FYI.

Ravi.

----- Forwarded by Ravi Thuraisingham/Enron Communications on 03/06/00 12:46
PM -----

	Jeanette Busse
	03/01/00 03:02 PM

		 To: Dayne Relihan/Enron Communications@Enron Communications, Dorn
Hetzel/Enron Communications@Enron Communications, Jeanette Busse/Enron
Communications@Enron Communications, Jim Irvine/Enron Communications@Enron
Communications, John Bloomer/Enron Communications@Enron Communications, John
Griebling/Enron Communications@Enron Communications, Kelly Williams/Enron
Communications@Enron Communications, Kenny Burroughs/Enron
Communications@Enron Communications, Kevin Kohnstamm/Enron
Communications@Enron Communications, Laura Beneville/Enron
Communications@Enron Communications, Phil Sisneros/Enron Communications@Enron
Communications, Ravi Thuraisingham/Enron Communications@Enron Communications,
Rob Kolosvary/Enron Communications@Enron Communications, Scott Smith/Enron
Communications@Enron Communications, Steve Elliott/Enron Communications@Enron
Communications, Steve McNear/Enron Communications@Enron Communications, Tom
Huntington/Enron Communications@Enron Communications, Rebecca Lynch/Enron
Communications@Enron Communications, David Cox/Enron Communications@Enron
Communications, Kenton Erwin/Enron Communications@Enron Communications
		 cc: John Griebling/Enron Communications@Enron Communications, Sheryl
Lara/Enron Communications@Enron Communications, Nicole Gilson/Enron
Communications@Enron Communications, Jennifer Adams/Enron
Communications@Enron Communications
		 Subject: IMPORTANT:  Mountain Top Meetings scheduled for next week

Team,

John Griebling requests the following individuals return to the Omni Hotel at
Interlocken in Broomfield, CO for Mountain Top meetings to begin at 12:00pm
(noon) on March 7th in the Mountain Top Suite #1139..   Please be prepared to
stay in Broomfield CO at the Omni Hotel through March 10th, 3:00pm.

The Mountain Top teams are assembled as follows:

Required Technical Team Attendance  Required Contract Negotiation Team
Laura Beneville      Steve Elliott
Kenny Burroughs     John Griebling
Jim Irvine      Tom Huntington
Dayne Relihan      Kenton Erwin
Phil Sisneros
Rebecca Lynch  (new team member)   Contract Negotiation Team (Attendance
Requested)
Jeanette Busse      David Cox
Scott Smith      Dorn Hetzel
Ravi Thuraisingham
Rob Kolosvary
Kelly Williams (approved by Kenny Burroughs)

Please let me know if you have any questions,  I can be reached on my cell
phone at 503-887-6397.

Best regards,

Jeanette

====================================================
Jeanette A. Busse
Project Manager, Strategic Alliances
Enron Broadband Services, Inc.  (formerly Enron Communications)
2100 SW River Parkway, Suite 600
Portland, OR  97201
Office: 503.886.0214      Fax: 503.886.0434
Email: jeanette_busse@enron.net


Rahil & Mark

Here's the item that I'm concerned about.  Perhaps my ignorance is making me
over-zealous, but this concerns me.

Thanks

Jay

---------------------- Forwarded by James Bruce/LON/ECT on 23/03/2000 22:13
---------------------------

	From:  Donna Greif                           13/03/2000 16:30

To: James Bruce/LON/ECT@ECT
cc:

Subject: Re: EnronOnline Storage Newsticker

Jay,

The EnronOnline team gets those numbers from the weekly Newsletter
distributed the ENA Commercial Team.   Ross Prevatt is the individual who
actually puts the information together.

In talking with Ross this morning, that information is taken from a Telerate
feed  (the Telerate feeder gets the info from daily/weekly/monthly
publications).  Ross did not give me the specific companies that publish the
information.  Feel free to call Ross directly if you need additional
information.

Thanks,

dg

James Bruce   03/13/2000 04:05 AM

To: Donna Greif/HOU/ECT@ECT
cc:
Subject:

Dear Donna

(Following the voicemail that I left for you on Friday)  I was wondering if
you could tell me whether or not the US Gas Storage data & the cumulative
CDD/HDD data are taken from inside Enron only?  (I'm asking because Paul
Goddard has encouraged me to update our letters of consent for content that
we carry on the website.)

Many thanks,

Jay


Joe Hunter has requested that in the future he be provided copies of all
confirmations in respect of any structured finance transactions in which we
participate.  To the extent we cannot quickly get executed versions, he would
like to receive the final draft versions.  I will discuss coordinating this
with Global Finance Legal during our Raptor process meeting next week.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Peggy:  Steve Kean says it looks good to him.

    Maureen

	Peggy Mahoney@EES
	10/05/2000 11:51 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Cedric
Burgher/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON
		 cc:
		 Subject: Press Release

For your review.
---------------------- Forwarded by Peggy Mahoney/HOU/EES on 10/05/2000 11:50
AM ---------------------------

Gael Doar
10/04/2000 02:20 PM
To: Peggy Mahoney/HOU/EES@EES
cc:
Subject: Press Release

Peggy -

Here is a draft press release which we intend to release before the market
opens tomorrow, October 5, regarding the price for TNPC's stock.

It is my understanding that this is the format that complies with SEC
requirements.  I have worked with Marc Manly in our office and David Stone of
Vinson & Elkins.

Call me if you have any questions.

Gael


Yeh, I finally figured that out just after I sent the e-mail this AM.

Scott Dieball
09/12/2000 01:16 PM

To:   John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Kay Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheila Tweed@ECT

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

Thanks John.  FYI the contract language (w/GE comments) is attached at the
bottom of this E-mail.  When you have a minute we can discuss.

John Schwartzenburg
09/12/2000 10:43 AM

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
      Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Sheila Tweed@ECT

Subject:  Re: GE Language  (Document link: Scott Dieball)

 I think that I agree with the points and comments you folks raised in the
first echange on indemnities below, but don't have the document to refer
to. Scott, please drop by and brief me on these.  Cognizant Gov't? Never
heard of  the term, and itis not one of the usual defined terms. Don't know
how it's used here, suggest you decline andmake them clarify.

LOL ISSUES:
1. I suppose that this is a NY law contract. I  do not think you can
effectively limit your liability for gross negligence or wilful misconduct
in NY. Regardless of choice of law, we generally cannot get this limited
or excluded in contracts with owners, either.  I think you should not
accept any GE attempt to limit this by means of the cap on liability or
otherwise , and should avoid muddying the water on the point by taking any
"to the fullest extent permitted by law" clause or other  such stuff as a
compromise. It will be important every time we wrap the GE equipment.

2. Generally, I do not think they should be able to limit their indemnity
for Haz Mat, patents, etc.

3. They have consistently refused to clarify that the indemnity  for all
third party losses includes third party consequentials when Brian or
whoever else over here has been the lead negotiator with GE in the past. I
would like to think that we could get it clarified now that the larger
Enron is working it.  Please try it again if you can.

Scott Dieball
09/11/2000 07:29 PM

To:   Kay Mann/Corp/Enron@ENRON
cc:   Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT@ENRON, Ben Jacoby/HOU/ECT@ECT@ENRON

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

See my comments in blue below.

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
      Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:

Subject:  GE Language

I'm not particularly wild about many of the changes proposed by GE.  Agree.
Seems that it would be a good idea to get a consensus on how to respond.
Here are the issues I see:

Indemnity issues:
They should indemnify us from claims by their employees/subcontractors.
Kay - Is your comment in connection with GE's comment to Section 27.1(iii)
(carve out of the 100% LOL for "gross acts" of its subcontractors, vendors,
ect.)?  GE is in an aggressive outsource mode and needs to remain solely
and totally responsible for the actions and liabilities for its
subcontractors and vendors.  I think Section 20.2(a) as written covers
simple negligence of GE's subcontractors and vendors and I would argue that
we need to keep Section 27.1(iii) as written dealing with gross negligence
of GE's subcontractors and vendors.
Indemnity should be triggered by strict liability as well as negligence.
Agree - Maybe we could agree to GE's strike out in 20.2(a) provided the
phrase "negligent or willfully wrongful" is replaced with "negligent, at
fault or strictly liable without fault" (or some variation thereof).
What is a cognizant government?  Don't know!  This was not discussed with
MIke so I am not sure what is the meaning of adding this term.  We need to
also think in terms of how we could be harmed in a situation where GE fails
to comply with law, and instead of Enron incurring a monetary penalty, is
ordered to shut down the facility.

Limit of liability issues:
They want to limit their indemnity obligations for complying with laws,
patent infringement, liability for haz. waste and liens to 100% of purchase
price.
They want the limit of liability to apply to gross negligence, if possible.
Agree - See 1st comment above re indemnity.
They don't want to clarify that they have to indemnify us for another
party's claim for consequentials (as in a personal injury claim).  Agree.

We've don't have anything concrete on assignment yet.  Agree.

Comments?  I suggest we get together before our next scheduled conf. call
to discuss our game plan.

Sheila has asked that we change Wednesday's call to 1100 Central, or 100
Central if 1100 doesn't work.  Is this a problem?  Works for me...just let
me know when, where, ect.

Kay

They should have to
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/11/2000 04:07
PM ---------------------------

michael.barnas@ps.ge.com on 09/07/2000 07:46:07 PM

To:   stephen.swift@ps.ge.com, Sheila.Tweed.@enron.com,
      Roseann.Engeldorf@enron.com, Kay.Mann@enron.com,
      Scott.Dieball@enron.com, Martin.W.Penkwitz@enron.com
cc:   kent.shoemaker@ae.ge.com

Subject:  GE Language

Folks,

Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses.  As Steve mentioned in
his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue.  Please let me know if you have any
question!

Best regards,

     Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady,  NY 12345  USA
Phone 8*235-7602       (518) 385 7602
Fax     8*235 5466        (518) 385 5466
Mobile 518 369 9538

(See attached file: MajorClausesGE01.doc)

 - MajorClausesGE01.doc


TASK ASSIGNMENT

Status:		completed

Task Priority:		1
Task Due On:		6/22/2001
Task Start Date:	6/20/2001


Please see the following articles:

Sac Bee, Wed, 7/18: Lawmakers debate efforts to save Edison:
Competing bills range from a straight bailout to purchase of transmission
lines
Sac Bee, Wed, 7/18: PG&E sues state over seizure of long-term power contracts
Sac Bee, Wed, 7/18: Energy Digest: Advocate attacks utility rescue plan
Sac Bee, Wed, 7/18: Hour of decision: Who will pay for costly power of past,
future?   (Editorial)
SD Union, Tues, 7/17: Utility sues state seeking millions in seized power
contracts
LA Times, Wed, 7/18: PG&E Sues State Over Contracts
SF Chron, Wed, 7/18: Consumer prices up as energy costs moderate
SF Chron, Wed, 7/18: Contra Costa may upgrade 9 buildings
$1.7 million earmarked for conservation
SF Chron, Wed, 7/18: Lawmakers devise rival bailout plans for Edison
Push to come up with alternative to bankruptcy before recess
SF Chron, Wed, 7/18: News briefs on the California power crisis
SF Chron, Wed, 7/18: State's largest utility sues state seeking millions in
power contracts seized by governor
Mercury News, Wed, 7/18: Surplus state power sold at loss
Mercury News, Wed, 7/18:  Light bulb moment (Commentary)
LA Times, Wed, 7/18: California Trading, Wholesale Power Boost Duke's
Earnings 27%
------------------------------------------------------------------------------
----------------------------------------------------
Lawmakers debate efforts to save Edison: Competing bills range from a
straight bailout to purchase of transmission lines.
By Jim Sanders
Bee Capitol Bureau
(Published July 18, 2001)
Divided legislators began wrestling Tuesday with competing proposals to keep
one of California's largest private utilities, Southern California Edison,
from going bankrupt.
Pressure is rising as Edison continues to struggle with more than $3.5
billion in debt and a tentative plan by Gov. Gray Davis to buy the utility's
transmission lines for $2.76 billion has attracted little support.
The question now is whether legislators will accept a modified version of the
governor's deal, will approve an entirely different rescue plan, or will
simply let Edison join Pacific Gas and Electric Co. in bankruptcy court.
"We're encouraged that at least there's activity and people are grappling
with the issues," said John Fielder, an Edison senior vice president.
The Assembly's energy committee heard testimony on two of the competing
proposals Tuesday. The Senate's energy committee will take up the third plan
today.
The issue conceivably could be decided this week, since legislators are
scheduled to begin their summer recess Friday.
Of the three proposals under consideration, one would authorize state
purchase of Edison's transmission lines, one would provide an option to buy,
and one would simply tally Edison's debts and charge ratepayers to pay them
off.
Some legislators favor doing nothing at all and letting a bankruptcy judge
decide Edison's fate.
Steve Maviglio, a spokesman for Davis, said the Democratic governor supports
anything that "comes close" to the tentative deal, hammered out in April, to
buy Edison's transmission lines.
Assemblyman Fred Keeley, D-Boulder Creek, and Assembly Speaker Robert
Hertzberg, D-Sherman Oaks, have proposed a rescue plan that would buy the
lines at a lower price -- $2.4 billion -- and would modify the governor's
plan substantially.
Key elements of the bill would allow the state to buy Edison's hydroelectric
assets if the transmission-line sale falls through, allow businesses to
contract with private suppliers for electricity in 2003, and commit the state
to paying only 70 cents of every dollar owed by Edison to power generators.
The deal also would provide California with ownership or conservation
easements to more than 20,000 acres of land, and would require Edison to
increase its supply of alternative energy -- such as wind or solar. The
proposal is not expected to spark new rate hikes, Keeley said.
The Senate plan, like the Keeley-Hertzberg proposal, would require large and
medium businesses to pay down much of Edison's debts.
The Senate plan dedicates up to $2.5 billion in large-user rates for debts
involving banks and renewable energy sources known as "qualifying
facilities."
The plan, written by Sen. Byron Sher, D-Palo Alto, seeks to leave Edison with
$1 billion in debt from generators and marketers for the utility to work out
on its own.
The Senate plan would give the state a five-year option to buy Edison
transmission lines for book value -- about $1.2 billion.
Rather than provide conservation easements, the plan calls for Edison's
environmentally sensitive acreage to be acquired by the state or a trust.
Remaining parts of the proposal are similar to the governor's deal.
A third proposal, pushed by several lawmakers, seeks to eliminate debt for
Edison and PG&E. It would not involve transmission lines, conservation
easements or other such elements.
Advocates say Edison's debt stemmed largely from failed state regulatory
policies, so the state should simply charge consumers a monthly fee to pay it
off.
"This is a straight bailout -- no hidden balls, no extras," said Assemblyman
Rod Wright, D-Los Angeles.
It is not yet known whether that monthly fee could fit within the existing
rate structure. For home'owners, the amount is estimated at $4 in the PG&E
service area and $2 within Edison's boundaries.
Consumer groups are wary of the Edison rescue proposals, fearing the state
will ultimately promise too much and get too little.
"When a supermarket and dairy farmer both are forced to pay a 10-year bailout
tax, the consumer pays more for milk," said Doug Heller of the Foundation for
Taxpayer and Consumer Rights.

The Bee's Jim Sanders can be reached at (916) 326-5538 or jsanders@sacbee.com
<mailto:jsanders@sacbee.com>.
Kevin Yamamura of The Bee Capitol Bureau contributed to this report.

PG&E sues state over seizure of long-term power contracts
By Dale Kasler
Bee Staff Writer
(Published July 18, 2001)
Reopening an old wound in California's energy crisis, Pacific Gas and
Electric Co. has sued the state over a group of low-cost energy contracts
seized almost six months ago by Gov. Gray Davis.
The lawsuit, filed Monday in San Francisco Superior Court, stems from the
collapse of the California Power Exchange and the state's entry into the
power-buying business in January.
PG&E and Southern California Edison had entered into a series of long-term
purchase contracts through the exchange, a now-defunct market for buying and
selling electricity. But as both utilities collapsed financially and the
Power Exchange was clinging to life, the exchange seized the contracts and
was about to auction them off for nonpayment of bills.
That's when Davis stepped in. Using his emergency powers, the governor
grabbed control of the contracts, saying he didn't want them resold at
inflated prices.
At the time, the exchange said the contracts were worth about $1 billion,
with PG&E's share set at $348 million.
But it's likely their value has fallen along with the spot market price of
electricity. Back when the governor seized them, PG&E's contracts were for
$60 to $130 a megawatt-hour. That was a bargain at the time, and made the
contracts very valuable. Now that spot prices have plunged, those contracts
are no longer such a great deal.
PG&E's lawsuit didn't put a value on the contracts. Nevertheless, "the state
has benefited from the contracts," said PG&E spokesman Ron Low. "We should be
compensated."
The state had planned to pay for the contracts, at a price to be determined
by a state government claims board, said Davis' spokesman Steve Maviglio. But
he said the state also expected to be taken to court over the issue.
"We always thought we'd be fighting it out in a neutral forum," Maviglio
said. "This comes as no surprise."

The Bee's Dale Kasler can be reached at (916) 321-1066 or dkasler@sacbee.com
<mailto:dkasler@sacbee.com>.

Energy Digest: Advocate attacks utility rescue plan

(Published July 18, 2001)
The state's consumer advocate criticized Gov. Gray Davis' proposed rescue
plan for San Diego Gas & Electric on Tuesday, calling it too generous to the
utility's shareholders.
The Public Utilities Commission's Office of Ratepayer Advocates called the
proposed deal with SDG&E and its parent company, Sempra Energy, "clearly
excessive."
The advocate said the state goes too far in the core element of the rescue
plan -- the $1 billion state purchase of SDG&E's transmission lines. The
advocate said the money would be better spent building or buying new
generating plants.
The plan must be approved by the Legislature and PUC. A similar plan, to buy
Southern California Edison's transmission lines, has run into numerous
roadblocks in the Legislature.
--Dale Kasler

Hour of decision: Who will pay for costly power of past, future?

(Published July 18, 2001)

In the next few days, state lawmakers and regulators must make some
unsettling choices about how to share the financial burdens of California's
electricity debacle.
Looking backward, they will decide how -- or whether -- to erase $3.5 billion
in debts run up last year by Southern California Edison, when it bought
pricey power but couldn't pass the costs on to consumers. Looking ahead, they
will choose who, if anybody, will get out of paying for expensive power
purchased by the state since the utilities ran out of cash last January.
In both cases, the principle guiding the decision ought to be the same: No
one is blameless in getting California into this mess, and no group can
escape the pain of getting out of it.
Democratic lawmakers in the Assembly are searching in vain for ways to hide
the real costs from voters. Their idea is to have the large users of power
(mostly big businesses) pay off Edison's past debts. In return, businesses
would get some freedom to shop for cheaper power deals in the future.
The problem is that there won't be much opportunity to shop in the coming
years. That's because Gov. Gray Davis went out at the very peak of the market
and bought up most of the state's future electricity supply before it went on
sale. The strategy of locking most of California's power demand into
long-term contracts seemed ill-advised at the time, even more so now.
Now that the governor has done all this shopping, the Public Utilities
Commission must assure that electric customers will pay for all that
electricity -- $43 billion worth of power over the next decade or so. In
addition, the PUC must commit customers to repaying the state for the power
it has already purchased this year -- many billions on top of that. The state
borrowed from itself to buy all this power, and is banking on a bond sale to
pay off this debt. Unless a portion of the rate customers pay is dedicated to
repaying those bonds, they can't be sold.
This web of regulation, contracts and finance is so complex, so huge, it's
hard to see how the energy leaders in a few days will find a graceful, fair
solution. But for a political compromise to work, all the interests involved
must take some pain.
Southern California Edison must swallow some of its debt. Power generators
and the state must renegotiate some of their long-term contracts so that the
generators give back some of the bounty they reaped by market manipulation.
And no consumer, big or small, should be allowed to avoid paying the true
costs of the power they use. In this reckoning, there's no easy way out for
anyone -- and especially not for the elected officials who must deliver the
bad news.

Utility sues state seeking millions in seized power contracts

\
objattph
By David Kravets ASSOCIATED PRESS  July 17, 2001  SAN FRANCISCO )
California's largest utility sued the state Tuesday seeking reimbursement of
millions of dollars in energy contracts the governor seized Jan. 31.  San
Francisco-based Pacific Gas & Electric Co. said it "has received no
compensation for the damage to its property," according to a suit filed in
San Francisco Superior Court.  The suit came as PG&E, which filed for
bankruptcy protection in April, struggles to repay $14.4 billion in debt to
thousands of creditors.  Invoking constitutionally vested powers, Gov. Gray
Davis seized the energy contracts to keep the California Power Exchange from
liquidating them. The now-defunct exchange, which was the state's middleman
for the buying and selling of power, wanted the contracts for itself to
recoup hundreds of millions in unpaid power buys that PG&E owed it.  The
governor's office acknowledged that California owes PG&E for the contracts,
an amount that Davis wants a judge to determine. At the time they were
seized, the state estimated their value at $160 million, while the power
exchange priced them at $347 million.  "We seized the contracts to have
reasonable priced power and expected that price to be set in a neutral
forum," said Steve Maviglio, the governor's spokesman.  It's not easy to
determine their value. Using the contracts, the state buys electricity at a
set price, and can avoid the sky-high prices it has to pay for power bought
at the last minute. Therefore, the contracts' value changes with the volatile
price of electricity.  "We believe the state has benefited from the value of
our contracts, and as a result we should be compensated," PG&E spokesman Ron
Low said.  Low declined to place a value on the contracts.  The contracts in
question, which the state is now using to buy electricity because the
utility's bad credit rating restricts it from buying its own, promise power
at rates below those being charged today by power generating companies.
Because of the shaky financial pictures of PG&E, Southern California Edison
Co. and San Diego Gas & Electric Co., the state in January began buying much
of the electricity to supply the ratepayers of those utilities.  The power is
sold to ratepayers through the utilities, which reimburse the state through
consumers' bills. But, because of energy pricing rules that prompted the
utilities' unstable financial footing, current rates are not enough to repay
the state. To recoup its losses, the state is expected to sell $8 billion or
more in bonds to be repaid through increased consumer power rates.  Under
California's 1996 deregulation plan, the state's utilities sold many of their
power plants and were forced to buy electricity on the market through the
newly created power exchange.  As demand mushroomed and supplies became
scarce, the utilities began paying substantially more for electricity than
deregulation rules allowed them to collect from consumers.  The case is PG&E
v. California, 322921.

PG&E Sues State Over Contracts
From Bloomberg News

July 18 2001

SAN FRANCISCO -- PG&E Corp.'s Pacific Gas & Electric Co. utility sued
California on Tuesday, saying it wants to be paid for the wholesale
electricity contracts the state seized in January.

Gov. Gray Davis took away Pacific Gas' 12-month forward contracts to ensure a
sufficient and continuous supply of electricity for the state. At the time,
California estimated the contracts were worth $150 million.

Pacific Gas claims the contracts had "significant value" because they allowed
the utility to receive power for less than current market rates. "Although
PG&E has demanded just compensation from the [state], PG&E has received no
compensation for the damage to its property," the utility said in court
papers filed Monday in San Francisco Superior Court.

The company, which filed for Chapter 11 protection in April, is seeking
damages and attorney fees. The state claimed in January that the contracts
would have delivered enough electricity to power 100,000 to 500,000 homes for
6 cents to 13 cents per kilowatt-hour.

Officials in the governor's office did not immediately return calls seeking
comment.
Copyright 2001, Los Angeles Times <http://www.latimes.com>

Consumer prices up as energy costs moderate
LEIGH STROPE, Associated Press Writer
Wednesday, July 18, 2001
,2001 Associated Press
URL:
<http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/07/18/finan
cial0837EDT0023.DTL>
(07-18) 05:37 PDT WASHINGTON (AP) --
Consumer inflation edged up last month as electricity prices continued to
surge, while the cost of gasoline and other energy products retreated.
The Labor Department reported Wednesday that the Consumer Price Index, the
government's most closely watched inflation measure, climbed by a seasonally
adjusted 0.2 percent in June. The index was up 3.8 percent for the year.
The new reading on consumer prices matched analysts' expectations.
The "core" rate of inflation, which excludes volatile energy and food prices,
rose 0.3 percent in June compared with just 0.1 percent in May.
,2001 Associated Press

Contra Costa may upgrade 9 buildings
$1.7 million earmarked for conservation
Jason B. Johnson, Chronicle Staff Writer <mailto:jbjohnson@sfchronicle.com>
Wednesday, July 18, 2001
,2001 San Francisco Chronicle </chronicle/info/copyright>
URL:
<http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/07/18/
MNC199898.DTL>
Contra Costa will spend as much as $1.7 million to conserve energy at the
county's nine worst "energy hog" buildings under a proposal approved
yesterday by the Board of Supervisors.
The measure is part of a larger effort the board in March agreed to undertake
to reduce the county's energy use by up to 10 percent.
A private company will install upgraded heating, ventilation and air
conditioning control systems at the nine buildings, resulting in savings of
just under $200,000 a year.
"What we've done is pick our energy hogs," said Bart Gilbert, the county's
general services director. "To start the process of making our buildings more
energy efficient."
County officials had no difficulty in identifying the hogs, which tended to
be large buildings that serve a variety of uses and are open as much as 24-
hours a day, seven days a week, said Gilbert.
Eight of the buildings are in Martinez, the county seat, and one is in
Antioch. They include the Bray Courts building in downtown Martinez,
sheriff's offices and morgue, and the Employment and Human Services building
in Antioch.
One energy waster is the 120,000-square-foot Summit Center, an office
building on Arnold Drive in Martinez that the county acquired last year.
The building's cooling system activates at a particular setting -- 76
degrees. So it shuts down completely when the temperature reaches below that
setting and won't turn on until it reaches about 79 degrees.
But new digital technology controls allow the system to gradually reduce or
increase power without having to shut down, which saves energy.
"When you turn the system on everything doesn't kick in, everything doesn't
come on full speed," said Gilbert. "That's a tremendous savings."
The county will contract with Syserco Inc. of Fremont to install the new
control systems from July through June 30, 2002.
County officials believe that the plan will reduce demand by 700,000 kilowatt
hours and pay for itself in about five years by reducing energy costs.
The county has applied for a low-interest loan from the state's Energy
Department that would cover about half the plan's costs. It is one of several
Bay Area communities seeking such loans during the energy crisis.
In the past two months, state officials have received $50 million worth of
new loan applications from city and county governments.
Before the energy crisis, the department would average between $5 and 10
million in loan applications, said Virginia Lew, project manager for the
department's Energy Partnership Program.
San Francisco is set to receive $5 million in loans for replacing inefficient
lighting at San Francisco General Hospital and city traffic signals.
Solano County will receive $1.1 million for lighting and efficiency projects
similar to those in Contra Costa, while Santa Rosa was given $1.5 million for
water and wastewater treatment facility upgrades.
Oakland officials are awaiting approval of the city's application for about
$400,000 for a combination of lighting and ventilation efficiency projects.
e-mail Jason B. Johnson at jbjohnson@sfchronicle.com
<mailto:jbjohnson@sfchronicle.com>.
,2001 San Francisco Chronicle </chronicle/info/copyright> Page A - 17

Lawmakers devise rival bailout plans for Edison
Push to come up with alternative to bankruptcy before recess
Lynda Gledhill, Chronicle Sacramento Bureau <mailto:lgledhill@sfchronicle.com>
Wednesday, July 18, 2001
,2001 San Francisco Chronicle </chronicle/info/copyright>
URL:
<http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/07/18/
MN76320.DTL>
Sacramento -- Lawmakers are struggling this week to agree on a plan to keep
Southern California Edison from declaring bankruptcy as they rush to complete
business before Friday's scheduled summer recess.
After months of talking about a solution and dismissing one agreed to by
Edison and Gov. Gray Davis, lawmakers now have several competing proposals to
consider.
A plan introduced last week by Assembly Speaker Robert Hertzberg, D-Sherman
Oaks (Los Angeles County), was debated for several hours yesterday, along
with a GOP-backed alternative by Assemblyman Roderick Wright, D-Los Angeles.
The two plans, which are scheduled for votes today in the Assembly Energy
Costs and Availability Committee, take sharply different approaches:
-- Hertzberg's plan would pay $2.4 billion for Edison's transmission lines to
help cover the utility's estimated $3.5 billion debt. The utility would be
allowed to pay off its remaining debt by issuing bonds.
The utility would repay the bonds using ratepayer money. For the first two
years, all customers would pay for the debt, but after that the largest users
would pay off the rest.
-- Wright calls his plan a "straight bailout." It would allow the utility to
issue bonds to cover all of its debt and impose a $2 a month rate increase
for all users until the debt is paid.
The Senate also introduced its own plan. A bill by Sen. Byron Sher, D-Palo
Alto, would give the state a five-year option to buy the transmission lines
and would have the state back only $2.5 billion of the utility's debt.
Since Davis announced a deal with Edison earlier this year, lawmakers,
business groups and consumer advocates have all expressed reservations with
one aspect or another of it. Opposition has usually focused on the state
purchase of Edison's transmission lines.
The flurry of activity this week is an effort by lawmakers to take some kind
of vote before they adjourn. The Edison agreement has an Aug. 15 deadline for
approval by the Legislature.
Brian Bennett, a spokesman for Edison, said creditors view that date as
extremely important.
"We're as close to bankruptcy as our creditors want us to be," he said. "Is
it a drop dead date? I don't know, but it is clearly an important date."
Consumer groups have denounced Wright's plan, and at least one calls
Hertzberg's proposal just another bailout and said it would cost Californians
$6.7 billion over the next 10 years.
"We cannot be seduced by big businesses paying a bailout tax," said Doug
Heller, a consumer advocate with the Foundation for Taxpayer and Consumer
Rights. "At the end of the day, we know businesses will pass these costs on
to the consumer."
Included in the 76-page Hertzberg bill are provisions that would allow large
companies to buy their power directly from a provider instead of going
through the utility after 2003.
But a coalition of large business groups also said they are strongly opposed
to the plan because it does not allow for immediate direct access.
"Ultimately, we think our companies buying power for themselves is the best
solution," said Jack Stewart, president of the California Manufacturers and
Technology Association. "If businesses think there's a light at the end of
the tunnel where they see lower rates coming, they might tough it out and
stay."
Wright argues that the beauty of his proposal is that it could easily apply
to the Pacific Gas and Electric Co. service area if the company wanted to use
it as a way out of bankruptcy court. He estimates that PG&E customers would
pay about $4 a month to help the company pay off its debt.
"This is a straight bailout," Wright said. "This is not a hidden bill. There
are extras."
Wright said he believes his constituents would rather pay an extra $2 than be
unemployed because their business left the state due to high energy costs.
Business groups said the idea makes sense.
"What good would it do to have your electricity bill reduced by $10 or $15
but not have a job?" said Bill Hauck, president of the California Business
Roundtable.
Whatever plan is eventually authorized would be used to convince the PG&E
bankruptcy judge to follow a similar model for that company, giving the state
those transmission lines as well.
The purchase of the transmission lines has been at the center of Davis' plan.
He argues that the purchase will give the state the ability to upgrade the
system, allowing a better flow of power between Northern and Southern
California and a decreased chance of blackouts.
But opponents argue that the state is getting one-third of a complicated
system that will cost billions to upgrade and operate.
"It's like buying a car with three wheels -- it is not going to get out of
the lot," consumer advocate Heller said.
E-mail Lynda Gledhill at lgledhill@sfchronicle.com
<mailto:lgledhill@sfchronicle.com>.
,2001 San Francisco Chronicle </chronicle/info/copyright> Page A - 14

News briefs on the California power crisis

Wednesday, July 18, 2001
,2001 Associated Press
URL:
<http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/07/18/state
0913EDT0146.DTL>
(07-18) 06:13 PDT (AP) -- diuriegr1 ?By The Associated Press?SAN DIEGO (AP) -- County supervisors want to eliminate a $100 fee for ?installing solar power systems to spur interest in the alternative energy ?source. ?Supervisor Ron Roberts proposed waiving the fee at the board's Tuesday ?meeting. A new ordinance may be ready for the supervisors' approval in two ?months. ?The fee is charged to homeowners who live in the unincorporated areas of the ?county. Solar power systems for hot water heaters can cost about $4,000 and ?home units can cost about $26,000. ?The county has been issuing more permits for solar units this year and ?expects to issue 250 permits by December. Two years ago, the county issued ?only 12. ?TEMECULA, Calif. (AP) -- An Indian burial ground sits in the way of a ?proposed power-line route and tribal members have asked U.S. Sen. Barbara ?Boxer to help preserve the site. ?Boxer, D-Calif., last week introduced an amendment to the Interior ?Appropriations bill that would place more than 700 acres of land owned by the ?Pechanga tribe in a federal trust. If approved, the legislation would allow ?the tribe to bypass the procedure review by the Bureau of Indian Affairs. ?San Diego Gas & Electric wants to run a 500,000-volt power line through the ?area. The $271 million route would run through southwestern Riverside County ?and link the utility's grid with one operated by Southern California Edison. ?SDG&E officials said the proposed federal legislation wouldn't derail the ?company's project. ?"I don't think it jeopardizes the project," said SDG&E spokeswoman Jacqueline ?Howells. "There are variations of our line that don't require that land, and ?there are alternatives further west." ?The state's Public Utilities Commission must still approve the project. ?The tribe recently purchased the site, which has one of the state's oldest ?oak trees. It is also home to several village sites and areas used for ?cremation. Tribal chairman Mark Macarro said the amendment wasn't ?specifically meant to block the power line project but rather to preserve the ?land from development. ?,2001 Associated Press ???????State's largest utility sues state seeking millions in power contracts seized ?by governor ?DAVID KRAVETS, Associated Press Writer?Wednesday, July 18, 2001 ?,2001 Associated Press ?URL: ?<http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/07/18/natio?nal0848EDT0542.DTL>?(07-18) 05:48 PDT SAN FRANCISCO (AP) -- ?California's largest utility has sued the state seeking reimbursement of ?millions of dollars in energy contracts seized by the governor. ?San Francisco-based Pacific Gas & Electric Co. "has received no compensation ?for the damage to its property," the company said in a lawsuit filed Tuesday ?in San Francisco Superior Court. ?PG&E filed for bankruptcy protection in April and is struggling to repay ?$14.4 billion to thousands of creditors. ?Gov. Gray Davis seized the energy contracts on Jan. 31 to keep the California ?Power Exchange from liquidating them. The now-defunct exchange, which had ?been the state's middleman for buying and selling power, wanted the contracts ?to recoup hundreds of millions of dollars that PG&E owed it. ?The governor's office acknowledged that California owes PG&E for the ?contracts, an amount that Davis wants a judge to determine. At the time they ?were seized, the state estimated their value at $160 million, while the power ?exchange priced them at $347 million. ?"We seized the contracts to have reasonable priced power and expected that ?price to be set in a neutral forum," said Steve Maviglio, the governor's ?spokesman. ?Under the contracts, the state buys electricity at a set price rather than ?paying higher prices for power bought at the last minute. Therefore, the ?contracts' value changes with the volatile price of electricity. ?"We believe the state has benefited from the value of our contracts, and as a ?result we should be compensated," PG&E spokesman Ron Low said. ?Low declined to place a value on the contracts. ?,2001 Associated Press ?????Surplus state power sold at loss ?Posted at 11:50 p.m. PDT Tuesday, July 17, 2001 ?BY JOHN WOOLFOLK ??Mercury News ???State officials who bought power contracts averaging $138 per megawatt-hour ?for this month are selling some of the power back for as little as $1 per ?megawatt-hour, traders say. ?After scrambling this spring for every megawatt it could buy to stave off ?summer blackouts, cool weather and decreased demand have left the state ?holding more power than it needs and selling the surplus for whatever it can ?get. ?State officials won't say how much they are selling the power for, but ?acknowledged unloading surplus electricity. ?``We're seeing certain times of the day where we may not need power that we ?previously thought we needed, and we're selling it on the open market,'' said ?Oscar Hidalgo, spokesman for the state Department of Water Resources. ``We're ?probably moving a little more power than we anticipated, but I don't think ?anybody anticipated a July like we're experiencing.'' ?Utilities routinely sell surplus contract power when demand is lower than ?expected. But the state's recent sell-off could fuel criticism that ?California bought too much power at too high a price, fearing rolling ?blackouts and soaring prices this summer. ?``There's a painful lesson to be learned when you overbuy when supplies are ?tight,'' said Gary Ackerman, executive director of the Western Power Trading ?Forum. ``Anybody can lose money in this business, and the state of California ?is getting a taste of that.'' ?The state in the past week has sold anywhere from 10 to 20 percent of its ?available power, Hidalgo said. On Tuesday, the state had up to 40,000 ?megawatts available, while demand hovered around 32,000 megawatts, according ?to the power grid operator. ?Must be sold ?Because electricity cannot be stored, power purchased in contracts for a ?later date would be wasted if not used or sold. ?``It's better than losing it altogether,'' Hidalgo said. ``The way the ?electricity business is set up, you either use it or move it. You can't put ?it in a bottle and put it on a shelf.'' ?State officials would not say how much they've made in sales to offset ?purchase costs, citing concerns about jeopardizing their bargaining position. ?According to California Energy Markets, a trade weekly, the state was ?unloading power last Thursday at $25 per megawatt-hour. Ackerman said the ?state has been selling power for as little as $1 to $5 per megawatt-hour. ?Power was selling on the spot market for $20 to $40 per megawatt-hour ?Tuesday. ?The state, which assumed the role of power buyer for California's biggest ?utilities in January, expected to sell surplus power from time to time, ?although not quite this much, Hidalgo said. Even with demand down, the state ?still is buying more power than it sells, he said. ?With temperatures throughout the West unseasonably low in recent weeks, other ?utilities also are selling their surplus power at a loss. ?``That's an accepted operating risk we always assume,'' said Scott Simms, ?spokesman for Portland General Electric, adding that recent federal price ?caps are lower than what the Oregon utility paid. ``Sometimes you gain, ?sometimes you lose. Hopefully, if you planned well, you end up winning.'' ?Whether the state planned well or overbought is hard to say. The contracts ?could prove invaluable if another heat wave threatens blackouts. Ackerman ?likened power contracts to insurance -- a prudent move to guard against ?shortages and price spikes, even if it turns out you don't need it. ?At the very least, the current situation underscores the importance of ?weather in the volatile electricity market. Traders pore over forecasts and ?even buy weather insurance, Ackerman said. ?Demand and prices have been so low that some energy companies are shutting ?down the small power plants called ``peakers.'' ?Hidalgo said the state has no regrets. ?``What we were doing was making sure we had an available supply with these ?contracts,'' Hidalgo said. ``We were facing scarcity in the market early on. ?There wasn't enough supply to fulfill the need. What the contracts have done ?is obligated the producers to give us power.'' ?Blackout threat fades ?The state's daily power costs have fallen from more than $100 million in May ?to less than $26 million in July, Hidalgo said, and there hasn't been a ?blackout in two months. While some of the surplus power is sold on the ?market, it is also being traded to Northwestern hydropower utilities to cover ?past debts, he said. ?``This is not a bad position for us to be in,'' Hidalgo said, adding that the ?situation could always take a turn for the worse. ``We can't lose sight of ?the fact that we're still in an emergency situation. If this was routine, ?this crisis would be over. We're not out of the woods.'' ???Contact John Woolfolk at jwoolfolk@sjmercury.com ?<mailto:jwoolfolk@sjmercury.com> or (408) 278-3410. ????????Light bulb moment ?Published Wednesday, July 18, 2001, in the San Jose Mercury News ?NOW it all makes sense. Dick Cheney hasn't been pushing to drill for more oil ?and gas because of his pals in the energy business. It's because of his ?electric bill. ?The veep mansion, it turns out, consumes electricity the way a 1965 ?Oldsmobile burned gas. The bill for this year -- $186,000 -- shouldn't have ?to come out of Cheney's budget, the White House says. It should be paid by ?the Navy, which owns the property. ?No way, we say -- unless the house lights have some national defense value. ?Perhaps blinding the pilots of incoming fighter jets? ?The Bush team says California should just face up to market prices. So why ?not Cheney? ?But there is an alternative, as we've discovered out here. Conservation. It ?works. Really. ?Cheney's got a 33-room house. Do they all have to be lit up all the time? ?????Business; Financial Desk ?California Trading, Wholesale Power Boost Duke's Earnings 27%?THOMAS S. MULLIGAN??07/18/2001 ?Los Angeles Times ?Home Edition ?Page C-2 ?Copyright 2001 / The Times Mirror Company ?Pushed by the explosive growth of its trading and wholesale-power businesses, ?Duke Energy Corp. on Tuesday reported a 27% increase in second-quarter ?profit, narrowly topping Wall Street estimates. ?Duke's net income was $419 million, or 53 cents per share, in the quarter ?ended June 30, up from $329 million, or 44 cents, in the year-ago quarter. ?The consensus estimate of industry analysts was 52 cents per share. ?Revenue for the quarter leaped 43% to $15.6 billion. ?Shares rose 38 cents to close at $42.03 on the New York Stock Exchange. ?Charlotte, N.C.-based Duke, like other out-of-state independent power ?producers, is under fire from Gov. Gray Davis for allegedly overcharging for ?electricity from its California generating plants. ?Duke does not break out its California results, but its profits from soaring ?spot-market prices in California during the quarter probably amounted to no ?more than a penny or two per share, according to analyst Jeff Gildersleeves ?of Argus Research in New York. ?California accounts for about 10% of Duke's U.S. wholesale-power business, ?and about 90% of its California power is sold through long-term contracts ?rather than on the spot market, the company has said. ?Those long-term contracts are a source of worry for investors, Gildersleeves ?said. Neither Duke nor the state has disclosed whether the contract prices ?can be adjusted downward if spot-market prices fall, he said. If the prices ?are not firm, it could represent a risk to future profits, he added, ?especially if spot prices continue to fall. ?Duke's North American Wholesale Energy business unit posted second-quarter ?operating earnings of $251 million, up 128% from $110 million a year earlier. ?Analyst Timothy M. Winter of A.G. Edwards in St. Louis said the overall ?quarter was "very good," considering that Duke's earnings from its ?regulated-utility business in North and South Carolina actually were flat ?because of mild weather, a slowing economy and increased costs associated ?with some nuclear generating facilities being out of operation. ???PHOTO: Duke, which owns a plant in Morro Bay, beat analyst estimates.; ; ?PHOTOGRAPHER: CAROLYN COLE / Los Angeles Times ?


Energy Committee Members:

Please find the updated language from the CEC on the Real Time Pricing
tariff attached.  As discussed at our last committee meeting, John Wilson
has asked for comments and suggestions to the language early this week.

Please review the updated language and provide comments by this Wednesday,
June 13 directly to John at [mailto:jwilson@energy.state.ca.us].  Please cc
me on this so that I may keep record of your comments as well.  Thank you
and apologies for the delay in providing you with this updated version.

Regards,
Laura

 - RTP & DR_6-8-01.doc


The ClickAtHome team is pleased to announce that Pilot participants may now
order Internet service from MSN.  MSN offers DSL (Broadband) and Dial-up (56k
modem) nationwide.  To check the availability of service at your address,
view prices or to place your order, visit the ClickAtHome Pilot website at:
http://clickathomepilot.enron.com/    (the website must be launched through
Internet Explorer).

MSN's Broadband Satellite is expected to be available in mid 2001.  This
cutting edge 2-way satellite technology will provide broadband service to
most of the United States (excluding Alaska and Hawaii).

If you have problems launching the site, please copy and paste
http://clickathomepilot.enron.com directly into Internet Explorer.

ClickAtHome Team!


Here is my file.  I will be right up.  Thanks.

John


Start Date: 1/13/02; HourAhead hour: 9;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011309.txt


This is Wiley's report on his meeting with the Cabinet aides, if you want to
read.  The meetings all went very well.  The hearing is on the 22nd, I
believe.

Rock

---------------------- Forwarded by Rockford Meyer/FGT/Enron on 02/10/2000
07:46 AM ---------------------------

Wiley Cauthen
02/09/2000 11:27 PM
To: Rockford Meyer/FGT/Enron@ENRON, Jordan Hunter/FGT/Enron@ENRON, Bret
Reich/ET&S/Enron@ENRON, David Parham/GCO/Enron@Enron
cc: Anne Longman/alongman@llw-law.com

Subject: RE:Briefings of Cabinet Aides

Anne Longman and I briefed Cabinet Aides for the Governor, Secretary of
State, Commissioner of Education, and Insurance Commissioner today.  Anne's
associate, David Ramba, joined us for i ntroductions to the Governor's Aide
and to the Secretary of State's Aide.  We covered the materials and had good
discussions in every case.  The Governor's Aide was very encouraging and
interested in the project.  He shared with us that the aides had been
discussing the competing "want-a-be pipeline" projects and he believed that
they would not be built due to the lack of economic feasibility.  Every one
of the aides comprehended that this is a real project on the way to being
built in a timely manner.  The Education Commissioner's Aide asked the only
question that we were unable to answer.  "How many jobs will be lost in
Florida due to the displacement of the fuel oil transportation?"  Having
asked the question, she said she did not really have a problem with it .  I
believe we should have the answer in case it comes up again.

One very beneficial event which took place yesterday  was the visit by every
aide we briefed today to the Hines Plant of Florida Power Corp.  They had a
much better understanding of  a combined cycle plant.

In our last briefing of the Insurance Commissioner's Aide, he requested that
we provide the Commissioner with an aerial view of the West Leg extension if
we could do so without going to a lot of expense.  He says the Commissioner
is real "aerial/map" person.  This probably  relates in some way to his ride,
while he was a Congressman, on the Space Shuttle.  If we have access to an
aerial taken from high altitude (from a satelite) that we can mark the route
upon, then we can probably benefit from this particular aerial/map interest.

Tomorrow  we plan to complete the final three  briefings in the afternoon.

Thanks for all of your efforts on Phase IV and particularly for bringing Anne
and I up to speed.

Please let us know by contacting Anne's office tomorrow if you have any
questions of comments.


-----Original Message-----
From: 	Hanagriff, Richard
Sent:	Thursday, February 14, 2002 4:02 PM
To:	Schoolcraft, Darrell
Subject:	tw imbalances


- MidC.xls


Thanks!   You really changed the energy business.
m


As faculty advisor to the Finance Club, Prof. Barb Ostdeik is encouraging
all members to take advantage of a great opportunity to learn more about
trading operations from two very respected individuals in the industry.
Keith Anderson of BlackRock, Inc (JGSM 1983) and Dexter Senft of Lehman
Brothers & TradeWeb LLC (Rice 1974) have visited the Jones School to give
this lecture and students have raved about them. Albert Wang's Fixed Income
and Advanced Investments classes are required to attend, and James Weston
recommends for his Applied Finance students and any first years taking
Investments next year to be there.

When:
9:45 a.m. d 11:15 a.m.
Wednesday
April 18

Where:
Room 117
Herring Hall

Presentation/Discussion Topics:
Trading Tactics d phone trades vs. electronic trading
Evolution of e-trading in fixed income markets
The future of the trading desk
Buy-side vs. Sell-side issues

Speaker Profiles:

Keith Anderson, Managing Director and Chief Investment Officer, Fixed Income
of BlackRock, Inc., is co-head of the Fixed Income Operating Committee,
Chairman of the Investment Strategy Group and a member of BlackRock,s
Management Committee.   Mr. Anderson is responsible for global fixed income
strategy, asset allocation and the overall management of client portfolios.
He coordinates a team of thirty-two portfolio managers and more than
twenty-five credit and quantitative analysts.

Mr. Anderson is a member of the Treasury Borrowing Advisory Committee, which
meets quarterly in Washington, D.C. with the Secretary and Staff of the U.S.
Treasury to advise them on the financing and management of the Federal debt.

Prior to founding BlackRock in 1988, Mr. Anderson was a Vice President in
Fixed Income Research at The First Boston Corporation, working in mortgage
securities and derivative products strategies.  Mr. Anderson with Criterion
Investment Management Company where he had primary responsibility for a $2.8
billion fixed income portfolio.

Mr. Anderson has authored numerous articles on fixed income strategies,
including two articles in The Handbook of Fixed Income Options: "Scenario
Analysis and the Use of Options in Total Return Portfolio Management" and
"Measuring, Interpreting, and Applying Volatility within the Fixed Income
Market".

Dexter Senft is a Managing Director with global responsibility for Fixed
Income electronic commerce for Lehman Brothers. During his eight years at
the firm, he has also managed or co-managed Lehman,s Fixed Income Research,
Quantitative Research, Counterparty Credit and Global Economics departments.

Mr. Senft is the former Chairman of TradeWeb LLC, a consortium-owned
electronic bond trading system whose volume currently averages over $10
billion per day, and of which Lehman Brothers is a founding shareholder. He
remains on TradeWeb,s Board, and chairs TradeWeb,s trading protocol
committee, which oversees the rules that govern the electronic flow of
information within the system.

Mr. Senft also serves on the Bond Market Association,s Committee for
Alternative Trading Systems, as well as its Online Bond Steering Committee
and he chairs the subcommittee on e-commerce protocols and standards.

Prior to EJV, Mr. Senft spent 17 years at The First Boston Corporation (now
part of CS First Boston), where he was a Managing Director and head of Fixed
Income Research and Product Development. He is a widely published author of
articles on mortgage securities, fixed income derivatives, and quantitative
portfolio management, and his work continues to be among the readings for
CFA applicants. In 1983, Mr. Senft led the product team that created the
first CMO for Freddie Mac.

This is regarding the e-trading/bond market session
arranged for April 18.  As part of the 1st year finance elective, you may
have already been informed by James Weston (Were you?) but I need to get
the info out to more 2nd years as well.

Do you usually send out your speaker announcements to all faculty,
students, and staff?

Albert Wang's Fixed Income and Advanced Investments classes are required to
come and James Weston will be encouraging 1st years that took the finance
elective to come.

These guys are pretty good - they came a few years back.

Thanks.

bbo


---------------------- Forwarded by Ben Jacoby/HOU/ECT on 01/05/2001 01:56 PM
---------------------------

Mike J Miller
01/05/2001 02:57 PM
To: Lisa Bills/Corp/Enron, Ben Jacoby/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT,
Christopher F Calger/PDX/ECT@ECT
cc:
Subject: Format - Enron Draft MOU

Attached below is the standard form GE Term Sheet.  Certain items have been
left blank, including price and shipment dates.  GE told me that the
$39,970,000 per turbine set number is still the notional price based on the
GenPower Dell scope.  This aforementioned scope means that we will need to
purchase an extra static starter ($900,000) and a water wash skid ($150,000)
to take two sets of two turbines and split them up intop three projects
(Longview, Ft Pierce, Fla Peaker).  As usual, things like dual fuel ($2 MM),
peaker stacks ($1.5-2MM) and inlet cooling options are scope additions and
are not included in the MSRP.  Please get me your comments as soon as
possible to keep the process moving.  We can use this term sheet with
business points discussed with GE to get the DASh process moving.  Shipment
dates are still uncertain.  GE will try and accomadate us with turbines that
will work for combined cycle as well as peakers for summer 2003 start dates.
We will not know what (if any) turbines that we will get until GE goes into
their DASH process next week.

Thanks,

Mike J Miller
---------------------- Forwarded by Mike J Miller/HOU/ECT on 01/05/2001 02:39
PM ---------------------------

john.schroeder@ps.ge.com on 01/05/2001 01:01:05 PM
To: Mike.J.Miller@enron.com
cc: scott.terhune@ps.ge.com
Subject: Format - Enron Draft MOU

Dear Mike
Here the format of an MOU for units, however this is not an offer to sell.

The potential ready to ship dates and pricing have been deleted.

Best Regards
John
John H Schroeder, Jr.
GE Power Systems Account Mgr.
2707 North Loop West, 9th Floor
Houston, Texas 77008
(713) 803-0525
Fax - 0567

> -----Original Message-----
> From: Swift, Stephen L (PS, CommOps)
> Sent: Friday, January 05, 2001 10:37 AM
> To: Schroeder, John H Jr (PS, Sales)
> Subject: Enron Draft MOU
>
> John,
>
> Attached is a typical MOU that we would use with Enron.  We are not
> authorized to make any offers to customers until after Tuesday 1/9/01 if
> any units are made available to us.  We can circulate this for Enron to
> begin a preliminary review with the understanding this is not an offer to
> sell.
>
> Let me know if you have any questions.
>
> Steve Swift
>
>
>
>  <<TPA Rev Draft.doc>>

 - TPA Rev Draft.doc


Vince,

I thought I would just send you a personal note to say that I hope you are well. Being part Brazilian, I feel responsible to make sure that you enjoy the great country you're visiting. It is a shame that you will be spending time in Sao Paulo and not Rio, which is a far more beautiful city - I know since I grew up in Sao Paulo. I hope that your experiences of the past few days will not put you off paying further visits to this land.

When I arrived at work on Monday morning, Shirley asked me if I could call the Brazilian Consulate in Argentina, and she explained the predicament you were facing. I tried and tried to get through but all the numbers at the consulate were continuously busy. Eventually, we agreed that it might be best if handled from the Brazilian side of Enron. I understand from her that you have finally been able to get to Sao Paulo, so I hope that the business you went to discuss has gone successfully.

I imagine that by now you may have been introduced to a good Brazilian churrasco, tasted some real coffee, and perhaps sampled some of the many tropical fruits that Brazil boasts of (speaking from a culinary perspective). If you haven't yet been to any of the Brazilian restaurants here in Houston, I would be happy to introduce you to them when you return. I wish I could recommend good places to visit in Sao Paulo, but it is not really a city for tourists. If you had more time, I could suggest some art museums, a visit to the municipal theatre, or some relaxation in one of Sao Paulo's parks; a trip down to the coast would also be worthwhile.

Well, I wish you a safe return journey and look forward to seeing you back safe and sound. You were greatly missed yesterday morning at our Bosses Day Breakfast.

Regards,

Tom


-----Original Message-----
From: 	Sturm, Fletcher J.
Sent:	Wednesday, February 06, 2002 11:24 AM
To:	Evans, Casey
Subject:	Migration

Casey,

Are you guys going to be responsible for moving all relevant power files from the O: and M: drives to UBS?  If so, thanks.  If not, who is?  Thanks,

Fletch


---------------------- Forwarded by Ann M Schmidt/Corp/Enron on 03/29/2000
01:14 PM ---------------------------

Missy Stevens
03/29/2000 12:58 PM
To: Ann M Schmidt/Corp/Enron@ENRON
cc:

Subject: Problem Solving

Hi - I can't find that buzz word bingo thing, but I did find this...  :)

---------------------- Forwarded by Missy Stevens/Corp/Enron on 03/29/2000
12:57 PM ---------------------------

John Walt
09/01/99 03:55 PM
To: Missy Stevens/Corp/Enron@Enron
cc:

Subject: Problem Solving

Is this the process you have put in place for budgeting?

 - problem-.jpg


Gerald,
As per our discussions: I believe that I did not keep a copy of the mid-year
performance review that I sent to you inter-office for Eric Gillaspie.  Since
the report has been misplaced, to expedite your review, I have outlined my
comments on Eric's performance below ( I have used the ENA Commercial form,
hope it fits your needs):

Skills/Behaviors
Innovation/Entrepreneurship -  Rating: Strong
Eric has been very keen on learning the various facets of Interconnect
Agreements. He has come up the learning curve quickly and he has been very
insightful and helpful in crafting a document that includes a well founded
commercial document.
Communication/Setting Direction - Rating: Strong
Eric is very clear and concise in his work.  He seems very aware of both the
commercial requirements and the preferred form of Interconnect Agreement
terms and conditions of the Legal department.  He does a strong job of
directing his work to maximize the goals of both units.

Teamwork/Interpersonal - Strong
Very easily joins in on a team effort - Gateway Interconnect Agreement for
example - and makes a positive contribution.  My experience with Eric is that
he has a strong personal presence that he uses to achieve his objectives in
an easy yet successful manner.

Leadership/Values - Excellent
Eric always seems to have an excellent knowledge of the legal and commercial
requirements of the interconnect agreement and he readily shares this
knowledge to win his position.  His strong skill set lends a leadership
quality to his work that is very strong.  Regarding Enron values, Eric is a
great example of our Vision and Values Program.

Business Instincts - Strong
As Eric has been learning the strategy that the Generation Marketing Group
is  following with regard to interconnecting as many as possible with a
minimum of expense and risk exposure, he has been making more and more
commercially and legally sound recommendations

Analytical/Technical - Satisfactory
Eric has showed a satisfactory set of legal skills to enable him to construct
the agreements which we have worked on over the period.  I believe that as he
spends more time at Enron and comes up on the experience curve he will become
even more skilled and technically strong performer.

Overall Rating - Strong

Qualitative Comments
Interaction Experience: Eric is very approachable and is always willing to
tackle a new assignment.  He is easy going yet is firm in his positions.  He
seems to want to "study" a problem sometimes as opposed to making a "snap"
decision.  When he does take this time the results are usually very
satisfactory.  He produces a quality product that will get even better as he
gets more Enron time under his belt.  He is timely with his work and has been
very helpful in creating numerous interconnect agreements for Gateway, Rio
Nogales, Alstom and Chambers Energy among others.

Major Strengths: Is able to produce needed work in a professional, accurate,
and timely manner.  Appears to have a good grasp on the legal concepts I have
needed assistance on to date.

Continued Development: I think that traditional Enron in house courses as
well as outside conferences and workshops that cover areas pertinent to Enron
projects would help in Eric's overall understanding of our commercial
businesses.

I hope that this is helpful.  Please let me know if you have any questions


kate:

these are some deals that i was waiting on revisions from the broker on the
fees.  apparently they are saying there should fees on all of these trades.
can you pls check this out....

459812
457489
468444
468440

thanks


Chihuaha That (72 pts) defeated Chum Runners (58 pts)
Quieres su papa? (67 pts) defeated Chihuaha This (60 pts)

Bye Weeks:
Jester's Molesters (58 pts)
BlitzKrieg (62 pts)
Di's Nasties (40 pts)
SOMFAW (49 pts)
GassHoles (45 pts)
El Mariachi (83 pts)
Dawg Mawlers (70 pts)
Joe Stepenovitch (36 pts)
F-Bombs (52 pts)
Gore's Gangstas (56 pts)

The weekly report is available:
http://fflnet.myfantasyleague.com/fflnet2001/weekly?L=0205&W=15

Natural Gas Gridiron Address:
http://fflnet.myfantasyleague.com/fflnet2001/home/0205

Questions about this site?  Check out our FAQ (Frequently Asked Questions)
at http://www.myfantasyleague.com/fflnet2001/support_faq.html
or our detailed on-line help at
http://www.myfantasyleague.com/fflnet2001/coach.html


FYI

 -----Original Message-----
From: 	Harris, Molly
Sent:	Monday, September 10, 2001 4:47 PM
To:	Bradford, William S.
Subject:	Keith Power

Bill

Just wanted to share with you feedback on Keith below.  It seems he is improving!

 -----Original Message-----
From: 	Preston, Edward
Sent:	Friday, September 07, 2001 1:02 PM
To:	Power, Keith E.
Cc:	Harris, Molly
Subject:	Re: Leiserv, Inc.

Keith, thanks for the outstanding support to this opp.

Ed

 -----Original Message-----
From: 	Haynal, Richard
Sent:	Friday, August 31, 2001 1:41 PM
To:	Stubbs, Shelly
Subject:	Keith Power

Shelly
I wanted to recognize Keith for his quick response times during the last two weeks.  Keith understands the sense of urgency with some of these deals (i.e., when a customer wants to sign ASAP, it is important to get credit approved quickly and get a contract in front of the customer before the he/she changes his/her mind).  Thanks to Keith, we closed 7 deals in two weeks.

Thanks,
Rich.


-----Original Message-----
From: 	Butler, Janet
Sent:	Friday, March 22, 2002 11:34 AM
To:	Hyatt, Kevin; Lindberg, Lorraine; Watson, Kimberly; Hass, Glen; Rapp, Bill; Kilmer III, Robert
Subject:	El Paso Capacity Allocation

FERC has announced a technical conference for discusssion of allocation issues on El Paso's system for April 16, 2002.
Click below for the notice:

http://cips.ferc.gov/Q/CIPS/GAS/RP/RP00-336.002.TXT

At the public meeting on March 13, staff made a presentation, recommending that El Paso convert Full Requirements shippers to Contract Demand; provide capacity rights of the greater of billing determinant or coincidental peak; maintain the existing rate structure; maintain the 1996 settlement; and accept El Paso's proposed 20 pooling areas up from the existing 3 areas. Staff concluded that El Paso's firm service is unreliable and recommended the Commission set a technical conference.

Staff's presentation is attached:


Great job, as usual, on the United Way kick off today.  I saw Amy Leeand
Eylesse Kalmans as I left the Hyatt and I told them.  Please pass the kudos
along to the rest of your team.  The theme was timely, the staging was great,
the questions on the gameshow were even educational for newer Enron
employees, giving a little histsory and folklore about Enron.  (I knew the
WLEC 1 answer!)

I especially enjoyed the breakfast at Depelchin last Friday.  Their programs
are important to all of us and the tour was very moving as we met some of the
children in the shelter.


Possible Rotating Blackouts Beginning at 2:30 P.m. Today; Outages Required
Due to Supply Limitations

FOLSOM, Calif.--(BUSINESS WIRE)--May 31, 2001--The California Independent
System Operator (California ISO) is notifying the public of the possibility
of rotating customer outages beginning around 2:30 p.m. today, Thursday, May
31, 2001.

Conservation efforts will help lessen the severity and duration of possible
outages. All Californians are urged to rededicate their efforts to save as
much energy as possible during this emergency situation. Please monitor the
ISO website at www.caiso.com under System Conditions for updates.

Specific information about the location and timing of the outages must be
obtained from the local utilities. California ISO anticipates reaching a peak
load of 37,882 megawatts at approximately 4:00 p.m. this evening. Stage One
and Stage Two Emergencies remain in effect all day, until 12 midnight.

???????ISO TELECONFERENCE CALL

???????Time: ??????????????????3:00 p.m.
???????Phone: ?????????????????1-800-374-1387
???????Passcode: ??????????????ISO News

Stage Three of the state's Electrical Emergency Plan (EEP) is required when
operating reserves fall below one-and-a-half percent. The California ISO's
EEP is part of the state's enhanced reliability standards created by landmark
legislation Assembly Bill 1890, which restructured California's electricity
industry.

California ISO is charged with managing the flow of electricity along the
long-distance, high-voltage power lines that make up the bulk of California's
transmission system. The not-for-profit public-benefit corporation assumed
the responsibility in March, 1998, when California opened its energy markets
to competition and the state's investor-owned utilities turned their private
transmission power lines over to the California ISO to manage. The mission of
the California ISO is to safeguard the reliable delivery of electricity,
facilitate markets and ensure equal access to a 12,500 circuit mile "electron
highway."

Other helpful contacts:

Pacific Gas and Electric, 415/973-5930 Southern California Edison,
626/302-2255 San Diego Gas and Electric, 877/866-2066

???CONTACT: California ISO, Folsom
????????????Stephanie McCorkle, 888/516-NEWS
????????????Director of Communications


FROM BARRISTER PETER JAMES
TEL NO 228-9027647

>DEAR SIR,
>>
>>I receive your contact details from your
>>Embassy/Consular here when I was seeking for a
>>reputable person/persons outside Nigeria for a
>>profitable joint Partnership in a long lasting
>>establishment. The funds for the investment are
>>already been moved and deposited with a reputable
>>Security/Finance Organisation outside the country.
>>Infact I am confiding this in you in respect of an
>>endeavour of trust and hopeful that you will be of
>>assistance of this mutual and future co-operation.
>>I am PETER JAMES, a Lawyer, Legal ractitioner/Corporate Attorney for the Past Military Government, Based on my long relationship with the family of Late General Sanni Abacha (our Past  President) through my childhood friendship with Ibrahim Abacha (First son of the family who died in a plane crash in 1995) with whom I was really close to.Recently, I was contacted by Mrs Mariam Abacha (Late Gen. Sanni Abacha widow) to join the team of Lawyers
>>representing Mohammed (Ibrahims younger Brother)
>>Abachas Second Son in the trial of murder charges as
>>filed by the Present Democratic Government (his
>>fathers enemies who are now in power). The case is
>now at the Lagos High Court. In addition, she has
>mandated me to arrange for relocation of the family financial resources for safe keeping to avoid traces from any member of the Abachas family and also for possible
>>confiscation or seizure by this Present Government,
>>through the family (Abachas) has suffered huge loss
>as some of their identified domestic and foreign bank
>>accounts has been frozened. Meanwhile, their real
>>estate investments have also been seized and
auctioned.

>>Of IMMEDIATE ATTENTION now, is the movement of 140.3
>>Million U.S Dollars currently lodged with a Finance
>>and Security Organisation outside Nigeria. I have the
>>relevant details and prepared to furnish you with the
>>particulars which will position you as the bonafide
>>beneficiary of the said fund or lodgement to enable
>>you communicate directly with the Security outfit
>>towards issuance of transfer instruction or
>withdrawal which must be top secret and confidential.
>>Get in touch to enable us deliberate on a possible
>>meeting arrangement where all modalities and your
>>involvement/percentage should be discussed Transmit
>>your response by phone no 228-9027647. I will get
>>back to you as soon
>>as I receive your response.
>>Yours faithfully
>>
>>PETER JAMES>>
(ESQ)Barrister-at-Law
>

Sign up for your "FREE E-MAIL" @ MADMAIL http://www.madmail.com


Friends don't let friends take home ugly men
-------Women's restroom, Starboard, Dewey
Beach, DE

Remember, it's not, "How high are you?" its
"Hi, how are you?"
-------Rest stop off Route 81, West Virginia

No matter how good she looks, some other guy
is sick and tired
of putting up with her shit.
-----Men's Room, Linda's Bar and Grill,
Chapel Hill, N. Carolina

A Woman's Rule of Thumb: If it has tires or
testicles, you're
going to have trouble with it.
-------Women's restroom, Dick's Last Resort,
Dallas,Texas

Express Lane: Five beers or less.
-Sign over one of the urinals, Ed Debevic's,
Beverly Hills, CA

You're too good for him.
-Sign over mirror Women's room, Ed Debevics,
Beverly Hills, CA

No wonder you always go home alone.
  -Sign over mirror in Men's room, Ed Debevic's, Beverly
Hills, CA

The best way to a man's heart is to saw his breast
plate open.
-------Women's restroom, Murphy's, Champaign, IL

If you voted for Clinton in the last election, you
can't take
a dump here. Your asshole is in Washington.
-------Men's room Outback Steakhouse, Tacoma,
Washington

Beauty is only a light switch away.
-------Perkins Library, Duke University, Durham, North
Carolina

If life is a waste of time, and time is a waste of
life, then
let's all get wasted together and have the time of our
lives.
-------Armand's Pizza, Washington, D.C.

Don't trust anything that bleeds for 5 days and
doesn't die.
-------Men's restroom, Murphy's, Champaign, IL

What are you looking up on the wall for? The joke is
in
your hands.
-------Men's restroom, Lynagh's, Lexington, KY


Jim, I need to apologize and confess I skipped the call this morning because
of an uncontrollable addiction to the Presidential election proceedings.
David Boies and Barry Richards were just too much to pass up.  Sorry.
Not much here.  We settled the Beaver lease cases at the same price we paid
the other lessors and without any of their attorney fees.  Good result.  We
have FERC approval of the Sierra sale.  SEC looks good for Jan or Feb.
I am working with Richard Sanders and Robin Gibb on defense to the California
class actions.
We have a new offer from BNFL that will be the subject of a conference call
soon.  Looks like they will pay us about 75% of our damages to go away.
One new risk is the upcoming cold spell and very high Northwest prices.  This
will cost us a lot of money, possibly not recoverable from customers, and may
spread the litigation over high prices to the Northwest.  This could develop
as a risk to the Sierra sale in the extreme, but right now appears manageble.
More on this as it develops.  The Enron litigation team is here on Monday and
we will cooperate on strategy and resources as prudent.
Finally, we have received a settlement offer on the Grant County case that
looks good and we are pursuing it.  Al.


I am not sure, I just am being a little overly cautious about making changes that someone at corporate may not be aware of.

-----Original Message-----
From: Fossum, Drew
Sent: Wednesday, October 31, 2001 10:17 AM
To: Hayslett, Rod
Subject: RE: NBP Services Corp.-Unanimous Consent

I agree, but I'm not sure who--is it someone in Rex Rogers' group that handles the propriety of employee benefit plans, etc? Let me know if you have a name, otherwise I'll call Rex.  Thanks. DF

-----Original Message-----
From: Hayslett, Rod
Sent: Wednesday, October 31, 2001 6:11 AM
To: Fossum, Drew
Subject: Fw: NBP Services Corp.-Unanimous Consent
Importance: High

Probably need additional review by someone now, given the current situation.  What do you think?

--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Place, Janet <Janet.Place@ENRON.com>
To: Fossum, Drew <Drew.Fossum@ENRON.com>; Hayslett, Rod <Rod.Hayslett@ENRON.com>
CC: Davis, Hardie <Hardie.Davis@ENRON.com>
Sent: Tue Oct 30 18:41:34 2001
Subject: NBP Services Corp.-Unanimous Consent

Drew and Rod,
I thought that I would give you a heads-up that a Unanimous Consent is being circulated for your signature. Northern Plains and NBP Services Corp are the sponsors of the Northern Border Phantom Unit Plan. We have been working with the benefits group and Pat Mackin and have now prepared an Amended and Restated Northern Border Phantom Unit Plan. The Consent authorizes the adoption and execution of that Plan. I have initialed the Consent for your execution. Should you need any further explanation, please let me know. Thanks.  Janet


Mark,

We emailed an Enron One Way NDA to Global Crossing, Ltd. 11/22/00 at the
request of Peter Feltman.  Was there something the matter with that form or
is this for something totally different?

	Mark Greenberg@ENRON
	04/11/2001 04:41 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Global Crossing - Enron Net Works NDA

Tana -

FYI

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 04/11/2001 04:35 PM -----

	Peter Feltman/ENRON@enronXgate
	04/11/2001 01:46 PM

		 To: lobrien@globalcrossing.com@SMTP@enronXgate
		 cc: Mathis Conner/ENRON@enronXgate, David Berberian/ENRON@enronXgate, Rex
Shelby/ENRON@enronXgate, Mark Greenberg/NA/Enron@ENRON
		 Subject: Global Crossing - Enron Net Works NDA

Laureen:

Attached please find our in-house counsel's comments to your comments of the
Global Crossing/Enron NDA.

Please call me at 713-345-4482 or Mark Greenberg (Enron in-house counsel) at
713-345-8897 if you have any further questions or comments.

Best regards,

Peter Feltman

Peter Feltman
Director
Enron Net Works
1400 Smith Street
Houston, Texas 77002
T: 713-345-4482
X: 713-646-8583
E-Mail: peter.feltman@enron.com


Nope.  Loretta is straddling the fence.  Duque and Bilas are opposed. Brown
hasn't a real clue.  Davis isn't sure.  Sempra doesn't care because the MOU
is more important.  SoCalGas can't lobby.  Might just get voted out....

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, November 27, 2001 10:18 AM
To: Cherry, Brian
Subject: RE: Natural Gas Strategy Comprehensive Settlement Alternate
Decision of Commissioner Wood

You're kidding.

-----Original Message-----
From: Cherry, Brian [mailto:BKC7@pge.com]
Sent: Tuesday, November 27, 2001 12:11 PM
To: Dasovich, Jeff
Subject: RE: Natural Gas Strategy Comprehensive Settlement Alternate
Decision of Commissioner Wood

Probably. I'll find out later this week.

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, November 27, 2001 9:06 AM
To: Cherry, Brian
Subject: RE: Natural Gas Strategy Comprehensive Settlement Alternate
Decision of Commissioner Wood

Thanks?  Brown going to vote for it?

-----Original Message-----
From: Cherry, Brian [mailto:BKC7@pge.com]
Sent: Tuesday, November 27, 2001 10:32 AM
To: Dasovich Jeff (E-mail)
Subject: FW: Natural Gas Strategy Comprehensive Settlement Alternate
Decision of Commissioner Wood

>  -----Original Message-----
> From: 	Cherry, Brian
> Sent:	Tuesday, November 27, 2001 8:29 AM
> To:	Anderson, David W (Law)
> Subject:	FW: Natural Gas Strategy Comprehensive Settlement
Alternate
> Decision of Commissioner Wood
>
>
>
>  -----Original Message-----
> From: 	Cherry, Brian
> Sent:	Tuesday, November 27, 2001 8:28 AM
> To:	Andrew Niven (E-mail); Benjamin Campbell (E-mail); Dan
McLafferty
> (E-mail); Dan Thomas (E-mail); David Anderson (E-mail); Dede Hapner
> (E-mail); Dennis Gee (E-mail); Donald Petersen (E-mail); Frank Lindh
> (E-mail); G Jefferson (E-mail); Gary Guerrero (E-mail); Geoffrey
Bellenger
> (E-mail); George Clavier (E-mail); J Reidenbach (E-mail); Jerry Miller
> (E-mail); John Armato (E-mail); John Clarke (E-mail); Joshua Bar-Lev
> (E-mail); Karen Tomcala (E-mail); Kevin Ernst (E-mail); Kirk Johnson
> (E-mail); Les Buchner (E-mail); Les Guliasi (E-mail); Linda Agerter
> (E-mail); Lisa Lieu (E-mail); Lise Jordan (E-mail); Mark Huffman
(E-mail);
> Michael Katz (E-mail); Neha Patel (E-mail); Patrick Golden (E-mail);
Paul
> Sivley (E-mail); Randall Litteneker (E-mail); Ray Williams (E-mail);
> Richard Hall (E-mail); Rodney Boschee (E-mail); Sandra Burns (E-mail);
> Sandy Dickinson (E-mail); Shaun Halverson (E-mail); Shelly Malekos
> (E-mail); Shirley Woo (E-mail); Stuart Tartaglia (E-mail); Todd Arnett
> (E-mail); Trista Berkovitz (E-mail)
> Subject:	Natural Gas Strategy Comprehensive Settlement Alternate
> Decision of Commissioner Wood
>
> Last evening, Commissioner Wood released his alternate to Commissioner
> Bilas' Revised Proposed Decision in the Natural Gas Strategy case.
> Commissioner Wood's alternate rejects the Comprehensive Settlement
> Agreement, which would unbundled SoCalGas' intrastate transmission
system,
> and approves the Interim Settlement proposal, which would make minor
> changes to SoCalGas' windowing procedures, establish hector Road as an
> alternate receipt point, and establish pools for gas trading, among
other
> minor changes.  However, Commissioner Wood's alternate goes further,
> rejecting the unbundling of core interstate transportation from rates
and
> eliminating completely the core's contribution to ITCS (interstate
> transportation cost surcharges), which cost the core approximately
$7-10
> Million per year.
>
> I'll forward a copy of the alternate to you as soon as it is
available.

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


You shouldn't have to do any measuring.  The city occupancy people should have done that when they issued your occupancy permit.  If you don't have an occupancy permit, you need to do that immediately.

Hilary

At 08:55 AM 1/24/2002 +0800, you wrote:

>Thanks Hilary,

>They don't have any fixed seating in their space, so someone will have to do

>some math to figure out whether there's compliance. It's possible they will

>need to provide more. Thanks again for the information, and sorry if I gave

>a false report. I may have misunderstood...

>

>> From: Hilary Smith <<hsmith3@attglobal.net>

>> Reply-To: emca@yahoogroups.com

>> Date: Wed, 23 Jan 2002 21:38:54 -0600

>> To: emca@yahoogroups.com

>> Subject: Re: *EMCA* Re: Ecclesia and 2115 Taft

>>

>> Chapter 26, of the Ordinances of the City of Houston, the Off Street Parking

>> Ordinance, is very clear about the number of parking spaces required for a

>> church:

(Mr.) Hilary Smith

712 Bomar St.

Houston TX  77006-1316

713.523.0559

Fax: 713.523.3928

Website:
<underline><color><param>0000,0000,ffff</param>http://pws.prserv.net/hilary</color></underline>


Good meeting you.? Sorry not to get this to you sooner.? See below.

Please use two e-mail addresses:

jfichera@saberpartners.com (NY)

joseph.fichera@gov.ca.gov (Sacramento)

PHONE NUMBERS BELOW...

joe

______________________________________________________________
Corporate Contact Information

Joseph S. Fichera
Senior Managing Director & CEO
Saber Partners, LLC
44 Wall Street, 12th Floor
New York, NY? 10005

TEL: 212-461-2370
FAX: 212-461-2371

Web Site: http://www.saberpartners.com


We're getting a lot of inquiries about Enron's role in California's de-reg
history, with a lot of misinformation arising out of Peace's handywork.

I spent about 3 hours on Friday with a Sac Bee reporter (Dale Kasler).  He'll
be interviewing Skilling on the same topic in a week or so, and he'd like to
talk to Steve, too.

Sue spent time with a NYT reporter discussing the same. Some common themes
are arising in the questions.  Thought it would be a good idea to spend 30
minutes discussing those themes and developing our messages to ensure
consistency.  If folks think it would be useful, is there a time this week
that we could squeeze in 30 minutes?  Thanks.

Best,
Jeff


-----Original Message-----
From:  Kingerski, Harry
Sent: Monday, July 16, 2001 5:06 PM
To: 'JBennett <JBennett@GMSSR.com>@ENRON'; Jeff Dasovich (E-mail); Jim
Steffes (E-mail); Sue Mara (E-mail)
Subject: RE: A.00-11-038 et al. ABAG POWER Petition for Modification of D.
01-05-064

I think ABAG has a good point and the principle is one we are also trying to
establish - if you weren't using DWR power, you shouldn't have to pay for
it.  But I wonder if Enron's endorsement of ABAG's petition wouldn't
contaminate it.  I think we should let them win on the merits of their own
argument and use their success (if it occurs) as precedent for our position
on similar issues.

Also, there is some downside if they win.  Our customers were on the utility
for those 3 months, and are now off - the direct opposite of the situation
ABAG is in.  So if they escape the burden of the 3 month surcharge, it would
(should) be reimposed on customers who were on the utility at that time -
which in theory could include our customers, even though they are back on DA
and otherwise exempt from the surcharge.

So while I think we want them to win, like always, its hard to figure if
that's good or bad so let's just stay out.

 -----Original Message-----
From:  JBennett <JBennett@GMSSR.com>@ENRON
[mailto:IMCEANOTES-JBennett+20+3CJBennett+40GMSSR+2Ecom+3E+40ENRON@ENRON.com]
Sent: Monday, July 16, 2001 11:43 AM
To: Kingerski, Harry; Jeff Dasovich (E-mail); Jim Steffes (E-mail); Sue Mara
(E-mail)
Subject: FW: A.00-11-038 et al. ABAG POWER Petition for Modification of D.
01-05-064
Importance: High

Attached is a petition for modification of Decision 01-05-064 (the rate
design decision) filed by the Association of Bay Area Governments. The
Petition requests that the decision be modified to exempt customers which
were direct access for the period of March through May 2001 from the 12
month procurement surcharge which is designed to allow the utilities to
collect the three cent increase authorized by the March decision which then
did not go into effect until June (i.e., collect the revenues foregone due
to the time lag in implementation).

Given the fact that most of Enron's customers were on bundled service during
the March-June time frame, I do not believe that the requested modification
would provide them any benefit. Let me know if I am wrong on this and if
Enron wants to chime in  in support of ABAG's petition.

Jeanne Bennett

-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Friday, July 13, 2001 5:31 PM
To:
Subject: Re: A.00-11-038 et al. ABAG POWER Petition for Modification of
D.01-05-064
Importance: High

Attached for your information is a copy of the Petition for Modification of
D.01-05-064 filed today by ABAG POWER.  Copies have also been sent to all
parties on the service list by U.S. Mail.

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

 - 7-13-01 Petition for Modification of D.01-05-064 - Final.doc << File:
7-13-01 Petition for Modification of D.01-05-064 - Final.doc >>


I am going to be the Senior Regulatory Counsel at ISO New England starting on
April 9, 2001.   My last day in the Portland area will be March 31, 2001.  I
enjoyed working with you and wish you the best of everything.  My new address
will be:

Mary Hain
Senior Regulatory Counsel
ISO New England Inc.
One Sullivan Road
Holyoke, MA  01040-2841
(413) 535-4000
mhain@ISO-NE.com


We have extended the deadline for submission of written materials for the
SWAPs.....program to Friday, October 12th.  We would appreciate your letting
us know whether any of the materials you will be submitting will require
copyright permission so that we may assist you with that process.

We ask that you send us your biographical information as soon as possible.

Thank you in advance for your efforts to make the SWAPs program a success.

Indira Singh
Program Assistant
Practising Law Institute
810 Seventh Avenue
New York, NY 10019
isingh@pli.edu
Ph 212 824-5808
Fx 212 824-5871

***********************************************
PLI declines to enter, or be bound by, any
agreement involving electronic signatures.
***********************************************

Visit us at www.pli.edu.


Dear Advisory Board members:

Dr.Mark Wheelis, PhD emailed the following:

Inhaling anthrax can be spread by aerosol only by droplets small enought to
penetrate into the alveoli--approximately 5 micrometers diameter.
Does not spread from person to person. HEPA filters will remove it,
but not normal air filters.

From Reports from Russia, it is evident high temp. (air circulation) will
kill Anthrax. I worked as Chief Engineer in Texaco and Shell buildings in
Houston. I am familiar with filteration and heater systems. I request a
discussion may be arranged among the interested Advisory Board Mebers to
review this topic.

Sam Kannappan P.E.
cell 713 724-4399
Off 713 295-4619
H 281 484-2270
Fax 281 922-1859


Thanks - Hope this works


I have vacation scheduled for Friday, November 9.  I will be back in the office on Monday, November 12.  I will have my cell phone (713-408-0929) and Blackberry with me if you need to reach me.  I will check voice mail a few times as well.

Thanks

Tracy


Based upon your representations I see no conflict and wish you well in your
new job.


Ryan Williams
East Power Trading
Enron North America
(713) 853-4793


Melissa, Stacey,

Have you ever experienced the problem that Brad is describing below?  If so, how do we resolve it?  Is it a Global issue?

Thanks,
Will

 -----Original Message-----
From: 	Merchant, Brad
Sent:	Monday, December 31, 2001 9:43 AM
To:	Smith, Will
Subject:	RE: Contract # problem - Enpower

Hi Will,
yes this is still a problem.  The affected deal numbers and appropriate contract numbers are as follows :

deal # 832456.3	contract # 96063178
deal # 832390.3	contract # 96063003
deal # 832413.3	contract # 96062843

Let me know if you have any questions.

Thanks,
Brad

 -----Original Message-----
From: 	Smith, Will
Sent:	Monday, December 31, 2001 8:14 AM
To:	Merchant, Brad
Cc:	Quon, Sandra
Subject:	RE: Contract # problem - Enpower

Brad,

My apologies for not responding sooner.  I have been on vacation for the last week and a half.

Is this still a problem?  If so, can you give me a list of the affected deals and the contracts that should be assigned to them?

Thanks,
Will

 -----Original Message-----
From: 	Merchant, Brad
Sent:	Thursday, December 20, 2001 2:43 PM
To:	Smith, Will
Cc:	Quon, Sandra
Subject:	Contract # problem - Enpower

Hi Will,
per my phone message, we are having difficulties now with 3 not 2 deals with respect to their contract numbers.  The recent deal is # 832413 for Vornweg Waterpower.  Again, contract number 96063077 appears under the deal clearing tab.  This is the incorrect contract number and I the correct one is not under the Global contract number dropdown box, which it usually is with our Ontario deals.  Can you please help me with this problem as soon as you have a minute.

Thanks,
Brad


You were quite right on the topic of gas prices in California. I looked
through some articles I have been collecting that make reference to an
investigation by the FERC into alleged market manipulation by El Paso Corp
in the context of the price basis between San Juan and Topock. You probably
know all this already, but I attach an article that was in the FT yesterday.

Sabine.

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Sabine Schnittger
Managing Consultant
Frontier Economics
Two Brattle Square
Cambridge, MA 02138
Office tel:    (617) 354-0060
Office fax:   (617) 354-0640
Mobile:        (617) 480-5992
Email:   sabine.schnittger@frontier-economics.com
http://www.frontier-economics.com

 - 01-05-02 The gas factor (FT).doc


here is jackie's stuff

>From: "Chris Neale" <chrisjneale@hotmail.com>
>To: JKelly@FairIsaac.com, Jeff.Dasovich@enron.com,
>cneale@coredevelopmentinc.com
>CC: dasovich@haas.berkeley.edu, kupiecki@haas.berkeley.edu,
>tedchin@hotmail.com
>Subject: RE: FW: Review Session for Final
>Date: Sun, 03 Dec 2000 21:56:16 -0800
>
>Kim & Jeff, Hope all is going well with your other project.
>
>Attached is the word document containing the list of Attachements for the
>Executive Summary and who is doing which part.  For parts B - G, all that
>needs to be done is to clean up the analysis & Plot the results.
>
>Hope it helps, Chris
>
>
>
><< StadiumStudySession.doc >>

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Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - FIN group project.xls


----- Forwarded by Steven J Kean/NA/Enron on 03/15/2001 10:25 AM -----

	Rene Chapoton <rchapot@tulane.edu>
	03/11/2001 11:47 PM

		 To: SKean@Enron.com
		 cc:
		 Subject: Possible Enron Visit to Tulane Univ. Late March or April

Mr. Kean,

I've attached a document outlining a proposal for an associate in Enron's
Capital & Risk Management Services division to come and speak in several
graduate and undergraduate classes this semester. Times and dates are
extremely
negotiable. I will make all necessary arrangements to ensure a pleasant visit.

Thank you for your time and have a great day. I look forward to hearing from
you.

Sincerely,

Rene Chapoton
RChapot@Tulane.edu
(504)251-7363

Additional questions:

Dean Peggy Babin
PBabin@Tulane.edu
(504)865-5412
Associate Dean
Freeman School External Operations

Prof. Sheri Tice
STice@Tulane.edu
(504)865-5469

 - Enron Tentative Schedule.doc


Happy New Year. I hope you are well.

Kristin is planned to spend a couple of weeks on Doorstep in Feb I believe -
this prompts a question......

When will EBS be subject to a Doorstep review?

Let me know your thoughts.

Thanks.

B.


Sorry you are correct. 713 is correct.  It has been a long week.

Thanks
Mark

 -----Original Message-----
From: 	Place, Janet
Sent:	Friday, November 30, 2001 1:58 PM
To:	Whitt, Mark
Cc:	Bump, Dan J.
Subject:	RE: Fax Cover Sheet
Importance:	High

Please verify the Houston fax number.  Isn't "303" a Denver prefix??  Thanks.

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, November 30, 2001 2:52 PM
To:	Place, Janet
Cc:	Bump, Dan J.
Subject:	RE: Fax Cover Sheet

Please also fax this letter to our credit war room in Houston.  The # is 303-646-3227.

 -----Original Message-----
From: 	Place, Janet
Sent:	Friday, November 30, 2001 12:19 PM
To:	Whitt, Mark
Cc:	Mathews, William
Subject:	Fax Cover Sheet

Mark,

Please disregard the comments on the fax cover sheet just sent to you. You should have received with the cover sheet the Notice letter from Crestone Energy Ventures, LLC regarding the Master Services Agreement. If you did not receive that letter, please notify me as soon as possible.

Janet Place