ADMINISTRATIVE

Evaluation of Support Requirements - Donnie Willmann, Bill Curra and Edgar
Zuleta completed an evaluation of support requirements for the Caribbean and
Latin America that includes both continuous support activities and special
projects for 2001.  This will be presented to Mike Terraso.

EHS Corporate Operations Monthly Report - The February 2001 Monthly Report
was completed and submitted to Mike Terraso.

EUROPE

Nederlands, Enron Wind - Alan Stringer reviewed monitoring data from soil and
groundwater investigation.  Identified that no further actions was required
in terms of soil and groundwater contamination.  He is also finalizing the
EHS up-grade requirements to meet local laws and regulations, using local EHS
management from Enron Wind in Nederlands and Germany to gather costs.  Will
produce final report by March 19th.  Report will provide details on needs,
who will be responsible for the tasks and costs.

All Assets - Alan Stringer and Bal Wong reviewed and submitted February 2001
EHS Performance Report to Houston.

ENRON GLOBAL ASSETS
(Central America, South America, India and Asia)

Panama, Bahia Las Minas (BLM) Stack Testing -  currently scheduled for mid
April, 2001.

Puerto Rico, San Juan Gas Remediation Project - Donnie Willmann and Bill
Curra participated in a weekly conference call with project team members to
discuss project status.   The agency approval of the Feasibility Study (FS)
is causing delays in obtaining the permits.  The agency was provided with the
FS in October, 2000.  San Juan Gas personnel are following up daily with the
agency about formal written approval. Approval would allow remediation to
begin.   Efforts continue to procure access agreements on adjoining property.

Bolivia, Transredes and GasOriente Boliviano - - Edgar Zuleta completed the
Crisis Management Plan.  A draft version was submitted for review to
Transredes and GasOriente Boliviano management.

EHS Performance Data - Edgar Zuleta revised the February 2001 EHS performance
data for Cuiaba and Transredes and submitted it to Gavin Dillingham to update
database. Also, Edgar requested missing EHS performance data for remaining
South America assets.

India, Dabhol Power Company  -  Alan Stringer is scheduled to participate
March 19 - 30 in an environmental audit at Dabhol Power Plant.

Guam, Marianas Energy Company - Bal Wong conducted a 1 hour training on Lock
Out/Tag Out (LOTO) Program.  Annual LOTO review lessons learned were
reviewed.  Bal reviewed and commented on the Continuous Emission Monitoring
Relative Accuracy Test Audit (RATA) test procedure.  The test will be
conducted on March 20 - 21, 2001.   The procedure was submitted to Guam EPA.
He also began the review of the Marianas Power Plant Crisis Management Plan.

ENRON ENERGY SERVICES

EES - Distributed Power Generation ) Gus Eghneim is continuing to provide
permitting support to the distributed power generation team.  Several
generation facilities are planned for year 2001.

Alabama, Mobile Energy Services Company ) Scott Watson has been coordinating
the implementation of  the EHS Transition Plan he prepared.   Also he will
conduct an EHS Audit at this facility the week of March 25th, 2001.   Ramiro
Garcia and Gus Eghneim are developing an environmental compliance Manual for
Mobile Energy Services.   This manual is based on the review of facility
environmental documents and permits.

Massachusetts, New Albany Power - Gus Eghneim is working to resolve the
environmental issues identified in the plant's 2000 audit report.   All, but
two issues will be resolved by March 26th, 2001. The work involves finalizing
the plant's environmental compliance manual.

Enron EHS Statistics Report ) Scott Watson updated the database reports for
Garden State and Daishowa Paper Mills.   Both facilities are under Enron
Industrial Makerts.

Eli Lilly Project )  Scott Watson, Henry Van and Bill Curra are preparing the
EHS Policies and Procedures Manuals and Training Program.  The Eli Lilly
account includes utility delivery service for 5 facilities.

GLOBAL INDUSTRIAL MARKETS

Quebec, Canada, Daishowa Pulp & Paper Co. ) Scott Watson and Gus Eghneim
prepared the EHS Audit Report (audit conducted Feb. 27 March 2).  The report
was submitted to the Transition Team.   Both participated in a Transition
Team meeting to discussed audit findings.

ENRON AMERICAS

Michigan, White Pine Energy, Ada Cogeneration Plant ) The U.S. EPA included
Ada Cogen Plant in its Section 126 rulemaking, adopted in January 2000.  This
rulemaking established emission limits for electric generation plants in 12
states in the North East. The EPA also included Ada Cogen Plant on the list
of plants required to reduce emissions under the EPA SIP call.  The Illinois
EPA is currently developing regulations to comply with the EPA SIP Call
requirements.  Under the Section 126 rulemaking and the proposed Illinois,s
SIP call regulations, Ada Cogen Plant  will be required to install Selective
Catalytic Reduction (SCR) by 2003 to meet stringent NOx emission limits.  At
an estimated capital cost of $5 million and an O&M cost of $500,000 per year,
the plant may be forced to shut down.

Gus Eghneim filed a petition with the U.S. EPA to exclude Ada Cogen Plant
from the Section 126 rulemaking.  The size of the plant and its operating
history were used as justification for the exemption.  If and when this
petition is approved, Gus Eghneim will file a similar petition with the
Illinois EPA to exclude Ada Cogen from the SIP Call Rulemaking.  A meeting
with the U.S. EPA will be scheduled in the next two weeks to discuss the
petition.

CAPITAL PROJECTS

Bahamas LNG (Project Calypso) - Don Stevens visited the proposed project site
in the Bahamas this week for purposes of conducting a limited Phase I
assessment of the property and projecting potential clean-up costs for
contamination.  Project developers will use the information to negotiate with
the seller, with the intent that the seller remediate the property before
Enron purchases it.

DEPARTMENT PROJECTS

Telework/NEPI Program ) Gavin Dillingham is meeting with HR Work Perks, Sally
Alvarez and Sarah Davis and NEPI,s Elham Shirazi concerning teleworking at
Enron. The meeting is to help familiarize Enron Work Perks with the current
telework pilot program that NEPI and HGAC is launching in the Houston area
and to see if Enron would like to participate in such a program. The
consulting to develop a telework program is provided as a free service
through federal government funding and HGAC and NEPI have been given the
federal funding.

Asset/Project Tracking Database -. Gavin Dillingham is currently enhancing
the Asset Tracking Database to include more information. The information
fields that are being added will track power plant capacity, liability
concerns, costs, operator, % ENE owned, actions and costs.

Sustainability Indicators and Benchmarking- Gavin Dillingham is currently
working with Lauren Iannarone in determining what
Sustainable/Environmental/Social indices Enron should work to be listed on.
They have just completed the initial stage of the project by determining the
benchmarks and indicators that Enron should follow to be considered a
responsible corporate citizen.

Conservation International Biodiversity Forum - Susan Worthen and Catherine
McKalip-Thompson are drafting an outline for "Making the Business Case" for
discussion with their workgroups.  It is intended to offer tools for various
stakeholders to use to assess the qualitative and quantitative value and risk
associated with incorporating biodiversity into oil and gas development.

Corporate Responsibility on the Internet Site - Susan Worthen is working with
Lauren Iannarone on the development/organization of a section on the Enron
web site for corporate responsibility.  Lauren is coordinating a meeting with
HR, Community Relations, Brandon Rigney, and me for the week of 03/26 to
outline content, etc.  Investor Relations has also expressed an interest in
linking to the corporate responsibility section or having it reside under
their section.

VOLUNTEER ACTIVITIES/COMMUNITY RELATIONS

Enron Earth Day Festival ) Gavin Dillingham had a meeting with Trash Bash
yesterday and today to discuss the bayou cleanup challenge coming up on March
31st. Currently, there is a committee that is looking for volunteers and is
coordinating the logistics of the clean up.  Our corporate challenge partners
have committed between 130 - 150 volunteers.

REGULATORY TECHNICAL ANALYSIS

Greenhouse Gas Technology Conference - Marc Phillips presented information at
a Greenhouse Gas Technology Conference on the methane reductions documented
by ETS under the EPA Natural Gas STAR Program and their potential use as
emission reduction credits.

Texas Grandfather Legislation - Marc Phillips has prepared cost estimates on
the impact of the Texas grandfather legislation on the pipeline industry and
ETS facilities and is participating in conference calls with industry groups
to present an industry position on the legislation.

ANSI's Proposed Z365 Standard for Ergonomics - Russell Tucker worked on the
API task force to assemble comments for the second public comment period for
the Z365 proposed ANSI standard. Addressing concerns in this proposed
standard has become more important in view of the demise of OSHA's ergonomics
final rule.

Participation in Bureau of Labor Statistics (BLS) Survey - Russell Tucker has
established the process and information links necessary to record the weekly
data requested by the U.S. Department of Labor, BLS, for a survey of
occupational injuries and illnesses during 2001 for the ECT Strategic Value
Corp. A final report is due this Agency in January 2002.

ADVOCACY COORDINATION & COMMERCIAL SUPPORT

Air Quality/Multipollutant Strategy -- Carbon Dioxide Regulation -  Jeff
Keeler coordinated Enron's involvement in activities surrounding President
Bush's statement (in a letter to several Senators) that mandatory caps on CO2
emissions should not be included in any multipollutant approaches for the
power sector.  Jeff maintained communications with EPA, White House, and
congressional contacts on the subject, and advised our "Clean Power Group"
coalition and congressional staff on possible responses and future
strategies.  Jeff is working closely with Senate Environment Committee staff
to craft legislation that will still move forward on NOx, SO2 and mercury
while continuing to look at meaningful approaches to carbon reduction.

EPA Appointments - Jeff Keeler worked on gathering information and vetting
candidates withing Enron on two EPA appointments critical to Enron businesses
-- EPA Asst. Administrator for Air and Radiation and EPA Region 9
Administrator.   Final recommendations are being prepared for Enron to
communicate to the White House.

California Energy Crisis & Environmental Regulation -  ESG continued its
leadership in providing intelligence and analysis to commercial and
government affairs groups on environmental policy activities affecting the
California crisis.
Mary Schoen produced analysis of new California bills and executive actions
affecting permitting and environmental regulation of power generation
sources, and provided feedback to Enron commercial groups, government affairs
and regulators.  Mary also worked on further analysis of actions being taken
by state CARB officials and local authorities in the SCAQMD to potentially
revise air quality programs.
Stacey Bolton worked w/Janel Guererro and the California Crisis Team on
opportunities to enhance Enron's California messages with Enron's green
messaging and environmental business opportunities.

Trading Market Development - Stacey Bolton continued her leadership in
developing market-based systems for trading renewable energy credits:
PJM: Drafted a "strawman" detailing a credit trading program to submit to
PJM, asking them to form a working group.  Organizing a stakeholder meeting
for March 20th in Philadelphia to form a coalition to lobby for a credit
trading program.  Stakeholders include Community Energy, PG&E National Energy
Group, Green Mountain, Center for Resource Solutions, Penn Futures, National
Exchange Carriers and NCE-Pearson.
NePool: Submitted comments on an RFP that NePool is issuing for the
Generation Information System on March 21
Renewable Energy Desk: Coordinating with Elliot Mainzer of ENA West on
forming a team to respond "holistically" to the regulatory and public
relations/messaging needs of the new commercial venture.

Clean Power Product Development - Stacey Bolton worked on several initiatives
toward developing Enron commercial opportunities
PA C&I Negawatts Program:  Presented proposal for a C&I Negawatt program in
Pennsylvania to the Green-e Negawatt Subc.  Received clearance on conceptual
idea to present the proposal to the full Mid-Atlantic Advisory Committee on
Monday, March 19th.  If approved, we will work through the fine details of
the program w/ Green-e, submit it for final approval to their Green Power
Board, and launch the program this June.
Energy Efficiency Allowances:  Met with EES (Heather Mitchell and Elizabeth
Howley) regarding developing a proposal for energy efficiency savings to be
eligible as NOx allowances to the TNRCC.  Spoke with Bill Jordan at the TNRCC
regarding this issue, timeframe, and method for presenting a proposal to
them.  Also set a goal to attempt to get Negawatt Credits to trade on TX REC
and voluntary certificates of generation system.

Environmental Reporting/Compliance - Stacey Bolton worked with EES to advise
them on various reporting requirements:
CEC Annual Report:  EES submitted their annual report to the California
Energy Commission and Green-e on March 1st.  The CEC had several questions
regarding tying EES purchases to specific generators.  Worked w/ EPMI and EES
to help tie our purchase numbers (between EPMI, the APX and EES) in our
annual report in response to CEC's questions.
Patagonia & Fetzer:  Worked w/ Mike Smith and Peggy Mahoney to get them up to
speed on our disclosure requirements in CA (given that EES is no longer
delivering commodity to large customers) and that the CEC was okay w/ our
green tag product to Fetzer and Patagonia.

COMPETITIVE INTELLIGENCE

Commercial Opportunities
Abbott Laboratories:  Jeff Keeler forwarded to EES information about an
opportunity to provide energy/environmental outsource services to Abbott
Labs, based on contact with their head of energy/EHS operations at the GEMI
new members meeting.
Landauer Deal:  Stacey Bolton presented EES w/ a business opportunity to join
w/ a large real-estate development company to install solar panels and
distributed generation on large strip malls, starting in NY.  Organized a
call for next Wednesday to discuss potential partnership.
Greening the Enron Building: Stacey Bolton is assisting Enron Wind and the
East Desk forward an idea to be the first Fortune 500 company to "go 100%
green" in our headquarter building.  Facilities is interested in commodity as
well (wants to switch from Reliant).  Organizing meeting of internal
stakeholders (ENA, EES, Enron Wind) for next week to discuss full commodity
and outsourcing options coupled w/ green tags from our Enron Wind facility in
West Texas.
Wind supply in PA: Stacey  Bolton was contacted by Community Energy in PA
regarding a new wind facility w/ available credits.   Let EES renewable desk
know of this new green supply as an opportunity given their procurement of
green power responsibilities for New Power's 2% renewable obligation in PA.

Energy Efficiency/Renewable energy - Stacey Bolton informed EES and ENA about
$358 million in funding recently approved by New Jersey for new energy
efficiency and renewable energy programs.

EPA Diesel Sulfur Regulations - Jeff Keeler provided EGM with information on
the EPA's regulations requiring additional removal of sulfur content from
diesel gasoline.   New Diesel sulfur requirements will require significant
increased capital expenditures by refiners, which affects the EGM price curve
for fuels, as well as trading, risk management and origination opportunities
with refiner customers.  This information may also be the basis for exploring
new markets for cleaner diesel products.

Distributed Generation - Equity Investments - Jeff Keeler provided follow up
advice and analysis to Enron Principal Investments group on environmental
regulatory drivers affecting markets for distributed generation technologies
and federal/state incentive monies available for projects involving
distributed generation technologies.   Principal investments has made equity
investments in a number of new technologies, and is considering many future
investments -- environmental regulation is a significant driver for many of
these technologies.


NOTE FROM MARK FREVERT

With the wide and varied activities of our three organizations, we created
this e-mail newsletter to keep everyone better informed about our various
businesses.  I hope you find it informative and more importantly, that you
will use this newsletter to help spread the word about the successes in your
group.

To provide content for future e-mails, contact Michelle Vitrella in our
Public Relations group via e-mail or call her at ext. 3-9767.  Communication
is one of the core Enron values and I believe this is a great way to improve
communication across our wholesale businesses.

Additionally, I would like to again encourage everyone to take a few minutes
to complete &The Pulse8 survey.  This annual survey regarding the work
experience at Enron and how we can make it better is an important part of the
two-way communication process at Enron.  Please go to the Enron intranet and
type survey.enron.com.  It only takes a few minutes, it,s confidential and
your comments will help make Enron a better place to work.

BUSINESS HIGHLIGHTS

Natural Gas
Middle Marketing,s biggest trade of the year so far occurred this month.  The
significant transaction was a five year, multimillion dollar restructuring
with a subsidiary of Formosa Plastics, one of the world,s largest producers
of polyvinyl chloride.

Additionally, Continental Airlines, the fifth largest US carrier, has hedged
a considerable amount (1.2 million barrels/month) of crude oil.   Winter
Nymex hedges were put in place for the undisputed heavyweight chip champ of
the world, Frito Lay.

Pulp & Paper
With the acquisition of Garden State Paper and launch of Clickpaper.com,
Enron is creating an efficient spot physical market for pulp and paper
commodities.  Buyers and sellers will benefit from improved price
transparency and reliability and access to Enron,s online financial markets.

Improved price transparency and the ability to imbed financial derivatives
into physical trading flows will facilitate the growth of Enron,s trading
business.  To date, Clickpaper.com has traded over 1 millions tons of pulp
and paper product with a notional value of over $675 million.

Upstream Origination
Upstream Origination, headed by Julie Gomez and Jean Mrha, focuses on natural
gas products to optimize commercial value associated with the natural gas
grid on the continent and in the Gulf of Mexico (GOM).  Through products such
as storage, electric compression and producer services & outsourcing, ENA
creates value for its customers and reconfigures the natural gas
infrastructure to be more efficient.  In addition, Upstream Origination
transactions exploit the unique relationship between development of strategic
assets through sophisticated financing structures and the utilization of the
market information created by those assets.

&THE PULSE8 SURVEY RESULTS

As of Wednesday, October 18, the total responses to &The Pulse8 from
ENA/EGM/EIM are 689.  This is approximately 30% of all employees.  Since our
goal is a 100% response rate, we have a long way to go!  Please take a few
minutes to log on and give Enron your thoughts.  The Pulse is located at
survey.enron.com on the Enron intranet page.

If you like competition, here are the results by group:

Commercial - Origination  131
Energy Operations   126
Risk Management and Trading 106
Other/None of the Above  91
Bus. Analysis & Rep./Fin. Ops. 90
Legal     46
Gas Assets    37
Human Resources   30
Tax     18
Technology/IT    14

WELCOME

Transferred Into ENA/EIM/EGM
ENA - Kathleen Neal/HR, Suzanne Kelly/Infocentral, Tobias Monk/Finance Direct
EIM - Eric Connor/Industrial Energy Group
EGM - Eric Calub/Global Product Mgmt

New Hires ENA/EIM/EGM
ENA - Lance Cunningham/CTS Research, Anita Dupont/CTS Research, Yvette
Hales/Gas Logistics ) East, Angela Howell/Equity Trading, Farid Mithani/Power
Risk-Credit
EGM - Heather Purcell/Enron Global Markets

IN THE NEWS

&No company illustrates the transformative power of innovation more
dramatically than Enron.  Over the past decade Enron,s commitment to the
invention*and later domination*of new business categories has taken it from a
$200 million old-economy pipeline operator to a $40 billion new-economy
trading powerhouse.8
From &The World,s Most Admired Companies,8 Fortune, Monday, October 2

NUGGETS & NOTES

&What,s the message we,re trying to get across?8 ) Ray Bowen, COO EIM

&I,m not a micro-manager8 - John Lavorato, COO ENA

&Make it so, number one8 ) Jeff Shankman, COO EGM

CONTEST

Enron is & The Most Innovative Company8 based on Fortune Magazine,s Most
Admired Survey.  ENA Public Relations is ready to put Enron North America,
Industrial Markets and Global Markets to the test.  We need your creative
minds to help name the NEW Electronic Newsletter we now call AmeriFlash.  Put
on your thinking caps and submit your ideas for a new name to
michelle.vitrella@enron.com.  The ENA Public Relations Team will narrow the
list to the TOP TEN and then send it to our official judge, Mark Frevert, to
make the final decision.  The winner will receive a gift certificate to any
Pappas restaurant.  GOOD LUCK!


(See attached file: hpl0602.xls)

 - hpl0602.xls


Mona,  Although the option provision with true-up is better than a rate cap
but I fear this will lead to more confusion in the market place, a price that
may be below market today which will foster the do nothing attitude.  I fear
that customers given a choice will take the I will pay you later Vs paying
you now approach.  The administrative issues this creates are also
tremendous.  I would rather give on the residential option for the commission
to extend another year vs agreeing to the opt in provision.

Mona L Petrochko@ENRON
08/25/2000 08:41 PM
To: Dennis Benevides/HOU/EES@EES, Roger Yang, Edward Hamb/HOU/EES@EES, James
M Wood/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas
Condon/SFO/EES@EES, Greg Cordell, Chris Hendrix/HOU/EES@EES, Gary
Mirich/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES, Karen Denne@Enron, Peggy
Mahoney/HOU/EES@EES
cc: West GA, Mary Hain@Enron, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Steven J
Kean/NA/Enron@Enron
Subject: Draft Legislative Language

We have seen an early release of legislative language.  It is SB 1433
Alpert/Davis.

1.  It institutes a rate cap of 6.5 cents/kWh for residential and small
commercial retroactive to June 2000 through December 31, 2002.  It leaves the
ability for the Commission to extend to 2003 if in the public interest.  (We
will strike the last part.)

Small commercial customers are all accounts on Schedule A, all accounts who
are general acute care hospitals, public and private k-12 schools and all
accounts on AL-TOU (up through 6000 kWh/billing period)

2.  Provides an opt-in provision for large commercial/agricultural/industrial
customers with an annual true-up.

The sense I got was that CMTA/CLECA may have asked for this.  It gives
legislative cover.  Will be difficult to administer and the true-up will
discourage sign up.

Please let me know if you agree.

3.  Provides that overcollections of PPA/QFs/SONGs will be used to offset
undercollections of cap.

Our comment is that the overcollections, on a pro-rata basis will be used to
offset the cap.  All customers pay stranded costs associated with those
contracts, all customers should receive stranded benefits.

4.  SDG&E is still subject to reasonableness review by the Commission.  To
the extent FERC orders refunds as part of its investigation, such refunds
will go to SDG&E's customers.

Not too bad.


The Methanol Plant is still on target to begin making spec methanol on
Friday, July 28.   The plant may start taking some natural gas late Tuesday,
July 25.

Because of dredging at the Oxy dock, no barges can be loaded July 31 to
August 3.


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Please see attached.  Rob, perhaps while in London you could stop by Mark's
desk to discuss.
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 11:22 AM -----

	Mark Schroeder@ECT
	03/07/2001 03:45 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Summary of $ at Risk for Customs

Steve - the issue to which I believe Jane is referring in the first sentence
("confirmation of the issues which I have articulated") concern possible
paymensts made to receive informal, and favourable, guidance, on customs
issues (which informal opinions are now seemingly being reversed, formally).
In some cases such payments may still be legal.  But, subject to Jane
confirming that I am explaining this correctly (given that the communication
below is a bit cryptic), it now seems to me to be timely (as Rebecca and Jim
have apparently been alerted in London on Monday, per her note below) to
satisfy yourself that we are now clean on this issue under the Foreign
Corrupt Practices Act.  The informal customs advice was obtained by Muktesh
Tyagi (spelling?), one of two people known as Sanjay's "fixers" (that should
make you fell comfortable!).  You may wish to discuss with Jane further, but
once you satisfy yourself that there is some smoke here, my thought was that
you might want to simply confirm with Rebecca that we are running the facts
to ground, so that we can satisfy ourselves that we are either clean, or need
to come clean with USG.  let me know if you need more.   thanks mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 07/03/2001
09:42 ---------------------------

Jane Wilson@ENRON_DEVELOPMENT
07/03/2001 04:38
To: Mark Schroeder@ECT
cc:

Subject: Summary of $ at Risk for Customs

Mark, I have confirmation of the issues on which I have articulated concern
to you although such confirmation is verbal.  Apparently, there are more
areas that I will identify in due time.  This information was conveyed to the
Legal Team (which included Rebecca, Bruce, Sandeep Katwala and outside
attorneys) in London on Monday.   In addition, below is additional bad news.
In addition, there is at issue now the fact that the flow diagrams and import
lists do not match.  I'll forward an additional e:mail from Seethayya,
---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
03/07/2001 10:04 AM ---------------------------

Heidi Hellmann

03/06/2001 01:39 AM

To: Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Robert Mathis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chandran
Bhaskar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Summary of $ at Risk for Customs

I found out more info on some of these extraneous customs issues above and
beyond the LNG stuff:

PHASE I ISSUES
1. SPM
 (This equipment has already been imported at 22.38%, but customs is claiming
merit duty rates of 67%.)
 This is currently being evaluated by the courts.
 Total Value at Risk = $7 MM
2. "D" - Stream
 Are Bechtel's design charges of $66 MM specific to our equipment or to the
project as a whole?
 If the former, then duty of 22.38% should apply.
 Total Value at Risk = $13.5 MM  ($66 MM x 22.38%)

PHASE II ISSUES
1. Services Loading on Power Plant Equipment
 Same issue as for LNG Equipment. Currently we are paying a 10% loading on
duty into a reserve deposit to cover this.
 Total Value at Risk = $22.38 MM  ($100 MM x 22.38%)
2. LNG Equipment to be dutied at 53.8% or 22.38%?
 Think we all know this issue.
 Total Value at Risk = $56 MM (as per Risk Matrix)
3. Services Loading on LNG Equipment
 Think we all know this issue
 Total Value at Risk = $80 MM  ($149 MM x 53.8%)

TOTAL VALUE at RISK ~$180 MM - - This is WORST, WORST CASE!

Note:  There is still this issue of goods being imported under the wrong
classification.  Currently, this is preventing goods from being imported on
time, which could lead to delay claims by the contractors.  It will take me
some time to hunt down what this could cost us if the problem isn't resolved
soon.  Pavan's estimate is that it will take a month for Site to generate
accurate equipment lists and for the same to be reviewed and approved by MSEB.
Heidi


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/13/2000 08:52
AM ---------------------------

"Boyd J. Springer" <Boyd_J._Springer@jonesday.com> on 06/12/2000 07:23:44 PM
To: dtucker@bracepatt.com, cdade@bracepatt.com, Kay.Mann@enron.com
cc:

Subject: Agency Agreement

_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________

Here are my comments re Peoples' mark-up:
                                         1. Sects. 1.1, 1.11, 10.2, and
15.1(f). The combined effect of the proposed changes to these sections is
to significantly broaden the terminantion right in the event that
governmental action related to the agreement is modified in a manner
unacceptable to either party. As changed the unacceptable approval can come
at any time during the term of the agreement, and need not  involve
approval  "required" for the agreement to remain effective. Peoples did not
propose to include language from the comparable NIGAS Hub Agreement which
refers to adverse "rate approval". However, Peoples' intent may be to
obtain a termination remedy in the event of an adverse rate-making decision
re the treatment of Hub revenues. In any event, the meaning of a
termination right triggered if a government approval (not necessarily
required for the agreement to remain in effect) is modified "in any manner
which is unacceptable" is, at best, unclear. We should try to stay with the
original language (or, perhaps, limit expansion of the termination right to
circumstances when a "required" approval is revoked.) While the broadened
termination right proposed by Peoples is available to either party, I
wouldn't think it likely that MEH would wish to terminate as a result of a
modified regualtory decision not required for continuation of the agency
arrangement.
2. Sects. 1.6, 7.1. 2.2, 2.10 (comments re cumulative net revenue
definition) As modified, MEH is charged with the duty to market Hub
Serivces, which includes Extended Hub Serivces (Def'n. 1.17). However, the
proposed Adminisatrative Service Fee (7.1) is only payable during the term
of the Agreement. MEH, therefore, is required by the Agreement to market
extended Hub Services, but receives no compensation (after termination of
the Agreement) for doing so. Also, Peoples proposes to add provision (C)
eliminating refund amounts from the definition of Cumulative Net Revenue.
Apparently in conjuction with this, Peoples proposes to delete the last
sentence of 1.6 which requires a retroactive adjustment of cumulative net
revenue in the event of a refund. Peoples also has bracketed 7.3,
apparently intending to exclude it. I suppose this is fine from MEH's
perspective. The effect of these changes is to deduct only amounts actually
refunded from the revenue base for the administrative fee, and not require
a retroactive adjustment. This could benefit MEH if the agreement
terminates before a refund is required. No retroactive adjustment would be
needed.
3. Sect. 1.9, 2.5. Peoples proposes to delete the requirement that it make
nominating or scheduling changes on interstate pipelines for receipt or
delivery of gas needed for hub transactions or delivery of gas at a
secondary point for displacement delivery. Northern Illinois Gas Co. did
agree to these provision in the contract with its Hub Agent. I do not know
the value of these commitments to MEH from a business standpoint.
                         4. Sect. 1.13. Peoples proposes that the GTC be
defined to included changes made by Peoples in its sole discretion.
Peoples, however, is not free to change the GTC as it sees fit. FERC may
elect to allow changes proposed by Peoples to become effective, but Peoples
can, at most, "propose" changes in its sole discretion. How about: "the
effective general Terms and Conditions of the Operating Statament as may be
modified from time to time." Sect. 6.1 gives Peoples a right to propose
changes to the GTC, so there is no need to cover that here.
                              5. Sect. 1.17. The GTC does not indicate that
Parking and Loaning Service must be interruptible. I will review this
further.                      6. Sect. 2.2. Peoples has modified the
language giving it responsibility to ensure compliance with the GTC to
assign this obligation to both parties. The intent was to comply with
requirements of FERC orders indicating that an agent need not be
certificated as a "natural gas company", if there is another entity with
clear responponsibilty to ensure compliance with the Natural Gas Act and
FERC regulations. I suggest we stay with the origianl language indicating
that Peoples, the certificate holder, has the responsibility to ensure
compliance with regulatory requirements.
          7. Sect. 2.4b The thrid sentence is confusing in light of the
sending sentence indicating that MEH must consent to a change in
information re firm capacity. Perhaps "in its sole discretion" can be
delted and the last word of the third sentence changed to "appropriate".
                              8. Sect. 2.5. New Item 3 of the list of
grounds for refusal should be deleted. The GTC (Sect. 8.2) specifies the
grounds on which Hub Serivce can be denied. The Agency Agreement should not
add to this. Also, the GTC expressly requires that firm serivce provided
under the Operating Statement and firm serivce under peoples' Illiniois
tariffs have equal scheduling priority.
                                   9. Sect. 2.10. This Section places the
risk of non-payment on MEH, unless Peoples conducts the credit check. This
is how risk was allocated in the NIGAS Hub Agreement. That agreement,
however, provided for a 50/50 split of Hub revenue. As proposed by Peoples,
MEH would receive only an agency fee and lesser percentage of revenue. With
the changed allocation of revenue, a changed allocation of non-payment risk
also may be appropriate. Normally, the this risk should follow
responsibility for accepting the transaction. At a minimum, non-payment
risk should be assigned to Peoples if (i) it performs the credit check; or
(ii) requires MEH to accept a Hub customer which MEH has rejected based on
a credit analysis conducted under the GTC (Sect. 8.2).
     10. Sect. 3.3. The required refunds could be large relative to the
administrative fee. The revised language requires MEH to finance refunds
for ten business days. Should there be an interest component?
                                                        11. Sect. 3.4. This
Section suggests that MEH will receive a fee for Extended Hub Services. I'm
don't see how this occurs under the revised language.   12. Sect. 3.5.
Peoples proposes to delete the language requiring best efforts to minimize
imbalances. Compliance filings due this summer under FERC Order 637 are
expected to offer incentives related to avoidance of imbalances and Peoples
should attempt to use these procedures. We should discuss this with them on
Wed.
                    13. Sect. 5.1. Peoples has modified the warranties to
indicate consistency of the Agency Agreement with "material" contractcs and
Judgments or Laws not expected to have a material adverse effect. Is it
suffucuent to have minor contract violations and inconsistency with some
Laws/Judgments?               14. Sect. 7.1 The NIGAS Hub Agreement did not
have a flat fee component.
15. Sect. 10.1. Because the Governmental Approval must be acceptable to
both Peoples and MEH, People should not have "sole" authority to prepare
and file all applications.
                                         16. Sect. 10.2. See comments above
re Governmental Approval. Also, I don't think there is a need for the word
"expressly" in the first sentence.            17. Sect. 11.1. Should the
Section require consent for transfer by operation of law if we wish to have
this requirement in the event that the Hub facilities are sold?

          18. Sect. 15.1 (a). If this type of provision is going to be
included, should there at least be an initial period (say a year) to get
started which doesn't trigger a termination right? The NIGAS Agreement had
a section along these lines.
          19. Sect. 15.1 (f). See comments above re Governmental Approval.
                                                   20. Former 15.1 (f) now
deleted. This provided that the Agency Agreement could be terminated is MEH
is dissolved. This seems necessary to me.          21. 15.1 (g) Peoples
wishes to have sole discretion to change its Facilities or the GTC, but
proposes to limit MEH's termination right in the event that such a change
impairs the HUB's marketability. It seems reasonably to allow MEH to
terminate if it believes that HUB marketability is impaired, without a need
to demonstrate reasonableness.
                                         22. Sect. 17.1 I don't understand
why Peoples wishes to require confidentiality for the compensation
sections. The Illinois Commission Staff and interested parties would have
access to this information under a protective agreement. This would
unnecessarily complicate the approval process and I don't know what there
is to gain from secrecy. These provisions were part of the public record in
the NIGAS approval case.                                     That's all.
Let's discuss tomorrow.


Please plan on attending this meeting on Tuesday at 10 AM in EB3567.  If  CCPace sends us any advance questions I will forward them to everyone.

Janet
Will you be attending in person or calling in?

Tom, David, Jim
You may not be needed unless specific trading-related questions are asked.  Thus don't plan on attending unless we receive advance questions where we know you will be needed.  However, at a mimimum, please be on standby in case we need your assistance in answering any questions at the meeting.

-----Original Message-----
From: Janet Wallis [mailto:janet@dtahou.com]
Sent: Wednesday, October 17, 2001 9:37 AM
To: Coffey Jr., Jim
Subject: Tuesday Meeting

Jim,

I spoke with Byron this morning and he hasn't heard back from CC Pace yet.  They (CC) are not know for promptness.  He is calling them as we speak and is going to set up the meeting for Tuesday at 10:00 and he will request that CC Pace supply us with a list of written questions.  Either way we should continue with the meeting.

Talk with you soon,
J

Janet Wallis
8118 Waynemer Way
Houston, Texas 77040
(713) 937-0919


Hi, Vince,

I hope you are doing well.
The UBS Energy business will definitely miss you and
your weather group! I have to say everyone is quite
concerned how will we be getting the weather forecast
:).

As for me, I have accepted the UBS offer and will be
back in the Gas Fundamentals group for now.

This is my personal e-mail address, I hope we can stay
in touch,

Best regards,
Biliana Pehlivanova

__________________________________________________
Do You Yahoo!?
Great stuff seeking new owners in Yahoo! Auctions!
http://auctions.yahoo.com


did i win my bet?


ISO Market Participants:
  The ISO has developed a market stabilization plan, designed
to stabilize operations and control costs in California, to be implemented
in the next two months.  It would remain in place for the near term (through
Summer, 2001 and beyond) and includes changes to existing ISO practices as
well as an expansion of the ISO's responsibilities.  Because of the need to
move quickly so that the plan can be implemented by this summer, we will be
unable to hold a full stakeholder review process.  But, we do want to
discuss the plan with you so that you can understand the proposal and the
reasoning behind it.
  The ISO will post this plan on the ISO web site at
http://www.caiso.com/stakeholders/ <http://www.caiso.com/stakeholders/> , by
COB tomorrow.  In addition, we will host a conference call from 10:00 a.m.
to 2:00 p.m. PST this Friday, March 9, to discuss the plan with you and
clarify any outstanding issues.  We then plan to request the Board's
approval for this plan on March 15th in order to be able to implement the
plan by summer.
  The call in information is as follows:
  Market Stabilization Conference Call
  Friday, March 9, 10:00 a.m. - 2:00 p.m. PST
  Call-In Number:  877-381-6005
  Conference ID #:  760357
  Leader Name:  Byron Woertz
  Following the call, you may submit any comments on the plan
to us by close of business on Tuesday, March 13.  You may send your comments
to bwoertz@caiso.com.  We will do our best to summarize your comments and
present them to the Board at their March 15 meeting. In addition, there will
be a public comment period on the 15th.
  Please contact me if you have any further questions.
  Byron B. Woertz, Jr.
  Director, Client Relations
  (916) 608-7066


Group,

I have created some new procedures for the SAR, CARP, and Enpower to CAPS
mainly to make it easier for the newer members of the group to run the
reports at night. They are fairly detailed and are tested once but I would
appreciate any further feedback from you.

These procedures are located in P: /Real Time/ Reports

hope this helps,
Monika


Cp, please set up 15 minutes some time in July.  thanks, mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 06/07/2000
01:02 PM ---------------------------

	Enron North America Corp.

	From:  Blake Lasuzzo @ ENRON                           06/05/2000 03:23 PM

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject:

Mr. McConnell,

I am an Energy Management major at OU who is interning here at Enron.  My
work experience so far has been excellent, and nothing less than what I had
hoped for.  I have had the opportunity to hear you speak a few times in
Norman and have been very impressed.  I have been impressed by the things you
said about this company and its ideals, programs and its commitment to
excellence - all of which I have seen since I started work.  The most
impressive thing to me, however, were the things you said about positive
thinking, goal setting, and the power of the subconscious mind in your talk
with the J.C. Penney Leadership Program.  These are beliefs which I have been
raised on by my father, and really believe to be true.  It was very
inspirational to hear that type of message from someone else for whom it has
obviously worked.  As I have started my internship here, I am implementing
this psychology into my life and work ethic, and thought you would might have
some helpful advice.  I know you are an extremely busy man, but I decided to
send you an email and ask if you ever had a few free minutes in which I could
speak with you about how this way of thinking has positively impacted your
career.  If you ever have a few minutes of free time this summer, I would
really appreciate the opportunity to speak with you.

Thank you for your time

Blake Lasuzzo


Dear Eric,  Congressional Representative for Oklahoma and gubernatorial candidate Steve Largent is scheduled to stop by ENL headquarters next week.  We'll get Rep. Largent's opinion on the fight over energy legislation, whether he expects an energy bill any time soon and if ANWR is going to be in a final bill.  Catch the Largent interview on Tuesday during the 10:00 a.m. ET newscast.   The federal magnifying glass is on Enron - There are now six Congressional inquiries and at least four separate federal agencies conducting Enron reviews, including the Justice Department.  On Monday, the Washington bureau will have the latest developments regarding the investigations.   Also from Washington, we'll continue our conversations with Commissioners at the FERC. The Commissioners address what's ahead for the FERC in 2002 and where the fight over Yucca Mountain is headed.  Despite Energy Secretary Spencer Abraham's conclusion that the Nevada site is prepared to store the nation's highly radioactive nuclear waste, many hurdles still stand in the way.  The Washington bureau will explain what some of those hurdles are on Monday.   On Monday, the Houston bureau will have more on Enron - A U.S. Attorney in Houston will discuss his official role in the criminal investigation into Enron.  Join us for details next week.   Also next week, we'll speak with Texas Public Utilities Commissioner Brett Perlman from the Houston bureau.  Perlman will bring us an update on electric deregulation in Texas on Wednesday.   California Governor Gray Davis drafted a plan with the Wall Street firm Saber Partners, which helps control energy costs and avoid blackouts in the state.  On Monday, West Coast Correspondent Kym McNicholas will speak with Saber Partners CEO Joseph Fichera about his company's work with California.  Fichera will join us during the 11:00 a.m. ET newscast on Monday.    Closing Prices for Friday, Jan. 11, 2002    Crude: $19.68/bbl -$0.70   Unleaded: $0.5731/gallon -$0.165   Heating Oil: $0.5394/gallon -$0.139   Gas: $2.204/mmBtu +$0.019   Fwd uE(Feb.): $3.61/mmBtu +$0.09   Keep in mind things are subject to change at a moment's notice. Occasionally guests have to reschedule or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap Video Windows Media Player: 56K  | 100K  | 300K  Real Player: 56K  | 100K  | 300K  (Requires Windows Media Player or Real Player )   Experience all that Williams Energy News Live has to offer!   If you are receiving this letter for the first time and wish to continue, subscribe now    To stop receiving this letter, unsubscribe now    If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


I have received my world com card.


Dear Mr. Ryan,

We are in receipt of your letter to Mr. Skilling regarding CallTech
Communications contact center services.  Mr. Skilling has forwarded your
correspondence to Mr. Chris Reedy, Director of Customer Satisfaction at Enron
Energy Services. Upon review, Mr. Reedy will contact you if appropriate.

Sincerely,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)


How are you?  Hope everything is going well.  Not much going on here - I
think I'll go see the new movie with Richard Gere on Friday - wish you were
here so we could go and sob together.  Drop me a line if you get a chance.
Say HELLO to the kids!

               Love you!


California Regulators Back Rate Increase For Utilities

* California regulators indicated yesterday that they are willing to
raise rates for electric utilities EIX and PCG,  following a review of their
finances
* Hearings to review utilities' financial status in hearings on Dec.
27 and 28
* KEY DATE:  January 4, when we expect they will vote to raise rates
* We see this action as positive for the utilities, because it reduces
the likelihood of insolvency or bankruptcy, although further action is
required, in our view
* We also see it as positive for our Growth Energy companies.  Any
reduction in financial pressure on the utilities equates to reduced pressure
to re-regulate the wholesale power industry, in our view
* The results of the action were in line with our expectation; we
recommend investors buy the Growth Energy names on weakness.  In particular,
we highlight DYN, CPN, NRG, SOE and DUK.

 <<CA Power Market II 12-22-00.pdf>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - CA Power Market II 12-22-00.pdf


Kay:

The March 8, 2001 written consent of Salmon electing officers provides that
Chris Calger is a Vice President.  Hope this answers the question.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Here are the counts of trades executed before 4:00 pm, each day, through the Month of October:

TRADE DATE	TRADE CNT
10/1/2001	5245
10/2/2001	5405
10/3/2001	5953
10/4/2001	6487
10/5/2001	5854
10/6/2001	17
10/7/2001	53
10/8/2001	5117
10/9/2001	5280
10/10/2001	6261
10/11/2001	5950
10/12/2001	6107
10/13/2001	16
10/14/2001	19
10/15/2001	5428
10/16/2001	7155
10/17/2001	7425
10/18/2001	7654
10/19/2001	7988
10/20/2001	4
10/21/2001	34
10/22/2001	7916
10/23/2001	8567
10/24/2001	8001
10/25/2001	8405
10/26/2001	6792
10/27/2001	12
10/28/2001	8
10/29/2001	7152
10/30/2001	5754

Additionally, the attached spreadsheet shows counts of trades executed before 4:00 pm, by counterparty, for the prior two weeks.  In addition, the first two columns show the daily average trade count for the respective counterparty, and the percentage of that average executed today.


White Flower Farm
PO BOX 50
Litchfield, Connecticut 06759-0050
Email: custserv@whiteflowerfarm.com

Phone: 1-800-503-9624

Dear Mark,

Thank you for your order. For your records, your confirmation number is
1200039908, and your order is as follows:

  SKU        No.   Title                                    Price

  84007      1     Amaryllis and Paperwhite Kit with Sage  $50.00
  56377      1     Fresh Harvest Centerpiece                $55.00
  34421      1     Shiitake Mushroom Patch -- <b>Sale! 24% $25.95
  37400      1     Rosemary Standard with Terra-cotta Pot  $34.00

Shipping: $17.95
Handling: $10.00
Tax     : $0.00
Total   : $192.90

You will receive an additional email when your order ships.

Sincerely,

Your White Flower Farm Customer Service Team


Per Rick Shapiro, pllease be advised that the meeting referenced above has
been changed as follows:

Date: Tuesday, December 5th
Time: 9:00am - 1:30pm Pacific
Where: San Francisco Office

At this time, Paul would prefer to keep this as an internal GA meeting with
our outside lobbyists.  At this time we are not inviting the Enron Business
units to attend, but please feel free to invite anyone else in the GA group
you feel should attend.

HOWEVER, if you invite someone else, please advise me so that we can ensure
we have adequate space in San Francisco to accommodate everyone.  Thanks!

Melissa Cortez - please forward to Scott AND Hedy.  Also, I will forward
directions to our offices to you under a separate e-mail.

Lysa Akin
503/464-7927

---------------------- Forwarded by Lysa Akin/PDX/ECT on 11/16/2000 08:35 AM
---------------------------

Lysa Akin
11/14/2000 04:52 PM
To: Susan J Mara/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Joseph
Alamo/NA/Enron@Enron, mday@gmssr.com, Harry Kingerski/NA/Enron, Marcie
Milner/Corp/Enron@Enron, Karen Denne/Corp/Enron, James D Steffes/NA/Enron,
mcortez@govadv.com, Sue Nord/HOU/EES@EES, Richard Shapiro/NA/Enron
cc: Paul Kaufman/PDX/ECT, Marcia A Linton/NA/Enron, Ginger Dernehl/NA/Enron
Subject: California Legislative Meeting in San Francisco

Please be advised that I have scheduled the above referenced meeting as
follows:

Date: Tuesday, November 28th
Time: 10:30am - 3:30pm Pacific
Where: San Francisco Office

Most of you "penciled in" this appointment when I spoke to you, please make
plans to attend!!

At this time, Paul would prefer to keep this as an internal GA meeting with
our outside lobbyists.  At this time we are not inviting the Enron Business
units to attend, but please feel free to invite anyone else in the GA group
you feel should attend.  HOWEVER, if you invite someone else, please advise
me so that we can ensure we have adequate space in San Francisco to
accommodate everyone.  Thanks!

Melissa Cortez - please forward to Scott AND Hedy.

Jim Steffes & Marcia Linton - I am aware that Jim is on vacation the week of
the 27th.  In the event that he can participate via teleconference, I will
forward a dial in number by the end of the week.

Lysa Akin
503/464-7927


As some of you might already know, I resigned today.  I feel fortunate and blessed to have had this experience here at Enron.  Not only have I learned a tremendous amount, but I also have met some very talented and unique people.  I am not 100% sure what I will do at this point, but I will probably be heading up to NYC in January.  I feel sad to end this chapter, yet excited as I begin a new one in my life.

As always, it has been a pleasure working with you!  Keep in touch.  I will be interested to see what happens.

Carole C. Frank
Enron Net Works

713.345.3960 work
713.446.9307 cell
713.467.3860 home
carole_frank@excite.com


Please find attached the Power Credit Watch List for October 22:

Please reply with any questions.

Thank you.

Kortney


Tim

If at all possible I would like us to pass on talking publicly about this topic.

John


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variances detected.

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PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042908.txt


The Weekly for 10/26/01 has been Revised.  Give it a few minutes and it should show up.  The Previous version has been deleted.

 -----Original Message-----
From: 	Keiser, John
Sent:	Friday, October 26, 2001 3:36 PM
To:	Neubauer, Dave; Gilbert, Steve; Geaccone, Tracy; Armstrong, Julie; McCarty, Danny; Hayes, Robert; Harris, Steven
Cc:	Moore, Jan
Subject:	October 26th "Weekly Commercial Net Contribution Summary"
Importance:	High

PLEASE DO NOT USE THE VERSION THAT IS ON THE WEBSITE AS OF 3:30 PM FRIDAY, OCTOBER 26TH.  WE ARE MAKING REVISIONS TO MAKE THE OCTOBER MONTH COMPARISON TO THE 3RD CURRENT ESTIMATE INSTEAD OF THE 4TH QTR FORECAST.  WE WILL HAVE A REVISED COPY AVAILABLE LATE TODAY OR EARLY MONDAY, OCTOBER 29TH.  SORRY FOR THE DELAY!!!

If you have any questions, please call John Keiser, Ext. 33138.


Stan,
I plan to participate on tomorrow's conference call on your behalf.

I met with Rae earlier today and had a quick preview of this document.  The
crux of the recommendation is that Rae would like to take a procedural vote
at the March 2 Board meeting on whether the Board intends to move forward
with pursuing retail standards.

If the procedural vote is "yes," then she is proposing to have Jay Costan and
Bill Boswell start drafting the governance documents.  I mentioned that I
would like to participate in reviewing the Bylaws and Certificate as your
representative.

I think that the attached backround and Feb. 14 meeting summary is fine.  I
have lots of thoughts on the possible organizational structure document --
but these are probably best saved until the Board votes on its intentions.
I'd say the procedural vote is too close to call at this point.   Rae reports
that Warren Mitchell of SoCal Gas, Reliant, End-Users and a number of state
commissioners are firmly behind moving forward.

---------------------- Forwarded by Shelley Corman/ET&S/Enron on 02/23/2000
02:09 PM ---------------------------

GISB1@aol.com on 02/23/2000 01:46:41 PM
To: william_p_boswell@corp.cng.com, shorton@enron.com, scorman@enron.com,
jbuccigross@skippingstone.com, buccigj@yahoo.com, novakm@natfuel.com,
Jrtemplton@aol.com, jmcostan@mwbb.com, Gisb@aol.com,
keith-sappenfield@reliantenergy.com, GISB4@aol.com, lstewart@pacent.com,
mwp8246@idahopower.com, nancy_laird@pcp.ca, tp4lms@socalgas.com
cc:

Subject: Draft GISB Report to the Board of Directors and Task Force
Conference Call

Dear task force members,
Attached please find a draft report for us to discuss at the upcoming
conference call.  Also attached is a recent article in "Restructuring Today."
 I was given permission by "Restructuring Today"  for a limited distribution
of this article to this task force.  Rae

 - task force summary.PDF


Start Date: 4/20/01; HourAhead hour: 13;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042013.txt


Call first to make sure that I am here.  Sara

Lucy Ortiz
09/07/99 08:41 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Scurlock posting

11?

Sara Shackleton
09/07/99 03:50 PM
To: Lucy Ortiz/HOU/ECT@ECT
cc:
Subject: Re: Scurlock posting

Can't do 10 am!  Before or after works.  Let me know so I don't schedule a
conflict with your preferance.  SS

Lucy Ortiz
09/07/99 03:48 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Scurlock posting

Agreed.
Tomorrow morning?
10:00am sound good?
Or if you have any questions I can answer from home tonight just send me an
e-mail.
I have to leave right now.

Sara Shackleton
09/07/99 03:46 PM
To: Lucy Ortiz/HOU/ECT@ECT
cc:
Subject: Scurlock posting

No more voice mails.  Call me or let's agree to a time.  Sara


Mike:

FYI...  here's the deck we reviewed with Cargill a few days ago.  As I mentioned, they had a lot of very good questions and expressions of interest during this hour-long call.  I believe these folks will be an excellent entree into Cargill's operating groups.

Best regards,

Mike

 -----Original Message-----
From: 	Haney, Mike
Sent:	Thursday, May 10, 2001 4:39 PM
To:	Anne Pedrero (E-mail)
Cc:	Staffel, Jake; Berberian, David
Subject:	Materials for Cargill/Enron teleconference tomorrow

Anne:

Thanks for providing us with a dial in number for tomorrow's teleconference.  My team and I are looking forward to a productive discussion.

Attached is a brief overview of the offering that we will walk you through tomorrow.  Please let me know if you are unable to receive the attachment.

Please forward this presentation to your colleague, Alayne Gyetvai, and others within your organization as appropriate.  I will speak to you and Alayne tomorrow afternoon at 4 pm Central time, 2 pm Pacific time.

Best regards,

Mike

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

Mike Haney
Director, eMarketplace Services
Enron Net Works
713-345-8968
mike.haney@enron.com


The report named: East Power Position <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=16&report_name=East+Power+Position&category_cd=5&category_name=EAST&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/19/2001>, published as of 10/19/2001 is now available for viewing on the website.

(Revision: 2)


Congrats!....Lisa told me the good news last night.  Can't wait for the big day, I know you guys will be very happy together.

	Enron Capital & Trade Resources Corp.  From:  Laura Jahnke <ljahnke@aerotek.com>                           04/23/2001 03:47 PM

Please respond to ljahnke@aerotek.com
To:	Ash Mace <ashley.a.mace@williams.com>, susan <susan.s.edwards@us.pwcglobal.com>, Katie Allison <KAllison@StageStores.com>, Katy Hester <katyhester@hotmail.com>, Stephanie Webb <SW13@hou-metro.harris.tx.us>, "Kelbarker@aol.com" <Kelbarker@aol.com>, Laura White <LWhite@StageStores.com>, "Lisa.Gillette@enron.com" <Lisa.Gillette@enron.com>, Kasey Walker <kaseywalker@mindspring.com>, Jennifer Houghton <jlh4801@aol.com>, "Jeff Ridlen (E-mail)" <jmr8189@hotmail.com>, "'pauline3333@hotmail.com'" <pauline3333@hotmail.com>, "'trishtamu@aol.com'" <trishtamu@aol.com>, "Dark-Machen, Dusty" <Dark-Machen@anntaylor.com>, "'diana.dooley@headhunter.net'" <diana.dooley@headhunter.net>, "'mandytravis_@hotmail.com'" <mandytravis_@hotmail.com>, Amanda Calhoun <Alc@triadresources.com>, "brenda.corcoran@bakerhughes.com" <brenda.corcoran@bakerhughes.com>, "Courtnie.Parker@enron.com" <Courtnie.Parker@enron.com>, "ChrisMandy@altavista.com" <ChrisMandy@altavista.com>, Cinco Houghton <cinco_eddy@hotmail.com>, "Corinne_Connally@Dell.com" <Corinne_Connally@Dell.com>, Emily Hillegeist <ehillegeist@hotmail.com>, elaina5@hotmail.com, sscott5@enron.com, Dennis and Kandi <dennisjamesfamily@yahoo.com>, "Cook, President" <Reedcook@hotmail.com>, "Houghton, Michael" <mikeybuns@aol.com>, "Houghton, Ted" <ted4@msn.com>, "Lodge, Sarah" <lodgesarah@hotmail.com>, "Martinez, Rosa" <rmartine@option-one.com>, "Pettey, Bryant" <brpettey@yahoo.com>, "Petty, Craig" <boss@hal-pc.org>, "Price, Russell" <rsprice1515@hotmail.com>, "Saumweber, Les" <LSaumweber@msn.com>, "Singer, Allison" <Sonnyblond@aol.com>, "Simon, Andrew" <asimon@aerotek.com>, smonson330@hotmail.com
cc:
Subject:	mark your calendar!

Hi Guys-
I just wanted to let you all know that Jaron finally popped the
question!  Of course, I said yes and we are just so excited!  We will be
very busy these next few months, but wanted to let everyone know that
the date will be August 11.  I know it seems soon, but we have been
doing a little planning and are ready to start our new lives together.
So, if possible-save the date!  We would love to have you join us.  Take
care and talk to you soon!!
Laura


John and I agreed that we would not send the letter at this time.


Is there any chance that the request to gather data on financial trades is implemented?  Our understanding was that the commission had no jurisdiction over financial markets.
 -----Original Message-----
From: 	Fulton, Donna
Sent:	Tuesday, June 19, 2001 9:19 AM
To:	Steffes, James; Nicolay, Christi; Novosel, Sarah; Lawner, Leslie; Cantrell, Rebecca; Miller, Stephanie; Allen, Phillip K.
Cc:	Alvarez, Ray
Subject:	El Paso Merchant Comments on Reporting Requirements

El Paso Merchant filed comments yesterday in the Reporting Requirements docket.  They did not argue against the collection of the new proposed data, but rather argued that the Commission needed to add to the information to be gathered to include financial market data.  El Paso states that the financial market is believed to be ten times as large as the physical market.  El Paso suggests the following information be collected:
the name of the counter party to the financial trade
the quantitiy of gas underlying the financial trade
all the pricing terms of the trade stated in price per MMBtu
the time period of the trade, including starting and ending dates
the date on which the deal was entered into
the type of trade

El Paso Merchant also argues for confidential treatment and a sunset date for the collection of the data (tied to when EIA finds supply and demand in California in balance.)

I have a fax of the comments, but do not yet have them electronically.  Let me know if you want a copy faxed.


Sara, I am on hold on a conference call but wanted to talk with you about
some questions/issues re: the assignment agreement.  (My questions are not
holding us up since Anna is proceeding to try to get a final draft as we know
it executed).  But for my own understanding:

1. Is ENA assigning to Enron Credit Inc. any agreements other than the
Securities Loan Agreement?  If so, let me know.  If not, then would we need
an assignment agreement as opposed to just having Enron Credit Inc. sign a
Securities Loan Agreement?

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693


Mark

I know I promised you a weekly trading update.  I got a little distracted
this week.  I will get it done.

John


Guys, I have explained the strategy/tactics that have lead to this position
in some detail.  In my opinion the company is not at risk and potentially ENA
could create significant value from a project that we have very little
invested.  I understand the construction risk on the bid as much as anyone
and we have no intention of lifting their offer. As far as EECC involvement,
as I had mentioned, Coleman was a part of all these discussions.  I will
argue that Mike and the ENA deal team made the right call necessary to
maximize return in the short run for Enron without investing significant
dollars or taking significant risks.

Obviously, I was unsuccessful in explaining such a sophisticated strategy.

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 09/26/2000
07:01 PM ---------------------------

Dick Westfahl@ENRON_DEVELOPMENT
09/26/2000 09:30 AM
To: Dave Delainey
cc: Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Las Vegas CoGen

Dave:

See attached memo.

Thanks,

Dick


Start Date: 4/21/01; HourAhead hour: 17;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042117.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: HARBOR
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 17 / Preferred:   4.00 / Final:   3.53)
  TRANS_TYPE: FINAL
  SC_ID: SierraPowe
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: VESTAL_6_WDFIRE


Tom --

My comments on the legislation called the "Electric Energy Regulatory
Coordination and Reliability Act" -

1. Why did we exclude the Federal power marketing administrations, TVA,
etc.?  Are those facilities regulated in a different section?

2. Why do we limit the FERC's authority (on pg 8) from regulating
"transmission in intrastate commerce"?  This is a loophole that could be
abused by many parties.

3. I am very concerned about the "independence" language (pg 10).  Today NERC
has an "independent" Board of Trustees that is elected by the Stakeholders.
Would NERC meet this criteria?  If it would, then the lanaguage needs to be
strenghthened.

4. We should add something that authorizes the FERC to implement a
"Reliability Standards Fee" onto each Transmission Provider.  One of the key
problems with NERC today is that the funding vehicle still resides with the
Regional Councils and therefore with the IOUs.  The NERC Board of Trustees
has no method to raise funds except to get approval of the Stakeholders.
This will become the key problem very soon.  The total NERC budget is $12 MM
/ year.  This is nothing if allowed into rates.

Thanks,

Jim


Attached is the latest drafts.  These went to Huber for execution this
afternoon


so are we still on for dinner or what?

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Wednesday, October 24, 2001 2:57 PM
To:	Lenhart, Matthew
Subject:	RE:

but you owe me a brand new bmw.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Wednesday, October 24, 2001 2:54 PM
To: erichardson@sarofim.com
Subject: RE:

b/c i want you to understand when i am out of money, but if you owe me
dinner and are out of money i cant understand.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Wednesday, October 24, 2001 2:50 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   how is there a double standard?

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Wednesday, October 24, 2001 2:45 PM
   To: erichardson@sarofim.com
   Subject: RE:

   there is a double standard here so i can't understand

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Wednesday, October 24, 2001 2:40 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      i do understand your situation, but you should understand mine too.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Wednesday, October 24, 2001 2:34 PM
      To: erichardson@sarofim.com
      Subject: RE:

      probably not.  i think you should understand my situation.

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Wednesday, October 24, 2001 2:26 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         how convenient.  actually, i don't really have any money either,
      maybe
         we
         should just call it even.  what do you think?

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Wednesday, October 24, 2001 2:16 PM
         To: erichardson@sarofim.com
         Subject: RE:

         yeah.  i had it picked out and everything.  i had to call the
   dealer
      and
         tell him i am not going to suprise you with it.  we can still go
   to
         dinner
         tomorrow night though.

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Wednesday, October 24, 2001 1:33 PM
            To:     Lenhart, Matthew
            Subject:  RE:

            that's too bad.  so, does that mean i'm not getting my bmw from
      you
            anymore?

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Wednesday, October 24, 2001 12:33 PM
            To: erichardson@sarofim.com
            Subject: RE:

            our stock is taking a bath.

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Wednesday, October 24, 2001 12:20 PM
               To:     Lenhart, Matthew
               Subject:  RE:

                i was just about to email you.  why is it worthless?

               -----Original Message-----
               From: Matthew.Lenhart@enron.com
      [mailto:Matthew.Lenhart@enron.com]
               Sent: Wednesday, October 24, 2001 12:14 PM
               To: erichardson@sarofim.com
               Subject: RE:

               my 401k is now worthless.  i have no money.

                   -----Original Message-----
                  From:   Erin Richardson <erichardson@sarofim.com>@ENRON
                  Sent:   Thursday, October 18, 2001 2:28 PM
                  To:     Lenhart, Matthew
                  Subject:  RE:

                  how was portland

                  -----Original Message-----
                  From: Matthew.Lenhart@enron.com
         [mailto:Matthew.Lenhart@enron.com]
                  Sent: Thursday, October 18, 2001 12:49 PM
                  To: erichardson@sarofim.com
                  Subject: RE:

                  great.  good to hear.  i got back last night.

                      -----Original Message-----
                     From:   Erin Richardson <erichardson@sarofim.com>
   @ENRON
                     Sent:   Thursday, October 18, 2001 12:15 PM
                     To:     Lenhart, Matthew
                     Subject:  RE:

                     yeah, it was horrible, i didn't think i was going to
   be
      able
         to
               make
                  it.
                     when did you get back.

                     -----Original Message-----
                     From: Lenhart, Matthew
   [mailto:Matthew.Lenhart@ENRON.com]
                     Sent: Thursday, October 18, 2001 11:54 AM
                     To: erichardson@sarofim.com
                     Subject:

                     did you miss me while i was gone?

   **********************************************************************
                     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 Jeff Dasovich/NA/Enron on 03/21/2001 09:36 AM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/20/2001 10:15 PM

		 To: Katie Kaplan <kaplan@iepa.com>, "'Andy Brown (E-mail)'"
<ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net>,
"'Baker Carolyn (E-mail)'" <cabaker@duke-energy.com>, "'Bob Escalante
(E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'Douglas Kerner (E-mail)'"
<DKK@eslawfirm.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan
Smutny-Jones (E-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John
Larrea (E-mail)'" <john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Kristin Vellandi
(E-mail)'" <kvellandi@pstrategies.com>, "'Lynn Lednicky (E-mail)'"
<lale@dynegy.com>, "'Marty Wilson (E-mail)'" <mwilson@pstrategies.com>,
"'McNally Ray (E-mail)'" <rmcnally@mcnallytemple.com>, "''Nam Nguyen'
(E-mail)'" <nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Rob Lamkin (E-mail)'" <rllamkin@seiworldwide.com>, "'Roger Pelote
(E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell (E-mail)'"
<stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom Ross
(E-mail)'" <tross@mcnallytemple.com>, "Carol H Hudson (E-mail)"
<Chudson@iepa.com>, steven kelly <steven@iepa.com>, "'Anne Kelly (E-mail)'"
<kelly@hnks.com>, "'Chuck Cole (E-mail)'" <ccole@advocation-inc.com>,
"'Delany Hunter (E-mail)'" <dhunter@smithandkempton.com>, "'DJ Smith
(E-mail)'" <djsmith@smithandkempton.com>, "'Hedy Govenar (E-mail)'"
<hgovenar@acom2.com>, <mmoretti@mccabeandcompany.net>, "'Maureen OHaren
(E-mail)'" <Oharen@hmot.com>, "'Mike Monagan (E-mail)'" <mrmonagan@aol.com>,
"'Phil Isenberg (E-mail)'" <isenberg@hmot.com>, "'Robert Ross (E-mail)'"
<robbiz@cwo.com>, "'Ron Tom (E-mail)'" <Rtom@govadv.com>, "'Scott Govenar
(E-mail)'" <sgovenar@govadv.com>, "'Susan Mccabe (E-mail)'"
<sfmccabe@mindspring.com>, <rtemple@mcnallytemple.com>,
<megan.beiser@edelman.com>, <tracy.fairchild@edelman.com>,
<deborah.fiorito@dynegy.com>, <tcwillia@duke-energy.com>, <mstultz@epsa.org>,
<lchurch@epsa.org>
		 cc:
		 Subject: IEP Press Teleconference Wednesday 3/21 @ 11:30 PST

IEP will brief members of the media on California?s rapidly changing electric
market during a tele-conference  March 21 at 11:30 am PST.  Please feel free
to listen in...

Call In #:    1-800-374-2393
Conference I.D: Independent Energy Producers (IEP)

Thanks,
Jean

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


we would also like to keep all files under g:\west desk\gas reports
and matt lenhart needs to keep a file on his h: drive called "matt-pl"

 -----Original Message-----
From: 	Smith, Matt
Sent:	Thursday, December 13, 2001 10:40 AM
To:	Storey, Geoff
Cc:	Holst, Keith; Kuykendall, Tori
Subject:	needed directories

Jeff,

If there is no limit to size, we would ideally like to move everything within the following directories:

o:\ect_trading\West
r:\webcontent\GasTrading\west_desk

Let me know if we need to narrow these anymore.  They include all west desk files on the network excluding those in the central fundies directories.  Also, will we have a mechanism to transfer individual network directories from the H: drive?  In not, we'll move everyone's directories into one of the above directories.  Thanks.

Mat


Sarah:
I just wanted to thank you for the time and effort that you have spent on my
behalf in trying to resolve this ratings situation.  I know that Bill S. is
still trying to plead my case today with Cindy Benson, but I am afraid that
the damage was done when Memorial's team captain voiced her objection.  Why
do you think that she did what she did and won't this happen again when we
play them?  I look forward to hearing from you.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Rick,

Thanks for your message. I shall talk to Greg Whalley  about his
participation.

Vince


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/06/2000
10:47 AM ---------------------------

"Kleindorfer, Paul" <kleindorfer@wharton.upenn.edu> on 11/04/2000 01:27:00 PM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc: "'kunreuther@wharton.upenn.edu'" <wudj@drexel.edu>, >
Subject: Research Collaboration

Dear Vincent:

In anticipation of our meeting on December 6th at Wharton, I thought you
might find the attached paper of some interest.  This relates primarily to
pricing of risk management instruments for energy (an area of some interest
to ENRON), but is applicable as well to a variety of other settings.  I know
from our discussion that ENRON is interested in weather derivatives and other
exotic options that might apply across several economic sectors.  The work
here could inform this context, but it is better thought of as work that
would inform risk management within a particular sector (e.g., electric
power, chemicals, plastics, etc.).  It is related to some work that John
Birge of Northwestern has been undertaking, and I understand that some of
John's students may be working for you, so if you know any of these folks,
please share it with them.

 <<OR-DKZ.pdf>> We are interested in calibrating the work presented here
empirically and we might have a discussion of this, among other topics, when
you are here on the 6th of December.

In the interim, if any of your staff wish to discuss this matter, please have
them give me a call.

Paul
Paul R. Kleindorfer
Universal Furniture Professor
Professor of Operations and Information Management
Professor of Public Policy and Management
The Wharton School of the University of Pennsylvania
(T) 1-215-898-5830
(F) 1-215-573-2130

 - OR-DKZ.pdf


Per our discussion, attached below is the latest draft of the standard
contract w/GE.

Please give me a call to discuss once NEPCO has had an opportunity to review
the draft contract.

Thanks,

Scott

"Thompson, Peter J." <pthompson@akllp.com> on 05/22/2001 08:08:33 AM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Cobb, Chris" <chriscobb@akllp.com>

Subject: GE Turbine Form Agreement

 Pursuant to my voice mail message, attached please find a clean
copy of the current GE Form Agreement (second document below), as well
as a blackline (first document below) showing changes made to the
version circulated on March 19.  this version does not contain the
"Robust Scope" language in Section 7, nor does it make any significant
changes to Change orders (other than move what had been in Section 5.3
into that Article pursuant to one of our earlier conference calls.  I
have also not touched the takeover provision.  Chris can be reached at
(202) 662-2016.
 <<Comparison of GE Turbine Agreement, Versions 4 to 5.DOC>>  <<GE
Agreement - Version 5.DOC>>
 - Comparison of GE Turbine Agreement, Versions 4 to 5.DOC
 - GE Agreement - Version 5.DOC


Hi Mr. Kaminski,

Please send me your Assistants name and number so I  can schedule a time for
you and Kevin to go to lunch next week.

Thanks!

Rebekah Rushing (rebekah_rushing@enron.net)
Enron Broadband Services
Broadband Ventures group
713-853-3273 - phone
713-646-8010 - fax
----- Forwarded by Rebekah Rushing/Enron Communications on 01/05/01 02:00 PM
-----

	Kevin Garland
	01/05/01 12:04 PM

		 To: Vince J Kaminski/HOU/ECT@ECT
		 cc: Rebekah Rushing/Enron Communications@Enron Communications
		 Subject: Meeting Requested

Vince,

I would like to meet with you or someone in your group to discuss some of the
investment ideas and structures we are exploring.  How is your group
structured these days?  Who would be best for me to meet?  Might you be
available for lunch next week?  I will have my assistant contact you.

Thank,

Kevin Garland


I've sent a draft to you and Reagan via email.  There are questions and
blanks in it. Kay

8774984248@pagenetmessage.net on 04/05/2001 06:39:07 AM
To: kay.mann@enron.com
cc:

Subject:

Kay, Any word on contract?  Any new questions on anything?  Call or page me.
Will be at FMPA/FT.Pierce meeting in Orlando on Thurs.  Take care and thanks.

David Fairley


Hello - I was the one who asked about your high chair covers at Fuzzy's pizza
the other night.  I was wondering if i could get more information on patterns
and cost.  Thank you.


"Kirkpatrick, Joe" <joe.kirkpatrick@nrgenergy.com> writes to the
NYISO_TECH_EXCHANGE Discussion List:

There are still no answers to the questions (below).

In addition to this I am curious that when the NYISO requests generation for
ISO security it is only Transmission Owner generation that is dispatched,
undoubtedly avoiding merchant generation from being dispatched. I was
wondering where the tariff language is to justify this type of out-of-merit
generation dispatch.

05-Dec-2000 16:23:41 ISO REQUESTS GILBOA___4 OUT OF MERIT FOR ISO SECURITY.
AT 16:30 12/05/00
05-Dec-2000 16:27:45 ISO REQUESTS GILBOA___4 OUT OF MERIT FOR ISO SECURITY.
AT 16:30 12/05/00
05-Dec-2000 16:32:45 12/05/2000 16:31:54 NYISO SCD reserve pick-up remains
active.
05-Dec-2000 16:34:24 12/05/2000 16:21:49 NYISO SCD reserve pick-up executed.

05-Dec-2000 16:49:37 ISO REQUESTS GILBOA___4 OUT OF MERIT FOR ISO SECURITY.
AT 17:00 12/05/00
05-Dec-2000 17:00:17 12/05/2000 16:58:49 NYISO SCD reserve pick-up executed.

05-Dec-2000 17:21:20 TP-CH REQUESTS ROSETON___2 OUT OF MERIT FOR ISO
SECURITY. AT 17:04 12/05/00
05-Dec-2000 17:21:41 ISO REQUESTS ROSETON___2 OUT OF MERIT FOR ISO SECURITY.
AT 17:04 12/05/00
05-Dec-2000 17:21:55 ISO REQUESTS POLETTI____ OUT OF MERIT FOR ISO SECURITY.
AT 17:05 12/05/00

What deficiencies are there in the SCD software that it cannot handle load
pickups?
What is an NYISO SCD reserve pickup, and how does it affect generation from
setting clearing prices?

Why do these questions go unanswered, if there is tariff language to support
this please point me in the right direction.

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

I have a question or two with regard to the following "Operational
Announcements" (Below). These are a few examples of many that are requests
for generation being requested out-of-merit by the NYISO for NYISO security.

In my limited understanding of the way SCD works I had thought that the only
reason the ISO or a Transmission Owner would request generation out-of-merit
is to resolve for a constraint or system condition that SCD could not (set
me straight if I am off-base).
Requesting generation out-of-merit to resolve for system security is an
effective method of quickly resolving for an out-of-scope SCD system problem
and by definition will not set clearing price.

1. What are the rules and procedures in place to request generation
out-of-merit both for local (Transmission Owner) and ISO request.
2. What other control actions have to be exhausted prior to initiating a
request for generation to be called on out-of-merit.
3. Are the generation bids available to the requestor(s) prior to making the
request. (Is economics a consideration?)
4. When load is available to be dispatched, will it be considered as a
control action instead of generation?
5. Is generation called on out-of-merit to resolve for DNI constraints.
6. In particular for Gilboa it was my understanding that prior to requesting
additional generation from Gilboa that an emergency was to take place. Is
there another agreement in place between the NYISO and NYPA. Below is an
excerpt from the ICAP manual.

4.4.2 Energy Limited Resources

Energy Limited Resources that are ICAP suppliers must be able to provide the
Energy equivalent of their claimed ICAP for four (4) hours each day. Energy
Limited Resources must bid or schedule in the Day-Ahead Market for
twenty-four (24) hours each day in such a way as to enable the NYISO to
schedule them for the period in which they are capable of providing the
energy.
An Energy Limited Resource must also provide the NYISO with information
concerning the hours during which it will be recharging or replacing
depleted
resources. Once the resource has provided four hours of Energy equivalent
ICAP, the NYISO will not call on an Energy Limited Resource during its
recharge
hours, except in the case of an emergency.


See my initial email to Sam Schott and Stephanie, about 3rd email from the
bottom, there's two samples of how we could set divisions (the same could be
said for dba's).
----- Forwarded by Tana Jones/HOU/ECT on 04/16/2001 04:36 PM -----

	Mark Taylor
	04/16/2001 03:30 PM

		 To: Bill D Hare/HOU/ECT@ect
		 cc: Samuel Schott/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT
		 Subject: Urgent - Counterparty Divisions: Cargill Ferrous International

Bill -

If Sam's description below of the GCP procedure is correct, it looks to me
like something needs to be changed.  The difficulty lies in the fact that the
confirmation system reads the counterparty's name from Global Counterparty.
Since divisions of companies are not legal entities they do not have the
power to contract in their own names.  If the correct legal name is not in
Global Counterparty, the confirmation goes out with the wrong legal name on
it seriously compromising the contract itself.  That is the source of Tana's
concern regarding the correct entering of divisions in the system.

My suggestion is that Global Counterparty use the same name that the customer
has signed on the EnronOnline Password Application -- my understanding is
that the EnronOnline team returns inappropriate Applications to the customer
until they are correctly completed.

In this particular case since the counterparty is still not allowed to
transact on EnronOnline almost a month after sending in their application
they are understandably upset and are now complaining.  I would appreciate it
if you could get this one fixed today and, if you have any problem with
changing the GCP procedure, please let me know.

Mark

----- Forwarded by Mark Taylor/HOU/ECT on 04/16/2001 03:15 PM -----

	Tana Jones
	04/16/2001 03:11 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL approvals, 3-20-01 _ GCP (US) Response -
CP/ID 94330, Cargill Ferrous International

----- Forwarded by Tana Jones/HOU/ECT on 04/16/2001 03:11 PM -----

	Samuel Schott
	03/28/2001 01:09 PM

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

FYI...

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

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

Best Rgds.

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

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

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

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

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

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

Hello,

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

Best Rgds.

Samuel

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

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

Tana,

Please review the process below:

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

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

Thanks,
Stephanie

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

Sam & Stephanie,

Re:  Cargill Ferrous International

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

	Samuel Schott
	03/21/2001 01:58 PM

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

Any GCP adjustments will be highlighted in red.

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

Best Rgds.

Samuel x3-9890
ENW_GCP

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

Please see attached.


I got several responses last night and this morning by email, so I am
attaching a revised list.


Please send an e-mail to "Experience Enron" and let them know the tours need to be conducted as far away from the trading floor as possible and limited to no longer than 5 minutes.   I don't want any of our screens visible to the customers, not matter who they are.

Thanks.


Julie-

Is there any chance that the recognitions will be available prior to May 9?
Our troop is having its last meeting before the summer on the afternoon of
May 9.  Let me know if I can help.

Thanks,

Susan Pereira