INDIA: Enron chief says many want Dabhol row to end.
Reuters English News Service, 07/10/01

Transmission Line Delays Hit Scottish Generators
Dow Jones Energy Service, 07/10/01

Enron and Anschutz Invest in Tropic Networks; Leading Communications Provider
and Investment Company Subscribe to Tropic Networks' Optical Packet
Networking Vision
Business Wire, 07/10/01

Nigerian gas company signs accord to supply US power firm
Agence France-Presse, 07/10/01

Enron pushes for resolution of Dabhol power project deadlock
Agence France-Presse, 07/10/01

Judge tells deal critics to continue utility talks
The Star-Ledger Newark, NJ, 07/10/01

Tacoma Power wants millions Customer refund: Utility estimates it overpaid
electricity generators about $72 million
The News Tribune Tacoma, WA, 07/10/01

INDIA: Enron chief says many want Dabhol row to end.

07/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, July 10 (Reuters) - Enron Corp chairman Kenneth Lay said on
Tuesday that governments of several countries and some of the world's biggest
banks wanted an early end to the row over its troubled Indian unit.
"I think it's in everybody's best interest - the government of India, the
government of the U.S., the investors, the government of Japan - we have many
government financial entities involved in this project," he told reporters.
"So you've a lot of interests here who would like to see this resolved and
resolved very quickly," Lay said after a meeting with Finance Minister
Yashwant Sinha.
Lay said Monday's meeting with the finance minister did not yield any
solution for the U.S. energy firm's $2.9-billion Dabhol power plant, which is
locked in a bitter payments battle with Maharashtra State Electricity Board
(MSEB), a state utility.
"Obviously we didn't come to any conclusion today. We didn't expect to come
to any conclusion today. It will take some more work...but certainly we're
very hopeful," he said.
Lay met federal Power Minister Suresh Prabhu for nearly two hours on Monday
and was to meet the chief minister of the western state of Maharashtra, where
Dabhol is located, later on Tuesday.
In May, Enron issued a preliminary termination notice after MSEB defaulted on
payments, and the utility, Dabhol's sole buyer, stopped taking power from the
project.
Enron holds a 65-percent stake in the Dabhol Power Co. Its first phase of 740
MW was completed in 1998 while a second phase adding another 1,444 MW was
almost complete when its contractor stopped work because of the dispute.
Lay said the governments of Oman and Abu Dhabi were involved in contracts for
liquefied natural gas for the second phase of the project.
The project has been funded with a debt of $2 billion. Of this, offshore
lenders have contributed about $600 million and the remaining $1.4 billion by
local institutions and banks.
Lay said the biggest banks from United States, Europe, Canada and Japan were
involved in the project.

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

Transmission Line Delays Hit Scottish Generators

07/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- Construction of a long-awaited transmission line that
would boost access of Scottish generators to the English market remains on
hold because of foot-and-mouth related restrictions, the National Grid Group
PLC (NGG) told Dow Jones Newswires Monday.
"The North Yorkshire Transmission Line Project, that went on hold with the
onset of the foot-and-mouth epidemic late February, remains on hold because
construction teams cannot access areas classified as infected," said the
National Grid spokesman.
The 75-kilometer transmission line between Teeside and the Vale of York would
reduce the present bottleneck in northern England, allowing more
Scottish-generated electricity through to customers in England.
"This is particularly difficult for National Grid because we have an
obligation to facilitate competition," said the National Grid spokesman.
"This problem reduces the ability of players to compete, plain and simple."
The National Grid spokesman could not estimate when construction would
resume, but said, "Once we start, it will be at least two to three years
before the transmission line will be available for use."
The Department for the Environment, Food and Rural Affairs could not comment
on when access restrictions would be lifted in the North Yorkshire area, but
a spokeswoman said, "We cannot even begin discussion of lifting restrictions
on access to infected areas, until four weeks after the last diagnosed case
has been killed, and the area cleaned and disinfected."
Generators in Scotland are hit hardest by the delay because it interferes
with their plans to compete more actively in electricity markets in England
and Wales.
A spokeswoman for Scottish and Southern Energy said, "We do have to improve
access to markets in England and Wales," and added, "While we understand the
circumstances, we still look forward to the increased flexibility that the
North Yorkshire line will provide."
A spokesman for Scottish Power said, "As a Scottish company, we want the
Yorkshire line, to further open the U.K. market to competition."
The National Grid spokesman said some newly built generation is waiting to
come on line pending completion of the line. Companies would not comment on
their involvement, citing commercial sensitivity.
According to National Grid, a 1,875 megawatt plant at Teeside is subject to
operational restrictions until the new transmission line is complete.
This plant enhanced the necessity for the new transmission line when it came
on line in 1993, because existing lines could not accommodate the total
capacity of the Teeside plant.
The plant is owned by a consortium, with Enron Europe owning half the shares.
Midlands Electricity (19%), Northern Electricity (15%), SWEB (8%), and SWALEC
(8%) make up the rest of the consortium.
Enron said the Teeside plant isn't subject to any operational restrictions.
National Grid first applied for governmental consent for the new 4,840
megavolt amps transmission line in 1991. After two public inquiries,
extensive planning, and conflicts with groups opposing the construction, they
received consent to begin construction in July of 2000, and began in
September of that year.
-By Sarah Spikes, Dow Jones Newswires; +44-(0)20-7842-9345;
sarah.spikes@dowjones.com

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

Enron and Anschutz Invest in Tropic Networks; Leading Communications Provider
and Investment Company Subscribe to Tropic Networks' Optical Packet
Networking Vision

07/10/2001
Business Wire
(Copyright (c) 2001, Business Wire)

ANDOVER, Mass. & OTTAWA, Canada--(BUSINESS WIRE)--July 10, 2001-- Tropic
Networks Inc., a ground-breaking company building optical packet network
(OPN) systems for carriers who demand a greater ability to cost-effectively
scale their metropolitan area networks, today announced that Enron Broadband
Services, a subsidiary of Enron Corp. (NYSE: ENE) and Anschutz Investment
Company were key investors in Tropic's previously announced $60 million
second round of funding. Anschutz Investment Company is the financial arm of
the Anschutz Company, which founded and incubated Qwest Communications.
"The relationships we have been able to forge with Enron and Anschutz are
votes of confidence for Tropic's optical packet networking vision, and
enhance our credibility in the wide-open metro market," said Kevin Rankin,
president and CEO for Tropic Networks. "The business insight that comes with
the involvement of these blue chip investors is invaluable to Tropic's
continued success."
Tropic's OPN systems bring new levels of dynamic control and scalability to
networks by combining data services with intelligent optical transport in a
single, carrier class package. The Company's vision of optical packet
networking incorporates IP as the dominant services protocol, Ethernet as the
preferred data interface and optical wavelengths as the ubiquitous
transmission medium. This model enables carriers to enhance their revenue
opportunity by extending the life of existing networks and services while
adding compelling new IP, Ethernet and wavelength services. Tropic Networks
is using the investment to help drive the development of its initial customer
relationships and its OPN product line.
"Tropic Networks' optical packet networking system has the potential to make
a major impact on carriers' metropolitan area networks in terms of
performance and scalability," said Scott Carpenter, vice president for
Anschutz Investment Company. "Tropic clearly understands the importance of
scalability not only at the node level, but also at the network, services and
business levels."
Tropic's optical packet networking system is the first to address the needs
of scalability from the `box to the business'. In addition to providing
unmatched levels of intelligence at the node level, this model allows
carriers to deliver a wide range of services over a single infrastructure,
and manage the balance between capital expenses, operational expenses and
revenue.
Anschutz and Enron are members of Tropic's investor partner team which
includes Crescendo Ventures, Goldman Sachs (NYSE: GS), Altamira, Raza Venture
Funds, Celtic House International, Kodiak Venture Partners and the Ontario
Teachers' Pension Plan Board, all of whom invested in the $60 million second
round. Tropic Networks has raised $67 million US through two rounds of
financing.

About Tropic Networks

Tropic Networks is a privately held company focused on delivering optical
packet networking (OPN) systems for carriers who demand a greater ability to
cost-effectively scale their metropolitan networks to meet the current and
future demands of IP traffic. Its unique solution enables carriers to enhance
revenue opportunities by extending the life of existing networks and
services, while adding compelling new IP, Ethernet and wavelength services.
Tropic Networks revolutionizes the cost, availability and flexibility of the
carrier's network by providing unmatched levels of scalability and control,
and the ability to dynamically tune the network and business case as service
portfolios evolve with customer demands. Based in Ottawa, ON, and Andover,
MA, Tropic was formed in May 2000 by an experienced core team of optical and
networking engineers and executives. For more information, visit
www.tropicnetworks.com.

About Anschutz Investment Company

The Anschutz Company and its affiliated companies are principally engaged in
telecommunications and media, natural resources, transportation, real estate,
sports and entertainment. The Company, headquartered in Denver, Colorado
since the late 1960s is one of the largest privately owned and operated
companies in the United States. For more information, visit
www.anschutzinvestments.com.

CONTACT: Tropic Networks Sterling Hager Dan Poranski Tom Boucher 978-482-3301
617-926-6665 x220 dporanski@tropicnetworks.com tom@sterlinghager.com
08:00 EDT JULY 10, 2001

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

Nigerian gas company signs accord to supply US power firm

07/10/2001
Agence France-Presse
(Copyright 2001)

LAGOS, July 10 (AFP) - The Nigerian gas firm NLNG said Monday it had signed
an accord to supply gas to the US power company Enron from 2005, when two new
NLNG units come on stream.
Nigerian Liquefied Natural Gas (NLNG) will deliver one billion cubic meters
of gas per year to Enron, the group said in a statement.
NLNG Managing Director, Andrew Jamieson, said the agreement "represents
confidence in the capability of the NLNG as a reliable supplier."
The NLNG is a Nigerian joint venture company whose shareholders are the
Nigerian National Petroleum Corporation with 49 percent, Shell with 25.6
percent, TotalFinaElf with 15 percent, and Agip 10.4 percent.
ade/pcj/da

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

Enron pushes for resolution of Dabhol power project deadlock

07/10/2001
Agence France-Presse
(Copyright 2001)

NEW DELHI, July 10 (AFP) - The chairman of US energy giant Enron Corp.
Kenneth Lay met Indian government officials Tuesday to push for a resolution
of its dispute over a stalled power project near Bombay.
The Enron-backed Dabhol Power Co's 2,184 megawatt power plant stopped
generating electricity in May when its sole client, the Maharashtra State
Electricity Board (MSEB) failed to clear its long- overdue power bills.
After the payement defaults, MSEB also refused to buy any more power
following a dispute over tariffs.
Lay flew in from Enron's US headquarters for a meeting with Indian Finance
Minister Yashwant Sinha in New Delhi to try and break the deadlock over the
power purchase agreement.
"It is in the government and the country's interest to revive the project,"
Lay told reporters after meeting Sinha.
Lay said he was optimistic about finding "an amicable solution" to the
problem in due course.
"We did not come to any conclusion and we did not expect to come to any
conclusion. More work is required by us and the government to review the
project," Lay was quoted as saying by the Press Trust of India (PTI).
The first part of the power station began generating electricity in May 1999
while the second part is close to completion. The 2.9- billion dollar Dabhol
project comprises the single largest US investment in India.
PTI said Lay also had a two-hour long meeting with Power Minister Suresh
Prabhu.
Indian state-owned financial institutions have lent 1.4 billion dollars to
the Dabhol project, while foreign lenders have an exposure of 600 million
dollars.
Loans by foreign lenders are guaranteed by the federal government, but the
Indian lenders do not have the same cover.
Foreign lenders in May this year authorised the power company to issue a
preliminary termination notice to MSEB after payment defaults.
It issued the notice in June, setting the clock ticking on a six month
deadline for the electricity supply contract to be cancelled.
MSEB has also said it does not want power from the second phase of the
project, introducing another element to the dispute.
The Indian government has been trying to pursue other states to buy power
from the project, but have found it a difficult proposition.
uc/gh/am

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

Business
Judge tells deal critics to continue utility talks
JOSEPH R. PERONE
STAR-LEDGER STAFF

07/10/2001
The Star-Ledger Newark, NJ
FINAL
026
(c) 2001. The Star-Ledger. All rights reserved.

An administrative law judge ruled yesterday that critics of the GPU
Inc.-FirstEnergy Corp. merger should continue talking with the utilities for
two more weeks to reach a settlement that will allow the transaction to go
forward.
Administrative Law Judge Louis McAfoos 3d gave the parties until July 20 to
hammer out their differences over FirstEnergy's proposed $4.5 billion
purchase of GPU.
The settlement talks involve the state Ratepayer Advocate's Office, GPU
suppliers Enron and Shell and the state Board of Public Utilities, as well as
the two power companies.
GPU, based in Morristown, is the second-biggest utility in the state, with 1
million customers.
The BPU's staff is concerned the joining of GPU and the Ohio utility will
lead to large rate hikes for consumers when electric rate caps come off in
2003. Consumer advocates worry GPU might pull out of its Morristown
headquarters and service levels would drop after the merger.
"We'd like to see the headquarters stay in Morristown," Ratepayer Advocate
Blossom Peretz said. "I don't want to have to call Ohio when I have a
complaint."
GPU, which declined to comment, has 2,100 employees in New Jersey from
Hunterdon to Monmouth counties.
Peretz also wants to ensure GPU shares savings with consumers and treats
low-income customers fairly because they sometimes end up paying a
disproportionate share of their income - as much as 25 percent - for energy
bills.
FirstEnergy, she said, also might force GPU to leave the PJM power grid that
serves the Mid-Atlantic states, including New Jersey. FirstEnergy is part of
the Alliance, a group of utilities that have formed a power grid to buy and
sell electricity in the Midwest. GPU has said during previous testimony it
has no plans to leave the PJM grid.
Peretz also doesn't want consumers to end up paying any penalties resulting
from a clean-air lawsuit filed by the federal government against
FirstEnergy's coal-burning plants in Ohio.
"We don't want New Jersey ratepayers to be responsible for the cleanup," she
said.

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

Front Page
Tacoma Power wants millions Customer refund: Utility estimates it overpaid
electricity generators about $72 million
Les Blumenthal
The News Tribune

07/10/2001
The News Tribune Tacoma, WA
South Sound
A1
(Copyright 2001)

Tacoma Power estimates West Coast power generators and marketers owe it $72
million in refunds for power bought on the open market between October 2000
and May, when wholesale prices surged more than 10 times over previous
levels.
The estimates, filed in affidavits with Federal Energy Regulatory Commission
Judge Curtis Wagner Jr., are the first from the utilities since electricity
prices began their sharp run-up last summer.
Wagner said Monday he would recommend negotiations continue over an effort by
Northwest utilities to recover what they now estimate was more than $680
million in alleged overcharges to the region's electricity ratepayers.
Other estimates included Seattle City Light, $222 million, and Snohomish
Public Utility District, $229 million. The Bonneville Power Administration
estimated it should receive up to $140 million in refunds from purchases it
had to make as a result of the second worst drought in the region's history.
But Bonneville also sold electricity at various times in the California
market. And while some utilities in California believe Bonneville owes them
money, BPA said in its affidavit it has "no liability" for refunds.
Wagner has spent the past 15 days trying to negotiate a settlement both for
Northwest utilities and California, where the state has estimated consumers
are owed $8.9 billion.
The Federal Energy Regulatory Commission had given Wagner and those involved
in the negotiations until Monday to reach an agreement. With the unsuccessful
end to those talks, Wagner now has a week to make a recommendation to the
commission, which would then decide on the refunds.
But Wagner, in outlining what his recommendation might include, indicated he
wasn't convinced the Northwest had been treated fairly in the negotiations
because so much of the focus was on California.
"With regard to the Northwest, I may very well recommend further negotiations
with a settlement judge because they have not really had their day in court,"
he said.
Philip Chabot, a Washington, D.C., lawyer who represented Tacoma Power in the
negotiations, said he thought the judge's suggestion for additional
negotiations was a good one.
"California is the 500-pound gorilla, they drive the market and they have
driven the negotiations," Chabot said. "Obviously, we weren't successful in
getting a settlement. But we moved the process forward. It would be all to
the good if we got negotiations focusing on the Northwest."
Simon ffitch, a Washington assistant attorney general who represented the
state in the talks, said he too thought Wagner's interest in additional
Northwest talks was a positive development.
"We support that," ffitch said. "I am disappointed we couldn't reach a
broader agreement, but we gave it a good try. We are at the beginning of the
process."
The attorneys general of Washington, Oregon and California are investigating
whether they have grounds for an antitrust or criminal case against West
Coast power generators and marketers. Regardless of the talks, ffitch said
that investigation would continue.
But Sen. Maria Cantwell (D-Edmonds) said she wasn't convinced negotiations
for the Northwest should follow a separate track because the Californians
were providing much of the pressure for a settlement.
"If at some point we have to peel off, fine. But maybe we should stick with
California," said Cantwell, who had pushed federal regulators into allowing
the Northwest into the talks in the first place, then had to convince
skeptical utilities in the state to send representatives.
Cantwell said she wasn't surprised at the estimates Tacoma, Seattle and
Snohomish submitted in their affidavits to the judge. All three utilities
have had to raise their retail rates by up to 50 percent.
Of the power generators and marketers Tacoma said had overcharged, many were
actually Northwest-based, including Avista Energy of Spokane, PPL Montana,
the Chelan County Public Utility District, Grant County Public Utility
District, Idaho Power and Puget Sound Energy. But others included some of the
nation's major energy suppliers, including TransAlta and Enron.
In determining the refunds, Tacoma and the other utilities calculated that
any electricity bought above $150 per megawatt was subject to a refund. By
comparison, prior to the current West Coast energy crisis, utilities paid
between $30 and $40 a megawatt. At the height of the crisis, electricity cost
more than $300 per megawatt.
- - -
* Les Blumenthal covers matters of interest to Washington state and the
Northwest in Washington, D.C. His e-mail address is
blumenthal@mcclatchydc.com.

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


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact Client Services regarding PIRA report distribution and address
changes at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that
are unsure of their licensed distribution or require an extension of
their current license should contact their PIRA sales representative, or
email to sales@pira.com.

PIRA Energy Group

 - ed121401.pdf
 - ed121401.xls


Help me to understand.....if electricity is an "essential use" to a customer,
shouldn't they be on a firm schedule?  Can we take our firm customers and put
them on an interruptible tariff and claim "essential use" everytime the ISO
calls a curtailment.  Hmmmm.   Sounds like the I-6 to me.

Susan J Mara@ENRON
12/05/2000 07:02 PM
To: Dennis Benevides/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Douglas Condon/SFO/EES@EES
cc: Jeff Dasovich/NA/Enron@Enron
Subject: Interruptible Programs OII

i have the sense that our customers may not like this.  Any thoughts?
----- Forwarded by Susan J Mara/NA/Enron on 12/05/2000 04:58 PM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	12/05/2000 11:55 AM

		 To: <Barbara_Klemstine@apsc.com>, <dcazalet@apx.com>, <BillR@calpine.com>,
<jackp@calpine.com>, <glwaas@calpx.com>, <Ken_Czarnecki@calpx.com>,
<cabaker@duke-energy.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <KEWH@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <curt.Hatton@gen.pge.com>,
<foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <rsnichol@newwestenergy.com>,
<Nam.Nguyen@powersrc.com>, <rllamkin@seiworldwide.com>,
<Roger.Pelote@Williams.com>
		 cc:
		 Subject: Interruptible Programs OII

Yesterday, a number of parties to the Interruptible OII c.00-10-002) filed
their proposals for what changes should be made to the utilities'
interruptible programs.  A summary of those filings will be distributed later
this week.  In addition the Energy Producers and Users Coalition filed an
emergency motion yesterday to make certain "refinements" to the utilities'
programs.

Specifically, the motion requests that the Commission:

1. Order Edison and PG&E to implement Optional Binding Mandatory Curtailment
(OBMC) programs for all distribution level customers.  The OBMC should
provide flexible program criteria, recognizing that not all customers have
the same operational capability to control the manner and extent of
curtailment as envisioned by the Commission in directing the implementation
of mandatory curtailment plans in D.91548;

2. Establish clear procedures by which customers who are not operationally
suited to participate in the OBMC but who face some level of increased
environmental damage, health or safety risk upon sudden curtailment may
qualify under the "Essential Use" category of customers; and

3. Approve a new service alternative for customers that would experience a
disproportionate business interruption and economic impact upon interruption.

Let me know if you want to see a copy of the motion.

Dan


FYI -- here is the summary of the transcripts relating to the dispute with NRG over contract formation

-----Original Message-----
From: Edison, Andrew
Sent: Tuesday, October 16, 2001 1:17 AM
To: Herndon, Rogers; Presto, Kevin M.
Cc: Sager, Elizabeth; Cook, Mary; Portz, David
Subject: NRG Dispute

On Thursday afternoon, I received from NRG all of the transcripts of communications that they  recorded between the parties.  Here is my short summary:

There are six transcripts.  Five of them seem pretty good for us.  One is truly awful.

Transcript 1 (May 4, 2001):   NRG's Bill Stone talks to John Zurita about trying to come to terms on the deal.  No terms are finalized.

Transcript 2 (May 4, 2001):  Stone calls Zurita back and proposes a price that Zurita agrees to.  However, Zurita makes it clear that although many of the terms have been agreed to, "obviously we have to get agreements signed and get the lawyers involved and all that good stuff."  Stone appears to recognize that the deal is not complete:  "So we're really not done.  Fuck."

Transcript 3 (May 8, 2001):  Stone simply leave a voicemail for Chuck Decker asking to get a confirm of the deal.

Transcript 4 (May 8, 2001):  Stone talks to Decker.  Decker says: "Rogers Herndon is in charge of that. Okay?  He has to put the pressure on the credit guys to get the credit shit put to bed.  His words, and they're not exact, but they're pretty close to this, I consider the deal done, tell Bill the deal is done, assuming that the back offices communicate the needed information."  Discussions are had about getting the credit folks together to iron out details.

Transcript 5 (May 16, 2001) (THE BAD TAPE):  Stone calls Zurita and sets him up, asking him a number of questions aimed at determining if there really is a binding and enforceable deal between the parties.  When Stone asks "why don't you just tell me where you guys think the deal is?," Zurita replies:  "I think -- I say the deal is done."  Stone's next question:  "Well, let me ask a question.  What happens if gas goes to two bucks tomorrow?  Do you still consider the deal done?"  Zurita's answer:  "Yep."  And there's more.  Stone next asks: "Are you guys going to stand on the deal for $70 for the five years?  I mean, I just -- I mean, I just gotta know exactly where you stand."  Zurita's answer:  "The deal is done, yes."  Ouch.  This is not good.

Transcript 6 (May 18, 2001):  Zurita calls Stone.  They discuss credit terms.  Stone makes several comments that indicate he realizes the deal is not done. ("The only thing, the only thing I care about is how long it's going to take to have the agreement worked out"); ("What is my concern is how far away are theyfrom getting done?").

Rogers, I am interested in your views after you have had an opportunity to review the tapes.  Let's talk soon.  For you others, please let me know if you want transcripts of the tapes.

Andy

P.S. --  Under the agreement we reached with NRG for exchange of the tapes, we must trade position papers with NRG on October 25, 2001.  I will prepare the position paper later this week.


Scott ---

Here is an update of the chart tracking New England trades....you'll notice a dramatic increase for June.

Scott


CORRECTION
In the document I sent out this morning, "Instructions to install Internet
explorer 5" The Instructions said to type: "U:\COMMOM\ie5\i386\setup.exe" in
the
run dialog box. It should have read "N:\common\ie5\i386\setup.exe" .
I apologize for any inconvenience this may have caused. If you have any
problems with or questions about the install please call the help desk at
78-7454

Thank you

Dan Bunch
11/27/2000 10:20 AM
To: Michael Bodnar/ET&S/Enron@ENRON, Sean Bolks/ET&S/Enron@ENRON, Theresa
Branney/ET&S/Enron@Enron, Craig Buehler/ET&S/Enron@ENRON, Bob
Burleson/ET&S/Enron@ENRON, Reyna Cabrera/ET&S/Enron@Enron, Lee
Ferrell/ET&S/Enron@Enron, Morgan Gottsponer/ET&S/Enron@ENRON, Stephen
Herber/ET&S/Enron@ENRON, Martha Janousek/ET&S/Enron@ENRON, Dana
Jones/ET&S/Enron@ENRON, Bill Mangels/ET&S/Enron@ENRON, Robert
Mason/ET&S/Enron@Enron, Penny McCarran/ET&S/Enron@ENRON, Vernon
Mercaldo/ET&S/Enron@ENRON, Sue Neville/ET&S/Enron@ENRON, Don
Powell/ET&S/Enron@ENRON, Pilar Ramirez/ET&S/Enron@ENRON, Michael G
Stage/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Kay
Threet/ET&S/Enron@ENRON, Mike Ullom/ET&S/Enron@ENRON, Kimberly
Watson/ET&S/Enron@ENRON, Linda Wehring/ET&S/Enron@ENRON, Steve
Weller/ET&S/Enron@ENRON, Jim Wiltfong/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Lorraine
Lindberg/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Audrey Robertson/ET&S/Enron@ENRON, Christine
Stokes/ET&S/Enron@ENRON
cc: Jean McFarland/Corp/Enron, Bob Martinez/ET&S/Enron@ENRON

Subject: Dashboard and Internet Explorer 5.01 upgrade. Houston

On Monday, December 4th, a new version of the Marketing Dashboard will be
rolled out. In order for this new version of The Dashboard to work you will
need to have Internet Explorer 5.01(IE5.01) loaded on your system. If you
already have IE5.01, PLEASE RESPOND, to this message  with a confirmation
that you have IE5.01 or higher loaded. (No other action on your part is
necessary)

If you DO NOT have IE5.01 please follow the instructions below to install it
. then respond to this email that IE5 has been loaded.

If you are uncomfortable doing the upgrade alone or are unsure what version
of IE you have please call the helpdesk 87-7454 and someone will assist you.

Again please respond to this message ASAP - we are looking to have everyone
in Houston upgraded by Dec 1st. The total process takes less that 15
minutes.  If you have any question, comments or concerns please contact the
helpdesk at 87-7454,

Thank you


I can't believe it is already time for our trip up to Kansas.  We are
arriving on Thursday morning and returning on Sunday morning.  Other than the
game on Saturday, we don't have any plans.  See you soon.

DG


Here it is, let me know if this doesn't  work.

Regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Debra:

Could you prepare these 2 Masters ASAP?

Thanks,

Jeff

 -----Original Message-----
From: 	Vanek, Darren
Sent:	Tuesday, October 30, 2001 5:31 PM
To:	Sayre, Frank; Hodge, Jeffrey T.
Cc:	Rohauer, Tanya; St. Clair, Carol
Subject:	Hess.xls

To All:
Attached is the list of Enron entities and Hess entities to be included in the Master Collateral/Netting Agreement.

Jeff- Can we please prepare 2 Enfolios, one for Amerada Hess Corp. and Hess Energy Trading Company, LLC. The Cross Default amounts in each contract should be $100 MM for ENA and the respective Hess entity. The collateral and MAC provisions will be contained in the Master Netting Agreement.

Frank- Please include Hess Energy Trading Company UK Limited, as agents for Hess Energy Trading Company, LLC  in the Master Netting Agreement. The proposed Power of Attorney for this entity was sent to you earlier today.

Thank you all for the help and please call if you have any questions.
-Darren


Attached is a Blakes summary of the Market Surveillance Administrator's
report on Power Pool of Alberta Prices regarding its impact on Project
Stanley.

Regards,
Peter

---------------------- Forwarded by Sharon Crawford/CAL/ECT on 11/06/2000
09:01 AM ---------------------------

"PAT MCGUINNESS" <pat.mcguinness@blakes.com> on 11/03/2000 11:31:29 AM
To: "GLENN LESLIE" <glenn.leslie@blakes.com>, "MARK MORRISON"
<mark.morrison@blakes.com>, "WEB MACDONALD" <web.macdonald@blakes.com>,
<Peter.Keohane@enron.com>
cc:
Subject: LESLIE, MACDONALD & MORRISON (MARKET SURVEILLANCE ADMINISTRATOR'S
REPORT.DOC

See attached memo.

 - LESLIEMA.DOC


TO: Houston Area Employees Participating in Domestic Medical Plan Benefits

FROM: Enron Human Resources

We are pleased to pass along to you the fact that United HealthCare (UHC) and
Memorial Herman Health Systems (MHHS) reached agreement on a long-term
contract.   There will be no disruption in terms of accessing network
services from the hospital system or those providers who were scheduled to be
terminated.  Employees currently electing UHC will receive a confirming
letter shortly from UHC.

As mentioned in our earlier memo, it is our understanding that Cigna has also
been contacted by MHHS and are now in contract negotiations.

Open Enrollment packages are in the mail and you should consider the above
facts when making your decision on your medical election.


Please see the attached redline version of the Master Firm Purchase Sale
Agreement .  This version incorporates changes to Section 4.5 as discussed.
Please do not hesitate to give me a call with any questions you may have
regarding the enclosed.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


As a recent host on eSpeak, we'd like to get your comments on your event.
Did you find it to be a useful communications tool?  If yes, how?  If no,
what would you like to change?  We want to provide the best user experience
possible, and your input is important to us. Please e-mail your comments back
to me or feel free to call me at x39843.

Thanks in advance for your time and feedback.  We look forward to having you
host another event in 2001.

Warm regards,
Sarah.


As you are aware, the SAP Financial Systems will be implemented for the Enron
North America
companies on July 1, 2000.  The attached file contains timelines for a
transaction.


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=======================================================
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 - MEMO.Analysis of Legal Issues Involving Power of Legislative Contempt.pdf


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RE: My newly formed case of dyslexia!

I switched the MW hours on these deals. 469098 should have 10 MW with Sempra.
467455 should have 50 MW with SCEM. These are correct in the system now, but
I just wanted to alert you to my error.

Thanks,
Kate


Jeff;
In response to your questions, I cannot explain why everyone missed this
bill in the past, I have raised it to the attention of my clients twice in
the last two months.  However, now that it is moving they have got the
message.  Williams (Kern River) is going to host a meeting today to create a
coalition to oppose the bill.  Bev Hansen knows where the meeting will take
place.  In addition to Williams, I understand that Questar, WSPA, and other
retail customer groups will join the coalition and oppose the bill.  My
client Wild Goose will also be listed in opposition, but they don't carry
that much clout or name recognition so far.  I am hopeful that other groups
will surface soon.

As for the bill itself, the problem is two fold.  First, the CPUC decides
what infrastructure to build at the request of the utilities.  They take
input from customers, but Loretta is a command and control type all the way,
and she will try to scare away private capital investment by interstate
pipelines by mandating that the utilities build a gold-plated
state-regulated system.  While the bill does not (and cannot legally) bar
interstate pipelines from coming into the state, it has provisions which
will prevent large customers from signing up with the interstates.  The
large customers have to commit to take firm service on a 5 year basis with
exit fees.  If they don't take this, they can only get interruptible service
from the utilities.  Many if not all large customers, especially generators
cannot afford to take partial service from an interstate and have only
interruptible access to the LDC system.  This is the same dilemma that the
RLS tariff caused.  My belief is that the obligation on the part of the
commission to provide the utilities with cost recovery for the new
investments will be used as justification by the utilities for another
attempt to reinstitute the RLS tariff or an onerous peaking rate.  The
Commission will impose a premium price on service to customers who have not
undertaken the firm 5 year commitment and will therefore be unable to
economically take partial requirements service from an interstate.  My view
is based on Sempra's reaction to the current peaking rate proposed decision
and statements by Lynch's office.  This could interfere with Enron gas sales
over the interstates, and would certainly threaten any Transwestern plans
for building across the border into California, although that does not
appear to be a high priority at this time.  This bill will also make it more
costly to develop gas supply arrangments for new power plants which had
hoped to direct connect to interstate pipeline capacity for a portion of
their needs.

Please call if you have further questions.  Mike Day

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 10:09 AM
To: James.D.Steffes@enron.com
Cc: Harry.Kingerski@enron.com; Paul.Kaufman@enron.com;
Susan.J.Mara@enron.com; Leslie.Lawner@enron.com; MDay@GMSSR.com
Subject: Re: AB 23XX Bad Bill Alert

I've taken a quick look at the bill and have attached for easy viewing.
Few questions.

Mike,
I understand from our conversation yesterday that your following this on
behalf of Questar.  Do we know if the other pipelines have been active
in any discussions on this bill?
What about the generators?  Have then been involved, since presumably,
their in need of lots more capacity (and they're referenced in the
bill)?
What about large customers?  They been screaming for more
infrastructure, too, and many have blamed SoCalGas (and the PUC) for not
delivering it.
Do we know if pipelines, generators, large customers are supporting or
opposing the bill?  I'll try to check around, too, in between the
electric mayhem.
There doesn't seem to be anything in the bill that prevents the
interstates from building into the state.
If that's true, wouldn't the PUC take those projects into account when
doing its analysis and only require the utility to construct (and
noncore to take) capacity that isn't already being met by others (i.e.,
interstates) bringing pipe into the state?

Any info you can provide on these fronts would be very useful.  Don't want
Enron too far out in front of opposition until we find out a bit more
regarding 1) whose fer and agin it and 2) analysis of what the bill
actually does/does not do.

Thanks again for the heads up.

Best,
Jeff

(See attached file: 23XX.pdf)

James D

Steffes              To:     Harry
Kingerski/Enron@EnronXGate
cc:     Jeff
Dasovich/NA/Enron@Enron, Susan J
07/17/2001           Mara/NA/Enron, Paul
Kaufman/Enron@EnronXGate
07:43 AM             Subject:     AB 23XX Bad Bill Alert

Harry --

Can you track down this bill and determine impact?  We'll discuss on
Thursday.

Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 07/17/2001
07:43 AM ---------------------------

MDay <MDay@GMSSR.com> on 07/16/2001 06:03:33 PM

To:   "'Bev Hansen, Enron lobbyist'" <bhansen@lhom.com>, "'Hedy Govenar,
Enron Sacto lobbyist'" <hgovenar@govadv.com>, "'Scott Govenar, Enron
lobbyist'" <sgovenar@govadv.com>, "'Harry Kingerski'"
<hkingers@enron.com>, "'Jim Steffes, Enron'" <jsteffe@enron.com>
cc:

Subject:  AB 23XX   Bad Bill Alert

Is AB 23XX moving with a chance of passage?   I just learned that this
Pescetti bill that was AB 1425 was revived as a 2X bill.  It is very
anti-competitive, and could hurt a number of TW, EES, or ENA gas deals by
binding customers to 100% utility service through the imposition of large
exit fees by the CPUC.  If there is a chance that it moves, we need to
discuss the effect of this bill.  Mike Day

http://info.sen.ca.gov/pub/bill/asm/ab_0001-0050/abx2_23_bill_20010625_amend

ed_sen.pdf


During this critical time, it is imperative that our management team remain focused on our business and continue to address the challenges currently facing our company.  For that reason, I have decided to postpone the Enron Management Conference.

The Conference will now be held Friday, February 22 - Saturday, February 23, 2002 at the Westin La Cantera Resort in San Antonio.  While the Saturday meeting allows some Enron executives who cannot be away from the office during business hours to attend the Management Conference for the first time, I also recognize that it requires many of you to forfeit additional personal time on behalf of Enron.  I truly appreciate your sacrifice and I sincerely encourage your attendance.

The new agenda, while still being finalized, will be abbreviated but every bit as informative and worthwhile as previously planned.  We'll be in touch soon with more details.

Regards,
Ken Lay


Aren't you Mr. social?  What you need to be asking is who is going dancing
with us Saturday night?

Eric Bass@ECT
11/17/2000 08:30 AM

To: Shanna Husser/HOU/EES@EES, Timothy Blanchard/HOU/EES@EES, Matthew
Lenhart/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Brian
Hoskins/Enron Communications@Enron Communications, Hector Campos/HOU/ECT@ECT,
Luis Mena/NA/Enron@Enron, Lisa Gillette/HOU/ECT@ECT, Christa
Winfrey/HOU/ECT@ECT
cc:
Subject: Keneally's

Anyone up for Keneally's after work today?


Sheila,

I believe I can help Lisa with this information, at least confirming some of
the stuff for her.

Kay

Lisa Mellencamp@ECT
07/05/2000 12:36 PM
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:

Subject: Turbine Inv

ben glissan is trying to verify all turbines.
can you confirm the turbine assets that are under ena on the list below???
do you see any others that should be on ena and not elsewhere???
do not want the list circulated please.
is this possible to do quickly?

Lisa J. Mellencamp
Enron North America Corp.
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
----- Forwarded by Lisa Mellencamp/HOU/ECT on 07/05/2000 12:32 PM -----

	Wanda LaBaume@ENRON_DEVELOPMENT
	06/30/2000 11:57 AM

		 To: Lisa Mellencamp/HOU/ECT@ECT
		 cc: Fred L Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keith
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Turbine Inv

As requested, attached is a listing of the turbine inventory.  Because the
payment/termination schedules are not consolidated into one file, I will send
you a hard copy of this information this afternoon.

Wanda


Steven

I will fax you now the revised Executive Agreement with the LTIP wording in
it. Also, the retention payments will be made via the EDRIP plan and I have
attached this.

If you have any questions, please let me know.

Regards
Tara

	Enron Europe

	From:  Melissa Laing                           14/04/2000 18:44

To: Tara Rozen/LON/ECT@ECT
cc:

Subject: Re:

David Oxley
14/04/2000 18:35
To: Shelly Pierce/HOU/ECT@ECT
cc: Michelle Cash/HOU/ECT@ECT, Melissa Laing/LON/ECT@ECT

Subject:

Shelley,

Please help with below?

David
---------------------- Forwarded by David Oxley/HOU/ECT on 04/14/2000 12:34
PM ---------------------------

Steven J Kean@EES
04/14/2000 11:05 AM
To: David Oxley/HOU/ECT
cc:
Subject:

Mark Frevert and I have been talking with Mark Schroeder about an extension
to his employment contract.  I believe you may have been involved.  Mark S
tells me that the contract did not include the long term comp that we had
been discussing.  My copy shows it, but he got his copy from Frevert.  It
apparently shows monthly salary on the Exhibit, but not the long term comp.
Frevert is out on vacation, so I am trying to wrap this up with Schroeder.
The contract Frevert sent me showed annual long term comp of 250 split evenly
between options and restricted stock.  Could you look into you records and
see what you show and if consistent with the above, fax a copy to schroeder
(44-207-783-8581).  Thanks


In case you do not have it, here is the website for WSCC  oasis links.  very
useful for reserving transmission......

http://www.tsin.com/nodes/wscc.html


Wednesday, April 25 at 10 a.m. Houston time, join Sherri Sera, executive
assistant to Jeff Skilling, on eSpeak.  Sherri will answer questions about
how her job has changed since Jeff became CEO.

If you can't make the live event, post your questions on eSpeak now.  Sherri
will answer them during her eSpeak, and you can find the answers in the
transcript later.

Have you been wondering what happened to the information about Enron's
severance pay policy?   Would you like to see an innovation suggestion for
the Saturn's ring that will connect the two Enron buildings?  Read the new
postings in the "Office of the Chairman" category in eMeet.

Thanks for the great response to the new "Cost Reduction" category in the
Idea Vault!  Visit the ThinkBank today and read the suggestions for cutting
costs; and, while you're there, add your own.


Per our discussion regarding distinguishing and Adjustment. I have added
under the "Adjustments/IPA's" section of Annex I that (*Denotes an
Adjustment").

Looking forward to speaking with you in the morning.

Thanks again!

Regards,

Jorge


I couldn't agree with you more.  Mike missed the point of our phone call this
week.  It was not to discuss the fine points of doorstep process or
etiquette!  The point was ownership of an integration process and deadlines
that were missed.  And how telling that when asked bluntly about his comfort
level with controls for US operations that Mike's response was a deferral to
Marcelo.  I have a one-hour conference call set up with Mike tomorrow.  This
is one of the things that we will discuss.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 11/09/2000 05:56 PM
---------------------------

From:  Cassandra Schultz @ ENRON
               11/09/2000 02:50 PM

To: Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron
cc:
Subject: Re: Jordan's comments on Doorstep meeting

From Ted...
---------------------- Forwarded by Cassandra Schultz/NA/Enron on 11/09/2000
02:47 PM ---------------------------

From:  Ted Murphy @ ECT
      11/09/2000 05:52 AM

To: Cassandra Schultz/NA/Enron@ENRON
cc:

Subject: Re: Doorstep meeting

Cassandra,
I think Michael's issue is just one for you and Shona to worry about and try
to simultaneously come up with a way to diffuse without bastardizing the
process. .  I continue to say the we need to maintain the theme that speed
and "gut reaction" is preferable to consensus and prosecutable evidence,  I
feel so strongly about this that I would consider removing my team from
involvement if politically correct, grammatically sound and properly
researched reports that do not say anything or are stale or are full of
ambiguity are the end result (see the internal audit report on
Helsinki!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!).   I think the solution is make it clear that these reports are not to
be used for prosecution but frank discussion.
I am right about this.
Please forward this to Shona/Sally/Mike or anyone else at your discretion
(this is a compromise between Evil Ted and Zen Ted)

Ted


---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 01/31/2001 03:29 PM ---------------------------

Rod Hayslett

01/31/2001 03:16 PM
To:	Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject:	Re: 2000 Vacation carryover

approved.

Tracy Geaccone
01/31/2001 02:47 PM
To:	Rod Hayslett/FGT/Enron@ENRON
cc:

Subject:	2000 Vacation carryover

For your approval.  Laura said there was not really a deadline for this.

---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 01/31/2001 02:49 PM ---------------------------

Pallavi Goradia
01/31/2001 01:51 PM
To:	Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject:	2000 Vacation carryover

As of December 31, 2000 I have  69  hours of vacation remaining. This exceeds the normal 40 hours allowed to be carried over due to:

- SAP implementation- was responsible for Cost center master data update and upload- May to July 2000
- EOTT Operations- Cost Center set up and 2001 Plan consolidation and reconciliation.

Thanks

Palu

<Embedded StdOleLink>


YES


I had a hard time logging on remotely, so I just got this now.  As you can
see, it's a relatively brief "overview" presentation for Jeff, not going into
much of the detail surrounding, for example, performance criteria and
evaluation or job classification (where much of the real work remains).  The
main purpose of this presentation is to give Jeff something for the December
Board meeting.

I need your thoughts on something: one of the rationales I had discussed with
McKinsey for this new organizational approach was the need to win the war for
talent.  A partnership at least theoretically creates unlimited opportunity
and reduced hierarchy in an organization.  It also creates substantial upside
opportunity and continued motivation for the business leadership.  My
question for you and your team is where are we at risk in fact when it comes
to attracting and retaining talent.  My suspicion is that our turnover is
farily low, and that it is especially low in the top tiers of the
organization.  Where we run into problems, my gut tells me, is that we have
some difficulty getting the very best from the very best schools (ie we often
lose out to the I-Banks and, perhaps McKinsey-level consulting firms) and
that we have a tough time holding the most talented managers and directors
(ie we're OK at the top livels already).  Could you have someone do an
analysis of the turnover rates at different levels?  We may need to weed out
the performance related departures (including those who left after getting a
low performance ranking even if they were not officially terminated for
performance reasons) if possible.
----- Forwarded by Steven J Kean/NA/Enron on 11/26/2000 09:40 AM -----

	<Dan_Marcontell@mckinsey.com>
	11/22/2000 03:47 PM

		 To: skean@enron.com
		 cc: Suzanne_Nimocks@mckinsey.com, Jon_Zagrodzky@mckinsey.com
		 Subject: DRAFT - Document for next week

Steve,

Attached is a draft of the pack we plan to use in our discussion with Jeff
next week.  As you might imagine, we've been going through many iterations
of this document, and it is still very much a work-in-process.  Hopefully,
you can get a sense of the outline and where we are heading, but the
specific points on each page will continue to be wordsmithed.

We look forward to getting your reaction/feedback to the structure and
overall message.

Suzanne asked me to give you her home number, (713) 807-7788, where you can
reach her over the weekend.  Otherwise, please feel free to leave a
voicemail for either Suzanne (713) 751-4390 or me (214) 665-1754.

Thanks,
Dan Marcontell

(See attached file: 01204dm6c.ppt)

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
| information herein.  If you have received this message in   |
| error, please advise the sender immediately by reply e-mail |
| and delete this message.  Thank you for your cooperation.   |
+-------------------------------------------------------------+
 - 01204dm6c.ppt


Hear anything on Engram?


How did the meeting go with Steve?  Feel any different about it?  I'll talk to you next week.  Have a good weekend.
                                                                                Bob


Sara:
When ENA enters into an ISDA Master with a Canadian counterparty, is that
counterparty expected to make the ESP and Options rep?  Does ENA make the
Canadian Securities Act rep?

Carol


The following cost of sale calculations shows the estimated margins for May, June and July based on our actual customers.  The way this vessel was purchased gave ProCaribe an extra one cent in our margin.

Saludos

From:	Mariella Mahan/ENRON@enronXgate on 05/24/2001 09:20 AM CDT
To:	Paul YBarbo/ENRON@enronXgate
cc:	Miguel Maltes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Curran/CA/Enron@Enron, Federico Haeussler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:	RE: LPG Cargo - Pricing Update

Thanks so much and GREAT WORK!
Miguel, can you translate the pricing below (given the decreasing tendency of MtB) into terminal margins per gallon?  How does this compare to our normally expected margin of 5 cents or so?  You can do this for sales for which prices are known; if you wish, estimate the rest.
Thanks

 -----Original Message-----
From: 	Y'Barbo, Paul
Sent:	Tuesday, May 22, 2001 5:19 PM
To:	Mahan, Mariella
Cc:	Maltes, Miguel; Curran, Greg; Haeussler, Federico
Subject:	FW: LPG Cargo - Pricing Update

Mariella,

Below is the pricing for ProCaribe's LPG purchase. There are four price tranches. The two fixed price tranches of 2600MT and 1768 MT represent volumes sold and yet-to-be-sold during the time frame April 16th to May 31st. Note that ProCaribe's revenue stream for the portion of LPG sold during the second half of April (~1400 MT) was based on Mont Belvieu of $0.543/gallon. Month-to-date Mont Belvieu for May is $0.5145/gallon. ProCaribe's revenue for volumes sold in May (~2900 MT) will be based on the average Mont Belvieu price for the entire month.

Pricing of this cargo has worked out such that ProCaribe will make approximately 1-cent per gallon more margin than it would had they purchased LPG at a 7-cent per gallon premium to average Mont Belvieu for the month in which the sales occurred.

Paul

 -----Original Message-----
From: 	Y'Barbo, Paul
Sent:	Tuesday, May 22, 2001 12:24 PM
To:	Clapp, Suzanne; Maltes, Miguel
Cc:	Curran, Greg; Haeussler, Federico; Chavarria, Javier
Subject:	LPG Cargo - Pricing Update

Miguel,

Please note the following prices for Mont Belvieu Non-TET Propane:

5/16	$0.51188
5/17	$0.50563  = Bill of Lading Date
5/18	$0.51625
5/21	$0.51875

Avg. for 3 days around bill of lading  5/16,17,18  =  $0.51125

Avg. for 5/17,18,21  =  $0.51354

Pricing ($/gallon) for the 10,068 MT cargo from PDVSA will be as follows:

2,600 MT @ $0.58396  =  $0.58625  +  ($0.51125 - $0.51354)

1,768 MT @ $0.58125  =  $0.51125  +  $0.07

2,800 MT @ Average June Non-TET Mont Belvieu plus 6.25 cents per gallon *

2,900 MT @ Average July Non-TET Mont Belvieu plus 6.00 cents per gallon *

Basis:  521 gallons per MT

  * A provisional price of $0.58125 per gallon will be used for initial payment for these volumes. Adjustments will be made once final prices for June and July are known.

If you have any questions, please call me.

Best Regards,

Paul


Please note:  NEW SC ID's for PG&E

These have been added to CAPS, please use them effective immediately:

NEW  OLD
PCGB  PCG1
PGAB  PGAE
COTB  COTP

Let me know if you have any questions,

Kourtney

---------------------- Forwarded by Kourtney Nelson/PDX/ECT on 04/30/2001
09:22 AM ---------------------------

"Sibley, Chris" <CSibley@caiso.com> on 04/30/2001 08:43:44 AM
To: "Market Status: Day-Ahead" <MarketStatusDay-Ahead@wepex.com>, "Market
Status: Hour-Ahead/Real-Time"
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=MKTSTATHOURAHEAD@cai
so.com>, ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>, Market Status <MarketStatus@caiso.com>
cc: ISO Market Operations Group <mktopsgrp@caiso.com>, ISO Real Time - Folsom
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISOGRIDOPSREALTIME@c
aiso.com>, ISO RealTime - Alhambra
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISOGIDOPSREALTIME-AL
HAMBRA@caiso.com>, ISO Schedulers - All
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISOSCHDLRSALL@caiso.
com>, ISO Market Operations Group <mktopsgrp@caiso.com>

Subject: CAISO NOTIFICATION / REMINDER: PG&E SCIDs CHANGES

> -----Original Message-----
> From: CRCommunications
> Sent: Friday, April 27, 2001 2:20 PM
> To: Market Status; ISO Market Participants; SC Settlements Contacts
> Cc: ISO Client Relations; ISO Market Operations Group; ISO Schedulers -
> All; ISO Outage - All; ISO Settlements; ISO Operations
> Subject: CAISO NOTIFICATION: PG&E SCIDs CHANGES
>
>
> NOTICE TO MARKET PARTICIPANTS
> PG&E SCIDs CHANGE
>
> Effective Trade Date Tuesday, May 1st 2001.  PG&E will begin scheduling
> energy trades and bids under new SCIDs. The OLD PG&E SCIDs WILL NO LONGER
> BE VALID.
>
> ALL PG&E related scheduling transactions will use these new SCIDs
> beginning with submission of Day Ahead schedules on Monday, April 30th for
> Trade Date, Tuesday May 1, 2001.
>
> The new SCIDs are as follows:
>
> NEW PRIOR
> PCGB PCG1
> PGAB PGAE
> COTB COTP
>
> Any (7 day) advance schedules that may have already been submitted using
> the old SCIDs, must be removed (deleted) and rescheduled using the New
> SCIDs.
>
> If you have any questions regarding the scheduling of transactions with
> PG&E, please contact:
>
> For PCGB:
> Scheduling - DA / HA
> Primary  415-973- 4500
> Real-time:
> UEPM (AKA UES) 415-973-4500
> Portfolio Mgmt 415-972-5050
>
> For PGAB and COTB:
> Scheduling - DA / HA 415-973-9130
> Real-time 415-973-1969
>
> Distributed on behalf of PG&E to facilitate their transition to the new
> SCIDs.
>
> Client Relations Communication
> CRCommunications@caiso.com
>
>


Dear Mr. Dillehay,

We are in receipt of the above referenced letter addressed to Mr. Jeff
Skilling.  At this time, Enron is not interested in utilizing the services
Epsilon provides.  We do, however, appreciate your interest in Enron and wish
you a very happy holiday.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com


Great!  I look forward to our dinner on Thurs. 12/7 evening.  Hopefully your
flight will be on time... although having watched 60 minutes last night and
suffered from a # of delays lately, let's hope that the "weather blame"
doesn't get in the way.  It's best to leave me a message @ my usual work #
on Thurs., 914 253 4187, ... I can easily check it in Houston.

I'll be staying @ the Westin Oaks in The Galleria... any preferred place
that I can book (& for what time)??  Coming over to down town won't be a
problem for me either.

Will be great to see you again.
Soussan
914 253 4187

 -----Original Message-----
From:  Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Monday, November 27, 2000 12:10 PM
To: faizs@texaco.com
Cc: Vince.J.Kaminski@enron.com
Subject: Re: Houston visit

Soussan,

Thanks for your message. It would be great to meet you when you come to
Houston.
 I shall be in town on December 7,  flying back from Philly in the morning.
Assuming that the flight is on schedule, I shall be available for dinner.
Please, let me know how I can contact you on Thursday, December the 7th,
to confirm.

Look forward to meeting you.

Vince

"Faiz, Soussan" <faizs@texaco.com> on 11/26/2000 09:04:01 PM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  Houston visit

Dear Vince,

Greetings from NY and hope that all is well and you had a great
Thanksgiving.  I'll be coming to Houston for 12/6-12/7 and hope you are
available either evening for dinner.  Would be great to see you again and
catch up with the latest... I really enjoyed my visit last April, your
insights, and the risk book you gave me.

I do hope you're available to meet and pls let me know which evening suits
you better.

Best,
Soussan Faiz
Texaco Inc.
914 253 4187


Hi Guys,

Cost of the trip is $350 total -- $100 is required to reserve your spot,
balance is due 3 weeks prior to departure.  FYI - The March trip is filling
up fast.  I've posted more details on my website; www.scubadoobydoo.com ;
click on dive calendar and then the Flower Gardens link.

I'm going to be setting up this year's dive trips at DEMA in New Orleans for
the next few days.  I'll be back on Sunday.  If you have any questions or
need additional info, please call or email.

Kristi
713-662-3455
----- Original Message -----
From: <Gerald.Nemec@enron.com>
To: <panacea1@swbell.net>
Cc: <Eric.Gillaspie@enron.com>
Sent: Wednesday, January 17, 2001 5:59 PM
Subject: Re: Fw: Flower Gardens Trips and Classes

Hi Kristi,

Hope 2001 is treating you well so far.  We might be interested in the
Flower Garden trip.  What is the price for these trips?

                    Kristi and
                    Greg Foster          To:     Ryan Ruppert
<ryan.f.ruppert@exxon.sprint.com>, Gerald Nemec
                    <panacea1@swb        <gnemec@enron.com>, Eric Gillaspie
<egillas@enron.com>
                    ell.net>             cc:
                                         Subject:     Fw: Flower Gardens
Trips and Classes
                    01/15/2001
                    09:54 PM

Hi guys,

HAPPY 2001!   We're off to a big start   - we're now on line! Check  us
out at www.scubadoobydoo.com.

As a "heads" up, we have two trips scheduled to the Flower  Gardens trips
in Marchfor the Hammerhead shark  migration! We still have spots
available ? hint, hint. We'll also  have more trips scheduled as soon as
we get back from DEMA at the end of this  month. (We're going through
Cozumel  withdrawal!)

I'll be offering Advanced training, Nitrox, Photography,  Fish ID and other
specialties in conjunction with the Flower Gardens trips. Class dates are
posted on our website.

I'm also offering a new class for 2001 -- Scuba Sign  Language Specialty.
The first class  starts in March.

Best wishes and lots of fishes,

Kristi and Greg Foster

713-662-3455


Jeff,
Your schedule must be loony, so rather than occupy your time
on the phone, I'll send two questions via email.
1). Are you attending the WPTF general mtg this wk in Phoenix?
If so I'll see you there. If not, let me know if can help you out there.
2). Who would you suggest I talk to regarding Govt Affairs staffing
opportunities in the West?  (that is, if such opps exist...)

Regards
Gary


George,

I am back in the office and ready to focus on the project.  I still have
the concerns that I had last week.  Specifically that the costs of our
project are too high.  I have gathered more information that support my
concerns.  Based on my research, I believe the project should cost around
$10.5 million.  The components are as follows:

     Unit Cost, Site work, &
     builders profit($52/sf)             $7.6 million

     Land                      1.15

     Interim Financing               .85

     Common Areas                     .80

     Total                         $10.4

Since Reagan's last 12 units are selling for around $190,000, I am unable
to get comfortable building a larger project at over $95,000/unit in costs.

Also, the comps used in the appraisal from Austin appear to be class A
properties.  It seems unlikely that student housing in San Marcos can
produce the same rent or sales price.  There should adjustments for
location and the seasonal nature of student rental property.  I recognize
that Sagewood is currently performing at occupancy and $/foot rental rates
that are closer to the appraisal and your pro formas, however, we do not
believe that the market will sustain these levels on a permanent basis.
Supply will inevitablely increase to drive this market more in balance.

After the real estate expert from Houston reviewed the proforma and cost
estimates, his comments were that the appraisal is overly optimistic.  He
feels that the permanent financing would potentially be around $9.8
million.  We would not even be able to cover the interim financing.

Keith and I have reviewed the project thoroughly and are in agreement that
we cannot proceed with total cost estimates significantly above $10.5
million.   We would like to have a conference call Tuesday afternoon to
discuss
alternatives.

Phillip


---------------------- Forwarded by Clay Spears/HOU/ECT on 03/03/2000 04:54
PM ---------------------------

Amelia Alder@ENRON
03/02/2000 11:10 AM
To: Clay Spears/HOU/ECT@ECT
cc:
Subject: ECC Info

Here's what you need to join the club - good seeing you last night, and I'm
so glad you're riding with us this year!


Serge,

Attached for your review, please find a blacklined copy of the
above-referenced Agreement marked to show changes to the previously
distributed draft.  I will forward the guaranty to you as soon as we receive
comments from the Enron Corp. lawyer.  Please call me at 713-220-4124 to
discuss any outstanding issues.

Thanks,

Jason

 - Blacklin.DOC


T O D A Y    G O D    I S    F I R S T
Marketplace Meditations
by Os Hillman

Being an Overcomer

I have told you these things, so that in Me you may have peace.
In this world you will have trouble. But take heart! I have
overcome the world.
- (John 16:33)

"Why does it seem that those involved in Christian enterprise
find the way so hard? It seems as though it is harder for those
who are committed Christians in business. Have you found this to
be true?" This was the comment from a business associate
recently. My answer was a definite yes. In fact, if you were not
a Christian and sought to do a similar business without regard to
maintaining a biblical philosophy, the way would be much smoother
sailing. It makes us think of the prophet who asked, "Why do the
wicked prosper?" (see Jer. 12:1)

It is a spiritual principle of which we speak. When the
Israelites crossed the Jordan before they entered the Promised
Land, they fought only two battles. Then after they entered the
Promised Land, they fought 39 battles. The way of the cross is
not paved with lilies; it is paved with grace. When we seek to
honor God in our business life, we will be met with opposition
from the spiritual forces of this world. This is why each of us
must commit ourselves to walking in the power of the Holy Spirit
and to be as gentle as doves but as wise as serpents.

Do not be surprised when you find the way harder as a believer
than when you were a non-believer. You now have more at stake
among the spiritual forces that desire you to be defeated and
ineffective.

Stand firm against the evil forces that desire to keep you from
walking in freedom in the Promised Land. Jesus is your victory
for every battle you will encounter. Call on His name.

-----------
This daily devotional is published and distributed by
Crosswalk.com.  It is written by Os Hillman, president of
Marketplace Leaders, located in Atlanta, GA.  His email address
is <os@marketplaceleaders.org>.  For more articles and books
by Os Hillman you may visit his web site at
http://www.marketplaceleaders.org.

Additional devotionals are available from Crosswalk.com:
<http://devotionals.crosswalk.com>
-----------
To read the Current Feature Story from ReligionToday,
go to http://religiontoday.crosswalk.com/CurrentFeatureStory/

For today's complete News Summary from ReligionToday,
go to http://religiontoday.crosswalk.com/CurrentNewsSummary/

-----------
For Copyright Terms go to http://www.crosswalk.com/info/copyright

____________________SUBSCRIPTION INFO_______________________

* You subscribed to Marketplace Meditations as:
< jeff.king@enron.com >
* To unsubscribe from this newsletter immediately, click here:
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If that link is not clickable, simply copy and paste it into
your browser window.
* To change your address:  unsubscribe your old address
and then subscribe your new address.
* To subscribe, send an email to:
< SUBSCRIBE-marketplace@lists.crosswalk.com > or go to
< http://www.crosswalk.com/lists > for a complete list of
our newsletters.
* Copyright , 2001 Crosswalk.com, Inc. and its Content
Providers. All rights reserved.

____________________________________________________________


TVA and Entergy filed answers to the numerous protests to Entergy's source
and sink filing.

TVA responded specifically to Enron and VEPCO's filings basically stating
that the NERC letter was limited to the TVA/Enron dispute and inapplicable to
the Entergy issue.  TVA also made accusations that Enron in effect secretly
talked with NERC to get a task force made up of members "predisposed to
Enron's point of view."  TVA said that the task force ignored TVA's requests
to meet with it and that the task force went beyond current NERC policy.
Finally, TVA understands that "Enron has prevented SERC" from bringing the
matter to NERC ADR.

Entergy's answer largely cites past FERC orders that approved the source and
sink on tags (and denied Enron's Capacity Reservation Tariff) and basically
states that the protests are a collateral attack on Order No. 888 (as we have
known, the OATT does require ultimate source and sink on firm and allows them
on non-firm).  Entergy's filing, however, is lacking in substantive reasons
why reliability would be so much better served by requiring this at the
reservation level, when NERC has stated it is not necessary for reliability
until the 20/30 minute ahead tag.  Entergy says it can do a better job of
listing actual ATCs and will prevent Entergy from overselling its system
(although since Entergy's ATCs are usually low or 0 coming in over the ties,
I question how many times Entergy has oversold Firm transmission.)  Entergy
also states that it and the Security Coordinators can police the IDC tags, in
case the marketer puts the wrong priority information on the tag (how often
does this happen?).  [[I also don't know how Entergy is going to have time to
check all this, when we called FERC hotline on them last year for lack of
timely responses to reservation and tags]].  Although the IDC does not even
analyze specific bus bars (and generator source and sink are optional on the
tags now), Entergy says this is "irrelevant", but TLRs will be improved.

Entergy cites FERC's 1998 OASIS orders that "EPSA has not made a compelling
argument that disclosure would harm liquidity."  I think that the compelling
arguments are being made now about the discrimination.  Although FERC
approved the source and sink, transmission providers have not been using them
and the tags don't require them.

Entergy notes that when FERC issued the OASIS order, specific bus bar
information was required on the tag -- now it is optional on the tag.  Even
so, Entergy states that requiring it on the reservation does not make it
inconsistent with the tag.  (I disagree.)

Finally, Entergy says that we can always put in "anticipated" source and
sink, but if it changes, our priority may change.  It is my understanding
that even the smallest change in source and sink will make some change in the
power flows, so you effectively would always go to the lowest priority.

We are considering filing a response that states the lack of evidence on the
reliability issues when NERC doesn't think this is required is a material
issue of fact that should be set for hearing, at least.


We need to send read only ids to all our customers.

 Did we plan that?
--------------------------
Sent from my BlackBerry Wireless Handheld


APACHI management has been successful in delaying for at least two weeks the
signing of a renegotiated agreement for phase II of the Lagos State project,
a 548 megawatt power plant.  This is part of the PPA that was originally
signed and publicized in December 1999. Per our discussions, we sought a
delay in the signing from this week to avoid undue publicity as a result of
President Clinton's visit to Nigeria on August 26 and 27.

There is still a risk that the Governor of Lagos may talk about the project,
but we expect most reports to focus on the phase I emergency power barges and
do not anticipate significant publicity about phase II.  Furthermore, Habiba
has carefully developed an agreement on statements and minimal publicity with
NEPA and other government agencies, which should mitigate any leaks.

Attached are the statement and Q&As we plan to use after the signing.


Chris

These are the transactions I see as taking place on April 6, do you have any
additions,  also we need to negotiate the 90 additional at national fuel

Charlie

 - 4-6-2000 enroncestransactions.xls


BUSINESS HIGHLIGHTS

East Power Origination
On Friday, June 15, the Development Review Committee for Deerfield Beach, Florida, unanimously approved the 510 megawatt peaking power plant proposed for their city.  This approval followed on the heels of approval of the Developer's Agreement by the Deerfield Beach City Commission on Thursday, June 14.

Enron Industrial Markets
On Friday, June 8 Enron Industrial Markets closed transactions with Huntco Inc. under which EIM will provide inventory management services and will eventually provide more than 600,000 tons per year of hot-rolled, cold-rolled and galvanized steel products to Huntco Steel. The EIM project team developed a creative, 15-year structure that enhances Huntco's liquidity, reduces working capital requirements, and hedges their inventory position against directional price risk.

In addition, EIM structured the acquisition of Huntco's cold mill and certain coil pickling operations.  A special purpose vehicle funded by third party equity now owns the assets, which continue to be operated by Huntco under an O&M agreement.  As part of the transaction, EIM purchased a 20-year call option on capacity at the cold mill located in Blytheville, Arkansas.

These transactions with Huntco signal a fundamental change in the way steel is bought and sold in the United States.  They give Enron immediate access to physical steel and position Enron geographically to serve the steel industry in a variety of ways. Consummation of the Huntco transactions would not have been possible without the contributions of multiple Enron groups who enhanced value to Enron while significantly mitigating risk.

IN THE NEWS

"Mario Max Yzaguirre, a former Enron executive, was appointed Wednesday by Gov. Rick Perry to the state agency that is overseeing electricity deregulation in Texas.  Yzaguirre was named to replace Judy Walsh on the three-member Public Utility Commission of Texas.  Yzaguirre, of South Padre Island, recently resigned as president of Enron's Mexico operations.  He formerly worked as a lawyer at Houston's Vinson and Elkins." -- Houston Chronicle, June 14

WELCOME
New Hires
EIM   - Linyue Xu
ENA  - Candice Kao, Jason Loup
NEPCO - Victor Wirick, E.J. Mohr, John McCorkle, Mairvic MacDonald, Heather Coffey, Larry Brady, Cindy Olson, William King, Danny Wheeler, July Astengo, Tara An, Matthew Fontaine
Transfers (to or within)
ENA - LaDonna Finnels-Neal, Margaret Daffin, Michael Newlin, Jay Blaine, Diane Cook, Anrew Greer, Troy Denetsosie, Paulita Olvera, Patty Deas, Steven McCarrel, Mary Cilia, Bobbi Tessandori, Luis Mendez
EIM - Monika Causholli,
EGM - Felecia Russell, Sam Niness, Wayne Byargeon, Fotios Economou
NEPCO - Robert Woolf, Gary Franke, Richard Stephens, John Taylor, Charles Clarkson, Albert Franch, Kerry Lockstedt, Danielle Shafer, Robin Carpenter, John Wilson, Charles Seal

NUGGETS & NOTES

Congratulations to Lisa and Tim McKone, director in Steel Origination. They are the proud parents of a healthy baby boy, William David McKone. He was born on Sunday, June 17th and weighed 9 lbs. 6 oz.

Travel tip of the week:
Enron has negotiated preferred rates at selected hotel in domestic and international cities. Please visit travel.enron.com and a search engine will assist you in finding hotels with preferred rates. If you are a frequent traveler to a specific city and your preferred hotel is not listed, please contact Tracey Ramsey and efforts will be made to negotiate a preferred rate with that hotel.
	Preferred Hotels - short list
	San Francisco
	    Hilton & Towers			$209
	    Holiday Inn - Financial District 	  169
	Portland
	     Portland Marriott			  109
	     Riverplace Hotel			  155
	New York City
	     Plaza Hotel				  265
	     New York Palace			  330

EnronOnline Statistics
	Below are the latest figures for EnronOnline as of June 21, 2001

		*  Total Life to Date Transactions > 1,105,000
		*  Life to Date Notional Value of Transactions > $660 billion

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.

<Embedded Paintbrush Picture>


are you in for the game?


CALENDAR ENTRY:	EVENT

Description:

Date:		11/6/2000
Duration (days):	1

Chairperson:	Outlook Migration Team

Detailed Description:


Do you have anything for HomeTown Communications Network.  Looking for a gas  contract dated 6/14/01

 -----Original Message-----
From: 	Elledge, Susan
Sent:	Wednesday, December 26, 2001 10:16 AM
To:	Nemec, Gerald
Subject:	I'm here...

...but I was on the phone.  Do you need a contract?


Rakesh,

To confirm our conversation:

Please, go ahead and buy a copy.

Vince

Rakesh Bharati@ENRON
03/29/2001 02:06 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Tanya Tamarchenko/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
Subject: Visual Numerics CNL Licensing Issues

Vince,

Tanya and I feel that there is a need for a constrained optimization routine
for our VAR related research.   Numerical recipes does not contain
subroutines where equality and inequality contraints can be easily
incorporated.  Also, the number of arguments that can be handled is also
limited.

IMSL provides a comprehensive library of more than 300 C/C++  statistical and
mathematical analysis functions.  We think that it would be of great value to
our efforts and to the efforts of our research group.  Presently the cost is
aproximately around $1500 and Mike Bothwell (Visual Numerics Rep) assures us
as the version is not license protected, we all can use it as long as
simultaneous usage is within the license.

Please let me know if you should need further information.

Thanks,

Rakesh

---------------------- Forwarded by Rakesh Bharati/NA/Enron on 03/29/2001
01:44 PM ---------------------------

Mike Bothwell <mbothwell@houston.vni.com> on 03/29/2001 12:56:03 PM
To: "'Rakesh.Bharati@enron.com'" <Rakesh.Bharati@enron.com>
cc:

Subject: Visual Numerics CNL Licensing Issues

Rakesh, I'm just following up to see how things looked on this.  Any change
in status?  Let me know I can furhter help you.

Best regards,

Mike Bothwell
Account Manager
Visual Numerics Inc.
Phone: 713-954-6423
Fax: 713-781-9260
Cell: 713-417-9069
mbothwell@houston.vni.com <mailto:mbothwell@houston.vni.com>
<http://www.vni.com/>

Visual Numerics Celebrates 30 Years
As an Independent Software Vendor

Rakesh,

As we discussed, the CNL 4.0 PC libraries are not license managed.  Version
5 will be.  The PC Version 4.0 can be installed on a network drive and
called from networked PCs.  As expected, we would ask that Enron honor the
license agreement by allowing only the number of simultaneous uses permitted
by the license.  Version 5.0 will be license managed and can be licensed as
node locked or floating.

With regard to Unix licensing, the current version of CNL for Unix is
license managed.  It can be licensed as node locked or floating.  If you
install the libraries on a Unix server as node locked, the number of
simultaneous sessions on that server is not limited except by the
capabilities of the machine.  A floating Unix license would be checked out
by the individual user to be executed on a local machine.

Also as mentioned, your investment is protected by allowing you to upgrade
in the future by paying only the price difference between your current and
desired platforms.  This upgrade option only applies to licenses covered
under support.

If you have any additional questions, please let me know.  I look forward to
providing you the best math and statistical libraries available today to
help you solve your problems and understand your data.

Best regards,

Mike Bothwell
Account Manager
Visual Numerics Inc.
Phone: 713-954-6423
Fax: 713-781-9260
Cell: 713-417-9069
mbothwell@houston.vni.com <mailto:mbothwell@houston.vni.com>
<http://www.vni.com/>

Visual Numerics Celebrates 30 Years
As an Independent Software Vendor


In connection with tomorrow's closing, attached for your review are revised
versions of the Amendments to the SPA and PDA, revisions to the Assignment of
Interests, and "Date Down" Certificates for the Purchaser and the Seller.
Please note that these comments are being distributed to the whole group
simultaneously and are subject to change.  Best regards.

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

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

 - #1288444 v1 - BUYER REPRESENTATION CERTIFICATE.doc
 - #1288432 v1 - SELLER REPRESENTATIONS CERTIFICATE.doc
 - #1283533 v7 - AMENDMENT NO 4 TO PDA.doc
 - #1283523 v10 - AMENDMENT NO 3 TO SPA.doc
 - #1287349 v3 - ASSIGNMENT OF INTERESTS.doc


Let me know when the money is there and we will buy something


Kathy-

Our home email address has changed:

pereira@houston.rr.com

Thanks,

Susan Pereira


As we are closing in on my arbitrary deadline, attached is the latest draft.
It is relatively clean as Cooper has accepted most of our suggestions.
Please note that Section 15D still needs to be re-worded as it references
Exhibit H, which no longer exists.  Although most of you have not seen this
document as a whole in a while, your input to various sections has been very
helpful and I appreciate it.  As time is of the essence, I would be grateful
for fresh eyes and perspective in what I hope will be a final read.  I hope
to get this draft to Cooper by tomorrow morning.  For those prone to detail,
the section numbers have been changed and therefore please pay attention to
references to the numbers of other sections.  I would not want to reference
the Force Majeure section when I meant to reference the Delivery section.

Cheers,

Michael


Sally,

Attached is the detail of the analysts we had in Energy Operations as of
5/15/00.  Please let me know if you need anything else.

Lisa
x3-6343


>From: "stanley czajkowski" <sjplus5@hotmail.com>
>To: BJLord2@aol.com, cahemming@hotmail.com, cardiactech@adelphia.net,
>cmarsh3892@aol.com, dwestwood@erols.com, emsequalnolife@aol.com,
>found1@earthlink.net, Gary_Butt@dom.com, haasdc@borg.com,
>haasmb@netscape.net, jons_stang@yahoo.com, katwilliams@juno.com,
>kesterl@hoffman.army.mil, kidd108@attbi.com, ladybee108@webtv.net,
>Larry.Gordon@usmc-mccs.org, maniac_8@hotmail.com, okfine66@aol.com,
>pd4byot@aol.com, pita651@aol.com, ralph.walters@gsa.gov, s-t-a-k@msn.com,
>tina_leavy@msn.com, welsh@ibb.gov, Wollimat1@cs.com
>Subject: Fwd: Fw: So, how did you break your arm?
>Date: Wed, 13 Feb 2002 12:23:29 -0500
>
>
>
>
>>From: "Joanne and Bruce Shedrick" <shedrick@erols.com>
>>To: <Undisclosed-Recipient:;>
>>Subject: Fw: So, how did you break your arm?
>>Date: Wed, 13 Feb 2002 10:59:37 -0500
>>
>>
>>
>>Subject: So, how did you break your arm?
>>
>>
>> >
>> >
>> > <  Subject: "So, how did you break your arm?"
>> >
>> > Even if you aren't a skier, you'll be able to appreciate the humor of
>>the
>> > slopes as written by a New Orleans paper:
>> >
>> > A friend just got back from a holiday skiing trip to Utah with the kind
>>of
>> > story that warms the cockles of anybody's heart. Conditions were
>>perfect...12
>> > below, no feeling in the toes, basic numbness all over...the "Tell me
>>when
>> > we're having fun" kind of day.
>> > One of the women in the group complained to her husband that she was in
>>dire
>> > need of a rest room. He told her not to worry, that there surely, was
>>relief
>> > waiting at the top of the lift for skiers in distress. He was wrong, of
>> > course, and the pain did not go away.
>> > Her husband, picking up on the intensity of the pain, suggested that,
>>since
>> > she was wearing an all-white ski outfit she should go off in the woods
>>and
>>no
>> > one would even notice.
>> > So she headed for the tree line, began lowering her ski pants and
>>proceeded
>> > to do her thing. You know there is a right way and wrong way to set
>>your
>>skis
>> > so you don't move. Yup, you got it!!! She had them positioned the wrong
>>way.
>> > Without warning, the woman found herself skiing backward,
>>out-of-control,
>> > racing through the trees... her pants down around her knees, and she
>>was
>> > picking up speed. She was totally out-of-control, creating an unusual
>>vista
>> > for the other skiers. The woman skied back under the lift and finally
>> > collided violently with a pylon. The bad news was that she broke her
>>arm
>>and
>> > was unable to pull up her ski pants.
>> > At long last her husband arrived, putting an end to her nudie show, the
>>ski
>> > patrol transported her to a hospital. While in the emergency room, a
>>man
>>with
>> > an obviously broken leg was put in the bed next to hers. "So, how'd you
>>break
>> > your leg?" she asked, making small talk.
>> > "It was the darndest thing you ever saw," he said. "I was riding up
>>this
>>ski
>> > lift and suddenly, there was this crazy woman skiing backward,
>> > out-of-control, down the mountain, with her bare bottom hanging out of
>>her
>> > pants.
>> > I leaned over to get a better look and fell out of the lift." "So,
>>how'd
>>you
>> > break your arm?"
>> >   >>
>> >
>> >   >>
>> >
>> >
>>
>
>
>
>
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-----Original Message-----
From: 	"William Chesna" <william.chesna@db.com>@ENRON
Sent:	Thursday, October 25, 2001 3:09 PM
To:	Williams, Jason (Trading)
Subject:	Outstanding Positions

Jason,

     Can you please give me a call at the below number at your earliest convenience.  I need to discuss the novation agreement and the status of where we stand with the trade reconciliation.  Many thanks.

Bill

William Chesna
Global Commodities Business Manager
Phone  212-469-2728
Fax       212-469-6919
email  william.chesna@db.com

--

This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and destroy this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden.


>From: GasFax
>To: GasFax Transmission
>Subject: GasFax Report
>Date: Mon, 18 Jun 2001 18:02:32 -0500
>
>
>GASFAX

>CONFIDENTIAL
>This transmission is intended only for use within the subscribing
>company,
>with access limited to the individual to whom it is addressed, and
>to such other persons
>(within the same company) as may be designated by the addressee to
>have access.
>Reproduction or retransmission of this document or of its contents
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>If this communication is received at other than its intended
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>discrepancies relating to its transmission, please telephone
>713-651-8006 (Houston, TX) immediately.
>? Copyright 2001 - Energy Reporting Network - All rights reserved.
> ENERGY REPORTING NETWORK
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> 601 Jefferson Street, Suite 3690
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> Phone: 713-651-8006
> Fax: 281-754-4934

Get your FREE download of MSN Explorer at http://explorer.msn.com

 - gfR6182.PDF
 - rept501.doc


Bruce Maanum
575 Province Road
Barrington, NH 03825
bruce@sustainableharvest.org

To Mr. Ken Lay,

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

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

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

Sincerely,

Bruce Maanum


you're very welcome.


What Attachment?
Thanks


Dear Gas OII Parties:

This is an electronic version of Exhibit 111 for your convenience.
 - Response to ALJ's 6-1-00 Questions-w973.doc
 - Att B- OFO Analysis-v951.xls
 - Att A- 99 Receipts by pipeline-v951.xls

Marcel Hawiger
THE UTILITY REFORM NETWORK
711 Van Ness Avenue, Suite 350
San Francisco, CA 94102
(415) 929-8876 x. 311
(415) 929-1132 (fax)
marcel@turn.org


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