As a follow-up to our discussions yesterday, attached is a revised
statement/Q&As.  This statement reflects significant changes
from the Enron India team.  It has been approved by Wade Cline and Sandeep
Katwala (legal).   The  issue will probably resurface tomorrow,
so your early comments and approval would be appreciated.  I can be reached
at home (713-572-9556) or cellular (281-948-7273) this evening.

There have been a number of press reports today about the payment issue.
Copies of the stories follow.  The Reuters' story was previously forwarded by
Jim Hughes.
In addition, there have been a number of India press reports including the
Times of India story, which may be picked up by some international wire
services. The other
two Indian press reports appear to have taken other discussions/background
briefings and unfairly attributed some quotes to Wade.  We can expect
additional
media interest Monday.

FYI, Jim Hughes has indicated that Ken Lay wants to advise the US Ambassador
before drawing the securities, so the probable timing for the draw is Monday
night
or Tuesday India time.

John

                    01/07/2001
                     Reuters English News Service
                     (C) Reuters Limited 2001.

                     BOMBAY, Jan 7 (Reuters) - The Indian government has
asked the western state of
                     Maharashtra to work out ways to pay outstanding dues to
U.S. energy giant Enron Corp,
                     media reports said on Sunday.

                     Enron has threatened to invoke letters of credit (LC)
and the federal government's counter
                     guarantee.

                     "The state government has to work on the issue," the
Press Trust of India said, quoting
                     unnamed official sources.

                     The Economic Times on Sunday said that the lenders to
Enron's local unit, Dabhol Power
                     Company, were meeting on Tuesday in New York to discuss
the inability of the
                     Maharashtra State Electricity Board (MSEB) to clear its
dues.

                     "As a result of MSEB's mounting dues Enron said it would
be forced to invoke the LC," the
                     newspaper said.

                     The report said the MSEB had outstanding dues worth 2.62
billion rupees ($56.15 million).

                     Enron's local unit said on Friday it will lower tariffs
from next month in a bid to defuse
                     criticism that it charges higher rates for the
electricity it produces in Maharashtra state.

                     Last month, the Maharashtra government decided to review
the rate at which it buys power
                     from Enron's Dabhol Power, saying the high cost was
threatening its finances.

                     Enron is spending about $1.9 billion to build a facility
to generate 2,184 MW of electricity.

                     India, which needs to generate an additional 100,000 MW
of power within the next decade
                     to meet growing demand, is desperate to attract foreign
capital. But after nearly a decade of
                     liberalisation, Enron is among the few private power
companies to begin generating power
                     in India.

FIs in U.S. press panic button as MSEB fails to pay Enron
                     S. Balakrishnan

                     01/07/2001
                     The Times of India
                     Copyright (C) 2001 The Times of India; Source: World
Reporter (TM)

                     MUMBAI: Financial institutions in the U.S. have pressed
the panic button with Maharashtra
                     State Electricity Board (MSEB) defaulting on payments
for electricity it has purchased from
                     the Enron subsidiary, Dabhol Power Corporation (DPC).
The board owes DPC Rs 262
                     crores of which Enron expected Rs 114 crores would be
paid by January 6. The board has
                     thrown its hands up in the air saying that it is simply
in no position to effect the payment.
                     The situation has been vastly complicated with chief
minister Vilasrao Deshmukh plainly
                     refusing to bail out MSEB.

                     It is learnt that major lending institutions have
convened a meeting in New York on January
                     10 to decide a course of action to compel MSEB to cough
up the money. Indian lead
                     financial institutions__including IDBI, SBI and ICCI,
who have a collective exposure of $1.2
                     billion__ have also been asked to send their
representatives for the meeting. If MSEB does
                     not pay up by then, the institutions may decide to
invoke the letter of credit. The implication
                     is that lending institutions may seize MSEB's accounts
with them and adjust the monies
                     against the dues payable to DPC.

                     It is learnt that Enron has informed the U.S. embassy of
the intransigent attitude adopted by
                     MSEB and the state government. Incidentally, Enron was a
contributor to U.S.
                     president-elect George W. Bush's election campaign.

                     Sources close to Enron said the company might be willing
to restructure the power
                     purchase agreement (PPA) provided MSEB does not default
on its payments. But the
                     restructuring of the PPA may not be an easy task since
it will require the endorsement by
                     the Central Electricity Authority and the Maharashtra
Electricity Regulatory Commission.

                     The sources said the defaulting by MSEB and the stance
adopted by Mr Deshmukh will
                     have serious implications since a large number of world
financial institutions__like
                     Citibank, ABN Amro, Bank of America, apart from the
governments of the U.S., Belgium and
                     Japan__have financial stakes in the 2100 MW project. The
defaulting will also harm the
                     interests of several Indian financial institutions who
have lent money for the controversial
                     venture.

                     Enron is hoping that the BJP-led government at the
Centre may persuade Mr Deshmukh to
                     defuse the crisis. But if ultimately no payment is
forthcoming, Enron may act tough and
                     invoke the guarantee and counter guarantee given to the
project by the state and the central
                     governments respectively.

                     The deal with Enron was signed by Sharad Pawar when he
was the chief minister in the
                     early nineties. It was first scrapped and later
enthusiastically endorsed by the Shiv
                     Sena-BJP coalition which came into office in 1995. It is
learnt that Mr Deshmukh has been
                     asked by the Congress high command to adopt a tough
stand so as to embarrass Mr
                     Pawar__who is now in the Nationalist Congress Party__the
Sena and the BJP.

                     It is learnt that state finance minister Jayant Patil
informed Enron representatives that the
                     current situation was the outcome of coalition politics.
An Enron official countered this by
                     pointing out that a coalition of lending institutions
was involved at the other end of the table.

Enron ready to renegotiate Dabhol deal
                     Our Corporate Bureau MUMBAI

                     01/08/2001
                     Business Standard
                     1
                     Copyright (c) Business Standard

                     US energy major Enron is prepared to renegotiate its
deal with the Maharashtra
                     government on the controversial Dabhol Power project,
but has emphasised that the new
                     deal cannot be a unilateral one.

                     This is the first time that Enron has publicly spelt out
its stand on the issue. Enron India
                     managing director K Wade Cline said, "The deal cannot be
a unilateral one. MSEB
      (Maharashtra State Electricity Board) must continue to pay us for the
power purchased. We
      should also be allowed to continue operating our power station at
Dabhol. Obviously, it
      must be a deal that works."

                     The state government, Cline said, must remember that
just as it was important for it to sell
                     a deal to its various constituencies, it was important
for Enron to be able to sell it to its
                     various stakeholders.

                     "A renegotiated deal will mean that we will have to
convince the gas suppliers to rework the
                     agreement that we have signed with them. It also means
that we will have to convince our
                     lenders," Cline added.

                     The $3-billion project has an equity component of $1
billion and a debt component of $2
                     billion. Cline pointed out that the entire equity as
well as $1.6 billion in debt had already
                     been brought in. Domestic lenders like ICICI, IDBI and
SBI have contributed $1.2 billion.

                     "The Indian government has a huge exposure to this
project through the financial
                     institutions. The governments of Japan, Belgium and US
too have a stake in the project as
                     banks and export credit agencies of these countries have
a huge exposure," he said.

The Economic Times Online
 Printed from www.economictimes.com -> home -> back

 Dabhol phase II in danger as arbitration looms

 Bodhisatva Ganguli & Girish Kuber
 MUMBAI
         THE MAHARASHTRA State Electricity Board's inability to pay the
Enron-promoted Dabhol
         Power Company is rapidly emerging as a threat to the viability of
phase II of the Dabhol
         project.

 The project involves a generating capacity of 1,400 MW and an LNG terminal
of five million tonnes.

 This is because there is an increasing possibility that the dispute over
phase I may end up in
 arbitration courts if the MSEB continues to fail to pay up and the state
government refuses to bail out
 the ailing electricity board. As a result, lenders may stop disbursing funds
for phase II.

 Enron India,s managing director K Wade Cline said on Saturday evening that
international arbitration
 was a real possibility.

 The PPA allows for arbitration in case a dispute cannot be resolved through
negotiations. Enron
 officials say they have made no headway so far in talks with the MSEB or the
state government.
 Enron is also considering invoking the letter of credit and the state
government guarantee in order to
 recover its dues.

 We have no alternative since if we don,t get paid, then our lenders are
saying that they won,t fund
 phase II, Cline said. If the Maharashtra government does not pay then the
central government,s
 counter-guarantee could be invoked.

 At a meeting on Friday evening, the MSEB is reported to have asked the state
government to provide
 it a subsidy of Rs 130 crore per month. However, the Maharashtra Chief
Minister, Vilasrao Deshmukh
 is said to have flatly rejected MSEB,s request.

 The Maharashtra cabinet is meeting again on Monday evening. The cabinet will
also discuss the
 formation of a committee to review the project.

 The lenders to the project are meeting in New York on Tuesday, January 9, to
take stock of the
 situation arising out of MSEB,s failure to pay part of the bill for October
and the entire bill for November
 amounting to a total of Rs 262 crore.

 The project,s lenders are reported to be extremely concerned about the
viability of the second phase of
 the project in view of MSEB,s failure to pay for power bought from the first
phase.

 Cline said that of the total second phase project cost of $1.89 billion only
about $400 million of debt
 remained to be disbursed. About 80 per of the construction is complete and
95 per cent of the
 machinery is on site.

 , The Economic Times Online. All rights reserved.


Rep Scott McGinnis (colo) told Ken that he would like to be briefed on the
California and broader energy situation so that he can speak out on the issue.
Also, don't forget that we need to go see your buddy Newt!


Here is today's copy of Bloomberg Power Lines. Adobe Acrobat Reader is
required to view the attached pdf file. You can download a free version
of Acrobat Reader at
   http://www.adobe.com/products/acrobat/readstep.html

If you have trouble downloading the attached file it is also located at
   http://www.bloomberg.com/energy/daily.pdf

Don't forget to check out the Bloomberg PowerMatch West Coast indices, the
most accurate indices anywhere. Index values are calculated from actual trades
and can be audited by all PowerMatch customers.

Our aim is to bring you the most timely electricity market coverage in the
industry and we welcome your feedback on how we can improve the product further.

Bloomberg Energy Department

06/06 Bloomberg Daily Power Report

Table

                      Bloomberg U.S. Regional Electricity Prices
      ($/MWh for 25-50 MWh pre-scheduled packages, excluding transmission costs)

                            On-Peak
West Coast                   Index       Change       Low         High
 Mid-Columbia                52.00       -8.00       49.00       60.00
 Ca-Or Border                60.00       -8.33       55.00       65.00
 NP15                        51.80       -23.47      45.00       60.00
 SP15                        64.79       -13.94      54.00       88.00
 Ault Colorado               52.50       -2.50       54.00       88.00
 Mead                        77.50       -2.50       70.00       85.00
 Palo Verde                  78.57       -13.11      62.00       105.00
 Four Corners                72.50       -18.50      70.00       75.00

Mid-Continent
 ECAR                        28.87       +4.74       26.71       30.00
  East                       30.00       +5.00       29.00       31.00
  AEP                        29.83       +5.91       25.00       32.00
  West                       27.17       +3.92       25.00       28.00
  Central                    27.31       +4.10       25.00       28.00
  Cinergy                    27.31       +4.10       25.00       28.00
  South                      28.00       +3.15       27.00       29.00
  North                      32.50       +7.00       31.00       34.00
 Main                        28.29       +3.65       26.00       31.25
  Com-Ed                     27.08       +3.81       25.50       28.50
  Lower                      29.50       +3.50       26.50       34.00
 MAPP                        23.92       +2.02       22.00       27.00
  North                      22.33       +1.66       20.00       27.00
  Lower                      25.50       +2.37       24.00       27.00

Gulf Coast
 SPP                         28.13       +3.13       26.50       30.13
  Northern                   24.25       +2.25       22.00       27.25
 ERCOT                       35.95       -2.68       35.50       36.50
 SERC                        34.84       +1.38       33.30       36.51
  Va Power                   33.50       +4.50       33.00       34.00
  VACAR                      32.00       +3.60       31.50       32.50
  Into TVA                   28.00       +3.15       27.00       29.00
  Out of TVA                 31.90       +3.13       30.99       33.05
  Entergy                    34.11       +0.42       33.60       35.00
  Southern                   38.50       +1.00       37.00       40.00
  Fla/Ga Border              45.83       -6.17       40.00       52.00
 FRCC                        60.00       -2.13       55.00       65.00

East Coast
 NEPOOL                      34.40       +0.35       34.25       35.00
 New York Zone J             48.50       -1.50       47.00       50.00
 New York Zone G             40.50       +1.70       39.50       42.50
 New York Zone A             28.63       +0.88       28.25       29.00
 PJM                         28.85       +1.25       28.25       29.75
  East                       28.85       +1.25       28.25       29.75
  West                       28.85       +1.25       28.25       29.75
  Seller's Choice            28.35       +1.25       27.75       29.25
End Table

Western Power Prices Continue To Fall Amid Increased Supply

     Los Angeles, June 6 (Bloomberg Energy) -- Day-ahead power
prices continued to fall today for Thursday parcels, as supply
continues to out-strip supply, traders said.
     The California Independent System Operator reported 6,247.89
megawatts of generation that was curtailed in California for
planned and unplanned maintenance, a decline of 49.9 percent from
a month ago.
     The Bloomberg Mid-Columbia day-ahead heavy load index price
slipped $8.00 a megawatt-hour to $52.00 amid trades at $49.00-
$60.00.  Off-Peak power fell $1.61, with trades completed from
$30.00-$35.00.
     According to Lexington, Massachusetts-based Weather Services
Corp., temperatures in San Francisco were expected to peak today
at 70 degrees Fahrenheit and fall 3 degrees tomorrow to 67
degrees.
     Forecasters expect temperatures in the Pacific Northwest
would average 4.3 degrees below normal and remain normal in the
Southwest over the next 6-10 days.
     At the NP-15 delivery point in Northern California, peak
power declined 30.6 percent from yesterday, with trades completed
at $50.00-$55.00, to a Bloomberg index at $52.25.
     "Prices are continuing to fall as dams are still generating
electricity from mountain run-off and generation is looking
healthier in California, topped with normal weather conditions,''
said one Northwest trader.
     At the SP-15 delivery point in Southern California peak
power declined $14.46 to a Bloomberg index low for the year at
$64.27, with sales completed at $54.00-$85.00, a decline of 84.2
percent from the average price for electricity during the week of
May 7.
     In the Southwest, power prices sank an average of $13.03 at
the Palo Verde switchyard to a Bloomberg average of $78.65 amid
trades in the $62.00-$105.00 range.
     Traders said they don't expect prices to remain this low.
Eventually power prices will firm up. There will be no more
snowmelt and temperatures will increase.

-Robert Scalabrino

PJM Spot Power Prices Rise With Higher Marginal Pool Rates

     Philadelphia, June 6 (Bloomberg Energy) -- Next-day power
prices in the Pennsylvania-New Jersey-Maryland Interconnection
rose again today on continued support from higher locational
marginal pool rates, traders said.
     While technical problems with the PJM software application
made LMPs unavailable during this morning's trading session,
traders said $40 prices seen yesterday afternoon were substantial
enough to carry through previous gains.
     Repairs to the "eSuite" system later revealed morning peaks
as high as $35.00, and an overnight spike of $107.00.
     On-peak power scheduled for Thursday delivery to the Western
Hub of PJM was assessed at a Bloomberg volume-weighted index of
$28.85 per megawatt hour, up $1.25 from yesterday.
     Today's move marked the fourth consecutive increase in day-
ahead values, though cumulative gains amounted to only $5.22, or
22.1 percent.
     Some marketers suggested prices were pushed higher to serve
as a cushion against an expected pull from today's American Gas
Association storage report, rather than as a function of
fundamental drivers.
     Analysts and traders surveyed by Bloomberg estimated on
average that U.S. working natural gas inventories increased 98
billion cubic feet during the week ended June 1. Estimates ranged
from 85 to 115 billion cubic feet injected.
     "A lot of people are anticipating a triple-digit injection
number," said one Northeast power trader. "Electricity has been
very closely tied to natural gas these past couple of weeks. So if
that number does in fact come in as high as expected, it's going
to have a bearish effect that will ripple throughout the power
markets."
     In the over-the-counter market, next-week packages sold $3.00
higher on revised weather forecasts. Parcels for June 11-15 were
discussed at $40.00-$41.00, compared to $37.00-$38.00 yesterday.
According to Weather Derivatives Corp. of Belton, Missouri,
temperatures in the Northeast will average 4.9 degrees Fahrenheit
above normal over the next 6-10 days. The weather forecaster
predicted yesterday, temperatures for the equivalent period would
average 2.4 degrees below normal.
     New England and New York day-ahead prices also moved higher,
though traders couldn't identify any fundamental reasons that
might have prompted those increases.
     "Gains made in New York and New England have to be financial,
possibly an attempt to narrow the spreads to PJM," one trader
said. "Next week should bring with it some warmer weather, but
there's absolutely nothing bullish about tomorrow's forecast."
     New England dailies were assessed 35 cents higher at an index
price of $35.90, while New York's Zones A and G were valued 88
cents and $1.70 higher, respectively, at $30.13 and $42.00
indices.

-Karyn Rispoli

Midwest Power Prices Rise With Transmission Concerns, Weather

     Cincinnati, June 6 (Bloomberg Energy) -- Peak next-day power
prices climbed today in the Mid-Continent U.S. as transmission
constraints surfaced in the East Central Area Reliability Council
and warmer weather was forecast in the southern Plains.
     ECAR traders said Transmission Line Loading Relief (TLR)
measures, which began in several areas this morning because of
the large amount of power being moved south from yesterday's
transactions, drove up hourly and day-ahead prices on concerns
they could continue tomorrow.
     The Bloomberg index price for power delivered Thursday into
the Cincinnati-based Cinergy Corp. transmission system climbed
$4.10 to $27.31 a megawatt-hour, with trades ranging from $26.50
up to $28.00.
     In Mid-America Interconnected Network trading, prices for
peak power at the Chicago-based Commonwealth Edison hub rose in
line with the Cinergy market, up $3.81 on average at $26.50-
$28.50. Power in lower MAIN sold $3.50 higher at $26.50-$34.00.
     MAIN traders said the ComEd market tracked prices at the
Cinergy hub and should continue to do so into next week, since
warmer weather was expected in Cincinnati than in Chicago.
     In the over-the-counter market, short-term prices rose today
as weather forecasts were revised warmer. Cinergy parcels for
delivery from June 11-15 were offered at $41.50, up from $37.25
late yesterday.
     Belton, Missouri-based Weather Derivatives Inc. predicted
high temperatures in Cincinnati would average 5 degrees
Fahrenheit above normal 6-10 days from now, compared to 2 degrees
below normal for that period yesterday.
     "Next week's still overvalued, even if it does warm up," one
ECAR trader said. "The entire market's long, and it'd have to be
over 85 for a week or so to see any heat buildup. I think $35 is
more than likely where dailies will be, not $40."
     Day-ahead peak power prices also rose in the Mid-Continent
Area Power Pool, trading up $1.66 in northern MAPP at $20.00-
$27.00 and up $2.37 at $24.00-$27.00 in the southern half of the
region.
     MAPP traders said forecasts for temperatures to reach 80
degrees in Nebraska pulled southern prices up, while sales to the
south and the higher-priced eastern hub markets pulled northern
values higher.
     They said the market could move up again tomorrow if
temperatures reach expected levels in southern MAPP.

-Ken Fahnestock

Most Southeast Power Prices Rise With Warmer Weather

     Nashville, Tennessee, June 6 (Bloomberg Energy) -- Most U.S.
Southeast spot electricity prices for delivery tomorrow rose
because of increased weather-related demand, traders said.
     Electricity parcels for delivery into the Tennessee Valley
Authority transmission grid traded at $27.00-$29.00 a megawatt-
hour, with the Bloomberg index price up $3.15 to $28.00.
     According to Weather Services Corp., of Lexington
Massachusetts, temperatures in Nashville were forecasted to peak
at 86 degrees Fahrenheit today and 83 degrees tomorrow.
     Forecasters predict temperatures in the Southeast to be 2.4
degrees above normal over the next 6-10 days.
     The Bloomberg Southeast regional average price increased
$1.38 a megawatt-hour from yesterday to a Bloomberg index of
$34.84 amid trades at $26.75-$29.00.
     "Prices are increasing as temperatures are rising causing
air conditioning load to boost,'' said one Southeast trader.
     On the New Orleans-based Entergy Corp. grid, peak power for
Wednesday delivery traded at $33.60-$35.00 and averaged $34.11,
42 cents higher than yesterday.
     In the Southern section of the Southwest Power Pool, peak
power increased $4.00 to a Bloomberg index of $32.00, with sales
completed at $31.00-$33.00.

-Robert Scalabrino

U.K. Spot Power Prices Drop as Major Players Sell Contracts

     London, June 6 (Bloomberg Energy) -- Power prices in the U.K
fell today on robust selling by several major players, traders
said.
     Day-ahead baseload was assessed at 17.50 pounds a megawatt-
hour, which was down 1.25 pounds or almost 7 percent from
yesterday.
     Although the majors sold contracts at lower levels, traders
reported strong buying support at those prices, preventing prices
from falling further.
     Weekend baseload power traded four times today between 16.60-
16.80 a megawatt hour, down 40 pence from yesterday.
     Winter 2001 electricity traded actively from the start of
trade, falling steadily from this morning at 21.57 pounds to 21.53
pounds, before dropping to trade at 21.40 pounds a megawatt hour
this afternoon.

-Armorel Kenna

Nordic Power Closes at Record Highs on Winter Supply Worries

     Lysaker, Norway, June 6 (Bloomberg Energy) -- Electricity
seasonal contract prices on the Nordic Power Exchange in Lysaker,
Norway, reached record highs today following renewed buying
interest for seasonal structures because of expected hydro-supply
shortages next winter, traders said.
     Winter-2, 2001 closed at an all-time high of 222.00 Norwegian
kroner a megawatt-hour after 394.00 megawatts were exchanged, up
1.50 kroner. Winter-1, 2002 jumped 3.50 kroner to close at a
record high of 227.50 kroner a megawatt hour, with 203.00
megawatts traded.
     "Yesterday the market sent a very clear technical buying
signal when year 2002 contracts closed at an all-time high of
191.75 kroner a megawatt-hour,'' a trader said, adding expected
winter supply shortages were affecting prices of yearly
structures.
     Today, year 2002 forwards rose further to a new record high
of 194.00 kroner a megawatt-hour, up 2.25 kroner.
     The larger gain by winter-1, 2002 than that of winter-2, 2001
came after worries of limited hydro-supply shifted from the last 3
months of 2001 to the first 4 months of 2002, a Trondheim, Norway-
based trader said earlier today.
     While abundant precipitation between September and November
could offset the limited effect that scarce snowmelt has had on
reservoirs this year, participants remained concerned that
increased power consumption for space heating between January and
April would render hydro-supply insufficient.
     On May 4, winter-2, 2001 closed at 206 kroner a megawatt-
hour, 1 kroner higher than winter-1, 2002, which closed at 205
kroner a megawatt-hour. "The spread between the 2 winter contracts
has now reversed from an unusual situation where winter-2, 2001
was valued higher than winter-1, 2002 a few week ago,'' another
trader said.
     Across Scandinavia, rainfall was forecast to remain above
average over the next 5 days, according to Weather Services Corp.
in the U.S. Still, actual precipitation was unlikely to even reach
normal levels, traders said.
     At the end of week 22, Norwegian dams rose in line with
expectations by 4.5 percent to 46.8 percent of total capacity,
equivalent to 38,265 gigawatt-hours generation, compared to 63.5
percent of total capacity or 51,918 gigawatt-hours at the same
time last year, according to Statistics Norway.
     Swedish reservoirs climbed 3.5 percent at the end of week 22,
to 49.8 of total capacity, compared to 61.9 percent a year ago,
according to the Swedish Power Association.
     Thursday's spot price unexpectedly rose 8.96 kroner to 222.83
kroner a megawatt-hour "because producers wanted to show that they
were presently in control of prices,'' a trader said.
Still, producers were reported "comfortable'' selling at
current "high'' prices, another trader said earlier today.
     Week 24 and week 25 rose 2.00 kroner. Week 24 closed at
212.00 kroner a megawatt-hour, while week 25 climbed to 207.75
kroner a megawatt-hour.
     A total of 3,301 gigawatt-hours generation traded on the
Nordic Power Exchange today, up from yesterday's 1,317 gigawatt-
hours.

-Alejandro Barbajosa
-0- (BES) Jun/06/2001 19:53 GMT

 - daily.pdf


PLEASE DO NOT USE THE VERSION THAT IS ON THE WEBSITE AS OF 3:30 PM FRIDAY, OCTOBER 26TH.  WE ARE MAKING REVISIONS TO MAKE THE OCTOBER MONTH COMPARISON TO THE 3RD CURRENT ESTIMATE INSTEAD OF THE 4TH QTR FORECAST.  WE WILL HAVE A REVISED COPY AVAILABLE LATE TODAY OR EARLY MONDAY, OCTOBER 29TH.  SORRY FOR THE DELAY!!!

If you have any questions, please call John Keiser, Ext. 33138.


I have arranged for the phone bridge for the meeting referenced.

We only have 2 lines for the call.

Both the Portland and San Francisco office should dial: 804/225-4063 to join
the call.

In Portland we have reserved the Cascade conference room to take the call.

The meeting begins at 6:00am Pacific Time.

Attached is the Panel list.

Lysa Akin
503/464-7927
---------------------- Forwarded by Lysa Akin/PDX/ECT on 11/08/2000 03:23 PM
---------------------------

Mary Hain
11/07/2000 08:48 AM
To: Lysa Akin/PDX/ECT@ECT
cc:
Subject: FYI

I guess we would like the phone bridge for this.  Please find out how much it
costs per line.
---------------------- Forwarded by Mary Hain/HOU/ECT on 11/07/2000 08:56 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Nancy Pickover" <npickover@bracepatt.com>
11/07/2000 08:09 AM

To: <Christi.L.Nicolay@enron.com>, <jhartso@enron.com>,
<marcie.milner@enron.com>, <mary.hain@enron.com>, <smara@enron.com>,
<snovose@enron.com>
cc:
Subject: FYI

November 9, 2000:  The Capitol Connection will broadcast via the Internet &
Phone Bridge of the FERC Conference  on November 9, 2000 from 9:00 am - 5:00
pm ET.  PLEASE NOTE:  The video feed will change to AUDIO ONLY starting at
3:15 pm until the conclusion of the meeting, due to circumstances beyond our
control.


AB955, which extends the system benefit monies beyond 2002 to promote
renewable energy, directs the California Energy Commission ("CEC") to submit
a draft report to the legislature on the allocation of monies between the
various renewable energy programs.  The draft report recommends that the
customer credit program be allocated 25% ($33.75 million per year through
2006 and $168.57 total) of the funds on an annual basis for 2002-2006.
(Under the current bill, AB 1980, the customer credit program started at 8%
and will end this year w/ 20% of the allocated funds.)  Our verbal and
written comments asked the CEC to recommend allocation at least 25% of the
funds to the customer credit program, and to keep the allocation the same
over the years to provide clear market signals.   While this is still in
draft form, it is unlikely that the CEC will change their recommended
allocation.

Also outlined in the draft are the following:
1. The method for reimbursement will remain the same.
2. The credit cannot exceed 1.5 cents p/kWh.
3. Currently only in-state generation is eligible for the customer credit.
The Committee is considering allowing out-of-state generation for
eligibility, provided it is connected to the WSCC grid.
4. Nonresidential and non small commercial customers will be limited to the
1,000 annual cap.  The fund for large commercial and industrial customers is
restricted to 20% of the funds over the 5 year period covered.

The CEC is asking for comments on the draft (deadline next Tuesday).  I am
concerned about the impact the restriction of 20% for large commercial and
industrial customers will have on EES' book.   If this restriction will
negatively impact EES' business, we should submit comments on this point.
Richard, let's discuss some time today or tomorrow.

Stacey

----- Forwarded by Stacey Bolton/NA/Enron on 01/02/2001 10:15 AM -----

	Stacey Bolton
	10/03/2000 12:23 PM

		 To: Richard Ring/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Heather
Mitchell/HOU/EES@EES, Marianne Castano/HOU/EES@EES, Luis Derrota/HOU/EES@EES,
Allison McHenry/HOU/EES@EES, George Phillips/HOU/EES@EES, Derenda
Plunkett/HOU/EES@EES, cmckalip@yahoo.com
		 cc: Michael Terraso/OTS/Enron@ENRON, Jeffrey Keeler/Corp/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, Mona L Petrochko/SFO/EES@EES
		 Subject: Customer Credit Extended

Wanted to let you know that AB995 which extends the customer credit
subaccount (collection of nonbypassable system benefit charge to go through
1/1/12) was passed by both the CA Assembly and Senate, and was signed into
law by the Governor on 9/30.  Attached below is a link to the bill (click on
enrolled version).

The exact amount and allotment per year of the customer credit are to be
determined.
Stacey

http://www.assembly.ca.gov/acs/acsframeset2text.htm


To whom it may concern: I need the Microsoft outlook web access icon downloaded to my computer

	thanks michael.yowman@enron.com


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

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

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

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

I have been thinking alot about this per transaction thing.

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

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

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

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

Your thoughts?

GP

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

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

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

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

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

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

Thanks

Louise

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

Louise,

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

Date			Time		Location	Revised Group			Revised Attendees

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

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

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

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

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


Scott,

Your name was given to me as the Representative for Alok Garg, he is being
promoted from an Associate to a Manager, per Boris Brevnov. If you need
further information please call me at 5-8162.

Thank you

Elisa Tamez


P.S. I changed this deal to FPL.

	From:  Sharen Cason                           04/20/2001 02:55 PM

To: Kate Symes/PDX/ECT@ECT
cc: Kimberly Hundl/Corp/Enron@Enron, Amy Smith/ENRON@enronXgate

Subject: #587574

Can you check with the trader on this deal.  We have had to change several
deals input with this CP name.  I believe it should be FPL Energy Power Mktg.
not  Florida Power & Light Company.  I think one is a utility which would be
local and one is a marketer, who can trade anywhere.

Thanks!


User ID:  enronuslw
PW:       bnaweb22

 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON
Sent:	Monday, November 19, 2001 11:41 PM
To:	BNA Highlights
Subject:	Nov. 20 -- U.S. Law Week's Case Alert

______________________________

THE U.S. LAW WEEK'S CASE ALERT
Highlights & Table of Contents
November 20, 2001
______________________________

ISSN 1522-4317

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

NINTH CIRCUIT USES EIGHTH AMENDMENT PROPORTIONALITY TEST TO
VOID NONCAPITAL SENTENCE IMPOSED UNDER CALIFORNIA'S THREE
STRIKES LAW

Prison terms, imposed under California's "Three Strikes"
law, that will ensure at least 50 years of incarceration for
a nonviolent recidivist convicted of petty theft violate the
Eighth Amendment, the Ninth Circuit declares. The court
finds the sentence grossly disproportionate to the gravity
of the defendant's property crimes and to comparable
sentences in other jurisdictions.

The Three Strikes law imposes a minimum 25-year sentence
without parole for any third felony offense by a defendant
with at least two prior convictions for "serious" or
"violent" felonies. The court cites several problems with
the statute, including that the triggering felony need not
be serious or violent, the prior strikes need not be violent
offenses, and there is no time period after which prior
convictions will no longer be counted as strikes. . . . Page
1294

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2a9x1_

FRAUD ON COURT, AS OPPOSED TO FRAUD ON PTO, MAY NOT SERVE AS
GROUND FOR HOLDING PATENT UNENFORCEABLE, FEDERAL CIRCUIT
SAYS

Litigation misconduct by a patentee may be the basis for
dismissing a particular patent infringement suit but not for
finding the patent unenforceable, the Federal Circuit holds.
"Litigation misconduct, while serving as a basis to dismiss
the wrongful litigant, does not infect, or even affect, the
original grant of the property right," the court reasons.

The court distinguishes fraud on the court from inequitable
conduct before the Patent and Trademark Office in obtaining
the patent, which taints the patent itself and renders it
unenforceable by any party. The court disavows broad dicta
in a 1990 decision indicating that patents may be held
"unenforceable due to unclean hands." . . . Page 1298

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x9z9j0_

PUNITIVE DAMAGES MEGA-AWARD IN EXXON VALDEZ CASE REVERSED BY
NINTH CIRCUIT AS UNCONSTITUTIONALLY EXCESSIVE

The $5 billion punitive damages award to commercial
fishermen injured by the "Exxon Valdez" oil spill is
unconstitutionally excessive, the Ninth Circuit rules. The
award is disproportionate to the $287 million compensatory
damages incurred by the plaintiffs, to potential criminal
and civil penalties, and to the $125 million restitution and
penalty settlement with federal and state authorities, the
court finds.

The unprecedented 1995 award was entered before the U.S.
Supreme Court spelled out the due process constraints on the
magnitude of punitive damages in "BMW v. Gore". Applying the
"Gore" standards, the Ninth Circuit concludes that the
district court did not properly take into account the purely
economic nature of the harm incurred by the plaintiffs, the
unintentional character of the accident, or the mitigating
actions undertaken by Exxon. . . . Page 1301

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8q1y4_

_____________

IN THIS ISSUE
_____________

A complete topical index of Case Alert.

ATTORNEYS: A lawyer sued for negligently supervising a
lawyer-employee who bilked clients is not protected by state
statutes shielding lawyers from liability to those not in
privity of contract with them, the Arkansas Supreme Court
holds. . . . Page 1291

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2t4m1_

BANKING: A National Credit Union Administration rule
allowing family members of a group member to join multiple
common bond credit unions without counting against the
statutory 3,000-member limit for such credit unions is
consistent with the recent changes to the Federal Credit
Union Act, the D.C. Circuit holds. . . . Page 1292

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y0y8g7_

BANKRUPTCY: A bankruptcy debtor whose interest in his
ex-spouse's individual retirement account arose through a
marriage dissolution decree, not from his own employment,
cannot make use of Minnesota's exemption for IRA funds, the
Eighth Circuit Bankruptcy Appellate Panel decides. . . .
Page 1292

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x7f2y9_

CRIMINAL LAW: A Virginia statute that bars the burning of a
cross with the intent of intimidating any person or group
selectively prohibits speech on the basis of content and is
overbroad in violation of the First Amendment, the Virginia
Supreme Court declares. . . . Page 1293

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2a9u8_

CRIMINAL LAW: The imposition of two consecutive
25-years-to-life sentences under California's "Three
Strikes" law upon a nonviolent recidivist convicted of petty
theft violates the Eighth Amendment's protection against
disproportionate sentences, the Ninth Circuit determines. .
. . Page 1294

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2a9x1_

ENVIRONMENT: CERCLA generally does not preempt a local
ordinance authorizing a California city to investigate and
remediate hazardous waste contamination of its soil and
ground water, the Ninth Circuit finds. . . . Page 1295

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x3w7b1_

FAMILY LAW: A parent's use of deception to establish "home
state" jurisdiction in a child custody dispute is
"reprehensible conduct" for which the court may decline
jurisdiction under the Uniform Child Custody Jurisdiction
Act, the Maryland Court of Special Appeals holds in a case
of first impression. . . . Page 1296

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8n7r5_

MASS MEDIA: Arizona restrictions on the sale of material
"harmful to minors" from vending machines withstand First
Amendment strict scrutiny, the Arizona Court of Appeals
rules. . . . Page 1297

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x6v0b7_

PATENTS: A federal court exceeded its authority in ruling a
patent unenforceable due to the patentee's litigation
misconduct, the Federal Circuit concludes. . . . Page 1298

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x9z9j0_

PUBLIC CONTRACTS: An executive order restricting project
labor agreements on federal or federally assisted
construction projects is not supported by constitutional or
statutory authority and is preempted by the National Labor
Relations Act, a federal court in the District of Columbia
holds, permanently enjoining enforcement of the order. . . .
Page 1299

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8p2g3_

TAXATION: The Federal Circuit upholds 1993 federal estate
tax legislation that retroactively increased the estate tax
rate on taxable estates over $3 million from 50 to 55
percent. . . . Page 1300

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x6e2c3_

TORTS: The Ninth Circuit reverses the $5 billion punitive
damages award levied in the "Exxon Valdez" oil spill tort
suit as excessive in violation of due process. . . . Page
1301

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8q1y4_

TRADE REGULATION: A Vermont statute that requires labeling
of mercury-containing consumer products does not likely
violate the commerce clause or the First Amendment as
applied to light bulbs, the Second Circuit decides. . . .
Page 1302

http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y1f5j9_

CASES IN BRIEF : . . . Page 1303

______________

TABLE OF CASES
______________

American Bankers Association v. National Credit Union
Administration (D.C. Cir.) . . . Page 1292
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y0y8g7_

Anderson v. Seaver (In re Anderson) (B.A.P. 8th Cir.) . . .
Page 1292
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x7f2y9_

Andrade v. Attorney General of California (9th Cir.) . . .
Page 1294
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2a9x1_

Aptix Corp. v. Quickturn Design Systems Inc. (Fed. Cir.) . .
. Page 1298
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x9z9j0_

Baker v. Hazelwood (In re Exxon Valdez) (9th Cir.) . . .
Page 1301
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8q1y4_

BankAmerica Corp. Securities Litigation, In re (8th Cir.) .
. . Page 1303
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x7k4j8_

Black v. Commonwealth (Va.) . . . Page 1293
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2a9u8_

Building and Construction Trades Department, AFL-CIO v.
Allbaugh (D.D.C.) . . . Page 1299
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8p2g3_

Chavez v. Whirlpool Corp. (Cal. Ct. App.) . . . Page 1303
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x7y6p8_

Doe v. Department of Public Safety (2d Cir.) . . . Page 1303
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y1k0y4_

Ferrell v. Harvard Industries Inc. (E.D. Pa.) . . . Page
1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2e9z1_

Fireman's Fund Insurance Co. v. Lodi, Calif. (9th Cir.) . .
. Page 1295
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x3w7b1_

Gruber v. Gruber (Md. Ct. Spec. App.) . . . Page 1296
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8n7r5_

Madden v. Aldrich (Ark.) . . . Page 1291
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2t4m1_

Mattice v. Memorial Hospital of South Bend (N.D. Ind.) . . .
Page 1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x7y4d9_

National Electrical Manufacturers Association v. Sorrell (2d
Cir.) . . . Page 1302
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y1f5j9_

NationsBank of Texas NA v. United States (Fed. Cir.) . . .
Page 1300
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x6e2c3_

Schiff v. Prados (Calif. Ct. App.) . . . Page 1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y2e9z4_

Special Devices Inc. v. OEA Inc. (Fed. Cir.) . . . Page 1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x7k3n2_

State v. Evenson (Ariz. Ct. App.) . . . Page 1297
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x6v0b7_

United States v. DeLuca (10th Cir.) . . . Page 1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8r0n1_

United States v. Scott (1st Cir.) . . . Page 1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x8r0m8_

United States v. Taylor (D. Minn.) . . . Page 1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4y1m3j4_

Wright v. Hanna Steel Corp. (11th Cir.) . . . Page 1304
   http://pubs.bna.com/ip/BNA/law2.nsf/id/a0a4x7k4k1_

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Hey buddy.  We are having all sorts of problems with St 30, 90% internal.
You should try to sell to someone else if possible.  Maybe Williams??


========================================================
From KHOU-TV's Dr. Neil Frank & Reliant Energy W.A.R.N. :
========================================================
WTNT24 KNHC 291433

TCMAT4

TROPICAL DEPRESSION FOURTEEN FORECAST/ADVISORY NUMBER   9

NATIONAL WEATHER SERVICE MIAMI FL   AL1401

1500Z MON OCT 29 2001

TROPICAL DEPRESSION CENTER LOCATED NEAR 28.0N  43.5W AT 29/1500Z

POSITION ACCURATE WITHIN  30 NM

PRESENT MOVEMENT TOWARD THE WEST OR 275 DEGREES AT  10 KT

ESTIMATED MINIMUM CENTRAL PRESSURE 1009 MB

MAX SUSTAINED WINDS  30 KT WITH GUSTS TO  40 KT.

12 FT SEAS...150NE 125SE  75SW 150NW

WINDS AND SEAS VARY GREATLY IN EACH QUADRANT.  RADII IN NAUTICAL

MILES ARE THE LARGEST RADII EXPECTED ANYWHERE IN THAT QUADRANT.

REPEAT...CENTER LOCATED NEAR 28.0N  43.5W AT 29/1500Z

AT 29/1200Z CENTER WAS LOCATED NEAR 27.8N  43.0W

FORECAST VALID 30/0000Z 28.4N  45.0W

MAX WIND  35 KT...GUSTS  45 KT.

34 KT... 75NE 125SE  25SW  75NW.

FORECAST VALID 30/1200Z 30.0N  46.1W

MAX WIND  40 KT...GUSTS  50 KT.

34 KT... 75NE 125SE  25SW  75NW.

FORECAST VALID 31/0000Z 32.7N  45.4W

MAX WIND  45 KT...GUSTS  55 KT.

34 KT...125NE 125SE  25SW  75NW.

REQUEST FOR 3 HOURLY SHIP REPORTS WITHIN 300 MILES OF 28.0N  43.5W

EXTENDED OUTLOOK...USE FOR GUIDANCE ONLY...ERRORS MAY BE LARGE

OUTLOOK VALID 31/1200Z 36.5N  43.0W...DISSIPATING

MAX WIND  40 KT...GUSTS  50 KT.

34 KT...125NE 125SE  25SW  75NW.

FORECAST VALID 01/1200Z...ABSORBED BY EXTRATROPICAL LOW

NEXT ADVISORY AT 29/2100Z

FORECASTER FRANKLIN

WWWW
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I am forwarding to you a paper by some UT professors.
They approached us about the possibility of licensing this technology to us.

Under the nondisclosure agreement, we have to give them an answer in 90 days
and tell them why we don't want to use it (if we decline the offer).

Please, don't circulate the paper to other members of the group without
letting them know that it's confidential and should not leave Enron.
In any case, please, let me know who else saw the paper.
We should make sure that the circulation is limited so that it does not
leak out.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/04/2000
02:29 PM ---------------------------

"Stathis Tompaidis" <Stathis.Tompaidis@bus.utexas.edu> on 08/02/2000 02:18:33
PM
To: <Vince.J.Kaminski@enron.com>
cc: "Sheridan Titman" <Sheridan.Titman@bus.utexas.edu>, "Stathis Tompaidis"
<Stathis.Tompaidis@bus.utexas.edu>
Subject: Confidential: valuation of collateralized mortgages

Dear Vince,

we have just received the signed confidentiality agreement. According to
the terms in the agreement, I am sending you an attachment with the pdf
file of the paper discussing the valuation of collateralized debt. We
would be glad to discuss further about a possible collaboration at your
convenience.

Please let me know if you have any trouble deciphering the attachment.

With best regards,
Stathis

Stathis Tompaidis
Assistant Professor
MSIS Department, CBA 5.202
McCombs School of Business
University of Texas at Austin
Austin, TX 78752-1175
Tel. 512-4715252
Fax. 512-4710587
Stathis.Tompaidis@bus.utexas.edu

 - paper.pdf


Got it

"Neil Mann" <nmann@erac.com> on 06/06/2001 08:08:14 AM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Save the Date -- Star Wars: The Magic of Myth

Please confirm receipt. I may be having e-mail problems...
I'm calling them and Red Oak this morning. I will have GR do the back yard
also. NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, June 06, 2001 7:26 AM
To: nmann@erac.com
Subject: Save the Date -- Star Wars: The Magic of Myth

Gold Rose today?
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 07:25
AM ---------------------------

From: Mark E Haedicke@ECT on 06/05/2001 01:46 PM

Sent by:  Janette Elbertson@ECT

To:   Alan Aronowitz/HOU/ECT@ECT, Michelle Blaine/ENRON@enronXgate, Sandi M
      Braband/HOU/ECT@ECT, Gail Brownfeld/Enron@EnronXGate, Robert
      Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Michelle
      Cash/HOU/ECT@ECT, Dominic Carolan/Enron@EnronXGate, Barton
      Clark/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Mary
      Cook/HOU/ECT@ECT, Nancy Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
      Ned E Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eddy
      Daniels/NA/Enron@Enron, Angela Davis/NA/Enron@Enron, Peter del
      Vecchio/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Andrew
      Edison/NA/Enron@Enron, Roseann Engeldorf/Enron@EnronXGate, Shawna
      Flynn/HOU/ECT@ECT, Robert H George/NA/Enron@Enron, Barbara N
      Gray/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON, Wayne
      Gresham/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Jeffrey T
      Hodge/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Dan J
      Hyvl/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Cheryl
      Lindeman/ENRON@enronXgate, Dan Lyons/HOU/ECT@ECT, Kay
      Mann/Corp/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Lisa
      Mellencamp/HOU/ECT@ECT, Janet H Moore/HOU/ECT@ECT, Harlan
      Murphy/NA/Enron@Enron, Julia Murray/HOU/ECT@ECT, Cheryl
      Nelson/NA/Enron@Enron, Gerald Nemec/HOU/ECT@ECT, Marcus
      Nettelton/NA/Enron@ENRON, Francisco Pinto
      Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Portz/HOU/ECT@ECT,
      Coralina Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael A
      Robison/HOU/ECT@ECT, Daniel R
      Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth
      Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Frank
      Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance
      Schuler-Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Carlos
      Sole/NA/Enron@Enron, Carol St Clair/HOU/ECT@ECT, Lou
      Stoler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila
      Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, John
      Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Randy
      Young/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT, Kimberlee A
      Bennick/HOU/ECT@ECT, Martha
      Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Sarah
      Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Genia
      FitzGerald/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT, Diane
      Goode/NA/Enron@Enron, Linda R Guinn/HOU/ECT@ECT, Marie
      Heard/NA/Enron@Enron, Ed B Hearn III/HOU/ECT@ECT, Mary J
      Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Kathleen
      Carnahan/Enron@EnronXGate, Deb Korkmas/HOU/ECT@ECT, Laurie
      Mayer/HOU/ECT@ECT, Matt Maxwell/Corp/Enron@ENRON, Mary
      Ogden/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Debra
      Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, Kay
      Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT, Samantha
      Ferguson/NA/Enron@Enron, Majed Nachawati/NA/Enron@Enron, Suzanne
      Adams/HOU/ECT@ECT, Connie
      Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margaret
      Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keegan
      Farrell/NA/Enron@Enron, Nita Garcia/NA/Enron@Enron, Carolyn
      George/Corp/Enron@ENRON, Esmeralda Gonzalez/ENRON@enronXgate, Vanessa
      Griffin/ENRON@enronXgate, Martha Keesler/ENRON@enronXgate, Holly
      Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, MaryHelen
      Martinez/NA/Enron@Enron, Taffy Milligan/HOU/ECT@ECT, Rae
      Meadows/ENRON@EnronXgate, Linda J Simmons/HOU/ECT@ECT, Becky
      Spencer/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Stephanie
      Truss/Enron@EnronXGate, Alice Wright/NA/Enron@Enron, Theresa
      Zucha/NA/Enron@Enron, Reginald Shanks/HOU/ECT@ECT, Claudia
      Meraz/HOU/ECT@ECT
cc:

Subject:  Save the Date -- Star Wars:  The Magic of Myth

(Embedded image moved to file: pic14413.pcx)                      (Embedded
image moved to file: pic16641.pcx)

               (Embedded image moved to file: pic19855.pcx)

                      The Museum of Fine Arts Houston

               (Embedded image moved to file: pic24855.pcx)


The plaintiffs atty--Patricia Whatever has been against me in two cases. She
sued GroupMac in one case and Enron in another. One day I'm sitting at the
house on Tosca when the phone rings. Its her. She must have seen my name on a
list of residents. She starts pumping me for info:Have you seen this dog on
the loose in the area before. Now mind you when I was younger,slimmer and
with less kids, I was in the yard all the time. I knew the stray dogs. I told
her I had never seen their dog loose before and in fact I didn't know they
had a dog. Needless to say I never heard from her again.


Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Harris, Steven
Sent:	Friday, April 27, 2001 2:35 PM
To:	Robertson, Audrey
Subject:	Here is the Attachment

Please forward to the group.
---------------------- Forwarded by Steven Harris/ET&S/Enron on 04/27/2001 02:34 PM ---------------------------

Estalee Russi
04/27/2001 11:56 AM
To:	Lynn Blair/ET&S/Enron@ENRON, Barney Brasher/Enron@EnronXGate, Morris Brassfield/OTS/Enron@ENRON, David Clements/Enron@EnronXGate, Elaine Concklin/ET&S/Enron@ENRON, Shelley Corman/Enron@EnronXGate, Rick Dietz/ET&S/Enron@ENRON, Larry Fenstad/OTS/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Robert Hayes/FGT/Enron@ENRON, Steven January/ET&S/Enron@ENRON, Robert Kilmer/Enron@EnronXGate, Danny McCarty/ET&S/Enron@Enron, Sheila Nacey/ET&S/Enron@ENRON, Shirley Jo Dickens-Wilson/Enron@EnronXGate, Mike W McGowan/Enron@EnronXGate
cc:

Subject:	Here is the Attachment

<Embedded Picture (Device Independent Bitmap)>


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

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

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter1-8-02.pdf


great.  you going to the game?

	Cameron Sellers <cameron@perfect.com>
	11/03/2000 01:36 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc: "'Scott Laughlin'" <scottwl@hotmail.com>
		 Subject: RE:

Yes.  Sunday will probably be better (as long as it doesn't conflict with
49ers).

I have got Mike & Lisa and Renee & Doug and Sean & Molly so far.

I have not heard back from Steve or Ed (both emails and phone).  I will have
to send another request.  Damn.

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

 -----Original Message-----
From:    Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent:   Friday, November 03, 2000 11:28 AM
To:   cameron@perfect.com
Subject:

are you and scott available this weekend to look at the place i'm thinking
about renting in stinson for prentice's birthday?


Larry Jester
Enron Power Marketing Inc.
Phone:  713-853-5266
Fax:      713-646-8272


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
04:07 PM ---------------------------

ERisk <eRisks_news@email.eRisks.com> on 04/06/2001 11:11:05 AM
To: vkamins@enron.com
cc:
Subject: ERisk Essentials

?		www.erisk.com
		What's  New at ERisk.com - 06  April 2001

Weekly  Review	This  week's economic, banking and P_insurance news, from an
enterprise  risk management perspective. Read it here  ...

Analysis
	? How the New Economy aided and abetted the economic  downturn
	? State or federal regulation? Banks and  insurers slug it out
	? Credit risk concentration hits the  interest-rate swaps market

Feature	Why do some ART products fare better than others? Credit  insurance,
for example, has taken off while the securitisation of catastrophe  risk has
struggled. In this feature,  Sanford Bernstein analysts Todd Bault and
Timothy Connor suggest that the  secret of success lies in matching different
kinds of risk to their appropriate  owners - and that insurers' expertise in
handling basis risk makes this a  potentially lucrative market. Also still
available: Penny Cagan on  Basle's treatment of operational risk.

iConference
	Looking for an overview of economic capital? Attend our iConference
"Practical Considerations  in Measuring Economic Capital" on April 11. Read
more about it and  register for the iConference.
	Still available: Slides and a summary of the  Credit Derivatives iConference.

Links	Need to find educational material  on the Web? Looking for a software
vendor, a regulator or an exchange? Find  hundreds of links to other risk
management sites and resources in our Links  section

		The  ERisk Essentials is published every Friday by ERisk.com.
		To subscribe to this newsletter, please register  on our website.
		To unsubscribe, access your  account. Your username is the email address
where you received this  message.
		To be reminded of your password, or to reset it, follow this  link.


Bill,

Attached for your review are the following documents:

1)  Form of confirmation for an option
2)  Form of General Terms and Conditions to the confirmation (called Annex A)
3)  Draft form of legal opinion

Please call Sara Shackleton at 713-853-5620 at your convenience to discuss
these documents.

Stephanie Panus
Sr. Legal Specialist
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490


Here is the last one.

----- Forwarded by Gerald Nemec/HOU/ECT on 03/19/2001 04:48 PM -----

	Brant Reves/ENRON@enronXgate
	03/19/2001 04:43 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Georgia Blanchard/HOU/ECT@ECT
		 Subject: AEP physical worksheet

Gerald,

Here is the first credit worksheet for terms to the draft Sempra contract.
Once you prepare the draft, e-mail it to me, and I will forward it to BGML.
After that, we can get the contact and address information to formally pursue
a negotiation.

thanks
brant


Thank you for changing lives.

Employee ID:  90014932
Name:  James E Schwieger
Payment Amount:  3000.00
Payment Method:  Deduct a portion from each paycheck
Leadership Giving Roster:  Listed at the Chairman's Club - Gold Level
Make a Difference Club:  Continuing Member
Mailing Address:
6802 PEBBLE BEACH DR
HOUSTON , TX  77069
US
Your donation is designated for:  United Way of the Texas Gulf Coast
Written Acknowledgement of Contribution:  Yes

	"You will find, as you look back on your life, that the moments that
stand out are
	the moments when you have done things for others."
		-Henry Drummond


What do I need to do?

Jim
 -----Original Message-----
From: 	<iBuyit.Payables@Enron.com>@ENRON [mailto:IMCEANOTES-+3CiBuyit+2EPayables+40Enron+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 13, 2001 12:06 AM
To:	jsteffe@enron.com
Subject:	Action Requested:  Past Due Invoice

Please do not reply to this e-mail.

You are receiving this message because you have an unresolved invoice in your iBuyit Payables in-box
that is past due.  Please login to iBuyit Payables and resolve this invoice as soon as possible.

To launch iBuyit Payables, click on the link below:
http://iBuyitPayables.enron.com
Note:  Your iBuyit Payables User ID and Password are your eHRonline/SAP Personnel ID and Password.

First time iBuyit Payables user?  For training materials, click on the link below:
http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265

Need help?
Please contact the ISC Call Center at (713) 345-4727.

If you are in Europe, please contact European Accounts Payable at +44 20 7783 7520.


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/18/2000 08:52
AM ---------------------------

"Duncan, Allyson" <aduncan@kilstock.com> on 08/17/2000 10:16:11 AM
To: "'Mann Kay'" <Kay.Mann@enron.com>, "'Keenan Jeffrey'"
<Jeffrey.M.Keenan@enron.com>, "'Chapman Tom'" <tom.chapman@enron.com>
cc: "'Mellencamp Lisa'" <lisa.mellencamp@enron.com>, "'Kroll Heather'"
<Heather.Kroll@enron.com>, "Fine, Jonathan" <JFine@kilstock.com>, "Grigg,
Mary" <mgrigg@kilstock.com>

Subject: FW: NCNG and Enron site

We had done a fair amount of research on the annexation issue which we have
suspended in light of the attached information recently received from Bill
Sherk and Steve Raper.  If NCNG concedes the right to serve, the only issue
is the tap.  That is an NCUC jurisdictional issue, and Bill is correct that
the Commission would have no sympathy if NCNG refused to work with Rocky
Mount on that point.

-----Original Message-----
From: Grigg, Mary
Sent: Thursday, August 17, 2000 10:26 AM
To: Duncan, Allyson; Fine, Jonathan
Subject: RE: NCNG and Enron site

Just spoke with Bill Sherk and he confirmed, almost verbatim, Steve Raper's
report.  According to Bill, George Baldwin, VP of Marketing, stated that
NCNG does not contest Rocky Mount's right to serve.

I asked Bill to desride the location of the site---Bill says the site is
less than 2 miles from Rocky Mount's incorporated limits. Rocky Mount will
own the site (thus, meeting the requirement of getting all landowners to
sign a petition for satellite annexation).  The site is outside the area
described in the service agreement with NCNG.

Bill said the remaining issue with NCNG is the necessary increased pressure.
Rob Shaw, NCNG, is checking with their operations to determine whether NCNG
can provide the necessary pressure.  Sherk's engineer states the NCNG "would
not have a leg to stand on" if they state they cannot provide adequate
pressure.  Rocky Mount would complain to the Commission and NCNG would "look
bad."  Rob Shaw is supposed to report back to Sherk today and he will let us
know NCNG's response immediately.

Thanks

-----Original Message-----
From: Duncan, Allyson
Sent: Thursday, August 17, 2000 9:49 AM
To: Fine, Jonathan; Grigg, Mary
Subject: FW: ncng and enron site

Interesting...

-----Original Message-----
From: Raper, Stephen [mailto:RAPER@ci.rocky-mount.nc.us]
Sent: Thursday, August 17, 2000 8:58 AM
To: 'jep rose'
Cc: 'fred turnage'; 'joe durham'; Kivett, Craig; Nixon, Nancy M.;
'allyson duncan'; Sherk, Bill
Subject: ncng and enron site

bill sherk met w/ ncng officials yesterday.  they indicated they felt the
city would have the right to serve the site and hinted they would not
contest.  however, they said they "had to check with their operations
people" to determine if their pipeline and system at that location would
support/provide the needed pressure and volume for the enron plant.  this
may be the 'catch' we all expect.  however, atleast they appear not to be
readying themselves for a legal fight over service.  bill will advise enron
of these latest developments..


CALENDAR ENTRY:	APPOINTMENT

Description:
	Mtg. Gas Control Changes Attendees:  K. Miller, S. January, G. Spraggins, T. Kowalke, L. Blair, J. Williams EB42C2

Date:		5/17/2001
Time:		2:00 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Lisa Bills and Brian Barto are also invited.  I haven't heard from anyone
yet.  Please call the list around 200 to see if people are available.  Also,
can you find a conference room?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/18/2000 12:57
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           09/18/2000 11:42 AM

To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Tomorrow's GE phone call/ TODAY's meeting to prepare?

I should have included you also.  Are you available?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/18/2000 11:41
AM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           09/18/2000 11:39 AM

To: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Martin W
Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON
cc: Sheila Tweed/HOU/ECT@ECT

Subject: Tomorrow's GE phone call/ TODAY's meeting to prepare?

How about meeting in advance of tomorrow's 130 phone call to discuss the
approach we want to take with GE?

I'm suggesting 400 this afternoon.  Please let me know how this works for you.

Thanks,

Kay


Hari,

Thanks. Please, keep me posted about your progress.
Any published papers?

We shall send you the printout.

Vince

Hari Natrajan <hnatraj@IIMB.ERNET.IN> on 03/06/2001 08:47:34 PM
To: "'Vince.J.Kaminski@enron.com '" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE:

Dear Mr. Kaminski,

Thank you very much for your prompt response. I look forward to receiving a
copy of your article.

I would also appreciate it if you could let me know whether Enron provides
research grants to individuals who are working in the area of Energy Risk
Management.  Towards my research, I am trying to develop a model to estimate
electricity spot price.

In any case, I will be getting in touch with you again a year or so down the
line when I am nearing completion of my dissertation because Enron is my
dream job.

I look forward to hearing from you.

Thank you,

Yours sincerely,

Hari Natarajan
Fellowship Student
Indian Institute of Management Bangalore
Bannerghatta Road
Bangalore 560076
India
Tel: 91-80-6993056
Fax: 91-80-6584050
E-mail: hnatraj@iimb.ernet.in

-----Original Message-----
From: Vince.J.Kaminski@enron.com
To: hnatraj@IIMB.ERNET.IN
Cc: Shirley.Crenshaw@enron.com; Vince.J.Kaminski@enron.com
Sent: 3/6/01 8:34 PM
Subject: Re:

Hari,

I shall send you a reprint of the  article. I had to
cancel my presentation at San Antonio.

Vince

Shirley,

Please, send a copy of the article to Hari.

Hari Natrajan <hnatraj@IIMB.ERNET.IN> on 02/28/2001 06:45:29 AM

To:   "'vince.j.kaminski@enron.com'" <vince.j.kaminski@enron.com>
cc:
Subject:

Dear Mr. Kaminski,

I am a doctoral student at the Indian Institute of Management Bangalore,
India.  My area of interest is the Energy Sector, especially Electricity
Derivatives. I am interested in obtaining a copy of the following items:

1) Your presentation "Current Challenges in Modeling Power Price
Volatility"
at the session on Price Volatility & Probabilistic Methods in the Energy
Markets.  (http://www.informs.org/Conf/SanAntonio2000//TALKS/MD29.html)

2) Your chapter "The Challenge of Pricing and Risk Managing Electricity
Derivatives" in the book 'The US Power Market', Risk Publications.

I would appreciate it if you could send me a soft/hard copy of the same.

Thank you,

Yours sincerely,

Hari Natarajan
Fellowship Student
Indian Institute of Management Bangalore
Bannerghatta Road
Bangalore 560076
India
Tel: 91-80-6993056
Fax: 91-80-6584050
E-mail: hnatraj@iimb.ernet.in


The approval process initiated in 1998 for all meeting and event expenditures
in excess of $5,000 has enabled ENA to better assess the business value of
events, accurately track our activities and save money.  These events include
customer and employee meetings, and trade shows.

ENA has made some modifications to the process, which are described in this
memo.

The $5,000 threshold remains in effect for all customer events.  However, the
threshold for approval for employee meetings and events has been lowered to
$2,000, and some additional requirements must be met prior to approval.

Please be sure to follow the procedures described below for all meetings and
events, so we can continue to successfully manage these events.

1) Prior to making any commitments to customers or vendors, all customer
events with anticipated costs in excess of $5,000, and all employee events
with anticipated costs in excess of $2,000 must be reviewed by the ENA Public
Relations (PR) department and approved by the ENA Office of the Chairman

2) The PR department will handle the site search and hotel contract
negotiations for all such events.  Once this is completed, the PR department
will work with you to plan and produce your event in its entirety; or they
can provide as much or as little assistance as you require. The PR department
will be responsible for helping you achieve the best value for your program
and ENA.

3) A completed expenditure request form (see attached) and supporting
documentation is required for each event.  Employee meetings require a
detailed agenda as part of the event documentation prior to approval.  Please
submit the completed expenditure request form and documentation to the PR
department at EB 3642, or work with PR department employees to complete the
form.

4) After PR review, the expenditure will be submitted to the ENA Office of
the Chairman for final approval.

Additionally, the PR department can assist in the procurement of tickets for
various local sporting events and concerts.

If you have any questions regarding this process, would like assistance
planning an event, or need tickets for a Houston event, please contact Dorie
Hitchcock in the PR department at (713) 853-6978.

Thank you for your cooperation.


AOPA ePilot Subscribers,
Please disregard the message at the top of this morning's issue
f "AOPA ePilot" that suggested that your AOPA membership was
bout to expire or that it was your last issue of the newsletter.
oliday computer gremlins conspired to erroneously send the
essage to most "ePilot" subscribers this morning.
Again, please disregard the message. We apologize for the error
nd will work to assure that it does not happen again. Thank you
or your patience and please have a happy new year.
Sincerely,
AOPA ePilot Staf


Here's the new and improved updated version...


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That's right; get your very own eThink apparel, accessories and office
gadgets at the Signature Shop online.  Direct your web browser to the
Signature Shop, and then click "eThink Merchandise" to see the complete
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eSpeak is back!  Tuesday, December 5 at 10:00 am Houston time, please join
Chairman and CEO Ken Lay for an open-mike eSpeak event.  This is your last
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This needs to be changed after the calc.

Kate

Evelyn Metoyer@ENRON
01/11/2001 03:05 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 495177

Jeff Richter
deal 495177
Prebon shows location as SP-15 we show NP-15


These are all the ones I am aware of.

	showard@agsk.com
	05/31/2001 07:19 PM

		 To: Richard.B.Sanders@enron.com
		 cc:
		 Subject: ECT Securities Depositions--agreements witn Kathy

Richard,

Please review the attached fax from Ben Ogletree, one of Natwest's lawyers,
especially the four attached agreements (which Natwest already has.)  Can I
represent to Natwest that these four agreements, along with the Oaktree
settlement agreement, constitute all settlement or cooperation agreements that
we have with any parties to any of NSM litigation?  If I can say that, the
issue of ECT Securities' deposition goes away.

Steve

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more information
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/27/2001 12:47
PM ---------------------------

Fred Mitro@ECT
02/27/2001 09:42 AM
To: Kay Mann/Corp/Enron@ENRON
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron, Stephen Thome/HOU/ECT@ECT

Subject: Re: Panda Energy

Kay,

Our deal with Panda Energy involves 4 LM units.  I believe that this is the
total number of units in our current LV Co Gen project.  Ben is planning to
talk with Lee at GE.

I talked with Panda this morning.  They do not have a fixed close date.  They
are working off the assumption that closing will ocurr within 4-6 weeks of
signing the Letter Agreement.  I believe that this is doable.

Chris Booth will provide you with respective unit delivery dates.  He is
working with Matt Tezyk to determine the serial #'s (apparently GE has not
yet assigned serial #'s to the units).  What price are we assigning to the
LLC member interests in the Northwestern Letter Agreement?  Let's stay
consistent with that document.  The person who will be signing for Panda is
Gary Hubbard, Senior Vice President.

The purchase price is $16.45 MM per unit with a 10% development fee payable
to ENA upon execution of the Letter Agreement.  The balance of the purchase
price will escrowed by Panda upon approval of the Facility Agreement (similar
to Intergen structure) and payable to ENA at closing.  Is this the pricing
information that you need to establish the maximum liability amont?

Ben:  We need to talk re: the transformers.  We quoted Panda $950K per unit
for the two transformers.  It is not clear if the transformers will work for
Panda w.r.t. interconnect voltage and plant configuration.  If we are
re-loading with more LM's, do we need to keep the transformers for our use at
LV Co-Gen?

Kathleen:  I have a call into Bill Lamb at Panda regarding the CA's.  I will
let you know when I hear back from him.

Fred

Kay Mann@ENRON
02/26/2001 06:15 PM
To: Fred Mitro/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron
Subject: Re: Panda Energy

Fred,

Dale Rasmussen has been handling the breakout contracts for the LV CoGen
project, and I think the form is in good shape. However, the breakout
contract is for all the LV Co Gen units, but that is easy enough to fix. Does
GE know this is coming?

What are you projecting for a closing date?

 We need the unit numbers (original and serial), associated delivery dates,
price attributable to the units (maximum liability amount), price to sell the
LLC member interests, and the contact persons from Panda for the contract.
Will there be a development fee, and if so, how much?

If you get me the particulars of the deal we can work on it in house.  We
have the forms, so we can get cracking without outside counsel.  In fact,
I've been working on the form letter agreement today in connection with the
other deal.  Retaining outside counsel requires internal approval, which I'm
sure we can get in the next day or two, assuming no conflict of interest. I
can get started on the process if you are ready.

If you think these guys are serious, we can set up the LLC's.  We may want
two LLC's if the total price is in excess of $50mm.  Kathleen, please talk to
me before we do this as I think we should discuss the slate of officers.

Kay

Fred Mitro@ECT
02/26/2001 05:56 PM
To: Stephen Thome/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron

Subject: Panda Energy

Steve:

I talked with Ben this afternoon and understand that we are ready to proceed
with Panda Energy in a transaction involving the sale of member interests in
special purpose entities associated with the four(4) LV units.  I have left a
message with Panda letting them know that we are prepared to proceed and will
begin preparing a set of draft definitive agreements for their review.  I
have asked Panda to confirm that they are ready to receive these documents
and proceed.  I understand that you are in Houston.  Please call/see me
tomorrow morning so that we can discuss this transaction.

Kay:  We need to prepare a draft set of definitive agreements for this
transaction.  Can Carolyn complete this while you are in New York?  Also,
what is the status of the LM Breakout contract for the 4 LV units.  Let me
know.

Kathleen:  We need to confirm tomorrow morning that we have received executed
CA's from Panda.  I have the CA execution originals for the four Panda
entities at my desk for Ben's signature.  These need to be received prior to
sending Panda the definitive agreements.  We will fax signature pages to Ben
tomorrow.

Chris:  See me tomorrow morning to discuss the technical spec's that were
sent to Panda

I will be at my desk by 8 am tomorrow morning.

Thanks,
Fred
x35406


I'll call in a few

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/13/2001 01:43 PM -----

	Sara Shackleton
	04/12/2001 11:26 AM

		 To: "Yaish, Yair (OGC)" <YYaish@exchange.ml.com>@ENRON
		 cc:
		 Subject: RE: ISDA Schedule/Paragraph 13

Yair:

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

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

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/12/2001 10:16 AM

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

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

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

Yair:

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

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

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

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

The other changes were not substantive.

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

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

                    04/10/2001
                    07:46 AM

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

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

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

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

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

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

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

Yair:

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

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

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


we know anything about this?

	Chris Hendrix@EES
	01/25/2001 09:34 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron
		 cc: Edward Hamb/HOU/EES@EES
		 Subject: SDGE Filing

SDG&E made a filing Wednesday to add a $0.023/kWh bill surcharge.  If
possible could you send Ed and me a copy of the filing?

Thanks,

Chris


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wow! what's behind this, not that I think it isn't a very prudent decision.
rick


Hello Kate,

Sierra Pacific Industries, Inc. has been linked to EnPower.
Please advise if you're having any problems "seeing" it.

Samuel

   Kate Symes                04/11/2001 07:38 PM

To: Samuel Schott/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Kimberly
Hundl/Corp/Enron@Enron
cc: Chris H Foster/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT
Subject: Re: Request for New CTPY Name - Sierra Pacific Holding Co.

Regarding the deal Chris Foster did on 4/6 with Sierra Pacific Holding Co. -

Bob Ellery, Sierra's Director of Energy Resources, and Steve Hall, one of
Portland's most expeditious lawyers, have decided to execute the deal under
the designation Sierra Pacific Industries, which is also named in the master
agreement. We still, however, need this name added to the counterparty list
in EnPower.

Thank you all for your help on this, and I appreciate your future assistance
in getting this deal out of the "New Counterparty" void.

Kate Symes
Trading Support
503-464-7486