-----Original Message-----
From: 	Bestard, Jose
Sent:	Tuesday, October 16, 2001 6:50 PM
To:	Steffes, James D.
Cc:	Yeung, Charles; Shelk, John; Novosel, Sarah; Rodriquez, Andy; Shapiro, Richard
Subject:	RE: Stakeholder Committee Notes

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.


Enron Faces Calls for Big Changes in Indian Power Project --- Maharashtra
State Panel Wants Debt Moratorium And Other Concessions
The Wall Street Journal, 04/13/01

Utility owes Enron $570 million
Houston Chronicle, 04/13/01

Texas energy company owed hundreds of millions in California
Associated Press Newswires, 04/13/01

Up & down and all around, its a merry dance alright
The Economic Times, 04/13/01

Power sale: Godbole wants DPC freed
Business Standard, 04/13/01

Brief: India to renegotiate Enron power prices
Houston Chronicle, 04/13/01

Enron Owed $570 Million by Pacific Gas & Electric, Paper Says
Bloomberg, 04/12/01

International
Enron Faces Calls for Big Changes in Indian Power Project --- Maharashtra
State Panel Wants Debt Moratorium And Other Concessions
By Daniel Pearl
Staff Reporter of The Wall Street Journal

04/13/2001
The Wall Street Journal
A8
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BOMBAY, India -- A government panel called for sweeping changes in a contract
to supply power from Enron Corp.'s landmark Indian energy project to the
industrial state of Maharashtra, warning that the changes would require
"significant financial sacrifices" for the project's financial backers.
Maharashtra, which faces a cash crunch and hasn't been able to pay its bills
for electricity generation, created the panel. The recommendations, released
yesterday, are likely to serve as the state's initial bargaining position as
it seeks to reopen a power-supply contract that one Maharashtra government
reached with Enron-led Dabhol Power Co. in 1993 and another renegotiated in
1996. Enron has indicated it is willing to reopen the contract yet again.
The $3 billion project has been watched closely by U.S. officials, since
Dabhol is India's largest foreign investment to date, and the U.S.
Export-Import Bank is a major lender. Yesterday's report slams the Dabhol
contracts as based on "extremely questionable assumptions" about oil prices,
foreign-exchange rates and the state's demand for power. With a second phase
expected to bring the project to 2,184 megawatts of capacity shortly, the
report concludes, the state couldn't afford to sell power from Dabhol at the
levels needed to make the project economical, even if the state's electricity
board made years' worth of distribution reforms overnight.
The 200-page report recommends converting the project's dollar-based equity
and debt to Indian rupees, reducing Dabhol's return on equity to 16% from as
much as 39% and putting a moratorium on debt payments until the state can
afford to buy more of the plant's power. The five-member panel, which
included a top Indian banker and several energy specialists, also suggested
the project's liquefied-natural-gas facility sell gas to others. Dabhol is
the sole user of the gas, which is shipped from the Arabian Gulf, and
Maharashtra is responsible for paying for most of it no matter how much is
used.
A Dabhol spokesman said the company hasn't seen a copy of the report and
declined to comment. Dabhol has disputed the 39% figure, and denied that its
power rates are unusually high.
The power project's lenders, meanwhile, are expected to meet next week to
convey their views to Enron. One official of a lending bank said lenders are
more concerned with the power company's immediate difficulties getting paid
than with the prospects of having to renegotiate terms, though any new
contract would need to be approved unanimously.
Dabhol's lenders include the Japanese government, the Industrial Development
Bank of India, ICICI Ltd. and scores of other Indian and international banks.
Enron holds 65% of Dabhol's equity, with Bechtel Group Inc., General Electric
Co. and the state electricity board splitting the rest.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

April 13, 2001
Houston Chronicle
Utility owes Enron $570 million
California's PG&E in bankruptcy
By MICHAEL DAVIS
Copyright 2001 Houston Chronicle
Enron Corp. is owed $570 million by bankrupt utility Pacific Gas & Electric
Co., the Houston company has disclosed in a letter to the utility's
bankruptcy trustee.
Other Houston companies have said they are owed large amounts, but Enron's
disclosure was the first indication to Wall Street that the bankrupt utility
owes the Houston company such a substantial amount, said M. Carol Coale,
energy analyst with Prudential Securities in Houston.
"They told the investment community that their California receivables were
not material and that they were fully reserved against them," Coale said.
Even so, "This is not going to be received favorably."
This disclosure came as Enron became one of the companies named late
Wednesday to the creditors' committee for San Francisco-based Pacific Gas &
Electric's Chapter 11 bankruptcy. The committee represents the parties with
the largest claims in a bankruptcy case.
A letter to the trustee overseeing the case disclosing how much Enron is owed
was part of Enron's effort to secure a seat on the committee appointed by
U.S. Trustee Linda Stanley, a Justice Department official.
Mark Palmer, an Enron spokesman in Houston, declined to comment Thursday on
what Enron is owed. He said Enron has taken adequate reserves to protect its
balance sheet against any outstanding debts owed it by Pacific Gas &
Electric.
Enron's shares closed Thursday at $57.30, down $1.21 per share. The stock
markets are closed today in observance of Good Friday.
Pacific Gas & Electric filed for bankruptcy protection one week ago, listing
assets of more than $24 billion and debts of $18 billion, including more than
$9 billion in uncollected costs for power purchases. The utility's creditor
list is so long and varied that creditors are expected to form numerous
subgroups based on the types of claims they hold against the company.
The case is expected to take months, if not years, to settle. It is the
largest utility bankruptcy ever filed and the third largest business
bankruptcy in U.S. history, based on assets, behind Texaco in 1987 and
Financial Corporation of America in 1998.
Pacific Gas & Electric sells electricity and natural gas to the San Francisco
and Northern California areas. The company said it filed Chapter 11 because
negotiations with California over how to resolve the state's power crisis
were going nowhere.
Enron is scheduled to make its first-quarter earnings report on Tuesday.
Enron is expected to report 45 cents per share for the quarter, up from 40
cents per share in the first quarter of last year, according to earnings
estimates compiled by First Call/Thomson Financial in Boston.
"We are still confident that we will earn $1.70 to $1.75 per share for the
year," Palmer said.
He would not specify how much Enron has reserved to cover Pacific Gas &
Electric's debt.
The prevailing wisdom had been that Enron's exposure in California was
minimal because it does not own power plants there. Companies such as Reliant
Energy and Dynegy, which own power plants in California, have been forced to
sell power with no guarantee of payment.
Although Enron is one of the larger creditors of Pacific Gas & Electric,
others are owed substantially more.
The largest unsecured creditor is Bank of New York, with a $2.2 billion
claim.
The California Power Exchange, which once served as the marketplace for power
sales in the state's deregulated power markets, holds a claim against Pacific
Gas & Electric of $1.9 billion. The Power Exchange filed for bankruptcy prior
to Pacific Gas & Electric's filing.
Enron was dealt another setback in California earlier this week when a
federal judge ordered the company to keep supplying low-cost power to
California's state university systems after Enron tried to shift
responsibility for buying the school's power to the state's troubled
utilities.
The school systems argued that if Enron were allowed to dump them as "direct
access" customers who receive power bought and resold directly by the
company, they would lose the ability to manage their power most efficiently,
which could cost the taxpayers of California millions.
Enron said it would file an emergency appeal to the 9th U.S. Circuit Court of
Appeals in San Francisco to overturn U.S. District Judge Phyllis Hamilton's
ruling in the lawsuit brought by the California State University and
University of California systems.
Enron said it is honoring all terms of the contracts, but the company added
that it believes it has the legal right to shift the school systems back into
the hands of the utilities, a spokeswoman said.

Texas energy company owed hundreds of millions in California

04/13/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

HOUSTON (AP) - Texas-based-Enron Corp.'s executives say financially troubled
utility Pacific Gas & Electric Co. owes them $570 million, according to a
letter to the utility's bankruptcy trustee.
Enron's disclosure was the first indication to Wall Street that the West
coast utility owes the Houston company such a substantial amount, an energy
analyst said.
"They told the investment community that their California receivables were
not material and that they were fully reserved against them," M. Carol Coale,
energy analyst with Prudential Securities in Houston, told the Houston
Chronicle in Friday's editions. "This is not going to be received favorably."
Enron late Wednesday became one of the companies named to the creditors'
committee for San Francisco-based Pacific Gas & Electric's Chapter 11
bankruptcy. The committee represents the parties with the largest claims in a
bankruptcy case.
Mark Palmer, an Enron spokesman in Houston, said the company has taken
adequate reserves to protect its balance sheet against any outstanding debts
owed it by Pacific Gas & Electric.
Enron officials used the letter to the trustee overseeing the case disclosing
how much Enron is owed as part of Enron's effort to secure a seat on the
committee appointed by U.S. Trustee Linda Stanley, a Justice Department
official.
A week ago, Pacific Gas & Electric filed for bankruptcy protection. The
company listed assets of more than $24 billion and debts of $18 billion,
including more than $9 billion in uncollected costs for power purchases.
Officials of Pacific Gas & Electric, who sell electricity and natural gas to
the San Francisco and Northern California areas, say they sought Chapter 11
bankruptcy protection because negotiations with California over how to
resolve the state's power crisis were going nowhere.
The case is the largest utility bankruptcy ever filed and the third largest
business bankruptcy in U.S. history, based on assets, behind Texaco in 1987
and Financial Corporation of America in 1998, officials said.
Enron, scheduled to make its first-quarter earnings report on Tuesday, was
expected to report 45 cents per share for the quarter, up from 40 cents per
share in the first quarter of last year, according to earnings estimates
compiled by First Call/Thomson Financial in Boston.
Earlier this week, Enron was dealt another setback in California when a
federal judge ordered the company to keep supplying low-cost power to
California's state university systems after Enron tried to shift
responsibility for buying the school's power to the state's troubled
utilities.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Up & down and all around, its a merry dance alright
Girish Kuber

04/13/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

MUMBAI
IT COULD be a classic case for management students to study. In a span of
just eight years the Enron controversy has repeated itself with a reversal of
roles.
First it was the Sharad Pawar-led Congress government that went all out to
persuade the US energy major to set up shop in Maharashtra. The general
election that followed changed Pawars fortunes.
A Sena-BJP government came to power but not before painting Enron black
thanks to its Rs 64 crore expenditure on `education that had become an
election issue back then.
So the first thing that the Sena-BJP government did after assuming power was
to scrap the Enron project. Subsequently the `review committee headed by
Kirit Parikh, Professor Emeritus, IGIDR, once a bitter critic of Enron, came
up with a new look power purchase agreement. The new PPA cobbled together
phase I and II of the Dabhol Power Company.
The next election was in 1999. By this time Pawar had deserted the Congress.
The Sena-BJP alliance bit the dust at the hustings and a paralysed Congress
was forced to join hands with Sharad Pawar. All for the sake of a
power-sharing arrangement in the state.
By this time Enrons partner, the Maharashtra State Electricty Board, had
weakened further and it wanted the state government to help it pay Enrons
bills. The equally bankrupt state government was obviously unable to spare
the funds.
The situation was perfectly ripe to rake up the Enron controversy. Once
again. Whats more, it seemed politically correct too. The Vilasrao Deshmukh
government did exactly this. It installed Vinay Bansal, a no-nonsense
bureaucrat known for taking on ministers, as MSEB chairman to give the Enron
dispute some much needed credibility.
Bansal caught Enron napping when it failed to supply electricity as per the
MSEBs demand. MSEB invoked the PPA clause and slapped Rs 402 crore penalty on
the American utility. This provided the trigger for the fight which was
waiting to happen.
Meanwhile, the state governments review committee led by Madhav Godbole
submitted its report and recommended a renegotiation of the project.
Interestingly, this committee too had Parikh as a member. His inclusion had
raised many eyebrows and N D Patil, convenor of the ruling coalition in the
state criticised Parikh for his flip-flop on the project.
In the end, Parikh kept himself away from the committee. The committee has
observed that the then political leadership had shown ``great haste for
signing the current PPA.
It noted that even the cost of constructing a jetty at Dabhol has been
included in the cost of power by the DPC. The committee wants to delink
dollar-rupee equation for tariff to lower the bill.
A large chunk of the loans taken by Enron have a bigger foreign currency
component and the committee wants the Indian currency component in these
loans to be increased.
Interestingly, Enron has preferred to remain silent on the Godbole committee
report. It has already invoked the political force majeure clause, has
invoked the state and Centre guarantee and even announced its decision to go
in for arbitration.
The next twist in this longdrawn-out tale depends on Enrons reaction to the
report. However, experts feel that the Dabhol case clearly highlights some of
the major failures in past decision-making in the power sector. Firstly,
before inviting IPPs, necessary reforms like setting up of independent
regulatory bodies should have been in place.
The problem of realisation of dues from defaulting customers and poor
maintenance of transmission and distribution systems require that reform
should begin at the distribution end, so that any supplier of power has the
assurance that dues will be collected and payments effected for power sold.
There is also need to correct the imbalance in terms of base-load versus
peak-load power capacity.
The SEBs supply power to farmers and domestic users at ridiculously
subsidised prices. Moreover, many customers do not pay their bills and like
other SEBs, MSEB too is unable to initiate action to collect these dues.
The T&D losses too, which include pilferage of power, have gone up
substantially in recent years. In this situation, the more MSEB purchases
from Dabhol the more it loses through subsidies and T&D.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Power sale: Godbole wants DPC freed
Renni Abraham MUMBAI

04/13/2001
Business Standard
1
Copyright (c) Business Standard

The Madhav Godbole committee has recommended to the Maharashtra government
that the Enron-promoted Dabhol Power Company should be allowed to sell power
to entities other than the Maharashtra State Electricity Board (MSEB). It has
also recommended that the tariff should be benchmarked to the lowest cost of
supply of power from gas-based projects elsewhere, and restructured into a
two-part tariff.
"The committee recommends that the DPC tariff be re-defined using principles
contained in the government of India guidelines and the availability-based
tariff order of the Central Electricity Regulatory Commission, to convert it
into a two-part tariff but limit equity return substantially," the report
says.
Further, the committee has recommended that the equity returns for the
redefined DPC tariff be defined in rupee terms, rather than in dollar terms.
It has also suggested that the escrow agreement with DPC should be scrapped,
as the current agreement "would soon give rise to a situation where virtually
all of MSEB's revenues would be escrowed to meet DPC's payments, leaving
little for wages and fuel, let alone additional power purchase."
The report, "Energy review, Maharashtra and the DPC issue," was submitted to
the state legislature on Thursday by minister for energy Padmasinh Patil.
Business Standard obtained a copy of the 198-page report. Godbole panel
suggestions
The second part of the report will focus on the future course of action for
reforms in the state energy sector. It is to be submitted to the state
government on May 10.
The first report recommends that DPC be allowed to sell power if it
designates a certain capacity for sale outside the MSEB system and "the fixed
charges on account of MSEB are reduced in proportion to this designated
capacity." Alternatively, if DPC felt it has prospects of earning better
return if it had the contractual freedom to sell power to other parties
directly, it could do so only if it agreed to relieve MSEB of all its
contractual obligations relating to the power plant, the committee said.
The committee said that only benchmarking of the tariff against lowest gas
based power projects elsewhere would make third party sale to other states
and the power trading corporation possible. Otherwise negotiations with DPC
will prove futile, the report states.
Significantly, the committee has argued that in view of the un-sustainability
of the DPC project, the power major should forego a portion of the return on
its equity to make the project viable.In other words it wants the current
rate of return of equity of 16 per cent to be lowered.
"The maturity of the debt of DPC should be increased preferably to 15 years,
with an initial moratorium of five years. An indicative interest rate for
such debt could be 12 per cent (in rupee terms which would be around six per
cent in dollar terms). In case such maturity is not possible for foreign
loans, the foreign debt should be converted to rupee debt and restructured
accordingly. Concomitantly, the equity may be restructured into deferred
preference capital so that the impact on tariff is felt only in later years,"
the report said.
It also makes a case for separating Enron's LNG project from DPC. As a
separate facility, the gas could be marketed to other buyers of gas distinct
from power projects. "That such buyers exist is demonstrated by Enron's own
MetGas initiative and by Petronet's larger project plans. It is critical that
costs of this facility be distributed over its entire capacity and not just
over the amount sold to the power plant, as is currently the case. The
facility's capital costs should also be reflected in the fuel charge, not as
take or pay, but only in proportion to the extent of fuel re-gasified for
power generation, compared to the total re-gasificatio capacity," it noted.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

April 13, 2001, 12:53AM
Briefs: City and state

India to renegotiate Enron power prices
BOMBAY, India -- A government-appointed committee recommended renegotiating a
power supply agreement with U.S. energy giant Enron Corp. to lower prices
being charged to a western Indian state.
The panel also called for reform of a state power utility that defaulted on
payments to Enron, which is based in Houston.
State government ministers have been critical of Dabhol Power Co., Enron's
Indian subsidiary, saying the power supplied by the 2-year old plant is
"unaffordable."

Enron Owed $570 Million by Pacific Gas & Electric, Paper Says
2001-04-12 23:01 (New York)

     Houston, April 12 (Bloomberg) -- Pacific Gas & Electric Co.,
the bankrupt subsidiary of Pacific Gas & Electric Corp., owes
Enron Corp. $570 million, the Houston Chronicle reported on its
web site, citing a letter from Enron to a bankruptcy trustee.
     Enron, a Houston-based electricity and natural gas marketer,
disclosed the amount to secure a seat on the creditors' committee
for the San Francisco-based utility, the report said. The $570
million was more than Enron previously indicated it was owed, the
paper said, citing Carol Coale, a Prudential Securities analyst.
     Pacific Gas & Electric filed for bankruptcy protection last
Friday after incurring more than $9 billion in debt buying
electricity at soaring prices and selling it at capped rates.
     The Bank of New York is the utility's largest unsecured
creditor, owed $2.2 billion, the Houston Chronicle said.
     Four power generation companies asked a bankruptcy judge
yesterday to excuse them from supply contracts with the utility,
saying the agreements could push them to financial ruin.


will do.  thanks.

	Ginger Dernehl
	02/16/2001 01:38 PM

		 To: Sandra McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON
		 cc: Richard Shapiro/NA/Enron@Enron
		 Subject: Weekly California Call

Rick would like to hold a weekly call re: California every Friday from 4:00pm
- 5:00pm CST w/the above listed individuals.  The dial in number will be
1-800-283-1805 and the call will start on Friday, February 23.

Thanks and please mark your calendars accordingly.

gngr
713-853-7751


EnronOnline
Trade Counts and Volume for May 08, 2001

			EXTERNAL		INTERNAL		TOTAL
COUNTRY	COMMODITY	CATEGORY	COUNT	QTY	COUNT	QTY	COUNT	QTY	UNIT OF MEASURE
Austria	Power	Physical	            18 	                18,185 	          -   	                        -   	            18 	                18,185 	MWh
Belgium	Natural Gas	Physical	            13 	           2,080,000 	          -   	                        -   	            13 	           2,080,000 	MMBtu
Canada	Natural Gas	Financial	              3 	           1,980,000 	           1 	              218,500 	              4 	           2,198,500 	MMBtu
Canada	Natural Gas	Physical	          245 	         15,504,082 	          -   	                        -   	          245 	         15,504,082 	MMBtu
Canada	Power	Financial	            10 	                11,916 	          -   	                        -   	            10 	                11,916 	MWh (Canada)
Finland	Power	Financial	              1 	                26,352 	          -   	                        -   	              1 	                26,352 	MWh
France	Power	Physical	              1 	                     214 	          -   	                        -   	              1 	                     214 	MWh
Germany	Power	Physical	            94 	           1,114,379 	          -   	                        -   	            94 	           1,114,379 	MWh
Netherlands	Power	Physical	              1 	                     286 	          -   	                        -   	              1 	                     286 	MWh
Norway	Power	Financial	            21 	              355,728 	          -   	                        -   	            21 	              355,728 	MWh
Singapore	Oil Products	Financial	              1 	                  5,000 	          -   	                        -   	              1 	                  5,000 	mt
Switzerland	Power	Physical	            22 	                  6,375 	          -   	                        -   	            22 	                  6,375 	MWh
United Kingdom	Crude	Financial	              6 	              450,000 	          -   	                        -   	              6 	              450,000 	Barrel
United Kingdom	LPG	Financial	              1 	                  2,000 	          -   	                        -   	              1 	                  2,000 	mt
United Kingdom	Metals	Financial	          590 	                31,012 	         80 	                  2,750 	          670 	                33,762 	LME Registered mt Lot
United Kingdom	Natural Gas	Physical NBP	          113 	         18,191,750 	           6 	              390,000 	          119 	         18,581,750 	MMBtu
United Kingdom	Natural Gas	Physical NBP Option	              1 	              920,000 	          -   	                        -   	              1 	              920,000 	MMBtu
United Kingdom	Oil Products	Financial	            15 	                75,000 	          -   	                        -   	            15 	                75,000 	IPE mt
United Kingdom	Oil Products	Financial	              1 	                  7,000 	          -   	                        -   	              1 	                  7,000 	metric tonnes/month
United Kingdom	Power	Physical	            22 	              557,760 	          -   	                        -   	            22 	              557,760 	MWh
USA	Crude	Financial	          165 	           7,245,000 	         82 	           3,125,000 	          247 	         10,370,000 	Barrel
USA	Crude	Financial Option	             -   	                        -   	         20 	           1,000,000 	            20 	           1,000,000 	Barrel
USA	Crude	Physical	              6 	              690,000 	          -   	                        -   	              6 	              690,000 	Barrel
USA	Gas Pipeline Capacity	Physical	              1 	                10,000 	          -   	                        -   	              1 	                10,000 	MMBtu
USA	LPG	Financial	              9 	              225,000 	          -   	                        -   	              9 	              225,000 	Gallon
USA	Natural Gas	Financial	          896 	       373,196,058 	       374 	       156,285,631 	       1,270 	       529,481,689 	MMBTU
USA	Natural Gas	Financial Option	            10 	           9,500,000 	           8 	           9,120,000 	            18 	         18,620,000 	MMBTU
USA	Natural Gas	Physical	       1,873 	         17,148,165 	         38 	              517,682 	       1,911 	         17,665,847 	MMBTU
USA	Oil Products	Financial	              4 	              330,000 	           4 	                55,000 	              8 	              385,000 	Gallon
USA	Power	Financial	            44 	              218,334 	         21 	                32,453 	            65 	              250,787 	MWh
USA	Power	Physical	          492 	           4,966,521 	         69 	           1,337,442 	          561 	           6,303,963 	MWh
USA	Rate and Currency	Financial	             -   	                        -   	           1 	           3,850,000 	              1 	           3,850,000 	EUR/1
USA	Rate and Currency	Financial	             -   	                        -   	           1 	           2,000,000 	              1 	           2,000,000 	FX USD
USA	Rate and Currency	Financial	             -   	                        -   	           1 	              730,000 	              1 	              730,000 	GBP/1
USA	Rate and Currency	Financial	             -   	                        -   	           1 	              716,000 	              1 	              716,000 	USD/1
USA	Weather	Financial	              9 	                       27 	          -   	                        -   	              9 	                       27 	Cooling Degree Day
		 Total 	       4,688 		       707 		       5,395


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

From:
WIZ.IXGate.tx062m@WIZ.IXGate."tx062m@mail.md"@GWISE@enronXgate@WIZ.IXGate."tx0
62m on 03/27/2001 10:42 AM CST
Sent by: <F214@WIZ.IXGate."tx062m>
To: "SMTP:Attorney@Law-offices.com" <Attorney@Law-offices.com>@SMTP@enronXgate
cc:  (bcc: Mary Hain/HOU/ECT)
Subject: Lawyer's best information source

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If this posting is not of interest, please simply delete.

Remove: send request to:   tx062m@mail.md


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/09/2000 05:43
PM ---------------------------

"Raper, Stephen" <RAPER@ci.rocky-mount.nc.us> on 08/07/2000 01:28:37 PM
To: "'ozzie.pagan@enron.com'" <ozzie.pagan@enron.com>, "'Kay.Mann@enron.com'"
<Kay.Mann@enron.com>, "'Heather.Kroll@enron.com'" <Heather.Kroll@enron.com>,
"'jhodge@enron.com'" <jhodge@enron.com>
cc: "'jep rose'" <jrose@poynerspruill.com>, "Sherk, Bill"
<SHERK@ci.rocky-mount.nc.us>, "Nixon, Nancy M."
<NIXONN@ci.rocky-mount.nc.us>, "'joe durham'" <joed@co.edgecombe.nc.us>

Subject: FW: Enron schedules

attached are two possible schedules/timelines for annexation and rezoning.
let me know your preference and/or any new ideas or alternatives for the
property in edgecombe county for the peaking plant

steve raper

> -----Original Message-----
> From: Nixon, Nancy M.
> Sent: Monday, August 07, 2000 12:17 PM
> To: Raper, Stephen
> Subject: Enron schedules
>
>  <<Zoning Notes & schedules.doc>>

 - Zoning Notes & schedules.doc


hope all is well
will chat soon
jr

__________________________________________________
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail!
http://promo.yahoo.com/videomail/


Think we should catch this at our 500pm meeting?

JR

-----Original Message-----
From: Smith, Bruce <Bruce.Smith@ENRON.com>
To: McAuliffe, Bob <Bob.McAuliffe@ENRON.com>; Rub, Jenny <Jenny.Rub@ENRON.com>; Gubser, Marlin <Marlin.Gubser@ENRON.com>
Sent: Tue Nov 27 13:19:38 2001
Subject: FW: CNN show about Enron

-----Original Message-----
From: Dietrich, Dan
Sent: Tuesday, November 27, 2001 12:42 PM
To: Smith, Bruce
Subject: FW: CNN show about Enron

fyi
-----Original Message-----
From: Steiner, David
Sent: Tuesday, November 27, 2001 12:33 PM
To: Dietrich, Dan
Subject: FW: CNN show about Enron

-----Original Message-----
From: Gustafson, Mollie
Sent: Tuesday, November 27, 2001 9:35 AM
To: DL-Portland World Trade Center
Subject: FW: CNN show about Enron

FYI?

-----Original Message-----
From: Thome, Stephen
Sent: Tuesday, November 27, 2001 9:33 AM
To: Gustafson, Mollie
Subject: FW: CNN show about Enron

 Note that there will be a show on CNN about Enron today at 6pm (Eastern)

AIRS   <http://www.cnn.com/CNN/Programs/moneyline/images/icon.triangle.gif> 6:00 p.m. ET on CNN, CNNfn
Replays at 10 p.m. ET on CNNfn
Tuesday, November 27, 2001

  <http://www.cnn.com/CNN/Programs/moneyline/images/2001/11/enron.ap.jpg>

What to do when your company's stock has dropped 90 percent? Find out how a Houston energy company is making a comeback and moving forward on a controversial buyout. Join Lou Dobbs for a report on the troubles at Enron.

Click  <http://www.cnn.com/SPECIALS/2001/trade.center/> here for CNN.com's complete coverage


Mark:

I'm finalizing my comments and will forward to you by the end of the week so
that you will have them when you return on Monday.

I attended the NetWorks staff meeting this afternoon and wanted to apprise
you of a comment made by Louise Kitchen.  Louise is concerned that the
Commodity Logic legal documentation will require a revamping of the
EnronOnline system to some extent.  She noted that at least in Europe, we
have contractually obligated ourselves to sending a hard-copy of the on-line
GTC with transaction confirmations and that the Confirm Central module will
not comply with this requirement.  I'm not familiar with this issue insofar
as it relates to European counterparties.  I think you should discuss this
issue with Justin Boyd to get a better understanding.  However, I know that
in the US we have not contractually obligated any Enron entity to a specific
form of confirmation.

I think we should meet to discuss this issue after you have had a
conversation with Justin Boyd and then should set up a time to discuss the
issue further with Louise.

Let me know what you think.

Leslie


Shirley,

$1,861.32
$ 709.39

Vince


Clint:  after the meeting, Jim advised me that the ENE board resolution will
be drafted for the Oct. meeting.  In the interim, he is convinced that only
Enron Corp. should be a swap party to these equity swaps, forwards, etc.  I
am going to speak with Rod Nelson (credit) and make some changes to our
approach.  This should also make life easier negotiating with Lehman and Bear
(from a credit perspecttive) but we'll reach an obvious stalemate when they
ask for an Enron Corp. resolution (forthcoming after the relevant board
meeting.  Sara


Pierre-Philippe,

I have contacted Allison Bailey to ask her to move her visit
to the campus to coincide with my presentation.
I hope to hear from her soon.

Vince Kaminski

P.S.  Nice WEB site

"Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 08/10/2000 05:13:53 PM
To: <vkamins@enron.com>
cc:
Subject: MSCF Speaker Series

Dear Mr. Kaminsky,
?
Just checking if there was any progress... or  anything I could do to help
you.
?
Sincerely,
?
Pierre-Philippe  Ste-Marie
--------------------------------------
pstemarie.homestead.com


It will be sometime on Tuesday.  Just call.

ds

 -----Original Message-----
From: 	Ratner, Michael
Sent:	Friday, March 15, 2002 10:37 AM
To:	Schoolcraft, Darrell
Subject:	RE: TW Retained Gas

Please let me know when you will have some time next week.

Thanks,

Michael

 -----Original Message-----
From: 	Schoolcraft, Darrell
Sent:	Thursday, March 07, 2002 3:43 PM
To:	Ratner, Michael
Subject:	RE: TW Retained Gas

yes

ds

 -----Original Message-----
From: 	Ratner, Michael
Sent:	Thursday, March 07, 2002 3:41 PM
To:	Schoolcraft, Darrell
Subject:	RE: TW Retained Gas

Will you be in the rest of the week?

 -----Original Appointment-----
From: 	Schoolcraft, Darrell
Sent:	Thursday, March 07, 2002 3:40 PM
To:	Ratner, Michael
Subject:	Declined: TW Retained Gas
When:	Tuesday, March 12, 2002 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	EB 4053A

I will be on vacation tuesday, March 12  returning on wednesday.

ds


Don,

Thanks for meeting with me to discuss a job opportunity on the Hourly Trading Desk.
I am still very interested in working in the department, so please keep me in mind
if the situation changes.

I already have a good understanding of the power market and I am a very quick learner.
So I know that I will pick up the information quickly.

This is just a suggestion - Could I spend some time in the group when it is slow, maybe an hour or two, so that
I can learn more about the job duties?

Thanks again,
Joe Capasso


Anyway, Ann isn't coming on Friday because she can't stand it that everyone
is a couple, so she is going instead with her ex boyfriend  to a dinner party
given by some people she doesn't even know.  Although I am trying very hard
to be understanding, I'm not doing a very good job.  When I was in her
situation, I seem to remember enjoying my best friends' company whether I had
a date or not!  But that's just me.

Hope you are still having tanning weather in Austin.  We certainly are here.
If you feel you are not getting enough color for your trip to Cabo, I'll come
before you leave and help you with the Clinique Tan-In-A-Tube!  (You will
still have to wear sunscreen).  What are your trip dates again?

Have a good day!

Love,
Sooz


Schedule reflects amount due for cancellation on or before the stated dates?

From: Reagan Rorschach/ENRON@enronXgate on 05/24/2001 01:19 PM
To: Kay Mann/Corp/Enron@Enron
cc: Kayne Coulter/ENRON@enronXgate, Tom May/ENRON@enronXgate, Jeffrey
Miller/ENRON@enronXgate, David Fairley/ENRON@enronXgate

Subject: RE: Open items for MDEA

Kay, see attached.  The monthly fee should be $13,003.  I took the $300k we
have all been discussing and backed out the $12,500 they paid under the ILA
terms.

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

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 24, 2001 11:35 AM
To: Mann, Kay
Cc: Rorschach, Reagan; Kroll, Heather; Fairley, David; May, Tom
Subject: Re: Open items for MDEA

More:

We need internal agreement on the cancellation fee schedule, to be included
as an exhibit.

What is the status of the Yazoo City master gas agreement?  Do we still want
a master gas agreement for Clarksdale, also?  Do we want it now?

Thanks,

Kay

Kay Mann
05/23/2001 05:05 PM
To: Reagan Rorschach/Enron@EnronXGate, Heather Kroll/Enron@EnronXGate, David
Fairley/Enron@EnronXGate, Tom May/Enron@EnronXGate
cc:

Subject: Open items for MDEA

Here are issues which I'm unclear about, all of which impact the drafting of
the agreement:

How are we setting the heat rate?  Do we have the GADS (?)?  Is it a daily
average, weekly average?  Flat rate? Adjusted? If so, how often?

Are we comfortable that there are no permit restrictions?

We have determined that we won't deal with fuel oil, right?

We aren't making money on gas, right?

Do we have a defn of costs that we like yet, and if so, how does it fit in to
the picture?

Is there an up-to-date set of exhibits?

It would help if theh commercial part of the team could send me the
following, in words and/or formulae:

The defn and method of establishing the bogey (target production cost)
formula can be an exhibit, which would be great for the commercial team to
work on.   Are we determined how we should deal with imbalances (part of cost
of power)?  How are we setting the bogey?  Formula?  Subject to audit? Two
bogeys or one (gas and oil)?

What is defn of profit?  I think I have the general idea, but a sentence or
two would be helpful as a reality check.  What costs are included on the buy
and sell side?

Re stack model: a sentence or two describing what it is and how it is used.

Updated exhibit on facilities, contracted resources, operating limits.

What information does MDEA need for us to provide in order to split
costs/profits?  Are we clear that Cities buy gas, MDEA buys/sells power?

It would be great if I could get one set of answers to these
questions/issues, which has commercial buy in all around.

Thanks,

Kay


We will have a group class on OA tomorrow around 9:00 am in EB3268.  THis is
an effort to get you guys up to speed on OA so you can review forms and I can
take 3 hour lunches.  See you there.
PL


Start Date: 4/24/01; HourAhead hour: 8;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042408.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 8 / Preferred:   2.22 / Final:   1.67)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  SC_ID: EPMI


Get a load of this...I think we should pull all the Valtech cards.

 -----Original Message-----
From: 	Martin Santora <martin.santora@valtech.com>@ENRON [mailto:IMCEANOTES-Martin+20Santora+20+3Cmartin+2Esantora+40valtech+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, May 04, 2001 4:11 PM
To:	Bridges, Michael
Subject:	Term Sheet

 - Enron Term Sheet.doc


Je toujours ai su que le francais se sont penses superieur, je ne me suis pas
rendu compte cela etait vrai pour les haut-parleurs francais aussi.


Shirley,

We want to take Kirstee to dinner on Wed next week to Brennan's
at 6:00. 4 persons, reservation in my name, TT, GM, VK, KH.

Vince


Here are the 4 questions from Duke regarding the Lincoln site.
Ben


Sally,
I've booked the company to do the 2-3rd August. If its OK with you, I'll get
some time in your diary to discuss with you who you want to attend this and
the structure and content of these days to see how we can maximise the value
from this session.

Tim

Patti - could you schedule me 30 minutes with Sally please early in w/c 7/17?
Thanks


I haven't seen a contract yet on the original 33,000 on TW but Susan thought the deal was going to be done--she's checking to see where the holdup is.  On the El Paso capacity, Mavrix never submitted a bid.  I think the deadline got past us before we were ready.  df

	  From:  Mary Kay Miller                           03/05/2001 05:28 PM

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

Subject:	Re: Mavrix

What is the latest on this?  Did they bid on El Paso?  MK

Drew Fossum
02/09/2001 05:30 PM
To:	Susan Scott/ET&S/Enron@ENRON
cc:	Mary Kay Miller/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Shelley Corman/Enron@EnronXGate

Subject:	Mavrix

Three to-dos on our Mavrix meeting:
1.  Follow up and make sure the officers get set up correctly.
2.  Talk to Perry Frazier in planning--he is keeping copies of the actual EBB postings showing that we have had the Ignacio-Thoreau piece of capacity posted (the 33,000/d).  I'd like you to keep copies of those postings in your file until Mavrix actually buys that capacity.  If we end up in a fight at some time, we'll be able to prove the postings were out there, because the actual postings are not electronically archived, I am told.
3. All Mavrix deals will need initials from legal--probably you, Susan.  For now, please let me know of any deals Mavrix does with non-Enron pipes.  For Enron pipes, of course, contract approval will be via our ordinary procedures and MKM's group and I should be advised as a matter of course.

Thanks.  DF

<Embedded StdOleLink>


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/29/2001 08:51
PM ---------------------------
From: Chip Schneider/ENRON@enronXgate on 03/29/2001 07:28 PM
To: Christopher F Calger/PDX/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Lisa
Bills/ENRON@enronXgate, David Gorte/ENRON@enronXgate, Cris
Sherman/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron, Catherine
Clark/ENRON@enronXgate
cc:

Subject:

Draft of LV Cogen Turbine Swap DASH.  Final will be circulated on Friday for
signature.  Please send comments ASAP.

Regards,

Chip Schneider
713-853-1789
EB 2852


see the doc below for making revisions.  ss
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/05/2000
02:49 PM ---------------------------

Tanya Rohauer
12/08/99 11:14 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Cargil Guaranty

---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 12/08/99 11:14
AM ---------------------------

Russell Diamond
12/08/99 10:32 AM
To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Cargil Guaranty

These are the changes that Cargill wanted to Enrons outgoing form of
Guaranty.  I also attached the redline version of the draft with Cargill's
changes.

1.  In the WHEREAS clause, a number of Cargill entities and a number of
Enron entities are listed, as are a number of different types of
transactions.  You should review this carefully to make certain all
appropriate entities are listed, as are all different types of
transactions.

2.  Paragraph 1 - Third Line - add after "Counterparty" ",its successors and
assigns,".

3.  Paragraph 1 (b) - add the following after "($20,000,000.00)" ", together
with reasonable attorney fees (and other reasonable out-of-pocket costs and
expenses) of Counterparty incurred in the enforcement of this Guaranty."

4.  Paragraph 6(b) before "presentment" add "dilligence".

5.  Paragraph 6 - Third Paragraph - Second line - delete "immediately".
 Also - typo at end of line.

6.  Paragraph 6 - Third Paragraph - 5th line - Replace "five (5)" with
"fifteen (15)".

7.  Paragraph 6 - 5th line Delete "such".

8.  Replace Paragraph 7 with the following:  "The Guarantor further
agrees that all payments made by the Company to Counterparty on any
Obligation hereby guaranteed will, when made, be final and agrees that
if any such payment is recovered from, or repaid by, Counterparty in
whole or in part as a result of any final court order in any
bankruptcy, insolvency, or similar proceeding instituted by or against
the Company, this guarantee shall continue to be fully applicable to
such obligation to the same extent as though the payment so recovered
or repaid had never been originally made on such obligation.  However,
in no event shall this provision be interpreted to allow Counterparty
to recover more from the Guarantor, Company, or any combination of the
payments from both such parties, than the Company's total obligations
under the Agreement hereby guaranteed."

9.  Paragraph 8 - Replace "Texas" law with "New York" law.


Complete Form 1 of performance reveiw and return to Morris.
Assigned to: CN=Jeff Arnold/OU=GCO/O=Enron
Updated by: CN=Jeff Arnold/OU=GCO/O=Enron


The Unify Migration Team would like to thank you for your participation in
the gas performance testing that occurred on Wednesday 4/4 and Friday 4/6.
Due to performance testing for Power, which is due to go live later this
month, we are changing the dates of the Gas Performance test to Thursday 4/19
and Friday 4/20.

Thursday 4/19, Noon - 2:00: (Logistics, Volume Management & Settlements)
? Testing Agenda is the Day 1 actives defined in the User Test 2 Schedule
that is attached below.
? Launch the stage environment from: Stage Application / Unify / Unify
Gas-Power MSSQL2K STAGE
? Server: Unify2k PT Gas
? Password : if production password does not work then try houston.
? Sitara bridge will be launched at ~11:30
? Gas Day: April 18

Friday  4/20, Noon - 2:00: (Volume Management & Settlements only)
? Testing Agenda is the Day 2 activities defined in the User Test 2 Schedule
that is attached below.
? Launch the stage environment from: Stage Application / Unify / Unify
Gas-Power MSSQL2K STAGE
? Server: Unify2k PT Gas
? Password : if production password does not work then try houston.
? Sitara bridge will be launched at ~11:30
? Gas Day: April 18

Like the last round of testing Unify Migration Team members will arrive in
your areas prior to the start time for your group.  We will walk the are and
answer questions and call in issues at they are found.

The purpose of this test is to continue to measure Unify's performance on the
new platform and find new areas for potential improvement before the
application is delivered into production.  Identifying performance issues at
this early stage is extremely important to all of us and beneficial to the
successful completion of our migration efforts.

Lunch is being arranged through your groups administrative assistance.

Attached is the User Test 2 Schedule and the spreadsheets for gathering
performance information.

If you have questions please contact Tony Dugger (x5-4371), Jill Hopson
(x5-4839) or myself.

Thanks-
Georgia Ward
ENW - Development Support - QA
(713)853-9974


yes--Oct 17,19,24,26th

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Friday, September 28, 2001 9:39 AM
To:	Sanders, Richard B.; Edison, Andrew; Blaine, Michelle; Shuler, Lance; Mordaunt, Kristina; Sager, Elizabeth; Dieball, Scott; Smith, Mike
Subject:	Golf Outing with Porter & Hedges

Chris Ferrazzi Bill Wiggins and Gene Nettles want to play golf with you at Champions!  I told them a weekday would probably be most palatable.  Please let me know if you are interested and if so what time and days would work for you.  Thanks.


That sounds like the LDs on the air filter are accruing. Please confirm with
Kay.

	Enron North America Corp.

	From:  Chris Booth @ ENRON                           04/09/2001 09:05 AM

To: Ben F Jacoby/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:
Subject: Re: Call w/ John Schroeder

Ben,

The latest version of the change order for storage to Unit 1 specifically
states:

"Subject to Section 2.4 above, Seller shall retain risk of damage and loss
under the Agreement and shall be responsible for the care, maintenance
custody and control of Unit 1 while in storage.  For the purpose of
determination of Warranty obligations under the Agreement, the delivery of
the last Major Component of Unit 1 to Seller's storage facility in undamaged
condition shall be deemed completion of Unit 1 delivery to the Delivery
Point.  Such Unit 1 delivery date shall be used in the interpretation of
Section 14.1.1 of the Agreement."

Chris

Ben F Jacoby@ECT
04/06/2001 02:39 PM
Sent by: Ben Jacoby@ECT
To: Chris Booth/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron
cc:

Subject: Call w/ John Schroeder

Chris / Kay:

I talked with John today and told him about Northwestern. I basically said we
were close to agreement on doing a project in Montana for the first unit,
with the destination of the second undetermined at this time. I asked him not
to disclose this to the rest of GE until our deal is signed. He was very
positive on this.

I also mentioned the air filter, and he stated that he thought the LD clock
stopped when the unit was put into storage. I suggested that both GE and
Enron look into this to make sure we're in agreement before we bring a
partner in. He appreciated the suggestion and told me Jeff Darst would get
back to me.

Chris - in the meantime, could you please review the contract on this point?

Thanks.

Ben


Eldon's computer is down - so I hope you get these ok. .


Yes, I have it.

She thought she had heartburn while she was with Michael.

What a summer.

Lisa Mellencamp@ECT
07/10/2000 10:33 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Draft of Enron CPCN Application - Richmond Project

hopefully not a heart attack when she was with him???
i have limped in this am to find a zillion emails etc. i saw you were not on
the list but this is their problem. i assume you have in hand??

Lisa J. Mellencamp
Enron North America Corp.
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393


I believe John Milar works for Eric Gadd.  He has spoken with a couple of my guys about developing a LM2500 at one of Transwestern's compressor stations.  Despite what I told Eric a couple of months ago, they seem to be moving forward.  They have received pricing from EEOS and asked Bill Williams in our Tech Services Group to check the EEOS numbers.  I will look into it further and report back.

Chris Calger
503-464-3735


Try selling it.  Can you really get that much?

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Thursday, January 17, 2002 1:47 PM
To:	Keiser, John
Subject:	ebay

Yu could make some money selling your Enron stuff on Ebay.  The keychain I bought for $15 is now selling for over $200.  It's crazy.


I 'm pretty sure that we made an equity investment in a fuel cell company but
I'm not sure which one.  We have a group dedicated to looking at new energy
technology investment opportunities so I'm confifdent we won't miss out on
any opportunity in this market.


Ted,

The people included in the cc: are those people we nominate to interview on the below mentioned days.  We have not checked their availability and should you not find enough people from the list above please revert to John or I, but I think you have enough.

Louise

 -----Original Message-----
From: 	Bland Jr., Ted C.
Sent:	Wednesday, September 26, 2001 1:39 PM
To:	Causey, Richard; Buy, Rick; Glisan, Ben; McCarty, Danny; Piper, Greg; Beck, Sally; Lavorato, John; Kitchen, Louise; Dietrich, Janet; Bowen Jr., Raymond; Mcconnell, Mike; Shankman, Jeffrey A.; Fallon, Jim
Cc:	Oxley, David; Olson, Cindy; Pieper, Kalen; Barnard, Marla; Lemmons Jr., Billy; Davies, Neil; Jones, Robert W.- HR Exec
Subject:	Fantastic Friday/Super Saturday Interviewers

As you all know, the recruiting season is in full swing and the AA Program's recruiters are hitting campus as we speak.  One of the most important parts of the process and a key to Enron's future success are the Fantastic Friday and Super Saturday interview dates where we make the selections on those candidates who will receive offers from Enron for the 2002 recruiting class.  It is important that these candidates be interviewed by business leaders from each business unit and specifically those who utilize AA pool members.  Our goal is for each business unit to identify a core group of interviewers for each of the four interview weekends which will be held as follows:

		Dates						Total Number of Interviewers Needed**

October 25-26           Fantastic Friday - Analysts			100		30 for dinner/70 for interview
November 2 -4 -        Super Saturday - Associates		100		30 for dinner/70 for interview
November 15-16        Fantastic Friday - Analysts			100		30 for dinner/70 for interview
November 30-Dec 1   Super Saturday - Associates		100		30 for dinner/70 for interview

I have attached a list of those individuals in various business units that have participated in the interview process in the past for your review (as a sample of the type of individual we are looking for as interviewers).  Please provide me a list of your business unit's interviewers by date by Friday, October 5.  Individuals are encouraged to interview more than one selected date and we will forward details to them at least a week prior to the interview date.  If you have any questions, please do not hesitate to give me a call.  Thanks again for all your help.  Ted and Traci

**  We do not expect you to provide all the interviewers.  This number reflects to total needed from all business units and will include those needed for both the evening and interview days..


Everyone should be in the draft room now at
basketball.commissioner.com/efba.  follow the draft link and go to draft room
and click on html draft.  I am settin the order right now


Tana:

None of the following CPs are authorized to trade US power:

Torch Energy TM, Inc. - restricted by credit
Koch Hydrocarbon Co. - not a current CP/not FERC approved
Accenture LLP - restricted by credit
Westpac Banking Corporation - restricted by credit

Leslie


I understand that you will be in London around 20 September.  Tom Lewthwaite
has
asked me to arrange a meeting between you, Tom and Julian Leake.  I understand
that you have met Tom and Julian before.   I would also like to attend - I am
a
manager in our UK Financial Services practice with responsibilty for Enron
from
a UK financial services perspective.  We would like to discuss any risk
management concerns that you may have and any internal initiatives with which
we
could assist.

If you are happy to meet, I would be grateful if you could let me know how you
to proceed (whether I should arrange timings with you, your secretary, someone
in London etc).  You can contact me on +44 20 7783 7446 (at Enron's London
offices) or on this e-mail address.

Kind Regards

Paul Day

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This Order

Agenda
01
02
03
04


Kate,
I am in the confirmation group with EES and try to tie out our confirmtions
with the EPMI list I receive from Kim Hundle (EPMI), on a weekly basis.  This
file would be great help with this process.  Is there any way you could send
this to me as well? This would help me determine who the problem is with.  I
would appreciate it.
Thanks
Judy D


I spoke with Sylvia Pollan this afternoon in regards to Midland Cogeneration Venture Limited Partnership (SHORTNAME: MIDLANDCOGEN). Although the counterparty terminated the 9/1/90 agreement 1/15/02 per the Master Letter Log, we should continue to moving the gas until further notice. As result of such, please move the following transactions from the BANKRUPTCY book back to the 'Live' side (sorry, couldn't think of a better description). I will send immediate notice should the status of these transactions change.

TAGG#		SITARA#(s)
E22563.6		22563 / 340362 / 356854
E22563.Q	22563 / 340362 / 356854


[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE] 	[IMAGE] 	[IMAGE]
[IMAGE] 	[IMAGE] 	[IMAGE]
[IMAGE] 	[IMAGE] 	[IMAGE]
	 	[IMAGE]


Yay!  So glad you're still kicking up  there. Our number is 510-848-1919.
Life is pretty weird right now, but pretty good all things considered. No
big news yet in terms of moving, jobs, babies, etc. but I am working in a
brand new office, which I love, but I've lost some business because I'm not
working in North Berkeley anymore, and plus people are freaking out, and
plus they're hoarding their money, or whatever. But I love this new place so
much I just trust all will be well. All is well, really, even now. I'll save
the rest for later. Oh, I just spent the evening at Osento with Beth Maloney
and Rebecca Hill. Rebecca's getting married next week. I feel like I've
starting a trend... anyway, I'll save the rest for when we actually talk.
Love, Kate


ok, cool

Fletch


I would like to add Dec. 7 as a vacation day.  Please let me know if there
are any problems.  Thanks.  Sara


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Table Of Contents
Click here for the full issue:
http://www.tr.com/online/trd/2001/td060401/index.htm

HOLLINGS FAVORS SMALLER COMMERCE COMMITTEE;
INOUYE SET TO RETAKE COMMUNICATIONS GAVEL
http://www.tr.com/online/trd/2001/td060401/Td060401.htm

TECH COALITION BACKS BUSH's CALL
TO EXTEND CHINA's TRADE STATUS
http://www.tr.com/online/trd/2001/td060401/Td060401-01.htm

HEALTH RESEARCHERS TO SETTLE LAWSUIT
OVER USE OF PRIVATE CELLPHONE RECORDS
http://www.tr.com/online/trd/2001/td060401/Td060401-02.htm

CLEC ASKS FCC TO STAY RECIPROCAL
COMPENSATION ORDER
http://www.tr.com/online/trd/2001/td060401/Td060401-03.htm

NEWS IN BRIEF
http://www.tr.com/online/trd/2001/td060401/Td060401-04.htm

***************************************************************
HOLLINGS FAVORS SMALLER COMMERCE COMMITTEE;
INOUYE SET TO RETAKE COMMUNICATIONS GAVEL

It's still too early in the Senate transition game to tell which
issues -- telecom related or not -- will come to a head under a
Democratic-led Commerce, Science, and Transportation Committee.
But incoming Chairman Ernest F. Hollings (D., S.C.) already has
singled out one item for immediate attention -- downsizing the
Commerce Committee.

The panel gained two seats for a total of 22 at the outset of the
107th Congress.  Under a Senate "power-sharing" pact that went
into effect last January, all the committees were drawn up to
reflect the Senate's 50-50 split between Democrats and
Republicans (TR, Jan. 15).

But with Sen. James Jeffords's (R., Vt.) departure from the GOP
expected to take effect this week, Democrats are pushing a new
reorganization plan that would give them a one-seat advantage on
each committee.  For the Commerce Committee, Sen. Hollings
prefers trimming a Republican from the panel rather than adding a
Democrat, his spokesman said.

"He feels the Commerce Committee is starting to get too large and
plans to work with [incoming Majority Leader Thomas A.] Daschle
[D., S.D.] to come up with a final determination," the spokesman
told TR today.

It is too early to discuss specific Commerce Committee agenda
items for the remainder of the year, the Hollings spokesman said.
But before he begins pushing an agenda, Sen. Hollings will confer
with current Commerce Committee Chairman John McCain (R., Ariz.),
he added.

"While the committee's priorities have yet to be determined, the
style in which they work won't be changing," the spokesman said.
"Clearly, Sens. McCain and Hollings have a long-standing, working
relationship. . .and cover issues that transcend party lines.
They pride themselves on moving things out of that committee in
bipartisan fashion, and that isn't going to change," he added.

On the telecom front, Sen. Hollings is in line to become chairman
of the communications subcommittee, but he's not expected to
assume that post.  Instead, the subcommittee's gavel likely will
return to Sen. Daniel K. Inouye (Hawaii), who last held the top
spot there in 1994.

A Hollings-Inouye pairing would be good news for those who don't
want Congress to overhaul the Telecommunications Act of 1996.
Earlier this year, Sens. Inouye and Hollings were two of four
senators who called on FCC Chairman Michael K. Powell to maintain
the "strict adherence and strong enforcement" of the local
market-opening mandates spelled out in sections 251 and 271 of
the Act (TR, April 30).

Sen. Inouye also has pressed the FCC for quick action on
Northpoint Technologies Ltd.'s applications to operate in the Ku-
band (TR, May 28), and he was an original cosponsor to a bill, S
414, to set up a new telecom program to be administered by the
Commerce Department's National Telecommunications and Information
Administration (TR, March 5).

For current communications subcommittee Chairman Conrad Burns
(R., Mont.), the loss of the gavel shouldn't disrupt the rollout
of his "tech seven" agenda of telecom and Internet issues, his
spokeswoman said.  "It's still his top priority," she said.  Sen.
Burns "enjoys a good working relationship with [Sen.] Hollings
and feels they'll move the tech seven agenda."

***************************************************************
TECH COALITION BACKS BUSH's CALL
TO EXTEND CHINA's TRADE STATUS

A coalition of groups representing telecom equipment and high-
tech companies today said Congress should extend normal trade
relations (NTR) status with China for another year.  The U.S.
High-Tech Industry Coalition said it "strongly endorsed"
President Bush's call for such an extension.

Extending China's normal trade status would "protect current U.S.
high-tech investments and businesses in China, thus enhancing
opportunities for increased market access once China formally
joins the World Trade Organization," the coalition said.  China
is "moving toward completing" all of its accession procedures for
joining the WTO, it added.

The coalition includes the AeA (formerly the American Electronics
Association), the Computer & Communications Industry Association,
Information Technology Association of America, Information
Technology Industry Council, and the Telecommunications Industry
Association.

***************************************************************
HEALTH RESEARCHERS TO SETTLE LAWSUIT OVER USE OF PRIVATE
CELLPHONE RECORDS

The group that led a six-year, $27 million industry-funded effort
to study the health effects of mobile phones has agreed to settle
a class-action lawsuit.  The suit was filed in 1995 on behalf of
mobile phone users who claimed their privacy was invaded.  Their
phone records were reviewed without their permission as part of
the research project, the plaintiffs said.

Wireless Technology Research LLC has agreed to turn over the
remaining $1.4 million of a $2 million insurance policy that the
wireless industry purchased for it in the wake of the litigation.
As part of the settlement agreement, $250,000 of those funds will
be set aside to fund a voluntary, surveillance registry to assess
whether there is a link between mobile phone use and illnesses.

The registry will be run by WTR Chairman George L. Carlo, who had
a falling out with the wireless industry after he accused it of
failing to act on research that he said indicated a link between
mobile phone use and adverse health effects.  The settlement also
reserves $150,000 for future legal expenses of Mr. Carlo and WTR.

In addition, mobile phone subscribers included in the class would
get a 50% discount on a book Mr. Carlo co-authored last year,
"Cell Phones: Invisible Hazards in the Wireless Age."

Attorneys for the plaintiffs in "Jerald P. Busse et al. v.
Motorola, Inc. et al." (case no. 95 CH 10332) have asked the Cook
County, Ill., Circuit Court to hold a hearing Thursday on the
proposed settlement.  If the court approves the agreement, WTR
would be dropped from the lawsuit, but other defendants from the
wireless industry would remain.

An aide for Mr. Carlo told TR today he couldn't discuss the
settlement until it is finalized.  Michael F. Altschul, senior
vice president-policy and administration and general counsel for
the Cellular Telecommunications & Internet Association, which is
a defendant in the case, also declined to comment, saying
industry attorneys were reviewing the proposed settlement.

***************************************************************
CLEC ASKS FCC TO STAY RECIPROCAL COMPENSATION ORDER

Competitive local exchange carrier (CLEC) Core Communications,
Inc. (CoreTel) has asked the FCC to stay the effectiveness of a
recent order overhauling reciprocal compensation rules.  The new
rules are designed to phase out payments received by carriers for
connecting calls to Internet service providers (ISPs).  CoreTel
said the order could force it to abandon some of its markets.

CoreTel took issue with two provisions of the order in Common
Carrier dockets 96-98 and 99-68 (TR, April 23).  One is the ban
on carriers' receiving reciprocal compensation for terminating
calls to ISPs in any new markets entered after the adoption of
the order.  The other is the "growth cap" provision, which limits
annual increases in a carrier's reciprocal compensation revenue.

The order allows CLECs that already are operating in a particular
geographic area to continue receiving reciprocal compensation
revenues up to the limit set by the growth cap, while hampering
new CLECs, CoreTel noted.  That situation puts new CLECs entering
those markets at an "extreme competitive disadvantage," it said.

"The business that CoreTel will lose as a result of these new
rules and the competitive advantage they confer on established
CLECs is incalculable and irremediable at some later date,"
CoreTel said.  It will suffer "irreparable harm" if the
provisions aren't stayed pending judicial review, the company
added.

***************************************************************
NEWS IN BRIEF

New FCC Cable Bureau Chief Kenneth Ferree has announced that
senior legal advisor Clint Odom has left his staff and that
Thomas Horan, an attorney in the FCC consumer protection and
competition division, has succeeded Mr. Odom.  Mr. Odom was a
legal adviser to former FCC Chairman William E. Kennard before
joining the Cable Bureau....

President Bush has signed an executive order allowing the
Information Technology Advisory Committee to operate for another
two years, until June 1, 2003.  Former President Bill Clinton
established the panel by executive order in February 1997....

Robert A. Kaiser has been appointed president and chief executive
officer at MobileStar Network Corp., a wireless broadband
provider based in Richardson, Texas.  He was CEO at WorldCom
Broadband Solutions Group and before that was CEO and chief
financial officer at SkyTel, Inc....

John Windolph has been named senior vice president-business
development for the Cellular Telecommunications & Internet
Association.  Previously, he was executive VP and chief marketing
officer for Lowe Lintas & Partners, an advertising agency, and
VP-marketing communications for Iridium LLC.  He succeeds George
Shaginaw, who will become full-time president and chief executive
officer of CIBERNET, a CTIA subsidiary....

Tayo Ogundipe has been promoted to vice president-finance at
UbiquiTel, Inc.  He joined UbiquiTel in April 2000 as finance
director.  Previously, he was with the wireless division of
Southwestern Bell Corp. (now SBC Communications, Inc.) and
Comcast Cellular Communications.  UbiquiTel is a Sprint PCS
wireless affiliate based in Conshohocken, Penn....

Deborah Edlund has been named vice president-U.S. sales for MCK
Communications, Inc.  She was VP-distribution sales at Fujitsu
Business Communications Systems.  MCK also promoted Marc Flynn to
VP-international sales.  He has held sales posts at Bell Canada,
Memotec General Datacomm, and ADTRAN.  MCK said that Jeff
Dickerson, senior VP-worldwide sales, is leaving the company.
Mr. Dickerson's plans were not revealed.  MCK is a telecom
network equipment provider based in Needham, Mass....

Kent Larsen has joined the Washington law firm of Bennet & Bennet
PLLC as a senior communications consultant.  He has more than 17
years of experience as a telecom industry consultant....

The FCC has begun a new e-mail service to tell consumers about
developments at the agency, disseminate consumer information, and
invite comments on FCC proposals.  The service is operated by the
consumer education office of the FCC's Consumer Information
Bureau.  To subscribe, send an e-mail to subscribe@info.fcc.gov,
and write "subscribe fcc-consumer-info firstname lastname" in the
subject line or body of the message....

Nortel Networks Corp. will issue new stock options to many
employees whose options have been rendered worthless by the dip
in Nortel's stock price, the company said today.  As of May 31,
about 333 million options to buy Nortel shares were outstanding.
Around a third of those will be eligible for the exchange
program, Nortel said.  "This is an extraordinary step that is
essential so we may continue to attract, retain, and reward our
talent in a highly competitive labor market," said John Roth,
Nortel's president and chief executive officer....

An alliance of information and communications technology
companies is launching a global initiative to improve the
environment and support sustainable development by saving energy,
minimizing waste, and bridging the digital divide, the
International Telecommunication Union (ITU) said today.  The
Global e-Sustainability Initiative (GeSI) is supported by the ITU
and the United Nations Environment Program.  It will help conduct
research over the next two years on how communications companies
can be more environmentally and socially responsible.  Founding
members include AT&T Corp., British Telecommunications plc, Cable
& Wireless plc, Deutsche Telekom AG, LM Ericsson AB, Lucent
Technologies, Inc., Telenor AS, and the European
Telecommunications Network Operators Association.  GeSI will be
launched June 5 on World Environment Day in Turin, Italy.  For
more information, go to http://www.gesi.org....

The number of CDMA (code-division multiple-access) subscribers
grew to 90 million in March, a 58% jump over the previous year,
according to the CDMA Development Group.  The Asia Pacific region
remained the largest CDMA market, with nearly 40 million sub-
scribers, while North America was second with 33.8 million
subscribers.  Latin America saw the fastest growth in CDMA usage,
144%, bringing its subscribership to 15.9 million.

********************************************************
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Inc., (ISSN 1082-9350) is transmitted weekdays, except for
holidays.  Visit us on the World Wide Web at http://www.tr.com.
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any form, including electronic, without permission of the
publisher.:


Sounds like flying Sunday night.

Jim

 -----Original Message-----
From: 	Yeung, Charles
Sent:	Thursday, August 30, 2001 4:43 PM
To:	Steffes, James; Bestard, Jose; Walton, Steve; Ingersoll, Richard
Cc:	Binns, Darran; Noske, Linda
Subject:	Vancouver NERC Meeting

Jim, Steve, Jose and Dick

I checked the meeting calendar and the NERC hospitality and dinner is during the time we agreed to meet over dinner.  I suggesting changing our plans for a dinner meeting on Monday evening, Oct 15 to that morning instead.

I think if you check on flights from Houston to Vancouver, it will be tricky to get to Vancouver from Houston the morning of Oct 15 to make it in time to the Stakeholder meeting which starts at 1:00 pm.   It may be better to fly in Sunday night from Houston anyway.

What do you all think?  Lets coordinate so we can get the flights right.
Charles 713-853-0348


Per Lisa Mellencamp, can you add my name to the list of counterparties who
are either bankrupt or in workout.  I understand that you will have a list by
the end of the day.  Thanks.


Attached is a newly revised Credit Watch listing.  If there are
any personnel in your group that were not included in this distribution,
please insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at 5-7095, Brant Reves at x3-9897, or the Global Credit Hotline at x3-1803.


There is a potential that counterparties will allow us to promote a small group of individuals simultaneous to deal closure.  To facilitate that process, please provide a list of those individuals you would like to promote along with a brief explanation to your HR generalist no later than 12:00 pm on Thursday, January 10, 2002.

Please keep in mind that the nominee should have been in his or her current role for at least a year and received a 3 or better rating during the mid-year PRC process.

Listed below are your HR contacts.

Gas Trading and Gas Origination					Jeanie Slone
Power Trading and Origination/EOL				Amy FitzPatrick
Tax/Accounting/Legal/Credit/Treasury/IT Infrastructure		Sarah Zarkowsky
IT Development							Mandy Curless
GRA/Weather							Anne Labbe
Settlements/Risk/Volume Management/Document/Energy Ops	Tana Cashion

Your HR representative will be contacting you in the next day to review your employee lists as well as discuss any promotions.


I wuzn't invited to the wedding.  AND when you sit down and think about the
hedges and transport stuff, you will be surprised at how much stuff you
remember.

The quickest way to learn transport???  Get copies of the invoices.

And guess what, I got another compliment on my sweat pants  on Saturday!!!

"Veselack, Joni" <joni.veselack@neg.pge.com> on 02/16/2001 07:22:15 AM
To: "'Chris Germany'" <chris.germany@enron.com>
cc:
Subject: Chrisssssssssssssssssssyyyyyyyyyyyyyyyyyyyyyyy

Hey.... what's going on??? Are you going to Clarissa's wedding????

Boy... I sure wish I would have listen to you when you were teaching me
storage, hedges, transport.... all the crap. Have no clue what I'm doing
now... but its fun trying to figure it out!!!!

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.


For the next two days, you can call me on the cell# 832-724-6346.
Krishna.


On call for the weekend.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/16/2001 02:36
PM ---------------------------

Brandee Jackson@ENRON
03/16/2001 02:27 PM
To: Chris Germany/HOU/ECT@ECT, Candace Spencer/CAL/ECT@ECT, Lisa
McIsaac/CAL/ECT@ECT, Kevin Heal/CAL/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT,
Darren Espey/Corp/Enron@ENRON, Tammy Gilmore/NA/Enron@ENRON, Margie
Straight/HOU/ECT@ECT, Teresa McOmber/NA/Enron@ENRON, Shannon
Groenewold/ENRON@enronXgate, Jacqueline P Adams/HOU/ECT@ECT, Sabrae
Zajac/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, Cynthia
Franklin/Corp/Enron@ENRON, Joe A Casas/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Chris Ordway/NA/Enron@Enron, Jesse
Villarreal/HOU/ECT@ECT, Clarissa Garcia/HOU/ECT@ECT, Sabra L
Dinari/HOU/ECT@ECT, Christina Sanchez/Corp/Enron@ENRON, Kelly
Loocke/ENRON@enronXgate, Lia Halstead/NA/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT, Kirk Lenart/HOU/ECT@ECT, Margie Straight/HOU/ECT@ECT,
Tracy Wood/NA/Enron@ENRON, Tamara Carter/NA/Enron@ENRON, Alvin
Thompson/Corp/Enron@Enron
cc: Robert Superty/HOU/ECT@ECT, Alex Saldana/HOU/ECT@ECT, Heather
Choate/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, George F
Smith/HOU/ECT@ECT, Patti Sullivan/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT
Subject: ON CALL


Thank you for supporting Stephanie Panus in attending Basics of Risk
Management on August 17 - 18, 2000.

$600 has been charged to your Company and RC.  If you have any questions,
please call the Development Center Team at 713-853-0357.


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
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I have a Doctor's appt tomorrow at 9:30am, and I'm not sure I'll be back by
11am.  I can do it anytime after 2pm tomorrow or anytime on Wed.

Corey


Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.


For the online trading project, I am trying to track down for the U.K., the
Datasource, Reporting Service, and Reporting Agency for the GTC.  I
understand that you might either have that information or be able to direct
me to someone who does.  I appreciate whatever help you can give me!


Thanks in advance for agreeing to speak at the Global Operations Controller
Forum.  There will be approximately 30 Enron business controllers present at
the meeting.  All have responsibility for mid and back office operations for
the following Enron entities:  Enron North America, Enron Europe, Enron South
America, Enron Global Markets, Enron Industrial Markets, Enron Broadband
Services and Enron Energy Services.  Attendees will be here from Houston,
Calgary, Tokyo, Sydney, London and New York (metals business).

Attached for your reference is the agenda. There may be some slight changes
before the forum begins, but this will give you a good idea of the topics to
be covered and the other speakers who will address the group.

You are scheduled to address the group as follows:

Date:  Monday, October 23, 2000
Time:  4:00 pm
Place:  The Warwick Hotel
  The Versailles Room - 12th Floor
  5701 Main Street
  Houston,  TX  77005

I have noted that your topic will be assessing, measuring and managing credit
risk.  Any references that you could make to the importance of information
flow between credit and operations would be great to cover.  Feel free to
offer up a challenge to the group.

I am glad that you will be able to join us for the tour of Enron Field and
for dinner at Ruggles Center Field Terrace on Monday evening.


The report named: Power West P/L <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=28&report_name=Power+West+P/L&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=10/16/2001>, published as of 10/16/2001 is now available for viewing on the website.

(Revision: 2)


I'll forward the email and you can print and fax.  No big deal.

From: Suzanne Adams@ECT on 02/07/2001 03:28 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Fax to Lee Johnson

I made a mistake - forgot to send it to Lee.  I'm so sorry!  Do you have it
and I can send it to him or will he be here in person.  I didn't write it
down and it completely slipped my mind.  I really am terribly sorry.

	Kay Mann@ENRON
	02/07/2001 03:30 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Fax to Lee Johnson

Hi there,

Lee doesn't remember getting a fax from me yesterday.  Did you get a
confirmation back?  It was the same fax that was sent to Pete Thompson.

Thanks,

Kay


Is anyone familiar with the requirement in providing sidewalks along
a public street?  The fellow that tore up our brand new Welch street
back in October has torn up the sidewalks on Welch and planted grass
in their place.  Isn't he required to keep the sidewalks that existed
before?  There are sidewalks on both sides of Welch all the way from
Taft to Montrose with the exception of the stretch in front of his
new townhomes.

Frank & Lorraine Zistler

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Don,
I will get that to you by noon on Thursday.

Jeff

-----Original Message-----
From: Don.Baughman@enron.com [mailto:Don.Baughman@enron.com]
Sent: Wednesday, March 07, 2001 3:00 PM
To: jeff.maack@ipgdirect.com
Subject: Re: TradersNews

Jeff,

Trade ya.  Can you get me the Cinergy & CE indices on a spreadsheet from
inception to now?

I'm compiling that list of names for you right now.

Drop you a line later in the day.

Later,

Don
EPMI
713.853.0392


Dear Mr. Kamiski,
I am working on the attendee list
for EMF's working group meeting next
week. We usually distribute a listing of
all which includes everyone's contact
information (address/phone/fax/email)
and I don't have that information from you.
If you would like to be included in this listing,
please provide the above information as
soon as possible.
Thank you,
Edith Leni
Energy Modeling Forum
Terman Engineering Center, Room 404
Stanford University
Stanford, CA 94305-4026
Phone: 650-723-0645
Fax: 650-725-5362


Here are my comments and additions. This swap case is a very popular one since
it was the first known interest rate swap and one I've studied before.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    BF good case memo
Author: dwindham@uclink4.berkeley.edu (Dylan Windham)
Date:       03/11/2001 11:46 PM

OK gang,

Here is a draft of the memo.  I extended my analysis to try and quantify
limiting conditions for partners on a and x.  The problem is that with my
estimates even using the lower limits the deal will never be profitable for
BF Goodrich.  Please check my math, I know I must have made an error.

Anyway, I hope that we can possibly talk about it at break tomorrow.

Dylan

 - BF Good Memo 0311.doc
 - BF Good Exhibits.xls
 - BFG Dylan.doc


-----Original Message-----
From:  Enron Announcements/Corp/Enron@ENRON
[mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On
Behalf Of Donna Lowry- (Sr. Director RAC Compliance)@ENRON
Sent: Wednesday, June 13, 2001 7:47 PM
To: PG&E List@ENRON
Subject: PG&E BANKRUPTCY CASE-- IMPORTANT

As you may be aware, Enron Corp. is a member of the Official Unsecured
Creditors' Committee appointed in the Pacific Gas and Electric Company
bankruptcy case. Michael Tribolet with the Risk Assessment and Control Group
is Enron's designated representative on the committee and he is being
assisted by Lisa Mellencamp in the Enron North America Corp. legal group.
Please be advised that they will be restricted from disclosing certain of the
information that they receive.

Attached are Ethical Wall Procedures regarding confidential information that
Enron may receive as a member of the committee. It is important that you read
the procedures promptly, print the Employee Certification attached and sign
and return the Employee Certification to the Compliance Department as
directed.


Mike,

Very interesting.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/04/2000
08:31 AM ---------------------------

"John H Herbert" <jhh1@email.msn.com> on 08/03/2000 11:40:48 PM
To: "Vince J Kaminski" <Vince_J_Kaminski@enron.com>
cc:
Subject: Since storage numbers are so important I decided to do the attached
fee article

Best regards,

JHHerbert

 - ts.pdf