fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 05/04/2001
07:34 PM ---------------------------
From: Gina Taylor/ENRON@enronXgate on 05/02/2001 02:52 PM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: FW:  Kinder Morgan And Calpine Announce Plans to Develop New Natural
Gas Pipeline to California

fyi....

Gina

 -----Original Message-----
From:  Corman, Shelley
Sent: Wednesday, May 02, 2001 2:40 PM
To: McCarty, Danny; Harris, Steven; Hyatt, Kevin; January, Steven; Blair,
Lynn; Taylor, Gina; Fossum, Drew; Miller, Mary Kay
Cc: Horton, Stanley
Subject:  Kinder Morgan And Calpine Announce Plans to Develop New Natural Gas
Pipeline to California

FYI

Wednesday May 2, 2:11 pm Eastern Time

Press Release
SOURCE: Kinder Morgan Energy Partners, L.P. and Calpine Corporation

Kinder Morgan and Calpine Announce Plans to Develop New Natural Gas Pipeline
To California

Sonoran Accepts Binding Bid for 400,000 Dekatherms/day

HOUSTON, May 2 /PRNewswire/ -- Kinder Morgan Energy Partners, L.P. (NYSE: KMP
- news) and national independent power company Calpine Corporation (NYSE: CPN
- news) today announced plans to jointly develop the Sonoran Pipeline,
subject to a successful open season and all other approvals. As proposed, the
Sonoran Pipeline will be a 1,160-mile, high-pressure interstate natural gas
pipeline from the San Juan Basin in northern New Mexico to markets in
California. The project will provide much needed natural gas transportation
capacity to California to serve rapidly growing electric generation demand.
In addition, producers will be able to move more natural gas from the San
Juan Basin through the Sonoran Pipeline. This will benefit California
consumers, as access to these abundant natural gas supplies has been
constrained due to a lack of pipeline infrastructure.

The interstate pipeline will be evaluated and developed in two phases, which
will be subject to the jurisdiction of the Federal Energy Regulatory
Commission (FERC). The first phase will run from the San Juan Basin to the
California border, with the second phase extending from the California border
to the San Francisco Bay area. The first phase of the pipeline is expected to
be completed in the summer of 2003.

``This exciting project will enable us to grow our core business and extend
our natural gas transportation service into new markets,'' said Richard D.
Kinder, chairman and CEO of KMP. ``We don't currently transport natural gas
into California, but we do own and operate the largest independent products
pipeline on the West Coast, headquartered in Orange, Calif. We will utilize
our expertise as a major natural gas pipeline operator and transporter to
build the Sonoran Pipeline, and we look forward to expanding our relationship
with Calpine, one of the leading power plant developers in America.''

According to Pete Cartwright, chairman, president and CEO of Calpine, the
project will serve several important purposes for Calpine. ``The Sonoran
Pipeline will help ensure a diverse supply of natural gas in California. With
our existing plants in California, and our plans to bring on line an
additional 9,000 megawatts of capacity, it is essential that we have a
dependable, competitively priced source of natural gas. This important new
pipeline will allow us to better control our costs in the California market
to help lower energy prices and build needed generation. This project is a
great example of two energy companies joining forces and utilizing their
complementary strengths to provide real solutions to California's energy
crisis.''

The project is expected to be developed in two phases.

Phase One:

Phase One will consist of approximately 460 miles of 36-inch, high- pressure
natural gas interstate pipeline originating from interconnects with
TransColorado Gas Transmission Company, Transwestern Pipeline Company and
various points at the Blanco Hub in San Juan County, N.M. near the Colorado-
New Mexico state line; thus providing access to the major producing basins in
the western U.S. The pipeline will continue westward with delivery points on
the California/Arizona border near Needles with a 20-mile, 24-inch lateral to
Topock. The pipeline will initially transport up to 750,000 dekatherms (Dth)
of natural gas per day and can be economically expanded with compression to
transport up to 1.0 million Dth per day. A binding ``open season'' will be
held this month and potential shippers will be given the opportunity to
commit to firm capacity on the new line. Given sufficient shipper support in
the open season, Sonoran Pipeline, LLC (Sonoran) proposes an in-service date
in the summer of 2003. The estimated cost of phase one of the project is
approximately $624 million. The open season will seek at a minimum, 20-year
term commitments at a fixed transport rate of $0.39 per Dth for firm
transportation. Sonoran proposes to charge shippers actual fuel on Phase One
via a fuel tracker. Fuel is estimated at 1.3 percent. Sonoran has already
received an acceptable binding bid from Calpine Energy Services, L.P. for
400,000 Dth per day.

Phase Two:

Phase Two will be an extension of Phase One and consist of approximately 590
miles of 36-inch and 42-inch high-pressure interstate natural gas pipeline
continuing from Needles on the California border to points within California,
terminating near Antioch in Contra Costa County. Depending on shipper
interest, Phase Two will transport from 1.0 to 1.5 million Dth of natural gas
per day. A non-binding ``open season'' will be held on Phase Two simultaneous
with the Phase One open season, and potential shippers will be given the
opportunity to express their interest in obtaining firm capacity to
California delivery points. Sonoran has already received a non-binding bid
from Calpine Energy Services, L.P. for 500,000 Dth per day for Phase Two. The
estimated cost of Phase Two is approximately $1.1 billion.

The pipeline could connect with several gas pipelines, utilities and
suppliers, such as Kern River, Mojave, Elk Hills, Pacific Gas and Electric
Company, Southern California Gas and numerous gas-fired power plants,
including Calpine's, along its route. Additionally, Sonoran would consider
other potential connections in accordance with shipper requests.

After finalizing precedent agreements, in which shippers make binding
contractual commitments to capacity on the line, Sonoran Pipeline will file
an application for approval of the project with the FERC. Sonoran expects to
utilize existing right-of-way corridors as much as possible to minimize
potential environmental impact. Shippers seeking additional information on
the project should contact Vice President Scott Parker at (630) 691-3689 or
Project Director Ron Happach at (630) 691-3622.

Based in San Jose, Calif., Calpine Corporation is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is
focused on clean, efficient, natural gas-fired generation and is the world's
largest producer of renewable geothermal energy. Calpine has launched the
largest power development program in North America. To date, the company has
approximately 31,200 megawatts of base load capacity and 6,800 megawatts of
peaking capacity in operation, under construction, and in announced
development in 28 states and Canada. The company was founded in 1984 and is
publicly traded on the New York Stock Exchange under the symbol CPN. For more
information about Calpine, visit its website at www.calpine.com.

Kinder Morgan Energy Partners, L. P. is the nation's largest pipeline master
limited partnership with an enterprise value of more than $7 billion. It owns
and operates one of the largest product pipeline and terminal systems in the
country. In addition, it is a major transporter of natural gas, operating
more than 10,000 miles of pipeline; is the nation's leading provider of CO2
for use in enhanced oil recovery projects; and is one of the largest
operators of bulk terminals, with 29 terminals which transload 40 million
tons of coal, petroleum coke and other products annually. The general partner
of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI - news), one of the largest
midstream energy companies in America, operating more than 30,000 miles of
natural gas and product pipelines. KMI also has significant retail
distribution, electric generation and terminal assets. Combined, the two
companies have an enterprise value of approximately $17 billion.

This news release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Although Kinder Morgan believes that its expectations
are based on reasonable assumptions, it can give no assurance that such
assumptions will materialize. Important factors that could cause actual
results to differ materially from those in the forward-looking statements
herein are enumerated in Kinder Morgan's Form 10-K and 10-Q as filed with the
Securities and Exchange Commission.

This news release discusses certain matters that may be considered
``forward-looking'' statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements regarding the intent,
belief or current expectations of Calpine Corporation (``the Company'') and
its management. You are cautioned that any such forward-looking statements
are not guarantees of future performance and involve a number of risks and
uncertainties that could materially affect actual results such as, but not
limited to, (i) changes in government laws and regulations, (ii) the results
of proceedings before regulatory bodies or courts with jurisdiction over the
project, (iii) commercial operations of the project that may be delayed or
prevented because of various development and construction risks such as the
inability to obtain financing and the necessary permits to operate, the
acquisition of rights-of-way, or the failure of third party contractors to
perform their contractual obligations, (iv) cost estimates are preliminary
and actual costs may be higher than estimated, which could adversely affect
the return on investment, (v) other market responses of competitors, (vi)
future demand for natural gas in the markets the pipeline proposes to serve,
(vii) the risks associated with engineering, designing and installing
pipeline parts and components, or (viii) delivery and performance risks
associated with pipeline parts and components attributable to production,
quality control, suppliers and transportation. You are also referred to the
other risks identified from time to time in the Company's reports and
registration statements filed with the Securities and Exchange Commission.

SOURCE: Kinder Morgan Energy Partners, L.P. and Calpine Corporation


Please find attached the minutes from the April 2nd energy committee
meeting.  I apologize for the delay in distributing these minutes.  If you
have any questions, please feel free to contact me.

 - Energy Committee Meeting Minutes April 2.doc


please print for me as well as attachemnts.  thanks. mhc

---------------------- Forwarded by Michelle Cash/HOU/ECT on 09/26/2000 10:22
PM ---------------------------

Mark Greenberg@ENRON
09/08/2000 04:41 PM
To: Dolores Lenfest/HR/Corp/Enron@ENRON, Fran L Mayes/HOU/ECT@ECT
cc: Jay Boudreaux/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT
Subject: Daishowa

Dee/Fran -

I just received the attached information which are the labor/pension reports
from Roland Massicotte.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 09/08/2000 04:40 PM -----

	Johanne Berthiaume <berthiaumej@lapros.qc.ca>
	09/08/2000 03:17 PM

		 To: "'mark.greenberg@enron.com'" <mark.greenberg@enron.com>
		 cc: "'blundyp@bennettjones.ca'" <blundyp@bennettjones.ca>,
"'rick.johnson@enron.com'" <rick.johnson@enron.com>, "'fmackin@aol.com'"
<fmackin@aol.com>
		 Subject: Daishowa

 <<ctf001!.DOC>>  <<ctm601!.DOC>>   <<ctk701!.DOC>>
Collective Agreements   Separation Allowances     Outstanding Labour Issues
     to non-unionized employees

See attached documents.

From Roland Massicotte, Lapointe Rosenstein
Tel (514) 925-6326
massicotter@lapros.qc.ca

>  ___________________________________
>  Le pr,sent courrier ,lectronique (courriel) et les documents qui y
> sont  attach,s peuvent contenir de l'information confidentielle; ils
> s'adressent exclusivement au destinataire mentionn, ci-dessus et nulle
> autre personne ne doit en prendre connaissance ni les utiliser ou les
> divulguer.  Si vous recevez le pr,sent courriel par erreur, veuillez en
> aviser l',metteur imm,diatement par courrier ,lectronique et le d,truire
> avec les documents qui y sont attach,s.
>
>  The information contained in this e-mail and all attachments is
> confidential and is for the sole use of its intended recipient. It may not
> be disclosed to or used by anyone other than the addressee. If received in
> error, please contact the sender by return e-mail and delete this e-mail
> and all attachments from your system.
>
>
>
>
 - ctf001!.DOC
 - ctm601!.DOC
 - ctk701!.DOC


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: TUESDAY, JUNE 12TH

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


Daren-
Per your e-mail to re: your changing price for pricing errors, as promised, please see Lee P.'s response below.

Thanks!
Tess
 -----Original Message-----
From: 	Ray, Tess
Sent:	Tuesday, May 08, 2001 11:35 AM
To:	Meyers, Julie
Subject:	RE: Chevron Phillips Chemical Co., LP (HPLC 04/01 Sales/Buyback)
Importance:	High

Julie -
04/01 Price in Sitara for Deal 413462 shows HSC GDP DA for both tiers. Who should I contact to get price corrected to:
10,000/d HSC_FLW+1HIGH GDP DA
11,000/d HSC_FLW+2HIGH GDP DA
(i.e same as pre and post 04/01 prices shown for this deal in Sitara)
Thanks,
Tess

 -----Original Message-----
From: 	Meyers, Julie
Sent:	Tuesday, May 08, 2001 11:01 AM
To:	Ray, Tess
Subject:	Re: Chevron Phillips Chemical Co., LP (HPLC 04/01 Sales/Buyback)

---------------------- Forwarded by Julie Meyers/HOU/ECT on 05/08/2001 10:57 AM ---------------------------
From:	Lee L Papayoti on 05/07/2001 04:54 PM
To:	Julie Meyers/HOU/ECT@ECT
cc:
Subject:	Re: Chevron Phillips Chemical Co., LP (HPLC 04/01 Sales/Buyback)   << OLE Object: StdOleLink >>

SA 413462 is not the buyback, it's the swing ...

the first 10,000/d under SA 413462 should be HSC_FLW+1HIGH GDP D.A.
anything over 10,000/d should be HSC_FLW+2HIGH GDP DA

this is for all months from Oct00 to Sep01

Julie Meyers
05/07/2001 04:43 PM
To:	Lee L Papayoti/HOU/ECT@ECT
cc:
Subject:	Chevron Phillips Chemical Co., LP (HPLC 04/01 Sales/Buyback)

What do you think?

---------------------- Forwarded by Julie Meyers/HOU/ECT on 05/07/2001 04:39 PM ---------------------------
From:	Tess Ray/ENRON@enronXgate on 05/07/2001 02:58 PM
To:	Daren J Farmer/ENRON@enronXgate
cc:	Julie Meyers/HOU/ECT@ECT
Subject:	Chevron Phillips Chemical Co., LP  (HPLC 04/01 Sales/Buyback)

Darren-
Please advise on the 04/01 price for sales deal #SA 413462 on this buyback (Swing deal). The contract shows the price for 04/01 should be the same price as shown for 03/01 & 05/01 (i.e. 04/01 price for deal # SA 413462 should be: 10,000 @ HSC_FLW+1HIGH GDP D.A. & 11,000 @ HSC_FLW+2HIGH GDP DA).

Thanks!
Tess Ray
tess.ray@enron.com
Contract Accountant, Gas Settlements (Sales)
Houston Pipe Line Co.
1201 Louisiana, LA 1524B
Houston, Tx. 77002
Tel: 713-571-3274     Fax: 713-646-8875

<Embedded Picture (Device Independent Bitmap)>


Have received a signed copy of the New Power Holdings, Inc. Officers Certificate this morning and will be sending via fax the signature pages to the documents.

 -----Original Message-----
From: 	Tribolet, Michael
Sent:	Friday, October 19, 2001 7:38 AM
To:	'todd.hermanson@newpower.com'
Cc:	Bradford, William S.; Mellencamp, Lisa; Nettelton, Marcus
Subject:	Exhibit B

Todd:

Could you fax a copy of the Exhibit B to the Second Amendment.  I understand from the lawyers, that they are targeting a close today.

Regards,

Michael


Chris, did we get the DASH completed and approved on Pasotria and LV Cogen?

Rob, I have not heard what the plan of action is with Moore?

Rob, what would be the necessary steps needed to book all or some of the
Bruce deal in Q3?

Regards
Delainey


We have received an executed Termination Agreement, effective as of February
1, 2001, among El Paso Merchant Energy, L.P. ("El Paso") (being successor in
interest to Coastal Merchant Energy, L.P. ("Coastal") (f/n/a Engage Energy
US, L.P.)) and Enron North America Corp. ("ENA").   This agreement provides
for: (a) the termination of the February 12, 1998 ISDA Master Agreement
between ENA and Coastal, (b) the acknowledgement of ENA and El Paso that all
outstanding Coastal-ENA Transactions shall be governed by the December 1,
1999 ISDA Master Agreement between ENA and El Paso, and (c) the
acknowledgement of Enron Corp. (ENA,s parent), and El Paso Energy Corporation
(El Paso,s parent) that their respective Guaranty documents shall cover ENA,s
and El Paso,s obligations with respect to the Coastal-ENA Transactions.

Copies will be distributed.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail:  Susan.Bailey@enron.com


If you did not fill out a self evaluation during the PRC , please do so now ASAP. This was originally listed as optional but now I am told this needs to be done by all. I nee to work on this Friday so please complete ASAP

Wayne


I was so incensed when I wrote this that I accidentally omitted both of your
names.  Sorry.  Under separate cover, I will send the series of e mails that
made me aware of these meetings.

Rebecca
---------------------- Forwarded by Rebecca McDonald/ENRON_DEVELOPMENT on
11/30/2000 03:43 PM ---------------------------

Rebecca McDonald
11/30/2000 01:13 PM
To: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob
Walls/NA/Enron@Enron, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Skilling@ENRON, Kenneth Lay@ENRON

Subject: Meetings with Sharad Pawar

Sanjay,

Through several forwardings of memos it has come to my attention that you had
several meetings this week with Sharad Pawar and reached some agreements.  I
understand that a conference call to generate a strategy regarding our
approach to Mr Pawar was cancelled and no one is able to explain to me what
approach  you took or what the nature is of any agreements or accomodations
that you may have struck in these meetings.  I think it is important that I
and the rest of the task force be involved in the setting of strategy even if
we will call on you to conduct any of the discussions and it is clear that it
is cooperation and coordination is paramount.

Please call or write immediately with a briefing of those meetings and of any
agreements that were agreed to.  In the future, I would appreciate better
coordination and discussions on all matter related to Dabhol and to Metgas.
I am available by phone day or night.

Regards
Rebecca


Sean,
1.  On the signature lines for each document, please provide the role that
each party is signing as.  Also, Wilmington Trust is signing as Manager for
E-Next Generation LLC.

2.  Please obtain from Catherine Clark the extension and transfer documents
on the Blue Dog turbines.  In mid-November, the transaction with LJM was
extended and EECC assigned their option and agency role to ENA.

3.  I'll let the lawyers make their comments and direct you as to
distribution of these documents to both WestLB/counsel and TurboPark parties.

Regards, Lisa

"Bunk, Sean" <seanbunk@akllp.com> on 11/28/2000 01:43:47 PM
To: <lisa.bills@enron.com>, <catherine.clark@enron.com>,
<kay.mann@enron.com>, <sheila.tweed@enron.com>, <roseann.engeldorf@enron.com>
cc: "Taylor, Rob" <robtaylor@akllp.com>

Subject: Transfer of GE Turbines Into Turbo Park

Attached are drafts of assignment documents to effect the transfer of
the GE Turbines into the Turbo Park structure.

Please feel free to call me at (713)220-4427 if you have any questions
or comments.

 <<Purchase Option Assignment and Assumption Agreement (Turbopark -
LM6000).DOC>>  <<Purchase Option Assignment and Assumption Agreement -
Pastoria.DOC>>  <<E-Next Generation LLC Assignment and Assumption
Agreement.DOC>>
 - Purchase Option Assignment and Assumption Agreement (Turbopark -
LM6000).DOC
 - Purchase Option Assignment and Assumption Agreement - Pastoria.DOC
 - E-Next Generation LLC Assignment and Assumption Agreement.DOC


Steve -

As you requested, attached please find the Analyst compensation comparables
we discussed last week:

We are having an extremely tough time recruiting Analysts from Rice because
our main competition on campus comes from consulting companies (Bain,
McKinsey, BCG, EY, Andersen, etc.) and investment banks (Goldman, JP Morgan,
CSFB, Merrill Lynch, etc.).  Even though these companies are not directly in
our industry group, they are our principal competitors for talent at Rice.

As evidenced by our recruiting performance this year and in previous years,
we loose nearly every time when we compete with these companies.    In the
last three years of recruiting at Rice, only 1 or 2 people have accepted our
offer.  The other Analysts who are rice alumni (myself included) joined Enron
through other circumstances.

I think our poor performance at Rice is due primarily to the following
factors:

Compensation:  The Enron compensation package  is below that of our
competitors at Rice.  Additionally, there is more risk associated with our
offer, since Enron's compensation structure relies more heavily on the year
end bonus than some of our competitors.  In the cases where the package is
similar (ie, McKinsey), we loose folks because of other company's name and
prestige.
Rotations:  Most investment banks give their analysts offers to work in
specific groups (M&A, Trading, Etc.).  Our analyst recruits can express a
preference, but their placement is not guaranteed.    This also creates an
added element of risk and uncertainty.

In sum, I think we will continue to be unsuccessful in our recruiting efforts
at Rice if we do not address these issues.

Should you need any further information, please feel free to contact me.

Regards,

Alex Hernandez
ENA - Principal Investments
713-345-4059

---------------------- Forwarded by Alejandro Hernandez/NA/Enron on
12/15/2000 03:31 PM ---------------------------

Alejandro Hernandez
12/15/2000 03:30 PM
To: Charlene Jackson/Corp/Enron@ENRON, Julie Braly/NA/Enron@ENRON, Jana
Giovannini/HOU/ECT@ECT, Shelly Butler/HOU/ECT@ECT
cc: Brian Hoskins/Enron Communications@Enron Communications, David
Hunker/ENRON@enronxgate, Priya Jaisinghani/NA/Enron@Enron, Carrie
Southard/LON/ECT@ECT, Erin A Rice/LON/ECT@ECT, Julie Davidson/HOU/EES@EES

Subject: Analyst Compensation Comparables

Charlene -

As we discussed yesterday, attached please find a comparable compensation
analysis for this year's Analyst offers:

We believe that the low acceptance rate ( 14/112 ) we are experiencing this
year is due to the following reasons:

Enron's base salary is significantly below that of our competitors
The bonus ranges were not mentioned in the offer letters

I hope this information is useful to you as we continue our efforts to
attract quality employees to Enron.

Should you have any questions, please feel free to contact me.

Regards,

Alex Hernandez
Analyst Advisory Board
x54059


This is the price Prebon quoted to Mike tonight - he'll be checking in the
morning to see what the spread should have been.

Thanks,
Kate

Evelyn Metoyer@ENRON
04/10/2001 03:23 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 577823

Mike Driscoll
deal 577823
Prebon shows price as $97.95 ....enpower has $79.95


fyi

Mark Pickering
Chief Technology Officer

Enron Net Works, LLC

  _____

-----Original Message-----
From: Van Pelt, Chris [mailto:CVanPelt@gigaweb.com]
Sent: 20 November 2001 16:11
To: Pickering, Mark
Subject: FW: Giga Proposal and Order Form.

Mark,
Below you will find Julies response to your initial questions.
I am looking forward to getting you and Julie on the phone to discuss the most
recent updates and lay out some of the questions and issues you are/will be facing.
Regards
Chris
-----Original Message-----
From: Giera, Julie
Sent: Tuesday, November 20, 2001 2:22 PM
To: Hurwitz, Bonnie; Van Pelt, Chris
Cc: Nelson, Gregory; Cecere, Marc; Jette, Susan
Subject: RE: Giga Proposal and Order Form.

My rating of Big 5 capability is:

Accenture:  Excellent with actual integration work; especially surrounding applications in the financial arena, manufacturing, consumer products.  Less experience with Oil and Gas; but good skills with newer web applications.  Prefer to take entire portions of the projects themselves, rather than work collaboratively with customers. Expensive.  Weaker on actual M&A strategic work, planning of an integration  or leading an entire effort like this.  Again, prefer to have control, rather inflexible in their approach, very dedicated to procedure and process - which is good to an extent...but tends to spend way too much time with administrative tasks and creating reams of paper and meetings than getting anything done when they are managing an effort like this.   Better choice for actual integration work, but should give them whole applications or departments (like finance, or distribution for example).  Not good with applications that require a lot of interface with other project teams and multiple business units.  Does not play well with others, so carve up chunks of the effort they can do on their own and you will get good results.  Lots of M&A integration experience as a result of their close relationships in the banking industry and consolidation that has been prevalent there over last 15 years.

PWC:  Very strong overall M&A strategy.  Great documentation of business processes for multiple vertical industries which can be very helpful in managing projects like this.  Project Management tools are strong, as is collaboration with other project teams or other business units.  particular strengths in integration work in financial services, manufacturing, telecomm; especially with applications like SAP and supply chain.  Price wise; middle of the pack.  Good choice for either role; but would recommend PWC serve either as project manager OR as integrator; not as both.  Would stretch them too thin with companies your size and complexity, I think.

Deloitte:  My favorite for M&A leadership and integration work.  Solid pricing, great business process documentation through templates they have created.  Very collaborative; works well with others.  Solid project mangement.   Experience with M&A for about 10 years; multiple projects and initiatives.  Good value for the money.  Particular strengths with CRM, Supply chain, ERP (SAP and Peoplesoft).  Vertical industry expertise in oil and gas,manuf, financial services, telecomm industries  Good value for money;but will also work to ensure that knowledge transfer occurs; so that internal IT personnel learn as much as they can.  Very customer friendly.  Good choice for either component; project management of entire merger - due to deep knowledge on process and knowledge data bases; also very strong integration practice.   If I had to choose, I would choose Deloitte to manage the project.

KPMG:  Weakest of all the companies in both project management and integration work.  Has not had a lot of experience with M&A leadership; does not have the strength of documented tools and business processes of the others.  Actual integration work would be ok, especially surrounding SAP, JDEdwards, Manugistics.  Project Management is ok, but there are better choices in the others right now.  KPMG is undergoing tremendous stresses internally right now; their European operation is really a loose federation of companies who are independantly owned.  The European portions are attempting to sell themselves to KPMG competitors; so internal politics detract from the ability of this company to focus on a large integration effort that may span 12 - 24 months.  Pricing is highly variable; depending upon business unit.

Cap Gemini/E&Y.  The old E&Y had an excellent M&A practice that had years of experience with actually constructing deals, managing efforts, and doing integration work.  Cap Gemini has some experience with actual integration of companies, as they have been involved in key mergers in Europe and have done some pretty impressive work with large, complex integration efforts.  Cap Gemini presence still very, very weak in the US; E&Y personnel are still in the majority - however the E&Y personnel in the US are mainly in the management consultancy area, very few of the actual integration programmers remain here; most  of that work is being done by the Cap Gemini side of the house in Europe.  Cap Gemini and E&Y have done an impressive job with their own merger; one of the better run efforts in recent years; so from that perspective they would be an interesting choice.  Tools and methodology for project management are strong, integration work in US has been weakened a bit since the majority of this work has been passed over to Cap, and Cap's strength resides in Europe.  Pricing is mid-range, good value for dollar.  Experience with the major ERP and CRM apps; less experience with supply chain and buying exchanges.  Would be a good choice for project management, and if integration work were to have a major European component, would be a good choice for that portion of a project like this.

Bottom Line:  Best Choices for Project Management in order of preference:  Deloitte Consulting, PWC, CGE&Y, Accenture, KPMG
Best Choices for integration work:  Accenture/Deloitte, PWC, CGE&Y (higher in preference if big European component), KPMG.  Warning with Accenture:  Does not play well with others, and does not collaborate well with clients.  If, however, Enron prefers to have a company completely manage the merger, and does not wish to be involved quite a bit in this effort; then Accenture is a very solid choice.

Best Regards,

Julie

-----Original Message-----
From: Van Pelt, Chris
Sent: Tuesday, November 20, 2001 11:56 AM
To: Giera, Julie
Cc: Nelson, Gregory; Cecere, Marc; Inquiry
Subject: FW: Giga Proposal and Order Form.
Importance: High

Some urgent questions from Mark Pickering.

Also, it sounds as though he would like a physical visit.
I've emailed to clarify that point.
Could your respond to this asap?
-chris

I have attached Mark's Vcard and his contact information below:

Phone: 713-853-7698
Mobile: 712-740-7406

Dear Inquiry Group:  Please log as Inquiry, Julie and I have coordinated already.
thx

-----Original Message-----
From: Pickering, Mark [mailto:Mark.Pickering@Enron.com]
Sent: Tuesday, November 20, 2001 10:43 AM
To: Van Pelt, Chris
Cc: Chisley, Katherine; Costello, Lisa
Subject: RE: Giga Proposal and Order Form.

Chris,

I have 2 questions that I'd like you to put to your M&A groups.

1) How would Giga rank the big consultancy firms in their ability to work as overall co-ordinators for a complete company to company merger such as ours.

2) How would Giga rank the big consultancy firms in their ability to work as IT integrationc onsultants for a company to company merger such as ours.

I need these answers ASAP as we may use your results in our choice of company.

Given what I know now, I would also request that we have your M&A expert visit us early next week, as originally planned. I will also bring along the head of our integration team. Co-ordinate through Katherine.

Regards

Mark Pickering
Chief Technology Officer

Enron Net Works, LLC

  _____

-----Original Message-----
From: Van Pelt, Chris [mailto:CVanPelt@gigaweb.com]
Sent: 19 November 2001 18:38
To: Pickering, Mark
Subject: Giga Proposal and Order Form.

Mark,
It was a pleasure (as always) meeting with you last week and I am looking forward to working with you in the next year.
Attached you will find a revised proposal and subsequent order form for Option 2 as we discussed.

I've set up the call with Julie Giera (Mark Cecere will likely join) for November the 29th at 10:00 a.m.  I believe
you are aware of this and Catherine has put it on your calendar.

I hope that you will have a great Thanksgiving.
Sincerely,
Chris Van Pelt

Technology Advice. Business Results
Giga Information Group
www.gigaweb.com <http://www.gigaweb.com/>
Office: (972) 893-5325
Cell: (214) 914-0653
The information contained in this transmission may contain privileged and confidential information of Giga Information Group, Inc. It is intended for review only by the person(s) named above. Dissemination, distribution or duplication of this communication is strictly prohibited by all recipients. If you are not the intended recipient, please contact the sender by reply email and destroy all copies of the original message. Thank you.


-----Original Message-----
From: 	Sewell, Doug
Sent:	Thursday, January 10, 2002 10:20 AM
To:	Carson, Mike
Subject:	FW: Daily Power Wires to Entergy Koch

Please see attached for the fed reference number is 2586 in the amount 210,872.00

01/10/02    NON-CHECK FINANCIAL DATA FOR REF. #    30201045370
ACCOUNT: 40781075      ENRON CORP-ECT CASH SVC
            AMOUNT      POST DATE  VALUE DATE   CODE      BATCH/TRACK       DUP
        210,872.00       01/10/02    01/10/02    479     650000000571         1
TRANSACTION DESCRIPTION
SAME DAY DR TRANSFER
         GID:LCT20100928100
         FED20020110B1Q8023C002586
         USER REF:TWS000378042
         REF:      TWS000378042
         ORDER:    ENA CASH SERVICES
         CR BK ID: 021000021
         CR BK:    JPMORGAN CHASE BANK FORMERLY CHASE
          MANHATTAN BANK,N.A NEW YORK, NY 10004
         BENEF:    323009980 ENTERGY KOCH TRADING LP
         DETAILS:PREPAY FOR JANUARY POWER
         INSTRUCT DATE:01/10/02 ADVICE TYPE:MAIL

ENTER  (1) YESTERDAY    (2) TODAY        (3) SEARCH       (4) SERIAL
       (5) REFERENCE    (6) HISTORICAL   (7) TRANS FLOAT  (8) BACK VALUE
       (9) LAST VIEWED
>


You might want to talk to your Credit team about the Top Ten List for the
Legal/Credit meeting.  I think we're only at 3 top ten.


We will have to use that one as a back up plan....


Great presentation, as always.  I think you should add a brief set of talking
points:  what are the key messages we want to convey? what, if anything, can
we ask Martens to do that would allow some progress in the short run?

Maureen: please get this to Ricardo (he's at the EBS offsite this am).


Samantha,

In the attached e-mail, Midcoast has requested a few changes to the Enron
Corp. Guaranty.  Could you please provide Clement Abrams with these requested
changes and let me know if they are acceptable.

Thanks,

Jason
Received: from texlog1.texas.rr.com by tfsgateway.andrews-kurth.com; Thu, 02
Nov 2000 17:35:59 -0600
Received: from oemcomputer (cs27106-50.houston.rr.com [24.27.106.50]) by
texlog1.texas.rr.com (8.10.1/8.10.1) with SMTP id eA2LbUl01207 for
<PETEJ@andrews-kurth.com>; Thu, 2 Nov 2000 15:37:30 -0600
Message-ID: <008601c04514$fa0a10c0$326a1b18@houston.rr.com>
From: "Robert J. Rieth" <rjr@houston.rr.com>
To: "JASON PETERS" <PETEJ@andrews-kurth.com>
Subject: ISDA between Midcoast and Enron
Date: Thu, 2 Nov 2000 15:36:35 -0600
MIME-Version: 1.0
Content-Type: multipart/mixed;
boundary="----=_NextPart_000_0082_01C044E2.AEB6FF20"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.50.4133.2400
X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4133.2400

Jason? - Attached is a highlighted re-draft of  the Schedule to the ISDA
Master and Paragraph 13 to the Credit Support Annex for  the Midcoast/Enron
ISDA.
The provisions where we do not agree are indicated  along with my comments
which are embedded in the text.
After you have an opportunity to review these please  give me a call. We're
at the point where we should discuss any remaining  items.
?
Thanks
?
Rob Rieth
?
?
Robert J. Rieth
Attorney at Law
Phone: (713)  984-2023
Fax: (713) 984-8973
e-mail: rjr@houston.rr.com
 - Re-Draft  Nov. 2,00.doc


I have a dream that one day before friday the estate receive a copy of the western fundamentals...I have a dream...)an you help me?

Keep smiling!  We're almost done
--------------------------
Jeff Golden


David,

Please, stop by to chat about it for a few minutes.

Vince

David P Dupre
06/15/2000 11:57 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: interest

May we meet to discuss my interest in joining your group?
I have a strong quantitative discipline and am highly numerate.

Thanks
David 3-3528
---------------------- Forwarded by David P Dupre/HOU/ECT on 06/15/2000 11:53
AM ---------------------------
To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: interest

Vince Kaminski


Heather,

Doesn't look like this will apply to you.  The person we need to include in
our discussion is out of town.

Talk to you soon,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 10/13/2000 11:32
AM ---------------------------

Gregg Penman
10/13/2000 09:09 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Conference Call - eNovate Legal Templates Masters, LC and
Guarantees

I don't think we need Heather for this conversation.  The goal is to finish
the necessary templates, namely ISDA and guarantees, and determine a process
for negotiating with third parties going forward.  What do you think?

Gregg

	From:  Kay Mann                           10/12/2000 05:23 PM

To: Gregg Penman/Corp/Enron@Enron
cc:
Subject: Conference Call - eNovate Legal Templates Masters, LC and Guarantees

Is this something I should have Heather Brown participate in?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/12/2000 05:22
PM ---------------------------

Dorothy Youngblood@ECT
10/12/2000 05:21 PM
To: Molly Harris/HOU/ECT@ECT, Gregg.Penman@enron.com, Jeffrey T
Hodge/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc: Suzanne Adams/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT,
Lynn.pikofsky@enron.com

Subject: Conference Call - eNovate Legal Templates Masters, LC and Guarantees

This memo will confirm the above referenced Conference Call has been arranged
for the date/time listed below:

 DATE:   Monday, 10/16/2000

 TIME:   2:00  P.M.- 3:00 P.M.

 DIAL-IN NUMBER: 1-888-422-7109

 HOST CODE:  409-555

 PARTICIPANTS
  CODE:  381-755

Please let us know if there are any questions.

Thanks you.

Dorothy

713-853-6114

Participants:

  Molly Harris - Host of Conference Call
  Gregg Penman
  Jeff Hodge
  Sara Shackelton
  Kay Mann


none

 -----Original Message-----
From: 	Webb, Elizabeth
Sent:	Wednesday, November 21, 2001 9:49 AM
To:	Lamadrid, Victor; Kinsey, Lisa; Sullivan, Patti; Olinger, Kimberly S.; Calcagno, Suzanne; Jaquet, Tammy; Greif, Donna; Smith, George F.; Farmer, Daren J.; Williams, Jason (Trading); Driscoll-Ernest, Marde L.; Muzzy, Charles T.; Dinari, Sabra L.
Cc:	Showers, Digna; Jackson, Brandee; Saldana, Alex; Superty, Robert; Choate, Heather
Subject:	Staffing - Week of 11/26/01

Hi All,

Do you have any staffing additions and/or changes for the week of 11/26/01?

Thanks and have a nice holiday!

Elizabeth

Elizabeth Webb
elizabeth.webb@enron.com
713-345-1694


Debra:

Could you please attend this?

Thanks,

Jeff

 -----Original Appointment-----
From: 	Johnson, Cheryl
Sent:	Thursday, October 04, 2001 10:29 AM
To:	Johnson, Cheryl; Hare, Bill D.; Lebeau, Maria; Rodriguez, Bernice; Kyser, Ruby; Brackett, Debbie R.; O'day, Karen; Lebrocq, Wendi; Denton, Rhonda L.; Hernandez, Elizabeth L.; Gupta, Sanjeev; Cheung, Cecilia; Nguyen, Margie; Lim, Francis S.; Husain, Karima; Jones, Tana; Hodge, Jeffrey T.; Nemec, Gerald; Dickson, Stacy E.; Richardson, Stacey
Subject:	Updated: Timing of Suspensions/Understanding each other's processes-Cont.
When:	Monday, October 08, 2001 1:00 PM-2:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	49C4

If anyone else in your area may want to attend, please forward.  Thanks.


With Rick, Mark, Lou, and possibly Hillings


-----Original Message-----
From: 	Jones, Monte
Sent:	Tuesday, October 16, 2001 6:33 AM
To:	Allen, Phillip K.; Ermis, Frank; Gay, Randall L.; Grigsby, Mike; Heu, Mog; Holst, Keith; Kuykendall, Tori; Lenhart, Matthew; Reitmeyer, Jay; Smith, Matt; Wolfe, Jason
Cc:	Bike, Anne
Subject:	Wood Report Oct. 01 thru Oct. 15


<meta http-equiv="Content-Type" content="text/html; charset=windows-1252">
<meta http-equiv="Content-Language" content="en-us">
<title>Stockscape Review</title>

        Volume 1, Issue 8 |
          October 23, 2001

          Dear Stockscape Review
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To unsubscribe, click Here


Vince,

Thanks for forwarding the resume.  We have generally had great success with
ex-Koch people.
He sounds might like he may be a good fit for Michael L. Miller in principal
investments.  At this point
I have very recently inherited two other stron VPs from EI and therefore will
probably focus on a few
Manager and Associates for the near term but I would like to keep James'
resume for further opportunities.
He sounds like someone we should at least meet with and figure out a spot
within Wholesale Services.
What do you think?

Regards,

-Larry-


Brent and Sara:
Here is where we ended up yesterday after discussing the LC situation with Debbie:

1.	Debbie and her group will initially review each LC that has been posted to Enron to determine if it is "transaction specific" or if it covers all trades with the counterparty.  If it is transaction specific and the counterparty has performed, then no further action is required.  If the counterparty has not performed then Debbie will work with us to see if a draw can be made.

2.	If the LC covers all trades, Debbie will send copies of the LC and the transactions docs to me and we will determine what rights, if any, we have to draw.  Each month, we will focus on those LC's that are due to expire that month.

Call me if you have any questions.  We will distribute the work to the trading lawyers as the need arises.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com


Attached is the current web page for South Texas College of Law's Docket
Call - Monthly Video CLE courses.  The link is provided below if your
mail client is unable to display the page properly.

http://www.stcl.edu/cle/docket2000dec.html

SOUTH TEXAS

COLLEGE OF LAW

C L E

	CLE DOCKET CALL
	VIDEO CONFERENCE

CONTINUING LEGAL EDUCATION
testtesttesttesttesttesttest

	December, 2000

	Videos of previous CLE conferences are shown at the end of each month at
South Texas College of Law.
	All video courses are accredited by the State Bar of Texas MCLE Department
for CLE participatory credit.
	You may register to attend by the hour or per session.

	(713) 646-1757 or (800) 646-1253

	Docket Call Home PageSPACERRegistration Form

	WILLS & PROBATE INSTITUTE
	Wednesday, December 13, 2000
	5:30 p.m. - 7:30p.m.
	(2 MCLE hours)

	How to Get Documents from Financial Institutions:
	Where to Find the Statutory Requirements, How to Use Them, Helpful Tips and
Forms

	Leslie Kiefer Amann, Bank of America Private Bank - Houston

	From the Bench:
	Practice, Procedure and Jurisdiction with Local Rules and Court Handouts

	Dianne Whitehorn Lawter, Lawter & Lawter, L.L.P. - Houston
	Hon. Mike Wood, Harris County Probate Court Number 2 - Houston
	Hon. Nikki Towry DeShazo, Dallas County Probate Court - Dallas
	Hon. Sandee Bryan Marion, Bexar County Probate Court Number 2 - San Antonio

	Case Law Update

	Professor Gerry W. Beyer, St. Mary's University School of Law - San Antonio

	(Return to top)

	WILLS & PROBATE INSTITUTE
	Thursday, December 14, 2000
	5:30 p.m. - 7:30 p.m.
	(2 MCLE hours)

	Statutory Forms Update:
	An Overview of State Statutory Forms Revised by the 1999 Texas Legislature
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	Bernard E. Jones, Davis, Rideout, Jones & Gerstner, L.L.P. - Houston

	Current Issues in Guardianship Administration and Litigation

	Sarah Patel Pacheco, Crain, Caton & James, P.C. - Houston

	Litigating the Will Contest

	Julie M. Dallison, Horrigan & Goehrs, L.L.P. - Houston

	(Return to top)

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	Saturday, December 16, 2000
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	Litigation Concerns for Estate Planners, including Ethical Issues Related to
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	Dianne Whitehorn Lawter, Lawter & Lawter, L.L.P. - Houston

	Fiduciary Compensation Issues, with a Survey of the Four Harris County
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	Georgia H. Akers, Staff Attorney/Court Coordinator, Harris County Probate
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	Saving the Family Relationship:
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	The entire set of course materials
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	(Return to top)

Home[IMAGE]Library[IMAGE]Search


Alfredo, I would be glad to visit with you tomorrow (Friday) anytime after
	1:00 p.m.  You can call me at X37637 or if you get my phone mail
	you can call Ava Garcia at X35842 and she will find me for you.
	Thanks. Lynn

-----Original Message-----
From: Cantrell, Rebecca W.
Sent: Thursday, August 30, 2001 2:01 PM
To: Huertas, Alfredo; Blair, Lynn
Subject: RE: Open Access in the USA - A visit

Alfredo, I am pretty open for the rest of today and tomorrow as well.  I am at EB4741c (on the southeast side of the floor overlooking the new building).  Just come by if you are up here.  You could call me at X.35840 to confirm that I am at my desk.  (I have to say that Lynn and her group provided most of the substantive information.)

 -----Original Message-----
From: 	Huertas, Alfredo
Sent:	Thursday, August 30, 2001 12:01 PM
To:	Cantrell, Rebecca W.; Blair, Lynn
Subject:	FW: Open Access in the USA - A visit

Rebecca/Lynn

Thanks for your time spent with Mauro. I am today and tomorrow in Houston, and I would like to have a chance to see you and briefly discuss the issues you touched with him. Mauro is sending me a memo with the topics by end of today.

tx,

a.
-----Original Message-----
From: Mauro Formaggio [mailto:MFORMAGGIO@autorita.energia.it]
Sent: jueves, 30 de agosto de 2001 3:19
To: Huertas, Alfredo; Keenan, Amber; Greco, Fabio
Cc: Claudio Di Macco
Subject: Open Access in the USA - A visit

Dear Amber, Alfredo and Fabio,
many thanks for the opportunity of visiting Enron in Houston.
Your colleagues provided me with a great lot of information and advice.
Rebecca Cantrell and Lynn Blair were very kind and helpful, in sparing their time with me and in organizing other meetings with colleagues.
They are very fine and I appreciate.
Maybe we would discuss, should the occasion come, some of the aspects of open access in the USA and their appropriateness for the italian case.
Best Regards
Mauro Formaggio


Mirant has nine gens/mkters signed on to doing a MW cost-benefit study.  They have estimated a total cost of the study to be $75,000 - 100,000 and will use the same consulting firm, EEA, that was used for the NE study. Each of the companies would pay maximum $7500-10,000.

Mirant made its presentation last week at FERC and I attended.  Overall, I thought the study would be useful to FERC in supporting their decision for one NE (and also one MW) study.  The presentation at FERC was headed up by a regulatory person at Mirant rather than the consultant and of course there were some skeptics in the public forum.  Some of the questions raised may have been better answered by the consultants or by someone with more NE trading experience.  However, upon review of the EEA affidavit for the "One RTO Coalition", I think this study would be a benefit to FERC on the MW decisions to be made.

If you agree that supporting this proposed study is a good idea, let me know and I will submit an RCR and follow up with Mirant.

-----Original Message-----
From: Mayhew, Jim [mailto:jim.mayhew@mirant.com]
Sent: Monday, October 08, 2001 9:25 AM
To: 'Mario.Bohorquez@aesmail.com'; 'Mario.Bohorquez@aesmail.com';
'David.Taylor@Constellation.com'; 'jstanton@calpine.com';
'mfgildea@duke-energy.com'; 'jason.w.cox@dynegy.com';
'rfahey@edisonmission.com'; Stroup, Kerry; Mayhew, Jim;
'joe.isabella@nrgenergy.com'; 'Richard.Seide@pseg.com';
'jay.dibble@reliant.com'; 'lebarrett@duke-energy.com'; Roan, Michael;
'harry.singh@neg.pge.com'; 'richard.doying@neg.pge.com';
'Harvey.Reed@constellation.com'; 'lisa.decker@constellation.com';
'Dennis.Sobieski@pseg.com'; 'Kenneth.Carretta@pseg.com'; Felton, Susann
D.; 'paul.savage@nrgenergy.com'; Cross, S. Lorraine; Bolton, Debra;
'jhextell@newenergy.com'; 'cbarron@newenergy.com';
'robert.hirasuna@leonard.com'; 'elaine_walsh@dc.kirkland.com';
'eperrigo@epsa.org'; 'Pauline.Foley@pseg.com'; 'tkaslow@calpine.com';
'greg.towstego@opg.com'; 'jack.hawks@neg.pge.com'; Fulton, Donna
Subject: Mirant Proposed Study of the Midwest--Companies interested in
sponsoring the study.

As I had mentioned to the Coalition last week,  Mirant is proceeding with
preparing a study evaluating the RTO and Market inefficiencies in the
Midwest. This study is a followon to the study that was sponsored by Mirant
for the Northeast.

I have received indications from the following Companies that they have an
interest in sponsoring the study with Mirant.

Mirant;   AES; Constellation;  DENA; Edison Mission; Calpine; Reliant; NRG
Energy, PSEG; NEG/PGE;

For those companies that I have not listed,  please let me know if your
company has an interest in the study sponsorship.   We are now attempting to
schedule a meeting in Washington next week to review proposed scope,
sponsorship, utilization and other issues related to the study.

Jim Mayhew
Mirant Americas
jim.mayhew@mirant.com
678 579 3421  office
678 427 7122 cell
 <<Mayhew, Jim.vcf>>


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/16/2000
12:24 PM ---------------------------

"Jan Svajian" <Jan.Svajian@dvn.com> on 06/16/2000 10:34:43 AM
To: <Ami.Chokshi@enron.com>
cc:

Subject: Nom Change at the Garza/Trevino Plant on Tejas

See attached.

 - Enron Nom Change.xls


The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/24/2001>, published as of 10/24/2001 is now available for viewing on the website.


Attached is the EWS Tax Group's assessment of California Assembly Bill No.
128.  I look forward to speaking with you later this afternoon.  Best
regards.  Steve.


I'm waitlisted on the Continental flight so we may be traveling separately.
I do, however, have a room reservation at the Sheraton Towers.  Kaye can help
you.  I'm out of town tomorrow so let's regoup on Tuesday.  SS


Kimberley,

Where are the services -  date and time and location.

	Enron North America Corp.

	From:  Kimberly Brown                           08/28/2000 08:59 AM

To: Scott Neal/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Sandra F
Brawner/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Scott
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Andrea
Ring/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Kate
Fraser/HOU/ECT@ECT, Tammi DePaolis/Corp/Enron@ENRON, Maureen
Smith/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc:
Subject: Randy Gay's Wife

Just in case you did not know, Randy's wife died last week. They will be
having services today and tomorrow.  However, in lieu of flowers they would
like donations for a playground in their neighborhood.  If you want to give a
donation, please bring it by my desk.

Thanks
Kimberly


Seab/Sabine,

Sorry for the delay in getting back to you on this important issue.  The
three rule changes or designs in other markets you describe look very good
and are right on point.  I would like to add two more to your list, namely:

1) Price caps in California

Attached is a one page memo from my colleague in California, Jeff Dasovich.
Consistent with Jeff's first two points, Steve Kean has told me that in
addition to chasing existing power supplies out of the state, price caps, and
the uncertainty surrounding them, chase new generation away.  The turbine
market is a worldwide market.  Firms will have difficulty committing their
own capital (and borrowing from others) if they propose to put facilities in
jurisdisctions where rates are capped or pricing is based on something other
than the operation of the market.  Several generators, including Dynegy and
Calpine, have said they will look for other homes for the turbines they have
ordered.  I have a Nov 10, 2000 Megawatt Daily article that quotes Enron and
Calpine as saying that price caps in California drove both companies to
withdraw proposed plants.

I recognize there is presently no price cap proposal in Alberta but I think
we can draw the connection between interference through caps and interference
through other forms of administrative intervention that are being considered
in Alberta such as: 1) price discrimination on imports, or 2) the latest
proposal I heard today from the Power Pool which is capping import offers
into the Power Pool at Mid-C prices plus tranmission costs.

2) FERC Staff Report on Midwest that apparently states on pages 2-15 that
some market participants believe that developers sited new generation in the
Midwest because there were no price caps (see attached FERC Report).

As we discussed, I will be using this information in upcoming meetings (this
Friday is the next one) with the Power Pool and the Alberta Gov't in support
of Enron's arguments that policy makers in Alberta must "stay the course"
through the higher priced periods, failing which they will make things much
worse.

In view of the fact it is U.S. Thanksgiving could you please give me a sense
of Sabine's timing on this.

Regards,

Rob

"Seabron Adamson" <seabron.adamson@frontier-economics.com> on 11/20/2000
10:39:39 AM
To: <Robert.Hemstock@enron.com>
cc: "Sabine Schnittger" <sabine.schnittger@frontier-economics.com>, "Kevin.
Wellenius" <kevin.wellenius@frontier-economics.com>
Subject: Outline memo for paper on rules changes in other markets

Rob:

Please see attached. Can we discuss later today?

Seab

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

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

 - 00-11-20 SA Memo on paper with rule change example paper outline.doc


FYI

Profile: Power Play, Who's to Blame for the Energy Crisis?; Lowell Bergman, "Frontline" correspondent, Laura Holson and Joseph Kahn, The New York Times, discuss the energy crisis

06/04/2001

ABC News: Nightline

(c) Copyright 2001, American Broadcasting Companies, Inc. All Rights Reserved.

Announcer: June 4th, 2001. CHRIS BURY host:

Rolling power blackouts, bankrupt utilities, skyrocketing electricity prices.

Unidentified Man #1: It is the most volatile commodity in the world.

BURY: Are power generators gouging consumers?

Unidentified Woman #1: I think it's pretty appalling that the folks who sell us power can charge whatever they want.

Mr. KENNETH L. LAY (Chairman, Enron): And every time there's a shortage or a little bit of a price spike, it is always collusion or conspiracy or something. I mean, it always makes people feel better that way.

BURY: And right in the middle, a federal agency you've probably never heard of.

Mr. CURTIS HEBERT (Chairman, Federal Energy Regulatory Commission): They didn't build this monopolistic system overnight, and we won't change it overnight either.

BURY: Tonight, Power Play, Who's to Blame for the Energy Crisis?

Announcer: From ABC News, this is NIGHTLINE. Substituting for Ted Koppel and reporting from Washington, Chris Bury.

BURY: California is known as the great American incubator. From hem lines to Hula-Hoops, the Golden State gives birth to trends that often spread east. That is why so many states are paying close attention to California's troubled attempt at deregulating electricity. Last week, California Governor Gray Davis asked President Bush for help in the form of a price cap on power companies. The president said no. Now Governor Davis is threatening to sue the federal agency that regulates electricity prices. More on that later.

But first, the results of a new ABC News/Washington Post poll. It suggests that President Bush is developing an energy problem. When asked what they think of the president's performance on energy, a clear majority, 58 percent, say they disapprove. That's up 15 percent since Mr. Bush released his energy plan. When asked if they think the United States is heading into an energy crisis, six in 10 Americans answer yes.

TEXT:

ABC News POLL The Washington Post

Margin of Error +-3.0%

How do you rate the president's performance on energy?

June 3 May 13

Disapprove 58% 43%

Do you think the US is heading into an energy crisis?

Yes 61% No 36%

BURY: California is already there. For months now, The New York Times and the public broadcasting program "Frontline" have teamed up to investigate. Their collaboration, "Blackout," airs tomorrow night on many PBS stations. It documents a colossal mismatch in the brand new game of buying and selling power on the open market. It's like the New York Yankees against the Toledo Mud Hens.

Unidentified Woman #2: We didn't use his five because their minimum was, you know, higher than what we were willing to pay.

Unidentified Man #2: I'll sell you 108 now.

BURY: (VO) On one side, companies such as Enron, the Texas energy broker, trade electricity like any other commodity. A sophisticated trading operation buys and sells billions of dollars worth of energy every day. It's the largest company of its kind in the world.

Unidentified Man #3: See what I'm saying?

KELLY: CRS. This is Kelly.

BURY: (VO) On the other side, in this converted department store in Sacramento, is California's trading team.

Unidentified Man #4: This is the operations center. This is the--this is the location where we make energy purchases and fill the state of California energy requirements.

BURY: (VO) Here, employees drafted from the state's water department go head-to-head with the pros from Enron and other companies. Since 1999, the cost to California has skyrocketed from $7 billion to an estimated $60 billion this year, an increase of 750 percent. And the demand for electricity, up less than 5 percent.

(OC) In their documentary, reporters for The New York Times and "Frontline" address a fundamental question, who's to blame? Narrating this segment is "Frontline" correspondent Lowell Bergman.

Unidentified Man #5: Our forecast reserves look like they'd be pretty thin over the peak as well.

Unidentified Man #6: How much is...

LOWELL BERGMAN reporting:

(VO) The power industry blames the high prices on shortages brought on by California's failure to build any major power plants over the last decade, despite a booming economy.

Mr. LAY: I mean, we have a supply/demand imbalance. Too much demand, too little supply in California.

BERGMAN: (VO) Not everyone agrees. Consumer advocates in California accuse the generators of actually withholding supply.

Ms. NETTIE HOGE (Executive Director, TURN): The idea that all of a sudden we had a supply crunch is preposterous. What happened is, all of a sudden, the new plant owners and the traders, like Mr. Lay's organization, looked at the data and figured out how to manipulate the market. As soon as that happened, the prices never went down again. If it was totally a supply problem, why would we have excess prices at 5:00 in the morning on Christmas Day when nobody but Santa is working?

BERGMAN: (VO) The generators, in turn, say they shut down plants for routine winter maintenance.

Mr. LAY: Every time there's a shortage or a little bit of a price spike, it's always collusion or conspiracy or something. I mean, it always makes people feel better that way.

BERGMAN: But you know as well as I do that the price--it's nice for a business.

Mr. LAY: Yeah.

BERGMAN: You're in the business of--of making money for your shareholders.

Mr. LAY: Mm-hmm.

BERGMAN: Right, as a company?

Mr. LAY: Yeah.

BERGMAN: So you would be foolish, as you said, to turn down the kind of money you could make this past winter in California. Is--isn't there a...

Mr. LAY: I--I--I think you put words in my mouth out there.

BERGMAN: OK.

Mr. LAY: I said we--we made some money in California. We made some money across the country and around the world. I mean, and as I tell my friends in California, Enron was doing quite well before California imploded.

Unidentified Man #7: So you can't blame the Enrons. I mean, they're the guys--that's--that's what they do. They try to make as much money from the money that they get invested. You blame the regulators.

BERGMAN: (VO) Across the country, tucked in an out of the way building behind Union Station in Washington, DC, sits the Federal Energy Regulatory Commission or FERC. FERC's commissioners are appointed by the president and control a $250 billion energy sector critical to America's economy. With the coming of deregulation, state control over wholesale electricity rates passed to the federal government, making FERC the final arbiter of just and reasonable rates. It's a power FERC has been reluctant to use.

Curt Hebert is a protege of Senator Trent Lott, who convinced President Clinton to appoint Hebert to the FERC in 1997. In January, President Bush made him the FERC chairman, and Hebert has made no bones about where he stands on free markets.

Mr. HEBERT: The rules of competition govern that economies work, that choice works. It's why we're American. We inherently like choice. It's why we left the mother country. We didn't like the rules they were setting. We wanted to make our own rules. We want our own choices and we believe that works.

BERGMAN: OK, but is electricity different?

Mr. HEBERT: It's a transition . It takes some time. Look, they didn't build this monopolistic system overnight, and we won't change it overnight either.

Mr. WILLIAM MASSEY (FERC Commissioner): Without some effective price control this summer, I fear for the worst.

BERGMAN: (VO) William Massey is a FERC commissioner, a Democrat, who has found himself in opposition to his chairman.

Unidentified Man #8: Mr. Massey, what is the nub of the disagreement that you have with Mr. Hebert?

Mr. MASSEY: I think what it boils down to is a philosophical disagreement about the role of my agency in ensuring just and reasonable prices.

I think it's long past time for this agency to step in and--and impose a temporary time out on the markets.

Mr. HEBERT: Well, that is the problem because these people are saying temporary, but they don't mean temporary. It's kind of like the temporary rent control you have in New York. It's not temporary at all. Matter of fact, you know, in Washington, DC, we don't do temporary very well, and that's a problem.

BERGMAN: (VO) In fact, late last year, after six months of unrelenting high prices in California, the FERC finally did declare California's rates unjust and unreasonable, but took no action.

Governor GRAY DAVIS (Governor, California): So they found these people guilty a year ago. They just haven't agreed on the sentence.

BERGMAN: Well, we talked with Curt Hebert. And we got...

Gov. DAVIS: Well that's, you know.

BERGMAN: That's what?

Gov. DAVIS: Lots of luck.

BERGMAN: What do you mean, "Lot's of luck"?

Gov. DAVIS: Because...

BERGMAN: He's the federal--he's the guy you are turning to to give you the money.

Gov. DAVIS: He is the chairman of the commission. But he has not been overly sympathetic to California. He's more of an ideologue than a problem solver.

BERGMAN: Well, he's saying you just want him to give you short-term relief, price caps, which won't solve the problem.

Gov. DAVIS: Problems meaning fattening the balance sheet of already enormously wealthy energy companies.

BURY: How much blame do the energy companies really deserve?

BERGMAN: Watch your--your heating bills, your natural gas bills, which are, to a certain extent, reflected in your electricity bill. And don't think that this couldn't happen where you are.

BURY: And how much of this energy crisis did California bring upon itself? Those questions when we come back.

Announcer: This is ABC News: NIGHTLINE, brought to you by...

(Commercial break)

BURY: Joining us from Boston, Lowell Bergman, the correspondent for tomorrow's "Frontline" broadcast. From our Los Angeles bureau, Laura Holson, a business correspondent for The New York Times, who's been covering the California energy crisis. And here in Washington, Joe Kahn, who reports on energy and economics for The New York Times.

Laura, just before the break, we heard California Governor Davis blaming the energy companies and the federal regulators. How much of his argument is sinking in. In other words, whom do Californians blame for this?

Ms. LAURA HOLSON (The New York Times): The interesting thing is Californians blame everybody for this ap--for what has happened with the energy crisis. They blame the governor for not responding quickly enough to a crisis that started, you know, a year ago, if you really, you know, look at when prices starting going up. They are angry at their utilities who they feel have failed them. They have often had very close kind of paternal relationships with their utilities and they feel that they've been cheated. And they are very angry with the power generators, in particular, who they feel are charging them just exorbitant amounts for energy.

In particular, there was a company last week, a power generator that said it charged consumers, rather the utilities, 4,000, nearly $4,000 per megawatt hour, which is enough to light a thousand homes for one hour. And when they heard this, they were outraged. They just thought, you know, `How can this be? How can we get,' in their terms, kind of ripped off by power generators who are using them to make, you know, a lot of money.

BURY: Joe Kahn we heard those poll numbers from this survey out tonight suggesting that President Bush has a bit of a public relations problem on energy. How is that going to affect the politics here in Washington?

Mr. JOSEPH KAHN (The New York Times): Well, clearly the--President Bush and the White House are calculating that by the time people have to go to the polls to select a new president, a slew of new power plants will be online in California. Electricity prices, presumably, will come down quite a bit and their free market stance on this will not ultimately cost him at the polls. It's not as clear that Republicans in the Congress have the same commitment. This has already been a very turbulent time in Washington with the Democrats now in control of the Senate. I think you can expect to see a legislative initiative by the Democrats to introduce some kind of price caps in California. Some Republicans may sign on to that. Some have already indicated that they will. It's going to be a real knockdown political flight--fight in Washington over what the strategy ought to be.

BURY: Lowell Bergman, talk a little bit about that free market activity that Joe just mentioned. We saw the clip from your documentary with the--the traders from Enron pitted against the--the buyers from California. And I must say, it really did look like a mismatch.

BERGMAN: Well, in fact, some of the people at Enron told us that they welcome the day when PG&E and Southern California Edison, the regular utilities get back in the marketplace because they do feel like they've got them, if you will, outgunned. And--but I should point out to the audience, that when Laura was talking about this $3800 a megawatt hour, which was Duke Energy Company, the normal price, if you will, the standard price for a megawatt hour was around 40 or less. So the level of profit that we're talking about is what people are upset about. And the problem here is--is primarily that in a free market and the way that the marketplace in California is set up in particular, there's no limit to what could be--could be charged when you get close to that area of scarcity with electricity. Electricity truly is different and as Jeff Skillings says in our documentary, he's the CEO of Enron, it is the most volatile commodity in the world.

BURY: Yet, at the same time, Joe, we are seeing electricity traded as if it were oil or soybeans or steel. I mean, how is electricity different?

Mr. KAHN: Well, for economic reasons, it's different in a--in a couple of key respects. For one thing, it's an absolutely vital commodity. People aren't prepared to do without it. Moreover, electricity powers every other part of the economy. So, it's one of these sort of fundamental rights that we have. In fact, as far back as the New Deal, Franklin Roosevelt made clear that electricity was so important that it would be subject to federal legislation guaranteeing everybody in this country just and reasonable electricity prices.

BURY: But just and reasonable electricity prices, Laura, do you want to pick up the question of well, who determines what's just and reasonable here?

Ms. HOLSON: Well, it's very clear that President Bush believes that the market, you know, sets what's just and reasonable. And, you know, that has not been what Governor Davis has said at all. He believes that because this is a commodity that people, you know, believe is guaranteed that there should be some price cap on it. It's an interesting, if you will, situation when business and politics kind of intersect. Governor Davis said very early on that he did not want two things to happen in California. One is that the utilities would go bankrupt and the second was that rates would be raised for consumers. And he's in a very tight spot right now because those two things that he did not want to happen indeed have happened. And it only looks like it will get worse this summer when experts have said Californians can expect another 260 hours of blackouts.

BURY: Laura, we have to take a break. But when we come back, we want to address the question of whether power companies are doing what just comes naturally to them. Back with our guests in a moment.

(Commercial break)

BURY: We're back with "Frontline"'s Lowell Bergman and Laura Holson and Joe Kahn of The New York Times.

Joe, aren't these power companies doing exactly what they are supposed to be doing, which is maxi--maximizing profits and to get the biggest return for their shareholders?

Mr. KAHN: Sure. That's their responsibility. They--they have no excuse for arbitrarily lowering the price that they could charge for electricity if the market will bear a higher price.

BURY: Lowell Bergman, in your documentary, do you find any evidence that the power companies are--are gouging consumers or doing anything illegal?

BERGMAN: Well, illegality, no one really has any serious evidence, although there have been lots of allegations and there's been lots of speculation about it. But we should also point out in the documentary and in The Times that some of the companies are starting to realize, it seems, that even though they are owed hundreds of millions, in some cases $500 million or more still by these bankrupt utilities, they're going to have to take a hair cut as Governor Davis describes it. They're going to have to make some bargain. And I think we may...

BURY: Let me jump in there. What do you mean they're going to have to get a hair cut?

BERGMAN: Well, apparently, that's Governor Davis's way of telling them that they're going to have to take less to a--less than a full dollar payment for what they are owed, and that there has to be some kind of settlement here of between the various parties, other we're not--otherwise we won't see any progress.

BURY: Lowell, one of the old cliches in investigative reporting is follow the money. And much has been made of this argument that the Bush administration, accusations have been made, that the Bush administration is too cozy with the power companies and the power company regulators. What did you find in your reporting?

BERGMAN: Well, we found that Vice President Cheney was very up front about it, I mean, about his relationship with Ken Lay, the head of Enron, the fact that he built a stadium for Enron when he was head of Halliburton. You know, the vice president is the first CEO of a Fortune 500 company to hold presidential office in the history of the United States. So--but they are very open and up front and balance this relationship with their friends and with the people who they feel comfortable with.

BURY: Laura Holson, this idea that so many Texas companies are profiting from California's misery, as it were, I suppose Californians find that particularly infuriating.

Ms. HOLSON: It's funny, in the San Francisco Bay area when I was growing up near there, there was this great rivalry between the San Francisco 49ers, which is, as we all know, a football team and the Dallas Cowboys. And that seems to be replaced, if you will, with consumers in California who look at Texas gen--at, you know, a lot of the power generators, which are based in Texas, and who they feel now are just, you know, making a lot of money off them. It's--there's always been a rivalry between those two states. And now I think it's deeply personal because it's hitting consumers, or as they believe it, it's hitting them in their pocket books.

BURY: Joe Kahn, how long before these new power plants are going to be coming on line? And before they do, or in the time before they do, what--what is it that the federal government can do to help California out?

Mr. KAHN: Well, it--it will probably be about 18 months before sufficient new power comes online in California to start substantially changing the supply and demand equation there. And that's a very speedy pace. That's with a very expedited permit process for new plants. The governor in California has put a lot of effort into building new plats--plants quickly.

BURY: So what happens between now and then?

Mr. KAHN: Well, that's the question. That's the debate. The Federal Energy Regulatory Commission has the power under the Federal Power Act, in fact some people argue it has the obligation under the Federal Power Act to ensure that just and reasonable electricity rates prevail in California at all times. It can't just selectively choose the times. And it has already found at the end of last year that rates in California are unjust and unreasonable.

BURY: So what's it doing about that?

Mr. KAHN: Well, it's--it's tried a variety of compromise measures so far, very limited price controls on certain kinds of electricity sales during emergency hours. So far that appears to be an insignificant contribution to reducing the overall electricity bill in California.

BURY: Laura, Governor Davis is demanding wholesale price controls. President Bush has made it pretty clear that he's not going to lean that way. What options does Governor Davis have?

Ms. HOLSON: You know, it's--again he's stuck in this place where it--it doesn't look like he's got any kind of real out. I mean, he can try to demand. He can demand as much as he wants from the power generators, but if the federal government doesn't step in, he really can't do anything. The interesting thing, at least I see kind of going forward, is how Californians have really adapted to a really, you know, awful situation. There's a law that's being proposed right now in California in which businesses will know months in advance whether their neighborhood is going to be impacted by a blackout so they can plan. I mean, we've almost turned into--if anybody remembers traveling through Italy during their college days, you always kind of knew when the airlines or the trains were going to go on strike because they told you a day ahead of time. And that's very much what's happening in California where they're warning people, you know, two days, an hour, you know, one day ahead of time so that they can prepare.

BURY: That's a pretty dark scenario. Lowell, we just have a few seconds left, what lessons should the rest of the country take from California's crisis?

BERGMAN: Well, watch your--your heating bills, your natural gas bills, which are to a certain extent reflected in your electricity bills. And don't think that this couldn't happen where you are. And I think that the industry itself is beginning to understand that the crisis in California may, in fact, impact on the future of deregulation nationally.

BURY: Lowell Bergman, Laura Holson, Joe Kahn, thank you so much for joining us tonight.

BERGMAN: Thank you.

Mr. KAHN: Thank you.

Ms. HOLSON: Thank you.

BURY: When we come back, an update on a NIGHTLINE broadcast from just over a month ago.

Announcer: To receive a daily e-mail about each evening's NIGHTLINE and a preview of special broadcasts, logon to the NIGHTLINE page at abcNEWS.com.

(Commercial break)

BURY: In May, we profiled the case of death row inmate Johnny Paul Penry, convicted of murdering the sister of a former pro football player. Today, the Supreme Court overturned Penry's death sentence. It ruled, six to three, that the jury did not have clear instructions on how to weigh his mental retardation when it sentenced him. The court will take up the broader issue, whether executing the mentally retarded is cruel and unusual punishment, in its next term.

That's our report for tonight. I'm Chris Bury in Washington. For all of us here at ABC News, good night.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Non Grid Am Process / 4194

Date:		8/29/2000
Time:		10:00 AM - 11:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


For Flood Relief Donation and Volunteer Opportunities go to
http://home.enron.com/flood

Find out about Bring Your Child To Work Day, June 29!
The annual Bring Your Child To Work Day is scheduled on Friday, June 29th.

Guidelines for participation:

(1) Parents MUST stay with their children at all times.  Children will not be
allowed to participate without their parent in attendance.
(2) Participation in the event is with immediate supervisor,s permission only.
(3) Children 6 years and older only.
(4) Participation is limited to children of Enron or contract employees.
(5) Each employee participating MUST sign a release waiver and return it with
the registration form by Friday, June 22nd.

An email will be distributed this week.  This provide parents with details
about the registration process as well as a release waiver.

Get it While it's Hot! - A Gift From Mervyn's
Mervyn's is extending a 15% discount coupon to Enron employees for Men's and
Women's Dockers Casual Businesswear.  If you are interested in this limited
time offer (valid until June 30th) please come by the INFOZONE Kiosk in the
lobby during lunch on Monday, June 18th to pick up your coupon.  Coupons will
be distributed on a first come, first serve basis and limit is 2  per
employee.

Volunteer for the Boys & Girls Club Summer Camp Weekends!!!
Kevin Hannon, Boys & Girls Club board member, invites you to join Enron
employee John Cote at a Boys & Girls Club summer camp. John and Kevin are
looking for commitments from some dedicated ENRON men & women. SPREAD THE
WORD - SPOUSES, FRIENDS & OFFICE COLLEAGUES WELCOME - LAST YEAR'S CAMP WAS A
HUGE SUCCESS! Details below:

WHAT:  2nd Annual Houston Boys and Girls Club Summer Camp Weekend with
Enron's incredible volunteers!

WHEN:   Boys Camp
  Friday afternoon (3:00 - 6:00pm), June 22 through Sunday afternoon, June 24
  --OR--
  Friday afternoon (3:00 - 6:00pm), July 20 through Sunday afternoon, July 22

  Girls Camp
  Friday afternoon (3:00 - 6:00pm), July 6 through Sunday afternoon, July 8
  --OR--
  Friday afternoon (3:00 - 6:00pm), July 13 through Sunday afternoon, July 15

WHERE: Willis, TX (75 minutes from downtown Houston -- just north of Conroe)

WHO:  6-8 counselors per camp to chaperone 75 kids (ages 7-16)

HOW:  Share all sports activities, including canoeing, hiking, fishing,
organizing a talent    show/bonfire/ghost stories, obstacle course, water
balloon fights, softball,     basketball, archery, football, etc.  (Cooking
and clean-up covered by the Houston Boys &   Girls Club staff.)

CONTACT: John A. Cote at ext. 33830

Volunteers Needed for Bring Your Child to Work Day!

Bring Your Child to Work Day is Friday, June 29

Please email Jennifer Milligan if you are interested in volunteering and
indicate your preference for indoor or outdoor activities.

Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
EIA@enron.com
no later than 12:00 noon the Thursday prior to the next Monday,s mailing.


Hi  Mark

Can you please respond to EOTT attorney Molly Sample. We need to determine
the corporaten structure that we are going to use before we can proceed
further. Thanks.

Savita
---------------------- Forwarded by Savita Puthigai/NA/Enron on 08/15/2000
11:29 AM ---------------------------

Charles_Uus@eott.com on 08/15/2000 11:28:12 AM
To: savita.puthigai@enron.com
cc:

Subject: Lawyers

Savita,

According to Molly Sample (my attorney) Mark Taylor still has not gotten
back to her.

It looks like we are still stuck.

Charles


Here's some ideas for this coming week.? As  always, modify and change as
necessary to fit your group and your style, or do  something totally
different if that's what your group needs.?? Keep up  the good work!
?
Bobby
 - Galations 5 Fruit.doc


Michael,

Attached please find a new Amendments to the Securities Purchase Agreement
and the Project Development Agreement.  In order to expedite the review
process, I am simultaneously sending copies of these documents to ENA for
their final approval; therefore, they remain subject to further changes if
necessary.

Best regards.

Aaron P. Roffwarg
Bracewell & Patterson, LLP
South Tower Pennzoil Place
711 Louisiana St.
Houston, Texas 77002
(713) 221-1117 (Ph)
(713) 221-2184 (Fax)

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1117 or by fax at (713) 221-2184,
and confirm that you have destroyed this information and any copies.
Thank you.

 - #1283533 v4 - AMENDMENT NO 3 TO PDA.doc
 - #1283523 v7 - AMENDMENT NO 2 TO SPA.doc


Colleagues,
I will be leaving Enron next week. Friday, September 8, will be my last day. I
enjoyed knowing and working with you. For the time being, I can be reached at
takriti@att.net.
-Samer


Thank you.

Have have you been?  How long are you going to be there?  Do you know yet?

Kathy

Kathy Peterson
El Paso Electric Company
123 W. Mills
El Paso, TX  79901
(915) 543-2039
(915) 521-4751 (fax)

                      "Gang, Lisa"
                      <Lisa.Gang@ENRON.        To:       <kpeterso@epelectric.com>
                      com>                     cc:
                                               Subject:  RE: Schedule for April 9th
                      04/09/02 08:58 AM

I'll do it for a small fee :-) Hope all's well.

Lisa

-----Original Message-----
From: kpeterso@epelectric.com [mailto:kpeterso@epelectric.com]
Sent: Monday, April 08, 2002 3:22 PM
To: Gang, Lisa
Subject: Re: Schedule for April 9th

Hi Lisa,

Could you add MACEVE1@epelectric.com to your distribution list.

Thanks,

Kathy

Kathy Peterson
El Paso Electric Company
123 W. Mills
El Paso, TX  79901
(915) 543-2039
(915) 521-4751 (fax)

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


that last one is of u and i and we're hammered - try not to open it when anyone is around.


Kay,

If you have successfully enrolled you will receive a confirmation email.  As well, log into elm.enron.com and click on My Learning Plan, it will list the classes you have registered.

Thank you!

From:	Kay Mann/ENRON@enronXgate on 11/02/2001 11:48 AM
To:	ISC Hotline/Corp/Enron@Enron
cc:

Subject:	Risk management seminar

I signed up for the Nov 15/16 Risk Management Seminar, and I wanted to confirm my registration.

Thanks,

Kay


Coral wants some comfort from GE.  This is their proposal.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/04/2000 02:51
PM ---------------------------

Kay Mann
12/04/2000 02:46 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:

Subject: Re: FW: Form of GE acknowledgement letter

Sorry it took so long to get back to you.  Today has been beyond frenetic.

I agree with your comment #1.  I expect they will ask us for a rep like the
one in #2, but they still want to hear it from GE.

Kay

Ben F Jacoby@ECT
12/04/2000 11:45 AM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: FW: Form of GE acknowledgement letter

Kay:

My comments as follows:

1. In item 1, we should reference Coral's purchase of 80% of the member
interests, and potential purchase of the remaining 20% after the COD.

2. Shouldn't we be able to handle item 2 with an ENA rep?

I think the acknowledgement letter needs to be very narrow with respect to
the sale of the 80% member interest to Coral, and potential purchase of the
remaining 20%.. An acknowledgement from GE that the sale of the 80% and
subsequent sale of the remining 20% comply with the assignment provisions
should be sufficient.

Regards,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 12/04/2000 09:43 AM
---------------------------

"Whaley, Don" <DWhaley@coral-energy.com> on 12/04/2000 11:15:38 AM
To: "'Ben.Jacoby@enron.com'" <Ben.Jacoby@enron.com>
cc:
Subject: FW: Form of GE acknowledgement letter

-----Original Message-----
From: George Kutzschbach [mailto:gkutzschbach@fulbright.com]
Sent: Monday, December 04, 2000 11:03 AM
To: Kay.Mann@enron.com
Cc: Reynaud, Ann; Whaley, Don; Shepherd, James L.
Subject: Form of GE acknowledgement letter

Subject to review of the final form of Facility Agreement, attached is a
proposed form of acknowledgement letter which would be required to be
obtained from GE with respect to each LLC, with the name of each LLC
changed accordingly.

 - 5wk8801_.DOC