Jerry Scarbrough's True Orange
The newsletter for the true Texas Longhorn faithful

Volume 11, No. 16, April 23, 2001

True Orange Crystal Ball Shows 2001 Season
Will Be Longhorns' Break-Through Year

My crystal ball was a little faulty last year because it didn't show TE Bo
Scaife going down for the season in the first pre-season practice.
Without that important piece of data, I predicted the Longhorns would win at
least 10 regular season games.
They won nine without Scaife and I think they would have won 10 with him
because the Stanford loss came before the great freshmen wide receivers
became the go-to guys on the team.
I'm more confident this year because the Longhorns are deeper and even more
talented than they were last season, so I'm going to go way out on a limb and
predict the 2001 season will be remembered as the one we all will recall as
the Horns' "break-through" year.
By that, I mean I think they will break into the top 10 and stay there for
years and years.
Since the Longhorns haven't finished in the top 10 since 1982, that sounds
like a tall order for this team.
This will be coach Mack Brown's fourth team at Texas and it should be his
best one by far.
His fourth recruiting class will enroll in September, and it will be his
third straight great one. that means the first group of great recruits will
be starting their third years. They will be juniors or redshirt sophomores.
The third year normally is one when players who have been able to play at a
high level at times learn how to play at a high level consistently.
This team will have some flaws, but every team has flaws. The great teams
simply have enough great players to win in spite of their flaws.
The Longhorns have offensive weapons that are almost off the chart. With a
healthy Scaife, who is that rarity at TE ) a swift, sure-handed guy who can
turn a six-yard pass into an 80-yard score ) to go along with
sophomores-to-be Roy Williams and B. J. Johnson, who broke every Longhorn
freshman receiving record last year.
When a team has an awesome tight end, and Scaife is one of those, with
sophomore Brock Edwards not too far behind, it creates match-up problems for
any defense.
Linebackers normally cover tight ends, and good tight ends, even one who
aren't really fast, usually win those matchups. Fast tight ends who can catch
in a crowd usually draw coverage from a safety.
But then Williams and Johnson create problems because Williams almost always
draws double coverage and Johnson is a huge threat to go all the way if one
safety is worrying about Scaife and the other one is helping out on Williams.
QB Chris Simms seems to be developing into the great player he was expected
to be after all the recruiting services tabbed him as the No. 1 prospect in
the country when he was a senior in high school.
The obvious solution for a defensive coordinator would be to play five or six
defensive backs most of the time or to go to a zone defense.
But Brown says the Horns will be a better running team than they have been
since Ricky Williams departed, and a more experienced line and a bigger
tailback should make that happen.
Hodges Mitchell was a great little tailback, but this offense is designed
primarily to pass or run between the tackles.
When you want to run between the tackles, it helps to have a big, powerful
tailback.
The tailback this season, whether it is one of the returnees or heralded
recruit Cedric Benson, will be bigger and more powerful than Mitchell.
The line was a good pass-blocking unit last year, and with four of the five
guys back, it should be much better this year.
The only big question about the offense will be one of consistency. When
Simms, who shared time with Major Applewhite last season, was at the helm,
the team often had long, long dry spells.
In the 43-17 victory over Texas A&M, for example, what most people remember
is the Longhorns' four-touchdown explosion in the third quarter.
But I remember being scared silly at the half because the offense had made
only one first down in the entire half and the defense was showing signs of
tiring because of all those 3-and-outs.
And that was not an unusual happening. In the bowl loss to Oregon, Simms took
the Longhorns on long back-to-back scoring drives in the second quarter, but
the Horns generated little offense in the first and third quarters.
I could cite other examples, because there are plenty to cite, but Simms is a
year older and wiser and so are the receivers, who performed better last
season than any of us have a right to expect true freshmen to perform.
A bigger, stronger tailback also will be able to pick up more of those
third-and-short downs than the team did last year.
Defensively, eight starters return from an outstanding unit.
The Longhorns lost two great defensive tackles, but the power teams in the
Southern Division of the Big 12 rely a lot more on the pass than they do on
the run, and the tackles UT will play this year are quicker and might supply
a better pass rush.
Defensive coordinator Carl Reese also made several position changes in the
spring that are certain to generate a better pass rush.
If you remember the Oregon game, the Ducks used quick, undersized linemen to
harass Simms and it worked remarkably well most of the time.
With former DE Maurice Gordon now a super quick DT, and former OLB O. J.
McClintock now a super quick DE, look for the Longhorns to be a much better
pass rushing team in 2001.
I do worry a lot about the Horns' place-kicking, but the coaches are bringing
in several walk-ons and, hopefully, one of them can kick off into the end
zone and make most of the 40-yard field goals.
Even if the kicking problems aren't solved, this is a team with enough
weapons, offensively and defensively, to be a top 10 team.
No one in the college ranks will be better or deeper at the receiving
positions, particularly when the tight ends are added to the mix, and few
teams will have better defensive secondaries.
The offensive line will be one of the best pass-blocking lines in the Big 12,
and the defensive line, despite having two new tackles, also will be one of
the league's best.
Here's the way I see the Big 12 South race winding up, and, briefly, why I
place each team at its particular spot:
1. Texas - Too many big play guys for the other teams to stop.
2. Oklahoma - Defending national champs could do it again if they can find
another great QB.
3. Texas Tech - Big passing game too tough for everyone in South but Texas
and Oklahoma.
4. Texas A&M - Even R. C. Slocum says the Ags "will not dazzle anyone with
talent."
5. Oklahoma State - Team has too many holes and too tough a schedule to do
any better.
6. Baylor - Bears still find Big 12 a tough row to hoe with little offense
and overworked defense.
Nebraska should win the North, mainly because the Huskers host the big game
with Kansas State.
The Southern Division teams have beaten the North three times in the five
championship games and I think Texas or Oklahoma will make it four this year.
The  South is a lot stronger than the folks ) and particularly the pundits )
in the North think, and it's getting stronger every year.

900 Number Updated Frequently

I update my 900 number at least twice a week with football and football
recruiting news. The number is 1-900-288-8839. It costs $1.59 a minute. You
must be 18 or older to call.

UT Starts Another Great Recruiting Year with First Pledge

The Longhorns have three great recruiting classes in succession, and they
made a good start on a fourth earlier this month when outstanding Brownwood
junior OL Bret Valdez. 6-4, 310, 5.1, confirmed he has committed to the UT
coaches.
Valdez, one of the state's great run blockers, said he went to the UT spring
game March 31 and really liked what he saw.
He said the Texas coaches offered him a scholarship  at the spring game.
"They told me I was the first offensive lineman they have offered this year"
he said, adding that he went home and talked to his parents about it and
decided he wanted to be a Longhorn.
He said he came to Austin the weekend after the spring game and  competed in
the Texas Relays, throwing the shot and discus.
" After I was through competing," he said, "I went over to the coaches'
offices and talked to coach (Mack) Brown and coaches (Tim) Nunez and (Mike)
Tolleson and told them I was ready to commit. I'm really excited about being
a Longhorn."
He said he also was being recruited by about 20 other schools including
Florida State, Texas A&M, Oklahoma, Alabama and Notre Dame.
"The first time they can come see us is in May and Florida State, A&M, OU,
Notre Dame and Alabama coaches had all told my coach they were going to come
down and see me then."
But he said they need to change their travel plans because he is firmly
committed to the Longhorns and will tell any other coaches who contact him
that he is a future Longhorn.
"Texas has really been recruiting well every year and I think they have a
great shot at winning a national championship in the next year or two," he
said. "I like the way they emphasize academics, too."
"I think I'll have a good chance to start after a redshirt year," he said.
The Longhorns probably will sign only three offensive line prospects next
February, and the coaches have not offered scholarships to any other
offensive line prospects I have been talking to, so they must consider Valdez
to be the state's top OL prospect.
Brownwood went 11-2 last year, and Valdez was the team's top blocker. He has
thrown the shot 53 feet and discus 162-7.
On tape, Valdez is a very aggressive blocker who has an explosive start that
allows him to make quick contact and then he simply drives his guy backward.
He has the quickest start of any of the big offensive line prospects I have
seen this year.
One of the best things about him is that he is only 16 and won't turn 17
until June 15, but he already benches 320 and squats 600.
* * * *
The Longhorns need a bumper crop of defensive linemen this year, and they
stand a very good chance to get an early commitment from one of the top ones
around at their early June camp.
He is Lyle Sendlein, 6-4, 260, 4.8, of Scottsdale Chaparral, a top DT who is
the No. 1 recruit in Arizona.
Sendlein is the son of former UT and NFL LB Robin Sendlein, and he is the
brother of UT redshirt freshman LB Austin Sendlein.
I talked to Sendlein Sunday and he told me he is coming to the June 4
Longhorn camp.
I asked him if he is planning on going to any other camps this summer.
"It depends on what happens at the Texas camp," he said. "I might commit. I
really like Texas."
He said he also is being recruited by Notre Dame, Arizona, UCLA, Arizona
State, USC and "about 15 other schools.
* * * *
Another top DT prospect who is a strong Texas lean is Kasey Studdard, 6-2,
260, 4.8, of Highlands Ranch, Colo.
He is the son of David Studdard, a former UT offensive line star who started
for the Denver Broncos for about 10 years after his career at Texas.
Studdard told me Sunday he probably isn't going to go to any summer camps,
but he said, "I really like Texas." He said other schools recruiting him
include Colorado, Colorado State, Nebraska, Washington, USC and Missouri.
His sister, Katie, recently accepted a basketball scholarship at Northern
Colorado.
* * * *
DE Larry Dibbles of Lancaster, who has thrown the shot nearly 61 feet, says
he is bigger and also a little bit faster than I have him listed.
"I'm 6-4 1/2, 270 and I run a 4.68 40," he said. He's also an honor student
who carries a 3.6 GPA on a 4.0 scale and has already made a qualifying score
on the SAT.
"I want to take it again to try to do better, but I've already made a
qualifying score," he said.
When I asked him if he plans to go to any camps this summer, Dibbles said,
"I'm going to the Nike camp at A&M and a Texas camp, probably in late June. I
might go to one more camp, maybe at Oklahoma."
He said Oklahoma, LSU, TCU and SMU have already offered him a scholarship,
and said other schools recruiting him include UT, Notre Dame, A&M, Purdue,
Florida and Nebraska.
When asked what he is looking for in a school, he said, "Academics has to be
first. I want to major in something in the engineering or computer range.
"I also want to know about the graduation rate for football players. The
coaches are important, too, and the chance to get playing time."
He said he went to the Longhorn coaches' offices after competing in the Texas
Relays and met with head coach Mack Brown, DE coach Hardee McCrary and RB
coach Bruce Chambers, who recruits the Lancaster area.
"It was nice in Austin," he said. "I'm pretty interested in Texas."
He also said he thinks Lancaster has a chance to make a good run in the
playoffs this year. "We got to the third round last year and lost to Ennis,"
he said. "Ennis won state and we had a lot of young players, so we think we
have a chance to do better this year."
* * * *
Some of the top football players in the state are also some of the top track
performers.
UT CB signee Michael Huff  won the District 7-5A sprints in 10.69 and 21.68
and anchored the 400-meter relay to victory in 41.32.
Another Longhorn CB recruit, Cedric Griffin of San Antonio Holmes, won the
District 27-5A hurdles in 13.75 and 37.76. He also placed fourth in the
triple jump with a 42-3 leap.
There are always a lot of regional qualifier meets between the district and
regional meets and junior RB DaBryan Blanton of Forney had some great times
at the one in Glen Rose Friday, running a 10.1 100 meters and 20.7 200
meters. UT WR recruit Quan Cosby of Mart was second in both races, running
10.5 and 21.18.
Junior RB/CB Edorian McCullough of North Garland, who is undefeated in the
dashes this year, ran 10.36 and 20.89 and anchored his 400-meter relay team
to a win in 41.07 in a regional qualifer meet in Mansfield. Huff was second
in the 200 in 21.54 and third in the 100 in 10.55.
UT LB recruit Derrick Johnson ran a 10.79 for third place in the 100 in a
regional qualifiers meet in McGregor. He has run a 10.6 this year.


This has to be done..................................

Thanks
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 12/20/2000
08:39 AM ---------------------------

	From:  William Kelly @ ECT                           12/20/2000 08:31 AM

To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Kimat Singla/HOU/ECT@ECT, Kulvinder Fowler/NA/Enron@ENRON, Kyle R
Lilly/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Alejandra
Chavez/NA/Enron@ENRON, Crystal Hyde/HOU/ECT@ECT

Subject: New EAST books

We have new book names in TAGG for our intramonth portfolios and it is
extremely important that any deal booked to the East is communicated quickly
to someone on my team.  I know it will take some time for the new names to
sink in and I do not want us to miss any positions or P&L.

Thanks for your help on this.

New:
Scott Neal :         East Northeast
Dick Jenkins:     East Marketeast

WK


If its Stephanie you die!  I'm working on killing JD now.

Chad Gronvold
06/27/2000 03:29 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re:

Take a guess


Another Division

Mark,

Global Counterparty wants me to approve this EOL counterparty which is a
division.  My deal with the EOL team was that they would kick these
counterparties back and try to get the legal incorporated entity as part of
the name.  Global Counterparty is satisfied opening counterparties up as
divisions and I am getting frustrated constantly fighting this battle.  Do
you wish to intercede, or shall I give up and let counterparties be opened as
divisions?  Do you want to call a meeting with Sam's boss to discuss
divisions?  What to do?
----- Forwarded by Tana Jones/HOU/ECT on 03/28/2001 03:39 PM -----

	Samuel Schott
	03/28/2001 01:09 PM

		 To: Tana Jones/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
		 cc: Walter Guidroz/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Lisa
Lees/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron
		 Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response -
CP/ID 94330, Cargill Ferrous International

FYI...

Cargill Ferrous International is setup correctly in the Global Counterparty
System as a Division of Cargill, Inc.
Cargill Ferrous International is the full name of this division and setup as
such in GCP with a Sub-to-Legal Link
to Cargill, Inc. per GCP procedure.

Also, the Global SAP team (Cheryl Johnson) would need Legal Name Change
documentation from the Counterparty
in order to change this name.

Best Rgds.

Samuel x3-9890 (GCP)
Enron Net Works _ Global Data Management

From: Tana Jones on 03/28/2001 09:47 AM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc:
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Any updates on adding the correct legal name to this counterparty name?

---------------------- Forwarded by Samuel Schott/HOU/ECT on 03/28/2001 12:53
PM ---------------------------

	From:  Samuel Schott                           03/23/2001 11:25 AM

To: Stephanie Sever/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Hello,

Yes, GCP provides the links to establish the correlation between the parent
and child for our downstream systems.
GCP procedure is to create Counterparty names that reflect either the
Tradename / Division name or Parent Name  - - not both simultaneously.
(Although, we have broken that rule for Legal in the past.) This defeats the
purpose of using a Tradename.

Best Rgds.

Samuel

From:  Stephanie Sever
     03/23/2001 10:21 AM

To: Tana Jones/HOU/ECT@ECT
cc: Samuel Schott/HOU/ECT@ECT, Walter Guidroz/NA/Enron, Tom
Moran/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Tana,

Please review the process below:

With divisions,  EOL does request a new Password Application for the
applicant reflecting the name as you noted below.  When the company is set up
in the EOL database we link the company to the Parent and reference the CP
ID.  Sam, please confirm, Global Counterparty also provides the links to
establish correlation between the parent and child for our downstream systems.

Let me know if this is the appropriate steps that you would like to see.

Thanks,
Stephanie

From: Tana Jones on 03/22/2001 06:03 PM
To: Samuel Schott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Walter Guidroz/Enron@EnronXGate, Tom Moran/Enron@EnronXGate
Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Sam & Stephanie,

Re:  Cargill Ferrous International

It was my understanding with the EOL Team that all divisions would have the
legal incorporated entity as part of the name.  Stephanie, I my preference is
to kick their Password Application back and get them to change it to read
something like "Cargill Ferrous International, a division of Cargill, Inc."
or "Cargill, Inc. acting through its Cargill Ferrous International Division".

	Samuel Schott
	03/21/2001 01:58 PM

		 To: Walter Guidroz/ENRON@enronXgate @ ENRON, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate@ENRON, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate@ENRON, Cynthia
Clark/ENRON@enronXgate@ENRON, Enron Europe Global Contracts and
Facilities@ENRON, Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate@ENRON, Claudia
Clark/HOU/ECT@ECT, William S Bradford/ENRON@enronXgate@ENRON, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim
Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/ENRON@enronXgate@ENRON, Kelly Lombardi/NA/Enron@Enron, Brian
Lindsay/Enron Communications@Enron Communications@ENRON, EOL Call
Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications@ENRON, Molly LaFuze/Enron
Communications@Enron Communications@ENRON, Danny Clark/Enron
Communications@Enron Communications@ENRON
		 cc:
		 Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response

Any GCP adjustments will be highlighted in red.

Attn. GCP_London:
There's a new EOL Counterparty listed in the UK. Please respond.

Best Rgds.

Samuel x3-9890
ENW_GCP

From: Walter Guidroz/ENRON@enronXgate on 03/20/2001 05:30 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
cc:
Subject: EOL approvals, 3-20-01

Please see attached.


BANDWIDTH BEAT: Glut Or No Glut, Dynegy's Lighting Fiber
Dow Jones Energy Service, 09/21/01
INDIA: Enron Indian unit defaults on interest dues-source.
Reuters English News Service, 09/21/01
India Crt Disallows MSEB's Appeal On Payment To Dabhol
Dow Jones International News, 09/21/01

Kaiser Aluminum May Owe Refunds for Power Sales in Northwest
Bloomberg, 09/21/01

Enron Accused of Infringing Electronic Trading Patent (Update2)
Bloomberg, 09/21/01

BANDWIDTH BEAT: Glut Or No Glut, Dynegy's Lighting Fiber
By Michael Rieke

09/21/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Never mind all the talk about a bandwidth glut, here comes more longhaul telecommunications capacity.
Dynegy Corp.'s (DYN) telecom unit is bringing its domestic fiber-optic longhaul network online next month despite the fact that bandwidth prices have been falling for more than a year.
Mark Stubbe, president and chief operating officer of Dynegyconnect, told Bandwidth Beat, "We're basically lit and we're going through the testing right now."
Dynegy is lighting two of the four strands of fiber covered by a 20-year lease done earlier this year with Level 3 Communications Inc. (LVLT).
"For the most part, it is the Level 3 footprint," Stubbe said about the network. That means it connects nearly 60 of the largest cities in the United States. Dynegy has added to that footprint by doing a few deals to control other capacity, he said.
The U.S. network is connected to Dynegy's European network by leased subsea capacity. Transatlantic capacity is so cheap it doesn't make sense to own it, he said. The company is already moving data on the European network and both ways on the transatlantic routes.
Although Dynegy could light the network at OC192, it's starting at OC48 capacity, allowing it to move 2.5 gigabits of data a second. Those circuits can be sold at lower capacities, he added.
The network includes OC48 metropolitan area capacity thanks to a deal done a few months ago with Telseon Inc. That deal covers cities like New York, Chicago, San Francisco, Chicago, Dallas Atlanta, Seattle, Denver, Miami and Washington, D.C.
Dynegy is spending about $700 million to light the U.S. and European networks. Those expenditures have been spread over 2000-2001. Next year it will spend more money in metro areas to improve connectivity to buildings with prospective customers.
Recent financial problems in the telecom sector enabled the company to save 10-20% on some equipment needed to light the network. "And we had already budgeted low because we thought the equipment was going to come down," Stubbe said.
With longhaul bandwidth prices off as much as 90% since early this year, why build a network instead of piecing together cheap routes bought from existing networks?
"It's important to show (customers) you own your own capacity and control it," Stubbe said.
Stubbe talked to a big customer in Dallas recently which had bought capacity from a number of companies that have gone under or are struggling financially.
The customer wanted to know what Dynegy owns, what its balance sheet looks like and what its technical capabilities are, Stubbe said.
If there's a problem, a customer doesn't want to hear that its supplier will have to call a number of other networks to find out what's wrong, he said.
As more and more longhaul networks connect to each other and as metro connectivity improves, that won't be a problem. The telecom sector will look more like the energy industry where companies "lean on each other's assets."
In the natural gas business, for example, Dynegy moves gas on pipelines owned by Enron Corp. (ENE), El Paso Corp. (EPG) and the Williams Companies (WMB) among others.
Dynegy will fill its network by going after wholesale customers, Stubbe said. But that field will be wider than traditional telecoms might have thought.
Big banks in New York need considerable capacity, he said. "They almost look like a small city. So (we) would go after those types of enterprises."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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

INDIA: Enron Indian unit defaults on interest dues-source.
By Sriram Ramakrishnan

09/21/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, Sept 21 (Reuters) - The Indian unit of U.S. energy major Enron Corp has defaulted on interest payments to international lenders, an industry source said on Friday.
Citibank, Bank of America, U.S. Exim Bank and Japan's Overseas Private Investment Corporation are among the international lenders to Dabhol Power Company's $2.9 billion Indian plant.
"The default happened early this week," the source, who declined to be identified, told Reuters.
"DPC was supposed to repay interest on loans it had taken for the second phase of the power project but it could not pay."
The source did not reveal the amount involved or the identity of lenders.
A Dabhol spokesman declined to comment on the default, and the Enron Corp spokesman in Houston was not immediately available for comment.
But the Dabhol spokesman confirmed that the company had asked foreign lenders for help in meeting its interest payments, some of which must be made by September 30.
Dabhol has faced cash problems ever since it was forced to shut its 2,184 MW plant on the west coast of India in June after its sole buyer, a local state utility, stopped buying power and defaulted on earlier dues.
Almost 70 percent of the power plant, built a cost of $2.9 billion, was funded by debt.
Indian lenders - banks and financial institutions - have lent around $1.4 billion and foreign lenders have contributed the rest.
Of the 30 percent equity, Enron owns 65 percent, the state utility owns 15 percent, General Electric Company and Bechtel Corporation each own 10 percent.
DEALS A BLOW
Analysts said the default deals a huge blow to efforts to find a solution to the dispute between Dabhol and a local utility, the Maharashtra State Electricity Board (MSEB).
Foreign lenders are now likely to be less accommodating, they said, and will be under increasing pressure to invoke guarantees given by the Indian lenders.
Besides lending money themselves, Indian lenders have guaranteed most of the loans given by the project's global creditors. Therefore, Indian lenders will be obliged to pay up whatever amount Dabhol defaults on.
The gas-based power project, India's largest foreign direct investment, has been mired in controversy from the very start.
This year, things came to a head as an ugly spat erupted between Dabhol and the state utility, which was the sole purchaser of the plant's power.
The dispute centres around the terms of the power purchase agreement, the contract that governs Dabhol's sale and the utility's purchase of power.
The state utility claimed the power was too expensive and it didn't need all the plant's power, which it had initially agreed to buy, while Dabhol accused the electricity board of reneging on its contractual obligations.

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

India Crt Disallows MSEB's Appeal On Payment To Dabhol

09/21/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- India's Supreme Court has asked the Maharashtra State Electricity Board and U.S. energy major Enron Corp.'s (ENE) unit, Dabhol Power Co., to file a written submission within four weeks on the Letter of Credit issued by MSEB to DPC, Jimmy Mogal, a Dabhol spokesman, said late Friday.
DPC had invoked the letter of credit from Canara Bank Sept. 11 accusing the MSEB for non-payment of April electricity bills. The encashment was withheld after MSEB appealed to the Bombay High Court and got an injunction, the report said.
"The Supreme Court has not granted relief sought by the MSEB in its petition and has given four weeks time to both parties, the DPC and MSEB, to file written submissions to the Supreme Court. In the interim, their will be no attempts by DPC to encash the Letter of Credit," Mogal said.
"However, other ongoing legal actions, including arbitration with the government of India and the state of Maharashtra in London will continue," he added.
As reported, Enron has threatened to pull out of the project following long-standing payment disputes with its sole buyer, the Maharashtra State Electricity Board, and the failure of India's federal government to honor its payment guarantee for the project.
Enron holds a 65% stake in the 2,184-megawatt Dabhol power project in the western Indian state of Maharashtra.
Dabhol is the single largest foreign investment in India to date, at $2.9 billion.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9426; himendra.kumardowjones.com

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

Kaiser Aluminum May Owe Refunds for Power Sales in Northwest
2001-09-21 16:52 (New York)

Kaiser Aluminum May Owe Refunds for Power Sales in Northwest

     Washington, Sept. 21 (Bloomberg) -- Kaiser Aluminum Corp. may
have to repay some of the $60 million it collected from selling
electricity to Clark County, Washington, last winter when the
third-biggest U.S. aluminum maker decided it could make more money
selling power than metals.

     The Houston-based company in December shut its smelter in
Mead, Washington, and began selling power it had contracted to buy
from the Bonneville Power Administration at $22.60 a megawatt-
hour. A megawatt is enough to power about 750 California homes.

     Clark Public Utilities said the $325 per megawatt-hour it
paid was in line with market prices. The county argues, though,
that Kaiser took advantage of the region's dysfunctional power
market. A judge in Washington, D.C., is set to tell Clark and
other Northwest power buyers on Monday whether Kaiser Aluminum and
dozens of other power sellers may owe refunds.

     ``Any kind of claim for a refund simply has no merit,''
Kaiser Aluminum spokesman Scott Lamb said.

     Power buyers, including the Washington cities of Seattle and
Tacoma, say their bills were inflated by an electricity shortage
in nearby California, where prices rose fourfold. They are seeking
a total of about $2 billion in refunds.

                         Willing Buyer

     The county was a willing buyer, participating in a
competitive market, Lamb said. At the time of the sale, one
commissioner said she was ``pleased to have negotiated such a
reasonable price,'' he said.

     Clark Public Utilities, which supplies power to 153,000
customers in suburban Portland, Oregon, doesn't deny it willingly
paid $325 per megawatt-hour. Of the $64 million the company paid,
$4 million went to the Bonneville Power Administration.

     Clark said it signed a contract to buy power on Feb. 2 for
delivery Aug. 1 through Sept. 30. ``At that time the market was
predicting prices of $1,200 per megawatt-hour by August,'' said
Mick Shutt, a Clark spokesman. ``It was perceived to be a good
deal.''

     The region's wholesale power prices have dropped
dramatically, though, since the U.S. Federal Energy Regulatory
Commission set price limits for California on April 25. The
average price for a megawatt-hour at the California-Oregon border
in August was $44.48, down from $313.70 in April.

     FERC expanded its price-control plan to include 10 other
western states in June.

     Clark has raised rates about 20 percent to pay for a loan it
took out to pay for power purchased from Kaiser and other
suppliers late last year and early this year, as well as to offset
increases in the amount charged by Bonneville, Shutt said.

     ``The people who were marketing power were manipulating the
market, primarily through California,'' Shutt said. ``Kaiser took
advantage of the situation of what was happening in the West.''

                         Refunds

     Enron Corp., Sempra Energy, El Paso Corp. and about 40 other
power sellers have asked FERC Judge Carmen Cintron to throw out
refund claims made by Clark and other power buyers. They argue
they charged more for electricity because of a surge in natural
gas prices and a drought that reduced production from the
Northwest's hydroelectric plants.

     FERC ordered Cintron to gather evidence about these
allegations during a Sept. 4-6 hearing and issue a recommendation
on Monday whether refunds should be considered. The commission
will ultimately decide if, or how much, is due in refunds.

     ``This is a case where five Pacific Northwest purchasers
whose transactions didn't fare very well want out of their
deals,'' said Jeffrey Watkiss, a Washington attorney representing
the sellers group, which includes Kaiser.

     If FERC grants the refunds, it will have to consider the
other 200 purchasers who bought electricity in hundreds of
thousands of transactions between Dec. 25 and June 20, Watkiss
said. Of the $2 billion in requested refunds, California is asking
for $1.5 billion.

     In a separate proceeding, a FERC judge is hearing a request
by California to recover $8.9 billion on power purchases it made
in its own markets. The judge in that case is scheduled to issue a
recommendation to FERC by Dec. 13.

     Kaiser had planned to restart some production at its
Washington plants in October. The company's executives announced
last week that they won't restart the Mead plant and another
facility in Tacoma because of falling aluminum prices.

Enron Accused of Infringing Electronic Trading Patent (Update2)
2001-09-21 16:39 (New York)

Enron Accused of Infringing Electronic Trading Patent (Update2)

     (Adds company comment in seventh paragraph.)

     Marshall, Texas, Sept. 21 (Bloomberg) -- Enron Corp., the
largest energy trader, and its online unit are accused in a
lawsuit of infringing a Texas company's patent for an electronic
trading system.

     Bid/Ask LLC of Baird, Texas, formerly called Auction Source
LLC, said it is the sole rights owner of a patent issued in May
2000 for a ``Real-time Network Exchange with Seller Specified
Exchange Parameters and Interactive Seller Participation.''

     Houston-based Enron and its EnronOnline unit are improperly
using that patented technology through its Internet-based
electronic trading facility, according to the lawsuit filed Sept.
17 in federal court in Marshall, Texas. Enron trades commodities
such as natural gas and electricity on that trading network.

     Bid/Ask seeks a court order blocking Enron from infringing
the patent, and is asking for damages.

     EnronOnline began trading electricity and natural gas in
November 1999. Between then and the second quarter of 2001, it's
handled more than 1 million transactions valued at more than $685
billion, the company has said.

     Enron, which also trades space on fiber-optic networks, coal,
paper and other commodities, had net income of $979 million on
revenue of $100.8 billion in 2000.

     ``We have not reviewed the suit, so we can't comment on it,''
said Enron spokesman Vance Meyer.

     Shares of Enron fell 9 cents to $28.30 today.


I thought it might be helpful to summarize the next steps we agreed are
necessary to put a "gas agency" agreement in place between the Texas desk and
Ponderosa Pine Energy, LLC.

Mazowita and Farmer to work with plant manager (Mike Gough) to determine:
How power schedules are received from Brazos and translated into fuel
requirements
The plant's operating flexibility to use fuel oil over natural gas
How the use of fuel oil is built into the dispatch/operation decision
The degree to which the plant has historically been involved with fuel
suppliers beyond TGC (i.e., Apache, Williams, Lone Star)

Mazowita and Farmer to work with TGC (Nancy Stivers) to determine:
How gas schedules are received from the plant
Why there were structural differences between the Apache/Williams fuel supply
agreements and the TGC agency agreement
TGC's experience with optimizing value under the fuel supply agreements

Farmer to determine if a "form agreement" is available within ENA for
transactions of this nature

Lyons/Hill to determine (a) if there is a need to have the gas agency
agreement at the project vs. holding company level and (b) if bank approvals
are needed as a result of the new agreement

Lyons/Mazowita/Farmer to draft agency agreement

Griffith to determine the best means of handling "duel fuel" capability at
the plant within ENA

As an aside, I passed the information that Daren gave me in the meeting
concerning the tax certificate for the use of fuel oil on to Rhett Jackson,
who handled tax-related matters during the acquisition phase of this
project.

Please keep me in the loop as these contacts are made and let me know how I
can help.


You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007593&Page=
Approval to review and act upon this request.

Request ID          : 000000000007593
Request Create Date : 11/16/00 11:21:54 AM
Requested For       : steve.moen@enron.com
Resource Name       : EOL US Backoffice  Data Manager
Resource Type       : Applications


nobody likes me

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, May 01, 2001 8:37 AM
To: jkeffer@kslaw.com
Subject: Re: Astros Game

Hi John,

It would probably be better for me if we could reschedule, since I will be
out of town Wed-Mon.

Rain check?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/01/2001 08:35
AM ---------------------------

(Embedded
image moved
to file:      From:  Ben F Jacoby @ ECT
pic18819.pcx) 04/30/2001 08:00 PM

Sent by:  Ben Jacoby@ECT

To:   "Keffer, John" <JKeffer@KSLAW.com> @ ENRON
cc:   Kay Mann

Subject:  Re: Astros Game  (Document link: Kay Mann)

Unfortunately, I have a public hearing in Florida that I have to attend.
Thanks for the invite, though.

Regards,

Ben

"Keffer, John" <JKeffer@KSLAW.com> on 04/30/2001 06:20:48 PM

To:   "Ben F. Jacoby (E-mail)" <Ben.F.Jacoby@enron.com>
cc:
Subject:  Astros Game

Ben-let me know if you can join me for an Astros game on May 8 (Tuesday) at
7:05.  Kay is coming as well.

Regards

John L. Keffer
King & Spalding
713 751 3255
713 751 3280 (fax)
jkeffer@kslaw.com

Confidentiality Notice
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disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


----- Forwarded by Jeff Dasovich/NA/Enron on 04/05/2001 12:17 PM -----

	Susan J Mara
	04/05/2001 11:43 AM

		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Douglas
Huth/HOU/EES@EES, Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES,
Gayle W Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon
Savage/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Harry
Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, James D
Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James Wright/Western
Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES, Jeremy
Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON,
Karen Denne/Corp/Enron@ENRON, Kathy Bass/HOU/EES@EES, Kathy
Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES,
Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Mark S
Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Richard
L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Rosalinda Tijerina/HOU/EES@EES, Sandra
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard B
Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Bruno Gaillard/EU/Enron@Enron,
Linda Robertson/NA/Enron@ENRON, Ren, Lazure/Western Region/The Bentley
Company@Exchange, Michael Tribolet/Corp/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, jklauber@llgm.com, Tamara
Johnson/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Dirk vanUlden/Western Region/The Bentley
Company@Exchange, Steve Walker/SFO/EES@EES, James Wright/Western Region/The
Bentley Company@Exchange, Mike D Smith/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Walton/HOU/ECT@ECT,
psmith3@enron.com, mjackso7@enron.com, Janel Guerrero/Corp/Enron@Enron, Mark
Fillinger/SF/ECT@ECT, Jennifer Rudolph/HOU/EES@EES, Martin
Wenzel/SFO/HOU/EES@EES, wgang@enron.com, Joseph Alamo/NA/Enron@Enron, Tracy
Ngo/PDX/ECT@ECT, Ray Alvarez/NA/Enron@ENRON, Steve C Hall/PDX/ECT@ECT, David
Leboe/HOU/ECT@ECT, Jay Zoellner/Western Region/The Bentley Company@Exchange,
Fatimata Liamidi/HOU/EES@EES, Sonia Perez/HOU/EES@EES
		 cc:
		 Subject: Davis makes statement in support of DA -- Understands State is
Short of Power

Gov. Davis open to tax on electric generators' profits

Updated: April 4, 2001 - 5:52 p.m.

Gov. Gray Davis says he is open to supporting a windfall-profits tax being
proposed by lawmakers on electric generators that have made a fortune
selling power to California this year.

He also broke with his appointees on the Public Utilities Commission in
saying private companies and other large users should be allowed to contract
directly for power with generators.

. . . .

For the first time, Davis also said the state should let companies buy their
power from generators instead of going through the utilities.

A January law that allowed the state to begin buying power for two nearly
bankrupt utilities barred such side contracts.

"That was done originally with the thought the state would have more power
and no one to sell it to if companies got off the grid," Davis said. "But
our problem is the opposite this summer. If companies want to get off the
grid, we should encourage, not discourage that."

The Democratic governor's comments came after he met behind closed doors for
more than two hours with Assembly Republicans, who have sharply criticized
his handling of the energy crisis.

"I think everyone agreed there are no political winners unless we resolve
this challenge," Davis said. "There were a lot of suggestions in there I'm
willing to adopt."

. . . .

Davis said he hasn't written the remarks he will make during a five-minute
address at 6:05 p.m. Thursday that he has asked California television
stations to carry live.

However, he said he will "share with them (viewers) the progress that we've
made and what we have to get through."

He is expected to talk about the more than 40 percent rate increases
approved last week by the PUC for customers of Pacific Gas and Electric Co.
and Southern California Edition Co.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Peter  -

Attached is an updated form of the NDA.  I have accepted all of the changes
made by Flagg in their prior version and have made a couple of changes in
addition to the one requested by Flagg.

Please take a look at the attached and let me know if this is acceptable.  If
so, please feel free to forward to Flagg and ask for comments.  If it would
be helpful, I would suggest we call them if they continue to have a problem
with our language.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com


Click on this link to view report -->


Hi, Tanya:

 The factor loading results for the eff_dt = '12-dec-2000' are available on
the RMS_STAGE database.
  The parameters being used:
  effective_date = '12-dec-2000'
      start_date = '12-sep-2000'
                 end_date='12-dec-2000'

                Please check the result in the database with:
 factor_def_id = 1510
                basis_map_id = 1562
                corr_def_id = 1280

Notice: This is only a testing result!

Jin

Tanya Tamarchenko
12/15/2000 05:20 PM
To: Debbie R Brackett/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jin Yu/HOU/ECT@ECT,
Wenyao Jia/HOU/ECT@ECT, Ganapathy Ramesh/HOU/ECT@ECT
Subject: Re: UK: reconciling the spreadsheet and RisktRac VAR numbers

Debbie,
we asked DBA to refresh stage this Monday.
It was refreshed on Thursday. Jin is running vatrfacs today (Friday) to
create correlations and factors .
Then, according to our plan, we will ask Ramesh to run VAR on these inputs.
We will send the inputs to you to run VAR in the spreadsheet and reconcile
the results for UK.

Tanya.


Jeff, I've attached a copy of the letter describing
the loan of the Madeline O'Connor piece to the McNay
Museum in San Antonio this summer. Please let me or
Betty Moody at Moody Gallery know if you have any
questions. Also, have you had a chance to make a
decision about a piece for the niche between the boys'
rooms? Thanks. Leigh Edwards
--- Joannie.Williamson@enron.com wrote:
> Could you call me regarding a Madeline O'Connor
> piece.
>
> Thanks,
> Joannie
> 713-345-7774
>
>

__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/
 - SKIdecisions.doc


Hi Rich,
They did approve the 2mm.To activate the coverage:

    Michele Lecoca--$1610 - 10% off 1st yr-$1449
                                         (z01209440)
   Richard Shapiro--$1890- 10%off   1st yr-1701
                                            (Z01209831)
              payable to:West Coast Life
                           send to
                  Jonathan GOldstein
              189 Reservoir st
                  Needham,Ma 02494

----- Original Message -----
From: Jonathan Goldstein
To: Shapiro, Richard
Sent: Thursday, November 15, 2001 1:02 PM
Subject: Re: Life Ins. App

Hi Rich,
Both you and Michelle were approved super preferred by
West Coast Life:
                              Richard   $1.5mm-20yr is $1430
                                               $2mm---20yr is $1890
                                              $1.5mm- 30yr is$ 2980
                                              $2mm----30yr is$3950
                             Michelle  $1.5mm-20yr is $1220
                                              $2mm---20yr is $1620
                            If paid annual the 1st yr there is
                       a 10% disc ount for 1st yr only.So you
                      could pay annual this year than pay qy or
semi next year.

  ----- Original Message -----
  From: Shapiro, Richard
  To: Jonathan Goldstein ; rshapiro@enron.com
  Sent: Wednesday, November 07, 2001 4:53 PM
  Subject: RE: Life Ins. App

  281-955-3600 for their FM 1960 location (brain MRI) and 281-446-2930 for their Humble location(stomach x-rays). All tests were negative, just a hypochondriac.
    -----Original Message-----
    From: Jonathan Goldstein [mailto:jonathan@gersten.com]
    Sent: Wednesday, November 07, 2001 3:08 PM
    To: rshapiro@enron.com
    Subject: Life Ins. App

    Do you know where River Oaks or do you have there ph#?

  **********************************************************************
  This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
  **********************************************************************


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

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

DATE: June 29, 2001

RE: Draft Letter to FERC Commissioners Regarding Alliance
      RTO Stakeholder Process and Interconnection Agreement

Attached is a draft letter addressed to the FERC Commissioners concerning the
collaborative stakeholder process of the Alliance RTO (ARTO).  As you are
aware, EPSA sent a letter in April to the ARTO transmission owners outlining
our concerns with the development of the ARTO stakeholder process.  The ARTO
subsequently made its compliance filing to FERC in May describing the
progress of the collaborative stakeholder process.  Many parties filed
comments outlining the flawed progress and their inability to provide
meaningful stakeholder input to the ARTO.

Most recently, the ARTO removed all system upgrade transmission crediting
provisions from the latest draft Interconnection Agreement and
Interconnection Procedures covered during the June 7-8, 2001 collaborative
meeting.  We are concerned that such an action will have grave effects on
generation and is clearly inconsistent with FERC precedent.  We are also
concerned with the ARTO's commitment to uphold its interests in the Inter-RTO
Cooperation Agreement ("Cooperation Agreement") to form a common pro forma
Generator Interconnection Agreement with the MISO.

We intend to send the letter to the FERC Commissioners as well as all parties
in the active docket.  The letter will be signed by EPSA, but if individual
generators would also like to sign on, please let us know.  If you have any
comments, please contact Erin Perrigo at 202-628-8200 or at eperrigo@epsa.org
by noon EST on Tuesday, July 3rd.

Attachment

 - ARTO IA letter.doc


Why do I keep getting these new products for approval?
----- Forwarded by Tana Jones/HOU/ECT on 01/02/2001 12:28 PM -----

	Melba Lozano
	01/02/2001 11:22 AM

		 To: Jeff Blumenthal/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Matthew Adams/Corp/Enron@ENRON
		 cc: Karen Lambert/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 Subject: Canada Power - Approval

Please approve!
---------------------- Forwarded by Melba Lozano/HOU/ECT on 01/02/2001 11:25
AM ---------------------------

From:  Melba Lozano
  12/12/2000 04:21 PM

To: Jeff Blumenthal/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Matthew Adams/Corp/Enron@ENRON
cc: Karen Lambert/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
Subject: Canada Power - Approval

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail).

Examples:

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

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"

Thanks - Rob Cass  -  Melba Lozano
x35491   x58986


Hi Bob,

Does this have anything to do with the Wisconsin site you mentioned in the
staff meeting?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/07/2000 02:16
PM ---------------------------

Fred Mitro@ECT
09/06/2000 12:08 PM
To: Scott Healy/HOU/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON, Gregg
Penman/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Herman Manis/Corp/Enron@ENRON,
Ben Jacoby/HOU/ECT@ECT
cc:

Subject: WEPCO term sheet - Plano

Attached is the draft term sheet for the WEPCO term sheet on the Plano site.
I have used the 9/01 clean version of the ComEd Plano term sheet as the
template for this document.

I have made some changes to reflect our discussions with WEPCO including the
following:

 1. Term (3 and 5 year)
 2. Contract Base Capacity Charge ($ amount may be subject to further change)
 3. Scheduling (day-ahead only)
 4. Project Updates (term modification dates changed to reflect 3 or 5 year
term)
 5. Commercial Operation Date Guarantee (dates change to reflect '02 start
date/termination right triggered off of 6/1/01 notice by Seller)
 6. Delay/Early Completion Penalties/Bonus (changed to reflect different
Capacity Charge)
 7. Availability LD's (changed to reflect different Capacity Charge)

Please review and send me your comments.  I am planning to send this document
to WEPCO tomorrow afternoon.

Thanks,
Fred


My recollection is that I gave it to Sheila around the time it came in, but I
wouldn't swear to it.  I'll check around here.

Kay

From: Ed B Hearn III@ECT on 11/13/2000 05:42 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: A&K Invoice

Hi, Kay:

Sheila asked me to track down a few A&K Invoices for her.

One of the invoices relates to a matter entitled, Preparation of Form TU,
dated July 31, 2000.

The invoice number is 10103851 and the amount is $25,165.00.

Have you seen or do you recall this invoice?  If so, would you happen to know
where I might find a copy?

Thanks, a million,

Ed


...okay, maybe it's not THAT good but it's cooked and the beer is plentiful.

Hey everyone,

Just wanted to test the waters and see what kind of interest there was in
doing Steak Night tomorrow night at Little Woodrows.  I feel like it's been a
while since we really rallied the troops and I know I have personally missed
the interaction.  It's also been a while since we've attempted to solve the
worlds problems over cold Shiner and I think the world may be the worse for
it.  So, get back to me and let me know if anyone's up for an evening of
eating, drinking and most definitely being merry.  If it looks like 'a go',
I'll shoot everyone a follow-up email complete with ETA.

The one and only,

sscott5

"If we could just get everyone to close their eyes and visualize world peace
for an hour, imagine how serene and quiet it would be until the looting
started."


Sara,
 FYI.  We are in support of maintaining the confidentiality of securities
held in our accounts.  I can be reached at ext. 31439 if you have additional
questions or concerns.

Thanks,
Theresa
---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 08/23/2000
12:44 PM ---------------------------

Sheung Tam <Sheung.Tam@msdw.com> on 08/23/2000 09:57:39 AM
Please respond to Sheung.Tam@msdw.com
To: Theresa T Brogan <Theresa.T.Brogan@enron.com>
cc:
Subject: Re: [Fwd: 75 - Proxy Disclosure form]

?
? Hi Thereas,
We need signed copies for each account, if you do not wish to disclosure.
Sheung
? .

Brief Background on the form:
The Securities & Exchange Commission has adopted? Rule 14b-1(c), effective
January 1, 1986, which will enable companies, upon request, to ascertain the
identity of shareholders whose securities are being held for them by
broker/dealers.
The purpose of this rule is to improve the communication between a company
and
its shareholders. The Rule does provide the customer the right to maintain
the confidentiality of the account.? The rule requires that UNLESS YOU OBJECT
IN WRITTING, Morgan Stanley will be required to disclose your name, address,
and security position(s) to the company.

Thanks,
Francis
 - Proxy Disclosure Agr1.doc


Angela:

Attached please find an invitation to attend a dinner hosted by Enron to honor this year's recipients of the Enron MBA Excellence Fund Scholarships.  This is our third year to work jointly with many of you in the business school to award these scholarships to outstanding students in their second year of the MBA program. One of the highlights to those of us involved from Enron is the dinner that we host to recognize the students and to renew associations with many of you.  I hope that you will be able to join us at The Josephine House on Tuesday, October 16 for cocktails at 7:00pm and dinner at 7:30pm.  In attendance from Enron will be Rick Causey and me, plus a few others from our senior management team who will be in Austin conducting our on-campus interviews for Enron's Analyst Program.  I will send a final list of attendees by the end of today.

Sally W. Beck
Chief Operating Officer
Enron Net Works, LLC
Phone - 713.853.5926
Fax - 713.345.8100
sally.beck@enron.com


Louise,

Per our conversation yesterday, I am hoping that the email from Bob Superty is sufficient correspondence to enable John to hire Cindy Franklin into the Wellhead desk.  Please confirm this is correct by sending me or Jeanie Slone an email with your approval.

By the way, Applied Terravision is up again today ( +.10) and has traded as high as 1.50.  The last trade was at 1.40.  In addition, I spoke with Wes about having eight seats on the floor for the Wellhead/Ecommerce effort under John Grass.  I will have to meet with Arnold today, because to individuals will have to move in order for me to have access to two vacant seats.

The need for eight seats is broken out as follows :

Kathy Kelly - Wellhead
Cindy Franklin - Wellhead
Dayem Khandker - Wellhead / Ecommerce
Judy Thorne -Wellhead
John Grass- Wellhead / Ecommerce

Jean Mrha
Vacant -  Expected Ecommerce originator need after expected closing of outsourcing deals
Vacant -  Ecommerce Associate / Analyst

I am conflicted about having a seat on six and on five, but I think it is necessary from a Management/business perspective.  Do you concur?

Regards, Mrha
-----Original Message-----
From: Superty, Robert
Sent: Wednesday, April 18, 2001 9:16 AM
To: Kitchen, Louise
Cc: Grass, John; Mrha, Jean; Kelly, Katherine; Hall, Bob M.; Beck, Sally; Lamadrid, Victor; De Jesus, Frank
Subject: FW: Cynthia Franklin Update

Louise, attached is a short note from Cindy Franklin's manager in Logisitics, Victor Lamadrid, and a more detailed progress report which was also written by him. I completely agree with Victor's assessment and have no doubt that Cindy will continue to improve and become an even more valuable and productive employee. I believe she is well suited for the new position in the Upstream Services group.

Please let me know if you have any additonal concerns, questions - Bob Superty

-----Original Message-----
From: Lamadrid, Victor
Sent: Tue 4/17/2001 9:34 PM
To: Kelly, Katherine
Cc: Robert Superty/HOU/ECT@ENRON; Hall, Bob M.; De Jesus, Frank; Jeanie Slone/HOU/ECT@ENRON
Subject: Cynthia Franklin Update

Kathy, Per your request, below is the letter updating you on Cyndi's progress.  I think, she will be a very good addition to your team.  Her experience and familiarity with our systems/procedures as well as her  industry contacts should make your operations more effective and efficient.  If you have any questions, please let me know. Please forward this to all necessary personnel.  Once this move is approved, let's get together soon afterward and discuss a transition plan.

THANKS

Victor

3-4221

<<Cyndiwellhead.doc>>


Rod, remember life is short. enjoy as much as you can.

Mike O.

----- Original Message -----
From: <Rod.Hayslett@enron.com>
To: "Michael Ohannesian" <mohannes@bellsouth.net>
Sent: Friday, February 16, 2001 2:57 PM
Subject: Re: New E:mail address

>
> How have you been?   I guess you're having to take a break from all the
> golf I heard you were playing.    I heard about your recent surgery and
was
> glad to hear the outcome was good.    John T and Steve H have been keeping
> me updated.  As always I am busier than a one-armed paperhanger trying to
> keep up with Stan.   I am trying to slow down, bought a house on a lake
> (Conroe-Bentwater) only 30 minutes away and I'm starting to relearn how to
> fish and with any luck I will start golfing when it warms up a little as I
> got a cart and a membership with the house.     Don't know how much longer
> I will be able to keep up this pace.      Do you remember Mike Moran
> (Legal)?   He is hanging it up so he can slow down.     Other than that
the
> rat-race is pretty much the way you left it, a couple years older but not
> much different, except for the webitization Steve has brought us.
>
> Still here,
> Rod
>
>
>
>
>
> "Michael Ohannesian" <mohannes@bellsouth.net> on 02/16/2001 11:48:21 AM
>
> To:   <ttowell@scidesign.com>, "tracy geaccone"
<tracy_geaccone@enron.com>,
>       <tmorgan@pel.com>, "Steve W Craft" <scraft@duke-energy.com>, "steve
>       hotte" <steve_hotte@enron.com>, <Rwholtz21@aol.com>, "russell gaull"
>       <RussGaull@excite.com>, "rod hayslett" <rod_hayslett@enron.com>,
>       <Rita.Houser@enron.com>, "rick ross" <rwross@ibm.net>, "Ray Hammond"
>       <ooak@mindspring.com>, "pence rokker"
>       <pencethepainter@worldnet.att.net>, "Pee Wee" <willingtwoo@aol.com>,
>       <OOHHAANN@aol.com>, "marie heika" <marie_heika@enron.com>, "Kris"
>       <kjcmis@anadarko.COM>, "jvp" <jvporcelli@onebox.com>, "jon"
>       <JTREVELISE@aol.com>, "john kiest" <jkiest@csc.com>, "joeb"
>       <berchll@aol.com>, "jane" <jbhotz@gateway.net>, "irwin"
>       <MFreed9917@aol.com>, "irv" <Grrbotts@aol.com>, "hank rosh"
>       <hankrush@txsys.com>, "gudeaw" <gudeaw@email.msn.com>, "george
>       johnson" <geo724@bellsouth.net>, "Gene Diers"
<ddiers@earthlink.net>,
>       "eddy" <ebrown@enron.com>, "Ed Parks" <eparks@livingston.net>,
"dave"
>       <DFV91548@aol.com>, <CHUCKKAYE@aol.com>, <CDMEADOWS@aol.com>,
>       "caroline" <caroline_barnes@enron.com>, "Bryce"
>       <bryce@genzlinger.net>, "bob Hock" <bobhoch@aol.com>, "bill"
>       <WBHayes@aol.com>, "als" <astento@bristolhotels.com>, "alan"
>       <Asm24@aol.com>, "Alaina Metz" <ametz@enron.com>,
>       <mohannes@bellsouth.net>
> cc:
>
> Subject:  New E:mail address
>
>
>
> My new e:mail address is
> mohannes@bellsouth.net
>
>
>
>
>


FYI, Reuters crossed the attached article on Y2K and highlighted Enron's
worst case scenario information from our SEC filing .  We can probably expect
more articles like this during December.  Our reactive media statement on
Enron's 10K remains the same, but the media is likely to run our filing
language, as they are looking for "doomsday" quotes (I spoke to the Reuters
reporter and explained that we complied with the SEC requirements and the
worst case scenario was unlikely, yet the reporter still ran 10K quotes
rather than a corporate response to the filing.)

If you have any questions, please call me.

Thanks.
Karen, x39757
---------------------- Forwarded by Karen Denne/Corp/Enron on 11/26/99 09:49
AM ---------------------------

Amita Gosalia@ECT
11/26/99 09:34 AM
To: Joan Wasylik/LON/ECT@ECT, Jackie Gentle/LON/ECT@ECT, Karen
Denne/Corp/Enron@ENRON, Andrew Cornfield/LON/ECT@ECT, David J
Williams/LON/ECT@ECT, David Rae/LON/ECT@ECT
cc:

Subject: Y2K

FYI - may generate some interest from the media!!
---------------------- Forwarded by Amita Gosalia/LON/ECT on 26/11/99 15:33
---------------------------
From: Philippe Travis on 26/11/99 15:26
To: Bhautik Patel/LON/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Amita
Gosalia/LON/ECT@ECT
cc:

Subject: Y2K

Enclosed is an article which mentions Enron and the '99 to 2000 change.

Oil industry has fingers crossed over Y2K bug
By Richard Valdmanis
NEW YORK, Nov 24 (Reuters) - Despite some glowing reports on Y2K readiness in
the U.S. oil and gas industry, private analysts, and even some of the more
forthcoming oil companies, say there is no way to know whether the computer
glitch will result in fuel shortages to consumers.

"After all the research that's been done and all the data that's been
collected, we don't really know what will happen when the clock strikes 12 on
New Year's Eve," said Dr. Martin Weiss, Chairman of Weiss Ratings Inc., which
has been tracking Y2K compliance among major U.S. companies for more than a
year.

The Y2K bug refers to a software glitch in some older computers that only
recognize the final two digits in a year. The glitch could result in
malfunctions if the computers mistake 2000 for 1900.

For the energy industry, which depends on the electrical grid as well as
internal computer systems, the Y2K bug could lead to unsafe operations at
refineries and to shortages in fuel shipments - a daunting possibility for
the leading nation in energy consumption at the height of winter.

Despite trade group survey results that claim nearly 100 percent of the oil
and gas industry will be ready for Y2K - a far more encouraging percentage
than the roughly 50 percent reported a year ago - some companies say it would
be foolish to expect no surprises.

They point out that the Y2K situation is one for which there is no precedent
and the task of finding all non-compliant computer chips in the
interdependent petroleum and electricity industries is mammoth.

Enron Corp. (ENE.N), a major U.S. petroleum company and pipeline operator, is
among the companies unsure of what the New Year will bring.

Despite their best efforts to upgrade their "mission critical" systems --
those that are essential to their business -- the company says "there is no
assurance that (our Y2K) plan will succeed in accomplishing its purposes or
that unforseen circumstances will not arise during implementation of the plan
that would materially and adversely affect Enron."

Enron made the statement in a filing with the Securities and Exchange
Commission.

The company also said that neither it nor utilities and outside entities on
which the company depends are likely to find and replace all non-compliant
computer chips which could lead to what the company calls a "cascading
effect" of system failures.

"The problem is not, and will not be, unique to Enron," the company added.

Though Enron has not announced any precautionary Y2K shutdowns, a number of
other major U.S. pipeline operators have. For example the Colonial Pipeline,
the largest in the nation, plans an eight-hour shutdown starting on New
Year's Eve.

Explorer Pipeline, the second largest, plans a 20-hour shutdown before the
rollover into the new year.

The pipelines together supply nearly three million gallons of gasoline and
other fuels per day between Houston, New York and Chicago.

In preparation for the potential pipeline disruptions, as well as an expected
buy up of fuel by nervous consumers, retail gasoline operators are planning
to stock up an extra seven days of gasoline supplies to their normal 30 day
inventories, according to industry and government officials.

The planned inventory build could also guard against any potential
disruptions at U.S. refineries, which produce the gasoline.

By most accounts, refiners have put in the greatest amount of effort to iron
out Y2K problems. According to Weiss Rating Co., the majority of large U.S.
oil refining companies, like Exxon Corp (XON.N) and Mobil Corp. (MOB.N), are
either average or above average in their adherance to Y2K plans mapped out
more than a year ago, and only a handful, like Chevron Corp (CHV.N) and
Ultramar Diamond Shamrock Corp (UDS.N), are rated below average.

"While pipelines appear the more laggard group in the energy industry,
refiners seem to be the more prepared," said Dr. Weiss. "Over all, the energy
sector appears to be taking the Y2K problem seriously - but that is no
guarantee that the New Year will be a non-event."

According to reports by the American Petroleum Institute (API), the Natural
Gas Association and other industry trade groups, nearly 100 percent of the
nation's refiners, retailers, and pipeline operators will be ready for the
year 2000 turnover, which comes in less than two months, by having Y2K proof
systems in place and contingency plans if they break down.

"What the reports are saying is, the trade groups are confident these
companies are going to be Y2K ready, and that's encouraging," said an
official at the Federal Energy Regulatory Commission (FERC). "But obviously
nobody can make any guarantees."

REUTERS Rtr 15:34 11-24-99


----- Forwarded by Jeff Dasovich/NA/Enron on 03/30/2001 06:41 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/30/2001 01:31 PM

		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
<trusso@mcnallytemple.com>, <sadlersa@earthlink.net>, <mstultz@epsa.org>,
<rtemple@mcnallytemple.com>, <tracy.fairchild@edelman.com>,
<megan.beiser@edelman.com>, <deborah.fiorito@dynegy.com>, <lchurch@epsa.org>,
Katie Kaplan <kaplan@iepa.com>, <tcwillia@duke-energy.com>,
<rwhyde@duke-energy.com>
		 cc:
		 Subject: Commerce Committee Letter

FYI, if you haven't already seen this, Congressional Democrats on the
Commerce Committee are leading an effort to send the attached letter to
President Bush.

Thanks,
Jean

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

______________________________________________________________________________
____
>     The Californian Members of the Energy and Commerce Committee, Reps.
> Waxman, Eshoo, Capps, and Harman would like to encourage the Caucus to
> sign the attached letter to the President urging the President to
> intervene at FERC.  The letter asks the President to support the
> Governor's request regarding wholesale electricity sales this summer and
> to investigate recent allegations of overcharges.
>
>                         March 29, 2001
>
>     The Honorable George W. Bush
>     The President
>     The White House
>     Washington, DC
>
>     Dear Mr. President:
>
>         We are writing because our constituents and millions of
> Americans across the West need your intervention at the Federal Energy
> Regulatory Commission (FERC) in order to address serious problems with the
> Western energy market.
>
>         As you know, California has been experiencing an electricity
> crisis that has resulted in blackouts throughout the state, inconvenienced
> millions of citizens and businesses, and disrupted the state's and
> region's economy.  Indeed, this crisis seriously threatens to cause
> long-term damage to the economy of California, the Western region, and
> perhaps the entire country.
>
>         The crisis is the result of a dysfunctional energy market
> where wholesale prices of electricity have spiked exorbitantly.  For
> example, wholesale prices on December 15, 2000, ranged from $429 per Mwh
> to $565 per Mwh, compared to prices from $12 per Mwh to $29 per Mwh one
> year earlier.  Wholesale prices have jumped as high as $1400 per Mwh.  In
> fact, the California Independent System Operator (ISO), the state's power
> grid operator, has projected that electricity which cost $7 billion in
> 1999 will cost $70 billion this year.  These skyrocketing prices can only
> partly be explained by natural gas price increases and increased energy
> demand.
>
>         These exorbitant price spikes have led FERC Commissioner
> William L. Massey to state on February 8, 2001:
>
>         These high prices serve only to continue a massive wealth
> transfer out of the region.  Is it worth dragging down an entire regional
> economy, or perhaps even the national economy, for the theoretical purity
> of unfettered price signals?  I say no.  I call on my fellow commissioners
> to consider a time out now.  It's our statutory obligation. . . .  FERC's
> timidity  and hands-off approach is eroding consumer confidence and
> destroying the consensus that heretofore supported a market based
> approach.
>
>
>         The dysfunctional nature of the market has apparently
> allowed it to be manipulated.  The California ISO last week presented FERC
> with findings of a comprehensive study of pricing data in California's
> wholesale electricity market over the last 10 months.  According to the
> Los Angeles Times, the ISO's study found "evidence of market manipulation
> and consistent patterns of bidding far above costs" and that "suppliers
> commonly offered electricity at twice their costs."  The ISO has estimated
> the cost of the potential overcharges between May 2000 and last month are
> high as $6.3 billion.
>
>         Unfortunately, FERC actions have fallen far too short.  To
> date, FERC has not aggressively worked to address market manipulations,
> despite finding last fall that wholesale prices were not "just and
> reasonable."  Nor is FERC apparently willing to seriously consider
> addressing runaway wholesale rates.
>
>         The state of California is taking heroic measures, but this
> is an issue California cannot address alone.  In a February 28, 2001,
> meeting with the California delegation, FERC Chairman Curt Hebert
> confirmed the widespread understanding that the California market is not
> working.  He called the California market "broken," and acknowledged the
> regional problems posed by the market.  Additionally, Chairman Hebert
> stated that "I don't think there is any way California can pull itself out
> of this thing alone."  As Mr. Hebert knows, California has no authority
> over wholesale electricity sales.  These sales fall solely within the
> jurisdiction of the federal government.
>
>         Despite FERC's recognition that California cannot address
> this problem alone, FERC seems unwilling to assist California and the
> West.  FERC's March 9th order sets the arbitrary expectation that unjust
> and unreasonable prices cannot occur in the absence of a Stage 3
> Emergency.  Energy economist Severin Borenstein has stated that this
> expectation "defies economic logic."  The March 9th order is also
> inconsistent with FERC's December 15 order and ignores the fact that when
> market power exists, prices can be unreasonable even when supply is not
> within 1.5% of demand.
>
>         Mr. President, you have the authority to rein in the impacts
> of this dysfunctional market and protect the citizens of California from
> exorbitant wholesale price spikes.  In October 2000, when you were in
> California, you stated, "I believe so strongly that part of this region is
> going to suffer unless you have a president who is willing to tell the
> FERC to do what is right for the consumer."  Now, we are respectfully
> calling upon you to do just that.
>
>         This is not a partisan issue.  At the Western Governors
> Association meeting in early February, eight Western governors -- three
> Democrats and five Republicans -- requested that the Administration
> immediately impose wholesale price caps throughout the region.  Governor
> Davis of California, Governor Kitzhaber of Oregon, and Governor Locke of
> Washington have now reiterated this request to FERC with a short-term
> pragmatic proposal that will preserve adequate incentives to attract
additional generation.
>
>         We believe that electricity generators should make a
> reasonable profit and that these profits should be sufficient to encourage
> the development of needed generation.  Federal action to temporarily
> intervene in California's failed wholesale market can accommodate these
> needs.  Governors Davis, Kitzhaber, and Locke have referenced Commissioner
> Massey's suggestion of a temporary cost-based price cap on spot market
> sales in the Western interconnection, combined with an exemption for new
> generation sources to ensure that new sources of energy are encouraged.
> Such an approach could reinstate consumer confidence in wholesale sales,
> ensure generators receive sufficient market signals, and prevent future
economic hemorrhaging in the West.

        Mr. President, we request that you help protect California's
economy, and indeed that of the Western region and the nation.  Please
support the Governors' request on wholesale rates, investigate the recent
allegations of overcharges, and act to prevent a dysfunctional electricity
market from damaging our constituents and a major engine of the nation's
economy.

                        Sincerely,


Following please find the Daily EnronOnline Executive Summary.

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                      Tuesday, May 8, 2001
benjamin.rogers@enron.com
=================================================================

IN THIS ISSUE
---------------------
- TOP STORY: PEPSI BOTTLING CAPS THE S&P 500
  http://www.fool.com/m.asp?i=405054

- NEWS TO GO: TERRA NETWORKS, DELL, AND COMCAST
  http://www.fool.com/m.asp?i=405055

- HOT TOPICS: CELERA, STARBUCKS, AND GOOD INVESTORS
  http://www.fool.com/m.asp?i=405056

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TOP STORY
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PEPSI BOTTLING CAPS THE S&P 500
PepsiCo (NYSE: PEP) is the choice of the new S&P Generation.
Pepsi Bottling Group (NYSE: PBG), the cola company's leading
bottler, will be joining its sugar-water daddy in the Standard &
Poor's 500 Index over the weekend. The move is fitting since
both Coke (NYSE: KO) and its largest distributor, Coca Cola
Enterprises (NYSE: CCE), are already on board.

>>FULL STORY:
http://www.fool.com/m.asp?i=405058

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NEWS TO GO
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Terra firmer? Online giant Terra Networks (Nasdaq: TRLY)
reported a smaller-than-expected loss as cost-cutting helped
offset a sluggish advertising market. The Spanish standout,
whose buying spree eventually included the popular and then
profitable portal Lycos, saw revenues take a 6% dip. The company
also announced that it will lay off 15% of its workforce. I'll
be back to scratch beneath this story's surface later this
morning.
http://www.lnksrv.com/m.asp?i=405059

The Dell (Nasdaq: DELL) tolls, as the company announced that it
is cozy with first-quarter sales and earnings estimates but will
lay off some of its workers in the process. The company will let
go 3000 to 4000 employees -- as many as 10% of its workforce --
to offset falling demand and pricing pressures in the personal
computer space. Our own Mike Trigg (TMF Tonto) will take a
closer look at Dell's report later today.

Comcast's (Nasdaq: CMCSA) billion? The country's third-largest
cable television operator reported a cool billion-dollar
quarterly profit this morning -- but the 10-figure showing was
actually the result of large investment gains. Sales clocked in
13% higher, at $2.2 billion. Comcast is beginning to reap the
rewards of its costly buildout of digital broadband as
entertainment-starved consumers clamor for more cable channels
and faster Internet speeds.

In the beginning, Genesis Microchip (Nasdaq: GNSS) announced
earnings, and they were good. The company reported a 75% uptick
in revenue and a narrower-than-expected loss of $0.15 a share.
Catering to the flat-panel monitor market, which is anything but
flat nowadays, the integrated circuits maker also announced that
top-line growth would exceed projections over the next few
quarters.

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HOT TOPICS
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CELERA AT A CROSSROADS
"Over the course of the next 8 to 12 months Celera is going to
have to make some choices that will be very telling of what
shapes this company for the long term."
http://www.fool.com/m.asp?i=405060

HAS STARBUCKS "TWEENED"?
Now that McCafes are confronting Starbucks in the marketplace,
does this mean that the company has lost its status as a Rule
Breaker?
http://www.fool.com/m.asp?i=405061

WHAT MAKES A GOOD INVESTOR?
Followers of Warren Buffett are forever examining the attributes
that give investors an edge over the S&P 500. So what makes a
winner?
http://www.fool.com/m.asp?i=405062

>>MORE HOT TOPICS
http://www.fool.com/m.asp?i=405063

=================================================================
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how should you invest in the midst of all this uncertainty?
Regularly and automatically. Find out why at BUYandHOLD.
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MsgId: msg-11610-2001-05-08_9-09-15-329557_2_Plain_MessageAddress.msg-18:56:23(5-08-2001)
X-Version: mailer-sender-master,v 1.84
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Message-Recipient: benjamin.rogers@enron.com


I think you are right:  most people will elect to travel by car, alone or in groups.  I doubt that a bus will make sense.

 -----Original Message-----
From: 	James, Terrie
Sent:	Wednesday, September 19, 2001 5:24 PM
To:	Kean, Steven J.; Olson, Cindy
Subject:	FW: Just Checking In

Just wanted to pass this along.  It's good to know he is alright.

With someone like Mr. Foster so nervous about air travel, do we need to consider alternative travel options for our VPs?  I'm assuming a lot more will chose to drive from Houston to San Antonio -- I know I will this year.  The idea of chartered buses from Houston to San Antonio surfaced, but I expect most who opt to drive will want control of the time they leave and return to Houston and arrange a small carpool.  What are your thoughts?

 -----Original Message-----
From: 	Dick_Foster@mckinsey.com@ENRON COMMUNICATIONS [mailto:IMCEANOTES-Dick+5FFoster+40mckinsey+2Ecom+40ENRON+20COMMUNICATIONS@ENRON.com]
Sent:	Wednesday, September 19, 2001 1:48 PM
To:	James, Terrie
Cc:	heidi_smith@mckinsey.com
Subject:	Re: Just Checking In

 << OLE Object: Picture (Device Independent Bitmap) >>

Terrie, a warm thx to you.  We are, thank God, all OK here, both family and
friends.  Friends of friends were badly hit however, and that hurts all of
us.  NYC is a different place today than a little more than a week ago.

As long as you are sending the plane I am coming.  Frankly, without the
plane it would be a tough decision to make.  I find that most meetings
requiring travel these days are getting canceled.  It is one thing for an
individual to fly, it is another thing for an a father or mother to leave
spouse and children at home.   That is very hard to justify at this point.

Thanks for your concern and kindness.

Dick

                     "James,
                     Terrie"              To:     <dick_foster@mckinsey.com>
                     <Terrie.James        cc:     <heidi_smith@mckinsey.com>
                     @ENRON.com>          Subject:     Just Checking In
                     09/18/2001
                     11:27 AM

Dick (and Heidi),

I wanted to check in and make sure you were okay after last week's
tragic events in NYC.  As we move forward with plans for our Management
Conference, let's discuss arrangements for you.  Given the uncertainty
of air travel, we are extending use of our corporate jets to our
speakers.

Hoping you are well,
Terrie James
Senior Director, Public Relations
Enron Broadband Services
(ph) 713.853.7727
(fax) 713.646.3248
terrie.james@enron.com

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 << OLE Object: Picture (Device Independent Bitmap) >>  - att1.eml << File: att1.eml >>


FYI:
This is to inform you that the proposed decision in the rate design phase in
the above proceeding will be issued tomorrow morning.  Comments on the
proposed decision may be electronically served by 6:00 p.m. on Thursday, May
10, and formally filed on Friday, May 11, 2001.  Final Oral Argument remains
scheduled for 9:00 a.m., Friday, May 11.

ALJ Christine Walwyn


David,

I think maybe clarifying "then go to the transaction search" with something
like " then click on the Transaction History tab at the top of the screen"
might be
helpful.

David Forster@ENRON
03/09/2001 10:54 AM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Communication Error Message

Message as discussed.
---------------------- Forwarded by David Forster/Corp/Enron on 03/09/2001
10:59 AM ---------------------------

David Forster
03/01/2001 04:07 PM
To: Jay Webb/HOU/ECT
cc: Savita Puthigai/NA/Enron@Enron

Subject: Communication Error Message

Jay,

Here is the current communication error message:

Can you please replace the above paragraph as follows:

"YOUR TRANSACTION MAY OR MAY NOT HAVE BEEN SUCCESSFUL due to a communication
failure."
"To confirm whether or not your transaction was successful, please try to
login again and use the "Transaction History" function to see a list of all
your completed transactions.

If you have any questions or are not certain of the status of a transaction,
please contact us immediately on:"

Thanks,

Dave


pls print for my mtg tomorrow.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/05/2000
05:02 PM ---------------------------

	From:  Dan Fancler                           12/05/2000 04:17 PM

To: Dan Fancler/ET&S/Enron@Enron
cc: Drew Fossum@ENRON, Tony Pryor/ET&S/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, Lee Ferrell/ET&S/Enron@Enron, Bob
Chandler/ET&S/Enron@Enron

Subject: Re: ETS risk management policy revisions

Tony Pryor recommended that I put back into the policy section II A &B so
that at our meeting tomorrow at 10:00 A.M. we can discuss them.  Please use
this copy of the draft dated 12/5/00 to discuss from tomorrow.

	From:  Dan Fancler                           12/01/2000 11:28 AM

To: Drew Fossum@ENRON, Tony Pryor/ET&S/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, Lee Ferrell/ET&S/Enron@Enron
cc: Bob Chandler/ET&S/Enron@Enron

Subject: ETS risk management policy revisions

I have included Drew's recommendations and have amended the 11/6/2000 drafts
of the ETS Risk Policy and Risk Procedure.  The significant change made was
to take out references to Hedging and Non-Hedging Transactions (II A. & B.
have been taken out).  We will just call them all Derivative Transactions.  I
would like Tony Pryor to arrange a meeting with all parties to move these
documents forward, an alternative is to continue to use the Corporate Risk
Management Policy and just set the trading limits as part of the Corporate
Policy.

Cassandra Schultz in RAC has not responded to the policy and I plan to
follow-up with her after we meet to discuss.

Dan


---------------------- Forwarded by Steven J Kean/HOU/EES on 07/27/2000 09:43
AM ---------------------------
   Amber Keenan @ ECT                07/26/2000 08:25 AM

To: Tom Briggs/NA/Enron@Enron, Philip Davies/LON/ECT@ECT, Paul Dawson/Govt.
Affairs/LON/ECT@ECT, Christopher J Day/Govt. Affairs/LON/ECT@ECT, Nailia
Dindarova/LON/ECT@ECT, Viviana Florio/LON/ECT@ECT, Kyran Hanks/LON/ECT@ECT,
Paul Hennemeyer/LON/ECT@ECT, Alfredo Huertas/LON/ECT@ECT, Stephen
Jones/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Peter Styles/LON/ECT@ECT, Teun
Van Biert/LON/ECT@ECT, Doug Wood/LON/ECT@ECT, Steven J Kean/HOU/EES@EES,
Richard Shapiro/HOU/EES@EES, Amr Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Michael Grimes/AP/Enron@Enron, Nicholas O'Day/AP/Enron@Enron, Mac
McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
McGrory/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stella
Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris Long/Corp/Enron@ENRON, Joe
Hillings/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Fabio
Greco/LON/ECT@ECT, Tommaso Corrado/LON/ECT@ECT, John D Burrows/HOU/EES@EES,
Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carsten Haack/FRA/ECT@ECT,
Justyna Ozegalska/WAR/ECT@ECT, Heribert Kresse/FRA/ECT@ECT
cc: Beverley Ashcroft/LON/ECT@ECT, Fiona Sayers/LON/ECT@ECT, Kerryann
Irwin/LON/ECT@ECT, David Gonzalez/LON/ECT@ECT, Sadia Haider/LON/ECT@ECT
Subject: Government Affairs off-site presentations June 2000

Please find attached the presentations that were made during the Government
and Regulatory Affairs off-site in June.  Apologies for the delay.

THE BRATTLE GROUP

KYRAN HANKS & DUNG TRAN

JIM STEFFES

DONALD LASSERE

PAUL DAWSON

PHILIP DAVIES

ALFREDO HUERTAS

DOUG WOOD

PETER STYLES

STEPHEN JONES


who the hell is this bozo?