Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 12/27/00 09:46 PM -----

	"Rosser, Dianna" <drosser@velaw.com>
	12/27/00 08:45 PM

		 To: "'rwight@milbank.com'" <rwight@milbank.com>, "'mwilson@milbank.com'"
<mwilson@milbank.com>, "'philip.levy@chase.com'" <philip.levy@chase.com>,
"'jeffrey.w.dellapina@chase.com'" <jeffrey.w.dellapina@chase.com>,
"'melissa.c.vogel@chase.com'" <melissa.c.vogel@chase.com>,
"'kevin_p_kearns@fleet.com'" <kevin_p_kearns@fleet.com>,
"'renee_r_nadler@fleet.com'" <renee_r_nadler@fleet.com>,
"'richard_aidala@fleet.com'" <richard_aidala@fleet.com>,
"'jill_a_calabrese@fleet.com'" <jill_a_calabrese@fleet.com>,
"'James_r_mcbride@fleet.com'" <James_r_mcbride@fleet.com>,
"'mark_service@fleet.com'" <mark_service@fleet.com>,
"'Sean_o'neill@fleet.com'" <Sean_o'neill@fleet.com>,
"'ian.james@mourant.com'" <ian.james@mourant.com>
		 cc: "'teresa.g.bushman@enron.com'" <teresa.g.bushman@enron.com>,
"'joseph.deffner@enron.com'" <joseph.deffner@enron.com>, "Shouse, August"
<AShouse@velaw.com>
		 Subject: marked copies of changed documents

Attached please find marked copies of those documents that have been edited.
Clean copies of all the documents will follow shortly.

If you have any comments or questions, please feel free to contact August
Shouse or me.

Regards,

Dianna J. Rosser
Vinson & Elkins L.L.P.
Business and International Section
3300 First City Tower
1001 Fannin Street
Houston, Texas 77002-6760
tel: (713) 758-3688
fax: (713) 615-5899
email: drosser@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
 <<Enron Guaranty (comp. 4 and 5).DOC>>   <<Natural Gas Inventory Forward
Sale Contract (compare 3 and 4).DOC>>   <<V&E Legal Opinion (compare 1 and
2).DOC>>   <<Consent and Agreement (comp. 4 and 5).DOC>>   <<Consent and
Agreement between Enron Corp. and Chase Manhattan, blackline of 3 and
4.DOC>>   <<Confirmation Letter - Natural Gas Forward Sale Contract
(blackline of 2&3).DOC>>

 - Houston_419764_1.DOC
 - Enron Guaranty (comp. 4 and 5).DOC
 - Natural Gas Inventory Forward Sale Contract (compare 3 and 4).DOC
 - V&E Legal Opinion (compare 1 and 2).DOC
 - Consent and Agreement (comp. 4 and 5).DOC
 - Consent and Agreement between Enron Corp. and Chase Manhattan, blackline
of 3 and 4.DOC
 - Confirmation Letter - Natural Gas Forward Sale Contract (blackline of
2&3).DOC


Memorandum from Mary Nell Lovett  attached.
 - Memorandum.doc


fyi
----- Forwarded by Mark E Haedicke/HOU/ECT on 04/12/2001 01:03 PM -----

	Ruth Ainslie <RAinslie@isda.org>
	04/12/2001 11:47 AM

		 To: US REGULATORY COMMITTEE <USREGCOMM@isda.org>
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

Fax: +44 (20) 7330 9999
General Email: Helpdesk@allenovery.com
www: http://www.allenovery.com

Here is Dan Cunningham's memo on the above.

 - Memorandum for ISDA U.S.Netting Legislation.DOC


Here's the revised presentation.


The attached files contains our daily volume requirements for  08/30 and  the
following day(s) as listed .    In each file there are three  worksheets
labelled as follows:

'Total Reqs':  Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point.   The AGL volumes are not timely and should be ignored until
further notice.    CES schedulers note:  the attached file is archived on
P:\Energy Ops\Enron\Aug_00\Daily\ *.xls, so you don't have to save a duplicate
copy elsewhere on the network.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'Comments':

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 08-30-00 daily vols.xls


Shirley,

Please, remind me to order flowers for Paula Monday.

Vince


The MTBE plant went down about 1 a.m. on Saturday morning, May 20, as a
result of power failure.  Apparently lightning knocked out the power
substation.

The oleflex is starting up, along with the MTBE plant, and butamer.  Some
production is expected tonight with full rains possibly attained tomorrow.


Cliff:
I have 4 tix to the Black Crowes for you, third row center.  Where's your
office now? I'll come up and say hello this afternoon if you have a minute.
John


Steve,
Attached is a list of the Hub Deals we have currently in the system.  I tried
to reconcile them to the sheet you sent me but could not.  Please take a look
at these and give me a call.  Thanks.

DG
713-853-9573

Steve Richman@ENRON
09/06/2000 03:45 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Park and Loan sheet 2nd try

---------------------- Forwarded by Steve Richman/Corp/Enron on 09/06/2000
03:45 PM ---------------------------

Steve Richman
09/06/2000 03:41 PM
To: d.giron@enron.com
cc:

Subject: Park and Loan sheet

Darin, this is a summary of the Park and Loan deals that you should have. I
will need to talk to you regarding the Exchange deals that are included on
the summary of expected revenues. The only exchange that should be recorded
under enovate should be the enron exchange for $5,000. In that exchange PGL
Hub received molecules in June and returned them in July, ratable. Other than
that, if you have any questions call me at 312-541-1233.

Thanks-Steve Richman


So, what is it?   And by the way, don't start with the excuses.   You're
expected to be a full, gourmet cook.

Kisses, not music, makes cooking a more enjoyable experience.

"Jennifer White" <jenwhite7@zdnetonebox.com> on 10/17/2000 04:19:20 PM
To: jarnold@enron.com
cc:
Subject: Hi

I told you I have a long email address.

I've decided what to prepare for dinner tomorrow.  I hope you aren't
expecting anything extravagant because my culinary skills haven't been
put to use in a while.  My only request is that your stereo works.  Music
makes cooking a more enjoyable experience.

Watch the debate if you are home tonight.  I want a report tomorrow...
Jen

___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com


http://www.changes.com/1015allv1.html
These Last Minute Jamaica rates are for arrivals within 14 days.
Bookings must be made 2 days before departure, by 5pm,
in order to ensure delivery of travel documents.

Prices include: Round trip air, all departure taxes, transfers, all
meals, all drinks, all gratuities, all hotel taxes, applicable
watersports,etc.

Weekend air travel is slightly higher. Prices are subject to
availability.

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FYI news articles from Indian press.
---------------------- Forwarded by Sandeep Kohli/ENRON_DEVELOPMENT on 04/27/2001 08:24 AM ---------------------------

Nikita Varma
04/27/2001 07:51 AM
To:	Nikita Varma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:	 (bcc: Sandeep Kohli/ENRON_DEVELOPMENT)

Subject:	From The Enron India Newsdesk - April 27th newsclips

Friday Apr 27 2001, http://www.economictimes.com/today/cm03.htm
DPC board empowers MD to cancel MSEB contract

Friday Apr 27 2001,  http://www.economictimes.com/today/27comp11.htm
MSEB pays Rs 134cr under 'protest' to DPC

Friday, April 27, 001, http://www.businessstandard.com/today/economy4.asp?Menu=3
Enron India MD authorised to terminate PPA

Friday, April 27, 2001,http://www.financialexpress.com/fe20010427/top1.html
Foreign lenders slam brakes on disbursements to DPC , Sanjay Jog & Raghu Mohan
Global banks comfortable with Enron pull-out

Friday, April 27, 2001, http://www.indian-express.com/ie20010427/nat23.html
Enron: Dabhol chief gets powers to end deal with the MSEB

Friday, April 27, 2001, http://www.the-hindu.com/stories/0227000d.htm
Offer of renegotiation 'too late': Enron, By Mahesh Vijapurkar

Friday ,27 April 2001, http://www.timesofindia.com/today/27home2.htm
Enron ready to pull out, but lenders say wait

Friday, April 27, 2001, http://www.hindubusinessline.com/stories/142756dh.htm
DPC board authorises MD to issue PPA termination notice

Friday, April 27, 2001, http://www.dailypioneer.com/secon2.asp?cat=story7&d=FRONT_PAGE
Enron testing Maharashtra's nerves, T N Raghunatha

Friday, April 27, 2001,http://www.telegraphindia.com/
ENRON SIGNAL TO SWITCH OFF DABHOL POWER

Friday, April 27, 2001, http://www.thestatesman.org/page.news.php3?id=13026&type=Pageone&theme=A
Enron threatens to pull out

Friday, April 27, 2001, http://www.chalomumbai.com/asp/article.asp?cat_id=29&art_id=10006&cat_code=2F574841545F535F4F4E5F4D554D4241492F5441415A415F4B4841424152
'DPC may not wind up'

Friday, April 27, 2001, http://www.chalomumbai.com/asp/article.asp?cat_id=29&cat_code=2f574841545f535f4f4e5f4d554d4241492f5441415a415f4b4841424152&art_id=9953
Enron offers 'no comment' on renegotiation, H S Rao

 http://www.afternoondc.com/
'ENRON'S ON!'
State govt. to renegotiate Dabhol Power Project , By Hubert Vaz

THE ECONOMIC TIMES, Friday Apr 27 2001
DPC board empowers MD to cancel MSEB contract

THE ENRON power project crisis on Thursday deepened with the board of Dabhol Power Company authorising the management to issue a termination notice to the Maharashtra State Electricity Board even while international lenders to the project asked Enron to renegotiate power purchase agreement signed with the MSEB.
The decision to authorise managing director Neil McGregor to issue "notice of termination on the contract to sell 740 MW of power" was taken after the board prevented MSEB from voting on the ground that it was an interested party. The decision was taken with six votes in favour and the single opposition vote was cast by IDBI, sources said.

According to reports, financial institutions such as ANZ Investment Bank, Credit Suisse First Boston, Citibank, ABN-Amro and the State Bank of India have on Wednesday advised Enron against terminating its PPA with MSEB. MSEB chairman Vinay Bansal, who with two other directors attended the meeting on Wednesday representing Maharashtra's 15 per cent stake in the near $3-billion project, said: "The Indian side told them that it would be unfortunate if Enron broke the contract." While Bansal declined comment on the board decision, the sources said the Indian side had expressed its interest to holds talks on the issue rather than terminating the project and there were possibilities of a fresh power purchase agreement between the company and the state. (PTI)

THE ECONOMIC TIMES, Friday Apr 27 2001
MSEB pays Rs 134cr under 'protest' to DPC

 DESPITE the threat of a possible termination notice hanging on its head, Maharashtra State Electricity Board on Thursday made a "protest payment" of Rs 134 crore disputed amount, towards March bill of Rs 146.64 crore to Dabhol. "We were ready with the payment on Wednesday itself, but DPC officials could not collect the cheque due to the statewide bandh", a senior MSEB official said. "We have disputed payment of Rs 12.64 crore and it would be now taken up at the disputes resolution forum, of which Enron India managing director K Wade Cline and Krishna Rao are members", MSEB sources said.

Last week, DPC had dashed off a communication to the government and MSEB that it would not accept "protest payments" anymore. Cline had said the energy major shall treat such payments as an election to pay the sums, which MSEB in fact owed DPC in full and that the company would also not recognise the "purported protest or reservation". MSEB had paid a Rs 113.5 crore February bill in protest last month. On April 23 last, both domestic and international lenders of DPC had met in London and held exhaustive discussions the multinational's move to issue a termination notice to MSEB and state government. (PTI)

BUSINESS STANDARD, Friday, April 27, 001
Enron India MD authorised to terminate PPA

The board of the Enron-promoted Dabhol Power Company (DPC), at its meeting in London on Wednesday, authorised the managing director of Enron India to issue a notice for terminating the power purchase agreement to the Maharashtra State Electricity Board and the state government. "The board has authorised Wade Cline to serve the termination notice. However, this does not mean that the termination notice will be served immediately. It is only an enabling provision and will be used only if the situation arises," a state government source told Business Standard from London. He said DPC was under pressure from its lenders.
The DPC spokesperson here refused to comment on the issue. The hardening of the board's stand is in sharp contrast to the advice of DPC's lenders, who had warned Enron not to precipitate matters by issuing a termination notice. The lenders had arrived at a consensus that the termination notice need not be served at this stage. Serving of the notice requires a nod from the lenders, who have an exposure of about $2 billion in the project. Sources said given the lenders' strong opposition to termination of the contract, the Enron board's "enabling resolution" did not have much significance beyond conveying a hardening of its stand with regard to the current imbroglio. The Maharashtra Chief Minister had warned Enron not to scuttle the process of crisis resolution by issuing a termination notice. The state government is to nominate an expert group to renegotiate the terms of the Dabhol contract.
Enron holds 65 per cent in DPC, while US-based GE and Bechtel hold 10 per cent each. The balance 15 per cent is held by MSEB through a special purpose vehicle, Maharashtra Power Development Corporation. The MSEB representatives were not allowed to vote at the meeting since they were an interested party. The IDBI representative protested against the board's decision. The meeting was attended by state energy secretary VM Lal. The meeting was held against the backdrop of a dispute between MSEB and DPC over payment of bills.
After MSEB failed to pay Rs 102 crore towards the December 2000 bill, DPC invoked the state government's guarantee and then the Union government's counter guarantee. When payment of the Rs 127-crore January bill became overdue, DPC again invoked the state government's guarantee. MSEB retaliated on January 28, 2001 by slapping a Rs 401-crore penalty for non-supply of electricity at adequate levels. It demanded that DPC adjust the bills against this penalty. "This stand of MSEB was explained to DPC at the board meeting", a state government official said. The Centre also supported MSEB's stand and refused to honour the counter guarantee. The power company then invoked the political force majeure clause. A process of conciliation and arbitration between the Centre and DPC is currently on.
THE FINANCIAL EXPRESS, Friday, April 27, 2001
Foreign lenders slam brakes on disbursements to DPC , Sanjay Jog & Raghu Mohan
Global banks comfortable with Enron pull-out
Lenders to the Dabhol Power Company (DPC) are a sharply divided lot. International lenders, in direct contrast to the stand taken by local ones led by the the Industrial Develoment Bank of India (IDBI), are categorical that additional assistance to DPC's phase-II will be held in abeyance despite the completion of 92 per cent of the project work.The stage is also set for a preliminary termination notice to be served by DPC to the Maharashtra State Electricity Board (MSEB) within the next four weeks.This follows the authorisation given to Enron India's managing director K Wade Cline and DPC president & CEO Neil McGregor to serve the termination notice, and transfer notices to MSEB, following Wednesday's DPC board meeting in London.
The essence of the message from the international lenders following the London meeting with DPC board is: Emotions do not work. Contractual obligations and payments have to be met. We are convinced that the MSEB has failed to meet its obligations. There is no point in Enron continuing with the project and the company should get out of it.The structuring of DPC's debt has created two classes of lenders. In phase-I, international lenders are covered by a sovereign guarantee while in phase-II, no lender is. However, all lenders have a parri passu charge, making attachment of assets a messy affair.
Sources in international banks were quick to point out that local lenders to phase-II of the project are worried that an awry DPC project will affect their interests more given that they have no security - other than assets - like a sovereign cover. "It was this desperation that made local lenders like IDBI slash the interest rates a few months back to 16.5 per cent from 21.5 per cent," a leading foreign banker pointed out.Three points that were made clear and stressed in no uncertain terms by international lenders were: a) there are contractual obligations b) MSEB was not punctual in its payments to DPC and c) MSEB adopted a confrontational position by slapping a Rs 401 crore rebate charge on DPC for misdeclaration and default on the availability of power.
While local lenders led by IDBI - with MSEB parroting the same - were of the view that the current situation is a temporary one, international lenders were steadfast that pulling out of the project is the only way out. This is despite the stance taken by IDBI and MSEB that authorisation for termination given to Mr Cline and Mr McGregor was not called for. International bankers pointed out that they will now have to look at the issue of charges and protection for their loans in the event of the power project being scrapped in its present form.The points of contention are: a) that phase-I of DPC is backed by a sovereign guarantee b) phase-II is not and c) to the extent that phase-II is covered by assets, cancellation of phase-II may see all assets - even those under phase-I - getting attached. Therefore, an examination on the segregation of assets under phase-I and phase-II is now warranted.
PTI adds: In a significant move, DPC board has empowered its management to sever power supply agreement with MSEB, a move that could inflict a financial liability of about Rs 2840 crore on the Centre. A decision to authorise DPC president Neil McGregor to issue a termination notice to MSEB for sale of power was taken by the board at its meeting on Wednesday.
THE INDIAN EXPRESS, Friday, April 27, 2001
Enron: Dabhol chief gets powers to end deal with the MSEB

THE BOARD of Dabhol Power Company, a subsidiary of Houston-based Enron Corp, has decided to warn the Maharashtra State Electricity Board (MSEB) that it intends to pull the plug on its Guhagar-based project.In a board meeting held in London on Wednesday, the board decided to authorise DPC President and CEO Neil McGregor and Enron India's managing director K Wade Cline to serve a ''preliminary'' termination notice for sale of power to the MSEB within the next four weeks.The Dabhol project has been mired in disputes since MSEB began missing payments last year. MSEB owes Dabhol Power $48 million for power delivered in December and January. The payment ran into a dispute after MSEB slapped penalty notices of Rs 401 crore on DPC for its failure to supply power within three hours of the demand being placed.But MSEB has paid $24 million for February. And a payment of $31 million was made for March on Thursday.
The $3 billion Dabhol project is the largest foreign investment made in India to date. Issuing the preliminary termination notice could enable Dabhol to suspend deliveries as it negotiates payment disputes.While a preliminary termination notice is the first of three steps that could potentially lead to the abandonment of the project by Enron, analysts have described the decision as a ''procedural'' move consistent with DPC's negotiating strategy to recover overdue payments from the MSEB.
After the company issues the preliminary termination notice, step two would be an official termination notice, and step three would be a notice that the company is surrendering control of the project. If the project is terminated, the government of India will have to take a hit of $300 million besides paying bills of Rs 1,500 crore for the next one year to Enron as penalty. ''Our (Centre's) liability, if Dabhol power project is terminated, would be one year's electricity bill and a termination fee of $300 million,'' Power Secretary A K Basu said.''Contractually, the Centre will have to pay one year's electricity bill, totalling at present prices about Rs 1,400-1,500 crore, and take over DPC's debt, which stands at around $300 million, if the project was terminated,'' Basu said in Delhi. Dabhol Power is in the process of completing the second phase of the 2,184-megawatt power-plant project, which is 95 per cent through.
While the international lenders to the project are pressurising the company to get out of the project, Indian lenders, led by IDBI, are asking the company to reconsider its decision on its termination notice. During the meeting in London, MSEB which holds a 15 per cent stake in the project, had strongly opposed DPC's move to authorise Cline and McGregor to issue notices for termination.
MSEB Chairman Vinay Bansal and technical director Prem Paunikar - both directors on the DPC board - and the state principal secretary (energy) VM Lal, an invitee to the board, raised the issue at the board meeting in London. MSEB claimed that DPC was needlessly ''threatening'' to issue various arbitration notices and thereby interpreting the clauses of PPA in isolation.In recent weeks, Dabhol has raised the stakes in its spat with the MSEB, delivering a notice of political force majeure to Maharashtra - a step typically invoked to dissolve a contract in case of an emergency like a war, coup, or a similar radical political event. In this case, DPC's move was viewed as a threat to stop providing electricity.DPC has come under fire because of the relatively high cost of its power. Critics object to the company charging Rs 7.1 a kilowatt-hour for its power, compared with around Rs 1.5 a kilowatt-hour charged by other suppliers.
THE HINDU, Friday, April 27, 2001
Offer of renegotiation 'too late': Enron, By Mahesh Vijapurkar
MUMBAI, APRIL 26. The Enron-sponsored Dabhol Power Company, which last night authorised its local management to issue a notice of termination of its Power Purchase Agreement (PPA) with the Maharashtra State Electricity Board, has decided to keep a stiff upper lip. This, in turn, has stoked speculation that the switching off of power from its Phase I plant was imminent, while in reality, a lengthy procedure has to be followed as prescribed within the PPA.
As one source familiar with the PPA told The Hindu, ``it is not sudden death of the project'' and in all probability, the DPC, vexed with the developments, including sharp and pointed observations by the Godbole Committee, has chosen to only arm itself with a serious option. ``This would only eventually come into effect. It is not an overnight operation and a lot of legal work is involved''. Apparently, the DPC intends to do some arm-twisting.
At the board of directors meeting in London, which Maharashtra was initially disinclined to attend but later used the forum to put across its contentions on the project, the DPC squarely told the MSEB nominees on the board that the offer of renegotiation had come rather ``too late''. It also said it did not see any room for optimism about the outcome. It did not, however, rule out the option of talks, thus underscoring the possibility that the decision to authorise termination was a new weapon.
The Maharashtra Chief Minister, Mr. Vilasrao Deshmukh, had hoped that DPC would not take any ``harsh step'' which would cause lot of damage to the interests of both the independent power producer and the Government and today he expressed his dismay. In fact, the mandate of the team that went, on the strength of its stake in the DPC, was to put across the idea that negotiation was the requirement and not confrontation.
Echo in LS
The Enron issue also echoed in the Lok Sabha today where the Power Minister, Mr. Suresh Prabhu, said that scrapping of the agreement would cost the Centre Rs. 2,840 crores, whose liability in the project agreement was limited. The Centre's liability in case of termination is one year's electricity bill and a termination fee of $300 million.
Blow to FIs
The termination could prove to be a serious blow to the Indian Financial Institutions (FIs) which, under the leadership of the IDBI, were trying to convince the other lenders of the project against the notice. The exposure of Indian FIs in the project is understood to be not covered by any guarantee either of the Centre or the State.

THE TIMES OF INDIA, Friday ,27 April 2001
Enron ready to pull out, but lenders say wait

The Dabhol Power Company board, which met on Wednesday in London, authorised the company management to issue a termination notice to the Maharashtra State Electricity Board. The company, however, may not pull out of the project yet, considering its lenders, who met on Monday, opposed such a move and favoured renegotiations. Sources present during both the meetings said that though foreign lenders supported Enron on the termination issue, domestic financial institutions, led by the Industrial Development Bank of India, prevailed over the deliberations to oppose any such drastic move. Enron needs the lenders' consent to file a pre-termination notice for pulling out from the project. The decision to empower DPC chief Wade Cline to issue a termination notice was taken with six votes in favour against a single IDBI vote against such a move.
Another significant development during the entire proceedings was that the financial institutions made it clear that further funding of Phase II of the project will depend on the Government of India assuring payment mechanisms. Institutions are yet to disburse about 30 per cent of the sanctioned package, which is crucial for completing the Phase II expansion project. ``The board has given powers to Wade Cline to issue a pre-termination notice. But the meeting quite unanimously felt the need of the hour is not to terminate the project but to initiate serious re-negotiation proceedings,'' said MSEB Chairman Vinay Bansal, who attended the board meeting. ``MSEB presented their views to the board members and it was understood by Enron which also included the Rs 401 crore penalty issue which is heading for arbitration proceedings. ``We have also made it clear that the tariff structure of Enron is quite high and a downward revision of tariffs is unavoidable," Bansal added.
``They cannot issue a termination notice without our consent since our exposure in the project is quite large and the lenders should approve any plans in that direction,'' said a top banker who was present during the lenders' meet. ``There is a general consensus that the project must be completed and the proposal to terminate the PPA should be kept in abeyance,'' he added. The global arrangers for the DPC include ANZ Investment Bank, Credit Suisse First Boston, ABN-AMRO, Citibank and the State Bank of India, where all these parties conducted separate meetings with the company officials. However, some bankers said the company can file a termination notice even if one lender with a minimum 5 per cent exposure on the project favours such proceedings.
Meanwhile, in a clear reversal of roles, Maharashtra Chief Minister Vilasrao Deshmukh said that the state government was not keen on terminating the PPA. ``We will ask them to refrain from taking any such harsh steps since that would be bad news for all of us, including DPC,'' Deshmukh said. Deshmukh was echoing Union Power Minister Suresh Prabhu's sentiments, who said that the government wanted an amicable settlement of the payment row. He, however, added that termination of the project would not hurt foreign investments, and dismissed warnings by analysts that winding up the $2.9 billion project would be a blow to India's efforts to woo foreign investors.
The DPC has already slapped one conciliation notice on the Centre and three arbitration notices on the state government over non-payment of dues amounting to Rs 213 crore and interest towards the bills due for December 2000 and January 2001. Meanwhile, MSEB officials said in Mumbai that the March bills amounting to Rs 134 crore was paid on Thursday as protest payment, despite the dispute over the amount.
When asked on the future course of action, Bansal said it was up to the DPC.

THE HINDU BUSINESSLINE, Friday, April 27, 2001
DPC board authorises MD to issue PPA termination notice
THE board of directors of Dabhol Power Company (DPC) has authorised the Managing Director, Mr Neil McGregor, to issue the notice of intent to terminate its power purchase agreement (PPA) with the Maharashtra State Electricity Board (MSEB) ``at an appropriate time''. The decision was taken at a board meeting held in London yesterday. ``While MSEB, which is an `interested party', was not allowed to vote, it made a presentation clarifying its stand on the matter,'' a senior State Government official said.
The resolution to authorise the management to issue the termination notice was carried by six votes to one. IDBI voted against the decision, the official said. The serving of the preliminary termination notice will lead to a six-month ``suspension period''. According to clause 17.8 of the Termination Procedure, of the PPA: ``Following the giving of a preliminary termination notice, the parties shall consult for a period of six months (or such longer period as they may agree) as to what step shall be taken with a view to mitigating the consequences of the relevant event having regard to all the circumstances...''
IDBI and State Bank of India, the principal Indian lenders, had earlier persuaded the overseas lenders to hold their consent to the termination notice for some more time. At least one lender has to consent for the company to serve termination notice. It is understood that overseas lenders are in favour of termination of the project and are prepared to consent. However, domestic lenders are worried about the security of their advances if the PPA is abandoned mid-way.
According to institutional sources, Indian lenders are trying to get all the parties concerned to thrash out outstanding issues. The Maharashtra and Central Governments too are in favour of a conciliation. Mr Vilasrao Deshmukh, Chief Minister of Maharashtra, yesterday went on record that the State did not want the project terminated. Mr Yashwant Sinha, Union Finance Minister, is also understood to be of the same opinion. ``The DPC will now have to decide what is the `appropriate time' to serve the notice,'' the official said. MSEB pays Rs 134 crore: Meanwhile, MSEB has paid DPC Rs 134 crore towards its March 2001 bill. MSEB officials confirmed that the bill was paid `in protest'' today morning. ``They (DPC) had billed us for an amount of Rs 146 crore. We do not agree with some of the items included,'' a senior MSEB official said.
THE PIONEER, Friday, April 27, 2001
Enron testing Maharashtra's nerves, T N Raghunatha
Dabhol Power Company (DPC) has begun to put fresh pressure on the Maharashtra State Electricity Board (MSEB), the Maharashtra State Government and the Centre for an early resolution to the prolonged dispute between them, if the DPC Board of Directors' decision to authorise its managing director to serve a contract termination notice to the MSEB is any indication.
The DPC Board, in its meeting in London on Wednesday, empowered the company management to sever its power supply agreement with MSEB, a move that could inflict a financial liability of Rs 2,840 crore on the Centre. The decision to authorise the DPC management to issue a termination notice to MSEB was taken by a vote of six to one after the Maharasthra Government representatives were prevented from voting on the ground of "interested party".
When contacted, the company's Mumbai-based spokesperson, Mr Jimmy Mogal, declined to comment on the reports about the decision taken by the DPC Board. "We have nothing to say on the reports emanating from London. We will express our views after a few days," he said. However, Maharashtra Chief Minister Vilasrao Deshmukh on Thursday termed the DPC board's decision as "unfortunate". "We have already requested the company not to take any harsh decision", Mr Deshmukh said in Mumbai.
Official sources in the State Energy Ministry interpreted the DPC Board's decision as a pressure tactic employed by the Enron subsidiary to force the MSEB to clear the pending power bills without any further delay. Through its tough posture, the DPC wants to make its position stronger before it can formally agree for re-negotiations with the MSEB, the Centre and the State Government for cutting the price of power supplied by it to the State electricity board. The sources said that the DPC's reported decision to authorise its managing director to stop electricity supply to the MSEB did not mean that the Enron subsidiary would actually go ahead with the scrapping of the power contract with the MSEB.
"If anything, the DPC's reported decision is to mount additional pressure on the MSEB for clearance of pending power bills and put itself in a stronger position in settling its dispute with the MSEB. As part of its plan to arm itself with powers to break a contract in case situation goes beyond its control, the DPC had recently served a political force majeure to the MSEB, the Centre and the State Government," the sources said.Not surprisingly, the DPC's London decision comes on the heels of the Maharashtra Government's decision to set up a high-level committee, comprising representatives of the MSEB, the Centre and the State Government to re-negotiate with the Enron's subsidiary company for reducing the cost of power supplied to the State electricity board.Meanwhile, amidst the threat of a possible termination notice hanging on its head, the MSEB on Thursday made a "protest payment" of the Rs 134 crore disputed amount towards March bill of Rs 146.64 crore to DPC.
riday, April 27

THE TELEGRAPH, Friday, April 27, 2001

ENRON SIGNAL TO SWITCH OFF DABHOL POWER

Enron today took the first decisive step out of the controversy-ridden Dabhol Power Company when it won an authorisation from the company's board to stop sale of power to Maharashtra State Electricity Board (MSEB).
The meeting of the company, of which the Houston-based energy giant holds 65 per cent and the MSEB 15 per cent, was attended by state energy secretary V M Lal and MSEB technical director P Paunikar and it came days after its lenders discussed payment problems and a possible termination.The Centre's liability, if Enron decides to snap the agreement, will be a year's power bill and a termination fee of $ 300 million. However, the company will have to wait for six months from the day it serves the notice before it pulls the plug.The Centre shrugged off the move, saying there would not be any adverse effect on foreign investment in power if Enron walks out. "We do not see FDI inflows into the power sector being hit," power minister Suresh Prabhu said.MSEB officials said the ball is now in the court of DPC, which said its corporate policy did not allow it to comment on proceedings at board meetings. The decision coincided with a Rs 134-crore 'protest payment' by the cash-strapped power board as part of the March bill worth Rs 146.64 crore.
There was speculation that MSEB coughed up the amount to cool frayed tempers at Enron's hub in Houston, and because it was rattled by the sudden turn of events in the past few days during which the dispute had come to a head. MSEB officials brushed away the allusions, saying the cheque was ready on Wednesday but could not be handed over to DPC because of the state-wide bandh. "We have a disputed payment of Rs 12.64 crore, which will be taken up at the dispute-resolution forum," a board official said. Last week, DPC told the state government and MSEB it would no longer accept protest payments in a move to fortify its legal position.
MSEB officials say Bechtel and General Electric, the other partners who hold around 20 per cent in DPC, are willing to go along with Enron Corp in terminating the deal but financial institutions such as IDBI are not game because it puts their loans at risk. Investments made by Indian institutions are not covered under the Centre's and state's counter-guarantees, unlike those made by international lenders.Maharashtra chief minister Vilasrao Deshmukh called Enron's decision unfortunate. "We had told state government officials attending the Enron board meeting to stop the company from winding up its operations in the state as it will harm both parties."
THE STATESMAN, Friday, April 27, 2001
Enron threatens to pull out

 The Enron crisis deepened with the Board of Directors of the Dabhol Power Company deciding to authorise the managing director, Mr K Wade Cline, to serve a notice of termination on the contract for the first phase of the $2.9 billion power project.The decision, which could lead to the cessation of Dabhol's power supply to the state, was taken at the meeting held yesterday in London according to reports quoting the chairman of the Maharashtra State Electricity Board, Mr Vinay Bansal.
While DPC officials refuse to comment on anything, it is learnt that MSEB was itself prepared to serve a legal notice of termination just two days before the meeting.MSEB was said to have been dissuaded by the Nationalist Congress Party president, Mr Sharad Pawar, and union power minister Mr Suresh Prabhu, who had talks in New Delhi with the Maharashtra chief minister, Mr Vilasrao Deshmukh, and an MSEB delegation last Monday.
The state government has been served two arbitration notices while the Centre is ready to go for conciliation with the DPC for failing to honour its counter-guarantee.Further, the DPC has already slapped a notice of political force majeure which protects itself against undeserved claims in the event of exigencies that force it to take an extreme step.The union power minister, Mr Suresh Prabhu, contended in Delhi that since DPC contributed only 0.7 per cent of the total energy output of the country, its termination would not have such a phenomenal impact on the power situation.
However, if terminations proceedings go through, Enron Corp, a 65 per cent share-holder in the Dabhol Power Company, would stand to net a hefty amount in damages. The union power secretary has been quoted as saying that termination of the DPC would cost the Centre Rs 1,800 crore, which is the total of one years' electricity bill and a termination fee of $300 million. According to an energy analyst, Mr Pradyumna Kaul, the total liability would not cross Rs 350 crore. However Mr Prabhu said in the Lok Sabha today that the that scrapping of the agreement would cost the Centre Rs 2,840 crore.It is learnt that on 20 April, Mr Deshmukh had given the go-ahead to the MSEB to prepare a legal notice to be issued to Enron during the meeting of the DPC's Board of Directors on Wednesday. At the meeting, the energy minister, Padamsinh Patil, energy secretary, Mr Vinay Mohan Lal and MSEB chairman Mr Vinay Bansal, were also present.The notice was prepared over the past weekend and taken by the delegation when they called on Mr Prabhu on 24 April. However, the politicians convinced them that Enron would not get tough, given its huge stake in the project, and that such a notice would not be necessary. The meeting thus ended with the decision to renegotiate the power tariff, with Enron's consent.
Among those present at the London meeting were Mr Lal, Mr Bansal and MSEB technical director, Mr P Paunikar, in their capacity as directors. However, they abstained from voting since they were deemed an interested party. The only vote to go against the decision was that of the IDBI which is also represented on the board, it is learnt.The chief minister, Mr Vilasrao Deshmukh, said the state was not in favour of terminating the project. This could mean that the latest manoeuvre to arm-twist the Indian authorities could achieve its immediate target of getting the arrears accumulated over the past three months cleared.The MSEB owes Enron Rs 146.64 crore for March 2001 and Rs 229 crore for December 2000 and January 2001.The Centre today put up a brave face on Enron's decision saying there would not be any adverse effect on foreign investment in power sector in the country, PTI reported from New Delhi.
"There will be no adverse impact as a result of any action by any domestic or foreign company. As far as we are concerned there will be no adverse impact on FDI in power sector," Power Minister Suresh Prabhu told reporters when asked about DPC's decision to authorise management to issue a termination notice to MSEB.Emphasising that there would be no fallout of such decision, Prabhu said after the meeting of the Cabinet Committee on Economic Affairs "we are expecting cooperation from many Scandinavian countries as well as European nations in the power sector."In fact not only the Power Minister but also the Prime Minister of Norway was here to inaugurate a seminar on power and he promised lot of cooperation in the sector."

MID DAY
'DPC may not wind up'
Maharashtra Chief Secretary V Ranganathan has said that though Neil McGregor, managing director of the Dabhol Power Corporation (DPC), has been given complete powers with regard to DPC's operations in the state, including the authority to wind up operations, it does not necessarily mean that McGregor will issue such a termination notice. McGregor was given the powers at a meeting of the DPC board in London on Wednesday. Ranganathan said that state officials, including Maharashtra State Electricity Board (MSEB) Chairman Vinay Bansal and Power Secretary V M Lal, have reported back to him about the meeting in London.
With regard to the state's failure to pay Enron, Ranganathan said, " Bills are prepared as per the Power Purchase Agreement (PPA) and DPC owes some money to us. Our people informed Enron officials about this.. In fact, there was no reason to give powers to the MD to slap a termination notice."In the London meeting, MSEB and Industrial Development Bank of India (IDBI) representatives insisted that the DPC must pay Rs 411 crore since it could not supply power whenever needed.
Chief Minister Vilasrao Deshmukh has already termed as unfortunate the decision of the board of the Enron-promoted DPC to give McGregor powers to wind up operations. Deshmukh added, " We have already requested Enron not to take any harsh decision."Deshmukh had earlier said, " We have directed state Government officials attending the DPC board meeting to desist the energy company from winding up operations in the state, as it would be harmful to both of us."
Enron officials are keeping mum on the issue. McGregor said, " I am not going to give any comment."

MID DAY, April 27, 2001
Enron offers 'no comment' on renegotiation, H S Rao
A crucial meeting of the Board of Directors of the Dabhol Power Company (DPC), promoted by the US energy major Enron, was held here yesterday apparently to discuss fate of its $900-million power project in Maharashtra, but there was no official word on the Indian and state Governments' decision to renegotiate the contract.
An Enron spokesman declined to divulge what transpired at the meeting, saying the issues discussed at the meeting were 'confidential' . " We have not received any direct communication. Unless we get it and evaluate the details, we have no comments to make," the spokesman said when asked about the proposed decision on re-negotiation of the project in which the Maharashtra State Electricity Board (MSEB) has 15 per cent stake.
Asked whether the Board had taken a decision on empowering DPC Managing Director Neil McGregor to wind up its operations in India, the spokesman said he had nothing to say on them. Enron has reportedly authorised Mcgregor to look at various options including selling the company's stake in DPC. Maharashtra Chief Minister Vilasrao Deshmukh said in Mumbai that the state Government would pay up the undisputed dues to the company. He said the Maharashtra government " is not in favour of terminating the 2184-MW project, but wanted an amicable solution to the imbroglio."
MID DAY, Friday, April 27, 2001,

Committee to renegotiate Enron deal
A committee to renegotiate the Power Purchase Agreement with the Dabhol Power Company will be appointed by this evening, Chief Minister Vilasrao Deshmukh said today. Addressing media persons after his meeting with the noted social reformer Anna Hazare at his official residence Varsha, Deshmukh said the committee would be formed by this evening or by tomorrow, at the most.He termed as unfortunate the Enron board decision empowering DPC chief Neil McGregor to serve a preliminary termination notice on the Maharashtra State Electricity Board and said the state was willing to negotiate the issue with power company.
" Renegotiations will be held as per the suggestions made by the Godbole committee and the center will also depute its representative on the renegotiating committee. We don't want to take any hasty decision," Deshmukh saidHe pointed that the only bone of contention with the DPC had been its expensive tariff and hoped that the issue would be resolved amicably.When pointed that the Enron board had taken a decision to serve the notice despite state s willingness to appoint a renegotiating committee, Chief Minister said it was unfortunate.
Earlier, in his meeting with Hazare, Deshmukh promised to make necessary amendments to the Right to Information law recently passed by the state so that the information was easily accessed by the common people. He also gave a patient hearing to Hazare on his complaints of corruption in various state departments and promised action against guilty after a thorough inquiry within three months.

AFTERNOON, APRIL 27, 2001
 'ENRON'S ON!'
State govt. to renegotiate Dabhol Power Project , By Hubert Vaz
The US power giant, Enron Power Corporation's willingness to wrap up the Dabhol Power Project and leave the shores may not actually materialise, though the Dabhol Power Company chief, Mr. Wade Cline, has been authorised to do so, since the lenders for the project would have a decisive say in the matter.
Disclosing this, Chief Minister Vilasrao Deshmukh confirmed this morning that the state government would churn out a compromise formula by which the power project at Dabhol could be continued, and at the same time Enron did not feel slighted. "Enron has not yet conveyed to us about this decision. We are waiting for their letter," he said. When asked what sort of compromise the state government plans to forge, Mr. Deshmukh said, "Let our officers come back. After that we will decide a future course of action. But we are definitely going in for renegotiation of the project. It is very difficult to predict the outcome of Enron's decision but as of now the project is still on." When asked whether the project could be moved to another state, if wound up from Maharashtra, Mr. Deshmukh said, that was not possible as per the terms of the agreement between the US company and the state government. However, it was difficult for the project to move out of the state itself, he indicated. He also confirmed that both parties would face considerable losses if the project was terminated.
The board of directors of the Dabhol Power Company, which met in London on Wednesday, decided to put an end to all controversies surrounding the project once and for all by empowering the DPC chief to terminate the project, if he deemed it fit. However, this decision, as of now, does not necessarily indicate the death knell for the project. The Enron project, which had been riddled with controversies right from its inception, had been a pretext for the political parties in the state to drag each other on the mat from time to time. The previous Sena-BJP government, which had been out to terminate the project, however, chose to continue with it following renegotiations with Enron's top visiting officials like Ms. Rebecca Mark. And, the Democratic Front government inherited the controversial project when the governments changed hands a year and a half ago.
Meanwhile, State Energy Minister Dr. Padamsinh Patil, when contacted at the Osmanabad Circuit House, said the state government and the central government have decided to appoint a joint committee to renegotiate the project with Enron. "It is not easy for them to walk out of the project just like that. They will have to go in for litigation and this would prove costly for both sides," he said. In case the project is terminated, the government can still manage the power needs of the state, though it would be a bit tough job, he added.


never received a pass word.


I have no names for the questions or statements.

1. NSP wants to be set up for Confirmation by Exception.
2. Improve how soon we post system problems and include EDI customers.
3. Storage allocation should show injection or withdraw allocation in the Batch Schedule Status screen.
4. Provide Scheduled Quantities reports by date range in a format for downloading in to Access database.
5. GAS in Place is a moving capacity target, needs to be a 24hr number.
6. Cut notice should include the cut code.
7. Previous cycle cut codes do not show up on the final report.
8. Improve phone coverage from 7:30am until noon by CSR.
9. 8am Gas Control meeting interfeers with phone coverage, we should make sure to minimize how many reps. attend the meeting so phones are covered. Customers like assigned CSR.
10. Customers said cut notices are getting out consistantly.Customers would like cut notice by LE.
11. When are measured volumes final? Water vapor factor is figured at month end and customers should include in there montly calcualtion.


Fran.... Kerri Rigsby from Associates will be contacting you regarding the
Bridge Loan.  She needs a letter on file verifying that I will have these
funds.

We still need to decide where we are going to put this money. For right now,
we should plan on me signing the promisary note by fax, and then have a
cheque sent up to me in Canada so that I can consolidate with the rest of the
funds required for closing.

Thanks. BT


Yes - Sorry

 -----Original Message-----
From: 	Kishkill, Joe
Sent:	Wednesday, May 02, 2001 4:58 PM
To:	Lavorato, John
Subject:	Re:

I assume Sao Paulo is by video conference as well...kind of obvious, but just clarifying

From:	John J Lavorato/ENRON@enronXgate on 05/02/2001 04:29 PM CDT
To:	Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Harry Arora/ENRON@enronXgate, Edward D Baughman/ENRON@enronXgate, Sally Beck/ENRON@enronXgate, Tim Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Remi Collonges/SA/Enron@Enron, Wes Colwell/ENRON@enronXgate, Derek Davies/CAL/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Joseph Deffner/ENRON@enronXgate, Glen Devries/ENRON@enronxgate, Paul Devries/TOR/ECT@ECT, W David Duran/HOU/ECT@ECT, Chris H Foster/ENRON@enronXgate, Doug Gilbert-Smith/Corp/Enron@ENRON, Orlando Gonzalez/SA/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Ben Jacoby/HOU/ECT@ECT, Scott Josey/ENRON@enronXgate, Joe Kishkill/SA/Enron@Enron, Kyle Kitagawa/CAL/ECT@ECT, Fred Lagrasta/ENRON@enronXgate, John J Lavorato/ENRON@enronXgate, Eric LeDain/CAL/ECT@ECT, Laura Luce/Corp/Enron@Enron, Thomas A Martin/ENRON@enronXgate, Jonathan McKay/CAL/ECT@ECT, Don Miller/ENRON@enronXgate, Michael L Miller/ENRON@enronXgate, Rob Milnthorp/CAL/ECT@ECT, Jean Mrha/ENRON@enronXgate, Scott Neal/HOU/ECT@ECT, David Oxley/ENRON@enronXgate, David Parquet/SF/ECT@ECT, Beth Perlman/ENRON@enronXgate, Kevin M Presto/HOU/ECT@ECT, Brian Redmond/ENRON@enronXgate, Hunter S Shively/ENRON@enronXgate, Fletcher J Sturm/HOU/ECT@ECT, Mike Swerzbin/ENRON@enronxgate, C John Thompson/ENRON@enronXgate, Carl Tricoli/Corp/Enron@Enron, Barry Tycholiz/NA/Enron@ENRON, Frank W Vickers/NA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron, Greg Wolfe/ENRON@enronXgate, Max Yzaguirre/NA/Enron@ENRON, John Zufferli/CAL/ECT@ECT
cc:	Louise Kitchen/HOU/ECT@ECT

Subject:

Hello everyone.

In December we decided to kill our planned offsite due to market volatility.  Louise and I would like to get everyone together offsite, probably in late June (once Louise is back from holiday (just kidding)).  I think it's time to go have a little fun with the group driving Enron's success.

I would like suggestions as to:

1)  Where to go.

2)  What should be the focus of the business meetings.

3)  Should we have business meetings or should we do something else (ie. climb a mountain)?  I'm not a strong bid on climbing a mountain.

4)  And any other ideas you have.

In addition I would like to start having staff meetings about once a month.  The first one will be Friday May 11th at 2:30 p.m.  Please add this to your schedule.  I have invited everyone who has P/L responsibility.  Portland, Calgary and Toronto will have to be on Video or Phone conference.

Regards

John


Start Date: 4/20/01; HourAhead hour: 7;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042007.txt

Error retrieving HourAhead price data - process continuing...


The EPSA Leg. Affairs Committee is having a special meeting this afternoon (out of the normal biweekly cycle) to discuss how EPSA should respond to the Barton RTO discussion draft.  In addition to the e-mail yesterday morning, I spoke in person with Gene Peters of the EPSA staff to convey our strongly held view that mere "technical corrections" were not enough to fix the Barton RTO proposal, as the EPSA draft letter stated.  Gene came around because in a subsequent meeting we had with Rep. Chip Pickering (R-MS), a member of the House Energy and Air Quality Subcommittee, Gene said that silence would be better than what is in the Barton draft.

He did indicate to me (not to Pickering) that some EPSA members, without naming them, didn't want to come down too hard on Barton because in their view the draft could have been worse.  These unnamed companies (or company?) claim to have told of earlier versions not released that would have been more restrictive on FERC's discretion.  Some companies also think FERC could wiggle out of the strictures of the draft.  I told Gene that there is no way to wiggle out of the definitions of minimum size/scope that FERC would be forced to accept and the various procedural advantages for recalcitrant utilities.

While I am checking with counterparts at other EPSA members in advance of the afternoon meeting, you might want to do the same as you speak with contacts at other EPSA members.  I am confident we can get the EPSA letter to better reflect our position -- my suspicion is that the unnamed company Gene referred to is Reliant, but I can't prove it.

John


Tana,
Here are the details for TradeSpark:

Michael E. Williams, Managing Director
One World Trade Center
New York, NY  10048
212-938-5858
212-938-8724 (fax)
mwilliams@TradeSpark.com

Thanks,

Dan


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 - globpaper53.pdf


All:

The DWR contract analysis has now been updated to include the gas-indexed
deals.  The total out-of-market for executed contracts stands at $12
billion.  As you can see 7 counterparties hold contracts in excess of values
indicated by recent curves by $500 million or more.

Thanks goes to Mo Elafandi for pushing this analysis through the structuring
group.

GAC

Mark-to-Market of
DWR Contracts By Counter Party
($s, negative number means contract is above market)
Calpine	-$4,479,764,629
Coral	-$1,493,874,018
Williams	-$1,056,234,556
Dynegy	-$987,044,991
Allegheny	-$958,949,529
High Desert	-$674,251,353
Sunrise	-$551,894,408
Dynegy	-$471,117,317
GWF	-$432,339,191
Mirant	-$265,644,251
Constellation	-$165,463,637
El Paso 	-$128,334,382
Morgan Stanley	-$82,462,946
Alliance	-$75,169,854
PG&E Gen	-$63,165,408
Clearwood	-$41,423,566
IID	-$13,035,452
Duke Energy	-$2,052,733
Total Overmarket PV	-$11,942,222,221

 -----Original Message-----
From:  Comnes, Alan
Sent: Friday, July 13, 2001 9:23 AM
To: Comnes, Alan; Dasovich, Jeff; Thome, Jennifer; Shapiro, Richard; Steffes,
James; Mara, Susan; Perrino, Dave; Sharma, Ban; Belden, Tim; Alvarez, Ray;
Palmer, B. Scott; Palmer, Mark; Calger, Christopher F.; Calvert, Gray;
Etringer, Michael; Fillinger, Mark; Page, Jonalan
Subject: RE: DWR Stranded Cost Update

I am resending the same file as before (although to a larger group) and  need
to make a correction regarding one assumption.  I am told the analysis does
not yet include the gas indexed contracts.  We're working on getting them
included and when they are, the overmarket value will likely increase.
 -----Original Message-----
From:  Comnes, Alan
Sent: Wednesday, July 11, 2001 3:04 PM
To: Dasovich, Jeff; Thome, Jennifer; Shapiro, Richard; Steffes, James; Mara,
Susan; Perrino, Dave; Sharma, Ban; Belden, Tim; Alvarez, Ray
Subject: DWR Stranded Cost Update

Using information pulled together by Jennifer and BAN, I requested West
Tradings Risk/Structuring Group do a more careful analysis of the
above-market costs associated with the DWR contracts.  Attached is their
analysis.

In this analysis we examined only the executed contracts and NOT the
agreements-in principle.  (Only executed contracts were released by the state
in the last few weeks.) Also, gas-indexed contracts were examined on their
nongas costs only.  Since gas costs are a pass through on some contracts, we
excluded them as a conservatism; i.e., we did not ascribe costs to the gas
portion of the contracts since they will float with market costs over time.
These contracts were marked to market using current, applicable curves.
Finally we discounted at the LIBOR rate, which is around 4%/year.

The stranded cost under these assumptions  is approximately $10 billion.  The
spreadsheet shows the overmarket costs by contract.  Note: a negative
"mark-to-market" equals a positive stranded cost.

As before, this analysis is based upon Enron's confidential forward curves.
Approval from Tim Belden is needed before this analysis can be released.

Alan Comnes
 << File: Stranded Cost Analysis Structuring Confidential.xls >>

 << File: Stranded Cost Analysis Structuring Confidential.xls >>


Count me in please.


---------------------- Forwarded by David W Delainey/HOU/ECT on 09/08/2000
09:58 AM ---------------------------

Shawn Cumberland@ENRON_DEVELOPMENT
09/05/2000 08:04 PM
To: David W Delainey@ECT, Kay Chapman@ECT
cc: David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janie
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Calme EE Transition List

David:

As we discussed today, I am sending you this preliminary list of the Calme
employees.  I will also fax a copy to your attention at the Drake Hotel.

We still have some work in progress on the allocations of certain people.

Upon your return we can begin to review the individuals on the list.

The enclosed list indicates the current proposed "New Roles" for each of the
Calme employees.  As mentioned on the phone, we've allocated the employees
among:

Deploy immediately (however, certain individuals will have residual jobs to
complete)
Transition Team (TT) to carry out the deployments and asset disposals
LNG/Middle East to go to EGM
Southern Cone (SC) (for Venezuela and Colombia businesses)
EES (which primarily include our development engineers and certain
technical/operations people)

The table also indicates the Calme senior people (Resp Pty) assigned to
ensure that no individual falls through the cracks.

The column "Calme" merely indicates our current internal sub-groupings, and
you may wish to ignore it.

Please give me a call if you have any questions.

Shawn


It's been changed.

Evelyn Metoyer@ENRON
02/16/2001 02:12 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject:

deal 523883
Please ch term to 2/17 only.

Thanks!


-----Original Message-----
From: KSchier@Market-Bridge.com [mailto:KSchier@Market-Bridge.com]
Sent: Friday, January 25, 2002 3:54 PM
To: Corman, Shelley
Cc: Lisa Gold Schier
Subject: Hi

Hi Shelley,

Thanks for your message.  The best way to reach me is really at work (this
address), but I do check the home account a few times a week.

Anyway, how are you?  It must be wierd seeing your own company in the news
everyday.  Kim said that you were in a good spot to rebound if you needed
to when the dust settles.  That is a relief to us.

As far as the adoption stuff......we still have a long way to go.  Our home
study is being written up this week; we've finished the interviews and have
all of our documents into the social worker.  We are hopefully going to get
notification from the INS to get our fingerprints done within the next week
or so.  We're hoping the INS stuff goes quickly, because that is really the
only major thing we have left to get done.

We don't know where in Kazakhstan we're gonna go yet, but, we are about a
month from getting our name on the referral list; we'll probably find out
possible locations then.  I don't know how much Kim relayed to you, but
we're hoping for a healthy infant, and the rest doesn't matter as far as
preferences.  We are pretty excited already.

How is Alina? (spelling?)  Kim's description of her sounds wonderful.  You
guys must be having a terrific time getting to know each other again after
a few months separation.

Lets definitely stay in touch.  Maybe the next time you come through DC we
can have you over or meet somewhere.

Anyway, say hi to everyone for us.

Love,

Kurt

kschier@market-bridge.com
w - 301-961-8936
h - 202-234-8045
Lisa and Kurt Schier
2029 Park Road, NW
Washington, DC 20010


Jerry, this may be news to you.  I would like for the 3 of us to have dinner
Thursday evening and you are buying.

Comments - questions?


ENA also sold 100 MW of peak power (6x16) to PG&E for 5 years beginning in
January of 2001 delivered in NP15.  They declined our offer for flat (7x24)
power delivered in NP15 of $50.90/MWh.  The trade press is claiming that they
purchased 400 MW from Calpine delivered in the new Greater Bay Area zone for
around $51/MWh.  I believe that these values are lower than the current
generation component of PG&E's frozen rates.

PG&E procured these MW's through a traditional rfp.  This is a pretty clean
bilateral deal done outside of the PX.  We papered the deal using the EEI
master agreement.

From: Jeff Dasovich@ENRON on 10/16/2000 07:54 PM CDT
Sent by: Jeff Dasovich@ENRON
To: skean@enronl.com, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, Paul
Kaufman/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Susan
J Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra
McCubbin/SFO/EES@EES, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON,
Sarah Novosel/Corp/Enron@ENRON
cc:
Subject: ENA Successful in ISO Auction

In case word hasn't gotten around, ENA learned COB Friday, that it has been
chosen to engage in further negotiations with the ISO for about 450 MWs of
projects.  The preliminary award is based on ENA's response to the RFQ that
the ISO issued last month for "emergency resources."


All-
There will be a meeting tomorrow at 10:00 am in Capitol Room 317 to go over
our workproduct with Rick and folks from the Senate. Please reply and let me
know if you can be there. Let me know if there are any questions.

Many thanks,
Delaney


I didn't see this in the competitive analysis folder.  As always, it is good
to know you are on top of it.

Thomas D Gros@ENRON
12/04/2000 06:04 PM
To: Mary Solmonson/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, James Whitehead/Corp/Enron@ENRON
Subject: Re: WWW.EnergyClear.com

These guys are using the technology we saw last week from OnExchange.  Amerex
called me today to ask us to participate or (if we deemed it necessary) to
take the lead in this project.  As always, James has the competitor info
database on this stuff.  Please copy him on all material like this.

All the best,

Tom

Mary Solmonson@ECT
12/04/2000 05:27 PM
To: Thomas D Gros/NA/Enron@Enron, Sally Beck/HOU/ECT@ECT
cc:

Subject: WWW.EnergyClear.com

Sounds like this .com will be a direct competitor for FIX and maybe even
FMM.   We need to watch for more details.

www.energyclear.com


Mark,

Ouch, that stings.  Hopefully you are the only one that knows!  I know you
can close the deal anyway!

Mike

Mark Frevert@ENRON
09/26/2000 08:59 AM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Re: EGM information

I dont like your chances if you can't spell " Gonzelas "  right!  Mark


Daren,

Deal # 450391 has been entered in Sitara as a spot wellhead purchase from
Wagner Oil Company.  The deal is for 250/d at meter # 9859 priced at IFHSC
less $0.11.  The deal  was not in Vance's nom.

Bob


-----Original Message-----
From: Gay, Randall L.
Sent: Thu 12/20/2001 8:12 AM
To: Miller, Stephanie
Cc:
Subject: RE: ECS Sale

Stephanie:  scott never called back yesterday, after repeated calls.  I called him a few minutes ago, and he wanted his lawyers to talk to Gerald, before they make a deal.  So at least the ball is starting to roll.  Will let you know what happens.  Thanks

Randy

-----Original Message-----
From: Miller, Stephanie
Sent: Thursday, December 20, 2001 7:56 AM
To: Gay, Randall L.
Cc: Nemec, Gerald
Subject: ECS Sale

Greetings Randy:

Did you ever make the sale to Scott at Sid Richardson? (or anyone else for that matter)  If so, please get the information to Gerald Nemec.

Thanks.

STephanie


CALENDAR ENTRY:	REMINDER

Description:
	Angela's sonogram

Date:		5/16/2001
Time:		8:00 AM (Central Standard Time)
Not for public viewing

Chairperson:	Stacey W White

Detailed Description:


You are enrolled in XMS (Expense Management System)  For New Users

Session Dates & Times:
  11/20/2000  1:00:00 PM-4:00:00 PM
Location: EB564
No Show/Participant Fee: $ 0.00

If you have any questions, please call the Technology Training Coordinator at
713-853-1816.
A copy of this email has been sent to your manager who must contact
the Technology Training Coordinator  within 5 days to approve your
registration.
Thank you.


You're invited to search and register:

Tuesday, March 6

Investinme.enron.com is a new tool to help you manage your professional
development.
It brings together the listings of internal programs, as well as access to a
database of
external programs, on-line courses and materials

Double Click  and select launch.

Web site demonstrations
EB 568 on March 5, from 1-5 PM (every hour), and March 6, from 9-5 (every
hour)

Questions?  Please call the EWS Development Center  X 3-0357.


Recent occurrences of missing PMI Information and
observations regarding today's 10 minute price data:

* We experienced difficulty with BEEP last evening (3/6/01) with
interval 6 of HE24. The Ex-post Market Information for HE24 and the 10
minute price data for Hour 24 interval 6 is not presently available on
either the OASIS or SI/PMI sites.

* On Monday (3/5/01),  We experienced system difficulty with the SI
system which prohibited us from completing the Hour 18 automated real-time
processes.  Therefore, ex-post data for Intervals 1-3 in the Ex-post 10
minute price information and Ex-post market information for Hour 18 is also
not currently available.

    We expect to publish this missing data later
today, and barring any unforeseen delays, will provide notification upon
completion of the re-publication of the missing data.

* Also, we have observed  in the 10 minute price data for TODAY for
Hour 06:00 Intervals 1 and 2 a negative INC/DEC price (-5.17) is present.
We have verified that this information does reflect the actual dispatches
and is correct.

  Regards,
  Ginger Y. Seitles
   <<...OLE_Obj...>>  California ISO
  Market Operations
  Phone: (916) 351-4420
       Pager: (800) 901-1898


Can you answer?
----- Forwarded by Dan J Hyvl/HOU/ECT on 11/01/2000 02:23 PM -----

	Phil DeMoes@ENRON
	10/30/2000 02:01 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject:

Dan,

Do we have a C.A. in place with Tennergy or Jackson Utility Division ?


---------------------- Forwarded by Jackie Young/HOU/ECT on 04/11/2000 09:32
AM ---------------------------

"Allen, John S." <john.allen@lyondell-citgo.com> on 04/11/2000 08:34:41 AM
To: "'Young, Jackie'" <jyoung@enron.com>
cc:
Subject: FYI - Gas flow

You will see a change later today in gas flow, going from 15 + 5 = 20 to 15
total for flow date 12.


is your voice healed or are you going to use a real time messenger?


Bernadette,

Given the amount of time that has expired sense we started working on this, I
thought it would be a good idea for you to review the agreement again with
regards to our agreed changes and respective guaranties.   Please let me know
if I failed to incorporate any revisions.  I will forward originals for
execution upon approval from  your.

Best 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


I'll give 150.

	Enron Capital & Trade Resources Corp.

	From:  Jeff Skilling                           04/19/2001 05:18 PM

Sent by: Sherri Sera
To: Cliff Baxter/HOU/ECT@ECT, Rick Buy/HOU/ECT, Ben Glisan/HOU/ECT@ECT,
Steven J Kean/NA/Enron@Enron, Jeffrey Sherrick/Corp/Enron, Philippe A
Bibi/HOU/ECT, Michael Brown/NA/Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A Hughes/ENRON_DEVELOPMENT,
Louise Kitchen/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT, Greg
Piper/Corp/Enron, John Sherriff/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Janet
R Dietrich/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Matthew
Scrimshaw/LON/ECT@ECT, David Cox/Enron Communications@Enron Communications,
Kevin Hannon/Enron Communications@Enron Communications, Rod
Hayslett/FGT/Enron, Stan Horton/Houston/Eott@Eott, Danny
McCarty/ET&S/Enron@Enron
cc:

Subject:

I know how incredibly busy you all are, so I'm sure that making a pledge to
Jeff for the MS150 has simply slipped your mind.  Well the ride is this
weekend, time is running out and we need you!

Enron's goal is to raise $700,000, and Jeff's personal goal is to raise
$50,000.  As of today, we are a little better than half way there.  Won't you
consider helping him reach his goal?

Thanks for your consideration.  I look forward to hearing from you tomorrow...

Sherri :-)


http://www.newdem.org/westcoastretreat/

Jeff and Mona - Above is a link for the New Democrat Network (NDN) West Coast
Retreat.  We are Executive Council Member of the NDN.  You can attend for all
or portion of the retreat.  There will local, state, and federal elected
officials attending.

Jeff - The NDN has been helpful by trying to moderate the tone of the energy
debate in DC and they did not include price caps in their energy plan (though
some of the West Coast members support them).  They will hold an energy panel
and Speaker Hertzberg will attend

Mona- Note that the schedule is technology heavy and TechNet is a sponsor of
the event.

Sorry for the late notice.  Let me  know if you are interested.

Thanks - Chris (202) 466-9158


Start Date: 4/17/01; HourAhead hour: 24;  HourAhead schedule download failed.
Manual intervention required.


<http://www.2000greetings.com> 	 2000Greetings.com
<http://www.2000greetings.com/>
Free Newsletter # 41
January 7th 2001
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If Links are not clickable please go to our home page
and look under NEW Greeting Cards <http://www.2000greetings.com>

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Regulatory  affairs department is updating the INGAA database and are
requesting the  following information from you.

1.??? Job  Title

2.??? Company

3.????  Address

4.???? Phone

5.???? Fax??

If  you could return this information A.S.A.P. it would be greatly
appreciated.

Enjoy  your day.

Melody


----- Forwarded by Jeff Dasovich/NA/Enron on 11/15/2000 08:59 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	11/14/2000 06:29 PM

		 To: <Barbara_Klemstine@apsc.com>, <Bob_Anderson@apses.com>,
<dcazalet@apx.com>, <billr@calpine.com>, <jackp@calpine.com>,
<glwaas@calpx.com>, <Ken_Czarnecki@calpx.com>, <cabaker@duke-energy.com>,
<gavaughn@duke-energy.com>, <rjhickok@duke-energy.com>, <gtbl@dynegy.com>,
<KEWH@dynegy.com>, <jdasovic@enron.com>, <susan_j_mara@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <rsnichol@newwestenergy.com>,
<rllamkin@seiworldwide.com>, <cfi1@tca-us.com>, <roger.pelote@williams.com>
		 cc:
		 Subject: SCE Files Suit

Attached is a brief summary of a lawsuit which was filed in U.S. District
Court by Edison yesterday:

So Cal Edison v. Loretta Lynch, Henry Duque, Josiah Neeper, Richard Bilas,
Carl Wood, as commissioners for CA PUC

11/13

CV00-12056 RSWL

Complaint for declaratory relief, saying SCE,s costs for purchase of
electricity have skyrocketed while the rate at which it sells electricity to
consumers is frozen by state law, resulting in a loss of $1.2 billion.

I will obtain a copy of the complaint and let you know the specifics.

Dan


Very nice - now where did you say you and I are going on vacation?  I suppose
we could make it driving trip to take advantage of your new car!!!   Did some
boy buy that for you?

From:  Stephanie Sever
     07/13/2000 01:22 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Happy Belated Birthday!

BMW - 323i

- not vacation - work (london)

Chris Germany
07/13/2000 01:15 PM
To: Stephanie Sever/HOU/ECT@ECT
cc:
Subject: Re: Happy Belated Birthday!

OK - what kind of car and where are you and I going on vacation?

From:  Stephanie Sever
     07/13/2000 12:32 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Happy Belated Birthday!

Chris,

How impersonal and Late so first - my apologies.  No excuses but this week
has been unbelievable.

I hope that you had an incredible Birthday - I guess you started early since
I did try to call on Frid.  I hope it was fun.

I bought my self a new BD car!  Kind of exciting.

Today a few of us in my group are headed to the London office! So In my haste
I wanted to be sure and at least send you a belated birthday wish.

Stephanie


Sheila:

We prepared resolutions regarding the opening of brokerage agreements (the ones dated 11/30/2000), which authorized Cassandra to be a second signatory, however, the problem arose when we tried to get Kate Cole in the Corporate Secretary's office to certify a certificate of incumbency for Cassandra.  Cassandra has never officially been elected to the office of Vice President of Risk Assessment and Control, a division of Enron Corp., so as far as the corporate records are concerned, she is not officially a Vice President.  This will be resolved at the Enron Corp. Board Meeting in August and her appointment will be retroactive to November 1, 2000.  Until such time as this has occurred, she cannot be a second signature on our brokerage documents.

Marie

-----Original Message-----
From: Glover, Sheila
Sent: Wednesday, July 25, 2001 8:34 AM
To: Heard, Marie
Subject: Corp Secretary datasheet

Marie,
Just for clarification...
Last week you had said that Cassandra did not have authority to sign executing broker agreements.  Per the corporate datasheet, this authority was granted 11/30/2000.
thanks. sheila

11/30/2000 - Cassandra R. Schultz, VP of Risk Assessment and Control Group, a divsion of Enron Corp., appointed as authorized signatory for opening of
 brokerage accounts.


We are pleased to announce the creation of a new group - Asset Marketing -
within Enron Americas. The Asset Marketing group will have responsibility for
the asset divestment function within Enron Americas and work with Generation
Investments on selected portfolio acquisitions as well as managing power
origination funding requirements with Treasury.

Don Miller will head the Asset Marketing group and will report directly to
the Office of the Chair, Enron Americas. Joining Don's group will be Stuart
Zisman.  Stuart was formerly in ENA Legal, having most recently worked on the
sale of ENA's peaker plants with Don.

Please join us in congratulating Don and Stuart in their new roles.


Ok, I'm out of it.  Where's she going?
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/14/2001 07:57
AM ---------------------------

Legal Temp 1@ECT
01/12/2001 02:51 PM
To: Alan Aronowitz/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Teresa G
Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT,
Barton Clark/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT,
Peter del Vecchio/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Shawna
Flynn/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Dan J
Hyvl/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Gerald Nemec/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Lou Stoler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT,
Steve Van Hooser/HOU/ECT@ECT, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Eddy Daniels/NA/Enron@Enron,
Angela Davis/NA/Enron@Enron, Robert H George/NA/Enron@Enron, James
Grace/Corp/Enron@ENRON, Mark Greenberg/NA/Enron@ENRON, Brent
Hendry/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Cheryl
Nelson/NA/Enron@Enron, Marcus Nettelton/NA/Enron@ENRON, John
Viverito/Corp/Enron@Enron, Andrew Edison/NA/Enron@Enron, Susan
Bailey/HOU/ECT@ECT, Kimberlee A Bennick/HOU/ECT@ECT, Genia
FitzGerald/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT,
Ed B Hearn III/HOU/ECT@ECT, Mary J Heinitz/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT, Mary
Ogden/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT,
Kay Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT, Eric
Gillaspie/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron, Diane Goode/NA/Enron@Enron, Matt
Maxwell/Corp/Enron@ENRON, Stephanie Panus/NA/Enron@Enron, Gail
Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michelle
Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ned E
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah
MacDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Larry
Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Connie Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margaret
Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joya Williams/HOU/ECT@ECT,
Chaundra Woods/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Brenda
Whitehead/HOU/ECT@ECT, Sheri L Cromwell/HOU/ECT@ECT, Twanda
Sweet/HOU/ECT@ECT, Jenny Helton/HOU/ECT@ect, Becky Spencer/HOU/ECT@ECT,
Janette Elbertson/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Linda J
Simmons/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Legal Temp 1/HOU/ECT@ECT,
Dina Snow/Corp/Enron@Enron, Carolyn George/Corp/Enron@ENRON, Legal Temp
2/HOU/ECT@ECT

Subject: Surprise Farewell

There will be a surprise farewell get together, for Shonnie Daniel, in EB3872
(East Team Room), commencing at 3pm this afternoon.  Everyone is encouraged
to come and bid farewell to this very special lady.  Cake and coffee will be
served.  Thank you for your attention to this matter.

Keegan Farrell (5-33117)


breakfast, work, lunch, work, break at 3pm


-----Original Message-----
From: Brittany Jacobs [mailto:brittanyou@yahoo.com]
Sent: Wednesday, October 24, 2001 1:49 PM
To: April Sullivan; Amy Lynn Surjaatmadja; Cory Hoffart; Hunter Lane Jacobs; Jenn Knox; Brandon LaValley; Trevor Mann; andrew Sandubrae; Brian Carey; Jeff Coates; Chris Cohenour; Amy Lyn Felling; Greg Felling; Nathan Hall
Subject: Fwd: centerfold

  Note: forwarded message attached.

  _____

Do You Yahoo!?
Make a great connection at Yahoo! Personals <http://rd.yahoo.com/mktg/mail/txt/tagline/?http://personals.yahoo.com>.

--------- Inline attachment follows ---------

From:  <masterpete43@hotmail.com>
To: bobby_lg@address.com, brianstacycolton@hotmail.com, brittanyou@yahoo.com, camrenmichelle@hotmail.com, jerry_l74128@yahoo.com, johnrj@okstate.edu, lbkissee@yahoo.com, meadmatt119@msn.com, petersp@pryorok.org, PPeterscc@aol.com, sewerjuice@hotmail.com, stacy_7029@hotmail.com
Date: Tuesday, October 23, 2001 9:13:42 GMT
Subject:

>From: "Greg Keirsey" <pryordesire@hotmail.com>
>To: a_lloyd82@hotmail.com, calorenz@sgc.edu, lamsail@aol.com,
>Fthr805@cs.com, brookekeirsey@hotmail.com, linemphs@yahoo.com,
>debcoelectric@aol.com, pcoops07@hotmail.com, victorc99@hotmail.com,
>huey_25@hotmail.com, mokeirsey27@hotmail.com, ham816@aol.com,
>jenbrooke7@hotmail.com, masterpete43@hotmail.com, lance_ou@hotmail.com,
>linsm923@aol.com, lanelson12@aol.com, megannicole21@hotmail.com,
>mwwilliamson@sgc.edu, missi_lehr@hotmail.com, nikimurphy@hotmail.com,
>supersal9@hotmail.com, quad_t86@hotmail.com, rustydrake45@hotmail.com,
>sgusoccer05@aol.com, angelicb24@hotmail.com, the_vanburens@hotmail.com,
>ssims.stu@okcu.edu, twintz11@hotmail.com, bigtang6@hotmail.com,
>nstik3@yahoo.com, kwintz22@hotmail.com, slavek80@hotmail.com,
>wgraves60@hotmail.com
>Subject: Fwd: [Fwd: FW: Bud Light]
>Date: Mon, 22 Oct 2001 16:30:14 -0500
>
>
>
>
>----Original Message Follows----
>From: "david holland" <daviholland@hotmail.com>
>To: rogowska@urbanretail.com, gmbgolf@hotmail.com, bdkjellander@yahoo.com,
>pcoops07@hotmail.com, dhughes@comappspec.com, homles1515@MSN.com,
>hossein@adv-travel.agencymail.com, jcritton@hotmail.com,
>jessicadeadwiley@hotmail.com, jcamarao@modulo.com.br, res0baol@verizon.net,
>adeito@hotmail.com, James.Hughes@hqda.army.mil, pryordesire@hotmail.com,
>pinkpanther1003@hotmail.com, mwwilliamson@sgc.edu, scollan13@hotmail.com,
>piresfabricio@hotmail.com, dholland@intplsrv.net, montecarlo17@hotmail.com,
>bugs64@mindspring.com, vicstar22@hotmail.com
>Subject: Fwd: [Fwd: FW: Bud Light]
>Date: Fri, 12 Oct 2001 16:22:37
>
>

>
>
>David Russell Holland
>
>
>
>>From: Kelli Williams <tandk@sirinet.net>
>>To: cheryl white <fotofool@qwest.net>, david holland
>><daviholland@hotmail.com>,   Meta <MRedhawks1@aol.com>, MWhite
>><mwhite@simplynet.net>,   R E <russellenglish@prodigy.net>, Spankey
>><JSpan30417@aol.com>,   The Staats <djstaats@juno.com>, The Williams
>><tandk@sirinet.net>,   Anranaree <anra1@aol.com>, BUTT-RAMS
>><KJBUTT@aol.com>,   "Carrie Gonz." <carlyngon@aol.com>, Cheeze
>><rortiz@abm.com>,   DIANA SCHULTZ <RCHANGER1@aol.com>, EJ
>><EJ@sirinet.net>,   Elaine and Jack <jecastaway@juno.com>, ELLEN & BOB
>><EFALKENS@aol.com>,   "JAMIE @ THE FARM" <jwilliams@simplynet.net>,
>>LAURIE <laurie.lee@prodigy.net>, Maryola Prabhu <vijprabhu@hotmail.com>,
>>RICHARD & DARLEANE <AB5T@SUNNET.NET>,   Ryan Williams
>><Ryan.B.Williams@kp.org>, Sandy Foster <tagurit@sprynet.com>,   The Drags
>><mmdrag@yahoo.com>, "The Pelican's" <pell4@sonetcom.com>,   "The Reed's"
>><mrsports23@aol.com>, THE SANNERS <mksanner@sirinet.net>,   "Todd @ GY"
>><todd_williams@goodyear.com>
>>Subject: [Fwd: FW: Bud Light]
>>Date: Thu, 11 Oct 2001 18:23:18 -0500
>>
>>
>>
>>Felicia Kendrick wrote:
>>
>> >
>> >
>> >
>>------------------------------------------------------------------------
>> >                                          Name:
>>budweiser-bud-light-centerfold.mpe
>> >    budweiser-bud-light-centerfold.mpe    Type: unspecified type
>>(application/octet-stream)
>> >                                      Encoding: base64

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp


--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=KWATSON>
To: pbrice7661@aol.com
Date: Wednesday, November 14, 2001 8:18:23 GMT
Subject:

Hi Phyllis!

I am so excited to get to see you this weekend!  I sure hope all is well
with you.  It looks like you and I have been assigned the dinner for
Saturday evening.  I am open to ideas for recipes!  Let me know when
would be a good time to visit on our assignment.  I will make time for
you anytime.

Thanks, Kim.  :>)

phone:  	work 713 853 3098
		home 713 791 9201

-----Original Message-----
From: Warner, Cynthia A [mailto:cynthia.warner@eds.com]
Sent: Wednesday, November 14, 2001 9:18 AM
To: lisa.polk@reliantenergy.com; agold@coral-energy.com;
PaulJudy82@cs.com; Watson, Kimberly; lhart@reliantenergy.com;
pfisch1330@hotmail.com; pbryce7661@aol.com; Leuschen, Sam
Subject: Food assignments and directions for Girls' Weekend

FOOD ASSIGNMENTS:

Saturday Breakfast	- 	Sam, Paula
Saturday Dinner		- 	Kim, Phyllis
Snacks			-	Judy, Lee
Sunday Breakfast		-	Lisa, Cynthia
Paper Products		-	Amy

DIRECTIONS FROM LISA:

Hello Everyone-  Here are detailed directions to the beach cabin for the
Nov. 30  girl's weekend.

Directions to the Polk Beach Cabin:

Go south on IH-45.

Take the Harborside Dr. exit when you get to Galveston and turn left
under the highway (this is the first exit after crossing the causeway,
so be watching for it).

Travel approx. 6 miles on Harborside Dr. to Ferry Rd.

Turn left on Ferry Rd., go to the end, and catch the ferry to Bolivar (
this is a free drive-on ferry operated by the Texas Hwy Dept.).

After exiting the ferry you will be on Bolivar Peninsula Hwy 87.  Travel
approximately 11.5 miles to the Emerald II edition (the Crystal Beach
water tower is a good land mark when you are getting close and the
Emerald II edition is the first road after the post office).

Turn right into Emerald II (there is a small green sign).  After
entering, turn left on Flamingo, and follow the curve around to
Eastview.  The cabin is on the right about half way down and is located
on the corner of Eastview and Crestview.  The address is 919 Eastview
and "J.S. Polk" is written on the side.

The telephone # is 409-684-0195.

I'm looking forward to seeing everyone!!

--lsp

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


Attached is a memo from Howard Fromer, Kathleen Sullivan and me regarding
regulatory issues in New York.  Also attached are presentations Enron has
made recently.

Please let me know if you have any questions.

Sarah


Sorry,

                    I changed the deal ticket to $10.50.

      Thank You!


i want to go

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 10:39 AM
To:	Maggi, Mike
Subject:

bye.  laura and i are going to work out.


Deadline extended through Tuesday, Sept. 25 for disaster relief donations.  So far we have $2049 ($6147 w/Enron match!).

Thanks for your support!

In an effort to support our fellow citizens during this time of disaster we will be collecting donations for relief efforts in NY, DC and PA.
A designated collection box has been placed by the lobby area.  All donations will be double matched by Enron.

If we all donated what we have would spent on the complimentary lunch today or what we would spend on coffee tomorrow, matched double by Enron, it would really add up.  The money will be sent on Monday, September 24.

The funds will be donated to the following organizations, please pay by cash or check payable to an organization listed below or a relief organization of your choice.  We will take care of the appropriate matching donation forms.

United Way Sept 11th Fund, <http://september11fund.org/>
American Red Cross Disaster Relief, <http://www.redcross.org/>
NY Police and Fire Widows & Children Benefit Fund,  <http://www.nypfwc.org/>