Rob:
In case we don't get a chance to talk, just some thoughts on chnages that mat
need to be made to the ISDA Schedule:

1. Part 1 (b) - this is where we will specify the Threshold Amount for cross
default to other debt (Section 5(a)(vi) purposes.  Please note that the
definition of Specified Indebtedness in the ISDA is very narrow.  Let Mark
Taylor know if that needs to be amended.  Alos, let Mark know if the cross
default language itself needs to be amended to match the Supply Agreement.

2. Part 1 (h) - this section contemplates adding Additional Termination
Events.  I had thought that here we would add a cross default to the
Transaction Documents.  Mark will need input from you on what those are.
Additionally, it would be here that we would add some of the other trigger
events that are currently in the Supply Agreement.  Again, Mark will need
your input on what those are.

3. Please look at the language in sections 5(a)(vii)(bankruptcy) and
5(b)(iv)(credit event upon merger) of the ISDA form and advise Mark as to
whether any changes need to be made to conform with what is in the Supply
Agreement.

I'm assuming that the other parts of the schedule will be agreed to by them.
Please note that in Part 1(e) we have chosen the "Loss" method as a means for
calculating the termination payment.  In Part 3, these are the docs that we
usually get but if the Supply Agreement requires something different,
particularly with respect to financial info, we can modify accordingly.    In
part 4, we have chosen arbitration and Texas as governing law.  Part 5 is
mostly boilerplate, but note the "setoff" language and the "transfer"
language, which they may comment on.  part 6 is boilerplate.

Mark's number is 853-7459.  I'll be back Wednesday afternoon.

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


Prices in the February 24, 2002 Real-Time Market are correct.

The NYISO is reserving Locational Reserve Prices for hour
beginning 10:00 in the February 24, 2002 Hour-Ahead Market.

Prices in the February 25, 2002 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm

---
You are currently subscribed to nyiso_tie as: benjamin.rogers@enron.com
To unsubscribe send a blank email to leave-nyiso_tie-628650Q@lyris.nyiso.com


Thanks a million, buddy.  Very useful.


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Louise:

You requested that I give you a list of things to avoid discussion with ABB.  We've maintained a reasonably open relationship with ABB up to this point, but here are some (fairly obvious) things that we should probably steer clear of:

1.  No discussion about Fronterra;
2.  No specifics about the DeAcero contract, e.g. extension date, CP's, etc; and
3.  No discussion about project credit issues or financing alternatives for the project.

When this ABB contingent was here last (Feb 2001), Dave and Janet essentially indicated that this was an important project to Enron, that we were entirely committed to seeing it through and that if it weren't for the damn CFE, we'd already be done, etc. etc.  I think if we stick to that line, we'll be fine.

If I think of anything else, I'll let you know ASAP.

DTT


What interest rate are we being charged?

	Britt Davis@ENRON
	01/08/2001 09:55 AM

		 To: hbm@wanadoo.fr
		 cc: Richard B Sanders/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Becky
Zikes/Corp/Enron@ENRON
		 Subject: Interfert

Bernard,

This will confirm our telephone conference of today and your telefax to me of
today.  You confirmed that you had not mentioned settlement to Interfert's
attorneys; I assume that Interfert's attorneys have not raised the subject
with us either.

You also confirmed that Enron has no obligation to pay anything based simply
on Mr. Cornuot's final report, which will have to be considered by the Court
of Appeals of Versailles before it can become legally binding, and that Enron
would likely have no obligation to pay any additional amounts until
approximately the middle of 2002.  You advised that the parties' pleadings
regarding Mr. Cornuot's report were not due to be filed with the Court of
Appeals of Versailles until October 1, 2001 and that supplemental pleadings
could be filed until January 17, 2002.  Oral argument (trial) before the
Court of Appeal of Versailles was set for March 7, 2002.  Based on this, you
did not expect the Court of Appeal of Versailles to render its decision until
around June 2002.

You have also inquired with our appellate experts as to when they expect a
ruling from the Supreme Court of France, and expect a response within the
next ten (10) days from now.

You will have your legal assistant translate only those portions of Mr.
Cornuot's final report that differ significantly from his preliminary
report.   I would also appreciate it if you would send copies of the complete
report to Christophe Casabonne and Michel Bouthonnet.

As soon as it becomes practical to do so, I would appreciate inquiry into how
much Mr. Cornuot will request for his fees and expenses in this matter.

You will also advise me of  (a) your attorney's fees and expenses
outstanding, for your billed but unpaid time (if any); (b), for your accrued
but unbilled time and expense; and (c), for your estimated fees and expenses
going forward, until the exhaustion of all appeals.

Last, you confirmed that you frequently travelled to London and expected to
be available for a conference in person with Richard in either Paris or
London, at his convenience, around March 12, when Richard intends to be in
London on other matters.

Many thanks for your help.

Regards,

Britt


please print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/16/2000
12:05 PM ---------------------------

Rick Bergsieker@ENRON_DEVELOPMENT
10/15/2000 09:30 AM
To: Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Doug
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Merritt Thomas@ECT, Brad
Hitch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Henry
Means/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, A G
Gelotti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Eric Gonzales@ECT, Jeffrey A Shankman@ECT, dennis.vegas@enron.com
Subject: LNG brochure revised draft

As you know, we are preparing a new LNG brochure that will be rolled out at
the Gastech Conference in Houston mid November.  Many of you have submitted
comments that are hopefullyincluded herein.  Attached is the latest draft of
the brochure text.  Please review this very carefully and submit your
comments to Henry Means/Zdenek Gerych by Tuesday noon.

I have scanned this and have noted at least several typos and some
numerical/statistical errors.  AG, please check in particular the DPC/Metgas
stuff.

Henry/Z, the purpose of this brochure is to communicate that the market is
changing and that Enron is leading the transformation of this industry.
However, there is a negative tone in parts of this that is a slap in the face
to the major oil companies and the government companies particularly in the
Mid east and Far East.  I want to get all negatives out---anything that a
supplier could read as an insult will come back to bite us.  The message
should be bold but positive, with no implied insults.

I look forward to reading the next draft Tuesday evening

Rick
---------------------- Forwarded by Rick Bergsieker/ENRON_DEVELOPMENT on
10/15/2000 09:17 AM ---------------------------

Dennis Vegas
10/14/2000 09:23 AM
To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Henry Means/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Zdenek
Gerych/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: LNG brochure revised draft

Attached is the draft as promised. This reflects input from several members
of the team. It is easy to read and flows well. Please review and share you
feedback by Wed before noon ( no later, sorry). Once complete, we will
circulate the final with your comments. I do need the name of the lawyer that
would approve the final draft for the LNG team.

Hope you had a good trip back.


didn't you go to grasshopper last night


Maureen -- please send Vince my California testimony and the talking point
presentation for Jeff Skilling at the National Press Club.
Eliz-- keep Vince on the distribution list for the documents we are
generating now to repond to the California situation.
----- Forwarded by Steven J Kean/NA/Enron on 09/20/2000 09:18 AM -----

	Vince J Kaminski@ECT
	09/18/2000 01:26 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Charlene Jackson/Corp/Enron@ENRON, Celeste Roberts/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Ashley Baxter/Corp/Enron@Enron
		 Subject: Presentation to faculty and students at Berkeley

Steve,

I am a lead recruiter at the University of California at Berkeley for
Enron Analyst/Associate program.

I contacted several friends who work at Berkeley and received an invitation
from one of them to make a presentation at the weekly Faculty Seminar
of the Dept. of Industrial Engineering and Operations Research.

The students and faculty members from the business school will be also
invited.

Berkeley in general, and Department of Industrial Engineering and Operations
Research in
particular, are important centers of academic research on electricity markets
(S. Oren works very closely with Severin Borenstein).

My presentation will focus on the Analyst/Associate program. I shall  also
have
an opportunity to discuss the power markets in California (I expect many
questions) before many experts who are very  important to shaping
public opinion and regulatory agenda.

Please, let me know who in you group could help me in preparing this
presentation
and in presenting  Enron's point of view in a more effective way.

Vince

FYI. The name of my friend who invited me:

Shmuel S. Oren, Professor
Dept. of Industrial Engineering
and Operations Research
4117 Etcheverry Hall
University of California
Berkeley, CA 94720-1777


Dave,

Per my voicemail.  Please give me a call on this.

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 08/08/2000
09:04 AM ---------------------------

Daniel Reck
08/07/2000 06:34 PM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc: George McClellan/HOU/ECT@ECT
Subject: draft

Mike and Jeff:

Attached is a copy of the Pacificorp presentation from last week.  To
reiterate, the key commercial risk issues are:

1)  Tax--Jordan Mintz has a high degree of confidence regarding the
qualifications of the Pacificorp machines.  Thorough due dilligence will be
required to investigate the representations made in the private letter ruling
applications.

2)  Syndication--Joe Deffner and Tim Proffitt are working to find
monetizers.  Ideally, the monetizers would close when we do.  Realistically,
we have to assume that we will bridge the deal and wear equity risk until we
can shed our ownership.  Pacificorp has expressed an interest in staying in
as 25% owner, which should reduce the bridge risk, since we can show the
former owner staying in the game.

3)  Operations--The risk of operations will lie with the holders of the
equity.  Post-syndication, the new owners can contract directly with an
operator.  For tax purposes the owner needs to have some risk.  We will guide
the monetizers to this risk.  If we have to indemnify them in this area, we
will need to better understand the available insurance products.
4)  Marketing--This is the risk the coal desk is trying to acquire.  The desk
believes that the coal/synfuel spread risk will decrease dramatically over
the next 12-18 months.  We have put $6.00/ton into the model, and the desk
will buy $3.00/ton today for seven years.  The current market is anywhere
from $1.00-3.00/ton.  We have also developed a list of strong sites that are
looking for machines, three of which we control, either through options or
marketing agreements.

The economics of the deal are compelling.  We put out $100mm to Pacificorp as
an equity bridge (maybe less if they stay in as 25% owner).  We collect
$30-50mm in commodity spread origination, and another $30-50mm in equity
origination.

Commercially, the deal makes sense, and I am confident that we can structure
around the risks.  The decision we need from senior management is whether
this is a game we want to play.  The machines fit into the letter of the
law.  Big companies (AIG, Florida Progress, Detroit Edison, etc.) have joined
in the reindeer games.  We can put on the position we want by bridging this
deal.

On the flip side, people have heartburn over "spirit of the law" issues and
those are questions that senior management has to decide.   We have a chance
to move on these machines, but need to make up our mind by the end of this
week whether to put resources on it.  We can back out later (our commitment
so far is non-binding), but we can't get back in.

Please let me know your thoughts.

Regards,

Dan


-----Original Message-----
From: Warner, Christopher (Law) [mailto:CJW5@pge.com]
Sent: Tuesday, July 03, 2001 4:45 PM
To: 'abb@eslawfirm.com'; 'ad046@detroit.freenet.org';
Attached is a motion filed by PG&E on Tuesday, July 3rd in which PG&E
requests that the Commission, no later than July 19th, place a market value
on their hydroelectric (and other remaining generating) assets  and order
that such market value be used for the purposes of determining PG&E's
retained generation revenue requirement.  Responses to the motion are due by
July 12th.  Please advise if Enron wants to respond.

Jeanne

Subject: A.00-11-038, A. 00-11-056, A. 00-10-028

Enclosed please find MOTION OF PACIFIC GAS AND ELECTRIC COMPANY TO ESTABLISH
FINAL MARKET VALUATION OF NON-NUCLEAR GENERATING ASSETS PURSUANT TO PUBLIC11
UTILITIES CODE SECTION 376 filed July 3, 2001 by Pacific Gas and Electric
Company in A. 00-11-038, A. 00-11-056, A.00-10-028.  Hard copy service was
made by United States mail on parties listed on the official service list
this date also.  Thank you.

 <<PGEURGmotion7-3elec.doc>>
Christopher J. Warner
Pacific Gas & Electric Company
P.O. Box 7442
San Francisco, CA  94120
Telephone:  415-973-6695
Facsimile:  415-972-5220
Email:  cjw5@pge.com

Martie Way
30177

 - PGEURGmotion7-3elec.doc


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude81.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas81.pdf

Distillate and unleaded charts to follow.

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG81.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG81.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL81.pdf

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


---------------------- Forwarded by Mike Carson/Corp/Enron on 11/20/2000
03:53 PM ---------------------------

"Cody Downard" <CDownard@vailresorts.com> on 11/20/2000 03:10:39 PM
To: <Mike.Carson@enron.com>
cc:

Subject: Re:

Hey what's up??!

How's the baby squirrel??  How big is he now?

My sister is going to start popping out kids here pretty soon....she is
getting married in KC on Dec. 16.

Wow...I feel old.....

I am not having babies anytime soon.....I just got out of a 1.5year
relationship, and am not really having too much luck with any other women, so
I may just move to Nepal and become a monk.....

my address is:
P.O. Box 3394
Avon, CO 81620

Later,
Cody

Cody Downard
Vail/Beaver Creek Training & Development Dept.
970.845.2484
email: cdownard@vailresorts.com

>>> <Mike.Carson@enron.com> 11/20/00 08:14AM >>>
What is your address??


Just the option traders: Harry Arora, Rob Stalford, Steve Wang and Jaime Gualy.

Michael Mattox
x34317

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Friday, October 26, 2001 9:31 AM
To:	Mattox, Michael
Subject:	RE: Option Sensitivity

Michael,

Can you remind me who all gets these reports?

Stacey

 -----Original Message-----
From: 	Mattox, Michael
Sent:	Friday, October 19, 2001 2:07 PM
To:	White, Stacey W.
Subject:	Option Sensitivity

Stacey,

Let me know if this is what you are looking for.

Approximately every one to two weeks or as requested by the options traders an option sensitivity report is run using PortCalc.  Three parameters are tested:  Price (increments from -5 to +5), monthly Volatility (increments from -25% to +25%), and Time (increments up to 90 days.  The data is imported from PortCalc into an Excel pivot table.  The pivot table is then used to show how the various Greeks (delta, gamma, theta and Vega) change for each trader's book, generally with a 3 month look ahead.  The data can also be sorted by and grouped by other criteria, if requested, such as by region and delivery date.

Michael Mattox
x34317


Here are more deals that need to be moved into the bankruptcy books.  Please skim across the spreadsheet to the column for the date reported to risk.  I've also changed the font color for deals added today.

Please let me know if you have any questions.

SBR x30569


Christian,

Our Spring/Fall window of "<nactivity"is rapidly eluding us...

We need to get our internal model operational without delay.

Along these lines, let's go ahead and plan your visit to Houston as soon as
possible,
but by all means get you in at least 4 weeks before hurricane season.

That would mean the month of May looks good.

Please inform me what duties you could not perform from here to support the
Sydney office,
we'll figure out how to keep that office whole.

(it's working without a hitch to have Steve Bennett in London, but continuing
his Houston duties)

If the first week in May (for the whole month) will work, please respond asap
and we'll get housing arrangements finalized.

Looking forward to your visit,

- - - Mike


Liz,

Let me know when they send out the web address and I will make sure that John
fills out the forms.

k

Liz M Taylor@ECT
10/05/2000 11:20 AM
To: John Sherriff/LON/ECT@ECT, Mark Frevert/NA/Enron@Enron, Jeffrey
McMahon/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, David W
Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Kevin Hannon/Enron
Communications@Enron Communications
cc:

Subject: Feedback - Exec. Impact & Influence

Well, we finally got Greg Whalley enrolled in the "Executive Impact &
Influence" seminar.  Each of you have been listed for feedback in the
"peer/other" category.  It is crucial to Greg's success in the program that
all feedback be submitted.

I'll check back with you in a couple of weeks to make sure you are in receipt
of the feedback forms.

Many Thanks,

Liz Taylor


Dear Trial Subscriber: The good folks at Kiodex forwarded to us a new white paper on trading risk management, "The Effective Energy Risk Management Program: Design and Implementation." They were kind enough top allow us to forward the new work on to subscribers -- the file is attached along with the necessary links. The paper was prepared to coincide with the official launch of it's hosted risk management application services, the RiskWorkbench, a product we've covered on a number of occasions. We plan to also run a feature with company CEO Martin Chavez this week as well. Until then, enjoy the white paper -- a very good read.
Regards,
John Sodergreen
John Sodergreen
Editor-in-Chief
Scudder Publishing Group, LLC
New Power Executive, The  Desk
The Risk Desk, The Bandwidth Desk
johns@scudderpublishing.com
phone: 410.923.0688  fax: 410.923.0667
 - Kiodex White Paper.htm


Attached is Matt Lee's CV. He is the Singapore office lawyer candidate we
will meet about on Monday afternoon.


Please contact me at 713-853-9106 if you have any questions.

Patti Thompson
Sally's Assistant

Itinerary for Sally Beck
Calgary, Alberta, Canada
May 10, 2000

Wednesday, May 10 Continental Flt. CO 1563 (Seat 03F)
    9:20 am Depart Houston-IAH
    12:23 pm Arrive Calgary International

Time Difference in Calgary (-1 hour from Houston)

Hotel:   The Westin Calgary
    320 Fourth Ave. S.W.
    Calgary, AL  T2P 2S6
    Phone:  403-266-1611
    Fax:  403-233-7471
    Confirmation:  C735906688

    Enron Canada Corp.
    Suite 3500, Canterra Tower
    400 ) 3rd Avenue S.W.
    Calgary, Alberta T2P 4H2
Contact:   Peggy Hedstrom
    Phone:  403-974-6753
    Fax:  403-974-6707

Friday, May 12  Continental Flt. CO 1562 (Seat 03F)
    1:07 pm Depart Calgary International
    6:06 pm Arrive Houston - IAH


Vince,

Just in case, here is a draft copy of the event for you to refer to.

Paul

 - finmathmail.doc


What follows is a memorandum from William J. Museler to me invoking the
Temporary Extraordinary Procedures and requesting me to reissue ECA20001006B.
Immediately following the memorandum is the ECA itself.  It now carries the
number ECA20001208B.  The memorandum and the ECA are also being posted on the
OASIS.

MEMO

Date:          December 8, 2000

From:          William J. Museler, President & Chief Executive Officer

To:       Steven J. Balser, Manager of Market Monitoring and Performance
James H. Savitt, Market Monitor

Re:       Extraordinary Corrective Action to Address a Market Design Flaw:
External Proxy Bus Prices During Transmission Constraints
(ECA 20001208B; re-issuance of ECA 20001006B)

Thank  you  for  the  presentation of the Market Monitoring and Performance
Unit  and  the Market Advisor regarding the progress that has been made with
the
Market Participants in addressing the market design flaw in the Real-Time
energy
markets  concerning  external  proxy  bus  prices during transmission
limitation
periods.  I am pleased that the Business Issues Committee gave unanimous
support
to  the  NYISO  to  re-issue  ECA  20001006B  until  the Market Participants
can
consider  and  approve, and the NYISO can implement, a tariff change required
to
permanently address the Market Design Flaw.

As  stated  in  my Memorandum to you of October 6, 2000, I agreed with your
conclusion that the conduct identified at that time constituted a

?Market Design
Flaw?  as  defined  in  Attachment  Q  to  the ISO OATT, Temporary
Extraordinary
Procedures  for  Correcting  Market  Design  Flaws  and  Addressing
Transitional
Abnormalities (the ?TEPs?).  As further stated in that Memorandum, I agreed
with
your  analysis that prices produced by exploiting this Market Design Flaw
would,
absent  appropriate  action,  remain  different  from what would otherwise
occur
during periods of efficient competition.

I  have  now  determined,  based  on  consultations  with ISO Staff and the
support  of the Business Issues Committee, that it is appropriate to maintain
in
effect  the  corrective measures adopted as ECA 20001006B while consultation
and
cooperation with the Market Participants and jurisdictional agencies is
on-going
to  develop  and  implement appropriate rules or rule changes in accordance
with
the ISO Agreement.

Please re-issue the text of the Extraordinary Corrective Action (?ECA?) and
post  it  on  the  OASIS,  for implementation effective at the expiration of
ECA
20001006B.  The ECA shall be effective for a period of ninety (90) days.

William J. Museler, President and CEO
New York Independent System Operator

cc:  Market Participants via OASIS

New York Independent System Operator

Extraordinary Corrective Action 20001208B

Market Design Flaw Regarding Real-Time External Proxy Bus Prices

Applicability

This  Extraordinary  Correction Action (ECA) shall apply when the following
two conditions are met:

?    Transactions are proposed for an operating hour at an External Proxy Bus;
and
?    The Balancing Market Evaluation (BME) resolves transmission congestion
constraints at the External Proxy Bus for the operating hour, resulting in
transmission congestion charges in the Hour-Ahead Market (HAM).

Rationale

When BME solves for proposed transactions at an External Proxy Bus, and the
total  proposed  transactions  exceed  the available transfer capacity, BME
will
resolve binding constraints at that External Proxy Bus using the decremental
bid
price  or  the sink price cap bid indicated by the Market Participants
proposing
the transactions.

In  the  operating hour, the transfer capability and scheduled flows at the
External  Proxy  Bus  are  fixed,  and  SCD  is  not  required  to  resolve
for
transmission  congestion  costs  associated  with  the  scheduled
transactions.
Therefore, in operating hours where an External Proxy Bus constraint is
binding,
Real-Time  prices at the External Proxy Bus will be significantly different
from
the  HAM  prices,  due  to  the  absence  of transmission congestion costs
being
reflected  in  the Real-Time price.  Currently, scheduled HAM transactions at
an
External  Proxy Bus are settled at the Real-Time price at the External Proxy
Bus
during  the operating hour, and the import transactions receive a Bid
Production
Cost Guarantee for the deviation in price between the HAM and Real-Time price.

The  Market  Design  Flaw  in  the  current  process  is  that transmission
congestion  constraints  present  when  BME  schedules  HAM transactions are
not
reflected  in the Real-Time settlement prices.  Under the rules set forth
below,
the  transmission  congestion  costs present in BME will be reflected in the
SCD
prices, so that a Market Participant proposing a HAM transaction will be
charged
the  full  cost of supplying that transaction, up to the decremental bid cost
or
sink  price  cap  bid  indicated  by  the Market Participant at the time the
HAM
transaction was proposed.

Implementation Rules

1.   These rules apply in hours that HAM import or export transactions are
constrained in BME at an External Proxy Bus (EPB) by a transmission limitation
or Desired Network Interchange (DNI) limit (an ?EPB Limit?).

2.   For each hour in which an EPB Limit constrains net imports to NYCA from
an
External Proxy Bus in the HAM, the Real-Time settlement price at that External
Proxy Bus will be the lesser of the real-time LBMP or the BME price at that
External Proxy Bus.

3.   For each hour which an EPB Limit constrains net exports from NYCA to an
External Proxy Bus in the HAM, the Real-Time settlement price at that External
Proxy Bus will be the greater of the real-time LBMP or the BME price at that
External Proxy Bus.

Issued:  December 8, 2000, 3:00 p.m.
Effective:  January 10, 2001, Operating Hour Beginning 0000


I have not sent out any confirms.  I am preparing a letter whereby we
terminate an existing long term agreement with Hinson.  Are these confirms
documenting a purchase of sale from them?----cgy

   Kate Symes                12/20/2000 08:09 AM

To: Greg Wolfe/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT
cc:
Subject: Confirms - Hinson Power deals

Would you let me know if confirmation letters have already been sent out for
these deals? If not, is there any way to get them out before the holiday?

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 12/20/2000 08:04 AM
---------------------------

Kimberly Hundl@ENRON
12/20/2000 07:30 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Hinson Power Company, Inc.

Hi Kate,
Deals #478168, 478944, 478945, 478946 are to be confirmed by either Greg
Wolfe or Christian Yoder.  We need to get the final copy of these confirm
letters so we can scan them into the system for our files.  Also, if the
finalized confirm has been sent to the counterparty we need to change the
status in the system.  These deals are still showing up on our "New" report
every morning and I need to do something with them.
Thanks for your help!
Kim


This deal is entered with a span of two weeks on the top half of deal entry
and one day on the lower half.  Can you check it out?

Thanks!


Hill,

Thanks for the invitation to serve as a Chairman of one of the sessions.
Unfortunately, I may be receiving frequent calls from the office
that might interfere with my  duties.

See you next week.

Vince

 -----Original Message-----
From: 	Hill Huntington <hillh@stanford.edu>@ENRON [mailto:IMCEANOTES-Hill+20Huntington+20+3Chillh+40stanford+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 14, 2001 6:11 PM
To:	conference:;@ENRON; mansur@econ.Berkeley.EDU; bjscott@aep.com; cholmes@utilicorp.com; jwcade@tva.gov; ddurack@cinergy.com; bruce.hellebuyck@pacificorp.com; JHughes@epri.com; effarrow@stanford.edu; harris@gbn.com; kamat@ieor.berkeley.edu; pmeagher@epri.com; sparks@mills.edu; rentrike@epri.com;
Subject:	directions for June 21-22

If you have not yet registered for the June 21-22 conference, please do so
to help our planning and to obtain contact information for you.

I want to remind you that recommended conference attire is business casual.

If you do not have a Stanford parking permit (either by mail or at your
hotel), please drive to the conference facility, park, and obtain one at
the meeting room.  Detailed directions can be found on the website but here
is a summary from Highway 101 North & South:

      Take the Embarcadero Road exit west toward Stanford. At El Camino
      Real, Embarcadero turns into Galvez Road as it enters the university.
Stay
      in the left lane and continue toward the center of campus.  At the
four-way
     stop, turn right onto Campus Drive.  Take first left (Lasuen Street)
and drive
     to the end and park.  Conference site is at this building.  If you do
not yet have
     a parking permit, we will give you one there.

I look forward to a productive and interesting meeting.
Hill

*******************************************************************
Hillard G. Huntington
EMF - an international forum on
energy and environmental markets        Voice:  (650) 723-1050
408 Terman Center                       Fax:    (650) 725-5362
Stanford University                     Email:  hillh@stanford.edu
Stanford, CA  94305-4026

EMF Website: http://www.stanford.edu/group/EMF/


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001
07:25 AM ---------------------------
From: James D Steffes@ENRON on 01/15/2001 11:36 AM CST
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Michael
Tribolet/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Christian
Yoder/HOU/ECT@ECT, pgboylston@stoel, Travis McCullough/HOU/ECT@ECT, Don
Black/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Wanda
Curry/HOU/EES@EES, Scott Stoness/HOU/EES@EES, mday@gmssr.com, Susan J
Mara/NA/Enron@ENRON, robert.c.williams@enron.com, William S
Bradford/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
cc:
Subject: California Action Update 1-14-00

Enron has agreed that the key issue is to focus on solving the S-T buying
needs.  Attached is a spreadsheet that outlines the $ magnitude of the next
few months.

TALKING POINTS:

Lot's of questions about DWR becoming the  vehicle for S-T buying and there
is a significant legal risk for it becoming the vehicle.  WE DO NEED
SOMETHING TO BRIDGE BEFORE WE PUT IN L-T CONTRACTS.
Huge and growing shortfall ($3.2B through March 31, 2001)
The SOONER YOU CAN PUT IN L-T CONTRACTS STOP THE BLEEDING.
Bankruptcy takes all authority out of the Legislature's hands.

ACTION ITEMS:

1. Energy Sales Participation Agreement During Bankruptcy

Michael Tribolet will be contacting John Klauberg to discuss how to organize
a Participation Agreement to sell to UDCs in Bankruptcy while securing Super
Priority.

2. Legislative Language for CDWR (?) Buying Short-Term

Sandi McCubbin / Jeff Dasovich will lead team to offer new language to meet
S-T requirements of UDCs.  Key is to talk with State of California Treasurer
to see if the $ can be found or provided to private firms.  ($3.5B by end of
April).  Pat Boylston will develop "public benefit" language for options
working with Mike Day.  He can be reached at 503-294-9116 or
pgboylston@stoel.com.

3. Get Team to Sacramento

Get with Hertzberg to discuss the options (Bev Hansen).  Explain the
magnitude of the problem.  Get Mike Day to help draft language.

4. See if UDCs have any Thoughts

Steve Kean will communicate with UDCs to see if they have any solutions or
thougths.  Probably of limited value.

5. Update List

Any new information on this should be communicated to the following people as
soon as possible.  These people should update their respective business units.

ENA Legal - Christian Yoder / Travis McCullough
Credit - Michael Tribolet
EES - Vicki Sharp / Don Black
ENA - Tim Belden / Philip Allen
Govt Affairs - Steve Kean / Richard Shapiro


---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/11/2000
09:59 AM ---------------------------

	From:  Kevin M Presto @ ECT                           07/11/2000 09:54 AM

To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: Bruce

---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/11/2000
09:47 AM ---------------------------

George Hopley
07/11/2000 09:47 AM
To: Kevin M Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
cc:
Subject: Bruce

Ontario Power Generation and Bruce Power announce leasing agreement at Bruce
Nuclear

    KINCARDINE, ON, July 11 /CNW-PRN/ - Ontario Power Generation (OPG) today
announced it has entered into a major agreement with Bruce Power Partnership
relating to the facilities at the Bruce nuclear site. Bruce Power is 95% owned
by British Energy plc. The transaction provides an opportunity for the two
main unions, the Power Workers' Union and The Society of Energy Professionals
on the Bruce site, to subscribe to 5% of the equity.
    This public/private partnership involves a long-term lease agreement for
the Bruce A (3076 MW-currently in lay-up), and Bruce B (3140 MW) facilities.
The lease runs until 2018, with an option to extend for up to another 25
years. OPG will receive an initial payment of $625 M to be made in three
installments. A first payment of $400 M will be made on closing subject to
normal closing adjustments. The remaining $225 M will be paid in two
installments of $112.5 M each.
    Bruce Power's annual payments include base and variable elements. The
variable elements include a share of the net revenue, and supplementary
payments for the management of used fuel. In total these payments are
estimated to be about $150 M in calendar year 2002.
    Bruce Power will offer employment to all employees at the Bruce site,
other than those being retained by OPG. Employees remaining with OPG include
those that provide waste management and centralized nuclear operations support
services. The agreement is expected to close, subject to Bruce Power obtaining
the necessary licences, in the summer of 2001.
    "Today's announcement is good news for employees, the community, the
electricity consumer and the shareholder" stated Ron Osborne, OPG President
and CEO. "This agreement injects private equity into the Bruce facilities
which in turn will provide new opportunities for employees and the community.
It is also a major step towards opening the Ontario electricity marketplace to
competition and providing electricity consumers with choice." Osborne noted
that an additional benefit of the agreement allows OPG to concentrate on
accelerating the performance improvements underway at its Darlington and
Pickering nuclear facilities while the new company focuses on the Bruce.
    Nuclear safety continues to be of paramount importance for Ontario Power
Generation, and safety has been a key tenet for British Energy. Both companies
are committed to ensuring high safety performance standards.
    "We are delighted to be announcing the creation of a new company. Bruce
Power will demonstrate that safety and commercial success go hand in hand,"
said Robin Jeffrey, Chairman and Chief Executive Officer of British Energy
Canada Ltd. "We have a high regard for CANDU technology and for the skill of
the staff at Bruce. We are confident that by working with the staff and the
unions, Bruce Power can achieve world class safety and commercial
performance."
    To reduce its market dominance, OPG is required by conditions in its
operating licence granted by the Ontario Energy Board (OEB), to reduce its
share of generating capacity to no more than 35 per cent of that available to
the province 10 years after the market opens.
    British Energy was selected following an extensive worldwide competitive
process over the last two years. They have significant operating experience
and a proven safety track record with a range of nuclear reactor types.
    To close the transaction, Bruce Power will be required to secure licences
from the Canadian Nuclear Safety Commission (CNSC) and the Ontario Energy
Board. Bruce Power will be required to follow the stringent licensing and
operating requirements established by CNSC, formerly the Atomic Energy Control
Board.
    Ontario Power Generation is a major North American electricity generating
company. OPG's principal business is the generation and sale of electricity to
consumers in Ontario and into the interconnected markets. OPG's goal is to be
a premier North American energy company, focused on low-cost power generation
and wholesale energy sales, while operating in a safe, open and
environmentally responsible manner.
    British Energy PLC is the UK's largest electricity generator. British
Energy owns and operates 15 reactors in the UK and a further two in the United
States through its joint venture, AmerGen. British Energy's goal is to be a
worldwide electricity leader building on its "Safety First" culture and track
record of commercial success.

    BACKGROUNDER INDEX
    ------------------

    Safety:

    1.  OPG'S COMMITMENT TO NUCLEAR SAFETY
    2.  BRUCE NUCLEAR - SAFETY IS NUMBER ONE
    3.  INFORMATION ON CANDU REACTORS
    4.  EMERGENCY PLANNING IN ONTARIO

    Financial:

    5.  OPG/BRUCE POWER LEASE AGREEMENT
    6.  NUCLEAR USED FUEL, WASTE MANAGEMENT AND
        DECOMMISSIONING
    7.  CHRONOLOGY OF THE PUBLIC/PRIVATE PARTNERSHIP PROCESS

    Employees:

    8.  WHAT HAPPENS TO EMPLOYEES

    Transition:
    9.  REDUCING MARKET DOMINANCE
    10. TRANSITION ARRANGEMENTS
    11. NEXT STEPS

    General.
    12. ONTARIO POWER GENERATION
    13. QUICK FACTS ON BRUCE NUCLEAR POWER DEVELOPMENT

SOURCE Ontario Power Generation Inc.


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/07/00
Transaction Summary
External Transactions Today	4,114
Average Daily External Transactions (30 day Trailing Avg)	3,106
Total Life to Date Transactions	414,524

EnronOnline Daily % of Entity's Total Transactions for 11/07/00	Trans	Percent
Enron North America	3,512	75%
Enron Europe Limited	145	37%
Global Products	159	30%
Enron Metals	298	15%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	47%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,629,499,517
MTD	12,634,782,454
LTD	226,066,467,133
Average Daily Notional Value (30 Day Trailing Avg)	2,141,702,594

Notional Revenue from Physical Flows to Date	15,798,097,545

Counterparties, Users, and Products Offered
Counterparties having transacted to date	550
New Counterparties transacting for the first time today	1
Number of Products Offered Today	1,213
Total Number of External Users Logged on Today	2,857
Average # of External Users logged on (30 day Trailing Avg)	2,695


Weather Headlines
Friday January 11, 2002
Big Storm may form off the New England coast this weekend. Energy from the
Pacific criss crosses the country next week. Arctic air gets closer but
remains North of the border.
The New England storm will be a near miss it appears this weekend as it
bombs out to sea. Perhaps Eastern Mass. gets a brush by but otherwise its a
light rain/snow wind event. The next system of note comes in to the NW this
weekend and develops low pressure in the Central Plains by Tuesday. North
of the track even though temperatures remain above normal, they won't be of
the record warmth this week. It will be cold enough to lay down some snow
North of 35 degrees Latitude. The SE then starts to warm up relative to
normal as high pressure slips off the coast. While it may be a seasonably
active period, five day temperature numbers will likely average above
normal nationwide.
I continue to see forecasts in the 6-10 day period calling for cold
weather. The NWS outlook is below normal almost nationwide. But, notice
they go near normal in the Northern Plains. That is significant as it
refers to source region of air masses. If the North is above normal short
term and near normal mid term then where is the alleged arctic air coming
from? What may actually happen is a re-development of the broad trough
occurs over the Eastern half of the country next week. That is straight out
of the MRF playbook. The operational runs of the Canadian and European do
not concur. I certainly accept no ridge in the Eastern U.S. but the bottom
line in my view is this still is not a very cold pattern. The NWS had NO
ONE , not one location above normal in their 6-10 day period. I think most
of the South and East will run above normal during the period, just not
excessively so. The North and West will run close to normal. Interestingly
enough, the European day 10 looks to be the coldest of the medium range
models. Since it seems to be my favorite this winter, there could be some
credibility to some arctic air the last 10 days of the month. But, even its
appearance makes it difficult in my view for any real cold to get very far
South.
For the period Friday January 11 through Tuesday January 15, expect the
following temperature trends:
Average 1 to 3-above normal: Southeast, Pacific NW, California...
Average 4 to 6-degrees above normal: Gulf Coast, Mid-Atlantic, Southern
Plains and Rockies, Desert SW, Intermountain West...
Average 7 to 9-degrees above normal: Northeast, Great Lakes, Ohio and
Mississippi Valleys?
Average 10 to 15-degrees above normal: Central and Northern Rockies,
Central and Northern Plains...
Andy Weingarten, Meteorologist APB Energy / True Quote


Please see the attached document from Steve Kean.


NOTE FROM MARK FREVERT

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

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

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

BUSINESS HIGHLIGHTS

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

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

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

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

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

&THE PULSE8 SURVEY RESULTS

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

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

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

WELCOME

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

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

IN THE NEWS

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

NUGGETS & NOTES

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

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

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

CONTEST

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


[IMAGE]
There are hundreds of cards out there. How on earth are you supposed to know which to choose?  FreeCardSearch, that's how.   You enter your information and the FreeCardSearch Insant Credit Card Matching Search Engine tells you which Major Bank Credit Cards YOU Pre-Qualify for.  Then the choice is YOURS!  It's absolutely FREE with NO  obligation!  You're guaranteed to find matches!  Don't waste your time anywhere else.

[IMAGE] Click here if you no longer want to receive gifts and special offers from Send 4 Fun.


FYI
---------------------- Forwarded by Eric Moon/HOU/ECT on 04/26/2001 01:06 PM
---------------------------
From: Mark Whitt@ENRON on 04/26/2001 11:38 AM MDT
Sent by: Mark Whitt@ENRON
To: Tyrell Harrison/NA/Enron@Enron, Gerald Nemec/HOU/ECT@ECT, Paul T
Lucci/NA/Enron@Enron
cc: Barry Tycholiz/NA/Enron@ENRON, Eric Moon/HOU/ECT@ECT
Subject: FW: Service Schedule

The Northern Border guys would like to recognize their $500,000 in earnings
associated with  the Kern Capacity that they syndicated in the 3rd Quarter
and make it part of the Master Service Agreement between ENA and Crestone.
This is the document that they proposed.  We should recognize some additional
float given the lag in the payment date.  Gerald can you approve this from a
legal standpoint?

Mark
----- Forwarded by Mark Whitt/NA/Enron on 04/26/2001 11:35 AM -----

	Dan J Bump/ENRON@enronXgate
	04/26/2001 11:04 AM

		 To: Mark Whitt/NA/Enron@Enron
		 cc: Gerald Nemec/HOU/ECT@ECT
		 Subject: FW: Service Schedule

Shark--

As we discussed, see attached service schedule for your (& G$'s) review.

Thx

 -----Original Message-----
From:  Daniel, Shonnie
Sent: Wednesday, April 25, 2001 8:54 PM
To: Bump, Dan J.
Subject: Service Schedule

Dan,  Attached please find the Service Schedule with the changes we discussed
today.  Call with any questions.


i didn't piss her off at dinner.  i pissed her off b/c i didn't stay over
that night after everything.  she was pissed and now i have to make it up to
her.  that is ok.  so no one from denver is going to miami for your
engagement party?  i wish i was going.  i would love to get to miami.  i will
call you guys this weekend.


One of the World Hunger issues is that GE does  not want Enron to be able to
issue a unilateral change order which would impact the manufacturing schedule.

We have the same issue in the Arcos Power Island deal.

Following is what I intend to propose to solve the Arcos problem and might
work  for World Hunger:

" Purchaser acknowledges taht Seller's ability to accomodate changes in
manufacturing scope in a timely or cost effective manner diminish as Seller
gets further along into the manufacturing process, and after a point changes
can only be made after assembly completion or in the field without adversely
affecting Seller's manufacturing obligations to other clients (a "Client
Impact").  Where such a Client Impact circumstance exists, Seller shall
identify such constraints to Purchaser in its proposal submitted pursuant to
Clause 17.2.(b) [time and cost estimate to accomodate the Change
Order-Variation Order], which Purchaser shall take into account in evaluating
Seller's proposed cost and time changes arising out of such Variation scope
change. "

I would appreciate your thoughts as to whether this works for us in the World
Hunger document-  I do  not want to propose for Arcos if it gives you great
difficultly for World Hunger.


Sally, I have attached a brief document with the material you requested for
Thursday's Commodity Logic meeting.

Let me know if you would like to hand this out or just have me discuss
without handouts.

Tks - Bob Superty


---------------------- Forwarded by Chris Germany/HOU/ECT on 10/24/2000 10:01
AM ---------------------------

Chris Germany
10/24/2000 10:00 AM
To: Kimberly Brown/HOU/ECT@ECT
cc:
Subject: Room Change-Bridal Shower-Meredith

Kim, please forward to the traders.  I think the schedulers have this already.

Please forward:  Room Change


I know Chip personally, as, of course, does Leslie.  Leslie may be better
able to speak to Chip's judicial background.  Chip is a fine man and deeply
involved in his community.  Any chance we could pass word on to Sen. Dom.'s
office?
----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 03:26 PM -----

	Leslie Lawner
	01/19/2001 11:41 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: federal judgeship

Steve, I know you are overloaded, but maybe you can tell me if Cynthia or
someone else can help on this.  Thanks.  And I will tell Chip that you don't
spell your name "Cane."
----- Forwarded by Leslie Lawner/NA/Enron on 01/19/2001 11:40 AM -----

	"Judge William P. Johnson" <div8@fifthdistrictcourt.com>
	01/19/2001 10:06 AM

		 To: "Leslie Lawner" <llawner@enron.com>
		 cc:
		 Subject: federal judgeship

Leslie:  I have delivered a letter and resume to Senator Domenici's office.
I am attaching a copy of my letter to Senator Domenici and my resume.  There
are already a couple of letters sent to Senator Domenici on my behalf;
however, I do not know the best way to time this thing because President
Bush has to get his administration in place and there are a lot of positions
that will require Senate confirmation and everything is running behind
because of all the post election issues.  If you get a chance to talk with
Steve Cane about my application, I would certainly appreciate it.  I am sure
there are people at Enron close to Senator Domenici and he is the one who
will be making the call, so I would be interested in knowing what you and
Steve think.  In any event, thanks for all your help and let me know if the
attachments do not come through with this e-mail.  I am still somewhat
incompetent when it comes to e-mail technology although I think it is a
great way to communicate.  As an aside, in divorce cases where the two
parties have internet access, I require them to communicate by e-mail.
Thanks and I'll see you back in Roswell.  Chip

 - domenici.wpd
 - RESUME.WPJ


Thank you for meeting with us this week. Speaking on behalf of Enron U.S. I know there was some very good clarification, information and hopefully action required by all the parties.

I look forward to working through some transportation/supply structures and will contact you next week to discuss.

I have also met with our legal team to discuss the commercial and legal issues related to the GISB ( under 30 day firm agreement ) and need to discuss the details with you to see if we can get the proper paper completed. I have also raised a draft Master Firm agreement ( to handle term structures) and will begin to review this for early next week also.

Thanks in advance,

Barry Tycholiz
Vice President
Enron North America


Looks good to me.  Are we certain that all of the other traders plan to post
daily volumes?

David Forster
10/08/99 09:51 AM
To: Elena Kapralova/LON/ECT@ECT, Mark E Taylor/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Marcello Romano/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT
Subject: Re: Paper Volumes

That looks fine to me. Please ensure the Volume tab is consistent with this
description as well.

Mark: Please comment if you have any concerns.

Thanks,

Dave

Elena Kapralova
08/10/99 12:18
To: David Forster/LON/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Marcello Romano/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT
Subject: Re: Paper Volumes

the current paper descriptions says:

"....Seller pays a Floating Price and the Buyer pays the price submitted by
Counterparty on the website (the Fixed Price) in each case in respect of the
Notional Quantity per Determination Period.  Each calendar month during the
term of the Transaction will be a Determination Period. The Notional Quantity
per Determination Period is the volume submitted multiplied by the number
days in the relevant Determination Period."

suggestion:

"....Seller pays a Floating Price and the Buyer pays the price submitted by
Counterparty on the website (the Fixed Price) in each case in respect of the
Notional Quantity per Determination Period.  Each calendar month during the
term of the Transaction will be a Determination Period. The Notional Quantity
per Determination Period is the volume submitted by Counterparty on the
website."

If you all agree, I'll make this change in the BlackMaster. Dave, it may need
lawyers validation?

Elena

David Forster
08/10/99 00:35
To: Elena Kapralova/LON/ECT@ECT
cc:
Subject: Paper Volumes

---------------------- Forwarded by David Forster/LON/ECT on 08/10/99 00:35
---------------------------

Marcello Romano
07/10/99 21:50
To: David Forster/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT
cc:
Subject: Paper Volumes

Paper volumes are actually per month not per day in each determination
period. We need to change the long descriptions.

M


For some reason I did not receive the e-mail with attached GISB.  Please send
same again.

Thanks, and have a great weekend.

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


I made some comments/revisions.  I'm  not sure I understand the
profit/savings, but I didn't take the time to contemplate it.


FOLLOW ME TO FINANCIAL FREEDOM!!

I Am looking for people with good work ethics and extrordinary desire to earn at least $10,000 per month working from home!

NO SPECIAL SKILLS OR EXPERIENCE REQUIRED. We will give you all the training and personal support you will need to ensure your success!

This LEGITIMATE HOME-BASED INCOME OPPORTUNITY can put you back in control of your time, your finances, and your life!

If you've tried other opportunities in the past that have failed to live up their promises, THIS IS DIFFERENT THEN ANYTHING ELSE YOU'VE SEEN!

THIS IS NOT A GET RICH QUICK SCHEME!

YOUR FINANCIAL PAST DOES NOT HAVE TO BE YOUR FINANCIAL FUTURE!

CALL ONLY IF YOU ARE SERIOUS!

1-800-533-9351 (Free, 2 minute message)

DO NOT RESPOND BY EMAIL AND DON'T GO TO SLEEP WITHOUT LISTENING TO THIS!

" The moment you commit an quit holding back, all sorts of unforseen incidents, meetings and material assistance will
rise up to help you. The simple act of commitment is a powerful magnet for help." - Napoleon Hill

To be REMOVED from this list, simply click reply and submit.


Louise & Bill -

Attached is a summary of our wires to NGX as of Friday, 11/16.  I have also shown the wires expected for the week of 11/19.

If you have any questions, please leave me a message (53923) or call me on my cell: (713) 927-3003.

Thanks,

JRW


Lucy,

Why did so many tenants not pay this week?

#12 95
#21 240
#27 120
#28 260
#33 260

Total 975

It seems these apartments just missed rent.  What is up?

Other questions:

#9-Why didn't they pay anything?  By my records, they still owe $40 plus rent
should have been due on 12/12 of $220.

#3-Why did they short pay?


As discussed, please see attached revised special provisions.

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


Thanks to you and Scott for your help, I appreciate it!  I hope all is going
well...


C.E. UNTERBERG, TOWBIN
			 Trader Talk November 9, 2001
			 The market soared on the wings of Icarus today?
			 Market Summary
			 The market soared on the wings of Icarus today? the European Central Banks cut their interest rates after we cut ours earlier this week. Weekly initial jobless claims were down 46,000, and retail sales were up 2.3%. The Dow was up 167, the NASDAQ up 51, and the S&P up 20?The market flew to high to fast and burnt its wing on the sun?The minutes were released from the FOMC showing the 50 point basis cut was a unanimous decision and laying the Fed's uncertainty bare. Profit-takers swooped in and the market fell back to earth with the Nasdaq down 9.76 points or 0.53% at 1827.77, the Dow closing up 33.08 points or 0.35% at 9587.45, and the S&P up 2.73 points or 0.25% at 1118.53. Tech's winners today were AOL (AOL Time Warner) up 5.7%; SUNW (Sun Micro) up 5.4%; MU (Micron) up 3.9%, otherwise it was all no change or red change: Semi Capital: AMAT* (Applied Materials) down 2.4%; KLAC (KLA-Tencor) down 3.5%; NVLS* (Novellus) down 1.8%; IBM and DELL didn't go very far but HWP (Hewlett Packard) down 4.3%; AAPL (Apple) down 4.5%; GTW (Gateway) down 3.0%?Outside tech: Autos: GM (General Motors) up 2.4%; F (Ford) up 3.0%; DCX (Daimler-Chrysler) up 1.4%?Energy: DUK (Duke Energy) up 4.9%; ETR (Entergy) up 3.7%; ED (ConEd) up 1.1%?In the red: BioTech: AMGN (Amgen) down 3.9%; GENZ (Genzyme) down 2.0%; BGEN (Biogen) down 2.3%     -John DeMaio     The CEUT Universe     In Semiconductors: GNSS* down 14.1%; SIMG* up 28.5%; MTLK* up 13.7%?In Optical Networking: GLW down 11.5%     In IPOLand     VCA Antech, an animal health care service network, has applied for WOOF to be its ticker symbol for its planned $196 million IPO     Earnings     Friday: DRTN; TTIL 0.29  Monday: ABN; CWCI; GILTF -11.31; TSN 0.20   A Year Ago - 11/7/00     40 Years ago today Kennedy narrowly beat Nixon.... while I write the current Gore/Bush outcome is still not certain... it all comes down to Florida - home of Disney World and "Old Sparky" (the nick-name for the state's electric chair which recently set one prisoners head on fire during his execution) - culturally this state is a potpourri - the Northern section is Southern (among it cultural contributions - the rock group Lynard Skynard) and the Sourthern section probable has more New Yorkers than Albany and as many Cubans as Havanna.... W's brother is the Governor but remember he lost the first time around.  Yesterday I quipped that a Gore victory by the electoral college but not the popular vote would be bad for Wall Street and Main Street.  My focus was the disparity between the outcomes.  If Bush wins in the same fashion (not the popular mandate) - it will also be problem.  This hasn't happened since the 19 century when notions of popular sovereignty were different - a vast majority of today's citizens would have been legally excluded. A vote for the President is the only one shared by all Americans. It is a personal matter - explanations of victory based on understanding the 18 century origins of the electoral college, won't wash.   A candidate who wins the election with a minority of votes seems antithetical to someone regarded by many people as "the leader of the free world".       The Nasdaq and the S&P 500 closed where they opened.... was this a political statement? To quote Lou Reed: "I guess I just don't know and I guess I just don't know".  Some big names took a breather today (moving less than 1%): WMT (Walmart) HD (Home Depot) SUNW (Sun) PEP (Pepsi) KO (Coke) INTC (Intel) C (Citigroup) MMM (Minnesota Mining and Mineral) DIS (Disney) JNJ (Johnson & Johnson) and UPS. The Dow mimicked the sentiment by going up nearly 20 and down over 50 before ending off 25.... In IPOland - Transmeta - TMTA - was pure TNT - up 115% - haven't seen those kinda #s since dot.com days of yore - they make a special chip that uses less power.      -Bram Towbin
 Market Making List * 	 Financing History + 	 Board Seats = 	 Advisory Assignments
			 News Highlights
			 Terrorist camps in Iraq train hijackers, bioterrorists, according to defectors (NYT)  Saudi-binladin-group.com domain name purchased by 30-yr old web designer from L.A..  First registered 9/11/2000, with a preset expiration of 09/11/01.  Was expiration date a signal to attackers?  (Wired News)  FBI believes anthrax mailer is male, nonmuslim, born in U.S., based on evaluation of letters (CBS)  Japan forecasts economy will shrink 0.9% this fiscal year, worst performance since 1980  Consumer sentiment numbers due out today at 10 a.m. for October, likely to go down 4-5 points in 9/11 aftermath, to 78.4 versus 82.7 previous  PPI due out today 8:30 a.m., consensus -0.4%, on lower energy and car/truck, cap goods prices.    Argenbright Security, largest U.S. airport security firm, has employee turnover of as much as 400% a year in some airports (NYT)  Mortgage rates on 30- and 15- year mortgages hit lowest rates on record this week, at 6.45% for 30-yr and 5.94 for 1`5-year, according to Freddie Mac  FCC votes to gradually phase out spectrum caps, limits on how much of airwaves mobile telephone companies can hold in single market.  Lifts spectrum cap in urban markets to 55 mhz immediately, eliminate it completely on 1/1/03, and eliminates 55 mhz limit in rural areas.  Move could spark consolidation in industry; Western Wireless (WWCA), Dobson (DCEL), Leap (LWIN) mentioned as targets (Reuters).    Salomon Smith Barney to eliminate 10% of investment bankers (Reuters)  NYC legal firms suffering from lower wall street deal volume, with 4,200 jobs cut from June to Sept. in NYC, largest decline in 25 years, and many more coming post 9/11  Soundview receives bid for 40% owned Wit Capital Japan from Antfactory Japan, joint venture of Nikko Cordial and British internet incubator  AMD says it will return to profitability by 2Q02, gives 4Q guidance of flat to high single-digit revenue growth  ICAAN, non profit organization charged by govt to oversee Internet addresses, to discuss Internet Security at quarterly meeting next week, in response to 9/11 concerns  IBM introduces security software for online B2B transactions, using digital certificates.  Analysts say could be big boost for B2B commerce online (Reuters)  Palm CEO quits, company announces it will split into two businesses: software/hardware  Charter Communications stuck in #4 slot among cable players, says Street Wise Columnist in Business Week Online  BusinessWeek Investing Q&A column online "The Hot Spots in Software Stocks," features S&P analyst recommending  Symantec, Checkpoint , EDS, MSFT, ORCL, ACAD, PAYX, ADP, Electronic Arts; Veritas, BEA Systems (BEAS), Peoplesoft PSFT as hold because of valuation concerns, ITWO as avoid, J.D. Edwards JDEC as sell  Dynegy plan to buy Enron on hold pending credit review by Moody's.  MMO2 PLC, British Telecom's mobile phone unit spun off to shareholders valued at $9.43 billion on first trading day, half of forecasts estimated two months ago.  C.E. Unterberg, Towbin's Semiconductor Capital Equipment Silicon Valley Bus Tour  November 8 & 9: http://unterberg.com/conferences/bustoursignup.asp   Birthdays - Lou Ferrigno, the Incredible Hulk (1952); Mary Travers (Peter, Paul & Mary-1936); Carl Sagan (1934); Hugh Hefner (1926); Spiro Agnew (1918)  Futures Up
			 For a view of how the C.E. Unterberg, Towbin Universe traded - http://www.unterberg.com/terms/universe.html
			 The information contained herein is obtained from sources we believe to be reliable but its accuracy and completeness, and that of the opinions based thereon, are not guaranteed. C.E. Unterberg Towbin, or one or more of its partners, may have a position in any of the securities discussed herein. All rights reserved by C.E. Unterberg Towbin. May not be reproduced in whole or in part without prior written authorization. This report is not an offer to sell or solicitation of an offer to buy the securities mentioned herein.  *C.E. Unterberg Towbin makes a market in this security and/or has analyst coverage.  +C.E. Unterberg Towbin makes a market in this security and has been involved in a recent financing.


the problem is that I need to go at noon.


Hello Sean Crandall,

In this issue:
Feature: Is The Wind Still Blowing?  Earnings summaries of companies from across RWR's Energy Index.  All the news, commentary, and earnings reports, plus price performance and valuation charts.

Best regards,
Cary, Peter and the Team

What you need to know today

This edition includes:
In this issue:
Feature: Is The Wind Still Blowing?  Earnings summaries of companies from across RWR's Energy Index.  All the news, commentary, and earnings reports, plus price performance and valuation charts.

Download this report from the Reed Wasden website.  If a link does not appear above please goto http://www.reedwasden.com/members/download.asp?ID=110&email=sean.crandall@enron.com to download the report.

Thank you,
The Weekly Team

As always, we welcome any feedback on our research including questions and opinions.  To be removed from this mailing, reply to this email with 'UNSUBSCRIBE-Weekly' in the subject field.


Its a monthly nom for 413447

you're right - the swing deal 413462 needs to be extended to match the term
of 413447, as does the buyback 413472

Daren J Farmer
10/18/2000 03:48 PM
To: Lee L Papayoti/HOU/ECT@ECT
cc:
Subject: Chevron - Winter

Lee,

On deal 413447 (Chevron @ Olefins), we have a flex nom of 6,000 to
12,000/day.  Is this a monthly nom or daily nom?  Will we have a swing deal
with them for the winter?  The current swing deal is for Oct only.  For Oct,
they have pulled an average of 16,000/day.

D


Hi Andy,

Just in case it takes Greg some time to get back to you, due to his extremely
busy schedule, I wanted you to know your email was received.

Liz Taylor
Admin. Assistant to Greg Whalley

"Andy" <andy@episa.ch> on 01/31/2000 08:27:25 AM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: testing testing

i lost your email address - so i hope this works

my phone + 41 22 819 0850 or mobile + 41 79 293 5981, email just hit the
reply button

Interested to catch up with you (no bets allowed) sometime....
 - att1.htm


Here are the best clips on the FERC's Wednesday actions as of Wednesday
evening.  The decisons are to be out on Thursday.  However the press release
(attached) has some details I did not hear at the meeting.

Alan Comnes

---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/25/2001 10:30
PM ---------------------------

djcustomclips@djinteractive.com on 04/25/2001 10:26:25 PM
Please respond to nobody@mail1.djnr.com
To: 301882@mailman.enron.com
cc:

Subject: FERC in the News: USA:    UPDATE 1-FERC adopts plan to monitor
Calif. power market.

USA:
UPDATE 1-FERC adopts plan to monitor Calif. power market.
By Patrick Connole and Tom Doggett

04/26/2001
Reuters English News Service
(C) Reuters Limited 2001.

WASHINGTON, April 25 (Reuters) - A split U.S. Federal Energy Regulatory
Commission approved on Wednesday a plan to stabilize California's volatile
power market and stem market abuses.

Under the plan, set to take effect in late May and last for one year, price
relief measures will be imposed on California's wholesale power sales during
severe energy shortages.
The three-member commission split sharply on the plan, voting 2-1 for an order
that the majority believe will prevent power costs from soaring out of control
in California this summer.

Wholesale power prices have jumped tenfold in California in the past year, the
result of growing demand from the state's 34 million residents following a
decade that saw no major power plants added to its electric system.

FERC Chairman Curtis Hebert, a Republican, and Democrat Linda Breathitt
supported the order. Democrat William Massey dissented despite 10 hours of
talks aimed at reaching a consensus.

"California consumers can rest assured that the commission has been attentive
to their problems, and has worked tirelessly to ensure that they receive
necessary relief in a manner that does not compound current problems or
undemine longer-term solutions," Hebert said.

DISSENTING VOTE

Massey said that by limiting price relief to declared power emergencies,
FERC's actions would fall short of solving the severe problems plaguing the
California market.

"The evidence is pervasive that the problem exists 24 hours a day, seven days
a week. Now is not the time for half-a-loaf solutions," Massey said.

Under the plan, price mitigation would be triggered whenever the California
Independent System Operator (ISO) declares a power emergency.

The ISO, which manages most of the state's power grid, uses a three-stage
alert system, with a Stage One called when power reserves drop to within seven
percent of actual demand on the grid.

As demand eats further into the supply cushion, Stage Two and Stage Three
alerts are declared, with Stage Three indicating rolling blackouts may be
required to avoid overloading the grid and triggering far more widespread
outages.

California has ordered rolling blackouts four days so far this year, with
state energy officials predicting more are likely this summer when air
conditioning pushes demand to its annual peak.

FINDING A FAIR PRICE

The mitigation and monitoring plan's central element will require generators
to offer available power in real time using a "proxy" price established a day
ahead of actual delivery, FERC said.

The proxy price reflects the "marginal cost of the highest-cost generator"
asked to supply power to the grid.

This price will vary daily according to demand, the price of fuel used by
generators - such as natural gas - and the cost of complying with
environmental standards.

However, generators could charge more than the proxy price if they can justify
the higher cost when FERC reviews their sales records, which they are required
to submit at the end of each month. If those costs cannot be justified, FERC
can order the generator to refund the buyer.

FERC said all generators in California, even those not subject to the
commission's price regulations, are required to sell into the ISO's real time
price market as a condition of their use of the ISO's interstate transmission
lines.

Hydro-electric facilities were exempted from the plan because of their
generation limitations, which fluctuate according to reservoir levels and the
competing needs of others for those same water resources.

REGIONAL SOLUTION

The commission emphasized that the only real solution to the power supply
problems affecting the western markets was to forge a regional response.

Toward this goal, FERC said California ISO would need to file a plan to form a
regional transmission organization (RTO) by June 1, or forfeit the so-called
crutch of FERC's price-relief plan.

Among the many measures contained in the order, FERC told California utilities
to coordinate any temporary shutdowns of generating plants with the ISO to
ensure the state has adequate electric supplies at all times.

The order also formally opened an investigation by commission staff into
possible abusive wholesale practices behind power sales throughout the Western
region.

FERC said the plan would expire in 2002 as the California power crisis eases.
The state's rush to build new power plants is expected to put an additional
4,000 to 6,000 megawatts on the grid by next summer, enough to supply up to
six million homes.

Folder Name: FERC in the News
Relevance Score on Scale of 100: 96

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved

---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/25/2001 10:30
PM ---------------------------

djcustomclips@djinteractive.com on 04/25/2001 10:42:39 PM
Please respond to nobody@mail1.djnr.com
To: 301880@mailman.enron.com
cc:

Subject: FERC: AP NewsBriefs: Wednesday, April 25, 2001

AP NewsBriefs: Wednesday, April 25, 2001

04/26/2001
AP Online
Copyright 2001 The Associated Press. All Rights Reserved.

   Bush Comments About Taiwan Causes Stir

   TAIPEI, Taiwan (AP) - President Bush's bold comments about Taiwan
provoked quick reactions of concern Thursday in Asia, where a war
between China and Taiwan could devastate the region. Bush told The
Associated Press on Wednesday that U.S. military force is "certainly an
option" if China strikes Taiwan. He later said that America has an
obligation to defend Taiwan if China attacks. China had no immediate
comment about Bush's comments, and Taiwan's Foreign Ministry was also
silent.
   Grafts Can Restore Sexual Function

   DANA POINT, Calif. (AP) - Salvaging a nerve from the ankle, surgeons
have found they can rewire the penis so men achieve erections and have
sex after operations to remove their cancerous prostate glands. Doctors
say the nerve grafts are not as good as the original nerves, but they do
allow some men to regain sexual function when they otherwise would be
undoubtedly left impotent. "It seems to have promise, certainly over
doing nothing," said Dr. Joseph J. Disa, a plastic surgeon who performs
the surgery at Memorial Sloan-Kettering Cancer Center in New York City.

   Africa Ministers OK AIDS Drugs Plan

   ABUJA, Nigeria (AP) - African ministers agreed on a draft declaration
Wednesday calling on their countries to import and produce their own
generic AIDS drugs and to boost spending dramatically on AIDS programs
to fight the pandemic. African heads of state are expected to sign the
document Thursday at the start of a two-day pan-African summit on AIDS,
tuberculosis and other infectious diseases. Governments will then be
asked to ratify the agreement in their respective legislative chambers.

   South Pole Rescue Is Made

   PUNTA ARENAS, Chile (AP) - A rescue plane completed the perilous
first leg of flight home from the South Pole, carrying an ailing
American doctor across Antarctica before landing at a base near the
coast. The propeller plane carrying Dr. Ronald Shemenski, who is
suffering from a gall bladder ailment, flew from the U.S. base at the
pole to Rothera research station in just over eight hours. "They've
landed safely," said Valerie Carroll of U.S.-based Raytheon Polar
Services, which organized the airlift.

   Calif. Energy Prices Limited

   WASHINGTON (AP) - Federal energy regulators Wedneday directed limited
price controls on California's wholesale electricity markets, but the
order fell short of the sweeping price caps California officials have
wanted. The Federal Energy Regulatory Commission voted 2-1 to order that
wholesale prices be capped in California when electricity reserves fall
below 7.5 percent, triggering an emergency alert by power grid managers.

   Bush Debuts As Fund-Raiser-In-Chief

   LITTLE ROCK, Ark. (AP) - President Bush stepped out as the GOP's
fund-raiser in chief tonight, headlining an Arkansas dinner that netted
at least $700,000 for a key political ally, Sen. Tim Hutchinson. "I'm
here for one simple reason: This man needs to be returned back to the
United States Senate come election 2002," Bush told hundreds of donors.
Bush spoke largely about his own tax-reduction proposals, which he cast
as a matter of fairness.

   Problems Delay Space Station's Arm

   CAPE CANAVERAL, Fla. (AP) - Computer trouble prevented astronauts
from steering the international space station's new giant robot arm with
a 1 1/2 -ton load Wednesday and resulted in a cascade of other woes.
Communication between the space station and Mission Control was
disrupted, and the orbiting outpost was left to fly on autopilot. In
addition, an orbit-raising maneuver by the docked space shuttle
Endeavour was put on hold.

   Feds: Airlines Fly Too Much

   WASHINGTON (AP) - The Federal Aviation Administration reported
Wednesday that so many flights have been scheduled at certain airports
that there is no way all of those planes can take off or land on time.
The problem is so acute at eight airports that at least three of every
100 takeoffs or landings are delayed by more than 15 minutes. At
LaGuardia, 16 percent of all takeoffs and landings were delayed last
year, more than any other airport, FAA statistics show. Newark was
second, at 8 percent, followed by O'Hare with 6 percent.

   Tokyo Stocks Rise

   TOKYO (AP) - Tokyo stocks rose in early trading Thursday as the
Nikkei rose 141.43 points to 13,968.93 points.

   Bucks 103, Magic 96

   MILWAUKEE (AP) - Fired up by a flagrant foul from Andrew DeClercq,
Ray Allen scored a personal playoff-best 27 points as the Bucks beat
Orlando 103-96 Wednesday night and took a 2-0 lead in their best-of-five
series. Tracy McGrady scored 35 points, but just five in the fourth
quarter as the Magic, trying to be more physical than finesse, lost for
the 11th straight time to Milwaukee.

   AP NewsBrief by VINCENT K. WILLIS

Folder Name: FERC
Relevance Score on Scale of 100: 80

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved

---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/25/2001 10:30
PM ---------------------------

djcustomclips@djinteractive.com on 04/25/2001 10:54:19 PM
Please respond to nobody@mail1.djnr.com
To: 301880@mailman.enron.com
cc:

Subject: FERC: USA: The U.S. Federal Energy Regulatory Commission on
Wednesday approved    the ...

USA: The U.S. Federal Energy Regulatory Commission on Wednesday approved
the
formation of RTO West...

04/25/2001
Reuters English News Service
(C) Reuters Limited 2001.

24OEC/???WASHINGTON, April 25 (Reuters) - The U.S. Federal Energy Regulatory
Commission on Wednesday approved the formation of RTO West, an eight-state
system combining the transmission assets of nine utilities in the Pacific
Northwest.

U.S. regulators and Energy Secretary Spencer Abraham believe RTO West is a
step forward in addressing reliability issues in the region. The federally
owned Bonneville Power Administration is one of the utilities in the RTO
design.
An RTO is an organization that manages a bulk electricity transmission system.
RTOs are expected to play a greater role in maintaining the nation's power
grid as markets deregulate.

As part of the approval for RTO West, the commission also accepted a proposal
from some of the utilities to form a transmission company (TRANSCO) to operate
within the broader RTO West.

The FERC asked the RTO to make a submission to it by December 1 of this year
on its plans for including Canadian transmission and widening the scope of its
operations in a broader regional system.

RTO West first submitted its plans to the FERC last October. It includes nine
electric utilities serving eight western states with some 50,000 miles of
transmission lines.

The nine are Avista , BPA, Idaho Power , Montana Power , Nevada Power ,
PacifiCorp , Portland General Electric , Puget Sound Energy and Sierra Pacific
---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/25/2001 10:30
PM ---------------------------

djcustomclips@djinteractive.com on 04/25/2001 11:07:48 PM
Please respond to nobody@mail1.djnr.com
To: 301882@mailman.enron.com
cc:

Subject: FERC in the News: FERC Orders Limited California Price Controls

FERC Orders Limited California Price Controls
By Rebecca Smith

04/26/2001
The Wall Street Journal
A4
(Copyright (c) 2001, Dow Jones & Company, Inc.)

  Hewing more to the ideological position of the Bush administration
than to the urgings of Gov. Gray Davis and other California politicians,
a divided Federal Energy Regulatory Commission yesterday ordered limited
price controls for the state's flawed electricity market. The new
controls aren't likely to restrain runaway wholesale power prices this
summer.

   The order was approved in a meeting that began 10 hours late, as the
three commissioners locked horns over how far the agency should go to
restrain wholesale prices that have pushed one of California's big
utilities into bankruptcy and which now threatens the state's fiscal
health.
   The commission built on a staff recommendation, issued in March, that
suggested it act only at those times when electricity supplies are in
shortest supply. In its order, the commission decided to intervene
whenever state electricity reserves drop below authorized levels --
so-called Stage I, II and III emergencies.

   The price-mitigation plan appears to ignore evidence, filed by the
grid-operating California Independent System Operator, that generators
can substantially raise market prices even when supplies aren't
technically short. The ISO had recommended imposing price caps when
individual generating plants tried to charge far more than fair
production costs.

   Commissioner William Massey dissented, in part, from the order in a
sharply worded attack on the commission which he said hadn't done its
duty to protect energy users by restraining generators that overcharge.
As a consequence, he said, the "economic carnage" is spreading
throughout the West.

   Mr. Massey, an Arkansas Democrat, criticized the commission for
acting only when electricity reserves fall below 7%, "since this agency
is obligated to ensure just and reasonable prices in all hours."

   Under the order, generators will be required to submit cost data to
justify high prices during periods of electricity scarcity. They will be
allowed to collect the price they bid so long as it doesn't exceed the
price charged by the oldest, least-efficient plant operating at the
time. Such "proxy price" methodology enabled plant owners to collect as
much as $470 per megawatt hour in February or roughly 12 times the
prevailing price a year earlier.

   Support for the order came from commission Chairman Curt Hebert, a
Mississippi Republican, who said he didn't intend the commission to fall
into a trap of limiting market forces to the extent that "we hinder
efforts" to build new power plants and transmission lines that are badly
needed to correct California's supply-and-demand imbalance.

   Linda Breathitt, a Kentucky Democrat, was the swing vote who
eventually sided with Mr. Hebert. FERC staffers said she expressed
doubts about whether the commission was doing as much as it should. In
the meeting she acknowledged the "complexity" and "difficulty" of the
task but said she remained "steadfast in my belief that market solutions
. . . are preferable" to regulatory controls.

   The commission attached an unexpected condition to its order, saying
the price-cap scheme will be revoked June 1 unless the California grid
operator has filed a plan to become part of a region-wide grid-operating
organization. California's ISO had such a plan ready to file but it got
yanked when a new board, named by the state's governor, took control
recently. In recent months, Mr. Davis has urged increased isolationism,
even suggesting the state no longer export power.It isn't clear whether
FERC intends to permit California to continue to operate as a
stand-alone grid-running organization. More likely, it will be expected
to show it intends to become part of a multistate organization to
operate transmission lines in a nondiscriminatory manner. The commission
gave tentative approval yesterday to formation of a regional grid
operator that would encompass eight other Western states and would
include the transmission system of the federal Bonneville Power
Administration, the biggest power marketer and transmission owner in the
Northwest. Geographically, it would be the biggest regional grid
organization in the United States.

Folder Name: FERC in the News
Relevance Score on Scale of 100: 91

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


Jack:
Enclosed is a new draft of the Schedules marked against the previous draft.
I believe that this draft responds to most of the issues raised in your
e-mails.  Just a few additional thoughts:

1. Since we will be redoing all of the existing confirms to refer to this
Master, I did not change the language that states that conflicts between the
Confirms and the Agreement are resolved in favor of the Confirm.  I think
that the language as written works.

2. On the setoff language, when we are the Non-Defaulting Party, we can only
pull in other agreements between our affiliates and inland so I don't see how
this language would impact any agreements between ENA and guaranty Bank
unless Inland is the Non-Defaulting party.

3. With respect to Disruption Fallbacks, our view is that if the Confirm
specifies a Fallback reference Price that after Postponement, you would use
that price if available.  I think that the language works as drafted.

4. On cash collateral, the Qualified institution concept only applies when
the non-posting party is a Defaulting party or has a Credit rating below the
threshold.  Otherwise the non-posting party can hold the collateral and do
whatever it wants to with it.  Your are correct that in practice this cash
gets commingled with corporate funds and swept into the party's bank account
but there is no requirement taht it work that way.

We look forward to having a call with your group next week.  Please e-mail me
with some days and times so that I can alert our people.  thanks.

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


Notes from subject mtg.  Steve Stein - please schedule something where we can
get together and I can hand this off to you.  Need your involvement.

0)  Prior to the meeting - I had called Ben to let him know of my
transitioning to EES and that I wouldn't be there - he requested that I
come.  Keith Dodson reviewed and requested that I attend and xtion w/ Steve
Stein.  Steve Stein was to come to meeting, but didn't show.  Steve has been
requested to take charge by Keith Dodson.
1) Kay Mann, Ben Jacoby, Chris Booth, Ron Tapscott, and myself were present
at the subject meeting.
2)  Noone from EAS came except for me.  I called and Rigby came late.
3)  Discussed situation - Calpine evidently bought the Nov01 Westinghouse
Machine from Westinghouse, ending Calpine's interest in our "wet" 501D5A.
4)  Everyone agreed that Westinghouse wasn't "focussed" on resolving this.
Kay reminded the group that prior to litigating the contract called for a
"high level Mgmt meeting".  Everyone seemed to agree that it was time to call
such a meeting.
5)  Rigby to draft a rebutal letter to the 15 Feb Westinghouse letter (where
they again inferred that they had delivered the Generator, and if we wanted
the new one....., we needed to provide a purchase order).  In that letter,
Rigby will confirm that a)  we don't believe the machine was ever delivered,
b)  we have been delayed/impeded, and c)  LD's to the tune of approx $4MM are
due, and c)  we request the "high level mgmt meeting" prior to initiating
litigation.
6)  Letter will go out with Dan Shultz's signature - need highest level just
below Keith Dodson.  Since Dan had been involved...., the team chose him.  We
might consider putting the letter out under Steve Stein's name.  The letter
will also request that all future correspondance be addressed to John Rigby
(this was Ben Jacoby's request).
7)  Ben requested that if Dan Shultz gets any documents or calls......, that
he refer them to John Rigby.
8)  Kay to edit letter and get out the door Fri 23 Feb.
9)  Rigby working w/ Jim Boullion to expedite insurance
inspection/verification of coverage.  Bouillion will keep Rigby appraised.
Inspection needed ASAP to confirm Generator is "totalled".  Evidently, the
crate has now been opened, but....., our insurance inspector hasn't come
yet.
10)  Rigby to send email to Ben Jacoby's team every two days, detailing
progress/req'ed action.  The entire team is disappointed in the combined lack
of effectiviness of the "team" in getting this issue handled/resolved.
11)  Ben requested that EAS have their best resouce available to inspect the
generator with the insurance inspector - the team believes this should be Jim
Sutherland or his designee/equivalent.  Chris Booth to acompany also.
12)  Kay Mann confirmed that she had discussed the situation with the ENA
origination team that was "... on the ground..." at VEPCO...., and they
thought it was funny that anyone would think that the slipped Generator
delivery date didn't "delay or impede" our efforts to close that deal.  Also,
Kay reminded us that there was no tie between a specific project, and the
"delay/impede".
13)  At the high level Westinghouse meeting - who will be the senior Enron
rep?  Kevin Presto was discussed by Kay/Ben.  I discussed Steve Stein.  To be
discussed further.  At that high level meeting....., we need to insure that
Westinghouse sees that Enron really was "delayed/impeded" .  Until they
believe our claim for LD's has merit - they probably won't attempt to
compromise on a settlement.  Westinghouse has offered to give us our money
back (not confirmed, but Mark has offered to run that up the flagpole).  Ben
has requested approx $4MM more to cover IDC.  Westinghouse has said.... "no
way".  So...., we have approx a $4MM dispute.  Westinghouse doesn't believe
we have been delayed or impeded - they are not aware that we were in fact
impeded on Electrocities, nor are they aware of the broad interpretation of
delay/impede that would require them to pay LD's.  The team believes
Westinghouse is acting like they "delivered" the generator (in June 00), so
they can "act" like there should be even another reason that they don't owe
LD's.  The team believes that Siemen's position on "delivery" will change
once they debate that with a Rigby, Schwartzenburg, or a Kay Mann

Fred Kelly
Phone     713-646-6207
Mobile     713-851-9172


Hello all:

Here is a Master Swap amendment for Energen Resources Corp. If you have any
questions, please feel free to call.

Thanks,

Brad
ext. 57749


---------------------- Forwarded by Steven J Kean/NA/Enron on 05/10/2001
09:28 AM ---------------------------
From: Carol Moffett@EES on 05/09/2001 08:49 AM
To: Steven J Kean/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT
cc:

Subject: FYI From Marty Sunde:  Request for Ken to contact Chancellor Reed,
California State University System

FYI....
---------------------- Forwarded by Carol Moffett/HOU/EES on 05/09/2001 08:48
AM ---------------------------

	Enron Energy Services

	From:  Marty Sunde                           05/09/2001 08:16 AM
	Phone No: 713 853-7797 Phone
  888-953-9478 SkyTel Pager
  EB 889

To: Rosalee Fleming/Corp/Enron@ENRON
cc: Tom Riley/Western Region/The Bentley Company@Exchange, Vicki
Sharp/HOU/EES@EES, Lamar Frazier/HOU/EES@EES, David W Delainey/HOU/EES@EES
(bcc: Carol Moffett/HOU/EES)
Subject: Request for Ken to contact Chancellor Reed, California State
University System

Rosalee,

I have left Ken a voicemail request but thought I would follow up with a note
to you that might help clarify the request.

As Ken knows, Enron Energy Services recently won a STAY by the 9th Circuit
Court of an order by a lower court to require us to provide electricity
service to the UC/CSU systems directly versus via using PG&E and SCE
service.  The formal court hearing of the appeal is still scheduled for 60 to
90 days from now.
We would like Ken to phone Charlie Reed, Chancellor of CSU,  and solicit
Charlie's support for Enron, CSU, and the UC system to get back together to
attempt to work out a commercial resolution to these issues.
We believe that sponsorship and support coming from the most senior
executives' offices will help bring the parties together.
Additionally, if CSU and UC are interested in working out a settlement, we
would like to solicit their joint request for a delay in the court calendar.
This would allow both teams to focus on a commercial resolution versus
splitting their focus between a settlement and preparing briefs for the
appeal appearance.  We would like to see a delay request of one month, as
long as the setttlement discussions progress.
A desirable way to kick off settlement discussions would be to ask Ken to
have lunch with the Head of UC , Charlie Reed of CSU, and perhaps one
business lead (in this case, this could be me).  I am not sure that Ken's
schedule could accomadate that, but I thought I would ask.  If timing is bad
for a meeting like this, we can find a different alternative.

I will follow up with a phone call to you.  Hope this helps.


Following up on yesterday's conference call, SBX 32 (Alpert) will be
heard by the Senate Energy Committee on Tuesday.  The current bill
language will be amended to specify that direct access customers in the
SDG&E territory, will only be liable for the undercollection incurred
for energy purchases on their behalf, either by DWR or SDG&E, not while
they were receiving energy from an ESP.  UCAN may try to amend the bill
to make ESPs liable for the undercollection, but according to Senator
Bowen's consultant, this is a "non-starter."