----- Forwarded by Miyung Buster/ENRON_DEVELOPMENT on 09/29/2000 04:10 PM
-----

	djcustomclips@djinteractive.com
	09/26/2000 11:19 PM
	Please respond to nobody

		 To: 86464@WCTOPICS.djnr.com
		 cc:
		 Subject: Utilities, Electric: Deregulation: Electricity Crisis Cools Down a
Bit in San Diego County, ...

 Electricity Crisis Cools Down a Bit in San Diego County, Calif. Dan McSwain
? 09/26/2000 KRTBN Knight-Ridder Tribune Business News: North County Times -
Escondido, California Copyright (C) 2000 KRTBN Knight Ridder Tribune Business
News; Source: World Reporter (TM)

An uneasy aftermath has settled over this summer's power price shocks in San
Diego County, punctuated this weekend by cool weather and falling electricity
prices, as the state and federal policy-making apparatus shifts from a season
of panicked damage control to the extremely difficult question of what to do
next.

In the parlance of the electricity industry, these are the "shoulder" months;
a breather between periods of heavy demand for summer cooling and winter
heating in which power-generating plants are typically pulled out of
commission for trouble-shooting, overdue maintenance and refueling.

California's pioneering deregulation of its electricity industry lies in a
state of exhaustion. Guarantees from politicians of greater efficiency and
lower prices have collapsed this summer into chronic power shortages and a
historic transfer of wealth that in about 90 days moved $10.6 billion from
the buyers of electricity to the sellers.

Optimism is in short supply as a fractious collection of stakeholders and the
nation's political and regulatory institutions begin to search for solutions.

Emergency legislation approved by state lawmakers in August will temporarily
reduce bills for the 1.2 million customers of San Diego Gas & Electric Co.
from an average $146 in September to about $72 per month. In July 1999, San
Diego County and parts of south Orange County became the first region in the
nation under deregulation law to directly pay the wholesale price of
electricity.

Cool weather has caused demand for power to sag this weekend, bringing prices
down from their lofty summer peaks to about 7.5 cents per kilowatt hour on
Friday.

But while the legislation has capped rates at 6.5 cents per kilowatt hour for
SDGOcustomers, the utility will continue to pay the volatile wholesale cost
of power, which averaged 21.4 cents this month. Historically, prices have
fallen to as low as 1 cent per kilowatt in the winter months, but this year
prices seem likely to exceed 6.5 cents for most of the year, and take off
again in summer 2001.

Analysts say generating and power marketing companies will retain their
ability to raise prices, called market power, because their costs are higher
and supplies of power are tight in the Pacific Northwest.

SDGOsays the legislation could create a shortfall, to be financed by the
company, that could run up an $800 million IOU by 2003. In the past, the
Public Utilities Commission has allowed the utility to pass on such
shortfalls to consumers in the form of higher rates.

Pacific Gas&Electric and Southern California Edison, the state's other
investor-owned utilities, have collectively lost at least $3.3 billion this
summer because their retail rates have remain capped under deregulation. Both
utilities are seeking to end their retail rate caps early to escape the risk
of sustained high wholesale prices.

Consumer groups are outraged; investors are skeptical. Three major credit
rating companies said the California utilities face increased regulatory
uncertainty, and the utilities' stock prices fell last week.

A hot-potato mentality is emerging among policy-makers who say the authority
to clamp down on market behavior has been dispersed by deregulation.

California regulators and consumer advocates have great expectations for a
series of state and federal investigations into the causes of higher prices
and into charges of market manipulation and price gouging by power companies.
Chief among them is an investigation by the Federal Energy Regulatory
Commission that may lead to changes in California's power trading system.

"Unfortunately, we have ceded most of our authority over wholesale markets to
the federal government," said Loretta Lynch, the president of the California
Public Utilities Commission, the state's top regulator.

James Hoecker, the chairman of the federal commission, said Lynch overstates
the case. "California has not given me one scintilla of authority that I
didn't already have," Hoecker said in August.

The federal commission has been critical of California's approach to
deregulation, but has been reluctant to intervene in interstate wholesale
markets, into state trading systems, or to make aggressive use of its
investigative powers.

What is dawning on California policy-makers, analysts say, is the hard lesson
that deregulation transfers considerable authority away from government
officials and to the market participants. The challenge is to get
deregulation right the first time.

"The problem is not deregulation," said Robert McCullough, an economist and
former utility executive based in Portland, Ore. "The problem is this Rube
Goldberg device that has been constructed in California."

The trading practices of power marketers in the West also is under scrutiny
by the federal commission. Regulators informed electricity marketing
companies in August that if price gouging is found, the refund of some
profits may be ordered by the commission for windfall profits that are earned
after mid-October.

A surprising number of observers say generators have simply acted in their
own interest and taken advantage of the rules to make money. Ranging from
consumer advocates to economists to some regulators themselves, many say
bungled deregulation is a more likely cause of high prices than a conspiracy
of generating companies.

"This market has behaved very rationally this summer," said Frank Wolak, a
Stanford economist who chairs the market surveillance committee of
California's power transmission manager. "All you need is tight supply to
exercise market power in this market; you don't need collusion."

A titanic shift is shaping up in the way power is bought on the wholesale
markets on behalf of California consumers. All three utilities have been
granted authority by state regulators to make confidential deals for
electricity directly with individual generators or power trading companies,
largely bypassing the state's nonprofit power exchange.

In an equally important development, the manager of most of California's
transmission system has asked federal regulators for permission to sign
long-term deals for power. Up to now, the transmission manager has been
limited to last-minute purchases of emergency power to stabilize the grid.

Critics fear both measures are steps toward reinstating the system that
existed before deregulation, in which a small number of buyers made large,
long-term deals with a handful of suppliers.

The architects of California's deregulation, fearing the monopoly power of
the utilities, had stripped bilateral purchasing authority to foster
competition among a new kind of retail power provider. Under the scheme,
utilities were to be limited to the highly regulated business of electricity
distribution Folder Name: Utilities, Electric: Deregulation Relevance Score
on Scale of 100:
95______________________________________________________________________ To
review or revise your folder, visit Dow Jones CustomClipsor contact Dow Jones
Customer  Service by e-mail at custom.news@bis.dowjones.comor by phone at
800-369-7466. (Outside the U.S. and  Canada, call 609-452-1511 or contact
your local sales representative.)
______________________________________________________________________
Copyright (c) 2000 Dow Jones &Company, Inc. All Rights Reserved


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---


Please join me and the Global Accounting leadership team in congratulating
the following individuals on their promotions to:

To Managing Director
 Sally Beck (EWN)
 Fernley Dyson (EEL)

To Vice President
 Beth Apollo (ENW)
 Janine Juggins (EEL Tax)
 Phillip Lord (EBS)
 Laura Scott (ENA)
 Chris Sherman (ENA)
 Wade Stubblefield (EES)

To Senior Director
 Buddy Aiken (EEL)
 Jim Coffey (ENA)
 Donette Dewar (Intl. Tax)
 Patricia Dunn (NEPCO)
 Mark Frank (ENA)
 William Gehle (EECC)
 Joseph Grajewski (EECC)
 Jan Johnson (Corp)
 Scott Mills (ENW)
 James New (EEL)
 Mary L. Ruffer (ENA)
 Richard Sage (EEL)
 Elaine Schield (Corp)
 Kevin Sweeney (ENW)
 Beth Wapner (EBS Tax)

Director
 Thresa Allen (ENW)
 Ron Baker (Corp)
 Misty Barrett (EES)
 Jeff Blumenthal (EWS)
 Trey Cash (Corp Tax)
 Karen Choyce (Corp)
 Cheryl Dawes (ENA)
 Lanette Earnest (EWS Tax)
 Jeffrey Gossett (ENW)
 Robert Guthrie (ETS Tax)
 Susan Helton (ENA)
 Ralph Jaeger (EEL)
 Andrea Kerch (EEL)
 Faith Killen (ENA)
 Johnna Kokenge (Corp)
 Matt Landy (EEL)
 Andy Lawrence (ISC)
 Connie Lee (EBS)
 Caroline Lothian (EEL)
 Meg Malone (Corp Tax)
 Gary Peng (Corp)
 Stephen Schwarzbach (Corp)
 Sally Seelig (EES Tax)
 Don Shackley (EES/London Tax)
 Patricia Shannon (Corp)
 Eddie Sikes (Intl. Tax)
 Jeffrey Smith ( EGM)
 Ron Smith (GSS)
 Kim Theriot (ENW)
 Hope Vargas (ENA)
 Tina Ward (EEL)
 Stephen Whitaker (EEL)
 Stacey White (ENW)
 Rob Wilcott (Corp)

To Manager
 Christopher Abel (ENW)
 Stacey Aune (ENA)
 David Baumbach (ENW)
 Maya Beyhum (ENW London)
 Patricia Bloom (ENA)
 Matthew Brown (ENW)
 Vince Cacaro (ISC)
 Clara Carrington (ENW)
 Carol Carter (ENA)
 Carolyn Centilli (ISC)
 Erin Copeland (EECC)
 Richard Cross (ENW)
 Rachel Davis (Corp)
 Michael Desbiens (ISC)
 David Dupre (ISC)
 Eileen Flanagan (EEL)
 Regina Figueroa (ISC)
 Rebecca Ford (ENW)
 Darron Giron (ENW)
 Julie Goodfriend (International Tax)
 Karen Gruesen (ENA)
 Kevin Hall (EEL)
 Kristen Hanson (ENW)
 David Horne (ISC)
 Larry Hunter (ENW)
 Todd Hunter (EES)
 Jim Ischy (GSS)
 Chris Jones (ISC)
 William Kasmervisz (ENW)
 Kam Kaiser (ENW)
 Kedar Kulkarni (ISC)
 Monica Lande (ENW Portland)
 Suzanne Lane (EEL)
 Vince Mack (ISC)
 David Maxwell (ENW)
 Emitra Nelson (ISC
 Caroline Nugent (EWS Tax)
 Mark Pope (ISC)
 Yiannis Poulopoulos (London Tax)
 Melissa Ratnala (ENW)
 Jason Sharp (Corp Tax)
 Stephanie Smith (Corp)
 Patricia Spence (ENW)
 Amy Spode (ENW)
 Patricia Sullivan (ENW)
 Lisa Sutton (ETS)
 John Swinney (ENW)
 Deana Taylor (Corp)
 Dimitri Taylor (ENW)
 Wayne Tencer (EES)
 Bernella Tholen (ENA)
 Theresa Vos (ENA)
 Blake Walker (EECC)
 Bob Ward (International Tax)
 David Williams (EEL)

To Senior Specialist
 Amelia Alland (ENW)
 James Armstrong (ENA)
 Carmen Ayala (GSS
 Cynthia Balfour-Flanagan (ENW)
 Gilda Bartz (Corp)
 Stacey Brewer (ENW)
 Marian Briscoe (Corp Tax)
 Aneela Charania (ENW)
 Patricia Clark (Corp)
 Chris Crixell (EES Tax)
 Diane Ellstrom (ENW)
 Heidi Griffith (EES)
 Marla Hernandez (ISC)
 Marlene Hilliard (ENW)
 Dave Hollick (London Tax)
 Rachel Jones (EEL)
 Dawn Kenne (ENW)
 Harry Kent (EWS Tax)
 Blanca Lopez (ENA)
 Brian Hunter Lindsay (EEL)
 Rachel Lyon (EEL)
 Stacy Hardy (ENA)
 Sally McAdams (ISC)
 Kelly McCain (Corp Tax)
 Errol McLaughlin, Jr. (ENW)
 Sylvia Martinez (ISC)
 Kevin Meredith (ENW)
 Meredith Mitchell (ENW)
 Winnie Ngai (Corp Tax)
 Thien-Huong Ngo (ENW)
 Brian Palmer (ENW)
 Bich Ann T Pham (ENA)
 Shelly Pierson (Corp)
 Lillie Pittman (ISC)
 David Rae (ENW)
 Dixie Riddle (ETS Tax)
 Salvador Dominguez (Corp)
 Mark Schrab (ENW)
 Stephanie Sever (ENW)
 Danielle Shafer (ISC)
 Shifali Sharma (ENW)
 Keith Simper (ENA)
 Christopher Spears (ENW)
 Caron Stark (ISC)
 Tara Sweitzer (ENW)
 David Vandor (ENA)
 Mary Womack (ISC)
 David Yang (International Tax)
 Sabrae Zajac (ENW)

To Specialist
 Kim Chick (EES Tax)
 Justin East (EEL)
 Joey Esperance (International Tax)
 Randi Howard (ISC)
 Melanie Hutchinson (EWS Tax)
 Mary Joseph (Corp Tax)
 Sherri Kathol (International Tax)
 Lex Lacaze (International Tax)
 Michelle LeBlanc (Corp Tax)
 Ling Li (EWS Tax)
 Kori Loibl (ENW)
 Alan Marsh (Corp Tax)
 Bruce Mills (ENW)
 Erika Moore (EEL)
 Matthew Motsinger (ENW)
 Sherry Meyers (ISC)
 Andrea Price (Corp Tax)
 Bernice Rodriguez (ENW)
 Tina Salinas (EES Tax)
 Brent Vasconcellos (Corp Tax)
 Brandi Wachtendorf (ENW)
 Patryk Wlodarski      (ENW London)

To Entry Specialist
 Stuart Sheldrick (EEL)

To Accountant I
 Becky Klussman (Corp)

To Accountant II
 Silvia Shelby (Accounts Payable)

To Staff
 Mary Behn (EES)
 Guy Freshwater (ENW London)
 Geralynn Gosnell (ENW)
 Richard Miley (ENW)
 Brent Storey (ENW London)
 Stuart Thom (ENW London)
 Judith Walters (ENW)
 Jonathan White (ENW London)
 Joan Winfrey (ENW)

To Senior Tax Analyst
 Emily Allwardt (International Tax)
 Leon Branom (EBS Tax)
 Shanna Husser (EES Tax)
 Shilpa Mane (Corporate/London Tax)
 Todd Richards (Corp Tax)
 Michelle Thompson (Corp Tax)

To Sr. Administrative Assistant
 Norma Chavez (International Tax)
 Sarah Knott (ENW London)

To Sr. Travel Administrator
 Cheryl Slone (GSS )

To Administrative Coordinator
 Heather Choate (ENW)
 Kayla Heitmeyer (GSS)

To Senior Clerk
 Angela Barnett (ENW)
 Matthew Davies (ENW London)
 Daniela De Lisi (ENW London)
 Rufino Dorteo (ENA)
 Mark Pilkington (ENW London)
 Narjinder Sandhu (EEL)
 Howard Sweasey (EEL)
 Laura Vargas (ENW)
 Jo Ann Woods (Corp Tax)

To Intermediate Clerk
 Maria Maldonado (Accounts Payable)
 Araceli Mondragon (Accounts Payable)
 Irma Rodriguez (Accounts Payable)
 Bernita Sowell (Accounts Payable)


Lets try to get together this week if possible.  Kyle wants to go as well.
Let me know.

DG


Good Morning,

Here are this week's stats:

AGA Last Year       +108
5 yr AVG                       +84
Lifetime High            +108 2001
Lifetime Low                        +72         1998
Gas in STGE EIA                 2096
5yr AVG             1657
+/- to 2001              +487
+/- to 5yr AVG           +439
Please have your estimates in by 2:00 (1:00 CST) Wednesday.  Thank you.

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Ce message et toutes les pieces jointes (ci-apres le
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Can you print out a copy of the legal risk memo E. Sager did?


Rod:  London legal should coordinate with you.  Sara

 -----Original Message-----
From: 	Rohauer, Tanya
Sent:	Friday, November 02, 2001 5:40 PM
To:	Shackleton, Sara
Cc:	Williams, Jason R (Credit)
Subject:	RE: Deutsche Bank AG ("DB") request for ISDA Master Agreement with ECTRIC

rod's the man....don't think we need a master unless they ask for it

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Friday, November 02, 2001 3:58 PM
To:	Boyd, Justin; Simons, Paul; Cooper, Edmund; Dawson, Matthew; Williams, Jason R (Credit)
Cc:	Rohauer, Tanya; Cook, Mary; St. Clair, Carol
Subject:	Deutsche Bank AG ("DB") request for ISDA Master Agreement with ECTRIC

Steve Kessler (212-469-8202) with DB legal has called to request an ISDA Master Agreement with ECTRIC.  Who is the appropriate legal contact in London to initiate this process?

DB has an ISDA with ENA.  Steve told me that DB also has an ISDA with Enron Credit Limited.  Is a master netting arrangement appropriate here?

London:  Please let me know on Monday which lawyer will handle this ISDA request.

Jay:  Please let legal know if this arrangement requires a master netting agreement.

Thanks.   Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Do we have a summary of this decision? What was really decided?   What is the
effect of this decision on the recovery of the negative CTC's and the other
major issues we are dealing with?

Susan J Mara@ENRON
01/08/2001 05:22 PM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Donna
Fulton/Corp/Enron@ENRON, Dorothy Youngblood/HOU/ECT@ECT, Douglas
Huth/HOU/EES@EES, Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES,
Gayle W Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon
Savage/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Harry
Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, James D
Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James Wright/Western
Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES, Jeremy
Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON,
Karen Denne/Corp/Enron@ENRON, Kathy Bass/HOU/EES@EES, Kathy
Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES,
Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Mark S
Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike D Smith/HOU/EES@EES,
Mike M Smith/HOU/EES@EES, mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil
Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard
L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Tanya Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted
Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT,
Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Vladimir
Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S Bradford/HOU/ECT@ECT,
Mike D Smith/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, mjackso7@enron.com,
psmith3@enron.com, Frank W Vickers/NA/Enron@Enron, Ren, Lazure/Western
Region/The Bentley Company@Exchange, Jubran Whalan/HOU/EES@EES, Richard B
Sanders/HOU/ECT@ECT, gfergus@brobeck.com, rcarroll@bracepatt.com, Kathryn
Corbally/Corp/Enron@ENRON, dwatkiss@bracepatt.com
cc:
Subject: FW: SCE news release -- Judge finds for SCE in Court

----- Forwarded by Susan J Mara/NA/Enron on 01/08/2001 03:18 PM -----

	"Katie Kaplan" <kaplan@iepa.com>
	01/08/2001 03:08 PM
	Please respond to kaplan

		 To: "Wayne Kawamoto" <wkawamoto@wm.com>, "Ward Scobee"
<wscobee@caithnessenergy.com>, "Tony Wetzel" <twetzel@thermoecotek.com>,
"Thomas Heller" <hellertj@apci.com>, "Steve Ponder" <steve_ponder@fpl.com>,
"Steve Iliff" <siliff@riobravo-gm.com>, "Ross Ain" <ain@worldnet.att.net>,
"Robert Frees" <freesrj@apci.com>, "Pete Levitt" <Pete@calwind.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Paul Wood"
<paul_wood@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Milt
Schultz" <bfpjv@c-zone.net>, "Marty McFadden"
<marty_mcfadden@ogden-energy.com>, "Ken Salvagno" <kbssac@aol.com>, "Ken
Hoffman" <khoffman@caithnessenergy.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "Joe Ronan" <joer@calpine.com>, "Joe Greco"
<joe.greco@uaecorp.com>, "Jack Pigott" <jackp@calpine.com>, "Hap Boyd"
<hap.boyd@enron.com>, "Frank Misseldine" <fmisseldine@caithnessenergy.com>,
"Ed Tomeo" <ed.tomeo@uaecorp.com>, "Ed Maddox"
<emaddox@seawestwindpower.com>, "Duane Nelsen" <dnelsen@gwfpower.com>, "Doug
Levitt" <SDL@calwind.com>, "Doug Fernley" <fernley.doug@epenergy.com>, "Dean
Gosselin" <dean_gosselin@fpl.com>, "Bob Escalante"
<rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>, "Bill
Woods" <billw@calpine.com>, "Bill Carlson" <wcarlson@wm.com>, "Bill Adams"
<sangorgon@aol.com>, "Alex Sugaoka" <Alex.sugaoka@uaecorp.com>, "Lucian Fox"
<lucian_fox@ogden-energy.com>, "Rich Dyer" <Rich_dyer@ogden-energy.com>, "Ted
Cortopassi" <TCortopassi@ogden-energy.com>, "William Hall"
<wfhall2@duke-energy.com>, "Sue Mara" <smara@ect.enron.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Rob Lamkin" <rllamkin@seiworldwide.com>, "Kent
Palmerton" <kent.palmerton@williams.com>, "Jeff Dasovich"
<jdasovic@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Eric Eisenman"
<eric.eisenman@neg.pge.com>, "Curt Hatton" <curt.hatton@gen.pge.com>, "Cody
Carter" <cody.carter@williams.com>, "Carolyn Baker"
<cabaker@duke-energy.com>, "Mark Smith" <Mark.J.Smith@fpl.com>, "Curtis
Kebler" <curtis_l_kebler@reliantenergy.com>, "Dave Parquet"
<dparque@ect.enron.com>, "Eileen Koch" <eileenk@calpine.com>, "Frank DeRosa"
<frank.derosa@gen.pge.com>, "Jim Willey" <elliottsa@earthlink.net>, "Kate
Castillo" <ccastillo@riobravo-gm.com>, "Kent Fickett" <kfickett@usgen.com>,
"Lynn Lednicky" <lale@dynegy.com>, "Randy Hickok" <rjhickok@duke-energy.com>,
"Scott Noll" <snoll@thermoecotek.com>, "Susan J Mara"
<Susan_J_Mara@enron.com>, "Tom Ross" <tross@mcnallytemple.com>, "Sue Mara"
<smara@enron.com>, "Stephanie-Newell" <stephanie-newell@reliantenergy.com>,
"Richard Hyde" <rwhyde@duke-energy.com>, "Paula Hall-Collins"
<paula.hall-collins@williams.com>, "Norton Kelli"
<knorton@mcnallytemple.com>, "McNally Ray" <rmcnally@mcnallytemple.com>,
"Marty Wilson" <mwilson@pstrategies.com>, "Kristin Vellandi"
<kvellandi@pstrategies.com>, "Katie Kaplan" <kaplan@iepa.com>, "Kassandra
Gough" <kgough@calpine.com>, "Karen Edson" <kedson@ns.net>, "Julee
Malinowski-Ball" <jmball@ns.net>, "John Stout"
<John_H_Stout@reliantenergy.com>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan Smutny-Jones"
<smutny@iepa.com>, "Bob Weisenmiller" <rbw@mrwassoc.com>, "B Brown Andy"
<andybrwn@earthlink.net>, "Andy Brown" <ABB@eslawfirm.com>, "Douglas Kerner"
<DKK@eslawfirm.com>, "John Larrea" <john.g.larrea@williams.com>
		 cc: "Carol H Hudson" <Chudson@iepa.com>, "Steven Kelly" <steven@iepa.com>
		 Subject: FW: SCE news release

We will forward the ruling when we get it.

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

Contact: Corporate Communications,
                  626-302-2255
                  World Wide Web Address: http://www.edison.com

                    Southern California Edison Applauds Court
                       Findings in Lawsuit Against CPUC

                  Southern California Edison Company (SCE) today
                    released the following statement in response to
                    today's expedited decision by the U.S. District
                    Court upholding the utility's right to recover the
                     costs of purchasing power for its customers.

                  ROSEMEAD, Calif., Jan. 8, 2001--SCE applauded
                  today's decision by U.S. District Court Judge
                  Ronald S.W. Lew upholding the central claim of our
                  lawsuit against the California Public Utilities
                  Commission (CPUC)--our right to recover the
                  reasonable costs of purchasing power for our
                  customers. This ruling is an important step toward
                  rebuilding the financial stability of California's
                  electric power system.

                  The court found that a trial is needed on the
                  question of whether SCE's purchases were prudent.
                  We believe we will prevail on that issue too because
                  the CPUC has repeatedly held that purchases
                  made through California's Power Exchange and
                  Independent System Operator are, by definition,
                  reasonable. We will work with the CPUC to
                  implement a schedule for the reasonable recovery
                  of our costs.

                  We filed the lawsuit on Nov. 15 asking the federal
                  court to overturn rulings by the CPUC that illegally
                  prevent it from the reasonable recovery of operating
                  costs for purchasing power it has been forced to
                  incur on behalf of our customers. We believe that
                  the five members of the commission violated
                  federal law when, after requiring us to procure
                  wholesale power for its customers from the state's
                  newly deregulated wholesale market, and to sell it
                  without markup, the commission blocked us from
                  recovering the full cost of doing so.

                  Our lawsuit was made necessary by the
                  commission's refusal over the past eight months to
                  heed warnings that its policies breach federal law
                  and unfairly place the company and our customers
                  in jeopardy.

                  In the lawsuit, we noted that we incurred
                  "undercollections" (the difference between
                  out-of-control wholesale power costs and frozen
                  retail rates) approaching $5 billion that have
                  seriously weakened our financial integrity and
                  service reliability.

                  This suit is one of many steps we are taking to
                  attempt to remedy serious market problems that
                  threaten the ability of the state's major utilities to

                  continue serving their customers. We are pursuing
                  every possible means of protecting our customers
                  and shareholders from California's dysfunctional
                  electricity market.

                                   ###

                  An Edison International company, Southern
                  California Edison is one of the nation's largest
                  electric utilities, serving a population of more than
                  11 million via 4.3 million customer accounts in a
                  50,000-square-mile service area within central,
                  coastal and Southern California.

--


REMINDER

We have plenty of seats for Lexis CertiFinder Training tomorrow.  Please stop
by to check out this new service if you are interested.

Thanks,
Sylvia Hu
Corporate and Law Information Services

----- Forwarded by Sylvia Hu/Corp/Enron on 11/09/2000 05:08 PM -----

	Sylvia Hu
	11/03/2000 11:46 AM

		 To: Elaine Overturf/Corp/Enron@ENRON, Vickie Nicholson/Corp/Enron@ENRON,
Tanya Sanford/NA/Enron@Enron, Georgene Moore/Corp/Enron@ENRON
		 cc:
		 Subject: Lexis CertiFinder Training EB47C2 at 10:30 AM - 11:30 AM on Friday,
11/10/2000

Dear Legal Folks:

Lexis CertiFinder is a new service that expands out of it's Public Records to
include driver's license, vehicle registration, and criminal records on
people.  Many of you came to the September presentation and have business
needs for the access.   We now have a Lexis CertiFinder flat rate contract in
place.  It is $42 per ID per month.   Please attend Lexis CertiFINDER
training in EB47C2 at 10:30 AM - 11:30 AM on Friday, 11/10/2000  or read
through the attached CertiFinder User's Guide.  If you plan to attend the
training, please RSVP to Sylvia x36775 by COB, Thursday, 11/9.  If you do
need the access, let me know and I'll request an ID for you.

Thanks,
Sylvia Hu
Corporate and Law Information Services

Lexis-Nexis CertiFINDER Contents:

Each year, fraud costs companies billions of dollars. Now that you have the
LEXIS
c
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c
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people who
provide misleading or inaccurate information. In fact, with this low-cost,
easy-to-use solution,
you can conduct research that will help you identify and manage corporate
risk faster and
more efficiently.
In less than 30 seconds, CertiFINDER navigates through millions of public
record documents
and relevant news articles to deliver a clearly organized, timely report
right to your desktop.*
CertiFINDER simplifies your research by enabling you to enter minimal
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headers) to retrieve
focused results on the person in question.
As a result, the CertiFINDER service is an ideal tool for:
 Verifying identities
 Uncovering aliases
 Establishing relationships between people and businesses or other
individuals
 Finding current or previous addresses, in addition to confirming reported
address dates
 Identifying financial distress via bankruptcies, judgments, and liens
 Disclosing real and personal property ownership
CertiFINDER reports help you identify issues that suggest potential risk and
when paired
with the LEXIS
c
-NEXIS
c
services, enable you to conduct more in-depth research within
other pertinent sources, such as company reports, financial filings, caselaw,
industry regula-tions,
import/export records, etc. By reviewing this additional information, you can
gain even
greater insight into risk variables.
To learn how simple it is to generate timely, targeted reports on an
individual using the
CertiFINDER service, consult the following pages.
* CertiFINDER reports run in 28 seconds on average vs. an average of two
minutes for DBT and one minute for ChoicePoint.
Based on internal studies conducted 4/3/00.
Distribution of displayed Social Security numbers retrieved from non-public
information is limited to a select group of pre-qualified
subscribers who go through a strict approval process and must be involved in
law enforcement, federal investigation, or fortune
500/insurance companies with an investigative unit or department dedicated to
fraud investigation. SSNs retrieved from public record
databases such as bankruptcy filings and death records will display to all
LEXIS-NEXIS subscribers.


Surprise, surprise, we are rolling out another new product type next week.
As documented below, this will be a financial power option.  Should we copy
the customer profile for the existing east power financial swap or does this
require special handling???  Please let me know as soon as you can.

Thanks for your help!!!

Frank
---------------------- Forwarded by Frank L Davis/HOU/ECT on 07/13/2000 07:34
AM ---------------------------
Dale Neuner   07/12/2000 03:34 PM

To: Scott Mills/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Rudi
Zipter/HOU/ECT@ECT, Matthew Adams/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT,
Kim S Theriot/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT, Stacey W
White/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Robert B
Cass/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
Subject: Revised Product Description for EOL

This is a follow-up to my e-mail sent yesterday; we are pushing on with this
new Product Type.

Matt - I need a Sigma Factor.

Deal Type: US East Power Financial Option (Call)
Currency: USD
Country: US
Commodity: East Power
Default U of M: MWh

Please see the attached, and here's how these work:

The easy part is that it's a Call Option. Initially, we will only be offering
this products as the Seller, meaning the Counterparty will pay the premium
and ENA pays the Cash Settlement Amount. The option is 'automatically
exercised' at any time the capacity of certain named nuclear power plants
goes below 25% (which induces the 'Knock-in Period'). When this happens the
Cash Settlement Amount will be the total of Notional Quantity X (Hourly PJM
Floating Price - Strike Price (100 MWh) for each hour during the Knock-in
Period, and in no event will be greater than USD 4MM. Knock-in Periods may
commence upon the later of (i) the Effective Date or (ii) the first day a
Knock-in Event occurs, and will end upon the earlier of (i) 160 Peak hours
after the commencement of the Event, (ii) the conclusion of the Event, or
(iiI) the Termination Date; so - you can have multiple Events during the term
of the transaction, but there will only be one Cash Settlement Amount
pay-out, which will be 30 days after the last date in the term of the
transaction.

Per Legal, these transactions will be subject to the GTC and should never be
subject to any existing Master Agreement.

Dale
3-9746

---------------------- Forwarded by Dale Neuner/HOU/ECT on 07/12/2000 12:31
PM ---------------------------

Leslie Hansen
07/11/2000 05:50 PM
To: Dale Neuner/HOU/ECT@ECT, Gaurav Babbar/HOU/ECT@ECT, Bill
Windle/Corp/Enron@Enron, Carol St Clair/HOU/ECT@ECT
cc:
Subject: Revised Product Description for EOL

Attached please find the revised product description, which reflects my
discussions with Dale Neuner.  I have attached both a clean copy and a
red-lined version against the last draft.

Leslie


Sean,

There are restrictions on ECT-WR-B pledging its interest in Lost Creek LLC.

ECT-WR-B is a limited purpose company and cannot act except as provided in the
purposes section of its LLC Agreement (Section 2.04). This section does not
permit it to pledge any of its assets.

An identical provision was contained in the LLC Agreement of ECT-PR-B in the
Powder River deal.  We amended the ECT-PR-B LLC Agreement in December 1999 to
permit a pledge to BankBoston pursuant to the project documents. Enron
determined not to amend the ECT-WR-B LLC Agreement in the same way because it
was anticipated that a pledge would not be required until after the B Interest
financing had been paid off.

If a pledge of the assets of ECR-WR-B is now required, we will need to amend
its LLC Agreement, which will require the consent of the Class B Member.
Before June 30, 2000 this is the Wind River trust, and consequently the
consent of the noteholders and certificateholders will be required. After June
30, 2000 (as I understand it) the Class B Member will be the Condor trust
vehicle.

Please give me a call if you want to discuss this.

Danny

>===== Original Message From "Sean Bunk" <BUNKS@andrews-kurth.com> =====
>Attached please find a draft of the closing checklist for the Lost Creek
conversion from construction loan to term loan.
>
>Please feel free to call me at (713) 220-4427 if you have any questions or if
I may be of assistance.
>
>Danny and David:
>
>Are there any restrictions on the ability of ECT-WR to pledge its member
interest in Lost Creek LLC?
>
>Sean

Daniel Sullivan
Andrews & Kurth L.L.P.
Level 16, City Tower
40 Basinghall Street
London EC2V 5DE
Tel: +44 20 7382 0550
Fax: +44 20 7614 0012


Since receiving your e:mail message last Monday on your needs in power, I
have spent three (!!!) full days in PRC meetings since then.  I have shared
your needs with both Todd Hall and Kristin Albrecht (my power business
controller here in Houston) and have gotten their thoughts on how we could be
of help.  Sorry that I keep missing your calls.  I will be meeting with
Fernley, but I will also try to reach you by phone tomorrow.


Generator Operators,

	If you received this email then you should have been given access to the new generators directory.  At your earliest convienence please verify that you have the correct Read/Write access to the directory listed below by creating and deleting a file inside of it.  At the present time we are still working with people in the IRM (Information Risk Management) group who have made this request a very high priority; as soon as this verification process is complete we can release them from this task and begin working on transitioning all of the generators' code to function in their new home....(the sooner the better).  Please respond to this email, or contact me by phone the moment you have verified your access.

	If you receive an 'Access Denied' error message then verify that you are mapped to the R: drive using your Corp account and try again before responding to this email.  A link to a test file in the new directory is below, you may save time by selecting the link to access the folder.

\\eeshou-fs2\retail$\RISK_MGT\CurvesPM\WholesaleEnergy\Generators\AccessTest.txt

James Sweet
x51701
pge8774734541

(jes)


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/22/2000
01:46 PM ---------------------------

	From:  Colleen Sullivan                           03/22/2000 08:42 AM

To: Hunter S Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT
cc: Bhavna Pandya/HOU/ECT@ECT
Subject: Meeting-THURSDAY, MARCH 23 - 11:15 AM

Please plan on attending a meeting on Thursday, March 23 at 11:15 am in Room
3127.  This meeting will be brief.  I would like to take the time to
introduce Bhavna Pandya, and get some input from you on various projects she
will be assisting us with.  Thank you.


Start Date: 1/10/02; HourAhead hour: 6;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011006.txt


I don't know if you'll be able to read these files.
 - roofingbid.gif
 - roofingbid2.gif


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

-----Original Message-----
From: Long, Chris <Chris.Long@ENRON.com>
To: Kean, Steven J. <steve.kean@enron.com>; Shapiro, Richard <Richard.Shapiro@ENRON.com>; Robertson, Linda <Linda.Robertson@ENRON.com>; Coats, Edward <Edward.Coats@ENRON.com>; Shortridge, Pat <Pat.Shortridge@ENRON.com>; Shelk, John <John.Shelk@ENRON.com>; Burns, Stephen <Stephen.Burns@ENRON.com>; Hamilton, Allison <Allison.Hamilton@ENRON.com>; Cooney, Carolyn <Carolyn.Cooney@ENRON.com>
CC: Decker, Larry <Larry.Decker@ENRON.com>; Nersesian, Carin <Carin.Nersesian@ENRON.com>
Sent: Fri Oct 12 17:19:09 2001
Subject: AMT Repeal Passes the House Ways and Means Committee

Today, the House Ways and Means passed it version of the economic package.  The package included a repeal of the corporate AMT retroactive until 2000 and refundable AMT credits.  The stimulus package is expected to be on the House floor later next week.  This is a positive development because it puts us in the very best negotiating position as the focus moves to the Senate where there is less unanimity on repealing the corporate AMT.  Please see the memo below for more info.

Also, the House Ways and Means Committee passed a 2-year extension of the Wind Production Tax Credit.

Have a nice weekend.


Can you get the new attorney in our group, Jason Peters access to both the
Financial Trading Database and the Online Trading Database.  Please let us
know when he has access.  Thanks.


(See attached file: ng052802.pdf)

This message and any attachments (the "message") is
intended solely for the addressees and is confidential.
If you receive this message in error, please delete it and
immediately notify the sender. Any use not in accord with
its purpose, any dissemination or disclosure, either whole
or partial, is prohibited except formal approval. The internet
can not guarantee the integrity of this message.
BNP PARIBAS (and its subsidiaries) shall (will) not
therefore be liable for the message if modified.

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

Ce message et toutes les pieces jointes (ci-apres le
"message") sont etablis a l'intention exclusive de ses
destinataires et sont confidentiels. Si vous recevez ce
message par erreur, merci de le detruire et d'en avertir
immediatement l'expediteur. Toute utilisation de ce
message non conforme a sa destination, toute diffusion
ou toute publication, totale ou partielle, est interdite, sauf
autorisation expresse. L'internet ne permettant pas
d'assurer l'integrite de ce message, BNP PARIBAS (et ses
filiales) decline(nt) toute responsabilite au titre de ce
message, dans l'hypothese ou il aurait ete modifie.


What goin' on?  It's all quiet down here.  In fact, even Jeff is just hanging
out.  He sat by me and made fun of Lake Charles for half an hour or so.  So I
don't feel so bad about not accomplishing a whole lot today.

Hope you're having a good day.
Robin


need your mailing address to send golf balls - I received your paypal payment.
PL

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Tuesday, January 22, 2002 8:49 AM
To:	'tuanmurray@hotmail.com'
Subject:	Enron Golf Balls auction on EBay

Congratulations on winning the auction on Ebay for the sleeve of Pinnacle Golf Balls.  Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check.  The total is $15.50.  I will mail the balls priority mail as soon as I receive payment.  Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work.  Thanks again and look forward to hearing from you soon.
PL


Enron Principal Investments (EPI), which was formed in the 2nd quarter, has completed its integration and the development of its new strategy.  This group will be responsible for identifying, closing, managing and exiting all non-E&P equity investments for Enron worldwide.  Kevin Garland will lead EPI, which includes Barbara Paige, Andrew Marsden, Kevin Kuykendall, Steven Sheldon, Michele Nezi Marvin and Mark Gandy.  Additionally, Dick Lydecker and the Special Asset Group will continue to report to Kevin.

EPI will pursue investments related to Enron's core businesses, where Enron has a unique insight into the market, company or technology.  Initially, this will be geographically focused in North America and Europe.  This group will rely heavily on the support and cooperation of the core business units to provide information and market insight.

EPI may make investments in the form of venture capital, leverage buyouts, growth equity, or private equity in public companies.  The group will not make investments in seed stage companies, other funds, subsidiaries of larger corporations, or project equity.

Please join me in supporting the efforts of Enron Principal Investments.


As you know, an anonymous party filed a FOIA request with FERC on March 1,
2001 seeking the certain appendices that the CAISO filed with FERC on a
confidential basis on March 1, 2001.  Those filings contain aggregate bidd
data for December and January.

Last Friday, I filed the attached letter with FERC indicating that we would
oppose releasing the materials until we are able to learn more about what is
contained in the ISO appendices.  (I have attached a copy of our letter for
those who have not received it.)

Today, I received a call today from FERC's FOIA Officer informing me that
SoCal Edison has formally requested FERC to provide it with copies of all
letters and other responses related to the FOIA request.  I guess we now know
who made the request (big surprise).

 - 0142666.01


I entered ($4.9951) x 12dt which should give them a credit on the invoice.  I
also entered a demand of $93835.00.  These items should show up seperate on
the invoice.


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Meditation Primer

Studies show that practicing mindfulness meditation may
significantly reduce stress, anxiety, and depression.

One way to practice mindfulness meditation is to merely
sit quietly for 10 to 20 minutes while concentrating on a
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begins to wander, note the new thought or sensation and
then gently bring your concentration back to your original
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RealAge Benefit: Taking care of your emotional health and
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Here's the memo I mentioned.  Obviously, we have already used up all the good
ideas and are down to the fall back plans.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/27/2000
05:58 PM ---------------------------

	From:  Drew Fossum                           06/27/2000 02:24 PM

To: Steven Harris/ET&S/Enron@Enron, Jeffery Fawcett/ET&S/Enron@ENRON, Louis
Soldano/ET&S/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON
cc: Maria Pavlou/ET&S/Enron@ENRON, SStojic@gbmdc.com, Mary Kay
Miller/ET&S/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON

Subject: Topock

PRIVILEGED AND CONFIDENTIAL: ATTORNEY CLIENT PRIVILEGE

Here's an idea:  PG&E's world has changed a bit since they executed the '97
interconnect agreement.  Back then, I think the majority of Line 300 capacity
was held by PG&E for the benefit of the core customers.  Some of the capacity
was held by contract transport customers, but not that much.  (maybe
100,000-200,000 dth out of 1.14 bcf/d??)   Now, I understand that PG&E still
retains some line 300 capacity for the core, but a lot more of it is
allocated out to contract transport customers.  Do you guys know how much was
in each of those buckets then and now?  My theory is as follows:

1.  As to the capacity that it retains in its own name for the benefit of its
core customers, PG&E has absolute discretion as to how to use the capacity.
They can nominate and schedule volumes at TW/Topock some days and nom. and
schedule zero on others.  They can be totally arbitrary and not schedule
anything for extended periods even though they are paying demand charges on
TW and may incur costs on their gas purchase contracts in the San Juan or
elsewhere (eventually this would get the CPUC's attention, I guess).  Even if
there were no interconnect agreement or operating agreement with TW on the
pcb issue, there is just not much we can do to control how PG&E dispatches
gas supply.

2.  PG&E's transport contracts with third parties are a different story.
Those parties, not PG&E,  decide how much to nom. every day.  If PG&E is
going to refuse to schedule a valid nom. from a transport customer, PG&E has
to declare force majeure on its system or declare a capacity
constraint-related curtailment.  PG&E has some discretion as a prudent
operatory of its system, but not nearly as much discretion as it does as to
its own portfolio.

3.  If 1 and 2 are correct, then the question arises:  Does PG&E have to
declare force  majeure on its own system in order to shut us down at Topock?
If the amount of capacity they have in bucket no. 1 above exceeds 300
million/d, they may be able to shut us down and continue to honor all of
their transport contracts.  But what if PG&E's transport customers continue
to nominate TW/Topock even though PG&E is making alternative receipt point
capacity available for them at El Paso Topock or somewhere else?  If TW
stands by ready to confirm those customers' noms, then I think we can force
PG&E to declare force majeure on its own system.

4.  I'm not sure no. 3 above makes any difference for us.  At minimum, it
focuses the attention on PG&E and not us.  Remember Erin Brockovich?  They
will hate that.  I'm sure their spin doctors will point the finger at us, but
once they declare force majeure, the PR damage is done.  Also, and more
importantly, the standards applying to PG&E's declaration of force majeure
are much more stringent than the standards under the operating agreement.
We will probably have a much stronger position in litigation if the issue is
"did PG&E have adequate basis for declaring force majeure" than if the issue
is "did TW violate the 1 ppm standard under the operating agreement."

Please let me know what we know about the capacity situation on Line 300 and
give me any reactions to this idea.  Thanks. DF


Please consider the attached e-mail from your perspective as we consider the
feasibility of forming a Canadian subsidiary of DealBench L.L.C., a Delaware
limited liability company wholly-owned by Enron Net Works, LLC.  DealBench
conducts an e-commerce business facilitating the conduct of transactions on
the Internet through licensing arrangements.  Brenda Funk had suggested you
as a starting point from the tax perspective which usually is the primary
driver of these types of issues.  Let us know if we can provide additional
information.  Thanks for your help.

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

----- Forwarded by Nora Dobin/Corp/Enron on 02/13/01 09:21 AM -----

	Nora Dobin
	01/29/01 10:59 AM

		 To: Brenda L Funk/HOU/ECT@ECT
		 cc: Ross Mesquita/NA/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, rbaird@velaw.com
		 Subject: Re: DealBench Canada

Brenda, could you please investigate formation of a DealBench subsidiary
formed under Canadian (Ontario) law?  Initial issues include limited
liability status (form of entity), control (any necessity for Canadian
ownership or representation in management?), repatriation, tax, timing, and
cost of formation and maintenance.  At this point, we only are ascertaining
feasibility.  Depending upon whether this seems practical, we should at some
point involve appropriate ENA tax and accounting teams.  Let me know results
of initial investigation and we can determine next steps.  If we need outside
counsel input on Canadian issues, start with Bob Baird for direction.

Thanks, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com
----- Forwarded by Nora Dobin/Corp/Enron on 01/29/01 10:18 AM -----

	Ross Mesquita
	01/29/01 10:14 AM

		 To: Nora Dobin/Corp/Enron@ENRON
		 cc:
		 Subject: Re: DealBench Canada

You got it -- Ontario it is.

Nora Dobin
01/29/2001 10:08 AM
To: Ross Mesquita/NA/Enron@ENRON
cc:

Subject: Re: DealBench Canada

Is subject province Ontario?

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

	Ross Mesquita
	01/29/01 09:55 AM

		 To: Nora Dobin/Corp/Enron@ENRON
		 cc:
		 Subject: Re: DealBench Canada

Yes -- the sub would have to set up to give the appearance that DealBench
deals conducted for Canada are conducted by a Canadian company.

Thanks,
Ross

Nora Dobin
01/29/2001 09:51 AM
To: Ross Mesquita/NA/Enron@ENRON
cc:

Subject: Re: DealBench Canada

Would the sub be formed under Canadian law?  Seems it would need to be to
achieve goal.  Let me know and I'll investigate.

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

	Ross Mesquita
	01/28/01 04:20 PM

		 To: Nora Dobin/Corp/Enron@ENRON
		 cc:
		 Subject: DealBench Canada

Nora,

We may have an opportunity to do several auctions for the Ontario Electricity
Finance Corp through a contact I have at Enron Canada (Aleck Dadson).  Aleck
mentioned that we might have a better chance to close the deal if DealBench
could be presented as a Canadian product.

How difficult, costly and time intensive would it be to create a sub called
DealBench Canada (or DealBench Maple Leaf or whatever)?  Just wanted to get
your thoughts on whether this is even a possibility.

Regards,
Ross


David,

I guess I think that it is not worth the fight these days.  I suppose would approve this training, but I think we need to have an understanding w/ Ogletree about travel time, travel expenses, billing rates, etc.  They need to understand who holds the purse strings, and I do not think it would be appropriate for them to bill their full hourly rate for time spent on travel given that we could find someone local to do the same training -- or could send me or Lizzette to do it for the cost of travel only.    For your information, David, there is nothing magic about the training they are doing.  It is standard training that I used to deliver frequently when I was in private practice.  Ogletree does not have a monopoly on it.

I'll try to call you early this week, now that the other work I have been focusing on may slow down a bit.

Michelle

 -----Original Message-----
From: 	David.Lund@nepco.com@ENRON
Sent:	Tuesday, November 06, 2001 7:35 PM
To:	Cash, Michelle
Subject:	FW: Harassment Training

Michelle, Here's the training the NEPCO HR group has on their schedule.  I
think the outcome of your meeting with Indivero and Schwartzenburg is that
Mike would forward through me all requests involving the retention of
outside counsel including the expected training needs from outside counsel.
Let me know if you have any comments or suggestions.  Thanks.

David H. Lund, Jr.
Assistant General Counsel
National Energy Production Corporation
11831 North Creek Parkway N.
Bothell, WA 98011
425-415-3138
Fax: 425-415-3032
David.Lund@nepco.com or davidlu@nepco.com

-----Original Message-----
From:	B-Gloria Rivas
Sent:	Tuesday, November 06, 2001 1:26 PM
To:	B-David Lund
Cc:	B-Mike Indivero
Subject:	Harassment Training

David,  we have schedule Ogletree, Deakins and Nash to conduct Harassment
and Union Avoidance training at our El Dorado, AK job site on December 4th
and 5th.  We will be scheduling the training at our Lakeworth job site after
the first of the year. If you have any questions, please contact me at
x3136.

Glo


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2001 05:17 PM ---------------------------
From:	Jennifer Burns/ENRON@enronXgate on 05/02/2001 04:05 PM
To:	Wes Colwell/ENRON@enronXgate, Scott Tholan/ENRON@enronXgate, Stephen H Douglas/ENRON@enronXgate, Alan Aronowitz/HOU/ECT@ECT, Lisa Yoho/NA/Enron@Enron, Johnny Palmer/ENRON@enronXgate, Neil Davies/ENRON@enronXgate, Shanna Funkhouser/ENRON@enronXgate, Sarah Domonoske/ENRON@enronXgate, Shirley Tijerina/ENRON@enronXgate, Sharon Purswell/ENRON@enronXgate, John A Cote/ENRON@enronXgate, Kristin Walsh/ENRON@enronXgate, James L Bouillion/ENRON@enronXgate, Per Sekse/NY/ECT@ECT, Sally Beck/ENRON@enronXgate, Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Beth Perlman/ENRON@enronXgate, Cindy Skinner/ENRON@enronXgate, Scott Vonderheide/ENRON@enronXgate, Patti Thompson/ENRON@enronXgate, Cherylene Westbrook/ENRON@enronXgate, Shirley Crenshaw/HOU/ECT@ECT, David Oxley/ENRON@enronXgate, Julie Clyatt/ENRON@enronXgate, Mark E Haedicke/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT, Dave Hill/ENRON@enronXgate, Amy Gambill/ENRON@enronXgate, Khymberly Booth/ENRON@enronXgate, Timothy J Detmering/ENRON@enronXgate, Susan Fallon/ENRON@enronXgate, Rommel Aganon/ENRON@enronXgate, Brendan Fitzsimmons/ENRON@enronXgate, Kelly Holman/ENRON@enronXgate, Robert Johnston/ENRON@enronXgate, Kimberly Landry/ENRON@enronXgate, Clayton Seigle/HOU/ECT@ECT
cc:
Subject:	Enron Global Markets All Employee Meeting

~~~~~~~~~~~~~~~~~~

Enron Global Markets
All Employee Meeting

Monday, May 7, 2001

3:30 - 4:30 p.m.
Business Meeting

4:30 - 6:00 p.m.
Cocktails and Appetizers

Hyatt Regency Hotel - Houston
Imperial Ballroom

You don't want to miss this!

~~~~~~~~~~~~~~~~~~


sorry  i forgot to attach my draft memo to my earlier e-mail - duh hate when
i do  that!
?
here  it is again, but now revised to reflect your e-mail comments sent
around today  (accurately i hope)
?
look  forward to discussing with all at 7:30
-  cv
?
?
?

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont  Street
San Francisco, CA? 94105

phone: 415-783-5137
fax: 415-783-8760
e-mail:  cvavrek@deloitte.com
-----Original Message-----
From: Anil Sama  [mailto:asama@yahoo.com]
Sent: Wednesday, February 07, 2001 11:14  AM
To: Mark Guinney; Jeff.Dasovich@enron.com;  cvavrek@deloitte.com
Cc: chin@haas.berkeley.edu;  sama@haas.berkeley.edu
Subject: Re: Re[2]: HD Case: Proposed  Plan

All,

I was thinking along similar lines - HD should moderate growth in  the
coming year - only invest in opening 2-3 new stores in locations with  the
highest estimated ROI, or perhaps those that are?the most  complete
(since there is some construction in progress already) to reduce  any
incremental expense.?
Focus instead on improving operating  efficiencies which have been
steadily deteriorating to increase investor  confidence/stock price.
Then expand via another public offering at a later  date.?

Sarah had asked in class to look?into whether HD was  going to be
able to make payroll in the coming year. I tried to do this  assuming no
expansion (freeze all construction in progress). Using Mark's
spreadsheet and backing out the new store acquisition
costs, and  reducing inventories that would have been part of the
new stores, this  still leaves a cash need from financing
of $25.8 mil in order to meet  operational needs. So they?are going to
need to tap into credit lines  for at least this amount regardless.

I will be in class tonight. If you have a conf call, could we do it  at
7:30? If we do, please send across details before 5PM, or else
you  can just leave me a voice mail on my cell at 916 600 1245
and I'll retrieve  it during break...

-Anil

? Mark Guinney <Mark_Guinney@watsonwyatt.com>  wrote:
Jeff,  I assume you can coordinate a conference call from work. Call me at
home:
415-388-2548.

Excellent points and I was thinking along  similar lines. Questions I have:

How do you know that LT debt gives  more advantageous terms? We have no yield
curve info nor do we know their  credit rating.
At what point does their borrowing exceed their  covenents?
Is our strategy to not raise the required $66million or to  stop/slow PPE
spending so that the $66m is not  needed?

**********************************************
Mark  D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345  California Street, Ste. 1400
San Francisco, CA 94104
(415) 733-4487  ph.
(415) 733-4190 fax

____________________Reply  Separator____________________
Subject: Re: HD Case: Proposed  Plan
Author: Jeff.Dasovich@enron.com
Date: 02/07/2001 11:25  AM

Hi folks:

Since we have only one page, the write up for  number 4 will have to be very
brief. Before writing it, though, I wanted  to offer a few bullets
regarding what angle we might take, and let folks  respond, comment,
counter, etc. before writing it up. I'll clean and beef  up once we've
agreed to the approach we'd like to take to question #4.  Finally, I can
work from my office on this this evening, which means that  I can use the
conference call capability of my office phone to patch  everyone in if we'd
like to do a conference call. If that's what folks  would like to do, I'd
prefer to do the call at around 7 PM. Just let me  know.

Best,
Jeff

The question for #4 is:

Stock price  is down 23%, significant debt has already been tapped to
support massive  growth and covenants on that debt restrict taking on a lot
more  debt.

What should HD do w.r.t. current operations and future growth  strategy?
In the near term focus less on growth and more on getting  margins and
EBIT growth back in line with results from previous years.  (Management's
Letter to Shareholders alludes to this, but it's difficult  to determine
whether management is just paying lip service to the need to  capitalize on
the growth spurt and grown earnings, or continue on the  growth effort.)

With respect to funding future (more moderate  growth), the company
does have some room to increase long-term debt  (e.g., current ratio for
1986 = 2.26). It seems that HD would get better  terms and have increased
flexibility by issuing additional debt rather  than relying on lines of
credit. As such, HD ought to look those sources  of funding and fill in any
"funding gaps" with funds from the line of  credit.

Given the significant drop in stock price, HD is likely  better off in
the near term 1) moderating growth, 2) improving  performance to generate
cash internally, and 3) using long-term debt  issuance to provide the funds
needed. Once performance and stock price  improves, then HD should consider
a stock issuance.

How can  company improve operating performance?
Reduce selling, store operating  expenses and pre-opening expenses
Improve receivables turnover
Improve  inventory turnover
Improve per store/sales
Consider closing  poor-performing stores
All of which will improve margins

Should  company change its strategy? If so how?
Shift from meteoric growth to  moderate, targeted growth, and focus on
generating positive cash flow  from operations
Focus on improving performance at existing stores;  specifically focus on
controlling costs and asset turnover and  productivity
Consider another debt issuance rather than rely extensively  on credit
line in order to decrease cost of funds and increase  flexibilit

Do You Yahoo!?
Yahoo!  Auctions - Buy the things you want at great  prices.
 - home depot memo.doc


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This email was sent to: stanley_horton@eott.com
 - att1.htm


Hi!

         Sorry it has taken so long to respond but I took a few days of vacation.  Happy New Year to you too and I hope it is a better year for all of us.  Today they announced that UBS Warburg has purchased the trading company.  This is good news except we do not know any information about how the company will be structured so I still do not know if I will have a job.  This is stressful because it has been going on for so long.  I wish something would happen good or bad.  Originally I thought this would be a terrible thing to not have a job at Enron or in the energy sector but as time goes on I have come to think maybe it would just force us to do something else with our lives.  Something we have thought about for a long time. It is a tragedy that after 25 years of service we will get no severance.  I feel so sad for all those people who lost everything including a job.  Dick has been retained as a key employee for EES to help close down the business so his job will eventually end.  We have no time frame for him.  Hope everything is going well for you and your family.  Take care!

 -----Original Message-----
From: 	Jones, Dana
Sent:	Monday, January 07, 2002 12:36 PM
To:	Ring, Andrea
Subject:

Hi Andy,  Just wanted to tell you Happy New Year and that I hope you and Dick are doing ok with all that's been going on.  It's been a tough couple of months hasn't it?  Are you guys ok job wise?  I've been thinking about you.  Let's hope 2002 is a better year!!

Dana

Dana L. Jones
NNG Commercial Support
713-853-5787


Dave:
A couple of issues:

1.  We continue to have a number of transactions that fail because of credit
exposure.  These are companies that have excellent credit, such as Duke,
Dynegy, Equitable, Mieco, etc, but have a fixed credit line on EOL that they
blow through periodically.  They get a failed trade and it often takes 5-10
minutes to rectify the problem, at which time we've lost the trade.   We need
the major counterparties to have unlimited credit on EOL, just as they have
in normal trading.

2.  As a corrallary, I am under the impression that when a trade fails
because of credit, the counterparty does not get an explanatory error message
describing what happened and what to do.  When a credit failure happens, the
counterparty will often keep clicking on the same product, getting the same
error message


Ted,

We have the first running version of VaR model for the MG positions. Many
thanks to Tanya and Anjam for taking lead
in this effort. We had also great help from Cantekin and Kirstee. We want to
validate some  inputs
before releasing the number. Specifically, I want to make sure that both
London and Houston work
with the same position numbers every day to avoid confusion.

A few comments.

1. We plan to set up the models to run VaR concurrently in Houston
(Cantekin)  and London (Kirstee) with the same inputs.
The reason to do it this way is that we may have to respond quickly to
multiple inquiries in both locations. (Cantekin and Kirstee,
please stay in touch and synchronize the inputs ).

2. It is critical that we run the model daily and receive the updated
positions and prices on a regular basis.

3. We shall continue work in Houston to improve the model. Two critical areas:

 a. VaR model, by its nature, does not capture one big risk MG has in its
portfolios. This is the liquidity risk
       resulting from different cash consequences of the hedges and the
underlying positions.
 b.  We should go through due diligence to validate the process generating
the position numbers (i.e. look
                      into the details of specific transactions).  From what
I know, MG has a fairly rudimentary risk
       management system and I am not quite sure how they generate option
prices (and deltas). They get some
                      option prices by calling brokers.

4. I think the current VaR is within 80-85% of the true number (assuming the
inputs are right). But, as I have said,
     VaR does not capture all the risks that we have to worry about.

Vince


Why is the fact that I'm moving down there making you you lean towards
staying up here?

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Tuesday, November 07, 2000 12:09 PM
To: Katie.Trullinger@wfsg.com
Subject: RE: FW: What's up?

I don't know for sure if I am.  I am just in the "seriously thinking about
it" stages.  However the fact that you are moving down there is definetly
making me lean toward staying up here.  Tell your mom if you move and I
stay she can adopt me.


----- Forwarded by Tana Jones/HOU/ECT on 01/31/2001 01:12 PM -----

	exchangeinfo@nymex.com
	01/31/2001 12:03 PM

		 To: tana.jones@enron.com
		 cc:
		 Subject: (01-42)  Extension of Resolution Governing Price Fluctuation Limits
on NYMEX ACCESS

Notice No. 01-42
January 31, 2001

MEMORANDUM

TO:  ALL NYMEX AND COMEX MEMBERS

FROM:  Neal L. Wolkoff , Executive Vice President

DATE:  January 31, 2001

RE:  Six-Month Extension of Resolution Governing Price Fluctuation Limits
Applicable to Trading on NYMEX ACCESS

On December 12, 2000, the Exchange issued Notice to Members #421, which
consisted of a reminder to Members of an Exchange Resolution in effect that
concerned Exchange price fluctuation limit rules as those rules apply to
trading on NYMEX ACCESS(; That notice stated that the Resolution would
continue until February 1, 2001, unless Members were notified otherwise by
the Exchange.

The purpose of this Notice is to advise Members that the Exchange has
extended this Resolution, which is attached below, for another six months.
Thus, this Resolution will continue through August 1, 2001, unless Members
are notified otherwise by the Exchange.

If you have any questions, please contact Rick Taibi, Director, NYMEX ACCESS
Operations, NYMEX ACCESS Department, at (212) 299-2677; or Brian Regan,
Senior Associate General Counsel, at (212) 299-2207.

* * * *

APPROVED RESOLUTION OF THE EXECUTIVE COMMITTEEOF THE BOARD OF DIRECTORS
REGARDING PRICE FLUCTUATION LIMITS FOR EXCHANGE CONTRACTS

The Executive Committee of the Board of Directors hereby

Resolves that, until further notice, the price fluctuation limit rules for
each futures contract that is listed for trading on NYMEX ACCESS(r) and that
has such applicable rules shall continue in effect except as amended below
with regard to market activity occurring on NYMEX ACCESS(r):

The initial and subsequent price fluctuation limits (for each Exchange
futures contract that has such limits) shall be expanded to 200% of the
initial and subsequent price fluctuation limits applicable to the first two
contract months of that futures contract that have price limits under the
applicable rule.

This expanded limit (200% of the limits for the first two months with limits)
shall be applicable to all contract months for that futures contract.

In the event that such a price fluctuation limit is reached by a bona fide
bid at the high price fluctuation limit or a bona fide offer at the low price
fluctuation limit, trading on NYMEX ACCESS(r) shall be halted immediately
except as directed otherwise by the President or the President's designee.
Following resumption of trading, the price limits in effect shall be 200% of
the limits applicable to RTH trading.  In the event that a limit is touched
during the last 90 minutes of a NYMEX ACCESS(r) session, the market shall be
halted briefly, and price limits shall be expanded thereafter

In addition, in the event that a contract trading on NYMEX ACCESS(r) traded
for five minutes during the NYMEX ACCESS session at a price
fluctuation limit applicable to the Regular Trading Hours session, then the
RTH session shall open with expanded price fluctuation limits as provided
under the applicable rule, even though no temporary cessation of trading
occurred during the NYMEX ACCESS(r) trading session.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"
http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc
=(01-42)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


This is Cara's assistant, Cara White.   Cara asked me to send you her
itinerary:

Cara will be in New York for a week.

Thursday through Saturday, she will stay at the Edison Hotel (212) 840-5000

Sunday through Wednesday, she will stay at the Grand Hyatt (she doesn't know
the telephone no. - and I am such a busy personal assistant, I don't have
time to look it up.)

Also, until Sunday, you may try her husband's cell phone (512) 657-1555

You can always try Cara's cell phone (512) 970-0608 - but she hasn't really
figured out how to retrieve messages yet - so you'll probably have better
luck leaving a message at the hotel.

Cara will return on Thursday evening on American Flight #1669, arriving at
4:25 P.M.

Cara White
Community Development Coordinator
USTA Texas Section
1-888-883-6388
cWhite@texas.usta.com


Mark see the below.  Any thoughts?

---------------------- Forwarded by Peter Traung/EU/Enron on 02/04/2001 16:42
---------------------------

Robbi Rossi@ENRON COMMUNICATIONS
02/04/2001 16:36
To: Peter Traung/EU/Enron@ENRON
cc:

Subject: Re: Take or pay/options

Peter,

  I am not doing any deals that reference an existing or future index.  The
only suggestion I have is to include soft language that states that if an
index develops, the parties will negotiate a mutually acceptable pricing
arrangement in respect of such index.  You could include possible examples of
how this pricing would work.  Absent an established index, however, I do not
know how you could do more.  Mark Taylor may have some suggestions on
describing a potential index.  Wish I had better answers for you!

Robbi Rossi
Sr. Counsel
Enron Broadband Services
Phone:  (713) 345-7268
Fax:  (713) 646-8537

	Peter Traung@ENRON
	04/02/01 10:21 AM

		 To: Robbi Rossi/Enron Communications@Enron Communications
		 cc:
		 Subject: Take or pay/options

Robbi, I hope all is well.  I sent this originally to Cynthia, but realize
she's away for the week.  Do you have any thoughts on the issues?

---------------------- Forwarded by Peter Traung/EU/Enron on 02/04/2001 16:20
---------------------------

	Enron Europe

	From:  Peter Traung                           02/04/2001 14:13

To: Cynthia Harkness/Enron Communications@Enron Communications
cc:

Subject: Take or pay/options

Cynthia, in another one of these deals (like Storm, Carrier 1 etc) we're
trying to get Swedish incumbent Telia to agree to apply an index that would
apply after the first year or years.  In the first period, there would be
agreed set of declining prices.  Thereafter, we're discussing a structure
where we would be able - up to certain volumes - to buy at "market minus X
percent".  Now, I understand there is no usable index at this time, but if
possible I would like to give an agreement like this some backbone by
identifying the type of index that we would use.  That could be by reference
to the publisher of the index, types of products etc.  (There would of course
have to be a fall-back in case the market doesn't delevop as we hope and
there is no index when we need it.)

Do you have any thoughts on this based on your experience, for example as to
likely publishers of an index? Or any index, for example in gas or power,
that could be used as an example?

Also, the fall back currently discussed is in the form of obtaining, say,
three quotes and fixing the price to the lowest or middle quote, etc.  This
is not a very firm structure, and can be easily blocked/delayed by both
parties.  I'm also not particularly excited about linking any kind of firm
commitment on our part to such a structure.  Are you using anything like this
in the US and do you have any better alternatiives?


As announced earlier, we will be bringing all Managing Directors together, on a quarterly basis.  Please hold open the first Monday of every quarter (from 8:30 a.m. to 12:00 p.m.) for this purpose.  However, our first meeting will be on Tuesday, October 2nd.  I look forward to seeing you there.


Start Date: 1/29/02; HourAhead hour: 18;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012918.txt


Hi, Wendi!

Attached is a form of multiparty/multiproduct guaranty that we would like for a counterparty to provide to us.  I checked with Tana and she said that this is the form we would use whether EOL or verbal transactions.

Let me know if you have any questions or need anything else.

Marie


Thanks.    The date will probably have to move since the most recent events have some of us kind of hopping.    I understand that you have raised your forecast of the 4th qtr, significantly.    That's great.    Looking forward to the simple explanation.

-----Original Message-----
From: Piro, Jim
Sent: Wednesday, October 17, 2001 4:14 PM
To: Hayslett, Rod
Cc: HQ3.EM4.JIM MURRAY; Stevens, Kirk; METZ, CRISTAL; Barnes, Jim
Subject: Re: How are we doing and what are my issues meeting?

Once you set the date and time let me know and Kirk Stevens, Jim Barnes, Jim
Murray and I will participate on the call.

>>> Hayslett, Rod 10/15/01 3:45:33 PM >>>
I would like to have a meeting on October 31st (maybe later if that date won't
work), either in the AM or the PM, but probably about 3 hours or so. I would
like to discuss organizations and how we are going to provide the support the
EGS organization requires both at Stan's level and at each level in the
organization. I would also like to discuss the top 3-5 concerns you have for
your business and your people. You should decide if there are people in your
organization that are needed to discuss basic functions of Planning,
Accounting, Finance and Tax and feel free to include them in this process, but
I would like to keep the group to Director level or above. Please let Kathy
know who they are. I would like to know if you are available or have a
preference for morning or afternoon.

Thanks.

Rod Hayslett
EB4054
713-853-6178


This FRIDAY, DECEMBER 8, 2000 (5:00 p.m. CST) is the deadline for deferral
program enrollment.  Following the deadline, no new elections or changes to
existing elections will be accepted.
To learn more about your deferral program opportunities and to enroll for
2001 deferrals, access eHRonline at http://ehronline.enron.com.  (Call the
ISC Help Desk at 713-345-4727 if you need your ID or password to access the
system.)

1. Review the program descriptions (attached to the Election Form) before you
make your elections.
2. If you decide to defer compensation, complete the Election Form before
Friday, December 8,  2000, 5:00 p.m. CST (the enrollment deadline).
3. Print your 2001 Election Form and Confirmation Statement right from the
web site and you,re   finished!

DEFERRAL ENROLLMENT 2001--ADDED VALUE FOR YOUR FUTURE


---------------------- Forwarded by Susan M Scott/HOU/ECT on 04/07/2000 03:42
PM ---------------------------

Matthew Lenhart
04/07/2000 03:12 PM
To: Timothy Blanchard/HOU/EES@EES, Eric Bass/HOU/ECT@ECT, val.generes@ac.com,
Susan M Scott/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT
cc:
Subject: The Joys of Marriage

this is the funniest email i have ever received.  send it on to people b/c i
cant think of anyone to email
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/07/2000
03:09 PM ---------------------------

Shirley Elliott <shelliott@dttus.com> on 04/07/2000 09:54:13 AM
To: jjohnson@daewoous.com, kmcgallion@king-ranch.com,
Terri@EDIarchitecture.com, waldron50@yahoo.com, Sablica@compuserve.com,
scody@acplasticsinc.com, sclarkson@tractebelpowerinc.com,
Chad.Landry@enron.com, Matthew.Lenhart@enron.com, matthew.overbeck@ac.com,
JohnWheeler@PZLQS.com, hallieklassen@usa.net, j.cruthis@mail.utexas.edu,
AChang01@coair.com, Liz.Mortenson@chron.com, Allison Damon
<adamon@dttus.com>, Michael Lednicky <mlednicky@dttus.com>, Todd Rimmer
<trimmer@dttus.com>, Chris Strain <cstrain@dttus.com>
cc:

Subject: The Joys of Marriage

> I've got game....'Ole!
>
>
>
> Subject:      FW: The Joys of Marriage
>
>  <<cuddles>>
>

 - FARTINGI.AVI
 - RFC-822.TXT
---------------------------------- Forwarded
----------------------------------
From: mwilkerson@ajilon.com at Internet-USA
Date: 4/7/00 8:50AM -0500
To: Shirley Elliott at DTT.US.HOUSTON
*To: AMorse@EMJMETALS.COM at Internet-USA
*To: hymela@netsolve.net at Internet-USA
*To: bretts@mail.utexas.edu at Internet-USA
*To: brian.sorensen@chase.com at Internet-USA
*To: vmw@ispchannel.com at Internet-USA
*To: Elrhea.stockton@dcicorp.com at Internet-USA
*To: jdryer@kpmg.com at Internet-USA
*To: jwaldman@ers.state.tx.us at Internet-USA
*To: jim_stiffler@dell.com at Internet-USA
*To: keith.hatley@allegiancetelecom.com at Internet-USA
*To: sablica@compuserve.com at Internet-USA
*To: mark_hooper@dell.com at Internet-USA
*To: Michael_Ecklund@hines.com at Internet-USA
*To: r8834c@email.sps.mot.com at Internet-USA
*To: dmehta@uth.tmc.edu at Internet-USA
*To: mdeshotels@rightnowtech.com at Internet-USA
*To: pavri@bplaw.com at Internet-USA
*To: pconnor@us.ibm.com at Internet-USA
*To: RMoser@EMJMETALS.COM at Internet-USA
*To: ryane@tocquigny.com at Internet-USA
*To: Schoelpple@yahoo.com at Internet-USA
*To: swlh@excite.com at Internet-USA
*To: hookem@ev1.net at Internet-USA
*To: wwindom@aol.com at Internet-USA
*To: waldron50@yahoo.com at Internet-USA
Subject: The Joys of Marriage
------------------------------------------------------------------------------
-


Hello, attached below is an example of a monthly option and a daily option.
The only difference being one is exercised once a month and the other is
exercised daily.  The times that options are exercised varies by delivery
point and whether the option is daily or monthly.  We can send you a list of
these rules if needed.

Let me know if you need anything else.

Thanks,
Melissa
3-1886


Louise,

As of today, I intend to be at Monday's PRC (Sue is doing fine) and catch an 8:30PM flight back.  I am preparing a PRC report for you and Tim in the event I do not make it.  The report will be easier to deal with than the PEP reports and will reflect my summary evaluation of Analysts, Associates, Managers, Directors, and VPs in my group.

Chris Calger
503-464-3735


Just wanted to make sure you received this.

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/28/2000 10:09
AM ---------------------------

	From:  Joan Veselack @ ENRON                           01/27/2000 07:38 PM

To: hboyd@columbiaenergygroup.com, kdestep@columbiaenergygroup.com
cc: mstiles@columbiaenergygroup.com, knovsek@columbiaenergygroup.com, Chris
Germany/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT,
Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
Subject: TCO STOW Overage - 1/24

Kara/Heidi, please give this to Brian and Melissa.

Because the burns significantly increased on 1/24 from the forecasted amount
(+16749). Contract #63281 was over-run and Storage #51407 was over-withdrawn.
Contract over-run is $.21 per dkt and storage over-withdrawls are $10 per dkt.

Because the forecast was lower, I let Joann use the extra space for CES
Enduser Market. TCO will let me cut gas to CES Enduser Markets as a retro.
Not sure if you want this gas to flow or try to make it up over the weekend.
If you need the gas to flow because of OFO penalties, maybe the storage
over-withdrawal is cheaper than incurring OFO penalties. Please tell me what
you want me to do. Need to do the retro's ASAP while TCO is still feeling
generous.

FYI, the traders at Enron talked to Noel Bartlo on Tuesday. Noel said any
costs over the space that retail had (134,710 for choice), Enron had the
right to pass on the costs. I really hope the Noel communicated that to CES
Retail. I would hate to have a huge misunderstanding between Enron and CES
Retail. Remember, we schedulers are caught in the middle... and don't try to
cause unnecessary pain.

63281/236 coh 7-1  2934/2872
63281/170 coh 7-5  1922/1881
63281/99 coh 5-2  427/418
63281/221 cpa8-35 1639/1604
63281/220 cpa8-35 511/500

Total    7433/7275


Julie,

Yes,  this is how we split this expense internally.
Please, send it to me.

Vince

"Julie" <julie@lacima.co.uk> on 10/31/2000 01:57:55 AM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Re: Check

Vince,
?
Oh.? I sent an invoice to Habiba for AUS 5K a while back, and she  informed
me that she passed it along to the people who are handling the  agreement now
(I take that as Fiona Grant in London?).? I will then send  out another
invoice of AUS 5K in the next week or so for the remaining  balance.? Should
I have sent the invoice to you?
?
Thanks,
Julie
----- Original Message -----
From:  Vince.J.Kaminski@enron.com
To: julie@lacima.co.uk
Cc: Vince.J.Kaminski@enron.com
Sent: Monday, October 30, 2000 9:12  PM
Subject: Re: Check

Julie,

A clarification. We had an agreement with  Chris and Les to contribute? AUS
10,000
as a part of the  cost.

Vince

"Julie" <julie@lacima.co.uk> on 10/30/2000  12:32:14 PM

To:?? <Vince.J.Kaminski@enron.com>
cc:
Subject:?  Re: Check

Vince,

Thank you for your email.

We  will send you a copy of the book as soon as it is available, which we
are  now estimating to be around 21 November (no need to send us a cheque;
you  deserve it).

Just let us know if we should use a different address than  your office? in
Houston.

Thanks again for all of your  help.

Julie

----- Original Message -----
From:? Vince.J.Kaminski@enron.com
To:  julie@lacima.co.uk
Cc: Vince.J.Kaminski@enron.com
Sent:  Monday, October 30, 2000 2:16? PM
Subject:  Check

Julie,

This message was returned to me a few times  when? I sent it from my  home
address.

Vince

----------------------? Forwarded by  Vince J Kaminski/HOU/ECT on 10/30/2000
08:00 AM?  ---------------------------

VKaminski@aol.com on 10/28/2000  12:12:57? PM

To: julie@lacima.co.uk
cc: VKaminski@aol.com, vkamins@enron.com
Subject: ?  Check

Julie,

As the book is about to be released to  the? market, I would like to start
the
process to issue the check  to Lacima.? Who will be the payee (Lacima) and
what
is the?  address?

Vince


Lisa,  I feel so bad right now.  I never wanted anything but to be with you
and love you the rest of my life.  I wish we knew how important it was to
communicate with each other over the past years.  I think we are both guilty
of not communicating.  It is easier to talk to some besides each other about
certain things because of certain expectations or assumptions that have been
built up over our portion of a lifetime together.  It hurts to now clearly
understand this after things have happened.

I am scared of you moving in with Chris because I fear that we both may
accept it as final.  I don't want it to be that and I want us to genuinely
work on this relationship.  I want us to talk and do things together.  You
are my one true love.


You're invited to search and register:

Tuesday, March 6

Investinme.enron.com is a new tool to help you manage your professional
development.
It brings together the listings of internal programs, as well as access to a
database of
external programs, on-line courses and materials

Double Click  and select launch.

Web site demonstrations
EB 568 on March 5, from 1-5 PM (every hour), and March 6, from 9-5 (every
hour)

Questions?  Please call the EWS Development Center  X 3-0357.


Stinson,

Let's chat about it.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001 10:36 AM ---------------------------
From:	Frank Hayden/ENRON@enronXgate on 04/18/2001 02:33 PM
To:	Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:	FW:

What are your thoughts regarding this?

Frank


Thank you,

Bernie


possibly friday.  I will take Mon the 18th off also.

Laura Harder@ENRON
12/13/2000 08:37 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Vacation?

Just wondering ... are you going to take any of the vacation days that you
have written in the calendar for this week?


I would like to step back to the plug number for T&D and suggest another
method.  The plug, as I understand it, is calculated by building up
generation cost from the MOU presentation and substracting that number from
the total utility revenues reflected in the Lynch decision.  Unless the
generation component reflected in the MOU and Lynch's decision are the same
(and I don't think they are), this won't result in a proper number.

For PGE, I am very confident that their non-generation costs are equal to
$.0391 per kWh based upon PGE data filed in the rate design hearing.  That
rate multiplied by 81,991 results T&D cost of $3,206.  I think this is the
number that should be used for PGE.  I don't think you should tie to the
$11,400 number.  The T&D number would need to be adjusted for the
core/non-core adjustment factor (core = 125% of average).

For SCE, assuming that the system average generation rate is $.073 and that
the existing total system average rate is $.1132, that leaves a
non-generation system average rate of $.042 which equates to total T&D cost
of $3,519.  Because the PGE and SCE systems have a similar per unit rate for
T&D (4.02 v 3.91) and the mix between core and non-core are similar I think
using the 125% factor is reasonable for SCE.

Going through similar calculations and assumptions I come up with a T&D per
unit cost of $.0623 for SDGE.  Because their mix of core and non-core is
heavily tilted toward core the above factor would not be applicable.
Perhaps, not adjusting it at all would not be too far off.

Call me if you have questions.

	Michael Tribolet/ENRON@enronXgate
	05/18/2001 08:27 AM

		 To: Kortney Brown/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry
Kingerski/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 cc: Jeffrey A Soo/ENRON@enronXgate
		 Subject: RE: Updated Core/Non-Core Analysis

I re-set the Core to Non Core T&D (in cents)  ratio (see the bottom of the
spreedsheet for relative cost and attached the spreadsheet) to 200%.  As you
can see the analysis is very sensative to this apportionment.  Robert and
Harry, any additional ideas about apportioning this would improve the model's
accuracy.

	PGE	SCE	SDGE

Core Rate T&D	             5.721 	         7.240 	        7.616
Non Core T&D	             2.867 	         3.620 	        3.809
 Total 	 $          3,836 	 $      5,147 	 $     1,285

Core T&D/Non Core T&D	200%	200%	200%

By taking PGE's FYE 2000 10-K, I find the following:

Consumer Rev     $3008
All Other        $3658
Total            $6666

Estimated T&D    $3836
Gen portion      $2830

Consumer Kwh        28,753
Other               53,170
Total               81,923

If 45.1% of revenue is from consumer, and the T&D is estimated at $3836, you
can apportion T&D if you assume gen is apportioned pro-rata:

                Consumer   Other    Total
Gen                993      1837    2830
T&D               2015      1821    3836
Total             3008      3658    6666

T&D (cents)/kwh   7.01      3.42    4.68

 -----Original Message-----
From:  Brown, Kortney
Sent: Thursday, May 17, 2001 6:31 PM
To: Dasovich, Jeff; Neustaedter, Robert; Kingerski, Harry
Cc: Tribolet, Michael; Soo, Jeffrey A.
Subject: Updated Core/Non-Core Analysis

Attached is the revised Core/Non-Core Analysis per our discussion.  We have
updated to include the new CPUC rate schedules for PGE and SCE and a toggle
switch 20- year bond scenario to cover the past utility debt that is the
burden of Non-Core.  Please let me know if you have any questions.  Thanks.

Kortney

 << File: CoreNonCoreAnalysiswoDWRNewRates.xls >>


Either day will work for me.

Susan Pereira

David Moss <CityMgr@southside-place.org> on 02/02/2001 12:35:13 PM
To: "'susan.w.pereira@enron.com'" <susan.w.pereira@enron.com>,
"'jpiper5360@aol.com'" <jpiper5360@aol.com>
cc:
Subject: Change of P & Z Meeting Date

Susan and John:

Staff would like to reschedule the tentative Tuesday P & Z meeting.

City council members are also set to meet on this date for a elevated
tower/cell tower workshop.

I had envisioned a 30 minute meeting with P & Z members to finalize the last
remaining item (driveway distance from right-of-way) at the Tuesday meeting
before council's workshop.

However, I have since received a letter and sketch from CenterAmerica
concerning the demolition of Weiner's.  CenterAmerica is proposing a 3 to 4
story development consisting of retail on the first floor and a self-storage
facility on the remaining floors.

Staff would like to begin discussion with P & Z on this CenterAmerica
proposed project.

Would you be available on either Wednesday (February 7) or Thursday
(February 8) at
7:00 P.M. for a longer meeting?

dnm