Kay:  What is this all about?  I don't know anything about "ENOVATE" .  Is it
an Enron company?  Sara.
----- Forwarded by Sara Shackleton/HOU/ECT on 09/28/2000 10:11 AM -----

	Steven Curlee@ENRON
	09/28/2000 09:29 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: Enovate/PEC ISDA Materials

Sara, I am forwarding this to you because as you will notice your last name
has been misspelled.  I have been speaking with Peoples recently about the
potential sale of some financial options via Enovate.  This has brought up to
issue of the ISDA agreement.  I don't know if you are the one working on this
specific ISDA, but I got your name off a document showing you as the person
working in general on ISDA agreements between Enovate and third parties.

I will call shortly to insure you receive this, and one more to follow, and
that you are the appropriate person.  If you need to reach me, my extension
is 36900.

Thanks,

Steve
---------------------- Forwarded by Steven Curlee/Corp/Enron on 09/28/2000
09:19 AM ---------------------------

b.marozas@pecorp.com on 09/27/2000 05:37:59 PM
To: Sara.shackelton@enron.com
cc: Steven.Curlee@enron.com

Subject: FW: Enovate/PEC ISDA Materials

Sara,

We were trying to finalize the ISDA between PEC and Enovate.
Fred is going to be out of the office until Thursday, but I wanted to
forward the ISDA information he has been working on.
Based on the ISDA materials attached, do you know how close (best quess:
number of days, weeks or months) we are to finalizing the contract?

Thanks,
Brian

 <<MEH Schedule to Master Agreement v.1.doc>>  <<MEH-PEC Paragraph 13 to
Credit Support.doc>>

 <<MEH-PEC ISDA.doc>>  <<MEH-PEC Credit Support Annexy-bi.doc>>

 <<MEH-PEC Paragraph 13 Exhibit A.doc>>

  ----------
  From:  Jacobsen, Fred
  Sent:  Tuesday, September 26, 2000 10:43 AM
  To:  Marozas, Brian; Huprikar, Aparna
  Cc:  Nassos, John G.; Pokorny, Judy
  Subject:  Enovate/PEC ISDA Materials

  Attached please find drafts of the following ISDA documents
to be entered into between Enovate, L.L.C. and Peoples Energy Corporation:

  1. Schedule to Master Agreement
  2. Paragraph 13 to Credit Support Annex
  3. Exhibit A to Paragraph 13 to Credit Support Annex
  4. ISDA Master Agreement
  5. ISDA Credit Support Annex.

  Brian, please forward to me the contact information for the
person handling the negotiation of these documents on behalf of Enron.
Thank you, Fred.

  <<File: MEH Schedule to Master Agreement v.1.doc>><<File:
MEH-PEC Paragraph 13 to Credit Support.doc>>

  <<File: MEH-PEC ISDA.doc>><<File: MEH-PEC Credit Support
Annexy-bi.doc>>

  <<File: MEH-PEC Paragraph 13 Exhibit A.doc>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

 - MEH Schedule to Master Agreement v.1.doc
 - MEH-PEC Paragraph 13 to Credit Support.doc
 - MEH-PEC ISDA.doc
 - MEH-PEC Credit Support Annexy-bi.doc
 - MEH-PEC Paragraph 13 Exhibit A.doc


Janie - Leslie sent me a copy of your message indicating that you need to know about items that would be considered at the FERC meetings.  Until we get the data base set up and populated, and get a link for y'all on the Fundamentals web site, you can access the Agenda for each meeting at this FERC web site one week before the date of the meeting:  <http://www.ferc.gov/public/isd/sunshine.htm>

Meetings are generally held on the second and fourth Wednesday of every month, except for August.  Occasionally, a meeting will be scheduled on another day instead.  The dates for the 2001 meetings are at this web site:  <http://www.ferc.gov/calendar/commissionmeetings/cmeet2001.htm>

The consent agendas are listed first by type (Markets, Rates and Tariffs - Electric; Markets, Rates and Tariffs - Gas; Hydro Projects; Certificates; etc.).  Any discussion items are listed at the end.


Either the location, or the number of locations has changed on revision number 6. The hedge associated with this deal needs to be re-evaluated.


Tim,
I have just recieved my pay stub for the period ending 11/30/01.
For the first time, it shows an incredibly disturbing number related to imputed income.
Total Earnings = $352,171
Total Earnings plus Imputed = $1,338, 394.08
Taxes withheld = $19,895.

I do not have any clue as what this imputed income is or why it may be attributed to me.  However,  as I understand it, I am liable for the taxes to the IRS even though I received no benefit. From our last conversation, I was told that $57k was sent to IRS to settle this amount and ?86k for uK liabilities. My calculation of the liability is much higher - somewhere in the neighborhood of 40% x 1,338,395 or $535,358.  Please give me a full accounting of the taxable liabilities incurred by Enron on my behalf for the tax year 2001 for both the us and uk and the tax payments made. I would appreciate that this could be done in the next 24 hours as it is causing immense stress.

I also spoke to PWC in the UK 2 minutes ago who told me that they were not doing any work for Enron at the moment.

Ted


To Jae- Moo,
1. Impressive P'point presentation indeed.

2. Friday Sep 1 - 800am TYO time is good for Australia, I will be attending
is there anything that i need to arrange at our end ??

3. After the successful roll-out of W for Japan & Oz thus qtr,
as discussed - we are ready to roll-out Korean W say in Mid October ???
Your email & presenatation thus arrived at a very good time.

4. Just some questions -
You may answer in the conference call or by email -- your choice

(a) why has W derivatives been singled out by FSC for potential review
when there is no regulation of eg LPG , or plastics swaps & fwds  ?  (pg 11
of presentation)

(b) How necessary are the meetings with ( pg 5 of presentation)
".. Bank of Korea (BOK)/ Ministry of Finance & Economy (MOFE) for
classification of weather derivatives as commodity derivatives.." ?
Is this meeting to meet
"...except for Foreign Exchange Transaction Regulations (FETR) in case of
foreign currency trades
? Classification of weather derivatives as commodity or financial derivatives
under FETR needs to be resolved..."(pg 15 of presentation)

Can we just do it first with Enron Korea as the counterparty ? If so , if
Korean coy transacts with Enron Korea,
there should be no problem in remitting funds wholly within Korea !
Also we intend to offer product in Won only so no FX involved at all .

(c)
pg 18 of presentation
'...All other EnronOnline products with the exception of bandwidth and
emission allowances are classified as commodity derivatives in Korea..."
Why is it bandwidth and emission are classified differently?
Will not Weather fall under same category ?

"...Commodity derivatives require a prior reporting to the Bank of Korea for
each trade .."
Is this only relevant if product is not in Won but foreign currency ?

5. pg 28 of presentation
Note that Dr Christian Werner - Sydney office will be the person for
"Data system   For weather derivative products, arrange with a weather
forecasting company for the weather data feed - timing depends on the
location"

We will be able to assist with (if reqd, see points 4b & c above)
"...  For weather derivatives, arrange presentation meetings with BOK/MOFE
for classification of weather derivatives as commodity derivatives
_ May require longer time for their decision making
Korea Office, Mike Dahlke, EOL Weather specialist (?)"

Best wishes
Raymond

Matthias Lee@ECT
08/24/2000 09:22 PM
To: Jae-Moo Lee/Corp/Enron@ENRON
cc: Christopher B Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Joseph P
Hirl/AP/ENRON@ENRON, David Forster/Corp/Enron@Enron, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Alan
Aronowitz/HOU/ECT@ECT, Mike Brown/ENRON@Gateway@ENRON, Justin
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Raymond
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, John
Viverito/Corp/Enron@Enron, Rousseau Anai/AP/Enron@Enron, John
Chismar/SIN/ECT@ECT, Victor Santos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON,
Li Yin Lim/SIN/ECT@ECT, Mark Taylor/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Jonathan
Whitehead/AP/Enron@Enron, Michelle Lee/Corp/Enron@Enron, Ann
Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Matthias Lee/SIN/ECT@ECT,
Angeline Poon/SIN/ECT@ECT

Subject: Re: EOL Korea

Jae-Moo

On the section of Regulatory/Legal Environment, it may be useful to note:

1. There is no official rule or regulation that ex post facto reporting for
Commodity Derivatives are acceptable to the Bank of Korea, although your and
Korean external lawyer's (Kim & Chang) informal verbal enquiries with the
Bank of Korea have suggested they have accepted some  7 or 8 reports since
April last year (all from Hyundai Oil).

2. The Bank of Korea take up to two weeks to review the reports and, as Kim &
Chang has advised, there remains a possibility that the Bank of Korea may
reject the report, although they were not able to advise the grounds on which
a report may be rejected.

3. Although, a foreign counterparty need not file a report or seek approval,
the Korean counterparty must still do so for the benefit and interest of the
foreign counterparty. Kim & Chang advised that where reporting or approval is
required but is not made or obtained, the Korean counterparty would not be
able to remit its payments under the transaction. This would clearly impact
on the settlement of the transaction, in particular shorter term deals since
reporting and approval may take several weeks.

4. The Supreme Court of Korea has ruled that a foreign exchange authorization
that was originally required should be obtained in order for a foreign party
to execute any judgment against the Korean party and remit the proceeds.

Regards
Matt

Jae-Moo Lee@ENRON
08/24/2000 04:58 PM
To: Christopher B Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P
Hirl/AP/ENRON@ENRON, David Forster/Corp/Enron@Enron, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz/HOU/ECT@ECT,
Mike Brown/ENRON@Gateway, Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Viverito/Corp/Enron@Enron,
Rousseau Anai/AP/Enron@Enron, John Chismar/SIN/ECT@ECT, Victor
Santos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Li Yin Lim/SIN/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Matthias Lee/SIN/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jonathan Whitehead/AP/Enron@Enron
cc: Michelle Lee/Corp/Enron@Enron, Ann
Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: EOL Korea

As many of you are aware, over the past few months we have been investigating
whether or not it would make sense to seriously consider an EOL launch in
Korea from a market, regulatory and legal perspective.  The primary interest
has been on reviewing whether or not we could launch existing products in
Korea (e.g., products already handled by Singapore EOL) as well as new
products (e.g., Seoul weather).

This initial work was directed primarily by the Korea team working within the
APACHI group.  If a launch is to progress much further from this point,
however, substantial attention by the EOL team would be required.  To
facilitate this, the attached presentation summarizes our primary findings to
date and some of our thoughts.  We would appreciate your taking a look at the
attached document.

We would like to arrange a conference call for next Thursday (Aug. 31st) at
6:00 pm by Houston time (Friday at 8:00 am by Tokyo time) to discuss the
attached document and to solicit thoughts as to next steps.  Please let me
know whether you will be able to join this call or, if you have a conflict,
an alternative time.  Your participation will be greatly appreciated.

Best regards,

Jae-Moo


The following expense report is ready for approval:

Employee Name: Jean  . Adams
Status last changed by:  Automated Administrator
Expense Report Name: Great River Energy
Report Total: $515.09
Amount Due Employee: $515.09

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


i have to swing the other side of it , i'll let you know

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 08/16/2000 09:45:59 AM
To: "'Eric Bass'" <Eric.Bass@enron.com>
cc:
Subject: RE: trade

I will do that.

-----Original Message-----
From: Eric Bass [mailto:Eric.Bass@enron.com]
Sent: Tuesday, August 15, 2000 2:04 PM
To: Bass, Jason
Subject: trade

how about the final pick in the 2nd and my third for your 2nd and your 4th


I've changed the supervisor for Brenda Herod to Sally Beck for PEP purposes per Sally's request.

Hector G. McLoughlin, PHR
Human Resources
Enron Net Works
Office: 713-853-6703


Charlie Garner, Terry Glenn, and Donovan Mcnabb for Marshall Faulk


To the West Desk et al:

The FERC's west-wide price cap has been raised to at least $108/MWh beginning today through 30 April 02.  Please see the order excerpt below.  Although market prices are well below both the old and new cap, the new cap will give the markets more breathing room if there is an unexpected cold snap and/or supply disruption.

I am happy to report that the one of Enron's advocacy messages made it into the order: any change to the cap must be applied West-wide.  PNW parties and Duke were willing to settle with region-specific caps but FERC rejected that concept in favor of a single, West-wide value.

Alan Comnes

Relevant Passage:

"Effective on the trading day following the date of this order, through April 30, 2002, we will suspend the methodology used to calculate the current mitigated price and substitute the following West-wide winter season methodology. As a starting point, the
mitigated price will be set at $108/MWh. This is the actual mitigated price set using the current methodology during the last reserve deficiency on May 31, 2001, based on a gas index of $6.641/MMBtu, a generating unit with a heat rate of approximately 15,360 Btu/MWh and $6.00 for the O&M adder. The new interim mitigated price will supersede the existing mitigated price (approximately $92/MWh), which was set at eighty-five percent of the originally calculated $108/MWh mitigated price for application during non-reserve deficiency hours. We find this adjustment necessary to set the price for the winter period and to track changes in the gas indices.

The winter formula will maintain the current heat rate and O&M adder. The one variable in the formula will be tied to the current average of the mid-point for the monthly bid-week index prices reported for SoCal Gas (large packages), Malin and PG&E city-gate. Under the winter season formula, the mitigated price will be recalculated when the average gas price rises by a minimum factor of 10 percent (e.g., to $7.305/MMBtu) effective for the following trading day. The formula will also track subsequent
cumulative changes of at least 10 percent (including reductions of 10 percent, but not less than a floor of $108/Mwh). Effective on May 1, 2002, the summer methodology will be reinstated along with the current mitigated price of approximately $92/Mwh for non-emergency periods."


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000
05:16 PM ---------------------------

Anita DuPont@ENRON
10/12/2000 04:58 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Pinnamaneni Krishnarao/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Basket Options Presentation

Vince:

Here is the formatted shell for Basket Options.  You already have "Binary
Options" and you can see the color scheme from that presentation.
Let me know if you need anything else.  Also, you can email me the
presentation if it needs additionaI "dressing up" and you do not have the
time to do it.  I need the finished presentations to send to the Copy Center
by Thursday, October 19, 2000.  Thanks.  Anita


Melissa,  I wasn't able to redline this version, but I added sections 10 and
11 and added futher language to Sections 3 and 6.  Hopefully you can redline
it against your old version.

Let me know what you think about environmental indemnity language.  I think
is is prudent from the view that Black Hills and has been using the Premises
for some time and we are not sure what is out there.


<<WestPricesForRita.xls>>

 WestPricesForRita


In Energy Insight for Tuesday, August 29
In Energy Insight Today (Blue Banner, all subscribers)
Power plant developers shake off the dog days of summer with plans for
another 15,000 MW of generating capacity. Check out the latest update to
Energy Insight's power plant development Market Indicator at
http://www.einsight.com. While you're at it, browse through Energy Insight's
other updated Market Indicators, including domestic and international M&A
activity, power plant sale list and European restructuring scorecard. Look
for the Market Indicators link under the blue banner story on Energy
Insight's front page.

In Energy Insight 2000 (Red Banner, premium-pay access only)
Energy Insight Fuels: High prices for oil and natural gas may give new
economic life to shut-in wells, which offer not only an in-place reserve of
fuel, but a hedging strategy for producers as well. Read details at
http://www.einsight.com.

For subscription information to Energy Insight 2000, call in the U.S.
720-548-5429 or e-mail einsightsales@ftenergy.com.

*************
Wanted:  2000 FT Energy Global Award Nominations
Time is running out to nominate your company or CEO for the 2000 FT Energy
Global Awards! Now's the time to recognize those companies and individuals
who are truly defining excellence amid the challenges of a dynamic energy
environment. Awards will be given in 13 categories, including CEO of the
Year and Energy Company of the Year. Enter the best-of-class competition by
September 1 at http://www.fte-awards.com.
************

News Brief:
+TXU Europe puts gas assets up for sale
FT Energy's Gas Daily Europe reports that TXU Europe is putting its North
Sea gas assets up for sale. The utility confirmed today that is in
"preliminary talks" with a number of third parties, but stressed it was
"very early days". The move follows "a number of unsolicited expressions of
interests" in the business, including its operatorship. TXU said it is
reviewing this part of its business and will only decide whether to sell at
its conclusion. It has not set a deadline for the review.

A source inside the company was not surprised at the review: "The business
has changed a lot in the last year." TXU has already put up its UK
generation assets for sale, and this latest move to divest gas assets could
mark a shift in strategy to focus on trading and retailing. Some analysts
believe that assets no longer give "competitive advantage" to energy
companies, as the focus shifts towards the end-user and convergence of gas
and electricity.

TXU's principal production assets comprise the operating licence and 64.2%
of the 83bn ft? Johnston gas field, plus 14.75% of the 33bn ft? Ravenspurn
North field, 11.24% of the 5bn ft? Welland field and 4.83% of the 17bn ft?
Schooner field. It also has a number of upstream exploration licences and
interests in pipelines.
/////////////////
Market Brief    Monday August 28
Stocks  Close   Change  % Change
DJIA    11,252.84       60.2    0.5
DJ 15 Util.     361.12  5.2     1.5
NASDAQ  4,070.59        27.9    0.7
S&P 500 1,514.09        7.6     0.5

Market Vols     Close   Change  % Change
AMEX (000)      48,238  6,085.0         12.6
NASDAQ (000)    1,373,111       86,691.0        6.3
NYSE (000)      728,653 51,884.0        7.1

Commodities     Close   Change  % Change
Crude Oil (Oct) 32.87   0.84    2.56
Heating Oil (Sep)       0.9988  0.03    2.94
Nat. Gas (Henry)        4.685   0.06    1.22
Palo Verde (Sep)        162     (14.00) (8.64)
COB (Sep)       185     (7.50)  (4.05)
PJM (Sep)       38      2.25    5.92

Dollar US $     Close   Change  % Change
Australia $     1.750   0.01    0.61
Canada $        1.483   (0.00)  (0.13)
Germany Dmark   2.172   0.01    0.23
Euro    0.8993  (0.00)  (0.26)
Japan _en     106.44  (0.59)  (0.56)
Mexico NP       9.22    (0.01)  (0.10)
UK Pound        0.6802  0.00    0.04

Foreign Indices Close   Change  % Change
Arg MerVal      475.31  0.07    0.01
Austr All Ord.  3,322.70        (3.60)  (0.11)
Braz Bovespa    17,460.33       (182.34)        (1.04)
Can TSE 300     11,224.45       (21.59) (0.19)
Germany DAX     7,339.22        32.05   0.44
HK HangSeng     17,019.76       (216.98)        (1.27)
Japan Nikkei 225        17,181.12       269.79  1.57
Mexico IPC      6,226.37        45.22   0.73
UK FTSE 100     6,563.71        0.00    0.00
Source: Yahoo! and NYMEX


I have switched hotels to the Hotel Monaco.  So see if you can get in there.


Do you also have fax and email address?

	Aneela Charania
	11/29/2000 01:00 PM

		 To: Sara Shackleton/HOU/ECT@ECT, jpeters@andrews-kurth.com
		 cc: David J Vitrella/HOU/ECT@ECT
		 Subject: ECT Investments - Electronic Trading Agreements

Sara,

In reference to our conversation this morning, the legal contact at Bear
Stearns is Christine Durland at (212)272-4935.  Additionally, David said he
will be available at 4pm today to discuss your questions.  He can be reached
at x3-7143.

Please let me know if you need anything else.

Aneela


CALIFORNIA MANAGEMENT REVIEW
SPECIAL PRESENTATION
Friday, October 19th, 4:00 p.m.
Wells Fargo Room

The California Management Review is pleased to announce a special presentation by Linda K. Trevi?o on Friday, October 19, 2001 at 4:00 p.m. in the Wells Fargo Room.  Professor Trevi?o will discuss her article, "Moral Person and Moral Manager: How Executives Develop a Reputation for Ethical Leadership" (California Management Review, Vol. 42, No. 4).

The talk will be followed by a catered reception.

SPONSORED BY ACCENTURE

--
__________________________________
California Management Review
University of California
F501 Haas School of Business #1900
Berkeley, CA 94720-1900
phone: (510) 642-7159
fax: (510) 642-1318
e-mail: cmr@haas.berkeley.edu
web site: http://www.haas.berkeley.edu/cmr/


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

	Enron Capital & Trade Resources Corp.

	From:  "Laxmi Mrig" <lmrig@qwest.net>                           03/28/2001
06:47 AM

To: "Undisclosed-Recipient" <>
cc:
Subject: "What To Expect In Western Power Markets This Summer" Conference and
Other Upcoming Events

Dear Electric Power Industry Colleague:

Soaring natural gas prices, heat waves, plant outages, low hydropower
availability, capacity shortages ) many unexpected factors combined to send
Western power prices upward last summer. In addition to fundamental factors,
flaws in market rules and market power are also considered by many observers
to  have been significant causes. Western power markets continued to hold
surprises  in the fall and winter, as lower load levels did not result in the
expected  moderation of prices. Unprecedented gas market price spikes, and a
credit crisis  due to the near-bankruptcy of California utilities, were added
to the complex  mix of market drivers.

Electric Utility Consultants, Inc. (EUCI) is organizing a conference to
address these complex issues ) "What to Expect in Western Power Markets This
Summer." The conference will bring together market forecasters, system
operators, regulators, monitors, buyers, sellers and other industry experts
to  present and discuss the latest facts, policies, and forecasts.
Presentations and  panel discussions will cover supply, demand and price
forecasts; how the Western  markets work when capacity is short; changes to
ISO rules and regulatory  policies; and FERC,s price mitigation measures. In
addition, a session will  cover longer term developments in the western
markets.

Attend EUCI,s timely conference, "What To Expect in Western Power Markets
This Summer" to get as clear a picture as is likely to be available.

To view the details for this conference, please click
http://www.euci.com/Conferences/wewmay01.htm and for associated "Modeling the
WSCC Grid" Workshop,  please click
http://www.euci.com/Conferences/mtwapr01.htm. On the right hand column of
these pages, you will see  links for Program Agenda, Registration
Information, and Online Registration. You  may need to maximize your page or
move the sliding bar to the right to get to  the right hand column depending
upon your browser or  monitor.

?

List of Other Upcoming Conferences and Workshops

Ancillary Services Conference and Workshops

Ancillary Services Conference

http://www.euci.com/Conferences/ascapr01.htm

and associated Workshops for this conference

Ancillary Services 101 Workshop

http://www.euci.com/Conferences/as101apr01.htm

Market Based Pricing for Ancillary Services: Market Design Choices,
Consequences and Outcomes Workshop

http://www.euci.com/Conferences/mbpapr01.htm

?

Short Courses

FERC Order 2000 & Emerging Market for Transmission Upgrades

http://www.euci.com/Conferences/fo2kmay01.htm

Engineering and Planning for Aging T&D Infrastructures

http://www.euci.com/Conferences/eapjun01.htm

What Generation Developers Need to Know about Transmission

http://www.euci.com/Conferences/wgdjun01.htm

?

Transmission Grid Expansion and System Reliability  Conferences

Conference 1: Focus on Regulation (Regulatory, Legislative Update, and
Incentives for Transmission Grid Expansion and System Reliability

http://www.euci.com/Conferences/formay01.htm

Conference 2: Focus on Pricing (Pricing and Incentives for Transmission  Grid
Expansion and System Reliability)

http://www.euci.com/Conferences/fopmay01.htm

Market Based Planning for Transmission Capacity  Expansion

http://www.euci.com/Conferences/mbtmay01.htm

?

Electricity Risk Management Conferences

Electricity Risk Management 101 Workshop

http://www.euci.com/Conferences/ermjun01.htm

Portfolio Valuation and Optimization Conference

http://www.euci.com/Conferences/pvojun01.htm

?

After you click any of these event titles, you will see links for program
agenda, registration information, and online registration on the right hand
column. Depending upon your browser and monitor, you may need to maximize
the  page to see these links.

If you would like further information concerning our conference proceedings,
please visit our website at http://www.euci.com/proceedings.htm

Kindly forward this announcement to your colleagues who might benefit from
attending these conferences/workshops/courses.

Best Regards,

L. Mrig
Electric Utility Consultants, Inc.  (EUCI)
5555 Preserve Drive
Greenwood Village CO 80121
(303)  770-8800
Lmrig@euci.com

Send us a note  if you do not wish to receive these announcements.


SERC

A very quiet night in SERC.  Evening peak prices fell off hard due to rain
covering  SOCO's control area.  OPC was the best bid for the evening peak he
21-22($60-$70).  SOCO would not show a bid for the evening peak.  For he
21-23 SOCO began to sell about 400mw's to SCEG, SC and GTC.  The TLR called
by TVA on the Bowen-Sequoyah has not been re-called as of 3:00 a.m.  TVA has
not been able to bring in power from the north.   TVA must be doing well
generation wise since they did not import power from its neighbors.  For
off-peak SOCO was $14 @ $22.  SCEG was a $15 bid.   For friday SOCO, OPC and
SCEG will be on the bid.

 SERC    16 hour average:  BID  $ 42.7  OFFER $ 72.5

FRCC

Importing power into Florida was again a problem up until off-peak.  For the
evening peak FPL and FPC were bidding in the mid 40's.  For he 22 FPL bought
$21 and for off-peak  FPL was a mid teens bid.   Both TEC and TAL were flat
for the evening peak and the off-peak.   With TLR's expected again for
friday, the night guys at FPC and FPL are going to let the day guys make a
decision on any b.o.d preschedules.

 FRCC   16 hour average:  BID  $ 68.8  OFFER $ 139.7


Per Janet's request.

----- Forwarded by Gerald Nemec/HOU/ECT on 12/28/2000 06:26 PM -----

	Gerald Nemec
	12/28/2000 06:24 PM

		 To: joego@calpine.com, bradb@calpine.com, dixonr@flash.net
		 cc: Stephanie Miller/Corp/Enron@ENRON, Julie A Gomez/HOU/ECT@ECT
		 Subject: Revised Docs

Attached please find revisions per our conference call. Excluding all but
one, we made Enfolio changes proposed by Michael. Our only deviation was to
delete article 4.2,  sec vii, re: MAC.

Based on your QUICK feedback, we will send execution documents electronically
so Janet can initial.

Please call me at Gerald's office if you have any questions.

Regards,

Stephanie


guys, phone numbers:

Home:  713-592-9723
Cell: 713-907-6315

Regards
Delainey


Good to finally hear from.  Judging from your e-mail, it sounds like you had
some fun in your exercises- I guess that English degree is finally paying off.
Luckily you missed out on another series of disappointments from the Longhorn
football team.  It seems as though they are improving, however.  Hopefully we
will be playing for the National Championship next year.

How are things otherwise?  When are you coming into town again?

Later-

Eric


I talked to Ken and he has called a meeting at 7 a.m. central.

Greg and Jeff M. - Please meet in the Board room for the call  .  THX

 -----Original Message-----
From: 	Donahue, Jeff
Sent:	Thursday, November 08, 2001 5:05 AM
To:	Whalley, Greg; McMahon, Jeffrey
Cc:	Bowen Jr., Raymond; Detmering, Timothy J.; Muller, Mark S.; Taylor, Mitch; Rieker, Paula
Subject:

Greg and Jeff:

Paula Rieker has a secure line reserved for a telephonic board meeting - tentatively starting at 7:00 am - if it is needed.  The board meeting is of course contingent on a favorable response from Moody's and some resolution of the bid/ask spread around the exchange rate.  Paula will need approximately 30 minutes in order to get a quorum for the call.

I am in my office at 3-5603 and Paula is in her's at 5-7676.

Regards.


Sally Manning
65 Boston Post Road West, Suite 300
Marlborough, MA 01752

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


I am having trouble pulling in the demand charge for 6/00 on deal 157278 for
$1,129.09.  The only thing that is different from May is that the demand
volume is 0.  I think it needs to be a 1 for the charge to come through.
Please take a look.

Thanks,
Megan


Do we have a policy on how we put together these reports?  I think eventually
they would like to charge for the information.  Any suggestions on who I
should talk to?
Thanks,
Brent
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
27/03/2000 09:06 AM ---------------------------

Jeff Kabel
22/02/2000 02:55 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Bernardo Andrews/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Gas/Power Desk Report

We are planning to begin a weekly report on the gas/power/ other energy
markets in Argentina.  This is common practice with ECT NA and Europe.  What
legal hurdles do we have other than including a disclaimer at the bottom (or
top) of every report??  This should be easy to determine by talking with
counsel in Houston, no??  We want to start sending these reports out within
the next two weeks (pre-winter) to both current and potential customers.

Thanks,
jf


FYI.

-----Original Message-----
From: Tom Beach [mailto:tomb@crossborderenergy.com]
Sent: Tuesday, October 23, 2001 11:55 AM
To: Dasovich, Jeff
Subject: Re: QF Presentation

Jeff --

As always, your proposal is creative.  After reviewing your presentation,
here are some tough questions that we can discuss tomorrow:

1.    Would the replacement energy from the market be obtained under
contracts of similar length and firmness as the QF contracts that the energy
replaces?  If not, why would the CPUC want to replace long-term, committed
QF power with short-term firm energy?

2.    Why would the CPUC want to replace long-term QF power over which it
has substantial regulatory leverage (through SRAC pricing) with market
energy from sources over which it may have less control?

3.    Are there 8,000 MWs of low-cost replacement energy available in
California, or in the WSCC with firm transmission to California?  How steep
is the supply curve for replacement energy?

4.    After a QF is bought out, I assume that it would simply operate in the
electric market as a merchant plant, if it continues to operate to provide
on-site power and thermal energy.  Is this correct?

5.    How sensitive are your calculated ratepayer and QF benefits to changes
in the relationship between SRAC (i.e. gas) and electric market prices?

6.    Assuming that there are both ratepayer and QF benefits from QF
contract buyouts, why is there a need for a formalized auction process, when
the same benefits might be captured through bilateral negotiations (such as
the QF buyouts done to date)?

7.    Doesn't your proposal require the utilities to be back in the power
procurement business?  If not, why not?

As you perhaps can tell, my questions focus on whether now is the right time
for such a broad plan to buyout QF contracts.

Talk to you tomorrow,

Tom

-----Original Message-----
From: Dasovich, Jeff <Jeff.Dasovich@ENRON.com>
To: tomb@crossborderenergy.com <tomb@crossborderenergy.com>
Date: Tuesday, October 23, 2001 8:41 AM
Subject: QF Presentation

Tom:
Here's the presentation that we'll go over with you tomorrow.
If you have any questions between now and then, just give me a call at
415.782.7822.
What number should I call you at tomorrow?

Best,
Jeff

>  <<QF Auction General.ppt>>
>
>

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


Steve, I sent the following document earlier today.  I hope it got there on
time for Rick Perry's meeting with Juan Hern?ndez.

I am sorry I did not copy before.

Best,

Ricardo
---------------------- Forwarded by Ricardo Charvel/NA/Enron on 08/17/2000
10:21 AM ---------------------------
To: Rickp@fc.net
cc:
Subject: Mexico Profile

Dear Mr. Perry,

At the request of Steve Kean, I am sending you a profile on Mexico which I
hope you find useful.

Best regards,

Ricardo Charvel
Sr. Director
Government Affairs
Mexico


John, I assume that you are doing the review for Vince Kaminski.

Thanks
Dave


One more revision to the GTC.  Few changes based on my discussion with Carl
this morning.  I have attached a clean and redlined copy.  The redline is
compared against the version prior to the secondary point discussion for
Colleen's benefit.  I am fine to run with this copy from a legal perspective
unless Dick or Colleen had any comments.


fyi - if you feel like reading a historical piece on telecom.
----- Forwarded by Lara Leibman/NA/Enron on 06/27/2001 03:09 PM -----

	Lara Leibman
	06/26/2001 05:44 PM

		 To: Fred Enochs/Enron Communications@Enron Communications, Regan
Dolezal/Enron Communications@Enron Communications
		 cc: Paul Racicot/Enron Communications@Enron Communications
		 Subject: regulatory timeline

Fred,

Attached is the regulatory timeline that you requested for the FCC
presentation.  I left a hard copy for you with Rosie in the event that you
make it into the office tomorrow (which I heard you intend to do).   Safe
travels and let me know if you have any questions.

Lara


http://www.goldmansachs.com/ficc/confirmations/

---------------------- Forwarded by Louise Kitchen/HOU/ECT on 11/28/2000
11:47 AM ---------------------------

Mark Pickering
11/28/2000 11:30 AM
To: Philippe A Bibi/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT, Thomas D Gros/NA/Enron@Enron, Sally Beck/HOU/ECT@ECT
cc:

Subject: Did you see this?

---------------------- Forwarded by Mark Pickering/LON/ECT on 28/11/2000
17:30 ---------------------------
To: John Paskin/LON/ECT@ECT, Phil Yoxall/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT
cc: Deborah Edwards/LON/ECT@ECT, Mark Pickering/LON/ECT@ECT

Subject: Did you see this?

http://www.goldmansachs.com/ficc/confirmations/


fyi

Here are some questions and answers that you will find helpful:
*	Are self provided ancillary services (on a SC required basis)
sequential; excess spin rolls into nonspin requirement for the SC (if
offered
as nonspin).

 NO, If an SC self provides 130 MW of SPIN capacity yet the calculated
market requirement is only 100MW,  the self-provided amount of 120 MW will
be accepted for SPIN and none of the EXCESS 30 MW of capacity considered for
other A/S services.

Please Note if in this example the SC's SPIN obligation is calculated to be
90 MW, the over self provided portion (100MW - 90MW) = 10 MW would receive a
payment.  In this example there is an additional 20 MW of EXCESS above the
total market requirement that "gets left on the table" which will receive no
compensation.

*	If self provision reserves are offered in excess of the total
quantity required for the total market, will the ISO take them all anyway or
will the offerings be truncated and perhaps roll into a subsequent service
(if offered as self provide in that service).

NO, As in the above answer.  The total Self provided quantity will be
accepted and there would be no reduction of the preferred schedule even if
this amount is ABOVE the total market requirement.

Also, check out M-402 and M-421 at the following link:
http://www.caiso.com/thegrid/operations/opsdoc/marketops/

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>
A


Lance,  Kim was here on Friday.  I have asked Mark Taylor for his thoughts.  Michelle

 -----Original Message-----
From: 	Schuler, Lance
Sent:	Sunday, July 08, 2001 4:16 PM
To:	Cash, Michelle
Subject:	Contact information

New contact information for Kim Jacobson: home office is 713/666-1230; and email address is kajlaw@swbell.net  Any update on her taking a part-time position?  Thanks for all the help.  Lance.

W. Lance Schuler
Enron North America Corp.
1400 Smith Street
Houston, Texas  77002
Phone: 713/853-5419
Fax:  281/664-4890
Email:  lance.schuler-legal@enron.com


When: Tuesday, January 08, 2002 10:00 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where: ECS 05375

*~*~*~*~*~*~*~*~*~*


Shirley,

Please, send him my bio.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
09:00 AM ---------------------------

"Andreas Simou" <andreas@garpmail.com> on 09/06/2000 11:01:11 AM
To: <hansruedi.schuetter@csg.ch>
cc:
Subject: The GARP 2001 Convention

Dear GARP 2001 Speaker
?
Just a gentle reminder that the information I  requested for your
presentation at the GARP 2001 Convention,  was due in today. Can I please
have this information by Friday 8th  September so that I will have adequate
time to include all the details  in the brochure, which is due to go to press
very shortly.

The  information that I require as soon as possible is as follows:
1. confirmation of professional details (including  the speaker's name, job
title, and organisation)
2. confirmation that the topic title is accurate  and to your liking
3. bullet points for your presentation (up to 5 to  6 bullet points - please
as technical and detailed as possible)
4. contact details (including telephone numbers,  fax no, colleague/PA, full
address)
?
If you have any questions please do not hesitate to  contact me, otherwise I
look forward to receiving the above information by  Friday 8th September.
?
Kind regards
?
Andreas

____________________________
Andreas  Simou
GARP 2001 - Conference Producer
Tel? +44 (0) 20 7626  9301
Fax +44 (0) 20 7626 9900


You know I love this idea , BUT I still think we need to let Ken personally
address the "shots" he has taken.  It is just not the same to have Jeff say
it is okay that the AG of California wants to put Ken in a cell with Spike!
I strongly believe we need to give Ken a forum too, as he has been at the
center of alot of the recent noise.  I still believe a video with both of
them is the right way to go...The State of Enron.  I think Jeff's Corner is a
great idea too...can't we do both?  Ok, I have said this enough..I will go
away quietly now and let the experts decide...Beth
---------------------- Forwarded by Elizabeth Tilney/HOU/EES on 06/13/2001
04:44 PM ---------------------------

Mary Clark@ENRON
06/13/2001 01:42 PM
To: Jeff Skilling/Enron@EnronXGate
cc: Sherri Sera/Enron@EnronXGate, Karen Denne/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron (bcc: Elizabeth Tilney/HOU/EES)
Subject: Your corner on the intranet

Jeff --

Our Internal Communications group is continuing to look for ways to
communicate with employees in a timely manner about hot topics that are of
interest to them.  We're also looking to increase your exposure with
employees.  We have a new idea, which Sherri discussed briefly with you a
couple of weeks ago.  It's called "Jeff's Corner" and it will be a regular
video message that will be posted on the intranet -- which can be accessed by
99.9% of our employees.

This is how it will work.  We will tape a 2-3 minute video of you talking
about what's top of mind at that moment.  The tone and style will be like
your floor meetings (one of your best employee venues), casual and
conversational.  We suggest the first topic be "The State of Enron."  There
is a lot of talk among employees about the cheap shots we've taken as a
company and by you and Ken, about the decline in our stock price and about
the widespread re-deployment efforts.   These recent events are  beginning to
affect morale.  Employees are concerned and want to be assured that we're on
the right side, that they will have jobs, that Enron will be here next year.
You've helped reassure them about these things at recent floor meetings;
however, that is only a small part of our global work force.  Having your own
corner on the intranet will have a farther reach, and we have the capability
to do this in-house at very low cost.

We recommend making this a regular communication feature at least monthly,
although since this would only involve a few minutes of your time, you could
even tape a message to employees weekly.  The nice thing about this medium is
we have the ability to respond immediately to current events, and having you
speak to employees gives the message credibility.

Future topics could address new cost saving procedures, update on Dabhol, the
PRC, reasons behind an organizational announcement, The Pulse survey, etc.
We'd like this to be a forum where you can talk about topics you'd like to
discuss.

I've checked with the technical team, and we have the capability do this
now.  I will check your calendar with Sherri.  Let me know if you have any
questions.

Mary


I updated the worksheet with a little more info and I added Trco and Tetco
Marktet area information.  I did this quickly so let me know if something
doesn't look right.  On Monday, we will show you a bid for the Tetco and Trco
volumes.

Also, the Tetco and Trco volumes are monthly and the CGAS volumes are daily.


I'd be happy to call Nickles.


The New York State Reliability Council ("NYSRC") is posting the following
notice to all interested parties on the NYSRC web site at "www.nysrc.org",
on the "Documents" web page:

                   NOTICE OF SELECTION OF REPRESENTATIVE
                     OF LARGE CONSUMERS AS A MEMBER OF
                      THE EXECUTIVE COMMITTEE OF THE
                    NEW YORK STATE RELIABILITY COUNCIL

     Pursuant  to  procedures approved by the Board of Directors of the New

York  Independent  System  Operator, the seat on the Executive Committee of

the New York State Reliability Council ("NYSRC") that is allocated to Large

Consumers (i.e., an Industrial Consumer or a Commercial Consumer whose peak

load  in  any  month within the previous twelve months was two megawatts or

more)  shall  be  filled  by a representative designated by the entity that

would  best  represent  industrial  and  large  commercial  consumers.  The

initial two year term of the representative of Large Consumers on the NYSRC

Executive  Committee  has  expired and a representative must be selected to

fill the term expiring on July 31, 2003.  Any party who is a Large Consumer

and  is  willing  to  provide  financial support for the annual dues of the

NYSRC  may participate in the selection process.  The annual dues currently

payable  by  the  representative  of  Large  Consumers is $5,000.  Expenses

related  to  participation in the NYSRC will be borne by the representative

of Large Consumers.

     Any   Large  Consumer  qualified  to  participate  should  advise  the

Secretary of the NYSRC Executive Committee, Joseph C. Fleury, of its choice

of  the  entity that would best represent Large Consumers, by no later than

October 19, 2001.  The entity to represent Large Consumers will be selected

on  a one party - one vote basis.  Mr. Fleury may be contacted by e-mail at

"jcfleury@nyseg.com", or by fax at (607) 762-4862.

Joseph C. Fleury
Secretary, NYSRC Executive Committee

(See attached file: Large Consumer Sector Selection Notice.doc)
 - Large Consumer Sector Selection Notice.doc


aroffwarg@bracepatt.com writes:
>Michael,
Ben Jacoby and I are still discussing the fundamental business terms
reflected in this draft.  Speaking for AES, we do not plan to execute as
is.  We expect to speak again tonight.

Steve Hase
>
>Attached please find a revised Amendment No. 1 to the Securities Purchase
>Agreement reflecting the new business terms.  This revised amendment
>should supercede the version I distributed on Friday.  In order to
>expedite the review process, I am simultaneously sending a copy of this
>document to ENA for their final approval; therefore, it remains subject
>to further changes if necessary.
>
>Best regards.
>
>
>Aaron P. Roffwarg
>Bracewell & Patterson, LLP
>South Tower Pennzoil Place
>711 Louisiana St.
>Houston, Texas 77002
>(713) 221-1117 (Ph)
>(713) 221-2184 (Fax)
>
>CONFIDENTIALITY STATEMENT:
>This information is intended only for the use of the individual or
>entity to which it is addressed and may contain information that is
>privileged, confidential, and/or exempt from disclosure under applicable
>law.  If you are not the intended recipient, you are hereby notified
>that any dissemination of this information is strictly prohibited.  If
>you have received this information in error, please notify us
>immediately by telephone at (713) 221-1117 or by fax at (713) 221-2184,
>and confirm that you have destroyed this information and any copies.
>Thank you.
>
>


FYI - thought you'd like to see this.  SRS

 -----Original Message-----
From:  Thomas Moffet <TMoffet@amsterdampacific.com>@ENRON
[mailto:IMCEANOTES-Thomas+20Moffet+20+3CTMoffet+40amsterdampacific+2Ecom+3E+40
ENRON@ENRON.com]
Sent: Tuesday, June 26, 2001 2:07 PM
To: Skilling, Jeff; Sera, Sherri
Subject: FW: Compliments from another HBS alum on your poise at Commonweal th
Club speaking engagement

This bounced back form your HBS e-mail address so I am resending it
directly.

>  -----Original Message-----
> From:  Thomas Moffet
> Sent: Thursday, June 21, 2001 7:47 PM
> To: 'jskilling@mba1979.hbs.edu'
> Subject: Compliments from another HBS alum on your poise at
> Commonwealth Club speaking engagement
>
> I've just come back from listening to your talk and responses to Q&A at
> the raucous California Commonwealth Club meeting tonight.  As an HBS MBA a
> dozen years ahead of you, I wanted to drop you a note to say how well I
> thought you handled the highly charged atmosphere and the
> "pie-in-the-face" assault.  Usually our meetings are more civil.  Your
> economic arguments and portrayal of the deeply flawed regulatory structure
> were on point in my view.  Unfortunately, I am skeptical that we shall
> have anything other than a solution skewed by political expediency in
> California and shall be paying the high cost of those blunders for many
> years to come.  I hope your message gets through to our legislators and
> urge you to continue to speak to Californian audiences, despite the
> unpleasant reception you will probably get.  I think you made a real step
> forward in bridging the gap in public understanding tonight.
>
> Best regards
> Tom
>
> Thomas H. Moffet
> HBS'67F


Why are you going to Florida?

Alicia Perkins@EES
03/12/2001 04:15 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Farewell Happy Hour

It is so!  Are you going to celebrate with me or what?

To: Alicia Perkins/HOU/EES@EES
cc:
Subject: Re: Farewell Happy Hour

NOOOO!  Tell me it isn't so!!!

Alicia Perkins@EES
03/12/2001 03:15 PM
To: EASubieta@equiva.com, Kori Loibl/HOU/ECT@ECT, Purvi
Patel/ENRON@EnronXgate, Brian Hoskins/Enron Communications@Enron
Communications, Hector Campos/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Mason
Hamlin/HOU/ECT@ECT, Karen Herrmann/NA/Enron@Enron, Carole
Frank/NA/Enron@ENRON, Mary.williamson@dynegy.com, Jason
Brent/Enron@EnronXGate, Gabriel Monroy/HOU/ECT@ECT, Alejandro
Hernandez/NA/Enron@Enron, Phil Villagomez/HOU/EES@EES, Sarah
Driscoll/HOU/EES@EES, Kimat Singla/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON,
Kyle R Lilly/HOU/ECT@ECT, Alejandra Chavez/NA/Enron@ENRON, Kulvinder
Fowler/NA/Enron@ENRON, Elizabeth L Hernandez/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Bruce Mills/Corp/Enron@ENRON, Errol
McLaughlin/Corp/Enron@ENRON, Susan M Scott/HOU/ECT@ECT, Laura
Vargas/Corp/Enron@ENRON, Sherry Dawson/NA/Enron@Enron, Bilal
Bajwa/NA/Enron@Enron, Cathy De La Torre/HOU/ECT@ECT, Melba A
Bowen/HOU/ECT@ECT, Gregory A Mausser/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT,
Christopher Coffman/Corp/Enron@Enron, Elizabeth Boudreaux/NA/Enron@Enron,
Irena D Hogan/HOU/ECT@ECT, Jackson Logan/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Minal Dalia/HOU/EES@EES, Alma Martinez/Enron@EnronXGate,
patberger74@hotmail.com, Tobin Carlson/HOU/EES@EES, Jennifer
Rudolph/HOU/EES@EES, Adrian Woolcock/HOU/EES@EES, Jodi Thrasher/HOU/EES@EES,
Peter Ward/HOU/EES@EES, Bani Arora/HOU/EES@EES, Juan Cabrales/HOU/EES@EES,
Stephen Benchluch/Enron@EnronXGate, Eric Feitler/NA/Enron@Enron, Bruno
Messer/Enron@EnronXGate, Bill Heidecker/HOU/EES@EES
cc:
Subject: Farewell Happy Hour

Hi Everyone-

Well, as most of you know, I am moving to Florida on Thursday.   I want to
have one last happy hour with my Houstonian friends....

Where: The Flying Saucer  (Capital & Main)
When: Tuesday after work until whenever
Why: So that I can say Good Bye

I'll be there as early as anyone else can go.  Call me if you can go over
there early with me.
I hope to see you there,
Alicia


When: Friday, August 10, 2001 12:30 PM-1:00 PM (GMT-06:00) Central Time (US & Canada).
Where: @ 12:30pm  EB 3663

*~*~*~*~*~*~*~*~*~*


Thanks for getting those tickets - it sounds like its going to be a great
opening day.  If you can FEDEX them to my office address that would be
great.  Do you know who has the Final Four tickets?  Thanks
Ben

Office Address:
Attn: Ben Rogers
Floor 3116d
Enron Corp
1400 Smith Street
Houston, TX 77002


Please see attached PDF file containing the MAIN Winter 2000-2001
Transmission Assesment.  Note also the attached summary of import, exports,
and bases between various interfaces.  Note:  The PJM/ECAR, ECAR/TVA,
TVA/ENT, Ent/SOCO interfaces have seen the sharpest decreases in
import/export capability from last year to this year.

To: Ricardo Perez/NA/Enron@Enron, Grace Kim/NA/Enron@Enron, Rika
Imai/NA/Enron@Enron, Eric Saibi/Corp/Enron@ENRON, Peter
Makkai/NA/Enron@Enron, Christopher Watts/NA/Enron@Enron, George
Hopley/HOU/ECT@ect, Paul D Thomas/NA/Enron@Enron, Gautam Gupta/HOU/ECT@ECT,
Narsimha Misra/NA/Enron@Enron
cc: Kevin M Presto/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Mark Dana
Davis/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT,
Mitch Robinson/Corp/Enron@Enron

Subject: MAIN Winter 2000/2001 TASG Report

Attached is the link to the main transmission study.

It contains some great bubble drawings as well as some key transmission
information on major flowgates.

Note it looks like TVA's transfer capability for the winter has been
significantly been reduced versus the 99/00 study.

Please review this document for significant items that affect your markets
and prepare an applicable brief for your traders.

thanks.
---------------------- Forwarded by Lloyd Will/HOU/ECT on 11/20/2000 12:20 PM
---------------------------

"Teri L. Harrop" <tlh@maininc.org> on 11/16/2000 12:48:26 PM
To: bodplus@maininc.org, ecplus@maininc.org, ocplus@maininc.org,
marketinterfaceplus@maininc.org
cc: kpm@maininc.org
Subject: MAIN Winter 2000/2001 TASG Report

The MAIN Winter 2000/2001 TASG report is available in electronic PDF
format via the following link:

http://www.maininc.org/files/tasg00w.pdf

-----------------------------------------------------------------
Kerry Marinan                           Email: kpm@maininc.org
Senior Engineer                         Phone # (630)261-2606
Office hours: 11/1->11/30 0800->1800+    Fax #   (630)691-4222
-----------------------------------------------------------------


Several DPL representatives will be here Thursday at 1:30pm (CST) to discuss
the Wheatland plant.  Please make plans to attend the meeting in 3321.  For
those outside Houston, we will have a call-in number.

Major areas of Focus: Real Estate, Environmental, General

Call me with any questions.

Thanks,

Don


Return-Path: <bargainpool@jps.net>
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Message-ID: <011201c08a2b$75567100$3e195c3f@rcsis.com>
From: "Bargain Pool Supplies" <bargainpool@jps.net>
To: <VKaminski@aol.com>
References: <6a.ad13305.27a5f2a8@aol.com>
Subject: Re: Polaris 360 bags
Date: Mon, 29 Jan 2001 11:41:22 -0800
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Thanks for contacting BargainPoolSupplies.com
?
The all purpose Polaris 360 bags are $19.50
?
Please place your order on-line or e-mail us with your name and phone  number
to place your order and we
will call you.? Or you can call our  toll free line at: (877) 296-0980.
?
Thanks for your interest.
Mark
?
www.bargainpoolsupplies.com
sales@bargainpoolsupplies.com

----- Original Message -----
From:  VKaminski@aol.com
To: sales@bargainpoolsupplies.com
Sent: Sunday, January 28, 2001 2:09  PM
Subject: Polaris 360 bags

Looking for Polaris 360  bags. Residential cutomer.

Vince Kaminski


Like you have time to read this... It is really funny.

PT
---------------------- Forwarded by Patti Thompson/HOU/ECT on 01/10/2001
05:05 PM ---------------------------

Sue Foust
01/10/2001 03:43 PM
To: Karen Snow/HOU/ECT@ECT, Michelle Bruce/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Linda K Loukanis/HOU/ECT@ECT, Marilyn M
Schoppe/HOU/ECT@ECT, Glenda D Mitchell/HOU/ECT@ECT, Joan Winfrey/HOU/ECT@ECT,
Julie Flahaven/NA/Enron@Enron, Lisa Walker/HOU/ECT@ECT, Michelle
Thomason/NA/Enron@Enron, Patti Thompson/HOU/ECT@ECT
cc:
Subject: Personal Trainers

---------------------- Forwarded by Sue Foust/HOU/ECT on 01/10/2001 03:32 PM
---------------------------

SHERRI SORRELS <ssorrels_vitoltvl@yahoo.com> on 01/10/2001 12:38:20 PM
To: Cyndi Alvarado <cyndi.alvarado@enron.com>
cc: Dee Yocum <day200@yahoo.com>, Lisa Murray <SLMHTX@AOL.COM>, "Diane
O'Brien" <CUDELZ54@HOTMAIL.COM>, SANDIE PIERCE <spierce@ppchouston.com>, Mary
Reed <mreed@us.amadeus.net>, Lisa Rudy <starme98@hotmail.com>, Jessica
Sanders <spedster14@hotmail.com>, Shelby Sanders <shelbywelby@hotmail.com>,
Crystal Schwartz <cschwartz_vitoltvl@yahoo.com>, Jan Skoog
<JSKOOG_VITOLTVL@YAHOO.COM>, TERRI SMITH <tsmith3@enron.com>, Lori Sorrels
<lsorrels61@yahoo.com>, Sue Foust <sue.foust@enron.com>, Gabor Fuzesi
<gabor@flash.net>, Cassie Gordon <GORCASS@LYCOMING.EDU>, Toni Gordon
<louise36c@hotmail.com>, Delores Harton <mistyblue_58@yahoo.com>, JULIE HUNT
<jhunt_vitoltvl@yahoo.com>, Joni Krizay <teddybear219@hotmail.com>, LORI
REYES <TXLORI@HOTMAIL.COM>, GINNY LYMAN <gdunn126@aol.com>, Joyce Lynn
<mlynn@enron.com>, Terri Maldonado <tmaldonado@statesman.com>, CRYSTAL
CAMPSEY <honeydew784@aol.com>, Lydia Cannon <lydia.cannon@enron.com>, Jolie
Carter <onensyncfan@knoxy.net>, Juanita Carter <redcarter@knoxy.net>, Karen
Ener <KDE@VITOL.COM>
Subject: Fwd: Fw: REALLY CUTE

> > This is dedicated to every woman who ever attempted to get
> >>    into a regular workout routine, (or use one of those Ab-Doer
> machines

> >>    Dear Diary,
> >>
> >>      For my fiftieth birthday this year, my husband (the dear)
> purchased
> a
> >> week of personal training at the local health club    for me.
> Although I
> >> am still in great shape since playing on my high school softball
> team, I
> >> decided it would be a good idea to go  ahead and give it a try.
> >>       I called the club and made my reservations with a personal
> trainer
> >> I'll call Bruce, who identified himself as a 26-year-old aerobics
> >> instructor and model for clothing and swimwear.   My husband seemed
> >> pleased
> >> with my enthusiasm to get started.  The club encouraged me to keep a
> diary
> >> to chart my progress.
> >>       Monday:
> >>    Started my day at 6:00am. Tough to get out of bed, but found it
> was
> >> well
> >> worth it when I arrived at the health club to find Bruce waiting for
> me.
> >> He is something of a Greek God - with blond hair, dancing eyes and a
> >> dazzling white smile.  Woo Hoo!
> >>      Bruce gave me a tour and showed me the machines.  He took my
> pulse
> >> after five minutes on the treadmill.  He was alarmed that my pulse
> was so
> >> fast, but I attribute it to standing next to him in his Lycra
> aerobic
> >> outfit.
> >>        I enjoyed watching the skillful way in which he conducted his
> >> aerobics class after my    workout today. Very inspiring. Bruce was
> >> encouraging as I did my sit-ups, although my gut was already aching
> from
> >> holding it in the whole time he was around.
> >>      This is going to be a FANTASTIC week!!
> >>
> >>    Tuesday:
> >>    I drank a whole pot of coffee, but I finally made it out the
> door.
> >> Bruce
> >> made me lie on my back and push a heavy iron bar into the air - then
> he
> >> put
> >> weights on it!  My legs were a little wobbly on the treadmill, but I
> made
> >> the full mile.  Bruce's rewarding smile made it all worthwhile.
> >>        I feel GREAT! It's a whole new life for me.
> >>
> >>    Wednesday:
> >>      The only way I can brush my teeth is by laying on the
> toothbrush on
> >> the counter and moving my mouth back and forth over it.  I believe I
> have
> >> a
> >> hernia in both pectorals.
> >>      Driving was okay as long as I didn't' try to steer or stop.  I
> parked
> >> on top of a GEO in the club parking lot.  Bruce was impatient with
> me,
> >> insisting that my screams bothered other club members.   His voice
> is a
> >> little too perky for early in the morning and when he scolds, he
> gets
> this
> >> nasally whine that is VERY annoying.  My chest hurt when I got on
> the
> >> treadmill, so Bruce put me on the stair monster.
> >>      Why the hell would anyone invent a machine to simulate an
> activity
> >> rendered obsolete by elevators?  Bruce told me it would help me get
> in
> >> shape and enjoy life.    He said some other shit too.
> >>
> >>    Thursday:
> >>      Bruce was waiting for me with his vampire-like teeth exposed as
> his
> >> thin, cruel lips were pulled back into a full snarl.  I couldn't
> help
> >> being
> >> a half an hour late, it took me that long to tie my shoes.  Bruce
> took me
> >> to work out with dumbbells.
> >>      When he was not looking, I ran and hid in the men's room. He
> sent
> >> Lars
> >> to find me, then, as punishment, put me on the rowing machine -
> which I
> >> sank.
> >>
> >>    Friday:
> >>      I hate that bastard Bruce more than any human being has ever
> hated
> >> any
> >> other human being in the history of the world.  Stupid,  skinny,
> anemic
> >> little cheerleader wanna-be bastard. If  there were a part of my
> body I
> >> could move without unbearable pain, I would beat him with it.
> >>         Bruce wanted me to work on my triceps.   I don't have any
> triceps!
> >> And if you don't want dents in the floor, don't hand me the &@#$*~
> >> barbells
> >> or anything that weighs more than a sandwich. (Which I am sure you
> learned
> >> in the sadist school you attended and graduated magna cum laude
> from,
> >> Bruce,  you Nazi bastard).
> >>      The treadmill flung me off and I landed on a health and
> nutrition
> >> teacher.   Why couldn't it have been someone softer, like the drama
> coach
> >> or the choir director?
> >>
> >>    Saturday:
> >>         Bruce left a message on my answering machine in his grating,
> >> shrilly voice wondering why I did not show up today.  Just hearing
> him
> >> made
> >> me want to smash the machine with my planner.   However, I lacked
> the
> >> strength even to use the TV remote and ended up catching eleven
> straight
> >> hours of the *$@#& Weather Channel.
> >>
> >>    Sunday:
> >>    I'm having the Church van pick me up for services today so I can
> go
> and
> >> thank GOD that this week is over.   I will also pray that next year
> my
> >> husband (the BASTARD) will choose a gift for me that is fun - like a
> root
> >> canal or a hysterectomy.
> >>
> >>
> >
> >Suzanne Cox
> >Tenor Networks
> >6200 S. Syracuse Way, Suite 125
> >Greenwood Village, CO   80111
> >303 874-5153
> >303 874-5154 (fax)
> >
>

__________________________________________________
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===============================================================
SCIENTECH IssueAlert, November 21, 2000
Dynegy and NRG Energy to Purchase Sierra Pacific Assets
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Dynegy (NYSE: DYN) and NRG Energy (NYSE: NRG) announced a major expansion
of their co-owned generation portfolio in the West through asset purchase
agreements to acquire 1,330 MW of power generation facilities from Sierra
Pacific Resources (NYSE: SRP).  The facilities include the 740 MW gas-fired
Clark Generating Station and 590 MW of the 605 MW, coal-fired Reid Gardner
Generating Station. The facilities are currently owned by Sierra Pacific
Resources' subsidiary, Nevada Power Company, and serve the growing Las
Vegas market.

ANALYSIS: This $634 million purchase has resulted from regulatory mandates
surrounding the Sierra Pacific-Nevada Power merger, which was completed
in July 1999. Sierra Pacific is undergoing the sale and transfer of all
of its remaining gas, oil and natural-gas fired Nevada generating assets,
which it intends to complete in 2001.

The Reid Gardner and Clark Stations are among the seven asset bundles that
were included in an auction by Sierra Pacific earlier this year. Located
in southeastern Las Vegas, the Clark Generating Station consists of 10
gas- and oil-fired generating units, which as noted total 740 MW. The oldest
unit at the Clark Generating Station became operational in 1955, the newest
in 1994. Specific information about which units at the Clark Generating
Station are included in this purchase was not available. The Reid Gardner
Generating Station consists of four baseload coal-fired units and is located
52 miles northeast of Las Vegas. According to recent data from the Energy
Information Administration, the California Department of Water Resources
owns about 68 percent of the Reid Gardner Plant. It is not clear what impact
the Dynegy / NRG purchase will have on this organization's ownership in
the plant.

The purchase of the Sierra Pacific assets is subject to approval from the
Federal Trade Commission, FERC and the Nevada Public Utilities Commission,
and is expected to close during the second quarter of 2001. Additional
conditions of the deal include a power purchase agreement for Nevada Power
to buy energy and ancillary services from Dynegy and NRG "at a stable price"
until March 2003.

On their own, both companies are leaders in independent power production
and energy supply. Yet this acquisition is the latest in a string of
collaborative
efforts between Dynegy and NRG. Together, the companies have been actively
acquiring power plants in Illinois and the West Coast, along with purchases
that they have made independently. In fact, this purchase of assets from
Sierra Pacific marks the sixth asset alliance between Dynegy and NRG.
Together,
the two companies jointly own 2,768 MW of power generation facilities in
California and 350 MW in Illinois. In most of the partnerships, and in
the case of this latest purchase from Sierra Pacific, Dynegy markets the
energy produced at the plants and oversees fuel management services, while
NRG manages the operational side.

Last July, Dynegy and NRG entered into a similar agreement to expand the
Rocky Road Power Plant, a natural gas-fired, simple cycle peaking facility
in East Dundee, Illinois. The move into Illinois was an important strategy
for both companies. Of course, Dynegy completed its merger with Illinova
last summer, creating a $22 billion company that is well-positioned to
compete in electric generation, wholesale and retail marketing, and gas
and electric power trading. At the time, the CEO of NRG Energy made it
clear that the Rocky Road plant expansion was part of the two companies'
strategy in becoming a large contributor to the Chicago-area energy market.
Dynegy, in fact, intends to continue acquiring and expanding generation
facilities in Illinois so that it can compete with Exelon Corp.

Moreover, both companies are positioning themselves to be leaders in
generation
capacity and power supply, and the purchase of the 1,330 MW from Sierra
Pacific factors in to both of their strategies. Not only does the acquisition
help to expand both companies' asset base, but it also diversifies their
power supply offerings. For instance, NRG claims that the assets complement
its current gas-fired peaking and intermediate California assets, providing
the benefits of fuel and dispatch level diversification. NRG aims to build
a "top three position in its primary markets." The acquisition of assets
from Sierra Pacific puts NRG into a prime position in the fast-growing
Nevada and Western markets by adding a strong component of baseload generation
to its portfolio.

In fact, this is the second acquisition that NRG has made from Sierra Pacific.
Just last month, NRG announced its intent to purchase a 50-percent interest
in the Valmy Power Station, which Sierra Pacific is selling also as a result
of regulatory mandates. The Valmy Power Station, which is primarily
coal-fired,
produces electricity in the northern Nevada and surrounding markets. In
this $273 million deal, NRG acted as an independent buyer.

Dynegy has long claimed that it wants to gain a 10-percent share, or 70,000
MW, of the U.S. electric market over the next five year by acquiring plants,
building them or negotiating the right to sell power produced by others.
In order to reach this goal, I had projected last summer that Dynegy might
be looking to merge with another provider to build its scale, considering
the fierce competition it faces from other generation companies. The company
has now taken a different path to achieve essentially the same result.
The addition of Sierra Pacific's facilities, combined with other assets
that the company has acquired or developed this year, increases Dynegy's
generating capacity by more than 4,000 gross megawatts. Dynegy contends
that this figure is comparable to many industry mergers without the regulated
transmission and distribution businesses. Dynegy also believes the acquisition
will support a raise in its earnings forecast for 2001, from $1.75 to $1.80
per share.

Dynegy's goals are pretty ambitious. However, the company has been increasing
earnings over the last year, so the $1.80 per share target may be attainable.
For 3Q 2000, Dynegy reported recurring net income of $176.5 million, or
55 cents a share, compared with Dynegy / Illinova pro forma recurring net
income of $96.5 million, or 32 cents per share, for the same period last
year. Much of this growth is coming from Dynegy Marketing and Trade, whose
reported net income increased to $141.9 million*80 percent of the company's
consolidated net income. There is little doubt that Dynegy and NRG,
considering
that they own 2,768 MW of power in the state, benefited from the short
supplies in California this summer, which*along with other factors*drove
up the cost for power in the state.

Another interesting element to this announcement is the fact that similar
strategic acquisitions are being made possible by mandated divestiture
that other companies have faced due to merger activity. Just yesterday,
I wrote about Duke and Williams embarking on a joint venture to purchase
the Gulfstream pipeline project from Coastal Corp. This sale was made possible
because Coastal is being forced to divest the pipeline as a result of its
merger with El Paso Energy. As the old adage goes, one company's loss is
another company's gain, which could be viewed as one of the drawbacks of
M&A activity. Another possible trend is the joint activity we are seeing
between companies. The Duke / Williams  and Dynegy / NRG projects are both
examples of companies that have collaborated on development and acquisition
ventures to support both their joint and individual strategies. As the
energy industry becomes more competitive, like-minded companies may find
that they can actually gain more by developing similar strategic alliances,
rather than following a insular path typically exemplified by, for example,
Southern Company.
===============================================================
Read SCIENTECH's free SourceBook Weekly article: "AES: SourceBook's Company
of the Year," at:
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
==============================================================

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Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
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===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
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<<CALPINE DAILY GAS NOMINATION 1.doc>>
RICKY A. ARCHER
Fuel Supply
700 Louisiana, Suite 2700
Houston, Texas 77002
713-830-8659 direct
713-830-8722 fax

 - CALPINE DAILY GAS NOMINATION 1.doc


NYMEX Membership Services
March 30, 2001
Notice # MS-22

NOTICE OF INTENTION TO TRANSFER

Please be advised that effective with the close of business, March 30, 2001,
he following member(s) have given notice of intention to transfer their sole
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NOTICE OF INTENTION TO LEASE ORIGINAL MEMBERSHIP

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SWITCH OF LESSOR

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the following member(s) will switch their lessor within the Exchange:

Ari Kempler (KEMP-3510)

Robert  Harmon, Jr. (RMON-319), In addition, Mr. Harmon will switch his
qualifying clearing member guarantee from Sterling Commodities Corp. to
Geldermann, Inc.

SWITCH OF STATUS

Please be advised that effective with the close of business, March 30, 2001,
the following member(s) will switch their status within the Exchange:

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REINSTATEMENT OF MEMBERSHIP PRIVILEGES

Please be advised that effective with the close of business, March 30, 2001,
the following member(s) have reinstated their membership privileges:

Michael Tublin (TUBB-3249) as a Lessee Member with a qualified trader
guarantee provided by Pioneer Futures, Inc.

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guarantee provided by Pioneer Futures, Inc.

 Members and Member Firms have (10) days from the date of this notice to
advise the Corporate Secretary,s Office of any claims in accordance with Rule
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