---------------------- Forwarded by Kay Mann/Corp/Enron on 11/10/2000 04:56
PM ---------------------------

	From:  Christi L Nicolay @ ECT                           11/10/2000 03:15 PM

To: Richard Shapiro/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Jeff Brown/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT,
Ben Jacoby/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mike J
Miller/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Debbie
Chance/Corp/Enron@Enron, Patrick Hanse/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Edward D Baughman/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Tom Hoatson/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Bill
Moore/NA/Enron@Enron, Robin Kittel/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT, Charles Yeung/HOU/ECT@ECT,
Shelley Corman/ET&S/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Lloyd
Will/HOU/ECT@ECT, Maria Valdes/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Bob
Carter/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Sheila Tweed/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Kerry Stroup/DUB/EES@EES, Greg
Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, David L
Fairley/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Steve
Krimsky/Corp/Enron@Enron, Richard Lydecker/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Fred Mitro/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Reagan
Rorschach/NA/Enron@Enron, John Berger/HOU/EES@EES, Alan Larsen/PDX/ECT@ECT,
Rusty Stevens/Corp/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Mathew
Gimble/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Michelle Zhang/HOU/ECT@ECT,
Susan M Landwehr/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Joe Connor/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron,
Robin Kittel/NA/Enron@Enron, Karen E Carter/NA/Enron@Enron, Chris
Booth/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, ray.hoppe@enron.com, george.mccormick@enron.com,
wjennin@enron.com, joseph.wagner@enron.com, elizabeth.johnston@enron.com,
bill.rust@enron.com, Kevin M Presto/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT,
George Hopley/HOU/ECT@ect, Fletcher J Sturm/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Mike
Carson/Corp/Enron@Enron, Kyle Schultz/HOU/ECT@ECT, Eric
Saibi/Corp/Enron@ENRON, Grace Kim/NA/Enron@Enron, Laura
Podurgiel/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron

Subject: FERC Staff Investigations on Midwest and Southeast Bulk Power Systems

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


Mark -- I have another postcard that needs legal approval.  Could you review
when you get a chance?

Thanks

Kal

 - POST CARD.pdf


schedule
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/17/2000
12:54 PM ---------------------------

	From:  Cathy Phillips                           10/17/2000 10:38 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re: Corp Responsibility Task Force Meeting - Oct 25

Hi Jeff -

Mike said that this is a new task force that Joe Sutton is organizing and he
doesn't know much about it.  Mike said that our group needs to represented
and he is committed to a speaking engagement at lunch on that day.

Thanks for helping out.

CP

To: Cathy Phillips/HOU/ECT@ECT
cc:
Subject: Re: Corp Responsibility Task Force Meeting - Oct 25

what is this?

	From:  Cathy Phillips                           10/13/2000 05:12 PM

To: Stacy Walker/Enron Communications@ENRON COMMUNICATIONS@ENRON
cc: Jeffrey A Shankman/HOU/ECT@ECT, Jennifer Burns/HOU/ECT@ECT
Subject: Re: Corp Responsibility Task Force Meeting - Oct 25

Jeff Shankman will be attending for Mike McConnell.  His assistant is
Jennifer Burns.

Thanks.

Cathy Phillips
X-36898

	Stacy Walker @ ENRON COMMUNICATIONS
	10/13/2000 04:53 PM

To: Miguel Padron/SA/Enron@ENRON, Sanjay
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Buy/HOU/ECT@ECT, Bob
Butts/GPGFIN/Enron@Enron, Brian Redmond/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT,
Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stanley
Horton/Corp/Enron@ENRON, Eddie Clay/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
McConnell/HOU/ECT@ECT, Mitchell Taylor/Corp/Enron@ENRON, Hap
Boyd/EWC/Enron@Enron, Elyse Kalmans/Corp/Enron@ENRON, Vicki
Sharp/HOU/EES@EES, Jeffrey Sherrick/Corp/Enron@Enron, Dan Bruce/HOU/ECT@ECT,
Paula Rieker/Corp/Enron@Enron, Mark Schroeder/LON/ECT@ECT, Michael
Terraso/OTS/Enron@ENRON, Rob Walls/NA/Enron@ENRON, Brian
Stanley/EU/Enron@ENRON
cc: Karen E Campos/NA/Enron@ENRON, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT,
Dortha Gray/GPGFIN/Enron@Enron, Lillian Carroll/HOU/ECT@ECT, Inez
Dauterive/HOU/ECT@ECT, Isabel Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Cindy Stark/Corp/Enron@ENRON, Barbara
Hooks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cathy Phillips/HOU/ECT@ECT,
Rosario Boling/Corp/Enron@Enron, Sheila Petitt/EWC/Enron@Enron, Zulie
Flores/Corp/Enron@ENRON, Leasa Lopez/HOU/EES@EES, Christina
Grow/Corp/Enron@Enron, Mary Weatherstone/HOU/ECT@ECT, Laura
Valencia/Corp/Enron@ENRON, Beverley Ashcroft/LON/ECT@ECT, Laura
Glenn/OTS/Enron@ENRON, Debra Hicks/NA/Enron@ENRON, Charlotte
Tracey/EU/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON, Maureen
McVicker/NA/Enron@ENRON, Lauren Goldblatt/NY/ECT@ECT
Subject: Corp Responsibility Task Force Meeting - Oct 25

Reminder: please be sure and mark your calendars for this important meeting.
Also, please let us know if you will be sending a designee.  We appreciate
and look forward to your participation!

----- Forwarded by Stacy Walker/Enron Communications on 10/13/00 04:52 PM
-----

	Joseph W Sutton@ENRON_DEVELOPMENT
	Sent by: Pam Benson@ENRON_DEVELOPMENT
	10/05/00 08:17 AM

		 To: Rick Buy@ECT, Stanley Horton/Corp/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, Paula
Rieker/Corp/Enron@ENRON, Mark A Schroeder/NPNG/Enron@ENRON, Rob
Walls/NA/Enron@Enron, Brian Stanley/EU/Enron@ENRON, Sanjay
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Karen K Heathman/HOU/ECT@ECT, Cindy Stark/Corp/Enron@ENRON, Cathy
Phillips/HOU/ECT@ECT, Christina Grow/Corp/Enron@ENRON, Laura
Valencia/Corp/Enron@ENRON, Beverley Ashcroft/LON/ECT@ECT, Debra
Hicks/NA/Enron@Enron, Charlotte Tracey/EU/Enron@ENRON, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly Kimberly@Enron
Communications, Michael Terraso/OTS/Enron@ENRON, Lauren Goldblatt/NY/ECT@ECT,
Pam Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, (bcc: Stacy Walker/Enron
Communications)
		 Subject: Corp Responsibility Task Force Meeting - Oct 25

Thank you for responding to our invitation to participate in the first
Corporate Responsibility Task Force Meeting.  The meeting will be on
Wednesday, October 25, 2000 from 10:30 am to 1:00 pm in the Enron Building -
50th floor boardroom.  Committee members from London will be able to
participate via video conference.   Lunch will be served for those
participating in Houston.

I will chair the meeting assisted by Kelly Kimberly, Sr. VP of EBS who heads
our Corporate Responsibility initiative.

In the event that you are unable to attend, please let us know who will
attend in your absence.  Should you have any questions, please feel free to
contact Kelly at 713-853-1611.  We look forward to your participation.

Thanks for your support!


it was when i was mad.
-----Original Message-----
From: Jason.Wolfe@enron.com [mailto:Jason.Wolfe@enron.com ]
Sent: Wednesday, May 30, 2001 11:49 AM
To: Beth.Cherry@enform.com
Subject: RE:
is this true?
    -----Original Message-----
   From:   "Cherry, Beth" <Beth.Cherry@enform.com>@ENRON
             [mailto:IMCEANOTES-+22Cherry+2C+20Beth+22+20+3CBeth+2ECherry+40enform+2Ecom+3E+40ENRON@ENRON.com ]
   Sent:   Wednesday, May 30, 2001 9:10 AM
   To:     Wolfe, Jason
   Subject:
   well i AM mad  that you are being such a jerk about it, and it makes me
   sure as hell that i  would rather go camping BY MYSELF than spend a
   weekend with  you.


Please note that the below-listed WAPA offices, which have previously been
known under several names in our global counterparty database, will now be
known as the names in red.

WAPA-Colorado River Storage Project Manangement Center (CRSP)  (This office
is in Salt Lake City and was formerly known as Salt Lake City Area or Upper
Colorado)

WAPA-Desert Southwest Region (This office is in Phoenix and was formerly know
as Phoenix Area, or Lower Colorado)

WAPA-Rocky Mountain Region  (This office is in Loveland, Colorado and was
formerly known as Loveland Area, Loveland-Fort Collins Area, and Lower
Missouri)

WAPA-Upper Great Plains Region (This office is in Billings, MT, and was
formerly known as Billings Area, Upper Missouri, and Pick-Sloan Missouri)


mark,

Can you look into this?  You may need to check with Mary or Trisha on
transport capacity tickets for Dec forward.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/26/2001
01:24 PM ---------------------------

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           02/26/2001 12:51 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Tenaska IV Transport 10/00

Have you been able to work out these transport pricing differences for Oct.
2000?  We have only been able to pay $4,000.00 of the $28,000.00 invoice.
The pricing for Nov. 2000 (deal 452491) has problems too.  We have $0.01 for
11/3 at meter 20014804 and TXU is billing us $0.10 at meter 25000200 and
$0.02 at meter 20014903 for the entire month.

I have also noticed that we are not accruing any transport for Dec 2000
forward.  We have received the Dec. 2000 invoice from TXU, but we do not have
a deal to pay them.  We should be getting Jan. 2001 next week.  Is there a
deal for these months?

Megan
---------------------- Forwarded by Megan Parker/Corp/Enron on 02/26/2001
12:28 PM ---------------------------

	From:  Megan Parker                           01/05/2001 04:12 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:

Subject: Tenaska IV Transport 10/00

I took a look at the transport for TXU Lone Star for Tenaska IV for 10/00.
We mostly have price differences, but one deal needs some days added.  Let me
know if you need copies of the invoices.  The meters below are delivery
meters.  I wasn't sure what the receipt meters would be.

Deal 452491, Meter 20014903  Need to add days 24-26 and 28-31
     Need to check rate - We show $0.01 and we were billed $0.02

Deal 452491, Meter 25000200  Need to check rate - We show $0.02 and we were
billed $0.10

Deal 452475, Meter 25000200  Need to check rate - We show prices from $0.005
to $0.02
      and we were billed $0.11

Thanks,
Megan


Beck's Prime at 11:45 - a good halfway point.  Mike M. will be joining us.
Ben


Gary  Pollard 6
 Morton 6
 Allen 1
 Ferotte 6


It was not mentioned to me.  I'm copying rosie and vanessa to find out if
this was a simple referral (in which case you should keep the work to a
minimum -- return the call, but don't get distracted from your other efforts)
or whether Ken is especially interested in this and wants us to follow
through.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/12/2001 03:54 PM

		 To: skean@enron.com
		 cc:
		 Subject: Fellow referred to me by Ken Lay

Just got a call from a fellow named Jame Edgerly at the Enterprise Zone,
Inc.  He told me that Ken Lay (through Ken's secretary Vanessa) referred me
to him.  He is very interested in getting us to help him work with the
Legislature to establish an "Enterprise Zone" energy tariff to encourage
investment in California's Enterprice Zones.  Before I launch on the effort,
just wanted to check in and see if this rings a bell with you.  Thanks.

Best,
Jeff


I'm here.  Judy and Scott Goodell are out.

	From:  William Kelly                           09/12/2000 08:33 AM

To: Dan Junek/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Kyle Etter/HOU/ECT
cc:
Subject: Transport Issues

Would you be available to meet on Thursday @ 3:00?

EB32C2

I'll order cookies......

WK


Jim:
These assets are still owned, controlled and consolidated on ENE's balance sheet. This financing shows up as minority interest. I am on your calendar tomorrow afternoon and can explain further. I do not believe that we are in violation of any transfer restrictions.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Hughes, James A. <James.A.Hughes@ENRON.com>
To: Horton, Stanley <Stanley.Horton@ENRON.com>; Howard, Kevin A. <Kevin_Howard@ENRON.net>; Hayslett, Rod <Rod.Hayslett@ENRON.com>; Walls Jr., Rob <Rob.Walls@ENRON.com>; Donahue, Jeff <Jeff.Donahue@ENRON.com>
Sent: Mon Nov 26 21:43:25 2001
Subject: FW: Rawhide project

Gentlemen:

The info below is a little confusing.  I was never informed until now that anything of EGAS was in Rawhide.  If this is true and Enron has conveyed these assets to a structured vehicle, then we have breached transfer obligations on almost every deal, our debt may be in default and we need to understand the consequences asap as Subic and Batangas are the subject of current negotiations.

Jim Hughes

-----Original Message-----
From: Konur, Sanjay
Sent: Mon 11/26/2001 5:21 PM
To: Hughes, James A.
Cc: Ji, Lian; McIntyre, Kelley
Subject: Rawhide project

Jim,

Because of the nature of what they asked, I just wanted to keep you informed on this.

Global Finance has requested models, historicals, timings for disposal on the Rawhide assets.  These assets include Subic, Batangas, Guam, Gaspart, Centragas, PQPC, and TGS.  I was going to get them the info on the models and ask for Carol Howes' help on the historicals.  If neccessary, I will also set them up with people over here who can help explain the valuations.

Sanjay


Here's the solution I came up with. It will only take a few more minutes each
day, but I think it will make the EOL summary more relevant. Please let me
know if this plan suits you -

1. You will continue to receive the same EnPower/EOL summary, complete with
EES sleeves. If I take the EES deals out of this table, I have to adjust the
total megawatts accordingly. This could end up taking awhile, and I'm not
sure the effect would be worth it. Again, let me know if you agree, because
I'd like this report to be as applicable as possible.

2. I will run the EnPower deal count, excluding EES deals. I'll compare this
count to the original one to determine how many EES deals were done by each
desk, then double that number - to account for both sides of the sleeve - and
subtract. I'll enter the altered numbers into the graph, which should produce
a more accurate rendering of the day's activities.

I think I made it sound more complicated than it is. Bottom line, this should
solve the EES sleeve dilemma with little ado.

Kate


I just heard that Michelle Yee Lokay is leaving TW for Cook Inlet in LA.  I've never heard of her.  How about you.


fyi
---------------------- Forwarded by Karen Denne/Corp/Enron on 10/16/2000
04:23 PM ---------------------------
From: Diane Bazelides@AZURIX on 10/16/2000 04:22 PM
To: Elizabeth Ivers, Mark Koenig/Corp/Enron@ENRON, chensle2, Karen
Denne/Corp/Enron@ENRON
cc:

Subject: Litigation Response

Here's the response we're using on the litigation.


Kay:

Attached please find the documents that you requested.

Regards,

Marisa

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, May 24, 2001 5:44 PM
To: mreuter@kslaw.com; jkeffer@kslaw.com
Subject: NorthWestern

Hi there,

I would like to have one email with electronic versions of the letter
agreement, and all the attachments except the turbine contract.

Thanks,

Kay

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

Content-Transfer-Encoding: 7bit
Message-ID: <C73D1CFC0D15D311907600902746036FDFC777@nyexch1.ny.phjw.com>
From: "Murphy, Deirdre M." <DeirdreMurphy@paulhastings.com>
To: "'mreuter@kslaw.com'" <mreuter@kslaw.com>
cc: "DeBerry, Jeremiah A." <JeremiahDeberry@paulhastings.com>, "Wright,
Tremaine S." <TremaineWright@paulhastings.com>
Subject: Email on behalf of Tremaine Wright re: NorthWestern/Turbine Purch ase
Date: Mon, 21 May 2001 15:45:16 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: multipart/mixed ;
boundary="----_=_NextPart_002_01C0E4A3.089D69B0"

"paulhastings.com" made the following annotations on 05/21/01 15:45:31
----------------------------------------------------------------------------
--
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of
conventional first name and last name plus @paulhastings.com.  Here are
two examples: janesmith@paulhastings.com and danjones@paulhastings.com.
If you have any questions, please contact us at noc@paulhastings.com.

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

============================================================================
==

Content-Transfer-Encoding: 7bit
To:
Subject:
Date: Thu, 24 May 2001 18:49:09 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: multipart/mixed ;
boundary="----_=_NextPart_004_01C0E4A3.089D69B0"

 - ATT16903.txt
 - ATT16904.htm
 - #331617 v3 - NW Agreement Guaranty.wpd
 - #69012 v3 - Guarantee.wpd
 - #333343 v6 - Letter Agreement.doc
 - #333403 v4 - E-Note.doc
 - #334835 v2 - NWassignment.doc
 - #333345 v4 - LLC Agreement.doc
 - #333347 v3 - Escrow Agreement.doc
 - #333404 v3 - Promissory Note.doc


Enron Mexico Holdings 3 Ltd., a Cayman Islands corporation, changed its name
to Enron BW Holdings Ltd. on December 11, 2000.  At the same time its stock
was transferred from Enron North America Corp. to Enron Corp.  Evidence of
the name change is on file in the 48th floor corporate vault.

Please notify appropriate people in your group.

NOTE: Sylvia Hu - evidence to follow by hand.

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
FAX: (713) 646-8007
Email: kate.cole@enron.com


Michael:

It is circulating.  I really do not have any idea as to time frame.

Jeff

	Michael Slade
	12/12/2000 09:48 AM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc:
		 Subject: R: Michael Slade/LON/ECT is out of the office.

Hello Jeff - I'm not chasing at all, but wondered when the Unanimous Consent
might have been finalised - as you can see it won't delay the
recapitalization process but will be needed in due course for registration. I
promised I would let local counsel know a likely timeframe.
Many thanks for your help.

Michael
---------------------- Forwarded by Michael Slade/LON/ECT on 12/12/2000 15:51
---------------------------

"Venturini, Piero" <PVenturini@gop.it> on 12/12/2000 15:37:50
To: "'Michael.Slade@enron.com'" <Michael.Slade@enron.com>
cc:

Subject: R: Michael Slade/LON/ECT is out of the office.

Michael
apparently the notary is not going to raise problems but he is not going to
register the deed in his books until he receives the original of the proxy
(the unanimous consent can be attached to it later although it will be
mentioned in the deed).
When do you think the courier will be here?
Regards,

Piero

-----Messaggio originale-----
Da: Michael.Slade@enron.com [mailto:Michael.Slade@enron.com]
Inviato: luned_ 11 dicembre 2000 11.23
A: PVenturini@gop.it
Oggetto: Michael Slade/LON/ECT is out of the office.

I will be out of the office from 08/12/2000 until 12/12/2000.

I will respond to your message when I return.  If you require any urgent
assistance, please contact Nicola Beales on 0207 783 7279.


FYI
http://www.chron.com/cs/CDA/story.hts/metropolitan/935345


Nicely done!

From: PEGGY FOWLER/ENRON@enronxgate on 05/03/2001 07:03 PM
To: Mitchell Taylor/ENRON@enronXgate, Stanley Horton/Corp/Enron@Enron
cc:

Subject: Fwd: ONLINE RUMOR MILL PIECE ATTACHED

We ran the attached in our employee newsline this week, along with other info
from the week.....needed to address newspaper article and thought this was a
good way to do that.

-----Original Message-----
Date:  05/03/2001  03:31 pm  (Thursday)
From:  Kimberlie Zerba
To:  PEGGY FOWLER
Subject:  ONLINE RUMOR MILL PIECE ATTACHED


Dana:
That's fine.  Our guys will be at the plant when you get there.  Let me know
if you have any additional questions or concerns.  Thanks!
Ben


Applied Finance - May 31-June 1, 2001
in EB552   Cost:  $700.00

The objective of this program is not to teach you how to do a deal, but
rather, to give you a better understanding of how basic financial principals
contribute to the structure of a deal.    It will also provide you with
insight to Enron deals in order that you can make a contribution to the work
that goes into putting one together.

When you leave the program, you will have:

R An understanding of basic financial and accounting issues relevant to
Enron's transactions.
R A basic understanding of how Enron structures deals - the "deal space" and
how the financial principals discussed  relate to  Enron deals.
R The ability to take the financial principals and apply them to an Enron
deal.

Please login and enroll through the InvestInMe website,
http://www.corptraining.com/index.cfm?company=enron.  If you have any
questions, please call 713 853-0357.


You need to worry less about Cameron, because I think that it's one of those
very deeply rooted Mom/daughter things, and will take time to work out.

And I sense a phase that she's going through that is just like the one that
my older sister went through with my Mom around the same age (which I wasn't
particularly happy about, but I think it's normal, sort of).  I'd be happy to
talk about it if you want some time.

I think part of it is going to be that primordial thing where she's starting
her own gig with Scott and it's going to be like a second "breaking away"
(the one that comes after teen-age-dom).  So it's less about you and much
more about her (and Scott, to some degree, too).

I hope I'm not confusing matters more.

Hugs,
Jeff

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	05/29/2001 04:00 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE:

Payback is hell for loving ribbing.  Of course I love it - I just wish
someone could tell me how to stop making Cameron so angry!  My face is fine
thank you.

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, May 29, 2001 1:46 PM
To: Nancy Sellers
Subject: RE:

Yeah, tell me about it.   (Payback for what!?!?)

So that means you DON'T enjoy my loving ribbing?

P.S. My butt still feels like there's all these rubberbands wrapped around
it......(:

                    Nancy Sellers

                    <Nancy.Sellers@RobertMo        To:
"'Jeff.Dasovich@enron.com'"
                    ndavi.com>                     <Jeff.Dasovich@enron.com>

                                                   cc:

                    05/29/2001 03:25 PM            Subject:     RE:

So you packed up our entire car and left all your stuff - what a concept.

Payback is hell.

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, May 29, 2001 1:24 PM
To: Nancy.Sellers@RobertMondavi.com
Subject:

The bad news is I left my bag with clothes and toiletries at the Dome.  The
good news is it's a great excuse to have to go up again this weekend!

Thanks again for everything.  Really nice with only the
principals---smaller, more intimate, less mess---and the ping pong table is
a HUGE hit.

I hope you enjoy my loving ribbing as much as I enjoy yours.

Best,
Jeff


Mark,

Please prepare a term sheet which can be used as a Indicative Proposal for
our potential first Day Rate transaction.

The key issues other than call premium that need to be clarified are the
"posting language" and the determination period.

We will (if we reach agreement) be purchasing a series of calls and Chiles
Offshore LLC or Seacor Smit, Inc. (the entity which is currently the majority
owner of Chiles Offshore, LLC - but after the Chiles IPO, their interest will
be lowered to around 25%) will be selling the calls.

The Strike Price will be at a Day Rate of  US$70,000/day

The volume will be One (1) Rig * Day (rig multiplied times day).

Determination Period:  Jan 1, 2001 through Mar 31, 2001

Floating Price:  We need two sets of language here - to let the customer
choose from.

 a.   The floating price will be the Median of the High/Low of Day Rates for
Gulf Of Mexico, Jackups "Over 300' - C", as posted in the first printing of
the month of the Offshore Data Services, Offshore Rig Locator, page entitled
"Competitive Offshore Rig Day Rates",   (Mark, the day rates listed in the
June 2000 posting will be applied to each day of the preceding month (May
2000)).

or:

 b. The floating price will be the Median of the High/Low of the Day Rate
Range ($) for the Rigtype listed as JU-Over 300'-IC as posted each Friday of
the month.   (Mark, the price listed on Friday the 7th, will be for the first
7 days of the month)

I need to send this out Friday (tomorrow) afternoon.  As we discussed, we
need to include language that identifies that this is not definitive and
needs Enron Corp's board approval before becoming a deal.

I will carry a copy of the posting to your office before I leave this
evening.

John


Attached are David's insurance comments to the original O&M Draft.  Please
incorporate these into the agreement.

----- Forwarded by Gerald Nemec/HOU/ECT on 01/12/2001 02:55 PM -----

	David Marshall
	01/12/2001 02:30 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Re: O&M Agreement Draft

Gerald,

Sorry to not have gotten this to you sooner but I have been buried today
Please call me with questions


Steve,

Things seem to be under control as of noon today (Tue).
I look fwd to the evening with you, your wife and the
rest of the Woodlands gang on Saturday. I eat everything
except for broccoli.

Vince

-----Original Message-----
From: Stock, Steve
Sent: Monday, January 28, 2002 3:27 PM
To: Kaminski, Vince J
Subject: RE: Issues with Exotica Library

Vince,

Sean tells me that the structured deal libraries, probably requires a more thorough hand-over....

...do we have that expertise still in the building?... can we extend someone here to make that happen?

regards

Steve

PS: I hope you and your wife can attend on Saturday 6pm?.... is there anything you both can't eat? (vegetarian etc...)

-----Original Message-----
From: Kaminski, Vince J
Sent: Monday, January 28, 2002 11:28 AM
To: Yang, Sean; Rajan, Karthik; Stock, Steve
Subject: Re: Issues with Exotica Library

Karthik,
If you cannot find the answer, please call Zimin. I shall call him at home tonight as well.
Vince
--------------------------vince kaminski


Hi Carol

I don't know of any available nannies but will keep my ears open.  I used a
service, Nanny Professionals, and was very pleased with the quality of
candidates they sent over (our nanny has been w us for over 5 years).

Good luck on your search.

ps - Thanks for playing last week.  I look forward to playing again after
Thanksgiving.


Mr. Dawson,

Attached for your review is a draft of the Alcan Inc. Guaranty we are requesting on behalf of Alcan Aluminum Corporation.  We have set the guaranty up to cover physical gas and financial transactions with Enron North America Corp., and physical power with Enron Power Marketing, Inc.

On page no. 1, Alcan will need to complete the effective date and the State/Province of incorporation for Alcan Aluminum Corporation.  On page no. 3, Alcan will need to complete the contact information for Alcan Inc.

If you have any questions or comments, please do not hesitate to contact me at the below number, or by email.

Stephanie Panus
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803C
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490
email:  stephanie.panus@enron.com


I am using the following database, of which I am the owner.

Master Gas Agreements (Lotus Notes)

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


HOUSTON - Enron Corp. hosted its annual equity analyst conference today in
Houston.  Ken Lay, Enron chairman and chief executive officer, opened the
conference by highlighting Enron,s tremendous growth across all businesses
and the outstanding 700 percent return to shareholders over the past decade.
Enron presented key objectives for 2000:
? Continued strong growth in the core Wholesale Energy businesses.
? Break-out performance from Retail Energy Services.
? Rapid development of Enron Broadband Services.

Enron,s ability to extend core skills and competencies to new markets was a
recurring theme throughout the day.

Wholesale Energy Business
Growth prospects remain strong for Wholesale Energy Operations and Services,
Enron,s largest business.  Wholesale energy growth in North America is
expected to be driven by the continuing deregulation of power markets in the
United States and large-scale energy outsourcing by utilities and large
energy consumers.  Enron expects to continue to broaden its early lead across
the European continent as markets quickly open to competition.  Finally,
Enron is rapidly expanding its wholesale presence in other markets such as
Japan, where large customers will be permitted to choose their electricity
provider in March 2000.
EnronOnline will provide additional wholesale growth as incremental sales are
generated through this innovative, Internet-based transaction system.  Over
450 customers around the world have used EnronOnline and over 10,000
transactions have been completed since its introduction in late November
1999.  Yesterday, EnronOnline transaction levels reached a new record with
over 700 transactions, representing a notional value of $250 million.
Transaction processing costs with EnronOnline are significantly lower than
costs associated with traditional transaction methods.
Enron,s Gas Pipeline Group is also well positioned to continue growing, with
expansions planned or underway on several of its systems.

Retail Energy Services
With over 16,500 facilities under management, the infrastructure is in place
to service customers worldwide.  As the strong contracting momentum
continues, Enron Energy Services is poised to rapidly increase earnings in
2000.  Enron Energy Services, goal for 2000 is to sign new contracts
representing $16 billion in future expenditures by customers for energy and
energy services, nearly double the level in 1999.

Enron Broadband Services
The new name of Enron,s communications business, Enron Broadband Services,
reflects its role in the very fast growing market for premium broadband
services.  Enron is deploying an open, flexible global broadband network
controlled by software intelligence, which precludes the need to invest in a
traditional point-to-point fiber network.  This Enron Intelligent Network is
widely interconnected to both other wholesale bandwidth carriers and to
Internet service providers, thus providing the platform for two new Enron
business centers, bandwidth intermediation and broadband content delivery.
A direct transfer of Enron,s core market making and risk management skills
from its energy businesses, bandwidth intermediation will provide
capacity-holders a vast array of alternatives for flexible, low cost
capacity.  Enron will also provide premium broadband content services, such
as high-quality video-streaming and large broadband file transfer, with
differentiated levels of quality in a usage-based business model.
As announced in a separate release, Enron also reached an agreement with Sun
Microsystems that provides for accelerated development of broadband Internet
services.
Enron is one of the world,s leading electricity, natural gas and
communications companies.  The company, which owns approximately $34 billion
in energy and communications assets, produces electricity and natural gas,
develops, constructs and operates energy facilities worldwide, delivers
physical commodities and financial and risk management services to customers
around the world, and is developing an intelligent network platform to
facilitate online business.  Enron,s Internet address is www.enron.com, and
the stock is traded under the ticker symbol, &ENE.8
##
This press release includes forward looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Although Enron believes that its expectations are based
on reasonable assumptions, it can give no assurance that its goals will be
achieved.  Important factors that could cause actual results to differ
materially from those in the forward looking statements herein include
political developments in foreign countries, the ability to penetrate new
wholesale and retail natural gas, electricity and broadband services markets,
including the energy outsource market, in the United States and Europe, the
timing and extent of changes in prices for crude oil, natural gas,
electricity and those relating to broadband services and content, the timing
and effect of changes in interest rates, the timing and success of Enron,s
efforts to develop domestic and international power, pipeline,
communications, internet-related and other infrastructure projects, and
conditions of the capital markets and equity markets during the periods
covered by the forward looking statements.


Chris --

Given this development, now may be the right time for Enron to come in and
make a "public" offer to SDG&E.  We may be able to put some pressure on the
CPUC to approve a full requirements offer that works with the legislative
rate cap.

I'll be in contact with you to discuss.

Jim

To: James D Steffes/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Tim
Belden/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Jeff Dasovich/SFO/EES@EES
cc:
Subject: SDG&E Bilateral Authority Delay

Surprise, surprise.

SDG&E is afraid to do anything without the pre-approved reasonableness from
the CPUC which I don't think will be obtained.

Chris

Chris
---------------------- Forwarded by Chris H Foster/HOU/ECT on 09/11/2000
05:59 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Firooz, Sharon" <SFirooz@SDGE.com>
09/08/2000 05:32 PM

To: "Hart, Dana" <DHart@SDGE.com>, "'agalatic@internetconnect.net'"
<agalatic@internetconnect.net>, "'al_figueroa@vflet.com'"
<al_figueroa@vflet.com>, "'bbowman@coral-energy.com'"
<bbowman@coral-energy.com>, "'biggsbg@bp.com'" <biggsbg@bp.com>,
"'bob_anderson@apses.com'" <bob_anderson@apses.com>,
"'ccantor@sempratrading.com'" <ccantor@sempratrading.com>,
"'cfoster@enron.com'" <cfoster@enron.com>, "'david_metz@apsc.com'"
<david_metz@apsc.com>, "'dcazalet@apx.com'" <dcazalet@apx.com>,
"'dgordon@exchange.ml.com'" <dgordon@exchange.ml.com>,
"'dirk.andreas@nrgenergy.com'" <dirk.andreas@nrgenergy.com>,
"'dparque@ect.enron.com'" <dparque@ect.enron.com>,
"'dpenney@coral-energy.com'" <dpenney@coral-energy.com>,
"'emaddox@seawestwindpower.com'" <emaddox@seawestwindpower.com>,
"'gkosier@newenergy.com'" <gkosier@newenergy.com>, "'gluna@sempra-slns.com'"
<gluna@sempra-slns.com>, "'greg.kelly@gen.pge.com'" <greg.kelly@gen.pge.com>,
"'hreed@powersrc.com'" <hreed@powersrc.com>,
"'jackmcnamara.geothermal@att.net'" <jackmcnamara.geothermal@att.net>,
"'james.north@msdw.com'" <james.north@msdw.com>,
"'jay.alexander@southernenergy.com'" <jay.alexander@southernenergy.com>,
"'jdcoggin@srpnet.com'" <jdcoggin@srpnet.com>, "'jim_staggs@apses.com'"
<jim_staggs@apses.com>, "'jivey@utilicorp.com'" <jivey@utilicorp.com>,
"'john_h_stout@reliantenergy.com'" <john_h_stout@reliantenergy.com>,
"'jon.fischer@pacificorp.com'" <jon.fischer@pacificorp.com>,
"'jpmarchand@aep.com'" <jpmarchand@aep.com>,
"'Kristen_L_Sullivan@reliantenergy.com'"
<Kristen_L_Sullivan@reliantenergy.com>, "'lbryant@pnm.com'"
<lbryant@pnm.com>, "'leah.bissonette@williams.com'"
<leah.bissonette@williams.com>, "'Lhamilton@avistaenergy.com'"
<Lhamilton@avistaenergy.com>, "'marvin_k_ballard@reliantenergy.com'"
<marvin_k_ballard@reliantenergy.com>, "'medwar@ladwp.com'"
<medwar@ladwp.com>, "'njwa@dynegy.com'" <njwa@dynegy.com>,
"'peterc@calpine.com'" <peterc@calpine.com>, "'priced@epenergy.com'"
<priced@epenergy.com>, "'pscarpelli@retx.com'" <pscarpelli@retx.com>,
"'rproush@duke-energy.com'" <rproush@duke-energy.com>, "'rshimizu@mieco.com'"
<rshimizu@mieco.com>, "'sbvanleer@duke-energy.com'"
<sbvanleer@duke-energy.com>, "'shapp@caiso.com'" <shapp@caiso.com>,
"'stacey.kusters@powerex.com'" <stacey.kusters@powerex.com>,
"'szablyal@epenergy.com'" <szablyal@epenergy.com>,
"'tmcandrew@statoilenergy.com'" <tmcandrew@statoilenergy.com>
cc:
Subject: SDG&E Bilateral Authority Delay

SDG&E would like to inform you that  we did not gain authority from the
commission on 9/7 and cannot enter into bilateral trades at present; (2) we
anticipate receiving that approval on September 21; we will solicit new
proposals between now and then and look forward to your continuing
participation, as well as your assistance in gaining the necessary
regulatory approvals.  Thanks


---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 02/26/2001
06:43 PM ---------------------------

	From:  Kam Keiser @ ECT                           02/20/2001 03:29 PM

To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Harassment Avoidance Seminar

---------------------- Forwarded by Kam Keiser/HOU/ECT on 02/20/2001 03:27 PM
---------------------------
Office of the Chairman - Enron Wholesale Services
From: Office of the Chairman - Enron Wholesale Services@ENRON on 02/14/2001
10:31 PM
Sent by: Enron Announcements@ENRON
To: All_ENA_EGM_EIM, ENW-Employees
cc:
Subject: Harassment Avoidance Seminar

To contribute our personal best at ENRON, our conduct must promote respectful
and co-operative work relationships. Workplace harassment conflicts with
ENRON's vision and values and violates Company policy.  Harassment also can
violate federal and state laws.  By understanding what harassment is and its
potential harm, we can prevent it in our workplace.

We are pleased to announce that all employees of EWS and EES will receive
harassment prevention training soon.  This training is mandatory for all
ENRON employees.

During this training you will:

 Be able to recognize harassment
 Learn to take precautions against being harassed
 Learn to avoid being considered a harasser
 Know how to address a situation involving harassment
 Learn how harassment prevention is consistent with ENRON values

Please click here (  )  to sign up for the session of your choice.    If you
have problems registering or have any questions, please call 713 853-0357.

The dates and times available for the sessions are:

 Tuesday, Feb 20; 1:00 - 2:30; 2:45 - 4:15; 4:30 - 6:00
 Friday, Feb 23; 1:00 - 2:30; 2:45 - 4:15
  Monday Mar 5; 1:00 - 2:30; 2:45 - 4:15; 4:30 - 6:00

All training sessions will be held in the LaSalle Room at the DoubleTree
Hotel.


One more favor.  I'm arranging for a car to collect Greg & Mary Whalley on
Sunday, Oct. 15.  Can you give me the tail # of that plane?  It helps the
driver so very much.

Many Thanks,

Liz

"MARCELA WHITE" <JETCHART@TAVAERO.COM> on 10/09/2000 04:16:33 PM
To: <Greg.Whalley@enron.com>
cc:
Subject: Re: Liz

We got it, thank you.  Everything is set.
----- Original Message -----
From: <Greg.Whalley@enron.com>
To: <JETCHART@TAVAERO.COM>
Sent: Monday, October 09, 2000 1:58 PM
Subject: Re: Liz

>
> Marcela,
>
> I faxed it this morning.  Have you still not received?
>
> Liz
>
>
>
>
> "MARCELA WHITE" <JETCHART@TAVAERO.COM> on 10/09/2000 11:03:10 AM
>
> To:   <Greg.Whalley@enron.com>
> cc:
> Subject:  Liz
>
>
>
> Liz:
> Did you get my credit card form? As soon as you get a  chance could you
> complete it and return to me via fax. Thank you. I  need this prior to
> the trip departing this week. Thank you,  Marcela
>
>
>
>


You're not done yet big boy.
---------------------- Forwarded by John Arnold/HOU/ECT on 09/19/2000 05:34
PM ---------------------------

Julie Pechersky
09/19/2000 02:31 PM
To: John Arnold/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT, David J
Vitrella/HOU/ECT@ECT, Selena Gonzalez/HOU/ECT@ECT, Madhur Dayal/HOU/ECT@ECT,
Reza Rezaeian/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Anna
Santucci/NA/Enron@Enron, David J Botchlett/HOU/ECT@ECT
cc:
Subject: We need your feedback regarding the demonstrations you attended.

We really appreciate your attendance of the demonstrations of Reuters, Bridge
and Globalview software.  Please take a minute
to fill out the attached feedback form so that we will know what you thought
of each application.  Return the completed form to me.

Thanks again for you time!

Julie
39225


THANKS -  I'LL LOOK AT IT.

 -----Original Message-----
From: 	Arnold, John
Sent:	Thursday, October 11, 2001 7:01 PM
To:	Lavorato, John
Subject:

The y/y spreads have come in decently over the past week and a half.  The 2/10 spread has moved from 104 to 94.  It may be a good time to move the 3-10 to a cal 2 trade.  Pira just gave their seasonal conference in NY and they are very bullish long term gas.
	Pira's
	forecast		Nymex
Cal 2 	2.45		2.99
Cal 3	3.00		3.31
Cal 4	3.70		3.40
Cal 5	4.00		3.48
Cal 6	4.10		3.57
Cal 7	4.20		3.66
Cal 8	4.30		3.75
Cal 9	3.60		3.84		(TransAlaska Highway Pipeline)
Cal 10	3.80		3.93
3-10	3.84		3.59

Regardless of what you think of Pira and long term price forecasts, the rest of the market does listen.  They have a tremendous amount of respect in the industry and affect how customers and producers hedge.  The flow, which has been buyers over for the way backs, I think will get more pronounced, especially if the front goes down.

In the past week, I've sold Duke 40,000/d Cal 6-10 and 25,000/d Cal 7-10.  I've sold PGE maybe 30,000 day Cal 4-5.  The only seller has been El Paso whom I believe is hedging production.  He is trying to pressure the y/y spreads as a spec trade that I think was/is being done to front run the corp hedges.  I've used it as an opportunity to put a lot of spreads away for inventory down the road.  If you want to buy this strip back in the next 6 months, I think it's going to be much easier/cheaper to roll it closer.


We have received the executed Non-Disclosure Agreement between Allegro
Development Corporation and Enron Net Works LLC and EnronOnline, LLC dated
01/08/01.  Copies will be distributed.


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The report named: Power East P/L <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=17&report_name=Power+East+P/L&category_cd=5&category_name=EAST&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/29/2001>, published as of 10/29/2001 is now available for viewing on the website.


F Y I

---------------------- Forwarded by Carlos J Rodriguez/HOU/ECT on 02/22/2000
12:52 PM ---------------------------

Bryan Hull
02/22/2000 09:18 AM
To: Carlos J Rodriguez/HOU/ECT@ECT
cc:
Subject: Texas & HPLC Deals that end 2/28/00

Carlos, I added a line to these deals to include the 29th of February. I
wanted to let you, so if you have any questions or need anything let me know.
Bryan

The following deals have end dates of 2/28/00 and likely should be 2/29/00.
Take a look and change if necessary.

Note:  if a financial deal is associated with the deal it will likely need to
also be changed.

HPLC
83084
83088
166853
166026
157233
157284
147866

Texas
157564
124972
72047


-----Original Message-----
From: 	Martin, Thomas A.
Sent:	Tuesday, October 30, 2001 12:26 PM
To:	Bass, Eric
Subject:	FW: Inside FERC monthly survey reminder

 -----Original Message-----
From: 	"mhenergy" <mhenergy@yahoo.com>@ENRON
Sent:	Tuesday, October 30, 2001 10:13 AM
To:	kelley_doolan@platts.com; mhenergy@yahoo.com
Subject:	Inside FERC monthly survey reminder

Hello from Inside FERC,

Tomorrow (Wednesday) is the last business day of October, and it's the final
deadline for Inside FERC's Gas Market Report's November 2001 bidweek
spot-price survey.

Attached is an Excel workbook (IFMONTH2.XLS) to report your price data in.

Please take a moment to review the instructions at the top of the file. They
specify what kinds of deals to report and -- more importantly -- what deals
NOT to report.

Please note that a significant portion of our survey respondents are
reporting counterparties with their deals.  We want you to too. Please list
counterparties in the "comments" column. Counterparty information is held in
confidence and not shared with third parties.

Reported deals with counterparty information are treated as more reliable
than trades without.

Please make sure to add the name of a contact person for your company and a
telephone number to reach them with at the top of your price file.

When you are done, e-mail the price workbooks back to both
kelley_doolan@platts.com and MHENERGY@YAHOO.COM by 1:00 PM (Central), on
Wednesday, Oct. 31.

November monthly prices will be published on Thursday, Nov. 1.

As always, thanks for your help, and if you have any questions, please feel
free to call or e-mail me at the telephone number or address below.

Best regards, and I hope you and yours have a safe and happy Halloween,.

Kelley Doolan, chief editor
202-383-2145 kelley_doolan@platts.com

IF YOU WOULD LIKE TO BE TAKEN OFF THIS REMINDER LIST please either call me
or send an e-mail, and I will take you off right away -- KD

_________________________________________________________
Do You Yahoo!?
Get your free @yahoo.com address at http://mail.yahoo.com


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Ed

How are you doing on these reports.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/17/2000
09:38 AM ---------------------------

David W Delainey@ECT
06/29/2000 12:33 PM
To: Edward D Baughman/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Tammy R
Shepperd/HOU/ECT@ECT

Subject: Monthly Mid Market Coverage Report

Ed, sounds like you have this handled - I would like to use your report as
the example to use in other groups.  It can wait until you have it all
completed.  You may want to think about EOL as well (ie) how many companies
have you brought on-line, etc.

 summary:
  - coverage metrics;
  - market iniatives;
  - completed deals;
  - hot list;
  - EOL metrics.

Thxs
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 06/29/2000
12:30 PM ---------------------------

	From:  Edward D Baughman                           06/29/2000 10:34 AM

To: David W Delainey/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Tammy R
Shepperd/HOU/ECT@ECT
Subject: Monthly Mid Market Coverage Report

Dave:

I want to be sure I am on the right track for providing you ,John and Kevin
with meaningful account coverage data. I envision a one page
summary that provides you with a monthly and quarterly sub-region coverage
ratio. I propose that the quarterly coverage standard be set
at 100%. The monthly coverage standard would be at least 50%. These standards
would drive consistent, ongoing coverage of commercially
active customers. Less active or inactive customers would be contacted at
least once a quarter to determine status changes and propose
product structures. This reporting format would also place emphasis on each
commercial team's coverage effectiveness or lack thereof.  I will
derive this summary from a master customer list that will show contact dates
and specific comments on customer status. I anticipate this master
list to be 20-25 pages. I propose to provide you a copy of the master list
quarterly in order to corroborate the monthly summary. Do my proposed
coverage standards and reporting format meet your expectations?

In addition, I have asked my commercial teams to prepare regional business
plans by July 12. A primary component of these plans will be
identification of major new business initiatives by sub-region. Tammy
Shepperd asked me to provide you with an initial report this week. I
don't want to provide you with something "half-baked".  Is it acceptable to
allow my commercial teams to complete their plans then provide
you with our suggested initiatives by July 13 ?

Finally, I have provided Tammy with reports on 1st/2nd quarter completed
transactions plus a deal flow "hot list" .

Sorry for being verbose. Please advise.

Thanks,     Ed


Please find attached a document listing some key TCR dates for ERCOT.

The info was provided by

Pamela J. Dautel, MPH
Senior Analyst, Transmission Congestion and Renewables

ERCOT - The Texas Connection
2705 West Lake Drive
Taylor, TX  76574

512-248-3955  Telephone
512-248-3995  Fax
512-657-9168  Mobile

Thanks,
Martin


Hello Speakers!
?
My name is Joanna Vidal and I am the coordinator  for the Financial
Mathematics Training course being in held on the following  dates:
?
London on June 28 & 29
New York on July 9 & 10
Houston on July 16 &  17?
?
I am in the process of preparing the speaker packs  which will include an
updated contact information sheet with?all your  details.? You will receive
this pack shortly after you confirm your  addresses.? I will list them below
and I ask that you please look it over  and make any necessary corrections.?
?
?My contact details, for your information  are:
?
Joanna Vidal
Events  Coordinator
Risk Waters Group
T: (212) 925 1864 ext. 197
F: (212) 925  7585
jvidal@riskwaters.com
www.riskwaters.com

?
Thank you and I look forward to working with  you.
?
Duane Seppi
Carnegie Mellon University
Graduate School of Industrial  Administrations
Pittsburgh, PA 15213-3890
T: 001 412-268-2298
F: 001 412-269-8896
?
Helyette Geman
Universite de Paris Dauphine
Finance Department au de ka Grand  Ecole
Corgy Pontois, Paris
France 95021
T: 00 33 60-807-4200
?
Vincent Kaminski
Enron Credit
1400 Smith Street
Room EB1962
Houston, TX 77002-7361
T: 001 713-853-3848
F: 001 713-646-2503
?
Peter Nance
Teknecon, Inc.
1515 S. Capital of Texas Highway
Suite 101
Austin, TX 78746
T: 001 512-732-7084
F: 001 512-732-7099
?
Chris Harris
Innogy Holdings Place
Windmill Hill Business Park
Whitehill Way
Swindon, Wiltshire
UK, 5N5 6PB
T: 44 793 387-7777
F: 44 793 389-7811
?
Spyros Maragos
Dynergy, Inc.
1000 Louisiana Street
Suite 5800
Houston, TX 77002
T: 011 713-507-6589
F: 001 713-767-5958
?
Ehud Ronn
University of Texas at Austin
Department of Finance
McCombs school of Business
Austin, TX 78712-1179
T: 001 512-471-5853
F: 001 512-471-5073
?
?
?


CALENDAR ENTRY:	APPOINTMENT

Description:
	EB3907 Wisconson Gas Meeting with Chris Sebesta

Date:		12/5/2000
Time:		11:00 AM - 4:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Peter/Kay,

Attached is revised ESA Facility Agreement.  This includes the Optional
Electric Output Guarantee for the Brazil site conditions.  Since the spread
between the 8 unit average guarantee and the single unit is greater than in
the base contract the LD sample calc needed some work, which I took care of.

Kay/Kent,

I also took a swipe at the 17.4 Termination language rework. See if I what I
came up with works...if so, we can use on all other Facility Agreements.

I've added John Ayres to distribution.  John and I will be reviewing the
contract Monday AM at 8:30 in his office.  Kay, it would be good if you
could join us ...as we're in the home stretch.  Also, can you send Peter the
remaining Exhibits he requested (B-1 and H-2).

thanks,

Lee

-----Original Message-----
From: Thompson, Peter J. [mailto:peterthompson@akllp.com]
Sent: Friday, December 08, 2000 10:22 AM
To: Kay Mann (E-mail)
Cc: Lee. Johnson (E-mail); Kent. Shoemaker (E-mail); Cheryl. Lipshutz
(E-mail); Roseann Engeldorf (E-mail); Brett. R. Wiggs (E-mail); Ben.
Jacoby (E-mail); Pipitone, Paul; Taylor, Rob; Cobb, Chris
Subject: Enron South America Break-Out Agreement

    Attached please find a clean and blackline of the latest draft of
the Enron South America Break-Out Agreement.  The only changes made to
this version is the addition of today's date and the 72/25 split of
Change Order 3 in Section 6.2.  We are still missing the Agreement
Reference in section 6.7.1.  We haven't made any changes to the exhibits
since the last time they were circulated.  I will pull them out of our
Houston database and circulate them shortly.
 <<Enron South America Turbine Agreement (version 4 to 5).DOC>>  <<ESA
Break-out Agreement Draft of 12/8/00.DOC>>

 - Enron South America Turbine Agreement (version 4 to 5)_GEredline120900.DOC


Maricela, attached is a draft of one of the Purchase Agreements in conection with the Raptor unwind. Similar agreements are envisioned for each of the other Raptor structures. The plan is to dissolve each Raptor entity [except for the entities involved in Raptor 3, namely Pronghorn I LLC and Porcupine, LLC] the day following the LJM buyout -- in other words, prior to the end of the quarter. [In the case of Raptor 3, since the note is monetized into Hawaii, this will need to remain in place until the take out of the note.] Please prepare the necessary documents for filing with the Secretary of State to dissolve the following entities:

Grizzly I LLC,
Timberwolf, LLC
Roadrunner I LLC
Bobcat, LLC
Harrier I LLC
Talon, LLC

-----Original Message-----
From: Spradling, Mark [mailto:MSpradling@velaw.com]
Sent: Friday, September 21, 2001 10:48 AM
To: Mckean, George; Ephross, Joel; Vasconcellos, Brent
Cc: Osterberg, Edward; McCulloch, Bruce C.
Subject: Revised Purchase Agreement

Attached are the clean and redlined versions of the Purchase Agreement.

Mark R. Spradling
Vinson & Elkins L.L.P.
2300 First City Tower
1001 Fannin
Houston, Texas  77002
713-758-2828
713-615-5545 (fax)

For more information about the full range of services offered by Vinson &
Elkins, including our latest publications on legal topics, please visit our
website at www.velaw.com.
++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Stephanie:

As discussed, would you add the following names to receive daily gas and power contract termination notices:

Don Miller
Ed Baughman
Carl Tricoli
Tim Belden
Kevin Presto
Ed McMichael

   Thank you.


Thank you for finding out more about this entity. I am now able to confirm,
Ditto Credit.

	Tana Jones@ECT
	05/29/2001 04:37 PM

		 To: Marcus Nettelton/NA/Enron@ENRON
		 cc:
		 Subject: Re: FW: EOL Approvals: 05-18-01

This counterparty is a public corporation and a political subdivision of the
State of Nebraska (a governmental entity).  Sorry it took so long, I had to
search the web and I just now had time.

	Marcus Nettelton@ENRON
	05/20/2001 12:36 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: FW: EOL Approvals: 05-18-01

Please provide more information on this entity.

	Tana Jones@ECT
	05/18/2001 02:56 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: FW: EOL Approvals: 05-18-01

----- Forwarded by Tana Jones/HOU/ECT on 05/18/2001 02:56 PM -----

	Wendi Lebrocq/ENRON@enronXgate
	05/18/2001 02:49 PM

		 To: Karen Lambert/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Samuel
Schott/ENRON@enronXgate, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate, Debbie R Brackett/ENRON@enronXgate, Cynthia
Clark/ENRON@enronXgate, Enron Europe Global CounterParty/LON/ECT@ECT,
Stephanie Sever/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Claudia
Clark/ENRON@enronXgate, William S Bradford/ENRON@enronXgate, Lisa
Lees/ENRON@enronXgate, Juana Fayett/Corp/Enron@Enron, Jana
Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya
Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/ENRON@enronXgate,
Tanya Rohauer/ENRON@enronXgate, Kelly Lombardi/ENRON@enronXgate, Brian
Lindsay/Enron Communications@Enron Communications, EOL Call Center@ECT, Bill
D Hare/ENRON@enronXgate, Amy Heffernan/Enron Communications@Enron
Communications, Molly LaFuze/Enron Communications@Enron Communications, Danny
Clark/Enron Communications@Enron Communications, Stephanie
Panus/NA/Enron@Enron, Teresa Mandola/ENRON@enronXgate, Bill
Kyle/ENRON@enronXgate, Amber Ebow/ENRON@enronXgate, Thu Pham
Arnold/ENRON@enronXgate, Tandra Coleman/ENRON@enronXgate, Lesli
Campbell/ENRON@enronXgate, Wendi Lebrocq/ENRON@enronXgate
		 cc:
		 Subject: FW: EOL Approvals: 05-18-01

Please see attached

Regards,
Wendi LeBrocq
3-3835


I would recommend that we not insert Eric's comments regarding the
exhaust temperature and energy guarantees for combined cycle facilities.
As Eric indicates, this is a simple cycle plant, which is similar to
Fountain Valley.  When commenting on the Fountain Valley agreement, Lee
recommended that all references to exhaust temperature and energy
guarantees be stricken and we did so.  In addition, Lee has already seen
a version of the City of Austin agreement that had Sections 10.4.1 and
10.4.3 (the sections Eric would like to reinstated) stricken. Let me
know what you think, but I recommend we leave them out, particularly if
such sections are not necessary and would only be useful to have in the
future if the plant ever went combined cycle.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, February 06, 2001 2:28 PM
To: Thompson, Peter J.
Subject: Words to go with the other 2 emails regarding Austin

Here's what Eric wrote:

I revised the contract you sent me to make it site specific.  Those
changes
are redlined.  Please note that I have reinserted sections 10.4.1 and
10.4.3 as well as the defined terms that go with them.  These were
related
to exhaust temperature and energy.  I know this is a simple cycle plant
and
they typically aren't required, but I wanted to see if GE would
guarantee
it anyway.  It maybe helpful in the future if Austin Energy goes
combined
cycle.  If for some reason GE's lawyers specifically want to leave that
out, then they will probably also want to delete sections 10.4.2 and
10.4.4
(and their defined terms) since those also talk about specific exhaust
guarantees.  Let me know what they decide.

Exhibit A (site basis conditions) which I also revised was not attached
to
your file.  (It's right behind the sign-off pages in my hard copy.)  I
therefor hand marked up a copy and scanned it.  It is now attached as a
separate word file.

Exhibit F is "boiler plate" and shouldn't change.  Exhibit "U" is not in
my
hard copy.  My copy only goes up to Exhibit "T."   If you get something
from GE on Exhibit "U", send it to me and I will be glad to review it.


This one is for electric, I'll do the same for gas.

Thanks,
Elizabeth


>From: "stanley czajkowski" <sjplus5@hotmail.com>
>To: cardiac734@aol.com, cardiactech@adelphia.net, CertifiableX2@aol.com,
>cmarsh3892@aol.com, comet91000@worldnet.att.net, cwalker@borg.com,
>dianehalpin@AOL.COM, dwestwood@erols.com, emsequalnolife@aol.com,
>found@monumental.com, haasdc@borg.com, haasmb@netscape.net,
>jwalsh@medicorpihn.com, katwilliams@juno.com, kidd108@attbi.com,
>ladybee108@webtv.net, okfine66@aol.com, pd4byot@aol.com,
>rdavies@twcny.rr.com, s-t-a-k@msn.com, shedrick@erols.com,
>tina_leavy@msn.com
>Subject: Fwd: KEEP IT GOING
>Date: Thu, 17 Jan 2002 10:54:06 -0500
>
>
>
>
>>From: CMarsh3892@aol.com
>>To: Cardiac734@aol.com, Cardiac696@aol.com, Pita651@aol.com,
>>Sjplus5@juno.com,        Jwalsh@medicorpihn.com, Vamtblues@aol.com,
>>dwestwood@erols.com,        BJLord2@aol.com, Cahemming@hotmail.com,
>>QuackEMT621@aol.com
>>Subject: Fwd: KEEP IT GOING
>>Date: Tue, 15 Jan 2002 14:20:59 EST
>>
>>
>
>
>
>
>_________________________________________________________________
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Don, are any of your employees scheduled to work during the Thanksgiving holiday?  Please advise at your earliest.


Tanya:

Our legal group would like to schedule instructional seminars covering the
ISDA Schedule, Credit Support Annex, omnibus and other forms and,
specifically, the credit issues which arise in the preparation and
negotiation of these documents.  Our thought is to eventually offer regular
instruction every other month but we believe that initially we should offer
monthly seminars.

In order to avoid "legal/credit Tuesday" boredom, we propose Wednesday or
Thursday as a regular luncheon meeting date.  How does the week of February
19 or 26 sound?  I believe that we can circulate a "curriculum" of sorts to
you or at the least a listing of topics.

Please let me know what you think.  As always, we welcome your suggestions.

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


Hello all.

I haven't talked to many of you via email recently but I do want to give you
my new address for your email file:

    bjm30@earthlink.net

I hope all is well.

Brian McGuinn


In today's Daily Update, you'll find forward-looking research on
Celera Genomics (CRA), Arena Pharmaceuticals (ARNA), Diversa (DVSA),
Genome Therapeutics (GENE), Lynx Therapeutics (LYNX), Maxygen (MAXY)
Ballard Power Systems (BLDP), FuelCell Energy (FCEL), H Power (HPOW),
Hydrogenics (HYGS), United Technologies (UTX), Plug Power (PLUG) and
much more.

For free research, editor's picks, and more come to the Daily Investor:
http://www.multexinvestor.com/magazinecover.asp?nd=0605#investor
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5. INDEPENDENT'S INVESTMENT REVIEW: The451 explains why after the tech
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6. WORD FROM OUR SPONSOR: American Century: International Investing

7. HOT REPORT: Jefferies & Co. provides an update on the industry and the
public and private companies driving innovations.

8. INVESTORS' CHOICE: 3-DAY FAVORITE: Argus Research's team comments on
the economy's outlook and the Fed's next moves, as well their impact on
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9. EDITOR'S PICK: Friedman, Billings, Ramsey & Co. asks, "What is fair to
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The ideal environment for M&A -- Jefferies & Co. examines enterprise
software's mass-market appeal and its challenges.

The migration of e-business onto the Internet is being driven by
functionality and economies of scale the firm claims as it projects the
pace of "the mating dance" to speed up. Which are the likely candidates?
(20-page report for purchase - $50).
Click here.
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2. DAILY FREE SPONSOR REPORT
JDS Uniphase (JDSU) -- Morgan Stanley Stanley reiterates its rating on the
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"We recognize that JDSU shares already reflect much of the industry's
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Portfolio catch up in European stocks -- Lehman Bros. projects there'll be
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4. TODAY IN THE ANALYST CORNER
Market review and forecast for June 2001 -- Market Edge's Tom Ventresca is
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Ventresca's technical models are predicting a short-term neutral
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Business-process outsourcing (BPO) -- The451 explains why after the tech
boom, BPO is corporate America's salvation.

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7. WHAT'S HOT?
Fuel-cell technology -- Jefferies & Co. provides an update on the
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8. INVESTORS' CHOICE: 3-DAY FAVORITE
Responding to the U.S. growth recession -- Argus Research's team comments
on the economy's outlook and its impact on select stocks.

The report's authors pick Cisco (CSCO) as the "focus stock," evaluate 11
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Biotech: the significance of the genome -- Friedman, Billings, Ramsey &
Co. asks, "What is fair to expect of genomics, now and later?"

This comprehensive report also scrutinizes the following stocks: Celera
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I would love to attend but I am out of town.  Thanks. Lynn


I will be there.  And I'll be bringing a guest.