Time is not on the side of SoCal right now.  Sources suggest they need some form of MOU to pass at least one chamber of the California legislature in order to show at least a  little momentum to creditors.  The legislature appears commited to closing the session for a one month recess on Thursday night and is currently sorting through three bailout plans and the state budget.  Senate Republicans appear to remain opposed to all three bailout plans, meaning that at best, any bailout plan would pass on a non-emergency basis with a 90 day delay for implementation.

Call if you have questions.

RJ x39934

1.	AB82xx and AB83xx--Dueling Bailouts

Expect another lively day in California.  Two bills will be heard in committee at 10am Sacramento time--AB82xx and AB83xx.  AB82xx we tipped you about on Friday--the 80 page "tough medicine" bill for SoCal sponsored by Speaker Hertzberg.  AB83xx is sponsored by Rod Wright, Chairman of the Utility committee and a moderate Republican Keith Richman.  AB83xx is much more generous to SoCal and indeed Wright calls it a "straight bailout with nothing hidden."

2.	Budget Bill and Imminent Legislative Recess Could Sidetrack Both Bills
On top of this dynamic is the Budget Bill and the State Senate. According to my contacts, Senator Burton, the Senate President, is hoping to keep the published schedule and adjourn for a month's recess on Thursday evening. Speaker Hertzberg is reportedly not thrilled with leaving until the Edison issue is resolved. But talk is that once they recess, whether on Thursday or not, they plan to adjourn the Second Extraordinary session, meaning all xx bills passed and signed will go into effect in 90 days, and all others will be dead.
As for the Budget, it is unlikely that Sen. Burton will recess the Senate on Thursday unless the Senate passes the budget that the Assembly passed last night. However a key Democrat, Sen. Sheila Kuehl, is in Italy and she has a 16 hour flight to return. No one knows if she has been told to return yet. Her vote is crucial to passage of the Budget, though, and she will be needed if they take that bill up tomorrow or Thursday.
3.	A Third MOU Proposal?
Also, the Sen. Byron Sher proposal for Edison has still not been seen in print, but most people expect it to appear tomorrow, so the Senate can vote on it tomorrow or Thursday. It is likely to receive a waiver to hold an impromptu Senate Energy Committee hearing off the Floor on the , since no Energy committee hearing has been scheduled. This is the proposal that Sen. Burton has said he favors and is seen as the least like a bailout of any current proposals.
4.	"Price Manipulation" Committee to Meet Today
The one Senate committee that is scheduled to meet tomorrow is the Senate Select Committee to Investigate Price Manipulation of the Wholesale Energy Market - at 9:30 AM -- which is scheduled to review compliance with subpoenas for Duke, Reliant, AES, NRG and Williams. (Interestingly, the hearing notice does not mention Enron, which the committee charged with contempt.)


This request has been pending your approval for  61 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000057285&Page=Approval to review and act upon this request.

Request ID          : 000000000057285
Request Create Date : 8/30/01 5:59:30 PM
Requested For       : erik.simpson@enron.com
Resource Name       : Market Data Kobra NatGas
Resource Type       : Applications


Hey Julie,

I just wanted to check up on you and see how the trip to New York went.  Las Vegas was way too much fun...so much so it's quite possible I did permanent damage.  I managed to stay in town this weekend though and catch up on some much needed sleep and organizing.  Hope everything's good with you and I'll talk to you soon.

Susan


Pamela Blazick
809 N. 26th St
Philadelphia, PA 19130
pamela.blazick@isinet.com

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.

You netted over a $100 million while 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 collapse.

Sincerely,

Pamela Blazick


Please note my new location.

Thanks,
Robin
x57478


The attached file contains our daily volume requirements for  4/10/00  and
the
following day(s) as listed .    There are three  worksheets labelled as
follows:

'Total Reqs':  Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point.   The AGL volumes are not timely and should be ignored until
further notice.    CES schedulers note:  the attached file is archived on
P:\Energy Ops\Enron\April_00\Daily\ *.xls, so you don't have to save a
duplicate copy elsewhere on the network.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'TCO Storage':  Shows the daily swings taken by CES on its (paper) storage
injection for the month.    Daily swings on TCO storage may be used to meet
some or all of the daily swings at delivery points off TCO as shown in the
"Daily Change' worksheet.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 04-10-00 daily volsAM.xls


Hello Everyone,

This is in reference to this years Bocktoberfest in  Shiner another weekend getaway.
(Like I need another  one)

October 12,13 & 14th

Below is a list of performers for this years  event.

We are again going to rent an RV to drive to  Shiner again this year and wanted to know who would all like to join  us.  We will be leaving in the RV on Friday afternoon/evening and be  driving down to Moulton (or maybe somewhere else) to eat, drink and be merry  there on Friday evening.  Then we will go to my Grandmother's house (she  doesn't live there any longer) to spend the night.  At the current time we  are planning on renting one RV.  The RV will sleep 8 people and  the house sleeps 8 people.  There has been talk/interest in maybe renting a  second RV.  Also for anyone not able to come down on Friday they can meet  us on Saturday and stay over with us on Saturday night again at my Grandmother's  and in the RV.  There are no close hotels in the area and the few there are  have already been booked.  We have made this trip twice in the past and  both times it has been very enjoyable.  We are able to park the RV across  the road from the festival and this has made it nice for everyone to just hang  out and enjoy the music from there or go into the festival and still have a home  base to come back to.  Anyway those of you who have attended in the past  you know the routine and the new people, I say welcome.  Please don't  spread the word to far about the trip because we definitely don't have room for  everyone. There
are a few more people invited than just the ones on  the above list.  Significant others are invited.

And now you ask the price for all this fun and  excitement?

If wanting to participate in the RV ride-down and  keg beer on board along with some snacks the price is a cool $85 maybe  $90 a person for the entire weekend.  That is with 8 people coming  along for the ride.  If just coming down on Saturday and partying, hanging  out and spending the night the price is whatever you want to pitch on how  much snacks and beer you feel you consumed or just bring your own.  The RV  trip is the most fun.  I have experience. I know.  We may get two RV's  if enough interest.  In years past I have been able to come up with free  tickets.  This year may not be so easy.  Concert tickets are around  $20 apiece.  Beers inside are $3.00.  That is why we like having our  own party it is a little cheaper on the other side of the fence.  We will  also cook Fajita's or something simple in the afternoon.  Any questions let  me know.

We would like to know something by the end of this  week or first of next at the latest.

Scott T.

                             Bocktoberfest 2001

12:00PM (NOON)       GATES  OPEN
12:15PM - 12:40PM    Battle of the Bands  winner
12:55PM -  1:35PM        BILL  PEKAR
1:55PM -  2:40PM        ROGER  CREAGER
3:00PM -  3:45PM        COODER  GRAW
4:15PM -  5:15PM        JACK  INGRAM
5:45PM - 7:00PM     THE REVEREND  HORTON HEAT
7:30PM -  8:45PM        JOE ELY
9:15PM - 10:30PM    JERRY JEFF  WALKER
10:30PM - 10:50PM     FIREWORKS

 - bock2001.gif


---------------------- Forwarded by Chris H Foster/HOU/ECT on 12/12/2000
03:25 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Hart, Dana" <DHart@SDGE.com>                           12/08/2000
03:22 PM

To: "'jpmarchand@aep.com'" <jpmarchand@aep.com>, "'jim_staggs@apses.com'"
<jim_staggs@apses.com>, "'bob_anderson@apses.com'" <bob_anderson@apses.com>,
"'david_metz@apsc.com'" <david_metz@apsc.com>, "'jivey@utilicorp.com'"
<jivey@utilicorp.com>, "'dcazalet@apx.com'" <dcazalet@apx.com>,
"'Lhamilton@avistaenergy.com'" <Lhamilton@avistaenergy.com>,
"'biggsbg@bp.com'" <biggsbg@bp.com>, "'peterc@calpine.com'"
<peterc@calpine.com>, "'billr@calpine.com'" <billr@calpine.com>,
"'hreed@powersrc.com'" <hreed@powersrc.com>, "'tchoi@powersrc.com'"
<tchoi@powersrc.com>, "'bbowman@coral-energy.com'"
<bbowman@coral-energy.com>, "'dpenney@coral-energy.com'"
<dpenney@coral-energy.com>, "'rproush@duke-energy.com'"
<rproush@duke-energy.com>, "'sbvanleer@duke-energy.com'"
<sbvanleer@duke-energy.com>, "'njwa@dynegy.com'" <njwa@dynegy.com>,
"'Mike.J.McElroy@dynegy.com'" <Mike.J.McElroy@dynegy.com>,
"'electrotherm@msn.com'" <electrotherm@msn.com>, "'szablyal@epenergy.com'"
<szablyal@epenergy.com>, "'priced@epenergy.com'" <priced@epenergy.com>,
"'dparque@ect.enron.com'" <dparque@ect.enron.com>, "'cfoster@enron.com'"
<cfoster@enron.com>, "'shapp@caiso.com'" <shapp@caiso.com>,
"'antrichd@kochind.com'" <antrichd@kochind.com>, "'medwar@ladwp.com'"
<medwar@ladwp.com>, "'jackmcnamara.geothermal@att.net'"
<jackmcnamara.geothermal@att.net>, "'dgordon@exchange.ml.com'"
<dgordon@exchange.ml.com>, "'rshimizu@mieco.com'" <rshimizu@mieco.com>,
"'kamal.hamdan@msdw.com'" <kamal.hamdan@msdw.com>, "'gkosier@newenergy.com'"
<gkosier@newenergy.com>, "'dirk.andreas@nrgenergy.com'"
<dirk.andreas@nrgenergy.com>, "'jon.fischer@pacificorp.com'"
<jon.fischer@pacificorp.com>, "'marc.bommersbach@neg.pge.com'"
<marc.bommersbach@neg.pge.com>, "'stacey.kusters@powerex.com'"
<stacey.kusters@powerex.com>, "'lbryant@pnm.com'" <lbryant@pnm.com>,
"'john_h_stout@reliantenergy.com'" <john_h_stout@reliantenergy.com>,
"'Kristen_L_Sullivan@reliantenergy.com'"
<Kristen_L_Sullivan@reliantenergy.com>,
"'marvin_k_ballard@reliantenergy.com'" <marvin_k_ballard@reliantenergy.com>,
"'pscarpelli@retx.com'" <pscarpelli@retx.com>,
"'emaddox@seawestwindpower.com'" <emaddox@seawestwindpower.com>,
"'gluna@sempra-slns.com'" <gluna@sempra-slns.com>,
"'ccantor@sempratrading.com'" <ccantor@sempratrading.com>,
"'jay.alexander@southernenergy.com'" <jay.alexander@southernenergy.com>,
"'jdcoggin@srpnet.com'" <jdcoggin@srpnet.com>,
"'agalatic@internetconnect.net'" <agalatic@internetconnect.net>,
"'al_figueroa@vflet.com'" <al_figueroa@vflet.com>,
"'samuel.kwong@williams.com'" <samuel.kwong@williams.com>, "'hevrn1@aol.com'"
<hevrn1@aol.com>
cc:
Subject: SDG&E Request for Proposal

San Diego Gas & Electric Company ("SDG&E") hereby issues this request for
proposals ("RFP") for Firm Energy from prospective suppliers to manage the
energy costs of San Diego area consumers. Proposals are due no later than 6am
Pacific Standard Time on Thursday December 14, 2000.

<<RFP120800.doc>> <<Attachment A 12-00 RFP.xls>>

Attached below is the EEI cover sheet, a copy of the EEI Agreement and
SDG&E's Guaranty form which SDG&E intends to use for firm energy procurement
transactions.?

<<Letter to Bidders-1.doc>> <<Master SDGE Cover Sheet for EEI Agmt-RFP-for
discussion with bidders version.doc>> <<Standard Guarantee Form.doc>> <<EEI
Master Contract Mar20001.doc>>

 - RFP120800.doc
 - Attachment A 12-00 RFP.xls
 - Letter to Bidders-1.doc
 - Master SDGE Cover Sheet for EEI Agmt-RFP-for discussion with bidders
version.doc
 - Standard Guarantee Form.doc
 - EEI Master Contract Mar20001.doc


Just so you had the latest matrices; although some of you directly received
these materials.  I anticipate being able to send you a revised draft of the
Purchase and Sale Agreement by next Tuesday morning.  No doubt, everything
will become clear in the next draft - materiality, Subject Companies,
required Authorizations, etc.  I anticipate circulating a full draft of the
Schedules by mid next week.  The plan would be to revise the draft schedules
based on the revised text of the Agreement and your further review of the
respective businesses generally.  We will also need to keep in mind some
sense of conformity as to how each unit is making their respective
disclosures.  The Schedules will not need to win an award for beauty at that
point, but do need to be well organized and make sense.  I encourage each of
the General Counsels to coordinate with Mary Joyce on HR matters, Frank Smith
or Dave Nutt on environmental matters, Cullen Duke on tax matters, Bob
Williams and Chuck Cheek on litigation matters, Rick Shapiro on regulatory
matters, and Jim Bouillion on insurance matters, just to make sure nothing
slips through the cracks.  Timing of course is critical.  The Disclosure
Schedules may become critical path items, and we may all hear that.    I
expect there will be great progress generally next week, and there will be
tremendous pressure to deliver a complete draft of the Schedules to Skadden
soon after the end of next week.  Your comments would likely need to be in by
the end of the week - sorry.  Please be aware that the Business Unit heads,
right before execution of the Agreement, are likely to have to sign-off on
the disclosures under the Agreement.  Truly, thanks for all the help.  Send
money or Disclosure Schedules.  Lance.
----- Forwarded by Lance Schuler-Legal/HOU/ECT on 07/21/2000 05:07 PM -----

	Nicole Alvino
	07/21/2000 12:22 PM

		 To: Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy
Young/SA/Enron@ECT, John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Fred L Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen
Carnahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel
Castagnola/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ricky Lynn
Waddell/SA/Enron@Enron, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ananda
Mukerji/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christopher B
Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph Franz/Corp/Enron@Enron,
lbrasher@skadden.com, bhoghooghi@skadden.com, Sashby@skadden.com
		 cc: Cheryl Lipshutz/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Cullen
Duke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jan Johnson/GPGFIN/Enron@ENRON,
Richard Shapiro/HOU/EES@EES, Lance Schuler-Legal/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Amit Walia/HOU/ECT@ECT, Ceci Torn/Corp/Enron@ENRON,
Patrick Conner/HOU/ECT@ECT, mspradling@velaw.com, jdilg@velaw.com,
wjoor@velaw.com, sbarber@velaw.com, ashouse@velaw.com, ckornreich@velaw.com,
jkamine@velaw.com, bweiland@velaw.com, jamie.welch@csfb.com,
david.munoz@csfb.com, Victor.gonzalez@csfb.com, bradley.aitken@velaw.com
		 Subject: Project Summer Matrices

Attached please find the latest and greatest ABC matrix and Gty, LC, and
affiliate contract matrix.  The information has been updated in red by
comments we have recieved from the EI business units.  The new transfer level
and sever level info came from the A/B/C structure task force.  (Please note
that the A/B transfer level is the same as the sever level unless ptherwise
noted.)  It still needs to be reviewed by both sides.  We are waiting for
final regulatory issues and action items this weekend after a collaborative
effort from both sides.  There are still pieces of info in these matrices
that the deal team needs that are highlighted in blue.  Please fill in TBD to
the extent you can determine and send it back in green.

Please review both matrices and send changes to Nicole Alvino and Bill
Gathmann.

Thanks so much for all your help!


Below is a summary of Enron's activities to support Houston's flood victims.

DONATIONS FOR THE COMMUNITY

Enron was a pacesetter company for the community with its corporate contribution of $500,000 to the American Red Cross.
Employees and contractors have contributed $32,280 to the Houston Flood Relief drive, bringing the total donation to $64,260 with the Enron match.  Donations made for flood relief to local non-profit organizations were not counted toward employees' $15,000 annual matching gift limit.

CONTRIBUTIONS FOR OUR ENRON FAMILY

More than 285 employees and contractors who were devastated by the flooding have each received $1,000 in financial assistance from Enron.
The Chad Garren Memorial Scholarship Fund, established at Texas A&M University in memory of the intern who died as a result of the flooding, has received $12,332 from employees and contractors.  With the employee match, we have raised $25,119.  Donations made to this fund were not counted toward employees' $15,000 annual matching gift limit.
Donations to the employee relief fund, benefiting those Enron employees affected by the flood, are being accepted at the Enron Federal Credit Union.   Currently, the fund has received $1,635.
Global Strategic Sourcing, Travel Agency in the Park and Community Relations joined efforts to provide rental car assistance for those employees who lost cars. A shuttle brought employees to IAH to pick-up priority rental cars.
The Credit Union is offering "Flood Relief Loans" - signature loans (5% fixed APR for 6 months) and auto loans (6.49% fixed APR, 90 day no-payment option).
Auto Exam is offering a $109 water damage vehicle inspection.
The Enron Corp. Savings Plan is offering expedited loan requests via Northern Trust.

ASSISTANCE FOR OUR COMMUNITY

Due to the devastation of Jones Hall, EBS has provided temporary office space in 3AC for the Society for Performing Arts and the Houston Symphony.  It is valued at $30,000 per month.
100 employees donated and packed 1000 lunches for 5th Ward area victims area victims; this was a collaboration with Prudential, an EES client.
65 employees worked with Second Baptist Church to clean up homes in north Houston.
15 employees cleaned up Family Time, a shelter for battered women.
11 employees assisted in the Beal House apartment (elderly complex) clean-up.
Hundreds of employees donated clothing and food at the InfoZone for distribution by the Salvation Army and Neighborhood Centers Inc.
ETS collected donations for Neighborhood Centers, Inc.
Enron Clean Fuels volunteered at the Women Helping Women Shelter.
Enron partnered with MD Anderson to hold a blood drive on-site

COMMUNICATION VEHICLES

All employee e-mails
eTV
home.enron.com/flood - a special website
a flood hotline for employees affected by the flood - ext. 3-7181

Please let me know if you have any questions.  I can be reached at x30565.


I don't agree with either 7 or 8.   The 0.1 LOLP generally results in 20-25% reserve margins which are excessive.   Reserve margin is a meaningless measure in an efficient commodity market because supply and demand adjust to price signals to keep the market in balance.

My view is that ICAP should be eliminated completely and, if utilized, transitional only for a 1-2 year period.   The other alternative is the ISO to have a reliability auction whereby quick-start units contract directly with an ISO for meeting reliability reserve reqs.

 -----Original Message-----
From: 	Hoatson, Tom
Sent:	Wednesday, May 30, 2001 9:48 AM
To:	Aucoin, Berney C.; Decker, Charles; Nicolay, Christi; Baughman, Edward D.; Steffes, James; Scheuer, Janelle; Thompkins, Jason; Ader, Jeff; Meyn, Jim; Quenet, Joe; Presto, Kevin M.; Bernstein, Mark; Davis, Mark Dana; Hamlin, Mason; Politis, Nick; Broderick, Paul J.; Hammond, Pearce; Martinez, Posey; Wheeler, Rob; sscott3@enron.com; Novosel, Sarah; Montovano, Steve
Cc:	Allegretti, Daniel; Fromer, Howard
Subject:	EPSA Draft Paper on Assuring Adequate Capacity in a	Competitive Market

Below is the draft white paper prepared by EPSA as a result of the workshop held on May 15 on assuring adequate capacity (discussed in a previous email from me).  The purpose of the paper is to outline possible EPSA positions on the issues.  EPSA could would like comments on the paper by Monday, June 4 (you could forward them to me and I will pass them on to EPSA).  In summary the paper presents 14 principals for assuring adequate capacity that I believe Enron could support.  Most of the principals discuss a liquid, efficient energy market and robust forward markets are capable of assuring adequate capacity; load needs to see prices and demand needs to respond; barriers to construction of new generation and entry for LSE's need to be eliminated; and any capacity market must be designed to create a level playing field between old and new market entrants.  The most controversial are #7 and #8.

Number 7 states:

"During a limited transition to fully competitive markets, an administratively-determined mandatory reserve requirement can serve to ensure that adequate capacity is available to meet reliability needs within politically acceptable limits of price volatility.  A mandated reserve requirement should be tied to specific reliability criteria for that system, such as the one day in ten years loss of load probability."

Number 8 states:

"Suppliers must be fully compensated for supplying needed reserves.  This can be accomplished through a well-designed Installed Capacity (ICAP) market, a separate capacity market, imbalance trading or call options."

----- Forwarded by Tom Hoatson/NA/Enron on 05/30/2001 09:31 AM -----

	"Jackie Gallagher" <JGallagher@epsa.org> 05/29/2001 03:32 PM 	   To: <acomnes@enron.com>, <bhawkin@enron.com>, <carin.nersesian@enron.com>, <christi.l.nicolay@enron.com>, <donna.fulton@enron.com>, <janelle.scheuer@enron.com>, <jhartso@enron.com>, <john.shelk@enron.com>, <jsteffe@enron.com>, <Linda.J.Noske@enron.com>, <ray.alvarez@enron.com>, <rshapiro@enron.com>, <Sarah.Novosel@enron.com>, <sscott3@enron.com>, <Susan.J.Mara@enron.com>, <tom.hoatson@enron.com>  cc:   Subject: EPSA Draft Paper on Assuring Adequate Capacity in a Competitive Market

MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketing Working Group Chair
            Julie Simon, Vice President of Policy

DATE: May 29, 2001

RE: EPSA Draft Paper on Assuring Adequate Capacity in a
      Competitive Market
      ? Initial Comments Due on Monday, June 4th
      ? Conference Call on Friday, June 8th at 11:00 a.m. (EDT)

On May 15th EPSA held a workshop on assuring adequate capacity in a restructured market.  Following the discussion, EPSA staff offered to draft a short White Paper outlining a possible EPSA position on the issues raised during the discussion.  Attached is the first draft of that paper.

To use our time as efficiently as possible, please forward any written comments on the attached draft to Julie Simon at EPSA (by fax at 202-628-8260 or e-mail to jsimon@epsa.org) by Monday, June 4th.  We will then circulate a revised draft before a conference call on Friday, June 8th at 11:00 a.m. (EDT).  To access the conference call, dial 1-800-937-6563 and ask for the EPSA/Julie Simon call.  If you have any questions or concerns, please contact Julie at 202-628-8200.

Attachment

 - EPSA POSITION STATEMENT ON ASSURING ADEQUATE CAPACITY IN A COMPETITIVE MARKET.doc << File: EPSA POSITION STATEMENT ON ASSURING ADEQUATE CAPACITY IN A COMPETITIVE MARKET.doc >>


Hey,
Wouldn't this fix everything?   What a great idea-  a govenment owned
utility.  Who in their right mind would want to give the money back to
taxpayers?  I think Enron should cast aside its dependency on free markets,
and throw its support behind this well thought out public initiative.  Let us
know how Transwestern can help!

Calif. lawmaker pushes for state energy reserve
California State Sen. Steve Peace called for the state to set aside $2
billion of a projected $10
billion budget surplus to create a reserve account to serve the state,s
energy needs.
A representative at Peace,s office said the senator planned the fund as a
&cushion8 to help
the state bounce back from energy price shocks like those that hit it last
summer.
Peace, speaking Monday at a briefing on the upcoming state budget, suggested
that the
California Legislature set aside $2 billion to use at a later date.  The
funds could be included in
the budget that Gov. Gray Davis is scheduled to announce Jan. 10.
Ostensibly, the government
could use the funds to purchase some of the state,s transmission grid and
generation assets, or
to build new assets.
In his remarks, Peace said some of the $2 billion could be used to build a
500-MW generation
facility, which he estimates at $300 million, a peaker that could be set up
for $16 million,
or a transmission grid such as the $200 million system a California utility
has proposed for the
southern part of the state.
&The use of public dollars to finance development, private-public
partnerships, or to capitalize
publicly owned utilities are all options which California policymakers may
have to consider
if [FERC] is unable to bring wholesale energy markets under control,8 he said.
Still, representatives at the senator,s office stressed that Peace was not
making any policy
decisions in his statement. Rather, a representative said, Peace was acting
in his capacity as
chairman of the Senate Budget and Fiscal Committee and setting aside funds
that can be available
for future use.
Peace,s initiative comes on the heels of a report by the Legislature,s
Legislative Analysis
Office forecasting a $10.3 billion surplus for fiscal years 2000-2002 (a $6.9
billion surplus for
2000-2001 and a $3.4 billion surplus for 2001-2002).


This is a very good, easily digestible summary of the FERC order.  Alan
Zaremberg, CEO of the Chamber and located in Sacramento, asked if we had a
summary that we could provide him.  Zaremberg is convinced that no one in
California understands what FERC did and wanted to try to educate them.  If
we sanitize it to remove anything sensitive, are folks comfortable providing
it to Zaremberg?  Thanks.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 05/10/2001 01:45 PM -----

	Tom Briggs
	05/09/2001 03:30 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: FERC summary


Just got this. She is taking a harder line that Sen Dunn did yesterday. I'll
wait to hear from them on the nonwaiver agreement. I'll find out what
happened at today's meeting of the generators and Sen Dunn

The information contained in this e-mail message and any accompanying
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are hereby notified that any dissemination of this communication is strictly
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Date: Tue, 17 Jul 2001 16:09:56 -0700
From: "Montgomery, Alexandra" <Alexandra.Montgomery@sen.ca.gov>
Subject: confidentiality agreement & document protocol
To: "'MLK@PKNS.com'" <MLK@PKNS.com>
Cc: "Paschal, Ronda" <Ronda.Paschal@sen.ca.gov>, "Drivon, Laurence"
<Laurence.Drivon@sen.ca.gov>, "'ldrivon@drivonandtabak.com'"
<ldrivon@drivonandtabak.com>
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Mike,

Attached are the Select Committee's Confidentiality Agreement and Document
Depository Protocol.  As Senator Dunn reiterated a number of times during
the hearing and meeting with you, the three conditions for compliance are
that Enron sign the attached confidentiality agreement, sign the attached
document depository protocol and deposit into the depository documents
responsive to the Select Committee's priority list of 16 document
categories.  These 3 conditions remain the same.  The Select Committee does
not agree to enter into a "protective order."  The attached confidentiality
agreement is intended to be just that and not "an outline for a proposed
protective order."

The Senator and Larry Drivon will review your proposed nonwaiver agreement
and get back to you on that after they have had a chance to do so.

Should you wish to discuss this further, please feel free to call Larry
Drivon at (916) 445-5831.

Alexandra
(916) 445-5831

 <<DOCUMENT REPOSITORY PROTOCOL GENERIC blank sign.doc>>

 <<Conf Agrmnt _Generic_July 17.doc>>

 - DOCUMENT REPOSITORY PROTOCOL GENERIC blank sign.doc
 - Conf Agrmnt _Generic_July 17.doc


-----Original Message-----
From: Bill Comish [mailto:bill@wecc.biz]
Sent: Monday, June 17, 2002 10:42 AM
To: EHV.Web.Site.Clients@webserv.wscc.com
Subject: Test of OATI Certificates

On Wednesday, June 19, at 1000 MDT (0900 PDT) we will test the EHV web
site server's ability to utilize OATI digital certificates.  This will require moving
to the backup server for about an hour.  While on the backup, access to the
site will not be available through Tradewave.  After the test, we will switch
back to Tradewave.

We'd like as many people as possible to participate in this test.  To
participate, you must have an OATI digital certificate.  If you do not yet have
an OATI certificate and are ready to get one, please send a message to me
and I'll let OATI know.  It will take 2-3 days to obtain and install a certificate.

Please let me know today if you plan to participate in the test.  Following the
test, I'll be requesting information from you as to how successful you were in
accessing the site.

As I have announced before, after June 30, the access through Tradewave
will no longer be available.


Great idea.

	Paul Kaufman@ECT
	10/13/2000 07:19 AM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Sandra McCubbin/SFO/EES@EES
		 Subject: Re: Peace Targetting Market Players

Can/should Bev Hanson get to the bottom of this with Peace?


Sara:

Corinne Samon shall be reviewing the black-lined copy of the agreement you've
attached.  She will be available later this afternoon to discuss suggested
changes to our agreement, as well as any additional comments you may have.

Corinne can be reached at 212-648-4292 or via email at
samon_corinne@jpmorgan.com

Regards,
Tom Alterson

Sara.Shackleton@enron.com on 02/22/2001 10:27:22 AM

To:   alterson_thomas@jpmorgan.com
cc:
Subject:  Futures Agreement

Thomas:

Attached is a redline of the Client Agreement.  I know that Gary Hickerson
will be meeting with J P Morgan early next week and would like to have this
agreed.  Please advise as to what attorney will review my comments and put
me in touch with that person today.  Please let me know if you have any
questions.  Thanks.

(See attached file: JPMorganFutures.R1doc.doc)

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

 - JPMorganFutures.R1doc.doc


i have five minutes to check emails and I received a couple from PG employees today with lots of quotes from Baldwin - did it go OK?

Yankees outfit is at the ready - its great and the spa treatment / massage has been given to Scott twice already - thanks so much.


Attached are  EES's Volumetric NYMEX and Basis positions for 7/14/2000.

Robin, I'm expecting our position to be flat.  Please contact me at x3-5070
if you have any questions.

Thanks,

Monica for Kyle


See attached contract below.  Ignore 4.1 and 4.2, those will have to be
changed.  Also, keep an eye
out in 4.4 - the default language for confirmations; 10.2 - the Force Majeure
language; 18.2 - 3 rd party beneficiary; and 10.4 - transportion is not (?)
subject
to force Majeure?

Thanks,
J
---------------------- Forwarded by Janet H Wallis/HOU/ECT on 01/04/2001
11:07 AM ---------------------------

"Sweeney, Pat" <Pat.Sweeney@austinenergy.com> on 01/04/2001 10:33:27 AM
To: "'Janet Wallis - Enron'" <janet.h.wallis@enron.com>
cc: "Hadley, Donna" <Donna.Hadley@austinenergy.com>
Subject: Austin Energy Gas Supply Agreement

 <<Contract Template 040500.doc>>

Janet,

Attached is our "standard" gas enabling agreement that we plan to use with
Enron.  It is the same agreement we put in place last year when Enron did
not submit a bid.

If you will provide proper corporate / address information for Enron we will
generate an original contract.

Please let me know if you have any questions.

Pat Sweeney
Austin Energy

 - Contract Template 040500.doc


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/14/2000
09:47 AM ---------------------------

Christian Werner@ENRON_DEVELOPMENT
12/12/2000 06:47 PM
To: Vince J Kaminski@ECT
cc:
Subject: my visit

Dear Vince,

Thanks for your phone call this morning. I will ring Mike tonight, i.e.
Houston tomorrow morning.

....had a look at the temps and anomalies over CA, looks warm for this time
of the year (Dec.), there has been an increase in the night time
T_min, and T_max remains at an above average level.

I will start setting up my models over CONUS this week.

Regards,
Christian


I recieved this from an OU fan!

 -----Original Message-----
From: 	Chris Boyd <cboyd@localok.com>@ENRON
Sent:	Thursday, October 25, 2001 3:47 PM
To:	Mike Coats; Carson, Mike
Subject:	FW: Wagon Crash

> -----Original Message-----
> From: Sean Sherman
> Sent: Thursday, October 25, 2001 3:01 PM
> To:   Jason Jones; Thad Miguez
> Subject:      FW: Wagon Crash
>
>
>
> Manhattan, KS (AP)- Tragedy has struck the sporting world yet again.
> In a scene that has become all too familiar to sports fans, one person
> was killed and several others were injured as the bandwagon carrying
> thousands of life-long Kansas State Wildcat fans ran out of control when
> all but two people jumped off. The name of the deceased has not been
> released,
> pending notification of his immediate family. He is believed to be a
> former
> Dallas
> Cowboys/Chicago Bulls/New York Mets fan, who was attempting a leap to the
> Oklahoma
> bandwagon.
> The incident seems to have been caused by a 31-24 loss to Texas A&M
> Saturday afternoon.
> "You hear about things like this in other towns, but I never thought it
> would happen here" said Bruce Snead, mayor of Manhattan.
> Preliminary police reports indicated the wagon, which was recently
> purchased from a dealer in Tallahassee, Fla., was in poor working
> condition and could not handle the load from the hoards of Wildcat fans
> that had climbed aboard.
> "We were getting concerned that this might happen after the loss to
> Oklahoma," said Manhattan Police Chief Fitzgerald High. "We really
> became concerned after the CU game, but there were still only a few
> folks jumping off here and there. Then came Saturday's loss and they all
> jumped...the horror!"
> The incident was not without heroes. Kansas State quarterback Ell
> Roberson, without regard for his own life, attempted to throw a rope to
> the bandwagon's driver to help bring the vehicle under control.
> Unfortunately, Roberson drastically under threw the driver, catching the
> axle of the bandwagon instead, and was unable to hold on to the rope,
> fumbling away his opportunity to aid those in need.
> K-State's Mark Dunn attempted a similar effort, but his throw was
> intercepted by a nearby tree, never to reach the bandwagon driver.
> Kansas State head coach Bill Snyder could not be reached for comment.
>
>
Notice: This information is intended only for the person or entity to which it is addressed and may contain privileged and/or confidential material. Any retransmission, dissemination, review or other use of, or taking any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you receive this transmission in error, please contact the sender, destroy this message and delete the material from any computer system, electronic storage, logs, archives, or other media. Information in this message that does not relate to the official business of Local Oklahoma Bank shall be understood as neither provided by nor endorsed by the Bank.


-----Original Message-----
From: 	Rodenburg, Eric [mailto:erodenbu@UtiliCorp.com]
Sent:	Thursday, January 03, 2002 7:40 AM
To:	Schoolcraft, Darrell; Spraggins, Gary; Carr, James; Blair, Jean; Wilkens, Jerry; Clapper, Karen; Washington, Kathy; Callans, Nancy; Bryan, Randy; Walden, Shirley
Subject:	SUNFLOWER - NNG - HOURLY - 2002.xls


Frank is traveling this morning and will be in the office later (ETA-1:30 pm).

Thanks!

Holly Keiser
Enron Wholesale Services
Legal Department
Phone: 713-345-7893
Fax: 713-646-3490
Location: EB 3887
Holly.Keiser@enron.com


---------------------- Forwarded by Judy Townsend/HOU/ECT on 12/26/2000 11:21
AM ---------------------------

	From:  Jim Homco                           11/29/2000 04:44 PM

To: Judy Townsend/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT, Steve
Gillespie/Corp/Enron@ENRON
cc:
Subject: Please review.

Please review.


How does the VNG GSS work?

AND, Jerry and Barbara are coming to Houston tonight.  They want to go to P F
Changs.  Jerry said they would leave around 6:00 Pm putting them here around
6:45 to 7:00PM.  Of course you are invited and I told him I would let him
know where to meet us when they hit the road.

Questions?


Mark,  I assume you are handling this one?

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 10/15/99 03:07 PM
---------------------------

	From:  Dan J Bump @ ENRON                           10/15/99 07:39 AM

To: Gerald Nemec/HOU/ECT@ECT, Mark Van Skoyk/Corp/Enron@ENRON, Ken
Choyce/DEN/ECT@Enron
cc:
Subject: Deadhorse site sublease

For your review, see attached from Bob Stamp

D
---------------------- Forwarded by Dan J Bump/DEN/ECT on 10/15/99 08:38 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Bob Stamp" <rstamp@trib.com>                           10/15/99 08:52
AM

To: Dan J Bump/DEN/ECT@Enron
cc:
Subject: Deadhorse site sublease

Dan,  attached is the Deadhorse compressor site sublease from BFPL per the
terms we've discussed.
thanks,

 - att1.htm
 - ENRON COMPRES GRND LEASE.doc


Hi -

Could you please fax me a copy of Plan B

fax # 415 395 7891

Thanks

J. Stuart Ryan
AES Pacific
Suite 3300
100 Pine Street
San Francisco, CA   94111

office:  415 395 7887
mobile:  415 608 0080


request_number:  IN-BPA:  031
firstname:  Lincoln
lastname:  Wolverton
e-mail:  lwolv@worldaccessnet.com
directed_to:  Peter Burger
Bonneville Power Administration
exhibit_wp-02-e-:  WP-02-E-BPA-76
page_numbers:  3-6
request_text:  Please provide an electronic copy of the program and files
sufficient to produce the net revenues portrayed in case:
RM_Merged_$210_S2000_LR1500.xls and
RevSim Input Database:
V:\RateCase0206__Supplemental\0209\Fy02$210\S2000_LR1500\RiskData_Supplemental
FY02$210.mdb, ... Date/Time of Report: 2/10/01 8:06:00 AM.

Please ensure that the program will run on a standalone, non-Bonneville
computer-that is, a computer that does not require access to files available
only on a BPA computer.

contact_name:  Linc Wolverton
contact_address:  East Fork Economics
P.O. Box 620
35011 North Fork Rd.
La Center, WA  98629

contact_phone:  360-263-3675
contact_email:  lwolv@worldaccessnet.com
contact_fax:  360-263-3675
delivery_instructions:  Data Responses will be picked up by courier:  call
Linda Vitale of Davison Van Cleve, P.C. at 503-241-7242.

The following information is from the web server:
1.  Logon: PSP-TEN
2.  Remote Host:  63.230.164.97
3.  Remote IP Address:  63.230.164.97
4.  Form URL:
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_request.html
5.  Browser Client:  Mozilla/4.73 [en]C-DIAL  (Win98; U)


Do you guys know which books each of your people will be doing?  There is a column for that in the trader matrix under the controls folder.  Ramesh will be loading our information into risktrac for us once we have all of the information, book admin id is one of the fields he needs.

When you have decided can you please input that into the trader matrix and I'll then forward everything to Ramesh.

Thanks

Kam


? We do not have anything planned except  celebrating a beaver WIN! Come on
by and help us celebrate a beaver win.?
?????????????????????????????????????????????????????YITB
???????????????????????????????????????????????????????????????  Tyson?


Do we have an outside counsel memorandum, or will we have an internal one
soon, that we can send to Martin (as well as the other non-US swap lawyers)?
----- Forwarded by Tana Jones/HOU/ECT on 03/21/2001 12:25 PM -----

	Elizabeth Sager
	03/21/2001 11:58 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Commodity Futures Modernization Act

can you help Martin w this

thanks
----- Forwarded by Elizabeth Sager/HOU/ECT on 03/21/2001 11:57 AM -----

	Martin Rosell
	03/18/2001 09:58 AM

		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc:
		 Subject: Commodity Futures Modernization Act

Elisabeth:

I read an article in a law magazine about the captioned Act and it was, among
other things, stated therein that CFTC under the Act had been deprived of its
jurisdiction over swaps (other than those related to agricultural products)
made by eligible contracts participants.  Since the Oslo office trades
through ECTRIC, I wonder whether this new piece of legislation has an impact
on our standard reps relating to the "trade options exemption" and as to the
parties being "eligible swap participants" (are they still required)?  Is
there any internal memo yet prepared on the Act and its implications?

Martin


At the request of Bob Shults, I am attaching our proposed form of Letter of
Interest.   If the enclosed meets with your approval, please execute the
agreement and return it to me via fax no. (713) 646-3490.  I will then have
it executed by Enron Net Works.  If you have any comments or questions please
call Mark Greenberg, Senior Counsel, at (713) 345-8897 or Bob at (713)
853-0397.  We look forward to hearing from you.


-----Original Message-----
From: 	Kollaros, Alexios
Sent:	Friday, November 30, 2001 2:20 PM
To:	Pehlivanova, Biliana
Subject:	FW: For alien friends:

----- Forwarded by Alexios Kollaros/HOU/NewPower on 11/30/01 02:19 PM -----

  enjoy


When: Tuesday, May 22, 2001 1:00 PM-2:00 PM (GMT-06:00) Central Time (US &
Canada).
Where: EB3567

*~*~*~*~*~*~*~*~*~*


----- Forwarded by Sara Shackleton/HOU/ECT on 08/14/2000 03:29 PM -----

	Trena McFarland
	08/10/2000 10:03 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Donna Lowry/HOU/ECT@ECT
		 cc:
		 Subject: Re: Foreign Exchange from a US entity

---------------------- Forwarded by Trena McFarland/LON/ECT on 10/08/2000
16:05 ---------------------------

Jon Barrett@MGLTD
03/08/2000 08:10
To: GILBERGD@sullcrom.com
cc: Janine Juggins/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Trena
McFarland/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Kevin
Rhodes/MGLTD_London/MGLTD@MGLTD, Sid Tipples/MGLTD_London/MGLTD@MGLTD

Subject: Re: Foreign Exchange from a US entity

David

The US entity we're considering at the moment is an FCM, regulated by the
CFTC and which is a member of NYMEX/COMEX. It currently clears the NY
exchanges metals business for the group. It will probably be utilised to
clear the NY exchange energy business following the Enron tie up. It may
assist in clearing CSCE business but is unlikely at this stage to be looking
to be a CSCE exchange member.

It currently has capital of $2 million and subordinated debt of $20 million.
Profits are generally paid out in the form of a dividend so although it may
have a small amount of retained profit it won't be material. Currently it has
about $10 million of regulatory capital requirements.

Depending on your advice, we may consider an un-regulated company with, at
the moment, not very much capital. This latter point could be rectified,
either with subordinated debt or capital injection. The EFP customer
facilities (approximately 50% of the business) may prohibit this.

I hope this is enough info.

Best regards.

Jon

GILBERGD@sullcrom.com on 03/08/2000 03:57:28
To: jbarrett
cc:

Subject: Re: Foreign Exchange from a US entity

Thanks.  I will prepare a memo.  One question on your e-mail -- can you give
me a bit more information about the US entity that will be the FX dealer?
For example, is it currently regulated in any respect?  Is it, or will it be,
engaged in any other businesses?  How large is it in terms of assets or net
worth?  Thanks.  I'll get back to you soon.

>>> <jbarrett@mgltd.com> 08/01 1:32 PM >>>

David

Further to our recent telephone conversation, we would be grateful if you
would
give us a brief written summary on the regulatory and/or legal issues
governing
a US corporation transacting foreign exchange with US and non-US customers. My
basic understanding of our telephone conversation was that, as a non-bank,
neither the Fed, the SEC nor the CFTC have any jurisdiction. However the
Commodities Exchange Act prohibits us from contracting with certain types of
counterparties.

The potential business we are looking at currently covers outright foreign
exchange with counterparties such as banks, securities houses, funds,
corporates
and, possibly, high net worth individuals. The business also covers the
provision of EFP facilities for these customers whereby they ultimately
receive
a currency futures position on the IMM division of the CME or on FINEX. This
latter area is one where, from the Exchanges' points of view, we would
effectively be acting as an executing broker.

I hope this brief description is enough for you to be able to respond but if
you
have any questions or would like further clarification, you can contact me by
e-mail or by telephone on +44 20 7265 5421.

Thank you for your help in this.

Kind regards.

Jon Barrett

The information contained in this e-mail message and any files transmitted
with
it are confidential and may be legally privileged. It is intended only for the
addressee and others authorized to receive it. If you are not the intended
recipient or the person responsible for delivering the message to the intended
recipient you are advised that you have received the e-mail in error and that
any disclosure, copying, distribution or action taken in reliance on the
contents of the e-mail and it's attachments is strictly prohibited and may be
unlawful. Please advise the sender immediately if you are not the intended
recipient.

----------------------------------

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.


I forgot to email myself the brief to track changes, but here are my changes
in writing:

p. 1:  Para starting "focusing on the latter," that sentence, change "get
creative" to be innavotaive in its approach."

p. 2:  1st full Paragraph, Second sentence, change "uniting" to "common" and
there is a typo on line5, reduction n consumption.   Should be "of"

page 6:  We need the RR for PG&E.

Under Part VII, Rate Design, can we insert a sentence that our proposal,
unlike the others, does not arbitrarily allocate costs to peak period.  We
told Scott we wuold insert the arbitrariness of other proposals several times
in the brief.

We also need ro insert discussion about relation of peak to offpeak prices,
as a 3:2 ratio, which is not what other parties have proposed.

page 8:  2.  Derivation of Threshold Usage:, first sentence, delete "between"
in first sentence.

page 9:  Second full paragraph, begining "Again, the UDS's, "  Second
sentence, sited should be "cited"

p. 12:  First full paragraph beginning "A primary component,"  Insert a
sentence after the second sentence to mention, again, the arbitrariness of
proposals allocatin costs between peak and offpeak.

 Second full parag, beginning, "Enron's proposal, can stick a sentence about
arbitrariness in there too.  And change "more necessary goal" in 4th sentence
to "more critical goal"

I don't have the email I sent out about what we agreed to insert with Scott,
so if you have a chance, check it to make sure we did everything we agreed to.

I am going to try to come into the office very early tomorrow and will check
email again, but my son has an appointment with the neurologist here in
Houston at 9:20 am tomorrow, and that is where I will be when you have the
9:30 call (we made this appointment months ago).  But I will communicate with
Harry and everyone else before then.  Thanks.


Hi Vince

That's great - delighted you'll be participating. I've put you down as the
chairman for stream 1, day 1 on 9 May 2000.

By the way, is your job title still VP, Head of Research at Enron North
America? I need to know for the brochure.

If I don't speak to you before the new year, I wish you a very Merry Xmas
and a Happy New Millennium!

Emma

-----Original Message-----
From: Vince J Kaminski <Vince_J_Kaminski@enron.com>
To: Emma Wolfin <risk-ny@email.msn.com>
Cc: Vince J Kaminski <Vince_J_Kaminski@enron.com>
Date: Thursday, December 16, 1999 9:02 AM
Subject: Re: Invitation to speak at POWER 2000

>
>
>Emma,
>
>Mergers and acquisitions are not my cup of tea.
>
>Chairing stream 1 on day 1 seems to be a better match.
>
>Vince
>
>
>
>
>
>"Emma Wolfin" <risk-ny@email.msn.com> on 12/15/99 10:51:34 AM
>
>To:   Vince J Kaminski/HOU/ECT@ECT
>cc:
>Subject:  Re: Invitation to speak at POWER 2000
>
>
>
>
>Hi Vince
>
>Thanks for getting back to me quickly! As it happens, all of the sessions
>you suggested are already taken!
>
>So, would you be interested in chairing EITHER stream 1 on day 1 of the
>conference - "Pricing and Trading in the US Power Market"  OR stream 3 on
>day 2 of the conference - "Latest Developments in the US Energy Industry".
>For your information, the people presenting on day 1 in stream 1 include:
>
>- Spyros Maragos, Dynegy on volatility
>- Sanjeev Khanna, PG & E on correlation
>- Gary Morsches, Southern on optimising information to accurately price and
>trade electricity
>- Blake Johnson, Stanford University on modelling power prices
>- Craig Pirrong, Olin School of Business, Washington University on building
>the optimal forward curve
>
>On day 2, stream 3, there are only 3 talks in that stream, as after lunch
we
>will be breaking for plenary sessions and the Industry Briefing sessions
>too. But the people who will be speaking in that stream are:
>
>- Venu Nagali, Stanford University on real options
>- Ram Challa, Sithe Energies (he was formerly at Bankers Trust) on
>generation assets
>
>I have the slot on Mergers and Acquisitions in stream 3 on day 2 as still
>available but I'm not sure if that session is your area of speciality? Let
>me know.
>
>Thanks Vince and very much looking forward to working with you again.
>
>Emma
>
>
>-----Original Message-----
>From: Vince J Kaminski <Vince_J_Kaminski@enron.com>
>To: Emma Wolfin <risk-ny@email.msn.com>
>Cc: Vince J Kaminski <Vince_J_Kaminski@enron.com>
>Date: Wednesday, December 15, 1999 11:36 AM
>Subject: Re: Invitation to speak at POWER 2000
>
>
>>
>>
>>Emma,
>>
>>It's your choice. I can chair the session of day 2 or speak on one of
these
>>topics.
>>Please, let me know what works for you.
>>
>>Possible presentations:
>>
>>Evaluating the effectiveness of insurance as a risk management tool
>>
>>or
>>
>>Applying real option theory to value power plants
>>
>>or
>>
>>Overcoming the difficulties of accurately estimating volatility
>>
>>
>>Vince
>>
>>
>>
>>
>>
>>"Emma Wolfin" <risk-ny@email.msn.com> on 12/14/99 04:08:03 PM
>>
>>To:   Vince J Kaminski/HOU/ECT@ECT
>>cc:
>>Subject:  Invitation to speak at POWER 2000
>>
>>
>>
>>
>>Hi Vince
>>
>>It is my great pleasure to invite you to speak at POWER 2000 which will be
>>in Houston on 9 & 10 May 2000.
>>
>>Would you be interested in chairing one of the streams on day 2 of the
>>conference? Or making a full presentation on one of the days? Please let
me
>>know which talks interest you. Obviously, some of the talks are no longer
>>available but I would like to give you a choice as much as possible.
Please
>>could you get back to me asap on 212 925 1864 Ext 151 or by return email.
>>
>>I very much hope you can make the dates as I'm very keen to have you
>>participate at POWER. Not to flatter you unnecessarily, but I know that a
>>lot of people come to our conferences to hear what you have to say.
>>
>>Best regards
>>
>>Emma
>>
>>
>>
>>
>>
>
>
>
>
>
>


Following please find the Daily EnronOnline Executive Summary.

<Embedded Picture (Metafile)>


FYI
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15:58:33 -0500
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Date: Mon, 23 Jul 2001 16:54:44 -0400
From: "Jeffrey Sherman" <JSherman@skadden.com>
To: <dshaffer@akllp.com>,<kminesinger@akllp.com>, <imoreno@BCJLaw.com>,
<rrich@bracepatt.com>, <jhmcgrew@brudergentile.com>,
<jmmarcoux@brudergentile.com>, <jab@cpuc.ca.gov>,
<daniel.collins@elpaso.com>, <greg.jones@elpaso.com>,
<judy.heineman@elpaso.com>, <mark.cook@elpaso.com>,
<jlgreene@energyadvocates.com>, <curtis.wagner@ferc.fed.us>,
<edith.gilmore@ferc.fed.us>, <marcia.hooks@ferc.fed.us>,
<martha.altamar@ferc.fed.us>, <ruby.meek@ferc.fed.us>,
<jmoriarty@fw-law.com>, <kbedwards@gkrse-law.com>, <jfagan@hewm.com>,
<PMohler@hewm.com>, <DLBeresford@HHLAW.com>, <GSterling@HHLAW.com>,
<bjost@huberlaw.com>, <dhuard@manatt.com>, <jgregg@mbolaw.com>,
<lochsenhirt@mbolaw.com>, <dmcwash@mshpc.com>, <frl3@pge.com>,
<sandrar@prestongates.com>, <GBaker@Sempra.com>, <wlansinger@Sempra.com>,
"Doug Robinson" <DROBINSO@skadden.com>, "Gerald Richman"
<GRICHMAN@skadden.com>, "Jeffrey Sherman" <JSherman@skadden.com>, "William
Scherman" <WSCHERMA@skadden.com>, <ryspeed-bost@verner.com>
Subject: RP00-241-000
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_E1BB8B60.24458160"

Attached is the rebuttal testimony of Mark. T. Mitchell and cover letter
being filed today on behalf of El Paso Merchant Energy, L.P. at the Federal
Energy Regulatory Commission.

Hard copies are being served to all parties.

 - was1_358403_1.pdf
 - was1_357785_1.pdf


-----Original Message-----
From: 	Mahmassani, Souad
Sent:	Monday, October 15, 2001 10:08 AM
To:	Plachy, Denver; Cuilla, Martin; Storey, Geoff; Yawapongsiri, Virawan; Kinsey, Lisa; Donohoe, Tom; Ruscitti, Kevin; Lewis, Andrew H.; Williams, Jason (Trading); Frihart, Bryant; Tucker, Patrick; Giron, Darron C.; Pollan, Sylvia S.; Murrell, Russell E; Culotta, Lindsay; O'Malley, Justin; Love, Phillip M.; Pendergrass, Cora; Lenart, Kirk; Schrab, Mark L.
Cc:	Luce, Laura; Shively, Hunter S.
Subject:	FW: Classes

One more change to class time.  Today's class only (Midcon) will be held @ 1:45 in room 3270 (same room as our 2:30 daily meeting) .
Thanks
 -----Original Message-----
From: 	Mahmassani, Souad
Sent:	Friday, October 12, 2001 3:18 PM
To:	Plachy, Denver; Cuilla, Martin; Storey, Geoff; Yawapongsiri, Virawan; Kinsey, Lisa; Donohoe, Tom; Ruscitti, Kevin; Lewis, Andrew H.; Williams, Jason (Trading); Frihart, Bryant; Tucker, Patrick; Giron, Darron C.; Pollan, Sylvia S.; Murrell, Russell E; Culotta, Lindsay; O'Malley, Justin; Love, Phillip M.
Cc:	Luce, Laura; Shively, Hunter S.
Subject:	FW: Classes

Just a reminder.  Classes begin Monday the 15th.  They will be in room 3321 from 3 to 4.
Thanks,

 -----Original Message-----
From: 	Mahmassani, Souad
Sent:	Tuesday, October 09, 2001 3:05 PM
To:	Plachy, Denver; Cuilla, Martin; Storey, Geoff; Yawapongsiri, Virawan; Kinsey, Lisa; Donohoe, Tom; Ruscitti, Kevin; Lewis, Andrew H.; Williams, Jason (Trading); Frihart, Bryant; Tucker, Patrick; Giron, Darron C.; Pollan, Sylvia S.; Murrell, Russell E; Culotta, Lindsay; O'Malley, Justin; Love, Phillip M.
Cc:	Luce, Laura; Hogan, Irena D.; Shively, Hunter S.
Subject:	RE: Classes

Classes have been moved.  We will begin classes on 15th and end on the 26th.
Thanks
 -----Original Message-----
From: 	Mahmassani, Souad
Sent:	Wednesday, October 03, 2001 3:47 PM
To:	Plachy, Denver; Cuilla, Martin; Storey, Geoff; Yawapongsiri, Virawan; Kinsey, Lisa; Donohoe, Tom; Ruscitti, Kevin; Lewis, Andrew H.; Williams, Jason (Trading); Frihart, Bryant; Tucker, Patrick; Giron, Darron C.; Pollan, Sylvia S.; Murrell, Russell E; Culotta, Lindsay; O'Malley, Justin; Love, Phillip M.
Cc:	Shively, Hunter S.; Luce, Laura
Subject:	Classes

I spoke to the professors and we decided that the Midcontinent class will be held Monday's and Wednesday's from 3:00 to 4:00, Ontario class will be held Tuesday's and Thursday's at the same time.

Classes will commence Monday 8, 2001, and will continue until Thursday 19, 2001.  Midcontinent test will be held on Monday the 22nd and Ontario test will be held on Tuesday the 23rd.

Please e-mail any suggestions, conflict, registry.

Thanks


Clem,

The total volume of 1,517 mmbtu that flowed during the period of 12/1/99
through 3/31/00 has been moved from the Strangers Gas Contract to
012-41500-02-004 for write-off purposes.

Bob

Clem Cernosek
01/08/2001 01:35 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Edward Terry/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT
Subject: HPL Meter #986563 Texaco Fee c/P

Daren:

During the period of 12/1/99 through 3/31/00 gas flowed into HPL's pipeline
at the above meter.  The gas volumes that flowed are as follows:

12/1/99 - 12/31/99                   1,457  Mmbtus
01/1/00 - 01/31/00                         49  Mmbtus
02/1/00 - 02/29/00               7  Mmbtus
03/1/00 - 03/31/00               4  Mmbtus

         1,517  Mmbtus

Prior to 12/1/99, the volumes were being purchased from High Sierra Operating
LLC under contract #96003435  Deal #26611 which have terminated.  Currently,
Logistics has these volumes recorded to HPL Stranger Gas Contract.  In order
to correct this, HPL Logistics needs either a new deal to record these
volumes which have flowed into HPL's pipeline, or Logistics needs approval to
write-off these volumes to Unaccounted for Gas Loss.  (Please print, sign,
and return the original to Clem Cernosek).

 ________________________________________________________
 Deal/Deal Ticket#/ Customer (Buyer/Seller)

    OR

 _________________________________________________________
 APPROVAL to Write-off the volumes to Unaccounted for Gas Loss

Thanks, Clem


This request has been pending approval for  6 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000037887&Page=Approval to review and act upon this request.

Request ID          : 000000000037887
Approver            : stinson.gibner@enron.com
Request Create Date : 5/31/01 8:21:42 AM
Requested For       : seung-taek.oh@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


Bob -

Consistent with your request, I have made some general revisions to the form
BETA.  These revisions revolve around the concept approved by Andy whereby
Enron is willing to allow the Broker to be absolved of responsibility for a
"busted" deal at such time as the Broker has provided Enron with the
verification of the Execution required under the agreement and Enron has yet
to obtain an actual confirmation (either in writing or by performance) from
the Participant/Counterparty.

I have modeled the provisions after the suggestions originally made by Amerex
and moved a few of the provisions around in order to accommodate the
changes.  If these changes are acceptable, I will then embark on preparing
amendment documents for the five current customers.  Since each of the BETA's
for these customers vary a bit from the base form, the amendment documents
will have to be customized to address each agreement independently.

Please take a look at the attached and let me know your thoughts.

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


Yes we do. Copy attached FYI. Thanks, Edmund.

	From:  Mark Taylor                           03/21/2000 01:56 AM

To: Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc:

Subject: Netherlands ETA

Do we have a Netherlands ETA?
---------------------- Forwarded by Mark Taylor/HOU/ECT on 03/21/2000 02:55
AM ---------------------------

	From:  Bob Shults                           03/17/2000 03:36 PM

To: David Forster, Mark Taylor/HOU/ECT@ECT
cc:
Subject: Netherlands ETA

I am trying to follow up with Reliant concerning a desire to trade from their
office in the Netherlands.  What is the status on an ETA for the Netherlands?


Here is an updated version of Sally's group.


Colleen

What is XML?

Thanks
Hunter


No, this was incorrect. I'll tell you something - Real Time is having
problems figuring out who they do and do not trade with. We're going to have
a conversation about this in a minute when I come up for air from this whole
California mess. In the meantime, I've changed this to Enron Energy Services,
Inc.

Thanks,
Kate

Rhonda L Denton
01/31/2001 11:32 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Energy Services, Inc.

509402.  Can you see if this is the correct CP.  We don't have a contract
with them.  If it is correct, that's fine, just let me know.


TransAtlantic | The Atlantic Online | http://www.theatlantic.com

April 6, 2001

+ In FLASHBACKS, highlights from The Atlantic's archive...

CHINA: A WORLD POWER AGAIN (August 1999)
by Robert D. Kaplan
"The United States-China relationship, so prone to cultural and historical
misinterpretation, could be among the most unstable great-power
relationships in history.... Chinese influence is seeping into more and
more of Asia. However justified our positions may be, dealing with China
will require cool realpolitik and scholarly know-how, not self-righteous
hysteria."
http://www.theatlantic.com/issues/99aug/9908china.htm

Plus,

The Atlantic has reported on China for more than a century. A selection of
Atlantic articles from 1899 to the present puts U.S.-China relations in
perspective.
http://www.theatlantic.com/unbound/flashbks/china.htm

+ In ATLANTIC UNBOUND, The Atlantic's online journal ...

Politics & Prose
HITLER'S WILLING BUSINESS PARTNERS
by Jack Beatty
Apr 4 | "You are IBM founder Thomas Watson, it is 1937, and you must know
that the census and other work your German branch has performed for the
Nazis has been used not just to count cars and cows but to identify Jews.
Perhaps you have even read the comment of a Nazi statistician that 'In
using statistics the government now has the road map to switch from
knowledge to deeds.' You have visited Germany; you were in Berlin in July,
1935, when Black Shirts rampaged through the streets smashing the windows
of Jewish stores. Now, in recognition of your services to the Third Reich,
Hitler wants to give you a medal. Will you accept it?" Jack Beatty on *IBM
and the Holocaust* -- a shocking account of Big Blue's dealings with Nazi
Germany -- and on what the critics have failed to grasp.
http://www.theatlantic.com/unbound/polipro/pp2001-04-04.htm

Corby's Table
PASTA WITH A PASSION
by Corby Kummer
Apr 4 | "Whether they'll admit it or not, critics and food people go to
certain favorite restaurants whenever they pass through a city. Not because
these are the most daring spots, or the places to be seen, but because the
diner knows he or she will eat wonderfully. It's like settling back into
home. Valentino, in Santa Monica, California, is one of those restaurants.
Now the owner, Piero Selvaggio, has written his own cookbook, together with
Karen Stabiner, and it's one of the few Italian cookbooks I plan to keep on
my shelf." Corby Kummer reviews *The Valentino Cookbook*, and offers
selections.
http://www.theatlantic.com/unbound/corby/ct2001-04.htm

Sage, Ink
Apr 4 | TEMPTATION ISLAND
http://www.theatlantic.com/unbound/sage/ss2001-04-05.htm
A cartoon by Sage Stossel.

-------------------------------------------------------

+ In D.C. DISPATCH | from National Journal

Political Pulse
GOP HEAVYWEIGHTS AGAIN DUKING IT OUT
by William Schneider
Apr 4 | With a 2004 rematch possible, McCain and Bush spar over Campaign
Finance Reform.
http://www.theatlantic.com/politics/nj/schneider2001-04-04.htm

-------------------------------------------------------

+ In POST & RIPOSTE | Forum Highlights

"Spy Plane Repercussions"
What really happened in the airspace over the South China Sea? Will the
tension dissipate, or are we in for a standoff? What should the U.S.
government's next move be?
http://forum.theatlantic.com/WebX?.ee6fab4

"The Art of Comics"
Can comics be considered serious literature? Join a discussion on Peter
Swanson's Atlantic Unbound essay, "Maus Culture."
http://forum.theatlantic.com/WebX?.ee6fa7c

"The Next Ruling Class?"
What makes today's students tick? And how did they get this way? Has David
Brooks drawn an accurate portrait of the meritocracy's next generation?
Join us for a special forum on the April cover story.
http://forum.theatlantic.com/WebX?.ee6f6b3

"Race and Genetic Research"
What are the risks of exploring human genetic diversity? What are the
potential rewards? Join a conversation on Steve Olson's article in the
April Atlantic.
http://forum.theatlantic.com/WebX?.ee6f6af

"The Kamikaze Return"
Is it inappropriate to honor bravery displayed in pursuit of certain
causes? Are some war memorials offensive?
http://forum.theatlantic.com/WebX?.ee6f4bd

... and much more.
http://www.theatlantic.com/pr/

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Hey Melba,

A revision on Number 3,
It should read:

3) NBPL/Manhattan - The interconnection between The Peoples Gas Light & Coke Company and Northern Border Pipeline Company located in Cook County, Illinois (Meter No. 82).

Thanks

 -----Original Message-----
From: 	Mims, Patrice L.
Sent:	Monday, October 08, 2001 1:54 PM
To:	Lozano, Melba
Cc:	Storey, Geoff; Simpson, James
Subject:	New Products

Hi Melba,

We need to have a couple of new physical products set up as soon as you can.  They are:

1) Nicor/E. Dubuque = The interconnection between Nicor Gas Company and Northern Natural Gas Company located in Jo Daviess County, Illinois

2) PGLC/NGPL (Non-Pool) = The interconnection between The Peoples Gas Light & Coke Company and Natural Gas Pipeline Company of America (Pin No. 909285)

3) NBPL/Peoples/MANHTN = The interconnection between The Peoples Gas Light & Coke Company and Northern Border Pipeline Company located in Cook County, Illinois (Meter No. 81)

Please let me know when these products can be activated.  Thanks


Here are the latest Q and As.  FYI, we have toned down the message on the
amount of oil.  While we still do not have a final figure, it looks like it
could be around 20,000 barrels spilled.  We have never publicly released a
figure but have stated it might not be as high as the figure cited in news
stories, which was 25,000 barrels.

---------------------- Forwarded by Kelly Kimberly/ENRON_DEVELOPMENT on
03/07/2000 10:18 AM ---------------------------

Henry Means
03/06/2000 09:19 PM
To: Kelly Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: gamboaj@fleishman.com
Subject: Re: Transredes Q&As - March 6

Attached please find the latest Transredes Q&As (these have been properly
cleared by the legal and operations staff).


Itinerary for Sally Beck
London
January 14-19, 2001

Tues, Jan 14  Continental Flt. CO 4 (Seat 01K)
    6:55 pm Depart Houston-IAH
    9:55 am Arrive London-Gatwick

Hotel:   47 Park Street Hotel
    47 Park Street
    Mayfair, London, W1Y 4EB
    United Kingdom
    Phone:  011-44-207-491-7282
    Fax:  011-44-207-491-7281

Contact:   Niki Scott
    Enron House
    40 Grosvenor Place
London SWIX 7EN
Phone:  011-44-207-783-7533
Fax:  011-44-207-783-8025

Fri, Jan 19  Continental Flt. 35 (Seat 01E)
    9:40 am Depart London-Gatwick
    2:10 pm Arrive Houston-IAH

Time Difference in London (+6 hours from Houston)


Jordan,  Attached is the latest structure.  This is still subject to change
as AA has not yet approved.  The deal basically involves creating a new
entity to take ownership of 2 existing Electric Compressor Motor Drivers and
associated contracts which ECT currently owns.  The compressor motor drivers
are supplied with electricity from the Navajo Tribal Utiltity Authority
(NTUA).  ECT sells horsepower created by the motor drivers to Transwestern in
exchange for $$ and MMBtus.

Lance Schuler will be working the finance portion of this project.  This is a
2nd Quarter deal.  Would you expect anything less?  Please let me know who
will be working on this from your group or call to discuss any questions.
Thanks.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 06/02/99 04:38 PM
---------------------------
From: Trevor Woods on 05/21/99 02:13 PM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Structure

Here it is G.


Come listen to Meihong Xu's amazing stories on  Tuesday, March 6th
(18:10-19:50), in  Room C250.
?
She has just started her new job at Softbank  Venture Capital in Mountain
View, yes, the Softbank of?Masayoshi  Son,?one of the world's leading
Internet market forces and, well, once was  the largest shareholder in
leading Internet companies including Yahoo!, E*TRADE  and ZDNet?(circa June
2000).... prior to joining Softbank, she served as  the Executive  Vice
President of? Angel Engineers, responsible for corporate development,
investor relations, and strategic planning.
?
Non-registered students welcome subject to seat  availability... come early!
?
?
March 6
Meihong  Xu
Principal, Softbank Corp  AuthorYes, she is a VC in the valley, but is also
a? Co-author of the International Best-selling  Book,?DAUGHTER OF CHINA A
True Story of Love and  Betrayal. Well here is?one of the  book reviews...??
?
It is early September 1988. First lieutenant  Xu Meihong, a young graduate of
China's elite intelligence corps, is assigned to  spy on suspected American
operative Larry Engelmann. The roguish, blue-eyed  professor instead opens
Xu's eyes to the wonders of freedom and democracy. They  fall in love, dodge
the bad guys, escape China and end up happily ensconced in  paradise (read
California).
This is no Hollywood movie script. Like most  stories flooding out of China
over the past decade, it is unbelievable, but  true. Daughter of China is the
latest of a rash of Chinese women's biographies  to hit the bookshelves.
Cynics may groan, but with no good reason. While the  autobiography fits the
"scar memoir" mould, it also offers an insider's look at  a bumbling and
brutish People's Liberation Army and the petty power games played  by party
leaders.
Xu's revelations about the PLA's inner  workings also are engrossing. She
tells of a failed plan to build a mock  American city--complete with
American-style cinemas, cars, gas pumps,  restaurants and credit cards--to
better train officers to blend in should they  be posted to the United States
on intelligence missions. But above all, Daughter  of China is a thrilling
tale told with intelligence and  compassion.?? (excerpt from "Loving the
Enemy" by  Angela Leary, Far Eastern Economic Review, Aug 5,  99)
 - author.gif


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/04/2000 03:18
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/04/2000 12:57 PM

To: undisclosed-recipients:;
cc:
Subject: DJ CalPX Day-Ahead Prices At $250 Cap For Every Hr - Source

20:26 GMT 4 December 2000 *DJ CalPX Day-Ahead Prices At $250 Cap For Every
Hr - Source
(MORE) Dow Jones Newswires 04-12-00
2026GMT
Prices Suggest What ISO Pays - Source
LOS ANGELES (Dow Jones)--Monday day-ahead prices into the California Power
Exchange hit a state-mandated $250 per megawatt hour price cap for every
single hour, the first time that has happened in the history of the CalPX,
said a source close to the issue.
"Our on-peak prices are at the cap, our off-peak prices are at the cap, our
average price is at the cap," the source said.
The prices are in line with December balance-of-month forward prices in the
Mid Columbia River market electricity hub, which hit $525/MWh, and January
forward prices, which hit $475/MWh on Monday.
Prices in the CalPX, which operates the state's day-of, day-ahead and block
forward electricity market, are likely an indication of the prices the
Independent System Operator is paying to secure that out-of-state
generation, the CalPX source said.
The California ISO, which must ensure the state's grid reliability and
operates 75% of the state real-time market, declared a stage-one electrical
emergency Monday, meaning operating reserves were below 7%.
The ISO said 10,000 MW of power was off line, and issued a call to buy 3,000
MW out of state.
It is strange that the CalPX would hit an across-the-board cap in the
winter, as opposed to the traditional high-peak summer season, market
sources said. The ISO has had an unusual winter, however, having declared an
unprecedented five stage-two power emergencies in November due to a large
amount of generation off line for planned and unplanned maintenace.
-By Jessica Berthold, Dow Jones Newswire; 323-658-3872;
jessica.berthold@dowjones.com
(END) Dow Jones Newswires 04-12-00
2052GMT

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.


Diane, I will definitely show this to Ken, but he has a Dain Rauscher
presentation near the Galleria at 8:00 a.m. that morning, so I know he can't
attend.

Rosie

Diane Bazelides@AZURIX
08/22/2000 03:01 PM
To: Carol Hensley/HOU/AZURIX@AZURIX, Kim Bacon/HOU/AZURIX@AZURIX, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amanda K
Martin/HOU/AZURIX@AZURIX, Cindy Olson/Corp/Enron@ENRON, Lou
Potempa/Corp/Enron@ENRON, Jan Johnson/GPGFIN/Enron@ENRON, Karen S
Owens@ees@EES, Joseph W Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Hardie
Davis/Corp/Enron@ENRON, Rex Rogers/Corp/Enron@Enron, Kenneth
Lay/Corp/Enron@ENRON, Elizabeth Ivers/HOU/AZURIX@AZURIX, John
Ale/HOU/AZURIX@AZURIX, Russell Baumbach/HOU/AZURIX@AZURIX, Cliff
Baxter/HOU/ECT@ECT, Habiba Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen
Blankenship/HOU/AZURIX@AZURIX, Rebecca Carter/Corp/Enron@ENRON, Mary
Clark/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Sarah
Palmer/HOU/ECT@ECT, James Derrick/Corp/Enron@ENRON, Robert
Hermann/Corp/Enron@ENRON, Stanley Horton/Corp/Enron@Enron, Gene
Humphrey/HOU/ECT@ECT, Tod Lindholm/Enron Communications@Enron Communications,
Andrea Mainelli/HOU/AZURIX@AZURIX, Terry Owens/HOU/AZURIX@AZURIX, Mark
Palmer/Corp/Enron@ENRON, Arch Payne/HOU/AZURIX@AZURIX, James
Prentice/GPGFIN/Enron@ENRON, David Pruner/HOU/AZURIX@AZURIX, Dave
Schafer/OTS/Enron@ENRON, Elizabeth Tilney/HOU/EES@EES, Rachael
Tobor/HOU/EES@EES, Michael Wood/HOU/AZURIX@AZURIX, John
Wodraska/HOU/AZURIX@AZURIX, Norma Tidrow/HOU/AZURIX@AZURIX, Anita
Piat/HOU/AZURIX@AZURIX, Kathlene Neal/HOU/AZURIX@AZURIX
cc:
Subject: Alzheimer's Research Update

On September 19th Dr. Bill Thies, vice president of medical and scientific
affairs for the national Alzheimer's Association, will be in Houston to
provide an update on some of the new and successful research underway for
Alzheimer's disease.  He'll also be meeting with local reseachers to learn
what they're doing in order to support and potentially fund their work.
Since all of you have been such great supporters of our efforts to raise
funds for this very cause, Phil and I are hosting a breakfast so you can hear
firsthand how your money is being spent.  No pledge cards will be handed out
at the door--just juice, coffee and maybe a bagel.  Please join us to hear an
update from Dr. Thies on September  19 from 7:00 to 8:00 a.m. in the Enron
Building, Room 49C1.  Please RSVP to Adriana Wynn at X55176.


Thanks Michael for the brief update.  it sounds encouraging.  I am looking forward to putting the model into motion.  No problem with signing the no cost extension for the project, send it my way.

-----Original Message-----
From: Michael Adewumi [mailto:michael@pnge.psu.edu]
Sent: Thursday, November 29, 2001 1:15 PM
To: Campbell, Larry
Subject: Summary of Progress

Dear Larry:
It was good hearing from you a few days ago. We are wrapping up a progress
report on the project but I can tell you briefly what we have accomplished
so far. We have finished the PCB model development/modification to
incorporate most of the main ideas that we talked about when you, John and
your crew visited us. Specifically, we have been able to extend the model
significantly to include flow regime impact on cleanup efficiency and the
amount of solvent that will be required. We have looked at the issue of
contact time and contact area. These two and some of the other salient
issues turned out to be more challenging to handle than we had originally
anticipated but we have now nailed them. In fact, the new program finally
worked well and debugged only about 2-3 weeks ago. Since then we have been
doing shake-down testing and all is well so far. The results are exciting as
you would see in the report. There are two tasks that we would now embark
on. Now that the model has all the principal mechanisms incorporated, we are
now planning a comprehensive production runs where we will give you cleanup
options, etc with critical evaluations of those. That will probably take us
until the end of January. This is where I will need to talk to you very
often to determine what options make most sense to run so that we do not
just run millions of options.
	Along this line, we will need another no-cost extension letter from
you so as to continue the work beyond December. We can talk about how long
if you want so as to determine what you would really like to be the
concluding point. So, I will call you after sending the report, which should
be by Monday next week. Thanks and best regards.

          Michael
Michael A. Adewumi, PhD
Professor & Chair of Graduate Program
   in Petroleum & Natural Gas Engineering
Quentin E. and Louis L. Wood University Endowed Fellow
The Pennsylvania State University
202 Hosler Building
University Park, PA 16802
Tel.: (814) 863-2816
Fax: (814) 863-1875
Email: michael@pnge.psu.edu


There will be a conference call on Thursday May 3, 2001 at 4:00p.m. (Houston time) and 5:00p.m.(Puerto Rico time).

The dial in numbers are as follows:

International              847-619-8039
Domestic                   800-991-9019
Passcode                  6684506#

Please advise if you are unable to participate.

Thanks
Cindy


Cameron,

Will do....

Jeff, if you want to chat, I'll be happy to meet with you....in person or
via phone.  I've spent the past year and a half in the B-to-B space focusing
on automated and electronic procurement processes.

My number is 650-858-1920.

Best Regards,

Mike D.

-----Original Message-----
From: Cameron Sellers
Sent: Monday, March 20, 2000 1:12 PM
To: Mike Davenport
Cc: 'Jeff Dasovich'; 'Jeff.Dasovich@enron.com'
Subject: FW:

The contact at Haas is Jeff Dasovich and his email address is
Jeff.Dasovich@enron.com.

His work phone number (daytime) is:  (415) 782-7822

Could you please send him the PRD as soon as you get it from Cherryl
tomorrow.

Thank you so much!!

Cameron

Cameron Sellers
Vice President, Business Development
PERFECT.COM
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.858.7719 (direct dial)
650.858.1095 (fax)
650.208.9455 (cell)

-----Original Message-----
From:  Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Monday, March 20, 2000 12:14 PM
To: cameron@perfect.com
Subject: RE:

already got the MRD.  Just need the PRD.  Tomorrow's just dandy.


Please print and fax the redlined version to me at the hotel.

Thanks,

Kay

ps  I'm in room 706
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/28/2001 07:58
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 02/27/2001 02:18:43 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: LLC Agreement for Turbine LLC sale

 <<2rz802!.DOC>>  <<2RZ8RED.DOC>>
Kay:

We did have a "form" LLC agreement in conjunction the letter agreement.  It
was most recently circulated in a Jan 4 e-mail from me and is the attached
draft dated Dec 15.  We may wish to tinker with the effective date
provisions of Section 2.5 and depending on whether XYZ is a corporation,
partnership or limited liability company, the entity representations in
Section 3.2.1 et seq. (I have also attached a marked copy reflecting the
differences between the prototype form and the final form signed in the
Intergen transaction).  If you need anything else, please let me know.
Thanks.

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

Enclosures 129572v2
  129344v7 R 129572v2

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, February 27, 2001 8:45 AM
To: ccampbell@kslaw.com; jkeffer@kslaw.com
Subject: LLC agreement for turbine llc sale

Hi there,

Did you come up with a "form" llc agreement in conjunction with the form
letter agreement, or is the Coral LLC agreement the latest thing?

Thanks,

Kay

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2rz802!.DOC
 - 2RZ8RED.DOC


You know, you have to WRITE emails to GET emails...and I would hardly call
your last two, WRITING..they were just acknowlegements of your existence,
not your normal informative form of communication.

WELL????


yes, those are the correct amounts.


"paulhastings.com" made the following annotations on 04/20/01 13:26:48
------------------------------------------------------------------------------
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of
conventional first name and last name plus @paulhastings.com.  Here are
two examples: janesmith@paulhastings.com and danjones@paulhastings.com.
If you have any questions, please contact us at noc@paulhastings.com.

==============================================================================
"The information transmitted is intended only for the person or entity
to which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you
received this in error, please contact the sender and delete the
material from all computers."

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

Attached for your  review are the following:
?
1. Revised  NorthWestern Guaranty, marked to indicate changes from the prior
draft; and
?
2. LLC Agreement,  marked to indicate all changes made to the draft
distributed on April 20,  2001.? The blacklined draft distributed last night
did not indicate certain  formatting and primarily, non-substantive changes
made to the LLC  Agreement.
?
?
***********************************************
Jeremiah A. DeBerry, Esq.
Paul Hastings Janofsky & Walker  LLP
399 Park Avenue
New York, New York 10022
Phone: (212) 318-6458
Fax:???? (212)  319-4090
?
?
 - LLC Agreement(vRED).DOC
 - NW Agreement Guaranty(vRED).WPD


Start Date: 4/19/01; HourAhead hour: 2;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041902.txt


I have attached two additional files that I hope you will find useful in
completing your effort.

 This document contains definitions for terms commonly used in this project.
It is provided so all the data gathered reflects that same understanding of
what was being asked for.  Please refer to page three for data gathering
worksheet definitions.   NOTE: The specific definition for STRATEGIC - the
last column of the worksheet - is still being developed.  This should not,
however, interfere with or hold up your work effort.

This is an early draft of the Gas Control Activity/Task worksheet.  I have
added columns that incorporate all the requested data items.

Steve  37885

Julia White
03/20/2000 04:36 PM
To: Bill Cordes/ET&S/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON, Jenny
Rub/GPGFIN/Enron@Enron, Rod Hayslett/FGT/Enron@ENRON, Bob M
Hall/FGT/Enron@ENRON, Rockford Meyer/FGT/Enron@ENRON, Ray
Neppl/NPNG/Enron@ENRON, Scott Coburn/NPNG/Enron@ENRON, Donna
Scott/FGT/Enron@ENRON, Sheila Nacey/ET&S/Enron@ENRON, Rick
Dietz/ET&S/Enron@ENRON, Steven January/ET&S/Enron@ENRON, Lynn
Blair/ET&S/Enron@ENRON, Jane Joyce/ET&S/Enron@ENRON, Steve
Gilbert/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON, Steve
Klimesh/ET&S/Enron@ENRON, Tamara Hopkins/ET&S/Enron@ENRON, Linda
Trevino/ET&S/Enron@ENRON
cc: Julia White/ET&S/Enron@ENRON, Ricki Winters/ET&S/Enron@Enron, John
Buchanan/ET&S/Enron@ENRON, Larry Berger/ET&S/Enron@ENRON, Raetta
Zadow/ET&S/Enron@ENRON, Jan Moore/ET&S/Enron@ENRON

Subject: Project Why

Pursuant to Phase 1 of Project Why, I have attached a draft of the process
assessments for ET&S Market Services for the Scheduling, Electronic Business
Development, Gas Control, Invoicing/Accounting, and Contracts functions. Our
next step will be to complete the additional columns. Call with questions.

Thanks. Julia


Split Rock Energy LLC is authorized for US physical power products EOL
--sales only, per credit.

The following counterparties are not authorized to trade US power products --
restricted by credit.

Power Systems Group Inc.
TransCanada Gas Services Inc.

Please contact me with any questions.

	Tana Jones
	12/27/2000 12:29 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
Alison Keogh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT, David Portz/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 12/22/00

----- Forwarded by Tana Jones/HOU/ECT on 12/27/2000 12:28 PM -----

	Bradley Diebner
	12/22/2000 01:55 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron
		 cc:
		 Subject: EOL Credit Responses 12/22/00


I am compiling a list of Unify enhancements related to Texas operations for
Brenda.  Please provide me your lists by end of day today.  I am looking for
enhancements that are specific to Texas.  If you have any questions, please
call me @ 36373.  The major ones that I have are: The Transport Contracting
Process, Processing Hourly Transactions, Enhancing the Shipper Imbalance
Worksheet, Multiple Service Classes on the same contract, Consolidated UA4
Tracking, and any enhancements occuring from Project Torque.

Thanks,  MVE
---------------------- Forwarded by Michael Eiben/HOU/ECT on 05/01/2000 09:21
AM ---------------------------

	Enron North America Corp.

	From:  Brenda F Herod                           04/25/2000 12:05 PM

To: Steve Venturatos/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT
cc:
Subject: Unify/Sitara Enhancements

Please schedule a meeting with me to review the Enhancements lising - the
prioritizations and status.   I am interested in understanding the listing of
enhancements, the benefits of the enhancements, what is required of both User
and IT resources to complete the enhancements, who the resources are and the
status of completion.  It should cover all systems - Sitara, Unify (MOPS,
Volume Management and Settlements) and POPS.  Please include anyone else
(Management Team, IT, etc.) who is necessary to ensure thorough explanations.


We have received the following executed Master Agreement:

Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:  March 21, 2000

Enron Entity:  Enron North America Corp.

Counterparty:  The Tranzonic Companies

Transactions Covered: Approved for all products except:   weather, pulp and
paper, and foreign exchange.


Do any of you have any problems with keeping these trades as they are now that we've figured out what they are.  If not we'll just keep them as they were...
 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Tuesday, October 23, 2001 2:47 PM
To:	Jones, Tana
Cc:	Anderson, Diane; Bradford, William S.; Brackett, Debbie R.
Subject:	RE: Riskmantra vs. EGM

Tana,

These deals are purely for storage.  They used tagg to capture the value of storing the physical gas.  Pat Ryder in Risk Management put these deals in and has told me they are used for value and should be "Not to be Confirmed."  If you see no issue, I will simply change their status to "Not to be Confirmed."  If their status of being under EGM is still a problem, Pat said you could call him at 5-3313.

Thanks,

Patrick

 -----Original Message-----
From: 	Jones, Tana
Sent:	Friday, October 19, 2001 6:34 PM
To:	Bradford, William S.; Mulvany, Patrick; Brackett, Debbie R.
Cc:	Anderson, Diane; Moran, Tom
Subject:	RE: Riskmantra vs. EGM

Patrick,

Can we track down who/how these trades are getting entered into the system?  Is there someone entering the trades into the system?  Is this just an old counterparty/book set up in GCP that needs to get renamed.  Legal (me) has no idea why trades are being done out of EGM.  Can we find out who is doing them?

 -----Original Message-----
From: 	Bradford, William S.
Sent:	Friday, October 19, 2001 3:58 PM
To:	Mulvany, Patrick; Jones, Tana; Brackett, Debbie R.
Cc:	Anderson, Diane; Moran, Tom
Subject:	RE: Riskmantra vs. EGM

I think this refers to gas daily trades between Risk Management and Trade (which is an Enron entity set up for state tax reasons) and EGM (which may be a company code for Enron North America Corp. formerly known as Enron Gas Marketing, Inc.).  If this is the case, we should document them under the Master between ENA and RMT.  However, this is up to Legal.

Bill

 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Friday, October 19, 2001 3:48 PM
To:	Jones, Tana; Brackett, Debbie R.; Bradford, William S.
Cc:	Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

Here is a list of all the trades with EGM.

Thanks,

Patrick
Financial Confirmations
53877

 << File: export.csv >>

 -----Original Message-----
From: 	Jones, Tana
Sent:	Friday, October 19, 2001 12:36 PM
To:	Mulvany, Patrick; Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

I also got an email back from Bill Bradford, head of Credit that siad this doesn't make sense.  Maybe you need to prepare a print out of the trades and send to debbie, me & bill.
 -----Original Message-----
From: 	Brackett, Debbie R.
Sent:	Friday, October 19, 2001 9:28 AM
To:	Jones, Tana
Subject:	RE: Riskmantra vs. EGM

	No idea. EGM doesn't exist.

 -----Original Message-----
From: 	Jones, Tana
Sent:	Thursday, October 18, 2001 6:42 PM
To:	Brackett, Debbie R.; Bradford, William S.; Campbell, Lesli; Conwell, Wendy; Espinoza, Veronica; Johnson, Rudwell; Lebrocq, Wendi; Mendoza, Nidia; Moran, Tom; Ngo, Tracy; Radous, Paul; Rohauer, Tanya; Sacks, Edward; Vanek, Darren; Williams, Jason R (Credit)
Cc:	Mulvany, Patrick
Subject:	FW: Riskmantra vs. EGM

Does anyone in Credit know the answer to this question, as I don't?
 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Thursday, October 18, 2001 5:52 PM
To:	Jones, Tana
Cc:	Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

Tana,

I was just following about these trades.

 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Wednesday, October 10, 2001 5:36 PM
To:	Jones, Tana
Cc:	Anderson, Diane
Subject:	Riskmantra vs. EGM

Tana,

There are about 20-30 deals in pending sent to legal status that are Riskmantra vs. EGM.  My question is should we even be doing trades with Enron Gas Marketing.  And if we should, can we set up an ISDA with RMT with an effective date of 9/5/01?

Thanks,

Patrick


Ben,

Are any  of these the pieces that you are looking for?

Don
---------------------- Forwarded by Don Miller/HOU/ECT on 03/07/2000 04:54 PM
---------------------------

Buz Waddy <BWaddy@FI.RJF.com> on 03/07/2000 04:37:14 PM
To: "'Energy Enthusiasts'" <buzwaddy@att.net>
cc:
Subject: Power Research

Please find two research pieces that describe the power industry and the
impact of deregulaton.

>  <<IUTIL011000REPT.PDF>>  <<IUTIL010500RPT.PDF>>
>
> Diana Koch
> Raymond James & Associates
> 713-789-3551
>

 - IUTIL011000REPT.PDF
 - IUTIL010500RPT.PDF