Grid Lock Our energy transport system is horrible. Just the way many
utilities like it.
Forbes, 05/11/01

US Sen. Feinstein Urges Hearings On FERC 'Improprieties'
Dow Jones Energy Service, 05/11/01

U.S. Physical Gas Cash Prices Fall; No Load Weekend
Dow Jones Energy Service, 05/25/01

FOCUS Brazil real to remain pressured due to energy crisis/political concerns
AFX News, 05/25/01

Vice Pres Cheney Sees Wood As New FERC Chairman - NYT
Dow Jones Energy Service, 05/25/01

INDIA: Enron's woes make Indian power firms anxious.
Reuters English News Service, 05/25/01

Enron Unit's Sales, Costs Rise With Power Prices, Paper Says
Bloomberg, 05/25/01

India Enron Panel Lacks Authority to Solve Dispute, Expert Says
Bloomberg, 05/25/01

Companies People Ideas
Grid Lock Our energy transport system is horrible. Just the way many
utilities like it.
BY Daniel Fisher and Lynn Cook

06/11/2001
Forbes
080
Copyright 2001 Forbes Inc.

Our energy transport system is balkanized and horribly inefficient.
Unfortunately, many of the incumbent utilities want to keep it that way.
The Bush energy plan hits hard on increasing production. That alone won't
solve the nation's power crunch. "Supply is not the only issue," says
Michelle Michot Soss, director of the Energy Institute at the University of
Houston. "The issue is bottlenecks."
Some of these bottlenecks are political. A lot of them are created by
incumbent utilities that do not welcome competition.
Florida, for example, whose demand for electricity is growing at about 3.7% a
year, is a net importer of energy. It generates around 24% of its power in
aging oil-fired plants that should be replaced with more efficient
combined-cycle generators. These burn natural gas in a turbine and use the
hot exhaust gases to create steam, which spins a second turbine; they spew
out less particulate and consume about a third less energy.
So why doesn't Florida get efficient power plants? First, the state has only
one main gas pipeline, though others are working their way through the
regulatory process. More vexing is a state law, zealously defended by Florida
utilities, that bans outside competitors from building combined-cycle plants
larger than 75 megawatts--enough to juice 75,000 households--on the dubious
theory that they waste water. Duke Energy tried to challenge the law with a
500-megawatt plant in New Smyrna Beach. FPL Corp. (parent of Florida Power &
Light) fought the plant all the way to the Florida Supreme Court and won.
Florida's screwy power-plant law is just one example of the byzantine
regulations that stymie efforts to make the nation's energy grid more
efficient and prices more competitive. From laws that protect utilities
against more efficient rivals to outdated state regulations that discourage
the construction of transmission lines, these choke points either waste
energy or make it impossible for energy to get where it should go.
A series of state laws in the 1920s laid down the monopolies on grids. They
were codified in the Public Utility Holding Company Act of 1935, a populist
law that identified bigness with badness in the electricity business: To
avoid federal scrutiny and regulation, most utilities decided not to operate
outside their own state boundaries; rate setting fell to the states. But even
as wholesale electricity markets have been deregulated, utilities can still
bat away outsiders by reserving their own transmission lines for "native
load." This allows them to keep an open lane on the energy highway, as it
were, to rush electricity to certain customers when their demand suddenly
spikes.
In such areas as the Southeast, the owner of a transmission line has a pretty
free hand in calculating what its native load is. So Southern Co., which owns
utilities in Georgia and four neighboring states, can determine how much
power to let into its territory.
Southern Co. defends the rule, saying its primary job is ensuring customers
get all the power they need. "The marketers would like to schedule another
10,000 megawatts of power to go across our lines tomorrow," says William
Newman, a senior vice president. "It's not going to happen. The system wasn't
designed for it."
Enron disagrees. Utilization of its natural gas pipeline system increased 50%
in the five years after the gas market was deregulated. Steven Kean, head of
government regulations at the Houston-based giant, thinks similar gains are
possible in electricity if companies like Southern are forced to hand over
control of the grid to independent regional boards that will determine how to
allocate power flows and where to build new lines. The utilities "don't want
to accept the economically pure solution," he says. "Once utilities have been
adequately compensated for their stranded costs, then it's time for them to
shut up, sit in the corner and let the economists and lawyers work out the
details."
Lawyers and economists making decisions for us? That doesn't sound like
deregulation. But there is a case to be made for separating control of power
lines from control of other utility assets. Phillip G. Harris is chief
executive of PJM (it stood for Pennsylvania-Jersey-Maryland), a regional
power line organization. Since this independent system operator was formed in
April 1997 and six local utilities ceded control over transmission lines,
reliability has gone up and prices down, he says. Where Southern Co. will
only add transmission capacity if it has a firm contract in hand, PJM can
order lines to be built. Its member companies are spending $311 million over
the next three years on new lines to increase the flow from power-rich to
energy-poor areas.
Last May temperatures hit the highest levels since 1930 at the same time as
15,000 megawatts of PJM's 59,000 megawatts were out of service for
maintenance. As the peak load rose to 51,000 megawatts--7,000 more than was
available within PJM--power streamed in over a dozen entry points. Prices
topped out at $432 a megawatt hour. That's about four times what you are
probably paying for residential service, but it stands in contrast to spikes
in the thousands of dollars in California and the Midwest during similar
crises.
Unfortunately, what works inside PJM doesn't transfer to Los Angeles, much
less to Manhattan. Different rules regarding electricity transactions and a
shortage of transmission lines make it difficult to export electricity across
the Hudson River. When Hydro-Quebec tried to build a power line across Long
Island Sound in 1999, Connecticut nixed the idea. Ostensible reason: the
possibility of harm to oyster beds. Real reason: Folks in New Haven asked,
what's in it for us--and didn't see any clear benefit to them. There is,
unfortunately, no mechanism for buying off losers in these deals, such as
property owners near, but not under, the power line. So they hire lawyers and
talk solemnly about oysters.
California's bottleneck is on Path 15, a 500,000-volt transmission line that
links the northern and southern halves of the state. Path 15 can't
accommodate the flows of power needed when the weather is cool in San
Francisco and hot in L.A. But the legal and financial chaos in California,
with the state on the verge of taking over much of the transmission system,
discourages investors from backing an increase in capacity. "If we put in
good rules on how to operate transmission systems, you would see investment,"
says Lawrence Makovich, an analyst with Cambridge Energy Research Associates.
"The problem is right now there is no such plan."
Enron is trying to force the Federal Energy Regulatory Commission to take
charge, so far to little avail. In a case pending before the U.S. Supreme
Court, Enron accuses FERC of abdicating its responsibility to do for
interstate trading of electricity what it did for trading of gas.
But forcing FERC down that path will be difficult. Natural gas producers
needed interstate pipelines to get to big markets in the North, which needed
the gas. But incumbent (and politically connected) electric companies have no
such incentive to stimulate a national market in electricity. "There's not a
single incentive in the entire U.S. to relieve congestion," states Jeanine
Hull, president of Strategic Energy Advisors and a former power-company
lawyer. "Ask yourself this question: If you had a chance today to retain your
monopoly or compete, which would you choose?"

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

US Sen. Feinstein Urges Hearings On FERC 'Improprieties'

05/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- U.S. Sen. Dianne Feinstein, D-Calif., called Friday
for Senate hearings to investigate "possible improprieties" involving the
Federal Energy Regulatory Commission's relations with the industry it
regulates.
"Despite evidence of manipulation and price gouging in both the electricity
and natural gas markets in California and the West, and a finding by FERC
last November of 'unjust and unreasonable' (electricity) rates, the
commission has failed to take the actions necessary to bring reliability and
stability to the marketplace," Feinstein said in a letter to Sen. Joe
Lieberman, D-Conn., seeking hearings by the Senate Governmental Affairs
Committee.
Feinstein cited a report in The New York Times Friday in which FERC Chairman
Curt Hebert related a phone conversation with Ken Lay, chairman of Enron
Corp. (ENE). Hebert alleged that Lay offered to bring his influence to bear
with the Bush administration to maintain Hebert as chairman if the regulator
would adopt policy positions favored by Enron.
Hebert is quoted as saying he was "offended" by the conversation. Lay
disputed Hebert's account.
The Times article also quoted Vice President Dick Cheney as saying Texas
utility regulator Pat Wood has "got to be the next chairman of the FERC" to
address problems in electricity markets. Cheney's remark is slated for
broadcast by the public television program "Frontline."
"While Mr. Lay's account (of the conversation) differs, it is clear that the
citizens of the United States, especially the people of California, who are
suffering from FERC's failure to do its job, deserve an investigation and
full public hearing into what happened," Feinstein said in the letter to
Lieberman.
"FERC is a $175 million-a-year agency charged with regulating the energy
industry, and it would be unconscionable if any of the nation's electricity
traders or generators were in a position to be able to determine who chairs
or becomes a member of the commission," Feinstein wrote.
"Since FERC has refused to fulfill its legally mandated function under the
Federal Power Act to restore 'just and reasonable' electricity rates, we need
to ask whether undue influence by the companies that FERC regulates has
resulted in its failure to act," the letter said.
Feinstein seeks a broad investigation into FERC, and not just an airing of
the Lay-Hebert exchange, which Feinstein said she sees as an example of "a
definite problem," the senator's spokesman, Howard Gantman, said.
"There are very close relationships between FERC and the industry it
regulates. Some of those relationships could be improper," Gantman said.
Lieberman, who has requested that the General Accounting Office investigate
FERC's response to the California electricity crisis, will become chairman of
the Governmental Affairs Committee when Democrats assume the Senate majority
in about two weeks.
There was no immediate response from Lieberman's office regarding Feinstein's
letter.
-By Bryan Lee, Dow Jones Newswires, 202-862-6647, bryan.lee@dowjones.com

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

U.S. Physical Gas Cash Prices Fall; No Load Weekend

05/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- U.S. natural gas physical prices fell Friday ahead of a
no-load holiday weekend, widening considerably the differential to the New
York Mercantile Exchange futures board.
Traders saw storage buying providing the only hint of demand.
Also, several pipelines in Texas, along with El Paso's Tennessee Gas and PG&E
Citygate, held system-wide operational flow orders on the high inventory
resulting from storage. Those orders also sent prices downward, traders said.
Demand remains slight with only hints of sustained hot weather sighted in the
next two weeks,traders said.
With few demand fundamentals in place, traders saw few utilities in the
market.
The Nymex June futures contract settled at $3.973/MMBtu, down 8.1 cents, the
first time the front contract has fallen below $4/MMBtu in nearly 10 months.
Traders pointed to 17,000 option puts at $4/MMBtu supporting the June
contract. Options expired Friday; the June contract expires Tuesday after the
Memorial Day weekend. Traders expect a $3.80-$4/MMBtu range on Tuesday for
expiration.
Also, Enron Online will keep its trading boards open for the holiday.
Prices for the June contract are in the same range as they were a year ago,
when driving heat and competition for gas during May pushed prices upward.
At the benchmark Henry Hub in south Louisiana, prices were in a
$3.76-$3.90/MMBtu range, down 25 cents-35 cents.
Deals at Transcontinental Gas Pipe Line Station No. 65 were done at
$3.82-$3.94/MMBtu, down 25 cents-32 cents.
At the Arizona-California border, El Paso's prices fell $1.40-$2.55/MMBtu to
a $9.80-$11.50 closing range. Western electricity prices weakened again
Friday for the holiday, and traders said pipelines into California were
showing high inventories.
At the PG&E Citygate, prices fell $4.25-$5.50 to a $3.90-$4.40/MMBtu closing
range on the reported operational flow order.
Buyers paid $3.74-$3.90/MMBtu at the Katy hub in East Texas, down 23 cents-32
cents. At Waha in West Texas, buyers paid $3.59-$3.75, down 30 cents-39
cents.
-By John Edmiston, Dow Jones Newswires,713-547-9209;
john.edmiston@dowjones.com

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

FOCUS Brazil real to remain pressured due to energy crisis/political concerns

05/25/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

SAO PAULO (AFX) - The real is likely to remain under pressure in the
short-to-medium term due to concerns about the impact of the energy shortage
crisis on the economy and ongoing political worries, analysts said.
They said the energy shortage problems are scaring away direct foreign
investment, while political concerns ahead of the presidential elections next
year are expected to come much more to the forefront once the Argentine debt
swap operation is completed at the start of next month.
The real was at 2.3480 against the dollar in afternoon trade, down about 20
pct from the end of last year.
Analysts said the weakness of the real combined with a generally-accepted
slowdown in GDP growth as a result of the energy crisis has complicated the
task of the central bank's monetary policy committee Copom.
The Copom raised its base interbank Selic rate to 16.75 pct from 16.25 pct
earlier this week, in what was regarded by many analysts as a preventive move
against the inflationary impact of the real's depreciation.
In a recent report, Banco Santander Central Hispano SA said it has revised
its forecast for Brazil's 2001 GDP growth to 2.2 pct from 4.1 pct previously
due to the possible impact of the government's energy rationing plan.
BSCH said it is also cutting its 2002 GDP growth estimate to 3.0 pct from 4.5
pct previously.
BSCH also revised its forecast for the real's level against the dollar to
2.30 by end-2001 from 2.13.
"Argentina's problems and their effects on the flow of capital to Brazil...
added to energy rationing and stronger perceptions of political risk hinder a
significant appreciation of the real, although we consider a possible gradual
solution to the Argentine crisis," BSCH said.
Analysts said central bank intervention yesterday and today in the foreign
currency market in an effort to stem the real's depreciation is clear
evidence of the central bank's concerns about the local unit.
The central bank today sold 2.0 mln dollar linked-bonds maturing on March 14,
2002 after selling 1.0 mln dollar-linked bonds yesterday.
"We don't know how far the real will go. Everything points to a situation in
which the dollar will move to the 2.45 level against the real in the short
term and never return to the 2.0 level it was at at the start of the year,"
Brazilian Institute of the Economy (IBRE) director Renier Garcma said.
Direct foreign investment has slowed down this year as a result of the
concerns surrounding Brazil.
The government has already revised its estimate of direct foreign investment
in Brazil this year to 19 bln usd from 24 bln previously. Direct foreign
investment in the four months to April was 6.6 bln usd, about half the levels
posted a year earlier.
Enron Corp recently suspend investments of 600 mln usd in the Brazilian
energy sector, citing regulatory concerns, while the government decided to
postpone indefinitely the privatisation of Cia Energetica earlier this month
due to the energy crisis.
The minimum price for the sale of Cesp Parana was set at 1.7 bln reals, with
a number of foreign companies lined up to bid.
"Investors are shying away from carrying out operations in the country. The
energy crisis has had a disastrous impact on Brazil's image; the country risk
has risen and companies are opting for saver markets," IBRE's Garcma said.
Analysts said the energy crisis has strongly affected the image of President
Fernando Henrique Cardoso and has therefore strengthened the opposition's
position ahead of next year's presidential elections.
They said corruption allegations involving former and current senior
officials in the government and the alleged breach of vote secrecy rules at
the Senate resulting in proceedings for the dismissal of former Senate
chairman Antonio Carlos Magalhaes and senator Jose Roberto Arruda have
complicated the political scenario.
Yesterday, Senator Arruda resigned from the Senate, while a local TV news
channel reported Magalhaes will resign next week and attack Cardoso.
"The government seems to have lost direction," one analyst said.
Earlier this month, Congress rejected a petition presented by the left-wing
Workers Party (PT) to set up a joint Congress-Senate commission to
investigate corruption in the private and public sectors after 20
parliamentarians belonging to parties within the ruling coalition withdrew
their support for the motion.
Opposition deputy Aloizio Mercadante at the time said the PT was preparing
legal action against the government and the deputies who withdrew their
support for the petition, alleging they were offered financial incentives to
do so.
Analysts said fears remain that the opposition will attempt to revive the
corruption commission issue, further complicating the governability of the
country in an already delicate moment.
bl/cdo/lbc/as For more information and to contact AFX: www.afxnews.com and
www.afxpress.com

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

Vice Pres Cheney Sees Wood As New FERC Chairman - NYT

05/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- Vice President Richard Cheney expects Texas Public
Utilities Commission Chairman Pat Wood to become chairman of the Federal
Energy Regulatory Commission, according to Friday's New York Times.
In an interview for an upcoming episode of the PBS series Frontline, Cheney
says, "Pat Wood's got to be the new chairman of the FERC, and he'll have to
address" various problems in electricity markets, according to the Times
article, part of a joint effort with the Frontline program.
The article says current Republican FERC Chairman Curtis Hebert received a
call from Enron Corp. (ENE) Chairman Kenneth Lay this year prodding him to
back a national push for retail electricity competition and faster access to
the power transmission grid in exchange for Enron's support of Hebert in his
new job.
It quotes Hebert as saying, "I was offended."
Lay, one of President George W. Bush's largest campaign contributors,
provided the White House with a list of preferred candidates for FERC posts
and had access to the White House energy policy task force chaired by Cheney,
the article says.
Wednesday the Senate Energy and Natural Resources Committee approved Wood and
Nora Brownwell of the Pennsylvania Public Utilities Commission, Bush's
nominees to fill two empty seats on FERC's five-member board. The full Senate
has yet to approve them.
It would be up to the president whether to replace Hebert as chairman. In the
Times article, Hebert said no one has told him he would be replaced.
-By Campion Walsh, Dow Jones Newswires; 1-202-862-9291;
campion.walsh@dowjones.com

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

INDIA: Enron's woes make Indian power firms anxious.
By Himangshu Watts

05/25/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, May 25 (Reuters) - India's private power producers demanded on
Friday that the federal government intervene in Enron Corp's bitter row with
a local utility and state clearly if it wants the U.S. energy giant to stay
in India or quit.
"The government needs to decide whether we want Enron or not. In case they
don't want Enron, they should spell out the reasons for it," Harry Dhaul,
director-general of the Independent Power Producers' Association of India,
told Reuters.
But Federal Power Secretary A.K. Basu said Enron and the Maharashtra State
Electricity Board (MSEB) had to resolve their differences over the $2.9
billion project themselves.
"Basically the Maharashtra government and Dabhol have to sort it out," Basu
told reporters after a meeting with Wade Cline, the chief executive officer
of Enron India.
Basu stuck to the federal government's stand that it would help implement any
proposal emerging from negotiations between the Dabhol Power Co, 65-percent
owned by Enron, and the MSEB.
Dhaul said the fate of Dabhol, India's largest direct foreign investment and
biggest power project, would determine the future of domestic and foreign
private investment in power and other infrastructure projects.
"It is an important issue. It is a benchmark for all future infrastructure
investments of $1 billion plus."
On Thursday, Enron said the MSEB cancelled a disputed power-buying contract
just five days after the Houston-based energy firm moved to pull out of the
project.
WANT PRO-ACTIVE APPROACH
Dhaul said the federal government should intervene in the dispute between
Enron and the utility. "We want a pro-active approach in supporting
independent power producers."
Basu said the government had advised Enron to thrash out the matter with the
negotiation committee set up by the Maharashtra government. The committee is
due to meet on May 29.
Cline refused to answer questions from reporters and only said the company
would not renegotiate the power-buying contract on the basis of a committee
set up by the state government.
"We won't renegotiate on the basis of the Godbole Committee report," he said.
The committee, chaired by a former bureaucrat Madhavrao Godbole, has
suggested that the tariff be re-negotiated to make it cheaper and to remove
the dollar linkage which resulted in a steep increase each time the rupee
fell against the dollar.
Dabhol has come under fire because of the relatively high cost of its power.
Critics object to it charging 7.1 rupees per kilowatt hour versus 1.5 rupees
charged by other suppliers.
Dabhol Power Co is building India's largest power plant with a total capacity
of 2,184 MW.
The first phase of the $2.9-billion project with a capacity of 740 MW began
operating in May 1999. The second phase that will add 1,444 MW of capacity,
is expected to be completed this year.

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

Enron Unit's Sales, Costs Rise With Power Prices, Paper Says
2001-05-25 13:00 (New York)

     Portland, Oregon, May 25 (Bloomberg) -- Enron Corp.'s
Portland General Electric reported first-quarter earnings rose
10 percent as high electricity prices pushed up both sales and
costs for the Oregon power producer, the Oregonian reported.
     The company earned $43 million, the paper said. Revenue from
wholesale power sales was $480 million, three times the year-
earlier period, even as costs to buy electricity almost doubled.
     PGE's power plants produce less than half the electricity
needed to supply its 728,000 Oregon customers, forcing the company
to buy power on the same markets into which it sells, the paper
said. Dry weather is cutting hydropower resources, and easing
wholesale prices could make it more difficult for the company to
profit from power sales outside the state, the paper said.
     Edison International's Southern California Edison, which has
filed for bankruptcy, and two California agencies, one of which is
now defunct, owe the company $128 million, the paper said. The
company is pursuing collection, the paper said, citing Chief
Financial Officer James Piro.

India Enron Panel Lacks Authority to Solve Dispute, Expert Says
2001-05-25 07:16 (New York)

India Enron Panel Lacks Authority to Solve Dispute, Expert Says

     Mumbai, May 25 (Bloomberg) -- Indian negotiators lack the
authority to solve a dispute that has shut down Enron Corp.'s $3
billion power plant, India's single biggest foreign investment,
said a former member of the negotiating committee.
     The negotiators will meet Enron officials on Tuesday next
week, though any proposals made will not be binding on either
Dabhol Power Co., 65 percent owned by Enron, and the Maharashtra
State Electricity Board, the official said. Maharashtra, Dabhol's
sole customer, has refused to pay some of its power bills.
     ``Where is the guarantee Enron and the government will accept
what the committee recommends,'' said R.K. Pachauri, director-
general at the Tata Energy Research Institute, a research
organization. Pachauri said he quit the committee because it was
being asked to renegotiate the project, when it was set up to
solve the payment dispute.
     Maharashtra yesterday served Dabhol notice canceling the
power purchase contract, six days after Dabhol gave the board
notice it was set to pull out of the project in six months.
     The board has refused to pay Dabhol 3 billion rupees for
power supplied in December and January, saying the bills should
reflect a 4 billion rupee penalty it imposed on the company Jan.
28 for failing to supply power at full capacity.

                            Meeting

     Other India officials said the two parties can't afford not
to negotiate as there is too much at stake.
     Mahrashtra and Dabhol serving each other notices is ``simply
legal maneuvering,'' said Kirit Parikh, an economist on the prime
minister's economic advisory council.
     ``It won't affect the process of finding a solution because
``the ground reality is neither Enron nor Maharashtra can afford
not to find a compromise'' to the dispute, Parikh said.
     The government needs a solution as it could be left footing
the bill.
     India's federal and state governments, which have guaranteed
the board's payments for power and some of the loans to help fund
the project, may have to pay Dabhol more than 170 billion rupees
($3.6 billion) if it terminates the 2,184 megawatt power project.
     ``We are going back to Maharashtra tomorrow to work on the
problem.'' Dabhol managing director Wade Cline said. Cline was in
New Delhi to meet A. K. Basu, secretary to the ministry of power.


Steve, attached are portions(relating to regulatory matters) of the
descriptive materials  which are being pulled together in connection with
the monetization evaluation known as California. We are having difficulty
getting prompt responses from local counsel. Is there anyone in your group
who could review these excerpts for accuracy and fill in the bracketed
information? Thanks for the help. We obviously need it as quickly as
possible but in any event by the weekend.  Let me know one way or the other.
Joe

 - Transredes - excerpt.DOC
 - BBPL - excerpt.DOC
 - Strategic overview of natural gas distribution  - excerpt.DOC
 - Riogas  - excerpt.DOC
 - Gaspart - excerpt.DOC
 - Brazilian - Power Generation Overview  - excerpt.DOC
 - Cuiaba II - excerpt.DOC
 - Elektro - excerpt.DOC
 - 167111_1.doc


The answer is nothing.


Kendrich wanted me to let everyone know that he is having a Christmas
Party at his parents house in Cuero.
It is set for Sunday, December 23 at around 6:00 p.m.
Please spread the word!!!!!!!!
Snacks and Appetizers will be provided.
BYOB.

Benson


Hi Pete,

We may have a conference call with ABB on Wednesday.  Would you or Chris be
able to call in?

Thanks,

Kay

THANKS and Merry Christmas!

"Thompson, Peter J." <peterthompson@akllp.com> on 12/22/2000 03:49:28 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:

Subject: Happy Holidays

I spoke to Suzanne Adams earlier.  She said that she had all of the
documents and was inserting Exhibit H-2.  Hope the closings went well.
I will be taking a lap top with me and checking my voice mail at least
twice a day if you should need me.  I'll be back in the office on
January 3rd.  Have a fun time in Austin.


Tana,

Can you coordinate with David on the procedures?

Thanks,

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 05/02/2000
06:56 PM ---------------------------

David Forster
05/02/2000 06:56 PM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT
cc:

Subject: Re: EnronOnline Australian Power GTCs

David,

Thanks for the new GTC. We'll get things rolling at our end for the upload of
new GTC and customer profiles.

I think the ABN number might be better suited to the Registration form . . .

Dave

David Minns@ENRON_DEVELOPMENT
04/30/2000 10:32 PM
To: David Forster@ECT, Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Taylor@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: EnronOnline Australian Power GTCs

Attached is the revised GTCs that address taxation issues for non-Australian
resident counterparties. These GTCs have received tax clearance and hence all
approvals have now been given to allow them to be loaded. Enclosed also are
the procedures that need to be followed when new counterparties are being
considered. To date we have been vetting potential counteparties in the
Sydney office. I suggest that the procedures be made available to anyone else
who may be given this responsibility.

One new matter has come to light. In July 2000 with the introduction of GST
in Australia new legislative arrangements will come into place. They will
require businesses to have an "ABN". It has been suggested that we amend the
password application to request the counterparty's ABN.


Please see the attached summary.


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By E-mail: custom.news@wsj.dowjones.com

By Fax: 609-520-4775

We invite you to contact us for assistance with your folder or to have one
created for you by our expert staff. Help files also are available on Dow
Jones Interactive on the Web (http://www.djinteractive.com).

Again, welcome to Dow Jones CustomClips. Our goal is to be your first and
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with your comments or suggestions.

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Dow Jones & Company, Inc.
E-mail: tandrews@wsj.dowjones.com
_____________________________________________________________________

Copyright (c) 1999 Dow Jones & Company, Inc.  All Rights Reserved
 - agreement.txt


-----Original Message-----
From: 	"alan aronowitz" <aaronowitz@houston.rr.com>@ENRON
Sent:	Saturday, November  24, 2001 12:28 PM
To:	Murray, Julia; St. Clair, Carol
Subject:	Reply to your inquiry

Julia: Please see the attached.

Alan

 - Answers to Inquiries.doc


Don't even think you're getting out of this with the "for a while" crap.
Just for that you can add a star to the place we're going.

From: Margaret Allen@ENRON on 10/25/2000 01:34 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

Hum, while it would be very interesting to see how you act on a date I think
I'll have to pass.  My time could be spent in better ways (believe it or
not!).  The El Orbits did play at Satellite Lounge alot so I'm sure that's
where you've heard them or of them.

Since I wouldn't want to play second fiddle, we'll have to postpone it for a
while.  Have a good one, Margaret

	John Arnold@ECT
	10/25/2000 12:24 PM

		 To: Margaret Allen/Corp/Enron@ENRON
		 cc:
		 Subject: Re:

The el orbits, eh? i've heard of them but don't remember who they are.
there is a chance i've seen them at satellite i guess.

my, you are nosey.  i have a little date tonight.  wanna come along?

From: Margaret Allen@ENRON on 10/25/2000 09:06 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

Hum, as much as I would love to be insulted by you for several hours straight
tomorrow night, I have plans...actually, it's an Enron thing. A bunch of
people are going to the Continental Club to hear the El Orbits, which happens
to be my favorite band.  You should come.

What are your plans tonight, since I'm being nosey?!

Trade them up Johnny, Margarita

	John Arnold@ECT
	10/25/2000 07:34 AM

		 To: Margaret Allen/Corp/Enron@ENRON
		 cc:
		 Subject: Re:

Deathly afraid doesn't even come close to describing it.  Busy tonight.  How
bout tomorrow?

From: Margaret Allen@ENRON on 10/24/2000 06:25 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

Okay, since you are deathly afraid of being nice to me, now about we go to
grab a beer or dinner tomorrow night?  Does that work for you?


Mark,

I used the swap model to determine the present value of what the origination would have been.  I came up with $130,188.  Let me know if you need more details.

Thanks,

kim


Enron North America Corp.

	From:  David W Delainey                           07/10/2000 03:10 PM

Sent by: Kay Chapman
To: Janet R Dietrich/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Laura Luce/HOU/ECT@ECT, W David
Duran/HOU/ECT@ECT, Gil Muhl/Corp/Enron@ENRON, Bruce Sukaly/Corp/Enron@Enron,
Raymond Bowen/HOU/ECT@ECT, Billy Lemmons/Corp/Enron@ENRON, Don
Miller/HOU/ECT@ECT, Carl Tricoli/Corp/Enron@Enron, John J
Lavorato/Corp/Enron@Enron, Mark Frevert/NA/Enron@Enron
cc: Christy Chapman/HOU/ECT@ECT, Claudette Harvey/HOU/ECT@ect, Shelby
Malkemes/Corp/Enron@ENRON, Lynn Pikofsky/Corp/Enron@ENRON, Tina
Rode/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Maxine E
Levingston/Corp/Enron@Enron, Deana Fortine/Corp/Enron@ENRON, Kimberly
Hillis/HOU/ECT@ect, Nicki Daw/NA/Enron@Enron, Jennifer Burns/HOU/ECT@ECT
Subject: QBR East Midstream

Thank you for your prompt response.  I have arranged the following time and
date for the East Midstream QBR:

  Date:  August 16, 2000

  Time:  1:00 pm - 4:00 pm

  Location: 3321

  Topic:  East Midstream QBR

Please mark your calendar and plan to attend.

Thanks,

Kay 3-0643


Janet.  Attached is the best available for December.  I have split 3rd party
noms and HPL noms.

I'll be working on January today and forward it to you soon.


I just read the order.  My congratulations  to each of you as well.  Job well done.  Now hopefully the Commissioners will issue an order consistent with the judges decision.  We all needed some good news!  By the way Drew you should probably come up with a better description of your past experiences than "outhouse lawyer".

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Wednesday, October 24, 2001 5:51 PM
To:	'CMoore@akingump.com'; 'rnuschler@akingump.com'; 'fkelly@gbmdc.com'; 'sstojic@gbmdc.com'; Porter, Gregory J.; Pavlou, Maria
Cc:	Derrick Jr., James; Walls Jr., Rob; Horton, Stanley; McCarty, Danny; Harris, Steven
Subject:	Transwestern Decision

Frank, Steve, Charlie, Robin, Greg and Maria:  CONGRATULATIONS on an outstanding result!  I don't think I've ever in my days as an outhouse and inhouse lawyer worked with a team that was so cohesive and effective.  That you guys did it with a group pulled together  from two firms as well as in house lawyers is doubly impressive.  We appreciate the long hours and sacrifices you all made to get  this thing ready and try it in such a short time period.  Your timing is impeccable, as having a little good news about Enron out in the marketplace is sorely needed right now!  Thanks again guys!  DF


eSource presents Dow Jones Interactive training
Attend one of our Dow Jones Interactive Personalizing/Customizing DJI and
Custom Clips Clinics:

April 27   1:00 - 2:00 PM  EB564
     2:00 - 3:00 PM EB564
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have one, a guest ID will be provided.

Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations

http://esource.enron.com


Jane,

Thanks for the extremely well put together "talking points" for Tom Briggs.

Ashok

Jane Wilson
01/10/2001 04:57 PM
To: Tom Briggs@ECT, John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Ashok Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, K
Seethayya/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Akshay
Singh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Johan
Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjeev
Khandekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Mark Palmer@ENRON, John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Talking points on DPC

Attached please find the talking points on DPC to support your efforts in
Washington, D.C.


Kam,

Here's an example of the file we use to reconcile one book from the DPR to G/L.  If you need me to walk someone through this, just let me know.

thanks

Tracy Irvin
Enron North America
713-853-9158


Here is the latest LM 6000 model.  Let go through it this afternoon.  Thanks

Ben


Gerald, I added just one word in this agreement. We  are ready to go.
?
First thing monday, have these documents set up for  each counterparty..
i.e.? no reference to package 1 for pchc and  misako.? Have this amending
letter sent to each counterparty.?
?
We should be in a position to hedge on Monday  a.m...
?
Call me when you get in.
?
BT
 - Amendment to Kern Letter1.doc


Well the way things are going around here lately I may want to cut my losses with the Big E and take my skills elsewhere.  Know any good headhunters?  :-)

Kristin Gandy
Freight Markets
Enron Global Markets
1400 Smith Street ECS 3657
Houston, Texas  77002
713-853-7263
kristin.gandy@enron.com

>  -----Original Message-----
> From: 	Arnold, John
> Sent:	Wednesday, November 21, 2001 8:40 AM
> To:	Gandy, Kristin
> Subject:	RE:
>
> The reason I asked is, this sounds bad, but right now the
> cheaper you are the easier time I'll have finding you a job.
>
>  -----Original Message-----
> From: 	Gandy, Kristin
> Sent:	Wednesday, November 21, 2001 8:30 AM
> To:	Arnold, John
> Subject:	RE:
>
> John,
>
> Thanks for the note back.  My title is Specialist so I am the
> little man on the trading floor, but since I have been here I
> have been kicking ass.  I enjoy trading and really didn't get
> the chance to dig into it deep.  Anyway, take care and have a
> Happy Holiday.
>
> Kristin Gandy
> Freight Markets
> Enron Global Markets
> 1400 Smith Street ECS 3657
> Houston, Texas  77002
> 713-853-7263
> kristin.gandy@enron.com
>
> >  -----Original Message-----
> > From: 	Arnold, John
> > Sent:	Wednesday, November 21, 2001 7:25 AM
> > To:	Gandy, Kristin
> > Subject:	RE:
> >
> > Kristin:
> > Sorry for the delay.  Unfotunately I don't have any openings
> > in my group right now.  If I hear of any positions open I'll
> > give you a shout.  Can you remind me what title you have now.
> > John
> >
> >  -----Original Message-----
> > From: 	Gandy, Kristin
> > Sent:	Monday, November 19, 2001 9:00 AM
> > To:	Arnold, John
> > Subject:
> >
> > John,
> >
> > Hello and good Monday morning to you.  I briefly meet you
> > while talking to Paul Racicot on Friday at Front Porch Pub.
> > With Matt working here in Freight you probably already know
> > we are not well off these days.  Next on the chopping block
> > is never a good place to be.
> >
> > This is a forward question but what the hell.  I was
> > wondering if you knew of any positions available in your
> > area.  If you can believe it I am not ready to leave Enron
> > behind yet.  Thanks for your help.
> >
> > Regards,
> >
> > Kristin Gandy
> > Freight Markets
> > Enron Global Markets
> > 1400 Smith Street ECS 3657
> > Houston, Texas  77002
> > 713-853-7263
> > kristin.gandy@enron.com
> >


This is a reminder to join Ken Lay and Jeff Skilling at an All-Employee
Meeting at 10 a.m. (Houston time) this Wednesday, Feb. 21.  The meeting will
be held in Houston's Hyatt Regency Imperial Ballroom.  Ken and Jeff will
review Enron's year-end financial and operating results and discuss the
outlook for this year and beyond.

The meeting will be streamed live on IP-TV to employees in Houston, Omaha,
Portland (ENA), New York, Calgary, London, Stockholm, Frankfurt, Hamburg,
Amsterdam, Madrid, Toronto, Dublin, Ohio, and San Ramon and Costa Mesa in
Calif.  In addition, we will broadcast the meeting via video teleconference
to employees in Portland (EBS), Chicago, Tehachapi, Calif., Bogota, Sao
Paulo, Buenos Aires, San Juan, Warsaw, Chester, U.K., and Teesside (NEPCO).

To view the meeting on the IP-TV web site:

Direct your Internet browser to http://iptv.enron.com (Note:  You will not be
able to view the meeting on this site until 9:45 a.m. Houston time on Feb.
21).
Click the link for "Special Events."
Click the link for the All-Employee Meeting.

If you would like to ask a question via IP-TV during the meeting, you may do
so by clicking the hand icon at the bottom of the video frame.  Enter your
question in the box that appears and click to send it.  Ken and Jeff will
receive these questions during the meeting and address as many as time
permits during the Q&A session.

Employees based in Europe, Japan and Australia:  You will receive an e-mail
with more details on how to access the meeting and/or receive a videotape of
the meeting if you are located in a remote office with limited access to
IP-TV.

All other employees:  If you don't have access to IP-TV or, if you do, are
unable to attend or view the meeting, you can order a video by contacting
Courtney Votaw by e-mail or phone (713-853-9390).


Geriann -- thanks for the note and keeping me posted.
Please let me know if I can assist in these meetings in any way.

Jo Ann

 -----Original Message-----
From:  Warner, Geriann
Sent: Thursday, May 17, 2001 8:23 AM
To: Hill, Jo Ann
Subject: Jean Ryall

Just a note to let you know that Jean and I had a nice talk yesterday.  I
thnik now that the session is almost over, and things are calming down in
Austin, that she is going to get with Joe and I to discuss the department
goals and how we can work together more as a team.

She even called Joe yesterday just to talk and also to get his opinion on
setting up meetings, etc. during the summer.I really think things are on an
upward trend.

I t\Thought you would be interested in this piece of information .

Geriann


The Associate/Analyst recruiting program is looking for 15 volunteers from EGM to interview for the upcoming A/A Super Saturday. Jeff Shankman would like to encourage your participation, the information follows below.  Also, if there is anyone on your team who would like to participate or who hasn't in the past , please forward this email on to them.

Date: Saturday, November 3, 2001
Time: Interviews from 8:00am - 12:00pm, a decision making meeting will follow starting at 1:00pm (it should not last longer than 2 hours).

Please contact Tana Cashion at 3-6783 if you are interested.

Thank you,
Jennifer

Jennifer Burns
Executive Assistant to Jeff Shankman
Enron Global Markets, LLC


-----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Monday, January 28, 2002 3:12 PM
Subject:	January 2002 Cash Out Indices

January 28, 2002

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Cash Out Indices - January 2002

    FT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2975        2.2300     2.4700
  Zone 2                2.3069        2.1650     2.5075
  Zone 3                2.3163        2.0850     2.5450
  Zone 4                2.3292        2.0969     2.5589
  Zone 5                2.3864        2.1496     2.6206
  Zone 6                2.4327        2.1923     2.6705

    IT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2975        2.2300     2.4700
  Zone 2                2.3069        2.1650     2.5075
  Zone 3                2.3163        2.0850     2.5450
  Zone 4                2.3699        2.1376     2.5996
  Zone 5                2.5721        2.3353     2.8063
  Zone 6                2.7269        2.4865     2.9647

   FTG                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2975        2.2300     2.4700
  Zone 2                2.3069        2.1650     2.5075
  Zone 3                2.3163        2.0850     2.5450
  Zone 4                2.3970        2.1647     2.6267
  Zone 5                2.6959        2.4591     2.9301

                         AVG.          BUY        SELL
                        ------        ------     ------
  FTNT                  2.3225        2.0900     2.5500

For information concerning cash out transactions, please contact
Jane Yang at (713)215-3462.

Stella Yu
Manager - Rate Systems
(713)215-3381


DONE.  Thanks for the timely response!

Jesus

From:	Geoff Storey/ENRON@enronXgate on 05/31/2001 07:33 AM
To:	Jesus Guerra/HOU/EES@EES
cc:
Subject:	RE: NGI-Chicago Paper Offer Request

	NX1 +.14

 -----Original Message-----
From: 	Guerra, Jesus
Sent:	Thursday, May 31, 2001 7:25 AM
To:	Storey, Geoff
Subject:	NGI-Chicago Paper Offer Request

Geoff, Please provide your offer for the attached NGI-Chicago paper volumes.

 << File: NGI-CHI basis position 053101.xls >>

Thanks,
Jesus


----- Forwarded by Tana Jones/HOU/ECT on 01/25/2001 11:07 AM -----

	michael.mulligan@americas.bnpparibas.com
	01/25/2001 09:57 AM

		 To: Tana.Jones@enron.com
		 cc: darryn.light@bnpparibas.com, dominic.sheehan@americas.bnpparibas.com,
christopher.facenda@americas.bnpparibas.com
		 Subject: trading physical gas on the TRANSCO (London) pipeline system via
Enron Online

Dear Tana;

     Our trader/Darryn Light/BNP Paribas CIT, sitting in our London office  is
ready to start trading the above product with Enron Capital & Trade Resources
International Corp. (ECTRIC) London.
It is my understanding he would need ENRON ONLINE SYSTEM to do so.

     Is that corrrect?
     If so, do we go directly through Enron Houston to get the system placed
on
his computer or do we contact Enron personnel in London?
     Do we need to coordinate Enron London IT personnel with BNP
Paribas/London
IT personnel?
     Can you assist us with as much information as possible?

     We await your response accordingly. Thanks much. Kind regards

______________________________________________________________________________
_______________________________________________________

Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis
a l'intention exclusive de ses destinataires et sont confidentiels. Si vous
recevez ce message par erreur, merci de le detruire et d'en avertir
immediatement l'expediteur.

Toute utilisation de ce message non conforme a sa destination, toute
diffusion ou toute publication, totale ou partielle, est interdite, sauf
autorisation expresse.

L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS
(et ses filiales) decline(nt) toute responsabilite au titre de ce message,
dans l'hypothese ou il aurait ete modifie.

------------------------------------------------------------------------------
----
This message and any attachments (the "message") are intended solely for the
addressees and are confidential. If you receive this message in error, please
delete it and immediately notify the sender.

Any use not in accord with its purpose, any dissemination or disclosure,
either whole or partial, is prohibited except formal approval.

The internet can not guarantee the integrity of this message. BNP PARIBAS
(and its subsidiaries) shall (will) not therefore be liable for the message
if modified.
______________________________________________________________________________
_______________________________________________________


We need the hourly data.  If they do not release it OPG has a significant
advantage in a deregulating market.  Please push the issue.

John


Susan:  My fax numbers include:

 713/646-3490
 713/646-3393
 713/646-3491

	"Susan Hopkinson" <susan.hopkinson@lovells.com>
	10/24/2000 04:53 AM

		 To: <Sara.Shackleton@enron.com>
		 cc:
		 Subject: Re: Sara Shackleton/HOU/ECT is out of the office.

CONFIDENTIALITY This e-mail and any attachments are confidential
and may also be privileged. If you are not the named recipient,
please notify the sender immediately and do not disclose the
contents to another person, use it for any purpose, or store
or copy the information in any medium.
----------------------------------------------------------------

Sara
?
I have tried to send you the attached fax, however it is not  going through
to you so I am attaching it instead by email.
?
Do you have another fax number in case this happens  again?
Thanks
Susan

----------------------------------------------------------------
Lovells (the merged firm of Lovell White Durrant and
Boesebeck Droste, practising as Lovells Boesebeck Droste in
some jurisdictions) is an international law firm.

In the event of any technical difficulty with this email, please contact
the sender or the London Technology Department on +44 (0) 20 7296 2000.

 - Sara Shackleton ENRON_v1.DOC


mo value
---------------------- Forwarded by Mark Palmer/Corp/Enron on 03/31/2000
04:54 PM ---------------------------
MARGE NADASKY @
ECT
03/31/2000 11:37 AM

Sent by: Margaret A Nadasky@ECT
To: Mark Palmer/Corp/Enron@ENRON, "Monica Zalta" <MZalta@darcyww.com>,
DMicklewright@darcyww.com
cc:

Subject: Best Annual Report - see Enron mention

As you can see below, Barron's has listed Enron as one of the best Annual
Reports.

Marge

---------------------- Forwarded by Margaret A Nadasky/HOU/ECT on 03/31/2000
11:23 AM ---------------------------

Katrin Haux@ENRON_DEVELOPMENT
03/31/2000 10:51 AM
To: Kelly Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marge Nadasky@ECT,
Jeannie Mandelker@ECT
cc:
Subject: Best Annual Report - see Enron mention

FYI - Investor Relations magazine and BARRON'S, the Dow Jones Business and
Financial Weekly, named Enron the 2000 U.S. Award winner in the category
'Annual Reports'!

General Electric Wins Grand Prix for Best Overall Investor Relations

03/31/2000
PR Newswire
(Copyright (c) 2000, PR Newswire)

          - Investor Relations Magazine Recognizes Excellence in
        Corporate Investor Relations At Fifth-Annual U.S. Awards -

NEW YORK, March 31 /PRNewswire/ -- General Electric was recognized
for "Best Overall Investor Relations" by a mega-cap company at an awards
gala held in New York last night by Investor Relations magazine and
BARRON'S, the Dow Jones Business and Financial Weekly. The winners
were announced for the fifth-annual Investor Relations Magazine U.S.
Awards, which recognize excellence in investor relations among public
companies.

Winners were determined from a survey of over 1,800 U.S. portfolio
managers, securities analysts, and -- for the first time -- retail investors
who
are subscribers to Barron's Online. Respondents were asked to rate
companies and investor relations officers in 20 categories ranging from
management of disclosure to IR web sites. The survey was conducted for
Investor Relations by Erdos & Morgan, using lists supplied by The Carson
Group.

"Investor Relations Magazine is proud of our awards and the exhaustive
research that goes into them. They have quickly become known as the
worldwide barometer for investor relations practices," said Neil Stewart,
Investor Relations' Editor-in-Chief. "The need for strong communications
with investors in this ever-changing, fast-paced economy leads public
companies to rely more than ever on the expertise of investor relations
practitioners for the delivery of accurate financial information."

The winner of the BARRON'S Grand Prix Award for Best Overall Investor
Relations for companies with a market capitalization of over $30 billion was
General Electric.

Accepting the award on behalf of General Electric was investor relations
officer Mark Vachon. Also awarded the Grand Prix were Staples in the
large-cap category ($10-30 billion market cap), Exodus Communications in
the $2.5-10 billion range, and Calpine Corp. in the small-cap category.

A free, one-hour teleconference seminar at 12:00 p.m. EST will feature the
award winners discussing the recent investment community survey,
strategies and tactics from their winning IR programs, and forecasts of
industry developments on the horizon. Those interested should dial
800-475-0222, using 'cyberseminar' when prompted for the passcode. For
the accompanying Internet conference, log onto
http://www.emeetings.wcom.com/cyberseminar. Participants will be
prompted to enter 'CYBERSEMINAR' (all caps) for the seminar name and
passcode.

A webcast of the awards is available at
http://www.videonewswire.com/INVESTOR/033000.

  The Investor Relations magazine 2000 U.S. Award winners are:
  Grand Prix for Best Overall Investor Relations
  -- General Electric -Mega-cap
  -- Staples - Large-cap
  -- Exodus Communications - Mid-cap
  -- Lam Research - Small-cap
  Best Investor Relations Officer
  -- John Mahoney, Staples - Large-cap
  -- Jane Whaley, Exodus Communications -Mid-cap
  -- Rich Barraza, Calpine Corp. - Small-cap
  Best Annual Report
  --  Enron  - Large-cap
  -- Adobe Systems - Mid-cap
  -- IDEC Pharmaceuticals - Small-cap
  Best Management of Disclosure Policy
  -- United Technologies - Large-cap
  -- Delta Air Lines - Mid-cap
  -- BJ's Wholesale Club and Mercury Interactive - Small-cap
  Best Investment Community Meetings
  -- CVS Corp. - Large-cap
  -- Apache Corp. and Applied Micro Circuits - Mid-cap
  -- Lam Research - Small-cap
  Most Improved Investor Relations
  -- Texas Instruments - Mega-cap
  -- Xerox - Large-cap
  -- PeopleSoft - Mid-cap
  Best Communications with the Retail Market
  -- Microsoft -Mega-cap
  -- The Charles Schwab Corp. - Large-cap
  -- Alliance Pharmaceutical - Mid- and Small-cap
  Best Use of Conferencing
  -- Intel - Mega-cap
  -- Apple Computer - Large-cap
  -- Delta Air Lines - Mid-cap
  Best Investor Relations for an IPO
  -- Agilent Technologies
  Best IR Web Site
  -- Microsoft
  Best Corporate Advertising to the Investment Community
  -- IBM - Mega-cap
  Best Senior Management Communications
  -- Cardinal Health - Large-cap
  Best Use of Financial Media
  -- Applied Micro Circuits - Mid-cap
  Best Use of Technology
  -- Macromedia and Zebra Technologies - Small-cap
  Most Innovative Use of Technology for the Retail Market
  -- Microsoft
  Best Investor Relations in Contested Takeover
  -- Warner-Lambert
  Best Investor Relations in Friendly Takeover
  -- Tyco International
  Best European Company Investor Relations in the US Market
  -- Nokia
  Best Asia-Pacific Company Investor Relations in the US Market
  -- Sony
  Best Latin American Company Investor Relations in the US Market
  -- Telmex
  Lifetime Achievement Award in Investor Relations
  -- Lou Thompson, president & CEO, the National Investor Relations
     Institute

Published in New York and London by Cross-Border Publishing, Investor
Relations magazine is the only global publication focused on the interface
between companies and their investors. Investor Relations magazine hosts
annual awards ceremonies in the U.S., Canada, the U.K., continental
Europe and Australia.

Contact: /CONTACT: Jennifer Olegario of Fleishman-Hillard, Inc.,
212-453-2305, for Investor Relations/ 07:00 EST

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


that is fine.

 -----Original Message-----
From: 	Griffith, John
Sent:	Monday, October 22, 2001 5:20 PM
To:	Villarreal, Alexandra
Subject:

What time can you get off?  I think I will work until about 5:45 is that okay?

Thank you so much for doing this.  I really appreciate it.

Just to make sure you understand what you are doing for me, you are following me to my dealership and then giving me a ride home, my dealership is up by greenspoint mall, is that okay?


Hi Brent

Thanks for the verbal update.  Would appreciate an update re due diligence
from you guys on a weekly basis too.

Regards

Amita
---------------------- Forwarded by Amita Gosalia/LON/ECT on 29/09/2000 13:20
---------------------------

Justin Boyd
28/09/2000 18:48
To: Amita Gosalia/LON/ECT@ECT
cc: Robert Quick/LON/ECT@ECT, jonathan.marsh@linklaters.com

Subject: Foreign Counsel Update - 28 September 2000

Amita

Here it is.

Justin


Can you guys make a meeting on March 12 at 10am to discuss something with
above group? Rick


Please note that effective immediately, we will no longer be reporting p/l. This also means that at this point there is no need to flatten positions or do any type of deal entry. The risk group will continue to calculate books for credit purposes only.

If you have any questions please don't hesitate to ask,

John


Anita,

My standard sandwich. Tuna, mayo, tomato, swiss, lettuce on whole wheat.
OJuice

Thanks.

Vince

Anita DuPont@ENRON
12/04/2000 11:49 AM
To: Vince J Kaminski/HOU/ECT@ECT, Jeffrey Wilson/Enron Communications@Enron
Communications, Tom Dutta/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Transmission Roundtable Meeting

---------------------- Forwarded by Anita DuPont/NA/Enron on 12/04/2000 11:44
AM ---------------------------

Anita DuPont
11/27/2000 04:51 PM
To: Lance Cunningham/NA/Enron@ENRON, Robin Kittel/NA/Enron@Enron, Bill
Rust/HOU/ECT@ECT, Steve Walton/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Jeffrey
Wilson/Enron Communications@Enron Communications, Sevil
Yaman/Corp/Enron@Enron, Vasant Shanbhogue/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT,
Walter Coffer/HOU/ECT@ECT, vkamins@enron.com, Lloyd Will/HOU/ECT@ECT,
martin.lin@enron.com, Christi.l.nicolay@enron.com, patrick.hanse@enron.com,
George Hopley/HOU/ECT@ect
cc: Shirley Crenshaw/HOU/ECT@ECT

Subject: Transmission Roundtable Meeting

The meeting will be held on December 8, 2000 from 11:30 AM to 1:00 PM in
Conference Room EB 19C1.  Box lunches will be served.  Your choices are
listed below:

Salads: Roasted Chicken Cobb Salad, Grilled Chicken Caesar Salad, Classic
Chef Salad

Sandwiches: Turkey, Roast Beef, Ham, Chicken Salad, Tuna Salad or Club
Sandwich.  Served on homemade white or wheat bread

Please email your lunch choice to me by Monday, December 4, 2000.

Thanks and regards,

Anita DuPont


Attached is the form of NDA for distribution to your customer.

	Peter Feltman@ENRON COMMUNICATIONS
	01/02/2001 05:48 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mathis Conner/Enron Communications@Enron Communications, Leslie
Hansen/HOU/ECT@ECT
		 Subject: Bilateral NDA for A.W. Technologies, LLC

Tana,

I need a bilateral NDA for the following company:

A.W. Technologies, LLC
138 South Laskey Drive
Beverly Hills, California 90212

Contact: Dr. Alfred Wong
  President

Telephone: 310-550-7558
Facsimile: 310-470-1640

Please e-mail a completed NDA so that I may forward it to the company.

Please call me at X54482 if you have any further questions or comments.

Thanks,

Peter

Peter Feltman
Director
E-Market Services
Enron Net Works LLC
1400 Smith Street
Houston, Texas 77002

T: 713-345-4482
X: 713-646-8583
C: 713-594-4009


you didn't think it was funny.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/27/2000
11:32 AM ---------------------------

"Stephen stock" <stephen.stock@enron.com> on 11/26/2000 02:31:16 AM
To: vkamins@enron.com
cc:
Subject: 40th Birthday Party

[IMAGE]
?

You're invited to:
40th Birthday Party

Hosted by:
Stephen stock

To view the full invitation, click here!

[IMAGE]

*** NOTE *** : If you receive this using Lotus Notes mail, then check that MS
Internet Explorer is launched when you select a web link otherwise this
doesn't work too well.  Click on "office" at the bottom right of Notes,
select "Edit Current" and check that the Internet Browser is set to Microsoft
Internet Explorer

Use Evite to host your next get-together. It's easy, fun and 100% free

??????	 HAVING TROUBLE?

	If the "To view the full invitation, click here!" link above didn't take you
to your Invite, try double-clicking the link below (or copy and paste it into
your web browser's location bar and hit 'Enter'):
	http://www.evite.com/r?iid=QENMBBGLXWGDPJWBKVMZ&li=ic

	Still having trouble? Email support@evite.com
		??????
[IMAGE]

[IMAGE]


Please hold for me.  I will see you soon.  Mark


Market Participants:

There is one correction to the version mapping below.  April 4, 2001 should
be Version 4 minus Version 1.  This was one day when we had an overwrite
problem.  The version 1 for this day is what ties out to the original bill
and supplemental invoice.  The supplemental invoice consisted of changes on
4/4, 4/10, 4/11, 4/13, and 4/18 through 4/30.

If you have any questions, please contact your market representative at
518-356-6060.

----- Forwarded by Sean Powers/NYISO on 09/10/2001 08:33 AM -----

                    Sean Powers
                                         To:     $CUS_ALL_BILLUSERS, TIE List Server
                    09/08/2001           cc:
                    10:02 AM             Subject:     April 2001 Advisory Statement Mapping

Market Participants:

Please find attached the advisory statement mapping for the April 2001
Settlement
Adjustment Invoicing.  The versions are based on the current Settlement
Adjustment (SA1)
csv files minus the Supplemental Invoice csv files which were posted just
after the
original April 2001 billing.

(See attached file: April_2001_SA1_Version_Mapping.xls)

If you have anyquestions please contact your market
representative at 518-356-6060.

 - April_2001_SA1_Version_Mapping.xls


Steve -- Here is background for the Japan Public TV interview on Thursday
morning.  Per your request, I asked Nick and Mika for the information and got
this back from Mika on behalf of both.  It's a pretty comprehensive memo, and
I know you're busy, but it appears to be a lot of Japan perspective that you
could benefit from going in.

Vance

----- Forwarded by Vance Meyer/NA/Enron on 01/31/2001 08:10 AM -----

	Mika Watanabe
	01/31/2001 04:12 AM

		 To: Vance Meyer/NA/Enron@ENRON
		 cc: Nicholas O'Day/AP/Enron@Enron, Jackie Gentle/LON/ECT@ECT
		 Subject: NHK Interview Briefing

Vance,
I attached a briefing material for Steve which contained major soundbites,
key messages and some Japan-related issues that may be relevant for the NHK
interview. Some points in this material overlap with the Nikkei briefing
material which Nick gave to Steve two weeks ago. I have refrained from
including some bullet points on our activities in Japan, because Joseph Hirl,
Enron Japan President and CEO, did an interview with NHK yesterday for the
same program. NHK's interview with Steve would likely focus on California,
because many of its questions on Enron Japan's businesses here were answered
by Joe. NHK plans to combine Steve and Joe's interviews for the same program.
If you have any questions, please call me at 813-5219-4581 tomorrow morning
our time or Wednesday afternoon your time.

best regards,
Mika

From: Vance Meyer on 01/30/2001 05:14 PM CST
To: Nicholas O'Day/AP/Enron@Enron, Mika Watanabe/AP/Enron@Enron
cc:

Subject: URGENT REQUEST

Steve Kean will be interviewing with Japanese Public Television on Thursday
morning to complement the work that has already been done on this project in
Japan.  Steve is being asked to talk about deregulation, specifically the
lessons learned from the California crisis and how Japan might do it
differently.

Steve asked me to contact both of you regarding

Common messages being emphasized on the Japan end.
Any difficult issues to be aware of, such as biases the network might bring
to this topic or potentially unanticipated questions that we might encounter.
Also, Steve didn't ask for this, but it might be helpful if you could send a
few bullet points on our current activity, intentions and progress in Japan.

Thank you very much.  Again, I'll need it today (your time) if possible as
the interview is Thursday morning Houston time.

Vance Meyer
Director, Media Relations
713 345 4459


Sorry  to be so late:

Wayne

**************************************
Wayne E. Gresham
Enron North America Corp.
1400 Smith Street, Suite 3857
Houston, Texas 77002
(713) 853-1485 (T)
(713) 646-4842 (F)
**************************************
This email message is for the sole use of the intended recipient (s) and may
contain confidential and/or privileged information.  Any review, use,
disclosure or distribution by persons or entities other than the intended
recipient (s) is prohibited.  If you are not the intended recipient, please
contact the sender by reply and destroy all copies of the original message.


DOE and NARUC are hosting the North American Summit on Harmonizing Business
Practices in Energy Restructuring on November 29 to December 1 in Dallas.
More information is available at http://www.energymarkets.org.

Just a quick note to remind you that the early registration discount
deadline is Friday, October 27.  To register, go to
http://www.naruc.org/Meetings/NA_Summit/registration.htm.

Please forward this email to colleagues who may be interested in this event.

 - winmail.dat


Start Date: 10/16/01; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101604.txt

Error retrieving HourAhead price data - process continuing...


Mr. Burrow w/ B&G  has called regarding sales to ENA from his wells.  I have
provided him with a sample  of our Master Firm Purchase/Sale Agreement.
However he has indicated he would only be selling to us.   Do you want me to
proceed with this?  Please advise.

Thanks !

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


Scott,

 Here are my comments in regards to CRRA's technical questions.  FYI, Exhibit
A is simply going to be a photocopy of FCE's expected degradation curves.
Exhibit B is going to be a photocopy of FCE's expected water quality points.
The plan is to have ENA make comments and then send to Tony Leo for his sign
off and approval.

Mike,

 Could you please review my comments and let me know if any changes /
additions need to be made?

Kay,

 Could you please let me know how many cycles it takes before FCE's warranty
expires (please regard question #6)?

Stephen
x 33890


Brenda:

Please revise Part 1(a)(2) of the Other Changes section of the EEI Cover
Sheet as follows:  Section 1.53 is amended to (i) delete the phrase "at the
Delivery Point" from the second line, (ii) delete the phrase "at Seller,s
option" from the fifth line and replace it with the following: &absent a
sale8, and (iii) insert after the phrase &commercially reasonable manner8 in
the sixth line, the following phrase &; provided, however if the Seller is
unable after using commercially reasonable efforts to resell all or a portion
of the Product not received by Buyer, the Sales Price with respect to such
Product shall be deemed equal to zero (0)".

Note that the only change is the substitution of "not received" for "not
delivered" in the last line above.

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

To everyone else:  If you have EEI Cover Sheets under negotiation, please
note this change so that you can ensure that the Cover Sheet is modified
accordingly.  In the future, when anyone makes such a change to the Cover
Sheet, please notify the entire group so that we can all ensure that pending
EEI Masters reflect any updates.

Regards,

Leslie


This deal was not put in right.  The primary term of the contract goes out to
9/30/00.  There is no evergreen to the contract.  The deal will end when the
contract ends.  Therefore, I have taken the evergreen off, and added
September to it.

If you have any questions, let me know.

Julie

\

Daren J Farmer
09/13/2000 11:33 AM
To: Julie Meyers/HOU/ECT@ECT
cc: Aimee Lannou/HOU/ECT@ECT
Subject: Meter 6879 - Sept. 00

Julie,

Please review deal 133010.  The deal shows evergreen, but nothing rolled to
September.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 09/13/2000
11:30 AM ---------------------------
Aimee Lannou   09/13/2000 11:01 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 6879 - Sept. 00

Daren - can you get a deal set up for meter 6879 for Sept. 00?  There is flow
for day 1, it is a 16 day chart.  In Aug. there was a deal of 176 on deal #
133010 for Heatherloch Municipal Utility.  Please let me know if enter a
deal.  Thanks.

AL


Title: California in the Dark
URL: http://www20.cera.com/eprofile?u=35&m=2302

In a recent Washington Post op-ed piece, Dan Yergin and Larry Makovich
discuss the continued mess of California's electric power problems. Rather
than fixing the flaws, the current policies from Sacramento are moving
California down the road to an expensive public power setup and higher prices
for consumers and businesses. And the shortage is going to get worse this
summer.

**end**

Follow above URL for full report.

E-mail Category: Alert
CERA Knowledge Area(s): Global Energy,


----- Forwarded by Tana Jones/HOU/ECT on 09/29/2000 09:45 AM -----

	"Ross, Tracy " <TRACY.ROSS@ROYALBANK.COM>
	09/29/2000 08:15 AM

		 To: "'rick.borden@macleoddixon.com'" <rick.borden@macleoddixon.com>,
"'greg.johnston@enron.com'" <greg.johnston@enron.com>,
"'sara.shackleton@enron.com'" <sara.shackleton@enron.com>,
"'tana.jones@enron.com'" <tana.jones@enron.com>
		 cc:
		 Subject: Interest Rate Swap

Attached is the interest rate swap for those of you who did not receive it or
could not read it last night.

 <<interest rate confirm.doc>>

Tracy Ross, Counsel, Royal Bank of Canada
Phone: 416-974-5503; Fax: 416-974-2217
File -

This email may be privileged and confidential.?
Any dissemination or use of this information by a person other than the
intended recipient(s) is unauthorized.? If you receive this in error, please
advise me immediately.

 - interest rate confirm.doc


---------------------- Forwarded by Andrea Ring/HOU/ECT on 12/20/2000 03:00
PM ---------------------------

	From:  Karen D McIlvoy                           12/20/2000 02:20 PM

To: merenolan@mediaone.net
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: ughhh!!! don't lick that envelope

Yikes!
>
> If you lick your envelopes...You won't anymore!!!!!
> A woman was working in a post office in California, one day she licked
> the envelopes and postage stamps instead of using a sponge. That very
> day the lady cut her tongue on the envelope. A week later, she noticed
> an abnormal swelling of her tongue. She went to the doctor, and they
> found nothing wrong. Her tongue was not sore or anything.
>
> A couple of days later, her tongue started to swell more, and it began
> to get really sore, so sore, that she could not eat. She went back to
> the hospital, and demanded something be done. The doctor, took an
> x-ray of her tongue, and noticed a lump. He prepared her for minor
> surgery. When the doctor cut her tongue open, a live roach crawled
> out. There were roach eggs on the seal of the envelope. The egg was
> able to hatch inside of her tongue, because of her saliva. It was warm
> and moist...
>
> This is a true story reported on CNN Andy Hume wrote: Hey, I used to
> work in an envelope factory. You wouldn't believe the.....things that
> float around in those gum applicator trays. I haven't licked an
> envelope for years
>
>


I just wanted to let you know that the INTRA-TEXAS-GDL booked pulled in a
July fixed price gas daily position last night.  Maybe you could apply the
same logic that is used to pull this position to the Gas Daily books that are
not currently pulling in the fixed price gas daily positions.  The books that
had fixed price position for 6/26 that did not pull in are listed below.

BOOK ID  POST ID  JULY FIXED PRICE POSITION(in contracts)

GD-MARKET-GDL 819207   92.9

GD-CENTRAL-GDL 819212   263.3

GD-TEXAS-GDL 819657   (15.5)

If there is any more information that will help you develop the correct logic
please let me know.

Thanks,
Robin
x57478


t:  please print for me.  thanks.  mhc
---------------------- Forwarded by Michelle Cash/HOU/ECT on 07/14/2000 09:06
AM ---------------------------

	Enron North America Corp.

	From:  Felecia Acevedo @ ENRON                           06/20/2000 03:56 PM

To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Responses to Energy Operations Questions

Michelle,

Here is what I have prepared for those items that were assigned to me.   I
know you will have questions so if we need to get together tomorrow that is
fine and we can review the backup data.


I need some assistance getting these deals corrected in the system for the
weekend, so that I can get my errors clear.  I have tried to change the
counterparty, but I am not able.  Jackie is out again today, so, I will be
behind the proverbial 8-ball and would greatly appreciate your help clearing
these things up.

Deal ticket 468688 P-MGI is in system as HPLC purch.  The correct entity is
ENA IM Texas, ENA made the orig. Sale
Deal ticket 468110 D2D to deliver to Central desk at Humble is on ENA, These
tickets have always been HPLC and not ENA.

Please let me know if there is anything that I can do to speed the process.
I need to have all of my errors clean today.

Thank you,

Mary


yea, set up 1 for each

 -----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Thursday, January 03, 2002 10:26 AM
To:	Arnold, John
Subject:	New Books for NETCO

John,

I am setting up new books for NETCO.  Do you think I need to set up Crude, HO, & HU books?

Thanks-Errol


Below is the information regarding the meetings in Sacramento on Wed., May 9

Please have Greg go to our lobbyist's offices for the pre-meeting located at:

Scott & Hedy Govenar
Governmental Advocates
1127   11th Street
Suite 400
Sacramento, CA  95814

916-448-8240

11:00 am  Pre-meeting w/ Greg Whalley, Steve Kean, Jeff Dasovich, Sandi
McCubbin, possibly Richard Sanders,   possibly Michael Tribolet (via phone)

1:00 pm Mtg at Gov. Davis' office


Joseph,

It was a pleasure meeting you last week
at the conference.

Thanks for the materials regarding the Energy MBA program
at the University of Alberta that you sent me. I forwarded a copy
with my recommendation to Billy Lemmons who heads our
Analyst / Associate program.

Vince Kaminski


Kam - let me know if you still have problems with this book.

Thanks,
ST

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Tuesday, January 15, 2002 9:25 AM
To:	Trevino, Susan
Subject:	performance

Susan,

The performance book has been corrected by global counterparties.

Sorry to bother you.

KK


Dave,

The back office is having a hard time dealing with the $11 million dollars
that is to be recognized as transport expense by the west desk then recouped
from the Office of the Chairman.    Is your understanding that the West desk
will receive origination each month based on the schedule below.

 The Office of the Chairman agrees to grant origination to the Denver desk as
follows:

October 2000  $1,395,000
November 2000 $1,350,000
December 2000 $1,395,000
January 2001  $   669,600
February 2001  $   604,800
March 2001  $   669,600
April 2001  $   648,000
May 2001  $   669,600
June 2001  $   648,000
July 2001  $   669,600
August 2001  $   669,600
September 2001 $   648,000
October 2001  $   669,600
November 2001 $   648,000
December 2001 $   669,600

This schedule represents a demand charge payable to NBP Energy Pipelines by
the Denver desk.  The demand charge is $.18/MMBtu on 250,000 MMBtu/Day
(Oct-00 thru Dec-00) and 120,000 MMBtu/Day (Jan-01 thru Dec-01).  The ENA
Office of the Chairman has agreed to reimburse the west desk for this expense.

Let me know if you disagree.

Phillip


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lumber


Mike and Sally:

I wanted the 2 of you to be the first to know:

All 5 OU interns received offers!!!

(Since Michelle Terry is not scheduled to graduate until 12/01, she will have
an invitation to intern next summer)

Have a great day!

lexi
3-4585


FYI

 -----Original Message-----
From: 	"Ginny Feliciano" <gfeliciano@earthlink.net>@ENRON [mailto:IMCEANOTES-+22Ginny+20Feliciano+22+20+3Cgfeliciano+40earthlink+2Enet+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 28, 2001 3:40 PM
To:	Silvia Woodard; Paul Runci; Katrin Thomas; John A. Riggs; Kurt E. Yeager; Gregg Ward; Philip K. Verleger; Admiral Richard H. Truly; Susan Tomasky; Tsutomu Toichi; Susan F. Tierney; John A. Strom; Gerald M. Stokes; Kevin Stoffer; Edward M. Stern; Irwin M. Stelzer; Hoff Stauffer; Steven R. Spencer; Robert Smart; Bernie Schroeder; George A. Schreiber, Jr.; Robert N. Schock; James R. Schlesinger; Roger W. Sant; John W. Rowe; James E. Rogers; John F. Riordan; James Ragland; Frank J. Puzio; Tony Prophet; Robert Priddle; Michael Price; John B. Phillips; Robert Perciasepe; D. Louis Peoples; Robert Nordhaus; Walker Nolan; William A. Nitze; Kazutoshi Muramatsu; Ernest J. Moniz; Nancy C. Mohn; Callum McCarthy; Thomas R. Mason; Edward P. Martin; Jan W. Mares; James K. Malernee; S. David Freeman; Edwin Lupberger; Amory B. Lovins; Lynn LeMaster; Hoesung Lee; Lay, Kenneth; Lester Lave; Wilfrid L. Kohl; Soo Kyung Kim; Melanie Kenderdine; Paul L. Joskow; Ira H. Jolles; Frederick E. John; John Jimison; William W. Hogan; Robert A. Hefner, III; James K. Gray; Craig G. Goodman; Charles F. Goff, Jr.; Jerry D. Geist; Fritz Gautschi; Larry G. Garberding; Roger Gale; William Fulkerson; Stephen E. Frank; George Frampton; Juan Eibenschutz; Theodore R. Eck; Congressman John Dingell; Brian N. Dickie; William E. Dickenson; Etienne Deffarges; Wilfried Czernie; Loren C. Cox; Anne Cleary; Bernard H. Cherry; Red Cavaney; Ralph Cavanagh; Thomas R. Casten; Peter Bradford; Peter D. Blair; Ellen Berman; Roger A. Berliner; Michael L. Beatty; Vicky A. Bailey; Merribel S. Ayres; Catherine G. Abbott
Subject:	Energy Deregulation - California State Auditor Report

Attached is my report prepared on behalf of the  California State Auditor.

I look forward to seeing you at The Aspen  Institute Energy Policy Forum.

Charles J. Cicchetti
Pacific Economics Group, LLC

 - ca report new.pdf


and mo....i don't need to ski, or be active, or be entertained...

if you have some time off and you just want a shoulder...i can be on a plane whenever.


Per Lotus Notes it appears that the above counterparty was acquired by Duke.
I have sitting in my files the originals of both theirs and our guarantees.
Do we want to keep these in place, mutually cancel them or what?  We sent
execution documents to the counterparty and never heard back and put it on
the inactive status.


Marie:

Thank you for getting this to me so quickly (NOT!!!!!!)

T R A C T A B EL

Marcus

 -----Original Message-----
From: 	Heard, Marie
Sent:	Wednesday, November 14, 2001 5:24 PM
To:	Nettelton, Marcus
Subject:	Master Netting Agreement
Importance:	High

Marcus:

Attached are the form Master Netting Agreement, together with the Credit Support Annex.

Thank you for waiting so patiently (NOT!!!!!) for this.

Marie

		 << File: Master Netting & Security Agmnt 10 h a v1.doc >> 	 << File: Master Netting Agreement Credit Support Annex 10 d.doc >> 	 << File: Master Netting User Notes a.doc >>


Hi Ben,

Janet has requested that we set you up with signature authority for
development documents.  How do you want you name to read on the corporate
documents?

Thanks,

Kay


This request has been pending your approval for  8 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000079466&Page=Approval to review and act upon this request.

Request ID          : 000000000079466
Request Create Date : 12/17/01 4:09:11 PM
Requested For       : rodney.malcolm@enron.com
Resource Name       : eConnect - VPN  Tier 2 - Full Access
Resource Type       : Applications


Dear Traders,

 I spoke with Don at Public Service Company of New Mexico again today regarding the Schedule 9 Loss Compensation Service charges.  He re-confirmed that the market price that is part of the Schedule 9 equation (Loss Compensation Service = # MW wheeled x market price x 3%) is a market price that he obtains from his marketers.  I re-confirmed that his 'marketers' are his traders, though I do not know whether these are Long Term, Cash, or Real-Time Traders.

 He is going to talk to his traders to find out where this price came from.  I brought up the point that there has been a price cap of $91.87 in the west and asked that he bring that point forward in his discussions.

 He should respond to me on Monday 8-20-01, on which day the bill is due.

 I will keep you posted on my findings.

  Virginia


Please see the attached update on RTO and other regulatory proceedings.
If you have questions or need further information, please contact either Christi Nicolay or me.
Susan Lindberg
x30596


Just to remind you about the VNG meeting .


Well, yep, I am still alive, I still exist here in LA. This hasn't been
easy, it's not easy, but it hasn't killed me, just given me a recurring
chest cold. It seems that it's only really hard to breathe on the days when
I have something pretty big and pressing to do, like the day before actually
getting the truck, or today when I had to go to Aquent to get tested on my
computer skills, and then wanted to go apply for jobs at 12 different
photo-related businesses (which I didn't do). But on the days that I allow
myself to have fun, it is great.

Last week on Monday I went to Point Dume beach w/ Mark Allen and his friend
Elyse, and we had a great time. Of course the water and the day were way too
cold to go swimming, but we hiked up a cliff overhanging the water, where
surfers were trying to catch the 9-15 foot waves. I got pictures of them,
and photo'd Mark and Elyse walking through the crazy daisies that grow
bushlike out of the top of 2.5' sticks in the sand. Then on Sat., I went
hiking by myself in Griffith Park, which is literally up the street from our
house. Griffith Park is a big park in the Hollywood Hills, maybe (I'm not
sure) where the Hollywood sign is. Sort of a California version of Central
Park, with mountains and a whole lot more wild. (From our apartment, we can
see the "lly" and "d" of the Hollywood sign, mostly obscured by palm trees.)
So I was walking along this dirt fire road, amazed at the solitude and
immensity of the nature, my head being buzzed by an annoyed bee or
something, when I turned a corner and saw a huge chunk of LA in front of me.
I'm still too new here to be able to know exactly what I was looking at, but
way in the distance I could see jets taking off from LAX, I think. Closer
was Hollywood, where I live. There were some tall buildings that I think
were the Melrose area, and way in the distance, I could see these buildings
that were backlit from the light reflecting off the ocean. The Ocean. The
Pacific. I could see the PACIFIC from the MOUNTAINS by my house. It is
amazing. Okay, maybe they're technically hills, since I could walk up them
following the trails, but they are definitely mountains to me. Besides, you
can practically walk up Everest, w/ oxygen.
We've gone to art openings, had fun there, gone to parties, had fun there,
too. Can't find really good, really cheap beer here like Pearl, yet, but
I'll keep trying. The Food for Less has a twenty-pack of Budweiser for
$9.98, just 50? a beer. Went to two music shows this last week, at two
different places, and was able to bring my camera in, no problem.
I still haven't processed any film here yet, still way too broke to do it.
I've got about 18 or 19 rolls shot so far, some of it from before I left
Houston. I'll probably process the film even though I "can't afford it", cuz
I'm thinking I might be able to use some of the photos in my portfolio,
which I can use to make me some big money. Gotta spend money to make it,
gotta believe it's worth it, cuz it is. It's easy to believe in my head,
but's harder to get off the couch. I'm still trying to get the guts to go
through all my photos and put together my portfolio. I was out today, had
just filled out a simple application at a camera store (my first), when I
realized I was carrying around my graphics portfolio, and none of my photos.
So I bought some ice cream and came home.
I miss you guys. Tell me how you are. Write to me, email me, call me.
Instant message me, even. Jody is not enough for me, I need other friends.
Remember that I'm two hours behind you, and I stay up really late, so you
can call me at 4am there and I'm still not even home from the bar yet. I
expect every single one of you to move out here one day. Don't forget about
me when I make it big.

Here's my contact info:
Al Herrmann
1811 Tamarind Ave., #315
Hollywood, CA 90028
(323) 461-0326

xoxoxox,
Al Herrmann
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


---------------------- Forwarded by Curtis Smith/HOU/ECT on 06/16/2000 04:57
PM ---------------------------
From: Curtis Smith on 06/16/2000 04:54 PM
To: Curtis Smith, Jeremy Wong/HOU/ECT@ECT
cc:
Subject: TAGG IQ reports menu.

If you are having trouble with TAGG IQ reports do the following.

1. Click Start/Settings/Control Panel
  Double Click the ODBC icon.

2. Under the User DSN tab if there is an entry for TAGGReportt, select it and
then click the Remove button.

3. Click Add.  Double Click Oracle73.
 In the three boxes enter the three following values:

  TAGGReport
  Test
  tns:ermt_ded

 Click the OK.

4. Click the OK button again on the ODBC window.

That's it.  Rerun the report.


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

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

Crude     http://www.carrfut.com/research/Energy1/crude.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


eSource presents free Dow Jones Interactive training

Introduction to Dow Jones Interactive
Learn about the content available through Dow Jones Interactive, and how to
quickly put it to work for you. Including setting up your own custom clips
and monitoring topics of interest to you.

June. 8   9:00 - 10:00 AM  EB560

Advanced
Learn how to be more efficient on Dow Jones Interactive.  Put some power
tools to work for you.  Learn how to employ codes, use search history, and
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   June. 8   10:00 - 11:00 AM  EB560
  June. 8     11:00 - 12:00 AM  EB560

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at
5-7928

? No Shows will be charged $50.00

Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations

http://esource.enron.com


here is the information.

Make check payable to Auburn University Foundation, with a note or in memo
that the gift is for a memorial for Dr. W.H. Burgess.  Mail the check to
Auburn University
c/o Sam Hendrix, Director of Development Vet. School
317 South College Street
Auburn University, AL 36849

Thanks so much for your kindness, support and generosity.
PL


I'm ok assuming we have the posting verification data-  MK

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Tuesday, November 20, 2001 3:20 PM
To:	Harris, Steven; Watson, Kimberly; Lokey, Teb; Kilmer III, Robert; Hartsoe, Joe; Miller, Mary Kay; Donoho, Lindy; Lohman, TK
Cc:	Porter, Gregory J.; Pavlou, Maria
Subject:	Transwestern Response To CPUC Protest/ Docket No. RP97-288-017

Attached is a revised version of TW's response to the CPUC's protest. This version reflects comments received from Teb, Mary Kay, Greg and Maria. I apologize that the attachment is not red-lined. I'm having computer problems and have not been able to generate a red-lined version that accurately tracks the changes.

 << File: RP97-288 AnswerindC.doc >>


ATTACHED FOR YOUR REVIEW AND COMMENT ARE DRAFT COMMENTS TO BE FILED AT FERC ON MONDAY BY WPTF IN SUPPORT OF THE MIRANT/RELIANT COMPLAINT.

I would appreciate receiving any comments by Monday morning.  Sorry for the short turn-around time.

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com <mailto:douglass@energyattorney.com>


okay, I will let you know.

Thanks

 -----Original Message-----
From: 	Vela, Valerie
Sent:	Wednesday, November 07, 2001 1:05 PM
To:	Mims, Patrice L.
Subject:	Heartland Steel

Hi Patrice,

Just let me know when you'd like me to come down.

Thanks!

Valerie Vela
Specialist, Gas Settlements
Enron Net Works LLC
t: 713.345.8749
f: 713.646.8420


----- Forwarded by Susan J Mara/NA/Enron on 12/05/2000 04:43 PM -----

	"Counihan, Rick" <rick.counihan@greenmountain.com>
	12/02/2000 02:40 PM

		 To: "'ARM List Serve'" <Arm@phaser.com>
		 cc:
		 Subject: FW: RAP 1999 - - ARM's Comments in response to Edison Motion to S
ever

BRAVO!!!!

-----Original Message-----
From: Dan Douglass [mailto:douglass@earthlink.net]
Sent: Friday, December 01, 2000 6:07 PM
To: Archer, Anthony V
Cc: 'kmccrea@sablaw.com'; 'defrawis@efaches.navfac.navy.mil';
'rcsstl@cdmnet.com'; 'mbrubaker@consultbai.com';
'napedersen@jonesday.com'; 'athomas@newenergy.com'; 'lgurick@calpx.com';
'foxba@sce.com'; 'shotwejp@sce.com'; 'mshames@ucan.org';
'jparrott@sempra.com'; 'furutanj@efawest.navfac.navy.mil';
'mdjoseph@adamsbroadwell.com'; 'jur@cpuc.ca.gov';
'bfinkelstein@turn.org'; 'dgrueneich@gralegal.com'; 'saw@jmbm.com';
'jlkm@pge.com'; 'phanschen@mofo.com'; 'rschmidt@bartlewells.com';
'eke@aelaw.com'; 'rick.counihan@greenmountain.com';
'ssmyers@hooked.net'; 'wbooth@booth-law.com'; 'mgomez1@bart.gov';
'andrew.madden@utility.com'; 'dmarcus@slip.net';
'brbarkovich@earthlink.net'; 'berry@apx.com'; 'bill@jbsenergy.com';
'jweil@aglet.org'; 'abb@eslawfirm.com'; 'dkk@eslawfirm.com';
'jdh@eslawfirm.com'; 'pstohr@dbsr.com'; 'rliebert@cfbf.com';
'aorchar@smud.org'; 'mpa@aelaw.com'; 'dws@keywaycorp.com';
'fosterbc@sce.com'; 'rrh3@pge.com'; 'aod@newsdata.com';
'rbw@mrwassoc.com'; 'blaising@braunlegal.com';
'ccastagnoli@hesinet.com'; 'karen@klindh.com'; 'mer@cpuc.ca.gov';
'adf@cpuc.ca.gov'; 'cmw@cpuc.ca.gov'; 'cjb@cpuc.ca.gov';
'jeh@cpuc.ca.gov'; 'kth@cpuc.ca.gov'; 'meb@cpuc.ca.gov';
'rab@cpuc.ca.gov'; 'Slayman@energy.state.ca.us'; Fox, Beth; Chadsey,
Linda; Shotwell, J; Monalisa, Dina; Klein, Paul; Leoni, Nanette;
Goddard, JoAnn; Hunter, Tonya D
Subject: Re: RAP 1999 - - ARM's Comments in response to Edison Motion to
Sever

Attached are the comments of the Alliance for Retail Markets which were
filed today in opposition to the
November 29th motion of Southern California Edison to sever the PX Credit
issue from the pending decision
in the 1999 RAP proceeding.

Dan Douglass
Arter & Hadden LLP
Counsel for ARM

 - Comments on Edison Motion to Sever - Final.doc