Interesting article, especially since it came from Britain...  It does
mention Enron too.

The next global city?
The blob that ate east Texas
Jun 21st 2001
HOUSTON
From The Economist print edition (June 23, 2001)

For most outsiders, Texas is a foreign country. Its biggest city, though,
might surprise the rest of the world

WHEN a Texan in a big hat tells you how wonderful his home town is, reach
for the salt. Bob Lanier, the former mayor of Houston, isn't actually
wearing a Stetson as he gazes from his penthouse down on a city that sprawls
25 miles away in every direction. But metaphorically he is. Houston, he
claims, could become one of the great cities of the world.  The remarkable
thing is that he might be right.

From the time the city was founded in 1836 until the 1970s, Houston doubled
in size almost every decade.  Then, despite one of the deepest slumps any
city had experienced since the 1930s, the metropolitan area managed to add
1m people in the 1990s to grow to 4.7m, making Houston the fourth-largest
city in America.  It is already bigger than Berlin and, with a GDP of around
$215 billion a year, has a larger economy than Hong Kong. Because it is the
nearest metropolis to the cities of northern Mexico, it may attract another
2m people over the next two decades, which would give it almost the same
size of population as London has now.  But a global city? These are few and
far between.  Houston can hardly dream of becoming a global financial centre
like London, New York or Tokyo. But its business leaders think it could
become a cosmopolitan, entrepreneurial hub, a Hong Kong, a San Francisco or
even a new Los Angeles. It shares LA's smog, its sprawl, its Latino culture,
even its ugly hubris; and by some measures it surpasses LA's ability to
reinvent its economy. Can it use its adaptability to turn itself into a
properly international place?

Oil be there for you

Its hopes still depend disproportionately on its most global industry.
Energy accounts for half of Houston's economy. During the 1970s, while the
rest of America stagflated, Houston boomed as high oil prices sucked
billions into the country's oil capital. In that decade alone, the city
built almost as much new office space as the total amount of commercial
property available in San Francisco. Money was being lent and business plans
formed on the assumption that oil would go to $50 a barrel. At the height of
the boom, about 80% of the city's economy was oil-related.  The bust was
traumatic. By the mid-1980s, all that new office space stood empty. Every
big local bank was taken over. Only one of the property developers then in
business is left.

Unsurprisingly, a certain paranoia lingers in the city about the oil
business.  The Greater Houston Partnership, the main business lobby, has
spent the past 20 years frantically encouraging the city to diversify. Yet
the fact is that the energy business and Houston itself have emerged
stronger from the terrible bust.  As company after company was forced to cut
back, they collapsed their operations back into Houston and seem unlikely to
be dispersed again. In 1999, when oil slumped to $10 a barrel and the number
of oil rigs in America fell to its lowest point in living memory, Houston
still managed to add energy jobs.  Now another boom is in prospect, with oil
prices high again. Matt Simmonds, the head of a local energy consultancy,
argues that America's past reluctance to build new power plants will force
it to increase energy capacity by around 30% in the next ten or 15 years.
The rig count is already 50% above last year, and natural gas exploration is
soaring. If oil prices stay high (a big if) and if other countries share
America's energy worries, Houston will grow in importance.

It is hampered by a wild-catting reputation. In fact, the energy business is
changing in three significant ways, and Houston is the centre of all of
them.  First, technology. Not long ago, oil drills went down to 1,500 feet
(457 metres). Now they go to 15,000 feet. Companies use four-dimensional
computer imaging to plan new fields (time is the fourth). This is making oil
an information-intensive business and puts a premium on the kinds of skills
available in Houston.  Second, the cost of new oilfield exploration and
development has risen so far that even newly merged behemoths cannot always
finance them alone. This makes deal-making vital, which is good for the city
where deals are made. If you are not attending, say, lunch at Houston's
Petroleum Club, you are out of the loop.  Third and most important, oil is
now only part of a bigger energy business, which includes electricity. Once
divided into self-contained regional markets run by local utilities, the
electricity business is being changed by the gradual emergence of a national
grid dominated by power producers and traders. Big users now decide whether
to buy power at long- or short-term rates, rather as they arrange their
financing. A new business of energy arbitraging is emerging, and itscentre
is Houston.

Three of the five new skyscrapers going up downtown have as their main
tenants energy companies that did not exist ten years ago. One of them,
Enron, is building a 50,000-square-foot trading floor?? single-company
answer to the Chicago Board of Trade.  Enron has probably been Houston's
most successful energy company of the past ten years. It has never explored
for, pumped up, or refined a single drop ofoil. Out of the black stuff

However well-placed Houston is to take advantage of the energy business, it
will never be a great city as a one-trick pony. Its boosters point to other
strengths:

*Trade. Houston is America'ssecond largest port, which is remarkable
considering it is 50 miles from the sea.

*Computers. The city is home to Compaq, America's third-largest PC maker. If
you include Dell, based in Austin, two of America?? four big computer firms
are in south-east Texas, not Silicon Valley.

*Space. The National Aeronautics and Space Administration centre is in
Houston, thanks to LyndonJohnson, a native son.

*Medicine. Houston is home to probably the largest medical complex in the
world. In a moment of extraordinary optimism, the city set aside 700 acres
in the middle of town for medicine. The hospitals, clinics and research
centres of the Texas Medical Centre employ 55,000 people and deal with
70,000 patients a day. St Luke's has performed more heart surgery than any
other hospital in the world. MD Anderson and the Texas Children's Hospital
are among the top two in their respective specialities, cancerand
paediatrics.

This list has holes in it. Houston has no real financial services (the
mainstay of the biggest global cities) or pharmaceuticals (despite the
medical centre). And some of its new industries are less robust than the
boosters claim. Its port's success depends on the vagaries of Mexico's
economy. Space does not employ many people and is unlikely to grow until the
far-off day when the commercialisation of space arrives. The Texas Medical
Centre is set up on a not-for-profit basis, so it has not been able to
commercialise its activities (hence the lack of drug firms), though a new
biotechnology park may help.  In fact, Houston's main hope for diversifying
lies not so much in particular sectors as in something intangible: its
stunning ability to create new firms.  For the past three years, Houston has
created more new companies than any city in America. It is almost certainly
the best place either to start a business or find a first-time job. The
reasons for this are the real driving forces behind its success. The beauty
of entrepreneurialism

The first is unmeasurable, a no-holds-barred optimism of the old school. One
survey shows that about two-thirds of Americans agree with the assertion
that if you work hard in this city, eventually you will succeed.  But
Houston's figure even at the bottom of the city's recession was 75%, and now
it is 88%, the highest-ever, and (says the survey's author, Stephen
Klineberg of Rice University) the highest of any bigAmerican city.

It may not be true that anything is possible in Houston, but people act as
if it were. Bill Gilmer, the chief economist of the Houston branch of the
Federal Reserve system, argues that this explains why Houston recovered so
fast from the oil bust: unemployed engineers went out and set up their own
firms, just as aerospace engineers did in Los Angeles when the end of the
cold war put them out of business.  The second advantage is technical.
Uniquely for an American metropolis, Houston has no citywide zoning
ordinances. When planning decisions are made, they are made by developers on
their own land. For the would-be entrepreneur, it is thus easier and cheaper
to find a place to set up shop in Houston than in any other city in America.

Lack of zoning laws hands power to developers who insist that new
developments be large to capture economies of scale. They expand in leapfrog
fashion, ignoring small 20-acre plots near the city centre in favour of vast
planned towns further out. This drives land prices sharply down, especially
the further you go from the centre. On top of that, an aversion to red tape
makes it easy to get building permits. Barton Smith, a land economist at the
University of Houston, reckons lack of red tape is at least as important to
keep costs low as lack of zoning laws.

Lack of zoning also makes neighbourhoods slightly more mixed in terms of
usage (residential and commercial are more muddled up than elsewhere) and
racially. Because there are no zoning laws to force, say, a bankrupt
restaurant to re-open as a restaurant, areas change shape quickly. At the
same time, Houston is less segregated racially than any other city, bymost
measures.

One should not be over-impressed by this. Whites in Houston may be more
likely than their peers elsewhere to have had a conversation with someone of
a different race in the previous week, but that hasn't stopped them heading
for the suburbs. Much of the racial mixture downtown is of blacks, Latinos
and Asians (the city has America's second-largest Vietnamese settlement
after southern California). But because zoning laws do not enable local
groups to keep poor people out (for example, by requiring that all housing
plots be huge), Houston remains racially desegregated by American standards.
This helps draw in immigrant workers, creating a pool of labour.

That leads to the third of Houston's main characteristics which should prove
an advantage in the 21st century: racial tolerance. Houston looked like a
southern town until the 1970s: white, with a large black minority. A
generation later, its population is roughly one-third white, one-third black
and (slightly over) one-third brown. Other cities have similar profiles but
none went from a bi-racial to amulti-racial city quite so abruptly.

Even more strikingly, it did so peacefully. Houston has not had a race riot
since 1914. For the largest southern city to have gone through the
civil-rights era and its aftermath without upheaval is a remarkable comment
on its politics. Minorities have long been fully or over-represented in the
city council, county commissions and the Texas state legislature.  Bob Stein
of Rice University argues that, unlike other growing cities, Houston is
reinventing the tradition of a powerful group of civic-minded business
leaders, the fate of whose companies is closely tied to that of the city.
Ken Lay, Enron's chairman, is an example. He has been the driving force
behind the building of two sports stadiums, and has a pet project to boost
child literacy. Rumour has it that he may run for mayor.  The effect of this
sort of civic-minded activism showed up in the late 1990s. At a time when
America was busily abolishing affirmative-action programmes, Houston went
the other way: it had a new one approved in a city-wide referendum. For
better or worse, this showed how racially tolerant it is. For how much
longer?

In many ways, Houston is thriving because it has kept alive an
old-fashioned, industrial mode of growth, built on cheap land, low taxes,
immigrant labour and unfettered pro-business policies. This model may not be
enough in the next decades.

Houston is ugly. It was hardly charming to begin with and has pulled down
many of its old buildings. It may have to pull down even more after recent
floods caused $2 billion-worth of damage. It is also, as Al Gore rudely
pointed out during the presidential campaign, polluted. Since cities now
have to attract skilled workers with quality of life benefits, this is a big
problem, and not one that can be overcome by cheap housing.

Business leaders are frantically trying to catch up. In an unusual example
of bipartisanship, a fervently conservative property developer has joined
forces with a former member of the Clinton administration to back a $500m
bond issue to plant 1m trees. The Greater Houston Partnership has executed
an about-turn on pollution. Having argued last year that new pollution
controls damage growth, it is now on a crash course to cut ozone-creating
emissions as fast as it can.  If this sudden change of mind is real, it
poses a tough question about zoning. Houston has 2,300 people an acre,
compared with 6,000 in Los Angeles and 20,000 in New York (at the other end
of the scale). This extraordinary extensiveness is expensive. At one point
in the early 1990s, Houston alone was spending more on roads than any state
except California (and, of course, Texas).

There are doubts about how much further sprawl can go. Three-quarters of the
best-paid jobs are still on or within the inner ring road. Some new suburbs
are 50 miles away. Can the city continue to burst outwards while attracting
the skilled people whose jobs are downtown? And surely that means
introducing zoning?  Lastly, Houston faces a severe problem in the one area
where its national reputation is high: education. To run his number-one
priority, Mr Bush picked as secretary of education Rod Paige, a former head
of the Houston independent school district. The president claimed,
correctly, that Mr Paige had overseen substantial improvements in the city's
education, especially among minorities. What he did not say is that these
improvements have been nothing like enough.  Despite successes in individual
schools, half of all Latinos fail to graduate from high school, compared
with 10% of whites and 20% of blacks. Whites are abandoning Houston's public
schools. They represent only 12% of pupils; 54% are Latino. More than a
quarter of today's schoolchildren are likely to dropout.

In a world where a good job depends on having a college degree, this is
alarming. Rice University's Mr Klineberg argues that new immigrants from
Mexico arrive lagging further behind the rest of the country educationally
than did the wave of immigrants in the early 1900s. The first wave took
several generations to catch up. Today's immigrants will have to close a
bigger gap more quickly. If they do not, they may end up in an underclass
that could scratch at Houston'sracial harmony.

This is Houston

Can Houston make it? The city has experienced the three big transformations
that affect America in their purest form: the change from a raw-material
economy to services; the change from a bi-racial to a multi-racial place;
and the moderation of a no-holds-barred pro-business culture to take account
of environmental and social costs. Elsewhere, these changes have occurred
over 50 years. Houston has lived through them in 20. And the next 20 years
will probably be just as dramatic and successful. Hold onto those Stetsons.

Copyright ?? 1995-2001 The Economist Newspaper Group
Ltd. All rights


Hey Dave.  Hope your weekend went well with the girls.  I got a call from my
mom tonight that Cita was in the Hospital again.  According to my mom she is
doing okay now.  I called Cita on Friday and she said she just felt like she
was getting a cold but apparently she went in for the heart failure thing
again?  Is that correct.?  Anyway,  I am working the night shift tonight so I
will give her a call tommorow afternoon after I wake up.   I called and left
you a message letting you know that i am probably not going to Vegas.
Everyone kind of flaked out.  So, I will be around the weekend of the Super
Bowl and was wondering what you guys might be doing for it.  Also I was going
to see if you and Karen would maybe be interested in going up to Big Bear to
go skiing for the day on Friday or Saturday.  I thought it might be fun.  I
have an extra set of ski's that I was thinking about bringing and leaving
down there anyway so I could go without having to hassle with Rentals.  So,
let me know if you have any interest in doing that and if you have anything
going for the Super Bowl.  Tell Cita I love her and tell Bob to get in
shape!  See ya soon!


Attached please find a follow up to today's Natural  Gas market analysis.
?
Thanks,
?
Bob
 - 11-30-00 Nat Gas intraday update 1.doc


We will be releasing new version of the Stack Manager and the EnronOnline
website tonight . The following are the changes

1. Changes to Stack Manager:

1.1 Changes to toolbar icons:
To facilitate further development of the system, it has been found necessary
to change the toolbar icons at the top of the Stack  Manager. The attached
file shows the old icon and its new replacement. Next to each image below is
the description of the function that is executed as well as the short cut key
that is mapped to the same function:

1.2 New Functionality - Auto Suspend
The Auto Suspend function allows traders to set an absolute price change from
a price level at which you would like the system to automatically suspend a
specific product. This function is useful if your products use automatic
price resets.

To activate this feature:
1. Select a product and click on Product Properties
2. Check the Enable box
3. Enter the Price Check and Suspend at +/- values
4. Click Update
Example: a trader Enables Auto Suspend and selects a $35.00 Price Check and a
suspension level of +/- $5.00: The system will suspend the product when the
mid price is above  $40.00 or below $30.00

You will need to enter a new Price Check or disable the Auto Suspend function
to reactivate this Product if the Auto Suspend is triggered.
Please note the system checks for any products that need to be suspended once
a minute.

2. Changes to EnronOnline Website
 (These changes will be rolled out in phases over the next week and will be
available to all customers only by Friday 5/4/01)

The following enhancements have been made to the EnronOnline Website:

2.1 Today,s Transactions

Float Window:  In order to float the window, right click on the Today,s
Transactions section, click on the Float Window option.

Sort Ordering: Click on the column heading to change the sort order.

Linked Transactions: You can display the linked Transactions in an expanded
or collapsed view. To do so, right click in the Transaction display area and
select full Expand or Full Collapse.

2.2 Submission Box

The submission box has been modified in order to show a space between each
set of &zeros8 for the volume the customer wants to sell/buy.

Savita


Yes!  Do you need it today or can it wait untilmonday?
Heather Kroll

-----Original Message-----
From: Mann, Kay <Kay.Mann@ENRON.com>
To: Kroll, Heather <Heather.Kroll@ENRON.com>
Sent: Sat Dec 01 09:43:15 2001
Subject: VEPCO

Could you send me the notice of default and our response?  Thanks!


Seethayya,

This is great news.  Credit goes to all those who worked towards making this
possible, especially Ramu, Mr. Mehta, Jane, Heidi and yourself who went
through draft after draft of the note to Chidambaram.

This is good news for us!!

Regards,
Sandeep.

K Seethayya
02/06/2001 08:35 AM
To: Neil McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shubh
Shrivastava/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Hellmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rajesh
Sivaraman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pancharatnam
Ramaswamy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Arvind
Rawat/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ritu
Kalia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Good news - Cabinet approval for Power Trading

Team: Today Union Cabinet has approved the proposal of Ministry of Industry
to allow foreign equity participation in power trading. This was conveyed by
Secretary (Power) during his meeting with Wade. In normal course, the
proposal was slated to be coming up for Cabinet in next few weeks. Keeping in
view the developments of DPC invoking State Guarantee, perhaps Cabinet has
hurried it up.

The exact proposal approved was - "to allow foreign equity participation
through automatic route upto 100% for trading in power sector, subject to
prevailing laws."

Irrespective of urgency of this approval to us, the best thing is that we are
getting the approval without Draft Electricity Bill, 2001 being finalised. As
most of you are aware, initially the proposal was stalled at FIPB level
pending finalisation of Electricity Bill. Then it has gone to Group of
Ministers who had taken a positive approach and now the Cabinet has cleared
it.

Now FIPB either issue an approval to Enron LLC or advise us to avail
automatic route. We will have one of it, culminating great team work.

Seethayya


Please notice the updated format.  Simply click on the titles for detailed
information.

Don't miss your chance to participate in The Human Race 5K walk/run (Feb 4th)
or volunteer for the event.  On Wednesday, January 31st there will be a table
set up with registration forms for the race and volunteer opportunities (also
see volunteer section below) in the Enron Building Lobby.  If you have any
questions about the race or about volunteering, please contact Jessica Nunez
at ext. 31918.

The Human Race, presented by Enron, and also sponsored by The Linda and Ken
Lay Family, benefits Holocaust Museum Houston and nine other local non-profit
agencies.  Check out www.hmh.org for more information.

Remember how much fun (and easy!) it was to ride a bike as a kid?  Have you
ever considered joining Team Enron to ride your bicycle from Houston to
Austin in support of the National Multiple Sclerosis Society?  If the answer
is "yes" to either of these questions, make plans to attend an informational
workshop hosted by the Enron Cycling Club from 9:30 AM to 10:30 AM, Friday,
February 2nd, in EB5C2.  Take advantage of the opportunity to ask general and
detailed questions about training rides, cycling equipment, signing-up,
pledging and the entire experience.

Saying to yourself "I can't ride my bike five miles much less 150..." then
seriously reconsider!  You only need to ride 300 miles total before the MS150
to get used to being on your bike.  Can't ride during the week?  No problem!
This training goal can be accomplish by simply riding on Saturday mornings.
Come to the workshop and learn more!  Don't delay - start training now!!

Last year, Team Enron raised $537,000 and was the #1 fund-raiser in the
entire country - learn how to be part of this fabulous team and take
advantage of Enron's Matching Gifts Program!  For more information, contact
Charla Reese (x35202) or Kelly Strader (x30500).  Click here to visit the
Cycling Club's website at http://home.enron.com:84/ecc/index.htm.

Pictures from the following events will be available in the Enron Building
lobby during lunch on Thursday, February 1st:
Corporate Holiday Party at the Museum of Natural Science (Dec. 9)
Holiday Open House on the 50th Floor (Dec 19)

Stop by and pick up complimentary pictures of yourself!  If you have any
questions, contact Jessica Nunez at x31918.

Corporate Corps is a one-season, non-renewable membership - a great
introduction to Ballet!

Members of Corporate Corps can enjoy all of Houston Ballet's magnificent
productions (excluding The Nutcracker) for a fraction of the customary price.
Members also receive a one-year subscription to Houston Ballet's quarterly
newsletter, a personal membership card, and a pocket calendar detailing the
Houston Ballet season.

Membership can be purchased for only $25 each by calling William Tayar at
(713) 535-3235.

What:              Classical Encounters for Singles presents "Meet, Mingle,
Match and Music" & Pre-Concert Party
Hosted by:  Houston Symphony, Sambuca Jazz Cafe, citysearch.com and match.com
When:             Saturday, February 10, 2001
 Time:      6PM-7:30 PM
 Where:               Sambuca Jazz Cafe, 909 Texas Avenue, Downtown
 Followed by:      8 PM Houston Symphony performance at Jones Hall, 615
Louisiana

 Join us for Meet, Mingle, Match and Music, a Houston Symphony concert and
mixer for Houston area singles. The pre-concert party is at Sambuca Jazz
Cafe  followed by a Houston Symphony concert at Jones Hall.

 Yakov Kreizberg returns to Houston with a program of Russian masters.
Rachmaninoff's beloved Rhapsody is performed by pianist Jeffrey Kahane and
Shostakovich's breathtaking Symphony No. 11, The Year 1905 will sweep you off
your  feet.

 Tickets are $35 and include:  reserved concert seating, the pre-concert
party at Sambuca which features complimentary hors d'oeuvres,
 live jazz by  the  Blue Monks, door prizes and a cash bar.

 Pre-paid reservation are required, space is limited, singles only, please
call 713.238.1477 or   make your reservation on-line at
www.houstonsymphony.org
 Classical Encounters for Singles series is a party/concert package available
to Houston area singles. The party/concert package includes a pre-concert
party
 in the balcony lobby, complete with hors d'oeuvres, live Jazz by the Blue
Monks and a cash bar. Guest Speakers, wine tasting demonstrations, dessert
cooking
 demonstrations and more are all part of this exciting singles package. After
the party subscribers to Classical Encounters for Singles enjoy reserved
concert seating  for a Houston Symphony concert.

Want to do more for youth and education?  Become a Member of the Houston
Livestock Show & Rodeo!  $50 for an Annual membership and $500 for a Lifetime
membership ($450 for current annual members).  Benefits of being a member of
HLS&R include the eligibility to apply for a Committeeman position (no
guarantees) and the eligibility for Corral Club membership.  Already a Life
Member of HLS&R?  Buy a Life Member plaque for $45 to show your commitment to
HLS&R.  All proceeds will go into the HLS&R General Scholarship Fund, and,
since this is a tax deductible contribution, Enron will match your donation
dollar for dollar.

For more information on membership to the Houston Livestock Show & Rodeo,
please contact Krysti Knight at 5-6278.

For tickets contact any of the following Carnival Ticket Committee Members
through Friday, February 9th.:

? Debbie Yates  EB 1354 (713)853-5305
? Lisa Schandua  EB 4024B (713)853-0563
? Sarah Brown   EB 2412B (713)853-3417
? Margaret Doucette EB 3851A (713)345-7892
? Tara Rafter  EB 1762 (713)345-8362

$10 BOOK ) (A $20 Value)

? 24 Carnival Ride Tickets
? Two 2-for-1 Food Coupons
 (food coupons include small drink and popcorn)

$50 BOOK ) (A $110 Value)

? 125 Carnival Ride Tickets
? One Free Ride on the Hurricane (Family Ride)
? Twelve 2-for-1 Food Coupons
(food coupons include any size drink, cotton candy, popcorn, french fries,
ice cream)

LIVESTOCK SHOW TICKETS - The livestock show ticket will allow you to visit
the livestock and horse shows, carnival and all other exhibits*everything
except the rodeo.

? Age 13 & over   $6.00  Each
? Age 6 - 12  $3.00  Each
? Age 0 - 5 Free

? Carnival coupons are good during the HLSR BBQ Cookoff February 8-10 and
during the HLSR February 13 - March 4.
? A rodeo ticket (good date of ticket only) or livestock show ticket is
required for admission to the carnival.
? BUY YOUR TICKETS IN ADVANCE TO AVOID LINES AT THE LIVESTOCK SHOW AND
CARNIVAL!!!!
? No Parking on the Rodeo Grounds*Ride METRO for Free.  Click here for more
rodeo parking information.

You are not just buying a pig; you are buying a brighter future for the youth
of Texas.  When you purchase a pig from the Houston Livestock Show and Rodeo
(HLS&R), Junior Swine Auction Committee, all proceeds will go into the HLS&R
Scholarship Fund benefiting Texas youth.  Pigs are $600 each and are
approximately 225 lb. gross weight.  The pigs can either be donated to The
Houston Food Bank or delivered to a processor for your personal use.   To
participate please contact Jessie Jewell at 5-4983.  Because this is a
tax-deductible contribution, Enron will match your donation dollar for
dollar.  Click here to print out the Matching Gift form.

Individuals donating $600 or more are eligible for an invitation for two to
the Whole Hog Cookers BBQ Tent at the Championship BBQ Cook-off held February
9 and 10.  Individuals donating $600 or more can also receive an invitation
for two to the Swine Auction Breakfast and Swine Auction on February 28.
Cash contributions of any amount are gladly accepted.

When you purchase pens of chickens from the Houston Livestock Show and Rodeo
(HLS&R) all proceeds will go into the HLS&R General Scholarship Fund
benefiting Texas youth.  Pens are $50 each and contain six broiler chickens,
commercially packaged and frozen. The chickens can either be donated to The
Houston Food Bank or picked up at a later date for your own use. To
participate please contact Tom Murphy at 3-9514 or Ruby Kinsfather at 3-3869.
 Because this is a tax deductible contribution, Enron will match your
donation dollar for dollar.  Click here to print out the Matching Gift form.

The Human Race, an exciting 5K Walk/Run on February 4th in Downtown Houston
NEEDS volunteers for race day!  If you want to volunteer please contact
Jessica Nunez ASAP via email or at ext. 31918 to sign-up.  Thank you for
supporting this event with your volunteer efforts!  This event is presented
by Enron and also sponsored by the Linda and Ken Lay Family.

Flu Shots are still available at the Enron Health Center Monday - Friday from
8:00 AM - 3:30 PM.  Flu season lasts through March, so it's not too late for
immunization.  For those employee groups who find it difficult to be away
from their desks, arrangements can be made for the Health Center nurse to come
 to your floor to administer the flu shots. Contact the Health Center at ext.
3-6100 for more information.

Make plans to attend the KidVenture Summer Camp Open House from 11 AM - 2 PM,
February 6-7 in the Enron Building Lobby (near the HR Kiosk).   KidVenture
representatives will be on hand to answer your questions.   A maximum of 100
slots are available for the summer camp.

For an update on Enron's on-site childcare center, please see the attached
memo from the Office of the Chairman.

 Office of the Chairman
From: Ken Lay and Jeff Skilling on 01/12/2001 10:43 AM
Sent by: Office of the Chairman
To: All Enron Houston
cc:
Subject: Enron Onsite ChildCare Center Update

We are proud to announce that Enron will partner with Knowledge Beginnings,
one of the leaders in the childcare industry, to provide high quality,
conveniently located, customer service-oriented childcare for Enron employees
in Houston.  Knowledge Beginnings is a part of the Knowledge Universe
Company, a family of companies focused on lifelong learning.

Our childcare center will be located on Louisiana Street across from our
corporate headquarters.  The anticipated opening date is the fall of 2001.
Any full-time or part-time Enron employee who will have a child/children
between the ages of six weeks and four years by the opening date of the
center will be eligible to utilize the center.

Please review the attachment to learn more about Enron,s onsite childcare
center.  We are in the process of building a web page dedicated to this
important project and hope that it will provide you with frequent updates and
answers to any future questions you may have.  Watch your email for our
launch date!  We are excited about this new venture and look forward to the
center,s opening.

Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
Greg Grissom (ext. 58741)
no later than 12:00 noon the Thursday prior to the next Monday,s mailing.


Requester: Ian Cooke
Request Type: Friday Off
Request Submitted: 2/5/2002 2:51:43 PM

Start Date: 2/8/2002 8:00:00 AM
End Date: 2/9/2002 8:00:00 AM
Length Requested: 8 Hours
Days Submitted: 1 Day(s)
Comments:

Please click on either the Approve or Reject button at the top of this message.  If you don't see them, fully open the message.


[IMAGE]
 Battle your friends for glory in Planters Crunch Time -- the first-ever football game played via e-mail! Featuring graphic, play-by-play action, Planters Crunch Time is fast, fun, and FREE! Kickoff Now!   Remember the NFL Hall of Famer's, Superbowl Champs and your favorite Teams or Players. Save 10%  off NFL Memorabilia @ MVP.com. Enter coupon code HIGH10PC  at checkout to receive this exclusive offer. Ends 10/23/01.  Attention Fantasy Fans!  Subscribe to The Sporting News  now for a low $.99 per issue AND get a FREE Stainless Steel Thermo-Bottle! HURRY!    Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    Player Updates NFL Reports  [IMAGE]'); [IMAGE]Latest NFL Player News  Trent Green , QB KC - Starboy Updated 10/18/01 Green should move the ball with ease against the Cardinals this week. But the Chiefs might depend on the run, so his numbers may be limited.  Ken Dilger , TE IND - God Updated 10/18/01 Dilger is not a major factor in the Indianapolis passing game anymore. Don't expect much from him against the underrated New England defense this week.  Marcus Pollard  , TE IND - Free Agent Updated 10/18/01 Pollard has emerged as Indianpolis' top option at tight end. He will once again be a key factor in the passing game against New England this week,  Edgerrin James , RB IND - Beegs Boys Updated 10/18/01 James was held to just 55 rushing yards in his first game against New England this year. Expect much better numbers on James' home turf this week.  Reggie Wayne , WR IND - Free Agent Updated 10/18/01 Wayne is expected to start in plac! e ! of the injured Jerome Pathon for the second consecutive week. Wayne has not done much yet, so don't put him in your Fantasy lineup.   Marvin Harrison , WR IND - Perrito-style Updated 10/18/01 Harrison suually performs well in divisional matchups, and has burned Patriots CB Ty Law in the past. Expect him to produce good numbers against New England.  Peyton Manning , QB IND - El-Gato Updated 10/18/01 Manning did not perform well the first time he faced New England. He was intercepted by the Patriots three times, but should perform better against them at home this week.  Randy Moss , WR MIN - G money Updated 10/18/01 Moss did not participate in practice Wednesday due to his sore right ankle. He should be able to practice on Thursday and play Sunday against Green Bay, but hold off deciding on whether to use him until it's clear whether he will be able to play.  Bill Schroeder , WR GB - Starboy Updated 10/18/01 Schroeder missed practice Wednesday with an ankle injury. He is receiving treatment and should play Sunday, but monitor his progress before deciding whether to use him this week.  Terry Glenn , WR NE - Free Agent Updated 10/18/01 Glenn might have another good game this week. Indianapolis' secondary might have trouble handling Glenn, who immediately proved an early-season layoff didn't hurt him last week.  Antowain Smith , RB NE - Starboy Updated 10/18/01 Smith rushed for 94 yards and two TDs the first time he faced the Colts this year. Expect him to get in the end zone at least once this week, in his second meeting with Indianapolis.  Wayne Chrebet , WR NYJ - Kar Bombs Updated 10/18/01 Chrebet's numbers have been very disappointing so far. He could have a good week! i! f the Jets engage in a shootout with the Rams. He is still a risky start, because New York will center its gameplan around Curtis Martin.   Laveranues Coles , WR NYJ - Perrito-style Updated 10/18/01 Coles has emerged as a go-to receiver for the Jets, but might be held down by the Rams. The St. Louis defenive backs should be able to match his downfield speed.  Curtis Martin , RB NYJ - Kar Bombs Updated 10/18/01 Martin will be the focal point of the New York offense this week. The Jets will try to control the ball and the clock against the Rams.   Stephen Davis , RB WAS - Oper Error Updated 10/18/01 Davis had his first decent game of the season on Monday against Dallas, but he's still a very risky Fantasy player due to Washington's horrible offense. Facing Carolina is an advantageous matchup, however, so starting Davis this week warrants consideration.   Tony Banks , QB WAS - Free Agent Updated 10/18/01 Banks was very mediocre against Dallas on Monday night, completing 10-of-18 passes for only 132 yards and one touchdown. At this point, Banks isn't even worth a roster spot outside of deeper leagues.   Michael Westbrook , WR WAS - El-Gato Update! d ! 10/18/01 Westbrook has been less than mediocre this season, but he could have a decent outing against Carolina. He's had some success against the Panthers in the past, but he's still only worth starting in deeper leagues.   Vinny Testaverde , QB NYJ - BCWD's Updated 10/18/01 Testaverde might not be a good start this week. The St. Louis defense can be opportunistic, and could very well make the Jets QB throw his first interception of the year.  Walter Rasby , TE WAS - Free Agent Updated 10/18/01 Rasby will likely get most of the work at tight end no! w ! that Stephen Alexander is out. However, he warrants no real Fantasy consideration at this point.   Rod Gardner , WR WAS - Free Agent Updated 10/18/01 Gardner could have a decent game against a questionable Carolina secondary on Monday. He's worth considering as a starter Fantasy-wise, but only in larger leagues.   Torry Holt , WR STL - Oper Error Updated 10/18/01 Holt has the potential to post big numbers against a shaky N.Y. Jets secondary on Sunday. He's a big time Fantasy wideout and should be in your starting lineup on a weekly basis.   Isaac Bruce , WR STL - El-Gato Updated 10/18/01 Bruce hasn't been very consistent thus far, but he's far too talented to ever consider benching. Look for him to turn things around against the questionable N.Y. Jets secondary.   Ernie Conwell , TE STL - Tacos Updated 10/18/01 Conwell has become a decent tight end from a Fantasy perspective this season. He's worth staring on a weekly basis if you don't have a more reliable tight end on your roster.   Trung Canidate , RB STL - Perrito-style Updated 10/18/01 Canidate wi! ll! likely replace Marshall Faulk as St. Louis' featured back this weekend against the N.Y. Jets. He has a good knowledge of the Rams' offense and is easily worth starting this week from a Fantasy perspective.   Kurt Warner , QB STL - Hurricanes Updated 10/18/01 Considering the huge numbers he puts up on a consistent basis, Warner is a a must-start every week. He'll post another big game against the New York Jets on Sunday, so be sure to put him your lineup.   Correll Buckhalter , RB PHI - El-Gato Updated 10/18/01 Buckhalter isn't expected to start, but don't be surprised if he gets the majority of the carries on Monday night against the Giants. Coach Andy Reid will start Duce Staley in the backfield, but Buckhalter will likely be the more productiv! e ! of the two backs.   Donovan McNabb , QB PHI - Perrito-style Updated 10/18/01 McNabb is one of the top Fantasy players in the league, and is worth starting on a weekly basis. He should beat the Giants for two scores and around 275 yards on Monday night, so be sure to get him into your lineup.   Todd Pinkston , WR PHI - Kar Bombs Updated 10/18/01 Pinkston is slowly becoming one of Donovan McNabb's favorite targets this season. He's worth starting against the Giants, whose secondary is a bit suspect at this point.   Tyrone Wheatley  , RB OAK - El-Gato Updated 10/18/01 The Contra-Costa Times says Wheatley has sustained a sprained medial collateral ligament in his right knee. Although some sources say Wheatley will miss two to four weeks, Jon Gruden says Wheatley is questionable for Oct. 28, and is unaware of any prognosis beyond that.  Chad Lewis , TE PHI - Hurricanes Updated 10/18/01 Lewis will have a good shot at producing some solid Fantasy numbers on Monday against the N.Y. Giants. He's one of the league's top tight ends and should be in your starting lineup on a weekly basis.   More Updates  Transactions NFL Reports  [IMAGE]'); [IMAGE] 10/17 Chicago Bears  Signed fullback Stanley Pritchett ; released wide receiver-kick returner Glyn Milburn .   Detroit Lions  Placed wide receiver Herman Moore  on injured reserve with a torn abdomen muscle; signed linebacker Khari Samuel to the active roster and linebacker Wayne Rogers to the practice squad.   Green Bay Packers  Re-signed receiver Mike Horacek  to the practice squad; released tackle Mark Bristol from the practice squad.   New England Patriots  Signed punter Ken Walter; released linebacker Rob Holmberg.   Canadian Football League Awarded Ottawa an expansion franchise in 2002 and the Grey Cup in 2004.    10/16 Atlanta Falcons  Waived strong safety Marty Carter; signed safety Corey Hall from the practice squad; signed wide receiver  Daniel Guy  to the practice squad.  Chicago Bears  Signed quarterback Shane Matthews ; waived long snapper Ryan Benjamin.   Cincinnati Bengals  Placed cornerback Rodney Heath injured reserve list with a left hamstring injury; signed cornerback Ligarius Jennings.   Cleveland Browns  Signed defensive tackle Cedric Killings; waived defensive back Perry Phenix; claimed defensive back Brandon Jennings off waivers from the Oakland Raiders .   Denver Broncos  Signed tight end Mark Thomas  to the practice squad.   Green Bay Packers  Named John M. Jones executive vice president and chief operating officer.   Miami Dolphins  Placed defensive tackle Damian Gregory on the reserve-non-football injury list.   Minnesota Vikings  Acquired defensive back Stalin Colinet from the Cleveland Browns  for an undisclosed draft pick; waived wide receiver Nate Jacquet .   Washington Redskins  Released running back Kenny Watson  and safety Martavious Houston from the practice squad; signed cornerback Kato Serwanga.   Winnipeg Blue Bombers (CFL) Signed offensive lineman Rick  Gilliam to the practice squad.  Toronto Phantoms (Arena) Named Dave Stewart assistant general manager and assistant coach.    10/15 New England Patriots  Released punter Lee Johnson; signed defensive lineman David Nugent from the practice squad.  B.C. Lions (CFL) Received offensive lineman Angus Reid from the Montreal Alouettes as compensation for defensive lineman Adriano Belli; traded slotback Scott Robinson to the Edmonton Eskimos for future considerations; released slotback-punt returner Seneca Holmes.   Winnipeg Blue Bombers (CFL) Signed quarterback Ryan  Johnson.  New Jersey Gladiators (Arena) Named Ron James defensive coordinator.    10/14 Chicago Bears  Waived quarterback Shane Matthews ; signed long snapper Ryan Benjamin.   New England Patriots  Activated wide receiver Terry Glenn .    10/13 Green Bay Packers  Activated defensive tackle Cletidus Hunt from the reserve-suspended list; released tight end Bobby Collins .    10/12 Dallas Cowboys  Signed quarterback Ryan Leaf  to a three-year contract; waived tight end Johnny Huggins .   Chicago Rush (Arena) Announced the resignation of director of player personnel Brent Winter.   Los Angeles Avengers (Arena) Named Brent Winter assistant coach-director of player personnel.    View Transactions  [IMAGE]'); [IMAGE]View  [IMAGE]  Transactions Date Time Player Team Transaction Effective Cost!  10/18/01 5:15 PM Thomas, Anthony El-Gato Signed Week 6   10/18/01 5:15 PM Wheatley, Tyrone El-Gato Put on DL Week 6   10/18/01 5:15 PM Kinney, Erron G money Signed Week 6   10/18/01 5:15 PM Dudley, Rickey G money Released Week 6    Breakdown Schedule  [IMAGE]'); [IMAGE]Breakdown  [IMAGE]   El-Gato Player Pos Points Manning, Peyton  QB 0.0 Bettis, Jerome  RB 0.0 Buckhalter, Correll  RB 0.0 Bruce, Isaac  WR 0.0 Westbrook, Michael  WR 0.0 Wycheck, Frank  TE 0.0 Hall, John  K 0.0 Packers  DT 0.0   [IMAGE] TOTAL   0.0   [IMAGE] Janikowski, Sebastian  K 0.0 Chandler, Chris  QB 0.0 Brady, Kyle  TE 7.0 Dolphins  DT 0.0 Gary, Olandis  RB 0.0 Rice, Jerry  WR 0.0 Stokes, J.J.  WR 0.0 Thomas, Anthony  RB 0.0   [IMAGE] at God Player Pos Points Johnson, Rob  QB 17.0 Biakabutuka, Tim  RB 0.0 Jackson, James  RB 0.0 Brown, Troy  WR 0.0 Ismail, Qadry  WR 0.0 Walls, Wesley  TE 0.0 Carney, John  K 0.0 Buccaneers  DT 0.0   [IMAGE] TOTAL   17.0   [IMAGE] Vanderjagt, Mike  K 0.0 Smith, Lamar  RB 0.0 Alexander, Shaun  RB 0.0 Bills  DT 8.0 Dilger, Ken  TE 0.0 Garcia, Jeff  QB 0.0 Hakim, Az-Zahir  WR 0.0 Owens, Terrell  WR 0.0   [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


Notes for this Week's Report:

* UK Gas's Average EOL and Non-EOL deals per day have decreased since their peak of 96 EOL and 140 Non-EOL transactions in March. They ended April with an average of 81 EOL deals per day and are currently tracking at 63 transactions. Non-EOL is reporting at 61 deals per day in May.

* UK Power's average deals per day finished April with 13 EOL deals per day and is now showing 13 daily transactions in May as well, down from March's 59 EOL deals. Non-EOL's average transactions have increased, however, ending April with 180 deals per day and currently tracking 231 deals in early May.

* NA Power finished April with a new high of 559 EOL deals per day and are already tracking at 540 daily trades in May, considerably higher than the 340 average EOL transactions in January.  Non-EOL average deal count has also shown a slight increase during the same period.

* Southwest Power's EOL transactions per day has continued to increase in 2001. On average, they ended January with 26 EOL trades and now show 72 daily transactions in early May. Non-EOL transactions have slightly increased during this same period, up from 68 in January to 77 in May.

* WTI Financial's total transactions per month has decreased since it's record high 5,021 deals in February, down to 3,106 deals in April and only 1,193 trades in early May activity. Non-EOL trading has remained steady through April, but shows a decrease so far in May with only 539 transactions. WTI Physical's EOL total monthly transactions has remained steady at around 50 trades a month in 2001.

* LPG deals per month via EOL ended March and April with under 200 total monthly trades, down from a January high of 454 transactions. They currently show a total of 71 EOL deals through the first 7 trading days in May, while Non-EOL totals are also tracking lower than previous activity.

* Non-EOL Broadband trading is showing growth in May, now averaging 8 transactions per day, up from 3 in January. While Non-EOL deals per day continue to reflect a steady increase, EOL trading has recorded only 1 transaction in early May.

---------------
The following files contain a graphical view of the average deal count and volumes per month by Commodity for EOL and OTC transactions since the launch of EnronOnline. This information is for comparative analysis only.  Do not update links when opening these files.

AVERAGE DEAL COUNTS FOR COMMODITIES (excluding Global Products, which displays monthly totals)

If you have any questions regarding this breakout, please contact one of the following:

Torrey Moorer x3-6218
Matt Motsinger x3-5221
Adam Johnson x5-4877


Pauline Bothwell
4369 E. Old Myers Rd.
Bloomington, IN 47408
pbothwel@indiana.edu

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Pauline Bothwell


Please see the attached announcement.

Laurie Martin
Director of Meetings & Membership
EPSA
lmartin@epsa.org
Phone: 202-628-8200 ext. 121
Fax: 202-628-8260


Mr. Taylor:
No, lets just call it a good set of questions and end it at that.  JParks

>>> "Taylor, Michael E" <Michael.E.Taylor@ENRON.com> 09/26/01 01:25PM >>>
Jim,

Was I billed anything for this latest request?

Mike

-----Original Message-----
From: Jim Parks [mailto:JPARKS@tnrcc.state.tx.us]
Sent: Wednesday, September 26, 2001 1:08 PM
To: Taylor, Michael E
Subject: RE: TNRCC State Summary File

Mr. Taylor:
I attach the most current query from the September State Summary File.
It would be ideal if you could obtain data from the October State
Summary File because then all of the data sent to you regarding your
latest data request would be from October.

BTW, the naming convention with this data is "enronxxxx.xls" where the
x'x are the month (10 or 09) and the FY ('97, '98 '99 '00).  This file
is also in Excel v. 5 format.

Let me know if this data fits the bill.  Same billing information as
with the previous data.
Jim Parks
PH     512 239-2544
FAX   512 239-0888
jparks@tnrcc.state.tx.us

>>> "Taylor, Michael E" <Michael.E.Taylor@ENRON.com> 09/26/01 10:27AM
>>>
Jim,

Thanks for the great information.  Also, is any information available
for 2000 for any of the same account numbers?

Sincerely,
Michael Taylor
713-853-1885

-----Original Message-----
From: Jim Parks [mailto:JPARKS@tnrcc.state.tx.us]
Sent: Wednesday, September 26, 2001 10:11 AM
To: Taylor, Michael E
Subject: RE: TNRCC State Summary File

Mr. Taylor:
Here are the emissions data files from the appropriate State Summary
Files for the years 1997, 1998, 1999.  The attached files are in Excel
v. 5 format.  If Excel v. 5 format is not acceptable I will be able to
send them to you in ASCII.TXT, comma-delimited, first row of data used
as field names format.  Let me know if you want them in the latter
described format.  This data is just for the TNRCC account numbers
supplied in your request.

Please let me know if this data is acceptable.  There is no charge for
this data because it is not the entire State Summary File for each year.

I want to thank you for typing the account numbers.  This saves me
considerable typing time when setting up the queries.

If you have any questions or need additional data, you may contact me at
the locations listed below.  Thank you for the opportunity to serve your
data request.
Jim Parks
PH     512 239-2544
FAX   512 239-0888
jparks@tnrcc.state.tx.us

>>> "Taylor, Michael E" <Michael.E.Taylor@ENRON.com> 09/25/01 01:37PM
>>>
Jim,

I wanted to know how I would find this data.  I am looking for the NOx
emissions for the accounts below for 1997-2000.  I have some of the data
for 1999, and very little for 2000.  How do I find the rest of the data?
Website?  Database?  I believe you sent me the state database in August
which included some 1999 and 2000 numbers for the accounts below.  I
suppose some more accounts may have been updated for 2000.

ACCOUNT #
HG1495V
HG0071Q
GB0004L
GB0153Q
HG1174V
HG0713S
MQ0009F
HG0232Q
HG0234M
HG0228H
MQ0007J
HG0033B
HG0048L
FG0020V
GB0037T
CI0012D
HG0659W
BL0082R
BL0022M

Sincerely,
Michael Taylor
Enron Global Markets
(713) 853-1885

-----Original Message-----
From: Jim Parks [mailto:JPARKS@tnrcc.state.tx.us]
Sent: Thursday, August 23, 2001 3:48 PM
To: Taylor, Michael E
Subject: RE: TNRCC State Summary File

Mr. Taylor:
1)  The allowable data is generally unique to each permit.  Because of
this a general statement like "the allowable tons/year for SO2 in Harris
County is ......." would not be defendable or valid.
2)  I believe that the allowable data varies in relation to the season
of year and part of the state - a.k.a., "ambient background threshold".
In other words, if it is ozone season, allowable emissions probably
would be lower.
3)  The allowable emissions threshold is also variable over time.  25
years ago, Harris county probably did not need an allowable cap for
certain emissions.  As industry grows the allowable emissions will be
adjusted.  The period of time for the data to become outdated could be
as little as 1 month, depending on when new allowables or new permits
are initiated.
4)  Texas charges corporations a "tax" for emissions over their
allowable limit.  It is sort of a pay-as-you-go plan.  Of course I am
being very simplistic here, but the point is still the same.

Your questions are excellent and I am giving you as specific an answer
as possible.  I hope I am not being too pointed but to the data oriented
person, the previous points are important for data integrity.  Jim Parks

>>> "Taylor, Michael E" <Michael.E.Taylor@ENRON.com> 08/23/01 03:10PM
>>>
Jim,

Could you please explain to me where these numbers would NOT be
accurate?  I was warned that the data (allowables) would not be 100%
accurate because of certain reasons.  Can you please detail those
reasons for me?

Michael Taylor
Coal and Emissions Trading
Enron Global Markets
(713) 853-1885

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


----- Forwarded by Richard B Sanders/HOU/ECT on 08/16/2000 09:00 AM -----

	"Robert J. Madden" <Rmadden@Gibbs-Bruns.com>
	08/16/2000 08:23 AM

		 To: "'Richard B Sanders'" <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: RE: Entergy s&s

Richard:

My view is that TVA will likely use the FERC ruling to attempt to
retroactively bless their treatment of the Enron control areas last summer.
Although my understanding is that Entergy used a different method than that
employed by TVA to restrict the use of a no-load control area, TVA will
argue that the result is the same and that NERC has, thus, approved
differing treatment for load and no-load control areas.  The FERC ruling
will likely create a greater sense of unease on the part of the judge to
enforce the rules of NERC, a voluntary association, in the face of what
appears at first blush to be a contrary position taken by FERC, a federal
agency.

Bob

P.S. T.O. Helton has suggested that he sit in on the upcoming depositions of
Richard Shen and the 30(b)(6) rep. on TVA's alleged damages to get a better
feel for the case.  Please let me know your thoughts on this.

-----Original Message-----
From: Richard B Sanders [mailto:Richard.B.Sanders@enron.com]
Sent: Wednesday, August 16, 2000 8:03 AM
To: Christi L Nicolay; rmadden@Gibbs-bruns.com
Cc: Donna Fulton; Elizabeth Sager; Joe Hartsoe; Sarah Novosel
Subject: Re: Entergy s&s

If we appeal and win it will be helpful to our claim against TVA  related to
the
control area dispute. . While we have not heard it yet, TVA will argue that
although TVA did not use the same rational as Entergy to deny parking, Enron
has
no damages because of the  FERC ruling. What are our chances of winning?

 By copy of this e-mail I will ask our outside counsel, Bob Madden, to
comment
on how he thinks the FERC ruling can and will be used against us.

|--------+----------------------->
|        |          Christi L    |
|        |          Nicolay      |
|        |                       |
|        |          08/10/2000   |
|        |          04:27 PM     |
|        |                       |
|--------+----------------------->

>---------------------------------------------------------------------------
-|
  |
|
  |       To:     Joe Hartsoe/Corp/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron,|
  |       Donna Fulton/Corp/Enron@ENRON, Elizabeth Sager/HOU/ECT@ECT,
Richard B|
  |       Sanders/HOU/ECT@ECT
|
  |       cc:
|
  |       Subject:     Entergy s&s
|

>---------------------------------------------------------------------------
-|

Do you think we should appeal Entergy source and sink FERC order?  While I
think
it is a poorly written order that shows a lack of understanding of the
issue,
I'm not sure that we can win on appeal or that it is worth appealing, since
we
would not recover our damages against ComEd and TVA for this summer while
the
order is in effect.  It would be helpful next summer to be able to park in
ComEd
and TVA, since the RTOs will not be running in all likelihood.

Elizabeth/Richard -- Is there a reason in the TVA litigation  that we need
to
appeal the decision?

Otherwise, Joe, should we get Dan W. to draft a memo on chances of success
or
other reasons for filing an appeal?


I have three other contract which need to be terminated.  I have termination
letters effective October 22, 1997.  Please let me know if there are any
deals attached to these contracts before I terminate them in the system.

1.  96006408

2.  96006409

3.  96006412

Please respond as soon as possible.

Marlene Hilliard


Dave,

thanks for your help last week - everything worked out just fine and
i was able to save a bunch of data due to your efforts.

(fyi - i was logged into two machines up here and neither one of
them was rebooted when i got back - they were both locked)

Cooper


Cheryl,
Please do a legal review of this Contractor Service Contract.  The agreement
is based on the Psytech agreement which had been previously reviewed by legal.
If possible, I would like to get this turned around today.
Thanks. Sheila


THANKS T.J.

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Thursday, May 31, 2001 7:13 AM
To:	Hernandez, Juan
Subject:	FW: Real time additions

Can you help me with this information?

Thanks Tjae
 -----Original Message-----
From: 	Melodick, Kim
Sent:	Wednesday, May 30, 2001 6:00 PM
To:	Brasseaux, Ben; Black, Tamara Jae
Cc:	Palmer, Johnny
Subject:	Real time additions

Please note that as per Juan Hernandez, Andrew Greer and  Jay Michael Blaine are planning to start with the realtime group next week.  Please get with Juan to get the actual transfer date in order for preparation to occur.


Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
   Wednesday, January 23 2002 No. 910
Visit: http://www.enerfax.com/  or for Oil Prices & News http://www.enerfaxgold.com/

PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.06  |
| ANR SE                  | 2.09  |
| Carthage TG             | 2.12  |
| Chicago Citygate        | 2.14  |
| Columbia Gulf Onshore   | 2.15  |
| Dominion South Point    | 2.27  |
| Henry Hub               | 2.18  |
| Houston Ship Channel    | 2.20  |
| Katy Hub                | 2.14  |
| NGPL LA Pool            | 2.08  |
| NGPL - Midcontinent     | 2.04  |
| NGPL STX                | 2.07  |
| NGPL TX/OK              | 2.08  |
| NNG Demarc.             | 2.10  |
| Niagara                 | 2.34  |
| Sonat Tier 1            | 2.14  |
| TCO IPP Pool            | 2.25  |
| Tetco ELa               | 2.14  |
| Tetco M-3               | 2.45  |
| Tetco STX               | 2.08  |
| TGP Zone 0              | 2.07  |
| TGP Zone 1 (500 Leg)    | 2.12  |
| TGT Zone SL             | 2.15  |
| New York Citygate       | 2.52  |
| Transco Station 65      | 2.22  |
| Transco Zone 6 (NY)     | 2.52  |
| Trunk ELa               | 2.10  |
| Western Region
| California Border       | 2.16  |
| El Paso Keystone        | 2.04  |
| El Paso San Juan-Blanco | 2.03  |
| Waha Hub                | 2.06  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 3.02  |
| Dawn Hub/Union          | 2.24  |
| Northwest Stanfield     | 2.09  |
| Wyoming Pool            | 1.96  |
| Opal                    | 1.98  |
| PGT-Malin               | 2.14  |
| Sumas                   | 2.07  |
Flow Date 1/23
-------------------------------------------------------------
NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.4628 -0.0708
18 Month Strip  2.6023 -0.0552
| Month | High  |  Low  | Close | Change |
| FEB   | 2.130 | 2.113 | 2.106 | -0.130 |
| MAR   | 2.138 | 2.121 | 2.118 | -0.118 |
| APR   | 2.195 | 2.182 | 2.178 | -0.101 |
| MAY   | 2.298 | 2.274 | 2.270 | -0.082 |
| JUN   | 2.360 | 2.345 | 2.338 | -0.074 |
| JUL   | 2.440 | 2.410 | 2.413 | -0.067 |
| AUG   | 2.495 | 2.460 | 2.461 | -0.065 |
| SEP   | 2.505 | 2.470 | 2.473 | -0.056 |
| OCT   | 2.530 | 2.530 | 2.503 | -0.049 |
| NOV   | 2.750 | 2.720 | 2.728 | -0.044 |
| DEC   | 2.955 | 2.920 | 2.938 | -0.034 |
| JAN   | 3.055 | 3.000 | 3.028 | -0.029 |
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Natural Gas Futures Driven Lower by Lack of Fundamentals

Natural gas for February delivery on the NYMEX tumbled $0.13 to $2.106 per MMBtu yesterday on mild weather and a continuing huge storage inventory. The March contract lost $0.118 to $2.118 per MMBtu. Contracts were in contango with each succeeding month more expensive than the prior month. There's a lack of support across the board. Cash prices will likely weaken more by the weekend ahead of next Tuesday's February contract expiration with forecasts again predicting above normal temperatures for the next two weeks across most of the nation. A general lack of fundamentals and technical weakness should pressure the market below $2 soon. This weeks AGA storage report is expected to show a 130  140 Bcf withdrawal. Anything less and the market could looking at $1.70 per MMBtu by expiration. As storage operators face requirements to release volumes out of storage, that extra gas hitting the market could force prices down quickly. Natural gas for next day delivery across the US! and Canada was generally $0.20  $0.40 lower yesterday. Natural gas for next day delivery at the Henry hub lost $0.23 to $2.18 per MMBtu.
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Today's Power Bulletins
* In Case Brought by United States Enrichment, International Trade Commission Approves Import Duties of 2.26% on More than $200 million of Enriched Uranium from Britain, Germany and Netherlands
* Senator John Kerry Scheduled to Deliver Speech on Energy to Center for National Policy Today
* Greenlight Power Technologies Launches 5th Generation Fuel Cell Test Station
* AEPs Yearly Earnings Climb 26% Despite Weak Economy and Mild Weather in 4th Quarter
* Pacific Gas and Electric Tells Federal Judge California Should Allow It to Bypass State Laws to Get Out of $13.2 Billion Bankruptcy
* Western Spot Power Prices Fall on Weather Related Demand
* Northeast Spot Power Prices Slump Amid Warm Weather Forecast
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 Unocal Finds New Alaska Natural Gas Reservoir

Unocal has discovered a new natural gas reservoir on Alaskas Kenai peninsula which is expected to yield significant natural gas reserves. The test well had a 39-foot pay interval yielded restricted flow rates of up to 11.2 MMcf per day. The Grassim Oskolkoff 1 well, located 35 miles south of Kenai, Alaska, is operated under a joint operating agreement between Unocal and Marathon Oil. Unocal owns 40% working interest in the well and the surrounding 25,000 acre exploration area, and Marathon owns the remainder Unocal has also begun a separate 3-well exploration program on the southern Kenai Peninsula. Unocal and Marathon have formed Kenai Kachemak Pipeline to build a natural gas pipeline that will connect the new producing area with the existing south central Alaska pipeline system.
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-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   25,464
02MAR    8,953
02APR    5,940
02MAY    1,888
02JUN    2,562
02JLY    2,069
02AUG    2,513
02SEP    1,092
02OCT    2,242
02NOV      907
02DEC    1,534
03JAN    1,307
03FEB      421
03MAR    1,240
03APR      436
03MAY       30
03JUN      111
03JLY        4
03AUG        7
03SEP       11
03OCT        8
03NOV        7
03DEC        6
04JAN      105
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Enrons Assets Being Sold Off

Now that Enron's energy trading business, which produced about 90% of the its $100 billion of sales in 2000, has been sold to UBS for no cash and a share of future profits, the rest of the companys assets are being sold off to pay creditors a small portion of over $40 billion that they are owed. Although company officials have said they are committed to keeping the core intact, it is slowly being dismembered and there may be little left to reorganize. Enron claimed assets of more than $50 billion in its bankruptcy filing, but they may actually bring much less when sold. The commodity trades and derivative contracts that Enron entered into before filing for bankruptcy were estimated to be worth up to $8 billion last month, but now it says the about 700 open position are worth about $1.3 billion. It is seeking court permission to settle the contracts to raise cash. Since it collapsed, Enron has sold about $520 million of contracts and assets and lost control of its $2.7 bi! llion Northern Natural Gas Pipeline, but is contesting Dynegy's rights to the pipeline. As part of its plans to emerge from bankruptcy, Enron wants to place litigation against it in a trust and raise between $4 - $6 billion by selling assets in Latin America and Asia. Centrica Plc has agreed to buy Enron's UK energy supply business for $137.1 million and Kinder Morgan plans to buy Enron's share in a natural gas pipeline for $68 million. AEP has purchased wind generators in Texas from Enron for $175 million. Enron could also ask the bankruptcy judge to allow the $2.98 billion sale of its Portland General Electric utility to Northwest Natural Gas. It also hopes to sell other businesses, including the Wessex water utility in Britain. Currently Enron's most valuable asset is Transwestern Pipeline, which is worth about $1.2 billion, and might get creditors $640 million after paying off about $560 million in debt.
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PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 18.50 | 17.50 |  18.00  |
| ECAR       | 20.50 | 17.00 |  18.75  |
| ERCOT      | 17.55 | 17.00 |  17.30  |
| Entergy    | 19.00 | 17.85 |  18.00  |
| TVA        | 23.75 | 21.95 |  22.50  |
| ComEd      | 19.00 | 17.00 |  18.60  |
| Nepool     | 28.00 | 27.25 |  27.75  |
| PJM West   | 23.50 | 22.40 |  22.55  |
| Main       | 19.00 | 15.00 |  18.20  |
| MAPP       | 22.00 | 19.00 |  20.35  |
| Palo Verde | 23.50 | 21.50 |  22.45  |
| Mid C      | 19.00 | 18.50 |  18.80  |
| COB        | 21.50 | 21.00 |  21.30  |
| 4 Corners  | 22.00 | 20.50 |  21.45  |
| Mead       | 24.00 | 21.50 |  22.35  |
| NP 15      | 23.75 | 22.50 |  22.95  |
| SP 15      | 24.00 | 22.15 |  23.05  |
Power Delivered 1/23
-------------------------------------------------------------

Virginia Wants FERC to Rethink RTOs

The Virginia State Corporation Commission claims none of the existing regional transmission organizations currently proposed for the Mid-Atlantic and Northeast will provide significant benefits for the state, and has told the FERC to reassess the RTO landscape. Meanwhile, on Northeastern RTO formation, most states are urging the FERC to maintain the status quo and focus on incorporating market standards rather than require a single RTO to cover the entire region. The Virginia SCC says its location, bordering the Mid-Atlantic, Southeast and Midwest, puts them in a delicate situation in relation to the RTO question.
-------------------------------------------------------------

Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra Energy
Resources announce Open Season for proposed Desert Crossing Gas Storage and
Transportation System. Open Season for customers interested in capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For information,
visit http://www.desert-crossing.com
-------------------------------------------------------------

Todays Gas Bulletins
* Congress Gears Up for High-Profile Enron Hearings
* Enron Says It Ordered All Staff to Preserve All Papers
* Federal Court to Hear Arguments Today Regarding Destruction of Enron-Related
Documents in Response to Amalgamated Bank's Request to Discover How and Why Andersen Destroyed Documents
* Enron Europe Creditors Face $900 Million Trading Loss
* Dynegy Elects Glenn Tilton and John Watson to Board of Directors
* CES International CEO Dave Jones to Speak Tomorrow Hotel at JP Morgan H&Q Energy Technology Conference at New York Palace Hotel
* NuWay Energy to Acquire Mendell Energy Technologies, Including 95,000 Acres of Leases in Montana
* Kerr-McGee Replaces 490% of 2001 Oil and Natural Gas Production
------------------------------------------------------------

Enron's Dabhol Project Nears Auction Block

Lenders to Enrons $2.9 billion Dabhol Power in India are set to put it on the auction block, with 6 major companies likely to express interest. The plant has been idle since last June after a dispute over the cost of the power for its sole customer, the Maharashtra State Electricity Board. Due diligence is expected to begin early next month, with a possible deadline of the middle of March for submitting offers. Interested foreign companies are Shell, TotalFinaElf and Gaz de France. Potential Indian buyers are BSES Ltd, Tata Power and Gas Authority of India. Publicity which focused on Enron's problems in India has given the country's image a black eye as a safe place to invest. Some in India claim that Enron coerced and hoodwinked a freshly elected state government into signing off on a power project it had previously tried to stop. The World Bank, which refused to fund the project, said it was too large, too costly and the terms were slanted in Enrons favor. Maharashtras! demand for energy did not rise as expected and meanwhile, the devaluation of the Indian rupee and climbing prices for naphtha raised the price of power production. Enron owns 65% of the Dabhol project, GE and Bechtel each own 10% and the Maharashtra State Electricity Board 15%. Those interested in acquiring the plant must put up a non-refundable $100,000 in earnest money. The sellers intend to sell the plant as a whole, but bidders may bid jointly for the operation and split it up later. A London data room will be established for the commercial and financial agreements, operating and historical data, projections and information on the status of Phase II. Construction on the 1,444 MW second phase was stopped when the state electricity board fell $240 million behind in payments. The 740 MW first phase was launched in 1999.
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Debt Rating Agencies Considering Reforms

Following complaints by investors, analysts and lawmakers that Moody's, S?and Fitch were too slow to downgrade Enron, the credit agencies have all said they are considering reforms that would speed up their review process for altering a company's ratings. The changes could lead ratings to become more volatile and affect stock and bond prices. It could also raise the cost of  borrowing for companies that need cash. Fitch and Moodys have said they may eliminate outlooks, meant to be a guideline of a rating's possible future direction. There will now be more rating changes that are multiple notches and corporate ratings will become more volatile and lower than they have been over the last decade. The agencies have already changed their criteria for the assessment of a companys ratings. All are taking a closer look at rating triggers and a companys ability to raise needed cash. This month, the agencies downgraded Kmart, which has now filed for bankruptcy, several notches i! n a matter of days. Moodys rated Kmarts debt as investment-grade a little more than a month ago. Moody's put Calpine on review for only one day before lowering its debt rating. It also kept Ford on review for only 5 days before downgrading its debt. The effects of the Enron collapse could hurt other companies facing a cash crunch by subjecting them to more stringent scrutiny. S?said it is focusing more on movement in a companys stock and bond prices.
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PanCanadian to Spend C$1.7 Billion This Year

PanCanadian Energy plans to spend C$1.7 billion in 2002 to increase both its natural gas production and proven oil reserves by 10%. About 70% of the expenditures will be directed at natural gas projects with C$430 million spent on prospects in Canada's East Coast offshore region, the deepwater Gulf of Mexico and the North Sea. PanCanadian plans to drill 1,800 wells this year, down from about 2,150 in 2001. Last had major offshore and international exploration successes, with preliminary results showing that it replaced about 170% of production. Oil production is expected to decline by 5% year over year, although phase one work on the Christina Lake oil sands project will be completed early this year, and has the potential to add significant reserves and production in the medium term. PanCanadian also is evaluating production options with its partners at its Buzzard oil project in the North Sea. PanCanadians share of the discovery is more than 180 million barrels of recov! erable crude oil.
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change |
| FEB   |  21.25  | +0.00  |  22.95  | +0.00  |
| MAR   |  18.50  | +0.00  |  22.60  | +0.00  |
| APR   |  20.00  | +0.00  |  23.75  | +0.00  |
| MAY   |  18.25  | +0.00  |  24.75  | +0.00  |
| JUN   |  20.00  | +0.00  |  28.75  | +0.00  |
| JUL   |  29.50  | +0.00  |  38.25  | +0.00  |
| AUG   |  40.00  | +0.00  |  43.50  | +0.00  |
| SEP   |  34.00  | +0.00  |  33.25  | +0.00  |
| OCT   |  28.00  | +0.00  |  27.00  | +0.00  |
| NOV   |  27.50  | +0.00  |  26.00  | +0.00  |
| DEC   |  28.50  | +0.00  |  26.50  | +0.00  |
| JAN   |  28.50  | +0.00  |  28.00  | +0.00  |
| Month | Entergy | Change | Cinergy | Change |
| FEB   |  18.65  | +0.00  |  19.55  | +0.00  |
| MAR   |  19.50  | +0.00  |  20.80  | +0.00  |
| APR   |  19.50  | +0.00  |  20.80  | +0.00  |
| MAY   |  22.75  | +0.00  |  24.70  | +0.00  |
| JUN   |  22.70  | +0.00  |  29.15  | +0.00  |
| JUL   |  34.00  | +0.00  |  37.30  | +0.00  |
| AUG   |  34.00  | +0.00  |  37.30  | +0.00  |
| SEP   |  21.60  | +0.00  |  22.25  | +0.00  |
| OCT   |  21.30  | +0.00  |  21.85  | +0.00  |
| NOV   |  21.30  | +0.00  |  21.85  | +0.00  |
| DEC   |  21.30  | +0.00  |  21.85  | +0.00  |
| JAN   |  24.00  | +0.00  |  25.00  | +0.00  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 23.65 | +0.00  |
| MAR   | 23.85 | +0.00  |
| APR   | 23.85 | +0.00  |
| MAY   | 27.00 | +0.00  |
| JUN   | 33.50 | +0.00  |
| JUL   | 44.25 | +0.00  |
| AUG   | 44.25 | +0.00  |
| SEP   | 24.70 | +0.00  |
| OCT   | 24.70 | +0.00  |
| NOV   | 24.70 | +0.00  |
| DEC   | 24.70 | +0.00  |
| JAN   | 28.05 | +0.00  |
-------------------------------------------------------------

PNM Plans to Retire Transmission Line Debt

Public Service Company of New Mexico has asked the New Mexico Public Regulation Commission for authority to enter into a transaction that would cause the retirement of $27 million of Secured Facility Bonds due 2012. The proposed transaction will reduce PNM's long-term debt and give the company majority ownership of the 216-mile long Eastern Interconnection Project line, which connects PNM and the Western US with the West Texas electrical grid. PNM entered into a sale-leaseback arrangement in 1985 that allowed the company to levelize the EIP's cost to PNM and its customers over the lease period. The proposal would result in the redemption on April 1, 2002 of the Secured Facility Bonds at a price of $1054.30 per $1000 principal plus accrued interest to April 1, 2002.
-------------------------------------------------------------

Energy Seminars, Inc. Announces Key Seminar Offerings for January:
Energy Seminars will be going to Florida and Calgary in 2002!

Click to http://www.energyseminars.com  to see our 2002 schedule.
Register on-line at http://www.energyseminars.com  or call Registrar Gina Patrick
Phone: 281-362-7979
FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

House Energy Committee to Subpoena Andersen Executives

The House of Representatives Energy and Commerce Committee will subpoena four former and current executives of Andersen to appear at a hearing on the accounting firm's role in the Enron fiasco. The four to be subpoenaed are: CEO Joseph Berardino, fired Andersen partner David Duncan, and managers Michael Odom and Nancy Temple. The oversight and investigations subcommittee of the Energy Committee has scheduled hearings for tomorrow. The full committee has also scheduled a hearing for next week. Opening remarks will be made on January 29th, with a full committee hearing to follow on January 30th.
-------------------------------------------------------------
                Progas Storage Services, Inc
Was recently organized to offer specialized natural gas storage services to marketers and end users servicing the upper Midwest and Northeast market regions along the major transmission systems in Indiana, Illinois, Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity which will offer service along TXG, ANR, Midwestern, and is currently evaluating for purchase another 21 bcf of potential working capacity which can be serviced by these and other systems in the region. PGSMI also explores for natural gas in the Gulf Coast region through a wholly owned subsidiary. Progas intends to go public through a route of private industry offerings, and an IPO or registration. For more information on services or the company mail to: gastorage@aol.com or for AOL mail to gastorage@aol.com ;
The company's executive and administrative office is located in Abilene, Texas with storage operations in Owensboro, KY and exploration operations in Corpus Christi, TX.
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-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 slid 23.56 points to 7559.29
The CRB Index dropped 0.98 points to 189.09
The US Dollar increased 0.06 points to 117.57
The Dow declined 58.05 points to 9713.80
The S?500 fell 8.27 points to 1119.31
The Nasdaq was down 47.81 points to 1882.53
February NYMEX Crude Oil rose 0.34 to 18.34
Canadian-US Exchange dipped 0.0049 to 1.6083
-------------------------------------------------------------
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Please welcome our advertisers by visiting these websites.http://www.e-acumen.com http://www.kwi.com/ http://www.fea.com/ http://www.caminus.com/ http://www.progas.net/wip http://www.ziffenergyconferences.com/ http://www.energyseminars.com http://www.desert-crossing.com http://www.epis.com http://www.rwbeck.com  http://www.NewEnergyAssoc.com
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service .


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

----- Forwarded by Debra Perlingiere/HOU/ECT on 02/09/2001 05:37 PM -----

	Russell Diamond
	02/09/2001 03:26 PM

		 To: Carol St Clair/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT, Brant
Reves/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron
		 cc: Sylvia S Pollan/HOU/ECT@ECT
		 Subject: EnergyOne Ventures LP

To All:

Please provide myself and Sylvia updates on the ISDA and Master Firm Purchase
Sale contract negotiation with EnergyOne Ventures LP.  Sylvia is looking to
transact with this counterparty and they are willing to sign our contracts.

Thanks
Russell


What's your fax number?

 -----Original Message-----
From: 	Belden, Tim
Sent:	Wednesday, October 24, 2001 8:39 AM
To:	Dasovich, Jeff
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

I don't understand the netting that you are referring to.  Does it mean that they will pay negative ctc's up to some just and reasonable amount and anything above the j&r level will be paid out when all of the other people are paid.  How do they define the "ESP's share of the undercollection?"

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October 23, 2001 3:02 PM
To:	Shapiro, Richard; Steffes, James D.; Mellencamp, Lisa; Tribolet, Michael; Sanders, Richard B.; Kean, Steven J.; Sharp, Vicki; Smith, Mike; Williams, Robert C.; Curry, Wanda; Swain, Steve; Huddleson, Diann; Calger, Christopher F.; Belden, Tim; Dietrich, Janet
Subject:	Conversation with Edison re: Getting Negative CTC Paid

I talked to John Fielder (SVP Edison) about setting up a meeting for Barry Tycholiz with Edison's CFO about hedging Edison's QF price risk. Fielder wanted to talk about the negative CTC issue. Here's what he said:

They plan to "settle" with the ESPs and pay them when they pay everyone else, which he re-iterated would be sometime in Q1'02.
Edison is holding firm to the notion that the negative CTC contributed to the utility's undercollection and that the ESP's share of the undercollection has to be netted against the payables attributable to the negative CTC and owed the ESP.
He said that they will propose to net it out in one of two ways:  1) lump sum netting (i.e., if they owe $50MM and the share of the undercollection is $30 MM, then they pay the ESP $20 MM; or 2) future reductions in PX Credit (i.e., they pay the ESP $50 MM, and then reduce the PX going forward until the $30 MM is paid down).  The numbers are illustrative only.
In addition, he said that they have the view that a decision is going to have to be made about 1) whether DA customers pay for stranded costs tied to the DWR L-T contracts, and 2) whether DA customers pay going forward for stranded costs tied to the QF contracts.  (Edison is clearly lobbying the PUC to get DA customers to pay for these costs.)
I recommended strongly that he de-link issues 1 and 2 above from the issue of paying us ASAP what they owe us for negative CTC.  He agreed.
He said that the PUC judge's recently issued pre-hearing conference order requires that Edison "meet and confer" with ESPs prior to the Nov. 7th hearing, and that Edison intends to set something up with ESPs prior to that hearing.
Fielder is also the point person on "getting ESPs paid" and intends to initiate settlement discussions with ESPs week after next.
It was very clear from the conversation that Edison is going to do everything possible (at the expense of creditors) to maximize headroom under the settlement it struck with the PUC a few weeks ago.  Edison's stalemate with the QFs is evidence of it.  We shouldn't assume anything different with the Negative CTC issue.

If you have any questions, let us know.

Best,
Jeff


We have received the following executed Master Agreement:

Type of Contract:  ISDA Master Agreement ( Multicurrency-Cross Border)

Effective Date:   June 28, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   HS Energy Services, Inc.

Transactions Covered:  Approved for all products except:   pulp and paper and
foreign exchange

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490


Cheryl,

They were changed when I sent you the e-mail.

Thanks

	Enron North America Corp.

	From:  Cheryl Luster                           02/08/2001 01:45 PM

To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Re: EOL deals for Utilicorp

Kim Theriot asked me to make sure that these EOL deals are changed in TAGG.
(Deals listed below.)
Please let me know when they are completed.

Thanks.
Cheryl
x. 54774

Errol McLaughlin
02/07/2001 10:22 AM
To: Cheryl Luster/NA/Enron@ENRON
cc: Rebecca Ford/HOU/ECT@ECT

Subject: Re: EOL deals for Utilicorp

The ordeal is finally over!  These deals are to be settled as NYMEX swaps.

Thanks,

Errol

	Enron North America Corp.

	From:  Cheryl Luster                           02/07/2001 08:57 AM

To: errol.mclaughlin@enron, Rebecca Ford/HOU/ECT@ECT
cc: Rebecca Ford/HOU/ECT@ECT

Subject: EOL deals for Utilicorp

The deals listed below are the EOL trades for Utilicorp.  Please confrim how
they are to be settled:  Nymex or Gas Daily.

DEAL   EOL
QC9328.1 636830
QC9188.1 636673
QC9190.1 636675
QC9223.1 636710
QC9248.1 636725
QC9254.1 636730
QF1532.1 668213

Thank you.
Cheryl
x. 54774


Gerald, could you give me the name and phone number of the woman who cleans
your house? We're going to hire her if she's available. Sorry we didn't
show up at the GK. Eric was lame and wanted to go home. Was it fun? Do you
have a football game to go to this weekend? Talk to you soon.

jenn


I'll do my darnedest.  Is Jan handling this poorly or well?


-----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, February 05, 2002 9:22 AM
To:	Vuittonet, Laura; Rangel, Ina; Young, Becky; Hogan, Irena D.
Subject:	RE: Fundamentals Presentation

This meeting has been changed to Thursday, Feb 7th from 2-4 p.m.  It will be held in the same conference room (ECS06990).

Thanks,
Amanda


More questions:

We have two different levels of guarantee values.  We have the specific
performance levels, which if not met can result in termination, etc.  This
includes emissions, electrical output, heat rate, water (consumption and
discharge).  Will all of these have  more stringent guaranteed levels that
FCE will have to work to try to fix?  I'm assuming there are no sound
issues.

Thanks again,

Kay


- 101_126PIP_Language.zip


CALENDAR ENTRY:	APPOINTMENT

Description:
	Tammy Hopkins/GISB ETS Update Mtg. conference room 47C1

Date:		12/11/2000
Time:		3:00 PM - 4:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Chris, when did BP Amoco get involved?  I thought we were dealing with Avista.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/15/2000
09:57 AM ---------------------------

Christopher F Calger
05/13/2000 02:29 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Deal Update

Dave,

Update from Friday Afternoon:

Coyote:  Avista Board approved a 50% equity investment in Coyote Springs II
and publicly announced their intention to move forward.  Their equity
partner, BP Amoco, indicated that they need 30 more days to "get comfortable
with the market".  This thirty day period coincides with the expected
financial close of June 15 so it may just be posturing to let us know that
they are not committed until the deal actually closes.  Nevertheless, we
(Avista and Enron) will pursue fallback investors that have already seen the
project and previously expressed interest in a 50% share.  In parallel, we
will try to get BP Amoco "comfortable".  It might make sense to consider
someone else that can move quickly.  Deal probability drops from 80% to 50%.

LVCogen:  Vickers and Gilbert met with Sierra Pacific and confirmed their
interest in and ability to effect a restructuring of the PPA.  Although
timing of "securitization" is open-ended, Sierra has agreed to a contract
valuation that supports a valuation uplift of $10MM - $14MM.  If we assume a
40%-50% probability of restructuring, we get to the hotlisted $5MM gain for
QII.   Attached is a spreadsheet that shows the breakup value of LVCogen.
CTG and Power Structuring are finalizing the RAC models that support this
approach.

Regards,

Chris


Steve,  Attached is the confidentiality agreement.


Attached is the one crude trade between the 2 companies:
(See attached file: Enron crude trades.xls)

 - Enron crude trades.xls


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