Cash-Strapped Farms Embrace Winds of Change Agriculture: Electricity-generating turbines are cropping up across America.
Los Angeles Times, 09/16/01
INDIA PRESS: Foreign Lenders May Exit Dabhol Power Proj
Dow Jones International News, 09/16/01
India: 'DPC may have to pay $20 m as interest for Sept'
Business Line (The Hindu), 09/15/01
India: Reliance not keen on DPC: Mukesh Ambani
Business Line (The Hindu), 09/15/01
EQUITY MARKETS - Alkane works old seams for new energy - SMALLER COMPANIES.
Financial Times, 09/15/01
California Power Grid Still Needs Bolstering
KRTBN Knight-Ridder Tribune Business News: Contra Costa Times - Walnut Creek, California, 09/15/01

Exxon Mobil, Sunoco, Enron Join in U.S. Aid Donations (Update1)
Bloomberg, 09/15/01

California; Advance Desk
Cash-Strapped Farms Embrace Winds of Change Agriculture: Electricity-generating turbines are cropping up across America.
H. JOSEF HEBERT
ASSOCIATED PRESS

09/16/2001
Los Angeles Times
Bulldog Edition
B-2
Copyright 2001 / The Times Mirror Company

WALLULA JUNCTION, Wash. -- Like many ranchers facing pressure from developers, Shirley Hindman worries that one day she might have to break up her Nine Mile Ranch, one of the largest spreads in the Walla Walla Valley.
"That would make me sick," she says.
But now she and her father, Billy, have found another way to protect their 14,000 acres of sagebrush-covered hills and canyonland. The answer has come in the wind--something "we have plenty of," she says.
And something also in growing demand.
Soon the ridgelines across U.S. 12 from Hindman's corrals will be dotted by windmills. By next year Hindman and several other property owners, including a nearby college, expect to be landlords to the world's largest wind farm.
Along southeastern Washington and into neighboring Oregon, 450 Danish-built windmills--sleek white towers 200 feet high with rotors 200 feet across--will churn out enough power for 75,000 families served by Pacificorp, one of the Northwest's leading electric utilities.
Nearly 100 of the wind turbines already are producing. Gravel roads and concrete slabs for the others are in place. "It will help us keep Nine Mile. It will help us sustain a way of life," says Hugh Preston, Hindman's husband.
More than just an economic hedge for farmers and ranchers, wind farms across the West and upper Midwest are emerging as a growing part of the nation's electricity picture. Major projects are operating or earmarked for completion within a year in Kansas, Minnesota, Montana, Nevada and Texas.
While windmills still account for only a fraction of 1% of the electricity produced in the United States, they no longer are the exotic playthings of a few dreamers. Increasingly, big-time players are showing interest in wind to supplement fossil fuel-powered electricity plants, nuclear reactors and hydroelectric dams.
"Wind is a technology that's now reliable and proven," says Robert Morrison, vice president for renewable business development at FPL Energy, the Florida-based company building the 300-megawatt Oregon-Washington project. The cost of generating electricity from wind has declined from 38 cents a kilowatt-hour 20 years ago, to 3 to 5 cents a kilowatt hour in today's larger projects, says the industry. That's competitive with natural gas.
"Suddenly this stuff is economical," says Morrison, whose company has other wind projects under way or being planned in a half-dozen states including Texas, Kansas and Wisconsin.
Other emerging players include Enron, the giant Houston-based energy conglomerate, and the government's Bonneville Power Administration, which this year sought $1 billion worth of wind energy projects and received more bids than expected.
"The response blew us away," said George Darr, Bonneville's manager for renewable resources. Some of the projects will begin operating late next year.
Windmills now account for only about 2,500 megawatts of generating capacity nationwide, but the production is expected almost to double by the end of 2001 to provide enough electricity for 1.3 million households. The industry anticipates that in two decades wind power will grow to 100,000 megawatts and account for 6% of the country's electricity.
In comparison, nuclear power currently provides about 20% of U.S. electricity, coal-fired plants 52%.
Wind's sudden popularity has astounded even its biggest boosters.
"We are in a boom year," says Randall Swisher, executive director of the American Wind Energy Assn., the industry's trade group in Washington, D.C. "We are expecting huge growth, especially in the West."
That is good news for David Bittersdorf, president of NRG Systems Inc., a Vermont company that makes wind-measuring devices. "We've grown 40% this year," he says. His company, which had $10 million in sales, expects business to quadruple over the next five years.
For the Hindman family at Nine Mile Ranch, turbines rising from the scrub mean cash in the bank, while not interfering with their 700 head of cattle. Typically, farmers and ranchers involved in such lease arrangements get about $2,000 a year per turbine.
"Wind is a very lucrative crop for farmers," says Bill Clemens, president of the Chamber of Commerce in nearby Walla Walla. The windmills are "a real curiosity" and may even add to the valley's tourist trade, he said.
Ironically, the region does not provide the most ideal location for wind power.
What some call the Saudi Arabia of wind stretches from eastern Montana and the Dakotas, through Kansas, Nebraska and into Texas--a region with enough wind potential to power the nation, according to the Energy Department.
James Dehlsen, an early wind energy pioneer, dreams of putting together a massive wind complex of 2,000 turbines stretching over 90 miles of prairie in South Dakota. It would be 10 times as large as the Washington-Oregon project and produce a staggering 3,000 megawatts of electricity.
"We're at the early stages of the project," said Dehlsen, founder of the Zond Corp., a U.S. wind turbine manufacturer that has since been bought by Enron. But he said he already has a commitments from 150 farmers for use of 176,000 acres.

PHOTO: "Wind is a technology that's now reliable and proven," says Robert Morrison, vice president for FPL Energy, the Florida-based company building the 300-megawatt Oregon-Washington project.; ; PHOTOGRAPHER: JEFF HORNER / Walla Walla Union-Bulletin / Associated Press
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA PRESS: Foreign Lenders May Exit Dabhol Power Proj

09/16/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- Foreign lenders to U.S. energy company Enron Corp.'s (ENE) Indian unit, Dabhol Power Co., may exit the power project located in the western state of Maharashtra, reports the Business Standard, quoting Press Trust of India.
"The 15-odd foreign lenders have now declined to disburse funds urgently needed for care and preservation of the project. The offshore lenders might be inclined toward the quickest exit route from this project," PTI quoted Dabhol Power spokesman Jimmy Mogal as saying, according to the report.
Dabhol is a 2,184-megawatt power project in the western Indian state of Maharashtra. Enron holds a controlling 65% stake in Dabhol.
Enron has threatened to pull out of the Dabhol project following payment disputes with its sole buyer, the Maharashtra State Electricity Board, and the failure of India's federal government to honor a payment guarantee for the Dabhol project. Web site: www.business-standard.com

- By Himendra Kumar, Dow Jones Newswires; 91-11-461-9426; himendra.kumar@dowjones.com

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

India: 'DPC may have to pay $20 m as interest for Sept'

09/15/2001
Business Line (The Hindu)
Fin. Times Info Ltd-Asia Africa Intel Wire. Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd

MUMBAI, Sept. 14. ENRON'S Dabhol Power Company will have to make interest payments of $20 million for September 2001.
The prospect of paying its "lenders and bankers" led the company to invoke a letter of credit for Rs 136 crore, drawn on the Canara bank, the company's lawyer Mr P. Chidambaram, told the Bombay High Court on Friday.
The company's 728-MW phase one plant has remained unused after MSEB stopped buying power and rescinded the PPA. The second phase is still incomplete.
The Maharashtra State Electricity Board is DPC's sole customer and source of income. The company may reportedly find it difficult to make interest payments to lenders after the end of this month due to paucity of funds.
- Our Bureau

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

India: Reliance not keen on DPC: Mukesh Ambani

09/15/2001
Business Line (The Hindu)
Fin. Times Info Ltd-Asia Africa Intel Wire. Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd

MUMBAI, Sept. 14. RELIANCE Industries Ltd has ruled out any possibility of picking up a stake in Enron's Dabhol Power Company (DPC).
"We have our hands full at the moment. And we are simply not interested in the project," said Mr Mukesh Ambani, Vice-Chairman and Managing Director, Reliance Industries Ltd, here on Friday.
Mr Ambani denied reports that the group was interested in picking up a stake in the 2,184-MW project, which had been hanging fire after the Maharashtra State Electricity Board stopped buying power citing expensive rates.
The group has plans to set up a 3960-MW independent power producing unit at Hirma in Orissa.
He said the Reliance group planned to set up extra tankages for storing liquefied natural gas in Gujarat.
The gas will be transported through the planned LNG pipeline to "land-locked regions".
The pipeline is scheduled to run parallel to the 1,700-km Central India pipeline planned by Petronet India Ltd for transporting petroleum products to the northern States. "We have planned two cross-country pipelines to link the relatively fuel-rich coastal areas with locations in interior regions," Mr Ambani said.
- Our Bureau

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

EQUITY MARKETS - Alkane works old seams for new energy - SMALLER COMPANIES.
By DAVID BLACKWELL.

09/15/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

In the days when Britain had a thriving coal industry, miners sometimes tapped the methane gas that seeps from coal seams to heat the water for their baths. It made sense to utilise what was virtually free energy. But the closure of most of the UK's mines left the dangerous and environmentally damaging gas venting into the atmosphere.
Alkane Energy was founded in the early 1990s to look into the commercial possibilities of harnessing methane. This week the company said it planned to open 100 methane production platforms across the UK in the next five years.
Among greenhouse gases, methane is far more harmful than carbon dioxide. Yet at relatively low concentrations it can be used to generate electricity for about half the cost of natural gas.
Alkane has three production sites in the East Midlands. It believes the gas it is already capturing for commercial use has the same environmental benefit as taking 100,000 cars off the roads.
The company has started building a further six plants to extract methane from abandoned coal mines. It has signed memorandums of understanding with Enron, the US energy group, which is interested in 10 sites, and Scottish & Southern, which is interested in five.
Alkane's strategy is to get electricity supply companies to build their own generating plant at the sites and contract to buy gas on a take-or-pay basis. The advantage to the generator is that the gas costs 12p a therm compared with other natural gas prices of about 25p a therm.
But the pioneering nature of the work is illustrated by problems at the company's first site at Markham, Derbyshire, opened in early 1999. The site supplies gas not to an electricity generator but to Coalite, which uses it in its chemical distillation processes for soaps and disinfectants.
After running well initially, production was hit by an air leak from a mine three miles away, diluting the concentration of methane. David Cross, chief executive and one of the founders of Alkane, says the leak has been sealed and the concentration of methane is starting to rise. But it will be some time before production is back to normal levels.
SG, the company's broker, is expecting Alkane to make profits of #1.25m next year, rising to #5.24m in 2003. But the problems at Markham pushed the company #363,000 into the red at the operating level in the first half this year as sales fell from #707,000 to #552,000.
Mark Redway, oil analyst at Teather & Greenwood, says this sort of energy company should be encouraged because of the clear environmental benefits, but he warns that there seems to be a "green premium" in the share price of just over 100p.
Markham has revealed technical risks, Redway says, and highlighted the fact that some problems show up only when a site is up and running. "In addition, the roll-out programme makes the considerable assumption that the company can find a buyer for all its sites," he says.
Cross believes most of the technical problems of production have been solved. The site at Shirebrook, Derbyshire, "has run from the day it opened in January last year with no problems". It is producing 6 1/2m therms a year, enough to drive a 10MW generator and supply power for 10,000 houses.
When the company floated last December, raising #30m at 90p a share, it detailed the problems at Markham in its prospectus. At the end of the first half Alkane had #24m on the balance sheet, enough to cover the opening programme for the next two years.
David Blackwell.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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

California Power Grid Still Needs Bolstering
Rick Jurgens

09/15/2001
KRTBN Knight-Ridder Tribune Business News: Contra Costa Times - Walnut Creek, California
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World Reporter (TM)

Not surprisingly, Tuesday's terrorist attacks 3,000 miles away did not disrupt operations of California's fragile power grid, but they did slow up efforts to stabilize and restore financial health to the state's electricity industry.
The day of the attack, the California Independent System Operator experienced no operational problems but did step up security at the Folsom and Alhambra control centers, where it manages the grid, said Stephanie McCorkle, a spokeswoman.
For the electricity buyers at the California Department of Water Resources, Tuesday was "a somewhat normal day," said Oscar Hidalgo, a spokesman for the agency that procures power for customers of the state's cash-strapped utilities. "We didn't see any fluctuations in prices that were significantly up or down," he said. All but a "skeletal crew" of DWR employees were sent home for security reasons, but power buying and selling continued normally, he said.
That was despite the evacuation of some large Houston trading floors where short-term contracts to deliver electricity and natural gas normally change hands. Reliant Energy sent home most of its employees, halting speculative or risk-management transactions, but a handful of traders remained to handle physical transactions affecting the dispatch of generation capacity and the flow of power and gas, said spokeswoman Sandy Fruhman.
San Jose-based power plant operator Calpine Corp. said the mayor of Houston ordered the trading floor evacuation, but that did not knock Calpine out of the market. "They moved the people to another location to continue trading," said spokesman Bill Highlander. "It was a disruption, but a minor one."
Wholesale giant Enron also closed Tuesday. It reopened for a half day of trading on Wednesday and resumed full trading Thursday, said spokesman Eric Thode. The giant market maker saw a brief 4 percent run-up in natural gas prices, but those prices soon fell back to their pre-attack levels, while electricity prices were up a barely noticeable $1 or $2 per megawatt hour, he said.
But the attacks seem likely to have some long-term effects on the costs of domestic natural gas and electricity. On Friday, the Federal Energy Regulatory Commission said in a release "that electric, gas, and oil companies may need to adopt and/or update procedures and install facilities that further safeguard electric power grids and natural gas pipelines." The commission, which regulates the wholesale power and natural gas markets, said that it would "approve applications proposing the recovery of prudently incurred costs made in response to the heightened state of alert the country is now experiencing."
More immediately, Tuesday's shutdown of the nation's financial markets delayed the state of California's sale of $5.7 billion of revenue anticipation notes scheduled for Thursday. That short-term financing is needed to tide over the state until its planned sale of $12.5 billion of revenue bonds to finance past and future electricity purchases. The timing of the bond sale was not affected by the market shutdown, because it cannot go forward until related measures are approved by the state Public Utilities Commission, state Treasurer Phil Angelides said in a release.
The week's traumatic events were also blamed by Edison International Chief Financial Officer Ted Craver for banks' inability to extend some of the company's due-to-expire credit lines. A "quickie" two-week extension was provided so that banks, unable to function normally this week, could conduct a more thorough review of the extension application, he said in a conference call Friday.

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

Exxon Mobil, Sunoco, Enron Join in U.S. Aid Donations (Update1)
2001-09-14 17:34 (New York)

Exxon Mobil, Sunoco, Enron Join in U.S. Aid Donations (Update1)

     (Adds Enron donating $1 million in third paragraph.)

     Irving, Texas, Sept. 14 (Bloomberg) -- Exxon Mobil Corp., the
largest publicly traded oil company, said it and its employees
will donate as much as $20 million to relief efforts for Tuesday's
terrorist attacks in the U.S.

     The company, based in Irving, Texas, will donate $5 million
to agencies and charitable organizations assisting surviving
families of the injured and deceased in New York and Washington.
It also will match donations from employees, retired workers,
dealers and distributors on a 3-to-1 basis.

     Enron Corp., the biggest energy trader, said it will donate
$1 million, half to the American Red Cross and half to
organizations set up by New York City to help families of police,
firefighters and emergency medical personnel.

     Houston-based Enron asked its 18,000 employees to donate as
much as $15,000, and the company will add as much as $30,000.

     Terrorists hijacked four commercial airliners, crashing two
into the World Trade Center towers in New York, destroying the
buildings. Another plane crashed into the Pentagon, outside
Washington, collapsing part of the building. The fourth crashed in
western Pennsylvania, about 80 miles from Pittsburgh.

     Philadephia-based Sunoco Inc., one of the biggest fuel
sellers in the U.S. Northeast, said it pledged $1 million for
relief efforts.

     Phillips Petroleum Co., the sixth-largest U.S. oil company,
said it will donate $3 million to the victims of the terrorist
attacks.

     BP Plc, Chevron Corp., Texaco Inc., Amerada Hess Corp. and
Williams Cos. pledged a combined $21 million in the past two days
to help attack victims.


I did but I didn't activate it.  So I thought it wasn't any good anymore and threw it away.

 -----Original Message-----
From: 	Graham, Carolyn
Sent:	Thursday, November 29, 2001 1:21 PM
To:	Whitt, Mark
Subject:	FW: WorldCom Calling Card

Pls confirm that you have received your new WCom calling card.   Thank you.

Carolyn Graham
Enron NetWorks LLC
Vendor Management
713-345-8008


call me when  you get back from depo


***************************************************************
Do you have the skills you need to get a good job?
If you want to secure your future, you need training.
http://links.quinstreet.com/adclick?area=fensuihagunduo
***************************************************************

The Word of the Day for October 20 is:

innocuous   \ih-NAH-kyuh-wus\   (adjective)
     1 : producing no injury : harmless
    *2 : not likely to give offense or to arouse strong feelings
or hostility : inoffensive, insipid

Example sentence:
     Sally was surprised when her seemingly innocuous remark
enraged her classmates.

Did you know?
     "Innocuous" has harmful roots -- it comes to us from the
Latin adjective "innocuus," which was formed by combining the
negative prefix "in-" with a form of the verb "nocere," meaning
"to harm, hurt." In addition, "nocere" gave us the truly
"harmful" words "noxious," "nocent," and even "nocuous."
"Innocent" is from "nocere" as well, although like "innocuous,"
it has the "in-" prefix negating the hurtful possibilities.
"Innocuous" first appeared in print in 1598 with the clearly
Latin-derived meaning "harmless or causing no injury" (as in
"an innocuous gas"). The second sense is a metaphorical
extension of the idea of injury, used to indicate that someone
or something does not cause hurt feelings, or even strong
feelings ("an innocuous book," "innocuous issues").

*Indicates the sense illustrated in the example sentence.

----------------
Brought to you by Merriam-Webster, Inc.
http://www.Merriam-Webster.com
----------------

***************************************************************
Discover the meanings you've been missing!
Click here for your guide to over 900 allusions.
http://www.merriam-webster.com/book/writref/allusion.htm
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Visit http://www.Merriam-Webster.com/service/subinst.htm to
subscribe to or unsubscribe from the Word of the Day mailing list.

To subscribe to the list by e-mail, send a blank e-mail to
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To unsubscribe via e-mail, send a blank e-mail to
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If you have questions about your subscription, write to
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or comments about the Word of the Day to
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(c) 2001 by Merriam-Webster, Incorporated


please set this up
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/06/2000
09:13 AM ---------------------------

Meg Wozny <mwozny@hbs.edu> on 12/06/2000 08:48:48 AM
To: Jeffrey.A.Shankman@enron.com
cc:
Subject: Re: HBS Case Study

Jeff:
A phone call would be great.  Anytime except tomorrow, December 7, works
for me.
Thanks!
Meg

At 03:26 PM 12/5/00 -0600, you wrote:

>I'd like to have my asst set up a phone call with you.  You really won't
>get the whole story in a short email.  Thanks...
>
>Jeff
>
>
>
>
>Meg Wozny <mwozny@hbs.edu> on 12/05/2000 02:25:32 PM
>
>To:   jshankm@enron.com
>cc:
>Subject:  HBS Case Study
>
>
>Jeff:
>I'm working on the Enron case study for Harvard B-school and Cindy
>Derecskey mentioned that you could help me.
>
>When we met with Rick Buy, he mentioned that in 1994, when he joined Enron,
>there were about 10 people in the credit group.  I'd like to get a sense of
>how fast that group grew, and, as I understand, metamorphosed into a
>sophisticated risk management group.  How many people are in the risk
>management group now?
>
>If you prefer to answer this vie phone, please feel free to call me at
>617-496-0802.  I look forward to hearing from you.
>
>Thank you!
>Meg
>**************
>Meg Wozny
>Research Associate
>Harvard Business School
>Gallatin Lounge C
>Soldiers Field
>Boston, MA 02163
>
>voicemail: (617) 496-0802
>facsimile:  (617) 496-6943
>email: mwozny@hbs.edu

**************
Meg Wozny
Research Associate
Harvard Business School
Gallatin Lounge C
Soldiers Field
Boston, MA 02163

voicemail: (617) 496-0802
facsimile:  (617) 496-6943
email: mwozny@hbs.edu


Sounds like fun, and you are definitely planning ahead!

	From:  Sheila Glover                           07/20/2000 08:57 AM

To: Gary Hickerson/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc: Laurel Adams/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Clara
Carrington/HOU/ECT@ECT, Kelly Templeton/Corp/Enron@ENRON, Patti
Thompson/HOU/ECT@ECT, Stella L Ely/HOU/ECT@ECT
Subject: vacation

I am planning a diving trip to Belize for the week of November 27th.
My direct reports are all in for coverage.
Sheila


Please pull a report detailing all incoming faxes received by fax machine
number 713/646-3483, located between EB 3115 and 3114B from September 1
through present.  WE NEED THIS REPORT IMMEDIATELY.  Time is of the essence.
Should you have any questions, please call  me at 35587 or my legal
specialist, Linda Guinn, at 36104.

Richard Sanders
RC 0630
Co. 413


Please find attached Credit's EOL responses for 3/20/00.

Regards
Molly


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/20/2000
10:01 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/20/2000 09:13:31 AM
To: <Ami.Chokshi@enron.com>, <Clarissa.Garcia@enron.com>
cc:

Subject: SS 198 J Revision Effective 6/21/00

Please see the attached revision to be effective 6/21/00.

Thanks,
Steve

 - ss198Jreveff062100.xls


-----Original Message-----
From: 	Dahanayake, Bernard
Sent:	Wednesday, September 12, 2001 12:33 PM
To:	Shackleton, Sara
Cc:	Aucoin, Evelyn; Miroballi, Angelo; Stevens, Mechelle
Subject:	Activity for September 11,2001- Outgoing

Sara,

The following Option Premiums for value September 11,2001 due to the counterparties, do not appear to have been paid on that day.

1.)Tenaska Marketing Ventures USD 1,088,950.00
2.)NRG Power Marketing USD 50,375.00
3.)Dynegy Marketing & Trade USD 141,150.00

In addition the following NYMEX payments appear to be unpaid.
1.)USD 1,962,215.26 AEP Energy
2.)USD 8,250,753.06 Cabot Oil & Gas
3.)USD 205,300.15 Deutsche Bank AG
4.)USD 68,831.10 Fersinsa Gist Brocades
5.)USD GRUPO Imsa USD 304,045.50
6.)USD IGI Resources USD 273,000.00
7.)USD 1,631,129.99 J Aron & Co
8.)USD 5,422,125.00 PG & E Energy Trading - GAS Corp
9.)The Chase Manhattan Bank USD 72,825.02
10.)The Tudor BVI USD 387,198.60
11.)Univex USD 3,737,915.00

CANADIAN DOLLARS
1.)AEP Service Corp - C$ 1,350,910.92
2.)Bankers Trust Co - C$ 46,440.00
3.)Canadian Imp Bank of Commerce - C$ 2,741,537.10
4.)Primewest Energy - C$ 626,310.00

FX Activity non pays
1.)UBS AG - USD 13,939,765.00
2.)The Chase Manhatan Bank USD 50,064.99

1.)Citiabank N.A. - EUROS 10,000,000.00

1.)Citibank N.A. - C$ 7,815,000.00
2.)Compagnie de Papiers Stadacona C$ 1,730,864.00

Thank you,
Bernard
Financial Settlements
3-5766


I am trying to distinguish these two types of entities both practically (what
are we able to negotiate) and legally (what do we really need in our
Schedule).  I am also interested in your experiences in dealing with these
parties.

 ENA's form of "municipal" Schedule ("the ENA Schedule") was essentially
taken from the 1992 ISDA U.S. Municipal Counterparty Schedule ("the ISDA
Schedule").  In addition to other provisions, the ISDA Schedule (1) adds reps
designed to avoid "an Orange County" type meltdown and (2) incorporates the
concept of "Incipient Illegality" (which occurs before the Termination Event
of  Illegality).  The "Incipient Illegality" concept is used  in Section
2(a)(iii) (obligations) as well as the Section 3 (reps) of the ISDA
Schedule:   the concept is added to the Section 3(b) rep ("..absence of Event
of Default, Potential Event of Default, Incipient Illegality...), and for
purposes of notifying the other party of its occurrence.  Interestingly
enough, the ENA Schedule does not include the Section 3(b) rep change.  I
think we need to add this change to ENA's Schedule.

With respect to IOUs, we need to clarify our position on "Regulatory
Development" (which is actually a watered-down "Incipient Illegality"
concept).  If such an event occurs, ENA should be advised of the event
(Notice).  But, does ENA really want the ability to terminate trades at
mid-market ("Additional Termination Event") or simply to have this event
included as part of a Section 3(b) rep such that the occurrence of the event
merely triggers an Event of Default at ENA's side of the curve (for breach of
the Section 3(b) rep)?

I have found that negotiating with IOUs for the "Notice" provision can be
difficult.  Extracting the Additional Termination Event is tough.  Arguing
for a Section 3(b) change may be easier (and would mirror the municipal
format).  I think ENA really needs the ability to decide when to halt trading
with a counterparty experiencing a Regulatory Development (which we may only
learn about through notice from the counterparty).  Thus, I recommend that
for IOUs, we add a notice provision and Section 3(b) rep change incorporating
our latest definition of "Regulatory Development."  But we really have to
negotiate for this protection.  Otherwise, why bother to include this
additional language?

What do you think?


KUDLOW'S TAKE
by Lawrence Kudlow

DECLARING WAR ON RECESSION
Why isn't the administration endorsing bold measures?

October 1, 2001 8:00 a.m.

Crucial to winning the global war against terrorism is a bold plan to wage
war on the domestic recession. But Washington has no such plan. Respected
policymakers look timid, cautious, and out of touch with the reality of a
declining economy. Veteran graybeards advise Congress to do nothing,
seemingly deaf to an economic call to arms.

The latest unemployment claims report ratcheted up nearly 60,000 to
450,000 - a nine-year high. This implies a huge drop in jobs and a big jump
in unemployment is on the way. A just published and miserable durable-goods
report says the technology sector is evaporating in cyberspace. Over the
three months ending in August, a composite high-tech index for shipments
dropped 50.1% at an annual rate. Technology was the biggest contributor to
the economic boom of the 1990s. Now it is the biggest drag. Even consumers
are suffering from terrorist aftershock as weekly chain-store sales are
turning negative.

Something has got to be done, but Washington isn't doing it. The Bush
administration's economic officials have been ineffectual. There is no
action-plan script, no talking points, no communication strategy. In short,
there's no leadership on the domestic economic front. The administration is
performing brilliantly in the early stages of the war against terrorism. But
thus far, it has shown no similar instincts in the war against domestic
recession.

If the domestic slump is left unattended, the nation will eventually become
demoralized. Without economic vitality at home, it will be all the more
difficult to maintain our edge overseas. Rising unemployment drains the
spirit, but we need exactly that spirit to conquer our enemies.

The economy needs a jolt. It needs risk-taking. But policymakers seem
unwilling to take risks. Robert Rubin and Alan Greenspan - who keep telling
us that too much stimulus will cause inflation - are providing more
status-quo thinking at the very moment we need leaders who can size up the
current situation and then think outside the box to provide solutions.

Mr. Rubin's arguments about budget surpluses and long-term bond rates are
red herrings at best. Actually, as the recession-driven federal budget moves
into deficit, Treasury market interest rates are dropping to 40-year lows,
undercutting Rubin's entire argument on the need to maintain budget
surpluses at any economic cost. He has never understood that growth produces
surpluses, rather than the other way around. The former Clinton Treasury man
tells us that demand-side consumer tax rebates are okay while supply-side
tax cuts on successful high-end earners and capital investments are not. Go
figure. This is not economic analysis. It's a plain vanilla,
liberal-redistribution agenda.

Mr. Greenspan, meanwhile, says that capital-gains tax cuts are not the best
way to deal with the economy's short-term problem. Yet it is exactly the
deflation of capital asset values through the stock-market decline and the
deepening slump in business profits that cries out for new incentive rewards
for capital investment. Instead of pompous proclamations, let's do an
historical scrub of the after-effects of cap-gains relief. If we do, it will
show that faster economic growth, rising stock markets, and stronger budget
revenues always follow lower tax-rates on capital investment.

Jack Kemp and Sen. Zell Miller have it exactly right in their editorial
proposal to slash cap gains, accelerate the depreciation of investment in
plant, equipment, and technology, and make the phased-in personal tax-rate
reductions effective immediately. Their monetary view that the Federal
Reserve should abandon its interest rate target in favor of larger emergency
cash injections is also correct.

So, why aren't administration economists endorsing these bold measures? Why
aren't they making the case that it's business that creates jobs, and that
business desperately needs a fresh capital infusion? No amount of consumer
tax rebates will stop the unemployment rate from rising if capital-starved
and profit-losing businesses don't get immediate relief from a permanent
reduction of tax-rates. Bush policymakers should also make the case that the
twin crises of war and recession will require a temporary budget deficit of
roughly 1.5% of GDP ($150 billion) to finance tax-cuts, defense, and
infrastructure-rebuilding policies that are necessary to re-ignite economic
growth.

The public is four-square behind the president in the global war against
terrorism. It will also stand four-square behind the president in the war
against recession. Indeed, the public knows that a strong domestic economy
is vital to the war effort. Since President Bush's spectacular speech
rallying the nation for the global war against terrorism, the Dow Jones
stock index has appreciated 7%, or roughly 600 points. If the president
rallies the nation with a war plan to end recession, the market will rise
exponentially, signaling economic recovery and the revival of the American
spirit.


Hi Shelley,

Thanks so much for the pictures.  You sent the films along, though.  I will
return them to you.   (One packets of pictures is missing, which means one of
your films must still be at Walgreens.  Have Kim check that out.)

I will send the information that came here for you from Associated Realty
about giving proxy to a home owner here for a meeting in early February.  I
will try to attend the meeting when we return. (I believe it's Feb. 7th.  We
hope to be back by the 5th.)

We'll call you tonight.

Love,
Mom


Hi John,

The enovate version looks fine.  I suggest this change to the Peoples version:

iv) is required to be disclosed to comply with any applicable law, order,
regulation or ruling or to enforce enovate,s or PMW,s rights in court or in
an arbitration proceeding in connection with the Limited Liability Company
Agreement of envoate dated April 26, 2000, as amended, modified, and
supplemented from time to time (the &LLC Agreement8). If PEC is requested or
required (by oral question, interrogatories, requests for information or
documents, subpoena, civil investigative demand or similar process) to
disclose any Confidential Information, PEC will promptly notify ENA of such
request or requirement so that ENA may seek an appropriate protective order
or waiver in compliance with provisions of this Agreement.  If PEC and ENA
are both parties to the proceeding, PEC will agree to an appropriate
protective order.

Thanks,

Kay


FYI - our phone call

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/31/2001 01:21 PM -----

	Samantha Boyd@ENRON
	01/29/2001 04:59 PM

		 To: dooleys@coned.com
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: Sylvia at Con Edison

Per Sara Shackleton's previous e-mail, attached for your review is Enron
North America Corp.'s form of guaranty with most of your requested changes
(the "ENA Guaranty") and a comparison of your guaranty markup against the ENA
Guaranty.

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


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Thank you very much for the note.  Sorry I am so late replying (I am on my
way to another round -- House hearings this time -- and was recalling your
note).  It is amazing to me how many people saw the hearing on C-span
(nothing worthwhile on the Weather Channel, I guess).  Thanks again, and
welcome aboard.

	Daniel Lisk@ECT
	02/02/2001 11:10 AM

		 To: skean@enron.com
		 cc:
		 Subject: Thank you.

Mr. Kean,

I would like to tell you I watched your testimony  from Wednesday's Senate
hearing on C-Span and was very proud to be a member of the Enron team.

I am a new employee in the Gas Logistics department, scheduling PG&E
Northwest for the West Desk (Rockies).  I am also new to the industry and
unfamiliar with most external factors affecting the current situation
regarding the sell of Natural Gas to California.  I found your presentation
and testimony enlightening, direct, and informative.

Thank you for showing to the world Enron is synonymous with intelligence,
knowledge, and respect.

Respectfully,
Daniel Lisk


Dear Dad and Mark,
I am attaching the resume of the lovely and talented
Ms. Amanda Day who, like all wise soon to be graduates
of businees school, is very interested in a position
at Enron.
Of course she would be an incredibly valuable addition
to the Enron team and to Houston. If you have any
questions about her character, achievements, or goals,
please feel free to contact me.
All my love,
Elizabeth

__________________________________________________
Do You Yahoo!?
Send instant messages & get email alerts with Yahoo! Messenger.
http://im.yahoo.com/
 - Aday Resume.doc


Dynegydirect will be unavailable immediately.  If you have any questions,
please contact eCare.

DYNEGYdirect e- care
Customer Support
Dynegy, Inc.
Ph: (877) 396.3493   Fx: (877) 396.3492
Email: ecare@dynegydirect.com


No - please carry on.

UBS meeting went OK

 -----Original Message-----
From: 	Beck, Sally
Sent:	Wednesday, January 02, 2002 5:53 PM
To:	Kitchen, Louise
Cc:	Hall, Bob M; Lavorato, John
Subject:	Netco Due Diligence

Big Pig:

Met with them today and gave an overview of Operations.  All went well.   The CFO asked about performance measurements regarding costs per transaction.  I described the Operations Pricing Model that I implemented several years ago.  They were also interested in our ability to handle increased transaction flow, and I mentioned that through the OPM we were able to track the increased operational efficiencies that we experienced with the increase in transaction flow.  The CFO asked to get some information regarding OPM.  I have a summary report that reflects the decrease in cost per transaction plotted against the increase in transaction counts.  This is not currently included in the data room.   Do you want to review this before I pass it along to Andy Zipper to provide to the CFO?

UBS:

Eddie Pittarelli (Head of Operations for UBS) called today to reconfirm the numbers of operations personnel slated for Newco.  The spreadsheets that you had forwarded to me Louise (through Amy Fitzpatrick on December 19) totaled 172 for Operations, which included 32 for Gas Logistics.  Eddie said that he was going into a meeting tonight where UBS would again discuss their level of interest.  He wanted to know if the Operations staff was still primarily in tact, and I confirmed that is the case.  Told him that the leads on Gas Risk, Gas Logistics, Power Risk, Settlements and Documentation were all here in place.  He said that depending on the outcome of the meeting tonight that he plans to be in Houston within the next few days.  FYI.


TJ:

I still haven't received my Macroeconomic grades from
last sememter.  I did get a grade report with the
other 3 classes (micro, organization behavior, and
marketing)

I moved in December.  The new address is

5148 Bridgton Court
Dublin, CA 94568

Can you look into it?  Thanks,

--Margaret

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


Mike/Clint-

Water consumption/make-up at Austin is as follows:

Water Make-up rate from the water plant into the demin tank is 120 gpm
Water Usage Rate of the plant at full load is 234.4 gpm

Therefor, when the plant is not running, the tank (300,000 gallon capacity)
is filled at the rate of 120 gpm;
when the plant is running flat out, the net drawdown on the tank is 114.4 gpm
(234.4-120=114.4).

If you do the math, if you start out Monday morning at 6 am and run the plant
for 5 days a week for 15 hours a day, then come Friday evening at 9 pm, there
will
be 44,400 gallons in the tank.  It will then take you 35.5 hours to fill the
tank again which is Sunday at 8:30 am.  If you do the math, you could
potentially run the plant for a full 15 hours on Saturday, but at the end of
the day you would only have 6,240 gallons left in the tank and you could not
fill it in time for Monday morning.

GE's performance program states that the LM6000 without water injection has a
NOx level of about 200 ppm.  Our SCR reduces NOx about 80% (down to 5 ppm)
WITH water injection.  WIthout water injection and starting at 200 ppm the
SCR is probably not going to give you 80% effectiveness, but it might keep us
under the instantaneous NOx limit set out in our permit (~100 ppm).  I will
have to do a little more research on this one.

Based on some initial calculations that we did early on, with a constant
pipeline pressure, heat rate improves by approximately 50 btu/kwh (HHV) for
every 10oF of drop in ambient temperature.  When we run the plant this
summer, we can obviously get some better data.

Hope this helps,

Eric


MARKET NOTICE
December 5, 2001
CAISO Antivirus Program
ISO Market Participants:
As you know, yesterday (December 4, 2001) hundreds of thousands of e-mail
users were hit  by the "Goner" worm virus.  Unfortunately, e-mail messages
from the ISO inadvertently spread this virus to many of your work stations.
The ISO is very concerned that it not spread such viruses either within the
CAISO or to the ISO's Market Participants.  We sincerely regret any
inconvenience this may have caused you.
Several Market Participants have asked about the ISO's procedures for
protecting against and responding to computer virus attacks.  We would like
to update you on our procedures that allow the ISO to detect a virus,
isolate it  quickly, implement countermeasures until the antivirus upgrade
is available and clean and restore our systems (servers and PCs).
The California ISO sends and receives thousands of electronic messages every
day because of who we are and what we do.  During the normal course of
business, the majority of these messages contain attachments exchanging and
providing information.  One method used by malicious programs (Viruses,
Worms, and Trojan-Horses) to spread is by electronic mail.
It is the attachment that carries the malicious program, not the email
itself.  So, when a user opens an infected executable file, the malicious
program is activated and initiates what it is programmed to do.  Examples of
executable files that may be infected include, but not limited to, Word
documents (.doc), Excel spreadsheets (.xls), or Visual Basic files (.vbs).
CAISO's Antivirus Program uses a three-tiered approach where scanning
(detect, clean or delete) is performed on email messages with attachments at
the Gateway Servers, the Mail Servers, and Users' PCs and Laptops.  All
incoming and outgoing email with attachments are scanned for all known
viruses.
That is a key element of an antivirus program.  New viruses or new strains
of computer viruses, worms, and Trojan-Horses are discovered at an alarming
rate.  Antivirus manufacturers try to keep up with the new discoveries and
try to be the first to market with the updates.  There are over 50,000 known
active viruses circulating the Internet today.
On December 4, CAISO experienced a malicious program--Goner Worm--attack
that contaminated our electronic mailing system sometime around 8:30 a.m.
The Goner Worm was a brand new program so our antivirus software was unable
to detect it.  Antivirus software manufacturers discovered this worm on
December 4, between 7:00 and 8:00 a.m.  Later that day, most manufacturers
developed an update to address the Goner Worm.  CAISO received the new
update around 12:00 p.m. and by 3: 30 p.m. our Antivirus Team had our email
system fully restored and functional.
Unfortunately, during the time it took to recover (about 5.5 hours), many
messages were sent out automatically.  We apologize for any inconvenience
this may have caused you.

CAISO strongly recommends that all users take prudent measures to protect
themselves from malicious program contamination.  Precautions all users
should consider include:
*	Unsolicited email messages with attachments from unknown origins
should not be opened, but deleted.
*	When in doubt, DELETE.
*	All email attachments must be scanned before opening.
*	Ensure that your antivirus software is updated regularly and often.
Although we are confident that our precautions ensure virus free
attachments, it is always prudent to always scan the attachments with your
own antivirus software.  Please contact your internal IT security department
for additional information regarding your antivirus program and procedures.
Client Relations Communications.0715
CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>


<<List of Outstanding Issues for Completion of World Hunger Form
Agreement.DOC>>

 Pursuant to Kay Mann's request, attached please find a memo
summarizing the outstanding issues/tasks for completion of the World
Hunger/GE Turbine Form Agreement.
 - List of Outstanding Issues for Completion of World Hunger Form
Agreement.DOC


-----Original Message-----
From: 	Mann, Kay
Sent:	Monday, February 11, 2002 4:42 PM
To:	Pollan, Sylvia S.; Boyt, Eric; Sanchez, Christina
Cc:	McMichael Jr., Ed
Subject:	City of Tallahassee

Please review this letter to see if it is accurate. It would be best to fax it today, if possible.

Is Ed going to sign this?


Mike:

I revised the nit in Section 1 and have attached a new red-line, as well as a
clean copy.  If PW fails to get back to us before I leave today but agrees to
my proposed revisions, please send a copy of the final NDA to Tana Jones.
She can review and confirm that they incorporated my changes and get Mark
Taylor to initial or she can initial on my behalf so that we can get the
document executed before your meeting tomorrow.  If PW does not incorporate
all of my changes, I'll have to consider their changes before we can execute.

Leslie


EES buys the attached volumes at US Chippewa @ NX + .48.


Second Quarter Refund Interest Rate
FERC announced the latest quarterly interest rate applicable to refunds and
carrying charges for second quarter 2001. The rate is 9.02 percent, dropping
from 9.50 percent in the first quarter

http://cips.ferc.fed.us/Q/CIPS/MISC/NR/NR01-18.000.TXT

Notice of Fourth Interstate Public Meeting Scheduled
Today FERC announced the fourth in a series of public meetings to explore
strategies for public participation in the planning process. This seminar
will be held in Seattle, Washington on April 26. Staff will brief the first
three seminars in Albany, chicao and Tampa and discuss problems that surfaced
as well as potential solutions.

http://cips.ferc.fed.us/Q/CIPS/MISC/M_MS/MS032701.000.TXT


Big surprise!
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/16/2001 03:22
PM ---------------------------

"Brashear, Charlotte" <cbrashear@velaw.com> on 03/16/2001 03:18:56 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: The Lion King

   I would love to.  He is going to flip over it!

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, March 16, 2001 3:17 PM
To: Brashear, Charlotte
Cc: Mann Neil (E-mail)
Subject: Re: The Lion King

My guess would be the week of the 4th of July, then again sometime in
August.  I agree that he really should see it.  If you want to take him,
that's great, or we will be glad to take him.

Kay

"Brashear, Charlotte" <cbrashear@velaw.com> on 03/16/2001 03:12:14 PM

To:   "Mann Kay (E-mail)" <kmann@enron.com>
cc:   "Mann Neil (E-mail)" <nmann@erac.com>

Subject:  The Lion King

           I keep forgetting to discuss this with you.  The Lion King will
be
here for the entire month of July, and Michael MUST see it.  I don't care
whether you two take him or me, but it's an absolute.  This will be my
third
time to see it.  The tickets go on sale around June 1.  Do you know yet
when
you will be on vacation?
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Jan,

After much consideration, I have decided not to attend this "non-essential" business function.  Please make all necessary arrangements.

Thanks,

Steve

 -----Original Message-----
From: 	Hitchcock, Dorie
Sent:	Monday, September 24, 2001 12:52 PM
To:	Arap, Sami; Brownfeld, Gail; Bruce, Robert; Calo, Andrea; Corbet, Nancy; Daniels, Eddy; Donovan, Elisa; Evans, Mark (London Legal); Freed, Richard; Gleason, Laurel; Hall, Steve C. (Legal); Hansen, Leslie; Harkness, Cynthia; Henry, Joseph; Hrabik, Joe; Kraske, Paul; Krenz, William; Lee, Matthias; Lundstrom, Bruce; Marsh, Jonathan; Maynard, Michelle; McBride, Jane; McCarrel, Steven; Merten, Eric; Minns, David; Nelson, Bonnie; Nemec, Gerald; Novak, John; Powell, Mark; Ralston, Andrew; Rapp, Bill; Rossi, Robbi; Schwartzenburg, John; Shackleton, Sara; Sinclair, Sarah; 'mike.g.smith@enron.com'; Sole III, Carlos; Stoler, Lou; Watanabe, Luiz; Williams, Robert C.; Wood, Janet
Cc:	Hitchcock, Dorie
Subject:	LEGAL CONFERENCE REPLY FORM

Please send completed reply forms to Dorie Hitchcock no later than Tuesday, September 25.
In order to confirm final details for the Legal Conference, it is critical that we receive everyone's information.

Attached is a PowerPoint file containing the reply form for this event.
There are two options for completing this form:
First Option
Open file
Print page
Type or print information
Fax reply to (713) 646-5800

Second Option
Open file
Enter information directly onto the page by using text boxes
Save file
E-mail reply to dorie.hitchcock@enron.com

Please note that each box should be completed in its entirety.
Thank you for your assistance.

Dorie Hitchcock
Event Manager
Enron
1400 Smith Street
Suite 3640a
Houston, TX  77002
Telephone:  (713) 853-6978
Fax:  (713) 646-5800
Cell:  (713) 594-7093
E-Mail:  dorie.hitchcock@enron.com


please give me the names of the individuals. thanks brad


SENT ON BEHALF OF DEREK FLAMAN:

The following is a response to Bill's question: "When does the tariff require the LC to be renewed?  Do we have some time to wait until mid-December?"

Also attached to this email is Lori Poffenroth's November 9 memo which sets forth Lori's calculations based on WSP/PPA's formulas set forth in their tariffs for Initial Amounts, Revised Amounts, Recommended October 31 Amounts, and Estimated December 31 Amounts.

All of the WSP's and the PPA's Prudential Requirements allow the WSP's and the PPA to reevaluate EDCC's credit limit and/or request additional security from time to time.  While the following sets out in more detail the manner in which each WSP and the PPA can do this, all of the Prudential Requirements are the same in the following two respects: (1) if at any time EDCC's financial obligations to the WSP/PPA (the "Financial Obligations") exceed the existing credit limit (or a certain percentage thereof), the WSP/PPA has the right to request additional security (the "Additional Security"); and (2) if EDCC fails to post the Additional Security within the requisite time period, the WSP/PPA reserves the right to suspend service to EDCC.

Note that, as of today, no WSP/PPA has requested Additional Security.

However, as soon as possible, the following needs to occur in those instances where the October 31 Amount exceeds the Existing Amount: (1) we should post the Additional Security now; or (2) we put ourselves in a position to be able to post the Additional Security within the requisite time period.  Consequently, we do have some time to wait until mid-December provided that (2) has occurred.

As at December 31, we must post the December 31 Amount.

ATCO

Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$300,000	$300,000	$450,000

As at October 31, the Financial Obligations have been calculated to be $300,000 and the posted security is $300,000; therefore, no Additional Security is currently required.  As at December 31, the Financial Obligations have been calculated to be $450,000 and the posted security will have expired; therefore $450,000 of Additional Security will be required at that time.  Such Additional Security will be due within 5 days of ATCO's request.

Enmax

Calgary
Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$475,000	$750,000	$1,850,000

Red Deer
Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$30,000	$40,000	$75,000

Lethbridge
Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$15,000	$35,000	$65,000

As at October 31: for Calgary, the Financial Obligations have been calculated to be $750,000 and the posted security is $475,000 - therefore, the Additional Security which may be required is $275,000; for Red Deer, the Financial Obligations have been calculated to be $40,000 and the posted security is $30,000 - therefore, $10,000 of Additional Security may be required; for Lethbridge, the Financial Obligations have been calculated to be $35,000 and the posted security is $15,000 - therefore, $20,000 of Additional Security may be required.

As at December 31: for Calgary, the Financial Obligations have been calculated to be $1,850,000 and the posted security will have expired - therefore, $1,850,000 of Additional Security will be required at that time; for Red Deer, the Financial Obligations have been calculated to be $75,000 and the posted security will have expired - therefore, $75,000 of Additional Security will be required at that time; for Lethbridge, the Financial Obligations have been calculated to be $65,000 and the posted security will have expired - therefore, $65,000 of Additional Security will be required.

All of the foregoing Additional Security is due within the number of days required by Enmax (i.e. at Enmax's discretion).

EPCOR

Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$150,000	$150,000	$1,000,000

Ponoka

Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$5,000	$12,000	$12,000

As at October 31: for EPCOR, the Financial Obligations have been calculated to be $150,000 and the posted security is $150,000 - therefore, no Additional Security is currently required; for Ponoka, the Financial Obligations have been calculated to be $12,000 and the posted security is $5,000 - therefore, $7,000 of Additional Security may be required.

As at December 31: for EPCOR, the Financial Obligations have been calculated to be $1,000,000 and the posted security will have expired - therefore, $1,000,000 of Additional Security will be required at that time; for Ponoka, the Financial Obligations have been calculated to be $12,000 and the posted security will have expired - therefore, $12,000 of Additional Security will be required at that time.

All of the aforementioned Additional Security is due within 10 business days of EPCOR's request.

Power Pool of Alberta "PPA"

Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$4,800,000	$2,500,000	$6,000,000

As at October 31, the Financial Obligations have been calculated to be $2,500,000 and the posted security is $4,800,000 - therefore, no Additional Security is currently required.

As at December 31, the Financial Obligations have been calculated to be $6,000,000 and the posted security will have expired - therefore, $6,000,000 of Additional Security will be required at that time.

All of the aforementioned Additional Security is due within the number of days set by the PPA (i.e. at the PPA's discretion)

UtiliCorp.

Existing Amount 	Recommended October 31 Amount	Estimated December 31 Amount
$0	Barry/Lori to calculate	Barry/Lori to calculate

UtiliCorp.'s Prudential Requirements, like the other WSP's and PPA's Prudential Requirements, allow UtiliCorp. to re-evaluate EDCC's credit limit and/or request Additional Security from time to time.  To date, UtiliCorp. has not exercised their right to request Additional Security from EDCC.  As such, Financial Obligations with respect to UtiliCorp. have not been calculated.  To be prudent, Barry/Lori will calculate a Recommended October 31 Amount and an Estimated December 31 Amount so that we are prepared in the event that UtiliCorp. does at some point exercise its right to require us to post Additional Security.

Regards,

Derek

Lori Poffenroth's November 9 Memo:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Sarah Butt
Administrative Assistant
Enron Energy Services Canada Corp.
Enron Direct Canada Corp.
403-663-2828


In preparation for the upcoming move to Enron Center South we are moving your Home Directories to a new trading cluster.

WHAT YOU NEED TO DO:
This will occur for you this EVENING after 6:30PM.
We will need to restart your computer in order to complete this action.
Please log out or your computer by 6:30PM, if the machine is not logged off we will reboot the machine in order to complete these actions.
Save your data before going home this evening.
If you have outstanding circumstances and cannot be down, please speak to the tech when he comes to your desk.

HERE ARE A FEW OF THE BENEFITS OF THIS ACTION:
Newer, more stable environment
More disk space available for common data
Faster network connections

HOW THIS WILL EFFECT YOU:
If you are a laptop user and have to work at home, you should save any work to your 'C:' drive on the laptop.  DO NOT use the "My Documents" folder.  When you return to work and reconnect to the network, any changes made to files/folders in the "My Documents" folder may be deleted from the laptop.
Laptops reconnecting to the network for the first time will receive a synchronization error.

RESOLUTION:
Please call the Resolution Center (x3-1411) and they will correct the problem ASAP.
We will have additional Technicians available on the floor if the Resolution Center has any problems.


attached are my changes

 -----Original Message-----
From: 	Bronstein, Mara
Sent:	Monday, November 05, 2001 10:24 AM
To:	Miller, Stephanie; Tycholiz, Barry; Ward, Kim S (Houston); Polsky, Phil; Fuller, Dave; Whitt, Mark; Lucci, Paul T.; Harrison, Tyrell
Subject:	Hot List

Please make changes to hot list and send them back to me asap!
thanks,
Mara

 << File: 10-22-01 Hot List.xls >>


Please do not hesitate to contact me with any questions.

Thanks,
Jennifer


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

The NYISO is reserving hours beginning 08:00 - 09:00, 11:00 - 17:00 and
20:00 - 23:00 in the May 19, 2001 Real-Time Market as well as the following
hours per ECA20001006B to verify prices:

PJM: 02:00, 05:00
OH:  02:00, 05:00, 07:00 - 13:00
HQ:  02:00, 05:00 - 07:00
NE:  02:00, 05:00

Prices in the May 20, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


ok, but can't do anything until jan. rick


The note below from Kevin describes the communications issues we are having with the MOPS system. Apparently we are hopeful that comm will be re-established, on a temporary basis, this afternoon. We have also checked into the device types on the MOPS system to determine how much data can be stored locally. As you can see from the attached file, there are 7 of the 29 field units that will only store up to 7 days of hourly data. After that, we would begin losing data. To avoid losing data, if communication isn't available, we would have to collect locally using laptops.

Gary.

 -----Original Message-----
From: 	Dumas, Kevin
Sent:	Tuesday, March 05, 2002 9:49 AM
To:	Floyd, Jodie
Cc:	Wagoner, Michael; Kenagy, Gary; Rahn, Nick; Basha, Clifford; Jenneret, Lou; Milton, Michael
Subject:	NNG Mops, Offshore SCADA Outage Update

As of this morning, the latest information on the telecommunications outage for the NNG MOPS offshore platforms is;

Sometime on Friday 3/1 a Contractor at the direction of BP- Amoco, terminated the BP analog microwave system that NNG contracts for service to connect Platform 703 back to the coast and installed an new digital microwave system. I appears at this time BP did not plan for the NNG service during this upgrade.

ETS field personnel diagnosed this outage as if it were a equipment failure. The discovery of no equipment was made Monday late morning after flying out to the platform. Communication with BP platform personnel has been ongoing. (BP contracts all comm. support)

As we understand the issue this morning; The BP contractor is on its way from Louisiana and is planning to temporarily reinstall the analog system to allow the NNG data transmission back to the coast. The ETA is later this afternoon and is only a temporary fix.

Additionally, we are checking on the terms of the existing contract and if the payments are current.
We are also looking at other communications options for 703, but any other option will require a capital expenditure for equipment, transportation and a new or updated contract with BP.

If you have any questions, please contact myself or Cliff Basha.


what kind of odds.   the market is saying it's 8:1 chance.  I'm saying there
is a much better chance than that.  i think it's 2:1

From: Jennifer Fraser/ENRON@enronXgate on 04/11/2001 04:11 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE: ng views

wanna wager on that?

Jen Fraser
Enron Global Markets Fundamentals
713-853-4759

 -----Original Message-----
From:  Arnold, John
Sent: Wednesday, April 11, 2001 3:57 PM
To: Fraser, Jennifer
Subject: Re: ng views

may = 495  the rest is the same

From: Jennifer Fraser/ENRON@enronXgate on 04/11/2001 09:04 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: ng views

where's your curve now?
MAy
June
Jul
Aug
Sep
Oct
Nov
Dec Jan 02

Jen Fraser
Enron Global Markets Fundamentals
713-853-4759


All -

Our challenge for the next few months is to build an automated system to
provide differential pricing on thousands of credits [5,000 by year-end].
Most of these credits will be illiquid in terms of market price information,
making the challenge harder, and the end result more important in terms of
competitive pricing advantage. What we need is an overall strategy for how we
plan to achieve this from the quantitative perspective.

Currently we have several models for credit pricing either in use or under
development:
FMC Model (default probability approach). Using Bloomberg's Fair Market (par
yield) Curves, probabilities are generated from the risky-LIBOR, then
default/bankruptcy swap prices computed using expectation methodology.
FMC Model (credit spread approach). Using the FMCs, then directly taking the
LIBOR credit spread at each tenor, adjusting for basis and compounding
differences.
Bond Model (FMC approach). Taking the FMCs as benchmark curves, the model
regresses the input bonds (specific to a name) on the two best fitting
benchmarks. The result is a zero yield curve with the same shape as the FMCs,
but with the level tweaked for the specific issuer. Prices are then generated
using both spread and probability approaches. Under testing.
Bond Model (spline approach). Taking only the bonds specific to an issuer,
the model fits an exponential cubic spline to the zero-coupon price curve,
then builds a zero yield curve from this. Under testing.
Market Prices. For certain liquid names, or sectors/ratings, CDS market
prices are used, then recovery and event discount used to get bankruptcy swap
prices.
KMV. Using Expected Default Frequencies (EDFs) from the KMV model and
database, we will build a model to price default swaps, making appropriate
risk adjustments. KMV is being installed now, so model will be worked on next.

Each of these models returns a price (credit default and bankruptcy), and the
accuracy of the price depends on many factors - liquidity and regulatory
differences between bond and CDS markets, recovery assumptions, risk premia,
capital charges, etc. The aim will be to accurately price as many liquid
names as possible, based upon these models, then use these prices, alongside
other financial information, as the backbone to a full automated pricing
system.

Our inputs to the proposed pricing system for a specific name are model and
market prices for all issuers, alongside name-specific 'soft' data from
credit reports and financial statements. If the credit is liquid enough, a
price will be generated from their own information only. Otherwise, the
credit will be mapped onto a subset of liquid credits, with financial
information and historical price movements providing the mapping and weights.
The model price will then be periodically adjusted to align itself with
market (or trader) prices, and this adjustment will feed back into the
weighting and mapping composition. In loose terms, we could think of the
system price for an illiquid credit as being a weighted average of liquid
market prices (bonds, equities, default swaps), where the weightings are
calibrated using credit analysis, financial ratios, etc.

The key steps to implementing such a system will be:
Establishing what exactly we want to 'predict' - is it a price, a rating, a
probability, or a score? We will need a clean market history to calibrate to,
which we only really have for ratings. We will then need to develop a mapping
from rating/score to price.
Getting and cleaning the historical financial and credit data required to
calibrate the model.
Building the mechanics of the model, ie, the calibration methodology. Neural
nets/fuzzy logic seem the obvious candidates, but which exact methods and
software packages to use?
Determining an automated methodology for mapping names with limited
information into the model.
Getting the "true" market price, in order to feed back an error. At present
such a price exists for very few credits.
Allocating resources to the development. McKinsey claimed such a system would
take 6-10 man-months to develop.

Further ideas or comments are requested, as we need to develop our strategy
asap. The model description above is fairly vague, as we don't yet have the
knowledge needed to fill in the specific details. Further help will be
especially required on this if we are to continue to move at 'internet speed'.

Regards

Ben


Cheryl:

Just a bit of history:  I think that the partial listing of officers on the
(authorized traders) list is only meant to be illustrative of corporate
officers and directors.  The ENA unanimous consent for the relevant company
is the authority for document execution.  If, for example, a VP is authorized
to execute for a particular company (by virtue of a corporate resolution or
unanimous consent) and that particular VP's name does not appear in the
partial listing, exection is not invalidated.  The execution is valid.

Have you had a broker question ENA's authority?

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

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	04/05/2001 03:57 PM

		 To: Stephanie Panus/NA/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT, Keegan Farrell/NA/Enron@Enron
		 Subject: More reasons we need to revise the ENA authorized traders list
generally and right away

Hey Stephanie, we need to revise this list because it does not make sense at
least with respect to ENA.  It does not list key people (e.g. Gary) and it is
inconsistent with the resolutions.  For example, the resolutions say that a
managing director and treasurer can be a designated person to open an account
but ENA does not have such an officer.  There are MD's and then there is a VP
and Treasurer.  There are I think other inconsistencies we need to clear up
to avoid having the accounts invalidated.  Having these points clear is
especially important where, like now, we won't have Gary or Mark Frevert sign
because they are out of town and we need to open the account right away.

I know you are swamped so I will work tonight on revising the List for ENA
tonight and give the revisions to do first thing in the morning.

Can you revise the List for ECT today (or just doublecheck it) so that we do
not have a hold up in executing the Goldman International account for ECT
first thing in the morning.  I promised Sheila Glover we would execute it
right away.

Did we open any ENA accounts in the past two weeks and if so, just to be
clear, can we send them a list that includes Gary's name and title if he
signed.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693


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We had another DAPSA deal come through from the London
office...is this to be handled the same was as the last one...
let me know...thanks...mgg


Please note as of Monday April 9, 2001 you may reach me at the following
number:
( 972 ) 739-2200
New e-mail address will be fvehon@studley.com

E-mail should be up and running by mid-week.
Please call me on my cell phone if you have any questions:
( 214 ) 356-7573
Fred Vehon


Good Morning, Vince!

It seems like it was newsletter day yesterday.   Time is indeed flying!  Will you have a Kaminski's Column today?

Sam


This email reflects today's events in Sacramento. The information provided is
subject to change because of constant flux. However it is important for us to
provide this information for feedback and to caution as to new regulations
that may affect some deals in the making .

Governor Davis, Assembly Women Susan Davis, and Senator Alpert had a press
conference.

They will introduce a rate/bill stabilization plan for SDG&E and an
expediting siting bill. There is no language as of yet.

Although there is no specific language, the following elements may be
included:

The stabilization plan will be applicable to residential and probably
commercial customers in SDG&E
The bill cap may be set at $68 for residential.
The cap will be in place until the end of 2002
There will be language on expediting siting for generation plants

Sam Wehn and Sandra McCubbin have been talking with the CEC executive
director and several legislators about the siting portion of the bill.

Any comments as to the bill cap proposal?


I had to leave early yesterday so I am just getting around to reviewing.   Looks good.   I will call with any comments.

Thanks Tim.


That's what Eric said about the red outfit that Kari Dohn was wearing on
Monday.....

	Richard Shapiro
	11/30/2000 02:54 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: Press Statement on Bad PUC Gas Decision? Need to decide by 4 PM
(PST)

A missing word is a little like a lime green shirt- hard to miss.

From: Jeff Dasovich on 11/30/2000 02:53 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Re: Press Statement on Bad PUC Gas Decision? Need to decide by 4 PM
(PST)

Yep.  Thanks.


-----Original Message-----
From: 	navigator@nisource.com@ENRON [mailto:IMCEANOTES-navigator+40nisource+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, May 31, 2001 4:27 AM
To:	navigator@nisource.com
Subject:	CAPACITY UPDATE EFFECTIVE FOR JUNE 1-3,  2001

                      COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                  MAY 31, 2001

Notice ID: 2766
5 - NO RESPONSE REQUIRED

SUBJECT: CAPACITY UPDATE EFFECTIVE FOR FRIDAY THROUGH SUNDAY, JUNE 1-3, 2001

             CHANGES ARE INDICATED WITH AN *

Effective Friday through Sunday, June 1-3, 2001, capacities will be as
follows:

Excess MDWQ              Available +
ISS Withdrawals          Available
SIT Withdrawals          Available
Imbalance Drawdowns      Available
PAL Lends/Unparks        Available

Excess MDIQ              Not Available + *
ISS Injections           Not Available   *
SIT Injections           Not Available   *
Imbalance Paybacks       Not Available   *
PAL Parks/Loan Paybacks  Not Available   *

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Receipt capacity will be as follows:

TENNESSEE:

Brinker (B12)            20,000
Broad Run (B9)          450,000
Cambridge (B10)          10,000
Dungannon (B11)          40,000
Highland (B17)           25,000
Milford (B18)            30,000
North Greenwood (B22)    10,000
Unionville (B15)         75,000

TEXAS EASTERN:

Delmont (C16)                 0
Eagle (C22)              30,000
Hooker (C9)              25,000
Pennsburg (C23)          50,000
Windridge (C12)          60,000

NATIONAL FUEL:

Independence (M1)        10,000
Ellwood City (L1)        10,000

TRANSCO:

Downingtown (E3)          5,000
Emporia I (E13)         120,000
Rockville (E2)           65,000
Dranesville (E1)         25,000

ALGONQUIN:

Ramapo (R1)              50,000

ANR:

Paulding/Cecil          100,000
(F1, A2)

LEBANON AGGREGATE       225,000
(A4, F2, C4, D3)

TOLEDO AGGREGATE        225,000
(A3, F4, 734462)

COLUMBIA GULF:
(801)

TCO-Leach             2,218,000

Internal point non-firm capacity will be as follows:

Lanham                No Restrictions

Delivery capacity (non-firm) will be as follows:

TRANSCO:

Martins Creek (MA 21)    25,000
Young Woman's Creek       5,000
   (MA 36)

ALGONQUIN:

Hanover (MA 22)         143,000

EQUITRANS:

Fallen Timber (MA 35)    35,000
(MLI K1)

Waynesburg-Rhinehart     30,000
(MA 26) (MLI K2)

OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.

Market Area delivery capacity (non-firm) will be as follows:

Operating Area 1
     Market Area 33       No Restrictions
     Market Area 34       No Restrictions

Operating Area 2
     Market Area 20       No Restrictions

Operating Area 3
     Market Area 15       No Restrictions
     Market Area 16       No Restrictions
     Market Area 17       No Restrictions
     Market Area 18       No Restrictions
     Market Area 19       No Restrictions

Operating Area 4
     Market Area 21       No Restrictions
     Market Area 22       No Restrictions
     Market Area 23       No Restrictions
     Market Area 24       No Restrictions
     Market Area 25       No Restrictions
     Market Area 29       No Restrictions

Operating Area 5
     Market Area 02       No Restrictions
     Market Area 07       No Restrictions

Operating Area 6
     Market Area 10       No Restrictions
     Market Area 11       No Restrictions
     Market Area 12       No Restrictions
     Market Area 13       No Restrictions
     Market Area 14       No Restrictions

Operating Area 7
     Market Area 01       No Restrictions
     Market Area 03       No Restrictions
     Market Area 04       No Restrictions
     Market Area 05       No Restrictions
     Market Area 06       No Restrictions
     Market Area 08       No Restrictions
     Market Area 09       No Restrictions

Operating Area 8
     Market Area 26       No Restrictions
     Market Area 27       No Restrictions
     Market Area 32       No Restrictions
     Market Area 35       No Restrictions
     Market Area 36       No Restrictions
     Market Area 38       No Restrictions
     Market Area 39       No Restrictions
     Market Area 40       No Restrictions

Operating Area 10
     Market Area 28       No Restrictions
     Market Area 30       No Restrictions
     Market Area 31       No Restrictions

If you have any questions, please contact your Account
Representative.


huh?

----- Original Message -----
From: "Amber McGown" <admcgown@ev1.net>
To: <brcc.yf@topica.com>
Sent: Friday, October 19, 2001 10:55 AM
Subject: Re: elders

> whoops, it is just your email because I know who let your secret out.
I'll
> never tell!
>
>
>
>

==================================================================?EASY UNSUBSCRIBE click here: http://topica.com/u/?a84vNF.a9iVHm?Or send an email To: brcc.yf-unsubscribe@topica.com?This email was sent to: dfarmer@enron.com??T O P I C A -- Register now to manage your mail!?http://www.topica.com/partner/tag02/register?==================================================================


Houston-area ET&S employees:  (The Marketing group should have already been
contacted by Jean McFarland.)

Next week, we are going to begin Phase I of the Windows 2000/Outlook
Project.  In this phase, we will be gathering information about the hardware
and software that you are using within your group.

The process will begin with an email inventory.  You will receive an email on
Monday, September 25, with the subject of W2K Inventory-Please Open.  All you
need to do is open the email message.  This email will do a quick inventory
of applications you have installed on your PC or that you may access from the
network, as well as your desktop hardware specifications.  The information
gathered from this email will be stored in a Notes database for reporting.
It is very important that you open this email from your primary workstation.
Please do not open it remotely, or if you're checking someone else's mail.

Mid-week, we will deploy teams to conduct individual interviews to assure
that we have a complete picture of your technical environment.  This process
will take approximately six weeks to complete for all of ETS.  The findings
from these interviews will determine the Phase II start date.

Data Responsibility

As we prepare for this massive effort, we ask that you assist us by doing the
following:
1) identify any business-related applications that may reside locally.
2) remove data from the local drive of your desktop (c:\ and/or d:\), and
store it on your network drive.  The special data requirements of laptop
users will be addressed during the actual migration.
3) remove all non-business-related data from network drives.
4) remove non-company-owned applications from your environment.
5) if you have historical data that does not change, contact the Solution
Center and have a CD created for a more permanent storage method.

Training for Windows 2000/Outlook

Training requirements will be addressed during Phase II by a number of
methods that will include:
hands-on training, which will consist of 1 hour on Windows 2000 and 2 hours
on Outlook,
IPTV video,
tri-fold cards on the Microsoft products, and
CBT (Computer-Based Training).

If you have any questions, comments, or concerns, please feel free to contact
the:

ETS Solution Center at 54745


can you fill this out for me?
----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 12:31 PM -----

	Tara Rafter
	03/02/2001 10:58 AM

		 To: Joe Allen/NA/Enron@Enron, Scott Bolton/Enron Communications@Enron
Communications, Stacey Bolton/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Hap
Boyd/EWC/Enron@Enron, Jeff Brown/NA/Enron@Enron, Margaret
Carson/Corp/Enron@ENRON, Wiley Cauthen/GCO/Enron@ENRON, Carolyn
Cooney/Corp/Enron@ENRON, Shelley Corman/Enron@EnronXGate, Jeff
Dasovich/NA/Enron@Enron, Tom Delaney/Corp/Enron@ENRON, Linda
Fitzgerrell/GCO/Enron@ENRON, Howard Fromer/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Mary Hain/HOU/ECT@ECT, John
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hartsoe/Corp/Enron@ENRON,
Nancy Hetrick/NA/Enron@Enron, Jean Ryall/NA/Enron@ENRON, Robert
Hemstock/CAL/ECT@ECT, Alberto Levy/SA/Enron@Enron, Ron
McNamara/NA/Enron@Enron, Mike Roan/ENRON@enronXgate, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Walton/HOU/ECT@ECT, Ricardo
Charvel/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Stella
Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vinio Floris/Corp/Enron@Enron, Xi
Xi/Enron Communications@Enron Communications, Tracy Cooper/Enron
Communications@Enron Communications, Dan Staines/HOU/ECT@ECT, Kathleen
Sullivan/NA/Enron@ENRON, Kerry Stroup/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Marcie Milner/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Allison Navin/Corp/Enron@ENRON, Lora
Sullivan/Corp/Enron@ENRON, Stephen D Burns/Corp/Enron@ENRON, Tom
Briggs/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patrick Keene/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Joe Hillings/Corp/Enron@ENRON, Barbara A
Hueter/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Paul
Kaufman/PDX/ECT@ECT, Steven J Kean/NA/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Robin Kittel/NA/Enron@Enron, Susan M
Landwehr/NA/Enron@Enron, Donald Lassere/NA/Enron@Enron, Rochelle
Lessner/ENRON@enronxgate, Chris Long/Corp/Enron@ENRON, Dave
Mangskau/Corp/Enron@ENRON, Kathleen E Magruder/HOU/EES@EES, Susan J
Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Becky L
Merola/TNPC/EES@EES, FRED MILLER/ENRON@enronxgate, Mary Kay
Miller/ET&S/Enron@ENRON, Steve Montovano/NA/Enron@Enron, Bill
Moore/NA/Enron@Enron, Sue Nord/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT,
Lou L Pai/HOU/EES@EES, Sarah Novosel/Corp/Enron@ENRON, Christie
Patrick/HOU/ECT@ECT, Mona L Petrochko/NA/Enron@Enron, Scott
Reblitz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marchris
Robinson/NA/Enron@Enron, Thomas S Reichelderfer/DUB/EES@EES, Fred
Rimington/NPNG/Enron@ENRON, Frank Rishe/NA/Enron@Enron, Cynthia
Sandherr/Corp/Enron@ENRON, Gavin Russo/Corp/Enron@ENRON, Dave
Schafer/NA/Enron@ENRON, Richard Scarborough/Corp/Enron@Enron, Jeff
Skilling/Corp/Enron@ENRON, Lon Stanton/ET&S/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Terence H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kathleen Wagner/NA/Enron@Enron, Susan
Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Charles Yeung/HOU/ECT@ECT, Lisa
Yoho/NA/Enron@Enron
		 cc:
		 Subject: Lobbying Questionnaire Clarification

It has come to my attention that there has been some confusion regarding the
Lobbying Questionnaire that I sent out on Feb. 20, 2001 and which is due on
March 9, 2001.  Please note that it is NOT necessary to gather your expenses
attributable to your lobbying activities rather I just need an allocation of
your time/hours spent engaging in such activity during the year 2000.  I
apologize for any confusion.  Thank you - Tara Rafter


Please distribute attached memo to all Enron North America employees.  If you
need additional information, please call my assistant, Patti Thompson at ext.
39106.

Thank you,
Sally Beck
Vice President of Energy Operations


We received some more name changes after the previous report was sent out.
Here is the latest & greatest version.


Start Date: 1/10/02; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011016.txt


Dear Haas Community,

  Sunday, November 18th, between 8:00 AM and noon, several servers will be
shut down for a variety of  maintenance actions, including installation of
new anti virus software. The servers affected will include the NT web
server WEB,  the file servers HCS-DATA and HCS-DATA2, the logon profile
server HCS-MASTER, the personal web site servers FACULTY and STUDENTS,  and
several other non critical servers.  Most of the outages will be of short
(30 minutes or less) duration.

  When WEB is down, web access to all NT based Web sites, including the
EDULINK Career Services, Registration, and Admissions modules, Reserve,
Event Center, group sites, course sites, and Helpdesk will be
interrupted.   While FACULTY and STUDENTS  are being rebooted,  personal
web sites will not be available.  While HCS-DATA , HCS-DATA2, and
HCS-MASTER, are down, logon to the  Haas NT domain will be very slow, and
roaming profiles and home directories will not be available.

Email should not be affected.

As always,  should you experience any problems with computing services
following the maintenance, please contact the information desk in the
Computer Center, or Helpdesk at http://helpdesk.haas.berkeley.edu, phone
510/642-0434.  Please note that Helpdesk is not manned on
weekends.  Requests for help logged during the weekend will be responded to
Monday morning.

Your patience is greatly appreciated.

Thank you.

-----------------------
Haas Computing Services


Here is the other information on PJM.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/28/2000
05:10 PM ---------------------------

	Enron Capital & Trade Resources Corp. - Europe

	From:  Kirstee Hewitt                           07/28/2000 02:08 PM

To: Cantekin Dincerler/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Grant
Masson/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT
cc: Steven Leppard/LON/ECT@ECT
Subject: MG VaR Results for the 27th July

Hi,
I have run the VaR with updated factor loadings for the gold,silver and cocoa
bean positions. The biggest change in VaR from
adding this information has been to the Cocoa bean position which has
increased from approx $45,900 to $506,553.
The overal VaR has not changed by very much as the position file I was sent
from Andreas had not changed from the 26th - I
have queried this and it will not be a problem to re-run the numbers on
Monday if I recieve a further file.
The VaR summary for all the metals is as follows :

Also, after having a conversation with Bjorn about stress/scenario analysis I
thought I might quickly try to set up a few scenarios to
see how sensitive the VaR is to a position change in Aluminium, Nickel and
Copper.
I have only applied position increases (thge direction of the shifts are
dependent on the monthly outright position direction) up until Dec2000.
The shifts and results are given in the following attached spreadsheet.

It is interesting that the individual VaR's are particuarly sensitive to
increasing the position for Nickel.
I would like to discuss these results on Monday and any further suggestions
for senarios would also be gratefully recieved.

Have a good weekend,
Kirstee.


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

	Enron Capital & Trade Resources Corp.

	From:  epsa@mindspring.com                           03/21/2001 02:25 PM

Please respond to epsa@mindspring.com
To: mary.hain@enron.com
cc:
Subject: EPSA Memo on the Role of Environmental Regulations in California

Please see the attached memorandum.

 - CA issues draft letter memo 0301.doc


Hello all:

Norberto telephoned me this morning and will not be able to come on
Friday, May 5th.  We have rescheduled the interview for Monday, May 1.

The times are as follows:

Vasant Shanbhogue  1:00 PM
Vince Kaminski  1:15 PM
Clayton Vernon  1:30 PM
Stinson Gibner  1:45 PM
Tanya Tamarchenko  2:00 PM
Grant Masson   2:15 PM

They will be conducted in EB1938

Thanks!

Shirley


Attached is a new version of the power cost model incorporating Roger's
updated info (retained generation costs and QF capacity payments).  It
improves the outlook for PG&E by > $2.00/MWH, mainly as a result of lower
cost estimates for their hydro.  SCE's numbers remains about the same.  FYI,
the prices in the model are at mid.  The switch to change to offer is now on
the Summary page.

Roger Yang@EES
01/12/2001 04:01 PM
To: James D Steffes/NA/Enron@ENRON
cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Michael Tribolet/Corp/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT@ENRON, Mary Hain/HOU/ECT@ECT@ENRON, Paul
Kaufman/PDX/ECT@ECT@ENRON, Sandra McCubbin/NA/Enron@Enron, Scott
Stoness/HOU/EES@EES, Robert Badeer/HOU/ECT@ECT@ENRON, Tim
Belden/HOU/ECT@ECT@ENRON, Stephen Swain/PDX/ECT@ECT@ENRON, Travis
McCullough/HOU/ECT@ECT@ENRON, Andre
Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Shelia
Benke/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Don
Black/HOU/EES@EES, Gordon Savage/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON,
William S Bradford/HOU/ECT@ECT@ENRON

Subject: Re: Financial Analysis of PG&E and Proposed Terms for Settlement

Attached is an update of utility delivery rates, native generation
weighted-average costs, and QF capacity payments and generation.

Roger


Dear CYNTHIA,

Congratulations!

You have been successfully enrolled in the course
'Basics of Risk Management'.

Course details are provided below:

Course Type     : Instructor Led Course
Course Code     : RISK100

Session Code    : 111501
Number of Units : 12
Price           : $600.00

Location        : EB552
                  Enron Building
                  1400 Smith
                  Houston

Meetings        :
      Start Time:  Nov 15, 2001 8:00 AM
        End Time:  Nov 16, 2001 12:00 PM
     No instructors or rooms have been assigned to this meeting.

You will receive a reminder before the session starts.

Thank you.


Sara,

The executing broker agreement for Raymond James is currently in the legal
process.  Raymond James has informed us that they will not execute any trades
for us until the agreement is complete.  Therefore, can we please move this
agreement up on the priority list.

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

Thanks,
Aneela
:-)


MEETING ROOM : eb30c1

1. Weather Update

2.  Technical Analysis Update

3. Transmission 102 - Lance Cunningham & Martin Lin & Jeffery Wilson


October 18, 2001
Entity:        Midcoast Marketing
Svc Req K:     600473
Rate Schedule:      TABS-1
OIA:                79501
Prod Mo:            September, 2001
Imbal Type:    DS
Imbal Qty:     1200
Contact Name:       Maria Massey
Contact Phone:      (713) 821-2034

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

NOTE:

Duke Energy Gas Transmission respects your online time and privacy.
You have received this email because you elected to subscribe. To
unsubscribe, login to the E-mail Notification Subscription page at
http://www.link.duke-energy.com/script2/Notification.asp
uncheck the appropriate checkbox, and click the Submit button.


Yep, that sounds right.  This time travel thing always throws me for a
loop.

<<< Memo from Kevin.Ruscitti@enron.com on 05 October, 2001, 13:00
Friday >>>

Kevin.Ruscitti@enron.com on 5 Oct 2001, 13:00 Friday

To:	Richard Moller
cc:
Subject:	RE: Yo!

It didn't down here b/c I watched it from 5:15 - 6pm unless it actually
came
on 4pm down here with the time difference.  I bet that's what happened.

KR

-----Original Message-----
From: Richard Moller [mailto:Richard.J.Moller@marshmc.com]
Sent: Friday, October 05, 2001 9:27 AM
To: Ruscitti, Kevin
Subject: RE: Yo!

Actually, it went on towards the end of the hour, about 5:45.  I can
get you a copy.

<<< Memo from Kevin.Ruscitti@enron.com on 05 October, 2001, 09:07
Friday >>>

Kevin.Ruscitti@enron.com on 5 Oct 2001, 09:07 Friday

To:	Richard Moller
cc:
Subject:	RE: Yo!

You'll never believe it but I turned it on at 5:10 so I guess your
interview
was over.  If you have a copy, please send me a copy and I'll pay you
for it.
How's everything going?  Hope all is well.  Talk to you soon.

Kevin

-----Original Message-----
From: Richard Moller [mailto:Richard.J.Moller@marshmc.com]
Sent: Thursday, October 04, 2001 4:04 PM
To: Ruscitti, Kevin
Subject: Yo!

What's Happenin'?  Did you catch the interview on Fox?  The babe who
interviewed me was sooooooooo hot that all I could think of was how
good she must taste.

**********************************************************************
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.
**********************************************************************

To:	Richard Moller/NYC-NY/US/Marsh/MMC@MMC
cc:
From:	Kevin.Ruscitti@enron.com

To:	Richard Moller/NYC-NY/US/Marsh/MMC@MMC
cc:
From:	Kevin.Ruscitti@enron.com