Please find attached the lastest versions of the
Protocols (both clean and redlined versions) and
their cover pleadings. These documents were filed
at the PUCT today.  This is a five part message.

Shari Heino
Corporate Counsel
Electric Reliability Council of Texas, Inc.
sheino@ercot.com      Phone (512) 343-7215    Fax
(512) 343-8134

 - Redlined Protocols.B.zip
 - Filing of Redlined Protocols.doc


Start Date: 1/24/02; HourAhead hour: 21;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012421.txt


There is a correction for Texaco trades.

All Financial trades will be under Texaco Inc.

All physical trades will be under Texaco Natural Gas Inc.

Sorry for the confusion.

Patrick    X53877


please send this info to Shirley for Darron since he is out.  Thanks.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/13/2001
04:50 PM ---------------------------
From: Shirley McDowell/ENRON@enronXgate on 03/13/2001 04:05 PM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Jeffrey C Gossett/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
Subject: Trader Web-site Access Project

Team -
Please provide me your list of names for each trader that should have "View
Access" for your region on the Trader web-site to be developed.  If you also
need "Update Access, in addition to view access" please provide a separate
list for those as well.

Please send me your lists by end of day tomorrow (Wed, 3/14) if possible, or
let me know when you can provide the information.  Thank you for your help!!
Shirley


I dont want to be the only one using a strike, but if others agree lets
strike him.


Hi.  Any word on the mower?


It is unlikely that he will have any credible opposition in a primary.  Late last spring, there was a very well liked Republican state house member (assistant majority leader Tim Pawlenty) who was set to announce his candidacy, and the day before his announcement, Vice President Cheney called him and asked him not to run. This created a great furor in the press and the party for a short time.  Pawlenty agreed not to run, citing his desire that the party remain united so that we have a better chance of beating Wellstone. Although folks in the party were a tad miffed that Cheney was trying to be kingmaker, they ultimately want to win more than they want to put up other candidates.

Tim Pawlenty has now announced that he will run for Governor. Jessie Ventura, true to form, has said that he won't make up his mind until next summer!  If Ventura runs again, he has a very good chance of being re elected (he still has approval ratings in the 65-70% range).

As I mentioned earlier,  I don't believe that Wellstone will ever look at our issues in a rational or market oriented manner.  I tend to think that his votes will be just the same regardless of whether we back another candidate or not.

 -----Original Message-----
From: 	Kean, Steven J.
Sent:	Tuesday, September 18, 2001 8:30 AM
To:	Landwehr, Susan M.
Cc:	Robertson, Linda; Shapiro, Richard
Subject:	RE: NOrm Coleman

I talked to Ken yesterday.  I had also talked to Linda Robertson.  Linda was a little concerned about taking on an incumbent (now majority) Senator.  I told Ken we should wait a bit and he agreed.

Who else is going to run from the Republican side?  I think that we ultimately ought to support a Republican in this race, incumbency or no.  But I want to make sure we back the right one.

 -----Original Message-----
From: 	Landwehr, Susan M.
Sent:	Thursday, September 13, 2001 6:42 PM
To:	Kean, Steven J.
Cc:	McVicker, Maureen
Subject:	NOrm Coleman

Steve--how was your call earlier this week with Norm Coleman (Republican running for US Senate from Minnesota).  Are we going to back him and is there anything I can do to assist?


Attached are summaries of two SoCalGas advice letters.? Some info here  on
consolidated billing may be of interest to your gas marketers, but does not
appear to be protest material.
?
Dan
 - 11-28-00 SoCalGas AL Summary Chart.doc


---------------------- Forwarded by Scott Neal/HOU/ECT on 10/05/2000 04:23 PM
---------------------------

Scott Neal
10/05/2000 04:09 PM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Fwd: FW: Montana Forest Fire picture

---------------------- Forwarded by Scott Neal/HOU/ECT on 10/05/2000 04:09 PM
---------------------------

Scott Neal
10/05/2000 01:41 PM
To: sneal12@mindspring.com
cc:
Subject: Fwd: FW: Montana Forest Fire picture

---------------------- Forwarded by Scott Neal/HOU/ECT on 10/05/2000 01:41 PM
---------------------------

	From:  Andrea Ring                           10/05/2000 01:12 PM

To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Fwd: FW: Montana Forest Fire picture

---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/05/2000 01:12
PM ---------------------------
   Michele Winckowski @ ENRON                10/02/2000 02:04 PM

To:
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: Fwd: FW: Montana Forest Fire picture

Subj:    Montana Forest Fire picture
This is awsome and at the same time rather chilling.  Mother nature is
spectacular
This awesome picture was taken in the Bitterroot National Forest here in
Montana on August 6, 2000 by a fire behavior analyst from Fairbanks,
Alaska by the name of John McColgan with a Digital camera.  Since he was
working while he took the picture, he cannot sell or profit from it so he
should
at least be recognized as the photographer of this once in a lifetime
shot

 - ATT09176.jpg


Too Much DEBT?

Too Many CREDITORS?

Consolidate Your Loans Into One Easy Payment!!!

Click  <http://64.80.217.12/sl/sl00debt/red.htm>Here To Learn <http://64.80.217.12/sl/sl00debt/red.htm> More Or To Speak To A Representative. <http://64.80.217.12/sl/sl00debt/red.htm><http://64.80.217.12/sl/sl00debt/red.htm>
To be removed from future mailings, you can remove your self by clicking here. <http://6480.217.12/sl/sl00debt/remove.htm>


Lou,
Per your request here are the appropriate coding strings for you and those that you would like to have access for aggregating costs associated with perfecting the ROW and associated professional costs.
I hope this is what you are looking for, if I can be of further assistance please advise.
Tim

Project Definition    C.015000  - Northern Natural Gas

Coding Information

Cost Element	WBS Element			Description

52501500	C.015000.03.09.50.01		Banking - Outside Services
52507000	C.015000.03.09.50.02		Legal - Outside Services
52507700	C.015000.03.09.50.03		Accounting - Outside Services
52508000	C.015000.03.09.50.04		ROW - Outside Services
52501500	C.015000.03.09.51		Bank Advisory Fees
52004500	C.015000.03.09.52		Other General Expenses

Project Definition    C.015001  - Transwestern Pipeline

Coding Information

Cost Element	WBS Element			Description

 52501500	C.015001.03.09.50.01		Banking - Outside Services
52507000	C.015001.03.09.50.02		Legal - Outside Services
52507700	C.015001.03.09.50.03		Accounting - Outside Services
52508000	C.015001.03.09.50.04		ROW - Outside Services
52501500	C.015001.03.09.51		Bank Advisory Fees
52004500	C.015001.03.09.52		Other General Expenses


Don/Juan:

Jackson is interested in your position.  Please advise of your interest.

Thanks,
Johnny

 -----Original Message-----
From: 	Logan III, Jackson
Sent:	Wednesday, September 05, 2001 9:03 AM
To:	Palmer, Johnny
Subject:	Resume for Job Posting #0000108727

Dear Mr. Palmer,

Please find my attached resume.  I am very interested in interviewing for the Real-time Power position.  I am currently and Enron employee that has been working at Enron for two years in Natural Gas Risk Management.  In addition to this resume I will fill out the form on the job posting itself.  I look forward to hearing from you in the future.

Thank you,

Jackson Davis Logan III


Thanks.  I hate it when I sound petulant.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 29, 2001 9:12 AM
To:	Kaufman, Paul; Nicolay, Christi L.
Subject:	RE: PGE Imbalance Charge

My fault for not making it clear that you should have been in the loop.  We will send out a message across the board to help with this.

Jim

 -----Original Message-----
From: 	Kaufman, Paul
Sent:	Monday, October 29, 2001 11:08 AM
To:	Nicolay, Christi L.; Steffes, James D.
Subject:	RE: PGE Imbalance Charge

This is going to sound like empire building. But I need to know what we're doing with PGE.  I don't need to participate in the calls--but I do need to know.  The PGE folks need to have confidence that I'm aware of our positions and plans.

 -----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Monday, October 29, 2001 9:04 AM
To:	Steffes, James D.
Cc:	Kaufman, Paul
Subject:	RE: PGE Imbalance Charge

We are having a conference call tomorrow with PGE.  They did not decide anything on the last conference call after I told them why Enron retail in the East likes the Duquense type imbalance (no bandwidth, thus no penalties-- imbalances settle at verifiable system lambda).  John Malowney of EPMI west desk likes the bandwidth, but we are discussing it further since it has created problems for the East EES desk (due to the penalties associated with being outside the bandwidth).  John likes the PGE proposal to settle at an index price, but PGE is reconsidering that aspect.

Unfortunately, I don't know of any TPs that allow a bandwidth without penalties.

Let me know if you want to participate in the call.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 29, 2001 10:50 AM
To:	Nicolay, Christi L.
Cc:	Kaufman, Paul
Subject:	PGE Imbalance Charge

Christi --

What's the latest on the PGE imbalance method??

Jim


Unfortunately I am already booked for Wednesday.

	Maria Jose Minguillon@ENRON
	11/13/2000 03:48 PM

		 To: Jeffrey E Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark
Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Argentina

Gentlemen,

Following Mike Guerriero%s e.mail. Could you please let me know if there is
any chance of each one of you meeting with him for 45%on Wednesday Nov. 15th.
morning?

Thanks


David, just heard that you joined the 2001 Enron MS150 team -
congratulations!  Look forward to seeing you out at Tully Stadium on the 20th.

Jeff


Linda Guinn will get this info for you.

	Donna Lowry
	02/06/2001 08:23 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: ECT Securities LP

AA has requested that I find out what legal fees (amounts and to what firm)
have been paid on behalf of ECT Securities as it relates to the NSM
litigation.  I don't remember how we came up with a number last year.  Under
the services agreement between ECT Securities and ENA, it allows for ENA to
pay expenses such as these, but they will want to footnote it in the the
financial statements.  What can I do to track this information down?  HELP!
Thanks. Donna


AGA for 8/18/00 is 55


I'll be at the Peninsula (55th & 5th) (212)956-2888.  I will have my cell
phone but no guarantees that the battery will last (713)206-8080.  Either of
the places you mentioned would be fine with me - my conference is at the PLI
Center (on 7th around 51st or 52nd).  Just tell me when & where!


Boo hoo.  The evil marketers are big mean bullies. We are perfect little
angels.

Have a Happy Thanksgiving.

Tim

"Yoo, Salle" <salleyoo@dwt.com> on 11/23/99 07:34:56 PM

To:	"'Amirault, Paul'" <PaulAmirault@aec.ca>, "'Ben Ledene'"
<benledene@aec.ca>, "'Craig Chancellor'" <craigc@calpine.com>, "'Gerald
Worster'" <gworster@txuenergy.com>, "'Grant Kolling'"
<grant_kolling@cerberus.city.palo-alto.ca.us>, "'James Weil'"
<jweil@aglet.org>, Jeff Dasovich/SFO/EES@EES, "'John Leslie'"
<jleslie@luce.com>, "'Marcel Hawiger'" <marcel@turn.org>, "'Mark Baldwin'"
<mbaldwin@igservice.com>, "'Mark Pocta'" <rmp@cpuc.ca.gov>, "'Michael
Rochman'" <Rochmanm@spurr.org>, "'Raveen Maan'"
<raveen_maan@cerberus.city.palo-alto.ca.us>, "'Rich Hall'"
<rhall@igservice.com>, "'Ron Oechsler'" <ron_oechsler@rmiinc.com>, Timothy J
Hamilton/HOU/EES@EES, "'Tom Solberg'" <tsolberg@spurr-remac.org>,
"'plg@cpuc.ca.gov'" <plg@cpuc.ca.gov>, "'mark.c.moench@wgp.twc.com'"
<mark.c.moench@wgp.twc.com>, "'mday@gmssr.com'" <mday@gmssr.com>,
"'jmct@gmssr.com'" <jmct@gmssr.com>
cc:	"How-Downing, Lindsey" <lindseyhowdowning@dwt.com>, "'pgg4@pge.com'"
<pgg4@pge.com>

Subject:	CIG/CMA Protest to OFO Settlement

Enclosed is an electronic copy of the protest filed by CIG/CMA, forwarded to
us by PG&E today.  In it's brief protest, CIG/CMA states that it does not
oppose the adoption of the OFO settlement but argues that not go far enough
in proposing measures to reduce the number of OFOs.

 <<9907003_.doc>>

Salle E. Yoo
Davis Wright Tremaine
One Embarcadero Center, Suite 600
San Francisco, CA 94111
Tel. 415 276-6564; Fax 415 276-6599
salleyoo@dwt.com

 - 9907003_.doc


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/26/2001
05:08 PM ---------------------------

"Btu" <subs@Btu.net> on 01/26/2001 04:54:35 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wp012901.pdf


Dan, I can't open - please send hard copy.

Regards
Delainey


516626
Sell BP
25 mw
175.00/on peak
q4-01

516627
sell williams
25 mw
175.00/on peak
q4-01

And the last deal is in, according to Tom and Mike Swerzbin - Tom entered it,
but it's in Mike's book. Let me know if it's still not in there.

Kate

Evelyn Metoyer@ENRON
02/07/2001 02:57 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/7 Checkout

I know you guys are still entering trades but for the record I am missing the
following:

Mike Swerzbin:
Enron sells to BP Amoco 25 mw of Q4'01 Palo Verde at $175 peak hrs. ---Amerex
is broker
Enron sells to Williams 25 mw of Q4'01 Palo Verde at $175 peak hrs,---Amerex
is broker

Tom Alonso:
Enron sells to Merrill 25 mw of March PV at $215  peak hrs,----Bloomberg is
broker

Thanks!!


Your cigars from Teal Lodge are in my drawer, both are in metal cases if you
come by when I'm not here.


Attached is the Enron Total Trading Loss Notification for May 11, 2001.  The
Office of the Chairman for Enron Americas, Enron Industrial Markets, Enron
Global Markets, Enron Broadband Services, Enron Energy Services, and Enron
Europe is responsible for printing out a hard copy of this memo, signing it
and returning the hard copy to Chris Abel who will forward it to RAC to
obtain their signature.


Smiling.  At  your comments about Samantha - yes she did - and yes she is
amazing.  Our Holidays were wonderful.  Our New Years was no big deal at
all.  We (Kenny and I)  were a little under the weather and therefore did
nothing - I  went to bed at 12:01   .   anyway - love to get togther for
dinner soon.  have aq nice week.

Think warm thoughts Susan-
Sandra


I see that you completed an ISDA comparison in late September.  What has
happened with it?  SMUD is calling.  Can you advise Stuart Rosman ASAP?  SS


Thanks for that Shari. I have your fax. I will respond today

Sara Shackleton@ECT
04/27/2000 08:54 AM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: HDD Swap between ENA and Aquila Risk Management Corporation

Hi, David!  Hope all is well.  Since the referenced swap has been documented
by ENA, I am now reviewing the Transaction.  I have a number of questions,
many the result of my unfamiliarity with your Australian Reference/Fallback
weather stations and a few other comments.  I thought I would mark this up
and fax it to you which I will do shortly.  Sara


approved

 -----Original Message-----
From: 	enron_update@concureworkplace.com@ENRON
Sent:	Wednesday, February 06, 2002 4:15 PM
To:	Kitchen, Louise
Subject:	<<Concur Expense Document>> - Belden Expenses Feb 2002

The following expense report is ready for approval:

Employee Name: Timothy N. Belden
Status last changed by: Timothy N. Belden
Expense Report Name: Belden Expenses Feb 2002
Report Total: $156.92
Amount Due Employee: $156.92

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


What do you think about Russell's request for a confirm here?  I think this
is really confusing for our Canadian team.  There must be requirements for
the LC if it's an upfront LC, we would need a zero threshold.  I just don't
think this is very straight forward for these poor Candadian girls to figure
out.  What do you think?
----- Forwarded by Tana Jones/HOU/ECT on 03/27/2001 11:28 AM -----

	Russell Diamond/ENRON@enronXgate
	03/27/2001 10:17 AM

		 To: Linda Sietzema/CAL/ECT@ECT, Stephanie Panus/NA/Enron@Enron
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Pending transactions, Casco qy6450.1

Please see attached credit sheet for credit language to attach to the confirm.

Thanks
Russell


-----Original Message-----
From: 	Schmidt, Ann M.
Sent:	Monday, October 29, 2001 12:44 PM
Subject:	Enron Mentions

USA: Enron shares in stay in doldrums after downgrade.
Reuters English News Service, 10/29/01
USA: US companies' credit quality to worsen-Moody's.
Reuters English News Service, 10/29/01

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
Bloomberg, 10/29/01

USA: Enron shares drop despite further triage attempts.
Reuters English News Service, 10/29/01

USA: Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
USA: UPDATE 1-Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
POWER POINTS:Enron May Have To Rethink Asset-Light Focus
Dow Jones Energy Service, 10/29/01
OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's
AFX News, 10/29/01
USA: Moody's cuts Enron to 2 notches above "junk".
Reuters English News Service, 10/29/01
UK: Europe energy firms wary of Enron on credit worries.
Reuters English News Service, 10/29/01
BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
Dow Jones Energy Service, 10/29/01

USA: Enron shares in stay in doldrums after downgrade.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Enron Corp.'s share price hovered above seven-year lows touched in earlier trade Monday after Moody's Investor Service cut the credit status of its senior unsecured debt of North America's largest energy trader to two ratings above junk status.
Enron, the largest electricity and natural gas trader in North America, also on Monday said it was in talks with banks to expand its credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron shares were down $1.40, or 9.03 percent, to $14.10 on the New York Stock Exchange, after earlier in the session trading below $14 for the first time since December 1994.
Moody's also warned that it could cut the debt rating again, now downgraded to Baa2, as well as its rating for the Enron's commercial paper.
Enron's credit-worthiness will have a direct affect on its day-to-day trading operations and its trading partners' perception of making good on trades. With a credit rating hovering above junk status, the cost of doing business will soar as trading partners look for increased collateral to back trades.
Last week Enron shares lost almost $14 billion in market value as a series of piecemeal disclosures about the company's involvement in complex partnerships began to trickle out.
Investors have fled Enron's stock in droves following disclosures that the company did off-the-balance sheet transactions with two limited partnerships run by former chief financial officer Andrew Fastow in deals the U.S. Securities and Exchange Commission is now looking into for possible conflict of interest.
Enron compensated its partners in this off-balance sheet structure with the promise of Enron shares, if the value of private investments in several of its units fell below a certain level.
Many industry observers see Enron's request for additional credit, after the company tapped its banks for $3.3 billion last week, as a sign a weakness.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carol Levenson, an analyst with independent research firm gimmecredit.com.

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

USA: US companies' credit quality to worsen-Moody's.
By Jonathan Stempel

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - U.S. corporate credit quality is likely to grow much worse before it gets better, a leading credit rating agency said in a report issued on Monday.
Moody's Investors Service said that in the third quarter, it put on review for downgrade its credit ratings for 122 U.S. companies. At the same time, it put on review for upgrade its ratings for just 22 companies.
That 5.5-to-1 ratio is far greater than the 1.3-to-1 ratio in the second quarter.
In dollar terms, the situation looks more dire. Moody's warned it may downgrade $543 billion of debt, dwarfing the $66 billion Moody's said it may upgrade by 8.2-to-1.
"Particularly in light of September 11, the fourth quarter will be particularly weak for credit rating changes," said John Puchalla, Moody's senior economist. "A wide excess of rating reviews for downgrade over upgrades in the third quarter suggests credit deterioration will persist at least into early next year."
Rating reviews are significant because, unlike actual rating changes, they are not a "lagging" indicator, and suggest the future direction of corporate credit. Moody's normally wraps up its reviews within three months.
U.S. corporate credit quality is falling for many reasons. These include the weakening U.S. economy, an inability of marginal companies to raise cash, debt-financed merger activity and fallout from the Sept. 11 attacks on such industries as airlines, insurance, and travel.
For example, Moody's in July warned it may cut Comcast Corp.'s ratings after the Philadelphia-based company bid $44.5 billion for AT&T Corp.'s cable TV operations.
Then last month, Moody's warned it may cut Chicago-based Boeing Co.'s ratings because of the attacks' potential impact on demand for commercial airplanes.
In the third quarter, Moody's warned it may cut its ratings of 54 speculative-grade, or "junk"-rated, companies, and raise the ratings of just 11. For investment-grade companies, the gap was even more yawning: 68-to-11.
And in the fourth quarter? Through Friday, Moody's warned it may downgrade 47 companies and raise a mere four. On Monday, it downgraded embattled energy trading giant Enron Corp., and put all of its ratings on review for another downgrade.
Puchalla, however, said the decline could slow next year, in part because interest rates are low and companies are managing their balance sheets more conservatively.
"Lower borrowing costs and slowing debt growth should reduce debt servicing costs, and fiscal stimulus from the federal government should boost business revenues," he said. "That is a positive for credit quality."
The third quarter was the 14th in a row when corporate rating downgrades outpaced upgrades. The record is 19 quarters, set between 1988 and 1993.

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

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
2001-10-29 12:16 (New York)

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)

     (Updates with analyst comment in fifth paragraph.)

     Houston, Oct. 29 (Bloomberg) -- Enron Corp., which can't get
low-interest, short-term loans, faces skeptical lenders who will
demand increasingly harsher terms as the largest energy trader
tries to get cash in the bank, credit analysts said.

     ``Anyone providing new funding is going to be nervous,'' said
Sean Egan, managing director at Egan-Jones Ratings Co. ``It's
likely that lenders are going to demand collateral.''

     Enron is trying to get $1 billion to $2 billion in loans from
Citigroup Inc., J.P. Morgan Chase & Co. and other banks to calm
investors after a 52 percent drop in the company's stock since
Oct. 17, the Wall Street Journal reported. The company needs cash
every day to settle commodities transactions and to keep trading
partners.

     The company on Thursday tapped $3.3 billion in bank credit
lines last week to pay off about $2 billion in commercial paper,
or short-term corporate loans. A week ago, the Enron said the U.S.
Securities and Exchange Commission had began an inquiry into
related-party transactions. They cost the company $35 million and
$1.2 billion in lost shareholder equity.

     ``Banks are in the driver's seat, and Enron is a little
desperate,'' said Peter Petas, a debt analyst at CreditSights Inc.
``I think their interest rates for loans would go up.''

                       Sells Assets for Cash

     Companies in Enron's situation often agree to other bank
terms in order to secure loans, Petas said. Those can include
agreeing to use proceeds from selling assets to pay debt and
putting up assets as collateral.

     Enron is attempting to sell assets to raise cash. Two related
partnerships, Osprey and Marlin, depend on selling power plants
and similar assets to repay $3.3 billion borrowed to buy the
plants. Enron may have to pay any difference between the debt and
sales proceeds.

     The company plans to complete the $2.9 billion sale of
Portland General Electric, an Oregon utility, to Northwest Natural
Gas Co. next year.

     Shares of Houston-based Enron fell $1.30, or 8.4 percent, to
$14.10 in midday trading. Earlier, they touched $13.55, down 12
percent. The company's credit rating was cut by Moody's Investors
Service after it wrote down the value of its assets.

     The stock had tumbled 80 percent in the past 12 months.

--Russell Hubbard in the Princeton newsroom, 609-750-4651

USA: Enron shares drop despite further triage attempts.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Enron shares slipped to a new six-year low in early trade as North America's largest natural gas and electricity trader said it was talking to banks about tapping additional credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron's shares were trading down 90 cents, or 5.8 percent, to $14.60 in early morning trade on the New York Stock Exchange. Shares crashed through $15, a low not seen since February 1995.
Last week, Enron shed almost $14 billion in market value as its stock price tumbled more than half since last week, when a series of piecemeal disclosures about its involvement in complex partnerships began to trickle out.
However, many industry observers see Enron's request for an additional credit after tapping its banks for $3.3 billion last week after as a sign a weakness not of strength.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carole Levenson, research analyst with independent research firm gimmecredit.com.

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

USA: Enron says in talks with banks for new credit line.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a move to shore up investor confidence.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on a new credit line.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
Enron shares sank 50 cents, or 3.2 percent, to $15 in early morning trade on the New York Stock Exchange. ((David Howard Sinkman, New York Newsdesk 646-223-6094)).

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

USA: UPDATE 1-Enron says in talks with banks for new credit line.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a new move to shore up investor confidence after it tapped about $3 billion in credit last week, and to stop a plunge in the company's stock that set new six-year lows.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on the new credit line.
Enron shares crashed through a psychological barrier of $15 a share, shedding $1.66, or 10.65 percent, to $13.85 in early morning trade on the New York Stock Exchange. The stock has lost more than half of its value in the past two weeks, losing more than $14 billion in market capitalization.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer in Houston.
Enron shares have tumbled since the company reported its first-quarterly loss in more than four years on Oct. 16. The company also wrote down $1.2 billion in equity, including transactions with partnerships formerly run by its chief financial officer who was forced to step down from Enron last week.
The sell-off was sparked by investor concern about the transparency of the transactions, which the Securities and Exchange Commission is examining. Enron last week replaced CFO Andrew Fastow as part of efforts to restore investor confidence.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
"Clearly, both the stock and bond market view Enron as being in dire straits," said independent research firm Gimme Credit analyst Carol Levenson.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead it's an act of desperation."

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

POWER POINTS:Enron May Have To Rethink Asset-Light Focus
By Mark Golden

10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

NEW YORK -(Dow Jones)- On the face of things, it's hard to understand the stock market's headspinning reaction to Enron Corp.'s (ENE) revelation of some bad news in recent weeks.
Why the talk of a "death spiral" for North America's premier energy trading company? The stock price of Cisco Systems Inc. (CSCO), for example, saw an almost identical drop over a similar 12-month period. Nobody questioned the viability of Cisco.
The difference is that over the past few years, Enron has redefined itself as a company that runs on financial and intellectual muscle - not hard assets - and that focus is getting the company into trouble now that its credibility is in question.
If you're buying network components, you can probably stand some ambiguity in the finances of your supplier. After all, you're buying something you can touch. But if you're buying power or gas, what you're really buying is a commitment to deliver. If your supplier doesn't come through when the market gets tough, you're left totally exposed. In Enron's energy trading business, then, credibility at every level is critical.
For now, Enron looks to be more than viable. But the company's asset-light strategy might not be. Gross profits from trading have shrunk to 1.65% in the third quarter from 5.26% in the first quarter of 1998. Meanwhile, asset-heavy energy companies like Mirant Corp. (MIR) and Calpine Corp. (CPN) successfully use trading to optimize the performance of power plants and other infrastructure.
Two weeks ago, Enron reported a $618 million third-quarter loss, resulting from $1.01 billion in write-offs. That didn't send investors running, however. In fact, its stock price rose a bit on the news.
What hurt was the disclosure that Enron had reduced its net assets, or "shareholders' equity," by $1.2 billion as a consequence of unwinding positions in partnerships headed by former Chief Financial Officer Andrew Fastow. That, along with warnings of possible downgrades by credit ratings agencies and an inquiry by the Securities & Exchange Commission produced a $15.6 billion drop in Enron's market value.
On Monday, Moody's Investors Service followed through by downgrading its rating on Enron's senior, unsecured long-term debt to Baa2 from Baa1, leaving it two steps above junk-bond levels. The agency kept Enron's ratings on watch for further downgrade.
Long-Running Concerns

A 50% hit to shareholder value still seems like an overreaction to a 10% reduction in shareholders' equity. The stock price reflects the expectation of additional losses to be reported and Enron's loss of credibility. Enron executives in a conference call Tuesday insisted that the worst was behind them, but few on the call believed that.
For some analysts, Enron's revelations only fed long-running concerns about the company's lack of financial disclosure.
Cary Wasden, managing partner of Reed Wasden Research, has had a "sell" recommendation on Enron since March. Unlike the analysts at big Wall Street firms, Wasden isn't in the business of selling stock. His firm isn't involved in brokerage and isn't a hedge fund. Wasden gets paid for his research, and the company doesn't invest in the securities it covers.
A main Wasden concern with Enron is that the company has regularly included the proceeds from one-time sale of physical assets in operating income. His belief is that Enron has dramatically inflated its earnings for the past couple of years - a concern to which an Enron spokeswoman couldn't immediately respond.
"Don't believe by any means this is the end of the story," Wasden said.
Wall Street sell-side analysts have largely kept Enron as a "buy" or "strong buy" as the stock fell from $90 to $20. But even they are expressing concerns about the quality of Enron's reporting.
For now, the plunge in the price of Enron's shares and bonds, which last week started trading like junk-rated debt, hasn't hurt its credit standing with energy trading partners.
"We haven't changed our thinking regarding Enron or our policies and practices. We're watching it, and so is everybody else, but they are a solid company," Reliant Energy Inc. (REI) spokesman Richard Wheatley said in a typical reaction. "This is unfortunately a feeding frenzy regarding some dealings that I'm sure Enron will be able to come out of at some point."
Keeping Talent A Challenge

Enron is a big company - far too big to ignore. But continued deterioration in the price of its shares and bonds could lead counterparties to restrict their traders' transactions with Enron. If the company's investment-grade bonds continue to trade near levels traditionally considered distressed, risk managers won't be able to ignore it, whatever else Moody's does.
Assuming that doesn't happen, Enron still faces a tough road ahead. Like all companies, Enron is the combination of capital and talent. For financial companies, talent is the more important ingredient, and Enron has been suffering damage to its talent for some time.
New Chief Executive Jeff Skilling left in August, and a handful of his key lieutenants left earlier in the year. The losses can be expected to continue. Much of the top management cashed out when the company's stock price was high and moved on. Now middle management on down is angry and anxious to move on, if they haven't already.
Over the years, Enron has compensated its very talented labor with stock options to make up for base pay considered low by the industry. Those options are now nearly worthless. If Enron's debt-service costs rise, the company could struggle to attract the talent needed to generate income in its core business of trading energy in North America.
Some analysts would like to see more turnover at the very top. When Skilling left, nobody believed Skilling or Chairman Kenneth Lay's assurances that it was for "personal reasons." When CFO Fastow was forced out of his position last week, Lay said, "In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO."
That's putting words in Wall Street analysts' mouths. Who thought scapegoating Fastow was really the answer?
"I don't know anybody who said that," Wasden said. "What did the CFO do, what did Skilling do, that Ken Lay wasn't part of?"
Real change will have to come from without, Wasden said.
"Enron has been a cult, more than a company," he said. "Recruiting from within does nothing to change the company, it just changes the disciples. Enron needs to pull some top talent from outside."
Nevertheless, Wasden thinks Enron's stock has reached its natural floor and, if the company starts disclosing how it really makes money, it can recover over time.
"There are a lot of earnings that can be wrung out of really strong operating assets, like pipelines and power plants," he said.
That means paying more attention to the assets that Enron has spent the past few years denigrating. Given the bind Enron is in, Lay won't have much choice. Enron will survive, but it won't be the same company at all.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com

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

OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's

10/29/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

(Moody's corrected its stance on Enron ratings to a downgrade)
NEW YORK (AFX) - Moody's Investors Service said it has lowered the senior unsecured long-term debt ratings of Enron Corp from Baa1 to Baa2 following a deterioration in Enron's financial flexibility since the company announced significant writedowns as well as equity charges in previously undisclosed partnership investments.
The long-term debt ratings remain on review for further downgrade, Moody's said.
Moody's also placed the company's Prime-2 rating for commercial paper on review for downgrade.
Moody's initially placed Enron's long-term debt ratings on review on Oct 16. The write-downs and equity charges led to a substantial loss in investor confidence that has led to a more than halving of Enron's share price and difficulties in rolling over commercial paper, according to Moody's.
In response to these events, Moody's said Enron has shored up its near-term liquidity position by drawing down on all of its committed revolving credit facilities and buying back its outstanding commercial paper, leaving the company with a net cash position of approximately 1.2 bln usd.
Moody's said it plans to focus on management's success in lining up further liquidity support and on their ability to retain credit availability from their major counterparties.
aw/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

USA: Moody's cuts Enron to 2 notches above "junk".

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Moody's Investors Service on Monday cut embattled energy trading giant Enron Corp.'s senior unsecured debt rating to two notches above junk status, and warned it may cut that rating again, as well as its rating for Enron's commercial paper.
The rating agency cut Houston-based Enron's senior unsecured debt to "Baa2" from "Baa1," and said it may cut Enron's "Prime-2" commercial paper rating, which affects short-term debt. Its rating actions affect $13 billion.
Moody's said Enron is suffering from deteriorating financial flexibility since it announced big write-downs and equity charges from previously undisclosed partnership investments this month. This triggered "difficulties in rolling over commercial paper," Moody's said.
Enron, which has about $63.4 billion in energy assets, said on Monday it is talking with banks to get more credit, after last week drawing down $3 billion from a bank credit line to buy back its outstanding commercial paper.
Its shares traded Monday on the New York Stock Exchange at $13.75, down $1.75, or 11.3 percent. They have fallen 62 percent since Oct. 12, from $35.81.
Rating agency, Standard & Poor's, on Thursday revised its outlook for Enron's ratings to "negative" from "stable."

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

UK: Europe energy firms wary of Enron on credit worries.
By Stuart Penson

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 29 (Reuters) - Energy companies in Europe are shying away from trading with troubled U.S. energy group Enron amid concerns about the company's credit status, industry sources said on Monday.
Several large energy groups have frozen their dealings with Enron - one of Europe's biggest gas and power traders - as they hold urgent talks with the U.S. group about setting up new credit arrangements, the sources said.
"I think Enron's approach is to get the major counterparties back on board as quickly as possible and then hope the smaller ones will follow," said the head of risk management at one UK utility that halted its trade with Enron last week.
"They are talking with us about bank letters of credit," he said. "The people that are still trading with them are doing so on a very restrictive basis."
A spokesman for Enron's European headquarters in London headquarters declined to comment.
Reluctance to trade with Enron in Europe comes as the company tries to rebuild investor confidence after its stock hit five-year lows.
Triggering the slide was news last week the U.S. Securities and Exchange Commission is investigating huge losses relating to a private equity operation run by its former chief financial officer.
Houston-based Enron trades a large amount of its volume in the U.S. and Europe through its Internet EnronOnline system.
Last Friday the company said trade on EnronOnline was above average levels with more than 8,400 transactions at a notional value of approximately $4 billion.
Traders said Enron's plight could hit liquidity in European gas and power markets, where liberalisation has unleashed rapid growth in energy trading in the last couple of years.
One industry source cited a brokers list showing eight companies in the UK electricity market had put on hold their trading Enron, which is among the biggest five traders in the market.
In mainland Europe, where Enron has been a major driver of liquidity, potential counterparties are treading with care.
"We are avoiding them as counterparties - either by not trading with them or by using a 'sleeve' (a third party trader)," said a senior trader at one of Germany's big utilities, who declined to be named.
French traders said wariness about dealing with Enron had dampened liquidity although Enron was still in the market on Monday morning.
"Enron is a major player so counter parties are looking to see if there is a problem," said one French trader.

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

BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
By Michael Rieke

10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Thanks to Enron Corp. (ENE), the broadband sector again looks like a place to make money.
But it won't be traders who will cash in on this new potential. It will be class-action attorneys. They're already lining up to sue Enron in at least five shareholder suits.
As of Oct. 25, two of lawsuits had been filed against Enron in federal court and three more in Texas state court. Most of them name as defendants Ken Lay, Enron's longtime chairman, former Chief Executive Jeff Skilling and Andrew Fastow, Enron's chief financial officer until he was put on leave of absence Oct. 25.
Still another suit, which isn't a class action suit, was filed naming as defendants members of Enron's board of directors.
All the lawsuits concentrate on private investment partnerships Enron set up, many of them managed by Fastow. Most of the suits contend that it was a conflict of interest to have the Fastow partnerships doing complicated hedging transactions with Enron.
The transactions named in the lawsuits involved billions of dollars of underperforming assets in broadband, water and other Enron investments.
Fastow operated on both sides of some of those transactions. As Enron's chief financial officer, he was being paid to manage the corporation's finances. As general partner of two LJM partnerships, he managed the counterparties to billions of dollars of trades with Enron. He shared in profits of those partnerships.
When investors began demanding information about the transactions, Enron's share price began to slide. With the heat on, Enron recently unwound the trades with the partnerships and booked $544 million related to losses from early termination of the deals, among other things.
That's when the class action attorneys went to work. So far, at least 14 law firms are representing the plaintiffs. Enron didn't respond to calls asking about the lawsuits.
Among the law firms representing plaintiffs is Milberg Weiss Bershad Hynes & Lerach, which put out a news release announcing its lawsuit. The release points out that the firm has been responsible for recovering more than $30 billion from class action lawsuits.
The lawsuits bring up questions about the bandwidth trading market. Some of the deals with the LJM partnerships run by Fastow "purportedly involved hedging transactions in the broadband market," according to Abrams and Franks v. Enron et al.
That could tie into questions that have lingered in the bandwidth market for months. Market skeptics have said Enron and other energy companies are the only ones trading bandwidth.
Enron has reported that it has been trading with a growing number of counterparties, a total of 120 in the second quarter of this year, according to Enron.
Now market watchers will want to know if any of Enron's trades were done with the LJM partnerships managed by Fastow.
They will also want to know how many bandwidth trades were done with Chewco Investments. That Houston company, according to a report in The Wall Street Journal, was managed by Michael Kopper and was set up in 1997 when Kopper was a managing director with Enron's Global Equity Markets Group. He left Enron earlier this year to work for partnerships run by Fastow.
Do the plaintiffs' attorneys know whether Enron was trading bandwidth with any of those investment partnerships?
"I think if is too early to tell," Thomas Bilek of Hoeffner & Bilek told Bandwidth Beat. "As you know, (information) is coming out in drabs and dribbles from Enron."
It could be several months before plaintiffs' attorneys get a chance to ask Enron officials those questions, Bilek said.
It's also too early to tell what potential damages plaintiffs could win, said Steven Schulman, an attorney with Milberg Weiss. "At this point, you can only talk about it in terms of (shareholder) losses, and the losses are in the billions."
Total losses will depend on the price each shareholder plaintiff paid for the stock and the price at which each shareholder later sold the stock.
Enron's share price topped out between $90 and $91 in the summer of last year. It set a 52-week low Oct. 26 at $15.04. That spread leaves plenty of room for losses.
Schulman told Bandwidth Beat that the record for losses in shareholder cases is $11 billion in a case involving Cendant Corp. (CD). Damages are usually a substantial portion of losses, Schulman said.
"Whether (the Enron case) is bigger or less, I couldn't opine," he said. "This is a big case, by any means."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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


Michelle, can you please convert these to a % of capacity on a mmbtu/d basis? Thanks.

 -----Original Message-----
From: 	Brennan, Lorna
Sent:	Monday, November 26, 2001 11:12 AM
To:	Lokay, Michelle
Cc:	Harris, Steven
Subject:	Throughput Spreadsheet

Michelle,

Here is the spreadsheet with the four pipelines' throughput data for the mortgage review.

Call me if you have any questions.

Lorna M. Brennan
Competitive Intelligence
Enron Transportation Services
Omaha  402-398-7573


This is the final version, including the changes Jeff just requested.

Ursula


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/30/2001
12:37 PM ---------------------------

"Ryan Lee" <ralee@rmi.net> on 04/27/2001 12:28:28 PM
To: "Nick Woods \(E-mail\)" <lusciouswoods@yahoo.com>,
<matthew.lenhart@enron.com>, "Jayson Gill" <dodebag@hotmail.com>, "Jason
Klimek" <klimjas@chrobinson.com>, "JAKE Istnick" <jakeistnick@hotmail.com>,
"Haig Newton" <hnewton@analytic-solutions.com>, "David Shaw"
<davidishaw@yahoo.com>, <danielkbrock@hotmail.com>, "Claude.Aldridge"
<Claude.Aldridge@yellowglobal.com>, "Brian Beggs" <brbeggs@hotmail.com>,
"Andy Patton" <andy.patton@wcom.com>
cc:

Subject: Coors fiels Baby!

Welcome to the D-town.

----- Original Message -----
From: "Lee, Ryan" <ryan.lee@iccx.net>
To: <ralee@rmi.net>
Sent: Friday, April 27, 2001 10:06 AM
Subject: FW: Pac bell (Sf)

>
>
> -----Original Message-----
> From: Mcwhite, John [mailto:JMcwhite@BreeceHill.com]
> Sent: Thursday, April 26, 2001 11:07 AM
> To: 'St. D'; 'Stan'; Lee, Ryan; 'Donnay'; 'Cox'; 'Red Eye'; Williams,
> Zach; 'Klimek'; 'Vic'
> Subject: FW: Pac bell (Sf)
>
>
> This is what all baseball games need. It would add a little excitement.
> Check out these chicks they are flashing the fans
>
> > -----Original Message-----
> > From: Brent Ryerson [SMTP:BrentR@ecollege.com]
> > Sent: Thursday, April 26, 2001 10:50 AM
> > To: 'Mcwhite, John'
> > Subject: FW: Pac bell (Sf)
> >
> > these chics were flasing the crowd, then the ball players started
watching
> > start with pic #4
> >
> > heading out of town
> > enjoy the game this weekend, this should inspire YOU JOHNNY!!!
> >
> > RYER
> >
> > -----Original Message-----
> > From: McDaniel, Patrick [mailto:PMcDaniel@dlj.com]
> > Sent: Thursday, April 26, 2001 10:35 AM
> > To: Brent Ryerson
> > Subject: FW:
> >
> >
> >
> >
> > -----Original Message-----
> > From: Fraher, John
> > Sent: Thursday, April 26, 2001 8:55 AM
> > To: McDaniel, Patrick; Iturrino, Renzo; Donlon, Paul; Taffe, Patrick
> > Subject: FW:
> >
> >
> >
> >
> > John M. Fraher
> > Private Client Services
> > Credit   | First
> > Suisse | Boston
> > DLJ Securities Corporation
> > 600 California Street, 20th Floor
> > San Francisco, CA 94108
> > Tel:   415-249-2285
> > Fax:  415-249-2237
> >
> >
> > -----Original Message-----
> > From: Platt, Mark [mailto:mplatt@pacgrow.com]
> > Sent: Thursday, April 26, 2001 8:35 AM
> > To: Cuffee (E-mail); Damon Williams (E-mail); Jman (E-mail); Jimmy
> > Connelly (E-mail); Mark Chielpegian (E-mail); Mike Reinardy (E-mail)
> > Cc: Matt McMahon (E-mail)
> > Subject: FW:
> >
> >
> > these are the chicks from that game we were at INSANE RACKS,,,,,
> >
> > > -----Original Message-----
> > > From: Perkins, Ben
> > > Sent: Thursday, April 26, 2001 11:30 AM
> > > To: Milstein, George; Swindle, Chris; Stone, KC; Mulcahy, Mark; Platt,
> > > Mark; Harrison, Sandy; Schatz, Steve; Svendsen, Peter; Alger, Brian
> > > Subject: FW:
> > >
> > > A little raw SF talent at PacBell
> > >
> > > _______________________________________
> > > Ben Perkins
> > > Associate
> > > Investment Banking
> > > Pacific Growth Equities
> > > Four Maritime Plaza
> > > San Francisco, CA 94111
> > > ph (415) 274-6895
> > > fax (415) 274-6849
> > >
> > >
> > >
> > >  <<flash3.JPG>>  <<flash1.JPG>>  <<flash2.JPG>>  <<barry_group.JPG>>
> >
> >  <<flash3.JPG>>  <<flash1.JPG>>  <<flash2.JPG>>  <<barry_group.JPG>>
>
>

 - flash3.JPG
 - flash1.JPG
 - flash2.JPG
 - barry_group.JPG


Tana,

I am currently working on an audit of the Risk Controls Group sanctioned by
Enron North America.
As a part of this audit, one of my objectives is to become more familiar with
the NYMEX Limits
set for traders.  Specifically I want to:
 1.   Ensure that the limits are correct
 2.  See appropriate action was taken to satisfy the request of the Trader
  (ie.  If a request was made today to raise the limits, approval from the
NYMEX
  should be obtained.
and 3. I'd like to see all the documentation taking place between
trader-Legal-Nymex.
  -- Does legal call NYMEX, or e-mail them? Please indicate the specific
documentation involved.

I realize that this is a bit vague, but I just wanted to give a heads up on
what my basic objectives were.
I was hoping that you could point me in the right direction, or perhaps let
me know someone in your group
from whom I can get further information.

I certainly appreciate all of your help.
If you have any questions I can be reached at x31684.

Sincerely,

Jack Ehrig


----- Forwarded by Tana Jones/HOU/ECT on 03/05/2001 09:03 AM -----

	Aparna Rajaram/ENRON@enronXgate
	03/05/2001 08:35 AM

		 To: Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Samuel
Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect,
Steve Venturatos/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Paul
Radous/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Ken Curry/ENRON@enronXgate, Nicole
Hunter/NA/Enron@Enron
		 cc:
		 Subject: Click Paper Approvals, 3-5-01

Please see attached.

Regards,

Aparna Rajaram
ext. 5-4563


User iD:  enrondlr
PW:          bnaweb22

----- Forwarded by Sylvia Hu/Corp/Enron on 11/27/2000 08:29 AM -----

	"BNA Highlights" <bhighlig@bna.com>
	11/26/2000 11:11 PM

		 To: "BNA Highlights" <bhighlig@bna.com>
		 cc:
		 Subject: Nov. 27 -- BNA, Inc. Daily Labor Report

______________________________

DAILY LABOR REPORT
Highlights & Table of Contents
November 27, 2000
______________________________

ISSN 1522-5968

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

D.C. CIRCUIT RULES AIRLINE ILLEGALLY OUSTED ALPA WORKERS
FROM PROFIT-SHARING

Cargo airline Atlas Air Inc. violated the Railway Labor Act
by excluding pilots and flight engineers from participation
in a profit-sharing plan "for the sole reason" that they
voted for union representation, the District of Columbia
Circuit rules ("Atlas Air Inc. v. Air Line Pilots Ass'n,
"D.C. Cir., No. 99-7223, 11/21/00). Reversing a district
court's grant of summary judgment to Atlas Air, the appeals
court acknowledges that employers covered by the act may
change working conditions when no bargaining contract exists
between the parties.

However, Judge Sentelle decides "where the challenged
modification to the status quo is far from merely formal,
and is in fact the equivalent of a substantial decrease in
compensation having a real and material impact on the
conditions of employment, and is justified on no other
grounds than union certification, we may presume that the
carrier's actions were motivated by anti-union animus and
are in violation of RLA Section 2, Third and Fourth."

Atlas Air sued for a declaratory judgment that its exclusion
of some 550 newly unionized pilots and flight engineers from
the profit-sharing plan was legal and that it could make
more changes in employment conditions before collective
bargaining began. The Air Line Pilots Association
counterclaimed, alleging the airline interfered with
workers' right to organize. . . . Page AA-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8k2j4_

PROBE OF HARASSMENT CHARGE AGAINST UNION ADVOCATES BARRED BY
NLRB

A North Carolina diesel engine firm violated the rights of
two employees by investigating and then documenting a
harassment complaint waged against them for distributing a
union organizing newsletter, the National Labor Relations
Board rules in a 2-1 decision ("Consolidated Diesel Co.,"332
N.L.R.B. No. 94, 10/31/00 [released Nov. 7]).

Although neither of the two employees was disciplined, the
board says that the process still had the potential of
interfering with their rights to engage in protected
activity under Section 7 of the National Labor Relations
Act.

"Clearly [Consolidated Diesel Co.'s] requiring employees who
engage in protected concerted activity to submit to a
process with the potential for interrogation about protected
activity, discipline, discharge, and permanent
documentation, simply because some person at one time
claimed to be harassed by that activity, has a reasonable
tendency to restrain the exercise of Section 7 rights,"
Chairman Truesdale and Member Fox write. Dissenting Member
Hurtgen finds no violation and "nothing coercive" in the
actions. . . . Page A-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r6y9d0_

VIGILANCE REQUIRED TO CLASSIFY COMPUTER PROFESSIONALS' WORK
UNDER FLSA

With computer professionals becoming more integral to the
work of high-tech, and even not-so-high-tech, companies, it
has become more important for employers to understand and
apply correctly the Section 13 (a) exemption under the Fair
Labor Standards Act overtime law for computer professionals,
according to attorneys interviewed by BNA.

Employers seeking to apply the overtime exemption must be
certain that the work performed by the "computer
professional" at issue falls within the parameters of the
statute. In addition to considering the statute, employers
determining whether employees are overtime-exempt must "walk
through" the implementing regulations issued by the
Department of Labor in 1992 and "make sure" that their
computer workers fall within the guidelines, according to
management attorneys. . . . Page C-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r5h2n1_

FLSA APPLIES TO HOME FOR MENTALLY RETARDED

A nonprofit organization that provides community living
residences for mentally retarded adults must comply with the
Fair Labor Standards Act when it calculates overtime payment
rates for its employees, the Third Circuit affirms ("Madison
v. Resources for Human Dev., "3d Cir., No. 99-1821,
11/15/00). Staff members of Resources for Human Development
Inc. cannot be considered FLSA-exempt "domestic service
employees" because RHD residences are not private homes, the
court decides. Clients do not have full control over access
to their residences and do not have "unfettered freedom in
their day-to-day conduct."

However, the appeals court remands the case to a lower court
to decided whether cash payments from RHD's cafeteria
benefits plan should be taken into account when calculating
employees' overtime payments. The district court improperly
relied on an informal interpretive guidance when it granted
summary judgment to the plaintiffs, the court finds. . . .
Page A-7

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8g1c6_

 NUMBER OF EMPLOYER-PAID HOLIDAYS ABOUT THE SAME AS LAST
YEAR'S

Employees can look forward to about as much paid time off
this Christmas and New Year's season as last, according to
BNA's latest annual survey of year-end holiday plans.

Almost half of the responding employers (49 percent) will
grant three or more paid days off for the holiday season
this year, little changed from 50 percent in 1999-2000, when
the national holidays fell on Saturdays, and slightly more
than the 47 percent of employers in 1995-96, when Christmas
and New Year's last landed on Mondays. Employers' holiday
scheduling continues to be slightly more conservative than a
decade ago, when, in 1989-90, a year when the national
holidays also fell on Monday, six out of 10 firms gave
workers at least three paid days. . . . Page B-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r5t4n8_

STUDY SHOWS 15 PERCENT OF JOB SEEKERS USE INTERNET

A new study of Internet use by job seekers shows that in
1998 about 15 percent of all unemployed people actively
looking for new jobs turned to various World Wide Web sites
in conducting their search.

About 7 percent of employed persons had used the Internet to
look for a new job in 1998, a higher proportion than shown
in earlier studies of traditional job-search methods,
according to economists Peter Kuhn and Mikal Skuterud in an
article published by the Bureau of Labor Statistics. The
economists find little impact so far of increasing use of
the Internet on public employment agencies.. . . Page A-3 ,
Text-E-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7z1r9_

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8j6g7_

________________

ALSO IN THE NEWS
________________

SEXUAL ORIENTATION:  An employee who was born a genetic male
and reassigned as a female established a prima facie case of
sexual orientation discrimination under the Minnesota Human
Rights Act by showing that her employer denied her the use
of the women's restroom, a state appeals court rules. . . .
Page A-3

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8f5g9_

INTERNATIONAL LABOR: Legislation to overhaul Ontario's
employment standards would extend parental leave benefits to
50 weeks and provide greater flexibility in scheduling
working hours and vacation time.. . . Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8d3y1_

PENSIONS: DOL is reserving for further consideration the
question of extending its recently adopted claims procedure
reforms for group health plans to pension plans and welfare
plans. . . . Page A-2

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7e2w1_

PUBLIC EMPLOYEES: Some 9,300 Oregon state managerial and
professional employees received claims forms the week before
Thanksgiving because of a successful class action lawsuit on
overtime pay. . . . Page A-6

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7u4h1_

____

TEXT
____

EMPLOYMENT: Article on job search methods reprinted from
October 2000 issue of BLS's" Monthly Labor Review". . . .
Page E-1

http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8j6g7_

_________________

TABLE OF CONTENTS
_________________

LEADING THE NEWS

RAILWAY LABOR ACT
   D.C. Circuit rules cargo airline Atlas Air Inc. violated
   Railway Labor Act by excluding pilots and flight
   engineers from participation in profit-sharing plan
   because they voted for union representation . . . Page
   AA-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8k2j4_

____

NEWS
____

DISABILITIES
   California appellate court rules county sheriff's
   department is not liable for refusing to hire deputy
   sheriff applicant disqualified by color-blindness . . .
   Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r5r9h8_

EMPLOYMENT
   New study shows that in 1998 about 15 percent of all
   unemployed people actively looking for new jobs turned to
   various World Wide Web sites as part of their search . .
   . Page A-3,  Text E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7z1r9_

   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8j6g7_

FLSA
   Third Circuit rules nonprofit organization providing
   community living residences for mentally retarded adults
   must comply with FLSA in calculating overtime payment
   rates . . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8g1c6_

INTERNATIONAL LABOR
   Legislation to overhaul Ontario's employment standards
   would extend parental leave benefits for province's
   workers to 50 weeks, provide workers and employers with
   greater flexibility in scheduling working hours and
   vacation time . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8d3y1_

LABOR LAW
   NLRB rules North Carolina diesel engine firm violated
   rights of two employees by investigating and then
   documenting harassment complaint waged against them for
   distributing union organizing newsletter . . . Page A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r6y9d0_

PENSIONS
   Labor Department reserves for further consideration the
   question of extending recently adopted claims procedure
   reforms for group health plans to pension plans and
   welfare plans . . . Page A-2
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7e2w1_

PUBLIC EMPLOYEES
   Some 9,300 Oregon state managerial and professional
   employees receive forms to file claims for overtime pay .
   . . Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7u4h1_

SAFETY & HEALTH
   Appeals court in Louisiana rules widow of oil rig worker
   killed on the job failed to establish company was aware
   of dangerous condition and intentionally failed to remedy
   it . . . Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7n3v7_

   OSHA reports number of construction deaths in Florida
   rose to 59 in fiscal year ended Sept. 30, compared with
   54 construction fatalities in FY 1999 . . . Page A-4
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8b4z4_

SEXUAL ORIENTATION
   Minnesota appeals court rules employer's refusal to allow
   use of women's restroom by employee born a genetic male
   and reassigned as a female is prima facie evidence of
   sexual orientation discrimination under state Human
   Rights Act . . . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8f5g9_

TRADE SECRETS
   Intel Corp. and Broadcom Corp. announce settlement of all
   claims and counterclaims in litigation between high-speed
   networking competitors . . . Page A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7e7b1_

______

TRENDS
______

EMPLOYEE BENEFITS
   BNA's annual survey of year-end holiday plans finds
   employees can look forward to about as much paid time off
   this Christmas and New Year's season as last . . . Page
   B-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r5t4n8_

__________________________

ANALYSIS & PERSPECTIVE
__________________________

FLSA
   As computer professionals become more integral in the
   workplace, employers' must understand and apply correctly
   exemption under federal overtime law . . . Page C-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r5h2n1_

____

TEXT
____

EMPLOYMENT
   Reprint of article on job search methods as published in
   the October 2000 issue of BLS's "Monthly Labor Review" .
   . . Page E-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8j6g7_

______________

TABLE OF CASES
______________

Atlas Air Inc. v. Air Line Pilots Ass'n (D.C. Cir.) . . .
Page AA-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8k2j4_

Beard v. Grey Wolf Drilling Co. (La. Ct. App.) . . . Page
A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7n3v7_

Consolidated Diesel Co. (N.L.R.B.) . . . Page A-1
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r6y9d0_

Diffey v. Riverside County Sheriff's Dep't (Cal. Ct. App.) .
. . Page A-5
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r5r9h8_

Goins v. West Group (Minn. Ct. App.) . . . Page A-3
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8f5g9_

Intel Corp. v. Broadcom Corp. (Cal. Super. Ct.) . . . Page
A-8
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7e7b1_

Madison v. Resources for Human Dev. (3d Cir.) . . . Page A-7
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r8g1c6_

Young v. State of Or. (Or. Cir. Ct.) . . . Page A-6
   http://pubs.bna.com/ip/BNA/dlr.nsf/id/a0a3r7u4h1_

   __________
   Daily Labor Report (ISSN 1522-5968) Highlights are
   published daily by The Bureau of National Affairs, Inc.,
   1231 25th St., NW, Washington, DC 20037.

   For account information and changes, contact
   1-800-372-1033 (M-F, 8:30 am-7:00 pm ET)

   To request retransmission or to order a copy of the
   summarized article, contact 1-800-452-7773 or e-mail
   bnaplus@bna.com.

   For copyright guidelines, go to
   http://www.bna.com/corp/copyright.

   Copyright (c) 2000 by The Bureau of National Affairs,
   Inc.  Washington, D.C.  20037.  Use of this service is
   subject to the terms and conditions of the license
   agreement with BNA.  Unauthorized access or distribution
   is prohibited.


I apologize.  I meant 8:00 A.M.

Sorry for the confusion.

	Matt Pena
	11/10/2000 08:19 AM

To: Unify Gas User Group
cc:

Subject: Outage for Unify Gas Users

Just a reminder that our Unify Gas system will be unavailable today from 6:00
P.M. until Saturday at 8:00 P.M. due to  server / database maintenance.


Good Morning (Afternoon) ,

Today, everyone should have received a binder. Some were placed in your mail
slots and others were hand delivered.  If you did not receive a binder, please
email or call me for one to be delivered to you.

Thank you,
Octavia
x78351


pls print with cover memo--for me and maria.  thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/04/2000
01:56 PM ---------------------------

	From:  Ricki Winters                           05/03/2000 07:22 PM

To: Maria Pavlou/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Steve Hotte/Corp/Enron@ENRON, Janet
Cones/FGT/Enron@ENRON, Steven January/ET&S/Enron@ENRON, Rick Dietz, Sheila
Nacey/ET&S/Enron@ENRON, Lynn Blair/ET&S/Enron@ENRON, Julia White

Subject: EnronOnline

Attached is a brief overview of the proposed TW Pilot Program for 20/d of
firm capacity using EnronOnline as the Internet Tool.  This is the
information that Steve Harris has been working on.  Unfortunately, Steve
Hotte and I have a conflict with the meeting you scheduled on Thursday May 4
at 1:00.

Let me know if you have any questions.

Thank you,
Ricki Winters for Julia White


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/12/2000
05:23 PM ---------------------------

Vince J Kaminski
04/12/2000 05:21 PM
To: Joseph Hrgovcic/HOU/ECT@ECT
cc:
Subject: Re: Presentation by Yannis Tzamouranis at Thursday Staff Meeting

Joe,

OK as long as the number is limited. ,Please, check with Shirley regarding
lunch.
We are already full in this room.

Vince

Joseph Hrgovcic
04/12/2000 03:33 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Presentation by Yannis Tzamouranis at Thursday Staff Meeting

Vince,

 I would like to invite some people from the Weather Derivatives desk to
attend the lunch, if that's OK. One of them is the Australian weather desk's
research/data representative, and it would be good if he could become
familiar with the research group.

Joe

---------------------- Forwarded by Joseph Hrgovcic/HOU/ECT on 04/12/2000
03:31 PM ---------------------------

Shirley Crenshaw
04/12/2000 02:30 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Kevin G Moore/HOU/ECT@ECT,
Grant Masson/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Jason Sokolov/HOU/ECT@ECT, Michael
SCHILMOELLER/Enron@Gateway, Anjam Ahmad/LON/ECT@ECT, Vincent
Tang/HOU/ECT@ECT, Alexios Kollaros/HOU/EES@EES, Maureen Raymond/HOU/ECT@ECT,
Martin Lin/HOU/ECT@ECT, Benjamin Parsons/LON/ECT@ECT, Osman
Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Steven Leppard/LON/ECT@ECT,
Bryan Seyfried/LON/ECT@ECT, Farouk Lalji/HOU/ECT@ECT, Michael
Sergeev/HOU/ECT@ECT, Patricia Tlapek/HOU/ECT@ECT, Amitava
Dhar/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON, Ronnie
Chahal/HOU/EES@EES, Kevin Kindall/Corp/Enron@ENRON, Clayton
Vernon/Corp/Enron@ENRON, William Smith/Corp/Enron@ENRON, Ravi
Thuraisingham/Enron Communications@Enron Communications, Leandro
Ibasco/Corp/Enron@Enron, Yanna Crystal/Corp/Enron@ENRON, Jose
Marquez/Corp/Enron@ENRON, Samer Takriti/Corp/Enron@Enron, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Guadalupe
Margain/Corp/Enron@Enron, Tom Halliburton/Corp/Enron@Enron
cc:
Subject: Presentation by Yannis Tzamouranis at Thursday Staff Meeting

Hello all:

Yannis Tzamouranis will make a presentation at the Research Group's
Thursday staff meeting (4/13/00) entitled:

"Proposal for a new data visualization project"

It will be in EB 30C1 at 11:30.

See you there.

Shirley Crenshaw
713-853-5290


Hope you feel better soon!


I was informed that Alliant Energy Corp. did a physical power deal on EOL
today.  This CP is NOT authorized to trade US power products, so please shut
them down for such products as soon as possible.

Thanks,

Leslie


The attached schedule is for Tuesday, June 4.  Associated text files have been posted to Sparky.

Michael R. Frazier
Manager, Load Forecasting
Enron Energy Services
Office: 713-345-3200
Pager: 877-926-0615
P-mail: 8779260615@skytel.com


Hi Susan,

This is what I had for 6/1/00:

I did not have info for the 'NW-STANFIELD' curve (for 6/1 or 6/2):

Let me know if I can try anything else,

Hal
x53707


Here it is again!

-Craig W. Lipke
Citizens Energy Supply
Phone (928) 226-2243
Fax     (928) 226-2168
Cell     (928) 699-3683

*******************************************************************
This email and any files transmitted with it from Citizens
Communication Co. are confidential and intended solely
for the use of the individual or entity to whom they are
addressed.  Any other use is expressly prohibited.
If you have received this email in error please notify the
sender immediately.
*******************************************************************


I think they should have no problem with us using ours.  That is great.  Kelly must have simply forgot you were sending it.

Thanks,

Tom

-----Original Message-----
From: Heard, Marie
Sent: Friday, October 26, 2001 3:35 PM
To: Doukas, Tom; Shackleton, Sara; Panus, Stephanie
Subject: RE: CORP RES AUTH INDIV DOC

Tom:

We have our own form of corporate resolutions.  It was being circulated for signature by the directors and I just received it back today.  I told Kelly Keneally when I sent the documentation to her that we were in the process of routing this for signature and that I would send her a certificate certifying these resolutions when completed.

Marie

-----Original Message-----
From: Doukas, Tom
Sent: Friday, October 26, 2001 3:25 PM
To: Shackleton, Sara; Heard, Marie; Panus, Stephanie
Subject: FW: CORP RES AUTH INDIV DOC

Apparently CSFB neglected to ask us to complete the attached corporate resolution when we executed the broker agreement.  If we could fill out and forward on that would be great.

Tom

-----Original Message-----
From: Keneally, Kelly [mailto:kelly.keneally@csfb.com]
Sent: Friday, October 26, 2001 2:55 PM
To: Doukas, Tom
Subject: FW: CORP RES AUTH INDIV DOC

>  -----Original Message-----
> From: 	Slattery, Daniel
> Sent:	Friday, October 26, 2001 3:46 PM
> To:	Keneally, Kelly
> Subject:	CORP RES AUTH INDIV DOC
>
>  <<corpres.pdf>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


How did your meeting go?


Folks:  Please see highlighted sections.  Anyone seen Byron's plan?  Know
where it's headed, etc.?

Best,
Jeff
*************************************************************************
Power purchase bills exceed $7.5 billion
Published Tuesday, July 10, 2001, in the San Jose Mercury News
BY MARK GLADSTONE, NOAM LEVEY AND DION NISSENBAUM

Mercury News Sacramento Bureau

SACRAMENTO -- Six months after jumping into the electricity business, the
Davis administration on Monday provided the first detailed glimpse of
California's daily power purchases, showing more than $5 billion in payments,
much of it to government-owned utilities and private companies that state
officials have branded as price gougers.
The state spent an additional $2.5 billion on a variety of contracts and
other electricity services designed to stabilize the volatile energy markets,
according to documents that the state agreed to release last week amid a
legal dispute over public access to the data.
In roughly the first five months of the year, the state shelled out $1.2
billion to Atlanta-based Mirant, the most any company was paid for
electricity, followed by $1 billion to Powerex, the marketing arm of BC Hydro
in British Columbia. It also paid $331 million to the Los Angeles Department
of Water and Power.
The documents raise questions about some of the common assumptions that have
arisen around the electricity crisis. For instance, almost 40 percent of the
state's purchases have come from government-run power generators in
California and elsewhere, but not Texas; some of the biggest suppliers are
from the Northwest.
Gov. Gray Davis, who has ambitions to run for the White House, has put much
of the blame for the soaring costs of power on energy companies based in
President Bush's home state.
The figures are tucked inside 1,770 of pages of invoices that Davis has
resisted divulging, saying disclosure would encourage suppliers to charge
more. The state, which last month released information on its long-term
electricity contracts worth $43 billion, agreed Thursday to release the first
quarter details.
Short on explanation
The figures were disclosed late Monday by the California Department of Water
Resources, which buys power for the state's financially strapped major
utilities, and seem to buttress the administration's contention that the
price of power is gradually dropping but offer little or no explanation for
what prompted the decrease.
In January, for instance, the average price for power on the spot market was
$321 a megawatt hour. It peaked in April at $332 and dropped to $271 in May.
One megawatt powers about 750 homes.
Davis spokesman Steve Maviglio said the price data supports the governor's
assertions that California has been gouged. ``The bad guys are clearly the
out-of-state generators,'' Maviglio said. ``There has been a significant
shift of money out of California.''
But the documents fail to shed much light on whether, as the administration
contends, the price drop was due to long-term power contracts negotiated by
the state earlier this year. Critics contend that the Davis administration
panicked and rushed into deals that commit the state to pay high prices for
many years.
Used for support
Republican officials used the price information to bolster their attacks
against Davis, a Democrat, for signing long-term contracts with power
generators even as the price of power on the spot market was coming down,
partly because of the declining price of natural gas used to fuel many
plants.
``It's more clear than ever that the long-term contracts are a bad deal,''
said Assemblyman Tony Strickland, R-Camarillo. ``The governor's really hurt
the ratepayers for the next five or 10 years.''
The newly released bills highlight the volatility of California's energy
market, where the price per megawatt hour ranged from $70 to $1,000. On any
given day, the records show, the prices from seller to seller varied widely,
with some of the highest prices being charged by public utilities and
companies outside Texas.
On one day in February, for example, San Diego-based Sempra Energy was
charging $165 per megawatt hour, the Eugene Water and Electric Board was
charging nearly $500 and Duke Energy, a North Carolina company, was charging
up to $575.
The state's daily spending peaked May 10 at $102.4 million for all power,
including the spot market and contracted power.
The state began buying power in mid-January on behalf of the state's major
utilities, which were unable to borrow money to buy power after amassing
enormous debts for electricity.
San Jose-based Calpine Corp., which is building several new power plants
around California including one in South San Jose, did only $29 million worth
of business with the state in the first five months of the year, according to
the figures.
The state began buying power in mid-January when Pacific Gas & Electric Co.
and Southern California Edison Co. were on the ropes financially. PG&E later
went into bankruptcy.
On Monday, state lawmakers took another shot at trying to cobble together a
plan to rescue financially ailing Edison.
While most concede that a rescue plan Davis worked out with Edison will not
win the necessary support in the Legislature, lawmakers have created several
working groups to come up with alternatives.
Compromise plan
On Monday, state Sen. Byron Sher, D-Redwood City, unveiled the latest
compromise proposal that seeks to protect average ratepayers and small
businesses from further rate increases and forces everyone else to help
finance the Edison bailout.
The ``shared pain'' proposal would force power producers, owed about $1
billion, to take a 30 percent ``haircut'' and agree to forgive about $300
million in Edison debts. Edison would be asked to swallow $1.2 billion --
about a third of its debt. And big users would be asked to pay off the
remaining $2 billion in debts, possibly by paying higher prices for power.
In exchange, large companies would be given the opportunity to buy power on
the open market, a system that would allow many of them to sign cheap energy
deals.
Sher presented the proposal to Senate Democrats Monday afternoon, but it
remains unclear how much support the framework will receive in the
Legislature.

Contact Mark Gladstone at mgladstone@sjmercury.com or (916) 325-4314.


Since it will not be possible to reach Ken Lay before tomorrow, Jim advises
that the actions will not be taken before Monday morning India time.  In the
interim, your approval and comments on the attached draft statement/Q&As
would be appreciated.  I will be out of town until mid-afternoon Sunday, but
checking e-mails and can be reached on my cellular phone (281-948-7273).

Thanks,

John


If there is anything you may need from the cash desk that could be of assistnace, please let me know and I will ty to help.  Looks like accounting is going to have to give you most of the info for compliance.


---------------------- Forwarded by Eric Bass/HOU/ECT on 12/13/99 02:34 PM
---------------------------

Brian Hoskins
12/13/99 02:22 PM
To: Dick Jenkins/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Roberto
Martinez/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Hector Campos/HOU/ECT@ECT,
Lenine Jeganathan/HOU/ECT@ECT
cc:
Subject: Fwd: Monica

---------------------- Forwarded by Brian Hoskins/HOU/ECT on 12/13/99 02:21
PM ---------------------------

Ophelia Mottu
12/13/99 01:47 PM
To: Stephanie Gardner/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Javier
Espinoza/HOU/ECT@ECT, Kristie Youngblood/HOU/ECT@ECT, rpena@houston.org,
rmart@telxon.com, hcarker@rexelusa.com, ntorres@rexelusa.com,
etijerin@exchange.ml.com, ktijerina@tmh.tmc.edu, agaytan@aglife.com,
Veronica.Mottu@usa.xerox.com, vanessa_hernandez@co.harris.tx.us,
dd545022@MSXSSC.shell.com, Brian Hoskins/HOU/ECT@ECT
cc:
Subject: Fwd: Cum on Monica

---------------------- Forwarded by Ophelia Mottu/HOU/ECT on 12/13/99 01:43
PM ---------------------------

griselda echeverria <koko7722@yahoo.com> on 12/13/99 09:10:55 AM
To: stacey ornelas <staceyornelas@hotmail.com>, Hiawatha Henry
<hiawatham@yahoo.com>, elsa lopez <elsa@genesiseurope.com>, Maria Martinez
<mariam@cda.co.harris.tx.us>, Ophelia Mottu/HOU/ECT@ECT
cc: Bety Rivera <BBRMORENA@aol.com>
Subject: Fwd: Cum on Monica

>http://www.dirtymind.com/games/word/index.html


Kay, please review and comment.  I'll send to Marvin after you say OK


We will need to end today at 12:45 due to NYMEX meeting commencing at 1.  Are
any of you attending the NYMEX meeting?

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Our efforts with the Governors have been productive from a GA standpoint and
may be prove fruitful from a business develop standpoint as well.  Given
FERC's issuance of their price cap order, Sue, Scott and I have been
reviewing various options for staying relevant to the Governors.

We submit that we can stay relevant to the Governors and continue to provide
positive value to our national efforts by moving our message from "neither
price caps nor balkanization shall you support," to

? we need RTO West and Desert Star now--i.e., set some deadlines FERC
? long-term portfolio management is a good thing
? core/noncore is a reasonable risk management tool
? there are certain provisions of the "Democratic" energy plan and the Bush
plan that we can all support--see below.

We've scheduled meetings with Gov. Leavitt's office in mid-July and will
begin our outreach to Gov. Kitzhapper and Gov. Locke after we discuss the
above.    If interested, I'll ask Lysa to set up a conference call to discuss.

 -----Original Message-----
From:  Bolton, Scott
Sent: Friday, June 22, 2001 1:43 PM
To: Paul Kaufman/PDX/ECT@ENRON; Landwehr, Susan
Subject: WGA Messages

Per our conversation this morning, here are a program and messages for our
western democratic governor friends:

Open Access to transmission in the West / creation of Western RTO
Double the Administration's  LIHEAP and weatherization program budgets
Streamline FERC's permitting process for approval of new pipeline siting and
construction.
&EXCEED8 Tax Credit: 10% investment tax credit for the cost of clean air
control technology for utilities that lead a power plant to exceed mandatory
emissions reduction levels for pollutants regulated under Title I of the
Clean Air Act, or for significant early compliance with clean air emissions
reduction target dates.  This credit would be applied on a sliding scale and
public utilities and coops would be permitted to trade the credits or use
them as offsets against debt or obligation in lieu of tax credits
CARE Fund: &Conservation And Renewable Energy8 Public Benefits Fund.  To
provide grants and flexible financing for rapid development of renewable
energy generation and to maximize energy conservation and efficiency.

These are a few programs that I think we could find agreement on.  Let me
know if I'm on the right track or not.  Thanks.


Thank you.

 -----Original Message-----
From: 	Lozano, Melba
Sent:	Monday, October 15, 2001 6:04 PM
To:	Grigsby, Mike
Subject:	RE: Please activate

done

 -----Original Message-----
From: 	Grigsby, Mike
Sent:	Monday, October 15, 2001 4:36 PM
To:	Lozano, Melba
Subject:	Please activate

Thank you for helping on the other two.  Please activate the following long list of products:

63230
63232
63234
63236
63238
63240
63242
63244
63246
63248
63250
63252
63254
63256
63258
63260

Thanks,
Mike


Anjam,

I have another meeting. Please, talk to Grant.

I shall catch him in the morning to review
where we stand.

Vince

	Enron Capital & Trade Resources Corp. - Europe

	From:  Anjam Ahmad                           08/10/2000 08:41 AM

To: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
cc:
Subject: Follow Up on Houston Opportunity

Hi Vince & Grant,

I was wondering if you would have some time to discuss the opportunity
tomorrow morning (Friday)?  I am free from 10am to 12pm Houston time.

Thanks,

Anjam
x35383


Hello Debra, I have not yet received any contracts from you to review.  I
understand that we have a large number of current Transactions with Enron
amounting to several million dollars.  I have been asked to make these
negotiations a priority and was wondering if you could get something to me
at your earliest convenience.
Thank you.
Daniela Horth
Contract Administrator
Storage and Hub Services
Phone (403) 691-5914
Fax: (403) 290-8584
e-mail:  DanielaHorth@aec.ca

> -----Original Message-----
> From: Horth, Daniela
> Sent: Thursday, November 16, 2000 1:53 PM
> To: 'DPerlin@enron.com'
> Subject: Corporate Information
>
> Hello Debra, as per our conversation, please find attached the corporate
> info on both of the entities for which we will want to put a contract in
> place.   The ultimate parent of each is Alberta Energy Company Ltd.
>
>   << File: info-sheet.ASHSI.doc >>  << File: info-sheet.WGSI.doc >>
> If you require anything further please do not hesitate to contact me.  I
> will await receipt of your draft contracts.
>
> Regards,
>
> Daniela Horth
> Contract Administrator
> Storage and Hub Services
> Phone (403) 691-5914
> Fax: (403) 290-8584
> e-mail:  DanielaHorth@aec.ca
>


I cannot play on Thursday but thanks for letting me know.  Could you check with Steve and his wife for their availability on Sunday.  I emailed him but wanted to make sure he got it.  Thanks.

TGBOLDIG@aol.com on 05/22/2001 05:42:37 PM
To:	<cegann@dow.com>, <Stanley.Horton@enron.com>
cc:

Subject:	Golf Thursday

We have a 9:00 tee time Old Course

Tom


If you have an Enron Company Pager please turn it in to Claudia or myself by the end of this week.  We are going to close our account with Pagenet.

Thanks for your help.

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Gotta hear about your trip.  Was it fun?