*Ran Aruba and Sithe books in order to become familiar with risk procedures
*Took over Intra Central book
*Handled most of the OA issues on the desk
*Run all calc sheet deals on the desk
*Trained S. Palmer

	Enron North America Corp.

	From:  Jeffrey C Gossett                           06/06/2000 10:44 AM

To: Kam Keiser/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Shawna
Johnson/Corp/Enron@ENRON, Jackson Logan/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Monique Sanchez/HOU/ECT@ECT, Dutch Quigley/HOU/ECT@ECT,
Kyle Etter/HOU/ECT@ECT, Burton McIntyre/HOU/ECT@ECT, Rahmaan
Mwongozi/Corp/Enron@ENRON, Gabriel Monroy/HOU/ECT@ECT, Robin
Rodrigue/HOU/ECT@ECT
cc:
Subject: Accomplishments

Please send me a list of your accomplishments for the last six months by
Friday.

Thanks

JG


Lucy,

I want to have an accurate rent roll as soon as possible. I faxed you a copy
of this file.  You can fill in on the computer or just write in the correct
amounts and I will input.


I'm here.  My phone's not working(no signal in the woods), but I'll call you
when I go to Ruston tomorrow afternoon.  Have a good weekend.

Robin


Will the Reuters feed contain a time stamp?  Some other sites let you know
what  time the trade was done that resulted in the quote.

	James Bruce
	06/28/2000 08:03 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Time Stamp on Stock Quotes

Dear Mark

Do you know of any legal issue that there could be about adding our own time
stamp to a stock quote from Reuters (so that people viewing the site would
know when the stock quotes were last updated by us)?

Let me know if I should direct this question to someone else.

Thanks Mark

Jay


Thanks, bub.  Does this speak for that part of EGM that formerly was Calme,
and which has ops in GAZA and the Carribean, or  do I still look to Dr. Sayre
for those comments?

	Mark E Haedicke@ECT
	11/06/2000 02:25 PM

		 To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Re: New Security and Human Rights Policy - Legal Comments

Please see comments below.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 11/06/2000 02:22 PM -----

	Michael A Robison
	11/03/2000 06:14 PM

		 To: mark.e.haedicke@enron.com
		 cc:
		 Subject: Re: New Security and Human Rights Policy - Legal Comments

Mark:
I wanted to make sure this got to you.
Mike
EB3859
(713) 853-6667 DID
(713) 646-4842 FAX

----- Forwarded by Michael A Robison/HOU/ECT on 11/03/2000 06:16 PM -----

	Michael A Robison
	11/03/2000 06:10 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Re: New Security and Human Rights Policy - Legal Comments

Mark:
The attached email raises the following three questions with respect to
Enron's endorsement and adoption of the attached statement of principles on
Security and Human Rights and my response is noted after each question:
 Are there any show stoppers that would argue that Enron should not publicly
express its "endorsement" of these polices? No.
If Enron were to express its endorsement of the policy statement, what if any
material problems do you think your business line might encounter in
implementing the policy?  Given the limited physical presence of EGM in
foreign locations, I would not expect implementation to be a problem.
Do you see any unintended practical or legal consequences that might arise
from Enron publicly adopting or endorsing this as policy?  The commitment
under the "Consultation and Advice" section of the statement on "Interactions
between Companies and Public Security" provides: "In their consultations with
host governments, Companies should take all appropriate measures to promote
adherence to international law enforcement standards, particularly those
reflected in the U.N. Code of Conduct for Law Enforcement Officials and the
U.N. Basic Principles on the Use of Force and Firearms."  I believe we should
take note that "all appropriate measures" is very broad and could publicly be
construed to mean an obligation to withdraw our operations from a particular
country that fails to abide by these principles.
My response pertains only to the operations of Enron Global Markets.   I will
be checking my emails while I am in Singapore and will be happy to address
this further if you would like me to do so.

Mike
EB3859
(713) 853-6667 DID
(713) 646-4842 FAX

	Mark E Haedicke
	11/03/2000 04:53 PM

		 To: Michael A Robison/HOU/ECT@ECT
		 cc:
		 Subject: New Security and Human Rights Policy - Legal Comments

----- Forwarded by Mark E Haedicke/HOU/ECT on 11/03/2000 04:53 PM -----

	John Schwartzenburg@ENRON_DEVELOPMENT
	11/02/2000 03:34 PM

		 To: Sandeep Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy Young@ECT,
John Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, paul.kraske@enron.com,
mark.evans@enron.com, Mark E Haedicke@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deborah Culver@EES
		 cc: Rob Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp@EES
		 Subject: New Security and Human Rights Policy - Legal Comments

Rob has asked me to collect legal department views on the attached statement
of principles regarding Security and Human Rights that Enron Corp is
considering endorsing. These have been worked out over the past several
months by a task force of the US and UK governments, along with
representatives of industry (including Enron) and NGOs (including Amesty and
Human Rights Watch) under the auspices of Secretary fo State Albright and
Foreign Secretary Cook.  As a result, we really don't  have the ability to
change the text, which is fixed.

As you know, Enron is very concerned about human rights issues because of
their intrinsic value and their community relations impacts.These guidelines
would be in addition to the Human Rights Policy Statement the Enron board
adopted last year, which really do not touch on security matters as such. I
have sent this to each of your since your business units are those that have
the most extensive operations in the developing countries in which these
issues are of primary concern.  (I am separately collecting comments/concerns
from within EES and EECC.)

The Enron effort on this guideline project has been lead by Lauren Goldblatt
of the Corp. PR group. Lauren has run the attached drafts past Mike Hicks and
Pete Vandergam at Corp. Security for their views of whether this can be
implemented by Enron.  We as the legal department have been asked to express
our view on are the following:

(a) Are there any show stoppers that would argue that Enron should not
publicly express its "endorsement" of these polices?
(b) If Enron were to express its endorsement of the policy statement, what if
any material problems do you think your business line might encounter in
implementing the policy?
(c) Do you see any unintended practical or legal consequences that might
arise from Enron publicly adopting or endorsing this as policy?

Please take an hour few hours to read through the materials, or have one of
your lawyers do so. You might need to consult with your operation personnel
for their practical views as well.   I would be grateful if you could express
any concerns you may see with the guidelines by November 7 (Wednesday) so
that I can coordinate comments and get the responses out.   (The deadline for
Enron and other companies to express their endorsement of the policy has been
extended from the November 8 deadline expressed in the attached to November
15. To allow time for Enron to deal with responses, we have been asked to get
our feed back to Lauren by November 8 (Thursday).)

You cane-mail your comments or phone them to  me at 713-646-6309. If I get
suffucient expressions of interest for a conference call by Monday, I will
set up a call in number for Wednesday morning US.

Thanks, I appreciate your views and comments.

----- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT on 11/02/2000 02:06
PM -----

	Vicki Sharp@EES
	10/26/2000 10:26 AM

		 To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deborah
Culver, Sarah Gregory/LON/ECT@ECT
		 cc: Lauren Goldblatt/NY/ECT@ECT
		 Subject: Security and Human Rights

John, Rob and I have talked and   Rob would like you to take the lead on
this.  Deborah, I need you to work  with  John S. to see how our
international EES business (Europe, Mexico, etc.) might be   affected by this
and whether we take this position.  I am sure Rob and JOhn will  have the
history and expert opinion as to how this should be handled, and my guess is,
this issue primarily affects EECC at this time.  Maybe one of the Apache
lawyers can take the lead for the traditional EES business.   Rob will be in
next week and then going out of town and I will pick up for him then.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 10/26/2000 09:56
AM ---------------------------

Lauren Goldblatt@ECT
10/25/2000 05:44 PM
To: Rob.Walls@enron.com, Vicki.Sharp@enron.com
cc: Kelly.Kimberly@enron.net
Subject: Security and Human Rights

Rob and Vicki:

Over the past few months we have participated in an initiative aimed at
developing a voluntary set of guidelines governing human rights and security
arrangements.   I would greatly appreciate your thoughts, review, and sign
off on the guidelines.

Should we agree to endorse the principles, we must send a letter to the U.S.
State Department by November 8, 2000.     I have attached a fact sheet as
well as the revised principles for your review.

The principles and signatories will be announced by Madeline Albright and
Secretary Robin Cook in November.

Thank you for time and consideration on this.  Please do not hesitate to call
with any questions.  I can be reached either by cell phone (917) 821-0724 or
by  voicemail at 212-702-3916.

Best Regards,

Lauren

 - corp_resp__20_Sept_[2].doc


Letter to Carl Harris
__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com
 - Letter to Carl Harris.doc


Roxanne,

Thank you for calling last night. We took Michael out for dinner to celebrate
his first day at SF, and missed your call. Michael had a great first day.
All the kids drew portraits of him, and he got a big kick out of it.

I noticed on the class list that you live in Spring Valley.  We live on
Inverness Park Way, and used to live on Cedarspur a few years back.  It is
nice to know that Michael has a classmate in the neighborhood.

Again, thanks for calling.

Kay


Crude 24X7 WTI Marketing Effort

Trade Count:
 272 Trades
 13.2 Millions of Barrels
 13 Counterparties Transacting Today
 31 Counterparties Transacting to Date
 807 Millions of Barrels Traded YTD


HI Christie:

The telephone number in EB1938 is:  713/853-3135.  Have a safe trip.

Shirley

Christie Patrick
12/12/2000 10:36 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Follow-up Meeting on Wharton

Shirley,

Unless my flights change, I can call in from my cell phone--what number shall
I dial?

Thanks!

--Christie.


Shirley,

It will take a lot of effort to compile this list.

Please, remind me about it.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/17/2000
10:27 AM ---------------------------

Marie Hejka@ENRON
02/15/2000 01:49 PM
To: Habiba Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Monica
Talan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Johan
Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob Bradley/Corp/Enron@ENRON,
Margaret Carson/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT
cc: Karen Denne/Corp/Enron@ENRON, Ricardo Charvel/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, Elisabeth
McCabe/Corp/Enron@Enron
Subject: Document Identification

In an effort to identify intellectual capital for Enron's Knowledge
Management effort, we are establishing an inventory of documents (e.g. papers
published, speeches, magazine/journal subscriptions, professional
associations, etc.).  Please forward the types of documentation you have
which may be inventoried for other Enron employees' use.  If there are other
individuals like yourself with access to this type of information, please
forward their names to me.  I am available to discuss this effort at your
convenience.  My extension is 3 9698.
I look forward to hearing from you.

Sincerely,

Marie Hejka
Knowledge Management Forum


Sue is right, of course.  But....

Her argument turns in part on her assumption that going into the deal back in 1996, the utilities were agreeing to take on the risk of high wholesale prices.  Like most parties back then, they never contemplated a world where energy prices would exceed their capped average rate of $65 (+/-).  In other words, they assumed they would recoup most, if not all, of their stranded costs.  They may have even assumed (certainly they seem to be arguing for it now) that they DESERVED to recoup their stranded costs, and that AB 1890 was designed to guarantee it.

I do not know all of the details of the history, but y'all have spoken of a ruling (PUC? Court?) to address the specific issue of negative CTC, zero minimum bill, etc.  Obviously, this ruling was in our favor, which lends a lot of credibility to Sue's argument.  But the fact that the original dereg plan was so vague as to require a ruling on this issue ex post opens the door to a counterargument by the utilities, namely that at the time of AB 1890's passage, they were not explicitly agreeing to take on the risk of high wholesale prices -- they were instead forced to do so by later interpretations of the law.  If they had known then....

Please note that I do remember what side I am on. :)  I am not saying that this counterargument is correct.  Indeed, the negative CTC ruling is de facto evidence that they are wrong, even if they didn't know it going into the deal.  I only present all of this b/c I think it is the only halfway sensible argument they can make in the face of Sue's impeccable logic, and I think we ought to at least have given it some thought in case they try to bring it up.

> -----Original Message-----
> From: Mara, Susan
> Sent: Wednesday, October 31, 2001 12:36 PM
> To: Dasovich, Jeff; Steffes, James D.; Mellencamp, Lisa; Tribolet,
> Michael; Huddleson, Diann; Swain, Steve; Curry, Wanda;
> 'mday@gmssr.com'
> Subject: Sue's Retort to SCE's Premise
> Importance: High
>
>
> I don't agree Edison's premise -- that "direct access
> customers contributed just as much to SCE's procurement costs
> undercollection as bundled service customers." We need to
> make clear that we don't buy in to their rhetoric.
>
> Here's my reasoning.
>
> DA Customers are completely different from bundled customers.
> SCE had to buy power to serve the bundled load.  SCE did not
> buy power for DA customers.  SCE's purchases of the power to
> serve the bundled load coupled with high wholesale prices and
> an inability to raise rates was the direct reason for the
> undercollection. I can make the argument that the
> undercollection is SOLELY related to BUNDLED SERVICE.
>
> There are two big reasons that back me up: AB 1890 and
> Top-down rates.  I will explain.  The utilities got what they
> wanted out of AB 1890 -- payments of $30 plus billion in
> so-called stranded costs and a real delay in any competitive
> retail market until their costs were paid off.  One of the
> tradeoffs, however, was that the utilities were at risk FOR
> HIGH PRICES in the WHOLESALE MARKET.  Everyone understood
> that if there were high gas prices or bad hydro years, the
> utilities would be squeezed and not collect their billions by
> the 3/31/01 deadline. That's the risk they agreed to.  Now,
> they are claiming that they were ENTITLED to that money and
> more.  This is in direct conflict with the statute. I can
> make the argument that the statute requires SCE to assume
> this risk and therefore any undercollection is theirs alone
> -- now the CPUC can bail them out -- but that doesn't make
> ESPs subject to any presumed "undercollection."
>
> Now to the rates.  At the beginning of DA, the utilities did
> not want to do a real rate case and separate the costs of the
> wholesale business and the retail busness from T&D. So, they
> did a "top-down" calculation.  This meant that there had to
> be a "credit" put on the bills of DA customers to account for
> the costs the utility avoided by having the customers switch
> to DA. So, the PX Credit structure was a direct result of the
> utilities unwillingness to unbundle specific components of
> the rates.  Next, although bundled customers rates were
> capped, the decisions from the CPUC made it clear that there
> was no similar cap for DA customers -- their rates and bills
> would be whatever was charged by their ESPs.  However, when
> the utilities filed their tariffs with the CPUC, they added a
> cap for the PX credit that was neither proposed nor
> authorized by the Commission.  Enron attacked it, but got
> nowhere, until WPTF and Enron brought it up in the 1998 RAP
> Proceeding. Our argument was that the bundled rates were
> capped but not the bills of DA customers -- and the credit
> was supposed to represent the full costs the utilities
> avoided by not serving DA customers.  We argued that anything
> less is fundamentally unfair and anticomeptitive.  The
> utilities must have thought we had a good case, because they
> agreed to settle. The settlement was accepted by the
> Commission in the proceeding. Everyone understood that
> eliminating the cap on the PX Credit was primarily to allow
> the PX Credit to FLOAT ABOVE THE CAP when wholesale prices
> were high. So, we have a legal right to receive the full PX
> Credit/Negative CTC which is separate and distinct from any
> undercollection associated with bundled customers. It seems
> as if we should be able to prosecute this legal right.
> (keeping in mind I am not an attorney)
>
> In summary, we have leverage and should use it.
>
> Sue
>
>
> -----Original Message-----
> From: Dasovich, Jeff
> Sent: Wednesday, October 31, 2001 11:12 AM
> To: Mara, Susan; Steffes, James D.; Mellencamp, Lisa;
> Tribolet, Michael;
> Huddleson, Diann; Swain, Steve; Curry, Wanda; 'mday@gmssr.com'
> Subject: Proposal Edison Is Distributing to ESPs
>
>
> FYI.
>
> -----Original Message-----
> From: Matt.Pagano@sce.com [mailto:Matt.Pagano@sce.com]
> Sent: Wednesday, October 31, 2001 1:05 PM
> To: Dasovich, Jeff
> Subject: DA Credit
>
>
> Hi Jeff,
>
> Please find below SCE's proposal to settle past Direct Access
> Credit issues
> and determine the Direct Access Credit going forward. Please
> forward this
> to any other Enron participants to review prior to our
> conference call with
> John Fielder, November 1, 2001, 11:00 a.m. PST.
>
> (See attached file: DA Proposal.doc)
>
> Thanks.
>
> Matt Pagano
> Account Manager
> ESP Services Division
> tel-714-895-0222
> fax-714-895-0347
> Email-Paganomj@SCE.Com
>
>


Start Date: 2/5/02; HourAhead hour: 5;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020505.txt
!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS3'.
Table

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 2/5/02
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: ENRJ_CISO_3000
  ENGY_TYPE: FIRM


Attached is a Complaint filed by Reliant against the ISO on Wednesday.  There
are two files zipped together and they are in TIFF format.  Please let me
know if you have trouble opening the filed and I will fax it to you.

Nancy

 - reliant.zip


Sheila:  here's the email; I'll call Sharon now.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/13/2001 08:55 AM -----

	Sara Shackleton
	02/12/2001 05:53 PM

		 To: schernick@bear.com
		 cc:
		 Subject: Enron Corp ("ENE") guaranty of Enron North America Corp.

Sharon:

With respect to the ENE form of guaranty, we will agree to delete Paragraph 4
(setoff and counterclaims) in its entirety.  This is a major concession by
ENE.  Can you now agree to the remainder of the ENE guaranty format?  Please
let me know.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


9:30 AM works for me.  I will inform Hoang and Demetrics.

-----Original Message-----
From: Geaccone, Tracy [mailto:Tracy.Geaccone@ENRON.com]
Sent: Friday, November 02, 2001 10:32 AM
To: Fred Ali
Subject: RE: Project Update

I need to reschedule this afternoons call.  What about Monday morning
after 9:00?

-----Original Message-----
From: Fred Ali [mailto:FAli@Adaytum.com]
Sent: Thursday, November 01, 2001 5:36 PM
To: Geaccone, Tracy
Subject: Project Update

Hello Tracy,

I wanted to share some conversations that I've had with both Demetrics
and
Hoang this week related to the project.

On of the biggest issue seems to be with resources.  I know that you
guys
have been quite busy with your planning process but it has been very
difficult to get the required information or time from the resources
that
are committed to the project.  This is due to the fact that they
currently
have a heavy workload and cannot dedicate the time necessary for the
project.  It is having an impact on the timeline.  The home office model
could be a lot further along if some of the required information was
delivered as requested.  Also, I am also getting a sense that there is a
lack of ownership with regards to the Adaytum application.  It is
important
that the users have a comfort level with the application otherwise it
will
become very difficult to transition it when the project is over.

We need to think about who will administer the system once it is in full
production.  This individual should be identified and running the
administration duties as soon as possible.  My fear is that without
proper
ownership of the application and a dedicated administrator (at least in
the
short run), it will be very difficult to transition the roles.

We've had some technical issues with the production and development
environment.  Although these issues have been resolved, it has had an
impact
on the timeline.

There are times that the definition for the model is not clearly
articulated
and it has resulted in the redesign of the model.  Much time has been
spent
on gathering business process information from various people which has
caused a delay in the model development.

I hope that we can constructively talk through these issues tomorrow and
produce solutions that will rectify the situation, mitigate the risks,
and
result in a successful implementation.

Our call is scheduled for 1:30 tomorrow but I can be available earlier
if
you would like to discuss this.

Fred Ali
Implementation Manager - Southwest
fali@adaytum.com
817-366-0171

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


VP
ENA
Nat Gas Trading
3-3230

	Debbie Flores
	07/18/2000 09:01 AM

To: James Armstrong/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
cc:
Subject: FALL RECRUITING TEAM LISTINGS

I am needing to update the following information for Beth Miertschin's Fall
Recruiting team listings.

Please forward me the following:

Title
Company
Business Unit/Function
Extension
Location

Your response is greatly appreciated.

Debbie Flores
Recruiting Coordinator
Analyst Program


If you,d like to support friends or family that are affected by Alzheimer,s
disease, put on your walking shoes and join them at Memory Walk 2000 on
October 28.  The walk, sponsored by the Alzheimer,s Association/Houston and
Southeast Texas Chapter, will kick off at 8:00 a.m. at the AMC First Colony
24 Theaters in Sugar Land.  Walk proceeds will be used to support programs
and services for patients, families and caregivers in the Greater Houston
Area.  Proceeds also will be used to fund research for a cure to this tragic
disease.  Don't forget to double the impact we have on theAlzheimer,s
Association by making sure that Enron matches all contributions made by
employees!

If you,d like more information about the walk or would like to make a
donation, contact Diane Bazelides at X55209.


Joe:
I just wanted to run this past you...
John
---------------------- Forwarded by John Arnold/HOU/ECT on 09/27/2000 12:05
PM ---------------------------
To: John Arnold/HOU/ECT@ECT
cc: Joseph Deffner/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT
Subject: Re:

John:

I don't mind cleaning up their books at quarter end.  However,at year end I
will want to keep the debt off of my books.  As we approach year-end this
year could you please coordinate with Joe Deffner so that we take advantage
of the margin lines we have available in order to minimize the debt on our
books.

Thanks,

Ben

John Arnold
09/26/2000 07:12 PM
To: Ben F Glisan/HOU/ECT@ECT
cc:
Subject:

Ben:
Jeff Shankman gave me your name.  I have assumed Jeff's old responsibilities
as head of the natural gas derivatives trading group.  Our broker, EDF MAN,
supplies us with $50 million of margin financing every night.  They are
trying to clean up their books for end of quarter and/or year on Sep 30.
They have asked if we can post the $50 million overnight on the 30th.  We did
this last year as well.   Please advise,
John


Hesco is showing a price of $2.85 for tne 29 & 30

Daren J Farmer
11/15/2000 10:33 AM
To: Charlene Richmond/HOU/ECT@ECT
cc:
Subject: Re: Another HESCO Issue

Charlene,

We should not have scheduled any volume for the 29-30th.  No price was
negotiated that I can find. However, since gas did flow, I rolled the last
price on the deal to cover those days.  What price is Hesco showing?

D

Charlene Richmond
11/09/2000 01:37 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Another HESCO Issue

Daren would you look at the price for 29 and 30th of March 2000 .  There are
no prices for these days but volume was scheduled for these days.
Thanks
Charlene

Daren J Farmer
11/02/2000 02:59 PM
To: Charlene Richmond/HOU/ECT@ECT
cc:
Subject: Re: Another HESCO Issue

Charlene,

Deal #214948 already had volume and price for the 12th and 13th.  You may
need to have the volumes updated by Volume Management.

I added the 15th and 16th to the deal ticket.

D

Charlene Richmond
11/01/2000 04:02 PM
To: Daren J Farmer/HOU/ECT@ECT, Jennifer Martinez/HOU/ECT@ECT
cc: Kristen J Hanson/HOU/ECT@ECT, Nick Moshou/Corp/Enron@ENRON, Cynthia
Hakemack/HOU/ECT@ECT
Subject: Re: Another HESCO Issue

Help .   Steve Mauch at Hesco is wanting an answer ASAP
---------------------- Forwarded by Charlene Richmond/HOU/ECT on 11/01/2000
03:29 PM ---------------------------

Vance L Taylor
11/01/2000 02:45 PM
To: Charlene Richmond/HOU/ECT@ECT
cc: Julie Meyers/HOU/ECT@ECT
Subject: Re: Another HESCO Issue

Charlene,

This gas purchase is not a part of the wellhead portfolio but is being traded
on the Texas desk.  I would suggest you get with Darren Farmer or someone on
the desk.

Sorry I could not be of more assistance!

vlt
x3-6353

Charlene Richmond
11/01/2000 08:22 AM
To: Julie Meyers/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT
cc:
Subject: Another HESCO Issue

Meter 986725 for March 2000.   Per Hesco both traders are gone at (Hesco and
Enron)  and they (Hesco) were not paid  the correct price  in March on the
days mentioned below. Hesco cannot find where the price for these days were
recorded.  Per Hesco they  were underpaid by $32,101.57.  Hesco is wanting to
come to our office to have a meeting about clearing this up.  It will be nice
if we don't have to meet with them.

Production dates are             Volume                     price they are
looking for
03/12
2,029                            2.65
03/13
2,009                            2.65
03/15
2,022                            2.71
03/16
1,976                            2.72


Attached is The State Water Contractors and  The Metropolitan Water District of Southern California's  Response to the  California Independent System Operator First Data Request to 202(c)  Parties.

Daisy M. Matthews
Duncan, Weinberg, Genzer & Pembroke, P.C.
1615 M  Street, N.W.
Suite 800
Washington, D.C.  20036
202-467-6370
202-467-6379 (fax)dmm@dwgp.com

 - SWC - ISO-DOE-1.doc
 - covltrSWC - ISO-DOE-1.wpd


This will need to be signed by ABB today.  I would guess 3 originals.

Ben, I suggest we let Kathleen coordinate the assembly of the docs to be
signed.

Kay


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from Sweepsclub's e-mail list, please click the link below:
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Dear Evening MBA Students:

The Center for Financial Reporting and Management in the Haas School is hosting it Twelfth Annual Conference on Financial Reporting on Monday, November 5, 2001 at the San Francisco Marriott Hotel, 55 Fourth Street.

As a special offer to Evening MBA Program students, we are offering one seat to each student at the discounted price of $145 per seat.  This can be used by you or by a person in your firm whom you wish to designate.

A copy of the program is attached.  If you or an associate wish to attend, please register on-line at:  <http://www.haas.berkeley.edu/accounting/cfrm/registration.htm> .  When filling out the registration form, please write:  "EVENING PROGRAM" in the "additional registrants" space on the form.  I will contact you regarding payment.   If you prefer to pay by check, you may print the registration form and mail it or leave it in Dayna Haugh's mailbox in the student services building mailroom with a check.

If you have questions, feel free to contact me at 642-6334.  We hope you or one of your colleagues will be able to attend.

Dayna Haugh
Assistant Director
Center for Financial Reporting and Management
Haas School of Business
University of California
502D Faculty Building, #1900
Berkeley, CA  94720-1900

510-642-6334 (Phone)
510-643-7218 (Fax)
<http://www.haas.berkeley.edu/accounting/cfrm/cfrm.htm>://www.haas.berkeley.edu/accounting/cfrm/cfrm.

<http://www.haas.berkeley.edu/accounting/cfrm/cfrm.htm>


This may just be the eye of the storm, but the Fiesta Frenzy has settled down
to a less hectic pace. With all of the game tickets sold and (hopefully) all
of your travel plans made, there isn,t much left to do besides enjoy the
holidays.

If you still can,t think of anything other than the Fiesta Bowl, we do have a
couple of items for you to work into your schedule while you,re in Tempe.

One of the biggest events of the week is the Official OSU Pep Rally. This is
the largest OSU-only event planned in Arizona, and will feature comments by
Coach Erickson, Jonathon Smith and Ken Simonton, plus it,s FREE! The Pep
Rally will be held at 4 p.m. on Sunday, December 31, at the Wells Fargo Arena
on the Arizona State University campus. For more details, take a look at the
Pep Rally web page: http://alumni.orst.edu/pep_rally.html

After the rally is over, it,s just a short walk to the Tempe Tostitos Fiesta
Bowl Block Party, one of the biggest New Year,s Eve celebrations in the
nation. More than 100,000 people annually ring in the New Year at this
electrifying event that has been called one of the top places to spend New
Year's Eve by USA Today. Tickets are $15 and are available now through the
OSU Alumni Association. Call 541-737-2351.

On Friday, December 29, and Saturday, December 30, the OSU Alumni Association
has organized two Beaver Believer Socials in Tempe. On Friday night from 6 to
9 p.m. we,ll be at McDuffy,s Sports Bar, located in downtown Tempe at 230
West 5th Street, one block west of Mill Avenue. The event is open to anyone
21 and over, and if you show your OSU Alumni Association membership card, the
$5 cover charge will be waived.

On Saturday night, we,ll be at Club Rio, located at 430 N. Scottsdale Rd, one
block south of the 202 Loop in Tempe. Club Rio is an official Beaver "hub" in
the heart of downtown Tempe and will accommodate around 2,000 Beaver fans who
want to show their Beaver spirit. Join the band, cheerleaders and Benny
Beaver at this high-energy event! The $5 cover charge is waived to all fans
who wear Beaver gear or say 'Go Beavers' between 7-9 p.m. Must be 21 years of
age or older.

Other events include:
Beaver Sports Talk with Dennis Erickson live from the Scottsdale Plaza Resort
on Saturday, December 30; an Alumni Clubs and Communities Interest Session at
the Tempe Mission Palms hotel on Sunday, December 31; and a College of
Engineering gathering at ASU,s Karsten Golf Course also on Sunday. For
details on these events, and a full list of bowl game activities, check out
the calendar of events at: http://alumni.orst.edu/bowlgame_events.html

Congratulations to Julie L. from Rio Del Mar, California, our Orange and
Black Club winner of two tickets to the Tostitos Fiesta Bowl and two tickets
to the Tempe Tostitos Fiesta Bowl Block Party!  Julie recently joined the OSU
Alumni Association's Orange and Black Club, which made her eligible for this
drawing.  For more information on membership to the OSU Alumni Association,
call membership services at 866-416-8454 or check out our web page at
http://alumni.orst.edu/osuaa.html.
---
You are currently subscribed to bowlgame as: mark.guzman@enron.com
To unsubscribe send a blank email to
leave-bowlgame-1408860L@pluto.sparklist.com


Mike,
This is the email from Bryce, who is the Manager of physical gas
settlements.  Attached is my summary for the West.
DG

---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/28/2001
02:24 PM ---------------------------

	From:  Bryce Baxter                           02/28/2001 02:02 PM

To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Re: Penalty Charges

Here's what we have so far...  I thought Lisa copied you also - sorry for the
delay.
---------------------- Forwarded by Bryce Baxter/HOU/ECT on 02/28/2001 02:02
PM ---------------------------

Lisa Valderrama
02/23/2001 02:43 PM
To: Bryce Baxter/HOU/ECT@ECT
cc:
Subject: Re: Penalty Charges

TransCanada Gas Services, a Div of , Sitara deal 490242(West), Penalty amount
$  81,724.37.  (Shielah Castro)
Kaztex Energy Marketing, Sitara deal 545505 and 393061(Central), Penalty
amount $1,366.56 (Michael Mousteikoz)
SouthWest Gas Corportation,   See Below for details (West),  (Laurie Ellis).
National Fuel Marketing, Sitara deal 504567 (West), Penalty amount $ 15234.12
(Darla Saucier)
Altrade , Sitara deal 495599 (Texas), Penalty amount per Customer is
$27,900.00  (Genaro Mendoza)

Linda is pulling together some information for her penalties.

These penalties are for Dec production only.

---------------------- Forwarded by Lisa Valderrama/HOU/ECT on 02/23/2001
01:32 PM ---------------------------

Laurie Ellis@ENRON
02/23/2001 09:59 AM
To: Lisa Valderrama/HOU/ECT@ECT
cc:
Subject: Re: Penalty Charges

All penalties below were netted in payments we received from Southwest Gas
Corporation.

Laurie

Lisa Valderrama@ECT
02/23/2001 09:10 AM
To: Isabel Y Resendez/HOU/ECT@ECT, Pam B Boxx/HOU/ECT@ECT, Willie
Stewart/HOU/ECT@ECT, Linda J Ewing/HOU/ECT@ECT, Tricia Truong/HOU/ECT@ECT,
David W Eubanks/HOU/ECT@ECT, Shielah Castro/Corp/Enron@Enron, Mary
Ellenberger/Corp/Enron@ENRON, Laurie Ellis/NA/Enron@Enron, Genaro
Mendoza/NA/Enron@Enron, Charles Jacobs/NA/Enron@Enron, Valerie
Curtis/NA/Enron@Enron, Darla Saucier/NA/Enron@Enron, Scott
Dozier/NA/Enron@Enron, Michael Mousteiko/NA/Enron@Enron, Priscilla
Hamic/NA/Enron@Enron, Pamela Chism/NA/Enron@ENRON, Mary Alba/NA/Enron@Enron,
Janine Cashin/NA/Enron@Enron, Jane S Saladino/HOU/ECT@ECT, Wade R
Price/HOU/ECT@ECT, Max Doner/HOU/ECT@ECT, LaShanda Poledore/Corp/Enron@ENRON,
Doug Nelson/NA/Enron@ENRON
cc: Bryce Baxter/HOU/ECT@ECT

Subject: Penalty Charges

I need to know what counterparties invoiced ENA for Penalties ,or netted them
in a payment we received for December production. I will need the amount of
the Penalty , the Counterparty , and the deal that the penalty is related to .

Unfortunately I need this information before you leave today.

Let me know if you any questions

Lisa
3-7134


Teco Tap  30.000 / Enron ; 61.667 / HPL Gas Daily


Will do.

-----Original Message-----
From: CPTDOUGIE@aol.com [mailto:CPTDOUGIE@aol.com]
Sent: Sunday, January 20, 2002 3:53 PM
To: Bailey, Susan
Subject: Re: Schwab Mailings

In a message dated 1/18/02 4:47:10 PM Eastern Standard Time, Susan.Bailey@ENRON.com writes:

Do you want me to make a new request????

I WOULD WAIT A WEEK OR SO AND SEE IF THEY MAIL THEM.
WHEN I MADE THE DEPOSIT..... THE FELLOW SAID HE WAS MAILING THE DEPOSITS SLIPS TO YOUR HOUSTON ADDRESS......SO I KNOW HE WAS MAKING A REQUEST.
LEONARD


Taffy:
Thanks.  Which person are we interviewing on each day?
Carol


Dan Walters: Politicians seek shelter as energy Armageddon looms

(Published April 4, 2001)
There's been a subtle but unmistakable shift in the political atmosphere that
envelops California's energy crisis.
Politicians have concluded that the crisis is largely beyond their control
and the die is more or less cast. Whatever fate decrees - massive summer
blackouts, soaring utility bills or even the bankruptcy of the state's
utilities - will happen, and politicians from Gov. Gray Davis downward are
scrambling to insulate themselves from voters' anger and single out rivals
for blame.
No one is saying that publicly, of course, but the fatalistic mood is very
apparent in the Capitol, whose denizens have dropped their preoccupation with
energy and moved to other matters. Legislative committees are working on the
hundreds of bills that had been stalled for three months while the special
committees that had been holding almost daily sessions on the energy crisis
have gone into semihibernation.
Last weekend's Democratic state convention in Anaheim was dominated by fears
that when the crisis hits home, the party's dominance of the Capitol will
backfire. "Just remember Jimmy Carter," state Controller Kathleen Connell
warned fellow Democrats, adding that they will have "no excuses" for
perceived failure to deal with the crisis forthrightly. "We will be
accountable on Election Day 2002," she said.
Next year's elections are very much on Davis' mind, since he'll be seeking a
second term and polls indicate that his approval ratings have declined
sharply in recent weeks. He devoted much of the weekend to defending his
actions, saying, "I believe we've moved at warp speed to address this
problem," and trying to pin blame on Republicans.
Republicans, meanwhile, sense that the crisis gives them an avenue of escape
from the dungeon of irrelevancy to which they had been exiled by heavy losses
in the last three elections. The only remaining statewide GOP officeholder,
Secretary of State Bill Jones, is running for governor by accusing Davis of
mismanagement, and Republican Assembly members dumped their leader, Bill
Campbell, on grounds that he had been insufficiently aggressive vis-a-vis
Davis.
The political positioning reflects the reality that the crisis shows every
sign of worsening. Although Davis' office is distributing a brochure entitled
"Meeting the Energy Challenge" to defend the governor's actions, it's
apparent that none of the steps the governor has taken is bearing much fruit.
The state is spending at least $50 million a day on emergency power
purchases, but what was supposed to be a short-term program has evolved into
a monthslong drain on the state's rapidly shrinking budget reserves. The
long-term supply contracts that were supposed to replace daily spot purchases
have bogged down, and without firm contracts and a revenue stream to pay for
them, Wall Street is reluctant to market the bonds the state wants to float.
Many authorities now believe Davis' decision to step into the power purchase
market in January was a strategic error because it gave power suppliers a
deep new pocket to tap just as the utilities themselves ran out of credit.
Davis, meanwhile, is refusing to embrace a rate increase approved by the
state Public Utilities Commission, which sends a mixed message to Wall
Street, and efforts to resolve problems with unpaid bills from power
generators and have the state acquire the utilities' intercity transmission
grid have stalled, perhaps permanently.
The crisis may careen totally out of control as summer arrives, raising the
specter of elderly and/or ill Californians dying from having their air
conditioners or medical equipment shut down. And the utilities are closer to
bankruptcy now than at any other point in the nearly yearlong crisis.
Plan A isn't working, and there is no Plan B - except for bankruptcy. With
Armageddon looming, politicians have retreated into the bunker, hoping to
protect themselves from what could be a firestorm of anger.
The Bee's Dan Walters can be reached at (916) 321-1195 or dwalters@sacbee.com
.


Mark,

Here are some descriptions which will be helpful on the Determination Period
issue which London Global Products have.

Thanks,

Dave


Thanks Jon!

-----Original Message-----
From: Mckay, Jonathan
Sent: Tuesday, July 17, 2001 11:24 AM
To: Frers, Greg
Subject: RE: pricing

Soccerdome                        Telus

1 year        4.43                    4.46

2 year        4.58                    4.60

3 year        4.62                   4.635

Sorry it took so long.

Jon

-----Original Message-----
From: Frers, Greg
Sent: Tuesday, July 17, 2001 7:59 AM
To: Mckay, Jonathan
Subject: pricing

Jon,

Good talking with you this morning.  I have a few clients that would like to contract at the 5.00 level.  Could you price 123 year contracts out of September 01 for me.  Thanks

Gregory Frers
Enron Direct
Sales Manager
Suite 950, Encor Place
645 - 7th. Avenue SW
Calgary, Alberta
T2P 4G8
Ph. : 403-663-2805
Fax : 403-663-2899
Greg.Frers@enron.com <mailto:Greg.Frers@enron.com>


No

 -----Original Message-----
From:  Bharati, Rakesh
Sent: Thursday, March 15, 2001 4:42 PM
To: Port, David
Cc: Kaminski, Vince
Subject: Raptors

Hi David,

I would like to check with you just to be on the safe side.  I left our last
meeting with the impression that only Naveen and I would be working together
on the Raptors.  However, I heard from Naveen earlier today and he wanted to
include Thomas (Mark, I presume) in the meeting as well.  I would like to
ensure if that is indeed your intention.  Please advise.  Thanks.

Rakesh


I'd like to leave out mention of our equity participation in the first and
third paragraphs, and reword the second paragraph to state that envera's
customers will have access to enron's products.  (leave out the qualifier
"many"  which I read as "partial")

	Habiba Bayi@ENRON_DEVELOPMENT
	02/09/2001 11:24 AM

		 To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
		 cc:
		 Subject: Envera Press Release For Your Approval

Attached for your review and approval is the press release that Envera wishes
to issue immediately announcing the participation of Enron Global Markets as
an equity partner and trading member.  We already have sent it to John Nowlan
and John Viverito and secured their approval.  Please let me know your
comments.

Thank you.
Habiba


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/16/99
08:13 AM ---------------------------

"Edna OConnell" <esai@ma.ultranet.com> on 12/14/99 10:52:02 AM
Please respond to esai@ma.ultranet.com
To: ednao@esaibos.com
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Sneak Preview

Edna O'Connell
Office Manager
ESAI
301 Edgewater Place, Suite 108
Wakefield, MA 01880
(781) 245-2036
(781) 245-8706
ednao@esaibos.com

 - sneakpreview.PDF


Daren:

During the period of 1/1/2000 to 1/4/2000, the above meter has recorded flow
on the following days with no deals attached:

 Days     Mmbtus

 1/1/00          3,737
 1/2/00          3,713
 1/3/00          3,730
 1/4/00             800

        11,980

Deal #120891 was at that meter during 12/99 production month, but it expired
on 12/31/99.  Currently, these volumes are being booked under the HPL
Strangers Gas Contract.  Logistics needs either (1)  have Deal #120891
extended, (2) new deal, or (3) approval to writeoff these volumes to
Unaccounted for Gas.  (Please print, sign, and return original to Clem
Cernosek).

 __________________________________________________________
 Deal/Deal Ticket#/Customer (Seller/Buyer)

    OR

 ______________________________________________________
 Approval to Writeoff the volumes to Unaccounted for Gas Loss

Thanks, Clem


Hello, Everyone -

This Notice (sent to you by blind copy to save trees) confirms our Regional
Representatives Group (RRG) meeting for this coming Friday, May 4, at the
Sheraton Portland Airport Hotel in Mt. Hood Room C.  Unfortunately, we
weren't able to reserve two Mt. Hood rooms, so it may be a little cramped.
The meeting will start at 8:30 a.m. and end by 12:00 p.m.

As most of you know by now, FERC issued its order on RTO West last Thursday,
October 26.  In case you have not located the order, you can find it by
clicking on the following RTO West website address that will take you to the
order. At the RTO West web page, click on "Link to Documents Submitted to
FERC..." and at the next page click on "FERC Order issued April 26, 2001 in
RTO West...."

www.rtowest.org

The first part of the meeting will be devoted to a discussion of the order
and answering questions.  Mike Coleman from FERC will attend the meeting and
will be pleased to provide his understanding of the meaning of various parts
of the order.

Our working agenda is:

1. Discussion of FERC Order on RTO West

2. Congestion Management Model - Description of Alternatives

3. Stage 2 FERC filing schedule

4. Interregional Coordination

We look forward to seeing you all this Friday.

Warm regards,

- Bud


Please find attached the PIP master list and the first set of PIP documents
for your review prior to the RUG meeting. As requested, the PIP master list
identifies items which are believe to require input and/or vote from RUG.

The PIP items that I currently have as requiring as RUG vote (based on the
notes) are as follows:

108 --sub QSE (payment process, invoicing, and liability) --proposal by C.
Moseley
200 and 104 --LSE/QSE Load Ration (at the QSE or LSE level) --proposal by B.
Jones
146 --Notifications vs. posting of Loss Factors
187 --TX SET Concurrent Processing approach --proposal by B. White
204 --EPS Meter Data Transmittal --proposal by J. Cohea

PIP item 112 (BUL) will be delivered tomorrow, as there is still some
follow-up regarding the formula.  When it is completed, it will be sent out
to this exploder.

If there is a PIP item missing from this grouping, please check the master
list, as it may have been resolved or merged with another item during the
PIP process.

Best regards,
Vikki Gates
Structure Consulting Group
vikki.gates@scgo.com
cell: 512.350.4020
@ERCOT: 512.248.3884

 - PIP100_130.zip
 - PIP_Master_List.xls


Thanks for handling this Tana!  Much appreciated.

From: Tana Jones on 08/08/2000 12:08 PM
To: Tracy Ngo/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron
cc:

Subject: Merchant Energy Group of the Americas

The Assignment and Amendment to the Assignment was faxed to Vangie McGilloway
and the orginals are being fedexed to her tonight.  A copy is being sent to
Tracy.


Becky - please take Mark Haedicke off of the distribution list for this
meeting.

	Becky Spencer
	02/27/2001 09:15 AM

		 To: Mark E Haedicke/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Dan J
Hyvl/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Rick Hopkinson/Enron@EnronXGate, Lynn
Aven/Enron@EnronXGate
		 cc:
		 Subject: Meeting Reminder

The South American Legal Team meeting will take place:

Thursday, March 1st
2:30 p.m. - 3:30 p.m. (Houston time)
EB38c1


Summary of the activities since Friday:

Overall, it's 50-50 or better that the Legislature will finish up the budget
and recess until August 20th, without having passed some form of an "Edison
MOU." Will have a better view of the chances of getting an MOU agreed to and
passed through both houses by COB Monday.

In the Senate:
The "Edison MOU":
As previously reported, on Friday, SB 78---the Senate's version of the Edison
MOU--passed out of the full Senate and was sent to the full Senate.
The bill sticks 100% of suppliers' debts with Edison's shareholders but pays
QFs and other creditors.
The authors believe that suppliers can't force Edison into bankruptcy because
the claims are with the PX, not Edison, which in their view means that the
suppliers can't reach Edison.  Our lawyers need to assess whether the tactic
is strong from a legal perspective.
The bill creates an option to buy the transmission system, but rejects the
Goernor's MOU, which buys it outright.
Though there's some uncertainty, the bill appears to end Direct Access.
Information we have indicates that the Assembly does not support and will not
pass SB 78 in its current form.
Enron (and the marjority of market participants) opposes 78.

The "Dunn Investigation":
Dunn released his report regarding contempt charges against Enron on Saturday.
The report recommends that the Senate fine us, beginning with $1,000 the
first day, and doubling everyday thereafter until Enron "complies."
Dunn announced on Saturday that he would attempt to bring the report to the
full Senate for a vote on Saturday.
In response, our lobbyist in Sacramento spoke to a leader of the Republican
party in the Senate (Ross Johnson), and persuaded Johson to negotiate the
date of the vote with Burton and Dunn.
She was successful---Johnson went to Burton and got him and Dunn to agree not
to vote on the report until the Senate returned from its recess on August
20th.
If the Senate returns early, it could vote prior to the 20th, but the
likelihood of that happening appears low at this time.

The budget:
The Senate passed the budget at about 1 AM Sunday morning.
The Senate adjourned for recess after the vote and is not expected to return
until August 20th.
That leaves the Assembly alone in Sacramento to do its part regarding the
budget and the Edison MOU.

The Assembly
In short, leadership within the Assembly is extremely weak and without much
influence over its own party--the Democrats.
The Speaker is viewed as having botched both the budget and the energy issue.
Unable to do a deal, the Assembly recessed Saturday night and has not
reconvened.
It has therefore not taken the votes needed to finish up with the budget.
The Assembly also has not passed its version of an Edison MOU, which it says
it intends to do.
Best information we have right now is that the Assembly does not plan to go
back into session until Tuesday morning.
Late Saturday night, the Assembly Speaker released yet another version of his
Edison MOU (AB 82XX), but it does not appear at this time that he has enough
votes among Assembly Democrats to pass it.
Enron--together with business customers--opposes the version of 82XX released
on Saturday night because it does not adequately ensure Direct Access.

Best,
Jeff


Susan:
Could you please when you return on Monday circulate a list of issues that we
need to discuss regarding the forms?  Susan Flynn was keeping track of some
of those issues after you left.   I would like to try to get those issues
addressed next week with the people that we need to talk to so that we can
turn a draft of the ISDA Schedules, so please make this a priority.  Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


Start Date: 1/19/02; HourAhead hour: 20;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011920.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
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Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


Start Date: 4/26/01; HourAhead hour: 13;  HourAhead schedule download failed.
Manual intervention required.


Daren,
I get a Labor Distribution report and show that Kenneth Seaman is showing as
being active for payperiod 1 and 2 in February.  If he was not here for this
time period please verify that you are not being charged any payroll dollars
for him.
Lisa


Here are five articles pertaining to Enron and the offer we made in San
Diego. I am looking for others.

Karen Denne remarks in the San Diego Union Tribune that Enron has offered
fixed price contracts and that Enron customers have not been effected by this
price spike. July 25, 2000

The article below states that Enron has put an offer for energy at 5.5
cents/KWh on the table, and others are
expected to provide a variety of possible deals. July 16, 2000 San Diego
Union Tribune (SDUT)

Enron has already made one offer, but the
price is too high and the terms are too long. July 11, 2000 SDUT

The local utility, a unit of Sempra Energy, denied reports yesterday that it
would soon reach an agreement with Enron Corp. on a deal that would lock
in power rates for years for a large segment of its customer base... The
initial offer from Enron was to provide power for four years at 5.5
cents per kilowatt, according to Peace, who emphasized he hoped SDG&E would
receive competing bids from other companies.
Hoge said Enron's track record and the nature of long-term power contracts
made her skeptical that such a deal could save San Diego money.
"With fixed contracts, you always end up paying more than you should on the
other end," she said. "And Enron always has a way to make these contracts
work for them." July 11, 2000 SDUT

Concerning Enron ..."This is no better than a boiler fraud on the people,"
said Harvey
Rosenfield, who unsuccessfully pressed a ballot initiative to overturn
deregulation. "They jack up rates over 200 percent -- then they offer you a
deal at a 50 percent hike.

"I don't think the solution to this problem is to put the people of San
Diego at the mercy of Enron."

Enron is offering to sell San Diego power for four years at 5.5 cents per
kilowatt hour,
according to Peace. The price would be about 50 percent less than current
costs, but more than 50 percent above rates paid as recently as this
spring.


(See attached file: HPLN0316.xls)

 - HPLN0316.xls


You have the original file there.  I should be able to send you a
blackline by the end of tomorrow.  Will that be soon enough?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Monday, December 04, 2000 1:49 PM
To: Peters, Jason
Subject: RE: Morgan Stanley Capital Services, Inc.

Do  you have the original file or do we have it here?  Enron Corp. wants
to
have this in place for equity trading.  I can look at it quickly and
perhaps shorten the response time.

                    "Peters,

                    Jason"               To:
<Sara.Shackleton@enron.com>
                    <jasonpeters@        cc:

                    akllp.com>           Subject:     RE: Morgan Stanley
Capital Services, Inc.

                    12/04/2000

                    12:26 PM

I am working through revisions (based on the fact that Enron Corp. is
the party instead of ENA and the fact that there is no CSA).  Is this a
high priority?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Monday, December 04, 2000 11:49 AM
To: Peters, Jason
Subject: Morgan Stanley Capital Services, Inc.

Jason:  Where do we stand with respect to this party?  Sara


Hey Joe.

Enron is a great company.  I need you working hard for me!  Our interests
are aligned.

Have a good trip to Fla.  I hope your boy is doing well.

It is the same here.  Everyone looking out for themselves.  (and the copier
still breaks down making the morning packet.)

Cliff wants to know if you can make it to the bowling the first weekend in
Dec.

Tim

-----Original Message-----
From: Stepenovitch, Joe [mailto:Joe.Stepenovitch@ENRON.com]
Sent: Wednesday, October 31, 2001 11:22 AM
To: thanna@sempratrading.com
Subject: Hello

Good Morning Tim,

Well, I guess you and Bill were right!  About Enron...

You should see this place everyone is so down.  What do you think about
our situation?  I'm not sure what to make of it.  People are starting to
leave.

Anyway, I'm going home again tomorrow.  This going home every two weeks
is starting to take its toll but I have to do it.  We are not getting
along so it makes this worse.
Well I hope thinks are going good for you.  Please tell everyone I said
hello.

-Joe Step

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

**********************************************************************
This e-mail contains privileged attorney-client communications and/or confidential information, and is only for the use by the intended recipient. Receipt by an unintended recipient does not constitute a waiver of any applicable privilege."

Reading, disclosure, discussion, dissemination, distribution or copying of this information by anyone other than the intended recipient or his or her employees or agents is strictly prohibited.  If you have received this communication in error, please immediately notify us and delete the original material from your computer."

Sempra Energy Trading Corp. (SET) is not the same company as SDG&E or SoCalGas, the utilities owned by SET's parent company.  SET is not regulated by the California Public Utilities Commission and you do not have to buy SET's products and services to continue to receive quality regulated service from the utilities."
**********************************************************************


Steve,

Thanx.

Vince


Hi Heather, Jeff and Ozzie,

The only issue I have with the testimony is the statement that the units are
"extremely quiet".  At this point FCE will only guaranty 60dba, which some
folks might not consider to be extremely quiet depending on how close a
facility is to their house.  You may have determined that the noise level
will be some number less than 60 dba so that the guaranty level does not
reflect the expected noise level.

Kay


----- Forwarded by Jeff Dasovich/NA/Enron on 12/21/2000 10:04 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/20/2000 08:16 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Wanda Curry/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, Scott Stoness/HOU/EES@EES,
Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON,
Sarah Novosel/Corp/Enron@ENRON, Mona L Petrochko/NA/Enron@Enron, Jennifer
Rudolph/HOU/EES@EES, Eric Letke/DUB/EES@EES
		 cc: Joseph Alamo/NA/Enron@Enron, Lysa Akin/PDX/ECT@ECT
		 Subject: Call to Discuss California PUC Action

We will set up a call-in number to relay to folks any actions the Commission
takes tomorrow.  The Commission meeting starts at 10 AM PST, but it's unclear
when they will take up our issue.  Since the press will likely have the place
surrounded, they may decide to do that item first.  We'll send out a notice
with a call-in # and time as soon as we have the information.

Best,
Jeff


Michael,

It's a cottage industry and nobody can read all that's
published.  The Journal of Derivatives and
the Journal of Finance are two primary publications I would recommend.

Vince

From: Michael SCHILMOELLER/ENRON@Gateway on 05/30/2000 06:05 PM
To: Grant Masson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT,
wiz.ixgate.Vkamins@wiz.ixgate.Vkamins@GWISE@Gateway
cc:
Subject: Fwd: Journal Subscription

Hi Grant and Vince,

What do you think of the Journal of Derivatives?  Would you recommend a
subscription?  If not, which publication would you suggest?

Thanks,
Michael

-----Original Message-----
Date:  05/30/2000  01:38 pm  (Tuesday)
From:  Jay Tinker
To:  Marlene Huntsinger;  MIKE NIMAN;  William Valach
CC:  Patrick Hager
Subject:  Journal Subscription

I recently received a brochure for the Journal of Derivatives.  This
quarterly publication is put out by Institutional Investor, Inc. and the
International Association of Financial Engineers.  It claims to provide the
latest in both theory and application of derivative instruments.  PGE does
not currently subscribe to this publication.  Do you think that your
respective departments could benefit from the subscription?  The cost is
$200/yr. and would be split by the number of departments (if any) interested.

Let Patrick or myself know if you are interested.

Thanks
Jay T.


Ken Lay wrote:

Mr. Bryce:

I have no suggestions at this time.

Ken Lay

Toby Bryce <bryce@juno.com> on 03/30/2001 02:37:23 PM
To: bryce@juno.com
cc: kenneth.lay@enron.com
Subject: Re: Board opportunity

Mr. Lay,
?
Your assistant contacted me a couple weeks back with the message that the
attached was not an opportunity you could consider at this time.? Thanks
very much, though, for taking a look at it.
?
I have one follow-up question for you -- could you recommend another Enron
executive that might be a candidate for such an opportunity??
?
To help you answer the question, the company is Juno Online?Services,
Inc.?(NASDAQ: JWEB), a leading US ISP.? Juno is very interested in  working
with (and in advanced-stage discussions with) companies in the energy
industry and working with them on strategic telecommunications and marketing
partnerships.
?
Information about Juno is available at "About Juno" on Juno's Web site
http://www.juno.com.? I've also attached an  executive summary to update you
(or the relevant person at Enron) as to the  current status of Juno's
business.
?
Thanks very much for your assistance, and I hope that this message finds  you
well.
?
Best,
?
Toby
?
Executive Overview of?Juno --

The company finished 4Q00 w/ $56MM in cash.? Total net loss for 2001  was
projected to be $10-$25MM, as the company focuses on billable services,
continues to reduce expenses, and looks to develop advertising and other
ancillary revenue streams.? The company is confident that it can meet
or?beat the loss target and made explicit statements that on-hand cash
resources are "more than adequate" to get the business profitable.? The
company has not publicly given a time-line for profitability to maintain
flexibility.
The company controls one of the largest dialup subscriber audiences (4MM
active subscribers as of 4Q00, 850K of whom are billable) on the Internet
today and is the 4th largest US ISP (after AOL, ELNK, and MSN).
2000 revenue came in at $114MM, 65% of which was derived from subscription
fees and 35% from advertising.? 2001 revenues are expected to come in
between $100MM-$120MM, with the revenue mix moving toward 80% subscription
and  20% advertising due to increased focus on billable services and the
soft  Internet advertising markets.
Juno has announced broadband agreements for its Juno Express product
covering all mainstream broadband transport platforms -- AT&T Broadband,
Time Warner Cable, and Comcast (cable); Covad (DSL); Hughes (satellite); and
Metricom (wireless).
The company has announced wireless distribution agreements for it's Juno
Mobile product with Palm and Sprint PCS.? Other agreements are likely to  be
forthcoming.
The company has powerful propietary technology assets that give it a
competitive advantage.? The company has launched (internally but not
publicly) a new business unit -- Juno Solutions -- to investigate the
opportunity to license these technology assets to third parties both
domestically and internationally.?
The Juno Virtual Supercomputer Project represents another example of  Juno's
efforts to develop ancillary revenue streams.? This distributed  computing
initiative aims to leverage unused computer processing power from  Juno's MMs
of subscribers, aggregating it for sale to biotech, pharmaceutical,  and
computational chemistry firms.?
http://www.juno.com/corp/news/supercomputer.html

=============
Toby  Bryce
(347) 200-0882
bryce@juno.com
=============
?
On Wed, 14 Mar 2001 16:52:52 -0500 Toby Bryce <bryce@juno.com> writes:
> Mr.  Lay,
>
> I am contacting you (per instructions of Rosalee) with a  director
> opportunity with a NASDAQ-listed Internet media firm.?  The NYC-based
> firm had $114MM in revenue in calendar 2000 and made  strong
> statements with its most recent (4Q00) earnings statements that
> management believes that on-hand cash resources are "more than
>  adequate" to get the business profitable.? The company is
>  well-positioned to both survive and profit from the current
> difficult  market and as such could make for an interesting
> opportunity for  you.
>
> I am working on this recruiting project as an independent  consultant
> for the company and would be happy to tell you more  specifically
> about the opportunity should you be interested in  concept.? You can
> reach me via e-mail at this address (bryce@juno.com) or
> telephonically at  (347) 200-0882.?
>
> I hope that this message finds you well,  and I look forward to
> hearing from you at your convenience.
>
> Best,
>
> Toby
>
> =============
> Toby  Bryce
> (347) 200-0882
> bryce@juno.com???
?


FYI,
Please book all future GD priced tiered deals as two deals in sitara.  The
reason for this is eventhough we put a swap on the deal for the volume that
should be at index, the swap looks at the volume as a monthly volume as
opposed to a daily and gives the monthly volume to the desk at mid.  What
typically happens is the total volume for the first half of the month comes
to the desk entirely at mid.  This is causing some substantial OA variances.
If you have any questions, please let me know.  Thanks.


Start Date: 12/17/01; HourAhead hour: 13;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121713.txt


Please prepare and overnight the attached amendment regarding this customer.

thanks
brant


Sorry, I forgot the attachment.


http://www.kottke.org/plus/misc/alanis.html

5th verse down

Beth Cherry
___________
Sr. Creative Consultant
EnFORM Technology
713.350.1860


I know you wouldn't forget, but Ms. Bills will need to be advised.

See you tomorrow.

Kay


Start Date: 4/22/01; HourAhead hour: 1;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042201.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 1 / Preferred:   5.33 / Final:   5.30)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  SC_ID: EPMI


In case you were wondering...

----- Forwarded by Tana Jones/HOU/ECT on 07/05/2000 03:57 PM -----

	Karen Lambert
	07/05/2000 03:36 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Karen Lambert/HOU/ECT is out of the office.

I will be out of the office from 07/01/2000 until 07/10/2000.

If fthe request is urgent please contact Stacey Richardson.  Otherwise, I
will respond to your note on Monday when I return.


Tony Pryor (GPG legal) asked if we have any credentials/tickets left for die
hard democrats in the company.  I know Tony will understand if they are
already spoken for, but if we have some left that would go unused, we have a
volunteer.

How's it going?  Are you partied out yet?


What do you have going on tonight?  We have a work happy hour at El Tiempo
tonight after work if you want to stop by.
...in answer to your previous question, i unfortunately cannot persue my
dreams of skid row and loose women - my guitar is acoustic, but i try.
it's much harder than it looks!

To:   IMCEANOTES-jennifer+2Esanders/40us/2Eandersen/2Ecom/40ENRON@enron.com
cc:     (bcc: Jennifer D. Sanders)
Date: 08/14/2001 11:16 AM
From: Gerald.Nemec@enron.com
Subject:  RE: Hello!

You'll like.  It is fun once you get past some of the boring basics.  I
have been playing about 2 years.  I don't practice as much as I should,
however if I turn my amp up loud enough, the noise will cover all my
mistakes.  What type of music do you want to play?  Let me guess, Heavy
Metal!

    -----Original Message-----
   From:   jennifer.d.sanders@us.andersen.com@ENRON

[mailto:IMCEANOTES-jennifer+2Ed+2Esanders+40us+2Eandersen+2Ecom+40ENRON@ENRON.com]

   Sent:   Monday, August 13, 2001 4:54 PM
   To:     Nemec, Gerald
   Subject:  RE: Hello!

   Sounds cool.  My mom gave me her guitar a few months ago so I bought a
   fingering chart book (if that's what it's called - i don't know)
   yesterday.
   Learning guitar - This is my new project.  How long have you been
   playing?

   To:
   IMCEANOTES-jennifer+2Esanders/40us/2Eandersen/2Ecom/40ENRON@enron.com
   cc:     (bcc: Jennifer D. Sanders)
   Date: 08/13/2001 03:58 PM
   From: Gerald.Nemec@enron.com
   Subject:  RE: Hello!

   Nothing real exciting.  After Thursday, I was a little burnt so I stayed
   home on Friday.  Saturday I just went over to a friends house.  He plays
   the drums and I play a little guitar so we had a jam session (or at
   least
   we jammed as much as two corporate attorneys could).  Sunday I went
   furniture shopping and purchased a couch for my house.  I got kinda of
   sick
   of have no furniture in my living room. Now my house won't seem so
   pathetic
   when people visit.

   Yea, I have been to Teala's.  Can't say I have ever had the mango
   margarita
   though.  I will have to try when I get a chance.  Sounds fruity!!

       -----Original Message-----
      From:   jennifer.d.sanders@us.andersen.com@ENRON

[mailto:IMCEANOTES-jennifer+2Ed+2Esanders+40us+2Eandersen+2Ecom+40ENRON@ENRON.com]

      Sent:   Monday, August 13, 2001 3:12 PM
      To:     Nemec, Gerald
      Subject:  RE: Hello!

      Hey Gerald!!  The weekend was good.  I went to a wedding on Saturday,
      but I
      was bored almost all day Sunday.  My boyfriend and I finally went to
      Teala's (Houston's answer to Baby A's) for Ritas.  If you've never
   tried
      it
      - Mango would be my recommendation.  Sorry I missed you and your
   friends
      on
      Thursday.  I wimped out Thursday and Friday - pretty pathetic.  But I
      give
      you props just for considering GK 2 weeks in a row!!  Did you do
      anything
      fun?

      To:
      IMCEANOTES-jennifer+2Esanders/40us/2Eandersen/2Ecom/40ENRON@enron.com
      cc:     (bcc: Jennifer D. Sanders)
      Date: 08/13/2001 01:39 PM
      From: Gerald.Nemec@enron.com
      Subject:  RE: Hello!

      Hi Jennifer,  How was your weekend?  Did you do anything exciting?  I
      was
      invited to go with some friends to the GK on Friday night, but I
   thought
      that two Fridays in a row would be pushing my luck, so I begged off.

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

   **********************************************************************

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I will give the form to the chairman monday

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


Outstanding!!  Its great to see that the organization recognizes real talent
when it sees it!  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/04/2000
01:56 PM ---------------------------

 FYI TO GPG
From: GPG General Announcement on 05/04/2000 06:15 AM
To: Gas Pipeline Group Operations
cc:
Subject: Promotion Announcement

I am pleased to announce that Colleen Raker has been promoted to Assistant
General Counsel effective April 1, 2000.  Colleen brings over 16 years of
Enron experience to the position.  In her new role, Colleen will continue to
provide legal support to all GPG companies in worker safety, pipeline safety,
and general operations.  Please join me in congratulating Colleen on her
promotion which is well earned.

Lou Soldano


Congrats

John


Attached is the Balance Sheet for EBS as of 12/31/99.  Let me know if you need
anything else.  Thanks.  DC(See attached file: EBSBalSht123199.xls)

 - EBSBalSht123199.xls


As I indicated to Jeff Golden yesterday, the problem with siting a project in
APS is that it typically doesn't have any long term transmission because, in
June through October, it is using the transmission to serve its native load,
even to the point of selling Palo Verde and buying Four Corners
uneconomically.  Accordingly, our short term traders perceive that APS sells
transmission aggressively while our mid-marketers think that APS is the
hardest utility to buy transmission from in the Southwest.  If you could
figure out some way to sell to the market during the winter and sell to APS
in the Summer it seems like that would be a good bet.  However, I would wait
to talk to APS' merchant function before you submit any transmission requests
to APS'  transmission function given that the traders question whether APS
may try to discriminate in favor of its merchant function.  Depending on what
APS' tariff says, you may have to request interconnection on-line and you
have to request transmission on-line.  I will help you do this when you're
ready.

I have tried to check APS' OASIS for two days in a row to find out if they
have transmission for the project, but the cite was down.  I'll check again
today.

From: James D Steffes@ENRON on 03/01/2001 08:24 PM CST
To: chris calger, Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Paul
Kaufman/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT,
Alan Comnes/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron
cc: Robert Frank/NA/Enron@Enron
Subject: APS and Enron

Does anyone have any issues or ideas on how EES can best  work with APS?

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/01/2001 08:12 PM -----

	Robert Frank
	02/28/2001 04:17 PM

		 To: James D Steffes/NA/Enron@Enron
		 cc:
		 Subject: APS and Enron

Jim - EES is moving forward w/ plans to site mobile generation in AZ -
hoepfully, by summer (originally, it was locomotive engines, but now may be
turbines).  They want to have a high level contact between Enron and APS to
expedite interconnection, but don't know what, if any, business we're doing
w/ them right now and if any "issues" exist.  Does you have any suggested ENA
contacts?


Greg- we plan to counter at indicated discount. Let me know if you disagree. Rick

 -----Original Message-----
From: 	Tribolet, Michael
Sent:	Friday, November 16, 2001 3:30 PM
To:	Buy, Rick
Subject:	PG&E settlement offer

Below are the proposed discounts we discussed with Ken Lay this afternoon:

USD millions:
                          Cash from 85       P+L with 85 cent
             Discount   cent sale of claim    sale of claim

Enron      $ 85.0 (17%)       $361.8             +$129.1
PG&E       $237.0 (46%)       $232.6             -$  0.1
Midpoint   $161.0 (32%)       $297.2             +$ 64.5

If the midpoint (value between PG&E and Enron settlement offers) is acceptable from a liquidity and P+L standpoint, propose countering at a discount of $123 million (move half way to midpoint) to provoke a counter offer.   Intent is to settle at midpoint discount of $161 million.  The Excel file is attached.


All the organs of the body were having a meeting, trying to decide who was
> the one in charge.
>
> "I should be in charge," said the brain, "Because I run all the body's
> systems, so without me nothing would happen."
>
> "I should be in charge" said the blood, "because I circulate oxygen all
> over, so without me you'd all waste away."
>
> "I should be in charge," said the stomach," because I process food and
> give all of you energy."
>
> "I should be in charge" said the legs, "because I carry the body wherever
> it needs to go."
>
> "I should be in charge" said the eyes, "because I allow the body to see
> where it goes."
>
> "I should be in charge, said the rectum, "Because I'm responsible for
> waste removal." All the other body parts laughed at the rectum and
> insulted him, so in a huff, he shut down tight. Within a few days, the
> brain had a terrible  headache, the stomach was bloated, the legs got
> wobbly, the eyes got watery  and the blood was toxic. They all decided
> that the rectum should be the  boss.
>
> The Moral of the story?  The asshole is usually in charge.
>
>

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


I created deal 546310 for pool sales to New Power.  I currently have a daily
volume fo 4250 on this deal.  We should be able to move the volumes back and
forth between this deal and the big citygate deal.

Jeff, I will look at the volumes on our big citygate deal ticket and this one
pool deal to calculate the Gas Daily pricing.

12/27/2000 08:49 AM
Jeffrey Porter@EES
Jeffrey Porter@EES
Jeffrey Porter@EES
12/27/2000 08:49 AM
12/27/2000 08:49 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re:

4,250 for 12/23 to EOM


Hello Mandy,  How are you doing?   Are you still collecting Lucites?


Kam,
Here is a list of our books.  I included text files as books.


Dear Jeffrey,

Zane Cooper has just created an account for you on Izio InfoPier.  The system
is accessible at http://haas.infopier.com.

Your login is: jdasovich
Your password was set to: 261491.

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Tony -- here's an excerpt from PG&E's tariff on curtailment of service.

If you are curious about any of the rest of their tariff, see the "Gas Rules"
portion of their website at
http://www.pge.com/customer_services/business/tariffs/#GR


After further thought, it seems to me that in light of our fear of litigation
w/ American Coal, we should keep the documents. To further insulate the Coal
Group and you from any claim that Enron misused the information,I suggest
that you transfer the information to me and I will hold it for safekeeping.


All:

I just downloaded the attached from the ISO's website.  It is dated 12/1/00.

To boil it down, the MSC comes down against "soft" caps and recommends the
"get market-based rates in return for selling forward" proposal that the ISO
staff is pushing.  Forward contracts would need to at rates that
"approximate" competitive prices.  Based on my quick read that does not mean
market prices; it means somthing more akin to cost of service.  MSC also
wants there to be a penalty on generators for underscheduling.  They also
claim there proposal will not exacerbate reliability problems.

I would be interested in people's opinion if Enron should be responding to
this report.  Given the date of the report, I am not sure if/how the ISO
would file this at the FERC.

G. Alan Comnes (GAC)

Here's the list of recommendations from the report.

(1) The PX &must-buy8 requirement would become a &must-schedule8 requirement.
IOUs
would be required to schedule all forward energy through the PX, but would be
free to
purchase it from any source.
(2) California generators and entities that sell to any California purchaser
(not limited to the
PX and ISO) could continue to be eligible for market-based rates (and would
be free of
refund obligations) only if they offer a substantial portion of their sales
in the form of
two-year contracts at rates that approximate competitive prices. The details
of such a
proposal are outlined in this report. The volume offered by sellers, in the
aggregate,
would be sufficient to cover the all three IOUs, residential and small
commercial
customer load using an average load profile for weekdays and weekends for
each month.
(3) Any market participant that does not offer these two-year
market-power-mitigation
forward contracts would be subject to cost-of-service rates for all of their
sales of energy
and ancillary services into the California market for at least the two-year
market power
mitigation period.
(4) The CPUC would be encouraged to set a default rate for IOU residential
and small
commercial customers based on projected wholesale energy costs under the
2-year
contracts described above.
(5) The under-scheduling penalty should be even-handed. The MSC recommends a
real-time
trading charge that is applicable both to load and generation and, more
important, does
not distinguish between instructed and uninstructed deviations from schedule.


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

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Sunday Jan 13, 2002 10:13:54


Here is the revised letter.


for consideration
-----Original Message-----
From: jpekarsky [mailto:josh-pekarsky@KEKST.COM]
Sent: Monday, October 29, 2001 7:08 PM
To: Palmer, Mark A. (PR)
Subject: talking points, etc

here you go