Good Morning,

Please look at this sheet and see if you agree with what I have done, e-mail me or call me at 877-464-7779.  Any of our schedulers can look at this and help you.

Thanks,

Cara Semperger
West Power Scheduling Supervisor
Enron North America
503/464-3814


This is a Real Time deal, and that desk enters deals a bit differently than I
do. When they initially do a deal, they enter it for a certain hour or set of
hours. Then, if they agree with a counterparty to extend the deal to flow
through more hours, they change the deal in Scheduling, not EnPower. The way
to see the true volume of a Short Term West Hourly deal is to look in the
"View Actuals" tab. If you look at this deal, you'll see that they extended
the initial 5 MW at HE 11 to look like this:

HE 11 - 5 MW
HE 12 - 5 MW
HE 13 - 5 MW
HE 14 - 4 MW
HE 15 - 4 MW
HE 16 - 4 MW
HE 17 - 5 MW
+__________
 32 MW

Please let me know if you have any other questions.

Thanks,
Kate Symes
Trading Support
503-464-7486

Judy Dyer@EES
04/16/2001 10:48 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 570892.1

Can you please let me know if there are other deals that go with the deal #
referenced above?  We have a total of 32 MW but this is only for 5.

Thanks
Judy


FYI.  Let us know if these folks are appropriate to include on our "critical for litigation" list.  Thanks!  Michelle

 -----Original Message-----
From: 	Watkins, Sherron
Sent:	Friday, November 16, 2001 4:56 PM
To:	Cash, Michelle
Subject:	RE: Broadband litigation work

I'm wanting to use Martin Saachi and Steven Sheldon, both directors from EBS.  The quant work would be people from Vince's shop that are probably not as effected by the 'surplusing'.  I'll confirm Monday.  Thanks, Sherron.

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Friday, November 16, 2001 4:39 PM
To:	Watkins, Sherron
Cc:	Sanders, Richard B.
Subject:	RE: Broadband litigation work

I need to have the names as soon as possible, even if they may choose not to do it.  Thanks.  Michelle

 -----Original Message-----
From: 	Watkins, Sherron
Sent:	Friday, November 16, 2001 4:32 PM
To:	Cash, Michelle
Subject:	Broadband litigation work

Michele - I have not yet gotten a hold of the 2 individuals I'd like to work with on this.  Mark H. had asked me not speak to them until after I'd met with Richard Sanders.  At any rate, I should be able to speak to them next week and get their names to you - I want to ensure that they want to work on the project.  I'll be in touch as soon as possible next week.  Regards, Sherron

Sherron S. Watkins
Vice President, Enron Corp.
713-345-8799 office
713-416-0620 cell


AGA for 4/27/01 is 102

* In addition to the net injection of 102 Bcf of working gas into storage,
1 Bcf of base gas was injected into the Producing Region for the week
ending April 27, 2001. To date, a net of 0 Bcf of base gas has been
withdrawn.


Sorry, I made an error in the last example for the FOR calculation.  This one
should be corrected.

Heather


I hadn't heard about his changes.... did he swith co's...

I will confirm meeting time.

Thanks, BT

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Monday, September 17, 2001 7:49 PM
To:	Tycholiz, Barry
Subject:

Greetings:

1) I haven't forgot about Baldwin, but it seems that things have changed for him (and his company?).  His long-standing number know longer works and there's no forwarding number.  I'm trying to track him down.

2) What time's your weekly meeting on Thursday, and is there a call-in number?

Best,
Jeff


Start Date: 4/26/01; HourAhead hour: 4;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042604.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 4 / Preferred: 114.00 / Final: 113.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TRADING_SC: PWRX
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Pursuant to Phase 1 of Project Why, I have attached a draft of the process
assessments for ET&S Market Services for the Scheduling, Electronic Business
Development, Gas Control, Invoicing/Accounting, and Contracts functions. Our
next step will be to complete the additional columns. Call with questions.

Thanks. Julia


did i ask you to fax copies of the hedy/bev letter to ginger?

signed,
al   ziemer


Hi Deskmates,

Owing to the multiplicity of Logins and Passwords and URLs we are priviliged to be constantly cognisant of, I am attempting to put together and organize most of the mission critical stuff that otherwise we have had to wade around and find.

The idea here is to put together URLs, Logins and Passwords, instructions from Don or Juan and ANY OTHER stuff that u might  think would make our lives marginally comfortable while tooling away at our trades.

I plan to do this on an ongoing basis and at no time do I think the organization will be ever considered 'over' so to speak. I would, with due permission of course, try and permanently enshrine this somewhere in M drive at a later date.

So pls feel completely free to drown, deluge me with stuff u wud like to see in such place yourself.

Happy organized working!!

Rgds,

Punit.

P.S : i hv some stuff here but pls do not hesitate me to send stuff u think i wud already have and shud hv had by now


u ah dead.


If you are going to be out of the office, please have your assistant send me
an e-mail (and copy Janette) with the dates you will be out and the telephone
number where you can be contacted.

Thank you.


Gregg,

The changes look fine.  I thought I had already made them in the draft I sent
to Coral the other day.  I guess I am losing my mind!

Stacy

	Gregg Penman@ENRON
	05/03/2001 01:06 PM

		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc: Steve Richman/Corp/Enron@ENRON
		 Subject: Re: Transaction Agreements

Stacy -
Steve spoke with Coral about the Transaction Agreements today.  They had the
following comments:
Transaction Agreement #1
1 - MaxDQ should be 20,346
2 - 3.2 and 3.4 - LD payment equal to $0.15 plus 1.7% x Spot Price rather
than $0.017 x Spot Price

Transaction Agreement #2
1 - 3.2 and 3.4 - LD payments consistent with Transaction Agreement #1 rather
than $0.20 and $0.25

I think these are all fine, but I wanted to run them by you.  I have made the
requested revisions to the attached Agreements for your review.  Let me know
what you think.

Thanks - Gregg

	Stacy E Dickson@ECT
	04/30/2001 10:36 AM

		 To: mdpalmer@coral-energy.com
		 cc: Gregg Penman/Corp/Enron@Enron@ECT, Steve Richman/Corp/Enron@ENRON
		 Subject: Transaction Agreements

Mike,

Attached are red-lined versions of the two Transaction Agreements for the
transaction between Coral Energy Resources and enovate which includes the
changes that we discussed.  Please call me at (713) 853-5705 with your
comments.

Stacy


As a valued member of the Contemporary Arts Museum's Board of Trustees, you have been selected for the Corporate Committee.  (You may have been assigned to additional board committees.  These committee chairs will contact you soon.)
The goal of the Corporate Committee is to bring in new and renewed Corporate Members at the $1,000, $2,500, $5,000 or $10,000 levels.  Their gifts will account for $40,000 - $50,000 of unrestricted operating support this year.
Your primary responsibility as a Corporate Committee member will be attendance at the year's only Committee Meeting, scheduled for Thursday, November 1 from noon to 1:30 p.m.  After the meeting, the development staff will work with you at your convenience by phone, fax and e-mail to draft solicitation letters, deliver them to your office for your signature and assist you in any way possible in your follow up efforts.
This year's committee will be chaired by G. Stephen Finley, Senior Vice President, Finance and Administration, and Chief Financial Officer at Baker Hughes Incorporated.  The November 1st meeting will take place at his office located at 3900 Essex Lane, Suite 1200.  Lunch will be provided.  Please R.s.v.p. to Amber Winsor at 713-284-8263.
Thank you for serving the Contemporary Arts Museum in this capacity.  If you have any questions, please contact me at 713-284-8265 or at kssoh@camh.org.
Karen Skaer Soh
Director of Development


---------------------- Forwarded by Tom Acton/Corp/Enron on 04/02/2001 11:45
AM ---------------------------

ronald_s_fancher@reliantenergy.com on 04/02/2001 11:32:33 AM
To: tom.acton@enron.com, liz.bellamy@enron.com
cc:

Subject: apr 3 noms

This is a multipart message in MIME format.
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Content-Type: application/X-MS-Excel; name="HPL-Apr.xls"
Content-Disposition: attachment; filename="HPL-Apr.xls"
Content-Transfer-Encoding: binary

 - HPL-Apr.xls


Just got word that Uncle Joe Kureska passed away at 7:00 P.M. He had been
going down the last few weeks. Debbie said he had a real bad infection. He
told Dad the other day that he was really hurting bad. Don't know any of the
funeral arrangements as yet I'm sure it will be sometime this week. Well all
for now talk to you'll later. Love .........Mom


what do you think?
----- Forwarded by Steven J Kean/NA/Enron on 02/01/2001 05:53 AM -----

	Sherri Sera
	01/30/2001 01:32 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: New Economy Conference with Senate Democrats

Steve, Jeff will be in Europe on the date of this conference.  Is it worth
joining and sending someone else ($25K sounds pretty steep to me, but
everything is relative!).  Please advise.  Thanks, SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 01/30/2001
01:31 PM ---------------------------

Chad Fitzgerald <cfitz@dscc.org> on 01/30/2001 01:20:32 PM
To: "'jeff.skilling@enron.com'" <jeff.skilling@enron.com>
cc:

Subject: New Economy Conference with Senate Democrats

Mr. Skilling,

The Democratic Senatorial Campaign Committee (DSCC) and Senators Daschle,
Murray, Wyden, Leahy, Bingaman, Kerry, Baucus, Carnahan, Durbin, Dorgan and
Schumer are hosting a series of discussions on the future of the New Economy
in Beaver Creek, Colorado on March 2-4, 2001.  At this time, we have about
40 executives from venture capital, communications and other high tech
businesses attending the conference.  Most of those attendees joined the
DSCC's High Technology Council in 2000.

The Council was created last year in order to create a bridge between
Democratic Senators and key leaders of the New Economy.  Throughout 2000, we
hosted dinners, meetings and conferences that gave high tech leaders and
Senators the opportunity to engage in an ongoing dialogue on the key issues
facing the nation.  As a result, the Senators and participants in the
Council were able to develop a solid understanding of the challenges facing
both government and business.  We hope that this effort has created a
foundation for strong, long-term relationships between the two groups.

The Conference in March is a continuation of last year's efforts, but we
will focus on a few of the key issues facing the New Economy to allow both
sides can drill down and gain a better understanding of some of the
opportunities and problems we will face in the near future.

In order to attend, you would need to become a member of the DSCC's High
Tech Council by donating $25,000 to the DSCC.  That would make you eligible
to participate in a series of events, conferences and meetings this year
with other industry leaders and Democratic Senators.

I have attached an invitation to the event, a registration form and
information on becoming a member of the Council.  We have reserved only a
small number of rooms for new members of the DSCC's High Tech Council.  If
you would like to attend, please let me know as soon as possible and please
do not hesitate to contact me regarding any questions, concerns or for more
information.  I can have a firm agenda to you in the very near future but I
am waiting on some feedback from people like yourself regarding the issues
they would like to discuss.  In your response, please let me know if you
have any particular issues that are of concern to you.

Thank you very much for your time and consideration.

Sincerely,

Chad FitzGerald
Director - DSCC High Technology Council
(202) 485-3156

 <<Invite.doc>>  <<Registration Form New Members.doc>>  <<DSCC HT
Council.doc>>

 - Invite.doc
 - Registration Form New Members.doc
 - DSCC HT Council.doc


The IPPNY/SSK communications effort for NY is finally a go!  Since I will be
on a train from Philly to NYC tomorrow during the Leadership call the
following is a quick summary of what's going on in NY.

IPPNY/EPSA
Gavin Donohue, Mark Stultz and myself met Tuesday for lunch and discussed
each organizations' communications efforts and the need for coordination
given the overlap in membership, the dual focus on NYC, and the costs
involved.

The EPSA effort is a "reassurance" campaign for states who have already begun
deregulation but who might be nervous to proceed after witnessing the CA
debacle.
EPSA is working with the Chamber of Commerce and is focused on four markets
(Boston, NYC, Baltimore and DC).
EPSA contracted with a PR firm out of Austin, TX and they have already
developed 3 broadcast advertising spots (Mark is on the steering committee
and should have access to the spots)
EPSA shared the spots with SSK and IPPNY yesterday (which SSK didn't like
very much)
The ads would run on PBS and cable - the media buys have not been purchased
yet.
Apparently EPSA developed the ads and are running them past focus groups as
we speak
Interestingly enough, the spot which they developed for the eastern states
used the word deregulation over and over (a word that is not popular here).
AND when tested among the opinion elites - they didn't know who PJM was!!
Lastly, the accompanying print ad isn't that impressive.
Mark will have access  to the ads and - as a steering committee member - will
have the opportunity to weigh in on the ad and decide whether to move to the
second phase of funding.
The good news is that EPSA has agreed to not interfere with what IPPNY is
doing in NY and will work with us as our efforts evolve.

IPPNY/SSK
During our meeting on Tuesday, we finalized the initial press release, and
agreed on the inserts for the press kit.  Apparently, Hillary Clinton and
other members of the NY delegation are holding an energy roundtable on
Monday.  IPPNY's press release will go out over the wires Monday around 11:00
am and will hopefully get dual coverage from reporters who are covering
Hillary's event.  I'll forward to you the final release but it generally says
that IPPNY is unveiling its Energy Solutions Program - a five point action
plan to address the long and short term energy needs of NY (designed to avoid
a CA-style energy crisis).  The plan includes energy conservation (which was
on the top of new yorkers minds in the statewide poll), accelerated siting
process, creation of an efficient, multi-state energy marketplace, upgrading
the state's power transmission system and encouraging utilities to enter into
contracts that protect consumers from volatile energy prices.

Gavin will be back in NYC on July 10th for media training and SSK is in the
process of lining him up for meetings with press outlets and other
organizations.

We're also planning to schedule him at various events around the state which
deal with energy issues.

We hope to host some sort of energy roundtable of our own at the IPPNY fall
meeting in October.

As for advertising, we don't have the funds or the commitment today but after
we launch this effort we're going to pull the participating companies
together to have a discussion about advertising and to guage whether they
want to support it with additional funds.

I'll get you final copies of the release and press kit as soon as they are
put together.

To date, Enron is in for 50K in NY but it's been an expensive three months of
research, and prep time and materials so managing the budget is going to be
an issue throughout the summer.

I will be in PJM all day Thursday to cover PJM's initial meeting for the
development of their communications office and get a rundown of their plans
for "messaging"


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stopped at no cost to you by sending a reply to this email address with the word remove in the subject line. This message is not
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has automated processors that will immediatly remove your email address from any further mailings.


It was a pleasure to meet you and to talk with someone who knows ERCOT, PJM,
etc.!  Thanks for taking the time on both Wednesday and Thursday to visit
with us.  You should be hearing from Lexi soon regarding our Super Saturday
event.

"Max Sell" <rudolf@mail.utexas.edu> on 10/10/2000 06:25:47 PM
To: <sally.beck@enron.com>
cc:
Subject: Thanks for the interview

Hi Sally,

I want to thank you for interviewing with me last Thursday.  You made the
interview more relaxing and I enjoyed our conversation.  After speaking with
you and the other Enron people, I've become very interested in Enron.  I
would be thrilled to come work with you at Enron.

Sincerely,

Max Sell


Hi Nancy,

We are getting geared up to look at the interconnection agreement and work on
the land lease.  Just thought you might want to put it on the list of fun
things to do in the future.

Kay


Markets Utility Stocks May Stall Amid Tech Rebound
Los Angeles Times, 12/12/00
INDIA: Enron India unit local lenders to cut rates.
Reuters English News Service, 12/12/00

Three Firms to Sell Natural Gas Instead of Selling Products That Use It
KRTBN Knight-Ridder Tribune Business News: The Dallas Morning News - Texas,
12/12/00

Activate ''Year-In-Review'' Factsheet
Business Wire, 12/12/00

Enron Sheds No Light on Consumer
The Times of India, 12/12/00

Enron deal can be nullified: Retd SC judge
The Times of India, 12/12/00

Green Mountain Applies To Be 10th Texas Elec Supplier
Dow Jones Energy Service, 12/11/00

The New Power Company Certified As A Retail Natural Gas Marketer In Georgia
PR Newswire, 12/11/00

USA: Big names dominate in Internet energy trading race.
Reuters English News Service, 12/11/00

Dynegy's New E-Commerce Site Had $1.5 Bln in November Trading
Bloomberg, 12/11/00

Business; Financial Desk
Markets Utility Stocks May Stall Amid Tech Rebound
THOMAS S. MULLIGAN
?
12/12/2000
Los Angeles Times
Home Edition
Page C-4
Copyright 2000 / The Times Mirror Company
NEW YORK -- Electric utility stocks, driven by strong power demand, falling
bond yields and defensive-minded investors, have had a remarkable year so
far.
The Dow Jones utility stock index is up 36% year to date, while most U.S.
blue-chip indexes are in the red.
But in recent weeks many utility stocks have flattened. California's current
power crisis notwithstanding, analysts note that we are headed into the part
of the year when electricity demand slackens.
Is the utility sector played out for now? Is it time to take profits and move
on?
Experts who follow electric utilities say much depends on the rest of the
stock market. It's no accident that major utility indexes hit bottom in the
second week of March, just as the tech-dominated Nasdaq composite index was
soaring to its all-time high.
Now, if tech stocks continue to recover from their spring and summer
collapse, that could divert money from utility shares, analysts say. When a
traditionally exciting sector like tech is red-hot, nobody wants to hear
about utility stocks, said Doris Kelley-Watkins, portfolio manager of the
Evergreen Utility Fund.
Many investors who initially piled into utility issues in winter and spring
were seeking a safe haven as Nasdaq plunged: With their high-dividend yields,
big utility companies have long been favorite defensive plays.
But then came the summer peak power-use season, and the country woke up to
the reality of an electricity shortage. Utility stocks zoomed. The terrific
gains "were a real boon to investors who came here thinking they were going
to be bored," Kelley-Watkins said.
Indeed, stocks of firms such as Dynegy (ticker symbol: DYN), Calpine (CPN),
Reliant Energy (REI) and Duke Energy (DUK) are up more than 70% so far this
year.
Kelley-Watkins, like a number of Wall Street analysts, believes that the
"easy money" in utility stocks already has been made. Nevertheless, there
will still be opportunities in the sector as long as generating capacity
stays tight--which it is sure to do for at least two or three more years, she
said.
Some new power plants will be coming online toward the end of 2002,
Kelley-Watkins added, but the current supply squeeze has been more than a
decade in the making and will not be quickly solved.
Hence, some of the biggest gainers this year are utilities that have
extensive energy-trading operations--Duke and Reliant, for example. They
could continue to take advantage of soaring demand and unusual volatility,
Kelley-Watkins said.
Dynegy and Houston-based Enron (ENE), the nation's biggest wholesale power
marketer as well as a major trader of natural gas and other commodities, are
among the Evergreen fund's biggest holdings.
Kelley-Watkins also thinks that Sempra Energy (SRE), parent of San Diego Gas
& Electric, has made a good transition from a heavily regulated owner of
power plants to an energy distributor and transmitter. But she shies away
from Sempra's giant California cousins, PG&E (PCG) and Edison International
(EIX, parent of Southern California Edison), which she considers too
debt-burdened.
Nobody welcomes a recession, but Timothy M. Winter, analyst at A.G. Edwards
in St. Louis, said an economic downturn probably would help utility stocks,
as many remain relatively cheap in terms of price-to-earnings ratios, and
would continue to be viewed as a defensive haven.
The presidential election outcome also matters, Winter said. Most Wall
Streeters think a George W. Bush victory would be a plus for the sector
because he probably would be more open than Al Gore to new power plant
construction.
Winter likes Progress Energy (PGN), formerly Carolina Power & Light, because
of its dominance in the fast-growing Southeast. His firm also recommends
American Electric Power (AEP) and Xcel Energy (XEL).
Michael S. Worms, analyst at Gerard Klauer Mattison in New York, said
although electric-utility earnings should continue strong into next year, it
will be hard to duplicate this year's 20% average profit gains. "We had a
phenomenal year because of tight capacity and high prices," Worms said.
Utility stocks probably would have done well on such business fundamentals,
but they also received a strong tail wind from the stumbling tech sector,
said Worms.
If tech shares have bottomed, and if the Federal Reserve speeds the market's
recovery with interest-rate cuts, that will hurt the performance of utility
stocks, Worms said.
His top pick is Calpine, even though shares of the San Jose-based energy
generator and marketer already have had an amazing two-year run, up 200% so
far this year, on top of a 400% surge in 1999.
(BEGIN TEXT OF INFOBOX / INFOGRAPHIC)
Running Low on Power?
Utility stocks surged in spring and summer, but the group has stalled
in recent weeks.
Dow Jones index of 15 major utility stocks, weekly closes and latest
Monday: 386.41
Source: Bloomberg News

GRAPHIC-CHART: Running Low on Power?, Los Angeles Times;
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA: Enron India unit local lenders to cut rates.

12/12/2000
Reuters English News Service
(C) Reuters Limited 2000.

BOMBAY, Dec 12 (Reuters) - The Indian unit of U.S. energy giant Enron said on
Tuesday that four local lenders have agreed to cut their rates on loans to
its project which is under fire from critics for producing costly power.
ICICI , Canara Bank, State Bank of India and Industrial Finance Corporation
of India have all agreed to cut rates by 450 basis points to 16.5 percent, a
spokesman of Dabhol Power Company told Reuters.
Dabhol Power Company is 65 percent owned by Enron and is implementing a
two-phase 2,184 MW power project in Maharashtra. Phase one of the project is
already in operation.
The cuts will help in lowering the tariff at which Enron sells power to the
Maharashtra government, he said.
The spokesman said the firm is considering a reduction in tariff but did not
reveal details.
Last week, Industrial Development Bank of India agreed to drop rates by a
similar margin.
The spokesman did not specify when the cuts by the financial institutions
would come into effect.
The state government wants the project to be reviewed but is yet to take a
final view.
Enron says the high tariff would come down next year when it switches over to
the cheaper fuel of natural gas from naphtha.
The project cost of $1.9 billion is financed 70 percent through debt.
Enron's project is among the few foreign power projects to have begun
operations since India opened up its power sector in 1992.

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

Three Firms to Sell Natural Gas Instead of Selling Products That Use It
Terry Maxon

12/12/2000
KRTBN Knight-Ridder Tribune Business News: The Dallas Morning News - Texas
Copyright (C) 2000 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Here's how expensive natural gas has become: Three companies decided Monday
they could make more money from selling their natural gas than from selling
products using natural gas.
Natural gas prices hit yet another all-time high Monday, closing at $9.413
per million British thermal units on the New York Mercantile Exchange. That
represented an 83-cent increase from Friday's close, up 9.6 percent.
Two fertilizer manufacturers, Terra Industries Inc. and Mississippi Chemical
Corp., said they were selling natural gas that normally would go to make
nitrogen, ammonia or other products.
And oil company Seneca Resources Corp. said gas normally used to boost heavy
oil production in a California field would be sold instead.
Jeff Shorter, vice president of TXU Energy Trading in Dallas, said he's not
surprised to hear companies are selling their natural gas rather than using
the gas to make their products.
"I don't think that's the last of them either," Mr. Shorter said.
He said he expects other companies to come to the same decision as Terra.
There are a number of companies that have fully hedged their natural gas
purchases at lower prices, and can make a profit that "far exceeds" what they
can earn from selling their core business products, he said.
He noted that the prices in spot markets Monday were even higher than in
NYMEX trading. Gas for Midwest delivery ranged from $11 to $13 and $14, and
New York gas was at $12 and higher.
"Typically, in the winter time we have a great deal of volatility which you
don't see in the futures market," Mr. Shorter said.
Spot prices have been much higher in the West, where restricted natural gas
supplies, shut-down generators and low levels of water for hydroelectric
plants have contributed to skyrocketing electricity prices.
Terra, based in Sioux City, Iowa, said it closed one of two ammonia plants in
Verdigris, Okla., and its Blytheville, Ark., plant this month, so it could
sell the natural gas used by those plants. It is profiting about $2 to $3 per
MBtu on the gas it is reselling.
"The natural gas price increase since our December requirements were
purchased for Verdigris permitted us to sell a portion of those purchases and
generate higher gross profits than could be realized from selling the
products manufactured with the natural gas," said Michael L. Bennett, Terra
executive vice president and chief operating officer.
On Nov. 30, Terra said it was closing its Beaumont plant because it couldn't
make a profit at current gas prices.
Terra said then that its production costs would exceed selling prices when
natural gas prices climbed above $6. When the decision was announced Nov. 30,
NYMEX gas prices closed at $6.673 an MBtu. Since then, the prices have risen
nearly $3.
Terra said it would re-evaluate the situation toward the end of December.
Mississippi Chemical said it was selling all of its futures contracts for
natural gas to lock in the current prices. It said it would post a $16
million pre-tax gain by selling the gas contracts.
The company's president and chief executive officer, Charles O. Dunn, said
selling the natural gas was in Mississippi Chemical's "best interests."
"We remain committed to the nitrogen business and our customers, but we also
have to take advantage of opportunities to optimize cash flow during these
challenging times," Mr. Dunn said. "It is our belief that the current
unprecedented natural gas prices are unlikely to be sustained during the
intermediate term."
Seneca Resources, based in Buffalo, N.Y., said Monday it would sell the
natural gas it had been using for its steam injection project at a California
oil field. It expects to post a pre-tax profit of about $31,000 a month, it
said.
"In light of the current natural gas shortage in California, we felt it was
important to curtail our steaming operations and allow that gas to be used to
heat homes and generate electricity," Seneca president James Beck said.
In at least one case, high electricity prices have induced a company to sell
off the electricity for which it has contracted rather than continue
operations.
On Sunday, Kaiser Aluminum & Chemical Corp. said it would close its Pacific
Northwest smelters until at least Oct. 1, 2001, and was selling the
electricity those plants would have used.
Although it must pay laid-off employees a portion of their salaries, the
power sales from December alone will bring Kaiser $52 million.
Mr. Shorter of TXU and Mark Palmer, spokesman for Houston energy company
Enron Corp., said the arrival of cold weather and the sharply higher natural
gas prices have brought more companies to their doors asking for help in
managing their energy costs.
"Volatility is good for us," Mr. Palmer said.
Mr. Shorter said the price of natural gas has justified a switch from natural
gas to fuel oil for a number of their customers.
Supplies of natural gas have remained adequate, but companies that didn't
prepare for winter energy costs will feel a financial hit, Mr. Shorter said.
"You're going to see a real economic strain in a lot of geographic regions --
if not nationally -- on the economic viability of a lot of these companies"
that had no program to manage energy risks or had plans that were
"ill-advised or improperly timed," he said.
Terra senior vice president Mark Rosenbury said Monday the company will look
at gas prices between Christmas and New Year's to see if it can profitably
buy natural gas and reopen the shuttered plants.
Mr. Rosenbury said he sees the current spike in natural gas prices as "an
aberration" and expects prices to fall to historical norms of $2 to $3 fairly
soon.
"Maybe it's longer than I think. But the cost of finding, producing and
selling natural gas doesn't command the price it's at today," he said.

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

Activate ''Year-In-Review'' Factsheet

12/12/2000
Business Wire
(Copyright (c) 2000, Business Wire)

SEATTLE--(BUSINESS WIRE)--Dec. 12, 2000--Activate emerged as a leading
digital media services company, Webcasting a record number of live events and
winning two industry awards to cap a year of dramatic growth.
A majority-owned operating company of CMGI, Activate's business has grown
15-30X across all key metrics, both in volume and scope of work. Over 8,000
businesses employed Activate's broad range of digital media services,
including production and distribution of online live and on-demand events for
both business communications and consumer events. In addition, Activate
experienced over 100 million streams in 2000.
"This has been quite a year for Activate," said Jeff Schrock, CEO and founder
of Activate. "We've been fortunate to be involved in this industry from the
very beginning and it has been exciting to see the digital media explosion
over the last year. Activate's goal continues to be providing our customers
with high-quality, cost-effective digital media solutions and we were
fortunate to end the year on a high note, receiving two industry awards from
Computerworld and Network World for our network performance and service
offerings."

Notable Activate milestones for 2000 include...

NETWORK

-- Recognizing the broadband evolution, Activate focused on key
network innovations, including cell-based server architecture.
Activate's advanced network boosts bandwidth efficiency,
increasing the company's peak capacity and refining Activate's
load balancing and caching techniques. These enhancements
contributed to Activate's Blue Ribbon win in Network World's
Streaming Media Review, beating Akamai, iBeam and Digital
Island.

-- Coordination and cross-connection with other content
distribution networks (CDNs), including Mirror Image, Enron,
Digital Island, and AT&T. These skills led to a significant
role in MSN's multi-network Webcast of Madonna's London
concert, which was produced by sister company Navisite.

AUDIENCE REACH

-- With over 40,000 Webcasts in 2000, Activate streamed more live
events than any other service provider, including Akamai,
iBeam and Digital Island. Live events ranged from concerts for
the Backstreet Boys and corporate announcements for Compaq,
Amway and Microsoft to Seattle Seahawks game Webcasts and a
political rally for Ralph Nader.

-- Activate experienced new peaks in bits-per-second simultaneous
transmission, total simultaneous viewers and total bytes
transferred. These peaks resulted from combined audiences of
hundreds of simultaneous events during Activate's highest
traffic periods, averaging over 25 million streams per
quarter.

-- Acknowledging the impact of the World Wide Web, Activate
partnered with European streaming media provider Unit.net to
ensure global reach.

BUSINESS EXPANSION

-- Activate expanded into a 60,000 square foot production and
operations center in Seattle, and additional operational and
sales locations in New York, San Francisco, Los Angeles,
Boston and Chicago. This growth complements the continued
growth of Toronto-based Activate Canada, the leading streaming
media provider in the Canadian market.

INDUSTRY REACH

-- Financial: Since Regulation FD went into effect, Activate
established a 75 percent market share in the financial space,
broadcasting nearly 4,000 earnings calls in the third quarter.

-- Entertainment: Activate's digital media solutions were a
breakthrough hit with the entertainment industry, including
partnerships with BMG, MTVi and Miramax. From pop and rock to
jazz and hip-hop, Activate provided digital media services for
today's hottest artists including Jay-Z, P!NK and Christina
Aguliera.

-- Advertising: Activate partnered with AdForce and Engage to
expand streaming advertising, developing live and on-demand ad
insertion solutions.

About Activate

Activate is a leading digital media infrastructure services company.
Activate's services include: event Webcasting for business communications and
consumer live events, live 24x7 Webcasting for radio, TV and Internet-only
programming, and on-demand Webcasting of audio and video content to enhance
any Web site. Major clients include Microsoft, Dell, Unocal, AIMR,
Rivals.com, National Public Radio, and CTV Sportsnet.com. Activate received
the Blue Ribbon award from Network World's Streaming Media Review and has
been named by Computerworld as one of the top 100 emerging companies to watch
in 2001. A majority owned operating company of CMGI, Inc., Activate is based
in Seattle with offices in New York, San Francisco and Toronto. For more
information about the company or its services, please visit www.activate.net
or call 206/830-5300.

CONTACT: Activate Brooke Davis, 206/830-5716 brooked@activate.net or The
Weber Group Rachel Dressler, 503/552-3742 rdressler@webergroup.com
07:01 EST DECEMBER 12, 2000

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

Enron Sheds No Light on Consumer
DARRYL D'MONTE

12/12/2000
The Times of India
Copyright (C) 2000 The Times of India; Source: World Reporter (TM)

BY any reckoning, the ongoing controversy over the price of electricity
produced by the US multinational, Enron, in Maharashtra, demonstrates how the
power elite in this country has been guilty of waiving all normal checks and
balances in its haste to favour this single producer. Indeed, as Abhay Mehta,
the author of the incisive expose of the project titled Power Play says,
there is little point berating the American company for taking us for a ride
when politicians from parties across the spectrum and a galaxy of bureaucrats
and public agencies vied with each other in rolling out the red carpet.
Maharashtra energy minister Padamsinh Patil has now contradicted his
coalition chief minister's assurance that the second phase of the project
would be reviewed. This is not the customary double-talk of politicians but
the tacit acknowledgement that Mr Patil's National Congress Party mentor
Sharad Pawar was responsible as chief minister for pushing through Enron's
first phase despite countless objections to what is simply the biggest
purchase contract in India's history and one of the largest in the world. In
1993, Mr Pawar went on record that issues such as the import of fuel, total
foreign exchange outgo and presumably the power tariff were minor issues to
be clarified and that the Foreign Investment Promotion Board would take a
decision on them at the time of final review.
These are precisely the issues that are coming home to roost. With the
built-in escalation clauses in the infamous power purchase agreement, which
permits increases in tariffs with a hike in the dollar exchange rate among
other factors, the price of power is now over Rs 7 per unit and it is certain
to rise further. This will impose a crippling burden on consumers not only
householders but, ironically enough, industries, negating the very economic
growth that private producers like Enron were supposed to foster. When Mr
Pawar capitulated to virtually every demand of the US company, the capital
cost was already over twice that of comparable projects elsewhere in the
world.
Although Enron is often described as one of the world's leading power
companies, it is mainly engaged in distributing gas. In 1993, only one per
cent of its revenue was earned on producing power. Its use of imported
liquefied natural gas as fuel for the Dabhol plant was some four times more
expensive than coal, of which India has an abundance. The World Bank, itself
an ardent votary of privatisation, criticised the project on several grounds.
Since it would amount to one-fifth of the Maharashtra State Electricity
Board's capacity, it was likely to have an adverse financial impact, the Bank
stated. Consumers would not be willing to pay such a high price and it
concluded, on economic grounds, that the project was not viable. The Central
Electricity Authority (CEA) also pointed out that the project departed from
the norm, especially in denominating prices in US dollars. However, Mr Pawar
decided to bypass the CEA and overcome the objections of the World Bank and
others.
At the time, the opposition parties in Maharashtra, the BJP and Shiv Sena,
accused Mr Pawar of corruption in shepherding the project through. Mr
Gopinath Munde of the BJP made his famous boast that they would throw the
project in the Arabian sea. When they came to power in 1995, they appointed a
committee to examine whether the project served the state's interests. The
committee accused the previous government of committing a grave impropriety
under circumstances which made the Enron/MSEB arrangement on Dabhol lack
transparency. It came to the irresistible conclusion that several unseen
factors and forces seem to have worked to get Enron what it wanted. On this
basis, the state government cancelled the first and second phases.
The cancellation raised several protests. Manmohan Singh claimed that it
could not be done. Then US ambassador Frank Wisner warned of the consequences
(he joined Enron as a director the very day after he finished his stint in
India). However, the redoubtable Rebecca Mark of Enron flew down to meet Bal
Thackeray, the self-proclaimed remote control of the BJP-SS coalition, for a
second time. On this occasion, she must have used her considerable persuasive
powers to convince the Sena leader to backtrack on the cancellation and the
government announced renegotiations.
The total payments to Enron under the new agreement was a staggering $35
billion over the project's lifetime and in a blatant misrepresentation, the
government claimed it had lowered the tariff. The final straw was in May 1996
when Mr Vajpayee's 13-day minority government ratified the Centre's
counter-guarantee to Enron on its very last day in office. When the CITU and
Abhay Mehta filed a public interest petition in the Mumbai high court against
the project, the arguments given by Enron's lawyers and those representing
the government were tendentious to the point of being farcical. Chief
minister Manohar Joshi filed an affidavit to make out that his government's
earlier allegations of fraud were made on the basis of newspaper reports.
Enron got its way and the project went on stream.
Even granting that several states were bending over backwards to attract
foreign investment in the early nineties, the concessions which were extended
to Enron were not merely extravagant but unconstitutional. The financial and
legal guarantees committed the Indian state in a manner which no
self-respecting country would endure. Much of the political-bureaucratic
class connived at this subversion of the rule of law. The power purchase
agreement in particular violated the Electricity Supply Act. The Maharashtra
government's finance department had admitted in 1994 that if the central
government paid the company any sums by way of its guarantee, these would be
deducted from the state's RBI account.
It is this unconstitutional agreement which ought to serve as the basis for
questioning the entire Enron agreement in court. It is obvious that it is
against the public interest and it could conceivably be demonstrated that the
power elite has acted in its own interest and against that of the Indian
people. There is already a precedent in Pakistan where a power purchase
agreement with Enron which had a substantially lower cost per MW than
Dabhol's was cancelled. Two MoUs which the Karnataka government signed with
another US power company, Cogentrix, were also terminated.

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

Enron deal can be nullified: Retd SC judge

12/12/2000
The Times of India
Copyright (C) 2000 The Times of India; Source: World Reporter (TM)

MUMBAI: Retired high court judge Hosbet Suresh has stated that the agreement
signed between the Maharashtra State Electricity Board (MSEB) and the Dabhol
Power Company (DPC), a subsidiary of US-based Enron, can be nullified. The
DPC spokesperson was not available for comment.
The state government would be within its rights to cancel the 1993 Power
Purchase Agreement on grounds of protection of public interest, he said.
``The power that the Enron plant produces is twice as expensive as its
nearest competitor and seven times as expensive as the cheapest electricity
available in Maharashtra. The fixed charges, whether MSEB buys electricity or
not, alone works out to Rs 1,000 crore a year for Phase I and nearly twice
the amount for Phase II and the amount is to be paid for the next 40 years !
What public interest does it serve ?'' Mr Suresh asked in his opinion given
to the Enron Virodhi Andolan.
The implications of this agreement is to ``exploit'' the people, he said in
his five-page statement, adding that ``the government has an obligation to
end such exploitation''.
Questioning the erstwhile Shiv Sena-BJP government's decision to withdraw the
court case against the DPC, Mr Suresh sought to bring forth the
inconsistencies during the alliance rule. The Sena-BJP had challenged the PPA
declaring it as a ``fraud'' as it was not in keeping with public policy,
consumer interest and interest of the state. ``This suit was withdrawn
without any of the contentious issues on law and on facts being decided. The
government renegotiated without complying any of the requirements under the
law,'' Mr Suresh observed.
``The concealment of relevant facts from the public, the unsatisfactory
explanation for withdrawing the suit .... all lead to one thing namely that
the government at no time had any regard for public welfare...,'' he said.
Mr Suresh also pointed out to the earlier petition filed by BJP leader Ramdas
Nayak who had challenged the contract to Enron as it was awarded without the
process of competitive bidding. Mr Nayak's petition, however, was dismissed
on August 19, 1994 and all subsequent petitions which sought to challenge the
PPA were also given similar treatment, he said, adding ``without the courts
going into he validity of the agreement''.
``Electricity is not a matter of commerce. It is a necessity like light,
water and air. There can be no monopoly in this. If someone wants to trade on
these elements, he may do so provided he does not exploit the people,'' Mr
Suresh said.

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

Green Mountain Applies To Be 10th Texas Elec Supplier

12/11/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Green Mountain Energy Co. said Monday it has filed an
application with the Texas Public Utility Commission to become a retail
electric provider when Texas launches retail electric competition Jan. 1,
2002.
At least nine other companies also have filed applications, but Green
Mountain said it is the first energy company to apply for a Texas license to
sell renewable power, such as wind, sun or hydropower.
"We are looking forward to the prospects of doing business in Texas, and we
are excited to see regulatory rules being put in place to promote
competition, creativity and innovation in the marketplace," said Gillan
Taddune, Green Mountain's Texas regional manager.
The PUC has approved one REP application from a large industrial company, but
the Dallas-based firm, TXI Power Co., only wants to buy electricity to supply
its own plants.
Other non-utility companies that have filed applications to be certified as
Texas retail electric providers, or REPs, include: Sempra Energy Solutions, a
unit of Sempra Energy (SRE); Enron Energy Services and Enron Power Marketing,
both units of Enron Corp., (ENE); New Power Co., formed this year by Enron,
International Business Machines (IBM) and America Online Inc. (AOL); and
Shell Energy Services Co., a unit of Royal Dutch/Shell Group (RD).
Affiliates of existing Texas utilities have also filed to become REPs.
First Choice Power, a subsidiary of TNP Enterprises Inc. has filed. TXU Corp.
(TXU), the state's largest investor-owned utility and Reliant Energy (REI),
the second largest, also recently filed two applications to create two REPs,
one to sell power to large commercial and industrial customers and one to
sell power to smaller customers.
More companies are expected to begin the certification process in Texas
before the end of the year as market rules are finalized. Independent
suppliers watching the Texas market include: AES NewEnergy Inc., a unit of
AES Corp. (AES); and Exelon Energy (EXC).
To be certified, an entity must hold an investment grade credit rating, have
$50 million of net worth or have cash resources of $100,000.
REPs will be subject to PUC enforcement actions, including penalties,
suspension and revocation for violations.
A pilot program involving 5% of the state's power customers will begin in
June. -By Eileen O'Grady, Dow Jones Newswires; 713-547-9213;
eileen.ogrady@dowjones.com

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

The New Power Company Certified As A Retail Natural Gas Marketer In Georgia

12/11/2000
PR Newswire
(Copyright (c) 2000, PR Newswire)

PURCHASE, N.Y., Dec. 11 /PRNewswire/ -- TNPC, Inc. (NYSE: NPW), parent of The
New Power Company, the first national residential and small business energy
provider, today announced it had received its certificate as a retail Natural
Gas Marketer from the Georgia Public Service Commission. The New Power
Company will begin to serve natural gas consumers in Georgia in 2001.
The New Power Company was formed by Enron, the largest trader and marketer of
electricity and natural gas in North America. In June, the Company acquired
approximately 300,000 natural gas and electricity accounts in eight states
from the Columbia Energy Group, which includes approximately 83,000 natural
gas customers in Georgia - roughly 6 percent of the market.
The New Power Company began acquiring electricity customers in select utility
markets in Pennsylvania and New Jersey in October 2000. In addition, the
Company has been awarded 299,000 electricity customers by PECO Energy Company
under its "Competitive Default Service" program.
About TNPC, Inc.
TNPC, Inc. (NYSE: NPW), through its subsidiary, The New Power Company, is the
first national provider of electricity and natural gas to residential and
small commercial customers in the United States. The Company offers consumers
in restructured retail energy markets competitive energy prices, flexible
payment and pricing choices, improved customer service, and other innovative
products, services and incentives.

/CONTACT: Investors - June Filingeri, Vice President, Investor Relations,
Jfilinge@newpower.com, 914-697-2431, or Media - Gael Doar, Director of
Communications, gdoar@newpower.com, 914-697-2451, both of TNPC, Inc./ 17:29
EST

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

USA: Big names dominate in Internet energy trading race.
By Gelu Sulugiuc

12/11/2000
Reuters English News Service
(C) Reuters Limited 2000.

NEW YORK, Dec 11 (Reuters) - All bar the biggest of the much-heralded online
energy exchanges are struggling to generate liquidity as the oil community
sticks with tried and trusted trading habits, analysts and traders said.
While most of the 30 online energy exchanges that have sprung up over the
last year keep liquidity figures close to their chest, analysts say that the
big names - IntercontinentalExchange (ICE) and EnronOnline - are pulling
clear.
"You can juice up numbers any way you want, but the one that's succeeding
today is ICE," said Peter Fusaro, president of energy e-commerce consultants
firm Global Change Associates. "The others are floundering because they have
no liquidity."
ICE which enjoys the backing of such industry heavyweights as BP, Royal
Dutch/Shell and TotalFinaElf, traded a total of 200 million barrels of crude
and products in the month after it began operating in October.
Like all the new energy platforms - which mainly host "over-the-counter"
contracts traded outside regulated exchanges, - this is dwarfed by volumes
posted on the New York Mercantile Exchange (NYMEX).
Volumes on Friday alone on NYMEX crude for January delivery reached almost 40
million barrels of crude oil and almost 25 million barrels of heating oil.
Smaller online exchanges such as RedMeteor.com and HoustonStreet Exchange
hosted online trades of just 3.5 million barrels and 2.5 million barrels
respectively of heating oil in the entire month of October, industry sources
said.
TIED TO TRADITION
Oil volumes have taken time to pick up because many traders are reluctant to
give up brokers and switch to the internet, afraid of making costly mistakes
trading online.
"There are brokers that have been around for a long time and have established
personal and business relationships with traders," said Tom Knight, an
independent online trading consultant.
Oil's recent dizzying price volatility has also deterred traders from using
online exchanges, fearing that a swift market move could turn a profitable
Web trade into a ruinous one in a matter of minutes.
"You can't take your trade off (the online exchange) fast enough," a trader
who uses EnronOnline and Altra said.
Old habits dying hard in the oil community means the younger markets of
natural gas and power hold the key to the new platforms' liquidity growth.
Leading the way is EnronOnline, which boasts an average daily volume of $10.5
billion and 35,000 transactions in more than 30 commodities, smashing initial
targets of a $30-$40 billion yearly trading volume.
Main competitor Dynegydirect has posted a total transaction volume of only
$1.5 billion since it began trading Nov. 1.
Traders and analysts said that EnronOnline is already becoming so big that it
can set the tone for the natural gas cash market by itself.
"On the ICE, players don't want to make a better offer than Enron," a trader
said. "The only thing that's still not swayed by Enron numbers is NYMEX."
THREE MODELS
Among three competing business models, Dynegydirect and EnronOnline provide a
market where players can only trade with the company that operates the site.
Other platforms, like ICE, act like an intermediary, but provide only
financial products such as swaps and options.
A third group that includes RedMeteor.com, Altra and HoustonStreet focuses on
physical markets and acts as a clearinghouse for oil, natural gas and
electricity trading.
Despite the slow start for some sites, analysts agree that more energy
trading will migrate online as commission costs go down.
Knight predicted that within five years more than 50 percent of crude and
refined products trading will be done online, with gas and power shifting to
the Web even faster.
Yet only a few Web exchanges will enjoy the windfall. Analysts forecast that
a wave of mergers and consolidations will leave only a small number of
profitable online exchanges.
NYMEX hopes its own online exchange, enymex, will be part of that group, but
it will face stiff competition when it finally launches in the second quarter
of 2001.
"It will be difficult for enymex to compete six months for now with ICE and
EnronOnline," Fusaro said.

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

Dynegy's New E-Commerce Site Had $1.5 Bln in November Trading
12/11/0 17:37 (New York)

Dynegy's New E-Commerce Site Had $1.5 Bln in November Trading

     Houston, Dec. 11 (Bloomberg) -- Dynegy Inc., a U.S.
electricity and natural-gas trader, said its Internet trading
site, Dynegydirect, had more than $1.5 billion in transactions in
in November, its first month of business.
     More than $1 billion of the business came from new customers,
Dynegy spokesman Steve Stengel said. Dynegydirect's customers
trade exclusively with Dynegy, not with each other. The Web site
has more than 400 companies buying and selling North American
power, natural gas and natural gas liquids.
     Dynegydirect plans to start trading coal, emission allowances
and weather derivatives in the first quarter. International energy
products and bandwidth are scheduled to be added in the second
quarter.
     Shares of Houston-based Dynegy rose $4.19 to $53.75.
     EnronOnline, the 1-year-old on-line market owned by Enron
Corp., the world's biggest energy trader, trades about $2.4
billion a day, or about $12 billion a week.
     IntercontinentalExchange, an Internet market for energy and
precious metals backed by 85 energy and financial companies,
traded about $6 billion in oil, natural-gas and electricity in its
first week in mid October.
     ICE brings buyers and sellers together to negotiate trades.
On EnronOnline, only Enron trades with other companies.
     Bloomberg LP, the parent of Bloomberg News, competes with ICE
and others with its PowerMatch trading system.

--Margot Habiby in Dallas, (214) 740-0873 or
mhabiby@bloomberg


Hotel E Mail Blast
(August 24, 2001)

New York Road Runners and our partner, Total Travel Management is pleased
to offer New York City Marathoners special discounted hotel rates and
Continental Airlines airfare for your trip to New York this November.

To take advantage of this special offer, please contact Total Travel
Management today at (516) 222-9229 or via email at ttmny@ix.netcom.com.
This is a very busy week in New York so please make your reservations
early!

Total Travel Management can secure your reservations for any of the
following hotels:

2001 Official Hotels

Belvedere*
319 West 48th Street
$190 single/double

Best Western President*
234 West 48th Street
$249 queen/twins
$299 junior suite

Best Western Woodward*
210 West 55th Street
$215 single/double
$239 double/double

Clarion Hotel*
3 East 40th Street
$229 single/double

Crowne Plaza
Manhattan
1605 Broadway
$269 single/double**
$295 single/double*
Doubletree Club Suites*
455 Washington Ave.
Jersey City, NJ (15 min. to NYC)
$129 single/double
(Kitchenette)

Empire**
44 West 63rd Street
$195 single
$215 double/twins
$240 queen/double-double
$255 mini suite
$285 junior suite

Essex House
160 Central Park South
$335 city view
$350 park view

Fitzpatrick Grand Central*
141 E. 44th Street
$205 single/double

Flatotel*
135 West 52nd Street
$250 single/double $350
1BR suite (w/kitchen)

Helmsley Park Lane*
36 Central Park South
$285 city view
$330 park view

Hilton Times Square*
234 West 42nd Street
$265 single/double

Hudson Hotel*
356 West 58th Street
$235 single/double

InterContinental*
111 East 48th Street
$269 single/double

Le Parker Meridien*
118 West 57th Street
$265 king city view
$270 double/double city view
$290 park view
$350 junior suite

Lyden Gardens*
215 East 64th Street
$329 1BR (w/kitchen)
17. Marriott World Trade Center*
3 World Trade Center
$200 single/double

Mayflower Hotel**
15 Central Park West
$225 single
$245 double
$320 1BR suite

Milford Plaza*
700 Eighth Ave.
$169 single/double

Hotel Pennsylvania*
401 Seventh Ave
$149 single
$159 double

The Time*
224 West 49th Street
$229 single/double
$249 queen
$269 double/double

The Warwick
65 West 54th Street
$275 single/double

* 2-night minimum required
** 3-night minimum required

Airline Discounts
Total Travel Management has arranged special airline discount on
Continental Airlines, the official airline of the New York City Marathon:
10% off lowest available fare at least 60 days prior to travel
5% off lowest available fare within 60 days prior to travel

To make reservations, please call Continental's Meeting Works at
800.468.7022. Please reference UFWOT4 Code ZK9Q or contact Total Travel
Management to book your special fare.

If you do not live in a city served by Continental Airlines, discounts are
available on other airlines:

AIRLINE 		DOMESTIC CODE		INTERNATIONAL CODE

American Airlines: 	AN#29H1AM			AN#29H1AM
Delta Airlines: 	#175940A 			#175941A

Please call Total Travel Management with any questions.

For a downloadable and printable version of this information, please log
onto nycmarathon.org.

HOTEL ACCOMODATIONS FORM
Print and mail or fax one form per room. Photocopy if necessary. Please
type or print clearly.  Credit Card information is necessary to guarantee
reservations.
Incomplete forms will not be processed.

Runner's Name (1)_______________________________________
Runner's Name (2)_______________________________________
Mailing Address_________________________________________
Telephone number (      ) __________________________________
Contact Person (if different than runner's name) _________________________
Hotel preference
#1________________#2____________________#3____________________
Arrival date_____________Departure date_____________________
Room type: Single (1person/1bed)_____Double (2 people/1bed)____
Twin (2 people/2beds)___________
Credit Card: (Circle one)  American Express   Discover  MasterCard   VISA
Credit Card Number: _____________________ Expiration date: ______________
Do you wish to be contacted regarding airfare information?______________

Please complete this form and mail or fax to:

	Total Travel Management
	333 Earl Ovington Blvd.
	Uniondale, NY  11553
	Fax: (516) 222-9242

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unsubscribe@nyrrc.org with the following subject line: Remove : MA153053


When entering a supplemental deal to sell or buy energy for a service
customer with a profit sharing arrangement, we need to enter that service
customer as the counterparty in CAPS, and then when the customer is the
counterparty in CAPS, the price MUST be zero(or subtract transmission and/or
scheduling fee) in Enpower.  If we buy the energy outright from our service
customer (such as with CRC), then we enter ECTRT as the counterparty in CAPS,
and input the appropriate price to pay the service customer in Enpower.  If
we enter the service customer as the counterparty in CAPS and also enter a
price greater than zero in Enpower to buy from that customer, we do NOT
receive the revenue from California AND we pay the customer the fixed price.
Everyone needs to understand this.  IF you have any questions, please ask me,
or a senior member of the group.

If you have other questions concerning physical or financial aspects of RT
please ask me or bring them to the meeting.

Bill


Please note on 10/24/01 West Power lost approximately $11.0MM (preliminary) from curve shift.

We lost curve shift mostly in NP15 ($-1.8MM) and SP15 ($-5.0MM), and also change in existing deals ($-2.3MM). Please see the attached file for curve shift by delivery point by year.

Please let me know if you have any questions.

Thanks,

Nick Warner
503.464.3957


This is to remind you that various anonymous reporting facilities are
available for you to report violations of Company policy and suspected
criminal conduct by any officer, employee, or agent of Enron relating to the
performance of his or her duties.  These reporting facilities are also
available for your questions, messages, comments, and suggestions.

 Any policy violation or criminal conduct may be reported by letter, e-mail,
or voice mail, as set forth below, describing the suspected violation or
criminal conduct with as much detail as possible to allow Enron to conduct an
investigation of the reported matter.

1. Letters should be sent to the Confidential Post Office Box:

Enron Compliance Officer
Confidential - Conduct of Business Affairs
P. O. Box 1188
Houston, Texas  77251-1188

2. E-mails should be sent to the Office of the Chairman,s e-mail box:
Employees with Enron e-mail can access this box by sending an e-mail to the
Office of the Chairman.  Simply type &Office of the Chairman8 in the address
box, type your message, and send.  Your message will be completely
anonymous.  If, however, you copy your message and e-mail it to someone else,
the copy will not be anonymous.

3. Voice mail messages should be left with the Office of the Chairman voice
mail box.  You can access the Office of the Chairman voice mail box at (713)
853-7294.  If you call from your extension or an outside line, your message
will be completely anonymous.  If, however, you access the voice mail box
while you are in the Enron voice mail system, your message will not be
anonymous.

 You may, but are not required to, identify yourself.  If you would like to
identify yourself, please submit your name and phone number with your letter
or message.  All anonymously reported matters will be investigated and acted
upon in the same manner as those that contain signatures.

 We take great pride in ensuring that Enron is a great place to work.  We
encourage each employee to continue to conduct Enron's business affairs in
accordance with all applicable laws and in a moral and honest manner.


Steve,  Could you summarize what these docs are?  JR

-----Original Message-----
From: Hotte, Steve
Sent: Wed 12/26/2001 2:01 PM
To: Piper, Greg; Beck, Sally; Rub, Jenny
Cc:
Subject: FW: Revised Settlement Documents

As per my previous note, the methodologies may change, but keeping you posted as to the current direction.

 -----Original Message-----
From:   Hayslett, Rod
Sent:   Wednesday, December 26, 2001 1:19 PM
To:     Barnes, Caroline; Brassfield, Morris; Cherry, Paul; Geaccone, Tracy; Gilbert, Steve; Hotte, Steve; Howard, Kevin A.; Keiser, John; Peters, Jerry; Ratner, Michael; Saunders, James; Stern, Ellis

Subject:        FW: Revised Settlement Documents
Importance:     High

Confidential - but comments are desired to me.   Very short fuse however.

-----Original Message-----
From: Fossum, Drew
Sent: Wednesday, December 26, 2001 10:05 AM
To: Hayslett, Rod
Subject: FW: Revised Settlement Documents

Here they are.  DF

-----Original Message-----
From: richard.levine@weil.com [<mailto:richard.levine@weil.com>]
Sent: Wednesday, December 26, 2001 7:24 AM
To: Fossum, Drew
Subject: Revised Settlement Documents

Attached are the revised settlement documents we sent to BakerBotts on
Christmas Eve.  We, of course, have not yet heard back.  Was Rod Hayslett's
concern just going to the Closing Date concern you raised (which we will
try to address, perhaps by requiring "X" days notice of a scheduled
closing)?

---------------------- Forwarded by Richard Levine/NY/WGM/US on 12/26/2001
08:18 AM ---------------------------

Richard Levine
12/24/2001 07:48 PM

To:   rebecca.robertson@bakerbotts.com, srosenfeld@paulweiss.com
cc:   Greg Danilow/NY/WGM/US@WGM, Richard Rothman/NY/WGM/US@WGM, Martin
      Bienenstock/NY/WGM/US@WGM, rtufaro@milbank.com
Subject:  Revised Settlement Documents

While we are sure clean-up is needed (such as converting the defined term
"Mutual Release" to a new defined term ("MCTJ Settlement Agreement")
throughout the documents and, we suggest, defining Dynegy Inc. and Dynegy
Holdings as "Dynegy" for simplification purposes), the attached are
designed to address your major concerns, including that CGNN not be a party
in the Adversary Proceeding, with protections designed to prevent Dynegy
from using that change to attempt to preclude Enron from suing for damages
for wrongful exercise under the Option Agreement -- which we understand to
be part of the agreement reached last week.  We look forward to your
comments.  Merry Christmas.

(Settlement Agreement f/k/a Mutual release) (See attached file:
n38102!.DOC)
(Settlement Agreement f/k/a Mutual release) (See attached file:
n381RED.DOC)
(Agreed judgment) (See attached file: n38405!.DOC)
(Agreed judgment) (See attached file: n384RED.DOC)
(Agreement) (See attached file: n38304!.DOC)
(Agreement) (See attached file: n383RED.DOC)
(Stipulation) (See attached file: n38203!.DOC)
(Stipulation) (See attached file: n382RED.DOC)

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (212-310-8000), and destroy the original
message. Thank you.

<<n38102!.DOC>> <<n381RED.DOC>> <<n38405!.DOC>> <<n384RED.DOC>> <<n38304!.DOC>> <<n383RED.DOC>> <<n38203!.DOC>> <<n382RED.DOC>>


Are you sure about that email address???  I sent one and it bounced...or was
that just another test?


Michael,
Sorry I am a little to quick on the draw.  Ketan had Fed expressed Morgan
Stanley's Futures Agreement to me and I had already forwarded to legal.
Thank you for the contact names.
Thanks. Sheila


Energy Costs Rocket, Handling Consumers Biggest Shock Yet
San Diego Union-Tribune, 12/12/00

Colombia's Medellin Utility Appeals Isagen Ruling, Paper Says
Bloomberg, 12/12/00

Energy costs rocket, handing consumers biggest shock yet

By Craig D. Rose
UNION-TRIBUNE STAFF WRITER
December 12, 2000
Power prices in California keep hitting new heights, with prices in the
state's main electricity market rising today to nearly $900 per megawatt
hour.
The rise continues a stunning ascent from a price of about $50 per megawatt
hour as recently as last spring. In retail terms, today's prices -- if
sustained for a month -- would result in an average residential power bill of
more than $450.
San Diego ratepayers are temporarily shielded from such high bills by a
rate-deferral plan in effect at least until 2002.

The latest prices represent a more than tripling in posted prices on the
California Power Exchange since Friday, when the operator of the state power
grid removed a state-mandated price cap of $250.
The latest escalation -- which comes despite improvements yesterday in state
power supplies -- is deepening the sense of crisis among state officials,
consumer advocates and utility companies.
Nonetheless, a spokesman for Gov. Gray Davis, who met yesterday with top
energy advisers in Los Angeles, said it was unlikely there would be action to
address the crisis at the state level until after federal regulators release
their plan for California.
The Federal Energy Regulatory Commission is scheduled to issue a final order
regarding California's market at its meeting tomorrow. But yesterday the
commission made plans for a second meeting Friday to deal with the state's
problems, and did not clarify at which session it would issue the California
order.
Davis and others in the state have been critical of FERC's refusal to halt
what they describe as a devastating rise in power prices here or to order
refunds for payments made by consumers over the past summer.
The governor also has been severely critical of the California Independent
System Operator's decision to lift the state price cap last week. The ISO
manages most of the state's power supply.
Privately, most at the state level remain skeptical that federal action will
ease the crisis, saying it will be up to California to fix the problem. Last
Friday, FERC quickly approved the ISO's plan to end the price cap.
Increasingly, state officials and consumer activists are talking about
state-owned power systems, utility takeovers and a likely initiative seeking
to overturn deregulation. SDG&E and others also emphasize the need for a
price cap for the Western region of the United States, in order to prevent
suppliers from migrating to the highest prices and driving prices upward
everywhere.
The new highs in electricity prices came even as the ISO said the state's
supplies had improved, with the start-up of production from a formerly closed
nuclear power plant unit.
The apparent contradiction between the increase in available power and the
continued price escalation was blamed on a number of factors:
High prices for natural gas -- which fuels power plants -- continued to drive
up the cost of generating electricity. Cold conditions in the Midwest helped
push natural gas prices to record highs yesterday.
Allegations also persist that energy companies have manipulated the market.
Consumers Union and other advocacy groups say deregulating electricity prices
has proven to be a costly error for California consumers.
At the same time, the controversial removal of price caps in California is
allowing prices to rise to levels approaching those in other Western states.
"We've now had three days of the Hebert experiment," said state Sen. Steve
Peace, D-El Cajon. Peace was referring to Curt Hebert, a FERC commissioner
who opposes price caps for wholesale electricity.
Peace, who played a prime role in California's deregulation legislation,
likened the run-up in electricity prices to the oil embargo of the 1970s and
warned that it could devastate the economy.
"Someone from (former Gov. Pete) Wilson's administration told me, 'Somebody
in the energy business decided it's time for a depression,'?" said Peace, who
has also been critical of FERC's failure to rein in prices. "This is not
about electricity. It's about the economy."
In a letter to FERC yesterday, Peace repeated earlier calls for a federal
order returning the state to regulated power prices based on the cost of
production.
Market watchers said little could help the state over the next few days,
except Mother Nature.
"The prices will remain at these levels, unless you get a warming trend,"
said Alex Galatic of Strategic Energy, a Pittsburgh-based energy company with
offices in Carlsbad.
Market speculators appear to be betting against a break in price any time
soon. For example, electricity is selling for $800 per megawatt hour in the
Pacific Northwest for delivery in January, Galatic said.
"I see no break in the pricing," agreed Arthur O'Donnell, editor of
California Energy Markets,? a publication based in San Francisco.
A spokesman for Enron Corp., the largest electricity trader in the United
States, said the raising of prices in California had improved supplies
available to the state. And he added that there was another positive aspect
to the higher commodity prices.
"You are starting to see some demand response," said Mark Palmer, the Enron
spokesman, referring to cutbacks in power use as prices soar. "Some companies
are shutting down because it makes more sense to sell their gas (rather than
using it as fuel to continue their manufacturing operations)."
That's not an option for the state's utility companies, which continue to
report growing losses from buying electricity at higher costs than they can
collect from their customers. They have covered the shortfall by borrowing
money.
Dow Jones Newswires reported that Pacific Gas & Electric was only "weeks"
away from being unable to cover its power costs if prices continue at recent
levels.
A spokesman for the Bay Area utility's parent company declined to comment
directly on the report.
"It's up to the decision of creditors to make that call," said Greg Pruett,
vice president of communications for PG&E. "We have already borrowed $2.6
billion to cover undercollections that have totaled $4.6 billion.
"It can't continue forever."

Colombia's Medellin Utility Appeals Isagen Ruling, Paper Says
12/12/0 9:14 (New York)

     Bogota, Dec. 12 (Bloomberg) -- Colombia's largest municipal
utility, Empresas Publicas de Medellin, said it will appeal a high
court decision barring it from buying a majority stake in state-
run generator Isagen, the daily El Espectador reported.
     EPM general manager Ramiro Valencia said government plans to
sell its 76 percent stake in Isagen could not go ahead until the
appeal and other lawsuits filed by EPM are resolved, the report
said. Colombia in September suspended the Isagen sale, which it
hoped would raise $340 million, pending a Council of State ruling
on an EPM suit filed alleging bias in the sales process.
     The Council of State, which oversees state agencies, ruled
Friday that the energy regulator was in its rights when it ruled
earlier this year against any single company taking a majority
stake in Isagen to avoid market dominance.
     EPM is planning to purchase the government's 76 percent stake
in Isagen together with Enron Corp. of the U.S. to avoid the anti-
monopoly regulations.

(12/12 ; P. 1B; to see El Espectador's Web site,
type {ESDR <GO>}


---------------------- Forwarded by Chris Germany/HOU/ECT on 04/07/2000 11:22
AM ---------------------------

cdalpho@columbiaenergygroup.com on 04/07/2000 06:34:42 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: Re: Out Friday Morning

I will be out of the office in the afternoon, so we timed that just right.

Chris.Germany@enron.com on 04/06/2000 06:28:17 PM
Please respond to Chris.Germany@enron.com

To: Doug Kinney/CES/ColumbiaGas@COLUMBIAGAS, Charles
Dalphon/CES/ColumbiaGas@COLUMBIAGAS
cc: Scott.Goodell@enron.com
Subject: Out Friday Morning

I will be out of the office tomorrow moring.  I expect to be in around lunch
time.

Thanks


Cara,

I fixed the locking problem on the Build Route sheet.  Corry had asked that the application not allow anyone from deleting data from the build route grid.  This is to protect against deals being pulled in a second time and being accidentally duplicated in the workspace.

Corry,

I know you asked if we could have a button to clear the build route data, so as to start from scratch.  I haven't forgotten... just haven't had a chance to implement it.

With kind regards,
Will


-----Original Message-----
From: 	"ML Power & Gas Group"<Maria_Melone@ML.com>@ENRON
Sent:	Thursday, September 27, 2001 11:24 AM
To:	Gualy, Jaime
Subject:	Fleishman-EXC- Ratings Reduced on Lower Earnings

EXC; $50.45; C-2-2-7
Reported EPS (Dec): 2000A $3.74; 2001E $4.35; 2002E $5.00
* We are lowering our investment rating on EXC to 2-2 from 1-1 on a reduced earnings outlook.
* EXC announced this morning that lower power prices and a weakening economy would cause earnings to fall below its $4.50/share target for 2001.  The new range is $4.30-$4.45.  Importantly, this number includes absorbing costs for increased severance and a telecom write-off.  For 2002, the company is not providing any outlook, but notes concern over economic weakness.
* While EXC?s earnings are somewhat protected from lower power prices with roughly 60-70% of its generation sold to its own retail customers, the other 30-40% is sold into the wholesale markets.  EXC?s low-cost nuclear plants insure that these sales are profitable, but the rapid decline in gas prices and associated drop in power prices will reduce these profits below expectations.
* In addition, EXC management is concerned about signs of weakening retail demand post the September 11 tragedy, particularly in Chicago.
* We are lowering our 2001E to $4.35/share to reflect these issues.  For 2002, EXC will still see a $0.43/share benefit from the elimination of goodwill amortization.  Moreover, we expect less one-time items and losses at Enterprises and cost cuts at distribution to help earnings.  However, we now assume mid-to-high $20 prices for wholesale and only modest retail growth (1%).  Our new 2002E number is now $5.00/share.
* Our lower rating reflects less conviction on earnings and concern over how EXC can implement its strategic consolidation plan with a lower stock currency.  However, the stock trades at only 10x our reduced earnings outlook and the company remains a low-cost producer with a significant retail hedge.  Once the dust settles, we expect the stock to return to an average group multiple of around 9x, implying a mid $40s stock price.

 - EXC092701_F..pdf


Hi Louise,  I've added my best guesses below.  They are probably pretty good, but I could be way off on Unify.

--jay

-----Original Message-----
From: Webb, Jay
Sent: Sun 11/4/2001 4:20 PM
To: Kitchen, Louise
Cc:
Subject: request

Hi Louise,

Beth has reorganized the front and back office groups enough now that I don't know all of the key individuals anymore.  But in most cases, there is someone I trust still around who knows the details about a particular system, so I've tried to identify that person and how many extra people (probably best chosen by that individual) would be needed at a minimum.

I have included at the bottom a small list of "cannot lose" individuals.  In such a small organization, it would be critical, of course, to have people that can solve problems in any system.  If EnronOnline was shut down, I would also put Belmont, Guadarrama, Hillier, Jenson in the "cannot lose" group, and I would make sure that Amanullah was one of the remaining Oracle DBAs.

Excluding Jenny and SAP (currently this is not in Mark's organization and I cannot find any data on it), I have listed a total of 33 people.

--jay

Zhiyong Wei + 3  (Francis Lim, Mike Swaim, Sanjay Gupta)

TAGG, Sitara, Gas ERMS

Steve Nat + 2  (Duong Luu, Will Smith)

Enpower, Power ERMS

G. Ramesh , John Powell + 1 (Andrew Champion)

Credit Aggregation/Risk Analytics (VAR)

Sundar Chitradurga + 1 (Kevin Dinh)

Global Systems

Ramesh Rao + 5 (David Stadnick, Matt Pena, Richard Brockhan, Ben Nguyen, Regan Smith)

Unify

Jim Ogg + 3 (Bob Ward, Soo-Lian Ervin, Mable Tang)

Oracle + SQL Server Database Administration

Mike Belmont (Front), Mike Guadarrama (Back), Francesc Gullien, Jarod Jenson (SA/Security), Bob Hillier (ops), Kenneth Lim (ops), Dan Harrell (ops), Aman Amanullah (DBA)

EnronOnline

Cannot Lose Group:

Kevin Montagne
Mark Kinkead
Ganady Batrak

What is not here:

SAP

Global Finance - there is a small group on Beth's org chart run by Joanne Knodel, supporting Global Finance.  I don't know what they do or how critical it is.

Jenny's organization:

Production Operations (NT and Unix System Admin)

Communications (Network Administration, Telephony)

Desktop Architecture and Support

Data Center Operation

email

New Bldg.


It's going to be extremely difficult for anyone who has consumed electricity to avoid paying for it.  It will be particularly difficult for Enron to exempt itself from costs incurred by the state on behalf of Enron's customers.  Prior to us pushing amendments on this bill, can we discuss on the 11:30 call today.  Harry and I have discussed this at length, and I just want to make sure that we don't blow up the whole enchilada by trying to get an amendment here.

Best,
Jeff

	Harry Kingerski 07/03/2001 09:28 AM 	  To: Hedy Govenar <hgovenar@govadv.com>  cc: Bev Hansen <bhansen@lhom.com>, Jim Steffes <james.d.steffes@enron.com>, Jeff Dasovich <jdasovic@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>, Mike Day <MDay@GMSSR.com>, Paul Kaufman <paul.kaufman@enron.com>, Rick Shaprio <rshapiro@enron.com>, Scott Govenar <sgovenar@govadv.com>, Sue Mara <smara@enron.com>  Subject: Re: Language on bonds

Hedy, Scott, Bev -  the language currently says the bond surcharge will apply "to all electric power delivered in California by electric corporations ..."  I know this is a longshot, but is there any chance of having this amended to either

1) exclude volumes under DA contracts as of the effective date of this act, or
2) more generally leave it to the PUC to adjust the surcharge for customer classes based on their contribution - or lack thereof - to DWR's purchasing requirements.

The justification for this exemption is grounded in excluding customers who have not caused the DWR problem; e.g. large San Diego customers or PGE/SCE customers who have been DA  the last couple years or parts thereof.  (We can give you some specific language.)

Hedy or Scott - could you please call me when you get in - 713 853-5786.  Thanks.

	Hedy Govenar <hgovenar@govadv.com> 07/02/2001 06:51 PM 	   To: Sandra McCubbin <smccubbi@enron.com>, Paul Kaufman <paul.kaufman@enron.com>, Sue Mara <smara@enron.com>, Rick Shaprio <rshapiro@enron.com>, Bev Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Karen Denne <kdenne@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Scott Govenar <sgovenar@govadv.com>, Ken Smith <ken@kdscommunications.com>, Mike Day <MDay@GMSSR.com>, Michael McDonald <Michael.McDonald@enron.com>, Alan Comnes <acomnes@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Harry Kingerski <Harry.Kingerski@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>, Robert Frank <rfrank@enron.com>, Janel Guerrero <Janel.Guerrero@enron.com>, Miyung Buster <Miyung.Buster@enron.com>, Jennifer Thome <Jennifer.Thome@enron.com>, Eric Letke <eletke@enron.com>, Mary Schoen <Mary.Schoen@enron.com>  cc:   Subject: Language on bonds

Senator Burton's office expects bond language back from Legislative
Counsel sometime tomorrow, Tuesday.  As soon as we get a copy we will
forward it.  If the language is acceptable to Enron, then Bev, Scott and
I need to visit with Republicans to urge their support as soon as
possible.We are continuing to coordinate with the big users and some
other suppliers on this issue.

<Embedded StdOleLink>


Effective immediately, Joe Jeffers, Manager of Technical Training and Skill
Based Pay Administration, and his team of Dick Heitman, Cliff McPherson,
Andrea Woody and Lupi Trevino will move from ETS Human Resources to ETS
Operations Technical Services.  Joe will report to Steve Klimesh.

This move will better align Technical Training and SBP Administration with
Operations and enhance the interfaces that take place between this group and
ETS Operations management and the field teams.

Joe and his team have provided outstanding support to Operations in the past,
and it is expected that this high standard of customer service will
continue.  We will be sending more information in the very near future with
regard to the individual support accountabilities of the team members.

Please join me in welcoming this team and helping to make their transition a
smooth one.


Kimberly Bates
East Gas/Origination
713-853-5193
713-646-8453 Fax