brett
Subject:	FW: New Version of Table Edit

QA:

	Let's move this to Stage and then contact Melissa regarding the Legal Entity Rule tab (she's best to test that.)  Corry and Cara can test the Couterparty Extensions & Aliases - just let them know that this is critical to Preschedule Workspace.

Regards,
Bill x53492

 -----Original Message-----
From: 	Venkataswami, Vishwanatha
Sent:	Monday, July 09, 2001 12:24 PM
To:	Pate, Brett; Martin, Karen Y
Cc:	Smith, Will; Luu, Duong; Crooks, William
Subject:	New Version of Table Edit

QA Team,

New Version of Tabledit.Exe 1.0.0.33 is moved to P:\PowerSys\Stage. Following tabs are added to this
?	Counterparty Extensions & Aliases
?	Legal Entity Rule

If you have any questions please do let me know,

Thanks,
Vish
X 53209


Andrew,

Please e-mail a phone number were I can give you a call in a few minutes....Need travel advice.

Keith


Resending since you didn't get it earlier.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 10:07
AM ---------------------------

Kay Mann
12/11/2000 07:26 AM
To: david.onuscheck@us.abb.com
cc: ccobb@akllp.com, pthompson@akllp.com

Subject: Attached Files

Here's a good place to start.  I'm including a memo from Andrews & Kurth, our
outside counsel who drafted the form.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 07:24
AM ---------------------------

"Cobb, Chris" <chriscobb@akllp.com> on 11/15/2000 07:23:02 AM
To: <kay.mann@enron.com>
cc: "Thompson, Peter J." <peterthompson@akllp.com>

Subject: Attached Files

Attached please find the ABB Form Transformer Purchase Agreement with
our comments removed and placed in a memorandum, which is also attached.

 <<memo to Kay Mann re: drafting comments on ABB Agreement.DOC>>  <<ABB
Power T&D Company Form Transformer Purchase Agt..DOC>>
 -  drafting comments on ABB Agreement.DOC
 - ABB Power T&D Company Form Transformer Purchase Agt..DOC


Here is a slightly reformatted note (1 page) that also adds Competitive
Default Supply.  Give me your comments ASAP.

It sure doesn't look too good for the forces of "right".

Jim

----- Forwarded by James D Steffes/NA/Enron on 02/28/2001 08:32 AM -----

	John Neslage@ENRON_DEVELOPMENT
	02/27/2001 07:53 PM

		 To: James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON
		 cc: Richard Shapiro/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron,
sgovenar@govadv.com>, Sandra McCubbin/NA/Enron,
		 Subject: Issues for Mtg with Delainey on 2-28-01

Attached below are talking points for tomorrow morning's meeting with Dave
Delainey.  Please let me know if you have anything additional to add, or if
you want to make a suggestion regarding what already is there.  I know there
is a very slight formatting error on the second page, but we will get that
corrected first thing in the morning.

Thanks

John


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PULP, WRITING & PRINTING PAPER 10/17/2001

Welcome to Enron's Pulp, Writing & Printing Paper News Service. This daily mailing brings the most recent news headlines right to your inbox. You may also receive this daily service specific to the following areas: 1) Recovered, Container & Packaging; 2) Newsprint; 3) Lumber. To join any of these lists, CLICK HERE <http://www.forestweb.com/fwsnippets/mailinglists/enron_lists.html>.

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Contents

FOEX NBSK price increases again; U.S. newsprint still dropping ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14382>...)
China's Nanping Paper merging with Qingshan Paper ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14399>...)
International Paper to permanently shut Erie, Pa., paper mill-cuts 760 jobs ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14401>...)
LP to close BCTMP pulp mill in Chetwynd, B.C., until new owner found ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14420>...)
Georgia-Pacific 'scores' sponsorship with Major League Soccer ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14389>...)
Pennsylvania Gov. offers workers assistance as IP to shut Erie mill ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14393>...)
Western-region demand for whole-log chips continues to wane ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14414>...)
International Absorbents to be featured on public television business show ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14421>...)
Pope & Talbot announces $0.15 fourth quarter dividend ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14390>...)
IP posts $275 million 3Q loss; CEO vows to 'streamline and improve' ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#story14410>...)

FOEX NBSK price increases again; U.S. newsprint still dropping

10/16/2001 10:48:14, Forestweb

SAN FRANCISCO, Oct. 16, 2001 (Forestweb) --- The PIX price of northern bleached softwood kraft (NBSK) in Europe has increased to $463.94/tonne, up $5.05/tonne from a week ago.

This is the t...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14382&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

China's Nanping Paper merging with Qingshan Paper

10/16/2001 16:27:53, Chinapaperonline

BEIJING, Oct. 15, 2001 (Chinapaperonline) -- Southeast China's Nanping Paper Corp. shall acquire 70 million Class A preferred stocks of Qingshan Paper Corp. at RMB2.23 per share [RMB15.61 million (US$1.89 million)]. The purchase was approved by a recent shareholder conference. After the acquisition, Nanping shall become the largest pulp and paper maker in Southeast China's Fujian Province....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14399&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

International Paper to permanently shut Erie, Pa., paper mill-cuts 760 jobs

10/16/2001 16:31:01, Press Release

ERIE, Pa., Oct. 16, 2001 (Press Release) -- International Paper Co. announced today that it will close its pulp and paper mill in Erie. The decision, which will impact 760 positions at the mill and within Forest Resources and other supporting functions, was reached after a thorough review and consideration of all available options. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14401&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

LP to close BCTMP pulp mill in Chetwynd, B.C., until new owner found

10/17/2001 09:00:52, BW

CHETWYND, B.C., Oct. 17, 2001 (Business Wire/press release) -- Louisiana-Pacific Canada Ltd. today announced that it will indefinitely close its hardwood bleached-chemi-thermo-mechanical pulp (BCTMP) mill in Chetwynd, British Columbia. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14420&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

Georgia-Pacific 'scores' sponsorship with Major League Soccer

10/16/2001 12:11:25, Press Release

NEW YORK, Oct. 16, 2001 (Internet Wire) -- Major League Soccer (MLS) and Georgia-Pacific have signed a partnership that makes Georgia-Pacific an MLS corporate partner through the 2005 season, MLS Vice President of Corporate Partnerships, Tom Haidinger announced today. Under the terms of the agreement, Georgia-Pacific brands Mardi Gras, Zee and Soft 'n Gentle become the official paper towel, paper napkin and bath tissue of MLS and its 12 member teams beginning at the league's championship game, MLS Cup 2001, on October 21 in Columbus, Ohio. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14389&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

Pennsylvania Gov. offers workers assistance as IP to shut Erie mill

10/16/2001 13:37:16, PRNewswire

HARRISBURG, Pa., Oct. 16, 2001 (press release) -- Pennsylvania Gov. Mark Schweiker today directed immediate assistance to workers laid off from International Paper's pulp and paper mill in Erie.
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14393&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

Western-region demand for whole-log chips continues to wane

10/17/2001 07:40:55, Forestweb

By Linda K. Barr

PORT ORCHARD, Wash., Oct. 17, 2001 (Forestweb) -- Wood fiber consumption at the 22 pulp mills in the western region of the U.S. is down 13 percent this year (through September...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14414&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

International Absorbents to be featured on public television business show

10/17/2001 09:07:00, PRNewswire

BELLINGHAM, Wash., Oct. 17, 2001 (press release) -- International Absorbents Inc., a leading developer and producer of environmentally-friendly pet care and industrial products, today announced that the Company will be featured on Alexander Haig's World Business Review (WBR). The episode will air in early November on almost 200 U.S. public television stations along with some independent ABC, CBS and Fox stations. These stations include the major viewing areas of New York, Washington DC, Chicago, San Francisco and Miami, with a potential audience of over 50 million. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14421&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

Pope & Talbot announces $0.15 fourth quarter dividend

10/16/2001 12:19:33, PRNewswire

PORTLAND, Ore., Oct. 16, 2001 (PRNewswire/press release) -- Pope & Talbot, Inc. (NYSE: POP) today announced a fourth quarter dividend payment of 15 cents per share, payable on November 20, 2001, to common stockholders of record November 6, 2001, according to Michael Flannery, Chairman and Chief Executive Officer.

...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14390&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

IP posts $275 million 3Q loss; CEO vows to 'streamline and improve'

10/17/2001 05:59:07, PRNewswire

STAMFORD, Conn., Oct. 17, 2001 (press release) -- International Paper today reported third-quarter 2001 earnings of $68 million ($0.14 per share) before special items, compared with $260 million ($0.53 per share) in the third quarter 2000 and $64 million ($0.13 per share) in the second quarter 2001. All figures are before special and extraordinary items....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14410&_UserReference=9059651FB91F88043BCDB7DF>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=1915&_UserReference=9059651FB91F88043BCDB7DF#top>
  _____

To unsubscribe from the Pulp, Writing & Printing Paper News, click on UNSUBSCRIBE <mailto:requests@forestweb.net?subject=unsubscribe%20enronpulp> and simply send the corresponding email.

All news reports are copyrighted by the respective authors.
powered by Forestweb


I will be out of the office on Tuesday, October 10th. My son Joseph and I
have follow-up appointments on this day.  Thank You.


EnronOnline
Trade Counts and Volume for May 24, 2001

			EXTERNAL		INTERNAL		TOTAL
COUNTRY	COMMODITY	CATEGORY	COUNT	QTY	COUNT	QTY	COUNT	QTY	UNIT OF MEASURE
Belgium	Natural Gas	Physical	              8 	         175,000 	          -   	                   -   	              8 	         175,000 	MMBtu
Canada	Natural Gas	Financial	            22 	    12,365,000 	         19 	      7,765,000 	            41 	    20,130,000 	MMBtu
Canada	Natural Gas	Financial Option	              3 	      2,574,500 	          -   	                   -   	              3 	      2,574,500 	MMBtu
Canada	Natural Gas	Physical	          221 	      8,495,162 	           1 	         300,000 	          222 	      8,795,162 	MMBtu
Canada	Power	Financial	            11 	           10,707 	           1 	             1,234 	            12 	           11,941 	MWh (Canada)
Singapore	Oil Products	Financial	              1 	           50,000 	          -   	                   -   	              1 	           50,000 	Barrel
United Kingdom	Crude	Financial	              9 	         925,000 	           1 	           45,000 	            10 	         970,000 	Barrel
United Kingdom	Metals	Financial	          542 	           15,100 	         43 	                  25 	          585 	           15,125 	LME Registered mt Lot
United Kingdom	Natural Gas	Physical NBP	            58 	      6,029,960 	          -   	                   -   	            58 	      6,029,960 	MMBtu
United Kingdom	Oil Products	Financial	              2 	           30,000 	          -   	                   -   	              2 	           30,000 	Crack bl/m
United Kingdom	Oil Products	Financial	            12 	           42,387 	          -   	                   -   	            12 	           42,387 	mt
United Kingdom	Power	Physical	              9 	         715,680 	          -   	                   -   	              9 	         715,680 	MWh
USA	Crude	Financial	          391 	    16,520,000 	         73 	      2,660,000 	          464 	    19,180,000 	Barrel
USA	Gas Pipeline Capacity	Physical	              4 	         624,200 	          -   	                   -   	              4 	         624,200 	MMBtu
USA	LPG	Financial	              4 	         115,000 	          -   	                   -   	              4 	         115,000 	Gallon
USA	Natural Gas	Financial	       1,233 	  455,022,007 	       601 	  252,616,247 	       1,834 	  707,638,254 	MMBtu
USA	Natural Gas	Financial Option	            18 	    17,300,000 	           8 	      8,000,000 	            26 	    25,300,000 	MMBTU
USA	Natural Gas	Physical	       2,191 	    51,074,420 	         33 	         157,919 	       2,224 	    51,232,339 	MMBtu
USA	Oil Products	Financial	            31 	      1,115,000 	           6 	           80,000 	            37 	      1,195,000 	Barrel
USA	Paper	Physical	              1 	             1,000 	          -   	                   -   	              1 	             1,000 	Metric Tons (+/- 5%)
USA	Petchems	Financial	              3 	           30,000 	          -   	                   -   	              3 	           30,000 	Gallon
USA	Power	Financial	            75 	         228,723 	         12 	           71,546 	            87 	         300,269 	MWh
USA	Power	Physical	          612 	    14,839,428 	       192 	      7,071,192 	          804 	    21,910,620 	MWh
USA	Rate and Currency	Financial	             -   	                   -   	           4 	      9,400,000 	              4 	      9,400,000 	EUR/1
USA	Rate and Currency	Financial	             -   	                   -   	           2 	      6,000,000 	              2 	      6,000,000 	FX USD
USA	Rate and Currency	Financial	             -   	                   -   	           2 	      4,000,000 	              2 	      4,000,000 	USD/1
USA	Weather	Financial	              1 	                    3 	          -   	                   -   	              1 	                    3 	Cooling Degree Day
			       5,462 		       998 		       6,460


If these are men's sizes, I'm a small.

Thanks,

Kay


Steve:

Dwight Larson asked Steve Angle and me to prepare a list of mitigation
measures we believe would help get FERC and SEC approval so that the merger
could close by year end.  Attached is a list that Steve Angle and I put
together.  Dwight is preparing a summary of our comments (along with others')
for your review prior to the meeting with Walt Higgins, but I thought you may
want to see the list Steve and I put together.

A couple of caveats to the list:  First, for vertical market power, we
propose that PGE release its firm transmission capacity into California when
Sierra is using the Alturas line (i.e., at times when TANC and SMUD are
prevented from importing up to 300 MW into California).  However, the cost to
PGE to release this capacity is apparently great and could have a material
adverse effect on PGE.  Therefore, we may need to consider other mitigation
measures -- such as capping the price of power sold by PGE into California
during these times.  This mitigation is not as clean as a release of capacity
-- it requires FERC to monitor PGE's sales and FERC could have some concern
that PGE could game the rules.  Nevertheless, it may be the only viable form
of mitigation we have.  We did not propose this alternative option in our
list of mitigation measures.

Second, we need assurance from PGE that the buyback contracts they are
negotiating in the sale of their generators will not give Sierra market power
(a concern raised by FERC in the July 26 order).

Call me if you have any questions.  Good luck with the meeting tomorrow.

Sarah

---------------------- Forwarded by Sarah Novosel/Corp/Enron on 08/16/2000
05:44 PM ---------------------------

"Angle, Stephen" <sangle@velaw.com> on 08/16/2000 01:12:21 PM
To: "'dwight.larson@enron.com'" <dwight.larson@enron.com>
cc: "'Sarah Novosel'" <snovose@enron.com>, "Fullenweider, Keith"
<KFullenweider@velaw.com>, "Wenner, Adam" <awenner@velaw.com>

Subject: Commitments Needed to Expedite PGE/Sierra Merger Approval

Here is the wish list prepared by Sarah and me that responds to your request
for input for your meeting tomorrow.

 <<99522_1.doc>>

 - 99522_1.doc


This request has been pending your approval for  31 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000067320&Page=Approval to review and act upon this request.

Request ID          : 000000000067320
Request Create Date : 10/11/01 10:24:53 AM
Requested For       : matt.smith@enron.com
Resource Name       : Risk Acceptance Forms Local Admin Rights - Permanent
Resource Type       : Applications


Dear Jeff,

Yes, the cookie that stores your login will store your most recent attempt
(regardless of whether it worked or not...).  So, that will lead to your
login being incorrect if you'd typed it in wrong any time...  Thanks for the
pointer; we'll try to see if we can come up with a solution...  :)

Cheers,

Izio Support
support@izio.com

----- Original Message -----
From: <Jeff.Dasovich@enron.com>
To: "Izio InfoPier" <InfoPier@izio.com>; <helpdesk@haas.berkeley.edu>
Sent: Friday, September 22, 2000 3:14 PM
Subject: Re: New Izio InfoPier Access Info

>
> Thank you.  FYI.  Seems that the problem was that the last letter in my
> IZIO login (that comes up automatically when pulling up the page) was
being
> truncated (which may result from my regular work login pre-empting the
IZIO
> login--the two are exactly the same, except that my work login truncates
> the last letter of my name).  Thanks very much for your help.
>
>
>
>                     Izio InfoPier
>                     <InfoPier@izi        To:
dasovich@haas.berkeley.edu
>                     o.com>               cc:
>                                          Subject:     New Izio InfoPier
Access Info
>                     09/22/2000
>                     03:10 PM
>
>
>
>
>
> Dear Jeffrey,
>
> We generated a new password for you, as you requested, to use with your
> login on the Izio InfoPier System of Haas School of Business - UC
Berkeley.
> Your new password is 6611030.  Please do not forget to change it by going
> to the system's home at haas.infopier.com.  Remember to avoid using
regular
> words, which are easy to hack, and sprinkle a few '@$%' just in case.?>?> Best wishes,?> The Izio Team.?>?>?>?>?>?>


- Row.pdf


----- Forwarded by Tana Jones/HOU/ECT on 11/06/2000 09:01 AM -----

	exchangeinfo@nymex.com
	11/06/2000 08:34 AM

		 To: tana.jones@enron.com
		 cc:
		 Subject: (00-377) Margin Rate Change for Crude Oil, Unleaded Gasoline, and
Heating Oil

Notice No. 00-377
November 6, 2000

TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE

Effective Date: Monday, November 6, 2000 (close of business)
Futures Contracts:
Crude Oil Futures
Unleaded Gasoline Futures
Heating Oil Futures

Contract Months: All Months

Rate Change:
NYMEX Division Margins on Crude Oil, Unleaded Gasoline, and Heating Oil
Futures Contracts

Effective Date:  Monday, November 6, 2000
Clearing Member (Maintenance Margin): Old: $4,000    New:  $3,000
Member Customer (Initial Margin): Old:  $4,400     New:  $3,300
Non-Member Customer (Initial Margin): Old:  $5,400   New:  $4,050

The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures
spread positions will also be decreased, from $3,500 to $2,500 (at the
Clearing Member level), as of Monday, November 6, 2000.  The net margin after
the spread will remain unchanged.

NYMEX Light Sweet Crude/IPE Brent Crude Oil Futures Spread
Effective Date:  Monday, November 6, 2000

NYMEX Light Sweet Crude:

Clearing Member (Maintenance Margin): $3,000
Member Customer (Initial Margin): $3,300
Non-Member Customer (Initial Margin): $4,050

Less: NYMEX Light Sweet/IPE Brent Crude Spread Credit:
Clearing Member (Maintenance Margin): $2,500
Member Customer (Initial Margin): $2,750
Non-Member Customer (Initial Margin): $3,375

Net Spread Margin:
Clearing Member (Maintenance Margin): $500
Member Customer (Initial Margin): $550
Non-Member Customer (Initial Margin): $675

Should you have any questions regarding these changes, please contact Arthur
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice
supersedes all previous notices regarding outright margins for the NYMEX
Crude Oil, Unleaded Gasoline, or Heating Oil Futures Contracts and the margin
credit for the NYMEX Light Sweet Crude Oil/IPE Brent Crude futures spread
positions.

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

"
http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc
=(00-377)"

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.


A few news flashes re: limitations on products:

1.  The only parties that can trade Argentina physical gas are Argentina
counterparties.  They have licensing requirements similar to US physical
power.  All existing counterparties that are not Argentinian should be shut
down for this product.
2.  Mark Taylor just found out in a meeting with the tax guys that only ENA
can only enter into credit derivates with US counterparties.


BUSINESS HIGHLIGHTS

Weather Trading
The weather desk closed a 3-year precipitation collar with payouts linked to
natural gas prices.  The transaction hedges included Asian options from the
gas market, precipitation floors from the weather market, and precipitation
insurance from the insurance market.  Eight companies were involved in the
transaction including the following Enron companies: EGM, ENA, Enron Re, and
RMT.  Along with the hedges, the end result of the transaction is cheap
3-year precipitation call options and precipitation dependent natural gas
call options for the weather desk.

Houston Pipe Line Company
On Thursday, January 11, American Electric Power (NYSE: AEP) announced that
they have executed a definitive agreement under which AEP Energy Services Gas
Holding Co., a wholly owned subsidiary of AEP, will acquire the stock of
Houston Pipe Line Co. from Enron Corp.  Included in this agreement are all of
the pipeline assets of HPL, as well as a 30-year operating lease for the
Bammel Storage Facility, the Houston Loop and the Texas City Loop.

IN THE NEWS
"Enron is, in other words, the biggest, baddest B2B e-commerce company on the
planet, and its experience belies the idea that innovation is impossible in
large organizations." -- eCompany Now, January/February 2001.

BROWN BAG

Mark your lunch calendars now for the upcoming Brown Bag featuring Gary
Taylor, manager in weather trading.  He will present an overview of the
weather risk management market.  It,s next Thursday, January 18,
11:30am-12:30pm, in 5C2. RSVP today to ext. 5-7352.

NUGGETS & NOTES

"What am I missing?!"  - Mike Bradley, Vice President/Equity Trading-EGM

"Do something!" - David Vitrella, Manager/Equity Trading-EGM

"We may not do the most EnronOnline trades, but we do the largest" - Larry
Gagliardi, Director/Oil Products-EGM

&We have completed an efficient and successful transition from Energy
Outsourcing to Steel.  Of course, as my dad used to say, +talk's cheap, takes
money to buy whiskey., In 2001, we'll let our P&L performance do the bulk of
the talking.8 - Tim Battaglia, Vice President/Steel Origination - EIM

Congratulations to William Stuart, manager in currency trading and Charla
Stuart, manager in community relations.  They are the proud parents of Aaron
Myles Stuart, who was born January 9 and weighed 7.11 lbs.

Sean Keenan, associate in EIM, and wife, Katherine, are the proud parents of
William Patrick, who was born January 1 and weighed 6.4 lbs.

Carlos Ruiz, associate in EIM, and wife, Maria, are excited to announce the
arrival of their new baby boy.  Cristobal Ruiz was born on January 8 and
weighed 7 lbs.

WELCOME

New Hires
ENA - Thomas Barkley, Rakesh Bharati, Delmar Davis, Andrew Edison, Brendan
Fitzsimmons, Patricia Goode, Michelle Huber, Ken Lewchuk, Wykena Lipscomb,
Albert Meyers, Stacie Mouton, Victor Munoz, Wichai Narongwanich, Christopher
Ordway, Brent Johnston, Michael Law, Michelle Wells, Peter Piorecki,
EIM ) Jill Lafave

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


Jim. Hope we can get together in Houston next week  to exchange notes.

Charles maybe we can have an extended meting Tuesday to get everyone up to speed.

 At the NERC meeting today the Independent Board of Trustees asserted their independence by agreeing to the inputs of the stakeholders members and passing resolutions directing NERC   to be implement certain policy directives.

They (the Board) clearly see that FERC would have overall approval of regulatory commercial standards and practices. They know that NERC has to "compete" for a role in a future model for the industry.. and would like to organization to have a future.

On a parallel track, we hear that there is lots of interest in reliability legislation. We need to keep track of what is happening there.

From EPSA I heard that EEI has had members discussions about what to support in the future.

The EEI observer told the audience that NERC has a very short time to put a credible proposal on the table or they will be left behind.

Jose

From:	James D Steffes/ENRON@enronXgate on 10/16/2001 08:27 AM
To:	Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Charles Yeung/ENRON@enronXgate, John Shelk/ENRON@enronXgate, Sarah Novosel/ENRON@enronXgate, Andy Rodriquez/ENRON@enronXgate
cc:

Subject:	RE: Stakeholder Committee Notes

Jose & Charles --

Thanks for the update.  I am concerned that "customers" are talking about having NERC deal with commercial matters without first agreeing to FERC's control over everything?

We should discuss the Goulding Report when you return.

Jim

 -----Original Message-----
From: 	Bestard, Jose
Sent:	Tuesday, October 16, 2001 2:28 AM
To:	Yeung, Charles
Cc:	mbennett@epsa.org; mfgildea@duke-energy.com; Steffes, James D.; Ingersoll, Richard
Subject:	Re: Stakeholder Committee Notes

To add to Charles memo..

1) The Trustees were all present to listen the debate at the stakeholders committee. That was very positive.

2) The agenda order was changed to allow ample time to discuss the issues.

3) Time and time again it was stated that NERC was running out of time to make the required transition. If not alternatives would be pursued; example EISB

4) Time and time it was stated that the Goulding task force Recommendations should be taken as a package, as a necessary first step.  These include:

1. Committee Representation . The Task Force recommends that the NERC Board direct the standing committees to modify the standing committees representation and voting to reflect the Task Force's attached "Initial Sectors and Criteria Model." This Model is based on the Task Force's preference for representation by "sector," and incorporates the Task Force's general recognition that an RTO sector should be included. The Task Force recognizes that some work remains to be done to refine the definitions of each sector and the criteria for belonging, but believes that the Initial Sectors and Criteria Model is an appropriate next step and should be taken immediately. Assuming that it may take some months to put in place the details of the new Model, including the new weighted voting procedures, the Task Force recommends that two ISO/RTO representatives be added immediately to each of the existing standing committees to provide formal representation and a voting role for ISOs/RTOs until the Initial Sectors and Criteria Model has been implemented.

2. Committee Participation and Voting . The Task Force recommends open participation in each sector, subject to certain criteria and qualifications. The Task Force has evaluated the qualification criteria and voting procedures used in several Regions (ERCOT and MAAC), and has incorporated features of those procedures into the recommended participation and voting procedures. Specifically, the Task Force recommends weighted voting by and within each sector, similar to what is done in MAAC.

3. Due Process . The new Organization Standards Process, which will be presented to the Board in October, addresses most due process issues and concerns. The Task Force recommends implementing this new process immediately.

4. One-Stop Shop . The Task Force favors having a single organization for developing Reliability Standards, Market Interface Practices, and Commercial Practices. The Task Force believes that NERC has an opportunity to reinvent itself to become this organization, and should take definitive steps in that direction at its October 2001 Board and Stakeholders Committee meetings.

5. Funding . The Task Force recommends that steps be taken immediately to decouple the funding of NERC from the Regional Reliability Councils. The Funding Task Group recommendations, adopted by the Board in February 2001, should be pursued.

6. MIC Role in Standards Approval . The Task Force recommends, as an immediate step to address concerns with the current NERC Standards Approval Process, and to provide a "bridge" until the new Organization Standards process is implemented, requiring the MIC to vote on all new/proposed NERC Operating Policies and Planning Standards and report results to the Board, including consideration of any minority positions.

5) Lots of discussion about EISB and how NERC may interface with it as a possible alternative.

6) Silence on the issue of "self regulating organization" . No one advocating that position.

7) Good opportunity to speak with Trustees one-on-one at dinner.

Jose

From:	Charles Yeung/ENRON@enronXgate on 10/15/2001 06:01 PM
To:	mbennett@epsa.org@SMTP@enronXgate, mfgildea@duke-energy.com@SMTP@enronXgate
cc:	James D Steffes/ENRON@enronXgate, Richard Ingersoll/ENRON@enronXgate, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:	Stakeholder Committee Notes

Here are some bullet points of what transpired at the NERC meeting in Vancouver this Monday.

The customers met for almost 2 hours before the start of the SHC meeting.  Reps from Enron, Mirant, Dynegy, DENA, APPA and ELCON were present.

All agreed that a unified voice is needed to show strong direction from the customer side.  This may mean putting aside some internal positions.  Customers need to show support of the Goulding Task Force recommendations which offers a package deal to move NERC forward as a single standards setting organization for both reliability and commercial issues. The Goulding Task Force recommendations do fall short of asking for NERC action.

Agenda Item 5 - Scope of NERC over Commercial Issues
To ensure unity in appearance, customers agreed to maintain discussions in front of the Independents at a higher policy level.   Many details are needed to get individual entities "on board" however, such details should not impede on the ability for customers to show strong support on principles, i.e.-one-stop-shop, balance of membership, etc.  Therefore, all agreed to keep details out of the discussion, i.e.-funding, seats, charter, etc.

The actual SHC discussion was constructive, and persons articulated the need for a package deal to the room. The debate brough the expected concerns of the transmission providers to the surface.  TVA (Terry Boston) was most vocal about keeping NERC out of the commercial side.   Dominion Resources (Glenn Ross) supported the customers' position.  PJM (Phil Harris was also supportive).

Agenda Item 6 - Independence of Security Coordinators
Comments made that this is a long standing stalemate at NERC and that NERC does not have the authourity to require corporate independence. Suggestions made to perform better and more audits.  Dave Penn brought up the memo from Roy Thilly.  Need to ask the Board to bring this issue to FERC for resolution.  Good arguments made by customers on need for independence in a new competitive market structure.  FRCC (Wiley) made arguments that the NERC should not revamp policies to police the few bad apples.  Should deal directly and specifically with the problem.

A straw poll was taken of the persons in the room over recommending actions:
1) NERC should require corporate indepdence and ask FERC to address it.
2) NERC should focus in on the problem Security Coordinators and take specific actions to safeguard independent judgement (audits)

The vote was 21/24.  There were strong comments that this vote was not intended to be an industry representative vote, only to show how split the industry is over this issue.

The meeting adjourned for lunch and the Independents left after the meeting reconvened.
The SHC agreed to ask the BOT the following:

?	Establish a goal/vision to become the one stop shop for development of wholesale electric industry standards.
?	Add words that "we need to go forward from where we are.
?	Take immediate action to adopt the initial recommendations contained in new Board agenda item 22.
?	Actively solicit cooperation collaboration and support from Canadian and US government entities.
?	Facilitate - jointly with interested trade associations; federal, state and provincial regulators, and other stakeholder organizations - an open and inclusive process to achieve consensus on the definitions and attributes of the functions necessary for the development of wholesale electric industry standards and practices, an on a course of action to institute such capabilities.
?	Interface with state and provincial regulators to address retail operation issues as they affect wholesale operations.

Agenda Item 9 -Transmission Expansion
Reference to "incentive rates", and "accelerated amortization", should be removed, not a reliability policy need.
The reference to these expansion solutions are intended to be tutorial and does not assume NERC will begin to undertake rate issues.  APPA - public perception will be different.  Must remove this language.  Glen Ross will present this report to the Independents outlining the strong opinions on both sides.


Ken,  Our position has been that Wildhorse doesn't have the right to curtail
our volumes since we have a first que position.  We could draft the letter
such that we demand to send 100% of our gas to NWPL.  In the event that
Wildhorse would only accept noms. 50% (or some portion) of this gas to NWPL,
we would nominate the remainder to Questar to mitigate Wildhorse's damages.
Once they accept the nom to NWPL, they have a first que obligation to move it
there.

From a practical standpoint, if Wildhorse curtailed us to NWPL (to our
protest) after they had accepted our noms., I understand this would cause
problems.  However, if we nominate gas to Questar when Wildhorse is willing
to accept a nom to NWPL, we would potentially be waiving damages there.

	"Ken" <kckrisa@apex2000.net>
	10/23/2000 02:37 PM
	Please respond to kckrisa

		 To: <Joan.Quick@enron.com>
		 cc: "Gerald R. Nemec \(E-mail\)" <Gerald.Nemec@enron.com>
		 Subject: RE: November Nominations

Joan, Gerald:
I am wondering whether we need to send another letter as we did for the
October Nominations - to continue to show our intent to nominate 100% of gas
to NWPL.  I think this may take some more thought - as I don't want to be
given the nomination and then curtailed 50% as other producers are.

Ken

-----Original Message-----
From: Joan.Quick@enron.com [mailto:Joan.Quick@enron.com]
Sent: Monday, October 23, 2000 1:21 PM
To: Gerald.Nemec@enron.com
Cc: kckrisa@apex2000.net; Mark.Whitt@enron.com
Subject: Re: November Nominations

The noms can only be done via the internet if we have a Wildhorse/NWPL
transport contract number.  And as far as I know, they still will not give
us one.  So, we can either : 1) obtain the Wildhorse/NWPL transport
contract number from Tom Brown and nom via the internet to NWPL; 2) if not,
nom via internet into Questar and fax letter; or 3) fax nom to Questar,
along with letter.

Mark - what do you think our chances of getting a Wildhorse/NWPL transport
contract number are?

joan

To:   <kckrisa@apex2000.net>
cc:   Joan Quick/HOU/ECT@ECT, Mark Whitt/NA/Enron@Enron
Subject:  Re: November Nominations  (Document link: Joan Quick)

We should again nominate to NWPL .  In our nomination we can state that if
Wildhorse again wrongfully rejects our nom to NWPL, we then nominate to
Questar solely to mitigate damages.  I can draft the appropriate letter.

Joan or Ken,

Will the nominations be done via the web site?  Do we have the information
to nominate to NWPL via the website?

                    "Ken"
                    <kckrisa@apex       To:
                    2000.net>           cc:
                                        Subject:
                    10/23/2000
                    08:57 AM
                    Please
                    respond to
                    kckrisa

Joan, Gerald;

What is the game plan for November nominations?  Do we want to go through
the same deal as before and nominate on NWPL, get rejected, and renominate
on Questar?  Or, do we want to nominate on Questar and include a statement
that we are nominating on Questar only because of last month's ordeal?

Tom Brown and Wildhorse are supposed to close today - if they didn't get
their late last Friday.

Ken Krisa


Congratulations!  You've helped make Enron one of America's elite
corporations.  We had a stunning performance in 2000, and, as a result, Enron
now ranks No. 7 on the Fortune 500, up from No. 18 last year.

The Fortune ranking is based on revenues of the nation's largest companies.
Last year, propelled by an enormous increase in volumes on EnronOnline, we
topped the $100 billion mark.  We expect to continue growing and climbing on
the Fortune 500 list.  This amazing growth is part of the reason we have
developed a new vision for Enron: to become The World,s Leading Company.
With your continued dedication and creative performance, we can realize
another year of stellar performance and will surely achieve this latest and
most compelling vision.

The Fortune 500 issue will be on newsstands April 16, however, you can read
about it now at www.fortune.com.


<http://isc.dev.corp.enron.com/surveyVPN/images/index_r1_c1_r1_c1.gif>
Now that you have access to the following applications without requiring VPN access...

Outlook Web Access (email and calendar)

PEP

XMS (Expense Reporting application)

And, COMING SOON...
eHROnline (year-end)
Benefits Election (Oct. 29, 2001)
Electronic Pay Stubs (year-end), and
Much More,

through the ClickAtHome Portal and the Internet, do you still believe you need remote access through VPN from home to Enron networks (must have a valid business reason with supervisor approval and a monthly cost)?

 YES NO NOT SURE
Please answer this survey from your computer at work, not via Outlook Web Access.


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/16/2001
12:20 PM ---------------------------

PULHAMUS@aol.com on 04/12/2001 02:42:04 PM
To: robert_campbell@mindspring.com, MJJNSN@aol.com,
matthew.lenhart@enron.com, tlenhart@corealty.com
cc: b2nusbaum@qwest.net, Mbp1832@aol.com

Subject: Fwd: A Blonde Joke !!

Content-Transfer-Encoding:  7bit
Return-path: <EGOngert@aol.com>
From: EGOngert@aol.com
Full-name: EGOngert
Message-ID: <d1.4d9e15d.28020dc4@aol.com>
Date: Sun, 8 Apr 2001 14:53:56 EDT
Subject: A Blonde Joke !!
To: PULHAMUS@aol.com
MIME-Version: 1.0
Content-Type:  text/plain; charset="US-ASCII"
X-Mailer: AOL 5.0 for Windows sub 127

A blind guy on a bar stool shouts to the bartender, "Hey! Wanna hear a
blonde joke?" The bar immediately becomes absolutely quiet. In a hushed voice,
the guy next to him says, "Before you tell that joke, you should know
something."
"The bartender is blond, the bouncer is blond, and I'm a 6' tall, 200 pound
blond with a black belt in karate.  What's more, the guy sitting next to me
is 6'2," weighs 225 pounds, and he's a blond weight lifter." He continues,
"The fella to your right is blond, 6'5" and pushing 300 pounds, and he's a
wrestler. Think about it seriously, Mister. You still wanna tell that
joke?"  The blind guy says, "Nah! Not if I'm gonna have to explain it five
times.

******************************************************************************

********************


Go Blazers!
---------------------- Forwarded by Kate Symes/PDX/ECT on 04/16/2001 10:15 AM
---------------------------

Ryan Langan <ryan.langan@ripcity.com> on 04/16/2001 10:07:44 AM
To: "'kate.symes@enron.com'" <kate.symes@enron.com>
cc:

Subject: Blazers / Lakers Playoffs

> We are 99% sure we will be playing the Lakers in the first round of the
> playoffs.  Once this is announced, tickets will sell out fast!  Call me
> ASAP to reserve your seats.  The game will likely take place between April
> 25th - 27th.
>
>
> The NBA Playoffs Are Almost Here... Purchase Your Tickets In Advance Now!
>
>
>
> Blue Section (lower level endzone)  - $76.00
>
> Purple section (upper level center) - $24.00
>
> Tan section (upper level behind basket) - $11.00
>
>
>  *BONUS* - In addition to bypassing the TicketMaster service fees, each
> ticket comes with worth of $3.00 Blazer Bucks (good for food, beverages
> and merchandise in the Rose Garden).
>
>
>  To see a map with the colored sections go to http://www.blazers.com and
>  click on arena and tickets...
>
>
>  For tickets please call Ryan Langan
> @ 503-797-9936 or e-mail me at: ryan.langan@ripcity.com
>
>


patty sullivan gets the numbers each day.  i think her report is out on the
web each day.  check with her and you can get the numbers each day.


FYI!

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/27/2000
01:36 PM ---------------------------

Leandro Ibasco@ENRON
01/27/2000 01:07 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Please distribute this message to the entire Research Group

Shirley,

Kindly forward to the entire Research Group.

Hi,

Vince has requested me to inform you that Foreign Language Lessons are
available.
Among the languages offered are Spanish, Portugese, French, German, Mandarin,
and Japanese.
Other languages are possible.   The lessons can be done in a small class or
through a private tutor.
The schedule is quite flexible with the latest class being at 5:00 to 6:30
p.m.

To arrange classes, please contact Meilli Sanford at (713) 464-8474.  They
would need an e-mail
approval from Vince to enroll.

If you have any questions, please feel free to contact me.

Regards,

Roy


Here's what's hot, what's not:

Virginia Power - don't know how hot it is.  We should know more on Monday.

Chicago - just finished commenting on the Hub Agency agreement.  I would like
to visit there next week. As you know, the Manlove monetization is still on
the list.  Laura sent me her comments to the LOI yesterday - relatively mild,
so the LOI should be going to Peoples in the near future.  You have the list
that Gregg prepared on commercial/legal to do's, and he and I will work on
those things next week.

LM stuff.  General consulting business; form 97-10 EPC for affiliate, form GE
contract (drafted by AK) on the list.

ESA/ENA turbine sale.  Sent Ben a draft MOU.  Not a time hog.

Miscellaneous development stuff - land options, etc, for Fred and Rusty.  Not
very time consuming.

Opps, I'm late for a meeting!  I can give you whatever details you need.  All
things considered, I'm in pretty good shape.

Kay


Please find attached the following article/s:
'Hard times put green business to the test' - Financial Times

Kind Regards,
Kuldeep Chana


Have you guys met/discussed this with Michele?  Please get me up to speed.
Thanks DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/24/2000
09:54 AM ---------------------------
   Michele Winckowski                08/17/2000 01:39 PM

To: Drew Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@Enron, Maria
Pavlou/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@Enron, Glen
Hass/ET&S/Enron@Enron
cc: Keith Petersen/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON

Subject: Re: Caithness Big Sandy, LLC. Project

As you are aware, Transwestern is working with a shipper to potentially
provide service to a new power plant located approximately 40 miles off the
mainline in Arizona.  Although, the final negotiation are not complete
certain options are being evaluated, I need some assistance in interpreting
the regulations regarding the authority we should use for approval of this
project.

The facilities that would be constructed include a delivery point and
approximately 40 miles of pipe.  As these facilities are non-mainline, it may
be possible to construct the proposed facilities under the prior notice
provisions of TW's blanket certificate, provided the project satisfies the
blanket criteria (generally costs and environmental).

With this in mind, I have the following issues and questions:

Preliminarily, marketing is thinking that we may want to develop an
incremental rate  to recover the cost of the project.

Would a new incremental rate for this service impact our ability to file for
approval under the prior notice provisions?  Note: Generally, Subpart F of
Part 157 (blanket regulations) does not address service issues as
transportation service is provided under Part 284 of the Commission's
regulations.  However, the regulations (o157.204)  set forth Who may apply
for a blanket certificate.   The criteria includes, among other things, any
interstate pipeline that has rates accepted by the Commission.  Therefore,
would an incremental rate have to be approved by the Commission before the
proposed facilities would be blanket eligible?

Can a new incremental rate be established through a limit-section 4 rate
filing or is a case-specific certificate required?

As the facilities will not include any mainline expansion - Is an open season
required for the project?  My opinion is "NO".  Do you agree?

Your thoughts and assistance in this matter would be greatly appreciated.
Thanks MW


Can you please review the following systems presented in this spreadsheet for
your group and let us know if you in fact use all these systems.  The West
Gas includes West Gas Trading, West Gas Originations, and the Denver piece
combined.  Also, we need for you to give us the breakout for the applicable
groups.  Please let me know if you have any questions.

Tiffany Miller
5-8485


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 05/31/2000
08:54 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 05/31/2000 08:46:57 AM
To: <Ami.Chokshi@enron.com>, <Christina.Sanchez@enron.com>
cc:

Subject: Revised June Avails. - GB 128 (Sea Robin P/L)

I forgot to include the Garden Banks 128 on the Sea Robin PVR revisions.

Steve

 - EnronAvails0600revised4.xls
---------------------- Forwarded by Ami Chokshi/Corp/Enron on 05/31/2000
08:54 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 05/31/2000 08:58:12 AM
To: <Ami.Chokshi@enron.com>, <clarissa.garcia@enron.com>
cc:

Subject: EI 316 Revision Effective 6/01/00 (Tennessee Gas P/L)

Please see the attached change to be effective 6/01/2000.

Ami - all of this gas will be priced at excess pricing.

Steve

 - EI316reveff060100.xls


FYI.  We have this report?


The attachment can be opened in the VIEW FORMAT.
----- Forwarded by Bernadette Hawkins/Corp/Enron on 01/17/2001 09:34 AM -----

	Donna Fulton
	01/17/2001 09:14 AM

		 To: Joe Hartsoe/Corp/Enron@ENRON
		 cc: Bernadette Hawkins/Corp/Enron@ENRON
		 Subject:


Please add awais & sally to distribution
---------------------- Forwarded by Bob Shults/HOU/ECT on 01/27/2000 12:32 PM
---------------------------

Carrie Southard
01/27/2000 09:54 AM
To: Amita Gosalia/LON/ECT@ECT, Angela Connelly/LON/ECT@ECT
cc: Torrey Moorer/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Jennifer deBoisblanc
Denny/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT
Subject: EOL Report 1-26

Hi Amita and Angela,

Today went very smoothly. We had one glitch in that UK Power jumped the gun
and changed their columns in today's report.  We were able to spot it and fix
it.  Getting the heads up from Lara was greatly appreciated!  Please continue
to communicate changes you know about to us because it is a tremendous help!

Thank you for your help.  Hope you have a great afternoon!

Carrie


Greetings:

We will hold our weekly PR call on Monday November 27, 2000 at 10:00 a.m.
PST.

?

The Call in number is:
1-877-475-9234

?

The Participant Code is:

111756

?

We will discuss:

?

Tuesday,s Press Conference

o?????? Participants

o?????? Materials

o?????? Message

?

McNally Temple Update

California Journal Ads
Op eds
Distribution Materials

?

Edson/Modisette Report

?

Responses to FERC filings

?

Plan for response to the Governors filing on December 1, 2000

?

CEC Report

?

Other Issues

?

Thanks,

Katie Kaplan

Manager of State Policy Affairs

Independent Energy Producers Association

(916) 448-9499

?


This should be the final (or at least almost final) version.  The amounts are
correct.


- 12_31_01ON.xls


Confidential Settlement Document Under CPUC Rule 51

PARTIES:

This is a reminder that PG&E is hosting the next workshop regarding "Gas
Accord II" issues, at PG&E headquarters, Room 300, 77 Beale Street, San
Francisco, this Wednedsay and Thursday, October 11-12.  We plan to start at
9:30 a.m. and end around 3:30 p.m., on both days.  PG&E will provide lunch
on both days.

Attached is our proposed agenda for this workshop, which will address market
issues and cost-of-service and rate issues related to PG&E's California Gas
Transmission system.  In addition, we are pleased to note that
representatives of the California Energy Commission will make a presentation
regarding their forecast of future electric generation demand.

We also will use some time at this week's workshop to inform the
participants about new issues various parties have identified since the
first workshop on September 14.

PLEASE RSVP IF YOU PLAN TO ATTEND THIS WEEK'S WORKSHOP, so that we can get
an accurate head-count for the lunches we will order.  Please RSVP to:
Darcy Morrison, e-mail D2Mr@pge.com, or telephone at (415) 973-6644.

We look forward to this week's workshop, which we think you will find very
informative.

Best regards,

Frank Lindh    Ray Williams
Attorney    Director
415-973-2776   415-973-3634
frl3@pge.com   rdw0@pge.com

 <<Agenda 10-11&12-00 Workshop.doc>>

 - Agenda 10-11&12-00 Workshop.doc


Hey Mitch,

Just got your e-mail address.  Read Below.

-Eric

 -----Original Message-----
From: 	Bass, Eric
Sent:	Thursday, January 31, 2002 4:22 PM
To:	Bass, Eric; Baumbach, David; Jeganathan, Lenine; Olsen, Michael; Lenhart, Matthew; Blanchard, Timothy; Winfree, O'Neal D.; Ryder, Patrick; Love, Phillip M.; 'mballases@hotmail.com'; 'Kevin Boone (E-mail)'; 'Val Generes (E-mail)'
Cc:	Husser, Shanna
Subject:	RE: Super Bowl Party - 2/3/02

Ok, here is the deal.  The party will be at my place on Sunday.  My apartment is located at 4848 Pin Oak Park #1503 the zip is 77081 if you want to look up the location on maps.yahoo.com.  Basic directions from downtown are:
take 59S and exit Newcastle.  Take left on Newcastle. Follow across Westpark to Pin Oak.  Take right on Pin Oak (this is the first stop sign past Westpark).  Follow Pin Oak approx 2 blocks to Pin Oak PARK (not GREEN) and make a right into complex.  Apt #1503
my home # is 713-661-2601; cell is 713-628-3104

I will see you then.

Tim - please forward to Mitch
 -----Original Message-----
From: 	Bass, Eric
Sent:	Monday, January 28, 2002 9:45 AM
To:	Baumbach, David; Jeganathan, Lenine; Olsen, Michael; Lenhart, Matthew; Blanchard, Timothy; Winfree, O'Neal D.; Ryder, Patrick; Love, Phillip M.; 'mballases@hotmail.com'; Kevin Boone (E-mail); Val Generes (E-mail)
Cc:	Husser, Shanna
Subject:	Super Bowl Party - 2/3/02

I was thinking of having a get together at my place but I wanted to gauge interest first.  Let me know if you are interested.  I will send out another e-mail if I get enough responses.

-Eric


Dan:  Neither credit nor legal has ever received info about the "Cayman branch" (if it is a branch) so we have never assessed that entity in full.  Treasa and Raj were trying to avoid use of that entity and trying to stick with CSFBI.  Sara

 -----Original Message-----
From: 	Rohauer, Tanya
Sent:	Wednesday, September 19, 2001 12:20 PM
To:	Shackleton, Sara; Jamadagni, Rajaram; Bruce, Robert
Cc:	Kirby, Treasa
Subject:	RE: Oil Prepay Rollover

As I do not have any details of this deal, I cannot comment on the need for a carve out of margining rights. The only issue that I have been aware of is the Cayman branch possibility.  My comment on that to bothe Raj and Teresa was that if it is in fact a different legal entity (as determined by legal) then I will need financial information to make an assessment of this entity.  If it is a branch and part of CSFB International, which is sometimes the case with financial institutions, we would have recourse to CSFB International and it would be confirmed under the existing document.

Regards,
Tanya

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Wednesday, September 19, 2001 9:48 AM
To:	Jamadagni, Rajaram; Bruce, Robert; Rohauer, Tanya
Cc:	Kirby, Treasa
Subject:	RE: Oil Prepay Rollover

Raj:  CAVEAT:  I never heard back from Tanya about whether the CSFB confirmation would have a carve-out for margining pursuant to the master agreement.  Bob was going to send me the format he drafted for  the prior CSFB deal but which was never executed so that I could incorporate that language.  Tanya may agree to allow this trade to margin under the agreement just like the confirm which terminated 9/12/01.

Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490

 -----Original Message-----
From: 	Jamadagni, Rajaram
Sent:	Wednesday, September 19, 2001 9:23 AM
To:	Bruce, Robert; Shackleton, Sara
Cc:	Kirby, Treasa
Subject:	Oil Prepay Rollover

Sara/ Bob,

Further to my discussions with Sara yesterday evening, and in the absence of any email from both of you to the contrary, I conclude that the confirms as they stand now should be OK from a legal perspective, subject to the credit approval of the entities. As I mentioned yesterday, Treasa's contact at CSFB here is trying to retain CSFB International as the counter-party as was the case for the 2000 transaction earlier.

Thanks very much for your help.

Regards

Rajaram Jamadagni


Phillip,

Courtney needs me to watch the boys on Thursday in order to get organized
before we leave for Italy.  I can be reached on my cell phone 713-408-6256.
Please have Anne update the newcurrentday sheet in order to manage my
position.  Please call me with any pertinent market information.  I will see
you Friday.  Thanks for the help.

Thanks,
Mike


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
05:01 PM ---------------------------

Pinnamaneni Krishnarao
02/22/2000 01:10 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: News article on Enron

  India: Enron aftermath

   Business Line - 02/21/2000

   Abhay Mehta

   Copyright (C) 2000 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

   Power Play

   A Study of the Enron Project

   * Publishers: Orient Longman, New Delhi * Price: Rs. 195

   THE Enron power project at Dabhol in Ratnagiri district of Maharashtra has
been mired in nationwide controversy ever since the
   inception of the project proposal in 1992; and the sordid tale ends only
in 1997, with the Supreme Court of India refusing to even
   admit an appeal against the Bombay High Court decision, of December 1996,
which while commenting that "This case has
   highlighted to the people as to how even after 50 years of Independence,
political considerations outweigh the public interest and
   the interest of the State and to what extent the Government can go to
justify its actions not only before the public but even before
   the courts of law" - yet dismissed a public interest petition against the
project on the (purely technical) ground of res judicata, even
   though new facts, new arguments, new evidence of the violation of the laws
of the land had been advanced by the petitioners.

   The fact that the fresh violations of the law were not even considered and
recorded, despite the petitioners adducing the required
   evidence, can only be termed as strange, perhaps bizarre.

   Abhay Mehta's simple, factual documentation - in fact a chronological
narration - of all events, including the process of bending all
   rules, of subverting the law for promoting a project involving
unparalleled future liabilities for Maharashtra, indeed for the whole of
   India - is not only masterly, it is devastating.

   It is a short, pithy book which deserves to be read from cover to cover by
all thinking citizens of this country. Barring the
   concluding chapter, the epilogue, there are no personal comments, only
facts, disseminated from the original papers, mostly 'secret'
   documents.

   All documentation has been carefully, faithfully recorded, including
extracts from supposedly 'top secret' minutes of cabinet
   committee meetings; and the specific violations of the law (which were
opposed by a few public spirited civil servants, much to
   their disadvantage) have been pointed up. Apart from an introductory
'Primer on Electricity' - introduced for the benefit of the
   layman, explaining some technical issues relating to electricity
generation, transmission and distribution - and the background of the
   events of 1991, the foreign exchange crisis, and the aftermath of the
crisis, the other fifteen chapters, three appendices and fourteen
   annexes of the small book (of 226 pages) packs in an enormous volume of
factual information. The strange saga of the Enron
   project, and the sheer magnitude of the future problems this one single
project poses for the country, need to be briefly recounted
   here, for essentially, it is the coming generation which would have to
face the problem.

   The MSEB has contracted to buy - and if not used, to pay for - 2000 MW of
electricity (for a period of 20 years) from the
   Dabhol Power Company (the legal entity set up by Enron, as an unlimited
liability company registered in India, through a maze of
   intricate crossholdings of equity by half a dozen or more 'front'
companies registered in various tax-free havens.

   Abhay Mehta has indicated the total payments to Enron over 20 years amount
to $ 35 billion (at 1998 exchange rates, around Rs.
   1,25,000 crores) over the life of the project. One must record that: (a)
crude oil/oil product prices have as of writing, more than
   doubled since the above calculations were made. A per the 'doctored'
figures presented by the company (and its advocate), the
   charge per unit of electricity supplied, at the 1998 level of prices, was
to 4.39 cent (per unit) as 'capacity charge' and 3.43 cents
   (per unit) for 'energy costs'.

   The former is indexed to the US inflation rate, and the latter to
international fuel prices. The former may be assumed to have gone
   up only marginally (rounded to 4.4 cents per unit); we know that fuel
prices have more than doubled internationally over 1999.
   Assuming the 'fuel costs' to have increased less than 100 per cent - even
though international prices have more than doubled - we
   may assume (for 1999) energy costs of 6.85 cents per units, making for a
total payment of 11.25 US cents per unit of electricity
   supplied by the Dabhol Power Company (DPC) to MSEB in late 1999, in Phase
I of the project.

   Within another two years, at 2000 MW, the annual offtake (for 365 days X
24 hours/day) would be 17.52 billion KWH; and at
   11.25 cents per unit, the total payment amounts to $1.97 billion annually;
for 20 years, this workout to $ 39.4 billion.

   This is not counting any further inflation in either energy costs or
capacity charge. At today's exchange rate - about Rs.43.5 per US
   dollar - in rupee terms this works out to wore than Rs. 175,000 crores (as
compared to Rs. 125,000 crores indicated by Abhay
   Mehta). This is the cost to MSEB in rupee; and to the country in foreign
exchange as payment to just one project authority, for
   supply of part of the power required in Maharashtra.

   The really significant point to note in this connection is that this
payment - and considerably more, depending on (a) future increase
   in'capacity charges' depending on US inflation rate, and international
prices of LNGaphtha (for 'fuel costs'), and (b) depreciation of
   the exchange rate of the rupee vis-a-vis the US dollar - is obligatory;
the assets of the MSEB, the Maharashtra government
   indeed, all assets of the Government of India (present and future) are
mortgaged to Enron, by way of sovereign guarantees
   extended by both governments.

   The other significant point in this connection is that - as predicted by
all independent Indian experts as well as the World Bank -the
   Enron project he forced the MSEB to cut its offtake of Tata Electric
Company's and its own much cheaper thermal power
   already; in a postscript dated August 1999, Abhay Mehta has indicated that
already, the MSEB had stopped buying between 200
   and 250 MW of power from Tata Electric (available at Rs. 1.80 per unit)
and has had to backdown its own Chandrapur thermal
   power station (cost of this power being Rs. 1.20 per unit), while forced
to buy more expensive Enron power at Rs. 5 per unit.

   The loss to MSEB on this count alone comes to Rs. 460 crore per year.

   This had in fact, been predicted earlier even by the World Bank.

   It is pointless here to go into the details of how precisely all this was
contrived, by a deliberate campaign of 'disinformation', of
   blatant lies, of sidelining of expert opinion, not only of independent
experts but also the GOI's own official advisers in this matter,
   namely, the Central Electricity Authority as well as that of the World
Bank, which was resolutely opposed to this project. The
   detailed facts, the letters exchanged in the above context, the pressure
tactics adopted, the flouting of all procedures norms, even
   statutory provisions of the Electricity (Supply) Act, are all carefully
documented by Abhay Mehta.

   Mehta correctly concludes: "We frequently blame external agencies - like
the World Bank - for all our problems, when, as a
   matter of fact, we ourselves are our own worst enemies. In the instant
case, the World Bank not only advised the Government of
   India against the project, it stood resolutely firm in its assessment of
the total inadvisability of this project. In fact, one must note
   here that in 1996, neighbouring Pakistan, which had entered into a
somewhat similar MoU with Enron, cancelled the project (and
   the Power Purchase Agreement with Enron), for a $ 670 million, 782 MW
residual oil-fuelled power plant, even though that
   Agreement had stipulated Enron power supply at a fixed rate of 6.4 US
cents per KWH over a 30 year period. (Note the
   estimated rate of 11.25 cents per KWH for Dabhol power for the MSEB in
December 1999, which works out to around Rs. 5
   per unit).

   One could go on; but one must leave the reader to go through Abhay Mehta's
crisp, factual, matter of fact narration of the Enron
   saga, and switch over to the point made by him in the epilogue to the
story, about 'The Next Round of Scams'.

   For quite some time, the ruling elite in India has been intent on
'privatising' all public enterprises; and even 'utilities' are no
   exception. The 'unbundling' of infrastructure with a view to privatisation
of all the 'profitable' segments. All this - as per the current
   'disinformation campaign' - is supposedly in the interest of
rationalisation and greater efficiency of poorer supply.

   The author has referred in this context to the acquisition from the
Government - by the Torrent Group - of the Ahmedabad and
   Surat Electricity companies at less than one-tenth of the market value of
the assets of thee facilities. Again, much like the Enron
   saga, all objections by the Finance Department of the Gujarat government
were overruled.

   And, Abhay Mehta has predicated that this onslaught - the break-up of
power utilities into three segments, generation, transmission
   and distribution, - with a view to their privatisation is likely to be the
new thrust by the ruling elite, for reasons that do not require to
   be spelt out.

   Though Mehta had the examples of the Torrent Group takeover of Ahmedabad
and Surat Electricity companies, and of the break
   up of the Orissa State Electricity Board before him, yet his statement can
be stated today to be prophetic; the UPSEB is now on
   the firing line. The recent strike by the workers and engineers of the
UPSEB in protest of the announced UP government decision
   to trifurcate the UPSEB; and the Union Minister of Power, Mr. Rangarajan
Kumaramangalam's statement that the UPSEB is a
   loss making, inefficient unit and that privatisation of the facilities
after the trifurcation - need to be noted.

   That 40 per cent of the dues of the UPSEB are from the UP Government; that
tariffs for UP electricity supply are fixed by the UP
   government and not by the UPSEB; that the UPSEB does not have the cash
even for routine maintenance as a result of the above
   - these are facts that nobody is prepared even to consider. That the
remedy for UPSEB lies in a different kind of reform and
   restructuring, is not even to be debated. The whole idea is to privatise
the profitable segments, and to leave the public sector entity
   with all the problem areas, including rural energy supply. It is against
this background that Abhay Mehta's book needs to be widely
   disseminated, read, and its implications understood.

   What is at stake is not a 'utility' here or a PSU there. What is at stake
is the future of some 80 per cent of the have-nots in this
   country.

   What is at stake is the 'pillory' of the assets of the nation for private
aggrandisement.

   Arun Ghosh


Here are new questions from Aquila regarding the Wheatland plant.  If you can
help answer some of these questions, we would greatly appreciate it.
Ben


Shack,

try Hutch @:     HUTCHATHOH@AOL.COM

...and JD @ JOWEN9653@AOL.COM

BEEK

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I've taken an additional whack. The document still needs some help
(simplification?) relative to the payment mechanics on exercise of the put or
call option. Let's talk tomorrow.

Regards,

Ben


I am not sure of what involvement will be needed by Canadian counsel, but I
have spoken to Robert Anderson at Blakes, who acted for us on Blue Range.
Robert can be reached at 403.260.9624.  Who is US counsel and is it
worthwhile to put Robert in touch?  Peter.


Steve,
 I made the same change to both Oneok and PG&E regarding payment following
the service month.  Is this correct.  Please check each document and if okay,
please forward to the counterparty for their execution and return.


Sharon, Elena


Michael,

I will add these counterparties to the Demand Log -- as they may eventually become a defaulting party down the line.

Susan
 -----Original Message-----
From: 	Bridges, Michael
Sent:	Friday, March 08, 2002 11:31 AM
To:	Bailey, Susan
Cc:	Dicarlo, Louis
Subject:	RE: Default Demand Log

Thanks for sending me the demand letter log.  Going through it, I found three companies that are on our live list, however, not in your demand letter log.  The three are live and performing so no demand letter is necessary (thought you might want to add them).

Belco Oil & Gas
DTE Energy Trading
Texland Limited Partnerships

Mike Bridges

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Thursday, March 07, 2002 11:16 AM
To:	Bridges, Michael; Dicarlo, Louis; Garza, Maria; Hall, Bob M.; Miroballi, Angelo; Shackleton, Sara
Subject:	Default Demand Log

All,

Attached is the latest version updated with comments & responses received as of this morning -- March 7th.

 << File: demand letter log.xls >>

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


fyi
---------------------- Forwarded by Stephanie Miller/Corp/Enron on 12/21/2000
10:51 AM ---------------------------

Julie A Gomez@ECT
12/20/2000 05:16 PM
To: Stephanie Miller/Corp/Enron@ENRON, Jared Kaiser/HOU/ECT@ECT, David
Fairley/HOU/ECT@ECT
cc:

Subject: Re: Florida Plant Status

Here's the latest.  David is reviewing this..

Julie  :-)

Stephanie Miller@ENRON
12/20/2000 03:12 PM
To: Julie A Gomez/HOU/ECT@ECT
cc:
Subject: Florida Plant Status

Can you send the FRCC information to Jared, copy to me?
---------------------- Forwarded by Stephanie Miller/Corp/Enron on 12/20/2000
03:02 PM ---------------------------

	From:  Jared Kaiser @ ECT                           12/20/2000 02:56 PM

To: Stephanie Miller/Corp/Enron@ENRON
cc:

Subject: Florida Plant Status

Stephanie,

Could you possibly provide an updated sheet showing the status of plants
expected in Florida?  Looking for any changes.

Thanks,

Jared
35823


FYI, the ESC Voting and Bylaws task force I have been working on is planning to attend.  I think they are also going to try to bring up their work as an example if they are given the chance to speak.  Attached is the latest bylaws I have been working on with them.

Mark Scheel and I managed to convince everyone a six-sector voting model was more appropriate:

Generation Merchants
Marketers
Load Serving Entities and TDUs
End-Use Customers
Transmission Providers
RTOs, ISOs, and RROs

This will hopefully provide a better balance than the 9-sector model proposed by NERC.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771

 -----Original Message-----
From: 	Bestard, Jose
Sent:	Wednesday, November 21, 2001 9:55 AM
To:	Yeung, Charles; Steffes, James; Bestard, Jose; Rodriquez, Andy; Novosel, Sarah; Nicolay, Christi
Subject:	RE: DOE Meeting Dec 7th

I am planning to attend this meeting and maintain the dialog with the organizations- EPSA, NERC, EISB,

Jose

 -----Original Message-----
From: 	Yeung, Charles
Sent:	Tuesday, November 20, 2001 8:38 PM
To:	Steffes, James; Bestard, Jose; Rodriquez, Andy; Novosel, Sarah; Nicolay, Christi
Subject:	DOE Meeting Dec 7th

Before I took on the ERCOT responsibilities, I was working with other EPSA members in preparation for the upcoming DOE sponsored forum to develop a wholesale electric standards setting organanization.

Since my move, it is likely that I will not be attending this workshop.  I have been an instrumental part in pushing for the formation of the wholesale electric quadrant of EISB.  Although I have not committed to making a presentation at this workshop, there was a possibility that I would be speaking on behalf of EPSA.  The meeting is a critical juncture for the EISB vs NERC showdown.   NERC will likely present its latest restructuring proposal which includes a 9 sector model.  I and other EPSA members have been advocating much fewer sectors for EISB.  A key point of the NERC proposal is that it may be able to accomodate an EISB approval process for standards.  This is imporatant in that it may be able to resolve the dichotomy between NERC expertise/infrastructure and EISB's reknowned (including FERC) consensus building process.  NERC could retain its standards development expertise, however, lose its biased voting process.

I think it is important to have coverage for this meeting, either, by someone on the NERC team or someone close to NERC in Washington.  The likely outcome of this meeting is a solidifying of industry support for either the NERC approach, or a clean slate EISB approach.

Jim would like for us to have a conference call to discuss.  I am available Monday, Wed, and Fri.

Charles
X30348


Enron executives enter hot seat as sham transactions alleged
 <http://www.chron.com/cs/CDA/story.hts/special/enron/1244566>

Deal paid off for Fastow proxy
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244641>

Quiet former exec back in spotlight
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244526>

Enron lawyer sounded alarm over mushy partnership deals
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244523>

Lays selling houses, land worth millions
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244514>

Letter links Lay to federal energy regulator
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244510>

Congress is warned of investor illiteracy
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244503>

Cornyn supports revisions in 401(k)s
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244493>

YMCA facility near Katy will keep Lay name for now
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244458>

Andersen given 20 days to send data to creditors
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244445>

Enron Boys & Girls Club gets new name
<http://www.chron.com/cs/CDA/story.hts/special/enron/1244433>

It's now a verb, as in, `Take the money Enron'
<http://www.chron.com/cs/CDA/story.hts/special/enron/1243790>