Hi Daron,
You sure have a big fan in Scott Crowell! I look forward to meeting you and being your "eyes and ears" in the market-place! Some of the positions I'm currently conducting searches for include a Risk Managers (85-100K+B); power-plant accountants (50-60K+B); Gas Schedulers (55-70K. To help me better understand your interests, please take a few minutes to answer the following questions, and/or email me a copy of your resume (which I will help you up-date) so I can match you to opportunities.

1) Key requirements in your next position.

2) Main areas of expertise/ years experience (n/a if resume attached)

3) Current and desired compensation

4) Key reasons you would consider leaving your current employer & your level of urgency in making a move:

5) Companies you want to avoid working for and/or already have your resume:

6) Companies you're interested in:

7) Main achievements in your career (or we can cover this if we meet; our offices are located downtown on 723 Main Street, suite 511 at the corner of Main/Rusk, in the Houston Bar Center Bldg):

Please note that our team of 8 recruiters are Big 5 Alumni and CPAs specializing in Accounting (including Tax), Finance and Risk Management. I look forward to working with you in the near future and answering any questions you might have. You may reach me anytime at 713-222-7667, or we could schedule a time to talk in the evening. All our conversations will be completely confidential.

Best wishes,

Birgit D. Kamps
HireSynergy, Inc.
Partner/ Houston
(713) 222-7667 phone
(713) 222-7660 fax
723 Main Street, Suite 511
Houston, TX 77002
birgit@hiresynergy.com
www.hiresynergy.com

This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law.  If you are not the intended recipient, you should delete this message and are hereby notified that any disclosure, copying, or distribution of this message, or the taking of any action based on it, is strictly prohibited.


The web site address is at the bottom.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 02/04/2000 11:47
AM ---------------------------

	From:  Mark Taylor                           01/27/2000 08:11 PM

To: raislerk@sullcrom.com, gilbergd@sullcrom.com
cc:
Subject: Web Site

Christian has not yet gotten back to me but I have asked him to check on the
dates we discussed for early/mid March.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 01/27/2000 08:10
PM ---------------------------

Michael Etringer

01/27/2000 07:09 PM

To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Web Site and Training

I am not sure if Christian got back with you on the possible timing for our
legal seminar in Portland but Tim Belden is out until Friday and Christian is
out until Monday.  Christian indicated to me that he was going to call you on
Monday with a definitive date.

The web site is now available outside the firewall.  The location is
http://www.enronwest.com    Be aware that this is currently only a template
site.

Let me know if you need any additional information.

Regards,
Mike
503-464-3836


fyi
 -----Original Message-----
From: 	Fleming, Rosalee   On Behalf Of Lay, Kenneth
Sent:	Friday, November 02, 2001 11:51 AM
To:	Koenig, Mark; Kean, Steven J.; Palmer, Mark A. (PR); Derrick Jr., James; Tilney, Elizabeth; Whalley, Greg; McMahon, Jeffrey; Bowen Jr., Raymond
Subject:	FW: AFL-CIO Press Release

Press release attached.

 -----Original Message-----
From: 	"Damon Silvers" <Dsilvers@aflcio.org>@ENRON
Sent:	Friday, November 02, 2001 11:18 AM
To:	Lay, Kenneth
Subject:	AFL-CIO Press Release

Ken,

The attached was inadvertantly omitted from my earlier  email.  My apologies.

Damon A. Silvers
Associate General Counsel
AFL-CIO
815 16th Street, N.W.
Washington, DC 20006
(202) 637-3953
fax (202) 637-5323DSilvers@aflcio.org

 - AFL-CIO Enron press release.doc


Dear Vince:

How are you? I am not sure whether you still remember
me, we met in a conference last year in Houston. After
having been working for Williams for about two years,
now I am ready to make a move. I have heard Enron is a
great company, I am wondering whether there is any
opportunity for me, either in research group or in
structure group

Here is brief description about myself: Right after I
got my Ph.D. on finance and econometrics from Duke
University in 1998, I joined Williams Energy Trading
company as a Quantitative Analyst. Now I am Lead Quant
and in charge of the quantitative research group with
7 highly talented people. I have done extensive
research and modeling about electricity,
load-following deal and tolling deals.

If you need any additional information, please feel
free to call me at 918-409-4308. I look forward to
hearing from you soon, thank you.

sincerely,
Charles

__________________________________________________
Do You Yahoo!?
Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free!
http://photos.yahoo.com/


CALENDAR ENTRY:	APPOINTMENT

Description:
	EB3267 - RESERVED

Date:		3/1/2001
Time:		9:00 AM - 10:00 AM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


Did they actually change it.  If not try your birthyear and then your birthday

19550805 for example.  My birthday is 8/5/55

	Kay Mann@ENRON
	05/25/2001 08:56 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: invoices

never received a pass word.


I agree that we need to remove last paragraph and shorten the text (I would remove 2nd paragraph, also).

 -----Original Message-----
From: 	Piper, Greg
Sent:	Wednesday, June 06, 2001 10:21 AM
To:	Bibi, Philippe A.
Cc:	Webb, Jay; Guadarrama, Michael; Zipper, Andy
Subject:	FW: Enron Concerns about JavaSoft

Scott McNealy at Sun asked us to send in an e-mail to him our issues with JavaSoft.  Mike took a shot at it and a draft is below.  It has not gone to him yet but we should get him something soon.

My comments are that the draft below is very accurate but is too long and detailed for a CEO and the last paragraph, thought factual, will change.

Can you please give me your comments so I can get back with Mike and Jay and finish something and send it to Scott?

Thanks.

GP

 -----Original Message-----
From: 	Guadarrama, Michael
Sent:	Wednesday, June 06, 2001 7:31 AM
To:	Piper, Greg; Webb, Jay
Subject:	Enron Concerns about JavaSoft

To: Scott McNealy.
CC: Jonathan Schwartz, Philippe Bibi, Greg Piper, Jay Webb
------------------
Scott,

Enron appreciates the time Sun has devoted to us over the recent weeks.  We have enjoyed meeting with your personnel and yourself to share with you some of Enron's needs and concerns.

EnronOnline and Enron E-Commerce are required to deliver a unique set of capabilities.  Our application and organization must support the high velocity (soft real-time) trading behavior of a commodities market, the ever increasing number and complexity of business requirements, the increasing degree of integration between Enron and its trading partners, and the need to do all this as quickly as possible without sacrificing software quality.  Each item in itself is not unique, but the combination is.

We firmly believe that our only hope for success is to base our application upon a solid technology stack and development methodology.  Our view of the technology stack starts at the bottom with networking, server hardware and storage, operating systems, language, language-level specifications, tools, APIs, and containers, language-independent middleware, and enterprise-level specifications and APIs.  Through out this stack, we need the ability to tune each level to optimize it for the particular effort at hand.  For instance, applications which do not sustain significant load may wish to take advantage of feature rich language-level and enterprise-level APIs; these applications can live with the performance overhead of these APIs.  On the other hand, some applications, such as soft-real-time delivery of quotes over the internet, require the highest performance possible and we are willing to sacrifice the convenience of more feature rich and slower APIs.

As an application development manager, I embrace the notion of standards-based development.  It holds the promise to allow me to focus my development resources on delivering business functionality and not on developing middleware and containers or dealing with enterprise integration.  Unfortunately, there are significant deficiencies in the existing set of specifications from JavaSoft, W3C, OMG, and IBM/Microsoft.  None of the specs or APIs have any concept of performance.  None of the specs or APIs allow for tunability of features to increase performance.  Lastly, there is a significant gulf between language-level and enterprise-level specifications.  For instance, the J2EE technology suite does not at all address enterprise-level integration.  To be fair, IBM/Microsoft Web Services does not at all address language-level development.

The fact of the matter is that because of all these deficiencies I have had to continually reduce my use of J2EE technologies.  In fact, Enron's most critical systems were developed outside of J2EE.  Only our least critical systems use J2EE.  In addition, my group spends at least 40% of its development time addressing enterprise-level integration.  As the biggest B-to-B site in the world, one can imagine the level of integration we are expected to provide.

My primary criticism with Sun is that they approach customers from the bottom of the technology stack working your way up.  Customers need someone to start at the top of the technology stack and explain why it then leads to the bottom.  For Sun, it appears to be all about selling hardware and operating systems.  Enron has moved past those times.  We need top-down solutions.

Solutions:
Create a separate, distinct, and equally influential body in JavaSoft including ONLY large end-user customers (Power Users).  A good first list would include Enron, Charles Schwab, GE, and E-Bay.
Create an initiative to focus on enterprise-level specifications with input primarily from the Power Users.  This should not be influenced by vendors.
Ensure all past and future Java specifications and APIs are geared around tunability and performance.
Rethink EJBs.

If you want to stop Microsoft from conquering the world, you have to do more than shouting to the heavens.  Perhaps, you concede the B-to-C, C-to-C, and E-to-E (employee to employer) markets for now.  There's some money there but not as much as there is in the B-to-B market.  (Besides, if you really want to win in those markets you need to come out with a desktop which has some useful software on it.)  My recommendation is to end-run Microsoft in the B-to-B market by coming out with enterprise-level specification which work and ensure that the Java-based implementation of those specifications are the best.  Then market share will follow.

Regards,
Michael Guadarrama
Director, E-Commerce Application Development
Enron Net Works, LLC.


Russ,

Please add all the following trading pipes/zones to the VNG desk.

Pipeline  Zones
TRCO   All
CNG   All
CGAS   All
Tenn   Zones 0, 1, 2, 3, and 4
Tetco   All
Texas Gas  Zone 4


Just wanted to pass along some information.

If you have e-mails or notices you wish to have distributed throughout  Enron
they should be sent to:  Enron Messaging Administration/Corp/Enron.

For Information Call X35885, Messaging Administration Group

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


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2000
07:54 AM ---------------------------

VKaminski@aol.com on 01/30/2000 03:43:57 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: (no subject)

 - ED_c06_Sim&Trees.doc


Karen- please circulate to all RAC worldwide. Tx Rick

It is with great sorrow that I must announce the passing of Andy Knight,
manager in the Market Risk Group. Andy succumbed to cancer on Feb. 22, 2001
and will have funeral services in Florida. There may be a memorial service
here in Houston arranged through his church but details have not been
announced. Please contact Veronica Valdez for details.

Andy was with RAC and Enron only briefly before being diagnosed, but made a
real impact especially on those that worked closely with him. Andy had  a
warm and personable style, which along with his technical capability, made
him a real asset to the group. He will be missed.


David,

I regret to inform you I am unable to attend the conference due to previous
commitments.
Would you consider a speakers form our London office?

Vince

David Warwick <djw@kwi.com> on 04/24/2001 09:47:31 AM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: KWI User Group

Vince

Any further thoughts on this ?

David

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: 13 April 2001 21:44
To: djw@kwi.com
Cc: Vince.J.Kaminski@enron.com; vkaminski@aol.com
Subject: Re: KWI User Group

David,

Thanks for the invitation.
I shall check my schedule on Monday and will get back to you
regarding the conference.

I hope you will a very Happy Easter.

Vince

David Warwick <djw@kwi.com> on 04/12/2001 04:04:32 PM

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

Dear Vince

Please may I reintroduce myself. We met last year at the Sydney EPRM
conference which my company KWI sponsored. I chaired the session at which
you spoke.

As you may remember, my company, KWI are one of the world's leading
provider
of systems (kW3000) and consultancy for energy, trading and risk
management.
We have over 60 clients worldwide including many of the world's leading
energy companies (not Enron unfortunately):

North America
- TVA
- Ontario Power
- Cinergy
- Bonneville Power

Europe
- Enel
- ATEL
- Electrabel
- EDF

Nordic
- Vattenfall
- Fortum
- Sydkraft
- Statkraft
- Birka Energi
- Norsk Hydro

Each year we stage a "KWI Users Forum" - a 2-day event attended by leading
trading and risk staff from our clients. Last year there were about 100
delegates. The agenda primarily focusses on issues surrounding risk
management for the energy sector.

The agenda comprises keynote presentations on burning risk issues from
industry leading energy speakers and practical workshops focussed around
using our software.

This years event is at a luxury hotel in the wonderful Spanish city of
Barcelona and runs from the evening of Sunday September 9th to Tuesday
September 11th. The main conference dinner is on the Monday evening and is
always a memorable event. This year it is in a leading Barcelona restaurant
preceded by a bus tour of the city with a stop for pre-dinner drinks.

I would like to invite you to make the opening keynote address, the
highlight of the conference.

The subject could be:

*    a general energy risk related topic
*    a general insight into the secret of Enron's continued success in
the energy markets
*    your thoughts on the future development on energy markets (and other
commodity related - bandwidth etc.) worldwide

Obviously, we would cover all your delagate costs including accomodation,
food and drink.

What's in it for you ? Many of our users are some the energy sectors
leading
risk thinkers and I'm sure you would enjoy meeting them and exchanging
views.

Please let me know if you are able to accept the invitation.

Best regards

David Warwick - Marketing Dierctor and Co-founder


Steve,

Are we all set for August?  Do our schedulers know how this will work?  Let's talk with Patti about this transport.

Thanks,
Mike

-----Original Message-----
From: Tycholiz, Barry
Sent: Thursday, July 26, 2001 8:39 PM
To: Grigsby, Mike
Cc: South, Steven P.; Miller, Stephanie; Lucci, Paul
Subject: Kern River Transportation Management - Aug 1

As a reminder...EFFECTIVE AUG 1. ENA has appointed Nevada Power / Sierra Pacific as our agent for the term of the transportation agreement. What this means is that NP will nominate the supply gas into the pipeline and deliver to themselves as they are the market for the whole volume and term. ENA will have to instruct NP what our supply looks like ( on a daily basis)

We have sold all the Kern gas to SPPC for the entire period.... at a Socal Monthly Index minus $.42/$.95 related price and our obligation is 100% takes.

I know some supply has been purchased for the term but some gas will be procured in the spot market.  I expect that Steve South and Paul Lucci will coordinate those efforts as required but we need this gas to show up every day.

Let me know if there are any questions regarding this note... but primary supply and market obligations are in the hands of the trading group.

Thanks, BT


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/24/2000 12:05
PM ---------------------------

Victor Lamadrid
03/24/2000 10:26 AM
To: Scott Neal/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Sarah
Mulholland/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT,
Maureen Smith/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT
cc: Katherine L Kelly/HOU/ECT@ECT, Angie Zeman/Corp/Enron@ENRON, Molly
LaFuze/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT
Subject: Two New EOL Locations

Hey Jennifer and Dale,
I checked with Scott Neal and Dick Jenkins and they're on board with having
all 4 trading locations available for our customers starting April on EOL (if
possible with you guys of course).  The 2 existing locations are CNG SABINE
NORTH POINT & CNG SABINE SOUTH POINT and the two new proposed locations will
be CNG TRANSMISSION TTT SOUTH POOL & CNG TRANSMISSION TTT NORTH POOL.   There
may be some confusion among our EOL customers with the similar names to these
points so we have to be careful how we differentiate the names of the 4
points.    The Enron trader responsible for the 2 new CNG Transmission
locations will be Scott Hendrickson.  The business systems director at CNG
Transmission who requested this of me is Iris King.  Her phone number is
304-623-8213 and her e-mail is iris_g._king@cngt.cng.com.  She is also
onboard with having the locations available to trade on EOL as soon as
possible.

If I can provide any more info.to you, please let me know.   THANKS AGAIN IN
ADVANCE!!!!!!

---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 03/24/2000
09:39 AM ---------------------------

From:  Jennifer deBoisblanc Denny
                03/23/2000 06:38 PM

To: Victor Lamadrid/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT
Subject: Re: two new locations

Victor,
Thanks for the information. It is good to know people outside of the company
are wanting additional locations to trade on EOL.
Can you let me know which trader will be trading this location? Dale Neuner,
in our group, will coordinate adding these locations
for EOL trading.
Thanks!

Victor Lamadrid
03/23/2000 04:26 PM
To: Jennifer deBoisblanc Denny/HOU/ECT@ECT
cc: Katherine L Kelly/HOU/ECT@ECT
Subject: two new locations

Hey Jennifer,  How are you?

We had a meeting with CNG Transmission today.  They have rolled out a new
pooling service for their customers called CNG Transmission North pool and
CNG Transmission South pool.  It's different than CNG South Point and CNG
North Point.  These last two pertain to CNG Sabine Hub Services.  As they
have presented these new services to their customers, all of their customers
are inquiring as to whether or not EOL will be trading these two new
locations in the future.  These new services on CNG Transmission have the
benefit over CNG Sabine Hub Services pools of being free for the time being
(until October at least)....How do we go about adding these two new trading
locations on EOL.  Volumes can be transferred from CNG Sabine Hub Services
points over to CNG Transmission pools at no cost and we are actually starting
to set up our supplies and markets in this manner to save on pooling costs
for April.   I have a contact that you can talk to at CNG Transmission if you
would like.. Please let me know and thanks in advance!!!!


Suddenly, Pipeline Project Sparks Interest --- Pakistan, India Summit Revives
Plan for Gas To Travel Over Land
The Wall Street Journal, 06/27/01

Enron Direct to tap Alberta retail market Firm's new unit is first major
independent electricity and natural gas competitor
The Globe and Mail, 06/27/01

U.S. giant enters deregulated Alberta market: Biggest energy trader: Enron
Corp. seeks expansion in other areas of Canada
National Post, 06/27/01

Former Bush aide named by Perry to last PUC post
Houston Chronicle, 06/27/01

Enron says delay in India positive sign
Houston Chronicle, 06/27/01

Dabhol: Lessons for FDI
The Economic Times, 06/27/01

Powermen stage stir, demand Enron's exit
The Times of India, 06/27/01

Europe Weighs Standard Gas-Trading Contract
The Wall Street Journal Europe, 06/27/01

Data Centre bubble bursts amidst dotcom meltdown
The Times of India, 06/27/01

Enron plans to enter steel trading in India
Business Standard, 06/27/01

New York Electricity Supplier Tests Gadget that Controls Heat Via Internet
KRTBN Knight-Ridder Tribune Business News: The Philadelphia Inquirer -
Pennsylvania, 06/27/01

Coal Cos Take Cautious View Of Nymex Coal Futures
Dow Jones News Service, 06/26/01

Oregon Vote on Electricity Deregulation Delayed by Partisan Dispute
Dow Jones Business News, 06/26/01

El Paso: Calif Supply Constraints Keep Gas Prices Up
Dow Jones Energy Service, 06/26/01

Enron Corp. Dives Into Retail Canadian Power, Gas Markets
Dow Jones Energy Service, 06/26/01

Enron to Start Commercial Power, Gas Sales in Alberta (Update1)
Bloomberg, 06/26/01

Enron Says Indian Court Defers Decision on Jurisdiction
Bloomberg, 06/26/01

International
Suddenly, Pipeline Project Sparks Interest --- Pakistan, India Summit Revives
Plan for Gas To Travel Over Land
By Daniel Pearl
Staff Reporter of The Wall Street Journal

06/27/2001
The Wall Street Journal
A8
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BOMBAY, India -- A planned summit of India's and Pakistan's top leaders is
giving new momentum to a $5 billion international gas-pipeline plan that was
once dismissed as a pipe dream. U.S. companies may be left out, though,
because the gas would originate in Iran.
The decades-old pipeline idea, from gas-rich Iran east through Pakistan and
into gas-hungry India, has always floundered on India's reluctance to deal
with Pakistan. Since gaining independence in 1947, India and Pakistan have
fought three wars and a bloody border skirmish two years ago that derailed
efforts to establish some economic cooperation. On July 14, Pakistani Gen.
Pervez Musharraf, who seized power in a 1999 coup and recently named himself
president, is scheduled to arrive in Agra, India, for his first summit
meeting with India Prime Minister Atal Bihari Vajpayee.
Pakistan officials have told reporters they expect the pipeline to be
discussed. India's foreign ministry won't confirm that, but Mr. Vajpayee gave
a green light to pipeline discussions during a recent trip to Tehran,
industry officials said. India has previously limited itself to exploring
undersea pipelines that avoid Pakistan. After the trip, Iran promptly asked
Australia's BHP Petroleum to launch a feasibility study on a land route.
"There have been some studies before, but I think this is the most official,"
an Iranian official said.
Pipeline talks could present a quandary for the Bush administration.
Washington has encouraged India and Pakistan to reduce tensions on the
subcontinent, but has strongly opposed previous energy projects involving
Iran. U.S. oil companies are lobbying hard for the administration to let
sanctions on Iran expire this year instead of renewing them for two years.
Though the 1,500-mile pipeline remains a long shot, it may be one of the few
topics India and Pakistan can discuss without fear of political backlash at
home. Neither country is likely to budge from their hardened positions on the
disputed Kashmir territory, and low-level talks aimed at reducing risks of
nuclear weapons have so far come to naught. Pakistan stands to gain badly
needed revenue from transit fees; estimates range between $260 million and
$600 million a year. India could get relief from a gas deficit that has
fertilizer plants running on reduced fuel and power plants running on
more-expensive naphtha.
Also, India's biggest private company appears to be shifting the balance in
favor of an Iran pipeline. Reliance Industries Ltd., a Bombay-based polyester
and petroleum company that is gearing up to challenge government monopolies
in telecommunications and gas supply, recently launched a $10 million study
on importation of liquefied gas from Iran to India by ship, in partnership
with BP Inc. and National Iranian Oil Co. But industry officials familiar
with Reliance's plans said the company is expressing interest in the pipeline
option, too, because of its cost advantages and potential to provide a backup
energy source for Reliance's huge industrial complex in India's northwestern
Gujarat state.
Reliance wouldn't comment on its gas-supply plans. If the company does insert
itself as a potential buyer of the pipeline gas, a deal could become easier
to negotiate than if India's state-owned gas company were the buyer.
Still, "What's missing really at this moment is someone who would broker an
arrangement," says Hugh McDermott, a principal of consulting firm Nexant Inc.
who heads a U.S.-funded project promoting energy cooperation among South
Asian countries. (Pakistan isn't yet involved).
The less India and Pakistan are willing to trust each other, the bigger role
Iran is likely to play in any pipeline. One scenario being discussed within
the gas industry is for Iran to agree on delivery all the way to the Indian
border, paying Pakistan's transit fees and guaranteeing safe passage through
Pakistan. Iran and Pakistan have warmed their previously frosty relations
recently, but whether Iran -- or even Pakistan itself -- could really
guarantee the pipeline's security is an open question. Matthew Forman, South
Asia specialist at the London-based consulting firm Control Risk Group, said
the pipeline would run through the huge and remote province of Baluchistan, a
lawless haven for smugglers where suspected tribal militants recently
attacked a Chinese petroleum-engineering company with bullets and rockets.
Pakistan "will have to work hard to give the impression [the pipeline] is
safe and reliable," Mr. Forman said. "It is going to need some serious
political will for it to go ahead."
Several competing proposals to bring natural gas to India have run into
trouble lately. Enron Corp. recently withdrew from the latest plan for an
underwater pipeline from the Persian Gulf. Unocal Corp. tried to promote a
pipeline through Turkmenistan, Afghanistan, Pakistan and India, but Unocal
shut down its Turkmenistan office in 1999, after finding the lure of transit
fees wasn't enough to make Afghanistan a stable country. Unocal, Royal
Dutch/Shell Group and other oil companies have staked out gas interests in
Bangladesh, but Bangladesh officials have so far spurned oil companies' pleas
to allow export of gas to neighboring India.

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

Report on Business: Canadian
Enron Direct to tap Alberta retail market Firm's new unit is first major
independent electricity and natural gas competitor
DAVID PARKINSON

06/27/2001
The Globe and Mail
Metro
B3

CALGARY -- U.S. energy trading giant Enron Corp. announced yesterday the
launch of a retail electricity and natural gas business in Alberta, becoming
the first major independent competitor to enter the Alberta market since the
province deregulated electricity at the start of the year.
Enron Canada Corp., the Canadian unit of Houston-based Enron, unveiled Enron
Direct Canada Corp., a new unit that will sell electricity and natural gas
directly to commercial and light industrial businesses in Alberta. The
company will go head to head with Alberta's established major utility
retailers -- mainly Enmax Corp. of Calgary and Epcor Utilities Inc. of
Edmonton -- in the battle for the roughly 120,000 business customers in the
province's deregulated natural gas and electricity markets.
"Obviously, we'd like to gain market share and be a significant competitor in
Alberta," said Rob Milnthorp, president and chief executive officer of both
Enron Canada and the new Enron Direct unit, from his office in Calgary.
Enron enters the Alberta retail market at a time when some of the traditional
regulated utilities have been moving away from the retail business. TransAlta
Corp. sold its retail business last year, and Atco Ltd. announced in May that
it put its retail operations up for sale to concentrate on the regulated side
of its utilities.
"I think this is a market where money is to be made, but it takes
considerable marketing and trading skills," said analyst Winfried Fruehauf of
National Bank Financial in Toronto.
Enron's announcement prompted speculation that the company might be
interested in the retail electricity and natural gas operations of Atco Ltd.,
which feature a base of about one million commercial and residential
customers. Mr. Milnthorp wouldn't say whether Enron has talked with Atco
about buying the assets.
But Mr. Fruehauf said it "wouldn't surprise" him if Enron was interested.
Enron has been providing retail power to commercial customers since 1993,
when it launched Enron Direct in the deregulated British market. Since then,
the company has expanded its retail sales into the United States, Spain and
the Netherlands.
Enron has been involved in wholesale energy marketing in Canada for several
years. It began dabbling in the Alberta retail market four months ago, taking
on a handful of commercial customers while it built up its retail office in
preparation for an all-out launch. Its existing customers include retailer
Calgary Co-operative Ltd. and real estate firm Boardwalk Properties Co.
Mr. Milnthorp declined to say how many customers the Alberta retail operation
already has, nor would he divulge the company's targets for the number of
customers it hopes to add over the next year. However, he did say the company
would be interested in expanding Enron Direct into Ontario once that province
completes electricity deregulation.
"If the regulatory market is conducive to competition, then we want to be
there," he said.

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

Financial Post: Canada
U.S. giant enters deregulated Alberta market: Biggest energy trader: Enron
Corp. seeks expansion in other areas of Canada
Carol Howes
Financial Post

06/27/2001
National Post
National
C06
(c) National Post 2001. All Rights Reserved.

CALGARY - Enron Corp., the biggest energy trader in North America, has begun
selling electricity and natural gas to consumers in Alberta and is looking to
expand into Canada's other deregulating power markets.
Enron Direct Canada Corp., a new Calgary-based subsidiary, will enter the
market by selling to commercial and small industrial businesses and will
evaluate demand for residential sales over the next few months.
"As other markets open up -- if in fact the regulatory environments in those
different parts of Canada are conducive to competition -- we will take a very
serious look at becoming a major player [there]," said Darren Cross, chief
operating officer of Enron Direct.
Alberta opened its electricity market to competition Jan. 1, prompting ATCO
Ltd., one of Canada's biggest publicly held utility companies, to put its
retail electricity and gas units up for sale.
Last year, Alberta's other large power generator, TransAlta Corp., sold its
retail electricity unit and power lines to Kansas City-based UtiliCorp United
Inc. for $860-million. UtiliCorp then sold the retail business to Edmonton's
municipally owned Epcor Utilities Inc. for $110-million.
Rob Milnthorp, president and chief executive of Enron Canada, said his
company expects to make money where others couldn't because of its hold on
the Canadian wholesale market and its ability to offer competitive pricing.
"Where we really have the distinct advantage is our wholesale backbone. Being
the largest wholesaler of natural gas and electricity in Canada gives us
tremendous strength," he said.
Mr. Milnthorp declined to discuss whether Enron has made a bid for ATCO's
businesses, which were expected to be sold by the end of June. "Based on
confidentiality restrictions we can't comment on that right now," he said.
The retail units, which are essentially ATCO's 900,000 home and business
customers, have been estimated at $300-million to $325-million.
Jim Campbell, ATCO's chief financial officer, said the sale is "progressing
as planned," but couldn't comment further.
ATCO put its retail operations up for sale to concentrate on its
government-regulated generation and distribution arms.
Enron plans to offer long-term, flexible contracts to customers, eliminating
some of the concern over the volatile pricing that has hit Alberta and
elsewhere this past year. The company has already started marketing the
energy contracts to Alberta's 100,000 businesses.

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

June 27, 2001
Houston Chronicle
Former Bush aide named by Perry to last PUC post
By LAURA GOLDBERG
Copyright 2001 Houston Chronicle
A woman who served as a policy director for former Gov. George W. Bush will
fill the last vacant spot on the agency that is overseeing the state's move
to electricity deregulation.
Gov. Rick Perry on Tuesday appointed Rebecca Armendariz Klein of Austin to
the state Public Utility Commission.
Armendariz Klein, currently a consultant with KPMG Consulting, served as
general government policy director when Bush was governor.
She also has previously worked as a senior attorney for the PUC and as a
telecommunications law analyst for the American Enterprise Institute.
Perry also announced Tuesday that Mario Max Yzaguirre will serve as chairman
of the three-member PUC. Perry named Yzaguirre, who recently resigned from
Enron Corp., to the PUC earlier this month.
Consumers Union criticized Yzaguirre's appointment because of his ties to the
energy industry.
But Reggie James, director of the southwest regional office of Consumers
Union in Austin, expressed support for Armendariz Klein.
"We feel that she is going to be a competent commissioner," he said, adding
that her technical and other experience make her suited for the job.
"We've worked with her before," he said. "We know that she's bright."
Consumers Union, he said, is happy to see someone with a more neutral
background than Yzaguirre appointed, he said.
The two join Brett Perlman of Houston on the PUC. He was appointed in 1999 by
Bush.
"Texans can count on her for fair treatment," Perlman said in a written
statement.
Given the great impact that the PUC has on consumers, "it was Gov. Perry's
strong desire" to have one of his appointees as chair, said Kathy Walt, a
Perry spokeswoman.
"Gov. Perry is confident that both of his appointees on the Public Utility
Commission will represent the varied interests of Texans," she said.
The appointments come as Texas prepares to open its electricity market to
competition. Starting Jan. 1, Texans will be able to choose their electricity
providers.
The PUC also oversees the telecommunications market.
Armendariz Klein, who graduated from high school in Corpus Christi, has a
bachelor's degree from Stanford University, a graduate degree from Georgetown
University and a law degree from St. Mary's University School of Law in San
Antonio.
She is also a major in the Air Force Reserves, where she also serves as a
staff judge advocate general.
One of the two vacancies Perry had to fill occurred recently when PUC
Chairman Pat Wood III stepped down after President Bush named him to the
Federal Energy Regulatory Commission.

June 27, 2001, 12:37AM
Briefs: Houston & state

Enron says delay in India positive sign
Enron Corp. said an Indian court deferred a decision on whether a regulatory
agency has the jurisdiction to rule in a dispute between the company and a
regional government that is refusing to pay its power bills.
The Bombay High Court gave the Maharashtra Electricity Regulatory Commission,
the regulatory agency, six weeks to decide whether it has jurisdiction to
settle a dispute on termination of the 7-year-old power-purchase agreement.
Enron called the ruling positive.
Enron owns Dabhol Power Co., which has a $3 billion power plant in
Maharashtra state. The project's sole customer is the Maharashtra State
Electricity Board, which said May 24 that it is canceling an agreement to buy
power from the Dabhol plant.

Dabhol: Lessons for FDI
Swaminathan S Anklesaria Aiyar

06/27/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

IT WILL be hard for foreign investors to look seriously at India until this
(Dabhol) dispute is resolved in a satisfactory way. So said Alan Larson, US
Under-secretary of State for business and agriculture, at the meeting of the
Indo-US Business Council last week.
Many other observers of the foreign investment scene, including Indian
diplomats in Washington, say the same.
Some Indians take comfort in the fact that neither Moodys nor Standard and
Poors have downgraded India as a credit risk. But these rating agencies rate
the safety of not FDI but of sovereign Indian paper.
Now, the government of India is clearly able and willing to service all its
foreign debt. Its forex reserves stand at a record $43 billion, and its debt
service ratio is down from a peak of 33 per cent to just 15 per cent or so.
In the case of Dabhol, the central government has reaffirmed that it will
honour its counter-guarantee. The entity that is both unwilling and unable to
pay is the Maharashtra state government.
The Maharashtra chief minister has made it clear that he does not believe in
enforcement of contracts: he believes a politician has the right to renege on
contracts simply on the ground that the price looks too high. Such wilful
default is far worse in the eye of the foreign investor than mere bankruptcy.
Maybe Dabhol will be renegotiated satisfactorily and the dust will settle.
Meanwhile, it is essential to distil lessons from Dabhol for FDI.
One lesson is that a foreign investor who negotiates a deal that yields a
fabulous price from his viewpoint but bankrupts the customer is not a
fabulous deal at all but a bad one that invites political risk on top of
commercial risk.
The second and more important lesson is that state governments in India are
bankrupt but individuals and corporations are solvent. Enron made the serious
error of thinking it was easier to collect dues from a state government than
individual consumers.
Other foreign investors in telecom, ports, banking and roads are faring
better because their bills are paid by individuals and corporations.
Not long ago, Maharashtra was regarded as one of the best administered and
most solvent states. The Maharashtra State Electricity Board used to generate
healthy profits in excess of Rs 100 crore per year.
The states fiscal deterioration in the last five years has not received the
attention it deserves. All states were hard hit by the Pay Commission award,
and most analysts (including me) blithely assumed that `good states like
Maharashtra would bounce back.
That optimism has turned out to be misplaced. Except for Gujarat, Tamil Nadu
and possibly one or two others, state governments today seem unable to meet
their commitments.
Worse, they regard this state of affairs as somewhat unfortunate but
nevertheless a political necessity.
They are not inclined to make the wrenching changes needed reducing non-merit
subsidies and surplus staff, while increasing the collection of taxes and
user charges.
The quality of public services keeps deteriorating, which is why ruling
parties keep losing elections. What election pundits call the anti-incumbency
factor is simply unrepentant non-performance.
This has been institutionalised since every outgoing regime believes that the
other side will fail to perform too, letting it return to power unreformed.
For many decades of planned development, the private sector was perceived to
have little money while governments were perceived to have very deep pockets.
The very opposite is true today. State governments are bust, and cannot
deliver even basic services like primary education and health.
Meanwhile, the private sector is able to take up the biggest projects ever.
Reliance has just built the biggest oil refinery in the world with no
government assistance at all. Individuals today shell out Rs 20 lakh or more
for luxury cars, but governments departments cannot afford even Ambassador
cars.
So, conventional wisdom has been turned on its head. Today, the central
government remains the most creditworthy of all entities.
But, clearly, individuals and companies, warts and all, are more capable of
paying their dues than all but a few state governments.
What implications does this have for FDI? Any foreign investor must carefully
survey potential customers first.
If the main or only buyer is a state government and this is the case for
power projects they should see this as a red flag.
Enron is not the only power producer that cannot collect. The NTPC cannot
collect in full from Kerala for power from Kayamkulam, and Andhra Pradesh too
is in arrears of payment for private power.
In all, state governments have run up arrears of Rs 40,000 crore to public
sector suppliers alone.
If states cannot pay Coal India, Bharat Heavy Electricals or the NTPC for
supplies, why should foreign investors except any better treatment? When
state governments refuse to honour even bank guarantees, can they be expected
to honour escrow commitments?
However, default does not plague other investments where the customers are
corporations or even small individuals.
FDI in ports is working, because port charges are payable by shipping
companies, not state governments. FDI in telecom is working because bills are
paid mainly by companies and individuals.
Toll roads are working too, because the tolls are paid by individual
motorists and truck drivers.
Finally, the central government remains solvent. So FDI in Railway equipment
or defence equipment looks safe enough.
The problem lies not with India as a whole, but with state governments in
particular.
So the real lesson for foreign investors is beware of any projects where
state governments are the sole or even important buyers.
Assume that a political culture of non-payment is spreading where state
governments regard the presentation of unpaid bills as an irritant rather
than a badge of shame.
Finally, do not confuse the bankruptcy of state governments with the
bankruptcy of India or individual Indians.

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

Powermen stage stir, demand Enron's exit
The Times of India News Service

06/27/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

LUCKNOW: With an announcement to continue their agitation till the Enron is
chased out of the country, the power engineers and employees all over the
country observed 'Enron Bharat chodo Diwas' on Tuesday.
The call of the agitation was given by the National Coordination Committee of
Electricity Employees and Engineers (NCCOEEE).
The power men staged demonstrations in front of the Shakti Bhawan here.
Similar demonstrations and other protest meetings were also held at other
district headquarters of the state.
Addressing a meeting, the convenor of Vidyut Karmachari Sanyukt Sanghursha
Samiti, Shailendra Dubey, said that the privatisation experiment of the power
sector had totally failed and Enron was one of its examples. He said that the
Maharashtra Electricity Board had incurred a whopping loss of about Rs 2000
crore in one year because the generation cost of 744 MW capacity Dabhol Power
Project was Rs 8.26 per unit.
"As per the guarantee given by the Maharashtra government to Enron company
and the counter-guarantee given by the central government, if the Maharashtra
electricity board does not purchase power at such exorbitant rates even then
the board will have to cough up the capacity charge of Rs 95 crore per month
to the Enron company," explained the samiti leader.
He said that if the power agreement was not cancelled then not only
Maharashtra electricity board but even the Maharashtra state would become
bankrupt.
The meeting passed a resolution urging the UP Power Corporation not to
purchase power from the Enron under any circumstances.

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

European Markets
Europe Weighs Standard Gas-Trading Contract
By Germana Canzi
Dow Jones Newswires

06/27/2001
The Wall Street Journal Europe
12
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -- Opening up Europe's gas market is slowly getting underway.
One crucial element is lacking -- a standardized short-term trading contract
that will help large customers to pick and choose the best offer in the
market, rather than remain shackled to a traditional long-term supplier.
Energy company representatives will gather in Amsterdam today to thrash out
such a contract.
"Due to the development of gas markets in Europe, especially in Germany, the
time is ripe for creating a standard European contract," said Joerg Spicker,
a spokesman for the European Federation of Energy Traders. Mr. Spicker is
managing director of the German subsidiary of Aquila Energy, a Utilicorp
United Inc. unit.
EFET members will create a "template" that could be used in all the trading
hubs around Europe, which are emerging as delivery locations for gas sold on
a short-term basis, Mr. Spicker said. An attachment to the standard contract
would specify which hub will be used for physical delivery of the gas.
"One hurdle to liquidity (in these hubs) is the lack of a standard contract,"
Steve Asplin, director for Benelux operations at energy firm Enron Corp.
said, adding that he sees the EFET initiative as a positive step forward.
The standard contract is likely to be in euros per gigajoules and will enable
counterparties in the trade to choose which domestic law -- German, Dutch or
English -- should apply to the contract.
By creating such a contract, EFET aims to replicate in the gas sector the
success of its two standard contracts for European electricity trading, which
were launched in 1999 and 2000 and are now widely used for the wholesaletrade
of electricity on the continent.
The standardization of contract terms is deemed essential for development of
spot markets in mainland Europe, following the blueprint set by the U.K.
since the 1980s and in Belgium since 1999.
In addition, the EFET initiative comes just one week ahead of another
industry-wide meeting in London, when representatives of European gas
industry will discuss the creation of U.K.-style trading hubs in northwestern
Europe.
Since earlier this year, small amounts of gas from the U.K., the Netherlands
and Norway have been sold on a short-term basis -- instead of through
traditional long-term contracts -- for delivery in places such as Emden and
Lampertheim in Germany and Oude Statenzijl and Bunde on the Dutch/German
border.
The development of short-term trading there been made possible by the gradual
opening up of pipelines through the so-called third-party access measures
imposed by the European Union's gas directive, which most member states
implemented by the August 2000 deadline.
Developments in the German market, which is estimated at 82 billion cubic
meters a year, have been closely watched by foreign companies wishing to sell
gas to large industries, which are now free, at least on paper, to move away
from their traditional long-term suppliers.
Today's meeting in Amsterdam will be largely attended by lawyers representing
EFET members, such as Germany's RWE AG, the U.S.'s Mirant Energy Corp,
Dynergy Inc. and Enron Europe Ltd.

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

Data Centre bubble bursts amidst dotcom meltdown
Saikat Chatterjee

06/27/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

NEW DELHI: The birth pangs for the barely year-old domestic Internet data
center (IDC) industry have been painful, to say the least. The industry has
gone through enough euphoria and depression to last other industries a
lifetime. IDCs --which house thousands of servers in which companies borrow
space to host their websites -- are now grappling with few clients, empty
racks and missed targets.
Bucked up by the dotcom frenzy, companies pumped in thousands of dollars to
build IDCs only to find out that the market for webhosting services have
suddenly evaporated.
A classic example is Exodus itself--the company that pioneered the IDC
business. It took $3.5 billion in debt to go on a massive expansion plan only
to find out later that demand had dried up as its main clients, the dotcoms
were falling like ninepins.
Fortunately, Indian companies in this category remained relatively unscathed
as most of them had just started their business or were giving final touches
to their business plans when the ``irrational exuberance'' in the dotcom
arena came to an end in April last year. Though some did burn their fingers
they haven't been scarred.
However, not everyone was spared. EXATT, a start up that planned to offer
IDCs among other offerings, is reported to have shut down. Similarly, Enron
and Reliance which announced aggressive plans in this area are learnt to have
put a brake on their expansion plans.
Even though there are only a handful of players, the Indian IDCs are working
with grossly underutilised capacity ranging from 10-20 per cent depending on
the operator.
Despite the advantages of hosting your site in India, many Web hosting
companies still advise their clients to host abroad. ``Today a client has to
pay more for hosting in India as the bandwidth costs are astronomical
compared to the US. There is also a risk of losing traffic/business as the
response time is higher in India-based hosting in the absence of peering
arrangements between the major ISPs including VSNL,'' states Atul Gupta, CEO
of Pugmarks.
Contradicts Sify's Avinash Jayapraphu, VP hosting services, ``When the
traffic is India-centric it is best to host your site in India. We also have
peering agreements with VSNL in place.''
Explains Gupta, ``We (India) are burning a lot of premium bandwidth in double
circuit data flow in the absence of peering. Internet users of an `X' ISP
would need to go all the way to US and come back to India to fetch data from
a data center not connected to that ISP. It adds to the delays.''
Though churn rates are still low compared to US levels, almost every data
centre, especially the older ones have faced it.
Says Sanghi, ``Our only casualty has been Chaitime.com. But we've recovered
our dues from eVentures, which funded us as well as Chaitime.''
Similarly, Satyam acknowledges that so far two customers has dropped out but
argues it is small compared to its client base of 150 odd companies.
With most data centers crowding the corporate space business has been hard to
find. ``Given the market condition, it is difficult to win new clients. Even
corporates are delaying technology spending until the market looks up,'' says
Amit Goenka, CEO of Cyquator Technologies.
Nobody is thus talking about expansion plans. Not until the market looks up.
Will it be six months, one year? Your guess is as good as mine.

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

Enron plans to enter steel trading in India
Rumi Dutta & S Ravindran MUMBAI

06/27/2001
Business Standard
9
Copyright (c) Business Standard

The US-based power giant Enron Corp is planning to get into the steel trading
business in India. The decision comes at a time when it has been reviewing
its India plans and when the global steel industry is in the grip of a
recession.
Enron is actively looking out for steel traders in Asian countries like
India, China, Thailand, Japan and Korea, the company said through a recent
advertisement.
The company at present is into the power, gas, broadband, oil, coal, pulp and
paper, credit and equity derivatives businesses.
Enron is seeking to "change the way in which the global steel industry
transacts", steel industry sources added.
The company plans to focus on expanding the Asian market besides introducing
risk management and financial hedging products in the steel industry. At the
same time, to facilitate online business, a network platform is being put in
place. However, the Enron spokesperson was unavailable for comment.
The energy giant has put most of its India plans on the backburner except the
2184 mw Dabhol power project. The continuance of the project is under cloud,
too, as the Maharashtra government has set up a committee headed by former
Union home secretary, Madhav Godbole, to renegotiate the 1,444 mw second
phase of the project.
The future of another company, Metropolitan Gas, which laying gas pipelines
for transporting liquefied natural gas (LNG), too, is in doubt. Earlier,
Enron had pulled out of its joint venture with the Maharashtra State
Electricity Board (MSEB) and Global Tele-Systems to lay an optic fibre
network across the board's transmission lines.
Enron Oil and Gas is also planning to exit its operations in operations in
the Cambay basin and Panna Mukta oilfields. Although it is not clear why
Enron is planning to get into steel in the wake of a global recession
industry analysts say that it will not encounter one problem faced by its
power sector operations_an ailing state electricity board.
Over the last few months Maharashtra State Electricity Board and the Enron
-promoted Dabhol Power Company which is setting up the controversial power
project in the state have been locked in payment disputes.

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

New York Electricity Supplier Tests Gadget that Controls Heat Via Internet
Akweli Parker

06/27/2001
KRTBN Knight-Ridder Tribune Business News: The Philadelphia Inquirer -
Pennsylvania
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Ah, the 1990s: Sport-utilities ruled the roads. Computers, printers and other
office gadgets invaded homes. Energy to feed them was cheap and plentiful.
Conservation fell casualty to Americans' increasingly energy-dependent
lifestyles.
But indulgence came at a price: As consumers have discovered via soaring
gasoline prices and winter heating bills, payback time has arrived. And
deregulation of the electricity industry could lead to similar sticker shock
in coming years.
Now, New Power Co., a competitive electricity supplier based in Purchase,
N.Y., is giving consumers a way to prepare for that day. In Philadelphia and
Houston, it has begun testing an electronic gizmo that lets the utility
control home heating and cooling systems, plus some lights and appliances,
via the Internet.
Postal worker Bill Dobbins, who lives near the Franklin Mills Mall, is among
the 300 Philadelphia-area volunteers trying out the high-tech devices.
One, a remote temperature control, lets New Power adjust Dobbins' thermostat
via signals sent over the Internet by two to six degrees, so that his heating
and cooling system conserve power.
Dobbins said he joined the experiment because he's "interested in that type
of thing." Plus, "there's the monetary reward."
New Power is paying volunteers $25 to $75 to participate in the program
through September.
For New Power, which is backed by Enron Corp. of Houston, the money is a
pittance compared with the juicy customer data the test program should
reveal.
"What we're really interested in is consumer behavior," said Tim Vail, New
Power's vice president of energy technology solutions. "How does the consumer
use [the new system]? Do they use it?"
New Power and other electricity providers think the setup can save them big
bucks when supply on the electric grid is tight. Vail said the company is
examining how to share some of those savings with customers when and if the
program is delivered to a wider audience in coming years.
The company has divided this summer's test into three parts. The first uses
an automated electricity meter, which will keep tabs on a household's daily
energy use and help New Power understand typical consumption patterns.
The second part is a heating and air-conditioning control pilot, like the one
installed in Dobbins' home. It commandeers a consumer's thermostat and
adjusts it two to six degrees as directed by New Power. The consumer can
override the automatic commands.
"You can't give them a widget and ask them while they're in the middle of a
dinner party to sweat," said Lou Budike, president of Powerweb Technologies,
an energy software company in Media that is negotiating with New Power to
provide more-detailed usage information to consumers online.
Part three of the test lets consumers remotely change their thermostats or
switch lights on and off using any Internet device -- a trick, the company
says, that could come in handy for discouraging burglars and for conserving
power while away on vacation.
The centerpiece of New Power's experiment -- giving a utility the ability to
control customer devices when needed -- is actually a twist on an old theme
in the electricity business: Get enough large customers off the power grid
when demand is highest, and you greatly reduce the risk of blackouts.
Power on the wholesale market is also most expensive at times of day when
demand is highest. So getting big users off the system can save money for the
power company.
In New Power's experiment, a "big user" is actually a bunch of small
customers who have agreed to let New Power automatically adjust their
thermostats based on conditions in the regional energy market.
New Power calls the plan "joint energy management."
It remains to be seen, though, whether companies such as New Power can corral
enough small customers in this manner to turn a profit.
Even with small business customers, "the margin on that size of account is
not tremendous," said Jean-Louis Poirier, an energy analyst with PA
Consulting Group in Washington.
"The residential market is very difficult," Poirier said, because the cost to
sign on a residential customer can range from $200 to $700.
Still, he said these "demand-side management" programs have great potential
for savings.
"In the industrial and commercial market, many times you can save 15 to 20
percent with both changes in customer behavior and capital investment,"
Poirier said.
Under state law, retail prices for electricity in Pennsylvania are capped for
several years. For Peco Energy Co.'s customers, the cap lasts through 2006
for transmission and distribution charges and through 2010 for generation
charges.
After this safe harbor for consumers expires, utilities can pass along more
costs to their customers.
In a deregulated environment, this could mean alarming price increases if
consumer demand cannot be quickly reconciled with supply.
That, in simple terms, explains California's electricity crisis of the past
several months: Retail customers had no incentive to respond to the turmoil
in wholesale power markets until it was too late.
But generally speaking, customers on alternative plans that adjust rates
based on demand or time of day can receive big discounts or rebates over
plain vanilla rates -- if they use electricity at the right time.
For instance, consumers willing to dry clothes late in the evening instead of
during peak electricity use hours could pay less for the electricity they
use. Conversely, they could wind up paying more by running the dryer during
peak times.
It's an idea regulators want to see more of.
The Pennsylvania Public Utility Commission this year ordered all utilities
serving the state to implement programs that deal with the customer, or
demand, side of the energy equation.
While Peco has a time-of-use rate available for residential and other
customer classes, spokesman Michael Wood said it is not heavily marketed.
The company is, however, starting its own pilot program this month with 50
Delaware County customers, offering a "smart thermostat" similar to New
Power's. Peco will offer a discount to customers who let it raise their
thermostats two to four degrees for up to four hours at a time, when demand
for electricity is high.
"Without that, there's no strong incentive for consumers to conserve, when
they don't see the benefit on a real-time basis," Wood said.
Vail said New Power hopes to offer homeowners throughout its territory a
product based on the technologies in its pilot program by next summer.

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

Coal Cos Take Cautious View Of Nymex Coal Futures
By Christina Cheddar
Of DOW JONES NEWSWIRES

06/26/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- The July 12 debut of a long-awaited coal futures
contract on the New York Mercantile Exchange has the potential to increase
the liquidity of the spot market for the commodity and the volatility of coal
prices.
However, some coal suppliers are cautious not to overestimate the impact the
event will have on the industry.
Still, analysts say the futures contract could attract more investor interest
to coal company stocks because it may increase the amount of information
investors have about the direction of coal prices.
Currently, about 20% of the nation's coal is sold in the over-the-counter
spot market, which includes trading exchanges run by Enron Corp. (ENE),
Williams Cos. (WMB) and Aquila Energy Corp. (ILA). While an over-the-counter
market existed for decades, it has gotten much more volatile in recent years
as supplies of coal tightened.
Some company officials and industry analysts believe the coal market has
never been in a better position for the introduction of a Nymex contract than
it is now because the current supply-demand balance is much more healthy for
the industry.
Years of a supply glut, and the low prices that followed, forced many coal
companies to shut down high-cost mines. Also, industry consolidation made the
surviving companies more efficient.
Over the past year, high natural gas prices and short supplies of electricity
in some regions further strengthened industry trends by increasing the demand
for coal from power producers, which can use coal to generate electricity.
Despite these favorable industry trends, vast differences in the properties
of coal will make it more difficult to trade than many other commodities,
analysts said. Types of coal are typically separated by region - for example,
East, West and Appalachian. The amount of sulfur, ash, moisture and volatile
matter in the coals also has an impact on how the fuel is priced.
"Coal is not a homogenous product by any means," said Michael Dudas, an
analyst at Bear Stearns & Co.
Also complicating the trading of coal contracts is the lack of flexibility
about where coal can be physically moved, said David Khani, an analyst at
Friedman Billings Ramsey & Co. "It will take an industry behind the scenes to
(make it work)," he said.
Another constraint is the industry's practice of signing long-term supply
contracts, which can sometimes stretch more than a decade. Some fear that if
too much supply remains locked into contracts, it will stall the building of
liquidity in the futures market.
In recent years, however, buyers have opted more often for supply contracts
that average three to five years in length. Often, these agreements include
options that allow the deals to be renegotiated if there is a dramatic change
in prices.
In order for coal to trade successfully, it will need to clear these hurdles.
Dudas warned that not every contract the Nymex launches succeeds, and said he
will be among those waiting to see how things develop.
"I'm not sure how much liquidity we might see in the start," he said.
Peter Ward, an analyst at Lehman Brothers Inc., also raised concerns about
liquidity. He said his initial perception is that it will be tough to trade a
coal contract because so little coal currently is traded in the spot market.
Others were more optimistic.
It may take a while to take off, said Morgan Stanley Dean Witter analyst
Wayne Atwell, but Nymex trading should make for a deeper market.
Khani said the contract is important for the industry because the equity
market needs to see easily where coal prices are trading.
"The price of coal is somewhat of an enigma to a lot of people," he said.
"(Investors) are making the judgment that coal prices fall with oil and gas
prices, but coal prices are holding very firm," he said. Coal Suppliers See
Futures As New Industry Tool

Some coal suppliers are less doubtful about the contract's ability to be
successful. However, they expect it will take some time before there is
enough interest to affect their earnings significantly.
Arch Coal Inc. (ACI) views the Nymex contract as a tool that it can use to
hedge its exposure in the market, said Henry Besten, vice president of
strategic marketing.
Although Besten expects the exposure on Nymex will increase the liquidity of
the current spot market for coal, he also said it is a natural extension of
the trading activity that already exists.
Besten also expects the exposure on Nymex will introduce financial players
into the market, which may increase the volatility of coal prices.
Although Arch will take advantage of trading opportunities to try to increase
its profits, the St. Louis company doesn't think of trading as a separate
revenue stream.
The event may ultimately be more significant for Peabody Energy Corp. (BTU),
which is a more active trader of coal.
About 3% of Peabody's revenue, and roughly 3% to 5% of its earnings, come
from its trading activities, said Vic Svec, a company spokesman. He added
that Peabody, the largest private-sector coal company in the world, doesn't
provide specific segment detail.
According to Svec, the St. Louis company began expanding its coal-trading
business once it saw the market was moving toward real-time trading.
Coal trading provides Peabody with an additional tool through which it can
fulfill its contracted orders, sell its uncontracted coal and produce a
sales-trading book of business, he said.
Svec said it was too early to determine what impact the Nymex contract may
have on its revenue growth.
"It has the potential to improve the liquidity in an emerging trading
market," Svec said.
It also may be too soon for others to judge as well. An official at Massey
Energy Co. (MEE), a Richmond, Va., coal company, declined to comment on the
upcoming contract and said the company was still "studying the situation."
Officials from several other coal companies didn't return phone calls asking
for comment.
The upcoming futures contract also will give large industrial users of coal
the ability to hedge their exposure to price swings in the market. Some large
coal consumers may decide to employ a variety of purchasing techniques,
including signing long-term contracts for a portion of their needs, while
fulfilling the remainder of their needs in the spot market.
-By Christina Cheddar, Dow Jones Newswires; 201-938-5166;
christina.cheddar@dowjones.com

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

Oregon Vote on Electricity Deregulation Delayed by Partisan Dispute

06/26/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

SALEM, Ore. -- Oregon's final vote on a bill setting a March 1 start date for
partial electricity deregulation may be delayed several more days because of
an unrelated partisan dispute, the bill's sponsor said.
Oregon's House of Representatives was originally scheduled to vote Monday on
the bill that would give large business customers the option of retaining
regulated rates until July 2003 or buying power from competing electricity
suppliers beginning March 1, 2002.
But Democrats have boycotted the state's Capitol since Monday in protest of a
Republican-backed redistricting plan, said Representative Betsy Close (R.,
Albany). "It's unlikely we will get to the [deregulation] bill Wednesday,
though it could happen any day now," she added.
Since the redistricting plan lapses if it isn't acted upon by Sunday, Rep.
Close said a vote on the deregulation bill isn't likely to be postponed
beyond this week. "My guess is we'll vote by Friday. ... Once it comes to a
vote, the bill should pass easily," she noted, adding that she believed Gov.
John Kitzhaber supports the measure.
If the restructuring bill passes, state regulators will determine by late
July which customers of Enron Corp.'s (ENE) Portland General Electric Co.
unit and Scottish Power's (SPI) PacifiCorp qualify as "large businesses,"
said Bob Valdez, Oregon Public Utilities Commission spokesman.
Residential and small-business customers will continue to have regulated
rates.
Large customers were originally slated to be allowed electricity-generator
choice on Oct. 1, but Mr. Valdez said legislators want to revise the date to
ensure the state gets through its high-demand winter months without the
possibility of glitches caused by the new system.
The new date also ensures customers won't mistakenly attribute an unrelated
rate increase, also planned for Oct. 1, to the start of deregulation. The
rate increase is necessary because the Bonneville Power Administration, a
federal hydropower marketer which sells to the state's utilities, must buy
more power than usual in the high-priced spot market to meet burgeoning
customer demand.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

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

El Paso: Calif Supply Constraints Keep Gas Prices Up

06/26/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Natural gas prices, at six-month lows across most of
the country, are still influenced by pipeline constraints in California, El
Paso Corp. (EPG) contended Tuesday.
"Demand for natural gas in California has exceeded available supply," said
Norma F. Dunn, El Paso's senior vice president of communications and
government affairs.
Dunn said a gas supply-demand imbalance "still exists in California," but not
because of transportation tariff agreements on the El Paso pipeline system.
El Paso's response to the high gas prices in California came a day after the
Federal Energy Regulatory Commission said it will investigate California's
gas infrastructure to determine why gas prices into the state are so much
higher than in other parts of the country.
"If you look at the map to see where prices are unusually high, you'll see
one place is northern California and the other is southern California," said
FERC Commissioner Pat Wood on Monday during a meeting with California
regulators and state officials.
Wood singled out gas transportation into and within the state as "something
of concern."
But reduction in demand and increases in supply, along with moderating
weather nationwide, have led to a fall in gas pricing nationally, according
to a press release from El Paso on Tuesday.
Dunn said because California doesn't have a sufficient pipeline
infrastructure, demand for gas in the state is still higher than the
available supply.
In June 2000, when El Paso Natural Gas Co.'s El Paso Merchant Energy unit
held transportation rights on the system, the natural gas price differential
between Texas and New Mexico producing regions and California was 27 cents,
only 5% of its present differential, Dunn said.
The differential from the producing region to New York on Transcontinental
Zone 2 Pool was 38 cents a year ago, and 45 cents this month, the company
said.
In the Midcontinent, El Paso said the price differential on NGPL-Midcontinent
pipeline, ANR-Oklahoma and Northern Natural Gas pipeline ranged from 25 cents
a year ago to 29 cents in June.
The company based its figures on industry pricing data.
El Paso Merchant Energy is one of about 30 companies that own capacity on the
El Paso line, including Enron Corp. (ENE), Dynegy Inc. (DYN), Duke Energy
(DUK), PG&E Corp. (PGC), Williams Energy (WMB), San Diego Gas & Electric Co.,
and Sempra Energy (SRE) units Sempra Energy Trading Corp. and Southern
California Gas Co.
Also, Dunn said, gas prices have fallen considerably in California since the
winter, with more electricity available from non-gas-fired generation,
including nuclear and hydroelectric facilities, cutting back a need for
gas-fired plant fuel. Energy conservation efforts have eased power demand,
and storage facilities across the country are filling at a record pace.
Recently, El Paso offered open seasons on lateral pipelines within California
and intends to expand its system in the state.
-By John Edmiston, Dow Jones Newswires; 713-547-9209;
john.edmiston@dowjones.com

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

Enron Corp. Dives Into Retail Canadian Power, Gas Markets

06/26/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

CALGARY -(Dow Jones)- Enron Corp. (ENE), the Houston-based energy marketing
company, launched Tuesday a Canadian retail natural gas and power subsidiary
in Calgary, looking to cash in on the deregulated electricity market in
Alberta.
The new unit, Enron Direct Canada Corp., is targeting about 100,000
industrial and commercial consumers in Alberta, seat of Canada's only fully
deregulated power market.
Enron Direct competes against two dozen established power marketing firms and
four natural-gas retailers already operating in the province, including
incumbents Epcor Utilities of Edmonton and Enmax Corp. of Calgary, which
Enron Canada Corp. President and Chief Executive Rob Milnthorp likened to
corner grocery stores.
"Being the largest wholesaler of natural gas and electricity in Canada gives
us tremendous strength that allows us to compete in the retail sector,"
Milnthorp said at a press conference Tuesday. "Volume buyers can offer better
prices than a small grocery chain on the corner."
Lisa Doig, manager of energy procurement with Calgary-based Optimum Energy
Management Inc., called Enron's entry into Alberta refreshing, particularly
for the smaller commercial consumer who has largely been ignored in terms of
contract options by most of the energy marketers.
"When you bring someone with a completely different perspective on to the
playing field, it brings competition to a new level," Doig said.
Enron has been participating in Alberta's deregulated market since April,
having laid the groundwork last year when it secured a 20-year contract for
700 megawatts from the coal-fired Sundance generation plant in northcentral
Alberta.
The C$300 million power purchase arrangement was part of the provincial
government's plan to increase market competition in Alberta, which was opened
in January.
Calgary-owned Enmax bought a 760-MW, 20-year contract in the same electricity
auction, and an undisclosed amount of power during a subsequent power auction
in the autumn. Spokesman Tony McCallum said the utility feels quite
comfortable with its electricity portfolio and position in the market.
"Competition is a fact of life," McCallum told Dow Jones Newswires. "Enron
coming in shows deregulation is working in Alberta."
Enmax's first-quarter revenue of C$400 million was almost triple its revenue
for the same quarter in 2000, with a 25% increase in volume of power sold.
About two-thirds of Enmax's customer base is commercial and industrial.
Optimum Energy's Doig said she hopes Enron Direct enters Alberta's
residential market soon to shake up incumbents' complacency. While the
province is admittedly one-eighth the size of the Ontario market, Alberta is
a good stepping stone for Enron, she said.
That would put Enron in place to buy Alberta's ATCO gas and power retail
outfits, put on the block early this month, representing the bulk of the
province's residential customers. But ATCO Group's communications director,
Catherine Drever, flatly denied Monday the utility was being acquired by
Enron.
Darren Cross, Enron Direct's chief operating officer, said the company might
look at targeting residential customers in the future, but is focussed on
commercial and industrial power needs - representing businesses' largest
expense after payroll - for present.
"The idea of being able to lock your commodity in and be able to budget
around what you're going to pay for that commodity, on a go-forward basis,
for 1-5 years is invaluable for businesses," Cross said.
Enron Direct's plans to enter Ontario have been put on hold until a fixed
market opening date is announced by the provincial government.
Milnthorp previously said the building of an Enron-proposed co-generation
plant in Ontario is being threatened by the lack of government commitment to
deregulation.
"We want an unconditional market opening date," he said.
Enron has no immediate plans to add to Alberta's generation mix, Milnthorp
said.
-By Dina O'Meara, Dow Jones Newswires; 403-531-2912 dina.omeara@dowjones.com

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

Enron to Start Commercial Power, Gas Sales in Alberta (Update1)
2001-06-26 16:26 (New York)

Enron to Start Commercial Power, Gas Sales in Alberta (Update1)

     (Closes shares.)

     Houston, June 26 (Bloomberg) -- Enron Corp., the biggest
energy trader, has started selling electricity and natural-gas
supply contracts to companies in Alberta, the Houston-based
company's first direct sales effort in Canada.
     Enron, already Canada's biggest wholesale marketer of gas and
electricity, will offer long-term, flexible contracts to
businesses in Alberta, said Rob Milnthorp, chief executive of
Enron's Canadian unit. The company has already started marketing
the energy contracts to Alberta's 100,000 businesses.
     The company said Alberta businesses use about 120 million
gigajoules of gas a year and about 2,800 megawatts of electricity
an hour. A megawatt is enough to light about 1,000 average U.S.
homes.
     Alberta opened its energy markets to competition this year,
the first of Canada's provinces to do so. It later placed price
caps on retail electricity prices that are set to expire next
year.
     Enron Direct won't immediately sell energy to retail
customers in the province, Milnthorp said.
     ``Right now we're in the commercial marketplace. The
residential market will be evaluated,'' he said.
     Enron bought the output of a central Alberta electricity
plant for C$294.8 million ($194.6 million) in a province-run
auction of power generating plants in August. Milnthorp said Enron
will spend a further C$1 billion to operate the plant over the
life of the 20-year contract.
     The Sundance B plant, owned by TransAlta Corp., produces
about 706 megawatts, enough to light 706,000 average U.S. homes.
Enron has been selling power from the plants on a wholesale basis
through Alberta's power grid.
     Since 1990, the company has been buying natural gas from
producers in Alberta, the biggest exporter of the fuel to the U.S.
Under the government's deregulation plan, it can to sell gas
directly to customers using existing pipeline.
     Shares of Enron rose 12 cents to $44.19.

Enron Says Indian Court Defers Decision on Jurisdiction
2001-06-26 18:35 (New York)

Enron Says Indian Court Defers Decision on Jurisdiction

     Houston, June 26 (Bloomberg) -- Enron Corp. said an Indian
court deferred a decision on whether a regulatory agency has the
jurisdiction to rule in a dispute between the company and a
regional government that is refusing to pay its power bills.
     The Mumbai High Court gave the Maharashtra Electricity
Regulatory Commission, the regulatory agency, six weeks to decide
whether it has jurisdiction to settle a dispute on termination of
the seven-year-old power-purchase agreement. Enron called the
ruling ``positive.''
     Enron owns Dabhol Power Co., owner of a $3 billion power
plant in Maharashtra state. The project's sole customer is the
Maharashtra State Electricity Board, which said May 24 that it's
canceling an agreement to buy power from the Dabhol plant.
     The cancellation came after Dabhol Power started proceedings
to end the contract. The board owes 3 billion rupees for power
supplied in December and January.
     Dabhol Power argued that the board didn't have the right to
terminate the contract, and the Maharashtra board referred the
dispute to the commission.
      Dabhol Power sued, arguing that the commission was created
in 1999, after the power purchase agreement was signed, and
therefore doesn't have the authority to decide the dispute.
     ``We are pleased that the court saw the need for timely
action,'' Enron spokesman John Ambler said. ``We continue to have
confidence in the fairness of the court system in India and will
take the steps necessary to satisfactorily resolve the issue.''
     Shares of Houston-based Enron, which owns 65 percent of
Dabhol Power, rose 12 cents to $44.19.


* Definition of Price Volatility
* Historical vs. implied vs. model derived volatility
* Estimation of volatility from historical data in the presence of
??????- seasonality
??????- jumps
??????- fat tails
* Stochastic volatility models
* Recent cases of extreme price volatility in the power markets in the US:
the causes and remedies


It's an Amerex deal. I've changed it.

Kate

Kerri Thompson@ENRON
01/24/2001 02:38 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb check out

504017  not there deal


We said it was coming and here it is.....

Bottom-Line Project Management
The Foundation Course
July 25 )26, 2000

Target Audience
This class is for people new to project management, from all functions and at
all leadership levels.  In addition, it's for shirt sleeve project managers,
members of large project teams and individual contributors.  Participants may
have business experience but little project management training.  They do
part of the project themselves and use borrowed resources to do the rest.

The &Basics8
Teaches the basics ) how to plan, schedule, resource, influence, track,
report and complete any size project in any area.  Features pre-work, action
learning, individual and team exercises and a mini-simulation of a project on
which participants practice skills and get immediate feedback on results.

What You Learn
Participants learn and take away an application package, The Bottom-Line Tool
Kit, to successfully implement their next project assignment.  There is an
option to use project software in class to identify critical path, modify
tasks, and control projects.

Key Learning Points:
Speak a Common Language ) Use Basic Terms, Answer Key Questions
Identify Behaviors of Effective Project Leaders and Teams
5-Step Common Sense Methodology to Plan, Organize, Resource, Implement and
Close-Out Any Size Project ) In Any Area
Organizational Terms & Definitions:  Stakeholders, Customers, Sponsors, etc.
Develop and Apply 3 Key Visual Tools to Planing and Track Performance
Resource, Staff and Complete Projects, with Limited, &Borrowed8 Resources
Basic Influence Skills ) How to Get Timely Help
Control Costs Against Project Budget
Communicate ) Track and Report Progress ) Who, When, and How
Bottom-Line Tool Kit ) Apply Learnings to Your Projects

Length
2 days

Location/Time
Crowne Plaza Houston Medical Center
6701 South Main Street, Houston Medical Center

7:45 a.m. - Continental Breakfast
8:30 a.m. - Program begins
11:45 a.m.  - Lunch (approximately)
5:00 p.m. - Program close

Cost
$975 - non-transferable and non-refundable; billed to your RC and company
number

To Enroll
Sign up on line through the Organizational Development & Training Intranet
site, which can be accessed through Enron's Home page.  Click on "sites",
"intranet sites" and then "Organizational Development & Training".  Then
click on "training" and then "leadership training".  Or, go directly to the
site by entering the intranet address below.

http://home.enron.com:84/training/training/index.htm

If you have any questions about this course or any other offerings
sponsored by OD&T, feel free to contact
Susan M. Lewis at 713-853-9712 or slewis2@enron.com.


I apologize if you receive this twice.  Good information - call Geriann to
get added to dist.

Jared
---------------------- Forwarded by Jared Kaiser/HOU/ECT on 04/20/2001 01:45
PM ---------------------------
From: Geriann Warner@ENRON on 04/20/2001 01:06 PM
To: Dan Staines/HOU/ECT@ECT, Steve Montovano/NA/Enron@Enron, Ron
Tapscott/HOU/ECT@ECT, David Fairley/Enron@EnronXGate, Shelley
Corman/Enron@EnronXGate, dbasford@mediaone.net, Mathew Gimble/HOU/ECT@ECT,
mcurry@enron.com, Richard Shapiro/NA/Enron@Enron, Greg
Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON,
bjacoby@ect.enron.com, Steve Krimsky/Corp/Enron@Enron, Thomas
Suffield/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, SSLATER@epsa.org, Jack Boatman/FGT/Enron@ENRON,
Jared Kaiser/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT,
doug.arnell@enron.com, mitch.robinson@enron.com
cc:
Subject: Fwd: FW: Duke Energy Respectfully Requesting Legislative Action
Relative to Wholesale Merchant Plants

From Marchris

Geriann Warner
Government Affairs - The Americas
1400 Smith Street, EB 4740C
Houston, TX  77002
Tel: 713-853-5036
Fax: 713-853-7297
E-Mail: geriann.warner@enron.com
----- Forwarded by Geriann Warner/NA/Enron on 04/20/2001 01:04 PM -----

	Marchris Robinson
	04/20/2001 10:39 AM

		 To: Geriann Warner/NA/ENRON@ENRON
		 cc:
		 Subject: Fwd: FW: Duke Energy Respectfully Requesting Legislative Action
Relative to Wholesale Merchant Plants

Forward to FL distribution list.

Note:  The Florida legislative session ends May 4.  It is highly unlikely
that any action will be taken on wholesale electric deregulation this
session.

I spoke to a staff member of the House Utility and Telecommunication
Committee yesterday and she informed me that they are starting the process
for an interim legislative study to expand on the interim report prepared by
the 2020 Study Commission (specifically the "stranded benefits" issue).

MR
----- Forwarded by Marchris Robinson/NA/Enron on 04/20/2001 10:31 AM -----

	"Bill L. Bryant" <BILL@katzlaw.com>
	04/20/2001 06:19 AM

		 To: <Marchris.Robinson@enron.com>
		 cc:
		 Subject: Fwd: FW: Duke Energy Respectfully Requesting Legislative Action
Relative to Wholesale Merchant Plants

In case Larry didn't already send this to you.

Katz, Kutter Haigler, Alderman, Bryant & Yon et al
106 East College Avenue, Suite 1200
Tallahassee, FL  32301
(850) 224-9634
www.katzlaw.com
_______________________________________

This transmission is intended to be delivered only to the named addressee(s)
and may contain information that is confidential, proprietary, attorney
work-product or attorney-client privileged.  If this information is received
by anyone other than the named addressee(s), the recipient should immediately
notify the sender by E-MAIL and by telephone (850) 224-9634 and obtain
instructions as to the disposal of the transmitted material.  In no event
shall this material be read, used, copied, reproduced, stored or retained by
anyone other than the named addressee(s), except with the express consent of
the sender or the named addressee(s).  Thank you.

Received: from fileserver.plante-adams (x.electronet.net [216.173.171.2]) by
mail.katzlaw.com; Wed, 18 Apr 2001 17:24:48 -0400
Received: by FILESERVER with Internet Mail Service (5.5.2653.19) id
<2WAMASTW>; Wed, 18 Apr 2001 17:27:35 -0400
Message-ID: <B537FE05F1F7D411B76C000103348D7BED7D@FILESERVER>
From: Sally <Sally@Plante-Adams.com>
To: "J. Larry Williams (E-mail)" <larry@katzlaw.com>
Subject: FW: Duke Energy Respectfully Requesting Legislative Action Relati ve
to Wholesale Merchant Plants
Date: Wed, 18 Apr 2001 17:27:34 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_000_01C0C84E.624A88B0"

>  -----Original Message-----
> From:  Sally
> Sent: Wednesday, April 18, 2001 4:08 PM
> To: 'campbell.walter.s33@leg.state.fl.us'; 'miller.jeff@leg.state.fl.us'
> Cc: 'mckay.john.web@leg.state.fl.us'; 'feeney.tom@leg.state.fl.us';
> 'fl_governor@myflorida.com'; 'crist.victor.web@leg.state.fl.us';
> 'king.james.web@leg.state.fl.us'; 'portilla.alex.web@leg.state.fl.us';
> 'horne.jim.s06@leg.state.fl.us'; 'latvala.jack.web@leg.state.fl.us';
> 'lee.tom.web@leg.state.fl.us'; 'sanderson.debby.web@leg.state.fl.us';
> 'dawson.mandy.web@leg.state.fl.us'; 'geller.steven.web@leg.state.fl.us';
> 'holzendorf.betty.sen@leg.state.fl.us'; 'klein.ron.web@leg.state.fl.us';
> 'schultz.debbie.web@leg.state.fl.us'; 'attkisson.frank@leg.state.fl.us';
> 'barreiro.gustavo@leg.state.fl.us'; 'portilla.renier@leg.state.fl.us';
> 'garcia.rene@leg.state.fl.us'; 'goodlette.dudley@leg.state.fl.us';
> 'haridopolos.mike@leg.state.fl.us'; 'hogan.mike@leg.state.fl.us';
> 'johnson.randy@leg.state.fl.us'; 'littlefield.ken@leg.state.fl.us';
> 'paul.jerry@leg.state.fl.us'; 'ritter.stacy@leg.state.fl.us';
> 'joyner.arthenia@leg.state.fl.us'; 'kosmas.suzanne@leg.state.fl.us';
> 'ryan.tim@leg.state.fl.us'; 'siplin.gary@leg.state.fl.us';
> 'smith.chris@leg.state.fl.us'; 'mgreen@duke-energy.com'
> Subject: Duke Energy Respectfully Requesting Legislative Action
> Relative to Wholesale Merchant Plants
>
> Mike Green, Vice President of Duke Energy North America, has asked me to
> forward to each of you the following letter (Request for Legislative
> Action). The second attachment (Utility Comparison Table.doc) is the table
> referenced in his cover letter. Thank you in advance for taking the time
> to read his letter which addresses the urgency to take at least some
> legislative first steps relative to wholesale power plants in Florida.
>  <<Request for Legislative Action.doc>>
>  <<Utility Comparison Table.doc>>

 - Request for Legislative Action.doc
 - Utility Comparison Table.doc


Armed with a target list of purchasers, we can craft the new product pop-up to hit those companies' systems when they log on, which would give them the following information:

General description of the assets
Contact information (names & numbers)
Directions on re-filtering for the Turbine Product (which would be housed under US Power and accessible only to those pre-approved companies)

The Long Description would essentially be the turbines' Spec Sheet.  But if a counterparty clicks on the Offer, we could replace the GTC's with a Term Sheet or LOI which binds the counterparty to 30 days of diligence with a break-up fee if the deal doesn't close.  If the company isn't willing to commit to that, the contact information will be their route to getting more information.

Thoughts?
Brad

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, August 28, 2001 3:37 PM
To:	Richter, Brad
Cc:	Webb, Jay; Thome, Stephen; Taylor, Mark E (Legal)
Subject:	RE: eNYMEX

Ah-ha!

The turbines idea on EOL.  I don't want to post an advetisement only I want them to post the turbines themselves.  So essentially just like a new product launch we would have a pop up announcing a new product and the new product would be our turbines - exactly the same as any other product.  They have to post the turbines out there and obviously there will only be an offer and they will be for the ABBs we actually have in Canada.  You never know someone may click - it would be an interesting concept and probably non-binding as there would be site inspections etc.

But not an advert - actually posting the turbines.

Louise

 -----Original Message-----
From: 	Richter, Brad
Sent:	Tuesday, August 28, 2001 2:39 PM
To:	Kitchen, Louise
Cc:	Webb, Jay
Subject:	RE: eNYMEX

Bob Shults and I will be attending an eNYMEX reception this Thursday, and John and Greg are still trying to coordinate a meeting with Bo and Vincent.  Short answer-- we've got it as covered as possible for now.

Another item:  I got a call from Stephen Thome in ENA who wanted us to post something like an advertisement for your turbines on EnronOnline.  Jay confirmed that it was technically feasible to craft a pop-up that targets certain customers with information and links to documents and spec sheets.  I'm told we have resisted this approach in the past because it has the potential to get out of hand once the genie gets out of the bottle, so to speak.  I think it fits well for the turbines, but I wanted to make sure you were behind this idea before we launched into development.

Brad

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, August 28, 2001 8:34 AM
To:	Piper, Greg; Leach, Doug
Cc:	Richter, Brad; Webb, Jay
Subject:	RE: eNYMEX

I am assuming that Greg Piper is going to handle this - you may want to talk to John Arnold as he has some good ideas for a deal with Nymex.

 -----Original Message-----
From: 	Piper, Greg
Sent:	Wednesday, August 08, 2001 3:14 AM
To:	Leach, Doug; Kitchen, Louise
Cc:	Richter, Brad; Webb, Jay; Whalley, Greg
Subject:	RE: eNYMEX

I would be happy to meet with them so feel free to set something up.  We have had contact in the past with NYMEX on some of these issues and I can explain the story later.

My asistant is Tina Spiller and I am in next week (I am in London this week) so maybe we can get together and discuss.

thanks.

GP

 -----Original Message-----
From: 	Leach, Doug
Sent:	Tuesday, August 07, 2001 1:32 PM
To:	Kitchen, Louise; Piper, Greg
Cc:	Gagliardi, Larry
Subject:	eNYMEX

I recently met Robert "Bo" Collins, the new President of the NYMEX and formerly with El Paso. Bo is keenly aware that the NYMEX has fallen down in two areas--first, catering too much to the locals, while ignoring their true customer base and secondly, not following through with the eNYMEX rollout. Bo along with Vincent Viola, the new Chairman of the NYMEX are dedicated to correcting these two problems immediately. Personally, I think there is a chance that EnronOnline could partner with the NYMEX and it could benefit both. Obviously, they need us far more than we need them, but there is a window of opportunity due to the recent change in the NYMEX management. Is this something of interest and if so, should we follow up? Bo and Vince will be in Houston in late August for a NYMEX cocktail party at ROCC and I could arrange a meeting at Enron.


Sara,

Per my last e-mail on the Papeis Inapa deal, herewith for your complete
information a copy of the final form of Deemed ISDA Confirmation very
helpfully drwan up by Edmund Cooper in London to document the trade between
EEFT (for ECTRIC) and Papeis Inapa.

May be when you get a few minutes, we can have a chat just to confirm the
Enron entities involved in paper deals in Europe as there appear to be
certain people in London who are a little confused on this issue.

Kind regards

Mark

Edmund Cooper
08/03/99 02:26 PM
To: Tom Bruce-Jones/LON/ECT@ECT
cc: Mark Elliott/LON/ECT@ECT
Subject: Papeis Inapa - deemed ISDA confo; final version

Tom,

Here's the final version, subject to:

1. Need to insert the Trade Date at the top of page 2
2. Need to insert the Houston deal number.

Let me know if you have any queries.

Regards, Edmund.


Pls print out copies for my files.

Thanks,

 -----Original Message-----
From: 	East, Laynie
Sent:	Thursday, September 20, 2001 5:22 PM
To:	Tycholiz, Barry
Subject:	2002 Direct Expense Plan

Barry - For your cost center, I increased travel by $25k and Conferences & Training by $2,697.  I didn't make any other changes to Mark's.

These two files show the detail.

This file shows the combined plan for West Origination.  The "Income Statement" tab is what will be presented to Office of the Chair.

Let me know if you need anything else.

Thanks,
Laynie
x3-3131


Dear John

We Really need those Affidavits to be filled and turned in to fraud dept as
soon as possible in ofder to bring your account up to zero balance.

We would really appreciate it.

Yours, ameer.


Sure - let's do the Lucky Labrador, if it works for you to give me a ride
home afterward (or I could cab it - that's become my new favorite mode of
transportation). So unless I hear otherwise, I'll see you there at 6.

Kate

John Enders <jenders@ap.org> on 04/25/2001 02:01:25 PM
To: Kate.Symes@enron.com
cc:

Subject: Re: a beer

That would be possible, of course. You say where.
Or, we could meet across the river at the tavern on Hawthorne and
I could drop you at your home  later. Whatever you prefer. Just make it easy.
Lemme know soon. I leave at 3:30

Kate.Symes@enron.com wrote:

> Okay - I won't be able to get out of here before 5 p.m., so 6 p.m. might be
> better. Also, I am car-free these days, and I completely forgot you wanted
> to meet east of the river. Would it be too much trouble to meet in NE -
> that's where I live, and there aren't any buses directly from SE to NE,
> unfortunately. Let me know if this works for you. Sorry for the hassle!
>
> Kate
>
> John Enders <jenders@ap.org> on 04/25/2001 12:48:50 PM
>
> To:   Kate.Symes@enron.com
> cc:
>
> Subject:  Re: a beer
>
> Sure. I know busy.
> I suggest the Lucky Labrador Brewing Co., on S.E. Hawthorne at 9th.
> I can do 4 p.m., or 6 p.m. Whichever is best for you.
> John
>
> Kate.Symes@enron.com wrote:
>
> > So sorry for not getting back to you sooner - it seems I've acquired two
> > new jobs in addition to the full time schedule I already kept. But
> tonight
> > still works for me - just let me know when and where.
> >
> > Kate
> >
> > John Enders <jenders@ap.org> on 04/25/2001 10:28:41 AM
> >
> > To:   Kate.Symes@enron.com
> > cc:
> >
> > Subject:  Re: a beer
> >
> > Are we on, or off?
> >
> >
> ------------------------------------------------------------------------
> >                   Name: $RFC822.eml
> >    $RFC822.eml    Type: Microsoft MHTML Document 5.0 (message/rfc822)
> >               Encoding: base64
>
>   ------------------------------------------------------------------------
>                   Name: $RFC822.eml
>    $RFC822.eml    Type: Microsoft MHTML Document 5.0 (message/rfc822)
>               Encoding: base64


Shelley, I am assuming you are aware of this.  In case you weren't, I thought I would
	pass it on.  This is Bill's address.  Thanks. Lynn

 -----Original Message-----
From: 	Benner, Martha
Sent:	Friday, August 24, 2001 4:06 PM
To:	Steele, Patricia
Cc:	Blair, Lynn
Subject:	RE:  Bill Cordes's father passed away

16540 L Street
Omaha, NE  68135-1321

 -----Original Message-----
From: 	Benner, Martha
Sent:	Friday, August 24, 2001 9:51 AM
To:	Carmen Schmahl (E-mail); Donald Howland (E-mail); Ethel Cockson (E-mail); Mary Johnson (E-mail); Steele, Patricia; Tammy Kovalcik (E-mail)
Subject:	FW: Bill Cordes's father passed away
Importance:	High

 -----Original Message-----
From: 	Becker, Diane
Sent:	Friday, August 24, 2001 9:33 AM
Subject:	Bill Cordes's father passed away
Importance:	High

 We regret to inform you of the passing of Bill Cordes's father Ray.

The services will held at 11:00 AM on Monday, August 27 at
Heafey-Heafey-Hoffman-Dworak-Cutler Funeral Chapel
7805 West Center Road
391-3900

Visitation will be at the funeral home on Sunday, August 26 from 6:00 to 8:00 PM.


We have received the executed EEI Master Power Purchase and Sale Agreement
dated 2/2/2001 from the referenced CP.  Copies will be distributed to Legal
and Credit.


Thought I would remain incognito.