David:
I will try my best to meet but I need to devote as much attention as possible
next week to the other projects that need my attention before I leave.  I
will contact you next week.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	David P Dupre
	07/07/2000 03:06 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re:

If you look at the stc(sent to c-party)-dcaf tab, you will notice that the
numbers are decreasing due to amendments
being signed by counterparties for negative confirmations.

Once we move forward with the new financial spreadsheet, I'm confident that
we will see the financial
numbers decrease as well.

I'd like to meet once before you leave if possible to wrap-up our discussions
on a few critical counterparties
which were close to an agreement with us including Morgan Stanley (who were
not signing confirms and were
sending back there own form of confirmation which wasn't allowed)

Thank you,
David

   Carol St Clair                07/07/2000 02:48 PM

To: David P Dupre/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT
Subject: Re: new format

David:
Thanks for sending this to me.  Since I will be hear through next Friday at
the latest, I would ask that once this chart has been completed that you
contact Mark Taylor to see who from our group will take this project over
while I am out.  Thanks.
Carol

	David P Dupre
	07/07/2000 02:27 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: new format

Hi,
Jeff asked me to forward the new report to you.

Here is the format of the new report and a brief description of each tab:

1. formerage-Willie's prior aging schedule. Do we want to see this for each
c/p? I think it would be helpful
2. aging-Current aging schedule by year
3. STC-Dcaf-Current physical STC information from Dcaf
4. STC-Tagg-Current physical STC information from tagg
5. financial-Current and new format. If you move the lower bar to the right
of the gray boxes, you will see the new columns
     which we've discussed.

I completed the master agreement column from the Lotus Notes database;

We are currently waiting on credit for the exposure information and their
assessment (e.g. 'credit concern', 'good credit', etc.);

Tagg is able to provide term information for each counterparty, but since it
is a time-intensive process, Ron Nolte is looking
into adding a button in tagg that will allow this and/or create a special
customized ongoing report;

I am in the process of completing the remaining two columns (i.e. do they
sign confirms?, if they don't, reasons why?)

Overall, I think that this new format, including my proposed aging schedule,
will be a valuable 'tool' for all involved in our
follow-up work.

Thanks
David

   Carol St Clair                07/06/2000 11:05 AM

To: David P Dupre/HOU/ECT@ECT
cc:
Subject: Re: Project

David:
Please keep in mind that we are not basing our decision on which
counterparties to contact solely based on exposure and credit concern
information, but rather based on all of the categories that Mark Taylor and I
have asked you to compile with respect to each counterparty so I don't want
the exposure numbers to be limited to any particular type of counterparty.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	David P Dupre
	07/06/2000 10:28 AM

		 To: Veronica Espinoza/Corp/Enron@ENRON, Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Project

Hi,
I don't know how this was settled between Carol and Russell, and  I don't
understand why Russell would not
want to provide this exposure information to us.

As we discussed earlier last month, I think it would be good to select a
date, let's say July 5th in this case, and then go forward.

I like your idea of identifying whether the c/p is a 'credit concern' or a
'good credit', perhaps this could be listed in the 'status' column
on the following spreadsheet.

I have attached a list of updated counterparty names.

Thanks
David
---------------------- Forwarded by David P Dupre/HOU/ECT on 07/06/2000 10:09
AM ---------------------------
To: David P Dupre/HOU/ECT@ECT
cc: Russell Diamond/HOU/ECT@ECT
Subject: Re: Project

How did things get settled between Carol and Russell?   Looking over the
spreadsheet itself, I would be able to tell you right off which
counterparties we consider "Credit Concerns", where you would then prioritize
on your end.  Even though some counterparties may high high exposures, we
consider them to be "Good Credits" (for example Duke).  Once again, financial
exposures vary (sometimes very significantly) from one day to the next.
Therefore the totals you'll have for current exposures will not be validated
for more than a week, at the max.

Let me know how you want to go about this.  I think if I highlight which
counterparties we feel you should look into, this would go a lot faster.

Regards--VE


fyi
----- Forwarded by Sara Shackleton/HOU/ECT on 12/13/2000 10:27 AM -----

	Theresa T Brogan
	12/13/2000 10:18 AM

		 To: Jason Seigal/LON/ECT@ECT
		 cc: Justin Boyd/LON/ECT@ECT, Donna Lowry/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
		 Subject: Account set-up with Morgan Stanley

Jason,
 Below are the documents that need to be prepared by Enron Networks and
forwarded to us so we can send them to the prime broker for set up of your
account.

1. Prime Broker Agreement ( Request from Prime Broker)
2. Limited Partnership Agreement/ Corporate Resolution
3. Form W-9
4. Trading Authorization
5. Authorization to Transfer Funds

I have attached the Form W-9.  The rest of the documents need to be
coordinated with Sara Shackleton, ENA legal because Enron already has a
template for the rest.  Enron typically does not fill out the documents sent
by the primebroker but prepare ones that they have created themselves which
capture that same requirement.  Also before any trade is executed procedures
outlined on the document I sent earlier must be followed.  You must be
cleared by Donna Lowry in Compliance with regards to insider information and
a signed DASH must be provided to the Equity Trading group before they can
execute on your behalf.

Thanks,
Theresa


I don't have it.

 -----Original Message-----
From: 	Spencer, Becky
Sent:	Friday, August 24, 2001 11:09 AM
To:	Bailey, Susan; Boyd, Samantha; Cook, Mary; Gonzalez, Esmeralda; Greenberg, Mark; Heard, Marie; Hendry, Brent; Jones, Tana; Keiser, Holly; Koehler, Anne C.; Leite, Francisco Pinto; Nelson, Cheryl; Panus, Stephanie; Sayre, Frank; Shackleton, Sara; Spencer, Becky; St. Clair, Carol; Taylor, Mark E (Legal)
Subject:	Missing File

Does anyone have the executed master with Societe Generale?  Please give to Brent Hendry.  Thank you!


Start Date: 4/18/01; HourAhead hour: 13;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041813.txt


Preschedule had a heck-u-va day on Friday.  Due to many problems, some of our tags were not completed until after the 3pm preschedule deadline.  Apparently, some of our counterparties automatically deny late tags, though they may be corrections of tags made prior to the deadline.  In any case, we have a list of tags that have been submitted as real-time tags and the schedules should be treated such.  The tags and paths are as follows:

25869:    DELAYED TAG NEEDS SUBMITTED NO LATER THAN AN HOUR BEFORE SCHEDULE FLOWS.  10MW  HE23-34 ON 07/01:  PSCO(G)WSYS-PSCO(T)WSYS/CRAIG#GF-DESERRET(T)CRAIG/BONANZA#4869,mnf-DESERRET(T)BONANZA/MONA#4869mnf-PAC(T)MONA/REDBUTTE#133871f-NEVP(T)REDBUTTE/MEAD#1022243mnf-PSCO-EPMI-APS(T)MEAD/PV#22937-EMPI-APS(T)MEAD/WW/PV #22936F-EPMI-PACE-CISO(T)PV/MALIN-PACE(T)MAL/PACE SYS-PACE

25872:  DELAYED TAG NEEDS SUBMITTED NO LATER THAN AN HOUR BEFORE SCHEDULE FLOWS.   10MW HE7-22 IN 07/01:  PSCO(G)WSYS-PSCO(T)WSYS/CRAIG#GF-DESERET(T)CRAIG/BONANZA#4869,mnf-DESERET(T)BONANZA/MONA#4869mnf-PAC(T)MONA/REDBUTTE#133871f-NEVP(T)REDBUTTE/MEAD#1022243mnf-PSCO-EPMI-APS(T)MEAD/WW/PV #22936F-EPMI-SRP-SRP(T)PV/KYRENE#GF-SRP

25873:  DELAYED TAG NEEDS SUBMITTED NO LATER THAN AN HOUR BEFORE SCHEDULE FLOWS.   15MW  HE7-22 IN 07/01:  PSCO(G)WSYS-PSCO(T)WSYS/CRAIG#GF-DESERET(T)CRAIG/BONANZA#4869,mnf-DESERET(T)BONANZA/MONA#4869mnf-PAC(T)MONA/REDBUTTE#133871f-NEVP(T)REDBUTTE/MEAD#1022243mnf-PSCO-EPMI-APS(T)MEAD/WW/PV #22936F-EPMI-PNM-EPE(T)PV/WW-SRP(T)WW/MEAD-NEVP(MEAD)

25823:  25MW HE7-22 ON 07/01:  DGT(MONA)-AEP-PSCO-EPMI-PAC(T)MONA/REDBUTTE-NEVP(T)REDBUTTE/MEAD-NEVP

25824:  15MW  HE1-6 ON 07/01:  DGT(MONA)-AEP-PSCO-EPMI-PAC(T)MONA/REDBUTTE-NEVP(T)REDBUTTE/MEAD-CRC(MEAD)

25825:  10MW  HE1-6 ON 07/01:  DGT(MONA)-AEP-PSCO-EPMI-PAC(T)MONA/REDBUTTE-NEVP(T)REDBUTTE/MEAD-CRC(MEAD)

25870:     DELAYED TAG NEEDS SUBMITTED NO LATER THAN AN HOUR BEFORE SCHEDULE FLOWS.   10MW  HE23-34 ON 07/02:  PSCO(G)WSYS-PSCO(T)WSYS/CRAIG#GF-DESERRET(T)CRAIG/BONANZA#4869,mnf-DESERRET(T)BONANZA/MONA#4869mnf-PAC(T)MONA/REDBUTTE#133871f-NEVP(T)REDBUTTE/MEAD#1022243mnf-PSCO-EPMI-APS(T)MEAD/PV#22937-EMPI-APS(T)MEAD/WW/PV #22936F-EPMI-PACE-CISO(T)PV/MALIN-PACE(T)MAL/PACE SYS-PACE

Thanks, Donald.

PS.  Lisa will be adding to this list with a following note.


is this info being disseminated to the traders?  Is it on the web page?

 -----Original Message-----
From: 	Roberts, Mike A.
Sent:	Wednesday, October 17, 2001 7:22 AM
To:	Kaminski, Vince J
Cc:	Sherriff, John; Fraser, Jennifer; Shankman, Jeffrey A.; Marquez, Jose; Bennett, Steve; Stevens, Adam
Subject:	FW: Cities and my part of summary are done...

Just FYI re: the global wind and seas report

 -----Original Message-----
From: 	Bennett, Steve
Sent:	Wednesday, October 17, 2001 4:43 AM
To:	Roberts, Mike A.
Subject:	FW: Cities and my part of summary are done...

 -----Original Message-----
From: 	Hamilton, Tony
Sent:	Wednesday, October 17, 2001 3:39 AM
To:	Bennett, Steve
Subject:	Cities and my part of summary are done...

Morning Steve

Another Home Run!

Novorossiysk on Black Sea closed last night and this morning due to high winds - we started forecasting this last Friday!

Tony


----- Forwarded by Tana Jones/HOU/ECT on 08/02/2000 09:07 AM -----

	Bradley Diebner
	08/01/2000 05:27 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL Credit Responses 07/31/00

The EOL approvals are attached below.

---------------------- Forwarded by Bradley Diebner/HOU/ECT on 08/01/2000
05:25 PM ---------------------------


Greg:
Thanks for the quick and candid response.  I appreciate it!

	Jim

 -----Original Message-----
From: 	Whalley, Greg
Sent:	Thursday, November 15, 2001 2:11 PM
To:	Schwieger, Jim
Subject:	RE: Fastow Rumor

I would have to check to speak definitively on any clauses in his contract, but I don't believe there was a change of control provision.  I don't know of anyone other than Ken who has one.  There was some argument regarding andy's contract and payments that might be due under involuntary termination, but at this time we are not paying anything.  Andy was put on a leave of absence, and subsequently resigned.  We are still investigating the related party transactions.  Hope this helps.

 -----Original Message-----
From: 	Schwieger, Jim
Sent:	Thursday, November 15, 2001 11:27 AM
To:	Whalley, Greg
Cc:	Schwieger, Jim
Subject:	Fastow Rumor

Greg:

A rumor is going around that Andy Fastow's employment contract had language that would allow him to be paid $9,000,000 or some amount if a change of control of the corporation occurred.  Several questions come to mind related to this issue that I would appreciate your response:
	1)  Please confirm the existence of such a clause or similar clause in Mr. Fastow's contract that would allow him a claim of additional money from an Enron entity.
	2)  If such a clause does exist what is Enron's intent as far as payment or litigation?
	3)  What other Enron employee's have such clauses that would allow them to benefit from the merger?

Your clarification of the above questions would be appreciated!

	Thanks, Jim


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/07/2001
04:36 PM ---------------------------
To: Harry Bucalo/HOU/ECT@ECT, Bill Kyle/NA/Enron@Enron, Adriane
Moratto/NA/Enron@Enron, Teresa Mandola/Corp/Enron@Enron, Lisa
Gillette/HOU/ECT@ECT, Beth Cowan/NA/Enron@Enron, Matthew Lenhart/HOU/ECT@ECT
cc:

Subject: Fw: Security Alert

Due to the high number of attacks on women in secluded parking lots the
city of Melbourne, Australia opened the world's first all female parking lot.
Even the attendants and security staff working the lot are all female in
a further effort to create a comfortable and safe atmosphere.
Attached is a picture of this one and only parking lot.

 - Carpark.jpg


quit ignoring me!


Mike Swerzbin:
deal 521620
Prebon does not recognize

Mike Swerzbin:
I am missing a sell to Sierra Pacific 50 mw  Q2 Palo Verde  off-peak at $125


Jennifer Radtke
3821 Nevil St
Oakland, CA 94601
jennifer@usenix.org

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

I just have to ask: how can you sleep at night after what you've done?

Sincerely,

Jennifer Radtke


Who called it a new business?

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Monday, July 02, 2001 1:11 PM
To:	Aucoin, Berney C.; Presto, Kevin M.
Subject:	FW: Meeting

Berney -

I would have Jim Wood attend as well while we are at it.  Bernstein's group needs to go through all of the channels a marketing deal goes through such as Product Development/Underwriting, etc.

I am still wondering though how supply purchases fits in with "New Businesses".

RH
 -----Original Message-----
From: 	Bernstein, Mark
Sent:	Monday, July 02, 2001 1:04 PM
To:	Aucoin, Berney C.
Cc:	Herndon, Rogers; Ader, Jeff
Subject:	Re: Meeting

Berney,

Good idea. I suggest we also invite Sean Holmes as one of the things we should discuss is how we price the backlog of deals in the pipeline given everyone's limited resources.

thanks,

Mark
3-7516

p.s. Ader is out tomorrow

From:	Berney C Aucoin/ENRON@enronXgate on 07/02/2001 12:07 PM
To:	Mark Bernstein/HOU/EES@EES
cc:
Subject:	Meeting

Mark

Rogers has asked me to coordinate a meeting for tomorrow (3:00 pm) with yourself, Jeff Ader, Rogers, Presto. Let me know your availability and we can firm up location.

Thx

Berney


Do you have your HROnline password?  Do you use it?

	Kay Mann@ENRON
	05/25/2001 09:24 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: invoices

When I was at the site it said that it had sent a new password to me at
kay.mann@enron.com.  Didn't get here.  I give up.

From: Suzanne Adams@ECT on 05/25/2001 09:21 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: invoices

Did they actually change it.  If not try your birthyear and then your birthday

19550805 for example.  My birthday is 8/5/55

	Kay Mann@ENRON
	05/25/2001 08:56 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: invoices

never received a pass word.


Per Mary Clark x37325


Following this morning's meeting, we have agreed to have a fifteen minute conference call on a Thursday morning to give a quick update of issues.  Chris Calger will ensure a list of progress is circulated prior to the two calls.

For those of you cc:d on this.  Please feel free to join any of the calls to catch up on progress we are making with getting contracts in place.

Liz Taylor will redistribute the conference call numbers for Tuesday and Thursday.

Thanks

Louise


yes, confirming receipt

Leah Van Arsdall@ENRON
10/18/2000 09:37 AM
To: approval.eol.gas.traders@enron.com
cc:
Subject: test

This is a test for erequest.  Please let me know if you get this.

Thanks!
Leah
IRM


Lets make sure what Durango is going to say, but I am inclined to call their
bluff and proceed to trial. Lets see what Steve Schneider has to say

	Bonnie White@ENRON
	07/06/2000 07:07 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Lisa Robichaux/Corp/Enron@ENRON, Eileen Kisluk/Corp/Enron@ENRON
		 Subject: aj collins versus houston pipeline

Richard,

I am forwarding an e-mail that I received today from Durango Petroleum re the
Collins matter in Hardin County.  I spoke with the company president today.
He believes that they do not have any exposure but would like to settle the
matter as they believe it will cost them more than $5000 to hire counsel to
defend it.  I told him that I did not believe that HPL would be inclined to
pay $5000 to settle the case, but that I would pass along his request.  I am
concerned about his statement in the letter re having given HPL notice over a
year ago to remove the pipe/valve.  I asked him if he had any correspondence
or other evidence of that .  He will check and get back to us.  Lisa
Robichaux will determine whether our right of way group has anything in its
file placing us on notice that we no longer had the right to be on the land.
If we received notice and ignored it, we may want to consider contributing to
a settlement since they would have at least some evidence to attempt to prove
intentional trespass.  However, I still believe that Collins will have a
difficult time proving any actual damages.  We need to be cautious about not
getting into a situation in which Durango/IP Petroleum would end up helping
Collins to prove his case.

Eileen Kisluk will be working on this matter in my absence over the next two
weeks.  We just received notice that the case was set for trial on August
17.  Plaintiff had not done any discovery before setting it for trial.  He
sent out requests for disclosure and a few interrogatories/requests for
production along with the notice of trial setting.  Lisa Robichaux will work
with John Towles in Right of Way to gather the information.  We also intend
to send out a notice of deposition of Collins for the week I return
(July24).  In the meantime, if you agree, I intend to file a motion for
continuance since Durango would like one, Collins did not give us notice of
his request for trial setting and I will be out due to wedding/honeymoon.
However, we will be prepared to go forward in the event that it is not
granted.  I will be in the office until approximately noon tomorrow if you
have any questions.  Thanks.

Bonnie

----- Forwarded by Bonnie White/Corp/Enron on 07/06/2000 06:52 PM -----

	"rjsabre" <rjsabre@wf.net>
	07/05/2000 04:50 PM
	Please respond to "rjsabre"

		 To: <bwhite2@enron.com>
		 cc:
		 Subject: aj collins versus houston pipeline

dear mrs. white:
?
this firm is named as a defendent with enron in referenced  cause.? please
read the attached letter and call or email me at your  earliest convenience.?
ron jackson
?
phone number 940-696-8077 ext 12.
?
ps...letter is in microsoft word format.? if you are  unable to open it
please advise and i will fax it to  you.
 - collins.doc


Attached is the transcript of Tuesday's hearing before Judge Moreno, which we
received this morning.  The Court's comments deferring to the FERC proceeding
are at pages 4 and 34-35 of the transcript.

 - 02200102.txt


The report named: East VaR Estimate <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=27&report_name=East+VaR+Estimate&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/18/2001>, published as of 10/18/2001 is now available for viewing on the website.


It worked.  Thanks.

Daren J Farmer@ECT
02/15/2001 02:08 PM
To: Megan Parker/Corp/Enron@ENRON
cc:

Subject: Re: PanEnergy 9/00

I changed the demand to a negative value.  I don't know if this will work or
not.  If it does not work, I can put the demand on the sale ticket.

D

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           02/15/2001 01:55 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: PanEnergy 9/00

Can you make it negative?  We need to reduce our payment.

Daren J Farmer@ECT
02/15/2001 01:40 PM
To: Megan Parker/Corp/Enron@ENRON
cc:

Subject: Re: PanEnergy 9/00

Done.

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           02/15/2001 01:09 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: PanEnergy 9/00

I finally heard back from Duke regarding Sept 2000.  They agree with our
spreadsheet, so I need a demand fee to adjust the price in Sitara.

Deal 157288 - demand fee of ($8,745.69)

Thanks,
Megan


Mark -- attached is the revised Posting Agreement.  Andy and Louise are
catching an early flight tomorrow, so it won't do any good to e-mail this to
them.  Andy said he would be happy if you would just forward it on to S&C in
preparation for the meeting.

This is still pretty rough, but I guess it isn't bad for a working draft.  I
hope that the drafting session is helpful, and again, I'm happy to sit in on
it (although I don't think any of us would get that much out of it if I were
to do that).

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Just a reminder that when entering a wheel, the Interchange ID must be the
same for the import and export.  When the Import is labeled as "EPMI_CISO_**"
and the Export as "CISO_EPMI_**," the ISO views these as unique imports and
exports.  They will not be linked together for a wheel, thus causing
ancillary services charges to occur.

Thank you!


---------------------- Forwarded by John Arnold/HOU/ECT on 03/08/2001 09:46
AM ---------------------------
From: Ann M Schmidt@ENRON on 03/08/2001 08:11 AM
To: Ann M Schmidt/Corp/Enron@ENRON
cc:  (bcc: John Arnold/HOU/ECT)
Subject: Enron Mentions

Family Holding
Forbes, 03/19/01

The New Forecast For Meteorologists: It's Raining Job Offers --- Energy
Trading Firms Snap Up Grads of an Inexact Science; No Blow-Dryer? No Problem
The Wall Street Journal, 03/08/01

ENRON PROVIDES TRADING SERVICES TO MANX ELECTRICITY UNDER NETA
CRL, 03/08/01

Energy Trading Companies Pay Big for Weather Talent, WSJ Says
Bloomberg, 03/08/01

ENRON FAILS TO ATTRACT BIDS FOR 30 PCT STAKE IN INDIAN OIL FIELD
Asia Pulse, 03/07/01

SINGAPORE: PetroChina plans five gas, products lines by 2005.
Reuters English News Service, 03/07/01

Companies People Ideas
Family Holding
BY Phyllis Berman

03/19/2001
Forbes
102
Copyright 2001 Forbes Inc.

Lemuel Green, a flour mill owner, took the excess power from the water-turned
generator at his mill in 1908 and sold it between dusk and midnight to
anybody in Alton, Kan. who knew what to do with it. Soon he quit the milling
business and started stringing transmission lines across the western part of
the state. Before his death in 1930 he had built a utility that lit 56 Kansas
communities.
Kansas City's UtiliCorp United is perhaps the only fourth-generation
family-controlled electric utility in the country. Today the outfit, once
called Missouri Public Service, is headed by Lemuel Green's two
great-grandsons.
Richard Green, 46, took over as chief executive in 1985, three years after
his father's death. At the time Missouri Public Service served 200,000
customers in two states and had $245 million in revenues. Richard's brother
Robert, now 39, joined him three years later.
Standing pat was not an option. Deregulation was in the air, and the rules
were changing. The brothers remade the company. They spent $4 billion buying
utilities in other parts of the U.S., Canada, Australia and New Zealand.
UtiliCorp now serves 4 million customers in seven states and four countries.
More important, they veered off into other parts of the energy business. In
1986 they acquired gas properties from Peoples Natural Gas of Omaha and got a
two-person gas-trading operation as part of the deal. That little trading
operation, now a subsidiary called Aquila, turned into something almost as
valuable as all the rest of the company, with its 4,500 megawatts of power
generated in some 22 power plants around the country.
"My brother and I received strong advice that we would never be able to be
competitive in this business," says Bob Green. Oh, yeah? Aquila has 1,100
employees and competes with the likes of Duke, Dynegy and Enron. According to
Natural Gas Week, Aquila was the fourth-largest power-and-gas marketer in the
country last year. Aquila trades a host of other products as well-everything
from weather-condition hedges to bandwidth.
Problem: Trading operations require capital just as power plants do. The
solution, until now, has been what brother Bob calls "our 'asset lite'
strategy. We want to control the capacity, not own it." So Aquila may provide
the gas to power a so-called merchant plant, one that produces electricity to
sell in the market, in return for a claim on its production. But so far
Aquila has not been a big player in the most profitable parts of the
business-taking on big risk in larger transactions, the way Enron and Dynegy
do.
What to do? In mid-December UtiliCorp announced that it would offer 19.9% of
Aquila to the public, raising capital while creating a market value for its
trading operation, just as competitors Constellation Energy and Southern
Company are doing. The hope is that the new entity will garner a multiple of
20 to 45 times earnings. Then, if all were to go as planned, UtiliCorp would
spin off the rest of the operation in a tax-free distribution.
The timing looks good. Aquila has no material exposure in the California
market. Furthermore, the volatility in that market has been a bonanza for
many firms that trade power, including Aquila. Its trading subsidiary is the
reason UtiliCorp's earnings were up 28% last year, to $206 million, on $29
billion in sales. UtiliCorp's shares doubled in the past year to $30.
But will the California crisis nonetheless poison the market for an Aquila
stock offering? It might. And UtiliCorp cannot afford to hold its breath in
the capital markets forever. Even with its "asset-lite" strategy, the company
is far more leveraged than most utilities, with debt at 56% of capital,
versus the 50% norm for electric utilities. The offering is supposed to raise
$425 million or so that could be used to pay down a bit of the parent's $2.9
billion in debt.
If Bob Green is walking a financial tightrope, you could never tell it by
talking to him. "We see this company as our heritage," he says confidently.
This despite the fact that after seven equity offerings the family's share of
UtiliCorp is now 4%, down from 15% when Richard took over.
Might the Greens lose their heirloom in a takeover battle? They might, but
they might come out ahead anyway. Look at the family history. Lemuel sold
some of his utility assets for $6.6 million in 1927 and diversified into
California orange groves. The assets were resold to Samuel Insull, the
midwestern electricity magnate who came to a bad end when his pyramid of
holding companies collapsed during the Depression. Years later, after
Congress reacted with a law that busted up multistate electric utilities, Bob
and Rick's grandfather bought back Lemuel Green's utility properties for a
song.

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

The New Forecast For Meteorologists: It's Raining Job Offers --- Energy
Trading Firms Snap Up Grads of an Inexact Science; No Blow-Dryer? No Problem
By Chip Cummins
Staff Reporter of The Wall Street Journal

03/08/2001
The Wall Street Journal
A1
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Two years ago, Bradley Hoggatt was heading for an academic career in
meteorology, intent on discovering more about how hurricanes form. But just
before he started working on a doctorate, a very different opportunity blew
in.
Now Mr. Hoggatt forecasts weather for a floor full of M.B.A.s who trade
billions of dollars in weather-sensitive energy commodities such as natural
gas and electricity for Aquila Inc., the trading subsidiary of a big Midwest
utility.
With no business background himself, Mr. Hoggatt is also trading complex
financial contracts based on his predictions. "I'm putting my money where my
mouth is," says the tall, square-shouldered 28-year-old.
Weathermen and women have become a hot commodity in the exploding
energy-trading business. While off-target forecasts on television may
frustrate parents and schools and embarrass politicians, as they did this
week on the East Coast, they can lose bundles for electricity and natural-gas
traders. So as trading has boomed, so has demand for trained meteorologists,
a profession that traditionally hasn't paid all that well and is often the
butt of jokes.
From Wall Street to Houston's Louisiana Street, where many energy companies
have set up shop, recent graduates are earning twice what they would earn at
the National Weather Service or in academia. "The appetite for weather is
insatiable," says James L. Gooding, director of meteorology at Duke Energy
Corp. A former NASA scientist, Dr. Gooding will be adding a fourth forecaster
to his Houston team in the next year.
Enron Corp., an energy-trading giant based in Houston, has more than doubled
its staff of weather forecasters to nine in the past three years, plucking
talent from places like the Weather Channel. Williams Cos., a Tulsa, Okla.,
competitor, is endowing university fellowships to lure meteorology students.
And since 1999, Aquila, which is owned by UtiliCorp United Inc., of Kansas
City, Mo., has hired two other meteorologists from Mr. Hoggatt's alma mater,
the University of Wisconsin, plus another scientist with a Ph.D. in
climatology.
That hiring paid off a bit during this week's winter storm in the Northeast.
While many on the East Coast were getting miscues from TV weathermen on a
pending, possibly historic blizzard that fizzled in New York and other
cities, traders at Aquila simply looked to Mr. Hoggatt.
Last Friday, Scott Macrorie, an electricity trader for the Mid-Atlantic
region at Aquila, stopped by to see how the storm was progressing. Mr.
Hoggatt's team told him temperatures in his region of interest would be lower
because of the storm, though the snowfall forecast on TV seemed a little
high. Sure enough, temperatures fell and snowfall in many cities was less
than predicted, lifting electricity prices and making Mr. Macrorie a profit
that he says was in the tens of thousands of dollars.
About 500 university students in the U.S. graduate each year with bachelor's
degrees in meteorology, according to the American Meteorological Society. An
additional 300 or so graduate with masters degrees or doctorates. Until just
a few years ago, those graduates didn't typically have many options: TV for
those who had the blow-dried look, back-office jobs with the government or a
handful of private consultants for those who didn't. Research was an option.
And some airlines and utilities kept a few meteorologists on staff to help
position airplanes or power-line repair trucks during storms.
Now, deep-pocketed trading companies are offering many meteorologists with
graduate degrees salaries ranging from $60,000 to $90,000. Performance and
trading bonuses can double or even triple the figure. That compares with the
roughly $33,000 the National Weather Service pays a junior forecaster with a
graduate degree.
"It's a bit unusual for meteorologists to have the prospect of lucrative
employment after graduation," says John Nielsen-Gammon, a professor of
atmospheric sciences at Texas A&M University. "This is a bit of a switch."
So far, there has been no dearth of meteorological talent available, partly
because the National Weather Service wrapped up a big expansion project in
the mid-1990s and slowed hiring. It hires only to replace people who leave,
about 30 to 50 meteorologists a year.
And the high-pressure world of billion-dollar commodity bets isn't for
everyone. When Carl Altoe graduated from Penn State, one of the nation's top
meteorology programs, he got a heavy sales pitch from Enron. "It's quite an
impressive place," he says of Enron's trading floor, but he wasn't sure
forecasting skills alone would be enough to make the grade. "I would be
afraid that if money wasn't made in a hurry, I'd be tossed," says Mr. Altoe,
who accepted a position with the National Weather Service in Marquette, Mich.
For others, having forecasts count puts a new thrill in the old art. After
two years as a manager at the Weather Channel's Latin American division in
Atlanta, Jose Marquez posted his resume on an Internet job site run by the
American Meteorological Society. Enron called.
"Have you heard about Enron?" Mr. Marquez remembers being asked. "And I said,
honestly, `No.'"
During a visit, Mr. Marquez, a 33-year-old Navy-trained meteorologist, found
Enron's trading floor exhilarating. Enron courted Mr. Marquez heavily,
tracking him down three times during his Christmas vacation in Puerto Rico.
Mr. Marquez decided the sprawling trading floor was just the sort of active
work place he was looking for. Also, he'd be getting a 10% to 15% boost over
his Weather Channel salary, before potential bonuses from Enron.
"I'm getting more money than I would anywhere else," he says.
Weather has long affected prices of everything from grain at Chicago's early
commodity markets to the stocks of retail companies on Wall Street. Jon
Davis, a meteorologist for Salomon Smith Barney in Chicago, started
forecasting the weather for agriculture traders back in 1985.
But volatile energy prices have raised the stakes for forecasters who are
able to gauge air-conditioning use in the summer or natural-gas demand during
the winter heating season. Meanwhile, all sorts of companies are turning to
energy traders and Wall Street for "weather derivatives," complex contracts
used to hedge financial risks associated with the weather. "With every
passing year, you do more energy and more energy," Mr. Davis says.
Despite big advances in data collection and modeling, betting millions of
dollars on weather forecasts can still be tricky business. Short-term
forecasts are pretty good. Predicting weather two weeks from now is chancy.
Most meteorologists get their data from the government, particularly the
National Weather Service. Many then tweak it with their own interpretations
or forecasting models.
Disappointed last year by poor long-term forecasts from 11 private
consultants, Aquila has a contest offering $100,000 to the meteorologist or
team that can best predict temperatures in 13 major U.S. cities over the
course of a year. "I call it the forecast bakeoff," says Mr. Hoggatt.
The high stakes also mean more pressure on forecasters. WSI Corp., a
Billerica, Mass., weather-forecasting firm, started an energy service last
year, and Jeffrey A. Shorter, a WSI vice president, says energy clients can
be less forgiving than his other clients in TV and aviation, especially when
the forecasts are wrong. But, he adds, "presumably, more often than not,
we're right."

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

ENRON PROVIDES TRADING SERVICES TO MANX ELECTRICITY UNDER NETA
2001-03-08 08:43 (New York)

     (The following is a reformatted version of a press release issued
by Enron and received via electronic mail. The release was not confirmed
by the sender.)

ENRON AND MANX ELECTRICITY ANNOUNCE POWER TRADING AGREEMENT

     London, March 8 -- Enron announced today that it has concluded a
long-term power trading agreement with the Manx Electricity Authority
(MEA), representing one of the first deals with an embedded generator
specifically designed for the New Electricity Trading Arrangements
(NETA). Under the agreement Enron will provide 24-hour trading services
to MEA under NETA in an innovative deal structured to maximise the value
of the electricity interconnector between the Isle of Man and UK
mainland.
     The A45 million interconnector runs between Bispham in Lancashire
and Douglas on the Isle of Man and is capable of carrying 40MW in each
direction. At 105km it is the longest AC interconnector cable in the
world.
     "The development costs of the interconnector to the UK placed us
under pressure to put the link to the highest and best economic use and
we feel our relationship with Enron has accomplished this" said Mike
Proffitt, Chief Executive of MEA.
     "Our commitment to reducing the price of electricity on the Isle of
Man is firmly embedded in MEA's five year plan and our trading
partnership with Enron will greatly assist us in achieving this goal."
     Richard Lewis, Managing Director of UK gas and power at Enron,
commented: "This is a great transaction for both parties and fits well
into Enron's trading portfolio. MEA will benefit from Enron's expertise
as one of the UK's leading energy traders and will provide us with their
skills as operators of their generation plant and the interconnector. It
is significant in that we believe it is one of the first embedded
generation transactions specially tailored for the new trading
arrangements."

Media Contacts:

Alex Parsons
Enron
Tel: 020 7783 2394

Alison Cottier
Manx Electricity
Tel: 01624 687798

(db)LO
                                     -END-
-0- (CRL) Mar/08/2001 13:43 GMT

Energy Trading Companies Pay Big for Weather Talent, WSJ Says
2001-03-08 06:47 (New York)

     Kansas City, March 8 (Bloomberg) -- The growth of energy
trading floors in the past several years has made meteorology a
glamour profession, even for forecasters who never even intended
to predict the weather on television, the Wall Street Journal
reported.
     Weather affects commodities trading and determines
electricity and natural gas supply and demand. That's why large
energy trading companies like Enron Corp., Williams Cos. and
UtiliCorp United Inc. recruit top weather-forecasting talent, the
paper said. Meteorologists with graduate degrees can command
$60,000 to $90,000 a year, far higher than the $33,000 the
National Weather Service pays a junior staffer.
     Energy traders use in-house weather forecasts to make quick
bets on the direction of electricity and natural gas prices. Fast
and accurate predictions can earn huge profits, the paper said.
     Many meteorologists say they like the pace and action of the
trading floor. While some in the profession work in broadcasting,
most meteorologists labor in the less visible and action-oriented
worlds of academia or government research, the paper said.

(Wall Street Journal 3-8 A1)

ENRON FAILS TO ATTRACT BIDS FOR 30 PCT STAKE IN INDIAN OIL FIELD

03/08/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

NEW DELHI, March 8 Asia Pulse - US energy major Enron Corporation's bid to
sell its 30 per cent stake in Panna-Mukta and Tapti oil and gas field has met
with lukewarm response primarily due to inherent problems with the project.
Several glitches in the joint venture agreement and disputes with other
partners in the joint venture, Oil and Natural Gas Corporation (ONGC) and
Reliance, have kept away international oil giants like Royal Dutch Shell,
British Petroleum and BHP of Australia, industry sources said.
While Enron is believed to have pegged the sale price of its stake in the
Indian venture at US$700 million, independent evaluations by various domestic
and international companies have discounted the figure between US$250 to
US$380 million factoring several pending agreements and unresolved issues,
sources said.
ONGC, which holds 40 per cent stake in the US$900 million venture, Reliance,
having 30 per cent interest in the gas fields, and Indian Oil Corporation
(IOC) are among the 4-5 companies that are left in the fray for acquiring
Enron Oil and Gas India Ltd (EOGIL's) stake in Panna-Mukta and Tapti fields.
Inspite of over three years of operation, Panna oilfield's processing tariff
has not yet been fixed with ONGC and the promoters have not yet reached a
final agreement on gas transportation cost from Tapti, sources said.
Besides, delivery point for Panna has not been determined which has resulted
in a 10 per cent revenue loss which the government deducts from the total gas
revenue of the company.
(PTI) 08-03 1002

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

SINGAPORE: PetroChina plans five gas, products lines by 2005.
By Chen Aizhu

03/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

SINGAPORE, March 8 (Reuters) - PetroChina has mapped out plans for a massive
pipeline gridwork to be in place by 2005 and to ship huge hydrocarbon
reserves in China's west to its thriving east, government and industry
officials said on Thursday.
"A total of five pipelines are planned in the 10th five-year plan
(2001-2005), four gas and one for refined oil products," a senior industry
official told Reuters by telephone from Beijing.
Officials estimated total cost of the projects at 50 billion yuan ($6
billion) at least.
Topping the agenda and the largest of the five projects is the 4,200-km gas
trunk line winding eastwards from China's central Asian region Xinjiang to
the Yangtze River Delta.
Construction of the $4.8-billion project is set to start later this year.
Officials said construction would begin with the 1,600-km eastern section
from Jinbian in northwest Shaanxi province to Shanghai, where initial gas
supply is expected to land in 2003.
The longer western section connecting Tarim to Jinbian is slated for
completion by 2005, officials said.
PetroChina aims to move between 12 and 20 billion cubic metres (bcm) of gas
through the trunkline in 2005.
HUGE UNTAPPED RESERVES
Officials estimated about 720 bcm of recoverable gas reserves remain in the
Shan-Gan-Ning and Tarim basins. PetroChina's most recent big discovery in the
Sulige field in the northern Ordos basin has proven reserves of 220 bcm.
PetroChina is hoping to lure foreign firms to invest in the project,
including top three oil majors ExxonMobil , Royal/Dutch Shell Group and BP
Amoco .
Also under planning is a three bcm-per-year gas pipeline from Jinbian to
Beijing, Hebei and Shandong. Sources said Shell and PetroChina were jointly
studying the project.
A third gas line is planned from Zhongxian in the gas-rich southwest Sichuan
to Wuhan and Hunan provinces in central China, officials said.
U.S. gas and electricity firm Enron Corp is a joint developer in the Sichan
gas block, which will send supplies via the proposed 740-km line.
Sichuan, which produced 7.995 bcm of gas in 2000, is presently China's top
gas producer, according to official data.
The fourth gas pipe, stretching 953-km eastwards from Qaidam basin to Lanzhou
in the northwest, is expected to be operational in May with an annual
capacity of two bcm, according to Beijing-based industry newsletter China
OGP.
The project, which targets PetroChina's subsidiary refineries in Lanzhou,
will cost 2.25 billion yuan, China OGP said.
LONGEST PRODUCTS LINE TO MOVE OIL SOUTH
PetroChina also is set to build a 1,247-km refined products pipeline from
Lanzhou to oil-thirsty Sichuan to move surplus products out of the remote
northwest region.
A feasibility study for the line, which would be the longest products
pipeline in China, was approved recently, a senior official with the State
Development Planning Commission told Reuters from Beijing.
Officials said the project would replace rail transport and eventually cut
PetroChina's oil distribution cost.
"The railway system has a bottleneck which only allows a limited oil flow at
one time, and it's much more expensive (than pipeline)," said a Beijing-based
PetroChina official.
When built in 2005, PetroChina would be supplying five million tonnes a year
of mostly gasoline and diesel to Sichuan, one of China's most populous
province and which buys most of its oil by rail or ship from neighbouring
provinces.
($1=8.277 yuan).

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


home 713 973 6325
cell 713 304 8716
pager 888 710 7935


looks good , just flip the open and close columns pls

thnx
dutch

 -----Original Message-----
From: 	Hernandez, Felipe
Sent:	Monday, August 06, 2001 2:11 PM
To:	Quigley, Dutch
Subject:	Kobra-book

 << File: Gas-Financials-Trading.kob >>

Dutch,

Please open this file and save it under your H: drive. Let me know if this is what you are looking for. Thanks, Felipe


2/27/01

We are verifying all current locker assignments.
Please return receipt via this e-mail if you have
NOT received your locker assignment.

The Enron Body Shop


Start Date: 12/18/01; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121824.txt


Received

z <zyft02@yahoo.com> on 10/04/2000 08:48:55 AM
Please respond to zyft02@yahoo.com
To: john.arnold@enron.com
cc:
Subject: TEST

This is a test from Yahoo email. Please reply if
received.

Don Adam
Team Lead, Trader Support

__________________________________________________
Do You Yahoo!?
Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free!
http://photos.yahoo.com/


does it sound like fun?

	Enron North America Corp.

	From:  Shanna Husser @ EES                           12/04/2000 12:19 PM

To: Eric Bass/HOU/ECT@ECT, scrilla364@aol.com, bonuraj@phelps.com
cc:
Subject: College Bowl Pool

Do any of ya'll want to play?  Sounds kind of like fun.
---------------------- Forwarded by Shanna Husser/HOU/EES on 12/04/2000 12:18
PM ---------------------------

Cris Crixell
12/04/2000 12:12 PM
To: Shanna Husser/HOU/EES@EES
cc:
Subject: College Bowl Pool

---------------------- Forwarded by Cris Crixell/HOU/EES on 12/04/2000 12:12
PM ---------------------------

Cris Crixell
12/04/2000 10:47 AM
To: g.trostel@cadcentre.com, rick.hernandez@halliburton.com,
bstapelfeldt@bankbnb.com, ztcjawa@mail.arco.com, ztcpika@mail.arco.com,
ztcskd@mail.arco.com, marty_schmidt@hotmail.com, mlmott@swbell.net, Gary
Nelson/HOU/ECT@ECT, Preston McGlory/NA/Enron@Enron, Clifton
Franklin/NA/Enron@Enron, Patricia A Lee/HOU/EES@EES, Rafael
Avila/HOU/EES@EES, Holly Mertins/HOU/EES@EES, jbutx@aol.com
cc:
Subject: College Bowl Pool

Ladies & Gentlemen,

The BCS may have screwed up the match ups but that won't stop the annual
College Bowl Pool from taking place.  The attached spreadsheet contains the
rules and a pick sheet.  For the veterans the rules are the same as last
year.  The entry fee is $25.  Money and picks are due Monday December 18th.
Feel free to forward this to anyone that may be interested in participating.

Cris


Eric Schoenberg
106 Main St
Tiburon, CA 94920
eric@om28.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you
made from selling Enron stock before the company
declared bankruptcy to funds, such as Enron Employee
Transition Fund and REACH, that benefit the company's
employees, who lost their retirement savings, and provide
relief to low-income consumers in California, who can't
afford to pay their energy bills.  Enron and you made
millions out of the pocketbooks of California consumers
and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of
Enron's employees were financially devastated when the
company declared bankruptcy and their retirement plans
were wiped out.  And Enron made an astronomical profit
during the California energy crisis last year.  As a result,
there are thousands of consumers who are unable to pay
their basic energy bills and the largest utility in the state is
bankrupt.

The New York Times reported that you sold $101 million
worth of Enron stock while aggressively urging the
company's employees to keep buying it.  Please donate this
money to the funds set up to help repair the lives of those
Americans hurt by Enron's underhanded dealings.

Sincerely,

Eric Schoenberg


Mark and Mark:

This is a request for assistance from the TaxCommittee, which is preparing a
comment letter on the January 2001 proposed IRS regulations concening
hedging transactions.

Most of the comment letter addresses whether the Proposed Regulations
implement Congressional intent in replacing risk reduction with risk
management as the standard for hedging transaction status.  The Proposed
Regulations provide that unless explicity permitted, "a hedging transaction
does not include a transaction entered into to manage risks other than
interest rate or price changes, or currency fluctuations,..."  The Preamble
to the Proposed Regulations indicate that the Service wishes to receive
comments on additional risks that should be covered. Here is an excerpt from
the draft comment letter "

      The Preamble to the Proposed Regulations indicates that a
weather derivative used by an energy producer to hedge against the risk of
decreases in the volume of sales resulting from variations in weather
patterns will not qualify as a hedge transaction until the Service exercises
its regulatory authority.  The Service should do so now.

Don Moorehead (who has an active tax practice as well as the active "Hill"
practice we know so well) is the drafter and makes strong arguments for
extending hedge transaction treatment to weather derivatives.  To help with
the argument, we would like to attach as an exhibit specific examples of
types of weather derivatives that could be incorporated in the final
regulations.

A similar concern exists with respect to energy supply derivatives.  Quoting
again from the draft letter:

 Under the Proposed Regulations, if a business that is an intensive
user of energy (e.g., an aluminum producer) enters  into a transaction
to manage the risk of increased energy prices, that transaction apparently
can qualify as a hedge  transaction.  If, however, the transaction is
intended to manage the risk of an energy supply interruption, it apparently
will not qualify as a hedge transaction...

 The energy supply derivative, like the weather derivative, alters
the taxpayer's exposure to risks that are inherent in its core economic
activities and there is no discernable policy rationale for delay in
extending hedge transaction treatment to energy supply derivatives,
particularly in light of the exclusivity provisions of the Proposed
Regulations.

To help with the argument, we would like to attach as an exhibit specific
examples of types of energy price and supply derivatives that could be
incorporated in the final regulations.

We look to you for help in this lists of products. Could you please point us
to someone at Enron who could supply such lists and promote more "risk
management" tax treatment for weather/energy derivatives?

Thanks in advance and regards, Ruth


Hey, where are the baby pictures??

My email at Reliant is spereira@reliant.com.  My im is susanprri.
713-207-1360

Take care,

Susan

----- Original Message -----
From: <Chris.Germany@enron.com>
To: <pereira@houston.rr.com>
Sent: Thursday, April 25, 2002 4:30 PM
Subject: RE: Update

> HEY CONGRATULATIONS.  Can I tell people or would you prefer that I don't?
>
> You know Reliant is my big supplier these days.   I work with Jim Taylor.
>
>     -----Original Message-----
>    From:   "Pereira" <pereira@houston.rr.com>@ENRON
>    Sent:   Thursday, April 25, 2002 4:32 PM
>    To:     Germany, Chris
>    Subject:  Re: Update
>
>    I've accepted a job with Reliant.  They wanted me to start next week,
>    but
>    I've put them off until May 20.  I've got a bunch of volunteer work
that
>    I've been doing, and I'm booked up through the 17th.  I'm still working
>    on
>    another position with another company.   I don't know if anything will
>    come
>    out of it.  We'll see.
>
>    take care,
>
>    Susan
>    ----- Original Message -----
>    From: <Chris.Germany@enron.com>
>    To: <pereira@houston.rr.com>
>    Sent: Thursday, April 25, 2002 11:04 AM
>    Subject: Update
>
>
>    >
>    > Joan Quick's last day is Friday.  She is going to work for Zilkha.
>    They
>    > are getting into wind energy big time now.  They also hired another
ex
>    > enron lady with the last name of metcalf I think.  Joan said we would
>    > recognize her if we saw her.
>    >
>    >
>    >
>    >
**********************************************************************
>    > 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.
>    >
**********************************************************************
>    >
>    >
>
>
>


fine with me on both $$$ and reporting

 -----Original Message-----
From: 	Lavorato, John
Sent:	Monday, January 21, 2002 4:11 PM
To:	Milnthorp, Rob; Calger, Christopher F.; Whalley, Greg; Kitchen, Louise; Shively, Hunter S.; Presto, Kevin M.; Belden, Tim
Subject:

It's my turn, I've asked for nothing

I need Caroline Abramo

As well as her bonus we need

100k and 100k contract.

A promotion to VP.

And she wants to report Calger and Milnthorp.

Hunter and I think it is very important.


-----Original Message-----
From: Webmaster@cera.com
Sent: Wednesday, November 15, 2000 3:36 PM
Subject: CERA Conference Call Audio Replay Now Available

FERC's Order for California Market: Bold Decision of Insufficient Action?
Conference Call Audio Replay Now Available
**********************************************************************
Author: Western Energy and North American Power Teams
E-Mail Category: Conference Call
Product Line: Western Energy , North American Power
***********************************************************************
In a November 13, 2000 audio-only conference call, Larry Makovich, CERA
Senior Director, North American
Electric Power and Mike Zenker, CERA Director, Western Energy discuss:

FERC'S ORDER FOR THE CALIFORNIA MARKET: BOLD DECISION OR INSUFFICIENT ACTION?

* A FERC Vote for Market Solutions
* Where is the Relief for Retail Customers?
* What's Next for California and Western Wholesale
Markets?
* Implications for the Broader North American Power
Market

An audio recording of this call is available
until January 13, 2001. To access this recording,
please call 1-888-203-1112 (within the U.S.) or (719)
457-0820 (outside the U.S.). Please use confirmation
number 640107 to access the call.

Western Energy Members: http://eprofile.cera.com/client/ce/media.cfm
N. American Electric Power Members:
http://eprofile.cera.com/client/nap/media.cfm

**end**
*******************************************
Account Changes
To edit your account information, including your e-mail
address, etc. go to: http://www.cera.com/cfm/edit/account.cfm

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www.cera.com/tos.html

Questions/Comments: webmaster@cera.com
Copyright 2000. Cambridge Energy Research
Associates??? ??????? ??????? ??????? ???????

??????? ???????


Sure thing!

 -----Original Message-----
From: 	Bridges, Michael
Sent:	Thursday, November 15, 2001 3:33 PM
To:	Jones, Tana
Cc:	Mesquita, Ross
Subject:	Equiva Trading NDA

Hi Tana.

Could you please forward Ross or me a NDA for the possible sale of EnronOnline functionality?  The NDA would be similar to the one you did for Louis Dreyfus.

The contact information is:

Mr. Massoud Sedigh
Chief Information Officer
One Allen Center, Suite 2900
500 Dallas Street
Houston, TX 77002

Thank you.

Mike Bridges


you're too cute!!

From:	Jeff Dasovich on 07/10/2001 12:25 PM
Sent by:	Jeff Dasovich
To:	Richard Shapiro/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
cc:

Subject:

you'll be pleased to know that people whom i barely know in the SF office are approaching me and ribbing me good about my expression in the pie video.  mission accomplished.

signed,
alligator skin


Attached please find the weekly money market rate list.

If you have any questions or we can be of any service, please do not hesitate to contact me.

Thanks, Julie


Start Date: 1/14/02; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011414.txt


Explain to me why Don S. went golfing at 3 pm and you have this huge var
violation in his book?  I'm not sure that was the best idea he's ever had.


Anytime which works for you is fine, as this is more important than my other
meeting.

From: Ben Jacoby/ENRON@enronXgate on 05/29/2001 01:19 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Conference call w/ TECO

Kay:

My afternoon tomorrow looks full - do you have any time before 2 PM to
discuss the TECO MOU and have a call with them? I will check their schedules
as well...


Hi Kate,

For deal 494014 traded by Matt.  Prebon shows term as Q3'03 and we show
Q3'02.
Can you check with Matt.

Thanks!


I sent an e-mail to Les Rawson about these deals yesterday, but - oops! -
he's not in the office. I just had Stan Cocke enter the unit names in them,
so you should see the following in the comments section -

568866 - unit name is Willamett Industries Albany Paper Mill
568864 - unit name is Grays Harbor Paper Mill
568860 - unit name is Las Vegas Cogeneration Facility

Thanks,
Kate

Kimberly Hundl@ENRON
04/05/2001 07:51 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Unit contingent deals

hi kate!
there are some unit contingent deals from the 3rd that do not have the unit
name in deal entry.  these are the deal numbers:
568860
568864
568866
thanks!
Kim


Thanks Sara.
DEC

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Friday, February 22, 2002 3:44 PM
To:	Carolan, Dominic
Subject:	FW: Updated Weather Counterparty that have terminated

fyi

 -----Original Message-----
From: 	Hendry, Brent
Sent:	Tuesday, January 29, 2002 10:23 AM
To:	Shackleton, Sara
Subject:	FW: Updated Weather Counterparty that have terminated

 -----Original Message-----
From: 	Hendry, Brent
Sent:	Wednesday, January 23, 2002 11:00 AM
To:	Nguyen, Michael; Windle, Bill; Tawney, Mark
Subject:	RE: Updated Weather Counterparty that have terminated

Here is the updated list.  Not much has changed.

 << File: ENAcounterparty Weather list 1-23-2002.doc >>
 -----Original Message-----
From: 	Nguyen, Michael
Sent:	Wednesday, January 23, 2002 10:04 AM
To:	Hendry, Brent
Subject:	Updated Weather Counterparty that have terminated

Brent,

Would you happen to have an updated version of the counterparties list that have terminated.

Thanks,
Michael


At the Enron camp, how are the age groups combined?  For example, are 5-7
year olds together, 8-10 year olds, etc....?

Thanks,

Susan Pereira


Just double checking my numbers, this is what I now show on COH storage.  Let
me know if I need to tweak it and where.

Month  Monthly Inj Ending Balance
Jul  1,089,097 4,053,906
Aug  1,089,123 5,143,029
Sep  786,579  5,929,608
Oct  120,999  6,050,607  <=== Max storage


Sally,

Attached below is a list of my accomplishments for the first half of 2000.  I
also printed a copy and left it on your chair in a confidential envelope.
Let me know if you need anything more.

Todd


Please keep in mind that because of how the Developer's Agreement is structured (i.e. it's an "option" because we must first apply for a building permit to trigger the payment), there is no current payment obligation under the ENA guarantee. I also recollect that the ENA guarantee is a payment guarantee only.

-----Original Message-----
From:	Carnahan, Kathleen
Sent:	Sat 12/1/2001 11:41 AM
To:	Clark, Barton
Cc:	Tweed, Sheila; Jacoby, Ben; Mitro, Fred; Mann, Kay; Krimsky, Steven; Carnahan, Kathleen
Subject:	Deerfield Guarantee

Bart:

This is Fred.  I am working on Kathleen's computer to facilitate easy Livelink access.

It appears that an Unconditional Guarantee Agreement was executed between the City of Deerfield and DBEC, L.L.C. prior to the execution of the Agreement Related to The Use and Development of Real Property (dated June 29, 2001).  We do not have a copy of the executed version of the Guarantee Agreement, but Greenberg & Traurig should have one.

The Guarantee Agreement obligates DBEC to make a non-refundable payment on or before 9/30/01 (this payment was made) and a second payment of $1,000,000 "subsequent to DBEC's application but prior to its receipt of the first building permit or engineering work permit for the Facility".

Kay has more detailed knowledge of this Guarantee and other Deerfield and Pompano documents through her role in the development of these projects.  Please call her for specific information on project Agreements.

Call Kathleen or I if we can help in this process.

Fred


---------------------- Forwarded by Kay Mann/Corp/Enron on 07/27/2000 09:41
AM ---------------------------

"Colo, Mike" <MSColo@POYNERSPRUILL.COM> on 07/25/2000 04:59:10 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc: K%n Raber (E-mail) <ken.raber@electricities.com>

Subject: RE: Land Option

The Option looks fine to me with two minor exceptions.  In Paragraph 16,
change the references in the last line to Paragraphs 16 and 17, as opposed
to 19 and 20; and in Paragraph 22, sixth line change "its" to "their
respective" modifying agents etc.  Either finalize, execute and forward to
Ken for signature or forward an execution copy to Ken and he wil return for
your eecution.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, July 25, 2000 9:39 AM
To: Colo, Mike
Cc: kraber@electricities.org; Heather.Kroll@enron.com;
Ozzie.Pagan@enron.com
Subject: RE: Land Option

Mike,

I'll try to figure out the conversion.  In the meanwhile, if you can email
me your fax number I'll send it that way.

Kay

"Colo, Mike" <MSColo@POYNERSPRUILL.COM> on 07/25/2000 08:24:16 AM

To:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Colo, Mike"
      <MSColo@POYNERSPRUILL.COM>, kraber@electricities.org
cc:   Heather.Kroll@enron.com, Ozzie.Pagan@enron.com

Subject:  RE: Land Option

Please see the message I received.  The option is not in readable format.
Please resend.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, July 24, 2000 7:42 PM
To: mscolo@poynerspruill.com; kraber@electricities.org
Cc: Heather.Kroll@enron.com; Ozzie.Pagan@enron.com
Subject: Land Option

The Microsoft Exchange Server received an Internet message that could not
be
processed. To view the original message content, open the attached message.


Grant,
 I have made the changes they requested.  Please review and if they are
acceptable to you and to the people on the Central desk, them send this to
all parties in replacement of the one done January 4, 2001.,


----- Original Message -----
From: Charlie Weldon <Charlie.Weldon@Bus.utexas.edu>
To: Stayton Weldon (E-mail) <staytonweldon@dewittec.net>
Sent: Thursday, December 09, 1999 10:46 AM
Subject: FW: Deer Picture (ATTN: Glenn Rea)

>
>
> >  -----Original Message-----
> > From: Charlie Weldon
> > Sent: Wednesday, December 08, 1999 11:54 PM
> > To: 'crecord@tisd.net'
> > Subject: Deer Picture (ATTN: Glenn Rea)
> >
> > Glenn,
> >
> > I was told you would be interested in the following deer pictures.  I've
> > attached two of them because I cannot make up my mind which one I like
> > best.  The first one makes the deer look larger but the second one shows
> > every point quite clearly.  You can be the final judge.
> >
> > If the pictures don't have good enough resolution then let me know and I
> > will send them to you or rescan with better resolution.
> >
> >
> >
> >    <<IMG001.JPG>>  <<IMG002.JPG>>
> >
> > Here are the details. Use whatever you want:
> >
> > Points: 15 scorable
> > Spread: 19"
> > Main Beams: 23.5"
> > Gross Boone and Crockett Score: 166-1/2
> > Age: 6.5 years
> > Date: November 26, 1999
> > Time: 9:30 am
> > Location: West of Cuero
> >
> >
> > Please let me know if/when you receive this and when it will be in the
> > paper.
> >
> >
> >
> > Thanks,
> >
> > Charlie Weldon
> >
> >
>

 - IMG001.JPG
 - IMG002.JPG


Please take a look and see if you think it does what we're after.  I'd like to share with folks as soon as possible to try to get something in the bill.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/05/2001 02:45 PM -----

	MDay <MDay@GMSSR.com> 07/05/2001 02:39 PM 	   To: "'Jeff Dasovich  Enron SF'" <jdasovic@enron.com>  cc:   Subject: Amendment to Sher Bond bill

 <<X25946.DOC>>

Here is the very short amendment for the Sher Bond Bill.  Mike Day

 - X25946.DOC


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

Dear Market Participants,

It has been brought to our attention that a mistake was made on the Bid Form
for
ICAP Auctions.  A corrected version of the Bid Form will be posted to the
NYISO
Website as soon as possible.  The description for entering the dollars per
kilowatt hour incorrectly states per 6 months on the Monthly Auction sheets.
Please enter dollars per kilowatt per 1 month.


I just signed this very important petition to the President and
Congress urging them NOT to allow drilling in the Arctic National
Wildlife Refuge, our most magnificent wildlife sanctuary.  Drilling would
cause great harm to this wilderness area which is one of the few truly
wild places remaining.

Please go to http://www.savearcticrefuge.org,
add your name and pass it on!!!

Or you can add your name by checking out a great cartoon animation at
http://www.savearcticrefuge.org/video

Mary Jane Symes

This message is being sent to you by a friend.  You will not be
contacted again.  www.savearcticrefuge.org is merely providing a means
for the public to spread the word about threats to the Arctic National
Wildlife Refuge.  Defenders of Wildlife, Reply.net and One.net have
not initiated this message.  If you have received this note in error,
we apologize.


Ditto Credit.

	Tana Jones@ECT
	03/23/2001 05:34 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: EOL approvals, 03-23-01

----- Forwarded by Tana Jones/HOU/ECT on 03/23/2001 05:33 PM -----

	Walter Guidroz/ENRON@enronXgate
	03/23/2001 04:52 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
		 cc:
		 Subject: EOL approvals, 03-23-01

Please see attached.


Dear Mr. Lay,

Re: International Coalition for IT ) Central Chapter 1st Meeting,? Boardroom,
????? Hilton Hotel, Munich City, Monday 30th Oct. 2000

As you may aware, the international community (namely : G8, World Bank, UN,
WTO, etc,) is currently working towards assisting the developing countries in
bridging the existing digital-divide. In catalysing and also making these
efforts more penetrative, there is an urgent necessity for a combined,
practical but localised initiative that will directly? encourage and enable
the full participation of the stakeholders within these countries in the new
economy.

In this way, we are planning to set-up a company-led initiative in the name
of? &International Coalition for IT", starting with Africa. The proposed
coalition is a special strategy for bridging digital-divide with developing
countries on one hand; and on the other hand, it is another way for the
participating companies to gain competitive edge in these emerging markets
and also to strengthen them towards working with the international community
as well as the governments and notable stakeholders in these developing
countries, on IT matters.

The first meeting of the central chapter of this initiative will be coming up
soon in Germany. Among others, this important meeting is expected to produce
the ICOIT Implementation Strategies through the integration of perspectives
of the participating companies, being company-led initiative. It is intended
that these implementation? strategies will be applied globally by way of
adaptation from one continent to another, as the initiative grows.

Given your 'Broadband Services', perhaps Enron would like to participate in
this initiative and may be you would also like your perspective to be a part
of these fundamental strategies. In this connection, it is my pleasure
inviting your company to this meeting. In case you are interested, kindly let
me know at your earliest convenience; so as to facilitate our arrangements.

I am attaching the concept of the initiative and the meeting,s tentative
agenda for your information. In case you have any question, please feel free
to contact me.

Best regards.

O . Adesioye
TTA President/CEO
http://www.u-t-g.de/TTA

*****************************************************************

TTA is a unique corporation for transferring technologies and know-how to
developing countries, through high level initiatives and active
participation. It is the first of its kind in Europe, and perhaps world-wide.
 - International Coalition for IT in Africa3.doc
 - Tentative Agenda-1st Meeting.doc


A different kind of personality test...

http://www.cmi-lmi.com/enterppp.html


I sent the proposal back to SERC at 12:08pm.  Dick Ingersoll will call Jim
Maughn and is going to try to find Steve Whitley of TVA (who is out of the
office) to discuss today.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 10/04/99
12:07 PM ---------------------------

	From:  Christi L Nicolay                           10/04/99 12:07 PM

To: jmaughn@serc1.org
cc: Richard Ingersoll/HOU/ECT@ECT
Subject: SERC/Enron/TVA agreement

To Jim Maughn and Steve Whitley: (I am faxing this to Steve)

Jim and Steve;
Attached are minor comments on the latest draft that we believe address
Steve's concerns on Friday.  Also attached are the examples that we would
like to attach to the agreement.  Dick Ingersoll will call you both today to
discuss.  Thank you.(Use LAUNCH to view redlined)

Christi Nicolay  713-853-7007


Thanks,  If they agree to our Master we should be able to wrap this up by Monday I hope!!  I will keep you informed.

 -----Original Message-----
From: 	Mims, Patrice L.
Sent:	Friday, September 28, 2001 1:40 PM
To:	Perlingiere, Debra
Subject:

Hey girl,

I'll be out of the office all next week, traveling and meeting with customers in Chicago.

Call me if you have any questions regarding Kaztex (or anything else) we have worked together on.  My cell phone is 713-851-6240.
If i'm not there, please leave me a message.  Thanks for all your hard work!


When do we expect to hear back from NGI on the sep index?

Grigsby


fyi -- great job!
---------------------- Forwarded by Karen Denne/Corp/Enron on 08/23/2000
06:10 PM ---------------------------

Vibeke Laroi <Vibeke.Laroi@reuters.com> on 08/23/2000 01:52:48 PM
To: kdenne@enron.com
cc:

Subject: article

Karen,
Here is a copy of the story, which is unfortunately quite a bit shorter.
Thank
you both for your help, and please give a special thanks to Mr. Kean for his
extremely helpful comments and analogies.
Sincerely,
Vibeke Laroi

(See attached file: fair power grid.doc)

-----------------------------------------------------------------
        Visit our Internet site at http://www.reuters.com

Any views expressed in this message are those of  the  individual
sender,  except  where  the sender specifically states them to be
the views of Reuters Ltd.
 - fair power grid.doc


Gerald,
My comments noted.  A few points:   as I read the contract, client is paying for the insurance cost of BCCKOP, and therefore should get full benefit of those policies, not just limited to claims attributable to BCCKOP's gross negligence/willful misconduct.  BCCKOP is in full control of the Facility and therefore should wear some financial risk for damage to it arising out of the Operating Services.  I have limited this to $100k per occurrence (our deductible for non-power gen assets is $1MM). I've also made them take deductibles under their policies for third party liability and employee injury risks (they had these on us originally), and specified that their GL cover include pollution legal liability (they had this on us also, but since it's a third party risk I think it should stay with the operator).
Call me if I've got this wrong or if we need to discuss further.

Thx,

David
3-6847


Thanks for taking the lead on this.  Note Tim's question about handicapping
the liklihood of approval.  Prices will move in the West based on these
odds.  We need to have a better view than anyone else.

Ray Alvarez
04/13/2001 01:19 PM
To: James D Steffes/NA/Enron@Enron
cc: Tim Belden/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan
J Mara/NA/Enron@ENRON

Subject: Re: ISO Market Stabilization Plan

Tim,  although there's always a "chance" my impression is that the FERC won't
buy the ban on exports, as this would appear to run afoul of the Commerce
Clause and certainly goes counter to everything that FERC hopes to accomplish
with their own Order 888 and 2000 initiatives.  I am less certain about the
direction FERC will go on pricing, since even the staff has recognized
stumbling blocks in their own recommendation and offers possible variants.

The ISO has not submitted revised tariff sheets for approval yet, so it is
unlikely they would try to implement their own plan in the near term.  If
they try to do so without FERC approval, possible legal avenues might include
the filing of a complaint at FERC, asking for fast track processing (this
"fast" is measured in weeks, not days) and/or seeking injunctive relief in
court (faster), which can be hard to obtain but not impossible, depending
entirely on the circumstances.

Will keep you posted if I learn anything new on this.  Ray

James D Steffes
04/12/2001 11:21 PM
To: Tim Belden/HOU/ECT@ECT
cc: Joe Hartsoe/Corp/Enron@ENRON, Ray Alvarez/NA/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan
J Mara/NA/Enron

Subject: Re: ISO Market Stabilization Plan

Ray --

Can you please take the lead in responding to Tim re:  FERC v. state actions?

Sue --

Any info on whether the ISO would do this unilaterally?

Jim

To: Joe Hartsoe/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Ray
Alvarez/NA/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON
cc:

Subject: ISO Market Stabilization Plan

The recent plan filed at FERC is horrible.  The two most aggregious parts are
the cost based standing bids and the ban on exports.  I know that we are
commenting on this proposal.  I am also looking for intellegence on whether
the ISO proposal has any chance of getting approved by FERC.  If it is not
approved by FERC, what can the Californians do?  California has ignored FERC
before.  If they attempt to unilaterally implement changes what is the
likelihood that the Feds step in to intervene?  If you hear anything on this
matter please keep me posted.  The proposed plan will have a huge impact on
the California market and we need as much advance notice as possible.


Start Date: 4/26/01; HourAhead hour: 15;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042615.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_DESERT
  ENGY_TYPE: NFRM


FYI.  I forwarded this information on to Bill along with our file earlier
today.  I told him to have something for you when you get back Wednesday
morning.

Eric Gillaspie
713-345-7667
Enron Building 3886

	Ann Elizabeth White
	06/02/2000 07:32 PM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc: Gerald Nemec/HOU/ECT@ECT
		 Subject: Project for Bill

I have another project for Bill I'd like for you to work on while I'm in
Gillette.  Remember the deal with Dominion?  They let some saltwater get into
our system and it cost boo-coos of money to fix and we are recouping those
monies from their gas contract?  Well, there hasn't been any production at
that meter for about 6 months and so there is nothing to offset against.  I'm
leaving in your chair Gerald Lofton's schedule of monies still owed.

Would you get Bill up to speed on the facts (I think you still may have the
file) and have him draft a demand letter for the balance of the monies owed?

Thanks.


Let me know if this is acceptable

 <<Redlined Exclusivity Agreement_.doc>>

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

 - Redlined Exclusivity Agreement_.doc


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I will have property taxes for Gleason tomorrow and I will be talking with
Jody Pierce regarding the Fixed Operating #'s and cost numbers as well.  When
I talked with Kevin Presto he thought that trying to use the 99 actual
numbers and then escalting them was NOT a good idea, due to the fact that
these are not "normal" operating assumptions.  Please give me a call if you
have any questions.
Ben


Attached is a write-up on Entex that we have put together for Tom, Jim and
Shankman.  Feel free to share it with the Entex team, but otherwise, please
keep confidential.  If anyone wants more info or has questions or concerns,
let me know.  Thanks.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 05/16/2000
11:14 AM ---------------------------

	Enron North America Corp.

	From:  Brenda F Herod                           05/16/2000 10:48 AM

To: Thomas A Martin/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: ENTEX

Attached are the revised files.  I understand that you will provide this to
Shankman.  Please let me know if you need anything else from me or if I can
help explain it to Jeff.


We just received this from Jeanne Bennett for comment.  We are reviewing and
look forward to discussing it with you tomorrow.  I will try to contact
Robin and Jeff in London.

Thanks.
Gary

-----Original Message-----
From: JBennett [mailto:JBennett@GMSSR.com]
Sent: Wednesday, March 14, 2001 2:24 PM
To: jklauber@llgm.com; jfrizzell@gibbs-bruns.com; mmolland@brobeck.com;
'gfergus@brobeck.com'; Robert Williams (E-mail); Mike Smith (E-mail)
Cc: MDay
Subject: Motion to Dismiss SCE CounterComplaint
Importance: High

Attached is  a draft of the Motion to Dismiss SCE's Countercomplaint.

First, let me say thanks to the guys at Brobeck.  There is no way I could
have put this together in a day without the material they sent me.  So, if
you guys think you recognize your own work in the pleading, you do.

Second, as I will be out of town the next couple of days, I would appreciate
that any comments you have on the draft be sent to me via e-mail.  I would
like to have all comments in by first thing Monday morning as the motion
must be filed on Monday.

 <<X22427.DOC>>

Thanks alot.

Jeanne Bennett

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