Thought you might get a kick out of "ISO California" (at the end of this
email) written by Steve Huntoon, who is now with Dynegy's DC office.    --
Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 03/16/2001 10:29 AM -----

	Mary.Doyle@dynegy.com
	03/16/2001 10:08 AM

		 To: Lyoho@enron.com
		 cc:
		 Subject: WPTF Friday Crazy About U Burrito

Check out the end of the burrito.

THE FRIDAY BURRITO

Ben Zycher from the RAND Corporation used the following line in his talk at
the WPTF General Meeting in Phoenix a few weeks ago. The story takes place
in the good ol' days of the Soviet Union when Brezhnev was Premier.
Brezhnev and the rest of the Politburo one fine May Day were watching the
tanks and missiles pass by the Kremlin Wall, when Leonid noticed in the
middle of the parade a truck carrying a group of civilians.; He turned to
Dmitri Ustinov, the Defense Minister, and asked, "Who are they?"; Ustinov
replied, "Those are our economists.; You just wouldn't believe their
destructive potential."

This is appropriate for our time and our situation.; The economists
descended upon us when the California market was designed, but we know not
from where.; Aliens?; Since weaving conspiracy theories is a popular past
time in Sacramento ("We just know they are gouging us, them bullies"), I
believe that one must do the same by following the money.; I'm not talking
about the campaign contributions in Gray Davis' pocket. The most money has
gone from power sales in California to the Canadian Province of British
Columbia.; It was a plot the Canadians hatched. I mean, look at Governor
Davis.; He looks kind of BC-ish.; Skinny and lanky, wimpy hair, and a
hesitation in his speech. He talks their language: a mix of misspelled
French ("meet me at the centre"), English, and Eh(?).; One night in 1996,
the BC government secretly sent us some economists by the truckload to
destroy California.; The utilities probably paid for the bus tickets.; I
happen to know that Frank Wolak, Chair of the ISO Market Surveillance
Committee once lectured at a University in Vancouver, B.C..; What more
evidence do you need?; The BC Government sent us cheap hydro power, sold at
inflated market prices so that they could do what the citizens of
California wanted to do with their budget largess ? build roads, schools,
and hospitals. They didn't think we could figure out their plot, but we
did.; Now is the time for California to counter-attack.; We'll send them
some of our politicians, a bipartisan group including a few who can add,
and some of our select energy thugs from the CPUC and the Blind Oversight
Board.

Speaking of times and situations, there was a time when discussing the ISO,
words such as "communist" and "Nazi" were only uttered, by my pal, Carl
Imparato,.; We would shake our heads, and chuckle at Carl's extremism.; We
aren't laughing now.; The descriptors seem to arise again and again in
polite conversation by a wider circle of people.; I watch with utter
amusement (because the alternative is retching breakfast) at the
demagoguery of the ISO Governing Board, the Market Despair Team, the
Governor's office, and some members of the California Legislature. Like an
audience watching a tragedy from hell, we scream aloud, "These people are
crazy!"; And indeed, they are.; Mr. President is not helping us at all by
continuing to wrangle over who gets the musical Chair at FERC ? Bubba Curt
or Bubba Patrick.; Listen to us, Mr. President.; Let Bubba Curt keep the
reigns for a year or two, and let Bubba Patrick take a seat at the table.
We need someone with a shockproof BS detector.; Someone who can honestly
field a motion to dismiss the California ISO.; The time is long overdue to
shoot this horse in the head.

Not all is evil.; This week in Houston, the resource capital of California,
I visited the trading floor folks at Dynegy, before attending the WTPF
Board meeting.; The coolest thing I saw, besides all the neat gadgets on
each trader's desk, was the coffee machine.; Brother Jolly Hayden showed me
how to use it.; You pick the type of coffee you want.; The contents of the
coffee are in a shot-glass sized plastic tub with a foil top.; I picked
Venezuelan #6 Decaffeinated Waxy Crude.; The tub is placed inside the
brewing machine, and the start button is pushed.; Presto, coffee drips from
the spout into a waiting cup.; I asked Jolly, "How did the hot water get
mixed into the ground beans?"; He removed the tub from the machine and
showed me a pin prick hole made in the foil top, and another that was made
at the bottom.; Is that neat, or what?

I would like to buy a brewing machine just like the Dynegy coffee machine,
but a little larger.; I would set up a booth in Sacramento, on the corner
of 11th and "L", and bark out to passing members of the Legislature, "Free
space shuttle. Come and see life on other planets."; They would jump at the
chance to visit other planets.; I would seat them in the machine, push the
start button, and voila.; Dripping out would be the essence of democracy.
Don't worry about the holes needed at the top and the bottom.; They are
already there, and quite enlarged.

Back to my day at Dynegy.; Trade floors might seem similar across
companies, but the small differences speak to the management style embraced
by the crew and its leaders.; Each electric trading desk, for various parts
of the country, is set up a little bit differently.; For example, some
desks have a person doing asset-backed trading, but some don't.; When I
arrived at 6 a.m., Houston time, the Eastern desk was busy in its trade
day.; The Western folks hadn't arrived, yet.; Later, I sat with Randy
LeForce of the Western desk.; "Captain LeForce, to you", he told me.; He
could talk big because Dave Francis, who sits next to Randy, and hangs
witty quotes from the ceiling above his head ("Even a blind pig could make
money in this market"), was on vacation.; As the pace of the trading
gathered steam, Randy kept an eye on all the different people working the
Western trading desk.; The Captain worked it like a maestro.

During my visit, some Dynegy folks came up to me, introduced themselves,
and said how much they enjoyed the Friday Burrito.; I'll tell you what.
There are few things in life that give me as much satisfaction.; Complete
strangers who tell you that something you do makes them feel good, well, it
doesn't get any better than that.; Garrison Keillor, the well-known author
of Lake Woebegone Days, and NPR radio entertainer once said a writer should
have an audience.; Not everyone in the world should be in the audience, but
an audience nonetheless of some people.; I now know what he means.; And the
people I met on the trading floor felt like they knew me, and shared with
me their thoughts and opinions on a lot of things.;; Often they asked me,
"Are those California people really that crazy?"

Since last week, you might have noticed the pace at the FERC has picked up,
somewhat.; Last Friday the FERC issued an Order on possible refunds for
alleged overcharges by parties selling to the ISO last January.; That was
news worthy.; Then, on Wednesday, the FERC issued an Order to remove
barriers to additional electric generation in the West.; The Order admits
that it won't change the dire situation in the West, but these are steps in
the right direction.; The FERC also issued on Wednesday a show-cause order
to AES and Williams regarding the maintenance of RMR units that were called
by the ISO in April and May of 2000.; That is a serious case that we must
watch closely.; Also this week, the California Senate kicked off its own
investigation (this will be the tenth such investigation of the California
markets to uncover alleged price manipulation).; The Senate Committee will
have subpoena rights, and if I understand it correctly, they plan to
subpoena individuals.; Sounds like a Kangaroo Court and a Three-Ring
Circus, to me. Thursday, Secretary Abraham stated in a congressional
hearing that the West would certainly experience power outages this summer.
Finally, an LA Times reporter asked me if I had heard that a small QF
company had filed for seizure of SCE property to satisfy an outstanding
debt.; That would be step one of the bankruptcy cha-cha.; All in all, a
typical week among crazy people.

Let's see what else we can talk about.

Things in the People's Republic of California
;@@@ PUC Updates Utility Liabilities
;@@@ Be a Source for Energy Price Update
;@@@ BPA Misquoted in the WSJ

Things FERC
;@@@ Market Monitoring Proposal

Letters

Jobs and People

Odds & Ends (_!_)
================================

Things in the People's Republic of California
;@@@ PUC Updates Utility Liabilities

My favorite regulator, the California PUC, issued an Order in the
Utilities' Rate Stabilization case to re-open the record on utility audits.
Although the text of the order is unremarkable, the data tables bring up to
date, as of March 8, the outstanding liabilities of PG&E and SCE.

The PG&E commercial paper obligation due as of March 8 increased by $354
million since January 31, for a total default amount of $790 million.; QF
purchases increased by $280 million for the same five-week period, now
totaling $651 million.; The ISO payments increased $934 million, now
totaling $1.5 billion, and the direct access charge backs for negative PX
credits increased $214 million, now totaling $433 million.; PG&E's total
default amount is now $3.3 billion excluding amounts yet to be collected
from PG&E customers for DWR purchases.

The SCE balance is as follows: The commercial paper obligation that is due
as of March 8 increased by $260 million since January 31, for a total
default amount of $401 million. SCE defaulted on a significant amount of
long-term debt principal and interest, roughly $249 million.; QF purchase
defaults increased by $354 million for the same five-week period, now
totaling $835 million.; The ISO obligations decreased $1.1 million, and the
direct access charge backs for negative PX credits increased $21 million,
now totaling $25 million.; SCE's total default amount is now $1.7 billion
excluding amounts yet to be collected from SCE customers for DWR purchases.

There is little question that the QFs are taking it on the chin, big time.
In the last five weeks, between January 31 and March 8, the defaulted
payments to the QF owners from both utilities has increased $630 million.
The total QF default for both utilities as of March 8 stands at $1.5
billion.; Does anyone wonder why 1500 MW of QF capacity has shut down in
California?; Without these payments being made very soon, I would expect
the amount of shut down QF capacity to easily double, or more.; Why would
these projects produce without the promise of being paid?

Things in the People's Republic of California
;@@@ Be a Source for Energy Price Update

Art O'Donnell, editor and associate publisher of the well-known and widely
read California Energy Market (CEM), is looking for traders willing to
participate in his survey in exchange for receiving an advanced copy.; The
Survey is a regular feature in CEM. The information collected by Art is
matched against the responses of the other people he interviews and some
posted sources (Pricewaterhouse Coopers; BPA's daily offerings, for
instance).; It is written up in narrative form. The report goes out twice
weekly, once on Wednesday afternoon/evening via e-mail as a courtesy to the
respondents (because the week is pretty much done by then), and a rewrite
on Friday that is e-mailed around 10 am, posted on the newsdata.com Web
site, and published in the newsletter for general consumption. The Friday
report also features a brief story about natural gas markets in the West

The WPTF Board of Directors has allowed me to publicize this offering, and
to explain that if your company is interested in participating, the
information you provide to Art would be protected as confidential.; In
Art's words, "The price survey is ? unlike some attempts at creating a
tradable index number (e.g. McGraw-Hill's Power Markets Week index or the
Dow Jones indices), is more of a narrative about the state of the market d
a pulse reading as opposed to a blood pressure number or an EKG. As such, I
do not ask traders and schedulers for precise dollar figures or volumes
associated with specific trades, but rather questions like, 'What's
Mid-Columbia going for today? What about off-peak? How has that changed
since this morning? Oh yeah, why is that? Anything else I should know?'"

The WPTF Board asked Art to explain how the information he collects would
be protected since so many marketers and generators are under State data
subpoenas.; Art replied, "The Constitution of the State of California
provides for a blanket immunity against government intrusions for news
gathering from confidential sources and unpublished information, something
which we believe in strongly at Energy NewsData Corporation and which we
are willing to go to jail to protect. So if, for instance, the Attorney
General tried to subpoena me or anyone from my staff about power price
information, we would 1) refuse to divulge anything other than the already
published accounts, 2) send back a copy of the Constitution, 3) contact the
attorneys for the Society of Professional Journalists, and 4) start
preparing a benefit party to raise legal fees. "

If you would like to participate in Art's survey, please e-mail him at
aod@newsdata.com.

Things in the People's Republic of California
;@@@ BPA Misquoted in the WSJ

In last week's Burrito, I referred to a Wall Street Journal article that
portrayed a BPA trader as admonishing the DWR for accepting bids over
market prices.; I was surprised when I received the following e-mail from
BPA's David Mills.; His message to me copied a letter he sent to DWR's Ray
Hart, explaining what he meant as opposed to what he was quoted as saying.

Dear Ray:

As per our telephone discussion, I just wanted to reiterate a few things
re:the Wall Street Journal article and the quotes attributed to me.; At no
time during the interview with Ms Smith did I state that I thought that
CDWR's offers were out of line with the prevailing market price in
California or that your traders should check that price before entering the
market.; The reporter was quite interested in the price difference between
California and the MidC price here in the Northwest and when I asked I told
her that currently that price delta was roughly $50-$100 MWhr, with MidC
being lower than the CA prices.; I did not indicate to the reporter that I
thought that CDWR was paying more than the California market price and was
simply trying to make a comparison of price relativity between California
and the Northwest.; Lastly, BPA has, on occasion, charged extra-regional
entities less than the prevailing market price but has only done so to
remain consistent with our own pricing strategies.

;I apologize for any misconceptions or miscommunications that may have
resulted from this and look forward to a continuing working relationship
between CDWR and BPA.

Things FERC
;@@@ Market Monitoring Proposal

FERC Staff issued a report with "Recommendations on Prospective Market
Monitoring and Mitigation for the California Wholesale Electric Power
Market."; WPTF members are taking this proposal very seriously, and we
intend to provide comments on March 22.; If you are interested in a copy of
the report, go to http://www3.ferc.fed.us/bulkpower/bulkpower.htm.

General members are able to participate along with the Board members and
other general members working on our response.; We have retained the
services of Dr. Ben Zycher of the RAND Corporation to help us draft the
policy issues.; He will be working with our counsel, Dan Douglass of Arter
& Hadden to craft our reply.

In short, our submission will point out the flaws in FERC's proposed
methodology, and demonstrate the shortcomings of narrowly limiting the
definition of producer marginal cost to operating variable cost.; Further,
excluding measures of credit worthiness are an important missing variable
in the FERC analysis.; Next week, I will include a short summary of our
response in the Burrito.

Letters

I received a note from one of our legal beagles that drop me a line every
now and then.; I don't have the facts of the case to which this person
refers, but I hope the sender provides us with an update if a judgement
should occur. "Universal Studios wants FERC to find that Universal owes no
penalty to SCE for not interrupting its interruptible load (under a CPUC
rate schedule) because SCE did not adhere to the FERC requirement in the
Dec 15 order to schedule 95% of its load in the day ahead market ......
according to Universal, if SCE had done so, then it would have had to
provide Universal power at below its cost.; SCE didn't and Universal; got
interrupted and now Universal owes $$$$$$$$$$$$$."; Does anyone else know
about this filing?

Lind Guerry, veteran of the PX halcyon days, wrote, "Hi Gary.; Hope you're
having a nice day.; Just wanted to let you know that I'm really enjoying
the Burrito, and am so glad you're sending it to my home email.; I really
got a kick out of the "Ten Reasons...."; It's hard to believe that our
wonderful state is in such incompetent hands, isn't it?; And not only are
they incompetent, they continue to remain so, with such regularity, you
could probably make a killing marketing their incompetence as a laxative.
Do you think if we tried to do that, we'd get accused of exercising market
power? Think of the power we'd wield, as the holder of the largest amount
of incompetence!! "

Lind, we need a product name for the laxative idea.; Any ideas? How about
Sane Away?

Jobs and People

The folks at Dynegy sent me a couple of job postings.; If your company has
similar posting or job openings, or if you are reader looking for a new
gig, drop me a line.; After all, it's free.

Position Description:

Dynegy's position has responsibility for the development of transmission
and power markets in a geographic region of the U.S.; Duties are driven
primarily by federal, regional, and state activities to restructure and
deregulate the electric power industry, and the need for industry
participants to develop and implement market structures, policies, and
regulations that promote liquid and competitive transmission and power
markets.; Significant activity within a region to reshape the structure and
operation of the transmission grid is resulting from FERC Order 2000, which
directs the establishment of Regional Transmission Organizations. Extensive
travel (40%-60%, and higher at times) is highly probable. Primary goals of
this position are to:1) Create more liquid and competitive transmission and
power markets;; 2) Maximize the value of Dynegy's positions and assets by
working closely with the trading and power groups to develop;; and
implement commercial strategies that create and capture significant
business opportunities; and 3) Provide timely and accurate information,
market intelligence, and recommendations to clients. 4) Maximize the value
of Dynegy's positions and assets by working closely with the trading and
power groups to develop and implement commercial strategies that create and
capture significant business opportunities; and recommendations to clients.

Interested parties should contact Jolly Hayden at jjha@ngccorp.com.

Odds & Ends (_!_)

First, I would like to welcome WPTF's newest general member, Wellhead
Electric.; Hal Dittmer is the founder and president of Wellhead.; I have
known Hal for a couple of years, first as a client for my over priced
consulting services, and later as a friend and source of all kinds of
useful information.; Wellhead is one of those QF owners who are owed a
boatload of money.; However, Hal's company is developing some new projects,
and he is looking for prospective power buyers.; Hence, his interest in
WPTF is obvious. Wellhead is WPTF's 31st member.

Well, the Dynegy gang has been a source of comfort and joy to me this week.
They couldn't let me leave their abode without stuffing a song in my pocket
that is a tribute to their creative skills.; Timely too.; Sing it to the
tune of "California Dreaming", by the Mamas and the Papas.

                              ISO California
                     (to the tune of Hotel California)

On a dark Western highway
No wind in my hair
No rain for the hydro
No NOX in the air
Up ahead in the distance
I saw a flickering sight
The load grew heavy and the lights grew dim
No relief in the night
So we stood in the darkness
Down at the Taco Bell
And I was thinking to myself
This could be Heaven or this could be Hell
We lit up a candle
No power in the Bay
There were voices down the corridor
I thought I heard them say; ?

Welcome to the ISO California
Such a lovely place
Such a lovely place
Such a lovely face
Powering up for the ISO California
What a nice surprise
What a nice surprise
Bring your alibis; ?

Its mind is policy twisted
Can't stop consumption trends
Got a lot of NIMBY boys
Cisco calls friends
How we sweat in the courthouse
Sweet summer sweat
Without the AC
We try to forget
So I called up the Gov'nor
Please energize this line
He said
We haven't built a new plant here since 1969
Last thing I remember
We were running for the door
We had to find the passage back to the place we were before
Relax said Judge Damrell
California's programmed to receive
Go belly up any time you like
But your power can never leave

[refrain]

==========================
Don't refrain.; Have a great weekend, y'all.
gba


This week's Lite Bytz lunchtime presentation will feature the following TOOLZ
speaker:

Ryan Orsak
Livelink-A Knowledge Management System
Thursday, December 14, 2000

If you have not already signed up, please RSVP via email to
litebytz@enron.com by the end of the day Tuesday, December 12, 2000.

Click below for more details.

http://home.enron.com:84/messaging/1214liteb.ppt


Tracy:

I would like to RSVP for myself and a guest to the Customer Appreciation Extravaganza.

	Thanks, Jim Schwieger


All of these deals have been changed. We had a problem with Mark's defaults
this morning.

Thanks,
Kate

Stephanie Piwetz   11/14/2000 02:55 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Mark Fischer

here are the numbers that need to be changed to Firm energy type, please
double check, I only pulled up Mark Fischer for todays date
457966.01
457967.01
457968.01
457969.01
457970.01
457978.01
457979.01
457980.01
457981.01
457994.01
457998.01
457999.01
458003.01
458004.01
458009.01
458011.01
458106.01
458107.01
458226.01
458257.01

Looks like alot of the deals are no confirm or counterparty to send, just to
make sure we have correct in system
thanks

   Kate Symes                11/14/2000 04:21 PM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: Mark Fischer

This is an automated function of Deal Blotter. I have called Will Smith to
let him know it's malfunctioning; but all deals not using NP15, SP15, or ZP26
should default to Firm Energy. I've also changed the energy to Firm in Deal
#458255. If you could let me know the other deal numbers that need to be
changed, I'll follow up with those too.

Thanks,
Kate

Stephanie Piwetz   11/14/2000 02:16 PM

To: Carla Hoffman/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc:

Subject: Mark Fischer

Hello-
Looks like alot of Mark Fischer's west deals are coming over as CAISO firm
energy, for example deal 458255.01.  Please change, needs to be Frim Energy,
we will need to revise the Confirmation Letter.  CAISO energy on NP 15, SP
15, and Zp 26 delivery points only.

Thank you
Stephanie


Gerald,

Please note the attached is the scope of work PCS is to complete as their
first deliverable to ENA under the proposed PSA.

Thanks,

Nick


Please prepare a draft contract per terms of the attached credit worksheet.

Thanks
brant


Things are definitely getting interesting.  As we reported on Wednesday, the
first glimmers of hope for a deal in the Assembly are starting to appear on
the horizon.  The market may react positively to this news as it filters out
over the next week.  Of course, a bailout deal for SoCal could be rejected by
SoCal or the generators could refuse to participate and bankruptcy could
still happen.  Nonetheless, we felt it was important to alert you to the
changing dynamics in the legislature.

RJ

Executive Summary:

? Legislators in both parties are scared about a fiscal meltdown and looking
for a realistic Plan B
? The Keeley plan is the most likely vehicle and would include the 30%
generator haircuts and revenue bonds backed by a dedicated rate component
? Despite uncertainty over dealing with transmission lines and continued
oppostion from Burton and his consumer group allies, the Keeley plan will
probably pass the legislature
? The generators will not support the plan until they get clearer guarantees
from the state that investigations and lawsuits will end
? PG&E could get the same offer as SoCal through the bankruptcy court.

1. Budget Binge Could Scare Legislators into a Deal

According to sources, the Assembly is "terrified"  of the current holes in
the budget due to buying power.  The impact of the  energy crisis is
reportedly causing panic among some legislators.  This  panic appears to be
moving a SoCal bailout plan forward.

 Sources report that a modified Plan B deal is  "not that far off"; it will
likely take one to two weeks (more likely closer to  two) to move a deal
through the Assembly and the Senate and to the governor's  desk once it is
introduced.

2. What Would the New Plan B Look Like?

- This modified Plan B deal, which  will originate in the Assembly, will
almost certainly include a dedicated  rate component to pay SoCal's
undercollect.  Revenue bonds will be issued  securitized by this dedicated
rate component.  It is also very likely that  the generators would be offered
70 cents on the dollar for what they are owed  immediately, with the
possibility of more if they win litigation.  (Sources  report that the state
is "fairly confident" that at least most generators  would not be successful
in winning this additional money.)  Assembly Speaker Keeley  reportedly
remains the driving force behind this plan, and it is being drawn up  from
within his office.

3. Transmission Lines

- It remains unclear at this time whether a  transmission line purchase or
option to purchase will be put into the deal,  since this is a major point of
contention between the Democrats and  Republicans.  According to sources, the
Assembly is "working on  this."

4. Plan Looks Good to Pass Both Assembly and Senate

- According to sources, the vote count for passing  a deal containing the
above components (except the transmission line purchase,  which is not yet
settled) "looks very good."  The vote in the Senate would  be "very close."
Senator Burton still opposes a bail-out deal, but he  reportedly might not
stand in the way of others from voting for the  plan, making its passage more
likely.  Even opponents of the plan  (including Burton and the consumer
advocates) say that the odds of a modified  Plan B passing the Senate are
better than 50-50.  These opponents are  reportedly "pessimistic" about their
chances of stopping a Plan B from passing  at this point.

5. Caveat: Generators Are Waiting For Guarantees That the Witch Hunt Will End

- As reported previously, sources continue to  believe that generators would
be reluctant to take a 70 cent-on-the-dollar  haircut without the state
offering them relief from further prosecution.   (Without this relief, the
state could give them 70 cents, then try to take away  even more.)  Sources
report that even opponents of the plan accept that the  generators should be
offered this relief from prosecution.  Thus, it  appears likely at this time
that most generators would accept a 30 percent  haircut if they were paid
immediately.  Also, sources believe that the  securitization on the dedicated
rate component offered in the modified Plan B  would be sufficient to pay
back those generators who successfully litigated to  win more than 70 cents
on the dollar.

- Sources believe that SoCal Edison's creditors are  likely to forebear from
filing an involuntary bankruptcy long enough for this  plan to go through,
since it would pay back most of what they are  owed.

6. PG & E Could Also Be Dealt In

- If this plan succeeds, it will almost certainly  be taken to the bankruptcy
court and offered to PG&E as part of a  reorganization plan.  This plan can
be offered at any time within  PG&E's "period of exclusivity."  This is a
90-day period (though it is  often extended) following the filing of a
bankruptcy petition.

- However, sources report that the state is  concerned about how to approach
the bankruptcy court.  Based on Supreme  Court precedent (which legal sources
within the state have been reviewing), the  state would likely lose its
sovereign immunity if it entered as a party into the  bankrutpcy court.  This
is a problem because the stakes in this case are so  high.

7. Bailout Bill Would Require Follow Legislation For A New Rate Structure

- Even if the state passes and signs a SoCal  bailout, it would still need to
pass a rate structure that would allow SoCal and  PG&E to flow through cost
increases to prevent them from once again facing  bankrtupcy.  Therefore,
this plan does not make the crisis go  away.


Per my voice mail yesterday--I'm getting more curious about what's going on
with every garbled answer I get.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 09/21/2000
10:28 AM ---------------------------

	From:  Drew Fossum                           09/21/2000 10:27 AM

To: Dave Neubauer/ET&S/Enron@ENRON, Steve Gilbert/ET&S/Enron@ENRON, Mike
McGowan/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@Enron, Lindy Donoho/ET&S/Enron@ENRON
cc:

Subject: Re: 2000 3CE GPG Overview

Am I the only one who doesn't understand this answer?  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 09/21/2000
10:25 AM ---------------------------

	Elaine Concklin
	09/20/2000 06:04 PM

To: Dave Neubauer/ET&S/Enron@ENRON, Steve Gilbert/ET&S/Enron@ENRON, Mike
McGowan/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON
cc: Vera Apodaca/ET&S/Enron@ENRON, Henry Baker/ET&S/Enron@ENRON, Sophie
Patel/ET&S/Enron@ENRON

Subject: Re: 2000 3CE GPG Overview

FYI -  regarding your question this afternoon.

Everyone be sure to dream up some creative ways to improve earnings . . .  We
need revisions by Friday morning.

Thanks!  Elaine

---------------------- Forwarded by Elaine Concklin/ET&S/Enron on 09/20/2000
05:58 PM ---------------------------

Tracy Geaccone
09/20/2000 05:54 PM
To: Elaine Concklin/ET&S/Enron@ENRON
cc:

Subject: Re: 2000 3CE GPG Overview

$2.5MM SAP accrual which I will use to offset the increase in the Corp
charges for this year instead of charging to the pipelines.

$5.0 -$6.0MM I hope to be able to carry over to next year.  It depends on the
$ some costs really come in at.  We did some things in the second quarter to
hold income back.  I can't  really reverse this year.  If our GPG target does
go up to $401MM, I will have a $35 MM hole at my level.

I wrote off business development projects and some other things.

The inventory deal is still up in the air.  Rod will know more tomorrow.

At this point in time, even if it happens higher, we will still have a hole.

Maybe they can try the structured products???

Tracy

	Elaine Concklin
	09/20/2000 04:10 PM

To: Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject: 2000 3CE GPG Overview

Tracy,

Can you tell me what the ($10.2) for Enron Pipeline Company is in the 3CE
(primarily in Q1 & Q2)?  That seems to be creating the remaining GPG hole for
the year.

Our officers had been counting on having more reserves to carry into 2001 to
help fill the NNG and TW gaps.  I also heard from Bob that the inventory deal
may still be viable at a higher amount - more like $20MM.  Do you have any
updates on that?

Thanks,  Elaine


Today we released additional information about our related party and off-balance sheet transactions.  We have made this information available both on our website and in a Form 8-K filing with the Securities and Exchange Commission (SEC).

The information provides further details about:

	-- the $1.2 billion charge to shareholders' equity announced in the third quarter and the transactions related to that charge;
	-- a restatement of prior years' financial statements to reflect this reduction in shareholders' equity, the consolidation of     three entities and prior year proposed audit adjustments and reclassifications;
	-- the Special Committee appointed by the Enron Board of Directors to review transactions between Enron and related parties;
	-- the LJM limited partnerships, including a discussion of transactions between Enron and LJM entities; and
	-- transactions between Enron and other Enron employees.

This information addresses a number of concerns that have been raised by our shareholders and the SEC.  As our Board's new Special Committee continues its review of various matters, we will continue to cooperate fully with the SEC in its investigation, and we will continue to respond to investor requests so that they can evaluate, appreciate and appropriately value the strength of our core businesses.

Restatement of Earnings

Based on information that we have recently obtained, Enron and its auditors determined that certain off-balance sheet entities should have been included in Enron's consolidated financial statements pursuant to generally accepted accounting principles.  As a result, Enron will restate its financial statements from 1997 to 2000 and for the first and second quarters of 2001.  These restatements have no material effect on Enron's current financial position.  Here are some details included in the filing:

Net income for each period will be impacted by the retroactive consolidation of Joint Energy Development Investments (JEDI) and Chewco beginning in November 1997, the consolidation of an LJM1 subsidiary for 1999 and 2000 and prior year proposed audit adjustments.  Enron's current assessment indicates that the restatement will include:

	-- a reduction of approximately $96 million in 1997
	-- a reduction of approximately $113 million in 1998
	-- a reduction of approximately $250 million in 1999
	-- a reduction of approximately $132 million in 2000
	-- an increase of approximately $17 million for the first quarter of 2001
	-- an increase of approximately $5 million for the second quarter of 2001
	-- a reduction of $17 million for the third quarter of 2001.

The consolidation of JEDI and Chewco also will increase Enron's debt by approximately $711 million in 1997, $561 million in 1998, $685 million in 1999 and $628 million in 2000.

The restatement will have no material impact on Enron's reported earnings for the nine-month period ending September 2001.

You can obtain more detailed information on the items described above by accessing the Form 8-K filing at <http://www.enron.com/corp/sec/>.

We will continue to review our strategic, operational and financial position, and we will continue to keep you updated on any developments.


No.


Web server noticeably slow today.  I'm getting a lot of bad failed trades
(2-3 seconds behind when I change a price).
Not necessarily slower than yesterday, but definitely slower than a month
ago.


Kathy/Brian,

Here is the new text file format.  This will enable you to send only one text
file each night.  If you have any questions give me a call.

Thanks,
Robin
57478


Start Date: 4/17/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041714.txt


Mark:

	My next trip to the UK is scheduled for the week of November 5.  Is there anything specific you need me to address?

Thanks,

Jeff


Attached is a copy of the press release describing the gas rule.

I've heard through the grapevine that pipelines (not GPG) are already
complaining that there
is  "nothing in it for pipelines."   I think we should be cautious about
being so critical before we have even seen
the rule itself.  After all, many of the items in the rule are there at the
pipelines request (seasonal & term-differentiated rates).

I hope to be able to send out a summary on Friday.


Errol-

Deal Number QW8614.3 was put in manually as a trade with Dynegy Canada.
However, I looked in Enron Online and it says that the counterparty is Dynegy
Marketing and Trade.

Thanks.


Faith,

 Regarding the 2001 plan, the members of the west desk are as follows:

 Name   Title

 Trading
 Phillip Allen  VP
 Mike Grigsby  Director
 Keith Holst  Manager(possible Director)
 Janie Tholt  Director
 Steve South  Director
 Frank Ermis  Manager
 Tori Kuykendall  Manager
 Matt Lenhart  Analyst(possible associate)
 Monique Sanchez Commercial Support Manager
 Jay Reitmeyer  Senior Specialist
 Ina Rangel  Assistant (split costs with middle market)

 Marketing

 Barry Tycholiz  Director
 Mark Whitt  Director
 Paul Lucci  Manager (possible Director)
 2-3 TBD

Do I need to give you the names of our operations group?

Special Pays-  I believe Mike Grigsby has a retention payment due this year.
Also we should budget for another $150,000 of special payments.

I know you have been working with Barry T.  if his headcount is different on
the Marketing staff use his numbers.  Let me know if there is anything else
you need.

Phillip


Effective October 15, 2000, the retention period on tape recordings of trades
done by telephone will be reduced from four months to one month.  The tapes
regarding significant transactions may be retained for such longer period as
approved in writing by both the Head Trader and the General Counsel.  Please
propose those significant transactions on which you may wish to retain the
tapes, prior to October 15, 2000, since the tapes on conversations older than
one month (except with respect to litigation matters) will be destroyed on
that date.  If you have any questions, please contact Mark Haedicke or
Richard Sanders.

John Lavorato and Mark Haedicke


Please proceed with the assignment referenced above.  In terms of the ISDA
assignment and amendments, everything was satisfactory.  I do however,
recommend, if this hasn't already been done, that legal bless the guaranty
language by Conectiv.

If you should have any comments or questions, please contact me at x5-7712.

Rgds,
Ed Sacks

Tracy Ngo@ECT
04/19/2000 10:44 AM
To: Susan Flynn/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron

Subject: Re: Assignment and Amendment of Delamarva Light & Power Company/ ENA
ISDA Agreement to Connectiv Energy Supply, Inc.

Ed Sacks is finalizing the review of this today.  Thanks for the follow up.

Susan Flynn
04/19/2000 10:42 AM
To: Tracy Ngo/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT

Subject: Assignment and Amendment of Delamarva Light & Power Company/ ENA
ISDA Agreement to Connectiv Energy Supply, Inc.

 Tracy, as we have discussed, the CP's attorney wants to get this assignment
in place before the end of April.  The CP's attorney calls almost daily to
check the status of the assignment.   I know you are busy, but could please
take a look at this document today?   Thanks!


Hi Maureen

I hope you're keeping well.  London Research has been asked to validate the
long-term copper (and other) forward curves being used by MG.  Clearly this
lies outside our domain of expertise (being economics), so I've referred Tani
to you.

Speak to you soon,
Steve


Attached are the latest changes to the docs redlined against the originals
docs, per your voicemail.

Chris,  I made one slight change from the versions I had sent to you
earlier.  In the Capacity Allocation agreement signature block, I am now
having ENA sign for section 4.5 as well.

 Let me know if you need anything else.


Great to hear you'll be back soon.  Get me a call when you get back in the
states and
tell that Fathead I said hi.

Kevin


Jim, Rick and Steve:

This is for tomorrow morning's meeting. To give us a focus for the
discussions I thought it would be best if we went through this fairly
quickly (maybe 45-50 minutes) as a presentation first.

Given the complexity of a full market design, this is obviously only an
overview. But our first priority is to present the ideas and develop the
logic behind the proposals.

See you tomorrow.

Seabron

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

www.frontier-economics.com

 - Interim market final.ppt


Is this one OK as well?
----- Forwarded by Mark Taylor/HOU/ECT on 05/25/2001 04:36 PM -----

	Chris Walker/ENRON@enronXgate
	05/24/2001 04:18 PM

		 To: Jeff Blumenthal/ENRON@enronXgate, Susan Musch/ENRON@enronXgate, Bjorn
Hagelmann/ENRON@enronXgate, Mark Taylor/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate, Shari Mao/HOU/ECT@ECT,
Charlie Hoang/ENRON@enronXgate
		 cc: Lisa Lees/ENRON@enronXgate, Stephanie Sever/ENRON@enronXgate, Tana
Jones/HOU/ECT@ECT, Karen Lambert/ENRON@enronXgate, Kelly
Lombardi/ENRON@enronXgate, Tara Sweitzer/ENRON@enronXgate, Dawn C
Kenne/ENRON@enronXgate, Torrey Moorer/ENRON@enronXgate, Robert B
Cass/ENRON@enronXgate, Kevin Meredith/ENRON@enronXgate, Melba
Lozano/ENRON@enronXgate, Carlos Alatorre/ENRON@enronXgate
		 Subject: Product Type approval needed (CAN Newsprint Phy)

Please approve the following product type in Data Manager after 11:00 A.M.
Attached are the GTC and long description.

CAN Newsprint Phy

CAN Newsprnt Phy 48.8 gm East Canada     Jul01           CAD/Mt

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"


Handout 'FirstPlus Case' for Class: 'E283-1: Real Estate Finance' is now available through the Izio system.  You will find it in the 'Handout' section.

Note: To stop receiving these notifications, please uncheck the box labeled 'I want to be notified by email when course information is updated' in the 'Properties' section under the HOME menu bar.

===========================================
This message was sent from the Izio system at http://haas.Izio.convene.com.
If you have any questions or comments regarding this email or the Izio system, please forward them to IzioSupport@convene.com.


Nice compliment.  We shoudl discuss putting together an automated sheet each
day for cash trading.  Please get together with me and the fundies group to
work out a report.

Thanks,
Mike


I agree.  DF

	From:  Mary Kay Miller                           01/31/2001 06:18 PM

To: Shelley Corman/ET&S/Enron, Drew Fossum/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Steve
Kirk/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON
cc:

Subject: Re: Request to intervene and reply to Indicated Shipper and
Dynegy's  Request for Rehearing, Texas Eastern Transmission Corp., Docket No.
CP95- 218-003

Shelley,  we want the opinion to be upheld, so if this may help, I'd say yes
let's participate.   MK

Dassistant <Dassistance@INGAA.org> on 01/31/2001 02:55:59 PM
To: "Anna V. Cochrane (E-mail)" <avcochrane@cmsenergy.com>, "Anne Bomar
(E-mail)" <anne_bomar@dom.com>, "Brian White (E-mail)"
<bswhite@columbiaenergy.com>, "Carl Levander (E-mail)"
<clevander@columbiaenergygroup.com>, "Catharine Davis (E-mail)"
<cdavis@glgt.com>, "Chris Kaitson (E-mail)"  <ckaitson@midcoastenergy.com>,
"Claire A. Burum (E-mail)"  <burumc@kochind.com>, "Claudio Urencio (E-mail)"
<curencio@gas.pemex.com>, "Cyril Zebot (E-mail)"  <czebot@reliantenergy.com>,
"Daniel Collins (E-mail)"  <daniel.collins@coastalcorp.com>, "David Reitz
(E-mail)"  <reitzd@natfuel.com>, "Jake Hiatt (E-mail)" <hiattj@epenergy.com>,
"James Peterson (E-mail)" <petersonj@natfuel.com>, "Janet Place (E-mail)"
<janet.place@enron.com>, "Janice Alperin (E-mail)"
<janice.alperin@coastalcorp.com>, "Jeffrey Bruner (E-mail)"
<jeff_bruner@iroquois.com>, Joan Dreskin <jdreskin@INGAA.org>, "Judy Neason
(E-mail)" <jneason@wcp.twc.com>, "Keith A. Tiggelaar (E-mail)"
<tiggka@wbip.com>, "Kristine Delkus (E-mail)"
<kristine_delkus@transcanada.com>, "Lenard G. Wright (E-mail)"
<lenardw@qstr.com>, "Marc A. Halbritter (E-mail 2)"
<Marc_A._Halbritter@DOM.com>, "Marsha Palazzi (E-mail)"
<mpalazzi@pge-nw.com>, "Mary Kay Miller (E-mail)" <mkmiller@enron.com>,
"Michael E. McMahon (E-mail)" <mcmaho1m@kochind.com>, "Paul Diehl (E-mail)"
<paul_diehl@iroquois.com>, "Peggy Heeg (E-mail)"  <heegp@epenergy.com>, Penny
Ludwig <Pludwig@INGAA.org>, "Randall Crawford (E-mail)" <rcrawford@eqt.com>,
"Richard J. Kruse (E-mail)" <rkruse@duke-energy.com>, "Richard Smead
(E-mail)" <richard.smead@coastalcorp.com>, "Robert D. Jackson (E-mail)"
<rdjackso@glgt.com>, "Robert Kilmer (E-mail)" <rkilmer@enron.com>, "Rodney E.
Gerik (E-mail)"  <regerik@duke-energy.com>, "Scott Turkington (E-mail)"
<scott.c.turkington@williams.com>, "Shelley Corman (E-mail)"
<Shelley_Corman@enron.com>, "Stephen R. Melton (E-mail)"
<smelton@columbiaenergygroup.com>, "Todd Rushton (E-mail)"
<richard.t.rushton@nspco.com>, "William Grygar (E-mail)"
<wwgrygar@cmsenergy.com>
cc: "Curtis Moffatt Esq. (E-mail)" <jcm@vnf.com>, "David G. Mengebier
(E-mail)" <dgmengebier@cmsenergy.com>, "Denise Simpson (E-mail)"
<dsimpson@reliantenergy.com>, "Marsha Palazzi (E-mail)"
<marsha.palazzi@neg.peg.com>, "Marshia M. Younglund (E-mail)"
<myounglund@wcp.twc.com>, "Michael D. Moore (E-mail)" <moorem@epenergy.com>,
"Nancy Bagot (E-mail)"  <nancy.bagot@enron.com>, "Scott P. Anger (E-mail)"
<scott.anger@coastalcorp.com>, "Sharon J. Royka (E-mail)"
<sjroyka@columbiaenergy.com>, "Steven E. Tillman (E-mail)"
<setillman@duke-energy.com>

Subject: Request to intervene and reply to Indicated Shipper and Dynegy's
Request for Rehearing, Texas Eastern Transmission Corp., Docket No. CP95-
218-003

MEMORANDUM

TO:???? ??????? Regulatory Policy Commission
FROM:?? Joan Dreskin
DATE:?? ??????? January 31, 2001
RE:???? ??????? Request to intervene and reply to Indicated Shipper and
Dynegy's Request for Rehearing, Texas Eastern Transmission Corp., Docket No.
CP95-218-003.

??????? On January 16, Indicated Shippers and Dynegy took rehearing of the
Texas Eastern order that held that pipelines do not need preapproval from
FERC to acquire capacity on other pipelines.? Indicated Shippers and Dynegy
took rehearing on the following grounds: (1) The Commission order is
procedurally defective in that it repeals a Commission regulation, 18 CFR o
284.242, without following a notice and comment rulemaking procedures; (2)
The old Texas Eastern policy has been effective, and has deterred the conduct
it was intended to preclude; (3) The Commission order ignores crucial "rate
impacts" associated with off-system capacity acquisition; and (4) The
Commission's references to the ability of a pipeline acquiring offsystem
capacity to release that capacity under the acquiring pipeline's tariff are
unclear.

??????? Although the Commission's regulations do not provide for answers to
rehearing requests, Dominion and Duke have asked that we intervene and
respond to Indicated Shippers and Dynegy's request for rehearing in order to
help the Commission formulate its decision.? As you may remember from INGAA's
marketing affiliate comments, the Commission's December 14 order has a lot of
excellent language in it, such as statements that holding offsystem capacity
does not favor marketing affiliates, that INGAA wants to support.

??????? If Chairman Hebert wishes to keep his promise to do away with tolling
orders, this rehearing would need to be acted on by Wednesday February 14,
2001.? Accordingly, if INGAA wishes to be heard it must do so quickly.

??????? Please let me know by COB tomorrow whether you support INGAA
responding to Indicated Shippers and Dynegy's request for rehearing.? If you
agree, then I will proceed to get our Board of Directors' approval.


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   2.5%  0.15%  3.75%  4.5%  1.75-2.75%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  October 25, 7:00 PM: EUR/$..0.8922 $/JPY..122.88 GBP/$..1.4247 $/CHF..1.6530  Japanese Forex Trading Preview by Darko Pavlovic  At 7:50:00 PM Japan Sept Retail Sales (exp -2.5%, prev -3.4%) At 7:00:00 PM Japan Sept CPI m/m (exp -0.6%, prev 0.4%) Japan Sept CPI y/y (exp -0.8%, prev -0.7%)  The dollar ended slightly higher against the major currencies after being weighted by weak US data that put in the shade the market disappointment about the ECB decision not to cut rates. The first piece of data that undermined market's confidence in the dollar was the steepest plunge in durable goods orders in nine months to 8.5% m/m in September from the previous 0.5%. The next key indicator that put further downward pressure on the dollar was the greater-than-expected rise in US jobless claims to 504k from the previous revised 496k. The US 4-week average soared to its highest level since March 1991 to 505k in the week of Oct. 20 from the previous revised 493k. Finally toppling the greenback was the 11.7% fall in US existing home sales to 4.89 mln from the previous 5.5 mln. The National Association of Realtors explained that the largest decline in home sales since April 1995 was due primarily to the September 11 attacks. The ECB decision to hold rates steady at 3.75% disappointed markets as some expected a rate cut due to falling inflation in the Euro-zone. Bundesbank head Welteke explained today's decision that the ECB doubted a marginal rate cut would have any significant economic impact, and noted further that a panic reaction by the ECB would create uncertainty  The single currency earlier shrugged off the rise in Italian consumer confidence to 124.3 in October from the previous 121.2. Nonetheless, the ISAE, who conducted the sentiment survey, said "unfavorable expectations are emerging on the general economic situation, on unemployment and on intentions to purchase durables". Initial support is viewed at the 89.0-cent figure, followed by 88.60 and 88.20. Resistance is seen at 89.80, 90.10 and 90.40.  The pound shot up nearly a full cent to a 3-session high of 1.4327 against the dollar on gloomy US economic reports. Markets will tune in to tomorrow's release of Q3 GDP, which is forecasted to grow at 0.4% q/q and 2.0% y/y, indicating that the UK economy is stronger than those of other nations, and the confirmation of such will bolster the pound. Support stands at 1.4230, 1.420 and 1.4160. Upside capped at 1.4330, 1.4350 and 1.4387.  The yen recovered against the dollar after falling to a 11-week low of 123.36 against, due to comments from Japan's Vice Minister for International Affairs Kuroda who said that a yen appreciation would be completely inconsistent with fundamentals, as well as doubts that the Japanese government could cap its new government bond issuances below 30 trln yen by slashing spending in FY 2002 since revenues were declining. The BoJ Governor Hayami said that central bank's policy board outlook and risk assessment of the economy and prices, which are due next Tuesday, will include the fiscal 01 and 02 outlooks. The central bank started releasing six-month outlooks in October 2000. Hayami also noted that Japan is not deflationary spiral but stressed that in order to prevent a prolonged fall in prices the key is boosting private demand and progress in structural reforms. Finance Minister Shiokawa said that in order to keep new issuance of govt. bonds from rising above 30 trln yen there has to be steeper cuts in fiscal 2002 budget. Although the approval rate for PM Koizumi is still holding around 80% the criticism from his own LDP party and dissatisfaction about the proposed economic reforms is raising. Some fraction leaders including ex PM Hashimoto are unhappy with govt. proposed plan to curb bond issuance to 30 trln yen and the way how PM is handling the campaign for structural reforms. Resistance is eyed at 122.90 and 123.35 and 123.65. Support holds at 122.32, 122.0 and 121.60.   The major indicators due from the US this week include new home sales and the final October University of Michigan Confidence Survey, which is forecasted to wane further to 82.7 from the preliminary October reading of 83.4 because of anxieties about the US' economic woes and terrorism.    	[IMAGE] Audio Mkt. Analysis USD Retraces Losses on Stock Market Rebound       Articles & Ideas  Speculative Flows Point to Further Euro Losses   ECB KEEPS RATES UNCHANGED AT 3.75%       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
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Paul,

If you are coming to Houston for bidweek would you give my group a quick
presentation on future rockies expansions?  Please let me know and I will set
up a conference room if you can do it.

Thanks
Hunter


paul lucci.  he is the old guy i hang out with sometimes.


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/13/2000
12:06 PM ---------------------------

David Minns@ENRON_DEVELOPMENT
04/12/2000 05:30 PM
To: Sara Shackleton@ECT
cc:
Subject: Contact Details & Re: About to trade Weather on Thursday

---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on
04/13/2000 09:32 AM ---------------------------

Raymond Yeow
04/13/2000 09:15 AM
To: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Tawney@ECT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Contact Details & Re: About to trade Weather on Thursday

Dear Heidi,

Paul Quilkey  is at Allen Center x 67939 c/o Ann Brown & Hyatt Room 2616
Christian & I are at EB level 32, you can call us on x 33238 c/o  Lucy Ortiz.
I am Hyatt room 2726.

thx very much to David & Heidi for the prompt reply,
looking like have  ENA transact with say SG usa,
then for the portion of Sydney risk, En Aust transacts with ENA
for same % of premium & risk.

Thx,  Raymond  12 april

Heidi Mason
04/13/2000 08:35 AM
To: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Tawney@ECT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: About to trade Weather on Thursday

Raymond

I am meeting with Susan Musch (APACHI's tax expert) and we will get back to
you on the tax issues. Immediately I can tell you that back to back deals
(with no spread) will not work. This raises transfer pricing issues. If the
deal is SocGen on Melbourne temperatures, why is the counterparty not SocGen
Aust? Is the deal pure trading, or is it being done to hedge a real exposure
for Soc Gen. If the deal is being treated in any way as 'insurance' there can
be issues with the cross border nature.

I am in 2014 in 3AC if you are around and want to chat about it tonight.

Heidi

Raymond Yeow
13/04/2000 08:24
To: David Minns/ENRON_DEVELOPMENT
cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Tawney@ECT, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: About to trade Weather on Thursday

Dear David,

We are about to do a weather trade with SocGen or Aquila on Melbourne
temperature
Expected trade date is Thursday - 13 April.
Steven Vu, Head Weather trader in Houston will transact with above thru a
broker in US.

Premium approx 700k AUD.

What is the best way in terms of regulations and tax - assume limits in place
!
Houston is to take a  portion of the deal too.

(a) ENA trades with SG USA, then back to back transact between ENA & En Aust ?

(b) ENA trades with SG USA, then gives p&L to  En Aust ?
can this P&L be real income or shadow only ?

(c) En Aust trades with SG Usa ( thru Oz arm of US broker or thru US broker)

or any other suggestions ???

Pls revert :o)
Thx,  Raymond
12 April


If at all possible, I would really appreciate postponing the tax discussion
until your next swap group meeting, which I think is in 2 weeks.  I have
other projects that I have to work on tonight and will not get the
opportunity to prepare a presentation for the group before the meeting.  I
really appreciate your asking me to speak to the group and also (hopefully)
your understanding and patience in postponing the tax discussion.

Best regards,
Susan

 -----Original Message-----
From:  Shackleton, Sara
Sent: Tuesday, March 20, 2001 6:18 PM
To: Musch, Susan
Subject: Copy of ISDA Schedule (internal "form")

Susan:  This may look confusing!  It contains all of our "choices" for
preparing the documents.  See Part 2 (Tax Reps) and the end of the document
which has our "choices" of tax forms.

I thought it might be helpful to be very basic about withholding issues,
etc., why we need the tax reps, and what questions we could ask upfront about
a party that would help us select an appropriate tax module.  We tend to not
"think" and expect a party "fill in the blank" when we are preparing draft
documents.

 << File: isda-schedule(multicurrency02-14-01).doc >>

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


Here you go.  Let us know if there are any problems.


Do you have a fax no?  I could fax them to you...


Here is the latest on timetable on Gallup.  Susan, please get your edits on
the draft to Donna and me by tomorrow.  (call me if you need more guidance on
what I have in mind).   Donna or Keith, please let me know what additioonal
information you are waiting on and what the likely timetable for filing is.
Also, Keith, what was the answer from ops/planning on whether unloading the
20,000 of fuel from the San Juan would help with more flexibility or
capacity?  If you haven't been able to get a meaningful answer, let me know
who to call and I'll try.
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/19/2000
09:12 AM ---------------------------

	From:  Drew Fossum                           12/19/2000 09:14 AM

To: Stanley Horton/Corp/Enron@Enron
cc: Danny McCarty/ET&S@Enron ., Phil Lowry/OTS/Enron@ENRON, Steven
Harris/ET&S/Enron@Enron, Mary Kay Miller/ET&S/Enron@ENRON

Subject: Re: Gallup Mods

I agree with Danny's email that the key timetable issue for the incremental
10,000/day appears to be lead time on fabrication and delivery of the
15,000hp motor.  It was my understanding that the long lead time items were
going to be ordered shortly (if they haven't been already) and that we'd take
the financial risk.  If that is our approach, the regulatory approvals won't
be the critical path item they usually are.  I've reviewed the FERC
application and we should be able to file it shortly, perhaps with a request
for temporary emergency certification if we decide that would expedite
things.  Additionally, we are looking at transactions that would allow us to
avoid physically hauling the 20,000/day of fuel down the San Juan lateral.
If we could unload our fuel requirement from the San Juan, the additional
horsepower at Gallup might provide some additional flexibility or additional
capacity.   I'll talk to Steve today to make sure we are doing everything
possible to expedite these efforts.  DF

Stanley Horton
12/19/2000 07:25 AM
To: Danny McCarty/ET&S@Enron .
cc: Drew Fossum/ET&S/Enron@ENRON, Phil Lowry/OTS/Enron@ENRON

Subject: Re: Gallup Mods

I believe that Phil Lowry is looking at ways to get some additional capacity
out of the system as well.  We want to expedite these efforts too..  I would
like to see an application filed filed by January 31st to get 30 to 50
MMCF/D.

Steve Harris and Phil Lowry should have the lead to get this done.  I am
willing to construct at risk but want to see the financials as well.


Any suggestions?  I want to get this out today, so please provide thoughts
asap.  Thanks


I should let you know that the GTCs are identical for both products with the
exception of the Name of the product. I will follow up with you next week
about the GTC
Thanks
jr
---------------------- Forwarded by Justin Rostant/HOU/ECT on 03/30/2001
05:40 PM ---------------------------

From:  Justin Rostant
    03/30/2001 11:19 AM

To: Mark Taylor/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: GTC for External FX products

Mark, we are trying to have everything completed so we could launch this
product to go live on April 9th. Sara has already given us the approval on
the GTCs for these FX products for external counterparties. The products do
not have names as yet, but the FX team is working on it. Can you go ahead and
review the GTC's for these products in the mean time and I will contact you
with the names of the products as soon as we get them.
Thanks
jr

---------------------- Forwarded by Justin Rostant/HOU/ECT on 03/29/2001
04:49 PM ---------------------------
From: Sara Shackleton on 03/29/2001 10:09 AM
To: William Stuart/HOU/ECT@ECT, Justin Rostant/HOU/ECT@ECT, Susan
Musch/Enron@EnronXGate
cc:
Subject: attachments

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


As part of Enron Industrial Market's (EIM) move into the Pulp, Paper and
Steel markets, our European effort is well underway. Our markets are global
in nature and we believe we need a strong presence in Europe to penetrate
that market effectively. Accordingly, we are pleased to announce that Bruce
Garner has been appointed President and Chief Executive Officer of Enron
Industrial Markets - Europe. In this role, Bruce will be responsible for all
activities for EIM in the European market.

Please join us in congratulating Bruce in his new position.


Who knows if this is true or not, but it is bizarre.
__________________________________________________________
Subject: Darwinian Kharma, Very weird  (A true story from Associated
Press,
by Kurt Westervelt)

Stick with this.....it's worth it!  This is the strangest thing I've ever
heard.  The series of events that had to have taken place in order for
this
to happen are astounding!  At the 1994 annual awards dinner given for
Forensic Science, AAFS president Dr. Don Harper Mills astounded his
audience
with the legal complications of a bizarre death:  On March 23, 1994, the
medical examiner viewed the body of Ronald Opus and concluded that he
died
from a shotgun wound to the head.  Mr. Opus had jumped from the top of a
ten-story building intending to commit suicide.  He left a note to that
effect indicating his despondency.  As he fell past the ninth floor his
life
was interrupted by a shotgun blast passing through a window which killed
him
instantly.  Neither the shooter nor the dead man was aware that a safety
net
had been installed just below at the eighth floor level to protect some
building workers and that Ronald Opus would not have been able to
complete
his suicide the way he planned.  "Ordinarily," Dr. Mills continued, "A
person who sets out to commit suicide and ultimately succeeds even though
the mechanism might not be what he intended" is still defined as
committing
suicide.  That Mr. Opus was shot during what would apparently have been
an
unsuccessful suicide attempt because of the safety net, caused the
medical
examiner to feel that he had a homicide on his hands.  The room on the
ninth
floor where the shotgun blast emanated was occupied by an elderly man and
his wife.  They were arguing vigorously, and he was threatening her with
a
shotgun.  The man was so upset when he pulled the trigger that he
completely
missed his wife and the pellets went through the window striking Mr. Opus
as
he passed by outside.  When someone, intending to kill person "A," kills
person "B" instead; someone is still guilty of murder.  When confronted
with
a murder charge the old man and his wife were both adamant; they both
said
they thought the shotgun was unloaded.  The old man said it was his
long-standing habit to threaten his wife with the unloaded shotgun.  He
had
no intention to murder her.  Therefore, the killing of Mr. Opus appeared
to
be an accident; that is, the gun had been accidentally loaded.  The
continuing investigation turned up a witness who saw the old couple's son
loading the shotgun about six weeks prior to the fatal accident.  It
transpired that the old lady had cut off her son's financial support and
the
son, knowing the propensity of his father to use the shotgun
threateningly,
loaded the gun with the expectation that his father would shoot his
mother.
The case now reverts back to one of murder on the part of the son.  Now
comes the final twist!  Further investigation revealed that the couple's
son
was in fact, Ronald Opus.  He had become increasingly despondent over his
failed attempt to engineer his mother's murder.  This led him to jump off
the ten-story building on March 23rd, only to be killed by the shotgun
blast
passing through the ninth floor window.  The son had actually murdered
himself so the medical examiner closed the case and declared it a
suicide.


The DPR for 11/30/01 is now complete and has been published to the ERV.

For the last few days, the production of the DPR has been put on hold due to the increased activity around terminations.  Positions and VAR for the DPR will start to be produced for trading day 12/10/01 and we are planning to produce a full DPR (inclusive of P&L) on a weekly basis.

Please call if you have any questions.

Best regards

Shona Wilson
Director, Global Risk Operations
X39123


Executive Summary
California Treasurer Angelides Sets Dates for Bridge Loans & Bonds
California's Supreme Court May See Challenge to "Plan B"

Angelides on Bridge Loans and Bonds
CA Treasurer Angelides has said that beginning 15 August, the state will set up a bridge loan.  The revenue bonds will not be issued until September or October.  Angelides is not concerned about a cash crisis in July or August.  However, he is quite worried about problems with cash flow in October and November.  This is based on calculations he has done with numbers from the DWR and from other parts of the government, not on payment terms for power.  He fears there will be a cash management problem.

California Supreme Court to Challenge "Plan B"
California Attorney Michael Sturmwasser is expected to challenge "Plan B" before the California Supreme Court on the basis that it results in a retroactive rate increase and that it removes the PUC's authority to review power purchases.  This is because "Plan B" enables SoCal to collect a dedicated rate component to pay both its undercollect and its expenses going forward.  SoCal (and PG&E) would have to be guaranteed this dedicated rate component to be able to operate going forward and remain credit-worthy.  This takes the burden of financing the energy crisis away from the state and off the state's balance sheet, a key goal of lawmakers.  However, at the same time, it also abrogates the PUC from its responsibility to review power purchases.  The state cannot give the utilities a blank check (in the form of a dedicated rate component) to operate without taking authority away from the PUC.  According to the California constitution, the legislature can add to the responsibilities of the PUC, but it cannot take away powers from the PUC.  At the same time, ratepayers will be paying an additional surcharge for power that they have already used.  Sources describe Sturmwasser's case as "arguable"; in other words, it has a fair chance of succeeding.  However, regardless of whether the challenge succeeds or fails, it is very likely to cloud the issue of the bail-out and significantly deflate the prospects of the Plan B.

If FERC were to impose cost-based controls on power prices, sources believe it might "go a long way toward avoiding these problems."  Were this to happen, the PUC could declare FERC's rates "just and reasonable," which would likely greatly lessen the crisis and keep SoCal liquid.  However, such measures by FERC require significant lead time.  Sources state that "the state needs to tease the feds into doing this."  This can be done by conducting studies to obtain current cost data and update the data FERC would use for determining the cost controls.  Sources report that this process of "teasing" FERC has not yet started.  This is chiefly because California politicians are focused on flat price caps, which FERC is very unlikely to impose.  It appears the state is asking FERC for the wrong measures, which is delaying the process.  The only way for the state to avoid these constitutional issues would be for the state to purchase the utilities, as municipal entities would not be subject to PUC regulation.  However, there remains very significant opposition to this idea, especially on the Republican side.  A state purchase of the utilities would likely only gain momentum once Plan B began to fail for the reasons cited above.  Additionally, a state purchase of the utilities would be less expensive were both utilities in bankruptcy.

Sturmwasser is a partner at Sturmwasser & Woocher, a Santa Monica law firm.  (His offices are on the top floor of the tallest building in Santa Monica, overlooking the beach.)  He has been a utilities lawyer for over 30 years.  His clients include the consumer advocacy group TURN (Toward Utilities Rate Normalcy), among others.  Sturmwasser will reportedly look for funding to support the legal challenge, but if he cannot find money elsewhere, he will likely be able to support it out of his own pocket.


The following is a list of users who need access to EMW calcs:
Victor Guggenheim - vguggen
Bruce Mills - bmills
Phillip Love - plove

Thanks for your help.
PL


Ranendra:  I have been asked to begin the visa process for the above
individual, located in India.

I believe Mr. Shrivastava has been working as Assistant Manager with Enron
since May 10, 1998.  If this is correct, we will be able to bring him into
the US on an L1 intracompany visa under the Blanklet L for Enron.

Can you please let me have an email address for him so that I can send him
the required visa questionnaire to begin the process.

Many thanks
Margaret
713-345-5083


Note Chicago - Hong Kong rtn for $475.
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
03/11/99 08:52 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  United E-Fares <united-efares@itn.net>
03/10/99 11:02 PM

Please respond to United E-Fares <united-efares-reply@itn.net>
To: United.E-Fares.Guests@bogons.itn.net
cc:  (bcc: Mark - ECT Legal Taylor/HOU/ECT)
Subject: United Airlines International E-Fares

                       UNITED INTERNATIONAL E-FARES

This is a post only e-mail.  Please do not reply.

Thank you for subscribing to United's E-Fares (sm).  E-Fares are one of
the easiest ways for you to save on United Airlines flights.  Simply browse
the list below, then go to http://www.ual.com/ for valid flights, times and
to purchase your tickets online.  If your e-mail is Internet compatible,
just click the hyperlink to access our website.

To remove your name from our mailing list, log-on to E-fares, at
http://www.ual.com.  Click on E-Fares in the Shortcuts drop down list.  Log
on to United Connection on the Web, click on your name next to Traveler ID:,
then on User Profile and make the change in the Email section of your
Personal Information.

See E-Fares Facts below for additional conditions and restrictions.

        Departure City              Destination City           Roundtrip Fare

        Latin America E-Fares: United Economy

        Miami (MIA)                 Rio De Janeiro (GIG)       426.00
        Miami (MIA)                 Sao Paulo (GRU)            479.00
        New York (JFK)              Buenos Aires (EZE)         479.00
        New York (JFK)              Caracas (CCS)              264.00
        New York (JFK)              Sao Paulo (GRU)            496.00

        Pacific E-Fares: United Economy

        Boston (BOS)                Hong Kong (HKG)            525.00
        Chicago (ORD)               Hong Kong (HKG)            475.00
        Chicago (ORD)               Tokyo (NRT)                595.00
        Los Angeles (LAX)           Auckland (AKL)             785.00
        Los Angeles (LAX)           Hong Kong (HKG)            425.00
        Los Angeles (LAX)           Singapore (SIN)            525.00
        Los Angeles (LAX)           Sydney (SYD)               875.00
        Los Angeles (LAX)           Tokyo (NRT)                475.00
        New York (JFK)              Hong Kong (HKG)            525.00
        San Francisco (SFO)          (BJS)                     800.00
        San Francisco (SFO)         Shanghai (SHA)             800.00
        San Francisco (SFO)         Sydney (SYD)               875.00
        San Francisco (SFO)         Taipei (TPE)               425.00
        San Francisco (SFO)         Tokyo (NRT)                475.00
        Seattle (SEA)               Tokyo (NRT)                475.00

International E-Fare Facts

E-Fares are only valid for round-trip travel on United Airlines, and are
restricted to the flights and dates indicated.  One-way travel, stopovers,
and standby travel are not permitted.

E-Fares are valid only for travel originating in the city or cities indicated.

International E-Fares are not eligible for any type of upgrade to a
higher class of service.

It is the passenger's responsibility to be in possession of all necessary
documentation for the destination country (valid passport, visa, etc.) at
the time of departure. United reserves the right to deny boarding to
passengers without the proper documentation.

Seats are limited and may not be available on all flights/dates. Offer is
for a very limited time and is subject to change without notice.
Reservations must be made using United's website at least one day
prior to travel. Tickets require immediate purchase by credit card when
reservations are made. Ticketing will be electronic (E-Ticket) where
applicable. Otherwise tickets must be picked up at a United Airlines
City Ticket Office or at an airport location within 48 hours of making
the reservations or on the day of departure, whichever is earlier. Credit
card owner must be present to show the credit card used to purchase
the ticket as well as a valid picture ID.

Tickets are non-refundable, but a wholly unused ticket may be applied
toward future travel on United Airlines for a USD 75 service fee.
E-Fares are only available for travel on or after the date of purchase
and will not be honored retroactively or in conjunction with the
exchange of any wholly or partially unused ticket.

Changes to flight date, flight number and routing are not permitted. In
the event of a flight cancellation, customers will, at United's option,
either be re-accommodated on another United flight or be issued a
refund, but will not be accommodated on another airline's flights.

International fares may be subject to government approval.

Fares are subject to U.S. departure, agricultural, immigrations, customs
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countries, additional airport, transportation, embarkation, security, duty,
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USD 35 will apply depending on the destination and may vary slightly
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return travel from some countries, fares do not include airport and/or
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Fares do not include Passenger Facility Charges of up to $12 per
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Fares cannot be combined with any other United Airlines or other
airlines' discount, coupon, or promotional offers.

                             ?1999 United Airlines
                          ?1999 Internet Travel Network


Enron as the buyer or seller?  I have an Enron as the seller (kind of a weird
deal, but at least it has most of the issues), but I can check around to see
what else is on the network.

Kay

Andrew Ralston@EES
04/12/2001 04:07 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re:

How about a Power Purchase Agreement.

Andrew

Kay Mann@ENRON
04/12/2001 02:56 PM
To: Andrew Ralston/HOU/EES@EES
cc:
Subject: Re:

I'll look but nothing comes to mind.

Andrew Ralston@EES
04/12/2001 01:42 PM
To: kay.mann@enron.com
cc:

Subject:

Kay

Do you have a form of term sheet outlining the terms and conditions of a
Power Purchase Agreement.

AR


- mom2.JPG


The following is a brief summary of the status of our current SCADA
capabilities on the Lost Creek pipeline:

 Madden West
MDS Radio installed and functioning properly
polling pressure and flow data correctly
chromatograph appears to be functioning correctly
setpoint capabilities have not yet been tested.  We will need to have a field
operator present on-site before performing this test.
EFM data collection is being configured to correspond to ROCLINK, rather than
our standard Enron MODBUS load, that is installed on the ROC
polling H2S and H2O levels, but correct registers have not been verified yet

Fred Novotny
MDS radio installed and functioning properly
polling pressure and flow data correctly
chromatograph appears to be functioning correctly
setpoint capabilities have not yet been tested.  We will need to have a field
operator present on-site before performing this test
EFM data collection is being configured to correspond to ROCLINK, rather than
our standard Enron MODBUS load, that is installed on the ROC
polling H2S and H2O levels, but correct registers have not been verified yet

Keith Baker
MDS radio installed and was functioning properly
lost communications with this site yesterday.  Elkhorn has been notified and
will have someone onsite today to inspect the ROC and comm package.  In
addition, I requested that the dispatched person take a laptop along to
assist our IT group in confirming the register configuration on the RTU so
that we can verify that we have correct H2S and H2O level readings at all of
our meters.
setpoint capabilities have not been tested.  We will need to have a field
operator present on-site before perfoming this test
EFM data collection is being configured to correspond to ROCLINK, rather than
our standard Enron MODBUS load, that is installed on the ROC

Lysite Production Office
MDS master radio and omnidirectional antenna installed and functioning
properly
UPS system installed
POTS service to Paneltec installed and functioning
CDPD service on hold awaiting decisions regarding 20/20

Lost Creek Plant Inlet
POTS service to ROC installed and functioning
polling pressure and flow data correctly
chromatograph appears to be functioning properly
setpoint capabilities have not been tested.  This ROC controls inlet flow by
modifying suction pressure on the C-101 compressor unit, so it appears that
it must be tested with the unit operating and personnel on-site

Lost Creek Plant Delta V
Developing screens for Gas Control to view plant operations
Have not installed Paneltec and RS-232 cable to enable polling at this time

CIG/WIC Interconnect Meters
CIG/WIC Access agreement has gone through Enron legal, but is being reviewed
by Insurance at this time
Once this has been approved, we have to have CIG/WIC agree to the new
document to grant us access to the site
Will have to construct new RTU building and install power, UPS, RTU, MDS
radio and antenna at site to enable polling

Lost Creek Plant Aux Control Bldg.
Have not moved primary polling of all devices into the Aux. Control Bldg.
Awaiting 20/20 decisions to determine routing and place order for 56K
dedicated line to site
Once clearance is granted, we will need to order and install a xyplex and hub
in building.
Assuming that we go with CDPD coverage at the north end of the system, this
will serve as the collation point for all incoming/outgoing SCADA traffic via
the 56K line
Tower and antenna to be installed on site to enable polling of the CIG/WIC RTU

Sand Draw
We have good cellular coverage at this site, and wish to use cellular service
to poll this RTU
Because RTU is in a Class 1, Div. 2 area, trying to locate a compliant
cellular package or go with cellular package capable of operating under WY
winter and summer temperature conditions that can be installed external to
the meter building

Beaver Creek
This site is on hold with regard to SCADA polling at this time

If you have questions regarding this summary, please contact me at x36530.

Regards,
Chris Sonneborn
ENA Upstream Services
Facility Planning


Gerald:
   Please review the reply from  Mojave regarding "our" standard GISB TPA.  Please comment.

   Thanks

   Shane

 -----Original Message-----
From: 	"Flores, Karen" <Karen.Flores@ElPaso.com>@ENRON [mailto:IMCEANOTES-+22Flores+2C+20Karen+22+20+3CKaren+2EFlores+40ElPaso+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 20, 2001 12:10 PM
To:	'slakho@enron.com'
Subject:	FW: GISB TPA for ENRON

Shane,
	Please clarify the intent of the requested change to section 5.

Thanks,
Karen

>  -----Original Message-----
> From: 	Pena, Carlos F.
> Sent:	Monday, August 20, 2001 9:15 AM
> To:	Flores, Karen
> Subject:	RE: GISB TPA for ENRON
>
> Karen regarding the Enron changes hilited in red at the end of the
> exhibits - I have no problem with them since Mojave is already disclaiming
> liability in the paragraph just below... However, I can't speak to the
> changes in section 5 regarding the standards that may be set forth in data
> dictionaries...etc. taking precedence over industry standards in the event
> of a conflict...  Since I don't know what might type of information is in
> them and whether the parties have to first agree on any changes to them...
> I would think that such agreement would have to take place first...  Could
> Enron unilaterally change that information and try to force Mojave to
> follow suit ? Conversely, would Mojave want to modify its EDI from the
> industry standard?
>
> I'll get back to you on the other issue in just a bit...
>
> Carlos.
>  -----Original Message-----
> From: 	Flores, Karen
> Sent:	Monday, July 09, 2001 10:58 AM
> To:	Pena, Carlos F.
> Subject:	GISB TPA for ENRON
>
> Carlos,
> 	Let me know if you approve of ENRON's additions to the TPA
> highlighted in red in the attached document for section 5 Standards and
> Industry Guidelines:  and section 7 Terms and Conditions:  . If so, I'll
> forward a copy for your initials.
>
> Thanks.
> Karen
>
> -----Original Message-----
> From: Shahnaz.Lakho@enron.com [mailto:Shahnaz.Lakho@enron.com]
> Sent: Thursday, July 05, 2001 4:34 PM
> To: Flores, Karen; slakho@enron.com
> Subject: RE: gisb
>
>
>
>      Karen:
>
>     I have made our changes in red.   I have corrected our Duns number and
> contact info.
>    I am assuming that you will fill in the exhibits as applicable.
>
>     Call me if you have any questions.
>
>
>      (See attached file: Std_GISB_Mojave_Enron.doc)
>
>
>     Thanks
>
>
>      Shane
>
>
>     -----Original Message-----
>    From:   "Flores, Karen" <Karen.Flores@ElPaso.com>@ENRON
>
> [mailto:IMCEANOTES-+22Flores+2C+20Karen+22+20+3CKaren+2EFlores+40ElPaso+2E
> com+3E+40ENRON@ENRON.com]
>
>
>    Sent:   Thursday, July 05, 2001 10:40 AM
>    To:     'slakho@enron.com'
>    Subject:  gisb
>
>     <<Std_GISB_Mojave_Enron.doc>>
>
>    Karen Flores
>    713.420.2525
>    713.420.1118 - fax
>    karen.flores@elpaso.com
>
>
>
>    ******************************************************************
>    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.
>    ******************************************************************
>
>     - Std_GISB_Mojave_Enron.doc << File: Std_GISB_Mojave_Enron.doc >> <<
> File: Std_GISB_Mojave_Enron.doc >>

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


Enron in Action can be accessed through the new Community Relations web site at http://cr.enron.com/eia.html .  In this week's issue you will find out information regarding:

Enron Happenings
Enron's Operation Hope: Reclaiming Our Future One Step at a Time
Juvenile Diabetes Research Foundation "Walk to Cure Diabetes"
Quality of Life Coalition - Houston
American Heart Association "Heart Walk"
Museum of Fine Arts 2001 - 2002 Membership Drive

Enron Volunteer Opportunities
Assemble Care Packages for New York Firefighters
Sunshine Kids at Astroworld!
Justice for Children
Assist PSI HomeSavers with Home Repair
MD Anderson Cancer Center - Children's Art Project

Enron Wellness
2001 - 2002 Flu Immunization Program
Help us help others. Call and schedule a massage today!
Join The Downtown Club at The Met

Involved Employees
Rice University Young Alumni Halloween Monster Bash
Par "Fore" Pets Golf Tournament

In addition, Enron in Action is available through a channel on my.home.enron.com.  To add this channel to your set-up click on the channels link at the top of the screen and under announcements check the Enron in Action box.

If you wish to add an announcement to Enron in Action, please fill out the attached form below and submit it to mailto:eia@enron.com no later than 12 PM Thursday each week.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
04:42 PM ---------------------------

Shirley Crenshaw
03/19/2001 01:36 PM
To: ludkam@aol.com
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Vince's Itinerary - 3-20-01 to 3-23-01

Hi Ludmilla:

Attached is Vince's itinerary to London the 20th - 23rd.

Shirley


I'm not sure I would give a list of topics (I'd hate to see what would come of the PRC video!).  Perhaps we should just suggest a general theme which would be consistent with the forward-looking thrust of the conference -- e.g. a challenge we currently face or will have to overcome to get where we want to go.

 -----Original Message-----
From: 	James, Terrie
Sent:	Tuesday, September 18, 2001 5:34 PM
To:	Kean, Steven J.; Olson, Cindy
Subject:	FW: Enron Management Conference - Home Video Project

Steve and Cindy,

Below is the message I'm intending to send out to the business units about the Management Conference "Home Video" project.  I wanted to be sure you were both comfortable with the direction I'm providing and the topics being proposed.  (Of course, I'm allowing the businesses to generate their own as well.)

As for who is to receive the "challenge," here's a potential list:
Enron Corp.: Rick Causey, Andy Fastow, Mark Frevert, Steve Kean, Mark Koenig, Ken Lay, Greg Whalley
EES: Dave Delainey, Janet Dietrich
ETS: Stan Horton, Dan McCarty
Industrial Markets: Jeff McMahon, Ray Bowen
Enron Europe: John Sherriff, Michael Brown
Enron Broadband:  Jim Fallon, Rich DiMichelle
Enron Americas: John Lavorato, Louise Kitchen
Global Markets: Mike McConnell, Jeff Shankman
Enron Net Works: Greg Piper, Sally Beck

(I also intend to cc the memo to all the communication people: Mark Palmer, Gina Taylor, Kal Shah, Eric Thode, Beth Tilney, John Ambler, and me.)

Let me know if you have any changes or comments.  To allow plenty of time to produce these videos, I hope to get this memo out later this week.

 -----Original Message-----
From: 	James, Terrie
Sent:	Thursday, September 13, 2001 5:35 PM
To:	James, Terrie; Clark, Mary
Subject:	Enron Management Conference - Home Video Project

The Enron Management Conference will be held Wednesday through Friday, November 14-16, 2001, at the Westin La Cantera Resort in San Antonio.  While the business agenda is still being finalized, there is one thing that is certain ... we want to inject some humor into the event.  The past year has been eventful, and at times challenging, for Enron and its employees.  However, it's not in Enron's corporate fabric to focus on the past.  Instead, we want to look ahead, ane even poke fun and laugh at ourselves.  The Management Conference will provide a platform for just that.

We want to challenge each of the business units to develop and submit a humorous "Home Video" to be presented at the Management Conference.  The video can address any Enron-related topic that your business unit chooses.  Some ideas include:
Accounting Procedures
Cost Cutting
Deal Making
Innovation
Management Changes
PRC
Public Relations
Reorganizations
Stock Price
Trading/Traders

There are a few rules to follow.
1.) The videos should be no more than five minutes long.
2.) Business units should spend as little as possible on the videos, and no more than $10,000.  Innovision Communications (Beth Stier) has agreed to work with any business unit to help them create an original, inexpensive video.  Innovision can be contacted at 713-446-4424.
3.) The videos should be fun, but not disparaging.  They should adhere to Enron's values of respect, integrity, communication and excellence.
4.)  By Monday, October 15, business units need to notify me of their intentions to submit a video.  To avoid duplication, business units will also need to identify a topic they intend to address.
5.) To ensure inclusion in the Management Conference agenda, videos need to be submitted to me by Friday, November 9.
6.)  Awards will be granted for creativity and humor.  The first annual, and soon-to-be-coveted, "Enny" will also be awarded for "Best Overall Video."

If you have any questions about the "Home Video" project, please contact myself or Mary Clark.  Good luck and happy filming!

Terrie James
ph. 713-853-7727
terrie.james@enron.com

Mary Clark
ph. 713-853-7325
mary.clark@enron.com

Terrie James
Senior Director, Public Relations
Enron Broadband Services
(ph) 713.853.7727
(fax) 713.646.3248
terrie.james@enron.com


---------------------- Forwarded by Tana Jones/HOU/ECT on 10/14/99 02:39 PM
---------------------------

Marie Heard on 10/13/99 03:32:26 PM
To: Tana Jones/HOU/ECT@ECT, anne_heard@ryderscott.com
cc:
Subject: FW: FOR YOU CAT LOVERS

---------------------- Forwarded by Marie Heard/HOU/ECT on 10/13/99 03:31 PM
---------------------------

	From:  Genia FitzGerald                           10/13/99 02:54 PM

To: Marie Heard/HOU/ECT@ECT
cc:
Subject: FW: FOR YOU CAT LOVERS

---------------------- Forwarded by Genia FitzGerald/HOU/ECT on 10/13/99
02:53 PM ---------------------------

Rhonda L Denton
10/13/99 02:44 PM
To: Genia FitzGerald/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Laura
Dewett/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Veronica
Gonzalez/HOU/ECT@ECT, Amy Degeyter/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT, Kim
S Theriot/HOU/ECT@ECT, Stephanie Piwetz/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT,
Susan Bulgawicz/EPSC/HOU/ECT@ECT, Thresa A Allen/HOU/ECT@ECT
cc:
Subject: FW: FOR YOU CAT LOVERS

This is great.....  After it opens you can stop the cat by clicking on the
cat then exit.  We did not know and the cat just kept on appearing in our
screen.  Mine is saved to my desk top so I have a cat wandering around on my
banner screen.

 - Felix21.exe


Attached are the latest versions.  Call me if you have any questions (713)
853-3512.


FYI.
---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on
05/16/2000 02:03 AM ---------------------------

Jose Bestard
05/15/2000 09:59 AM
To: ESA Excom
cc: Denise M Macedo/ENRON_DEVELOPMENT, "Luiz Sergio Assad"
<assad@elektro.com.br>, Lindolfo Ernesto Paixao/ENRON_DEVELOPMENT, Luiz
Maurer/ENRON_DEVELOPMENT, Mike G Smith/ENRON_DEVELOPMENT, Valeria
Lima/ENRON_DEVELOPMENT, Richard Shapiro@EES

Subject: FYI - Institute of Americas Presentation


Shirley,

Expense checks:

$6,1101.01
$579.69
$624.34

Vince


Here is your free NELawExpress containing Court of Appeals opinions for the week of October 16, 2001.

http://www.nebar.com/nelawexpress/courtofappealsjournals/coaoct16.htm

If you do not wish to receive this service, please reply to this message and type "unsubscribe" in the subject line.

The Nebraska State Bar Association will e-mail frequently to keep you informed. E-mail allows members to receive timely notices and reduces postage and printing costs.  We will be judicious in use of the technology.  At the present time, we will e-mail the NELawExpress, legislative updates and CLE notices.  If you do not wish to receive e-mail from the NSBA, you may notify the NSBA office.  If you are removed from the e-mail system, you will also be removed from print notification of events.


We need to run a little project over the next week or so.

I think it is time that you have someone inventory all the projects you have going in your group, sit down and go over them with me and then you and I make sure they still have support from a business unit or make sense at all.  Some of them involve IT resources and some don't.

I just want to take a breath for a moment and make sure every project you are doing (outside the daily operations that are so critical) is necessary and still has a sponsor at a business unit.  If not, we can stop several side projects and focus on the critical ones, save some money and make sure we get the 5 to 10 things that absolutely have to be done completed.

Your thoughts?

GP


The following reports have been waiting for your approval for more than 4 days.  Please review.

Owner: David Fuller
Report Name: DF10.04.01
Days In Mgr. Queue: 4


Vince,

I just wanted to keep you informed - I have not received a contract from D-G
Energy Systems yet.  They had said they would send it last weekend but it
never came.  I sent Helyette Geman an e-mail yesterday asking the status but
she has not responded yet.

Karla


Can we move lunch to Wednesday?


No, The canadian contract is only for canadian business.  I do not recall the
assignment when El Paso and the Canadian group split, however, I do no want
to allow the canadian agreement to be used for U S business.

	Bridgette Anderson@ENRON
	02/21/2001 03:58 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: El Paso Merchant Energy, L.P. - Question#2

No, maybe I am missing something.  Unless I am reading this incorrectly El
Paso Merchant Energy Canada Inc. assigned all assests and contracts to El
Paso Merchant Energy, L.P. effective 12/31/00, therefore assigning K#96054452
(10/1/00).  My line of thinking is that we will still have two masters for El
Paso.  Also, since the master was written to cover Canadian business wouldn't
it make this K a little broader for all transactions?

Dan J Hyvl@ECT
02/21/2001 03:39 PM
To: Bridgette Anderson/Corp/Enron@ENRON
cc:

Subject: Re: El Paso Merchant Energy, L.P. - Question#2

No, They are with two separate entities which each need to stay in place.  Am
I missing something?

	Bridgette Anderson@ENRON
	02/21/2001 03:17 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: El Paso Merchant Energy, L.P. - Question#2

So, would you advise terminating the 10/1/00 agreement effective 3/1/01?  If
the answer is yes, would we need to send out an letter advising of our
actions?

Dan J Hyvl@ECT
02/21/2001 03:08 PM
To: Bridgette Anderson/Corp/Enron@ENRON
cc:

Subject: Re: El Paso Merchant Energy, L.P. - Question#2

Bridgette,
 I would stay with the April 1, 1998 agreement.  The 10/01/00 agreement was
with the canadian el paso entity.

	Bridgette Anderson@ENRON
	02/21/2001 02:50 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: El Paso Merchant Energy, L.P. - Question#2

Dan,

I have yet another El Paso question.  We currently have two masters with El
Paso Merchant Energy, L.P..  As you are probably aware, they have gone
through several name changes.  We need to know which master to keep
especially for EOL purposes.  Please advise.


---------------------- Forwarded by Ben Jacoby/HOU/ECT on 11/30/2000 06:42 PM
---------------------------

	Enron Global Finance

	From:  Catherine Clark                           11/30/2000 06:42 PM

To: Raimund Grube/Corp/Enron@ENRON
cc: Ben Jacoby/HOU/ECT@ECT
Subject: sample purchase option document

To pull equipment out of West LB 3 things need to get done:
1.  A Notice needs to be sent to West LB letting them know when you intend to
exercise your purchase option, and on what equipment (5 days before you
exercise).
2.  A Purchase Option Assignment and Assumption Agreement needs to be signed
by Mike Miller or Janet Dietrich and a West LB executive.
3.  A wire needs to be sent to West LB paying them for the equipment

The Notice is just a letter informing them of the DATE on which you intend to
exercise your purchase option and the DESCRIPTION of the equipment.  I'm
attaching Austin's Notice.

I'm also attaching the Purchase Option Assignment and Assumption Agreement we
used for Austin.  I filled in schedule 1 with the unallocated equipment
details (please double-check the info).  The document needs to be circulated
among ENA legal, Finance legal, Rob Taylor (our outside counsel), and Tim
Oxley (West LB's counsel).  Let me know when you want to proceed and I'll
send it out to everyone for initial comments.

Call me with any questions.
-Catherine
x3-9943