Joe,

I have slotted you 90 minutes w/Greg on Wednesday @ 4:00 p.m.  Greg is
scheduled to participate in a Houston conference call @ 5:30 p.m.  You guys
are connecting again for dinner.  Please let me know the time and location
for dinner on Wednesday night.  Also, Greg says his schedule is open enough
that he would like to hang out on the floor w/you and your guys.  He will be
officing over by John Sherriff and the mobile number he's carrying is +44
7901516638.

Many Thanks,

Liz Taylor


----- Forwarded by Mark Taylor/HOU/ECT on 08/23/2000 09:40 AM -----

	RCosentino@milbank.com
	08/23/2000 02:33 AM
	Please respond to RRichards

		 To: doug.mcdowell@enron.com, craig.clark@enron.com, ryan.siurek@enron.com,
gareth.bahlmann@enron.com, clint.walden@enron.com, kevin.d.jordan@enron.com,
mark.taylor@enron.com, carol.stclair@enron.com, brent.vasconcellos@enron.com,
annmarie.tiller@enron.com, Fcochran@velaw.com, acurry@velaw.com
		 cc:
		 Subject: Delta III

Attached below please find the following blacklined documents:

(1)? Enron/Delta Swap (marked against the prior draft distributed);
(2)? Enron/Citibank Swap (marked against the prior draft distributed);
(3)? Enron/Delta Guaranty (marked against the prior draft distributed);

Enron/Citibank Guaranty (marked against the prior draft distributed);
Enron/Delta Fiscal Agency Agreement (marked against Delta II);
Enron/Citibank Fiscal Agency Agreement (marked against Delta II); and
Indemnification Agreement (marked against the prior draft distributed).

Please note that the attached have not been reviewed by Citibank and
therefore remain subject to their comments as well as the continuing internal
review by Milbank, Tweed.?

Please do not hesitate to contact the undersigned with any questions or
comments.

??????? Eric Moser
??????? (212) 530-5388
Ray Richards
(212) 530-5575

 <<EnronDeltaSwap.doc>>  <<EnronCitibankSwap.doc>>
<<EnronDeltaGuaranty.doc>>   <<EnronCitibankGuaranty.doc>> ?
<<EnronDeltaFiscalAgencyAgmt.doc>>  <<EnronCitibankFiscalAgencyAgmt.doc>>
<<IndemnificationAgmt.doc>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - EnronDeltaSwap.doc
 - EnronCitibankSwap.doc
 - EnronDeltaGuaranty.doc
 - EnronCitibankGuaranty.doc
 - EnronDeltaFiscalAgencyAgmt.doc
 - EnronCitibankFiscalAgencyAgmt.doc
 - IndemnificationAgmt.doc


Call Scott Palmer x36599. Called this morning

Irena Hogan
Sr. Administrative Assistant
Enron Americas
(713) 853-6143


Attached, please find two proposed documents from Ken Smith for review
and comment:

 - 39 billion dollar fix.rtf
 - Constructive plan.rtf


Welcome to the AOL Instant Messenger(SM) service!

Thank you for confirming your free AOL Instant Messenger account.  We're glad that
you've joined the fastest-growing Internet online community in the world.

-------------------------------------------
Start using the AIM(SM) service today!
-------------------------------------------

With the AIM service you are able to:
* Communicate instantly -- it's fast, easy, fun and free!
* Create your own Buddy List(r) feature -- see when your friends and family are online.
* Meet new friends in our chat rooms or by searching our member directory.
* Follow your stocks and news headlines, exchange files and images and much, much more.

-------------------------------------------
Check out our web site!
-------------------------------------------

Our web site is designed to help you get started with the AIM service immediately
and it provides more details on how the AIM service can work for you. Go to
(aim.aol.com/redirects/aimemail/aimhome.html) to learn about topics such as:
* Getting started
* Finding buddies
* Setting up your Buddy List feature
* Privacy settings
* Joining AIM chat rooms
* Answers to frequently asked  questions -- FAQs
* Accessing the AIM service from anywhere -- Quick Buddy

Welcome to the AOL Instant Messenger community. See you online!


The following expense report is ready for approval:

Employee Name: Richard A. Dietz Mr.
Status last changed by: Alma S. Green
Expense Report Name: RD3802
Report Total: $1,217.48
Amount Due Employee: $1,217.48

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Dear Susan and Jeff:

Here are examples of the declarations we filed with our earlier 1-28-00
settlements.  Please feel free to modify the format to suit your needs, as
what we really want is a concise description of the nature of the interest
you represent (i.e., interstate pipeline supplier), why the settlement has
benefits for your class of interested party and that you assert that these
benefits lead to the conclusion that the settlement is, on balance, in the
public interest.

Thanks.  Call me directly if you have any questions.  Mike Day

 <<CALPIN~2.DOC>>  <<x08657.doc>>  <<x08940.doc>>  <<DECLAI~1.DOC>>

 - CALPIN~2.DOC
 - x08657.doc
 - x08940.doc
 - DECLAI~1.DOC


Susan:  Please prepare a draft ISDA for the above parties with:  (1)  no CSA
and (2)  bilateral cross-default at US$100 million.  I am presently reviewing
CP comments to the ENA master and may have some changes for you tomorrow.  We
will send this out on Tuesday.

Clint:  First Union Securities Inc. is the bank's marketing arm and is NOT
the correct ISDA counterparty.

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


Start Date: 4/17/01; HourAhead hour: 10;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041710.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 10 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 10 / Preferred:  50.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 10 / Preferred:  50.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 10 / Preferred:  50.05 / Final:  50.02)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  SC_ID: EPMI


Sam:  Please prepare ASAP.  The Merrill party referenced is "Merrill Lynch
Capital Services" which we'll need to review.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/15/2001 10:00 AM -----

	Tracy Ngo
	03/14/2001 09:52 PM

		 To: Janice R Moore/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 cc: William S Bradford/HOU/ECT, Rhonda L Denton/HOU/ECT@ECT, Genia
FitzGerald/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT
		 Subject: Allegheny Energy Supply Company LLC Credit Worksheets

Janice/Sara,

Attached please find the fully, negotiated credit terms for an Amended Master
Energy Purchase and Sale Agreement between CP and EPMI as well as the new
credit terms for an ISDA Master Swap Agreement between CP and ENA.

Janice/Sara:  Please ensure that Specified Entities for the ISDA include
Enron Corp. and EPMI, and that the setoff provisions in both the ISDA and
Master Power are consistent.

Sara:  In the essence of time, Merrill Lynch showed Allegheny Energy the
existing ISDA between ENA and Merrill Lynch.  So, Allegheny's attorneys have
reviewed the ISDA terms that we had with Merrill in order to "get up to
speed" with the ISDA that Allegheny would end up having with ENA via
assignment or "reproduction of some sort."  After the financial gas and power
deals are assigned completely to Allegheny, ENA will continue to have
interest rate swaps/and maybe even a weather swap with Merrill.  That being
said, I don't think we can necessarily "assign" the ISDA with Merrill to
Allegheny.  I think we will need to "reproduce" the majority of the terms to
a new ISDA w/Allegheny.

Please let me know if you have any questions.

Regards,
Tracy
503-464-8755

(revised terms for existing Master Power) (new terms for ISDA)


Dear you-
I will give her a call tomorrow.  My boss is leaving earlier than me on Thursday, so maybe I could meet with her then.  Thanks for the suggestion.
Beth

 -----Original Message-----
From: 	Stepenovitch, Joe
Sent:	Monday, October 08, 2001 9:06 AM
To:	Peters, Elizabeth
Subject:	RE: FW: Suzette's friend

If your going to be in Ft. Lauderdale this week try to set up a time to meet with her....that would be my advice!

-me

 -----Original Message-----
From: 	Peters, Elizabeth
Sent:	Monday, October 08, 2001 8:52 AM
To:	Stepenovitch, Joe
Subject:	RE: FW: Suzette's friend

I sent her an email thanking her and answering her questions. I will follow-up with a phone call later this week when I get back from Fort Lauderdale-have to go there for work.

On a sidenote-it was good to see her questions.  I have decided to re-format my resume to make the Enron piece more consistent.  Although Enron people appreciate adaptability and changing roles, I understand non-Enron people may interpret that as NOT being able to hold a job.  It gave me some good insight.

Okay-let me know if you have any other thoughts.  I have to join the LONGEST conference call in the world in a couple minutes.  Cheers,
Beth
 -----Original Message-----
From: 	Stepenovitch, Joe
Sent:	Monday, October 08, 2001 8:45 AM
To:	Peters, Elizabeth
Subject:	RE: FW: Suzette's friend

I would call her...  Not today (its a holiday) but tomorrow........(954) 765-2090

-Joe

 -----Original Message-----
From: 	Peters, Elizabeth
Sent:	Monday, October 08, 2001 8:30 AM
To:	Stepenovitch, Joe
Subject:	RE: FW: Suzette's friend

Hey Joe-
I will send the answers to your Mom directly, but the reason I have moved around at Enron is b/c I was in the associate program. As you know, we rotate every six months.  The reason I am looking for something new in Florida is because that is where my boyfriend is and since we are talking about getting engaged, we both think it would be much more successful if we lived in the same place (just kidding).  Thanks again and I hope you enjoyed yourself in Vegas.
Beth

 -----Original Message-----
From: 	Stepenovitch, Joe
Sent:	Monday, October 08, 2001 7:24 AM
To:	Peters, Elizabeth
Subject:	FW: FW: Suzette's friend

Good Morning Beth,

Sorry I didn't get back in touch with you last week, but I was in Las Vegas.  If you would could you please answer these questions or If you want you can call my mother directly (its your call).  Let me know what you decide...  Have a nice day.

-Joe

 -----Original Message-----
From: 	linda.stepenovitch@bankofamerica.com@ENRON [mailto:IMCEANOTES-linda+2Estepenovitch+40bankofamerica+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, October 04, 2001 9:04 AM
To:	Stepenovitch, Joe
Subject:	Re: FW: Suzette's friend

Joe,
I have a couple questions.
1. Why is she looking for a new job?
2. She does not seem to stay very long in one position.  I would question
why?

Her resume looks great but I sense something with her that you need to
convince me otherwise before I forward to Personnel.
Love,
Mom
I have Alyssa with me for three days.  She talked about you all night last
night.  I'm not sure why. She really wants you at her birthday party.  I
told her you would see her on Friday.


LS HPL LSK IC       2.500 / Enron


Lysa - Please forward the e-mails from Gary Dalke re the above topics to
Christian Yoder,  Elizabeth Sager, and Vicky Sharp for their review.


Hi Carolyn,

Is this the most current version?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/22/2001 04:08
PM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/11/2001 06:29:24 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'ben.f.jacoby@enron.com'" <ben.f.jacoby@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>

Subject: Revised 7EA Turbine Letter Agreement

 <<2RZ504!.DOC>>  <<2RZ5RED.DOC>>

Kay:

We have enclosed clean and marked copies of a revised draft of the 7EA
turbine letter agreement reflecting revisions from the draft previously
distributed on January 8, 2001.  Please review and advise of any comments.
Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com

Enclosures: 129569v4
  129569vR4/3

 - 2RZ504!.DOC
 - 2RZ5RED.DOC


I just spoke to Marshall who advised that June 7 is the earliest date on
which KCS can close.  Our target date is June 8.

Teresa

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com


UUhh..what happened to ya'll last night. Thanks for blowing it off w/o letting me know. Ritas were good and plenty, had a few and decided to stick it out alone.  Actually met a whole new PILE of friends there.

HALLELUJAH!!!!!!!!!


---------------------- Forwarded by Chris Germany/HOU/ECT on 06/21/2000 07:47
AM ---------------------------
From: Keith Fraley on 06/20/2000 12:46 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Map


Start Date: 2/3/02; HourAhead hour: 11;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020311.txt


Please see the revised memo from Steve Kean regarding WSJ article on Mark to
Market Accounting.


Please let me know if you have any questions.

Thanks,

Fran Chang


ADesell@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Due to the terrorist actions in NYC which collapsed offices in the World
Trade
   Center complex and reduced customer Load in that Transmission District,
   the
   ISO is re-calculating the Unforced Capacity ("UCAP") requirement for the
   Consolidated Edison Transmission District (CETD) and the New York
   Control
   Area.  The new UCAP requirement for the CETD for the Capability Period
   11/1/01 to 4/31/02 is 12788 MW and the total UCAP requirement for the
   New York Control Area is 32892 MW.  Changes in the UCAP requirements
   of affected LSEs will be provided to them, individually, today.

   The table below provides a comparison of the revised UCAP requirements
   to those in effect prior to this revision.

                Revised   In Effect Prior          Reduction
                10/15/2001     to 10/15/2001

   Statewide         32892 MW  33024 MW       132 MW

   CETD         12788 MW  12920 MW       132 MW

   In-City           7613 MW   7703 MW        90 MW


I somehow created two of the same files that are linked, and I cannot unlink
them. The files are xxx4:1 and xxx4:2. I have tried closing the iles and
closing excel, but when I re-open xxx4, both the files are re-opened. This is
a very important file, so I need help as soon as possible. Thank you.

Bob Badeer

503 464 3926


I've already forwarded for approval so that we can act as needed.   Once I have prelim. approval I'll forward it to you for further consideration.
H
 -----Original Message-----
From: 	Apollo, Beth
Sent:	Friday, January 18, 2002 9:49 AM
To:	McLoughlin, Hector
Cc:	Beck, Sally
Subject:	FW: Pam Carter

  Hector  -- we need to try to contact this person and bring her back  ---- there is no one here who knows how to do these things

Many of them will be in the ongoing company.

Who's approval do I need to get this done?
[Apollo, Beth]
Beth

here is a list of things Pam would be able to do if we could bring her back.  A number (Almost all) of these items are not being done.

PAM'S RESPONSIBILITIES

1.	Generated third party monthly accruals for accounting
2.	Trued up prior period accruals against actual invoices
3.	Monthly/Quarterly/Annually Department of Energy Reporting (DOE)
4.	Quarterly/Annually  Federal Energy Regulation Commission Reporting (FERC)
5.	Monthly Green Power reporting for California Energy commission (Enron Wind)
6.	Manual Downloads of customer usage/metered via CSC via utilities.
7.	Monthly California Settlement
8.	Monthly Ohio Settlement- First Energy
9.	Monthly EMPI settlement (Or New Wholesale Trading Partner)
10.	Prepare Consumption band calculations to be put on customer  invoices
11.	Prepare third party billing
12.	Spreadsheets
a.	Comparing metered vs. scheduled
b.	Original scheduled vs. final scheduled
c.	EPMI purchases/sales vs. EES scheduled.
d.	Comparing ancillary service charges to traders original deal

Please let me know what we can workout.

Thanks - MO


Is this showing up on today's list?
---------------------- Forwarded by Tana Jones/HOU/ECT on 12/30/99 08:49 AM
---------------------------

	Enron North America Corp.

	From:  Patricia Cini                           12/30/99 07:47 AM

To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: Sithe Power Marketing, L.P. - New EOL Counterparty Response
12/29/99

Tana-

We are not adding this counterparty to EOL until I have legal approval.

Regards,

Pat

	Enron North America Corp.

	From:  Tana Jones                           12/29/99 05:28 PM

To: Patricia Cini/HOU/ECT@ECT
cc:
Subject: Re: Sithe Power Marketing, L.P. - New EOL Counterparty Response
12/29/99

I've had no list come throught with this counterparty.  What's the scoop?
Will it be on tomorrow's list?


Mark your calendar!  The Corporate Holiday Party is on Saturday, December 9th
at the Museum of Natural Science.  Your formal invitation will be
hand-delivered within the next two weeks!


----- Forwarded by Mark Taylor/HOU/ECT on 03/02/2001 07:29 PM -----

	Holly Keiser@ENRON_DEVELOPMENT
	03/02/2001 06:33 PM

		 To: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert
Bruce/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Tana Jones/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Stephanie
Panus/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT, Carol
St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angela Davis/NA/Enron@Enron,
Suzanne Adams/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Taffy
Milligan/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT, Carolyn
George/Corp/Enron@ENRON, Janette Elbertson@ECT, Mark E Haedicke@ECT
		 cc:
		 Subject: Mark Taylor - Pager Number

Mark Taylor has a one-way messaging pager.

to leave a numeric message:  1-877-855-2081

To send an email message:  8778552081@pagenetmessage.net

Thanks!
Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


Ferc total for 1997 by Desk (created by Mary Hain/HOU/ECT on 3/25/99)


Just FYI---we will NOT be mentioning Enron's name in the Allegheny Press
Release that each of you have approved. Per Allegheny's request, we are
deleting the sentence in the 1st paragraph which mentions that Las Vegas
Cogeneration II is owned by Southwest Power, an affiliate of Enron North
America. Everything else in the Press Release will stay the same.

Allegheny asked that Enron NOT be included in the release, as they feel we
have different approaches/philosophies in the marketplace, and they believe
it may send a mixed message. However, there is not any sort of
confidentiality agreement regarding the transaction, therefore we are
certainly free to talk about it publicly.

Please let me know if you have any questions and I apologize for the multiple
emails regarding this release--we just wanted everyone to be in the loop on
all the changes.

I have attached the FINAL Press Release for your files--this will be released
by Allegheny on Friday morning, 5/11.

Thanks,
Jennifer Walker
Enron Public Relations
x3-9964


- salmon.asf


We lost 1/2 of the money on our west basis positions.
We lost the other 1/2 on fixed price length.


Hi Mike,

Since we haven't had any luck hooking up on the telephone, I wanted to
transmit to you an initial draft of a facility agreement, as contemplated by
the contract for the transformer packages for the LM's.  I would have sent
this to Dave, but I don't seem to have his email address.

Since the WestLB financing facility is scheduled to expire soon, we need to
get the transformers transferred into our new facility, as well as get them
contractually allocated to various projects.  Please give me a call or have
Dave call me so that we can handle this as expeditiously as possible.

Thanks,

Kay

713 345 7566


Susan:
Here is what John wants to do.  He wants to put everything under the 1996
Master Agreement and is willing to increase their collateral threshold from
$10,000,000 to $16,000,000.  He also wants to increase our threshold the
same.  He has alos given is permission to do our form updates.  Could you
please communicate this to your contact and if they need to speak with
someone in credit, please give them John's name.  Thanks.
carol


Do you guys follow these reports?  Do we need to correct them?
----- Forwarded by Steven J Kean/NA/Enron on 10/09/2000 08:50 AM -----

	Mark Schroeder@ECT
	10/09/2000 04:05 AM

		 To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON
		 cc:
		 Subject: Calling All Investors: The New Power Company's IPO Priced at $21
Per Share

Was Enron actually banned from the California residential market, as per
below?  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 09/10/2000
10:08 ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "IssueAlert" <IssueAlert@scientech.com>
06/10/2000 12:13

To:
cc:

Subject: Calling All Investors: The New Power Company's IPO Priced at $21 Per
Share

http://www.consultrci.com

************************************************************************
SCIENTECH's timely and newest InfoGrid, The Telecommunications InfoGrid,
will help you keep up with the latest moves of energy companies into the
fast-growing telecom market.  Learn more about SCIENTECH'S InfoGrids at:

http://www.consultrci.com/web/infostore.nsf/Products/InfoGrid
************************************************************************

===============================================================
SCIENTECH IssueAlert, October 6, 2000
Calling All Investors: The New Power Company's IPO Priced at $21 Per Share
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

TNPC, Inc., parent of The New Power Company, announced yesterday that its
initial public offering (IPO) of 24 million common shares was priced at
$21 per share. The stock closed yesterday at $27 per share. The Company
expects to receive net proceeds from the offering of its shares at
approximately
$473 million, exclusive of the underwriters' option to purchase an additional
3,600,000 common shares to cover over allotments. TNPC, Inc.*a partnership
between Enron, America Online (AOL) and IBM*was formed in late 1999 to
provide electricity and natural gas directly to households and small
businesses
in the deregulated energy marketplace. TNPC's shares will be listed on
the NYSE under the symbol NPW. Closing of the offering is expected to occur
Oct. 11.

ANALYSIS: I am sure that many eyebrows were raised when TNPC issued the
IPO of its stock at $21, a figure that seemed surprisingly high for a start-up
company that has been in operation only since early summer. It is rather
mind-boggling that a company with no significant track record could open
its stock at such a price, but it is not unheard of. In fact, TNPC is
following
a trend of new Internet companies initiating IPOs that are supported by
grand concepts rather than tangible success. However, the TNPC "dream team"
alliance between Enron, AOL and IBM has been met with great expectations
(and a lot of skepticism as well) throughout the industry.

I read through the S-1/A filing that TNPC submitted to the SEC, so hopefully
I can cut through the hype regarding this deal to get to its nucleus. First,
TNPC acknowledges repeatedly throughout its filing that it is entering
into an extremely high-risk venture, and in fact will "incur substantial
operating and net losses, and cannot assure that we will attain
profitability."
Further, TNPC admits that it expects to incur these losses for a
"significant,"
but undetermined, period of time. Why, then, would Wall Street be greeting
this IPO with such a positive welcome? One could easily argue that the
sheer market presence of Enron, AOL and IBM has by association driven up
the value of TNPC, but I think a deeper answer lies within several factors.

First, TNPC has been bankrolled by some hefty investments. In two separate,
private placements, investors such as Enron, GE Capital Equity Investments
and DLJMB Partners (among others) put up about $214 million in start-up
capital in exchange for shares in the company. Enron is the majority owner
of TNPC, with 57-percent control. This money has allowed TNPC to make
important
acquisitions. For instance, TNPC bought the residential and small commercial
retail energy business of Columbia Energy Group, which includes approximately
285,000 natural-gas customers and 20,000 electricity customers in eight
states. This is a valuable card in TNPC's deck as it locks in customers
during this time when deregulation is developing slowly in retail markets.
I wouldn't be surprised if TNPC makes a similar acquisition of another
customer base in the near future, such as in Texas, where customers have
been spun off to energy service companies rather than being held by the
T&D operations of utilities. In other words, in Texas TNPC could easily
buy customers without having to buy wires or infrastructure, assuming there
is a willing seller.

Second, and perhaps more importantly, earlier this year Enron transferred
its residential and small commercial retail operations in California and
Ohio to TNPC. This deal included the operations of Enron Energy Services
but did not include PG&E Energy Services, which Enron acquired earlier
this year. Together with the Columbia Energy Group acquisition, TNPC has
come out of the gate running with a significant beginning customer base
of over 325,000 customers. Why would Enron have turned over its residential
customers to TNPC?  Don't forget that Enron struggled in and retreated
from the California residential market, stating that it couldn't make any
money in the retail market. TNPC's S1/A filing confirms rumors that Enron
Energy Services actually retreated from California due to a lawsuit claiming
the company had violated laws relating to advertising directed to residential
consumers in 1997 and 1998. Enron was in fact banned from selling power
to the residential market in California. Under this customer transfer,
Enron is able to put its money into a completely separate business*essentially
moving this high-risk business venture, and worst performing part of its
retail service, off its own books. Yet if TNPC succeeds, Enron still benefits
as it is the majority owner.

I think these two factors answer why Wall Street has looked so favorably
on a self-described "new company with a limited operating history." Looking
ahead, can TNPC maintain this comparatively high value of its stock?  Well,
there's both good news and bad news for TNPC. First, let's look on the
bright side. TNPC has put into place a great management team, starting
with H. Eugene Lockhart, formerly of AT&T, as president and CEO. Other
key players bring retail market expertise from work at MasterCard, Exxon
and PespiCo. In addition, within the energy industry, TNPC arguably could
not have a better backer than Enron. What other company's touch has been
golden in nearly every venture it has pursued? In addition to being the
majority owner, Enron probably is also providing TNPC access to commodities
at preferential prices, which will certainly enhance its sales approach
in the retail market. Plus, TNPC has access to the 24 million customers
that AOL represents, which I've always thought was the company's secret
weapon.

But then there are the risks, and they are substantial. First, competition
is not materializing rapidly on the retail side. In a state like Pennsylvania,
which perhaps represents the strongest deregulated market in the United
States, only about 16 percent of customers in PECO's territory have opted
to switch their provider. So, TNPC has an uphill climb, to say the least,
in making any inroads at capturing a lock*and making money*in the retail
market. Second, the only way that I can see TNPC making it at all is if
they continue to buy customers like they did from Columbia Energy Group.
There are big questions surrounding whether the company will be able to
do this or not, and much of its success hinges on this uncertainty.

Third, and perhaps most serious of all, is TNPC's vulnerability on the
technology side of its operation. TNPC has entered into a 10-year revenue
management and customer care agreement with IBM Global Services, under
which IBM will manage the company's online commerce and billing applications.
IBM's track record in developing customer care systems is less than stellar.
In fact, PG&E initiated a lawsuit against IBM a few years ago when the
utility had to pull the plug on a massive $100 million customer information
system (CIS), employed by IBM, which it claimed was ineffective. IBM has
partnered with SCT to provide the infrastructure to be used by TNPC. Under
an agreement between IBM Global Services and SCT, the SCT Banner CIS will
be integrated into a number of back-office IT solutions under development
by IBM for TNPC. Experts in the CIS industry have questioned whether SCT's
Banner CIS can handle over one million customers. If it cannot, this will
surely limit TNPC's growth potential.

Moreover, although TNPC's IPO signals a strong future, there are many
uncertainties
surrounding this nascent operation. As one of the few major players in
the energy retail market, TNPC has very few competitors, with the possible
exceptions of NewEnergy or GreenMountain. Another competitor is also emerging
in Britain's Centrica, which plans to expand in North America after its
recent acquisition of Canadian retail gas supplier Direct Energy.
Consequently,
the coming year could either make or break TNPC and the challenges that
the company faces in wanting to conquer the retail market are extremely
steep.
==============================================================

Learn more about SCIENTECH's Issues and Analysis products and services
at:

 http://www.consultrci.com/web/rciweb.nsf/web/Depts-IA.html

===============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products including e-commerce and telecom in the electric utility
industry. If you would like to refer a colleague to receive our free, daily
IssueAlerts, please reply to this email and include their full name and
email address or register directly at:

http://www.consultrci.com/web/infostore.nsf/Products/IssueAlert

Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


James,

Let's discuss how you are approaching this with Anderson.  I am very interested in their opinions - - -

Thanks,

Eric Gadd

-----Original Message-----
From: Saunders, James
Sent: Friday, October 26, 2001 3:53 PM
To: Hill, Robert
Cc: Fossum, Drew; Gadd, Eric; Hayslett, Rod
Subject: RE: ANGTS

yes it is for Andersen
we are evaluating the possibility to "writeup" our old interest in ANNGTC give renewed interest
in the venture

-----Original Message-----
From: Hill, Robert
Sent: Friday, October 26, 2001 1:47 PM
To: Wiederholt, Patricia
Cc: Saunders, James; Fossum, Drew; Gadd, Eric
Subject: RE: ANGTS

Hi Jim, yes there are files available. Is this for Arthur Andersen ? (I could not tell from Heather's e-mail address)  We have a task force looking into this on behalf of Enron and there is a data room that would have the old Partnership Agreement. This data is under a confidentiality agreement, so I would say contact Drew Fossum about it.  If that is a problem, I have a copy of the old ANNGTC Partnership Agreement (pertaining to the Alaskan segment of ANGTS) that I extracted from InterNorth's old files last summer.  Let me know. Bob Hill. 402-398=7888.

-----Original Message-----
From: Wiederholt, Patricia
Sent: Friday, October 26, 2001 10:32 AM
To: Hill, Robert
Cc: Saunders, James
Subject: FW: ANGTS

Bob,
Can you help Jim out on this?

Jim,
Bob has been the focal point for any of our discussions related to Alaska.  Hopefully he can provide what you are looking for.

-----Original Message-----
From: Saunders, James
Sent: Wednesday, October 24, 2001 1:17 PM
To: Wiederholt, Patricia; Chandler, Bob
Cc: 'heather.l.mueck@us.andersen.com'; Hayslett, Rod
Subject: RE: ANGTS

patty or bob - do you have any "old" files related Internorth's participation in the ANGTS partnership in the late 70's early 80's?

-----Original Message-----
From: heather.l.mueck@us.andersen.com
[mailto:heather.l.mueck@us.andersen.com]
Sent: Tuesday, October 23, 2001 4:12 PM
To: Saunders, James
Subject: ANGTS

Jim -

Any luck in locating a copy of the partnership agreements so we can review
the withdrawal right provisions related to ANGTS?

Heather
*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If
you are not the addressee indicated in this message (or responsible for
delivery of the message to such person), you may not copy or deliver this
message to anyone. In such case, you should destroy this message and kindly
notify the sender by reply email. Please advise immediately if you or your
employer do not consent to Internet email for messages of this kind.
Opinions, conclusions and other information in this message that do not
relate to the official business of my firm shall be understood as neither
given nor endorsed by it.


Here is the Lincoln model we used.  Let me know if you have any questions.
Thanks
Ben


Rosalyn -

Can I get you to forward me an old SAP wire transfer file.  I need the form
to give to someone.

Thanks!


Attached below is a summary of Enron Power Marketing's Motion to Intervene in
the Mirant v. CAISO proceeding before FERC.  Please let me know if you have
any questions or comments.

Thanks

John


I'm walking home for lunch and I'll call in 5 minutes.  or you can try me
there
at 610-676-0483 between then and 12:30 (9:30) or so.

> -----Original Message-----
> From: jdasovic@enron.com [SMTP:jdasovic@enron.com]
> Sent: Friday, August 04, 2000 11:30 AM
> To: gramlr@pjm.com
> Subject: RE: GSPP on the forefront
>
>
> can you give me a call?  415.782.7822.  i'm freed up from a call i'm on in
> about 15 minutes.
>
>
>
>
> gramlr@pjm.com on 08/04/2000 08:26:16 AM
>
> To:   jdasovic@enron.com
> cc:
> Subject:  RE: GSPP on the forefront
>
>
> The threshold question is sponsorship, so if you have any ideas I'd
> appreciate
> it.  My contacts are all academics/policy people which is of no help at
> all.
>
> Do you work for Kaufman?  What's he like?  It sounds like you know about
> the
> position--would it be working with you?
> Rob
>
>
> > -----Original Message-----
> > From:   jdasovic@enron.com [SMTP:jdasovic@enron.com]
> > Sent:   Friday, August 04, 2000 11:13 AM
> > To:     gramlr@pjm.com
> > Subject:     Re: GSPP on the forefront
> >
> >
> > Greetings.  Hold on, you mean someone's happy being involved with PJM?
> You
> > may be the only one (kidding).  Great to hear from.  Think it would be a
> > great idea to do a forum.  My preference would be to bring all of Enron's
> > resources (other than cash) to the effort.  But we can talk.  Be happy to
> > get involved.  Like to do it sooner rather than later given the atmo
> (Davis
> > has appointed Commissioners Lenin and Trotsky to the California PUC).
> >
> > You would be THE perfect person for that job, and think you should take
> it.
> > Let's talk more.
> >
> > Best,
> > Jeff
> >
> >
> >
> >
> > gramlr@pjm.com on 08/04/2000 08:06:39 AM
> >
> > To:   jeff.dasovich@enron.com
> > cc:
> > Subject:  GSPP on the forefront
> >
> >
> > > Jeff,
> > > How are you?  Wild prices and politics out there I gather.  I have a
> > > question/proposal for you.  A major goal that is shared by the GSPP
> > alumni
> > > board
> > > and the school is to host policy forums that attract top academics,
> > policy
> > > makers, and public attention as not only a good public service, but at
> > good PR
> > > for the school and its mission.  Since electricity deregulation in CA
> is
> > on
> > > the
> > > front page of all major newspapers this summer, the Dean and I are
> > interested
> > > in
> > > putting together an electricity policy forum.  I would need your
> > contacts,
> > > political sense, and perhaps some financial support from Enron to make
> > this
> > > work.  Do you like the idea and would you be willing to help in some of
> > these
> > > ways?  I think it is in the interest of Enron to advance reasoned
> debate
> > with
> > > the backing of the independent/objective GSPP against what is already a
> > major
> > > emotional/political backlash.
> > >
> > > On a totally unrelated issue, I spoke with Tim Belden about a position
> in
> > the
> > > Enron govt affairs group working with the trading desk.  I guess the VP
> > for
> > > the
> > > West, Kaufman, is supposed to call me.  If the job is really to
> > understand and
> > > follow RTO developments and their interaction with energy prices it
> seems
> > a
> > > perfect fit with what I've been doing.  I told Tim I'm happy where I am
> > but
> > > the
> > > opportunity sounds interesting.
> > > Cheers,
> > > Rob
> > >
> > > Rob Gramlich
> > > PJM Market Monitoring Unit
> > > (610) 666-4291
> > > gramlr@pjm.com
> >
> >
> >
>
>
>


I received a call from Ralph Komai, PCB engineer with SoCal, about a pipeline
liquids collection SoCal wants to take at our Needles facility.  Ralph said
that SoCal will be undertaking a study on their pipeline to determine why the
concentration and liquids volume of PCB's has reduced into their system in
the past couple of  years (97-2000). I shared with Ralph and up until this
year, we have not had liquids at the Needles facility since 1994.  He stated
that they have seen reduced concentrations and are curious as to why this
trend is occurring (sounds like good news to me).  He said that their data
shows the following:

 1998 liquids concentrations  only 1% regulated at the federal level

 1999 liquids concentrations only 8% regulated at the federal level

Ralph has requested that SoCal be allowed to collect a  liquids sample at the
Needles M/S and I have contacted the Needles team about assisting SoCal with
the collection.

I would expect that this may have implications with respect to slight
increased billing for analytical charges that SoCal will be charging us for
and we reveiw on a quarterly basis with them.


FYI,
The system is now open and you should have recieved an email regarding
access.  You need to select 5 people to review you.  Please select people
from different groups and I would suggest putting your trader on the list.
Also, please send me a list of accomplishments for this six months.  This
will help me in drafting my review to help represent you in the review
meetings.  If you were not an enron employee on 1/1/2001, you will not be
ranked with other members or your job classification, but you will still
recieve a review.  Please shout with any questions.  Don't forget the
deadlines from the original email.
PL


---------------------- Forwarded by Richard Shapiro/NA/Enron on 01/12/2001
07:20 AM ---------------------------

Alan Comnes@ECT
01/11/2001 09:45 PM
To: richard.shapiro@enron.com, Jeff Dasovich/NA/Enron@Enron,
rosalee.fleming@enron.com, Susan J Mara/NA/Enron@ENRON, Paul
Kaufman/PDX/ECT@ECT
cc: Robert Badeer/HOU/ECT@ECT, Kristian J Lande/HOU/ECT@ECT

Subject: Re: Price Curve Changes

Rich Shapiro requested this chart for Ken Lay.

Thanks for Kristian for doing the heavy lifting.

I have spruced up the chart a bit and turned into a Power Point chart.  Open
the .xls file only if you want to modify the source data.

Alan Comnes


I've just been invited to a couple of meetings on Friday PM--the kind of
meetings where the word "invited" is used humorously.  I think I'm still
clear after 4:00 pm Omaha time so could be dialed in after then if it would
be useful.  Sorry to be such a pain inthe ass but getting fired would be a
real inconvenience right now so I'd better post at these meetings.  I'll have
Martha coordinate with you guys.


Attached, in WordPerfect format, are the final transaction documents for
Hawaii II.  The documents have been revised to reflect all comments
received through Friday afternoon and to reflect the new closing date of
Monday, November 20.  The documents are marked against the most recent
version circulated and are identified as follows:

* Closing Checklist (266026)

* Trust Agreement (265272)

* RADA (265275)

* Beneficial Interest Certificate (265276)

* Distribution Agreement (266277)

* Subscription Documents (265278)

* Letter Agmt re: Equity Termination (267979)

* Facility Agmt (265273)

* Ex G1 to Facility Agmt (Swap Confirm) (268099)

* Ex G2 to Facility Agmt (Swap Schedule-Permitted Party) (265279)

* Ex G3 to Facility Agmt (Swap Schedule-Enron) (266279)

* Ex G4 to Facility Agmt (Enron Guaranty) (268951)

* Ex. H to Facility Agmt (Transfer and Auction) (266163)

* Ex. I, Part A to Facility Agmt (Asset LLC Agmt) (266143)

* Ex. I, Part B to Facility Agmt (Transferor LLC Agmt (266137)

* Swap Schedule (269252)

* Termination of Hawaii Facility Agmt (269253)

* Notice of Prepayment (267365)

* Drawdown Request McGarret A (268980)

* Drawdown Request McGarret C (268982)

* Drawdown Request McGarret D (268991)

* Drawdown Request Danno D (267252)

* Omnibus Amendment - McGarret A (266755)

* Omnibus Amendment - McGarret C (266950)

* Omnibus Amendment - McGarret D (267037)

* Omnibus Amendment - Danno B (267271)

* Series Certificate - McGarret A (268572)

* Series Certificate - McGarret C (268675)

* Series Certificate - McGarret D (268676)

* Series Certificate - Danno B (267069)

* Confirmation Letter (268999)

* Direction Letter to Owner Trustee (269030)

* Payment Direction Letter (269105)

* Receipt of Trust (267321)

* Receipt of Agent (267366)

Muriel C. McFarling
Andrews & Kurth L.L.P.
1717 Main Street, Suite 3700
Dallas, TX  75201
(214) 659-4461 (direct line)
(214) 659-4784 (direct fax)

 - 265272.wpd
 - 265273.wpd
 - 265275.wpd
 - 265276.wpd
 - 265277.wpd
 - 265278.wpd
 - 265279.wpd
 - 266026.wpd
 - 266137.wpd
 - 266143.wpd
 - 266163.wpd
 - 266279.wpd
 - 266755.wpd
 - 266950.wpd
 - 267037.wpd
 - 267069.wpd
 - 267252.wpd
 - 267271.wpd
 - 267321.wpd
 - 267365.wpd
 - 267366.wpd
 - 267979.wpd
 - 268099.wpd
 - 268572.wpd
 - 268675.wpd
 - 268676.wpd
 - 268951.wpd
 - 268980.wpd
 - 268982.wpd
 - 268991.wpd
 - 268999.wpd
 - 269030.wpd
 - 269105.wpd
 - 269252.wpd
 - 269253.wpd


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/14/2000 09:19
AM ---------------------------

"Timothy Oxley" <TOxley@winston.com> on 12/14/2000 09:18:28 AM
To: <Kay.Mann@enron.com>
cc: <robtaylor@andrews-kurth.com>

Subject: Re: GE Release

I have never seen the language requested before and have not signed off on
it.  Rob Taylor and I only discussed the concept because I had never seen a
draft of the Consent until a signed copy was delivered to me yesterday.

>>> <Kay.Mann@enron.com> 12/14/00 08:47AM >>>

This language is different that what GE was told was requested before.  I
am more comfortable going back to GE with what was requested previously.

Kay

"Timothy Oxley" <TOxley@winston.com> on 12/13/2000 08:38:52 PM

To:   <Kay.mann@enron.com>
cc:   <robtaylor@andrews-kurth.com>

Subject:  GE Release

Pursuant to the request of Rose Engeldorf, the following is the
suggested language for insertion into the GE Consent:

"Each of GE Packaged Power and GE acknowledge that WestLB is a third
party beneficiary of this Consent and shall be entitled to enforce its
provisions against GE Packaged Power and GE, respectively, as if a
party to this Consent."


Please accept this invitation to the VAR Brown Bag Session, facilitated by Frank Hayden.  Attendance is mandatory and lunch will be provided.

Accepting this invitation, will allow the VAR Brown Bag Session to automatically populate on your individual schedules.

Thank you


Kathleen Corcoran
2063 Stinson Lake Road
Rumney, NH 03266
kathleen_corcoran@holderness.org

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Kathleen Corcoran


----> Circle of Friends and The Three Penguins! from Send4fun!

A Bear Hug
http://www.send4fun.com/abearhug.htm

A Bear Hug

Visit CoolSavings and Save big with Grocery Coupons, Store Coupons, Online Coupons and FREE STUFF!  Did we mention it's FREE?  Click here!
http://www.flowgo.com/page.cfm?a=10480
AOL Link

Eyes for You
http://www.send4fun.com/eyesforyou.htm

Eyes for You

Circle of Friends
http://www.send4fun.com/circle.htm

Circle of Friends

Harry Potter 3 Poster Set. Only $9.95. Click here for details.
http://www.flowgo.com/page.cfm?a=10481
AOL Link

The Three Penguins
http://www.send4fun.com/3penguins.htm

The Three Penguins

You Amaze Me!
http://www.send4fun.com/amaze.htm

You Amaze Me!

USA Gold Credit Card-- Guaranteed Instant Online Approval! $5000 unsecured gold credit line, no credit checks, no employment verifications... and more!
http://www.flowgo.com/page.cfm?a=10482
AOL Link

Have a Great Day!'
----------

Send 4 Fun is a FlowGo newsletter.  For more information on FlowGo or to unsubscribe from Send 4 Fun follow the links below:

FlowGo
http://www.flowgo.com/

Privacy Policy
http://flowgo.com/privacy.html

Unsubscribe

http://www.flowgo.com/unsub.cfm?sid=2746140&u=-10333&l=13&m=11499

Unsubscribe


We just received the proposed Confidentiality Agreement for the Reliant asset
disposition to be handled by Merrill Lynch.
The package will include Reliant Gas Transmission (used to be the NorAm
system), the gathering facilities upstream of
RGT, Mississippi River Transmission, Minnegasco, and the Ark-La LDC assets
(does NOT include Entex).  No details
yet on transaction timing, preferred bid structure, etc.  however, I believe
that bids for all, or any part of the package are OK.

Legal is now reviewing the CA.  The Information Packets will be forwarded to
us as soon as it is signed.

More to follow.

JNG


PAC NW 503-813-5389
PAC SW 503-813-5374
Old number get busy tones
Enjoy
Leaf


The PowerMarketers.com POWER REPORT
The PowerMarketers.com POWER REPORT
Today's Energy Headlines From PowerMarketers.com
The Industry's Preferred Source For Breaking Energy News And Information
http://www.powermarketers.com

"The PowerMarketers.com Power Report is in html format. ?For those who can't
read html, you can still get the text version (or both text and html for that
matter). Just go to: http://www.retailenergy.com/headsel.htm"

Subscriptions to The PowerMarketers.com Power Report are free - you will
never be charged.
You may redistribute this e-mail without change. You may not redistribute
stories.

To register for a free subscription, point your browser to:
http://www.retailenergy.com/pma/dprreg.htm

------Advertisement------

Now Available: ?RDI/FT's 40" x 70" North American System Maps

Electric Power System Map

and

Natural Gas System Map

The industry standard maps. An essential reference.

Both maps available in wall size (40" x 70") or Executive sets $495 each.
$100 discount when ordering both gas and electric maps.

Download brochure at:

http://www.pmaconference.com/powermaps.pdf

?

------Advertisement------

PA Consulting Group's Energy Risk Management Training - Houston, TX

Competitive Energy Markets
June 11-29, 2001

NYMEX/PJM/Trading Floors Field Trip (Optional)
July 2-6, 2001

Fundamentals of Risk and Portfolio Management
July 9-27, 2001

Download brochure at:

http://www.paconsulting.com/energytrain

------Advertisement------

University of Missouri Seeks To Buy/Sell Power

-- Buy approx 50,000 MWH interruptible non-summer

--Sell up to 15 MW from surpluses

-- Deadline May 4

Download RFP at: http://www.pmaconference.com/MURFP.pdf

?TOP STORIES
CALIFORNIA LAWMAKERS SEEK TO REDUCE NATURAL GAS PRICES

California lawmakers on Monday introduced measures intended to lower the
price of natural gas, which is 10 times higher than in other states of the
U.S.

CALIFORNIA UTILITY COMPANIES OFFER INCENTIVES TO TRIM ELECTRICITY USAGE

Private utilities, public utilities and even the manager of the state's power
grid are waving millions of dollars in incentives in front of California
businesses to induce them to slash their electric loads in a pinch this
summer.

FEDS WANT SURCHARGE TO PAY UTILITIES' DEBTS/THE PLAN: ADDITIONAL RATE BOOST
LIKELY, CASH WOULD GO TO POWER SUPPLIERS

Federal energy regulators have proposed a surcharge on wholesale electricity
sales in California to compensate generating companies, angering state
officials who say the idea amounts to gouging consumers.

RESURGING COAL MARKET SPURS RENEWED DEVELOPMENT PROJECTS

Despite the fact that it currently produces more than half the electricity in
the U.S., over the past two decades coal has remained a slumbering energy
giant in terms of new capacity.

CONSTRUCTION TO BEGIN ON WATER INTAKE SYSTEM FOR FUTURE POWER PLANT OF SOUTH
HAVEN CONSUMERS

PG&E Corporation's National Energy Group announced plans today to build a
water intake system for its proposed Covert Generation Project, a
1,000-megawatt power station to be located near the City of South Haven,
Mich.

EnergyJobs Weekly (current issue) can be downloaded at: ??
http://www.pmaconference.com/EnergyJobs.pdf

Merchant Power Monthly (current issue) can be downloaded at: ?
http://www.pmaconference.com/mpm.pdf

Dow Jones News, Preferred by the Pros

DOW JONES NEWSWIRES- Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

CORRECT:Idaho Power Indus Class Rates To Rise 42%,Not 28%

CORRECT: Peoples Gas Light & Coke Aa2 Sr Sec On Review

PRESS RELEASE: Peoples Energy, Units On Moody's Review-Dn

North Shore Gas Aa2 Sr Sec On Moody's Review-Down

DJ: Peoples Gas Light & Coke Aa2 Sr Sec On Review

Peoples Energy A2 Sr Unsec On Moody's Review-Downgrade

PRESS RELEASE: Portland General Elec Put On S&P Watch-Dev

Portland General Electric Put On S&P Watch-Developing

Kansas City Power/Chmn -2: Replaces Jennings, Who Retires

PRESS RELEASE: Exelon Generation Rated A- By S&P Stable

Kansas City Power Names Bernard Beaudoin Chmn >KLT

REPEAT:US Midwest Pwr Prices Slide On Lower Temps, Demand

Exelon Eyes Nov Board Decision On New Nuclear Plants>EXC

Deutsche Telekom, VoiceStream Deal Clears US Govt Review

US Midwest Power Prices Slide On Lower Temps, Demand

DTE Energy/Fincl Chief -2: Meador To Replace Garberding

DTE Energy Names David Meador Financial Chief >DTE

Orion Power Earnings -3: Street 2Q View Net 19c/Shr >ORN

US Northeast Pwr Prices Soar On Hot Weather, Heavy Loads

Montana Power Earnings -2: 1Q Fincl Table, Comment >MTP

REPEAT&CORRECT: Scottish Pwr FY Income Seen Down On US

N.J. Water Main Break Disprupts Service, Disrupts Schools

NRC:FP&L 839-MW St Lucie 1 Holds At 30% Pwr For Tests

PRESS RELEASE: Exelon Generating Rated A- By S&P Stable

Exelon Generating Rated A- By S&P Outlook Stable

Orion Power Earnings -2: 1Q Financial Table >ORN

Orion Power Sees 3Q Net At 65c-67c/Diluted Shr >ORN

Orion Power Sees 2Q Net At 17c-19c/Diluted Shr >ORN

Orion Power On Track For $1.15/Diluted Shr Year Net Views

Orion Power Hldgs 1Q Net 15c/Diluted Shr Vs 22c >ORN

Scottish Pwr FY Income Seen Down On US

US Weather: Thunderstorms In Midwest; Snow In West

Montana Power 1Q Net 58c A Shr Vs 29c >MTP

Powergen/Trading Update -2: E.On Deal Good For Holders

Powergen: Well Placed For Growth In The UK And US >PWG

Powergen Performing In Line With Expectations This Year

PRESS RELEASE:Swift Energy In 10-Yr Gas Pact With NZ Co.

?NATIONAL - Access stories online at:
http://www.powermarketers.com/pma-nat.htm

Dems Oppose Calif. Energy Plan

Solectria Selects Maxwell Technologies' Ultracapacitors to Enhance Energy
Storage And Power Delivery in Hybrid Electric VehiclesStrategic Development
And Supply Agreement Initially Targets Drive Systems for Buses And Trucks

Praises Sung for New Power Plant ; Coal-Fired Facility Is First Allowed in 20
Years

Peabody Energy Corp (P&L Coal Holdings Corp) Increased Its Price from $18-$22
to $22-$24 And Decreased Its Number of Shares from 20,000,000 to 15,000,000.

Wisconsin Electric: Doing Its Part to Mitigate Mercury; Utility Urges Public
to Be Informed on The Issue

United American Energy Corp. Increases Interest in American Ref-Fuel Company
to 50%Fox Paine Increases Interest in Uae to 58% in Connection with American
Ref-Fuel Transaction

Resurging Coal Market Spurs Renewed Development Projects

Compressed Air Energy Storage Adapts Proven Technology to Address Market
Opportunities

Preventing Lightning Strikes Saves Power Plant $100,000/Year

Specialty Chemicals Attempt to Weather Fourth Energy Crisis

Duke Energy Field Services Affiliate to Acquire Propane Wholesaler in
Northeast

Top Energy Summaries - Tuesday, May 01, 2001 - 2:08 PM

Natural Gas Usage And Rates Expected to Drop in May

$4.5 Mil. Renewable Energy Initiative Launched in Minneapolis; 'Wind on The
Wires' Will Boost Economic Development in Rural Minnesota'Wind on The Wires'
Will Help Build The 'Road to Market' for Wind Energy, A New Cash Crop

Capacity Controls Can Save Energy--And Money

Some Californians Miss Closed Nuclear Power Plant

Natural Gas Injection AIDS Combustion of Low-Value Fuels

Solectria Selects Maxwell Technologies' Ultracapacitors to Enhance Energy
Storage And Power Delivery in Hybrid Electric Vehicles

Vp Warns of Energy Crisis, Previews Changes

Usource And Cbia Service Corp. Offer Energy Solutions

Calif. Power Supplier Settles Suit

The Washington Post: Bush Energy Plan Will Emphasize Production

California Lawmakers Seek to Reduce Natural Gas Prices

United American Energy Corp. Increases Interest in American Ref-Fuel Company
to 50%

Enerwise Global Technologies Formed to Provide Energy Intelligence Solutions
for CorporationsCompany Provides Information on Consistency, Quality And Use
of Energy

Duke Energy Corp - Duke Energy Gas Announces Open Season for New Natural Gas
Supply - And Transportation Option for Alabama And Georgia

$4.5 Mil. Renewable Energy Initiative Launched in Minneapolis; 'Wind on The
Wires' Will Boost Economic Development in Rural Minnesota

Great River Energy's Pleasant Valley Station Officially Begins Operation

Wind Becomes Increasingly Cost Competitive

Construction to Begin on Water Intake System for Future Power Plant And City
of South Haven Consumers

Duke Energy Gas Transmission Announces Open Season for New Natural Gas Supply
And Transportation Option for Alabama And Georgia

Utilities Claim Ample Power at Steady Prices This Summer

Electric Fuel Announces Electric Bus Test Drive Program to Commence in May;
First Test Drives in New York, Followed by on-Road Drives in Nevada

Synergy Technologies Corp - Fuel Cell Update

National Water & Power to Present at California Venture Forum

High-Point Rendel And Sure Power Corporation Select Autotask for Project
Collaboration on Next-Generation Power SystemsProject to Bridge International
Boundaries And Speed Development Cycles

Energy Company Chancellor Group, Inc. Announces Initial $100,000 Equity
Funding from Saudi Arabian Investor

Urs Announces New Contracts with Potential Revenues of $225 Million; Wins
Major Energy, Transportation, And Water Resources Projects

Legislators Propose Tax on Energy Profits

$18 Billion Power Tab Projected: An Immediate Outcry Greets Davis' Plan for
State Energy Purchases Through June 2002.

Power Utility Information Database Surpasses 2,800 Worldwide Sites for
Industry Personnel

El Paso Announces Pipeline Expansion Project to Supply Natural Gas to The
Southeast Markets

Warning of A Summer Power 'Armageddon' / Davis Aide Paints Dire Scenario in
Push for Bonds to Buy Power

Feds Want Surcharge to Pay Utilities' Debts / the Plan: Additional Rate Boost
Likely, Cash Would Go to Power Suppliers

Second Try for Tax Cut in Oakland / Smaller Utility Levy Likely After Brown
Veto

Plugging Into Power Trains Using Locomotives to Generate Electricity? He
Thinks His Device Is on The Right Track

Cambridge Energy Corporation Announces Implementation of Hedging Program

Cheney Pushes for Energy Development

Scottishpower in Talks to Buy Portland Utility

Trinity Energy Resources Inc - Closes First Phase of $1,002,000 Acquisition

Atco Group of Companies - Moves to Boost Retail Energy Competition

?INTERNATIONAL - Access stories online at:
http://www.powermarketers.com/pma-intr.htm

Trader M'bishi Expands Power Retail Biz to Chubu Region

Swift Energy Announces 10-Year Gas Contract in New Zealand

Talisman Energy Must Do More to Protect Human Rights

Sixth Power Unit of Zaporizhia Npp Taken Off Stream for Overhaul

Mexico: Cfe Looks to Import Natural Gas

Experts: Refineries Key to Power Crisis

Spire Corporation Ships Automated Module Assembly Equipment to Siemens Solar

Top Energy Summaries - Tuesday, May 01, 2001 - 12:24 PM

Cambridge Energy Corp - Implementation of Hedging Program

Top Energy Summaries - Tuesday, May 01, 2001 - 9:24 Am

UK Government: Advance Energy Statistics

Turkmen and Ukrainian presidents plan to sign gas energy deal: report

Top Energy Summaries - Tuesday, May 01, 2001 - 7:36 Am

Open Cut Coal Mine Approved for Australia's Hunter Valley

Points of View: More Needs Done on Energy Costs

348-million-dollar loan to be signed for Omani power project

Germany's Tesag Interested in Building Power Plant in Indonesia

Egco Set to Sell 70% Stake in Indonesian Coal Mine

Lawyers to Appear Before Icsid on Power Tariff Dispute

?KRT - Access stories online at: http://www.powermarketers.com/pma-krt.htm

?

Former Tennessee Energy Agency Official Criticizes Bush Energy Plan

Price-Gouging Charge Enrages Oregon-Based Federal Power Marketer

California Utility Companies Offer Incentives to Trim Electricity Usage

The Press-Enterprise, Riverside, Calif., Andy Mccue Column

Philadelphia-Owned Natural Gas Provider Plans to Lower Rates

Power Plant Provided Big, But Brief, Economic Boom for Virginia County

Power Plant Provided Big, Brief Boom for Halifax County, VA.

Norfolk, VA.-Based Utility Accused of Poor Service

Daily Press, Newport News, VA., Business Briefs Column

Spinoff of Houston-Based Energy Firm to Begin Trading on Stock Exchange

Bush Energy Budget Boosts Fossil Fuels, Cuts Renewables

Power Transmission Company Will Operate in York County, S.C.

Power Grid Company Picks Fort Mill, S.C., for Headquarters

Missouri Senator Intervenes in Nuclear Waste Rift

Error Leaves Martinez, Calif., Woman with $9,700 in Natural Gas Bills

Syracuse, N.Y.-Based Power Company Proposes Rate Hike If Merger Falters

Stock in New York-Based Plug Power Rises Despite Losses

?REUTERS - Access stories online at:
http://news.powermarketers.com/news/articles/ElectricPower.html

ONEOK earnings up 39 pct, boosted by acquisitions

Enron says no plans to sell Dabhol stake

California enlists pool owners in power struggle

Fortis earnings up despite New Brunswick outage

Peabody Energy lowers IPO shares, raises price range

SoCal Edison makes payments,still fears bankruptcy

Idaho Power electricity rate hike approved

UPDATE 1-Democrats blast FERC, bill on Calif. power

FERC commissioners spar over Calif. order

U.S. commercial paper issuers to come under increased scrutiny

Democrats blast FERC, bill on Calif. power woes

UPDATE 2-Emerson Electric net earnings rise slightly

Newmont gets temporary relief from rising power costs

UPDATE 1-Orion Power income jumps, but stock slips

TEXT-S&P revises Portland General Electric outlook

UPDATE 4-Brit Energy shares dip on Scot nuclear price spat

TEXT-S&P cuts ISG Resources' senior secured debt

Trinidad LNG reaps rewards of U.S. gas shortfall

Kansas City Power names Bernard Beaudoin chairman

UPDATE 1-Montana Power net earnings up 98 pct

DTE names Meador to succeed Garberding as CFO

DQE shares hit 6-year low after earnings report

N.M. San Juan 498-MW Unit 4 returns to service

TEXT-S&P rates Exelon Generating Co. A-minus

Reliant Resources jumps in debut

Dutch utility EPON changes name to Electrabel

Orion Power 1st qtr net rises 82 percent

UPDATE 1-Emerson Electric net earnings rise slightly

TABLE-Wisconsin Energy Q1 oper revs rise

TABLE-Montana Power Q1 results

Wisconsin Energy Q1 rises, aided by cold weather

HEADLINE STOCKS - U.S. stocks to watch on May 1

Powergen sees accelerated growth from E.ON merger

UtiliCorp Q1 profits rise on energy sales

INTERVIEW-Sinha says Enron India row overdone-RPT

Mining firms lobbying task force to ease clean-air rules - WSJ

Indian state to renegotiate Enron project-paper

Enron buys Huntco's steel ops, makes supply deal

NEW on the PowerMarketers.com TRAINING PAGE:
Access all online presentations at: http://www.pmaconference.com

The presentations below are from PMA's Power Markets 2001, taped at the
Aladdin Hotel, Las Vegas, March 15-16, 2001.

RealVideo-based powerpoint-based presentations, with the accompanying audio.
Running about 30 minutes each, selections include:

California: What's In Store
Randy Abernathy, California ISO
http://pmaconference.com:8080/ramgen/2california.rm

Texas: The BIG Retail Market
John O'Brien, Skipping Stone
http://pmaconference.com:8080/ramgen/2texas.rm

Weather: The Everyday Crisis
Lynda Clemmons, Element Re
http://pmaconference.com:8080/ramgen/2weather.rm

The Risk of Managing Risk
Robert Jacobs, Derigen Consulting
http://pmaconference.com:8080/ramgen/2volatility.rm

Making the Most of Transmission
Bill Townsend, Friedwire
http://pmaconference.com:8080/ramgen/2transmission.rm

Realtime Pricing Solutions
Tony Banks, Optiron
http://pmaconference.com:8080/ramgen/2rtp.rm

Don't forget you can choose to stream the presentation immediately over the
web, or download it to your computer for later viewing-- Free! Access all
online presentations in streaming or downloadable format at:
http://www.pmaconference.com

Access all online presentations at: http://www.pmaconference.com

The PowerMarketers.com ENERGYYELLOWPAGES

http://www.energyyellowpages.net

Where to go when you're looking for:
Billing Systems, Brokers, Call Centers, Coal Marketers, Computers &
Networks, Conference Houses, Energy Management, Engineering Services,
Environmental Services, Exchanges & Clearing Houses, Executive Search
Services, Financial Services, Gas Marketers, Information Services, Internet
Services, Legal Services, Management Consulting , Marketing, Meters, Power
Marketers, Powerplant Development, Powerplant Equipment, Risk Management,
Sales, Software, Trade Associations, Training, Weather Services and more!

Check it out today! http://www.energyyellowpages.net/

OTHER NEWS & INFORMATION FEATURES ON POWERMARKETERS.COM:

PRICEWATERHOUSECOOPERS NEXT-DAY POWERTRAX ELECTRIC PRICE INDEX:
Access online at: http://www.powermarketers.com/p-trax.htm

ELECTRICITY SPOT PRICES:
Access online at: http://www.dtnergy.com/pma/spot.cfm

ELECTRICITY FUTURES PRICES:
Access online at: http://www.dtnergy.com/pma/electric.cfm

NATURAL GAS FUTURES PRICES:
Access online at: http://www.dtnergy.com/pma/gas.cfm

THE PowerMarketers.com JobSite:
Access online at: http://www.powermarketers.com/pmajobs.htm A daily visit to
"The PMA Jobs Site" at http://www.powermarketers.com/pmajobs.htm connects you
to a wealth of power industry opportunities that could supercharge your
career!

PMA ONLINE MAGAZINE: Access online at: http://www.retailenergy.com/pmamag.htm

News releases may be submitted to The PowerMarketers.com Power Report via
e-mail to news@powermarketers.com

Copyright 2000 by PowerMarketers.com: http://www.powermarketers.com/

The PowerMarketers.com POWER REPORT is a complimentary service of The Power
Marketing Association. Headlines are copyrighted by their respective
services: Dow Jones, Reuters, Knight-Ridder, and others.

Subscriptions to The PowerMarketers.com POWER REPORT are free - you will
never be charged. You may redistribute this e-mail without change. You may
not redistribute stories. To register for a free subscription, point your
browser to: http://www.retailenergy.com/pma/dprreg.htm

TO UNSUBSCRIBE OR CHANGE your subscription, point your browser to "The
PowerMarketers.com POWER REPORT" subscription services form at
http://www.retailenergy.com/pma/dprreg.htm?

To unsubscribe from this service via e-mail, send a message to
pma@powermarketers.com


Joshua_Sheinkman@wyden.senate.gov (Joshua Sheinkman)
	05/03/2001 12:19 PM

		 To: tom.briggs@enron.com
		 cc:
		 Subject: Fwd:Revised electricity information bill

Tom,

I'm not sure all the changes you were looking for are included but this new
draft looks better to me.  Please let me know what you think.  Thanks.

- Joshua

____________________Forward Header_____________________
Subject:    Attached bill
Author: Amy Gaynor
Date:       05/03/2001 12:04 PM

Joshua,
    Please call (or email) me with any questions.  Thanks.
Amy

 - AEG01_125.pdf