---------------------- Forwarded by Jennifer Cutaia/Corp/Enron on 11/20/2000
09:43 AM ---------------------------

veronica.gonzalez@pahou.panmail.com on 11/17/2000 01:35:44 PM
To: jennifer.cutaia@enron.com, sabrina.balderas@pahou.panmail.com,
sfranco@theassistancefund.org
cc:

Subject: FW: some interesting tips

-----Original Message-----
From: mayra maldonado
Sent: Friday, November 17, 2000 1:22 PM
To: brib@santinipackers.com; Marybel_maldonado@hcjpd.co.harris.tx.us;
oherrera@enron.com
Cc: Angie Collins; Laura Westbrook; Mary Diaz; Veronica Gonzalez; Loraine
Harwell
Subject: FW: some interesting tips

See Below
*********************************************************************
Panalpina Houston
16230 De Zavala Rd.
Houston, Tx.  77530
Phone:   281-457-7455     Fax:   281-457-7499
Internet:mayra.maldonado@pahou.panmail.com
Panmail: HOUHFPT
*********************************************************************

-----Original Message-----
From: juanita@eagletrans.com [SMTP:juanita@eagletrans.com]
Sent: Friday, November 17, 2000 12:46 PM
To: ynavarre@merfish.com; nortega@mail.mdanderson.org; mayra maldonado
Subject: Fw: some interesting tips

----- Original Message -----
From: Puente, Maria A. <maria.puente@bmo.com>
To: 'AT953' <AT953@aol.com>; 'Cassandra' <crodriguez@heritage-title.com>;
'Charli' <charli200@ivillage.com>; 'Gabriel Ortega'
<Gabriel_Ortega@administaff.com>; 'Garcia, Melisandra (UTMED)'
<melisandra_garcia@cac.co.harris.tx.us>; 'Juanita Barrientos'
<juanita@eagletrans.com>; 'Katie' <krvasquez@yahoo.com>;
<melissa.silguero@puc.state.tx.us>; 'Vince' <vince.alejos@airgas.com>
Sent: Friday, November 17, 2000 9:52 AM
Subject: FW: some interesting tips

> some cool tips!
>
>
>
> > Subject: FW: some interesting tips
> >
> > > > Things your mother or grandmother may or may not have told you
> > > >
> > > > 1. Stuff a miniature marshmallow in the bottom of a sugar cone to
> > prevent
> > > >      ice cream drips.
> > > >
> > > > 2. Use a meat baster to "squeeze" your pancake batter onto the hot
> > > >     griddle and you'll get perfectly shaped pancakes every time
> > > >
> > > > 3. To keep potatoes from budding, place an apple in the bag with the
> > potatoes.
> >
> > > > 4. To prevent egg shells from cracking, add a pinch of salt to the
> > water
> > > >     before hard-boiling.
> > > >
> > > > 5. Run your hands under cold water before pressing Rice Krispies
> > treats
> > > > in the pan and the marshmallow won't stick to your fingers.
> > > >
> > > > 6. To get the most juice out of fresh lemons, bring them to room
> > > > temperature and roll them under your palm against the kitchen
counter
> > > > before squeezing.
> > > >
> > > > 7. To easily remove burnt on food from your skillet, simply add a
drop
> > or
> > > > two of dish soap and enough water to cover bottom of pan, and bring
to
> > a
> > > > boil on stove-top..
> > > >
> > > > 8. Spray your Tupperware with nonstick cooking spray before pouring
in
> > > > tomato-based sauces and there won't be any stains.
> > > >
> > > > 9. When a cake recipe calls for flouring the baking pan, use a bit
of
> > the
> > > > dry cake mix instead and there won't be any white mess on the
outside
> > the cake.
> > > >
> > > > 10. If you accidentally over-salt a dish while it's still cooking,
> > drop
> > > > in a peeled potato and it will absorb the excess salt for an instant
> > "fix
> > > > me up."
> > > >
> > > > 11. Wrap celery in aluminum foil when putting in the refrigerator
and
> > it will keep for weeks.
> > > >
> > > > 12. Brush some beaten egg white over pie crust before baking to
yield
> > a
> > > > beautiful glossy finish.
> > > >
> > > > 13. Place a slice of apple in hardened brown sugar to soften it.
> > > >
> > > > 14. When boiling corn on the cob, add a pinch of sugar to help bring
> > out the corn's natural sweetness.
> > > >
> > > > 15. To determine whether an egg is fresh place it in a pan of cool,
> > salted water.  If it sinks, it is fresh, but if it rises to the surface,
> > throw it away
> > > >
> > > > 16. Cure for headaches: Take a lime cut it in half and rub it on
your
> > forehead. The throbbing will go away.
> > > >
> > > > 17. Don't throw out all that leftover wine: Freeze into ice cubes
for
> > future use in casseroles and sauces.
> > > >
> > > > 18. If you have a problem opening  jars: Try using latex dish
washing
> > gloves. They give a non-slip grip that makes opening jars easy.
> > > >
> > > > 19. Potatoes will take food stains off your fingers. Just slice and
> > rub raw potato on the stains and rinse with water.
> > > >
> > > > 20. To get rid of itch from mosquito bites, try applying soap on the
> > area
> > and you will experience instant relief.
> > > >
> > > > 21. Ants, ants, ants everywhere ...   Well, they are said to never
> > cross
> > > > a chalk line. So get your chalk out and draw a line on the floor o
> > wherever ants tend to march. See for yourself.
> > > >
> > > > 22. Use air-freshener to clean mirrors. It does a good job and
better
> > still, leaves a lovely smell to the shine.
> > > >
> > > > 23. When you get a splinter, reach for  the scotch tape before
> > resorting
> > > > to tweezers or a needle. Simply put the scotch tape over the
splinter,
> > then pull it off. Scotch tape removes most splinters painlessly and
> > easily.
> > > >
> > > > 24. Now look what you can do with Alka Seltzer.
> > > >
> > > > Clean a toilet. Drop in two Alka-Seltzer tablets, wait twenty
minutes,
> > > > brush and flush.  The citric acid and effervescent action clean
> > vitreous china.
> > > >
> > > > 25. Clean a vase. To remove a stain from the bottom of a glass vase
or
> > > > cruet, fill with water and drop in two Alka-Seltzer tablets.
> > > >
> > > > 26. Polish jewelry. Drop two Alka-Seltzer tablets into a glass of
> > water
> > > > and immerse the jewelry for two minutes.
> > > >
> > > > 27. Clean a thermos bottle. Fill the bottle with water, drop in four
> > > > Alka-Seltzer tablets, and let soak for an hour (or longer, if
> > necessary).
> > > >
> > > > 28. Unclog a drain. Clear the sink drain by dropping three
> > Alka-Seltzer
> > > > tablets down the drain followed by a cup of Heinz White Vinegar -
> > > > Wait a few minutes, then run the hot water.
> > > >
> > > > 29. Do your friends a favor. Pass this timely (and some
not-so-timely)
> > > > information on to a friend or two
> > > >
> > >> __________________________________________________
> > > Do You Yahoo!?
> > > Yahoo! Messenger - Talk while you surf!  It's FREE.
> > > http://im.yahoo.com/
> > >
> > >
> > >
> > >
> >
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Yahoo! Messenger - Talk while you surf!  It's FREE.
> > http://im.yahoo.com/


Here is the org chart.  I have included 2 open positions given the departure of Steve Walton and Susan Lindberg.

Let me know if you need anything else.

Jim


As part of your preparation for the RUG meeting on Wednesday and Thursday,
please conduct an individual review of the Protocols Implementation Plan items
e-mailed by Vikki Gates on Sunday.  We will begin our review of the PIP on the
afternoon of the 6th .  In particular, the list below identifies PIP items
that
require a review by RUG because of a potentially significant change in
Protocol
language.

Item 103 - Default QSE
Item 107 - Uninstructed Deviation Tolerance Limit
Proposal by Floyd Trefny
Item 108 - Sub QSE (payment process, invoicing, and liability)
Proposal by C. Moseley
Item 109 - DC Tie (Oklaunion exclusion)
Proposal by Richard Ross
Item 120 - Local Balancing Energy Premium
Proposals by Don Blackburn and Manny Munoz
Item 126 - Plant vs. Resource Specific Output in OOME
Items 144 and 200 - LSE/QSE allocation of AS
Proposal by B. Jones
Item 146 - Notification vs. Posting of Loss Factors
Item 187 - TX SET Concurrent Processing Approach
Proposal by B. White
Item 204 - EPS Meter Data Transmittal
Proposal by J Cohea

In addition to to these items, the Protocols may have been changed to correct
unclear language or an inconsistency in the Protocols in an effort to
reconcile
a gap.  These changes were identified in the PIP Master List as refinements
and
carried a criticality assessment of 1.  I recommend your attention to these
items as well.

As there are about 100 PIP Items, we will not specifically address each one.
However, all parties are encouraged to raise questions or challenge any of the
reconciliation documents at the RUG meeting.

-- Brad


[IMAGE]

Thank you for using our automated self service password reset option.

The user id and password in SAP (Apollo Production and HR Production), eHRonline, iBuyit and iPayit are all synchronized.  When you reset your password in eHRonline, it automatically synchronizes the password in the other systems.

Please follow the steps to reset and synchronize your passwords.

1.        Go to ehronline.enron.com
2.       Click on the [IMAGE] button
3.       Enter your User Id (SAP Personnel Number) and temporary password (located at the bottom of this email)
4.       You will then be asked to change your password
5.       Enter your new password twice
6.       Once you have successfully changed your password in eHRonline, you have synchronized your password for SAP (Apollo Production and HR Production), eHRonline, iBuyitand iPayit
7.       If you were trying to access an application other than eHRonline, close eHRonlineand proceed to the desired application.  You will now be able to log in with your NEW password.

 THIS IS A GENERATED EMAIL - DO NOT REPLY!

IF YOU NEED FURTHER ASSISTANCE, CONTACT THE ISC HELP DESK AT:  713-345-4727

The password for your account: P00501166   has been reset to: 12483519

Go to eHRonline now: http://ehronline.enron.com

 - C.DTF


I sent you and Sean an invitation to a party for Carl who is turning 60 on October 28th.  (I married a very very old man!)  I was hoping that you and Sean could stop by so I would have a familiar face there and since you live in the neighborhood.  The other guests are buddies of Carl, went to school with Carl, play tennis with Carl or worked at Pennzoil with Carl.  We have only been married seven years and I don't know these people that he has me inviting.

How are you doing?

Mary


Please submit any changes or questions about the hotlist by the end of the day today.

Thanks

Trey


Presentations from the Enron all-employee meeting on Feb. 21 and the Enron Investor Conference on Jan. 25 are now available in the Image Center's Presentation Library.

Click here  to go to the Image Center web site.


Dear Mr. Arora:

I wanted to thank you for taking the time to interview me this past
Wednesday.  I enjoyed meeting you and other representatives of the company
and left our interview with a much greater understanding of what drives
Enron and what the company seeks in its applicants.  Your responses to my
questions only confirmed my already high opinion of the company.

As you know, I am a first year student at Owen concentrating in Finance and
Electronic Commerce.  I graduated Summa Cum Laude from Bentley College in
May of 1997 with a Bachelor of Science degree in Economics & Finance, and I
received an Honors Certificate in Economics from the University of Cambridge
in August of 1995.

After graduating from Bentley, I worked for Digital Equipment Corporation as
an analyst in its Financial Development Program.  Most recently, I worked as
an investments analyst for Thomson Financial, where I evaluated three major
business development initiatives and five acquisition proposals totaling $44
million and worked with senior management on a takeover bid for one of
Thomson's key competitors.  I also performed strategic, market, and
competitor analysis, and proposed ways of improving the organization's
overall competitiveness.  My professional experiences working in the High
Technology and Financial Information Services industries have led to a
complete redefinition of my career goals.  I much prefer to be on the front
lines of business, helping some of the world's most established
organizations make decisions that will impact their financial future and
competitive position in the market.   I am anxious to begin my career with
Enron and believe that a relationship with company would prove mutually
beneficial.

In closing, I would like to thank you again for interviewing me in
Nashville.  If you have any questions, please contact via e-mail at
Ajay.Jagsi@owen2002.vanderbilt.edu or at (615) 673-0329.

Have a wonderful week!

Best Regards,

Ajay S. Jagsi


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 07/28/99
03:35 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Bonnie White @ ENRON                           07/28/99 03:28 PM

To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Re: Litigation Information for Due Diligence efforts by potential
purchasers of Louisiana Resources Pipeline Limited Partnership, Louisiana Gas
Pipeline Limited Partnership, Enron Storage Company and Louisiana Gas
Marketing Company

Other than Grynberg, the only active case that involves the above-named
entities is the Enterprise Products case, in which Enron Storage Company is a
defendant.  My understanding is that that case has settled, but the
documentation is not yet complete.  We have recently settled the Reeves,
Poirier and Fontenot cases in which Louisiana Resources was a defendant, and
those matters are now closed.

Let me know if you need anything else.  Thanks.

Richard B Sanders@ECT
07/28/99 01:35 PM
To: Bonnie White/Corp/Enron@Enron
cc: Eileen Kisluk/Corp/Enron@Enron
Subject: Litigation Information for Due Diligence efforts by potential
purchasers of Louisiana Resources Pipeline Limited Partnership, Louisiana Gas
Pipeline Limited Partnership, Enron Storage Company and Louisiana Gas
Marketing Company

Please let me know of anything other than Grynberg
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 07/28/99
11:32 AM ---------------------------

Sandi M Braband
07/27/99 05:22 PM
To: Richard B Sanders/HOU/ECT@ECT
cc: Barbara N Gray/HOU/ECT@ECT
Subject: Litigation Information for Due Diligence efforts by potential
purchasers of Louisiana Resources Pipeline Limited Partnership, Louisiana Gas
Pipeline Limited Partnership, Enron Storage Company and Louisiana Gas
Marketing Company

Richard,
As I mentioned in my phone mail message to you, we are compiling info on the
above-referenced entities in connection with a due diligence request by a
potential purchaser. The prospective purchaser has requested information on
the entities' litigation, whether complete, existing or pending including any
eminent domain proceedings and insurance litigation. Could you let me know as
soon as possible if you can provide me that information. The goal is to have
all requested information in the data room early next week .

Thank you,
Sandi
ext. 35465


I will serve as a representative to the  Associates PRC meeting that will
take place on December 12.  As a PRC rep, I have been assigned the Associates
to represent in the meeting as indicated below.  The Associates Program has
provided me with your name as the supervisor of record as of October 1 of the
Associate as listed.

Please send the following information to me by December 1.

Associate's accomplishments for the second half of 2000 (prepared by the
associate or summarized by you)

Description of associate's current responsibilities/assignment (and any
additional rotational assignments during this last six months of the year)

Pre-ranking of the associate from your business unit PRC , or your suggestion
on ranking if no business unit PRC process has been completed (Superior,
Excellent, Strong, Satisfactory, Needs Improvement or Issues)

Any other information that you believe will be helpful in accurately
representing the associate in the PRC process

Recommendation for promotion, if any

I will receive a copy of the Consolidated Supervisor Feedback from the PEP
system through the Associates Program.

I will be at a management conference Thursday and Friday of this week, then
on vacation until Monday, November 27.  My assistant, Patti Thompson, will be
contacting you next week to arrange a time to meet or talk by phone during
the week of November 27 or December 4 to discuss your associate and his/her
performance in more detail.  I will also contact the Associates and meet with
them individually in preparation for the PRC meeting.

Thanks for your attention to this.  If you are not the appropriate PRC
supervisor for the Associate listed above,  please reply by e:mail as soon as
possible and my assistant will research where I should go next for this
input.


Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.


Following is PNGC's response to Data Request DS-PN:001.

R. Erick Johnson PC
888 SW Fifth Ave, Suite 870
Portland, OR ?97204
Tel: 503.295.2944
E-mail: ?Erick_Johnson@PNGC.com

	Paul Murphy <bferranti@mbllp.com>

	03/08/2001 09:32 AM
	Please respond to bferranti
		? ? ? ?
		? ? ? ? To: ? ? ? ?abuckley@wutc.wa.gov, alan@epud.org,
ali.rodol@ci.seattle.wa.us, archive-power-ratecase@bpa.gov,
aw_turner@pgn.com, BASSL@sce.com, bessex@cowlitzpud.org, bferranti@mbllp.com,
bpadiscovery@merkellaw.com, ccopatrny@e-z.net, clatspud@clatskanie.com,
crow@millernash.com, cub@teleport.com, cwagers@dcpud.org, dan.meek@usa.net,
darcy@tonkon.com, darkills@popud.com, dbkinnard@pplmt.com, dfaulk@puget.com,
discoveryparalegal@bpa.gov, dldorrell@stoel.com, dmacgregor@morganlewis.com,
doney@doneylaw.com, doug_brawley@pngc.com, dparrish@prmllp.com,
dws@keywaycorp.com, eauverde@hotmail.com, eboyd@ppcpdx.org,
efinklea@energyadvocates.com, elisaCKF@aol.com, EnerGlaw@aol.com,
Eric.Larson@oremetwahchang.com, erick_johnson@pngc.com,
ghuhta@cowlitzpud.org, huse@eesconsulting.com, ias@dvclaw.com,
jack.speer@alcoa.com, jacksonc@ida.net, janet.prewitt@state.or.us,
jdeason@chbh.com, jeffn@subutil.com, jhart! so@enron.com, JLH@mc-power.com,
johk@critfc.org, john.yanov@eweb.eugene.or.us, johncameron@dwt.com,
jolynnr@mresearch.com, jpw@duncanallen.com, jrb_ora@televar.com,
jsaven@pacifier.com, jschlect@avistacorp.com, kevin.clark@ci.seattle.wa.us,
kknitte@gcpud.org, kmoxness@cencoast.com, kpom@mail.pacifier.com,
kyle@ppcpdx.org, lawyer@teleport.com, Lhamilton@avistaenergy.com,
lpeters@pacifier.com, lwolv@worldaccessnet.com, lyn_williams@pgn.com,
marc.hellman@state.or.us, marss@perkinscoie.com, matts1@atg.wa.gov,
mershanlaw@aol.com, mhain@ect.enron.com, michaelearly@earthlink.net,
mike.macdougall@powerex.com, mmetzler@ci.tacoma.wa.us,
mschaff@worldnet.att.net, mthomas@mtpower.com, Paul@KinergyLLC.com,
pete.forsyth@kaiseral.com, pete@ashland.or.us, peter@richardsonandoleary.com,
pfox@bracepatt.com, pljacklin@stoel.com, pmurphy@mbllp.com,
pnichols@idahopower.com, pobenchain@idahopower.com, pspi@dynegy.com,
pvickery@tpud.org, rachel@rnp.org, ratecase@pngc.com, rates@ppcpdx.org,
rbstron! g@painehamblen.com, rdb@keywaycorp.com, rfoiani@gcpud.org,
rkindley@schwabe.com, rle@givenspursley.com, rpierce@avistaenergy.com,
scott.brattebo@pacificorp.com, seligman@teleport.com, simonf@atg.wa.gov,
sjohnsto@wutc.wa.gov, skaravit@ci.tacoma.wa.us, stephens@eslerstephens.com,
steve@nwenergy.org, tdeboer@painehamblen.com, terrym@millcreeklaw.com,
tgrim@chbh.com, townsend@chbh.com, tracigrundon@dwt.com,
tstevenson@ci.burbank.ca.us, weavertr@yakima-wa.com, wmgt3@montana.com
		? ? ? ? cc: ? ? ? ?
		? ? ? ? Subject: ? ? ? ?WP-02 Data Request

request_number: ?DS-PN:001
firstname: ?Paul
lastname: ?Murphy
e-mail: ?bferranti@mbllp.com
directed_to: ?R. Erick Johnson, PNGC
exhibit_wp-02-e-: ?JCG-01, -02
page_numbers: ?
request_text: ?Please disclose and/or produce copies of any and all
communications, from October 16, 2001 to the present, between any BPA
representative and any representative of any other party, concerning any of
the following subjects:

a. ? ? ? ? ? ? ? ? The general structure of the Cost Recovery Adjustment
Clauses (CRACs) described in the testimony of the Joint Customers;

b. ? ? ? ? ? ? ? ? Any differences between the form of the CRACs described in
the testimony of the Joint Customers and the CRACs contained in BPA's Amended
Proposal, or those contained in BPA's Supplemental Proposal;

c. ? ? ? ? ? ? ? ? The detailed mechanics of implementing the CRACs described
in the testimony of the Joint Customers;

d. ? ? ? ? ? ? ? ? Revenue effects of the CRACs described in the testimony of
the Joint Customers, any modifications; or

e. ? ? ? ? ? ? ? ? Any aspect of the Partial Stipulation and Settlement
Agreement and the Parties' Proposal attached thereto.

For purposes of this Request, "disclose and/or produce" has the meanings
described below. ?With respect to oral communications, "disclose and/or
produce" means to describe the time, date, approximate duration, and
substantive content of the communication; the identity and organizational
affiliation of the communicating individuals; whether the communication
occurred in person or by telephone; the location of the communication if in
person; the identity of any witnesses to the communications, including all
individuals in the room if the communication occurred by speakerphone; and
whether the communication was made in the presence of or after coordination
with BPA counsel (if so, identify such counsel). ?For purposes of this
Request, you need not "disclose and/or produce" oral communications that
occurred during meetings noticed in compliance with Rate Case Rule 1010.7(d).

With respect to written communications, the Request includes communications
in any recorded form, whether on paper, electronic (including, without
limitation, e-mails), or whatever form. ?For such communications, "disclose
and/or produce" means to provide copies of all non-identical versions of any
written communications and to describe with particularity the location where
such communications were found and/or stored, including the identity of the
individual with possession or control of the written communications; to
describe with particularity the circumstances under which they were generated
or referred to; and to fully "disclose and/or produce" any oral
communications made in connection with the written communications consistent
with the preceding paragraph. ?For purposes of this Request, you need not
produce papers served on all parties to the rate case and made part of the
official file in the rate case.!

response_text: ?Response DS-PN:001

Pacific Northwest Generating Cooperative (PNGC) objects to this Data Request
on the grounds that it (i) seeks information that is not relevant; (ii) seeks
information that is privileged; and (iii) seeks information that is unduly
burdensome to produce. ?Rules of Procedure Governing Rate Hearings, Section
1010.8(b). ?PNGC further objects to this Data Request on the grounds that it
is in improper form as it does not cite to specific testimony or indicate the
specific use to which the information sought will be put. ?Special Rules of
Practice, WP-02-01. ?Further, the Data Request PNGC received in hard copy of
March 12, 2001 covered communications from October 16, 2001 to the present,
of which there were none. ?PGNC hereby responds to the corrected Data
Requests received March 14, 2001 covering communications from October 16,
2000 to the present. Without waiving the foregoing objections, PNGC responds
as follows:

1. ? ? ? ?On or about January 26, 2001, Joe Nadal, PNGC, called Barney Keep,
BPA, in the afternoon and spoke with Mr. Keep for about five minutes. ?Mr.
Nadal stated that PNGC had concerns relating to the practical feasibility of
implementation details of proposed versions of LB CRAC methodology, i.e.
ability to get transparent monthly price quotes. ?No specific details or
alternatives were discussed. ?Mr. Nadal stated PNGC's interest in having BPA
and utility traders/schedulers attend an upcoming ?work session to give their
input. ?To the best of PNGC's knowledge, no other parties participated in
this telephone conversation.

2. ? ? ? ?On or about January 29, 2001, Joe Nadal, PNGC, called Ed Bleifus,
BPA, in the morning and spoke with Mr. Bleifus for about five minutes. ?Mr.
Nadal again stated that PNGC had concerns relating to the practical
feasibility of implementation details of proposed versions of LB CRAC
methodology, i.e. ability to get transparent monthly price quotes. ?Again, no
specific details or alternatives were discussed. ?Mr. Nadal reiterated PNGC's
interest in having BPA and utility traders/schedulers attend an upcoming
?work session to give their input. ?To the best of PNGC's knowledge, no other
parties participated in this telephone conversation.

3. ? ? ? ?On or about February 13, 2001, Erick Johnson, attorney for PNGC,
called Peter Burger, BPA OGC, at about 11:45 am, and spoke with Mr. Burger
for about three minutes. ?Mr. Johnson asked whether BPA would take the
position that the provisions of the "Partial Stipulation and Settlement
Agreement," WP-02-M-111, Exhibit A, Parties' Proposal, Section H, would
preclude PNGC from offering direct testimony the the first 990 aMW of DSI
service should be priced at market. ?Mr. Burger did not initially answer this
question. ?However, at about 1:40 pm on the same day, Mr. Burger called back
to say that BPA agreed that the Partial Stipulation did not preclude PNGC
from offering such testimony. ?This conversation lasted about two minutes.
?To the best of Mr. Johnson's knowledge, no other persons participated in
these telephone calls.

4. ? ? ? ?On or about February 23, 2001, Phill Sher, PNGC, had a conversation
with A. Perino, BPA, starting at about 11:30 am and lasting about one hour.
The topics discussed were not specifically related to the BPA WP-02 rate
case. The terms "cost recovery adjustment charge" or "CRAC" did not arise to
the best of Mr. Sher's recollection. Also, to the best of Mr. Sher's
recollection, the topics discussed were matters of general interest to
economists. ?The topics discussed included commodity prices and load
forecasting. ?

5. ? ? ? ?On or about March 6, 2001, Doug Brawley, PNGC, left a voice mail
message for Bob Procter, BPA, starting at about 3:00 pm and lasting about two
minutes. ?Mr. Brawley pointed out that in GRSPs Section Q- Low Density
Discount, Sub Section 7- Application of LDD to Slice, in the third line from
the bottom in paragraph 3, the words "Financial Based (FB) and Safety Net
(SN) should be inserted between (TAC) and CRAC - in order to properly reflect
the intent of the Settlement Proposal. ?Mr. Procter did not respond to this
voice mail message.


FYI,

 -----Original Message-----
From: 	Morse, Ronnie
Sent:	Monday, March 18, 2002 9:32 PM
To:	Graves, Jerry; Schoolcraft, Darrell
Cc:	Maestas, Gary; Whippo, Jeff; Roensch, David; Smith, Rick
Subject:	overhaul updates

3-18-2002: Station 3, Unit 302, The spare flywheel that was at the CDC in Roswell is not usable. Our flywheel will be in Odessa Tuesday morning for repairs. Repairs should be completed by Thursday and shipped back to Station 3. Cooper Energy will return at that time to reinstall the flywheel.

3-19-2002: Station 7, Unit 721. Project is on schedule. Tejas crew is reassembling engine. The generator is scheduled to be back on site on Wednesday.

Ronnie.....


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 09/21/2000 08:04
AM ---------------------------

	From:  Corry Bentley                           09/20/2000 10:01 AM

To: Kayne Coulter/HOU/ECT@ECT
cc:
Subject: Scheduler's Regions - Sept. 20

The schedulers are responsible for the following regions:

Lisa Burnett  PJM

Jason Choate  COMED & NYPP

Gerald Gilbert  NEPOOL

Matt Lorenz  MAPP

Gretchen Lotz   SERC (TVA, JEA)

Jim Terrell        SPP  & ERCOT  (Entergy, Ercot)

Maria Valdes  ECAR  (Cinergy, AEP)

Please update your crew.
Thanks,
Corry


Mike and Frank,

Attached is a revised quote for options relating to the ACE deal.  The
changes include actual Daily MW Production from Gray and also a hedge ratio
of 10.522 mmbtu's/MW.  I calculated the hedge ratio 2 ways.  First I put the
SRAC formula in excel (tying to the Aug'00 SRAC calculation from SoCal
Edison) and I increased the price of natural gas by $1 and noted the
difference in the SRAC power price.  That resulted in an increase in the SRAC
of $1.0522 cents/kwh or converted to $10.522/mwh.  I also looked at a change
in mark-to-market profit based on a hedge of 10.522 mmbtu's for every 1 MW.
So for every 1 mwh you need to hedge 10.522 mmbtu's.  Next I took the SRAC
formula below:

     Pn = {PBase + (PBase * (GPn - GPBase)/GPBase * Factor)} * TOU

    Where   Pn = SRAC price
     PBase = Base Enery Price $2.0808 cents/kwh (constant)
     GPn = current Socal index
     GPBase = Base Gas Price $1.3975/mmbtu (constant)
     Factor = % change in enery price affected by gas price .7067 (constant)
     TOU = time of use (i.e. Summer on peak = 1.4251)

If you look at just the piece that moves (GPn) and calculate a $1
increase:    ($2.0808 * ($1 - $1.375)/$1.375 * .7067) = 1.0522.

Gray had calculated the heat rate by taking the SRAC price divided by the gas
price.  This heat rate moves depending on the level of gas (decreases with an
increase in gas price).  This is a correct  calculation for the heat rate,
however, to calculate the hedge delta, the above calculation should be used
and this hedge delta stays constant no matter the level of gas price.

Please call with any questions or concerns.  My number is (713) 853-6247.
Thanks.

John


These attorneys may not have all the experience  mentioned in your email,
but I wanted to go ahead and send them since I  had mentioned them to you.
 - Supplemental Presentation for Temp PT Atty 09.20.01.dot
 - Resume of Jay Cookingham.doc
 - Resume of Robyn Galerston.doc


The following are a few summaries of recent New England orders.  Please let
us know if you have any questions.

Sarah

FERC Approves NEPOOL's Three-Part Bids

On April 25, FERC approved NEPOOL,s proposal to implement a system where
generators can submit three-part supply offers consisting of a start-up
price, an hourly no-load price, and an incremental energy price.  NEPOOL also
proposed that when a supplier,s total revenues over a day from the energy and
operating reserves markets were less than its total bid costs, the shortfall
would be paid to the supplier as net commitment period compensation (NCPC)
uplift.  There was disagreement within NEPOOL as to who will pay these uplift
costs.

In approving NEPOOL,s three-part bid system, FERC finds that the system is
consistent with the policies in place in New York and PJM.  With regard to
NCPC uplift cost allocation, FERC finds that NEPOOL,s exiting method of
allocating NCPC uplift costs broadly, based on electrical load, is
appropriate since it is difficult to determine who causes what amount of
uplift costs.  The new three-part bid system will take effect July 1, 2001.

FERC Rejects Proposal to Disclose Bidding Information

In an April 13 FERC order of no overall interest to us, FERC includes a
discussion about the rules for disclosure of bidding and other data gathered
by the ISO.  Braintree had argued that FERC should require public disclosure
of bidding and other data in order to allow NEPOOL participants to monitor
the actions of others.  FERC rejected Braintree,s arguments, finding that
FERC,s rules strike an appropriate balance between the need to disclose as
much information as possible and the desire to avoid disclosure requirements
that will make it more difficult for the ISO to obtain information from
market participants in the first place.  FERC states that because data
collection is critical to the ISO,s ability to monitor the NEPOOL markets, it
does not want to take action that would impede the ISO,s ability to collect
this information.

Information Policy

NEPOOL submitted a March 5, 2001 request for revisions to NEPOOL,s
Information Policy, to be effective May 5, 2001, which permits FERC to obtain
NEPOOL Participant confidential information directly from ISO-NE.  On April
25, 2001, FERC issued an order approving the filing.  FERC stated that ISO-NE
should be able to turn over confidential information to FERC without first
being required to notify the affected member of receipt of a request for
information.  However, the Commission notes that the information given to
FERC will be treated confidentially by FERC until FERC rules otherwise, and
those Participants' whose information is given to FERC will retain the
opportunity to oppose release of that information to the general public
before FERC makes the information public.

Market Monitor Information Collection

ISO filed revised procedures intended to give ISO the authority to monitor
for generator physical and economic withholding as a way to raise prices.
Under the revised procedures, a reference price is calculated for each 10MW
block for each generating unit.  The specific reference price is an average
of in-merit bids over the last 30 days.  ISO will investigate all bids that
deviate significantly from the reference price.

Under the ISO's proposed procedures, prospective mitigation will occur if ISO
determines that the bid will have a significant effect on the relevant market
clearing price or uplift payment and the generator cannot adequately justify
why its bid is not anti-competitive.  If a bid is mitigated, ISO will
substitute the generator,s reference price as its default bid.  ISO will
implement these new mitigation measures on July 1.  ISO also proposed to
release bid data after a 3 months delay (FERC previously ordered ISO to
release bid data after a 6 month delay).

Many generators opposed the procedures; Braintree argued they do not go far
enough.  On April 26, FERC accepted ISO,s changes, finding that they do not
give ISO too much discretion and are consistent with NYISO mitigation
procedures.  FERC rejected ISO,s proposal to release data 3 months
after-the-fact and directed ISO to wait 6 months before release.


We continue to attempt to kill the hearing altogether.  Will advise with info as it happens.

Best,
Jeff


The league is complete.  Please check your fees on the website and send me a
check for what you owe.

Here are the final standings and payouts (based on what I have collected):

1) The Wranglers - $281
2) Rounders -           $108
3) PLOVE -                $43
                                     $432

The amounts above will change as people pay their fees.

My address is
2512 Milam St. #5216
Houston, TX 77006

If you won $ please give me your address and I will send you a check!

Thanks,

The Commish


----- Forwarded by Jeff Dasovich/NA/Enron on 05/23/2001 02:27 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/23/2001 02:28 PM

		 To: skean@enron.com
		 cc:
		 Subject: Summary of Core/Noncore Analysis

----- Forwarded by Jeff Dasovich/NA/Enron on 05/23/2001 02:26 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/23/2001 02:25 PM

		 To: Rosalee Fleming/Enron@EnronXGate, Steve Kean, Maureen
McVicker/NA/Enron@Enron
		 cc:
		 Subject: Summary of Core/Noncore Analysis

Rosalee:  Could you please print out the following two documents for Mr.
Lay?  One is an excel sheet showing the summary of the results of our
analysis of the core/noncore market structure that Mr. Lay has been
discussing with leaders in California.  The other is a word document
explaining the summary table's contents.  If you have any questions, just let
me know.  Maureen, can you print out for Steve, too?  Thanks very much for
your help.

Best,
Jeff


On Wednesday, October 31, I sent an email to all Enron employees worldwide in order to ensure that Enron employees retained documents that might be relevant to ongoing litigation.  New lawsuits have been filed that enlarge the scope of the information that Enron will need to retain. The following list includes both the topics in the earlier email and the topics related to the new lawsuits.

Effective immediately, please do the following:

  	1.   	If you have any voice mails that relate in any way to the LJM Deal or Chewco Investments L.P. including any accounting issues related to these transactions, please forward the voice mails to  x3-6800.

2.  	If you have any voice mails that relate in any way to the proposed Dynegy merger or the Enron Corp. Savings Plan, including any accounting issues related to these transactions, please forward the voice mails to  x3-6802.

3.  	If you have any voice mails that relate in any way to Enron's public statements regarding EBS, Azurix, New Power Co., or any voice mail regarding financial transactions involving these matters, including accounting issues related to these matters, please forward the voice mails to  x3-6801.

   	4.   	If you have any voice mails that relate in any way to Enron's public statements regarding the proposed merger with Dynegy or the Enron Corp. Savings Plan or any voice mail regarding financial transactions involving these matters, including accounting issues related to these matters, please forward the voice mails to  x3-6802.

    	5.  	If you have any e-mails that relate in any way to the LJM Deal, Chewco Investments L.P., including any accounting issues related to these transactions, please forward the e-mails to LJM.litigation@enron.com.

6.   	If you have any e-mails that relate in any way to the proposed Dynegy merger, including any accounting issues related to these transactions, please forward the e-mails to dynegy.merger@enron.com.

      7. 	If you have any e-mails that relate in any way to the Enron Corp. Savings Plan, including any accounting issues related to these transactions, please forward the e-mails to enron.savingsplan@enron.com.

  	8. 	If you have any e-mails that relate in any way to Enron's public statements regarding EBS, Azurix, New Power Co. or any e-mail regarding financial transactions involving these matters, including accounting issues related to these matters, please forward the e-mails to classaction.litigation@enron.com.

9.  	If you have any e-mails that relate in any way to Enron's public statements regarding the proposed Dynegy merger or any e-mail regarding financial transactions involving these matters, including accounting issues related to these matters, please forward the e-mails to dynegy.merger@enron.com.

10.  	If you have any e-mails that relate in any way to Enron's public statements regarding the Enron Corp. Savings Plan or any e-mail regarding financial transactions involving these matters, including accounting issues related to these matters, please forward the e-mails to enron.savingsplan@enron.com.

	"LJM Deal" includes LJM Cayman L.P., LJM Co-Investment L.P., TNPC1, Margaux1, Cortez (TNPC), Osprey1, Avici, Catalytica, Fishtail (Pulp & Paper), Backbone, ENA CLO (Merlin), Nowa Sarzyna (Poland), Bob West, MEGS, Yosemite, EECC Turbines (Blue Dog), Raptor 1, Raptor 1a, Raptor 2, Raptor 2a, Raptor 3, Raptor 4, Rawhide, LJM2/WW Loan Agrmt, Osprey 2 LLC1, Rythms, Osprey, Cuiaba,  and LJM Cayco Investments.

Also, please forward all future e-mails and voice mails that relate to the above-referenced subjects to the appropriate e-mail address or voice mail box.  These procedures will ensure that our electronic documents and voice mails are properly preserved.

Shortly, our lawyers will be collecting our traditional files, i.e., written documents, for possible production in litigation.  Until further notice, please retain all of your hard-copy files now in your possession or that come into your possession that in any way relate to:

1.	   The LJM Deal
	2.    Azurix
	3.    New Power Co.
	4.    EBS
	5.    Chewco Investments L.P.
	6.    Accounting for any Enron investments
	7.    Any Enron public statement made to the investment public
 	8.    Any Enron public filing with the SEC or other regulatory bodies
	9. 	The proposed merger with Dynegy
	10. 	The Enron Corp. Savings Plan. It is not necessary to send documents related to your personal participation in the Plan such as Plan communications to you regarding the status of your account.

	Please err on the side of retention of documents.

If you have any questions, please call Andrew Edison at x5-7105.


-----Original Message-----
From: 	Diamond, Daniel
Sent:	Wednesday, January 30, 2002 2:58 PM
To:	DL-NETCO Gas Traders; DL-NETCO Power Traders
Cc:	Forster, David; Mandola, Teresa; Mcquade, Jennifer
Subject:	**IMPORTANT** Stack Manager Users
Importance:	High

We are in the process of confirming that all traders are set up correctly and ready to trade when the system goes live.

We need to make sure that your Stack Managers are accessing the correct database. In order to do this, we need to know how you access Stack Manager:

1) Through Terminal Server (the one that opens up a desktop within a desktop and it actually appears that you have two Start buttons).
or
2) By opening the Stack Manager directly from your "native" desktop.

Please reply to this message with either a corresponding "1" or a "2" in the subject field.

If you're not sure which one you have, please contact myself x39673, Teresa Mandola x39807 or Jennifer McQuade x53614 and we'll come by your desk to help you.

Thank you,

Dan Diamond


Please note that Peco and Commonwealth Edison have assigned their generation
assets to Exelon Generation Company LLC.  Peco and Commonwealth will be
inactivated in Enpower.  Please put all deals under Exelon Generation.  We
have also requested that Exelon apply for new EOL passwords.


Group

We have 10 MW of length from Sierra through the APX light load at $185.  Stan
purchased this NP15 length from the APX and it should be scheduled DA by
Jeremy.  There should be a ECTRT load zone in PGE3 with this length.  Use
whatever opportunities are out there (dynegy across COB or a straight export)
to maximize this position.  The deal numbers are: 581335-purchase from APX
and 581356-desk to desk deal.  Please make sure this gets taken care of.

Cheers
Jesse


Start Date: 4/5/01; HourAhead hour: 22;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040522.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 22 / Preferred:  12.00 / Final:  12.03)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: MARTEL_2_AMFOR


---------------------- Forwarded by Judy Townsend/HOU/ECT on 12/21/2000 11:13
AM ---------------------------

Craig Breslau
12/19/2000 01:25 PM
To: Judy Townsend/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT
cc:
Subject: FW: Service Request

---------------------- Forwarded by Craig Breslau/HOU/ECT on 12/19/2000 01:24
PM ---------------------------

"Kilby, Daniel" <KilbyD@kochind.com> on 12/12/2000 09:51:07 AM
To: "'craig.breslau@enron.com'" <craig.breslau@enron.com>
cc:
Subject: FW: Service Request

Craig,

Attached is Gateway's service request form. You will need to complete this
document as follows in order for us to post the deal (which takes 5 days).
In the interim I will work on the Letter Agreement that is the formal
transportation contract.

Page 1 - Fill out everything with the exception of 1a.
Page 2 - New Service Section: 1, 2 & 3.
             Rate Information: 1, 2, 3 & 4.
Page 3 - Signature Info.
Page 4 - As Needed.

> -----Original Message-----
> From: Engler, Cheryl
> Sent: Tuesday,December 12,2000 9:34 AM
> To: Kilby, Daniel
> Subject: Service Request
> Importance: High
>
>  <<SER_REQ 0309.doc>>
> Cheryl Engler
> Asset Modification Manager
> Koch Gateway Pipeline Co.
> * englerc@kochind.com
> * (713) 544-4739
> *  (713) 544-9170
>

 - SER_REQ 0309.doc
---------------------- Forwarded by Craig Breslau/HOU/ECT on 12/19/2000 01:24
PM ---------------------------

"Kilby, Daniel" <KilbyD@kochind.com> on 12/15/2000 08:45:45 AM
To: "'craig.breslau@enron.com'" <craig.breslau@enron.com>
cc:
Subject: Ormet Letter Agreement

Craig, please find attached a rough draft of the letter agreement for the
Ormet Deal. We need get rolling on this so let me know your thoughts on this
and the service request (sent earlier this week) as soon as you can.

Thanks.

 <<Enron-OrmetLetterAgreement.doc>>

 - Enron-OrmetLetterAgreement.doc


Dale - I want to suggest we set a meeting 2 weeks from this Thursday to fly
to Houston, have about a four hour session (2 hours each) with ABB, and GE in
ENA's offices with Peter Thompson, Lisa Bills et al to get the B/O contracts
done.

Peter is in favor, and I certainly think its time to stop e mailing back and
fourth - just sit down and dedicate the time to get all comments resolved.


Vince,

I'm really feeling like a blind mouse about this because I haven't (nor has
Christie, Mike and Mark) read Mr. Mehta's comments.  I believe that we would
be better equipped to discuss the course of action that should be taken, if
any, after we are well versed with Mr. Mehta and his perspectives.

Although, I do suggest that if we do decide to proceed, we should approach it
by addressing the issues Mr. Mehta discussed under a different premise, i.e.
sponsor a speaking engagement where one of the speakers' topics would be
related to Mr. Mehta's topic - allowing us to strategically tell our side of
the story without it appearing that this is a planned rebuttal.  We should
specifically invite those who attended Mr. Mehta's engagement, but not limit
it to this group.

Let's all discuss this once our group has read Mr. Mehta' comments.

Regard,

Cindy

	Vince J Kaminski@ECT
	10/12/2000 04:37 PM

		 To: Cindy Derecskey/Corp/Enron@ENRON
		 cc: Mark Palmer/Corp/Enron@ENRON, Christie Patrick/HOU/ECT@ECT, Michael B
Rosen/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
		 Subject: Re: Power Play Book

Cindy,

I had rather in mind targeting the same audiences to which Mr. Mehta spoke,
not a general  press release. I agree that a general message to the world
would
attract attention.

Vince

From: Cindy Derecskey@ENRON on 10/12/2000 03:55 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Christie Patrick/HOU/ECT@ECT, Michael B Rosen/HOU/ECT@ECT, Mark
Palmer/Corp/Enron@ENRON
Subject: Re: Power Play Book

Vince,

You are a saint for lending me a copy of your book.  I agree with you that we
don't want increase there revenues even by a $1.00, although my
recommendation (and Mark Palmer's as well) is that we should pursue a
rebuttal for the following reasons:

As I mentioned I scoured  the internet (Britannica.com, Amazon.com, yahoo.com
and Dow Jones) and could not find one mention of the book, therefore Mr.
Mehta's distribution must not be wide at all.  Consequently, his comments may
not have reached a large audience.  Issuing a rebuttal, may in fact, draw
more attention to the comments and issues then they are currently receiving.
I believe we should proceed with caution, and respond accordingly (with
counter comments) only when comments are solicited from us.  So far, we have
not received any telephone inquiries from media in relation to Mr. Mehta's
Enron bashing.  May be we should 'leave the stones unturned'.

Let me know what you think.  Also, please contact me when it is convenient
for me to borrow the book from you.

Regards,

Cindy

	Vince J Kaminski@ECT
	10/12/2000 03:38 PM

		 To: Cindy Derecskey/Corp/Enron@ENRON
		 cc: Vince J Kaminski/HOU/ECT@ECT
		 Subject: Re: Power Play Book

Cindy,

I got a copy of the book and another one is on the way from our officer in
India.
I can lend you the book and you can makes copies of the most important
chapters.
I don't think we should be buying too many copies and increasing the sales of
the book.

In general, I think that we should counter the presentations made by Mr.
Mehta. The person in charge of
our Dhabol operation is a Stanford graduate and maybe he could obtain an
invitation
to speak at the same forum  and present the facts as they are. He should be
here for the management
conference.

Vince

From: Cindy Derecskey@ENRON on 10/11/2000 01:30 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Christie Patrick/HOU/ECT@ECT, Michael B Rosen/HOU/ECT@ECT
Subject: Power Play Book

Good afternoon Vince,

Christie Patrick mentioned to me the conference that your wife recently
attended at Stanford.  At this coference Abahy Mehta discussed his/her
recently published book 'Power Play' - that certainly does NOT flatter
Enron.  I have conducted a search on Amazon.com, Britannica.com and Dow Jones
and I am coming up empty handed.  Would you be kind enough to briefly trouble
your wife to provide any other information she may remember, so I can narrow
my search.

I greatly appreciate it.

Regards,

Cindy


Thanks for putting this together.  I will look forward to reading the details
later today. --Sally

James New
04/03/2001 09:12 AM
To: Sally Beck/HOU/ECT@ECT, Beth Apollo/Enron@EnronXGate
cc: Fernley Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT
Subject: Global Standard on Valuation Methodology Changes and Model Approval

Sally / Beth,

As we discussed when I was in Houston I have put together a draft on
Valuation Methodology Changes and Model Approval. I had a meeting arranged
for today to go through my proposal with Ted Murphy and Tani Nath (she heads
up research and structuring here in London) but Ted cancelled at the last
minute (again). Tani and I met and are broadly in agreement, but before we
can go any further we need Ted's input. He is now away for 2 1/2 weeks so
there is going to be no further progress on this front.

In the mean time I would appreciate your comments on what I have put
together. I would prefer it if it is not circulated around Houston at this
stage until I can accurately say that Ted is happy from a global RAC
perspective. Likewise I still need to get Houston research comfortable but I
am going to wait until Ted has had a chance to add his feedback so I can at
least say that it is only Houston research that is outstanding. Others will
also need to be consulted (and I would like to agree a list of key people
with you) but I can't see their being any real contention. Can you ?

I am assuming that resourcing is likely to be an issue for you in Houston
(and it may well be here too) and this has been added to the outstanding
list. I am envisaging that some of the risk management work could be
completed as part of the curve validation

If there are any questions or feedback please let me know.

James


Maureen, when I last met with Steve, we discussed having 2 of my direct
reports attend the December 9th PRC meeting.  He requested that I decide and
tell you which two.  I have decided on Jeff Keeler and Henry Van.  Thanks
Mike


Kevin

I agree.  If we ultimately trade out of Toronto, the P/L responsibility will
probably role into you.  It looks like we were trying to close Garret Tripp
(Associate) to move to Toronto and start looking at this stuff.  If he is
going, you should meet with him before he goes.


Here's Javier's resume; please let me know if I can do anything to assist in
the interview process.

Molly


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/04/2000
10:53 AM ---------------------------

	From:  Becky Young @ ENRON                           09/01/2000 10:31 AM

To: Hunter S Shively/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Steve
Jackson/HOU/ECT@ECT, Charles H Otto/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT
cc: Nelson Ferries/Corp/Enron@ENRON
Subject: Producer Wellhead Gas Meeting

Please plan to attend this meeting to discuss the tracking of Producer
wellhead gas on September 12 @ 2:30 in EB3536.  You may contact Becky Young
at 30622 with any questions.

Thanks,


Susan:
Sara and I would like to meet with you sometime on Monday to go over all
outstanding work items so we are aware of what can be accomplished before you
leave and what may need to be given to the other paralegals.  Can we do that
at 10 and can you send to us before then an updated list of your outstanding
work assignments? Thanks.

Carol


well?


tEXas tailgatES talk

We welcomed the passing game to the 2001 season Saturday night
at the erector set they call Robertson Stadium. As I watched
the game from the stands, I heard some complaints from the Texas
fans around me. I do not, and will not, ever understand how a
team you support can be 3-0, winning those 3 games by an average
score of 46-15, be ranked in the top 5 in both major polls,
and be in contention for a national title, yet still have
fans unhappy. Do I think the team played perfect Saturday night?
No. Do I think they have things to work on? Yes. Was I ecstatic
that Texas put half of a hundred on the scoreboard against an
opponent on the road? You bet. Do I think this team is improving
every week? Absolutely.

53-26

This game was like just about every game played this weekend- sloppy.
Penalties and missed opportunities were present for both teams early.
The superior talent and depth proved to be the difference in this game.
The Longhorns simply are a better team than UH is right now, and that
showed. Whatever you might think of the Athletic Department and
Administration of UH (I'm right there with you), their football team is
well coached and plays tough. Chris Simms looked like the man-child
everyone was expecting from day 1. He finished the night a cool 20-35
for 311 yards and 3 touchdowns. He was picked off once, put UH got
nothing out of it. Some passes were dropped and another touchdown pass
to Tony Jeffrey was ruled incomplete, but replays later showed it was
a catch. He looked off receivers well, once on the 92-yard t.d. pass
to B.J. Johnson, scrambled when he had to, and really only made 1 or 2
bad decisions. The passing game has arrived. It is widely known that
the most improvement in a team is from game 1 to game 2. That was game
1 for the passing game. The I-Train was a wrecking ball. Williams had
103 yards and 2 touchdowns on 19 carries, and did not see the field in
the 4th quarter. He gave way to Benson, who racked up 74 yards and a
score on 14 carries. That's almost 5 ? yards per carry for the game.
Most impressive was the 3rd and short yardage situations, where Texas
fans have cringed in the past. Each time it was 2nd or 3rd and short,
the 'horns lined up in their 2 tight end set, and everyone in the
stadium knew what the play was and where it was going. It still worked.
5 ? yards per carry. Statistically, the defense has had better days.
They gave up 432 yards and 26 points. Some points of concern are the
lack of a consistent pass rush and some sloppy tackling, but the rest
must be laid at the feet of UH.  The Cougars had an excellent game plan
for Texas, and had 2 weeks to implement it. This was their OU game. They
had 2 games of film on Texas, who had only one (with no relevance, since
it was of Rice and their wishbone atack, that Texas hasn't used in 30 years).
Houston played lights out in the 1st half.  Two things coaches must do
are get their team prepared for the game and adjust to the opponent at
the half. Texas led 20-14 at the half. At the end of the 3rd quarter it
was 33-14. The Texas coaches fixed the immediate problem and stopped Houston
when it had to.  Like I said earlier, the biggest improvement for a team
is from game 1 to game 2. This was game 1 for defending the wide-open
offense.
________________________________________________________________

Texas Tech
6:00 pm   Fox Sports

This should be a fun one, folks. Tech has a chip on their shoulder
because they think they let one get away last year in Lubbock when
Texas walked out of their with a win, 29-17. Texas Tech comes in
2-0 after beating that bully North Texas, who they had previously
split the last 4 meetings with. This is about as one sided a rivalry
as it gets, with Texas leading the 50 games played 37-13. The Red
Raiders have a solid quarterback in Kliff Kingsbury, and a great
playmaker in safety Kevin Curtis. If they could block someone
offensively and stop the run on defense, they could be pretty good.
It's not happening here. Eat a big lunch, because the way these
teams throw the ball, and the way Tech's offensive line blocks,
expect a lot of incompletions and holding penalties. It's going
to be a long night.

INFORMATION FOR TICKET HOLDERS: Expect long lines and delays at
stadium gates, which will open two (2) hours prior to kickoff in
order to accommodate sellout crowds. Police officers are scheduled
to patrol the stadium block the day and night prior to the games.
An increased number of security officers are scheduled to man each
gate. For more information about the new restrictions click here:

http://www.texasexes.org/news.php3?id=52

Don't forget, the worlds largest Tailgate Party starts at 3:00 PM
at the Alumni Center.

_______________________________________________________________________
We are 1 week away from the Red River War. I will include all of the
events that are happening in next week's email. The link to all of
the Texas/OU weekend is below:

http://www.dallastexasexes.org/

If you are interested in riding the bus from Austin to Dallas for
the game, please click below:

http://www.texasexes.org/news.php3?id=54

The tailgate for Oklahoma State is going to be (tentatively) in the
parking lot near the stadium.  The tailgate for Missouri is going
to be (tentatively) at Spanky's Sports Bar in the Holiday Inn in
Columbia. More information is on the way:

http://www.texasexes.org/chapters/TexasTailgates.html

___________________________________________________________________________
News and Notes:
* Kickoff has been set for the OU game. 2:30 pm on ABC.

* Chris Simms' 92 yd touchdown pass to B.J. Johnson was the longest
of Simms career. The previous best was a 70 yarder to Johnson last
year (A&M).

* Texas is 26-0 under Mack Brown when they out rush their opponent.

* D.D. Lewis recovered the 9th fumble of his career in the 4th quarter
against UH, tying him for the all-time lead with Tim Campbell (1975-79)
and Oscar Giles (1987-90).

* Look for Derrick Johnson to be starting soon. Bam Bam came off of
the bench in the 3rd quarter and had an immediate impact, with 6
tackles/4 solo. He finished 3rd on the team in tackles for the game.

* Texas is 3-0 for the 1st time since 1994.

Around the Conference:
* The Aggies pulled off the Red/White/Blue decks for the game against
O.S.U. on Saturday.  It was quite a site, and very impressive. They
beat Oklahoma State 21-7, and host Notre Dame this weekend.

* OU will end its 3-week layoff as they host Kansas State this weekend.
The Sooners were off on September 22nd, and postponed their Sept. 15th
game with Tulsa to Nov. 24th. It will be interesting to see how they
come out. K-State seems to be hitting on all cylinders as they
annihilated New Mexico State 65-0. They led 50-0 at the half.

* Baylor is off to its best start since 1996. The Bears beat New Mexico
in OT 16-13 on Saturday. They are 2-0.

* Iowa State is also 2-0. The Cyclones beat Ohio 31-28 on Ennis
Haywood's 219 yards rushing. They host Baylor this weekend.

* The Big XII went 8-2 this weekend; with 2 teams idle (OU, Mizzou).
The only 2 losses came in conference play, OSU to A&M, and Kansas to
Colorado. The rest of the league went 6-0 in out of conference play.

Take Care. See you all this weekend.

Hook'em

Trey McLean
Texas Exes

______________________________________________________________________

Home, Business, Work, Yahoo... when you sign up for the free email
forwarding service from the Texas Exes, you decide where your email
goes, anytime.  Sign up now, or change your preferences at:

http://www.alumni.utexas.net/
______________________________________________________________________

Do you want to advertise your business for free?  The Texas Exes offer
a free on-line business listing for UT grads and Members of the Texas
Exes.  Sign up for the Texas Orange Pages at:

http://www.texasorangepages.org/
______________________________________________________________________

FORWARD THIS EMAIL TO A FRIEND!

To subscribe to the Texas Tailgate Talk send this email to
texasexeschapters@alumni.utexas.edu with SUBSCRIBE in the
subject line.  Be sure and include YOUR FULL NAME in the body
of the email.

To unsubscribe send an email with UNSUBSCRIBE in the subject
line to texasexeschapters@alumni.utexas.edu.  Be sure and
include YOUR FULL NAME in the body of the email.


my goal is to pull off a double play - unassisted.


RBoyle@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

By October 24, 12 Midnight, all Suppliers, LSEs and Marketers must certify
their November UCAP activity.

The ISO may impose  a sanction for failure to certify.

Bob Boyle


Vern,

I spoke with Annemieke and she said that you would be the person to contact
about adding a report to the executive viewer.  We need to add a gas report.
The title of the Report will be Natural Gas Basis by Trader.  I am attaching
a copy of the report that will be published.  Please let me know if you need
any additional information.

Thank you for your help,
Robin
x57478


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

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

Charlene,

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

D

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

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

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

Charlene,

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

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

D

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

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

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

Charlene,

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

Sorry I could not be of more assistance!

vlt
x3-6353

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

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

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


Just a reminder, in order to keep this project on track,  I need the
remaining credit sheets for those counterparties as discussed in our
meeting.

To date, all previous drafts have been completed and sent to those customers
with negotiations in process.

Thanks for your help!!!

DP


Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
   Wednesday, February 6 2002 No. 928
Visit: http://www.enerfax.com  to view our web version or for Oil Prices & News http://www.enerfaxgold.com

PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.08  |
| ANR SE                  | 2.14  |
| Carthage TG             | 2.13  |
| Chicago Citygate        | 2.20  |
| Columbia Gulf Onshore   | 2.18  |
| Dominion South Point    | 2.46  |
| Henry Hub               | 2.20  |
| Houston Ship Channel    | 2.19  |
| Katy Hub                | 2.12  |
| NGPL LA Pool            | 2.14  |
| NGPL - Midcontinent     | 2.09  |
| NGPL STX                | 2.09  |
| NGPL TX/OK              | 2.12  |
| NNG Demarc.             | 2.15  |
| Niagara                 | 2.46  |
| Sonat Tier 1            | 2.16  |
| TCO IPP Pool            | 2.29  |
| Tetco ELa               | 2.18  |
| Tetco M-3               | 2.69  |
| Tetco STX               | 2.11  |
| TGP Zone 0              | 2.10  |
| TGP Zone 1 (500 Leg)    | 2.16  |
| TGT Zone SL             | 2.18  |
| New York Citygate       | 3.00  |
| Transco Station 65      | 2.22  |
| Transco Zone 6 (NY)     | 3.00  |
| Trunk ELa               | 2.14  |
| Western Region
| California Border       | 2.16  |
| El Paso Keystone        | 2.04  |
| El Paso San Juan-Blanco | 2.05  |
| Waha Hub                | 2.08  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 2.83  |
| Dawn Hub/Union          | 2.29  |
| Northwest Stanfield     | 1.99  |
| Wyoming Pool            | 1.91  |
| Opal                    | 1.91  |
| PGT-Malin               | 2.08  |
| Sumas                   | 1.95  |
Flow Date 2/6
-------------------------------------------------------------
NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.4864  -0.0152
18 Month Strip  2.5950  -0.0073
| Month | High  |  Low  | Close | Change |
|  MAR  | 2.140 | 2.070 | 2.074 | -0.043 |
|  APR  | 2.200 | 2.150 | 2.152 | -0.032 |
|  MAY  | 2.260 | 2.220 | 2.227 | -0.025 |
|  JUN  | 2.325 | 2.290 | 2.297 | -0.020 |
|  JUL  | 2.385 | 2.355 | 2.362 | -0.015 |
|  AUG  | 2.435 | 2.415 | 2.419 | -0.013 |
|  SEP  | 2.440 | 2.422 | 2.422 | -0.010 |
|  OCT  | 2.460 | 2.440 | 2.450 | -0.009 |
|  NOV  | 2.690 | 2.670 | 2.670 | -0.009 |
|  DEC  | 2.895 | 2.870 | 2.873 | -0.006 |
|  JAN  | 2.990 | 2.965 | 2.968 | -0.001 |
|  FEB  | 2.940 | 2.920 | 2.923 | +0.001 |
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Natural Gas Futures Dip Lower in Quiet Trading

Natural gas for March delivery on the NYMEX dropped $0.043 to $2.074 per MMBtu yesterday. The April contract lost $0.032 to $2.152 per MMBtu. The market dipped lower soon after opening higher and spent most of the session between $2.10  $2.12, but fell off sharply near the close as locals sold down the contract to the $2.07 support level and went home short. The AGA will release this weeks storage report this afternoon, and while some traders are predicting a very bearish less than 100 Bcf withdrawal, look for the number to be closer to 120 Bcf. Cold weather in the Midwest and Texas, the growing differential between cash and futures, and the perceived premium in the early March contract have kept the market from dropping further. Physical prices retained their premium over futures yesterday on short-term cold weather at some pipelines, maintaining about a $0.07  $0.10 premium over the NYMEX. But cash traders expect the demand to ease quickly as temperatures moderate by t! his weekend. As usual, the market will look to the weekly storage report for short term direction, but it is the massive amount of volumes still in storage compared to last year that has put a cap on longer term price increases. Natural gas for next day delivery across the US and Canada was generally flat to plus or minus a few cents yesterday. Natural gas for next day delivery at the Henry hub gained $0.02 to $2.20 per MMBtu.
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Today's Power Bulletins
* Ameren 4th Quarter Earnings Jump 19% as Increased Electricity Sales Offset Lower Prices
* In Wake of Enron Collapse, Senate Energy Committee Takes 2nd Look at Public Utility Holding Company Act at Hearing Today
* California Senate Energy Committees Plans Hearing on ISOs Market Design Plan for 2002; Members Have Serious Doubts About ISOs Ability to Enforce Market Rules Going Forward
* Allegheny Energy Files Shelf to Sell Up to $1.5 Billion in Common Stock, Preferred Securities, Debt Securities, Warrants, Contracts, Units and Trusts
* Unitil Cuts New Hampshire Electric Rates to Lowest in Region
* El Paso Completes 172 MW Expansion of Linden NJ Power Plant
* Centennial Power Acquires Rocky Mountain Power
* Duke/Fluor Daniel to Build 875 MW Power Plant for South Carolina Electric & Gas
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Enron Executives Knew of Losses

Enrons top executives and board of directors knew as early as March that its off the books partnerships were losing money, according to William Powers, dean of the University of Texas Law School who was appointed Enrons board of directors to investigate the company. In testimony before the House Energy and Commerce Committee, Powers said that Enron had a $500 million loss in March. Rather than report it to shareholders, Enron gave a partnership called Raptor another $800 million in Enron shares. He said that there is no doubt that almost everyone, from the board of directors on down, knew that the company was attempting to offset investment losses with stock. The partnerships allowed Enron to misrepresent earnings for a period spanning the 3rd quarter of 2000 through the 3rd quarter of 2001 by $1 billion. Powers told that committee that over 70% of Enrons earnings for that period were false. He said that there were red flags that should have alerted former chairman Ken L! ay to what was happening. Powers says that Lay definitely understood that Enron was using its own stock to offset the losses in the partnerships.
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-------------------------------------------------------------
Natural Gas NYMEX Volume
02MAR   25,298
02APR    7,115
02MAY    2,369
02JUN      807
02JLY    1,671
02AUG    2,177
02SEP    1,961
02OCT    2,144
02NOV      638
02DEC      475
03JAN      905
03FEB      351
03MAR    1,138
03APR      543
03MAY      498
03JUN      609
03JLY      230
03AUG      141
03SEP       97
03OCT      138
03NOV       38
03DEC       58
04JAN      110
04FEB       20
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Reliant Shares Plunge after Delay of 4th Quarter Results

Reliant Resources stock plunged more than 13% yesterday, dropping to a 52-week low after it delayed 4th quarter earnings and said it will restate earnings for the 2nd and 3rd quarters of 2001 to reflect additional profits of $100 - $130 million. However, it lowered its earnings guidance for 2002. Reliant Resources is 80% owned by Reliant Energy, which also delayed its 4th quarter report. Shares of Reliant Energy dropped $1.98, or 8%, to $22.94. Reliant Resources said it will restate earnings due to a reclassification of purchases and sales of natural gas and power that were originally intended to be cash flow hedges, but said it now believes the transactions did not meet all of the necessary criteria for hedge accounting. Reliants accounting department discovered the error as it was preparing the year-end statement and brought it to the attention of outside auditors and the audit committees of both Reliant boards. As a result of the reclassification, Reliant will recogni! ze in 2001 earnings that which it had expected to recognize in 2002 and 2003, resulting in the lowered earnings estimate. The move will not affect cash flow for any period. Reliant now expects earnings in 2002 of $1.80 - $2.00 per share, below previous estimates of $2.05 - $2.15 to reflect weak economic conditions and steps taken to strengthen its balance sheet. Moody's and S?both said that the announcements would not have any impact on the credit rating of Reliant Resources, which was placed on credit watch after Reliant said it planned to buy Orion Power Holdings for $2.9 billion. The deal also involves assumption of $2.1 billion in debt which could cause problems in todays post-Enron environment. Reliant has lowered its capital spending budget for 2002 to 2006 by $1.6 billion to further strengthen its balance sheet.
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PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 26.00 | 22.75 |  23.45  |
| ECAR       | 29.00 | 19.00 |  24.00  |
| ERCOT      | 19.35 | 18.25 |  18.70  |
| Entergy    | 23.00 | 21.10 |  21.60  |
| TVA        | 25.30 | 24.50 |  25.10  |
| ComEd      | 23.75 | 23.00 |  23.35  |
| Nepool     | 29.75 | 28.75 |  29.10  |
| PJM West   | 25.75 | 24.75 |  25.20  |
| Main       | 24.00 | 19.75 |  21.80  |
| MAPP       | 24.00 | 21.00 |  22.40  |
| Palo Verde | 23.50 | 22.50 |  23.05  |
| Mid C      | 20.25 | 19.20 |  19.50  |
| COB        | 22.25 | 21.75 |  22.05  |
| 4 Corners  | 24.00 | 23.90 |  23.95  |
| Mead       | 24.50 | 23.75 |  24.25  |
| NP 15      | 24.75 | 24.25 |  24.55  |
| SP 15      | 25.50 | 24.00 |  24.65  |
-------------------------------------------------------------

Europeans Trade Enron Debt to Limit Exposure

Enrons European creditors are scrambling to cut their losses of billions of dollars to trading partners and banks across the continent. UK energy companies are pairing off debts and credits, owed to and by Enron, as they look to limit the losses. Exposures have been exacerbated in some cases by the invalidity of bank guarantees given by the group just before it failed in November. Debt trading could reduce by millions of dollars the amount of money Enron Europe's bankruptcy administrators PricewaterhouseCoopers can recover as companies try to limit their exposure to the energy group. PWC was appointed in late November to wind up Enron's European division. PWC expects to recoup only about $100 million from contracts held by Enron Europe's main trading unit, Enron Trade Capital Trade Resources. Liabilities in Europe would run in to the billions of dollars, PWC has told creditors.  Many creditors are expecting to recoup little or none of the money owed to them. Debt trading ! is legal during administration but has to stop once the company is put into liquidation, the next stage in the bankruptcy process. The administrators are not necessarily aware of the details of the debt trading and will only be able to see the impact when the company is liquidated and they try to recover the remaining money owed to Enron. PWC will hold Enron creditors' meetings in London next week followed by an auction of the contents of Enron's London headquarters.
-------------------------------------------------------------

OPEN SEASON
SG Resources Mississippi, L.L.C., a wholly owned subsidiary of SGR Holdings, L.L.C., is conducting an open season for firm storage services at its new high-deliverability, salt cavern, natural gas storage facility, known as the Southern Pines Energy Center. The open season will begin at 9:00 a.m. CDT on February 4, 2002, and will continue until 5:00 p.m. CDT on March 4, 2002. The project is located at the border of Mississippi and Alabama with access to the major pipelines serving the Mid-Atlantic and the Southeastern United States. The facility is ideally located to serve as a transportation and storage hub for shippers on any one of nine major pipelines that will be interconnected directly or indirectly to the project. Information on the facility and the Open Season is available on our web site at          http://www.sgr-holdings.com
or contact us at 713-914-8188.
-------------------------------------------------------------

Todays Gas Bulletins
* President Bush Refuses Appeal by Democratic Senators to Appoint Special
Prosecutor to Lead Enron Investigation
* Lehman Brothers Cuts Investment Rating on Alberta Energy to Market Perform from Buy
* EPA Memo Says White House Energy Plan Misleading
* Enron Ex-Chief Lay Subpoenaed But May Not Talk; Former CEO Skilling Still Plans to Testify Thursday
* Andersen Fights Accusations Before Congress It Helped Design Off-the-Books
Partnerships Enron Used to Hide Losses, Enrich Senior Executives and Hoodwink Investors
* Forest Oil Announces 2001 Drillbit Reserve Replacement of Over 250% of Production at $1.27 per Mcfe
* Moodys Says US Corporate Credit Quality Tumbles in January
* Treasury Secretary Paul O'Neill Says CEOs Need More Accountability
* China Starts Building Controversial 2,600-Mile, $18 Billion Natural Gas Pipeline
* OG?Estimates Ice Storm Costs Could Top $100 Million; Company to Seek Financial Relief
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Nymex Natural Gas Option Volatility
Supplied by "The Daily Hedger"
Futures	                              Implied
Month	Settlement Days Left    Volatility
Mar   $2.074      20     63.1%
Apr   $2.152      48     58.4%
May   $2.227      79     52.2%
Jun   $2.297     112     46.3%
Jul   $2.362     140     47.5%
Aug   $2.419     171     46.9%
Sep   $2.422     203     47.2%
Oct   $2.450     232     48.2%
Nov   $2.670     265     47.1%
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POWER FUTURES
| Month |   COB   | Change |   PV    | Change |
| MAR   |  17.00  | -2.25  |  22.00  | +0.65  |
| APR   |  19.00  | -0.75  |  22.75  | +0.50  |
| MAY   |  20.50  | +1.00  |  24.00  | +0.25  |
| JUN   |  22.00  | +2.00  |  27.50  | +0.75  |
| JUL   |  26.50  | +0.00  |  37.50  | +0.25  |
| AUG   |  38.00  | +0.00  |  42.75  | +0.25  |
| SEP   |  30.50  | +4.50  |  33.00  | +0.00  |
| OCT   |  28.50  | +4.50  |  29.00  | +1.00  |
| NOV   |  29.00  | +4.50  |  28.50  | +1.50  |
| DEC   |  30.00  | +4.00  |  29.00  | +1.50  |
| JAN   |  30.00  | +0.00  |  29.00  | +0.75  |
| FEB   |  29.50  | +2.00  |  28.50  | +0.50  |
| Month | Entergy | Change | Cinergy | Change |
| MAR   |  20.00  | +0.20  |  21.10  | +0.20  |
| APR   |  20.00  | +0.20  |  21.60  | +0.35  |
| MAY   |  22.50  | +0.25  |  24.70  | +0.20  |
| JUN   |  27.50  | +0.40  |  30.00  | +0.25  |
| JUL   |  34.50  | -0.10  |  38.25  | +0.25  |
| AUG   |  34.50  | -0.75  |  38.25  | +0.25  |
| SEP   |  21.85  | +0.00  |  22.90  | +0.05  |
| OCT   |  21.85  | -0.15  |  22.90  | +0.00  |
| NOV   |  21.85  | -0.15  |  22.90  | +0.00  |
| DEC   |  21.85  | -0.15  |  22.90  | +0.00  |
| JAN   |  24.10  | -0.05  |  25.90  | +0.40  |
| FEB   |  24.10  | -0.05  |  25.90  | +0.40  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| MAR   | 25.10 | +0.40  |
| APR   | 25.10 | -0.10  |
| MAY   | 28.25 | +0.00  |
| JUN   | 35.00 | +0.25  |
| JUL   | 46.15 | +0.05  |
| AUG   | 46.15 | +0.00  |
| SEP   | 27.15 | +0.10  |
| OCT   | 26.00 | -0.05  |
| NOV   | 26.00 | -0.05  |
| DEC   | 26.00 | -0.05  |
| JAN   | 30.25 | +0.00  |
| FEB   | 30.25 | +0.00  |
-------------------------------------------------------------

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

ICE to Move Natural Gas Trading to IPE First

The European natural gas business on the IPE will be the first to move onto the electronic platform of the IntercontinentalExchange following the merger of the two exchanges. The move will likely be done this summer. ICE took over the IPE last year in a bid to create a global electronic platform for trading futures and over-the-counter products. ICE eventually plans to transfer all of IPE's business online and away with open outcry pit trading. ICE is owned by 100 of the world's largest energy and metals traders, brokers and bankers. And, what a coincidence that EnronOnline got out of ICE's way just in time as it was approaching critical mass. We were just a tree in the forest, and then the forest burned down, says ICEs CEO. From hosting 2,500 trades totaling $2 billion a day in September, ICE now averages $4 billion per day and 4,600 trades.
-------------------------------------------------------------

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--------------------------------------------------------------------------------------------------------------------------
Enron Trading Unit May Have Operated in Red

Enron's energy trading unit may have been operating in the red for months prior to its bankruptcy. Enron's Wholesale Services reported 3rd quarter profits climbed to $696 million before interest and taxes, but its profit margin dropped to 1.6%. The ratio of profit to sales does not include funds borrowed to cover $2.8 billion in daily trades by EnronOnline. In filings with the SEC, in the 3rd quarter, the last period for which figures are available, Enrons trading revenue rose 54% to $43.4 billion. In July, Enron officials claimed that the trading unit was dramatically expanding and profitable. The unit was credited with producing 97% of Enrons 2000 revenue. Enron had $28 billion in revenue from trading with a profit of $627 million, or a 2.2% margin before interest and taxes in the 3rd quarter of 2000. Enron's energy trading unit had a 1% profit after taxes and interest last year, according to estimates. But, since Enron didn't account for the funds borrowed to cover $2! .8 billion in daily trades, profit margins may have been much lower or nonexistent. Enron also had 3,000 affiliated partnerships which hid up to $1 billion of losses and some industry insiders have said that Enron's losses may have been too much for any trading unit to cover. One of the partnerships bought 14 Enron power plants for $800 million in 1999, using money that was generated by selling bonds backed by Enron shares. In the 2 years prior to its collapse, Enron sold billions of assets to independent companies and at times for as little as $0.50 on the dollar. In 1999, it received $247 million for a London power plant 10 months after opening it at a cost of $500 million. Last year, Enron sold Azurix for $1.4 billion after paying $2.8 billion for it in 1998. In fact almost everything other than EnronOnline seemed to have to have lost money over the last few yaers, from telecom to Indian power plants.
-------------------------------------------------------------

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

FINANCIAL SUMMARY
The TSE 300 dropped 67.60 points to 7523.47
The CRB Index gained 0.46 points to 189.76
The US Dollar increased 0.64 points to 119.54
The Dow declined 6.85 points to 9685.43
The S?500 lost 4.42 points to 1090.02
The Nasdaq was down 17.01 points to 1838.52
March NYMEX Crude Oil Flat at 20.07
Canadian-US Exchange rose 0.0063 to 1.5978
-------------------------------------------------------------

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Higher Education for refined product professionals

NOW ENROLLING RISK MANAGEMENT COURSES: PROFESSIONAL GASOLINE AND DISTILLATE
MANAGEMENT, PETROLEUM MARKETER, and  ADVANCED GASOLINE AND DISTILLATE MASTER
LEVEL.
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-------------------------------------------------------------
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Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service .


Attached is the weekly (or, of late, bi-weekly) update of events at the
CPUC.  Call if you have any questions.

 <<X20615.DOC>>

Jeanne Bennett

 - X20615.DOC


Please find attached the Letter to the Commission and assorted documents
regarding the capacity auction implementation for ERCOT.  The PUCT approved
this as a docketed case and as such we will need to file a Motion to
intervene on or before May 21, 2001.  I am preparing to file the motion on
behalf of EPMI.  There will be a pre-hearing conference on May 22, 2001 that
will set the testimony and hearing schedule.  The auction must be completed
by September 1, 2001.

This will be the last opportunity to comment before the PUCT prior to the
first capacity auction.  As you review Schedule CA, please be aware that some
of the provisions have two different proposals.  We may provide comments on
the merits of one alternative or another or provide an alternative position
that may not be included in the document.  The capacity auction rule itself
will not be subject to comments at this time.  I will prepare an issues list
and circulate it after the Pre-hearing conference (May 23, 2001).

After the first auction (September 1, 2001), staff will propose changes to
the Capacity Auction Rule and/or the Capacity Auction process as needed.

Thane Thomas Twiggs
Enron Corp
1400 Smith Street
Houston, Texas 77002

713-853-3199 Voice
713-408-4463 Mobile
713-646-8272 Fax
877-968-8967 Digital Pager or 8779688967@skytel.com


good info. i don't believe there will be many more "ei" type asset
acquisitions any time soon. rick


Kathleen,

Please call Karen Way at Piper Rudnick and follow up on the points you
raised.  October 2 sounds good to me for an effective date, but you might as
well check with Karen to see if there is a reason she didn't date it.

Good job.

Thanks,

Kay

	From:  Kathleen Carnahan                           10/10/2000 12:31 PM

To: Kay Mann/Corp/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT

Subject: Ledford and Fehr (Illinois Options)

Kay,

When the Ledford's and Fehr's signed the Option Agreements, they did not date
on the signature page however, October 2, 2000 was inserted on page 1 (the
Cover Sheet).  Can I insert October 2, 2000 as the effective date on the
signatue pages?

Also, Paragraph 15 of the Option Agreements refers to a Memorandum to be
executed and recorded in the office of Recorder of Deeds.  Do you know where
these documents are?  It may be that outside counsel has them and will record
them.  If not, I guess we should follow up?

Kathleen


Steve,

Please forgive the delay.  I was having trouble with my PC again (we have a
replacement in the works).  We are discretely investigating this group a bit
more, but the general conclusion is that they may be a front for one of the
opposition groups.  We are preparing counter arguments for the general
public, but do not see much value in opening a dialogue with this "group."
We always have had opposition and we can expect that socialists etc. (some
groups have boasted that they will storm the DPC fences on March 1) will
begin to rally using us as a scapegoat for Maharashtra's financial
difficulties.  At present, we are getting balanced press and I fear that any
explanation/outreach to the most vitriolic opposition will be used against
us.  I am available to discuss this at your convenience.

John
---------------------- Forwarded by John Ambler/ENRON_DEVELOPMENT on
02/19/2001 11:55 PM ---------------------------

Maureen McVicker@ENRON
02/16/2001 03:30 PM
To: John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Dabhol

Steve's out of the office right now - but will be back shortly.

Please let Steve know what you think.

Thanks.

----- Forwarded by Maureen McVicker/NA/Enron on 02/16/2001 03:29 PM -----

	Jeff Skilling
	Sent by: Sherri Sera
	02/16/2001 02:21 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron
		 Subject: Dabhol

Steve, please look at the link below.  Jeff wants to know if we should get in
touch with this group to explain our side.  Thanks, SRS

http://boards.fool.com/Message.asp?mid=14354856


Complete application for Troy an AT&T calling card and forward to Morris.
Assigned to: CN=Jeff Arnold/OU=GCO/O=Enron
Updated by: CN=Jeff Arnold/OU=GCO/O=Enron


How does Friday sound for our chicago compressor \ interconnection meeting?
Can you guys arrange a meeting room and lining-up one of ENA's compression
experts?  Tim will be ready to discuss his project and expected costs.  Let
us know what other information we should be prepared to discuss.

Richard


----- Forwarded by Jeff Dasovich/NA/Enron on 12/07/2000 03:34 PM -----

	Jennifer Rudolph@EES
	12/07/2000 12:57 PM

		 To: CA Team
		 cc:
		 Subject: NEWS:  San Diego Union Tribune Article

---------------------- Forwarded by Jennifer Rudolph/HOU/EES on 12/07/2000
12:57 PM ---------------------------
   Elizabeth Peters                12/07/2000 12:46 PM

To: Jennifer Rudolph/HOU/EES@EES
cc:
Subject: San Diego Union Tribune Article

Per the conference call here is the requested article.

Beth


You are most welcome.  Hope the food is as good as the OTHER get together.  SS

	Suzanne Adams
	06/26/2000 03:43 PM

		 To: Carol St Clair/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Jason Peters/Corp/Enron@Enron, Taffy Milligan/HOU/ECT@ECT,
Samantha Boyd/NA/Enron@Enron, Kaye Ellis/HOU/ECT@ECT, Marie Heard/Enron
Communications@Enron Communications, William S Bradford/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT
		 cc:
		 Subject: REMINDER-LUNCH FOR ROD NELSON

This is a reminder that the lunch for Rod is tomorrow (Tuesday) at noon in
the Wine Room at Grappino di Nino (behind Vincent's).  We look forward to
seeing you all tomorrow.  Thanks, Suzanne, x37340