---------------------- Forwarded by Daren J Farmer/HOU/ECT on 10/27/2000
10:04 AM ---------------------------

Christy Sweeney
10/25/2000 11:07 AM
To: Daren J Farmer/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT
cc: Gary Bryan/HOU/ECT@ECT
Subject: FW: N. Padre 883 gas allocation

Daren and Lauri,

Per Gary, I am forwarding the below percentage split for Spinnaker.  I have
highlighted the split in Blue.

Thank you!!!!

Christy
39050

---------------------- Forwarded by Christy Sweeney/HOU/ECT on 10/24/2000
03:19 PM ---------------------------

Dan McCue <mccue@spinexp.com> on 10/09/2000 10:50:23 AM
To: "'christy.sweeney@enron.com'" <christy.sweeney@enron.com>
cc: "'gbryan@enron.com'" <gbryan@enron.com>, "Bill Young (E-mail)"
<billyoung3@aol.com>

Subject: FW: N. Padre 883 gas allocation

Christy, I think there is a good chance that the information shown below
went to you, or your office.

I would like to get involved in finalizing plans for revenue distribution
for the N. Padre production.  I am certain you are way ahead of me on this
matter.  Spinnaker expects a Division Order Title Opining within a few
weeks.  I also expect the attorney to make some title requirements which
will delay a final Opinion.  In talking with Ranger and The Houston
Exploration Company, they are prepared to receive their gross (shown below)
and be responsible to their respective ORRI owners.

How do you recommend we proceed?  Will HPL pay taxes on behalf of the
parties?

When you get a minute, please call me at 713/759-1770.

Thanks,

Dan McCue
>  -----Original Message-----
> From:  Kenny Orr
> Sent: Wednesday, September 27, 2000 3:38 PM
> To: Kelly Barnes; Dan McCue
> Cc: 'Billyoung3@aol.com'
> Subject: N. Padre 883 gas allocation
>
>
>
> I informed a person at Houston Pipeline Company that the gas volumes
> should be allocated as follows:
>
>
>   State of Texas    21.894500%
>   Ranger     27.336925%
>   Spinnaker    27.336925%
>   Houston Exploration   23.431650%
>


Shirley,

Please, put it on my calendar.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/02/2001
05:44 PM ---------------------------

Joana Ryan Bekerman@ENRON
01/02/2001 04:51 PM
To: dhoog@att.net@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Amitava
Dhar/Corp/Enron@ENRON
cc: Jere C Overdyke/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Valuation

We have a meeting tentatively scheduled for Tues, Jan 9 at 3pm with David
Port from RAC to discuss the valuation methodology (VAR v. CAR) for the
outage option book for GRM.
Let me know if you foresee a conflict with this time.
Thanks,
Joana


Chris, thanks for the update - ensure that Azurix is eliminated from the
project which can help financially support the Calpine water discount.  Do
not hesitate to contact Amanda Martin or Garrisson directly on this one if
needed.

What is the status of LV?

Regards
Delainey


On November 17th we will be converting fully to the new website location for
the Weekly Regulatory Report.  If you are having any difficulties in linking
or pulling up this website, please advise.  The URL listed below is lengthy
but shortens a step for you.

http://172.30.10.204/quickplace/ferc/Main.nsf/h_AB62752386F4B8358625692F005FCA
60/F22F366CA483BCAF8625698700737E62?OpenDocument&Form=h_PageUI

If this does not work, here is the shorter version that brings you to the
site, then click on Weekly Report for the most current report.

http://172.30.10.204/quickplace/ferc/Main.nsf

Thank you.


It was great - we ended up having a really eclectic mix of people. You should
have stopped by! No worries, though, I'm sure we'll have many more. Thanks
for the info for Molly - I'll pass it along, for whatever it's worth. Also, I
noticed you hadn't deposited the check yet - if you'd like, I can bring you
cash at about 11:30 this morning. Just thought maybe that would be easier for
you. Let me know.

Kate

Mary Jane Symes <marys@tvapdx.com> on 02/20/2001 09:39:17 AM
Please respond to "marys@tvapdx.com" <marys@tvapdx.com>
To: "'kate.symes@enron.com'" <kate.symes@enron.com>
cc:

Subject:

Hi Kate,
 Here is the name of the organization I thought Molly might be interested in.
Oregon Natural Step
  (a project of the Northwest Earth Institute)
  506 SW 6th Avenue, Suite 1100
  Portland  OR  97204
  503.241.1140
  fx.503.241.7429
I have more information about them if she's interested.
How was your party?
MOM


Sara, my calendar says we have two brokerage meetings for tomorrow.  You and
I may have set up one individual one and then apparently there is a team
meeting.  I do not think we need to meet twice so maybe we should just all
meet in the afternoon, right?

Cheryl Nelson
Senior Counsel
EB3880D
(713) 345-4693


Central, sithe and aruba are there now. sorry.
PL


GOLF THIS WEEKEND ANYONE??


I guess our own people were successful in getting the decisions off the web

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/18/2001 02:12 PM -----

	Tamara Johnson@EES
	06/18/2001 01:53 PM

		 To: Susan J Mara/NA/Enron@ENRON
		 cc:
		 Subject: Re: Proposed Decisions of the CPUC on PX Credit and Suspending
Direct Access

Sue,
I saw the ALJ decision and Bilas decision on the website.  Is Cmmr Wood's
decision the same as the ALJ's (attached)?  If it's different, let me know
and I will contact Jim for a copy.

here's the Bilas one if you want to distribute - it has the DWR memo at the
back.

/TJ


As you know, the mid year PRC process is underway.  The system "officially"
closed for feedback last Friday, 6/1.  The system will remain usable by
supervisors until the PRC process has completed.  Below is a schedule of
other dates that you should be aware of:

6/18  EGM Commercial Support PRC Meeting
6/19  EGM Trading PRC Meeting
6/20  EGM Origination PRC Meeting

6/25  Associate and Analyst PRC Meeting

7/10  EWS Final PRC Meeting
(In this meeting, Mgr and above will be cross-calibrated for all of EWS.
Below Mgr, the curves for each job group will be reviewed at the business
unit level and then overall for EWS.  At the end of this meeting, there will
be a pre-PRC for VP's in preparation for the 7/23 meeting.)

7/23 & 7/24 Executive Committee PRC
  (In this meeting, VP's and MD's will be rated relative to their peers
across Enron.)

A few side notes:

? Please make sure your employees have completed a self-evaluation.  The
"accomplishments" section of this evaluation is viewable in the PRC meeting
in which the employee is reviewed.  (As of today, the system will still allow
employees to complete the self-evaluation.)
?
? As you are preparing to represent employees in a PRC meeting, be aware that
the consolidated feedback and self-evaluation are printable.
?
? Lastly, if you will be asking any of your direct reports to attend one of
the EGM meetings on 6/19-6/20, please let me know asap.  I must provide a
complete list of meeting participants before we are able to conduct the
meeting.  (Pls. err on the side of less rather than more people while
ensuring that employees receive fair representation).

Please call me (ext. 59386) or Khymberly Booth (ext. 36019) should you have
any additional questions.


please see attached re gisb.

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 08/23/2000 05:18 PM -----

	Veronica Espinoza@ENRON
	08/17/2000 01:59 PM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc: Russell Diamond/HOU/ECT@ECT
		 Subject: GISB--Houston Energy Services Co

Debra,

Craig Taylor  would like to have a GISB executed with Houston Energy Services
Company LLC.  The contact there is Carol Wood 713-463-5040.  They are not set
up in the system yet; I'm working on that at the moment.  All I have on them
thus far is a D&B report.

Their address is 10497 Town & Country Way, #150  Houston, TX  77024.

If you need any other info, give me a call and I'll try to get it for you.

Thanks,

Veronica


Hi!

I was off work yesterday, so I just got your email.  You gotta love
President's Day.  We went to the rodeo last night, and I'm really tired
today.  I'm too old to go out on a school night!

Mom said that the dr wants to do a sonogram on Dad's neck to check out the
blockage.  When I talked to her they didn't know when it would be scheduled.
Evidently there is some unclogging procedure they can do.  Sounds dangerous
to me, but I don't really know anything about it.

Too bad about Katie's asthma.  I was worried that Paige has it, but she went
through a bunch of tests and they said she doesn't have it.  Just really bad
allergies that make her wheeze.  I'm not sure of the difference, but I
believe this dr.

Michael still isn't interested in playing team sports.  We asked this spring
and he said not yet.  I don't know why he doesn't want to play, but I don't
want to push him either.  Maybe I should take him to watch some little kids
play.  Maybe we can come watch Annie play.

Neil's rodeo stuff will be over next week. Everything else is business as
usual around here.

Say "hey" to everyone.

Love,

Kay


You have received this email because the requester specified you as their Manager. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000039285&Page=Approval to review and act upon this request.

Request ID          : 000000000039285
Request Create Date : 6/6/01 3:10:38 PM
Requested For       : jinbaek.kim@enron.com
Resource Name       : Unlisted Application/Software
Resource Type       : Applications


FYI
---------------------- Forwarded by Jinsung Myung/Corp/Enron on 03/07/2000
06:31 PM ---------------------------

Jinsung Myung
03/07/2000 09:07 AM
To: Donald M- ECT Origination Black/HOU/ECT@ECT
cc:

Subject: Sensitivity analysis on Retail Short

Don,

Here is a couple of updates on Retail Short.

- I realized that power curve has impact on both expense from serving EES
load and spread option value, so I asked Carl to run spread option model with
different mid curve scenarios as well as correlation.

- To make our analysis easier, I would like to have 40/60 of debt/equity and
1.5 of DSCR (as you originally suggested), so that we can concentrate on
"Energy charge" to EES.

Please let me know, if you have any concern. We should be able to finish by
today. Thank you.

Jinsung (37330)


Kevin,

Attached are the EES Bid/Offer spreads that have been updated to reflect East
Power's changes as of 1/17/01.

Peter

	From:  Kevin M Presto @ ECT                           01/17/2001 07:17 AM

To: Peter Makkai/NA/Enron@Enron
cc:

Subject: Latest Proposal - EES Bid/Offer Spreads

After I get handwritten changes from desk heads, please re-create our version
of the EES 2-ways (combine on-peak and off-peak pages) for my review and then
we will send to EES via e-mail.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 01/17/2001
07:16 AM ---------------------------
From: Paula Warren@EES on 01/16/2001 05:01 PM
To: Kevin M Presto/HOU/ECT@ECT
cc: dblack@enron.com
Subject: Latest Proposal - EES Bid/Offer Spreads

Kevin:

 As per Don's request, I have attached the spreadsheet with the latest
proposal for EES bid/offer spreads.  Thanks--Paula


Executed Contract for Coyote and Change Order #1, with its associated consent
to assignment:

To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
karl.silverling@ps.ge.com, michael.barnas@ps.ge.com, stephen.swift@ps.ge.com
cc:

Subject: Electronic file of Coyote Springs contract

Hi guys,

Could someone send an electronic file of the execution copy of the Coyote
Springs contract?

Thank you,

Kay


Tim Belden

 -----Original Message-----
From: 	Lewchuk, Ken
Sent:	Tuesday, July 03, 2001 12:21 PM
To:	Stokley, Chris
Subject:	FW: CSC Work Request

Chris,
As part of independence issues, the requesting group / VP should be EES (i.e. not Enron Assurance).  Who would be appropriate?

kl
 -----Original Message-----
From: 	Gresch, Robert
Sent:	Tuesday, July 03, 2001 2:16 PM
To:	Lewchuk, Ken
Subject:	Re: CSC Work Request

Ken, we need to identify who the VP over the requesting group is in the request.  Would this be Evan?

From:	Ken Lewchuk/ENRON@enronXgate on 07/03/2001 02:11 PM
To:	Robert D Gresch/HOU/EES@EES, Chris Stokley/ENRON@enronXgate
cc:
Subject:	CSC Work Request

FYI, here is a copy of the work request I have forwarded to Jacqueline.

Regards

 << File: CSC Work Request.doc >>


You received this e-mail because you  registered on the E*TRADE Web site, or
on one of our partners' sites. If  you do not want to receive partner e-mail
offers, or any E*TRADE marketing  e-mail, you can change your preferences
now. You are subscribed at: alewis@ect.enron.com
?

		[IMAGE]
[IMAGE]
	[IMAGE]

	[IMAGE]

	[IMAGE]

	[IMAGE]	[IMAGE]

		[IMAGE]

?

E*TRADE and the E*TRADE logo are registered trademarks of E*TRADE Group, Inc.
or its subsidiaries. All other trademarks mentioned herein are the property
of their respective owners. All rights reserved.

Although we are sending this e-mail to you,  E*TRADE is not responsible for
the advertisers' content and makes no  warranties or guarantees about the
products or services advertised.  E*TRADE takes your privacy seriously. To
learn more about E*TRADE's use of  personal information, please read our
Privacy Policy. If you do not want to receive further mailings from E*TRADE,
unsubscribe now. If you have previously unsubscribed from E*TRADE's e-mail
list,  but have received this mailing, please note that it takes
approximately  five business days to process your request.
[IMAGE]


Don't forget to chat with VNG about Nabisco.

VNG should have released 700 dth of CGAS capacity to Nabisco effective
11/1/2000 - 10/31/2001.  Nabisco was not set up as a prearranged bidder at
the time.  During Nov bidweek for Dec, Nabisco asked me to release the
capacity.  Since the term was less than 1 year, I couldn't release the
capacity non-biddable.  I spoke to Jeff Huston about it early last week and
he said he would get back to me.   Dick suggested I tell you.  TAGG - you're
it, I will await your command.  Mr. Scott Goodell said we could release the
capacity for 1 year eff 1/1/2001 and then recall Nov and Dec.


Mark,

Jeff is considering taking Jeffrey on an African safari July 4-13, and was
wondering if you would have any interest in joining them.  He is in the
process of gathering information now and has not yet committed, but wanted to
guage your interest.  He's looking primarily at the Ngorongoro conservation
area and the Serengeti.  I can forward a proposed itinerary to you once
received from the guides.

Please let us know if you're at all interested.

Thanks, Sherri


dana,

I still have some of the Velocity/Condor entries that will need to be filed.

Brian

	From:  Dana Davis @ ECT                           02/01/2001 02:46 PM

To: Brian Schwertner/NA/Enron@Enron, Rosalyn Lum/Corp/Enron@Enron, Lisa
Best/Corp/Enron@Enron, Lisa King/HOU/ECT@ECT, Kristi
Fredericks/NA/Enron@ENRON, Laynie East/HOU/ECT@ECT, Susan
Rance/NA/Enron@Enron, Stacy Hardy/Corp/Enron@ENRON, Brian K
Dawson/NA/Enron@ENRON, Dana Davis/HOU/ECT@ECT, Tammy Barta/HOU/ECT@ECT,
Rufino Doroteo/HOU/ECT@ECT, Brad Carey/NA/Enron@Enron, Stephen
Wolfe/HOU/ECT@ECT, Lisa Kang/NA/Enron@Enron
cc:

Subject: December 2000 Journal Entries

FYI:
The managers also have Co.0919 12/31/00 journal voucher packet too.


Ashley,

Thnaks. I shall attend the reception. I shall ask Shirley to set up a meeting
with you to discuss
spring events on campus.

Vince

Ashley Baxter@ENRON on 01/04/2001 04:01:01 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Invitation...Welcome New Analyst Reception

Hello Vince

I wanted to forward the following invitation to you.  We are putting the
Technologists through an orientation which includes a few days with the
Analyst program - and the following is one of the events that they have
scheduled on Jan. 16th.  I wanted to forward to you as more of an FYI since
we do not have any Cal Berkeley candidates starting on Jan. 8th.  Also - we
are starting to set some of the events on campus for the Spring - so we
should probably get together soon.  Please let me know what works best for
you!

Thanks,
Ashley


(See attached file: 3 & 6 Month Bill Announcements.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - 3 & 6 Month Bill Announcements.pdf


Thank you to everyone who participated in the XMS Web Expense Report
contest.  We had over 1000 responses with 906 correct answers.  Randy Klug of
EBS in Portland was the winner.  Congratulations, Randy, and thank you all
for participating.


We have recevied the following executed  EEI Master Energy Purchase and Sale
Agreements:

El Paso Merchant Energy, L.P. - 3/1/01 (effective 3/1/01)
Southern California Water Company - 2/20/2001
Constellation Power Source, Inc. - 2/20/2001
City of Azusa - 2/21/2001

Copies will be distributed to Legal and Credit.


-----Original Message-----
From: Cherry, Michael
Sent: Tuesday, November 06, 2001 8:13 AM
To: Cherry, Beth
Subject: RE: Advertising campaign offends Mormons
 I just puked on my shoes.
-----Original Message-----
From: Cherry, Beth
To: Cherry, Michael
Sent: 11/6/2001 8:03 AM
Subject: RE: Advertising campaign offends Mormons
Brittany Spears and INSYNC are remaking Greece. Armageddon is around the
corner.
Beth Cherry
___________
Sr. Creative Consultant
EnFORM Technology
713.350.1860


Guys, attached you will find a final cut on the ENA 2001 expense budget.
Please review and make any adjustments to your existing plan that are
appropriate to hit the net ENA target.  In order to stay flat year on year, I
split the remaining positive variance equally across the groups.  As we had
discussed earlier, these costs will not be allocated to the business units
and will be tracked on the ENA income statement below the line and the
accountability managed by each of you.  All outside variable costs,
specifically related to specific deals, will be charged to the business units
eg) outside legal and tax, outside technical expertise, facility costs,
outside research support, incremental back and mid office support for
specific asset management deals, specific entertainment, etc.  I look at this
cost structure as the minimum capacity charge we need to operate our business
and evaluate/manage our risks.

Wes, can you please  finalize the one page plan (expenses and headcount) for
each group with these changes.

Regards
Delainey


Attached is the filing TW made on Tuesday asking for the authority to buy and sell call and put options on existing capacity.
A Commission order will be due on it on November 16.


The following is a summary of our findings for selecting a Risk System for
the ETS Marketing Department.  Meetings were held with Richard Burchfield,
Stephen Stock and Steve Nat to review the TAGG, ERMS and EnPower systems as
possible alternatives for a risk system for ETS.  Lee Ferrell and Vernon
Mercaldo represented the ETS commerical group.   In summary,  ETS is looking
for a risk system that is fully integrated from Deal Capture to Billing and
can be implemented in the 30-60 day timeframe.  They are anticipating maximum
concurrent users of about 10 with approximately 20 deals per month.  Overall,
it looks like the Caminus package offers ETS a faster and smoother
implementation, does not expose us to any market affiliate violations or
suspicions and is reasonably affordable with an estimated on-going
maintenance costs of less than $100,000/year.  The following provides more
details and I have attached a functional comparison.  Please let me know if
you have any questions or further followup that I need to address.  Thanks.

Summary of Findings
Based on our discussion with Richard Burchfield and Stephen Stock, we
rejected the possibility of using TAGG and ERMS because these applications
are not able to handle spread options (one of the key ETS requirements).
Richard suggested we take a look at EnPower.  This system was considered a
closer fit and also more portable.  After closer inspection,  the EnPower
System is not currently a  fully integrated product.  There are plans to
integrate several of components into the product, but at this time, the
system has interfaces to several other external applications including the
following:

 RAC for Risk Management
 DECAF for deal confirmations
 PORTCALC/TAGG/ERMS for loading price curves and price calculations
 UNIFY for billing
 Desktop Models for Settlement
 Global Counterparty for Trading Partner and Credit

All of the above applications would have to be certified by an outside party
to make sure that we could protect all parties regarding Market Affiliates.
This would entail evaluating each system's current security, testing and
possibly requiring changes to meet security requirements.  This process could
take a significant amount of time to complete and might still constitute a
violation of the marketing affiliate rules or would at minimum create the
appearance of marketing affiliate violations.  We discussed this alternative
with Drew Fossum, NNG Legal Counsel, and Drew is in concurrence with this
opinion.

Regarding costs, the IT team did not attempt to estimate an on-going support
costs figure since there would be several factors to consider.  Additionally,
there is a concern regarding how the Pipelines would achieve priority on
getting their production problems and enhancements addressed considering the
current demands on IT resources.

Functional Comparison Matrix


Email me a resume and your career goals.

-----Original Message-----
From: "Irfan Ali" <iali.mba2002@ivey.ca>@ENRON
Sent: Mon 1/29/2001 10:57 PM
To: Lavorato, John J.
Cc:
Subject: Advice / Information....

 D ear John,

I am first  year MBA student at Richard Ivey School of Business, University of Western  Ontario.

I  have a bachelors degree in electrical engineering and prior to returning to the  business school Iworked in oil &  gas and telecom industries. I was interested in finding out  oppertunities for summer internships at Enron that will eventually lead towards Enron's  Associate program for full time employment.

I  understand that you must have a very busy schedule due to your position. I would  appreciate any kind of advice and  guidanceand will look forward to  hearing from you.

Regards

Irfan  Ali

Irfan  Ali

MBA Class of 2002

Richard Ivey School of  Business

Tel : (519) 642 3052 <mailto:iali.mba2002@ivey.ca> <<mailto:iali.mba2002@ivey.ca>>


You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000009315&Page=
Approval to review and act upon this request.

Request ID          : 000000000009315
Request Create Date : 12/6/00 8:47:26 AM
Requested For       : maria.garza@enron.com
Resource Name       : EOL US Other
Resource Type       : Applications


FYI - itinerary.
---------------------- Forwarded by Steven J Kean/NA/Enron on 07/05/2001
08:57 AM ---------------------------
From: Christina Grow/ENRON@enronXgate on 07/03/2001 12:26 PM
To: Stanley Horton/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron, Mark
Koenig/ENRON@enronXgate, Paula Rieker/ENRON@enronXgate
cc: Cindy Stark/ENRON@enronXgate, Maureen McVicker/NA/Enron@Enron, Laura
Valencia/ENRON@enronXgate

Subject: Revised INGAA Itinerary

Please note departure time has changed and dinner time has changed. I will
contact Papa's assistant to give her details of the changes.

Thanks,

Chris
Ext:  3-6021


I guess I'll stop picking up random tennis balls off the street and carrying
them around in my mouth. Bummer!


Start Date: 4/8/01; HourAhead hour: 16;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040816.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 16 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BEAR
  ENGY_TYPE: WHEEL


Attached are our responses to # 1, 17, 18, 19, 20 & 21 for Transwestern.

Rick, for your review, Amy Mulligan gave me the volumes each month for Calpine & Griffith.  We used actual volumes delivered (not scheduled volumes), per question #19.


---------------------- Forwarded by V Charles Weldon/HOU/ECT on 01/09/2001
03:08 PM ---------------------------
To: V Charles Weldon/HOU/ECT@ECT
cc:
Subject: Re: Hurricane Warning Derivatives

Sunbeam (generator division) is also very pro-hurricane

	Enron North America Corp.

	From:  V Charles Weldon                           11/02/2000 03:13 PM

To: Mike A Roberts/HOU/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Claudio
Ribeiro/Corp/Enron@Enron, Gary Taylor/HOU/ECT@ECT, Todd
Kimberlain/NA/Enron@Enron, Joseph Hrgovcic/HOU/ECT@ECT, Jose
Marquez/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT, Milind
Pasad/HOU/ECT@ECT
cc: william.smith@enron.com, Stephen W Bennett/HOU/ECT@ECT
Subject: Hurricane Warning Derivatives

Folks,

This note is intended to update all who may be concerned on our progress
toward developing a commercial hurricane warning derivative product or line
of products.

It is clear that numerous entities have underlying exposures to hurricane
warning frequency and/or duration.  It is our objective to develop derivative
products that will enable these entities to effectively hedge this
exposure.   We have generated a partial brainstorm-style list of whom natural
counterparties might be according to their underlying exposure:

Pro-Hurricane     Anti-Hurricane
The Weather Channel    Resorts
Home Depot     Cruise Ships
Lowes      Riverboat Casinos
CNN      Chemical Plants and Refineries
Local TV Stations    U.S Armed Forces
Dry Ice Manufacturers    Athletic Teams
Chainsaw Manufacturers   City Governments
Insect Repellant Manufacturers   State Governments

It is obvious that there are numerous naturally offsetting parties but it is
important to note that the pro-hurricane entities are more macro in nature
while the anti-hurricane entities are typically more regional.  Thus, we have
documented the frequency and duration data by regional location with the
thought that the anti-hurricane entities would be interested in regional
products and the pro-hurricane entities would likely be more interested in
bundled regional products depending on their exposure.

Thus far, we have collected and documented all U.S hurricane warning data
from 1980-2000 in the form of an Excel database.  The data can be sorted by
year, storm, or location on the U.S coastline.  Total hurricane warning
duration as well as number of discrete hurricane warnings are the primary
data sets of interest for any given location (or year or storm).  The U.S
coast has been divided into 11 different geographic regions of roughly
similar size.  These regions are: New England, Mid-Atlantic, Virginia, North
Carolina, Georgia/South Carolina, East Florida, West Florida, Florida
Panhandle, Orleans/Miss/Bama, Lousiana, and Texas.

While this data set may not yet be sufficient for price modeling purposes, it
has confirmed our expectation that hurricane warning frequency and duration
is quite volatile and unpredictable.   It is believed that this volaility,
when graphically depicted and mathematically represented, could be used to
effectively demonstrate to would-be customers the impact of hurricane warning
frequency on their business financials.  In many cases, businesses may be
well aware of their exposure but may not have quantified it and certainly
probably felt as if this was a risk they would have to wear themselves.

As we move forward on the modeling front, the data will certainly need to be
scrutinized to correct for any skewing factors such as political trends,
satellite availability, population trends, etc.   Additionally, we need to go
further back in time so long as the accuracy doesn't decline.

On the marketing front, I am certainly open to ideas.  It is believed the
Weather Channel would be the most natural party for such a product.  Given
our positive relationship that we currently have with them, they might be the
easiest sell.     Any and all ideas are welcome with regard to how and when
we should approach customers.

Please respond with any questions, comments or concerns on this project.

Thanks,

Charlie


Preempt me, please!

Jeff Dasovich@EES
09/13/2000 06:22 PM
To: Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Cynthia
Sandherr/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Paul
Kaufman/PDX/ECT@ECT, Sandra McCubbin/SFO/EES@EES, Mona L
Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, James D Steffes/HOU/EES@EES,
mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, Richard Shapiro/HOU/EES@EES,
Steven J Kean/NA/Enron@Enron
cc:

Subject: Two Governor's Press Releases--More Courage from the Capitol

---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/13/2000 06:18
PM ---------------------------

"Julee Malinowski-Ball" <jmball@ns.net> on 09/13/2000 06:10:16 PM
Please respond to "Julee Malinowski-Ball" <jmball@ns.net>
To: "Baker Carolyn (E-mail)" <cabaker@duke-energy.com>, "Bill Carlson
(E-mail)" <william_carlson@wastemanagement.com>, "Bill Woods (E-mail)"
<billw@calpine.com>, "Curt Hatton (E-mail)" <curt.hatton@gen.pge.com>,
"Curtis Kebler (E-mail)" <curtis_l_kebler@reliantenergy.com>, "David Keane
(E-mail)" <dnke@dynegy.com>, "David Parquet (E-mail)"
<dparque@ect.enron.com>, "Duane Nelsen (E-mail)" <duanenelsen@msn.com>, "Ed
Tomeo (E-mail)" <ed.tomeo@uaecorp.com>, "Edward Maddox (E-mail)"
<emaddox@seawestwindpower.com>, "Eileen Kock (E-mail)" <eileenk@calpine.com>,
"Ellery Bob (E-mail)" <bellery@spi-ind.com>, "Escalante Bob (E-mail)"
<riobravogm@aol.com>, "Frank DeRosa (E-mail)"
<fderosa@sanfrancisco.usgen.com>, "Greg Blue (E-mail)" <gtbl@dynegy.com>,
"Hap Boyd (E-mail)" <rboyd@enron.com>, "Jack Pigott (E-mail)"
<jackp@calpine.com>, "Jan Smunty-Jones (E-mail)" <smutny@iepa.com>, "Jim
Willey (E-mail)" <elliottsa@earthlink.net>, "Joe Greco (E-mail)"
<joe.greco@uaecorp.com>, "Joe Ronan (E-mail)" <joer@calpine.com>, "John Stout
(E-mail)" <john_h_stout@reliantenergy.com>, "Jonathan Weisgall (E-mail)"
<jweisgall@aol.com>, "Katie Kaplan (E-mail)" <kaplan@iepa.com>, "Kent Fickett
(E-mail)" <kfickett@usgen.com>, "Lynn Lednicky (E-mail)" <lale@dynegy.com>,
"Marty McFadden (E-mail)" <marty_mcfadden@ogden-energy.com>, "Paula Soos
(E-mail)" <paula_soos@ogden-energy.com>, "Robert Lamkin (E-mail)"
<rllamkin@seiworldwide.com>, "Roger Pelote (E-mail)"
<rpelote@energy.twc.com>, "Steve Ponder (E-mail)" <steve_ponder@fpl.com>,
"Steven Kelly (E-mail)" <steven@iepa.com>, "Sue Mara (E-mail)"
<smara@enron.com>, "Tony Wetzel (E-mail)" <twetzel@thermoecotek.com>, "Trond
Aschehoug (E-mail)" <taschehoug@thermoecotek.com>, "William Hall (E-mail)"
<wfhall2@duke-energy.com>, "Richard Hyde (E-mail)" <rwhyde@duke-energy.com>,
"Sandi McCubbin (E-mail)" <smccubbi@ees.enron.com>, "Stephanie Newell
(E-mail)" <stephanie-newell@reliantenergy.com>, "Jeff Dasovich (E-mail)"
<jdasovic@enron.com>
cc: "Karen Edson" <kedson@ns.net>
Subject: Two Governor's Press Releases

GOVERNOR DAVIS PRESSES FERC FOR ACTION ON WHOLESALE POWER RATES: Calls on
Federal Regulators to Reduce Prices, Issue Refunds

GOVERNOR DAVIS NAMES KAHN CHAIR OF THE GOVERNOR'S CLEAN ENERGY GREEN TEAM

OFFICE OF THE GOVERNOR
----------------------------------------------------------------------------
----
PR00:238
FOR IMMEDIATE RELEASE
September 12, 2000

GOVERNOR DAVIS PRESSES FERC FOR ACTION ON WHOLESALE POWER RATES
Calls on Federal Regulators to Reduce Prices, Issue Refunds

SAN DIEGO - At a Federal Energy Regulatory Commission (FERC) hearing today
in San Diego, Governor Gray Davis reiterated his call to federal regulators
to intervene "to the fullest extent possible" to lower electricity prices in
California.

"FERC bears responsibility to ensure that a workably competitive market
exists before California consumers and California's economy are subjected to
unconstrained, market-based electricity prices," said Governor Davis in a
statement read by Energy Oversight Board Chairman Michael Kahn.
"Consequently, I renew my prior request that the Commission act with utmost
speed to intervene to the fullest extent possible to restore wholesale
prices to fair levels and to remedy harms that have resulted from the
exercise of market power."

Governor Davis noted that he and state lawmakers have taken dramatic action
in recent weeks to provide rate relief. "While these actions should provide
short-term rate predictability and longer-term benefits to customers in
terms of improved supplies, the fundamental problem of exorbitant wholesale
prices still exists and remains the responsibility of FERC to address," said
the governor. "No combination of state actions can substitute for federal
action to ameliorate the problems of California's wholesale markets."

Governor Davis has taken the following actions in reaction to rising
electricity prices in San Diego:

On June 14, he called for emergency reduction of electricity use by all
state facilities in the San Francisco Bay area in response to electricity
emergency and rolling blackouts.

On June 15, he called on chairpersons of the Public Utilities Commission
(PUC) to analyze the conditions that led to electricity shortages in the San
Francisco Bay area the previous day, including a statewide perspective on
the price and delivery of electricity. Report was completed, submitted to
the governor and released on August 2.

On July 27, 2000, Governor Davis called on federal and state regulators to
take swift action to extend the caps on wholesale electric rates in
California and provide San Diego ratepayers with million of dollars in
refunds.

In letters written by the governor to two state regulatory agencies and two
California-based panels charged with overseeing California's power market,
he called for a coordinated state effort to urge federal regulators to take
strong measures to reduce power rates in both the short- and long-term.

On August 2, 2000, Governor Davis issued three Executive Orders designed to
reduce energy consumption by state government and speed up the time it takes
new power generating facilities to win approval from state agencies.

On August 9, 2000, Governor Davis called on the Public Utilities Commission
(PUC) to establish a two-year plan that would cut electricity rates by
nearly half for residential and business customers of San Diego Gas &
Electric.

The governor also reached an agreement with the California Grocers
Association that will save enough electricity to provide power to between
50,000 and 60,000 homes during periods of peak demand, as grocers agreed to
reduce power consumption by 10 percent during Stage One emergencies.

On August 10, 2000, Governor Davis wrote a letter to President Clinton
urging him to expedite FERC's investigation to determine whether current
electric rates in San Diego were unjust.

On August 22, 2000, Governor Davis called on President Clinton to release
emergency funds from the Low-Income Home Energy Assistance Program (LIHEAP)
to the state to help low-income Californians pay their rapidly-rising
electricity bills.

On August 23, 2000, President Clinton responded to Governor Davis' request
by releasing $2.6 million in emergency funds to help low-income Southern
Californians cope with the surge in their electricity bills. The President
also asked federal regulators to speed up their investigation into the
operation of U.S. power markets and urged the Small Business Administration
to use its credit programs to help small firms hurt by the price increases.

On August 23, 2000, Governor Davis reached agreement with legislators on
legislation to provide relief to San Diego ratepayers. The governor signed
two bills into law on September 6, 2000.

Please see attached letter (below).

# # #

SEPTEMBER 12, 2000

STATEMENT OF GOVERNOR GRAY DAVIS

TO THE FEDERAL ENERGY REGULATORY COMMISSION CONCERNING ITS INVESTIGATION OF
WHOLESALE PRICE ESCALATION IN CALIFORNIA

The Summer of 2000 has confronted California with an electricity crisis that
seriously threatens the safety, health and well being of citizens and
businesses throughout the state. At the heart of the crisis is the
extraordinary run up in prices for wholesale electric energy and ancillary
services, accompanied by deteriorating service and reliability. In San
Diego, electric customers' bills have more than doubled this summer,
threatening permanent harm to businesses and the health and welfare of
residential customers in the warm southern climate. All remaining California
electric consumers are faced with similar prospects as their legislated rate
freeze periods come to an end. In San Francisco we saw rolling blackouts for
the first time in our history.

As soon as the dimensions of the crisis became evident, I directed
California regulators, including the Public Utilities Commission and the
Electricity Oversight Board, and the Independent System Operator, to take
immediate steps to identify and implement specific measures to mitigate the
damage, including restoring price caps at Summer 1999 levels. I am happy to
report that those measures have been adopted, although not without
considerable resistance from self-interested parties.

In recent weeks, I have worked with the California Legislature to enact
further relief within the existing framework of options now available to the
state. These include provisions to stabilize retail rates, expedite
generation licensing where possible, implement targeted demand reduction and
demand response and remove constraints in transmission and distribution
systems. I have also established a task force comprised of key state
officials which is developing measures to increase energy efficiency and
alternative supplies and to expedite permitting by state agencies.

While these actions should provide short-term rate predictability and
longer-term benefits to customers in terms of improved supplies, the
fundamental problem of exorbitant wholesale prices still exists and remains
the responsibility of the Federal Energy Regulatory Commission to address.
No combination of state actions can substitute for federal action to
ameliorate the problems in California's wholesale markets.

A joint report submitted to me on August 2nd by the Chairman of the
California Electricity Oversight Board and the President of the California
Public Utilities Commission concluded that exorbitant wholesale prices in
California result from wholesale market dysfunction and the exercise of
market power by sellers. Subsequent reports by the Market Analysis
Department and the Market Surveillance Committee of the California
Independent System Operator reach the same conclusions. Subsequent behavior
of wholesale electric prices during August confirms their conclusions, and
subjects California to further economic damage. While I remain hopeful that
California wholesale markets may ultimately become competitive and become
capable of serving the interests of consumers and the public, I cannot and
will not accept the liabilities to California that result from the current
situation for even a short period. I intend to take any and all steps
necessary to restore economic stability to the electric service
infrastructure of California.

FERC bears the responsibility under its organic act to assure just and
reasonable wholesale electric rates. FERC bears responsibility to ensure
that a workably competitive market exists before California consumers and
California's economy are subjected to unconstrained, market-based
electricity prices. Consequently, I renew my prior request that the
Commission act with utmost speed to intervene to the fullest extent possible
to restore wholesale prices to fair levels and to remedy harms that have
resulted from the exercise of market power.

###

OFFICE OF THE GOVERNOR
----------------------------------------------------------------------------
----
A00:245
FOR IMMEDIATE RELEASE
September 12, 2000

GOVERNOR DAVIS NAMES KAHN CHAIR OF THE GOVERNOR'S CLEAN ENERGY GREEN TEAM
SACRAMENTO - Governor Gray Davis today announced the appointment of Michael
A. Kahn as chairman of the newly-created Governor's Clean Energy Green Team.
The Team was created by Governor Davis' signing of AB 970 by Assemblywoman
Denise Moreno Ducheny (D-San Diego) on Wednesday.

Mr. Kahn, 51, of San Francisco, is the chairman of the California
Electricity Oversight Board, and he also serves as vice-chair of the
California Commission on Judicial Performance. He has been senior partner
and head of litigation at Folger Levin & Kahn LLP since 1979. Mr. Kahn has
held numerous state and federal government appointments and assignments over
the last 15 years.

Mr. Kahn is the author of several articles and reports on litigation
practice and Supreme Court history. He is a magna cum laude, Phi Beta Kappa
graduate of the University of California, Los Angeles. Mr. Kahn also earned
master of arts and juris doctorate degrees from Stanford University, where
he was an editor of the Law Review. After graduation, he served for a year
as a law clerk to Judge Ben C. Duniway of the Ninth Circuit Court of Appeals
in San Francisco.

The signing of AB 970 established the Governor's Clean Energy Green Team,
which works to streamline the process of creating new power plants to ensure
that an adequate supply of power will exist to make a deregulated
marketplace work. The Team does this by working with local governments,
identifying environmental impacts, developing recommendations for low
interest financing programs for renewable energy and obtaining input on
natural gas supply, emission offsets and water supply.

Members do not receive a salary. This position does not require Senate
confirmation.

# # #

Julee Malinowski-Ball
Edson + Modisette
Associate
925 L Street Suite 1490
Sacramento CA 95814
916-552-7070
FAX-552-7075
jmball@ns.net


Grid Florida and SPP/Entergy RTOs are on FERC's agenda for 3/28/01 meeting.


Italy

This is not very illustrative example. Utilities (ENEL distcos and
municipalities) will not be allowed to sign long-term supply contracts with
producers (ENEL gensets or divested ENEL gensets). Even, according to the
last draft of market design recently published by the regulator, the single
buyer will also need to procure power for non-eligibles through the
forthcoming pool.

ENEL's divestiture has rather more to be with limiting market power and
spurring competition than securing supplies.

Portugal

This could be more helpful. Here, the dominant SEP (public sector, ie, tied
gencos and tied customers) security of supply is based on a rock-sodlid
long-term power purchase agreements. The SEP is characterised by long-term
contracts between REN (the TSO), public and private (vgr. Pego, owned by
National Power, Endesa, EdF and EdP) gencos and the four EdP's distributors.
Individual power purchase agreements are concluded for each plant, and cover
the plant's entire economic lives and commit gencos to sell to REN
exlcusively.

New power plants to be dedicated to SEP will be open to tender, according to
a central planning. REN buys power from these tied gencos at each plant's
costs and sell to the distcos at a uniform rate, the bulk supply tariff (BST).

Unfortunately, the record of the tendering process open to private investors
is not either long or very transparent, and we could not draw many good
lessons from this. For example, EdP has been trying in the last two years to
build additional capacity for SEP without a tendering procedure.

a.

Peter Styles
01/10/2000 17:31
To: Paul Dawson/Govt. Affairs/LON/ECT@ECT, Paul Hennemeyer/LON/ECT@ECT,
Alfredo Huertas/LON/ECT@ECT
cc: Nailia Dindarova/LON/ECT@ECT, Bruno Gaillard/EU/Enron@Enron, Steven J
Kean/NA/Enron@Enron, Mark Schroeder/LON/ECT@ECT

Subject: RUSH RUSH: Examples of power supply auction processes [that worked]

See note from Steve Kean below. Examples might occur to the three of you,
even from your NERA days.

Alfredo: The statutory obligation for ENEL to sell off generating capacity to
independent third parties is more or less the opposite of the process
suggested to Governor Davis, but might be worth describing anyway.

Paul D.: You are a direct recipient of the note. Also worth describing the
previous longer term contracting practices of the E&W RECs?

Bruno: EFET has suggested to the Paris Bourse that the only way to kick start
a traded power market in France would be for EdF to auction packages of
generation output to new entrants; again this is really the opposite of the
California situation, but may be of interest. Get details from Nailia (in
London tomorrow.)

In view of tight deadline please e-mail or call Steve  (cc Mark , and let me
know beforehand)  on Monday by  noon  Houston time (currently only 5 hours
behind, thus 5pm London time) with any relevant descriptions. I am in London
all day.

---------------------- Forwarded by Peter Styles/LON/ECT on 01/10/2000 17:15
---------------------------
From: Steven J Kean@ENRON on 29/09/2000 15:47 CDT
Sent by: Steven J Kean@ENRON
To: Mark Schroeder/LON/ECT@ECT, Tom Briggs/NA/Enron@Enron, Robert
Hemstock/CAL/ECT@ECT, Peter Styles/LON/ECT@ECT, Daniel
Allegretti/HOU/EES@EES, Steve Montovano/DUB/EES@EES, Janine
Migden/DUB/EES@EES, Aleck Dadson/TOR/ECT@ECT, Paul Dawson/Govt.
Affairs/LON/ECT@ECT
cc:

Subject: examples of auction processes that worked

Jeff Skilling proposed a solution to Gov Davis to solve the supply and
pricing problems in the California market.  In summary, the proposal would
have a neutral party conduct an auction wherein the utilities would seek bids
for 5-10 year packages of power from suppliers.  The gov asked if anyone had
successfully conducted such an auction in the industry already.

I need your help to identify and describe any such examples (European or
North American) by mid day Monday. Jeff and I will have a follow up call with
the governor on Monday.

Thanks


calendar
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/03/2000 07:00
PM ---------------------------

Terri Miller
08/02/2000 01:37 PM
To: Kevin M Presto/HOU/ECT@ECT, James D Steffes/HOU/EES@EES, Mike
Curry/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Jeffrey
Miller/NA/Enron@Enron, John Llodra/Corp/Enron@ENRON, Steve
Montovano/DUB/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Ron
McNamara/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Jeff Brown/HOU/EES@EES,
Steven J Kean/HOU/EES@EES, Bakilbourne@calpx.com
cc:
Subject:

We have now firmed up a time for our discussion with CalPX regarding a
private exchange on the front end of NEPOOL/ERCOT.
Please plan to attend from 3-5pm on August 29, in room 3125A  in the Enron
Building.

Please RSVP to Terri Miller at 603-223-2520 or via e-mail.

Thank You


Jason/Sara,

I agree with both attachments.  We should have already settled the May
portion of all of these deals with MEGA, so hopefully someone is telling them
to forward those funds on to Morgan (if we were due to pay), or hopefully
we've recieved the funds already (if we're due to receive).

Thanks,
Joe


Group,

We need to re-market  3 MW  of Louisiana Pacific starting HE 1100 PPT Feb 23
and all day Sat Feb 24.    These deals should be made under LT-NW (ALL
DEALS).  We will be long PGE purchase at Colstrip and can route the deals to
this PGE deal.  These deals should go in the services sheet using Holden's
formulas.  You may want to bundle the 3 mws (maybe with Willamette or MPC) to
beat a price of $170.  Please send me an email with the deal numbers and the
sale prices and I will make the annuity to make sure that we get paid.

Thank you for your help.

Bill


Tom does not have record of this deal at all. And I checked with the
schedulers - they don't have it down either. Is APB sure this was with El
Paso - we have similar deals from the Short Term Northwest desk with other
counterparties. Let me know.

Kate

Kerri Thompson@ENRON
11/20/2000 02:59 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

missing deal for tom

sell el paso
21-22
255.00
25 mw
mid c
on peak


Peggy,

Pursuant to our telephone conversation attached is the letter from Edward McKenna, ISO-NE, and a copy of the Protocal for the Initiation of Membership Termination Proceedings.

Richard

 -----Original Message-----
From: 	Pitre, Becky
Sent:	Tuesday, October 23, 2001 3:27 PM
To:	Ring, Richard
Subject:	FW: Termination Proceedings
Importance:	High

---------------------- Forwarded by Becky Pitre/HOU/EES on 10/23/2001 03:26 PM ---------------------------

"Garrity, Vicki" <vgarrity@iso-ne.com> on 10/23/2001 03:06:05 PM
To:	becky.pitre@enron.com
cc:
Subject:	FW: Termination Proceedings

Resending this - original e-mail came back with address error.

>  -----Original Message-----
> From: 	Garrity, Vicki
> Sent:	Monday, October 22, 2001 8:07 AM
> To:	Fowler, Leonard - NGRID
> Cc:	Allegretti, Daniel - ENRON; Hoatson, Thomas - ENRON; Belval, Paul -
> DBH; Bacon, Roger - MMWEC; Gerity, Patrick - DB&H; Doot, David - DBH;
> 'Becky_Pitre@EES.enron.net'; A. Ignatius (E-mail); Bekker, Michael -
> Wisvest CT, LLC; Biewlad, Bruce - Synapse Energy Economics; Bilus,
> Benjamin - Preti, Flaherty, Beliveau, Pachios & Haley; Bowie, Cal - Select
> Energy , Inc.; Cavanaugh, David; Fernandez, Robert - Sithe New England
> Holdings LLC; Fuller, Peter - Mirant New England, LLC; Hashem, Julie -
> State of Maine, Office of the Governor; Krawczyk, Paul - NSTAR; Liepe,
> Paul; Lynch, Michael- MMWEC; Schaefer, Marc - SESCO; Short, William -
> Indeck Maine Energy. L.L.C.; Sipe, Donald - Forster, Inc.; Smith, Debra;
> Smith, Hariph - Central Maine Power; Smith, Philip - USGen/PG&E Gen.;
> Taylor, Bill - TCPM; Zucco, Barbara
> Subject:	Termination Proceedings
>
> Please see the attached letter
>
>  <<Enron Energy Service 10-19-01.doc>>  <<Membership Termination
> Protocols. As approved by NPC on  April 6 2001.DOC>>

 - Enron Energy Service 10-19-01.doc
 - Membership Termination Protocols. As approved by NPC on  April 6 2001.DOC

<Embedded Picture (Device Independent Bitmap)>


Hourly Power Launched on ICE Tomorrow!!

As a reminder, IntercontinentalExchange will be launching Hourly Power tomorrow for all hubs currently traded in the West as well as PJM in the East.  All commissions for Hourly transactions will be waived for one month.  Effective December 1, traders will pay a flat fee of $4.00 per side for each trade.  Please call your ICE representative with any questions.

24-hour Help Desk  770-738-2101


Welcome to Enron Center South. As you have probably already noticed, things look a little different here. We wanted to orientate you to your new environment and inform you about the future technology coming on-line in the coming weeks.

Occupancy Guidebook To Enron Center South
You will find this handy guide on your desk; it contains information concerning the enhanced printer environment, the new easy access keyboards and telephony procedures.

NEC Monitors
The NEC monitors have an internal anti-glare screen to help reduce eye strain and eliminate the need to install an additional screen cover.  Additionally, an integrated speaker has been installed on one monitor for each desk.

Turret Users
An "Alliance MX turret quick reference guide" has been placed on your desk; this includes important information about the new features such as "Caller ID" and "Voicemail Indication".

Increased Information Access
There are many NEC 50" Plasma screens installed on the 5th and 6th floors.  While many of these will be displaying information designed for the specific unit, others will be displaying various television channels.  The audio to these television channels can be accessed via any of your telephony equipment.  Here's how:

Ten audio channels have been set up for access from your either your Avaya telephone, Stentophon, or IPC Turret.  The channels have been defined on Page 15 of your Turret.  To access the audio from either your Avaya or Stentophon, simply dial the extensions shown in the table below:

Channel	Avaya	Stentophon
Weather Channel	12401	801
CNN Headlines News	12402	802
CNN Financial News	12403	803
CNBC	12404	804
MSNBC	12405	805
Bloomberg	12406	806
Financial News Network	12407	807
CNN	12408	808
Fox Sports	12409	809
ESPN1	12410	810

Wireless Telephony
You may notice the cellular phone coverage is not consistent across the floor, and some areas have virtually no coverage at all.  We are implementing a multi-network "in-building" system to provide consistent high quality service for the campus, keeping you in touch while you are on the move.

Wireless LAN
The infrastructure to support Wireless LAN technology is in place and is being tested. We will be implementing multi level encryption and security to keep our intellectual property safe from eavesdroppers or hackers.

Amtel Replacement
As a move to provide a more flexible "Plug n Play" environment and to help with the reduced desk footprint, we have replaced the Amtel message boxes with Microsoft Exchange Instant Messaging. The Global Messaging Team is testing additional software products to provide some of the features not available with Exchange Instant Messaging; these include one-touch response keys, external LED display, and printing.  Updates will be provided as they become available.

Keeping an Open forum
We will keep you informed of the changes and developments as the migration to the building continues, please feel free to respond with any comments, queries or suggestions to  mailto:Enron.Center.South.Technology@enron.com


FYI.
-----Original Message-----
From: Hetrick, Nancy
Sent: Monday, October 29, 2001 3:44 PM
To: Steffes, James D.
Subject: RE: Texas Legislative Oversight Committee

Thanks.  I remember everything you have taught me!

Nancy A. Hetrick
Enron Corp.
Director, Government Affairs
Phone:  712-366-3399
Pager:   888-912-1426

-----Original Message-----
From: Steffes, James D.
Sent: Monday, October 29, 2001 3:31 PM
To: Ryall, Jean; Hetrick, Nancy; Keene, Patrick; Lindberg, Susan; Nicolay, Christi L.; Ogenyi, Gloria; Twiggs, Thane
Subject: RE: Texas Legislative Oversight Committee

Nancy --

Go get 'em!!!  You'll do great.  Just be factual and explain how you've worked on these issues in multiple states.

Jim

-----Original Message-----
From: Ryall, Jean
Sent: Monday, October 29, 2001 1:57 PM
To: Hetrick, Nancy; Keene, Patrick; Lindberg, Susan; Nicolay, Christi L.; Ogenyi, Gloria; Steffes, James D.; Twiggs, Thane
Subject: RE: Texas Legislative Oversight Committee

I have spoken to Mark, he will send a list of issues to Nancy prior to the hearing.  The committee will acknowledge that you are an Enron employee, however, you are appearing in the capacity of  Chair of RMS subcomittee.  Bill B. from Ercot will be present, however he was not the most stellar witness.  Mark thinks Chairman Wolens will want to hear directly from the Chair of RMS.  The questions that you may be asked include:  what has RMS recommended to TAC, address issues of cutover from version 1.3 to 1.4...where are we, where do we go next, where are the participants on the issue?  Mark is preparing the list of questions and will email it to you soon.

Representative Paul Hilbert died last night.  If the funeral services are scheduled for Friday, the hearing will be postponed to enable the members of the committee to attend the funeral.  We may not know the date of the funeral until Wednesday.  I will let everyone know ASAP whether or not the legislative takes place on Friday.  Thanks, Jean

-----Original Message-----
From: Hetrick, Nancy
Sent: Mon 10/29/2001 11:33 AM
To: Keene, Patrick; Lindberg, Susan; Nicolay, Christi L.; Ogenyi, Gloria; Ryall, Jean; Steffes, James D.; Twiggs, Thane
Cc:
Subject: Texas Legislative Oversight Committee

Mark Bruce, Policy Analyst, Electric Resturcturing Legislative Oversight Committee, attended the October 25th RMS meeting.  When he left, he gave me his card and asked me to contact him after the meeting, which I did.  He asked that I forward my contact information and asked if I could be available to attend the Legislative Oversight Committee meeting on Friday, November 2nd.  This is the email that I received from him after I sent my contact information.  He has not elaborated on exactly what questions he has or would have for me.

Nancy A. Hetrick
Enron Corp.
Director, Government Affairs
Phone:  712-366-3399
Pager:   888-912-1426

 -----Original Message-----
From:   "MARK BRUCE_HC" <Mark.Bruce_hc@house.state.tx.us>@ENRON
Sent:   Friday, October 26, 2001 12:21 PM
To:     Hetrick, Nancy
Subject:        Re: Contact Information

Thanks for your response ... Connie shared her V 1.4 cutover questions and  concerns with me ... if you reply to her e-mail prior to the Wed. RMS meeting,  please include me in your reply.

I'll keep in touch with you regarding possible questions from the oversight  committee on Nov. 2.

/\/\ark Bruce
policy analyst
Electric Utility Restructuring
Legislative Oversight Committee
office: 512-463-0814
mobile: 512-576-8995
fax: 512-463-6783
e-mail: mark.bruce_hc@house.state.tx.us <<mailto:mark.bruce_hc@house.state.tx.us>>


I think these are okay.  Again, my reasoning is not based on a
ctrprty-by-ctrprty check, but rather because I researched the code and
criteria with the programmer and have been satisfied that the reports are
performing as they should.  Part of the alarm on Q2 numbers was caused by us
not knowing which deals were included under the "WSPP" contract and trying to
tie out with a different data pull.

The only questions that remain for me are: how is the decision made to
include deals under the "contract number?"  How does that decision process
get passed on to people as employees change?  What is automated about it?

My questions should not imply that I think the process is awry - I simply
don't have enough of an understanding of the process to adequately answer
those questions.


I having second thoughts about raising South American limits.  If its not too
late and if I have a vote give me a call.


I will not be able to make it

-----Original Message-----
From: Truss, Stephanie
Sent: Monday, November 05, 2001 8:32 AM
To: Aronowitz, Alan; Taylor, Mark E (Legal); Hodge, Jeffrey T.;
McCullough, Travis; Sager, Elizabeth; Sanders, Richard B.; Schuler,
Lance (Legal); Brownfeld, Gail; George, Robert H.; Shackleton, Sara; St.
Clair, Carol
Cc: Garcia, Nita; Keiser, Holly; Rozycki, Joanne; Zucha, Theresa; Sweet,
Twanda; Haldeman, Sandy
Subject: Energy Seminar - November 6, 2001 at 6:00 p.m.

Please let me know as soon as possible if you will be attending the Energy Seminar at the Coronado Club.  Thank you
____________________________________________
Stephanie M. Truss
Senior Administrative Assistant
Enron Wholesale Services
1400 Smith Street
Houston, Texas 77002
(713) 345-3861 - Telephone
(713) 646-3490 - Facsimile


We could catch the show after the Art Car Ball. Don't worry about me. I will
sleep in Friday morning while you are at work.

-----Original Message-----
From: EHS1100@aol.com [mailto:EHS1100@aol.com]
Sent: Thursday, April 12, 2001 3:12 PM
To: Tex1100@aol.com
Subject: Eleven Hundred Springs current calander 4/01

If you are getting these emails by mistake or no longer wish to get them,
type "remove" and send it back at us.

Here is the current calander, but we are adding shows all the time. For up
to
date info be sure to check our website www.ElevenHundredSprings &
www.1100springs.

APRIL
Fri 13 Southern Junction

Sat 14 Cabaret w/ Charlie

Thurs 19 Outskirts in Wichita Falls

Fri 20 Golden Light

Sat 21 Blue Light

Thurs 26 Satalite Lounge in Houston

Fri 27 Roadhouse in Huntsville

Sat 28 Sons of Hermann Hall w/ Billy Jo Shaver

MAY
Thurs 3 Private Party

Friday 4 Jovitas in Austin 8-10pm

Sat 5 Cabaret in Bandera

Fri 11 Lone Star Park in Grand Prarie 7-10

Sat 12 Dans Bar in Denton

Thurs 17 Continental Club in Austin

Sat 19 Boars Nest in Dallas

Sun 20 Private Party

Thurs 24 Neon Spur in Wichita Falls

Friday 25 Blaines Pub

Sat 26 Private Party

Sun 27 Blanco's in Houston for the "River Oaks Music Festival"

Thurs 31 Casbeers in San Antonio

JUNE
Fri 1 Sangerhalle in New Braunfells

Sat 2 Private Party

Thurs 7 Surf Club in Corpus

Fri 8 Blancos in Houston

Sat 9 Private Party

Fri 15 Porchlight Music Thing in Milford (south of Waxahachie)

Thur 28 Love & War in Texas in Plano

Fri 29 White Elephant in Ft Worth

Sat 30 Americana Jam 2001 in Hico


I have attached the weather GTC's we use for EOL counterparties that do not
have ISDA's. This should work as a good basis for us.

Please call me if you have any questions or need any more information.

Thank you,

Jarrod


---------------------- Forwarded by Kay Mann/Corp/Enron on 01/23/2001 10:20
AM ---------------------------

"Townsend, Christopher J. - CHI" <chris.townsend@piperrudnick.com> on
01/22/2001 06:49:07 PM
To: "'Kay Mann (E-mail)'" <kay.mann@enron.com>
cc: "Elam, Michael H. - CHI" <Michael.Elam@piperrudnick.com>, "Shindler,
Donald A. - CHI" <Donald.Shindler@piperrudnick.com>, "Gershon, Mark A. - CHI"
<Mark.Gershon@piperrudnick.com>, "Nooney, Kathleen L. - CHI"
<Kathleen.Nooney@piperrudnick.com>, "Fein, David I. - CHI"
<david.fein@piperrudnick.com>, "Nora, Mark J. - CHI"
<Mark.Nora@piperrudnick.com>, "Way, Karen S. - CHI"
<karen.way@piperrudnick.com>

Subject: Illinois Projects Update

> Kay --
>
> Attached please find the update regarding ENA's Illinois projects.  Please
> do not hesitate to contact me with any questions or comments regarding the
> status of the various projects.
>
We hope that in the coming weeks we will be able to find a time that would
be convenient for the PMRW attorneys on the "Enron Team" to come to Houston
to meet with the Enron attorneys and development leaders.  Please let us
know if there are dates or times that would be more convenient for you.

> Thank you.
>
> Christopher J. Townsend
> Piper Marbury Rudnick & Wolfe
> 203 N. LaSalle Street
> Chicago, IL 60601
> (312) 368-4039 (direct line)
> (312) 630-6300 (direct fax)
> christopher.townsend@piperrudnick.com
 <<z_9q17_.WPD>>

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________

 - z_9q17_.WPD


UK: UK Coalpower keen for 500MW station at Hatfield.
Reuters English News Service, 10/12/01
Enron's Azurix faces damages claim if rescinds Buenos Aires water contract
AFX News, 10/12/01
Enron backs away from Coburg plant
Associated Press Newswires, 10/12/01
UK Crt Blocks Challenge To Intl Arbitration In Enron Spat
Dow Jones International News, 10/12/01
London court blocks challenge to international arbitration in Enron dispute
Associated Press Newswires, 10/12/01
INDIA PRESS:State Govt Restrained From Challenging Dabhol
Dow Jones International News, 10/12/01
India: Enron may seek $30 m to exit Greenfield
Business Line (The Hindu), 10/12/01
India: Dabhol gets restraint order from UK court
Business Line (The Hindu), 10/12/01
USA: Sempra's fiber/natgas technology could begin in Dec.
Reuters English News Service, 10/11/01

UK: UK Coalpower keen for 500MW station at Hatfield.

10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 12 (Reuters) - Coalpower, the company set up by former RJB Mining chief Richard Budge, says it would like to build a coal-fired power station near its newly acquired Hatfield colliery in South Yorkshire, northern England.
"We are keen to build a 500 megawatt clean coal power plant and are talking to various people", Budge told Reuters on Thursday, adding the chances of such a station coming to fruition would be closely linked to the outcome of Britain's current review of its energy needs to 2050.
"Let's see what comes out of the energy review - if it's positive for coal gasification it will not just be our plant that will be built, others will be."
Coalpower acquired the Hatfield coal mine on Monday, beating off competition from U.S. energy group Enron and UK Coal (formerly RJB Mining) and is spending about five million pounds ($8.4 million) to restart production.
Budge said Hatfield has the potential to become a long-life pit with its 100 million tonnes of contiguous coal reserves and he is looking for output in excess of 500,000 tonnes a year.
"Hatfield is the optimum site for a coal gasification combined cycle plant", said Budge, adding Britain needed coal generation to maintain a balanced and diverse energy portfolio.
The government has said it is concerned about Britain's projected dependence on imported natural gas.
Conventional coal burning power stations are high in fossil fuel emissions, which many scientists believe contribute to global warming. But gasification combined cycle technology converts coal to a gaseous fuel from which most of the impurities are removed prior to combustion.
Supporters of coal say the clean coal technology can address many of the environmental concerns of burning coal.
Coal mining in Britain has been in decline for decades, but the fuel still accounts for about a third of its power generation and recent signs point to the industry enjoying a mini revival.
A doubling in the price of British natural gas over the last year has led to a rise in coal demand as electricity generators seek out the cheapest fuel in a highly competitive market. The increased demand for coal has propelled prices to about 35 pounds a tonne compared with 22.50 #18 months ago.

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

Enron's Azurix faces damages claim if rescinds Buenos Aires water contract

10/12/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

BUENOS AIRES (AFX) - Enron Corp water and sewage unit Azurix Buenos Aires SA faces a claim for compensation unless it reverses plans to rescind its concession to provide the province's water and sewage services, financial daily Buenos Aires Economico reported.
The damages claim would be filed by public prosecutor Ricardo Szelagowski, the newspaper cited provincial secretary for public services, Eduardo Sicaro, as saying.
Azurix said earlier this week it will rescind the concession on Jan 2, but continue operating the service "until the provincial authorities, or the operator it designates, take charge of assets and operations".
jms For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

Enron backs away from Coburg plant

10/12/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

COBURG, Ore. (AP) - Enron will not be a partner in a proposed natural gas power plant here, the project's managing director said Thursday.
But Gary Marcus, who owns Coburg Power, said losing the Texas-based conglomerate will not stop the project.
"Enron never drove this deal," he said. "I invited Enron into the deal."
Marcus said Enron's participation improved the quality of the plant's design but slowed the decision-making process. Marcus predicted he will find a new backer in less than six months and will have a license to build the project within a year.
Enron backed out because the project did not meet its market strategy, Marcus said.
Enron officials couldn't be reached for comment.
Enron's departure will do little to appease local residents, who fear that the power plant will harm ground water and air quality.
"I don't think it'll ever be built," said Kent Johnston of Coburg, a project opponent. "If the people of Coburg and Eugene have anything to say about it, it won't be."
Added Joey Gayles, a committee chairman in the residents' opposition group, "We're going to fight (Marcus) tooth and nail."
The proposed 40-acre site north of Coburg meets all criteria for construction of a 300-megawatt plant on 12 acres of the site, Marcus said. The remainder of the site would be used for buffer area and wetlands mitigation.
An additional eight acres will be required for the 600-megawatt plant that Coburg Power wants to build, he said. The larger plant would require additional permits that might delay the project.
Expanding the existing natural gas pipeline that runs under the site also would add to the plant's cost. The larger plant would generate the equivalent of all power currently consumed in Lane County.
Marcus estimated the cost of the larger plant at $300 million to $400 million. The smaller plant would cost about $180 million, he said.

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

UK Crt Blocks Challenge To Intl Arbitration In Enron Spat

10/12/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BOMBAY (AP)--A Commercial Court in London has restrained an Indian state government from blocking international arbitration proceedings by the U.S. power giant Enron to recover claims of up to $5 billion, a company statement said Friday.
"The injunction facilitates a timely and impartial review by the international arbitration panel of the dispute between the Dabhol Power Company and the Maharashtra state government," said the statement issued in Bombay, India's financial capital.
Wednesday's court injunction in London is expected to block the state government's move to settle the dispute in India through the state-owned Maharashtra Electricity Regulatory Commission.
Enron said the original contract for the disputed Dabhol power project required international arbitration. The company accused the state government of using a delaying tactic by trying to halt the international arbitration in favor of a settlement procedure in India.
Enron has a 65% stake in the Dabhol Power Co. Its 2,184-megawatt power project is India's biggest foreign investment. In phase one of the project, Enron supplied electricity from naphtha for its sole customer, the Maharashtra State Electricity Board, which has said it can't afford the prices negotiated seven years ago.
The contract included a federal government guarantee to cover any nonpayment. Enron has said guarantee hasn't been met, despite two notices to the federal government.
The second part of the project, more than 90% complete, involves building a new plant to produce electricity from liquefied natural gas, and a container ship port to import it.
Houston-based Enron says it has halted construction for the second phase and it was costing hundreds of millions of dollars.
Enron wants to pull out of India and recover its entire investment and that of its partners, General Electric and Bechtel Corp.

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

London court blocks challenge to international arbitration in Enron dispute

10/12/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

BOMBAY, India (AP) - A Commercial Court in London has restrained an Indian state government from blocking international arbitration proceedings by the U.S. power giant Enron to recover claims of up to dlrs 5 billion, a company statement said Friday.
"The injunction facilitates a timely and impartial review by the international arbitration panel of the dispute between the Dabhol Power Company and the Maharashtra state government," said the statement issued in Bombay, India's financial capital.
Wednesday's court injunction in London is expected to block the state government's move to settle the dispute in India through the state-owned Maharashtra Electricity Regulatory Commission.
Enron said that the original contract for the disputed Dabhol power project required international arbitration. The company accused the state government of using a delaying tactic by trying to halt the international arbitration in favor of a settlement procedure in India.
Enron has a 65 percent stake in the Dabhol Power Co. Its 2,184-megawatt power project is India's biggest foreign investment. In phase one of the project, Enron supplied electricity from naphtha for its sole customer, the Maharashtra State Electricity Board, which has said it can't afford the prices negotiated seven years ago.
The contract included a federal government guarantee to cover any nonpayment. Enron has said that guarantee has not been met, despite two notices to the federal government.
The second part of the project, more than 90 percent complete, involves building a new plant to produce electricity from liquefied natural gas, and a container ship port to import it.
Houston-based Enron says that it has halted construction for the second phase and it was costing hundreds of millions of dollars.
Enron wants to pull out of India and recover its entire investment and that of its partners, General Electric and Bechtel Corp.
(stg/aks/lak)

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

INDIA PRESS:State Govt Restrained From Challenging Dabhol

10/12/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- The Commercial Court of London has restrained India's Maharashtra state government from filing a suit in India challenging the international arbitration proceedings initiated by Dabhol Power Co., reports the Hindu Business Line.
Dabhol Power is an Indian unit of U.S.-based energy company Enron Corp. (ENE).
The newspaper says Dabhol obtained the court order Thursday, and the state government has 23 days to respond.
Dabhol is locked in a long-standing payment dispute with its sole buyer, Maharashtra State Electricity Board.
Dabhol is a 2,184-megawatt power project located in the western Indian state of Maharashtra. Enron holds a controlling 65% stake in Dabhol. Costing $2.9 billion, the project is the single largest foreign investment in India to date. Newspaper Web site: www.thehindubusinessline.com

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

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

India: Enron may seek $30 m to exit Greenfield

10/12/2001
Business Line (The Hindu)
Fin. Times Info Ltd-Asia Africa Intel Wire. Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd

NEW DELHI, Oct. 11 ENRON is looking at a price of about $30 million for exiting from Greenfield Shipping Company, in which one of its affiliates, Atlantic Commercial Inc, is a 20 per cent equity partner.
While Enron's 20 per cent stake in the $220-million LNG venture for Dabhol Power Company comes to $11 million, the Houston-based company is understood to have put up a price of $30 million for exiting from Greenfield, bankers familiar with the developments told Business Line.
The $30 million price pegged by Enron for its 20 per cent stake comprises $11 million for equity and $19 million for swapping the company's share of the loan liabilities, the sources said.
Though Atlantic Commercial Inc is yet to make an official statement on pulling out of the LNG shipping deal, it is understood to have conveyed to the project lenders led by ANZ Investment Bank that such a decision was imminent in view of Enron's plan to exit from Dabhol Power Company.
The State-run Shipping Corporation of India (SCI) is a 20 per cent partner in Greenfield, while the remaining 60 per cent equity in the joint venture consortium is held by Japan's Mitsui O.S.K.Lines.
In view of the controversy surrounding the power plant, the lenders to the LNG shipping deal have declared an event of default and suspended the last tranche of the project loan worth $55 million. The ANZ Investment Bank-led consortium has already pumped in $110 million out of a total loan commitment of $165 million for the 137,000 cubic metre capacity tanker being build at Mitsubishi's yard in Japan.
The three promoters will now have to put in additional investments to the tune of $55 million to take possession of the vessel on the scheduled delivery date of November 15.
The board of SCI has not been able to come to a conclusion on putting in extra funds in the project despite discussing the issue several times. A board meet held on Tuesday to discuss the issue again ended in stalemate, Government sources said.
SCI's dilemma on making extra investments in the project also centre around the fate of Enron's equity in the deal. In the event of Enron pulling out of the LNG shipping project, its 20 per cent equity would have to be taken over by the two remaining partners. Besides, these two partners would also have to pool-in the additional investments of $55 million amongst themselves in proportion to their revised equity holdings.
"However, there is a great question mark over whether Mitsui and SCI should agree to take over the equity of Enron", the sources said.
During discussions held in London recently, Mitsui had clearly told the lenders that it was not in favour of putting in extra funds to salvage the LNG shipping deal.
Moreover, with the consortium now looking at a charter hire rate of $60,000 to $65,000 per day as against the rate of $98,600 per day agreed with Dabhol Power Company, both SCI and Mitsui feels that the revised charter hire rates would render their investments unviable.
According to estimates, at a charter hire rate of $60,000 per day, Greenfield is expected to earn about $22 million per annum. Out of this, $4-$5 million will be spent on operating expenses of the tanker.
The remaining $17-18 million will fetch an internal rate of return (IRR) of 7-8 per cent for Mitsui at an equity stake of 60 per cent.
"Mitsui feels that an IRR of this level was not sufficient for their investments", the sources said.
Whereas, for SCI, the investments would fetch a return of 4-4.5 per cent. "This will be far below the Government norm of 12 per cent IRR for projects involving State-funding," the sources said.
P. Manoj

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

India: Dabhol gets restraint order from UK court

10/12/2001
Business Line (The Hindu)
Fin. Times Info Ltd-Asia Africa Intel Wire. Business Line (The Hindu) Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd

MUMBAI, Oct. 11 THE Commercial Court of London has given an ex parte order restraining the Maharashtra Government from filing a suit in India challenging the international arbitration proceedings initiated by Dabhol Power Company (DPC).
The Enron-promoted DPC obtained the order today and the State has 23 days to respond. Maharashtra has been restrained from "commencing or prosecuting or continuing or taking any steps in or otherwise participating in proceedings in any court or tribunal in India in restraint of or otherwise relating to the three arbitrations", the order said. The three arbitrations relate to State guarantees to the project.
A DPC spokesman said now "the arbitration process in London would continue as originally contemplated and agreed by the State Government and DPC. This has no bearing on the on-going proceedings involving DPC, MSEB and MERC before the Mumbai High Court and Supreme Court".
He also said Maharashtra is not a party to any of the on-going proceedings before the Mumbai High Court and the Supreme Court. "Over the past few months, the State Government and other Government entities have taken actions to avoid complying with their contractual obligations.
This has frustrated the rights of international investors that were legally agreed to by the relevant parties several years ago. The injunction facilitates the timely and impartial review by the international arbitration panel of the dispute between DPC and the State," the company said.
The arbitration panel had been constituted sometime ago and proceedings were expected to begin any time.
However, the proceedings could not take off as a dispute over the jurisdiction of the Maharashtra State Electricity Regulatory Commission had dragged on to the Mumbai High Court and then the Supreme Court.
Both courts had restrained DPC from continuing international arbitration pending resolution of the MERC jurisdiction issue. The State Government was expected to file a civil suit in the Mumbai High Court accusing the company of fraud and misrepresentation. Internal differences in the Government and the legal team over proving "fraud" had led to the resignation of the State counsel.
Our Bureau

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

USA: Sempra's fiber/natgas technology could begin in Dec.

10/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

SAN FRANCISCO, Oct 11 (Reuters) - A Sempra Energy unit said on Thursday its new system for running fiber-optic cable through natural gas pipelines, in turn leaving city streets intact, could begin commercial service in December.
Putting fiber-optic lines in existing natural gas pipelines - which already have cleared rights-of-way - could tackle the telecommunications industry's "last mile" problem of connecting end users to outlying fiber-optic cable networks without tearing up roadways.
A surge in demand for high-speed Internet access has led telecommunications companies to pour billions of dollars into vast nationwide fiber-optic systems that carry data to computers, phones and screens faster than traditional copper wires.
Sempra Fiber Links, a unit of San Diego-based Sempra Energy, made the announcement after its first installation of the technology in the gas distribution system of Frontier Energy, a Sempra Energy unit in North Carolina.
Sempra's technology involves encasing fiber-optic cable in a protective polyethylene conduit before inserting it through the same local gas lines serving utility customers.
The company said installing the cable would not prevent a utility from servicing its gas lines or keeping them safe.
Jennifer Andrews, a Sempra Fiber Links spokeswoman, said the company was discussing its fiber-in-gas system with gas utilities throughout the United States.
SAVINGS
Andrews said companies using the technology could save from 30 percent to 50 percent on last mile costs compared with traditional trenching and installation methods.
Sempra Energy unit Southern California Gas Co., one of the largest gas utilities in the U.S. with about 18 million customers, plans to use fiber-in-gas technology in its system as soon as it is approved by the California Public Utilities Commission.
Energy companies that have ventured into the fiber-optic business by building infrastructure and/or through bandwidth trade, include Williams Cos ., El Paso Corp. ., Enron Corp. , Dynegy Inc. , Duke Energy , Consolidated Edison Inc. and Montana Power Co. .
In March 2000, Montana Power announced plans to divest its energy business and invest the proceeds into its broadband and telecommunications unit Touch America.

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


Jeff-Great to hear from you. What is up on your end besides your
scheduling falling apart?

We are riding the 22nd and 23rd. You may know that Lari is selling RRR.
We can talk about it later-she will ride with us though and act as a
consultant in the future.

All is going great on my end--cantered Bentley through the park
yesterday and on the polo field track. It was an absolute blast--one of
the funnest rides I've ever had in the park. He's making great progress
at staying calm! Rob and I are off to Hawaii next week. My business is
great despite our favorite sector crashing before our very eyes. The
VC's are really quiet right now...

I hope you can join us in Mendocino. We may have an extra place to crash
in our room.
Big Hugs--
Madeleine

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Monday, August 20, 2001 3:15 PM
To: Madeleine Todd
Subject: RE: Mendocino

don't kill me.  what are the riding days again?  my schedule is falling
apart before my eyes....

how are you?  hope the answer is 'terrific.'

best,
Jeff

-----Original Message-----
From: Madeleine Todd [mailto:Madeleine@madeleinetodd.com]
Sent: Friday, August 10, 2001 12:24 PM
To: Scatena, Pat; afinch@iasco.com; Jeff_Walker@i2.com;
1gr8coach@home.com; cwfinch@flash.net; Dasovich, Jeff; Jeff Walker
(E-mail); Kari Ontko (E-mail); Lori Hom (E-mail); Nora McGee (E-mail);
pmurray@ccac-art.edu
Cc: Rob Levy (E-mail)
Subject: RE: Mendocino

Hey gang--
I couldn't convince Rob to join us... boo hoo. Jeff Walker and I are
confirmed. We will be sharing a room but since many of the rooms/suites
are so large anyone else is more than welcome to join us. I will be
organizing the room today and will probably book a large one should one
of you want to join us. Here are the ones I am considering. Let me know
what you think.  The web site to view the rooms is
http://www.cleonegardensinn.com/ <http://www.cleonegardensinn.com/>
Madeleine

#1 Ocean View Suite (Non Smoking): with king bed, fireplace, living room
w/ queen hide-a-bed, kitchen, shower/ tub, wrap around deck, TV/ radio,
partial ocean view, private phone, 2-3 day Minimum with advanced
booking, with self-housekeeping, ($12.00 extra each bed/person). .
maximum: 4 persons. 160.00 No Breakfast

#2 Sand Dune View Suite (Non Smoking): with queen bed, living room w/
queen hide-a-bed, shower, private deck beside large pond, TV/ radio, 2-3
day minimum with advance booking, self-housekeeping, ($12.00 extra each
bed/ person), maximum: 4 persons. 94.00 No Breakfast

#3. Noyo Suite <noyo_suite.html>*(NON-SMOKING): large deluxe suite with
queen bed, fireplace, small kitchen, shower, TV/ radio, large private
deck with garden & forest view (separate bedroom with a twin and a
double bed, $12.00 each, extra bed/ person), maximum: 5 persons.

#4. Novarro Suite <novarro.html> (NON-SMOKING): large deluxe suite with
queen bed, fireplace, small kitchen, shower, TV/ radio, large private
deck with garden & forest view (separate bedroom with a twin and a
double bed, $12.00 each, extra bed/person), maximum: 5 persons.

#5. MacKerricher Room <

Madeleine Todd Executive Recruiting
1329 Taylor Street, Suite 114
San Francisco, CA 94108-1047
phone: 415-441-7010
fax: 415-441-7173
email: madeleine@madeleinetodd.com

The information contained in this transmission is privileged and
confidential information intended for the use of the individual or
entity named above. If the reader of this message is not the intended
recipient, you are hereby notified that any dissemination, distribution
or copying of this communication is strictly prohibited.

-----Original Message-----
From: Scatena, Pat [mailto:pat.scatena@intel.com]
Sent: Wednesday, July 11, 2001 9:35 AM
To: 'afinch@iasco.com'; Jeff_Walker@i2.com
Cc: 1gr8coach@home.com; cwfinch@flash.net; Jeff.Dasovich@enron.com;
'Jeff Walker (E-mail)'; 'Kari Ontko (E-mail)'; 'Lori Hom (E-mail)';
Madeleine Todd; 'Nora McGee (E-mail)'; pmurray@ccac-art.edu
Subject: RE: Mendocino

correction following further discussion with Amy: i have booked the blue
iris room (apologies to the Jeffs) and Amy has booked a separate room
for herself and Cal (i think the meadow view room).

-----Original Message-----
From: Amy Gustafson Finch [mailto:afinch@iasco.com]
Sent: Wednesday, July 11, 2001 7:49 AM
To: Jeff_Walker@i2.com; 'Scatena, Pat'
Cc: 1gr8coach@home.com; cwfinch@flash.net; Jeff.Dasovich@enron.com;
'Jeff Walker (E-mail)'; 'Kari Ontko (E-mail)'; 'Lori Hom (E-mail)';
'Madeleine Todd'; 'Nora McGee (E-mail)'; pmurray@ccac-art.edu
Subject: RE: Mendocino

Hello all,

I made a reservation at Cleone Gardens Inn, just across the street from
the ranch.  I reserved a room for Pat, Cal and myself, but was unsure
what other reservations to make for the rest of the group because some
of you are still tentative and I'm not sure who is bringing SOs/dates.

The inn has one room called the Blue Iris room with two double beds that
might work for Jeff W. and Jeff D. if going up single; most of their
other rooms have a queen or king bed (the Meadow View king room sounded
nice for a couple if we have any going up).  Both of those are still
available for the weekend we are planning to be there.  I think there
may be some cottages available also for multiple people, but I'm not
sure what the configurations of those are.  A full breakfast can be
ordered from some of the rooms for $14.00 extra.  They serve breakfast
at 8:00 a.m.  Pat, Cal and I have a suite with a small kitchen, so we
may also be able to host some minimal meals/snacks/drinks.

The phone number of Cleone Gardens is 1-800-400-2189.  Their website,
which has pictures and descriptions of their rooms, is
cleonegardensinn.com.  If the Cleone Gardens Inn does not have the room
configuration you want, Lari's website (horse-vacations.com) has links
to numerous other hotels and B&Bs.

Tally ho!

Amy

-----Original Message-----
From: Jeff_Walker@i2.com [mailto:Jeff_Walker@i2.com]
Sent: Sunday, July 08, 2001 7:10 PM
To: Scatena, Pat
Cc: 1gr8coach@home.com; afinch@iasco.com; cwfinch@flash.net;
Jeff.Dasovich@enron.com; Jeff Walker (E-mail); Kari Ontko (E-mail); Lori
Hom (E-mail); 'Madeleine Todd'; Nora McGee (E-mail);
pmurray@ccac-art.edu
Subject: RE: Mendocino

Hi All:

Madeleine was kind about me not keeping up with personal emails ....

I am putting the Mendocino dates on my calendar. I would like to ride
both days. I would also like to stay where everyone will be happiest ;)
Howard's Creek is great, but I agree with Pat, that we just won't have
the time to enjoy the place (or breakfast).

BTW - Are any non-riders coming??

Jeff.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Jeff Walker
Office: (650) 632-7648
i2 Technologies
Cell: (650) 868-7585
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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


Bill:  How do you feel about the comments, per my voice mail.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 09/21/2000 07:57 AM -----

	"Ruth Schonfeld" <Ruth.Schonfeld@macleoddixon.com>
	09/21/2000 05:56 AM

		 To: <Dpef@blakes.com>, <warren.nishimura@blakes.com>,
<brian.kerrigan@enron.com>, <clement.abrams@enron.com>,
<derek.davies@enron.com>, <greg.johnstone@enron.com>,
<peter.keohane@enron.com>, <sara.shackleton@enron.com>,
<soma.ghosh@enron.com>, <tana.jones@enron.com>,
<blair.fleming@royalbank.com>, <ian.mcarthur@royalbank.com>,
<tracy.ross@royalbank.com>, <bpechersky@velaw.com>
		 cc:
		 Subject: Attached Files from Rick Borden

 - MACLEOD-.DOC
 - MACLEOD-.DOC


Stinson and Vince,

I finalized the presentation for John Lavorato, he said he is ready
to present it  to Greg.  He is happy with the work we provided.

I will be on vocation starting next week.  I attached the simulation models
here in case that you need them.  The OC version deals with open-close
trading and CC version deals with continuous trading.

Should you have any questions, or need to run different scenarios, please
call me at home.  Otherwise, I will see you next year.

Merry Chrismas and Happy New Year !

Zimin


If your team would like to contribute to this week's newsletter,
please submit your Business Highlight or Quote, by noon, Wednesday, December
13.

Thank you,
Michelle Vitrella
x39767


Pierre-Philippe,

I am a Managing Director, Research.

Please, feel free to give my E-mail address.

Vince

"Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 10/28/2000 12:26:26 AM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Title

Dear Mr. Kaminski,
?
I hope I got your title right. I looked everywhere  for it and I could not
find it. In one of the numerous discussions I had with  professor Shreve
about you I remember having heard "head of research"...  probably energy, but
that I could not recall. Is this ok? Also I would like to have the title of
the conference, it is useful!
?
Finnally, there is a request for your e-mail by a  PHD student, Do you allow
me to provide this info?
?
?
Sincerely,
?
Pierre-Philippe  Ste-Marie
--------------------------------------
pstemarie.homestead.com


---------------------- Forwarded by Susan M Scott/HOU/ECT on 11/02/2000 03:36
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Kyle Etter" <kyle_etter@hotmail.com>
11/01/2000 10:45 PM

To: Susan.M.Scott@enron.com
cc:
Subject: Re:

Susan,

Well you have either had a week from hell so far or its just taking you time
to come up with some good bs.  Without being too forward I will be in town
next Friday and wanted to know if you would like to go to dinner or
something.  At least that will give us a chance to talk face to face.  If
your busy don't worry about it I thought I would just throw it out there.

I'll keep this one short and sweet since the last one was rather lengthy.
Hope this Thursday is a little better then last week.

Kyle

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


D'Arcy, sorry I missed you last week. I am going to be down in Rio mid
November for some meetings with the S American team. Maybe we can have a
discussion then?

I would very much like to get your opinion.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/28/2000
12:31 PM ---------------------------

D'Arcy Carroll@ENRON
10/25/2000 04:30 PM
To: David W Delainey/HOU/ECT@ECT
cc: Monica Matias/SA/Enron@Enron
Subject: Re: CV - Ex-pat realocation

David, I am in Houston for meetings on Thursday afternoon and Friday, Oct
26-27.

Do you have 30 minutes for me for some discussion on commercial opportunities
in regards to electricity in Brazil, regional natural gas and crude oil and
products - including some perspective on our present execution capability and
competitive profile.

David W Delainey@ECT
10/20/2000 11:12 AM
To: David Oxley/HOU/ECT@ECT
cc: D'Arcy Carroll/SA/Enron@Enron

Subject: CV - Ex-pat realocation

David, can you point D'Arcy in the right direction in ENA or ESA.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/20/2000
09:11 AM ---------------------------

D'Arcy Carroll@ENRON
10/18/2000 04:14 PM
Sent by: Monica Matias@ENRON
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: CV - Ex-pat realocation

I would like to introduce myself for consideration to working within your
respective groups, but also including some commercial ideas relative to the
South American region and elsewhere.

I would ask at your convenience for confirmation of your interest, or not,
and availability for meetings during the week of Oct 16th-20 in Houston.

I am available, in the meantime, to respond to any information you need,
including clarifying any of my experience at or prior to Enron.

Thank you in advance for any effort extended in my behalf.


These deals are all parts of sleeves we did for EES, and we only include a
broker fee on the sale side of the sleeve. I ended up changing just two
deals; they're highlighted in red:

459812 - no change (buy side of EES sleeve)
459813 - added .0075 broker fee (sale side of EES sleeve)

457489 - no change (buy side of EES sleeve)
457490 - no change (sale side already contained .0075 broker fee)

468444 - added .0075 broker fee (sale side)
468440 - no change (buy side)

And as a disclaimer - I'm getting my information from our traders, so if any
of this sounds incorrect, or if Natsource still disputes, please let me know.

Thanks,
Kate

Kerri Thompson@ENRON
01/10/2001 12:07 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource fees

kate:

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

459812
457489
468444
468440

thanks