We have put together the following list of issues for the request for
rehearing of the FERC's November 15 order.  We would appreciate your input
about whether to pursue these issues and we will still have to decide who
will write up the various issues (Alan, Bracewell, WPTF, or EPSA).  Requests
for rehearing are due on January 14, 2001.

We oppose doing away with the opportunity cost standard under the soft cap
and not establishing a standard of reasonable profit
$150 cap too low (is there any point in raising this issue again?)
Benchmarks for forward contracts - The FERC should clarify that it will not
be applying this to anything other than Cal IOU contracts.
The FERC should clarify its statement that "to the extent the IOUs' resources
exceed their load at various times, they are free to sell any surplus at
wholesale, pursuant to their Commission-filed rates schedules."  A literal
interpretation of this sentence will limit liquidity in the market and
prohibit the IOUs from taking advantage of spreads between where their
generation and load is located.  We don't care about the IOUs trading options
but we are concerned about less liquidity.
Commission's findings concerning exercise of market power (and PUC's request
for protective order) - This issue is a placeholder pending input from
Richard Sanders and Robin Gibbs.
We oppose the 27-month refund period
We oppose allowing the state a role in governance (WPTF)
The FERC should not have rejected Dynegy & Reliant complaint concerning being
paid the cost of cover for exports


Start Date: 4/13/01; HourAhead hour: 3;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041303.txt


Daren - Can you set up new deals for meter 6757 and 5192?

 Meter 6757 Crow O'Connor -  Counterparty Duke Energy & Trading

  Month  Contract Deal #
  June 99  ENA 201 87426
  July 99  HPL 215 95072
  Aug 99  HPL 215 102775
  Sept 99  HPL 215 110502

 Meter 5192 Sarco Lateral

  No deal has ever been set up for meter 5192 for Duke Energy & Trading.
There is flow for May, July and Nov. 99.

Will you please let me know if you set up new deals for these meters?

Thanks.

Aimee
---------------------- Forwarded by Aimee Lannou/HOU/ECT on 05/04/2000 03:17
PM ---------------------------

Fred Boas
05/04/2000 12:08 PM
To: Aimee Lannou/HOU/ECT@ECT
cc: Robert E Lloyd/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT
Subject: Sarco Lateral and Crow O'Connor Meters

Aimee:

The Crow O'Connor, meter 6757 has its gas allocated to Strangers Gas for
April and May 1999 and Duke has been calling Settlements asking for their
money.  I will need to set up accounting arrangements for this meter for
these months so please provide me the correct transportation contract and
valid deal # for this transaction.

In addition, the Sarco Lateral, meter 5192 has its gas allocated to Strangers
Gas for May and July 1999 and Duke has been calling Settlements asking for
their money.  I will need to set up accounting arrangements for this meter
for these months so please provide me the correct transportation contract and
valid deal # for this transaction.

I would like to get this done ASAP since the customer is calling Settlements
and we start close next week.

Thanks,

Fred


Jo,

Thanks for your message.
I am sure Nelson would consider consulting though it does not
guarantee any continuity of support for you.

Please, let me know what you decide to do over the next few days.
The curtain will drop on my group on Tuesday.

In case we shall not connect before Tuesday, let me say it was a privilege working with you.
I wish you luck with Enron or any other company you may work for in the future.

Vince


When you say ownership grid what are you reffering to?

 -----Original Message-----
From: 	Tycholiz, Barry
Sent:	Thursday, September 13, 2001 2:18 PM
To:	Whitt, Mark
Subject:	WBI

Can you include in your summary, what the ownership grid looks like for WBI.. who are the players. etc.

John stopped by and we will schedulea meeting with him for friday afternoon.

BT


Eric,

I just want you to know what I feel now, whether or not it matters.  Never
before have I felt more regret for anything I've done as I have about
breaking up with you, and then engaging in a relationship that has made you
not think highly of me anymore.  I believe that the questions that you ask
me and the reaction that you have are all justified and fair and
reasonable.  I wish I could take it all back or forget about it, but of
course that won't happen.  I have no excuses.  If I were you, I wouldn't
like me either.

One of the things that I really like about you is how well you know
yourself and how consistently your actions are in-line with your beliefs.
I have always had a problem with who I think I should be.  This is one of
the problems I mentioned as needing to be resolved.  I don't know how to
resolve this problem or whether or not it will ever be resolved, but am
aware that I have this problem.  I guess periodically throughout my life so
far, when I think things aren't working, I will try to be a different
person.  I don't know.  I can't really explain it because I don't
understand it.  I always try to be a good person, but as you said, how I
act is a reflection of who I am.  In that light, what I've done to you,
undermining your trust in me, shows that I'm not a very good person.  This
is what I regret most about this whole situation, the fact that I have lost
your trust.

Unfortunately, as I realize in hindsight, there are so many things about
you that I love, that I value so highly, that so many times over outweigh
the things about you that I would complain about before.  Your trust,
patience, kindness, realism, strong sense of self, intelligence,
objectiveness, values, appreciation of me, care for things that were yours,
the care with which you would eat are all things that I miss so much and
hate myself for causing the loss of.

Anyway, thanks for being a forgiving enough person to still talk to me.

Jennifer


http://entertainment.msn.com/tv/gist/thu04.asp

Mitch,
What is sul's email address?

Later,

Rick

_____________________________________________________________
http://www.osubeavers.com - The Official Athletic Site of Oregon State
Beaver Fans! Get your FREE email at --> http://mail.osubeavers.com!


Read about the recent EES reorganization in the latest eBiz.

Also in this issue:

Clickpaper.com hits the Internet
Alberta holds Internet-based power auction
Pipeline competition in Florida

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then
click eBiz, and "eBiz September 8, 2000."


If you would like to participate in the Bayou City Classic 10K on Saturday, March 9th benefiting Houston Parks and HARRA Youth Programs:

1.	Complete and sign the attached entry form.
2.	Non-ERC members or members not in good standing should attach a check made payable to "Enron Running Club" for $18.00 and I will gladly register you and pick up your packet.
3.	Hand deliver your entry to me at EB4845 by close of business, Thursday, March 7th.
4.	Pick up your race packet available to you after Noon, Friday, March 8th at EB4845.


Richard,

It looks like the London office has been able to set up a way their traders
can record trades, via their cellular phones.  Can you tell us if this is
putting Enron at legal risk?

Thanks,  Robert

	Keith Dziadek/ENRON@enronXgate
	11/17/2000 02:23 PM

		 To: Robert Knight/HOU/ECT@ECT
		 cc:
		 Subject: FW: Recording Trades from made on Mobile phones

Robert,
What do you think?

 -----Original Message-----
From:  Burchfield, Richard
Sent: Friday, November 17, 2000 10:35 AM
To: McAuliffe, Bob; Dziadek, Keith
Cc: Bruce, Michelle
Subject: Re: Recording Trades from made on Mobile phones

Bob or Keith,
 Any thoughts on the below issue.

Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 11/17/2000
09:29 AM ---------------------------

Michelle Bruce
11/17/2000 09:08 AM
To: Richard Burchfield/HOU/ECT@ECT
cc: Cindy Horn/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT
Subject: Re: Recording Trades from made on Mobile phones

Help!!!  More trading on unrecorded lines.
Thanks,
Michelle
xt. 57532
---------------------- Forwarded by Michelle Bruce/HOU/ECT on 11/17/2000
09:06 AM ---------------------------

Cindy Horn
11/17/2000 07:23 AM
Sent by: Cindy Horn
To: Michelle Bruce/HOU/ECT@ECT, Carol Chew/SIN/ECT@ECT
cc: Scott Earnest/HOU/ECT@ECT
Subject: Re: Recording Trades from made on Mobile phones

Could you check with the telephonic IT group there and see if they can do
something similar so that even the traders trading off of their cell phones
can go to a recorded line?  Trade capture via cell phones has been a
consistent audit point.    Let me know if I can assist.  Thanks Cindy
---------------------- Forwarded by Cindy Horn/LON/ECT on 17/11/2000 13:21
---------------------------

Andy Cowx
17/11/2000 11:35
To: Cindy Horn/LON/ECT@ECT
cc: Scott Earnest/HOU/ECT@ECT, Nigel Denty/LON/ECT@ECT

Subject: Re: Recording Trades from made on Mobile phones

Cindy,

It's not feasible at all in the other offices as they don't utilise the same
type of recording systems (London has the ability to record every single
conversation in or out of the building).

I am drafting a note to go out in the next Euroflash to launch the service

Thanks

Andy

Cindy Horn
17/11/2000 11:35
Sent by: Cindy Horn
To: Andy Cowx/LON/ECT@ECT
cc: Nigel Denty/LON/ECT@ECT, Martin Paddington/LON/ECT@ECT, Kenneth
Drury/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT

Subject: Re: Recording Trades from made on Mobile phones

Have you found anything out on this for the Houston and Singapore offices
yet?  How would the Sydney office handle this?   Thanks for doing this for
London.  Did the email go out telling traders how to do this?   Thanks Cindy
---------------------- Forwarded by Cindy Horn/LON/ECT on 17/11/2000 11:32
---------------------------

Cindy Horn
08/11/2000 17:51
To: Andy Cowx/LON/ECT@ECT
cc: Nigel Denty/LON/ECT@ECT, Martin Paddington/LON/ECT@ECT, Kenneth
Drury/LON/ECT@ECT

Subject: Re: Recording Trades from made on Mobile phones

This is great news!!!  Can you handle sending this announcement as I assume
this was an audit issue for the other trading groups as well!!

Also,  how can we get this same process in place for the Houston and
Singapore offices??  They have the same issues on their audits.  Thanks you
guys did a great job!!!!   Cindy

Andy Cowx
08/11/2000 12:26
To: Cindy Horn/LON/ECT@ECT
cc: Nigel Denty/LON/ECT@ECT, Martin Paddington/LON/ECT@ECT, Kenneth
Drury/LON/ECT@ECT

Subject: Recording Trades from made on Mobile phones

Cindy,

We have some good news for you.  We have set up a number which can only be
called from Enron Mobile phones (37373), when you dial this number you will
hear dialtone.  The dialtone is coming from the phone system at Enron House,
you are then able to dial exactly as if you were at your desk, ie dial '9'
and the number you wish to reach.

All calls coming through this route will be recorded and can be retrieved by
the telecoms team for playback / reference.

We have also ensured that external people cannot dial this number from
outside the building by using 020 7783 7373.

Let me know if you want to issue a note as a General Announcement or whether
you wish to handle the distribution of the number.

Regards,

Andy
x37285

Cindy Horn
31/10/2000 17:37
To: Andy Cowx/LON/ECT@ECT
cc: Nigel Denty/LON/ECT@ECT

Subject: Re: Who should I talk to on this one?

Instead of providing a phone number could there be a short code or something
that they do that in the background dials this number so no one gets access
to this number?   I know that this is an issue in all of the offices with
traders making deals on cell phones on unrecorded lines.  I do not want to do
something that puts Enron at risk though.  Thanks Cindy

Andy Cowx
31/10/2000 17:02
To: Cindy Horn/LON/ECT@ECT
cc: Nigel Denty/LON/ECT@ECT

Subject: Re: Who should I talk to on this one?

Cindy,

We can provide a telephone number in the office which the traders can call
from their mobile phone, they would then be offered dialtone from the
telephone system and can then dial on to an external party.

The call would then be routed out from the office and would be subject the
the normal recording criteria.

However I wouldn't recommend this approach as we are opening up an external
gateway for people to use our telephone system, this would be unmetered and
not secure. The potential for toll-fraud is something that we need to take
into account.

Regards,

Andy Cowx

---------------------- Forwarded by Andy Cowx/LON/ECT on 31/10/2000 17:02
---------------------------

Nigel Denty
31/10/2000 16:41
To: Cindy Horn/LON/ECT@ECT
cc: Andy Cowx/LON/ECT@ECT

Subject: Re: Who should I talk to on this one?

I'll ask Andy Cowx (Telecoms Manager) to investigate - my initial thoughts
are that technically this may not be possible.
regards,
Nigel

Cindy Horn
31/10/2000 16:01
To: Nigel Denty/LON/ECT@ECT
cc:

Subject: Who should I talk to on this one?

If the traders do a deal from their cell phone, is there a way they can have
that call routed back through the phones in the building so it gets done on a
recorded line?  I know if you call someone and then dial some numbers it
takes you to their cell phone.  Can it work backwards so they hit some
numbers and it routes the call through the office?   This would help with
some of our AA issues.  Thanks Cindy


----- Forwarded by Cindy Derecskey/Corp/Enron on 08/23/2000 12:15 PM -----

	Katy Lomax@ECT
	08/23/2000 10:32 AM

		 To: Jackie Gentle/LON/ECT@ECT, Eva Hoeffelman/LON/ECT@ECT, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Cindy
Derecskey/Corp/Enron@Enron, Ann M Schmidt/Corp/Enron@ENRON
		 cc:
		 Subject: German Media Monitoring

Please find attached the following article/s:

"Deregulation: Blessing or just an illusion" - Kolnische Rundschau

"Electricity becomes scarce and expensive in the land of Thomas Edison" -
Stuttgarter Nachrichten

"Gridlock on the powergrid" - Business Week

Kind Regards,
Katy Lomax


Raymond,

I shall call you on Sunday after my arrival in Sydney.
Look forward to meeting you again.

I shall be ready to speak on all the topics you mentioned.

Vince

Raymond Yeow@ENRON_DEVELOPMENT
07/09/2000 09:07 PM
To: Vince J Kaminski@ECT
cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shirley Crenshaw@ECT
Subject: Re: Request for suggestions : Vince's visit to sydney in July

Dear Vince,

after getting our heads together here,
we would much apprecaite if you could share the Research Group's latest on
---

- Var ie "... repeat my workshop presentation on value-at-risk..."
 as well as cover additional topics viz.
- Discuss, with application, Enrons internal V@R model, and how this is used
internally.
- Discuss volatility modelling, and whether it is possible to maintain and
trade a term structure of volatility in electricity

- Modelling forward curves with reference to associated markets (eg Oil).
  Can we gain some insights through spreads to related market curves (spark).

I assume your hotel is booked already. Catching the taxi is the best way to
get to your hotel.
Since you are arriving on the weekend , if you need to contact me - my mobile
is 0417-692295, home tel/fax
is 9232-8892

Rgds Raymond

---------------------- Forwarded by Raymond Yeow/ENRON_DEVELOPMENT on
07/07/2000 04:45 PM ---------------------------

Vince J Kaminski@ECT
07/06/2000 09:20 AM
To: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vince J
Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT

Subject: Re: Your visit to sydney in July

Paul, Raymond,

Thanks for your message.
Sorry I did not get in touch  with you earlier. The last few weeks were very
hectic. I am starting
right now my preparations for the presentation I am going to give at the
conference.

Here are the details of my itinerary (I shall send you a copy tomorrow). I
arrive Sunday morning
and leave Saturday morning. The conference takes place on Monday and Tuesday.
On Wednesday, I am making a presentation at the workshop on value-at-risk. I
would
like to stay at the conference for the duration: it's a great learning
opportunity for me.

On Thursday and Friday, as well as in the evenings (except for the evening
of July 18), I am at you disposal.
I would like to take advantage of this trip and learn as much as I can
about the Australian markets and discuss with you the research agenda.
I shall be glad to make several presentation.
I can repeat my workshop presentation on value-at-risk as well as cover
additional
topics.

Vince

Paul Quilkey@ENRON_DEVELOPMENT
07/04/2000 05:23 AM
To: Vince J Kaminski@ECT
cc:
Subject: Your visit to sydney in July

Vince
I support Raymond's email and would welcome the opportunity to have you give
a presentation (formal or informal) to the trading group on latest research
initiatives in Houston.  Please let us know your schedule so that we do not
overly burden you during your visit.  Look forward to seeing you and catching
up over a beer.
Thnx
Paul
---------------------- Forwarded by Paul Quilkey/ENRON_DEVELOPMENT on
07/05/2000 08:23 AM ---------------------------

Raymond Yeow
07/04/2000 08:21 PM
To: Vince J Kaminski@ECT
cc: Paul Quilkey/ENRON_DEVELOPMENT, Kirsty Hogarth/ENRON_DEVELOPMENT, Elliott
Katz/ENRON_DEVELOPMENT, David Gray/ENRON_DEVELOPMENT

Subject: Your visit to sydney in July

Dear Vince,

Hi !, it's only two weeks until the Aust Energy Risk (17-19 July ) seminar in
Sydney.
Is RISK organising your hotel ?

Otherwise, Kirsty can organise for you,
eg harbour vIew at the Regent or convenience to the seminar location at the
Sheraton ?

We would like to make sure that you have all the necessary "comforts" of home
when you are with us,
Elliott & David can set up a desk for you in the office/trading room with
phone etc
so you can use one of our PC to access email or plug in your laptop.
Please let Elliott or David kmow your requirements.

How long will you be with us ?
Is this your first trip to Sydney ?
There are several of us in the office who would like to take you  for a
meal(s)/ show you the sights etc and
discuss the latest Research findings with you whilst you are in Sydney eg VAR.

Hear from you soon.
Raymond
725pm 4 July


CALENDAR ENTRY:	APPOINTMENT

Description:
	Interview Paul Nguyen

Date:		8/1/2000
Time:		2:00 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Texas Independent Energy invites you to "come on down" for the Dedication Festivities of the Guadalupe Power Partners Plant, Thursday, June 21st and Friday, June 22nd in Marion, Texas.

Put yer' boots on, grab yer' hat,  and click this weblink  www.pandaenergy.com/guadcomm  for yer' personal invite!

Ya'll come on now, ya hear?

THIS EMAIL CONTAINS NO ATTACHMENT, IT IS FOR INFORMATIONAL PURPOSE ONLY.  SEE THE MENTIONED WEBSITE ABOVE FOR DETAILS AND RSVP INFORMATION.


Trish,

I could not access his neural network site.
It requires access password.

Vince

	From:  Patricia Tlapek                           06/12/2000 03:57 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Followup

---------------------- Forwarded by Patricia Tlapek/HOU/ECT on 06/12/2000
03:57 PM ---------------------------

Barcharts@aol.com on 06/09/2000 10:01:59 AM
To: patricia.tlapek@enron.com, mike.roberts@enron.com
cc:
Subject: Followup

Good Morning,

I enjoyed visiting you yesterday afternoon to discuss the opportunity at
Enron.  Sounds exciting, challenging and a good use of a lot of my skills and
experience.  I look forward to further talks, hopefully this coming week.

I mentioned a couple web sites and don't know if they came through clearly on
the phone with my sore throat.

The neural network approach to timing can be found at
http://www.pfr.com/ptonline/

The introductory piece on technical analysis I wrote for Forbes.com and the
glossary can be found at htttp://www.forbes.com/tool/html/00/Jun/0603/feat.htm

I am also working with long time friend and neighbor Steve Nison with his
site and you can see the first on line lesson for free at
http://www.candlecharts.com/

Have a nice weekend.  Hope to hear from you next week.

Bruce M. Kamich, CMT
barcharts@aol.com
732-463-8438


Ron,
Here is the final data file.
Thanks
Gary
 <<FERC_File.csv>>

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
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http://www.brobeck.com

 - FERC_File.csv


I may be able to back up Bart if he has a problem.  I have a conference call
scheduled but it is likely to reschedule until later in the day.

Kay

Barton Clark@ECT
10/30/2000 03:18 PM
To: Sheila Tweed/HOU/ECT@ECT
cc: Karen E Jones/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron

Subject: Re: PSCo Equipment Orders---Would either or both of you be able to
sit-in on this meeting?  I won't be available.

I can attend the 9:00 am Pacific PSCo call. By copy hereof I'm requesting
Karen let me know where I need to be/call in number. If I don't hear
otherwise I'll be in my office at 11:00 am tomorrow Houston time.


To:	Associate/Analyst Program Worldwide

From:	Ken Lay	Department:	Office of the Chairman

Subject:	Associate/Analyst Program	Date:	August 22, 2001

As most of you know, Jeff Skilling created the Associate/Analyst Program in 1990.  This Program is one of his most successful and important contributions to Enron, and will continue as a cornerstone of the Company.  It remains our single most important source of new talent.

The purpose of this memo is to reassure you that the direction, philosophy, and importance of the Program remains unchanged.  As we have said many times, most of our new businesses were created by graduates and members of the Program.  Many of the current leaders of our company are also graduates of the Program.

Three broad principles will continue to guide the direction of the Program.
?	We will have only one Associate/Analyst Program at Enron, and it is a Company asset.
?	We will have a "One Enron" presence on campus to provide clarity of message and purpose.
?	The Program is rotational in nature, and will prepare our future leaders for success by providing exposure to Enron's network of people and systems.

The business prospects for Enron, and the opportunities for personal growth and development have never been better.  We also enjoy the deepest and broadest talent pool we have ever had.  Each and every one of you can be a key contributor to making Enron the World's Leading Company.

cc:
Billy Lemmons - Associate/Analyst Program
John Sherriff - Associate/Analyst Committee Chair
Management Committee
Associate/Analyst Committee
Associate/Analyst Department
Human Resources Leads
Program PRC Reps
Program Supervisors

<Embedded Picture (Metafile)>


check's in the mail.  i made it an even $150.  Let me know if that works. Scala's the Eye-talian place that's kitty-korner from Willow, right?  Coming soon, this hip chef (and part owner of the Willow) is opening up a competing place right across the street from Willow.  Should be interesting.  We gotta dive again before the season's out. (If I can find the freakin' licenses.  I'll start looking in earnest.)

Yeah, we gotta finish the job.  You take out the WTC, you gotta pay.

Best,
Jeff

-----Original Message-----
From: Scott Laughlin [mailto:scottwl@hotmail.com]
Sent: Monday, October 15, 2001 5:45 PM
To: Dasovich, Jeff
Subject: Re:

It was a great weekend. Mellow and raging at the same time. Thanks for
coming. I'm glad you had a good time with everyone as well, including people
you hadn't hung out with before. The abalone diving was great, even if I
can't seem to get one now.

It was $100 for each couple for everything. But you got a lot of people onto
the reef, so if you want to take that off the bill, that's fine, too.

I guess I'll see you tonight? The chefs are going to cook something up. By
the way, we stopped in Graton yesterday and went to Scala (because Willow
was closed, to my utter dismay). But Scala was damn good. We had the Dutton
Pinot, which was great. I had a homemade ravioli that really hit the spot.

See you later,

Scott

P.S. I agree with everything that guy said in the article you sent out.
Pacifism is just not feasible in most situations. The world can be too
selfish and evil for something so extreme to be effective more than 15% of
the time. We have to go after those motherfuckers. And then be very
responsible in the aftermath.

>From: "Dasovich, Jeff" <Jeff.Dasovich@ENRON.com>
>To: "Scott Laughlin (E-mail)" <scottwl@hotmail.com>
>Date: Mon, 15 Oct 2001 10:30:16 -0500
>
>OK, dude.  Now that I'm a full-fledged slacker, please tell me how much
>you need us to contribute for the weekend, which I'll add on to the $65
>you paid for the guitar.  If I'm missing any other expenses, please let
>me know and tack them on.  It was alot of fun.  Thanks so much for
>inviting us.
>
>Best,
>Jeff
>
>
>**********************************************************************
>This e-mail is the property of Enron Corp. and/or its relevant affiliate
>and may contain confidential and privileged material for the sole use of
>the intended recipient (s). Any review, use, distribution or disclosure by
>others is strictly prohibited. If you are not the intended recipient (or
>authorized to receive for the recipient), please contact the sender or
>reply to Enron Corp. at enron.messaging.administration@enron.com and delete
>all copies of the message. This e-mail (and any attachments hereto) are not
>intended to be an offer (or an acceptance) and do not create or evidence a
>binding and enforceable contract between Enron Corp. (or any of its
>affiliates) and the intended recipient or any other party, and may not be
>relied on by anyone as the basis of a contract by estoppel or otherwise.
>Thank you.
>**********************************************************************

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


Tana -

Attached is a version of the BETA reflecting changes made for Natsource.  Can
you please put these into a side letter agreement for Natsource and send that
to me for review.

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Title: Current Crisis and the Southern Cone Gas and Power Markets
URL(s):

http://www20.cera.com/eprofile?u=35&m=2752;

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

In an October 18, 2001 CERA Conference Call and Web Presentation, Barbara
Mattos, Jed Bailey, and Otavio Mielnik discussed:

*  Southern Cone Economic Update

*  New Drivers for Power Supply and Demand

*  Natural Gas Supply and Demand

Please follow the above URL to view and listen to a replay of this CERA
conference call playback. When the Premiere Conferencing PlaceWare window
opens, simply enter your name and click the "View" button. A "recording key
code" is not required.

Hosted by Premiere Conferencing

**end**

E-mail Category: Conference Call Playback
CERA Knowledge Area(s): Southern Cone Gas & Power

***********************************************************************
***********************************************************************
CERA's Autumn 2001 Roundtable event dates and agendas
are now available at http://www20.cera.com/event
***********************************************************************

To make changes to your cera.com profile go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
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distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
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Copyright 2001. Cambridge Energy Research Associates


Shirley,

Please, cancel lunch with Maruti More.

Vince


Anthony:

In connection with preparing the Prime Broker Letter for Trading Edge, Inc. I
wanted to provide you with information for our contact person at Trading
Edge, Inc.:

Mr. Joe Greenberg
Trading Edge, Inc.
Clearing/Credit Department
(212) 813-6043
jgreenberg@tradingedge.com

Mr. Greenberg will be expecting your call.  I have also provide him with your
contact information.  Please remember to forward a copy of all correspondence
with Mr. Greenberg to my attention for our files.

________________________________

Joe:

Mike Fowler will be calling you to verify which Enron entity this transaction
is for.  Please provide that information to Anthony for the Prime Broker
Letter.

Thanks for your assistance with this matter.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


Note: forwarded message attached.

__________________________________________________
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>From: Lenny.Hellstrom@circleintl.com
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>andrewk@teleport.com, Ben.Coleman@circleintl.com,
>Bob.Rogers@circleintl.com, bhicks@winstar.com,
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>tyler.peterson@geosbush.com, yasu_neupdx@hotmail.com
>CC: carolsin68@yahoo.com
>Subject: FW: And those priceless moments just keep coming...
>Date: Mon, 5 Mar 2001 12:47:08 -0600
>
>
>
>-----Original Message-----
>From: mpastorino@ACWAGNER.COM [mailto:mpastorino@ACWAGNER.COM]
>Sent: Monday, March 05, 2001 10:25 AM
>To: jdrape@ACWAGNER.COM; jcrapo@ACWAGNER.COM;
>Lenny.Hellstrom@circleintl.com; kevhanson@juno.com;
>ktarr@hampton-power.com; kkelham@hampton-power.com;
>bluejay_mama@yahoo.com
>Subject: Fwd: And those priceless moments just keep coming...
>
>
>----- Forwarded by Mary Pastorino/WAG/CMT/ATLAS COPCO on 03/05/01 10:24 AM
>-----
>
>   nrp@hampton.com
>03/05/01 10:19 AM
>
>   To: Mary Pastorino@ATLAS COPCO
>   cc:
>   Subject:    Fwd: And those priceless moments just keep coming...
>
>
>
>
>---------------------- Forwarded by Nova Pogue/Hampton/US on 03/05/2001
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>To:   shoth@concentric.net>
>cc:    (bcc: Nova Pogue/Hampton/US)
>
>Subject:  Fwd: And those priceless moments just keep coming...
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>
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>Note: forwarded message attached.
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> >skygod737@hotmail.com, dncstr@aol.com
> >Subject: Fwd: Fw: And those priceless moments just keep coming...
> >Date: Tue, 27 Feb 2001 12:16:03 -0800
> >
>
>_________________________________________________________________
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 - att-1.htm
 - Mastercard.jpg


Lynn Burke with the CDC's needs to release some CGAS and CGLF capacity to
CES/New Power for August 2000-July 2001.  She wants to know who she should
release the capacity to for August.  ????


TJ,

Sorry, please disregard last email - I did not see this follow-up notice.
Unfortunately, Sally is not available on Thursday either - she will be at the
Enron Management conference in San Antonio Thursday & Friday.  All Enron VP's
are invited (Cassandra & Kevin?).

Please call & I can give you Sally's available time if she needs to attend.

Thanks,
Patti x39106

Tamara Jae Black
11/09/2000 12:15 PM
To: Vladimir Gorny/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Stacey W
White/HOU/ECT@ECT, Cassandra Schultz/NA/Enron@Enron, Shona
Wilson/NA/Enron@Enron, Kevin M Presto/HOU/ECT@ECT
cc:
Subject: Re: VaR meeting

This meeting has been changed to the following:

Thurs., Nov. 16th
room 3125b
1:30pm - 2:30

Sorry for any problems,
Tjae
---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 11/09/2000
12:14 PM ---------------------------

	Enron North America Corp.

	From:  Shona Wilson @ ENRON                           11/09/2000 11:18 AM

To: Tamara Jae Black/HOU/ECT@ECT
cc: Vladimir Gorny/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Stacey W
White/HOU/ECT@ECT, Cassandra Schultz/NA/Enron@Enron, Kevin M
Presto/HOU/ECT@ECT
Subject: Re: VaR meeting

We have a staff meeting at that time - Stacey, Sally nor I will be able to
go.  Please reschedule.

Best regards

Shona

Tamara Jae Black@ECT
11/09/2000 11:01 AM
To: Vladimir Gorny/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Stacey W
White/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Cassandra
Schultz/NA/Enron@Enron
cc: Kevin M Presto/HOU/ECT@ECT

Subject: Re: VaR meeting

Please mark your calendar for the following meeting with Kevin Presto:

Monday, November 13th
Reg. Var Reports
10am - 11am
room 3125b

Please let me know if you have any questions or conflicts.

Thanks TJae
x35800

	From:  Vladimir Gorny                           11/09/2000 08:37 AM

To: Tamara Jae Black/HOU/ECT@ECT
cc:
Subject: VaR meeting

TJ,

Can we include the following people for our meeting:

Shona Wilson (Sally's direct report)
Stacey White
Cassandra Schultz (RAC, in charge of VaR transition project)

Would you please run it by Kevin. Thanks, Vlady.


FYI

I just updated EOL/Profile Manager with information on the following new
counterparty:

Allegheny Energy Supply Company, LLC
CP ID #72209
New Contract #96060304

Georgi


Agreed.
--------------------------
Rick S.

-----Original Message-----
From: Kitchen, Louise <Louise.Kitchen@ENRON.com>
To: Shapiro, Richard <Richard.Shapiro@ENRON.com>; Steffes, James D. <James.D.Steffes@ENRON.com>
CC: Lavorato, John <John.J.Lavorato@ENRON.com>
Sent: Mon Nov 26 09:12:20 2001
Subject: RE: Mexico

No support for Mexico.

Louise

	 -----Original Message-----
	From: 	Shapiro, Richard
	Sent:	Monday, November 26, 2001 8:22 AM
	To:	Steffes, James D.
	Cc:	Kitchen, Louise; Lavorato, John
	Subject:	FW: Mexico

	Can you talk with Jaime and figure out a plan of support for Mexico (if we still need one)? You might also want to check with John and/or Louise.

	 -----Original Message-----
	From: 	Williams, Jaime
	Sent:	Wednesday, November 21, 2001 10:40 AM
	To:	Shapiro, Richard
	Cc:	Irvin, Steve
	Subject:	RE: Mexico

	Thanks Rick,  and let's talk after the holidays about a new game plan...Best regards and happy thanksgiving.

	Jaime Williams.

		 -----Original Message-----
		From: 	Shapiro, Richard
		Sent:	Tuesday, November 20, 2001 3:40 PM
		To:	Williams, Jaime
		Subject:	FW: Mexico

		FYI

		 -----Original Message-----
		From: 	Hennemeyer, Paul
		Sent:	Tuesday, November 20, 2001 12:10 PM
		To:	Shapiro, Richard
		Subject:	Mexico

		Rick

		Thanks for your encouraging words during the last few days. I have to say that despite all the difficulties we have had to endure over the past few months, Enron remains the best place I have ever worked.This is due, in no small part, to the great people I share this place with.

		I also owe you an overdue e-mail on the Mexico matter. As I had indicated, I have decided not to take the offer. I have spoken to a number of friends and associates who live in Monterrey and their views are pretty unanimous: Monterrey is a great place to live if one is already settled with a family, but it is altogther different and more difficult for a  single man. Therefore, despite the professional opportunity to work with a great team, I have decided not accept the offer.

		Many thanks for keeping me  in mind, being patient, and moving things along. I will be in touch in the next couple of days. Enjoy your holiday.

		Best regards,
		Paul


Preparations are continuing for our simulation on Thursday, Feb. 7 from 9-11 AM.

Following is a User ID and Password which will allow you to access the website, playing the role of a customer during the simulation.

Your User ID will be: MUS54756

Your Password will be:  WELCOME!

Your goal will be to make money and finish the day with a balanced position.  Market "News" events may be emailed to you at certain points throughout the simulation (e.g. "storm in the gulf").

Please log into www.ubswenergy.com at 9:00 am on Thursday.

NON-UBS PERSONNEL WILL NOT BE ABLE TO SEE OR TRANSACT ON PRODUCTS DURING THE SIMULATION

Immediately after the simulation, website ID's will be deactivated and the website inactivated, so that the operations group can test the mid/back-office systems, while the IT groups clean-up the transaction data from the simulation.  The website will be made available for internal trading (book to book) between traders on Friday, February 8, 2002.

If you can't log into any application on the day or are having trouble with your systems, please contact the UBSWenergy.com Help Desk immediately at 713.584.4444

Regards,
UBSWenergy.com


Pls review and make comments.

BB

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Monday, August 27, 2001 10:50 AM
To:	Rorschach, Reagan
Subject:	SEPA termsheet

Take a look at this.  My only thought is we may want to simplify it even more, if anything.

BB


---------------------- Forwarded by Anne Labbe/NA/Enron on 11/07/2000 11:15
AM ---------------------------

	From:  Kim Melodick @ ECT                           11/07/2000 11:15 AM

To: Anne Labbe/NA/Enron@Enron
cc:

Subject: Performance Review Process

As you know, the performance review process is currently underway.  If you
have not already done so, please go into the performance review system and
select individuals to give feed back on your performance during this review
period.  Generally, it is recommended to select 6-8 reviewers.  The system
closes for feedback on November 17th.  Attached, please find the Performance
Management Guide to assist with the process.  Should you have questions,
please do not hesitate to contact me at x57273.


----- Forwarded by Tana Jones/HOU/ECT on 06/19/2000 01:34 PM -----

	Stephanie Sever
	06/19/2000 01:31 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Frank L Davis/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT
		 Subject: Re: Utilicorp

Carol,

1. We have set up the Master User from Aquila Risk under Utilicorp.  We do
not require any further paperwork from them, however, we do need them to set
up their sub-users.  I am going to follow up with Angela Webber at Utilicorp
tomorrow to make sure that sub users are set up.

2. I will notify you once sub-user accounts have been set up and then wait
for your instructions as to when we will shut Aquila Risk down for trading.

Thanks,
Stephanie x33465

   Carol St Clair                06/19/2000 11:49 AM

To: Stephanie Sever/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT
cc: Susan Bailey/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT
Subject: Utilicorp

Stephanie and Frank:
Both Susan Bailey and I have spoken with Utilicorp's attorney and here is my
understanding of where things stand:

1. On Friday, it was my understanding that they submitted their password
application and that the problem was that the person that they needed to set
up the sub-user passwords was not in the office.  My understanding is that he
will be in on Tuesday and that is when they are going to try to set up those
accounts.  Does that require them to send any paperwork to us?

2. Once the sub-user accounts are set up, then we need to pick a date for the
Transfer Agreement to become effective.  Since we are changing the date from
June 16th, this will require someone from Utilicorp to initial the change and
their attorney wasn't sure when that will happen.  Once the new date is
picked and initialed, then we can begin trading under Utilicorp's name, but
nothing should be done until before then.  Either Susan or I will let you
know when that date is.

Please call me at 33989 if you have any questions.
Carol


Could you please help us by addressing the question posed by Stacey
Richardson below?

Thanks.
Bridgette
---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
08/17/2000 10:54 AM ---------------------------

Stacey Richardson@ECT
08/17/2000 10:50 AM
To: Bridgette Anderson/Corp/Enron@ENRON
cc: Anthony Campos/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT

Subject: Re: Counterparty Approval List for 8/14/00

Can you please have Tana clarify if the counterparty wishes to have a new CP
name set up as Northern Illinois Gas Company d/b/a Nicor Gas Company (which
it sounds like) or if they will make financial trades under Northern Illinois
Gas Company (since Nicor Gas Company is the physical trading entity).  We
still cannot report (or even SET UP) the contract until we know which CP name
is correct.  Until then, the 08/14/00 EOL report will still be outstanding.

Thanks,
Stacey

	Enron North America Corp.

	From:  Bridgette Anderson @ ENRON                           08/17/2000 09:29
AM

To: Stacey Richardson/HOU/ECT@ECT
cc: Anthony Campos/HOU/ECT@ECT
Subject: Counterparty Approval List for 8/14/00

---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
08/17/2000 09:28 AM ---------------------------
From: Tana Jones@ECT on 08/16/2000 05:13 PM
To: Frank L Davis/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT
cc: Bridgette Anderson/Corp/Enron@ENRON

Subject: Counterparty Approval List for 8/14/00

With respect to the attached list, a few things:

1.  With respect to Dynegy Power Marketing, my records reflect that they are
approved for all products (including financial & power).  Can you let me know
if your approvals reflect otherwise?

2.  With respect to Nicor Gas Company and Northern Illinois Gas Company:
Northern Illinois Gas Company should be restyled to be "Northern Illinois Gas
Company d/b/a Nicor Gas Company".  We have just received the executed ISDA
Master with this entity and that is how the counterparty directed us to set
the master up.  Nicor Gas Company appears to be their physical gas trading
arm, so that entity name should be left alone.

I haven't forgotten the 8/11/00 list, I am waiting to hear back from
Australia about a question.


Attached is the latest summary of regulatory filings.  Please let me know if
you no longer want this report or if you want to add someone to the
distribution.  For those of you who are receiving this for the first time, it
is a summary of all pipeline related filings with FERC that may have an
effect on your business.


Attached for review is a redline of the latest revisions to Schedules to the
Purchase and Sale Agreement.  Also attached are various supplements to the
schedules.  The only items not included are the Capital Account Balances -
Schedule 3.1(g) and the Financial Statements - Schedule 3.1(i).  Karry
Kendall will be forwarding those shortly this evening.

Also attached is Exhibit A-2.  This is an item description of the equipment
included in the EMS gathering systems.  I also forwarded Exhibit D -
Specified Geographical Area and Exhibit A-1 - Map of the EMS Gathering System
earlier today via FEDEX.  You should have those tomorrow morning.


-----Original Message-----
From: Hanagriff, Richard
Sent: Friday, March 01, 2002 12:01 PM
To: Schoolcraft, Darrell
Subject: FW: What's Wrong With This Picture?

Can you spot what's wrong with this picture? Look closely. It may take you a minute.
http://secure.falcon-networks.com/~culprit/whatswrong.html


Attached is a Conversion/Name Change for GATX Terminals Corporation to Kinder
Morgan Liquid Terminals LLC.  For details, refer to the bottom tab "Apr 2001".

Shortname changes for this week will be coordinated with ERMS IT on Friday,
Apr. 20.

Records will be inactivated on 05/01.


Our contract with IGS provides that for any agreement identified by IGS and
executed, TW will pay a one-time incentive fee of 3% of the first $15 million
of net present value, 2% of the next $10 million of net present value, etc.

The Southern contract associated with the Gallup Expansion is at a rate of
$0.205 for 25,000 Dth/d for 5 years.  Using a discount factor of 15%, the net
present value of the contract is $6,270,625, so IGS's commission would be
$188,118.75.  Since the contract does not specify how NPV will be calculated
(I believe we purposely omitted this for whatever reason), we will need to
agree on a rate that is fair given the nature of and risk associated with the
project.  We should probably use whatever is standard in the industry for
this type of project, if that's possible to determine.  I have a call in to
James Centilli for his recommendation in this regard, and will let you know
what he says.


let me know when you would like to talk.

Angela D. Davis
Enron North America Corp.
1400 Smith Street, EB3817
Houston, Texas 77019
Tel: (713) 345-8347
Fax: (713) 646-3393
e-mail: angela.davis@enron.com

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Tuesday, January 22, 2002 10:02 AM
To:	Hendry, Brent; Davis, Angela
Subject:	FW: Letters of Credit

Let's organize.  Sara

 -----Original Message-----
From: 	Moran, Tom
Sent:	Tuesday, January 22, 2002 9:57 AM
To:	Gonzalez, Veronica
Cc:	Shackleton, Sara
Subject:	FW: Letters of Credit

Veronica,

Attached is a schedule of l/c's that will be expiring over the next 3 weeks.  Please coordinate with Sara to see specifically, which Enron entities and l/c's that we need to pursue.

 << File: Expiring LC's 1-31-02.xls >>

Thanks!
tm

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Friday, January 18, 2002 4:58 PM
To:	Moran, Tom
Cc:	Hendry, Brent
Subject:	Letters of Credit

Tom:

Time is running out for the month of January and we need your list and copies of LC's expiring at the end of the month as well as positions to determine possible draws.  Are you handling this?

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


Pelt,

Howdy from Houston.  I hope you had a great Thanksgiving.  I took the week
off and it was what i needed.  I have been working at a hectic pace and was
on my annual sick rotation, although a little earlier than normal.  I needed
the break.  My international traveling is over for the year, thank God.

Chris and i were talking about life and vacations and spring break came up.
I thought i would send you our information and see if our breaks co-ordinated
and to see if we still wanted to try and get together to go skiing.  We
didn't know if you made other plans or moved on since our last discussion a
while ago.  Our spring break is March 12-16th .

Please let give an update via email when you get a chance.  I figured that
you are in Telluride right now on holiday.

Give my love to all.

Mike

PS - How about those Sooners!  OU/TX wasn't a fluke. Hard to believe, we'll
see what will happen with K State and bowls.  No matter, its been a fun
year.  It is nice to be back.


----- Forwarded by Jeff Dasovich/NA/Enron on 02/08/2001 03:03 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/08/2001 02:32 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: Hertzberg Press Conference

Attached are press materials from the Hertzberg press conference held
earlier today.

Just FYI, this press conference was originally going to include Republican
members -- and was originally scheduled for last week.

Thanks,
Jean

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

______________________________________________________________________
FOR IMMEDIATE RELEASE                    CONTACT: Paul Hefner
February 8, 2001                                  (916) 319-2408

ASSEMBLY DEMOCRATS PUSH TO IMPROVE ENERGY OUTLOOK
Legislative Package Would Increase Supply and Provide Immediate Energy
Savings

SACRAMENTO dAssembly Speaker Robert M. Hertzberg and a coalition of Assembly
Members announced today a package of bills aimed at increasing the supply of
electricity and cutting down on demand through energy efficiency.

     "While working to protect consumers in the short term, we have also
been looking for long-term solutions to provide reliable power for
California," said Hertzberg (D-Van Nuys). "Today, we are taking the next
step d proposing realistic ways to meet the energy needs of the world?s
sixth largest economy d and offering sound proposals to help Californians
use energy wisely."

    Joined at a news conference by Assemblymembers Christine Kehoe (D-San
Diego) and Carole Migden (D-San Francisco), leaders of the working groups
the Speaker established earlier this year, and other Members of his caucus,
Hertzberg said that the package being introduced will produce more than 750
megawatts and save 1,200 megawatts over the next couple of years.

    "It?s important that we look for ways to end this energy crisis on all
fronts d both using short-term solutions to @keep the lights on? d as well
as long-term solutions to stabilize the energy market," said Kehoe, the lead
author of the energy efficiency package.  "By providing incentives to make
California?s homes, schools and businesses more energy efficient, we can
save in just a couple of short years enough energy to supplant two or three
new and expensive power plants."

    Kehoe said that, by this summer, the energy efficiency package may save
as many as 500 megawatts, equivalent to a new power plant.

    Assemblymember Carole Migden agreed, but added, "We know that reducing
demand will not by itself solve our energy crisis.  We also have to address
the supply side of the energy equation as well."

    The Democrats presented a four bill package aimed at rapidly increasing
and stabilizing the supply of power available to the demands of residents
and businesses.  The bills would:

 ? Provide $50 million to establish an incentives program to encourage
businesses to install clean and modern on-site generation;
 ?? Provide $150 million to develop clean and efficient renewable energy
supply;
 ? Allow plants up to 100 megawatts to be cited by local government and not
through the more time-consuming Energy Commission review;
 ??Ensure power for Californians by requiring new power plants to enter into
purchasing agreements with the state.

    The Assembly Democrats? proposal also includes an energy efficiency
package of five bills, which would provide funding to, among other things:

 ??Replace energy inefficient appliances like refrigerators and air
conditioners;
 ? Give schools grants and loans to decrease consumption;
 ? Provide 50 percent grants and 50 percent loans to local governments to
retrofit government buildings;
 ? Establish a Mobile Efficiency Brigade with $100 million in grants to
nonprofits to hire a team of people to not only distribute low-energy
lightbulbs to residences, saving 125 megawatts, but also to help the other
conservation programs get started well before the summer by providing people
to do the work while learning new skills.

"We have reshaped this house," Hertzberg said, "using every resource
available to address this problem.  Throughout this effort, our focus has
been on protecting taxpayers, consumers and the future of this great state.

"Today, I am proud to stand with members of my caucus as we take the next
step," the Speaker concluded.

Assembly Democratic Caucus begins today to address the short and mid-term
implications of the ongoing energy needs of the state.  The following bills
are the first in a series of proposals the Caucus will be offering to
address the supply and conservation needs of our residential and commercial
energy consumers.

Supply

1. On-site and Distributed Generation.  Requires the CEC to design an
incentives program to promote the installment of clean and modern on-site
generation technologies as defined in SB 1298 (Bowen, 2000) including
eliminating standby and installment fees charged by electrical corporations.
$50 million shall be allocated to the CEC to subsidize the development of
on-site distributed generation through this program.
Provides: 20 MWs clean power the first year d additive in out years. Also
reduces demand on the grid in peak periods.
(Frommer, Alquist & Wiggins)

2. Renewable Sources of Power.  Provides $150 million to establish a loan
guarantee program for underwriting joint venture agreements to develop clean
and efficient renewable energy supply.
Provides: 1,000 MWs over four years.
(Jackson, Aroner & Pavley)

3. Expedited Power Plant Permitting. Increases from 50 to 100 MW generation
facilities subject to local instead of CEC review and approval. Impacts
seven applicants who have withdrawn their applications because of the CEC
review. Provides: 634 MWs.
(Cardoza, Calderon & Salinas)

4. Ensuring Power for Californians. Requires, as a condition of receiving a
permit for plant construction, that developers enter into power purchasing
agreements with the state to ensure that a significant amount of the energy
output is available to the state.
Provides: 6,000 MWs  (Hertzberg and Caucus)

TOTAL SUPPLY ADDED: 7,654 MWs over the next four years
 Energy Efficiency

1. Residential & Small Business Energy Efficiency Program (AB 29X).
Appropriates $375 million and requires the commission:
 ? To pay the costs of installation of an interval meter to a small business
that voluntarily reduces its electric consumption.
 ? To administer a grant program for the replacement of energy inefficient
appliances.
 ? To administer a grant and loan program for eligible construction or
retrofit projects.
 ? Expand the Emerging Renewables Buy-Down Program for renewable energy
systems such as photovoltaics (PVs).
Savings: About 400 MWs
(Kehoe, Cedillo, Nakano, Shelley & Wesson)

2. Schools 2001.  Appropriates $250 million for grants and loans to make
2001 schools more energy efficient, including 750 older year-round schools
by June 30, 2001.
Savings: 250 MWs
(Kehoe)

3. 50-50 Local Government Program.  Appropriates $350 million as a matching
grant to local governments to make local government buildings energy
efficient.
Savings: 400 MWs
(Steinberg & Oropeza)

4. Mobile Efficiency Brigade.  Provide $100 million (50% grants/50% loans)
to nonprofits to distribute energy efficient light bulbs and to assist in
getting all the other programs announced in this package up and running
quickly to achieve as much energy savings as possible by this summer.
Savings: 125 MWs (in addition to the MWs, the Brigade will help us save in
the other elements of the package).
(Correa & Cedillo)

5. Shopping Center Program. Provide $50 million in low-cost loans to
shopping centers to install energy-saving lighting devices.
Savings: 60 MWs
(Lowenthal, Thomson & Nakano)

TOTAL SUPPLY SAVED: 1,235 MWs
500 MWs BY SUMMER

 - ASSY Dem Supply/Cons  Memo


Jeff says Floating Price language is ok.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 07/22/99 02:40
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Jeff Harbert                           07/21/99 06:28 PM

To: Sara Shackleton/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT
Subject: Re: Merita

From the contract specification documentation provided by the OM to us I
would say that for the "pulpex futures contract", reference to the term
"Daily Settlement Price" is the same as reference to "daily closing price" or
"last traded price" for the Pulpex Futures Contract after reading contract
specification section 2.1.13 of their documentation.  The OM simply defines
it as the last traded price on each business day.  However, "Daily Settlment
Price" for the pulpex options contract per contract specification 2.2.6
defines it as the mid price of the closing bid and offer price.
Give me your fax number and I'll send the documentation to you for review.

That being said I think your floating price language is OK and we should move
forward in order to close the books on this one.

Thanks for your help.

JH.

Sara Shackleton
07/16/99 09:36 AM
To: Jeff Harbert/HOU/ECT@ECT
cc:
Subject: Merita

Please review and let's talk.  Thanks.  SS


What is your address?? I need to send you an invitation to Bryan's birthday
party.? It will be at our house on May 27th from 8 pm until whenever.

Thanks,

Monica Denney

Nortel Networks

/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\
/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/

ESN??????? 450-9595

v???? 512-418-0095????????????????????????????????????? 8310 N. Capital of
Tx. Hwy.

f????? 305-422-8485????????????????????????????????????? Suite 405

c???? 512-773-0095????????????????????????????????????? Austin, TX 78731


I know this is the same as before, but are interested after this week's
action?

Ricky and Warrick for Carter and Smith?


FYI -  Elizabeth forwarded the letter attached below to the ENA contacts listed along with a courtesy copy to Citizens.  The amount of the reservation payments that are outstanding and will revert back to Citizens is $205,755.  Citizens recalled this capacity on 11/30/2001 and will pay TW directly for December business.

Rick
 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Monday, December 17, 2001 2:47 PM
To:	Miller, Stephanie; Foster, Chris H.
Cc:	EHamlin@czn.com
Subject:	Outstanding Invoices Related to Transwestern Pipeline Capacity Release Acquisitions from Citizens Communications Company
Importance:	High

Stephanie/Chris,

Please see the attached letter notifying Enron North America Corp. of outstanding transportation invoice amounts payable to Transwestern Pipeline Company for capacity acquired from Citizens Communications Company for November 2001, which were due on December 14, 2001.  Feel free to contact me at (713) 853-6928 if you have any questions related to these transactions.

Regards,
Elizabeth Brown


PayPal

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You have received this message from PayPal because you have opted to receive our news and updates. Members may specify the types of optional notifications they would like to receive from PayPal by logging in to their account and selecting "Preferences" under the Profile subtab. Please note changes in notification preferences may take several days to be reflected in our emailings. Replies to this email will not be processed.   If you previously asked to be excluded from Providian product offerings and solicitations, they apologize for this e-mail. Every effort was made to ensure that you were excluded from this e-mail. If you do not wish to receive promotional e-mail from Providian, go to http://removeme.providian.com .   Copyright? 2001 PayPal Inc. All rights reserved. Designated trademarks and brands are the property of their respective owners.


There will be no holds barred with the Times and the Wash Post weigh in on this one.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Friday, November 30, 2001 10:44 AM
To:	Mann, Kay
Subject:	RE: Criminal Indictments

Remember that's the WSJ  -- with that op-ed, every other paper NYT etc. will pile on even harder.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Friday, November 30, 2001 10:42 AM
To:	Sole III, Carlos
Subject:	RE: Criminal Indictments

   Good op ed piece.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Friday, November 30, 2001 10:39 AM
To:	Mann, Kay
Subject:	FW: Criminal Indictments

This will make you mad again.

 -----Original Message-----
From: 	Sole III, Carlos
Sent:	Friday, November 30, 2001 10:31 AM
To:	'phil_patman@yahoo.com'; Harris, Bruce
Subject:	Criminal Indictments

I'm still sorting through all of the WSJ articles, but if you read this one, I think it's clear that Lay, Skilling, Fastow, Arthur Andersen and others will have criminal prosecutions and disgourgements.  It is very rare that the WSJ with its conservative bent and with a Republican President writes this type of Op-Ed.  Nevertheless, the article already sets the predicate of Lay's defense that he did not fully comprehend what was going on and, thus, lacked the mens rea for the crimes that Skilling and Fastow will be charged with.

REVIEW & OUTLOOK (Editorial)
Investigating Enron

11/30/2001
The Wall Street Journal
A14
(Copyright (c) 2001, Dow Jones & Company, Inc.)

You can cut the Schadenfreude with a machete these days as Enron careens toward failure. Like any fast-rising, innovative business, the energy trader made enemies, some with a fair grievance and some not. We hope the inevitable (and necessary) investigations keep in mind the difference.
Enron was a forthright advocate of competition, as every obituary of the past few days has noted. Some see the firm's collapse as discrediting the market economics it championed, though the opposite is closer to the truth.
It strikes us that Enron was partly a victim of its own success. Its revenues quadrupled in a year, thanks to the fillip that California's troubles provided to the wholesale power market. But profits were up much less -- i.e., Enron was earning thinner margins in the energy-trading business it pioneered. The new industry quickly became too competitive and transparent to afford any windfalls, just as deregulation admirers would have predicted.
Enron does not own U.S. power plants and generally did not seem to make outsized profits on power for resale in, say, California. But that didn't stop California's eccentric attorney general, Bill Lockyer, from blaming Enron CEO Ken Lay for that state's electricity mismanagement. Last summer he told a Wall Street Journal reporter that, "I would love to personally escort Lay to an 8x10 cell that he could share with a tattooed dude who says, `Hi my name is Spike, honey.'" Consider that an unfair grievance.
Accounting matters are more troubling. The struggle for a century has been to make sure corporate managers don't pursue their own agendas at the expense of owners. The emergence of special partnerships, controlled and owned by Enron's own senior officers, with which the company did some of its murkiest deals, would cause even libertarians to wonder what's been going on. Clearly Mr. Lay didn't fully understand what former Enron CEO Jeffrey Skilling was up to, and shareholders weren't told either.
At the same time, Enron officers had a large amount of personal wealth tied up in Enron stock, which has fallen from $90 to 61 cents. So the mere existence of these partnership deals does not automatically indicate corrupt intent. Only a detailed investigation can resolve whether these deals were honestly motivated, and whether Enron's (and Arthur Andersen's) interpretation of accounting rules was defensible. In any case, trial lawyers will descend to squeeze every penny out of Enron's troubles for themselves (and for shareholders or employees who held Enron stock in their 401(k)s).
As for the investigations, we hope they won't be influenced one way or another by long connections between Mr. Lay and President Bush. Even the hint of special treatment would be a political disaster, especially for an Administration that promised to clean up after Bill Clinton.
While tradition has been not to make criminal matters out of accounting scandals, exceptions have arisen recently. Federal prosecutors in New York have gone after Walter Forbes, who sold his company to Cendant, giving rise to what before Enron was the nation's most costly stock meltdown due to bad accounting. San Francisco prosecutors recently extracted guilty pleas from executives of Aurora Foods over their treatment of trade promotion expenses for their portfolio of "orphan" brands as capital expenditures.
Enron is an opportunity for the Bush team to show it can police similar financial chicanery, if some is found. Sorting the capitalists from the crooks is one way of protecting capitalism.


What location?

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


Thanks Steve.  All contacted, included the drafter, said your insert was
reasonable and acceptable.

Steven J Kean@EES
07/21/2000 12:17 PM
To: Cynthia Sandherr/Corp/Enron@ENRON
cc: Joe Hartsoe/Corp/Enron@ENRON, dwatkiss@bracepatt.com@ENRON,
cingebretson@bracepatt.com@ENRON

Subject: Re: FW: RTO/market power discussion document

In the underscored language added to the RTO section I would insert "access
to" between the words "planning" and "maintenance".

Cynthia Sandherr@ENRON
07/20/2000 06:22 AM

To: Steven J Kean/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON,
dwatkiss@bracepatt.com, cingebretson@bracepatt.com
cc:
Subject: FW: RTO/market power discussion document

---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 07/20/2000
07:30 AM ---------------------------

"Kanner, Marty" <mkanner@kannerandassoc.com> on 07/19/2000 07:09:20 PM
To: "Jane Dunn Cirrincione (E-mail)" <jcirrincione@APPAnet.org>, "Deborah
Sliz (E-mail)" <dsliz@morganmeguire.com>, "Mark Yacker (E-mail)"
<myacker@elcon.org>, "Cynthia Sandherr (E-mail)"
<cynthia.sandherr@enron.com>, "Cynthia Bogorad (E-mail)"
<BogoradC@spiegelmcd.com>, "Gene Peters (E-mail)" <gpeters@epsa.org>
cc:

Subject: FW: RTO/market power discussion document

I sent the following to Andy Black in order to ensure that we also discuss
the RTO/market power issues.  I'll bring copies to the meeting.  Please feel
free to take issue with the language.

Marty Kanner
Kanner and Associates
122 C Street, NW
Suite 500
202-347-6625 - phone
202-347-6605 - fax
www.kannerandassoc.com <http://www.kannerandassoc.com>

-----Original Message-----
From: Kanner, Marty
Sent: Wednesday, July 19, 2000 7:07 PM
To: Andy Black (E-mail)
Cc: Catherine Van Way (E-mail); Curry Hagerty (E-mail); Joe Kelliher
(E-mail); Bob Bolster (E-mail); Ramsen Betfarhad (E-mail); Rick Kessler
(E-mail); Sue Sheridan (E-mail)
Subject: RTO/market power discussion document

Andy -

Thanks again for allowing me to participate in this afternoon's discussion.
As I mentioned, I believe discussions of transmission issues must include
both jurisdictional and RTO.  I understand that the RTO discussion is more
difficult in the absence of paper.  For that reason, I have taken the
liberty of drafting language that I believe mirrors (at least my view) of
one possible construct of RTO Proposal I.

I hope you find this helpful.  I will bring copies to our meeting tomorrow.

 <<rto mp amend for barton discussion.doc>>

Marty Kanner
Kanner and Associates
122 C Street, NW
Suite 500
202-347-6625 - phone
202-347-6605 - fax
www.kannerandassoc.com <http://www.kannerandassoc.com>

 - rto mp amend for barton discussion.doc


Sheetal and Joe:
FYI.
Carol

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 06/14/2000 10:42 AM -----

	Brant Reves
	06/14/2000 10:33 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: CNR Confirmations

Hello,

Here is the status of the CNR deals confirmed under Omnibus contracts.

TAG  Expiry Date

N81067  June 30, 2000
N88379  April 30, 2000
N89635  December 31, 2000
N97626  April 30, 2000
N98689  June 30, 2000
NF2580  January 31, 2001
NM1621 pending confirmation
NM4364 pending confirmation

It is my understanding that we will reconfirm/confirm all of the red deals
under ISDA confirmations.  I have left two messages for two different people
over at CNR.

Thanks
Brant


Sorry about this gang, but my new computer messed up the e-mail list.
It's 4 am and I think I have fixed it.  Maybe.  Bear with me if you are
getting this for the second time this morning.

gba

X-Mozilla-Status2: 00000000
Message-ID: <398A81DA.E883D290@idt.net>
Date: Fri, 04 Aug 2000 01:42:26 -0700
From: Gary Ackerman <foothi19@idt.net>
Reply-To: foothi19@idt.net
Organization: Foothill Services
X-Mailer: Mozilla 4.74C-CCK-MCD {C-UDP; EBM-APPLE} (Macintosh; U; PPC)
MIME-Version: 1.0
To: webmaster <charlotte@wptf.org>
Subject: WPTF Friday Amen Burrito
Content-Type: multipart/alternative;
boundary="------------5CA857B6E2003A3BEF3A907F"

THE FRIDAY BURRITO
"...more fun than a fortune cookie, and at least as accurate."

Everyone is getting into the act.  When I started this gig, I was the
only guy in town writing to folks like you about the power industry in
California.  I wrote about what?s new, what?s happening, and all the
important stuff.  This week, Governor Gray Davis decided to write his
own Burrito.  His epistle got more press than mine, but why is he
muscling in on my turf?  Not to be outdone, PUC President Loretta Lynch
released a report which looks into every facet of California?s power
business.  No stone left unturned. I?m telling you, there isn?t enough
room in this business for all of us.  They need to clear out.

With people like Herr (Hair?) Peace, Governor I?m-Not Mr.-Rogers Davis
and Let?s Do Lynch, who needs a Friday Burrito?  They re-define our
reality each week with mind-numbing aplomb.  For example, starting in
early June, the PX was ordered to compete for business against other
Qualified Trading Vehicles.  Then, two weeks later, the Energy F_hrer
legislated that idea to an early death which kept the status quo for at
least one year.  This week the PUC approved 5-year bilateral deals for
PG&E and SCE, thereby opening the PX to competition, and emasculating
the PX?s Block Forward Market. Zip, bam, boom.

I can?t wait to see what next week will bring.  I hear Senator Bowen is
holding Committee hearings on re regulating the industry, and the
Governor?s new Energy Security Council will meet to decide six things:

What?s for lunch?
Who will sit at the head of the table?
Does anyone have good seats for next week?s Democratic convention?
Is there anyone we haven?t indicted yet in the power industry?
Who will crank up the air conditioning in this room?  It?s getting too
warm.

Then, they will collect data from innocent businesses under subpoena,
ignore the facts, and publish a report.  It makes one want to take a
deep breath, and inhale the scented fumes of democracy.

You know, I can?t think about where to begin, so let?s start somewhere.

>>> Things on the Island of California
 @@@ Is there anyone left at SDG&E with a brain?
 @@@ The PUC issues its scathing report
 @@@ The ISO invokes $250 price caps.  Duh!

>>> Things at the throne of FERC
 @@@ Amen for the Morgan Stanley Order

>>> Odds and Ends (_!_)

>>> Things on the Island of California
 @@@ Is there anyone left at SDG&E with a brain?

Well, the answer very clearly is no.  I have been astounded by repeated
attempts of SDG&E?s most senior people to ape humans, but instead they
mimic apes.

Consider the following.  First, they waltz their default customers into
the summer with little of no protection from price spikes in the
wholesale market.  Forgivable in that it is human to err.  The prices
skyrocket in June, and they start looking for who to blame.  _Must be
them damn independent generators,O say their managers.  Gary Cotton
informs the ISO Governing Board that hedging SDG&E?s position in the
Block Forward Market wouldn?t have made any difference.  There?s one
nobel laureate who missed his prime.

Next, under pressure, they ask for help from suppliers and anyone else
who will assist the utility and their customers.  Nine offers show up at
their table, and they can?t choose any of them.  Again, Mr Cotton tells
his fellow ISO Governing Board members that these things take time, and
we don?t to rush since there are many legislative barriers, and, well,
the surfing was good this week so why spoil it?

Now they are in a panic because the Energy F_hrer is visiting old ladies
living in trailer parks, advising them not to pay their SDG&E
electricity bill, and to continue to operate their air conditioners.
SDG&E puts a full page ad in the local newspaper telling everyone that
SDG&E is doing everything it can to lower their electric bills,
including asking the ISO for a $250 price cap, but the public can help
by calling the ISO [address and phone number provided in the ad] and
urging them to lower the cap.  I always thought the location of the ISO
was a State secret for security reasons.  No secrets in San Diego.

But we are not done.  No sir, we are not.  Those buffalo heads who run
that company decide they will win a gold star on their collective
foreheads, and implement one of the four resolutions passed by the
Electric Oversight Board.  The one they pick is to petition FERC on an
expedited basis to cap at $250, the price at which sellers may bid
energy or ancillary services into the ISO and the PX.  The primary
reason is that Western power markets are not workably competitive.  In
other words, they want FERC to set a max price on what generators can
sell in addition to the price limit at which the ISO can buy!

What I find most astounding about this double talk is that SDG&E
continues to collect tons of money from the sales of regulatory must run
energy into the PX.   These are sales from their stranded assets.  Their
grief hasn?t abated their greed.

So, to recap, SDG&E missed the boat on price hedging, failed to win
consumer confidence in public meetings, asked for help from suppliers
and did nothing in response, then filed at FERC to cap the sale price
because the wholesale market into which they sell (over-priced?) energy
is not workably competitive.  Too much time in the direct sun light.

>>> Things on the Island of California
 @@@ The PUC issues its scathing report

The PUC report released yesterday is a gem with which I have not spent
enough time.  I only read the Executive Summary, and that only because
our counsel, Dan Douglass forwarded me a copy. Let me pick out some of
the gems in President Lets Do Lynch?s burrito.  I would recommend
reading the whole text if you have time, and if you seek perverse
entertainment.

_California is experiencing major problems with electricity supply and
pricing caused by policies and procedures adopted over the past ten
years.

_ Since June, wholesale prices for electrical power in California have
increased on average 270% over the same period in 1999, resulting in
over $1 billion in excess   payments for electricity.

_Hot weather, aging power plant and transmission infrastructure, and
dysfunctional bidding behavior in the wholesale power markets combined
to drive prices up ...

_Because of serious market defects and tight supply of electricity,
purchasers of California power will likely pay billions more in
electricity costs this year. Moreover, these price increases do not
necessarily fund new investments in electricity supply or delivery
reliability - they may flow solely to power producer profit margins.

_Despite the Electricity Oversight Board's legislative mandate to
oversee those institutions, we have been unable to obtain [bid] data.
Nevertheless, ... , we believe enough evidence of questionable behavior
exists that the Attorney General should conduct an investigation into
these statewide market practices, coordinating with other State
agencies, including the PUC and the EOB. Such an investigation would
provide the factual foundation that California policy makers and
regulators need to recover any illegally obtained profits.

_A momentous consequence of California's attempt to create a market in
electricity is that the federal government now regulates California's
electric system. Washington D.C. now controls pricing decisions directly
at the wholesale level and indirectly at the retail level and, to the
extent that supply incentives are correlated to prices, Washington, D.C.
now affects California's ability to attract new investment in power
plants.

_Past administrations' willingness to cede the State's authority to the
federal government combined with the legislative creation of two
non-public supervisory organizations that have no duty to protect the
public or consider the retail customer. The "Independent System
Operator" (ISO) and the "Power Exchange" (PX), the nonprofit private
corporations that operate the State's transmission system and control
wholesale pricing policies, are governed by boards whose members can
have serious conflicts of interest. Some of these board members or their
companies financially benefit from higher prices in electricity markets.
Neither of these private organizations is accountable to the State or
its consumers ....

_Despite the federalization and the fragmentation of the State's
electric services, the State of California should protect its businesses
and consumers from cartel pricing; collusive behavior; inadequate power
plant maintenance and lack of market planning for adequate electricity
supplies.

_California consumers and businesses deserve to know in advance - as San
Diegans did not this summer - how and when the price of an essential
service like electricity will double. California is now largely
constrained by federal mandates from providing comprehensive retail
price relief as long as wholesale prices remain so high. If California
tried to re-impose a price freeze in San Diego now, federal regulators
would likely prevent that action.  ... Short-term price relief, however,
cannot resolve market gaming or fundamental wholesale pricing problems
controlled by federal regulators.

 _We have been precluded from obtaining the data necessary to know if
the ISO and PX failed to detect manipulation and gaming on several
fronts. We do not know how market players acted in price offering and
bidding and scheduling. The FERC has just announced an inquiry into
national pricing and energy market issues. California should not wait
for national findings before it investigates California market
practices. We recommend that the California Attorney General immediately
subpoena relevant records and data to determine the pricing and offering
behavior of market participants; the actions of the ISO and its board
members; and the actions of generators in supplying California's energy
needs.

_Ten Actions to Consider or Act Upon to Prevent Current Electricity
Problems From Spreading in 2001: ...

     2. Create a California Energy Council, modeled on the National
     Security Council, to unify State action to resolve energy
     problems and to perform integrated energy planning;

     3. Ask FERC for extended wholesale price cap authority to
     moderate California wholesale market pricing;

     4. Ask FERC to recognize the defects in the California and
     western regional markets and find that no competitive market
     exists in California power markets;

...

      8. Eliminate potential conflicts of interest in ISO/PX
     stakeholder boards;

     9. Improve California's ability to obtain ISO and generator
     data and enhance the State's enforcement capability for power
     plant maintenance; price manipulation and generation gaming,
     consistent with protection of proprietary business
     information;

     10. Provide the EOB with effective enforcement ability and
     additional oversight authority for the ISO and PX.

_Ten Issues to Consider or Act Upon Within the Next Six Months: ...

     4. Streamline state power plant siting procedures; consistent
     with environmental requirements, and prioritize applications
     to advance clean, BACT+ power plant proposals.

     5. Institute "use-it -or- lose-it" permitting power plant
     licensing and emissions credits rules to ensure power plants
     get built;

     ...

      8. Reform PX pricing protocols and structures to lower
     wholesale and retail prices and reduce excess profitsO

I told you I don?t need to write a Burrito anymore.  The Democrats in
Sacramento are doing that for me.  Welcome comrade.

>>> Things on the Island of California
 @@@ The ISO invokes $250 price caps.  Duh!

It is really hard to describe the drama of an ISO Governing Board
meeting, especially when our favorite topic arises.  It seems the only
time the Board becomes animated is when one of three issues are on the
agenda: price caps, FTRs, and priorities for software enhancements.
Otherwise, its pretty much hum-drum.

%Round and %round we went, once again.  A few more forced votes tipped
the scale in favor of the cap.  There were 15 yes votes, which included
a forced yes vote from our friend Jerry Toenyes by order of Secretary of
Energy Mr. Richardson. [Jerry, did you realize that the last letters of
your name could be re-arranged to spell _NO ET YESO?  Kind of a french
thing.] I?m sorry about that vote, Jerry.  You still go in my book as
one of the brave and bold for standing up to that sort of intimidation
for so long.  Your picture in the SF Chron said it all.

The brave souls who stood tall and voted NO included David Parquet
(Enron), Jan Smutny-Jones (IEP), Barbara Barkovich (CLECA), Caolyn
Kehrein (CMA), Dan Kirshner (EDF), and Stacy Roscoe (Procter & Gamble).
Now, I must admit that Dynegy?s Greg Blue did help by voting a Texas No,
spelled _A-B-S-T-A-I-NO.   I have instructed Dynegy trader Dave Francis
in Houston to work with Greg to correct that problem.  We?re going to
work things out.

The Energy F_hrer addressed the Board, again.  I didn?t mind that I only
had a few brief, very brief moments to address the Board, and Herr
(Hair?) Peace got over 20 minutes.  That didn?t bother me at all.  He
did more damage to himself in 20 than I could do in 2.  He blasted away
at everyone who opposed him.  He pined about Camden quitting the Board.
He said he knew how prices and markets work, that it isn?t the way those
academic egg-head, FERC-loving economists tell you who pray to the gods
of competition.  He lambasted WAPA for withholding generation to protect
fish and wildlife (what was that all about?).  He predicted that on
Thursday?s PUC meeting he and all the other powerful Democrats,
Republicans and angry citizens of San Diego would demand that the PUC
impose a rate cap on retail electric rates in San Diego that are just
and reasonable (it didn?t happen).  And on and on and on.  This man is
very delusional. He believes that Steve, and only Steve Peace can save
the world.  He believes that political will trumps judicial,
quasi-judicial, or independent Board actions.  This man makes relevant
all the abstract musings of the philosopher Friedrich Nietzsche
(1844-1900) ... The will to power, the ?bermensch, the transvaluation of
values, etc.

But we are getting under (uber?) his skin, with the help of the press.
Wednesday afternoon I called Commissioner Dick Bilas to see if he
thought whether the next day?s PUC meeting was going to be a roll over.
Dick said he got a call from Peace, and that Peace said he would not
come to the meeting.  Apparently, Peace had received a lot of press, and
all of it bad.

That?s the thin line of freedom which keeps tyranny at least one step
away from our front door.

 >>> Things at the throne of FERC
 @@@ Amen for the Morgan Stanley Order

And now, the good news.  You deserve this.  FERC gave the California
market a little wiggle room last Friday.  FERC issued a last minute
reply to the complaint by Morgan Stanley Capital Group relating to the
ISO?s intent to lower the price cap.  FERC denied the complaint, but
they didn?t waste time with an Order to simply deny a complaint.  FERC
danced on the head of the ISO and pulled the bite out of the price cap.

Here are some excerpts:

_We accepted this [Amendment 21], not because it was a cap on sellers?
prices but because it would promote order and transparency in the market
by clearly telling sellers of the maximum price the ISO was willing to
pay and allowing sellers to make informed economic choices on whether to
sell in the ISO market or to sell elsewhere...

_ ... The ISO has no more or less ability to procure capacity and energy
than any other buyer of these services ... If the ISO is unable to
elicit sufficient supplies at or below its announced purchase price
ceiling (because generators are free to sell elsewhere if they choose),
it will have to raise its purchase price to the level necessary to meet
its needs. ... Therefore, an increase in out-of-market (OOM) calls for
generation may be necessary to maintain system reliability.  Because the
current payment for OOM is not subject to a maximum purchase price, the
resulting overall payments may be higher.

_To the extent the ... ISO Board resolution contemplates implementing a
directive that generators must bid their capacity into the ISO markets
under any circumstances (e.g., when system load exceeds 38,000 MW), such
a requirement is not permitted by our ... Order and the ISO tariff. ...
Future implementation of the ISO Board resolution with regard to a
requirement to sell would require significant revisions to the ISO
market rules.  Such market changes could not become effective absent a
corresponding amendment to the ISO tariff which would have to be filed
under section 205 of the FPA.O

Well. What do you think about that?

Just wait.  Here is what the sleeping bear, Commissioner Hebert said in
his concurring remarks:

_Getting to the bottom of the problem, in my view, requires us to begin
a proceeding to rescind our approval of the ISO as the operator of the
California grid.  The record supports such a move. ... A memorandum to
the ISO from a stakeholder who resigned from the governing board
eloquently brings to our attention repeated attempts to undermine the
independence of the ISO. The memorandum also thoughtfully outlines
consequences to the markets of a return to %command and control.?

_Because these allegations come from a non-market participant,
especially should we take heed.  We must also take notice of the public
pressure on the Board to compromise its independence.O

Amen, brother, amen.

>>> Odds and Ends (_!_)

As you can imagine, this week, like an endless string of weeks before
this has been interminable.  I get about three phone calls a day from
press reporters, very little of which ever sees print.  My shtick is
just too complex for casual readers.  But I do notice that the reporters
are asking better questions.  The public is becoming more savvy.  The
information flow is moving in our favor, and will disarm the forces of
evil, in about 10 years.

I have other problems on my mind.  I am working on a new computer
system.  Really, it?s just an upgrade of an older computer that is a bit
faster than the laptop I tried to upgrade, very unsuccessfully.  As a
result of the all the new hardware and software I purchased, my office
looks like a war zone with an odd mix of PUC service copies, computer
documentation, and diskettes laying all around. Quite a mess.

Prepare for the future.  Our next general meeting is scheduled for
Thursday and Friday, October 5 and 6 at Moro Bay.  Barb Ennis will
prepare a blurb for us in next week?s Burrito about room reservations,
timing, golf, etc.  Our guest speakers will include MSC Chairman
Professor Frank Wolak who will talk on the subject of his choice, Ms.
Irene Moosen of Grueneich Resource Advocates who will make a
presentation on the distributed generation case before the PUC, and
William Freddo of PG&E National Energy Group who will give us some
education on operating a power plant inside the New England ISO.

Now for your daily bread, provided this week by Dan Douglass.  Last week
we had a joke about Catholics.  This week it?s agnostics.
=====================
An atheist was taking a walk thru the woods, admiring all that the
accident  of evolution had created.  "What majestic trees!  What
powerful rivers! What  beautiful animals!"  he said to himself.

As he was walking alongside the river he heard a rustling in the bushes
behind him.  As he turned to look, he saw a 7 foot grizzly bear
charging  towards him. He ran as fast as he could up the path.  He
looked over his  shoulder and saw that the bear was closing in on him.
He tried to run even  faster, so scared that tears were coming to his
eyes. His heart was pumping  frantically as he tried to run even faster,
but he tripped and fell on the  ground.  He rolled over to pick himself
up and saw the bear right on top of  him raising its paw to kill him.

At that instant he cried out "Oh my God!" And time stopped. The bear
froze.  The forest was silent.  The river even stopped flowing.  A
bright light shone  upon the man, and a voice out of the sky said, "You
deny my existence all  these years, teach others I don't exist and even
credit my creation to a  cosmic accident, and now do you expect me to
help you out of this  predicament?  Am I to count you as a believer?"

The atheist, ever so proud, looked into the light and said, "It would be
rather hypocritical to ask to be counted as a believer after all these
years,  but could you make the bear a believer?"

"Very well" said the voice. And the light went out, the river flowed,
the  sounds of the forest continued, and the bear brought both paws
together,  bowed his head, and said, "Lord, I thank you for this food
which I am about  to receive."
==================

Amen.  And have a great weekend.  Oh, and thanks to all of you who sent
me happy birthday wishes.  It was very much appreciated.

KSB
gba
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Elizabeth Sager
713-853-6349


I thought you were supposed to have your toes in the sand in Florida.

I'll have to check with Kathleen on the details of the documentation for the
various development companies.  If there are a couple most active we can put
those on the top of the list.

Kay

	From:  Ann Elizabeth White @ ECT                           04/03/2001 11:43 AM

To: Kay Mann/Corp/Enron@Enron, Kathleen Carnahan
cc:

Subject: Status

What is the status of  Ben Jacoby's appointment as agent and attorney in fact
for the development companies?


I,m jealous of your beautiful dog, but do you have any pictures of family?
Lunch tommorrow is out (standing in line at post office to get passport for
trip to Paris).  Next week I'm mostly out (trip to NY with daughter Ella for
wedding of girlfriend I've known since I was Ella's age) but call me anyway
or I'll try to call you.
PS As you can tell, work is a low priority right now, so .... let's go!


Our recent mailing came back.

If you wish to continue to receive our catalog please send us your address
change ASAP.

Thank you,

Victor Doyle
General Manager

Pop's Wines & Spirits
256 Long Beach Road
Island Park, New York 11558

516.431.0025
516.432.2648, Fax

sales@popswine.com
www.popswine.com


What was the issue?  Montana is ours.  I did a deal with MPC Storage earlier in the year and am also working with Industrials up there.  Did Montana secede the Union and join Canada?  You think it would have made the news!

 -----Original Message-----
From: 	Tycholiz, Barry
Sent:	Thursday, September 13, 2001 1:23 PM
To:	Le Dain, Eric
Cc:	Whitt, Mark
Subject:	Energy West Coverage

Eric, I received your message on discussions with Energy West.  Firstly, I was unaware of any pricing discussions or notional prices being put out to the customer and I have not discussed with Dave, or Mark Whitt. With that being said, I am sure Dave is out marketing products and services to all of the Utilities in the PNW.

With out a doubt, we need to discuss this effort as it relates to and creates conflict or duplicate coverage.. I look forward to the discussion and did try to call you earlier today to discuss directly.

BT