Sorry did not see the email till late, (I had stupidly sorted the email by author) I will po round on Saturday morning and I can take
	you trhough my plan. I am delighted to hear little Scott is sleeping.

	I apologize for not seeing and responding to the email sooner.

	Take care.

	P.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, June 13, 2001 5:48 PM
To:	Philippe A Bibi/HOU/ECT@ENRON
Subject:	Re: FW: Enron Center North/Enron Center South Damage & Restoration Overview

Marcus said you wanted to see me Friday but we are going to the Astros - is there a problem?  I notice you haven't responded to me email.

Can we talk on the phone or will sometime over the week-end do instead of Friday?

Louise
---------------------- Forwarded by Louise Kitchen/HOU/ECT on 06/13/2001 05:46 PM ---------------------------

Louise Kitchen
06/11/2001 10:53 AM
To:	Philippe A Bibi/ENRON@enronXgate @ ENRON
cc:

Subject:	Re: FW: Enron Center North/Enron Center South Damage & Restoration Overview   << OLE Object: StdOleLink >>

Bloody good effort - I thought you'd have lost a lot of systems.

So how are things - thanks for the message only got it last night as the phones have been down most of the week-end.  We spent the week-end figuring out alternative ways home for Marcus's mum (Indianappolis - New York - London is how she finally got home - obviously her luggage got lost) and also picking up my parents who are now out golfing every hour god sends as no-one else thinks the courses are open.  No other damage though.

What's my news - nothing exciting - Lavo did ring last week to tell me that everyone is saying I am going back to London, David Port rang Friday and said there were many rumours around (some not so nice too!).  But suffice to say I presume they are all bollocks as no-one has mentioned anything to me!  But then maybe I'll be the last person to get consulted.  Matthew Scrimshaw made the move to EBS so I do have some info there - but I figure you'll already know it as its now 4 days old!    I have never been more up to speed with emails - I only have 5 in my inbox

In other news - Scott is finally sleeping more (I got a whole 7 hours last night) so I am back at work on Monday - are you free any time this week for lunch to catch me up on the gossip before I get back?  I could never be a stay at home mum -  I am lacking in all the requried attributes - patience and inability to spend money, with nothing to do apart  from look after Scott - I have become the demon internet spotter.

Let me know about lunch

Regards

Louise

From:	Philippe A Bibi/ENRON@enronXgate on 06/11/2001 09:17 AM
To:	Mark Frevert/ENRON@enronXgate, Greg Whalley/HOU/ECT@ECT
cc:	Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/ENRON@enronXgate, Jeffrey McMahon/ENRON@enronXgate, Raymond Bowen/ENRON@enronXgate, John J Lavorato/ENRON@enronXgate, Louise Kitchen/LON/ECT@ECT, Rebecca McDonald/ENRON@enronXgate, Kevin Hannon/Enron Communications@Enron Communications, Ken Rice/Enron Communications@Enron Communications

Subject:	FW: Enron Center North/Enron Center South Damage & Restoration Overview

Mark/Greg,

Please find attached a post-mortem of our weekend problems...

Summary is last paragraph in red.

Regards

 -----Original Message-----
From: 	Terech, Henry
Sent:	Sunday, June 10, 2001 11:23 PM
To:	Bibi, Philippe A.; Donovan, Bill
Cc:	Kean, Steven
Subject:	Enron Center North/Enron Center South Damage & Restoration Overview

Bill/Philippe-

Below is a summary of the major problems which occurred the past 96 hours and the steps taken to mitigate the damage and risk.

Enron Center North (1400 Smith)

As a result of the flooding downtown, approximately six skyscrapers had their electrical vaults flooded and began to cause cascading problemd in the electrical grid downtown. The net result was the loss of one of the two 35kv circuits which serve 1400 Smith. We (engineers, EES Maint, electrical subs)  believe at the time the circuits blew we shifted from three phase to single phase power, which caused an imbalance in the load to the building.

Consequently, UPS "C" which serves a portion of the Lv 34 Data Ctr, the Rolm phone switch, and a protion of the Traders floors lost a circuitboard, and blew two internal fuses. This power degradation caused PDU "S" on Lv 34 to trip its main breaker and shutdown power load to servers and equipment on this PDU. This occurred shortly after Noon on Saturday.

Response/Restoration

> UPS "D" transferred load from UPS "C" as the N+1 back up and carried the full load of the UPS loss as designed
> EPSC/electrical sub (Henderson Electric); EES Maint; IT worked together to power down systems to begin repair work by 4:00pm Saturday
> EPSC/EES Maint coordinated with Pillar/Henderson Elec to obtain replacement parts and begin the repairs. By 9:30pm all repairs to UPS"C" had been made and the system bought back on line. As a measure of extra protection the back up genset for Enron Ctr North  was in operation
> Reliant Energy restored the circuit at approximately 10:30pm Saturday evening
> EPSC/EES Maint and subs conducted a thorough review of all electrical and back up systems Saturday evening
> Enron Network IT Operations began restoration of all affected systems Saturday evening
> EPSC/EES Maint obtained diesel fuel and topped off all gensets Saturday in case of additional problems and due to fuel consumption during the outage

Other Building damage was limited to flooding in the tunnels, and water damage/flooding to portions of the Body Shop on Lv B-1

Enron Center South (1500 Louisiana)

Impact/Damage Summary

> Levels 8 & 9  received very limited amounts of water from the core area elevator shafts and exterior curtainwall. There was no exposure to water on any systems or network cabling during the entire period. (Response) Crews contained and cleaned all water as it traced into the building.
> ALL IDF closets on Lvs 3-5 Traders Floors remained dry throughout the duration of the rains/flooding on Friday & Saturday
> Lv 6 received some water from Lv 7. (Response) The area was contained and cleaned. No additional damage beyond Tuesday evenings flooding occurred
> Due to extreme street flooding and water pressure, a 10" sanitary sewer line tied into ECS burst on Friday evening causing extensive flooding of Lv  B-1 area (approximately 4-6 inches of water in the basement. (Response)  Clark & Way Engr was able to install a temporary plug in the line to stop the on going flood waters from penetrating the basement. Clean up has continued throughout the weekend
> Due to the extreme flooding and water pressure, the water seal of the Reliant Vault burst early Saturday and flooded the electrical vault room with 24-30" of water. This resulted in a complete loss of power at approximately 1:30pm on Staurday afternoon. The back up systems engaged and operated per design to support the Data Ctr and Traders Floors. The temporary cooling tower went off line. Prior to the flooding Clark had been in the process of tieing in the temporary feed into the back up system by 7-1-01 in prep for the migration (Response)
	* Clark used back up water pumps to pump out and clean the Reliant electrical vault, as well as maintained operation of the back up systems
	* The Data Ctr AHU's were kept on line with the dehumidifiers/blowers to modulate the airflow in the Data Ctr. EPSC had Way Engr techs use temp/humidity probes
	   to monitor the areas. The recordings indicated temps on Lvs 8 & 9 did not exceed 78 degrees and relative humidity did not exceed 68% during the outage
	* Clark/Fisk Elec/EPSC coordinated desing efforts and obtained gear on an emergency basis and completed the tie in off the temporary coolong tower to the
	   generators by 10:30pm
	* Reliant Energy is still cleaning and replacing gear in th vault room. Presntly (AT 11:00PM Sunday) we have one circuit operational in the building and 50% of the
              Reliant  gear on line). We are still operating all systems safely on the back up sytems for the past 36 hours. It is expected Relaint will be complete by 7:00am.
	  Clark; the engineers and MEP subs shall be conducting a thorough system review and repirs as required of all systems throughout the building during the coming
	  week.

In summary, the back up systems in both facilities did engage and operate as designed; however, due to the extreme conditons and stress placed upon the systems the facility held up extremely well. I would also like to note throughout the ordeal beginning Friday evening through Sunday, everyone (Enron NetWorks;EES FacilitiesClark Const;Way Engring;Fisk Electric;Henderson Electric; KW-Pillar;Hines) did an outstanding job under enourmous pressure and the most severe conditions I have seen in downtown Houston. Communication, around the clock work  and cool heads managed to assess damage and develop action/restoration plans to facilitate repairs for Monday business

Let me know if you need further details on specific issues or items.

regards-

Henry

<Embedded Picture (Device Independent Bitmap)>


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                      Friday, November 10, 2000

benjamin.rogers@enron.com
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NVIDIA KEEPS CHIPPIN'
Nvidia has overtaken ATI Technologies as the largest maker of
graphic-enhancing chips for desktop computers.

By Mike Trigg

Computer graphic chip maker Nvidia (Nasdaq: NVDA) reported
better-than-expected third-quarter results after the market's
close yesterday, citing market share gains attributable to
original equipment manufacturers' (OEM) and system builders'
rapid adoption of its GPU technologies. The company maintained a
robust growth outlook, expanding out of its core desktop
business.

Nvidia's fiscal third-quarter (ended October 31) net income was
$28.1 million, or $0.35 per share, compared to $10.6 million, or
$0.15 per share, in the comparable period a year ago. The Street
consensus estimate called for the company to earn $0.32 per
share. Moreover, revenues came in at $198.2 million, more than
doubling year-over-year from $97 million. And operating income
grew 142% to $36.6 million.

According to a new study this week by Mercury Research, Nvidia
has overtaken ATI Technologies (Nasdaq: ATYT) as the largest
maker of graphic-enhancing chips for desktop computers. For the
third quarter, Nvidia chips were in 48% of all desktop
computers, increasing more than twofold from a year ago.

Meanwhile, ATI's desktop market share slipped five percentage
points to 34%. However, in the laptop market, ATI expanded its
market share from 29% in the same period a year ago to 57%,
highlighted by new contracts with IBM (NYSE: IBM) and Dell
(Nasdaq: DELL). Despite losing money in the last two quarters,
ATI expects to re-enter the black in the current quarter (ends
November 30). Nevertheless, Nvidia's gains continue to look
impressive in comparison to the competition.

The Santa Clara, Calif.-based Nvidia has made significant gains
winning over longtime ATI customers, including Compaq Computer
(NYSE: CPQ) and Gateway (NYSE: GTW). According to the Street,
the shift has occurred because Nvidia has been more successful
at rolling out improved chips every six months. In a press
release yesterday, CEO and President Jen-Hsun Huang cited its
newest GeForce chip, the GeForce2 Ultra, as cause for its
expanding leadership position.

The other competitive force, 3Dfx Interactive (Nasdaq: TDFX), is
coming off a disappointing July quarter when revenue was less
than half of what the Street expected. The company attributed
the shortfall to component shortages and "competitive and retail
seasonality factors." Similarly, the company announced it would
report disappointing results for the quarter ending in October.

AFTER-HOURS COVERAGE

DELL ANNOUNCES Q3

Direct PC seller Dell announced third-quarter results after the
market's close today, in line with the consensus Street
expectation. With speculation throughout the day looming that
Dell had "juiced" revenue numbers at quarter's end, shares
traded down roughly 6% to close at $28.38. The company also
reconfirmed earlier guidance that called for sales to rise 27%
year-over-year, slightly below the 30% growth the company was
expecting earlier in the year.
FULL STORY>>
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NEWS TO GO

Guess what? Sexy jeans retailer Guess (NYSE: GES) announced
third-quarter profits after the market's close well below Street
expectations, citing excess inventory and a difficult retail
environment. Guess reported third-quarter profits of $5.6
million, or $0.13 per share, compared to $14.2 million, or $0.33
per share, in the year-ago period. That's well below the Street
consensus expecting $0.36 per share. Inventory levels at
quarter's end were $164.2 million, up from $94.2 million last
year. Total revenue increased 39% year-over-year to $216.4
million. Guess also revised its fourth-quarter outlook, now
calling for earnings to be $0.08 per share to $0.10 per share.
The Street estimate called for $0.36 per share.

Construction and industrial supplies distributor Hughes Supply
(NYSE: HUG) reported that it would miss third-quarter and
full-year estimates. The company expects earnings between $0.75
per share and $0.79 per share, down from $0.87 per share in the
same period last year. The consensus Street estimate had called
for $0.93 per share. Sales for the quarter should come in at
$860 million, about 10% lower than expected. The company expects
full-year sales growth of 9% to 11%, and full-year earnings
between $2.75 per share and $2.80 per share. The
slower-than-expected growth was attributed to commodity pricing
exposure for many plumbing and building materials products.

You learn real good! Computer training company Learning Tree
International (Nasdaq: LTRE) posted solid fourth-quarter and
full-year results after the market's close yesterday. Learning
Tree reported earnings of $9.1 million, or $0.40 per share,
compared to $5.7 million, or $0.26 per share, one year ago.
That's well ahead of the Street consensus of $0.36 per share.
Moreover, the Orlando, Florida-based company pulled in $56
million in sales, increasing 21% from $48.5 million in the same
period last year. For the entire fiscal year, Learning Tree
earned $50.4 million, or $1.65 per share, compared to $14.7
million, or $0.57 per share, last year.

Managed healthcare service provider PacifiCare Health Systems
(Nasdaq: PHSY) reported a significant drop in third-quarter net
income, citing rising medical costs related to the company's
transition from capitated contracts to per-diem, fee-for-service
or shared-risk arrangements with hospitals. The Santa Ana,
Calif.-based company turned in earnings of $5.2 million, or
$0.15 per share, compared to $69.3 million, or $1.54 per share,
in the year-ago period. The Street consensus called for a
$0.07-per-share loss. Results reported for the quarter include a
$3.8 million credit, or $0.11 per share, related to the early
termination of a license agreement. Results for the same period
last year reflected a $1.7 million net charge, or a
$0.04-per-share loss, for impairment and disposition activities.
Revenue were $2.87 billion, increasing 14% from $2.52 billion.

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MsgId:
msg-26605-2000-11-10_9-42-41-3496152_2_Plain_MessageAddress.msg-09:46:10(11-10
-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Here's what went out this evening:

Kay


Reagan,

Charles just got a phone call for you!  Apparently, his phone number is
listed in the directory for you.  Since I didn't remember your number, we
told the guy we'd pass on his name and number.  His name is Ted Spackey with
Annachem 1-800-966-1186.

Oh, by the way, I ended up going to the Volcano last night til 12:30 and had
a great time.  Those frozen screwdrivers will fuck you up.  I get half way in
the door and one of the traders in my group comes running up to say.  I hung
out with her and this other guy who's one of our brokers.  Random.  The
broker was great to talk to because he had great things to say about Enron,
and he wasn't kissing ass for the business because his last day is today and
he's moving back East.  Anyway, I'm exhausted.  No partying for me tonight.

Mat


Attached please find a Tax Review of California Assembly Bill No. 128 ("AB
128X").  The Tax Review sets out the practical implication (increased cost to
purchasers) and constitutional deficiencies of AB 128X.

The third paragraph of the Tax Review details the mathematical computation of
the tax and the resulting purchaser price increase.  The computation sales
price, $300/MWh, reflects the SP15 (Southern California) weighted average
index price ($302.88), rounded to the nearest hundred, as reported in
Megawatt Daily's May 8th MarketReport.  However, it may be more effective to
present the mathematical computation with a price closer to the proposed base
price of $60/MWh.  We are available to assist in presenting the computation
utilizing whichever numbers you deem appropriate.

The California Senate has passed SB 1X, Windfall Profits Tax on Electric
Generators.  We will forward a similar memorandum addressing SB 1X.

We are available to address questions and/or comments.  Thanks.

Ed Coats - 713.853.6369
Steve Douglas - 713.853.0938
Gavin Russo - 713.853.6296
Matt Gockerman - 713.853.3979


Please accept my apologies for this worksheet's absence yesterday. It was
undergoing cosmetic improvements to more accurately represent the EES-EPMI
position. Note two new column headings as of 3/27 - "Transmission" and "Other
EnPower" deals. Also, a change has been made to the SP-15 volumes in the 3/2
sheet. This change was made per Daniel Kang at EES and Chris Foster at EPMI.
And as always, feel free to contact me with questions.

Thanks,
Kate Symes
Trading Support
503-464-7486


Transwestern had 11 releases during the period 11/15-12/15/00.  None were
above max. rate.  All were at max. rate.

El Paso had several dozen releases during this period in the CA zone.  All
but 5 are listed as straight max rate deals.  Five have a fixed rate which
are also within +/- 1 cent of the max rate (assumably for surcharge related
reasons).

---------------------- Forwarded by Shelley Corman/ET&S/Enron on 12/13/2000
12:34 PM ---------------------------

Shelley Corman
12/13/2000 11:23 AM
To: S

Subject: Additional Arguments for Enron's Gas Cap Response

Premise: FERC should investigate the utility decisionmaking that led the
Califonia market to the point of excess gas demand, rather than rush to
impose gas price caps.

Utilities had ample opportunity to fill up storage last summer, but most
likely choose not to for price reasons.

Transwestern had at least a 100 M/D of available capacity to Califonia and to
the SoCal Needles delivery point through July 2000.

 Avg. Scheduled (compared to 1.1 Bcf/D capacity): April  780
        May  820
        Jun-Jul  980
        Aug  1050
        Oct-Dec 1080 (essentially full)

During the period April-Jul, TW was able to deliver up to the full 750 M/D at
Needles, but on many days SoCal gas instituted "windowing," lowering the
ability to take at Needles to 680-720 M/D.  SoCal's argument was that they
didn't believe that there was sufficient demand to run at the 750 M/D level
(even when TW had nominations of 750 M/D).

El Paso was also not full to Califonia until the last month.   At all times
El Paso  had available capacity at PG&E delivery points.  During the pipeline
outage El Paso was limited in their ability to fully deliver to the North
SoCal delivery point.  However, they were not full for deliveries to SoCal at
the south system delivery point.

2.    Utilities have opposed pipeline expansions to California

Sempra protested Transwestern's 140 M/D Gallup expansion, arguing that there
is no need for new capacity (CP99-522).

Sempra has also protested Questar's application to convert an oil line to new
gas pipeline service to California (S. Trails Expansion).


Oops I forgot to cc you guys... sorry!
----- Forwarded by Meredith Philipp/Corp/Enron on 10/05/2000 02:35 PM -----

	Meredith Philipp
	10/05/2000 02:33 PM

		 To: Kenneth Lay/Corp/Enron@ENRON
		 cc: Rosalee Fleming/Corp/Enron@ENRON
		 Subject: Worth Magazine interview details

Worth Magazine is doing a stock profile on Enron.  Enron is listed in the
Worth Portfolio - top stock picks selected by Worth's editors as the best
representatives of the new economy.

The magazine states that the "editors chose the companies listed here on the
basis of their sound business plans, high-quality plans, high-quality
products, solid finances, efficient operations and capable managers.  The
companies must operate in markets with the potential for explosive growth."
The Worth Portfolio list includes:  Applied Materials, Broadcom, Cisco,CMGI,
eBay, ENRON, Millennium Pharm, News Corp., Nokia, Oracle, Charles Schwab &
Co., Sun Microsystems, Sycamore Networks and Worldcom.

The reporter writing the profile, Jeff Schlegel, has already completed
interviews with several executives and is scheduled to interview you by
telephone at  10:30-10:45am on Monday, 10/9.  I will come to your office to
place the call.  A quick photo shoot will immediately follow from
10:46-11:00.

Schlegel will ask the following questions:

What are your views on how Enron has evolved, both operationally and
culturally, from a pipeline company to a new economy powerhouse?
What has your role and vision been in selecting top managers and senior
executives?
Where do you see Enron in the next 5 years?


----- Forwarded by Jeff Dasovich/NA/Enron on 02/06/2001 11:32 PM -----

	Alan Comnes@ECT
	02/06/2001 09:30 PM

		 To: Angela Schwarz/HOU/EES@EES@ENRON, Beverly Aden/HOU/EES@EES@ENRON, Bill
Votaw/HOU/EES@EES@ENRON, Brenda Barreda/HOU/EES@EES@ENRON, Carol
Moffett/HOU/EES@EES@ENRON, Cathy Corbin/HOU/EES@EES@ENRON, Chris H
Foster/HOU/ECT@ECT, Christina Liscano/HOU/EES@EES@ENRON, Christopher F
Calger/PDX/ECT@ECT, Craig H Sutter/HOU/EES@EES@ENRON, Dan
Leff/HOU/EES@EES@ENRON, Debora Whitehead/HOU/EES@EES@ENRON, Dennis
Benevides/HOU/EES@EES@ENRON, Don Black/HOU/EES@EES@ENRON, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES@ENRON, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES@ENRON, Erika
Dupre/HOU/EES@EES@ENRON, Evan Hughes/HOU/EES@EES@ENRON, Fran
Deltoro/HOU/EES@EES@ENRON, Gayle W Muench/HOU/EES@EES@ENRON, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES@ENRON, Harold G
Buchanan/HOU/EES@EES@ENRON, Harry Kingerski/NA/Enron@ENRON, Iris
Waser/HOU/EES@EES@ENRON, James D Steffes/NA/Enron@ENRON, James W
Lewis/HOU/EES@EES@ENRON, James Wright/Western Region/The Bentley
Company@Exchange@ENRON, Jeff Messina/HOU/EES@EES@ENRON, Jeremy
Blachman/HOU/EES@EES@ENRON, Jess Hewitt/HOU/EES@EES@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES@ENRON, Kathy Dodgen/HOU/EES@EES@ENRON, Ken
Gustafson/HOU/EES@EES@ENRON, Kevin Hughes/HOU/EES@EES@ENRON, Leasa
Lopez/HOU/EES@EES@ENRON, Leticia Botello/HOU/EES@EES@ENRON, Mark S
Muller/HOU/EES@EES@ENRON, Marsha Suggs/HOU/EES@EES@ENRON, Marty
Sunde/HOU/EES@EES@ENRON, Meredith M Eggleston/HOU/EES@EES@ENRON, Michael
Etringer/HOU/ECT@ECT, Michael Mann/HOU/EES@EES@ENRON, Michelle D
Cisneros/HOU/ECT@ECT, mpalmer@enron.com@ENRON, Neil
Bresnan/HOU/EES@EES@ENRON, Neil Hong/HOU/EES@EES@ENRON, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES@ENRON, Richard L
Zdunkewicz/HOU/EES@EES@ENRON, Richard Leibert/HOU/EES@EES@ENRON, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Rosalinda Tijerina/HOU/EES@EES@ENRON, Sandra
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES@ENRON, Scott Stoness/HOU/EES@EES@ENRON, Sharon
Dick/HOU/EES@EES@ENRON, skean@enron.com@ENRON, Susan J Mara/NA/Enron@ENRON,
Tanya Leslie/HOU/EES@EES@ENRON, Tasha Lair/HOU/EES@EES@ENRON, Ted
Murphy/LON/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT,
Tony Spruiell/HOU/EES@EES@ENRON, Vicki Sharp/HOU/EES@EES@ENRON, Vladimir
Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES@ENRON, William S
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES@ENRON,
triley@enron.com@ENRON, Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON,
dwatkiss@bracepatt.com@ENRON, rcarroll@bracepatt.com@ENRON, Donna
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com@ENRON, Kathryn
Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Ren, Lazure/Western Region/The Bentley
Company@Exchange@ENRON, Michael Tribolet/Corp/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, jklauber@llgm.com@ENRON,
Tamara Johnson/HOU/EES@EES@ENRON, Mary Hain/HOU/ECT@ECT, Greg
Wolfe/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Dirk vanUlden/Western
Region/The Bentley Company@Exchange@ENRON, Steve Walker/SFO/EES@EES@ENRON,
Mike D Smith/HOU/EES@EES@ENRON, Richard Shapiro/NA/Enron@Enron
		 cc:
		 Subject: Judge Orders Supplier To Continue Selling Power To Calif

Good morning !

Judge Orders Supplier To Continue Selling Power To Calif

02/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

SACRAMENTO, Calif. (AP)--A U.S. judge Tuesday temporarily ordered an
electricity supplier to continue selling power to the state, effectively
extending an emergency federal directive. Two other suppliers agreed they
would continue sales as well.

U.S. District Judge Frank Damrell, citing the possibility of "obvious
irreparable harm to the public," said Tuesday his temporary order requires
Reliant Energy Services Inc. to continue sales at least until a further
hearing on Wednesday.

Wholesalers AES Pacific Inc. and Dynegy Power Corp., not covered under the
temporary injunction, said they would continue sales until that hearing as
well.

The suppliers provide enough electricity to serve 4 million homes.
Electricity grid officials said losing that source could have produced
rolling blackouts like the ones that hit the state twice last month.

The Independent System Operator, which maintains the state's power grid,
sought the restraining order on an emergency basis as the federal directive
neared its midnight PST Tuesday expiration.

President Bush had said his administration would not renew the orders, which
were first issued by the Clinton administration and were extended by Spencer
Abraham, Bush's energy secretary.

Reliant filed a lawsuit against the system operator last week after receiving
a letter it sent to 140 power generators asking them to agree to continue
selling power after the expiration. The Houston-based company said it should
not have to bear the cost of California's energy crisis.

Reliant representatives did not immediately return calls for comment Tuesday.

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


Daren - Pat gave me a a spreadsheet showing what should be allocated to
Greens Bayou.  I checked the deal ticket (286824) and it ends on 6/17.  There
is still two more days that need to be reallocated.  Please let me know if
you can extend this deal or create a new one.

Thanks.

AL


FYI
Thanks
Gary

-----Original Message-----
From: Fergus, Gary S.
Sent: Tuesday, May 08, 2001 1:34 PM
To: Andy Pickens (E-mail); Barrett H. Reasoner (E-mail); David J. Noonan
(E-mail); Jean Frizzell (E-mail); Michael L. Kirby (E-mail); Michael
Molland; Mike D. Smith (E-mail); Peter Meringolo; Richard B. Sanders
Esq. (E-mail); Robert C. Williams (E-mail); Susan Bisop (E-mail)
Subject: FW: IMPORTANT - READ NOW

FYI
Thanks
Gary

-----Original Message-----
From: Tim.Belden@enron.com [mailto:Tim.Belden@enron.com]
Sent: Friday, December 22, 2000 4:42 PM
To: Portland.West.Desk@enron.com
Cc: Dan.Dietrich@enron.com
Subject: IMPORTANT - READ NOW

The purpose of this message is to update employees on the
status of the California Attorney General's order regarding the
preservation
of business information.  Please NOTE THE IMPORTANT POLICIES DESCRIBED
BELOW.

We have negotiated procedures with the
California Attorney General's office allowing each of you to manage your
email and hard drive capacity while still preserving business information.

Starting today, please implement the
following business information retention policies:

(1) PERSONAL EMAIL: can be kept, discarded,
etc. at will.

(2) BUSINESS EMAIL: do not delete any
business email sent or received for 24 hours.  This 24 hour delay will
allow
the network to save a backup copy of the email.  After 24 hours, BUSINESS
EMAIL may be kept, discarded, etc. at will.

(3) WORD PROCESSING FILES OR FILE FRAGMENTS:
do not delete any SAVED FILE or any FILE FRAGMENT.  This policy covers any
FILE or FILE FRAGMENT that you have saved on your hard disk or the network.

(4) DATABASES: do not delete any information
in DATABASES.

(5) EXCEL SPREADSHEETS: do not delete any
information in EXCEL SPREADSHEETS.

(6) CALENDARS OR SCHEDULING PROGRAMS: do not
delete any information.

(7) OTHER ELECTRONIC DATA: do not delete any
OTHER ELECTRONIC DATA.

(8) HARD DRIVE CAPACITY: in the event that
you run out of disk space on your personal computer, you may copy files to
the network (where they will be backed up), then delete the files from your
personal computer to create the work space you need.  DO NOT DELETE ANY
FILE
BEFORE YOU HAVE COPIED IT TO THE NETWORK.

In our negotiations we have discovered no
reason to believe that Enron has been singled out for investigation by the
Attorney General.  We will update you as we learn more.

Please respond promptly to this notice via
email an e-mail to me.  Your email should state that you understand and
intend to comply
with the important business information retention policies stated above.

Thanks for your help in this matter.

Tim Belden

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


I'm looking forward to your discussion regarding the "reregulation threat" at
the next meeting.  Below are some of my observations:

While it's premature to say we have an energy crisis, we are witnessing the
triple threat of high summer gasoline prices, spiking electricity prices, and
high natural gas prices for the upcoming heating season (I'll send along some
of the data).
There is at least the potential for this to become a prominent national
political issue:  Gore has focussed relentlessly on Bush's ties to "big oil"
(which includes us by the way, though we produce nary a drop); and
Congressional republicans have blamed the current administration for failing
to have a coherent energy policy (though, at least so far, the dominant
characteristic of the administration's policy has been a republicanesque
reliance on the market).
Notwithstanding the issue's potential to become political fodder and its
prominence in the popular press, many Americans seem blissfully ignorant, at
least on the electricity issue.  We did some focus group testing recently in
Southern California -- a mere 15 minutes from the epicenter of the San Diego
price quakes -- and most people knew nothing about it.  So, while the issue
has the potential for political traction, it may not have caught on yet
(except in places like San Diego and New York city.
The reaction in California has been to call for government intervention in
electricity markets.  Investigations of out of state "price gougers and
profiteers" have been undertaken and wholesale and retail price caps have
been put in place.  They have not worked -- at least in wholesale markets.
Suppliers are deciding to site plants elsewhere and when prices are high
elsewhere in the West, power flows out of California to those other markets.
Ironically, though I can't explain it in classical economic terms, the
setting of rate caps in wholesale markets has had the effect of pulling
prices up to the capped levels in offpeak times when there is more than
enough supply.  For the most part, though, the caps and the other political
reactions have been somewhat muted: policy makers have been reluctant to
throw the deregulation plan out and start over, and the retail price caps
have been relatively narrow ... so far.
Outside of California, the authors of other states' deregulation plans have
distinguished their proposals from California's.  Regulators and legislators
from such diverse places as Connecticut, Texas and Alberta have gone out of
their way to defend their plans and explain why "California won't happen
here."  For the most part, then, the reaction to California has been positive
from Enron's perspective in states that have already deregulated.  There does
remain some threat that aspects of the state plans (e.g. utility plant
divestiture) may be postponed or cancelled.  The story is a bit more grim in
states that were considering deregulation but have not gone forward with
their plans:  I think it's off the agenda in most places.  The fact that most
of the major markets (about 70% of total electric revenue) are already
deregulated/deregulating is a blessing in that regard.
At the federal level there has been a combination of the "burn the village in
order to save it" approach  -- allow some price caps to remove the pressure
to reverse the whole deregulation program -- and a more positive call for
comprehensive reform.
All in all, I believe we're OK so far and we need to look at this as an
opportunity:  business is booming;  we sell protection from price volatility
and the need for such protection is now plastered over the front pages of
major newspapers.  On the public policy front we need to convert the
controversy into productive action.  Our target has been FERC -- they are
somewhat removed from the white hot rhetoric in California and they are a
single commissioner's vote away from taking action to further open the
market.
Enron's response:  Initially we hoped to feed information into industry
groups and let them carry the message; our concern was that Enron -- a
company which was in and out of the residential market in Cal. -- would not
make the most attractive champion for the open market message.  We hoped that
the new generators in Cal would take up the mantle.  It's fair to say that
they fumbled the ball:  they are now locked in a pitched battle with the
utilities over price caps and fall all to easily into the out of state
profiteer label .... standing between Aunt Millie and rate relief.  They were
also extremely slow out of the blocks with a more productive message.  We are
now working the issue directly.  We are working the issue on a number of
levels: 1) PR - we have good contacts in the press and have talked to
numerous reporters and editorial writers.  As time goes on, the information
and reporting has gotten somewhat better.  2)  Govt relations - we have been
pushing for power plant siting legislation in California (the market wants to
build capacity but the government won't let it).  This may be the best
environment we'll ever see for streamlining the permitting process.  Also, in
typical Enron fashion, we put a deal on the table.  We offered to sell power
to the local utility at a price which would enable them to lock in stable
rates for their customers at below current rates.  Our offer was followed by
nine others and we tried to make something of the fact that the market was
offering better solutions than California politicians.  SDG&E dropped the
ball, unfortunately.  Instead of seizing the opportunity, they ended up going
along with a government granted rate discount which will cause them to accrue
a massive deferral account.  At the federal level we are contacting members,
the DOE and FERC.  Here we are making a push for FERC action to finish
"leveling the playing field" in wholesale markets so power can get from where
it is to where its needed.  Additionally, we are developing a prepackaged
system (including software) for nondiscriminatory open access (to take away
any lingering excuses or delays).  3) Overall messaging -- we have been
working with a well known political pollster to check our messages for their
resonance at the grassroots level.  As we hone these messages we will be
using them in the fora we are currently working.
Overall, we have more opportunity than risk in the current environment, but
capitalizing on those opportunities continues to be a long shot.
An intersting rhetorical challenge for us is this:  much of the problem in
power markets is blamed on high upstream fuel prices, particularly natural
gas.  The gas market is open and structured pretty much the way we are
advocating for electricity, so how can we maintain that the problem in power
markets is an absence of open markets when the most open commodity market on
the planet (natural gas) is producing such outsized prices?  The answer is
somewhat complicated and therefore a bit unsatisfactory in the current
debate:  gas prices are still lower in real terms than they were
pre-deregulation;  long term prices are also lower than historical levels (
the curve is "backwardated" (sp?) meaning that prices in later years are
lower than today so you can buy gas for 3 years at a price lower than current
spot prices); and the economy is booming and driving up demand for basic
inputs (this begs the question: why didn't the market react sooner and avoid
the spike?).  When all else fails, a big part of the problem can be blamed on
OPEC.  We haven't had this thrown at us yet, but we are trying to anticipate
it and have answers at the ready.

 This is just the tip of the iceberg.  The issue is a great example of the
intersection of our business interests with public policy debates and should
promote a lively discussion when we get together.  Let me know if there is
anything else you need.


Brian_Grant@cargill.com writes to the NYISO_TECH_EXCHANGE Discussion List:

I have not had any response to questions about whether Don is right
about NYISO simply going back to the way things were, but making that
assumption, I offer the following solution:

In my mind the way the market should work is that there should be "bid
guarantees" in real time.  I do not agree with the fact that there are
production cost guarantees and not sink price cost guarantees.  If there
were guarantees to all HAM bids, that would in turn lead to a more
efficient northeastern marketplace.

An example of an export:

I bid in the DAM to export power from NYISO to PJM. I bid 50, DAM clears
40, so get accepted to export 100 mw's.  Before the HAM commitments take
place, prices in NYISO are 200 while prices in PJM are 20, so I decide
it would be economical to leave the power in NYISO.  I have the ability
to change the HAM bid created from my accepted DAM bid, so I change the
bid to 100...saying that if NYISO is willing to pay 100, then I am
willing to cut my schedule to PJM...NYISO is forecasting 200, so they
cut my schedule.  One of two things happens now, if realtime clears
above my 100 HAM bid, then I buy at 40(DAM) and sell at realtime...If
realtime clears at under my 100 HAM bid, then NYISO needs to provide the
difference between my HAM bid and the realtime px.  The logic here is
that in effect, I already owned power at 40(just like a 40 generator)
and was willing to sell back my "generator" at 100, so if someone
commits my generator at 100, then they should be responsible for
compensating me.

An example of an import:

I bid into the DAM to import power to NYISO from PJM.  I bid 50, DAM
clears 60, so I get accepted to import 100 mw's.  Before the HAM
evaluation, prices in PJM are 200 while prices in NYISO are 30.  So I go
into my HAM bid and change the price from 50 to 150...HAM predicts 30,
cuts my import...thereby I am selling the power at 60, and buying it
back real time...once again two things can occur here...realtime clears
under my 150 bid, so I sell 60(DAM) and buy realtime....or realtime
clears at over my bid...in which case I sell 60(DAM) and buy back at my
150 HAM bid....the logic here is that my power at PJM(my generator)
which had committed itself at 60 in the DAM, was willing to stay flowing
to NYISO at up to 150(my HAM bid)...ie I am willing to take the
financial risk between 60 and 150....NYISO did not commit me in HAM, so
my financial risk should be capped at what I am willing to risk, not
what NYISO says I should be willing to risk

Brian Grant
Cargill-Alliant LLC
952-984-3915

-----Original Message-----
From: barkerde@nmenergy.com [mailto:barkerde@nmenergy.com]
Sent: Tuesday, May 22, 2001 10:02 AM
To: nyiso_tech_exchange@global2000.net
Subject: $20,000 DAM adder

barkerde@nmenergy.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Some feed back so far...... There appears to be a problem brewing with
the
planned implementation of the May 29 adjustment that removes the $20K
bias from
the DAM external transactions.I am awaiting a call back on my concerns
from the
NYISO. By occasionally settling hourly prices through BME or
occasionally
settling after SCD sets RT prices, depending on the extistence or non
existence
of congestion, a problem that we thought we fixed many months ago will
reappear
with the removal of the $20K bias.Here is an example of my musings....

DAM bid gets accepted at  $50 ( Import from PJM)  .....  BME  then runs
(No
constraints)  evaluating the import HAM bids and other items that have
BMEprovide a $40 price.... DAM gets cut  , looks like  a $10 profit  (
providing
your loss in PJM doesn't exceed $10) . Due to in hour operations the RT
price
clears at $60. You loooooooose!!  Sound familiar? After getting beat up
like
this the MP's went through the committee structure and had the $20,000
adder
used for DAM (except IS+) to protect against this. The clearing at BME
for all
external  proxy busses removed the problem so the $20,000 adder was
removed. Now
the external interfaces only clear at BME if they are constrained. Are
we taking
a huge step back on purpose or was there a mistake in implementation?


----- Forwarded by Jeff Dasovich/NA/Enron on 03/22/2001 10:32 AM -----

>

>
>  <<NewsRelease.Cohen.doc>>

 - NewsRelease.Cohen.doc


Content-Transfer-Encoding: quoted-printable
Date: Mon, 21 May 2001 08:32:17 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: <afishman@bracepatt.com>,<asettanni@bracepatt.com>,
<cingebretson@bracepatt.com>, <cshoneman@bracepatt.com>,
<dwatkiss@bracepatt.com>, <ebethune@bracepatt.com>, <gfoote@bracepatt.com>,
<ggodley@bracepatt.com>, <jchapman@bracepatt.com>, <jjava@bracepatt.com>,
<jschilling@bracepatt.com>, <kcurry@bracepatt.com>, <mhebert@bracepatt.com>,
<mpate@bracepatt.com>, <mracicot@bracepatt.com>, <mstroud@bracepatt.com>,
"Paul Fox" <pfox@bracepatt.com>, "Patrick Oxford" <poxford@bracepatt.com>,
<rcarroll@bracepatt.com>, <rhousman@bracepatt.com>, <rrich@bracepatt.com>,
<ssegal@bracepatt.com>, <tbradley@bracepatt.com>
Subject: In an Era of Deregulation, Enron Woos Regulators More Than Ever
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

FYI - in case you didn't see this on Friday.  Marc Racicot and B&P are
mentioned.

May 18, 2001

In an Era of Deregulation, Enron Woos Regulators More Than Ever

By Bob Davis and Rebecca Smith
Staff Reporters of The Wall Street Journal

WASHINGTON -- Every energy executive in America would have liked a half-hour
with Vice President Dick Cheney as he fashioned the Bush administration's
national energy program. Enron Corp. Chairman Kenneth Lay got it.

Mr. Lay used the time to set out an eight-point agenda intended, among other
things, to head off price controls on wholesale electricity, provide Enron
and other energy traders with unfettered access to the nation's
electricity-transmission system and remove regulatory obstacles to building
new generating plants and power lines. The energy plan President Bush
unveiled Thursday reflected many of those same priorities.

In an interview last week, the vice president said he also met with other
energy executives, but Mr. Lay was the only one he named. Mr. Cheney says he
sought Mr. Lay's advice because "Enron has a different take than most energy
companies."

Indeed, Enron Corp. is a modern paradox. It has transformed itself over the
past 15 years from a stodgy gas-pipeline operator into the nation's largest
trader of gas and electricity and a formidable player in newer markets such
as telecommunications services and emissions-reduction credits. Today, it's
the quintessential model of a company dedicated to free markets.

Yet as much as any company in the U.S., it has cultivated close ties with
government. Since the late 1980s, the Houston-based company, which was
President George W. Bush's biggest corporate campaign donor, has beefed up
its lobbying staff, boosted its political contributions and sought out
friends in the world of politics. Now, with Mr. Bush in the White House, it
is in a unique position to see whether those efforts will pay off.

Enron's lobbying blitz reflects one of the ironies of the era of
deregulation. Just as government created immense telephone, electric and gas
monopolies early in the last century, Enron and other players feel they need
the government's help in opening up those monopolies and gaining access to
once-closed markets.

In particular, Enron wants the Federal Energy Regulatory Commission to ensure
that energy is deregulated on terms favorable to the company. Rather than
having the nation's transmission lines controlled by the utilities, it wants
those lines to provide open access for new entrants such as Enron eager to
buy and sell power.

Mr. Lay is on a first-name basis with a half-dozen members of the Bush
cabinet and knows many senior White House staffers from their days in the
Texas governor's mansion with Mr. Bush. Before joining the administration,
both White House economist Lawrence Lindsey and U.S. Trade Representative
Robert Zoellick were on Enron's advisory board, which pays members an annual
stipend of $50,000.

Under Mr. Lay, Enron has donated nearly $2 million to Mr. Bush during his
political career. Since the start of the 2000 campaign, Enron and its
employees have contributed $1.3 million to the Bush presidential drive, the
Republican Party and the presidential inauguration, says the Center for
Responsive Politics. Enron also accounted for $461,000 in contributions
during Mr. Bush's two runs for governor, according to the Center for Public
Integrity.

Mr. Lay, who holds a doctorate in economics, says all he wants from
government is a fair shake. Enron supports candidates "you believe in," he
says. "You believe in their value system, you believe in their philosophy and
you believe they'll do the right things as leaders."

But it's clear that Mr. Lay wants more than that from government. For now, he
is focusing on FERC, where he worked in the early 1970s when the agency was
known as the Federal Power Commission. He hopes to make FERC his ally in
beating back the power of utilities. Long dismissed as a regulatory backwater
overseeing wholesale transactions by electric and gas utilities, the
commission has emerged as the chief navigator of the nation's transition to a
fully deregulated energy marketplace.

Even before Mr. Bush took office, FERC had begun to rein in the market power
of utilities. In December, FERC told the nation's utilities that it wanted
them to voluntarily surrender their high-voltage lines -- those that can
dispatch electricity across state lines -- to independent grid operators,
such as those already in place in California and the Northeast, which would
provide open access to the lines. Although it told the utilities to submit
plans for doing so, many of them have been reluctant to relinquish control of
their lines to such independent organizations.

Mr. Lay wants FERC to go further, forcing the utilities to cede direct
control of their lines. He also is seeking rules that would end what he calls
energy "balkanization" and create "seamless" interstate electricity markets.

"Enron is the biggest gas and electric company entirely dependent on the
competitive side of the business," says Andre Meade, an analyst for
Commerzbank. "To the extent deregulation slows down, their business slows
down."

Right now it's a lucrative strategy. Enron typically targets tightly
controlled markets just as they are opening up, using its financial clout and
risk-management savvy to gain a dominant market position. In doing so, it
frequently portrays itself as an insurgent taking on entrenched interests.

In electricity, for instance, Enron buys the output of generating plants,
sometimes days, weeks or years before the power is actually produced. Using
sophisticated weather data, it determines the most lucrative market for the
power, finds a buyer and then arranges delivery via transmission lines owned
by others. It hedges its positions with other contracts. Its wholesale
trading volume climbed 55% for natural gas and more than doubled for
electricity in the first quarter alone. Such growth pushed Enron's wholesale
energy-trading income, before taxes and interest, up more than threefold to
$785 million during the first quarter.

Between 1996 and 2000, Enron's yearly net income nearly doubled to $979
million and its revenue increased almost eightfold to $100.8 billion. Over
the same period, Enron's stock price, adjusted for splits, rose more than
fourfold.

At the start of the Bush administration, FERC's future was very much up for
grabs. Two of the five seats on the commission were vacant, and Enron quickly
sought to fill them with activist Republicans. President Bush named a friend
of his and Enron's to one of those seats: Texas utility-regulator Pat Wood.
Mr. Wood had worked closely with Enron during a six-year effort to open
Texas' retail electricity market. Mr. Wood also had shown the kind of
backbone Enron wanted in a separate fight over telephone deregulation when he
insisted on closely monitoring phone utilities to make sure they opened their
networks to competitors.

Higher Profile
For the second slot, Enron backed Nora Mead Brownell, a Pennsylvania utility
regulator. She had come to Enron's aid in 1997 when she voted to block an
electricity-market restructuring plan backed by Philadelphia's utility and by
GOP Gov. Tom Ridge. Enron argued that the plan would have locked it out of
the Philadelphia market.

Enron worked to raise Ms. Brownell's visibility by lobbying the House
Commerce Committee to include her as an expert witness on energy issues and
as a member of an informal advisory group, say Enron and congressional aides.
Mr. Lay provided heavyweight support. He says Enron included Ms. Brownell's
name on its "priority list" of a half-dozen prospective FERC nominees. And
when her candidacy ran into opposition from Pennsylvania officials with
bitter memories of her 1997 decision, Mr. Lay says he phoned Karl Rove, the
White House's top political strategist, to tell him that "she was a strong
force in getting the right outcome" in Pennsylvania."

A White House spokeswoman says that a number of individuals and industry
groups weighed in favor of Ms. Brownell, but she declined to name any. Ms.
Brownell says she was unaware of any concerted Enron campaign on her behalf.
She didn't ask the White House who had supported her because, she says, "I
didn't want to be beholden."

Meanwhile, Enron was using its Democratic contacts to strengthen its ties
with Linda Breathitt, a Kentucky Democrat on the commission. Earlier this
spring, the company hired two of former Vice President Al Gore's closest
friends as lobbyists: Nashville lawyer Charles Bones and Mr. Gore's
campaign-finance director, Johnny Hayes. Both had come to know Ms. Breathitt
through Democratic politics.

Ms. Breathitt says she wasn't very familiar with Enron's interests, but that
she accepted when Mr. Hayes invited her to dinner at a Washington restaurant
in April to meet Richard Shapiro, Enron's managing director for government
affairs. "Everyone likes to get to know the FERC commissioners," Ms.
Breathitt says, adding that she always pays for her own meals.

Enron has long played this kind of insider's game. Mr. Lay has been friendly
with both Democratic and Republican administrations over the past 25 years,
sharing time on the links with Presidents Bill Clinton and Gerald Ford. He's
been a particularly close friend of the Bush family. In the late 1980s, he
ran then-Vice President George H.W. Bush's fund-raising drives in Texas.
After the younger Bush became governor, he appointed Mr. Lay to run the
influential Governor's Business Council. Mr. Lay also made Enron's fleet of
corporate jets available to the new governor and won his help in lobbying
officials considering Enron projects.

In March 1997, Mr. Lay wrote Gov. Bush to ask that he lobby the Texas
congressional delegation to support export-finance credits critical to Enron,
according to letters released by the Texas State Archivist's office. In April
1997, when Enron was negotiating a $2 billion natural-gas joint venture in
Uzbekistan, Mr. Lay wrote to thank the governor for meeting with the
Uzbekistani ambassador to the U.S. Six months later, another Lay thank-you
note concerned a phone call Mr. Bush made to Pennsylvania Gov. Ridge to
support Enron's plan to enter the Philadelphia electricity market. "I am
certain it will have a positive impact," Mr. Lay wrote.

Mr. Lay says he hasn't sought Mr. Bush's aid directly since Mr. Bush won the
presidency. Last month, he talked with the president briefly at a Houston
benefit for the Barbara Bush Foundation for Family Literacy, on which Mr. Lay
serves as co-chairman. "It's not a matter of us going off hunting or fishing
or sitting around and having drinks," he says.

Not all Mr. Lay's initiatives have been successful. When Mr. Bush reneged in
March on a campaign pledge to fight global warming by requiring reductions in
carbon-dioxide levels produced by burning hydrocarbons, Mr. Lay says he
telephoned Mr. Cheney to complain. "The scientific evidence, although
certainly not conclusive, is pretty compelling that there could be a
climate-change problem," he says he told the vice president. "The
administration should still look very seriously at it."

Around the same time, Mr. Lay also called Mr. Rove, the White House political
adviser, to urge him to talk to Fred Krupp, the head of the moderate
Environmental Defense Fund. Messrs. Krupp and Rove spoke briefly but found
little common ground. Later, Enron, which has plans to add emission credits
to the commodities it trades, joined a coalition urging mandatory reductions
in carbon-dioxide levels.

But Enron saved its main lobbying push for Mr. Cheney's energy task force. In
April, Mr. Lay met with the panel's staff director, Andrew Lundquist, and
later, with Mr. Cheney, whom Mr. Lay had come to know well when the vice
president was chief of Halliburton Co., a Dallas construction company. "We
built Enron Field together," says Mr. Lay, referring to Houston's new
ballpark.

In both meetings, say Enron and White House officials, Mr. Lay presented a
broad agenda for opening up the nation's electrical system and used the
gas-transmission system as a point of comparison. In both cases, he argues,
pipelines and transmission lines should be like the federal highway system
that offers easy access to all.

Finding the Bottlenecks
The Cheney report uses similar language, describing the electrical grid as
"the highway for interstate commerce in electricity." As Enron sought, the
report directs the energy secretary to determine by the end of the year
whether it makes sense to establish a national grid, and to identify
bottlenecks in the transmission system as well as how to remove them. An
effort to make the grid national would enhance FERC's power, as Enron has
urged.

The report is mum on some Enron concerns, such as requiring utilities to join
regional transmission organizations, an idea strongly opposed by the utility
industry. A White House aide says the task force didn't want to get involved
in such battles between industries.

As solid as its support in the White House has turned out to be, Enron is
worried about the backlash against electricity deregulation in Western states
and possibly in New York, should electricity rates surge this summer. Nevada
repealed its deregulation law last month, spooked by the way skyrocketing
wholesale-electricity prices in neighboring California were undermining the
Golden State's economy. California and Oregon are contemplating
state-government purchases of major utility assets.

Enron's biggest fear is that the political pressure will lead the states, or
perhaps Congress, to control prices, which could undermine Enron's business.

In response, Enron has formed a coalition with eight other energy marketers
in New York, who each have pledged $50,000 to pay for a media and lobbying
campaign. It also has hired former Montana Gov. Marc Racicot and dispatched
him to court Western politicians. Two weeks ago, Mr. Racicot had breakfast
with an old colleague, Oregon's Democratic Gov. John Kitzhaber. After the two
chatted about fly-fishing, says Mr. Kitzhaber, "Marc did say he was working
to re-energize the discussion about energy and had some ideas for a framework
the governors might want to consider."

Though Mr. Kitzhaber says he knew that Mr. Racicot had joined the Washington,
D.C., lobbying firm Bracewell & Patterson, Mr. Racicot didn't disclose that
he was on retainer to Enron -- and the star of Enron's Western states
"advocacy team." For his part, Mr. Racicot says he was working "not at
Enron's direction but with their knowledge" to advance positions that he,
too, feels are important.

-- Jeffrey White contributed to this article.

Write to Bob Davis at bob.davis@wsj.com and Rebecca Smith at
rebecca.smith@wsj.com


Start Date: 12/30/01; HourAhead hour: 3;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001123003.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


Tana, Boeing tells me that they have not received the ISDA we promised them.
What insight can you provide me with.  John


Please note, once again, that I am merely the messenger.  I thought you
might like this.

-----Original Message-----
From: J. Greg Coulter [mailto:GCoulter@jsslaw.com]
Sent: Tuesday, January 23, 2001 5:50 PM
To: tcook50112@aol.com; scotthlewis@avaya.com;
paul.pfeffer@bakerbotts.com; rmm@bowwc.com; Bgnolley@conning.com;
cdawes@haleysinagraperez.com; myancey1@home.com; kirmis@hotmail.com;
pfarmer@interconnect.net; jwpcpa@ix.netcom.com; jdt@jchlaw.com; John
Shamblin; vmunoz@lrlaw.com; gmiskovsky@marcusmillichap.com;
Michael.labrie@mcafeetaft.com; Denichilo-law@onebox.com;
vlas@pacbell.net; coulters@qwest.net; hal.looney@sheahomes.com;
gdulaney@yahoo.com
Subject: Fwd: Championship Postcard

This is fun.  I like being #1.

J. Greg Coulter
Jennings, Strouss & Salmon, P.L.C.
Attorneys at Law
Two N. Central Avenue
Phoenix, AZ 85004-2393
Direct Dial:  602.262.5920
Direct Fax:  602.495.2636
E-Mail:  GCoulter@jsslaw.com
Web Site:  www.jsslaw.com

Message-ID: <B6933737.2C2%aharrison@catapultu.com>
From: aharrison@catapultu.com
To: jcwittrock@aol.com, JennyLinn27@aol.com, jason@ryanmechanical.com,
eabarnes4@msn.com, GCoulter@jsslaw.com
Subject: Championship Postcard
Date: Tue, 23 Jan 2001 14:27:19 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01C08597.3B6D5230"

Enjoy!


---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/17/2000
09:35 AM ---------------------------

	From:  Mitch Robinson @ ENRON                           07/17/2000 09:40 AM

To: Kevin M Presto/HOU/ECT@ECT
cc:
Subject: Peaker Failures

Linoln Energy Center
- On 7/5/00, a 75 Mw turbine (GE 7EA GT) incurred a major generator fault
while operating at power, resulting in copper bus melting
- Probable cause is a manufacturing defect by supplier (GE/Brush)
- No indication of operator or Enron error
- Expected return to service is 8/1/00 (generator must be replaced)
- Estimated financial impact on Enron without insurance claim is $1.5 MM
($0.2MM lost capacity payment, $1.3MM energy sales lost opportunity)
- Financial impact on Enron with successful insurance claim is $0.5MM
(insurance deductible)
- Financial impact mitigation steps
 - Generator is being replaced by GE with a unit from the UK (warranty item -
- no cost to Enron)
 - Russian Antonov has been leased to expedite TransAtlantic transfer
 - Enron has contracted with a generation specialist to ensure proper action
by GE
 - Business Interruption insurers were brought in early to increase
probability of a successful claim
 - GE is conducting a Root Cause Analysis

Gleason Power
- On 7/12/00, compressor blade fragments were found in the turbine exhaust of
a 180 Mw gas turbine (Westinghouse 501FD GT)
- Subsequent compressor inspection revealed significant damage to blades and
diaphragms
- Probable cause is a manufacturing defect in one compressor blade
- No indication of operator or Enron error
- Expected return to service is 7/24/00
- Estimated financial impact on Enron without insurance claim is $2.5 MM due
to lost energy sales opportunity
- Financial impact on Enron with successful insurance claim is $0.5MM
(insurance deductible)
- Financial impact mitigation steps
 - Complete compressor inspection is being conducted by Siemens Westinghouse
 - Damaged blades and diaphragms are being replaced by Siemens Westinghouse
(warranty item - no cost to Enron)
 - Enron has contracted with a compressor specialist to ensure proper action
by Siemens Westinghouse
 - Business Interruption insurers have been informed to increase probability
of a successful claim
 - Siemens Westinghouse will conduct a Root Cause Analysis


Tana,
  I work with Jana Morse and our group is in charge of Australia.
We have copies of Aussie ISDAs, which ones do you need??
And, what other additional info is required??

Thanks,
Janie

---------------------- Forwarded by Juana Fayett/Corp/Enron on 10/19/2000
10:24 AM ---------------------------

 (Embedded
 image moved
 to file:      From:  Anthony Campos @ ECT
 pic11478.pcx) 10/19/2000 10:15 AM

To:   Jana Morse/Corp/Enron@Enron, Juana Fayett/Corp/Enron@Enron
cc:   Matthew Allan/LON/ECT@ECT

Subject:  Enron Australia Masters

FYI
---------------------- Forwarded by Anthony Campos/HOU/ECT on 10/19/2000
10:13 AM ---------------------------

From: Tana Jones on 10/19/2000 10:02 AM

To:   Anthony Campos/HOU/ECT@ECT
cc:
Subject:  Enron Australia Masters

The Australia office gave me a list of their masters and I have entered
them into the database.  We still don't have copies.  Further, I don't know
more than if it's executed and the date.   They need to flesh out the
additional information that is required.

 - pic11478.pcx


Good morning Mr. Parsons:

The Enron Corp. Research Dept. would like to conduct a telephone
interview with you at your convenience.

The interviewers would be:

Vince Kaminski   Managing Director
P. V. Krishnarao   Director
Osman Sezgen   Manager

Please give me some dates and times either this week or July 5, 6 & 7
of next week that you would be available and I will coordinate the
calendars.

Look forward to hearing from you.

Regards,

Shirley Crenshaw
Administrative Coordinator
Enron Corp. Research
713/853-5290
email:  Shirley.Crenshaw@enron.com


Are you online?  MSN shows you not logged in.  BTW, my car is ready.  I will pick it up tonight.  It was the starter.  $550 (includes a new battery).

FYI, ILY, K.

PS.  I will keep you posted on the ferry poll.  I still vote for arriving in Lucca earlier in the day, only because if we don't arrive untill evening, then we will spend the whole next day in Lucca instead of getting to Florence.  I'm trying to keep us (you and me) whole for 2 - 2.5 shopping days in Florence before heading to Rome.

K.

-----Original Message-----
From: John Watson [mailto:john.watson@pdq.net]
Sent: Tuesday, August 28, 2001 4:52 PM
To: Watson, Kimberly; janell_dye@hotmail.com; dennis_dye@hotmail.com;
paul.donnelly@bakeratlas.com
Subject: RE: Italy car and ferry

Option 1 -Palermo to Naples (11 hrs) vs. Option 2 - Palermo to Livorno (18
hrs):

Option 1 - Afternoon in Sicily, early dinner, 2000 departure from Palermo,
0700 arrival in Naples, followed by a 6-hour drive to Lucca (arrive around
1300, assuming no stops).

Option 2 - Afternoon and evening in Sicily, normal dinner, 2300 departure
from Palermo, 1700 arrival in Livorno, followed by a 1-hour drive to Lucca.

Remember that these ferries have shopping and dining and other stuff.  If
the cost difference isn't much (Dee told me she's getting an exact cost from
the ferry companies), I vote for the longer ferry ride arriving closer to
our final destination.

John

-----Original Message-----
From: Watson, Kimberly [mailto:Kimberly.Watson@ENRON.com]
Sent: Tuesday, August 28, 2001 4:23 PM
To: janell_dye@hotmail.com; dennis_dye@hotmail.com;
paul.donnelly@bakeratlas.com; john.watson@pdq.net
Subject: FW: Italy car and ferry

J, D, P and J,

Here is a previous email from the travel agency regarding car and ferry
info.  I have asked Dee to book the overnight ferry from Palermo to
Naples.  I believe that we still have a 6 hour drive to Lucca, but that
will put us there sooner than the overnight ferry to Livorno with a 2
hour drive.  She is also confirming the car and rate for us (approx $742
for each car).

FYI, I have received a few more faxes from available Rome Hotels, but
none of them have a better location that what we have booked and a few
of them were even more expensive than what we have booked.  Janell is on
the hunt for a Florence hotel.  I will prepare faxes in mass for
Florence tonight and send them out tomorrow.

Dorothy called me yesterday and wanted to know how our plans are coming.
She and Tom are very sad that they will not be able to join us.  I told
her we will drink for them everyday and have them in our thoughts.  She
is doing well and hopes to return to the office in about three weeks on
a part time basis.

Also, John and I are confirmed in a Rome hotel for the 11th-13th which
is only about 5 blocks from the train station where we will return the
cars.  We can put everyone's luggage in our room when we return to Rome
and have a nice dinner before you guys taxi to the airport to return
home.

I will keep you posted as we hear more.

Thanks, Kim.

-----Original Message-----
From: Dee Espinoza [mailto:dee.espinoza@travelpark.com]
Sent: Tuesday, August 14, 2001 4:25 PM
To: 'kim.watson@enron.com'
Subject: Italy car and ferry

I have 2 Alamo full size 4 dr/5 passenger  cars reserved for you. We do
not
have to prepay. The all-inclusive
rate is 1,617250. ITL (approx 742.00) for the 12 days. This includes
collision and theft insurance, taxes and
unlimited mileage. I think that this is very good. 1 car booked under
John
Watson and 1 under Dennis Dye.
They are manuals.

The ferry from Palermo to Naples is daily, departing at 800pm, arriving
700am. It looks as though the vehicles will cost between 111,600 and
134,600
each. The passengers in a double outside cabin are 96,500 to 111,500. )
I
believe, per passenger.

The ferry from Palermo to Livorno departs at 1100pm and arrives the next
day
about 5pm. The double outside suite is
240,000. The coach seat is 120,000. Each car is 175,000 to 205,000. I
need
to verify if the cabin rate includes the
passenger fee.

I had found a ferry to Salerno, but it only operates 1 day a week, not
the
day you need.
I'll get back to you.

Dee

Dee Espinoza
Travel Agency in the Park
1221 Lamar, ste 718
Houston, Tx 77010
713-860-1176 - direct line
713-650-7022 - 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.
**********************************************************************


Tana:
Can you tell me if any of the more recent ETA amendment letters that we have
sent out for execution refer to the new termination number?  My recollection
is that maybe only 1 or 2 did.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/12/2000 11:51 AM -----

	David Forster@ENRON
	06/12/2000 09:23 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Terminations number

Carol,

It looks like we may have to change the Houston terminations phone number.
Can you tell me how many customers will be affected?

I will forward a new number once known (probably later this week). Will Tana
be handling the change notification?

Dave


Shelley,

Sheila Nacey called me today and gave me the details of your request for ENA data.  I have an appointment this afternoon and will be taking a half day of vacation - do you need for me to stay and finish this for you?  Otherwise, I will finish on Tuesday.  Please let me know.  nb


Vance,

Deal # 420022 has been created and entered in Sitara.

Bob

Vance L Taylor
09/28/2000 02:09 PM
To: Julie Meyers/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT
Subject: Re: October Wellhead

Bob,

Please create and enter into sitara a ticket based on the following
information:

Counterparty    Meter   Volume   Price    Period

Heatherloch Municipal Utility District 6879   500mmbtu/d   100% IF/HSC less
$0.12  10/1 - 10/31

Julie Meyers
09/28/2000 10:52 AM

Daren J Farmer
09/28/2000 07:41 AM