------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

December 01, 2000 5:00pm through December 04, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON NORTH AMERICAN LANS:
Impact:  EES
Time:  Sat 12/2/2000 at  9:00:00 PM CT thru Sat 12/2/2000 at  9:30:00 PM CT
 Sat 12/2/2000 at  7:00:00 PM PT thru Sat 12/2/2000 at  7:30:00 PM PT
 Sun 12/3/2000 at  3:00:00 AM London thru Sun 12/3/2000 at  3:30:00 AM London
Outage:  Replace RSM in EES CX2
Environments Impacted:  EES
Purpose: Module needs to be replaced. While switch is being updated, there
will be outages for EES and EBS.
Backout: Replace old RSM
Contact(s):  Vincent Fox   713-345-7784

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

LOTUS NOTES: No Scheduled Outages.

MARKET DATA:
Impact:  Market Data
Time:  Fri 12/1/2000 at  4:30:00 PM CT thru Fri 12/1/2000 at  5:30:00 PM CT
 Fri 12/1/2000 at  2:30:00 PM PT thru Fri 12/1/2000 at  3:30:00 PM PT
 Fri 12/1/2000 at  10:30:00 PM London thru Fri 12/1/2000 at  11:30:00 PM
London
Outage:  Monthly Preventive Maintenance Reboot of BTRS Servers
Environments Impacted:  Telerate Users
Purpose: Preventive maintenance
Backout:
Contact(s):  Rick Le   713-853-5345

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: No Scheduled Outages.

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


Congrats on your new arrival. I hope all is going well. I had lunch w/ Bill
Gage today and he mentioned that they had an opening at his firm. I think
they are shy about talking to current Bracewell attys. I told him that I had
talked to you about other opportunities after the partner decisions were made
and that I would pass along the information. If you are interested, Bill's #
is 713--225--4500.


Don, go ahead and set it up - what have been discussing with them on the gas
side?

Did CSFB tell them about the $400 Kw capital cost plus the three year
transistion agreement for $4.00 kw/m?

Tell Beverly or Kay to make time for next week if Mr Forster can make it.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/18/2000
07:27 PM ---------------------------

Don Miller
07/18/2000 07:26 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: DPL

Dave,

CSFB spoke with DPL today.  Pete Forster (chairman) said he wants to meet
with you to discuss peakers and other opportunities on the trading and
marketing side.  Besides 3200 MWs of Ohio regulated assets, DPL has a peaking
strategy in ECAR and today has 400-500 MWs in development (interesting to
have peaking strategy with no T&M).  They would like to look at our peakers
to supplement strategy.  Forster didn't flinch when they said $400 kW is the
ballpark number.  More interestingly, Forster went into his desire to talk
with you about other ideas relating to T&M.

Forster suggested 27th or 28th of July for the meeting.  You are more open on
the 28th.  It appears Forster may be open to coming down here.  He wants CSFB
and us to co-ordinate meeting schedule.  CSFB is DPL's main advisor, and the
guys that negotiated the KKR deal a while back.

Apparently we are talking with these guys on the gas side.

Regards,

Don


No can do.  Thanks anyway.

Lisa Mellencamp@ECT
02/16/2001 12:27 PM
To: Shirley A Hudler/HOU/ECT@ECT, Cindy Hudler/HOU/ECT@ECT, Kelly H
Boots/HOU/ECT@ECT, Cheryl Lipshutz/HOU/EES@EES, Cynthia Harkness/Enron
Communications@Enron Communications, Kathy M Lynn/Corp/Enron@Enron, Anne C
Koehler/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Teresa G
Bushman/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Sheila
Tweed/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT,
Angela Davis/NA/Enron@Enron, Shari Stack/HOU/ECT@ECT, Carol St. Claire, Janet
H Moore/HOU/ECT@ECT
cc:

Subject: i have 4 tickets to diana ross at rodeo tonight that probably can't
use. any takers?

Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com


Revised Wheeling Access Charges Effective Trade Date July 1, 2001

Notice to the Market Participants:

Revised Wheeling Access Rates for 2001 are posted on the ISO's web site at
http://www.caiso.com/clientserv/settlements/  under "Wheeling  Access
Charges for 2001".

The TAC Area Rates were revised effective July 1, 2001 due to FERC's
acceptance of  PG&E's T05 filing.

CRCommunications
Client Relations Communications


 I need a new battery for my libretto.  Thanks
 can't replicate my e-mails to my laptop. Help


Whatever you changed on this deal, it now reads that it flows 32 hours a
day!  You have five strips in, each flowing for 16 hours.

Also, when you change a deal, if you could make small note about what you
changed in the comment section of deal entry, if really makes things go
faster.  We know what change to look for when we make the revision.

Let me know when it is fixed.

Thanks!


Mike:

We are currently being billed for Freese Notis Weather.  I will need to
allocate these charges to the appropriate cost center.  If you would like to
continue this service I could allocate it directly to your cost center or
send you the bill directly.  If you know of anyone else who uses this
application please let me know and I will split the cost among the
departments.

Thank you,

Danielle Marcinkowski


how about the final pick in the 2nd and my third for your 2nd and your 4th


(See attached file: PNGC Scheduling Coordinator comments 1-29-02.doc)


The messages below can better explain what's going on IT wise... O

 -----Original Message-----
From: 	Qavi, Faheem
Sent:	Monday, February  4, 2002 8:43 AM
To:	Winfree, O'Neal D.
Subject:	FW: UPDATE: FW: 02-01-2002 Key Points
Importance:	High

Oneal,

	Looks like they did not migrate the accounts over the weekend.  We can try again tomorrow to migrate the Netco directory over to the Netco environment.  Thanks.

Faheem A. Qavi
Enron Net Works
IT Security & Controls
* Faheem.Qavi@Enron.Com
(  (713) 345-8338

 -----Original Message-----
From: 	Martinez, Bob
Sent:	Saturday, February 02, 2002 3:57 PM
To:	Adamik, Darren; Andrews, Stephen; Ballmer, Charles; Barber, Michael; Behney, Chris; Beyer, Troy; Bode, Gary; Brennan, Ryan; Burgess, Simon; Castrejana, Pete; Cheng, John; Coles, Frank; Cox, Paige; Croucher Jr., Mike; Deleon, Roberto; Dietrich, Dan; Harrelson, Mike; James, Matthew; Jameson, Lance; Kachinski, Joe; Larkin, Brian; Le, Rick; Link, Kathy; Marcinkowski, Danielle; Matson, Randy; McNair, Darren; Qavi, Faheem; Ray, Edward; Setliff, John; Shishido, Scott; Smith, Bruce; Staggs, Micah; Stevens, Wilford; Thelen, Todd; Van Arsdall, Leah
Cc:	Cochinwala, Mustafa; Bucknell, Martin; Dopson, LaMetrice; Dziadek, Keith; Gubser, Marlin; McAuliffe, Bob
Subject:	FW: UPDATE: FW: 02-01-2002 Key Points
Importance:	High

f.y.i.

Just in case you are not on the distribution list.

Bob

 -----Original Message-----
From: 	Henry, Jane Hilburn
Sent:	Friday, February 01, 2002 2:27 PM
To:	Stock, Steve; Johnson, Jeff; Schomer, Chris; Smith, Regan M.; Ballmer, Charles; Larkin, Brian; Newland, William; Patel, Piyush; Ward, Bob; Brewer, Charles; Tang, Mable; Charbonnet, Clement; Matson, Randy; Nat, Steve; Nommensen, Dave; Merrell, Brad; Ogden, Arlene; Chitradurga, Sundar; Jia, Winston; Luu, Duong; Poston, David; Powell, John D.; Ramesh, Ganapathy; Rao, Ramesh; Warner, John; Wei, Zhiyong; Dolan, Michael; Barber, Michael; Gubser, Marlin; Dziadek, Keith; Sanborn, Brandee; Sanvido, Terry; Constantine, Chris; Pua, Cornelio; Wang, N. Jessie; Simpson, Stephen; Hall, Rich; Cheng, John; Shishido, Scott; Saleem, Aftab; Krishnaswamy, Jayant; Brennan, Ryan; Pullicino, Marcus; Schmidt, Mark; Renaud, Todd; McNair, Darren; Qavi, Faheem; Deleon, Roberto; Beyer, Troy; James, Matthew; Martinez, Bob; Yanowski, Tommy J.; Conley, Tom; Cinelli, Steve; McKeel, Richard; Harmon, Kenneth M.; Stevens, Wilford; Smith, Bruce; Fortney, Bill; Wong, Jeremy; Lim, Francis S.; Yang, Sean; Dronet, David; Bharathi, Jaikishore; Sugrue, Jim; Setliff, John; Pena, Matt; Clark, Cynthia; D'Souza, Romeo; Ray, Edward; Burchfield, Richard; McAuliffe, Bob; Forster, David; Webb, Jay; Rub, Jenny
Cc:	'steve.benton@ubsw.com'; 'bryan.thal@ubsw.com'; Meinel - UBS, Matt; 'matt.meinel@ubsw.com'
Subject:	UPDATE: FW: 02-01-2002 Key Points
Importance:	High

Legal was unable to produce the document needed for the data moves today.  Looks like they are pushing for Monday; therefore, IT Infrastructure will not be converting the NetCo accounts over the weekend.

The new estimated delivery for logins will be Monday night sometime.  We can discuss this issue in further detail at Monday's 9:00.

-Jane

 -----Original Message-----
From: 	Henry, Jane Hilburn
Sent:	Friday, February 01, 2002 12:13 PM
To:	Stock, Steve; Johnson, Jeff; Schomer, Chris; Smith, Regan M.; Ballmer, Charles; Larkin, Brian; Newland, William; Patel, Piyush; Ward, Bob; Brewer, Charles; Tang, Mable; Charbonnet, Clement; Matson, Randy; Nat, Steve; Nommensen, Dave; Merrell, Brad; Ogden, Arlene; Chitradurga, Sundar; Jia, Winston; Luu, Duong; Poston, David; Powell, John D.; Ramesh, Ganapathy; Rao, Ramesh; Warner, John; Wei, Zhiyong; Dolan, Michael; Barber, Michael; Gubser, Marlin; Dziadek, Keith; Sanborn, Brandee; Sanvido, Terry; Constantine, Chris; Pua, Cornelio; Wang, N. Jessie; Simpson, Stephen; Hall, Rich; Cheng, John; Shishido, Scott; Saleem, Aftab; Krishnaswamy, Jayant; Brennan, Ryan; Pullicino, Marcus; Schmidt, Mark; Renaud, Todd; McNair, Darren; Qavi, Faheem; Deleon, Roberto; Beyer, Troy; James, Matthew; Martinez, Bob; Yanowski, Tommy J.; Conley, Tom; Cinelli, Steve; McKeel, Richard; Harmon, Kenneth M.; Stevens, Wilford; Smith, Bruce; Fortney, Bill; Wong, Jeremy; Lim, Francis S.; Yang, Sean; Dronet, David; Bharathi, Jaikishore; Sugrue, Jim; Setliff, John; Pena, Matt; Clark, Cynthia; D'Souza, Romeo; Ray, Edward; Burchfield, Richard; McAuliffe, Bob; Forster, David; Webb, Jay; Rub, Jenny
Cc:	'steve.benton@ubsw.com'; 'bryan.thal@ubsw.com'; Meinel - UBS, Matt; 'matt.meinel@ubsw.com'
Subject:	02-01-2002 Key Points

Reminders:
1)  Status are due at 3:00 under:
	O:\InfoTech\Development Support\UBS Integration Team\<YOUR TEAMS WORKING FOLDER>\Status Reports\
2)  Review open issues under:
	O:\InfoTech\Development Support\UBS Integration Team\_IT Integration Management\UBS_Integration_PM_Working_Doc-V2.01.xls

Announcements:
1)  EOL identifier will be changed to ETX
2)  HR and Security working on Dual Access issue with Legal
3)  A posting to how you will be handling your mail, common drives, etc....to be posted today.
4)  NetCo employees to be churning to ECS today and through next week.  Their phones will be inactive in ECN this coming Monday.

New Issues:
1)  Database refreshes for Curves - Meeting to be handled by Mable Tang


I believe we need to assign someone from the Central Desk to be the point
person for CES Central Desk activity, for pricing and scheduling issues.

CES currently has issues with the BTU conversions at the different Michcon
citygates.  ENA delivers the gas to different Michcon citygates and each one
has a different BTU factor.  This causes CES to be long or short depending on
the conversion factor.  I'm not sure if there is anything we can do about it
but I would prefer to have someone from the Central Desk address this issue.

Comments?


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
12:28 PM ---------------------------

	From:  Eloy Escobar @ ENRON                           11/06/2000 07:38 AM

To: Jennifer Fraser/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: November 2000 Issue of Worldwide Refining Business Digest via
DigestNET

---------------------- Forwarded by Eloy Escobar/Corp/Enron on 11/06/2000
07:38 AM ---------------------------

"DigestNET" <DigestNET@mail.hydrocarbonpublishing.com> on 11/04/2000 10:58:10
AM
Please respond to <DigestNET@mail.hydrocarbonpublishing.com>
To: "Eloy escobar" <Eloy.escobar@enron.com>
cc:

Subject: November 2000 Issue of Worldwide Refining Business Digest via
DigestNET

--
Regards,

Publication Department/DigestNET
Hydrocarbon Publishing Company

--

 - Dig1100.pdf


The Wynn reliability bill, attached, was introduced last night.
---------------------- Forwarded by Allison Navin/Corp/Enron on 07/25/2000
12:50 PM ---------------------------

"Fields, Nick" <Nick.Fields@mail.house.gov> on 07/25/2000 12:35:30 PM
To: "'allison.navin@enron.com'" <allison.navin@enron.com>
cc:

Subject: FW: HR 4941 National Electric Reliability Act

> ----------
> From:  Fields, Nick
> Sent:  Tuesday, July 25, 2000 12:30 PM
> To:  'ccash@mgh.com'; 'kelliott@pepco.com'; 'cingebretson@bracepatt.com';
> 'allison,navin@enron.com'
> Subject:  HR 4941 National Electric Reliability Act
>
>
>  <<WYNN_050.PDF>>
>

 - WYNN_050.PDF


Hi Vince

Following our conversation earlier today; here is a list of projects and
services (together with main contacts) requested  from UK Gas, UK and
Continental Power.

I am currently providing a limited daily morning weather briefing to UK Gas,
which they appear to greatly appreciate.

Have a good weekend,

Tony

Wind Power Project (Dan Badger; EEL-Enron Wind)
----------------------------------------------------------------------------
Source long term historical wind station data (going back to 1950 or so)
which is complete at an hourly timescale and in close proximity to a number
of wind farm locations throughout Europe (given by their longitudes and
latitudes).  Identify vendors, prices and timescales and ultimately obtain
this data.

Once we have the data work with Ross McIntyre (Weather Derivatives) to build
hourly Hi/Lo frequency distributions and yearly averages with a view to
correlating windspeeds with Power Output and building a trading model for
Wind Power.

Spanish Power Project (Kristian Lande; EEL-Cont Pwr tr-Pool Based Trad)
------------------------------------------------------------------------------
------------------------------
Identify sources of temperature, precipitation and windspeed historical and
forecast data for Spanish Cities.

Welsh Power Project (Tim Poullian-Patterson; EEL Structuring)
------------------------------------------------------------------------------
-------------
Identify sources of temperature, precipitation and windspeed data for a
number of sites in Wales.

UK Gas Project (Peter Crilly; EEL-UK Management)
--------------------------------------------------------------------------
Provide input on refining current gas demand model for UK.

UK Gas Service (Peter Crilly; EEL-UK Mangement)
--------------------------------------------------------------------------
Give daily briefing at 8 am on 1 to 5 day UK weather outlook (focused on UK
temperatures).
Provide electronic version of 1 to 5 day map for inclusion in intranet site.
Provide 1 to 5 day European temperature forecast and dicussion in electronic
format for inclusion in daily newsletter (by 8:15 am).
Provide update briefing at noon following inclusion of all forecast models on
any changes to 1 to 5 day outlook.
Provide briefing at noon on 6 to 10 day Uk weather outlook (focused on
temperature).

Spanish Power Service (Kristian Lande; EEL-Cont Pwr tr-Pool Based Trad)
------------------------------------------------------------------------------
-------------------------------
Give daily briefing around noon on Spanish hydro outlook (focused on precip
forecasts for Spain and Switzerland).

Dutch Power Service (Jonathan Pietila; EEL-Cont Pwr Tr-Pool Based Trad)
------------------------------------------------------------------------------
--------------------------------
Give daily breifing around 8 am on Dutch weather outlook (focused on
temperatures over The Netherlands, Belgium, Denmark and northern Germany).


Jim, I need to apologize and confess I skipped the call this morning because
of an uncontrollable addiction to the Presidential election proceedings.
David Boies and Barry Richards were just too much to pass up.  Sorry.
Not much here.  We settled the Beaver lease cases at the same price we paid
the other lessors and without any of their attorney fees.  Good result.  We
have FERC approval of the Sierra sale.  SEC looks good for Jan or Feb.
I am working with Richard Sanders and Robin Gibb on defense to the California
class actions.
We have a new offer from BNFL that will be the subject of a conference call
soon.  Looks like they will pay us about 75% of our damages to go away.
One new risk is the upcoming cold spell and very high Northwest prices.  This
will cost us a lot of money, possibly not recoverable from customers, and may
spread the litigation over high prices to the Northwest.  This could develop
as a risk to the Sierra sale in the extreme, but right now appears manageble.
More on this as it develops.  The Enron litigation team is here on Monday and
we will cooperate on strategy and resources as prudent.
Finally, we have received a settlement offer on the Grant County case that
looks good and we are pursuing it.  Al.


Tom,

The following gas well came on line at approximately 10:00 am this morning:

Counterparty    Well    Meter   Volume  Price

Rincon Petroleum Corporation  Koontz-Kutcha GU #1  9673   300mmcf/d  100% Gas
Daily HSC less $0.12

Please put in a ticket in sitara to reflect the aforementioned information.
Should you have any questions, please give me a call.

Thanks,

vlt
x3-6353


Thomas: Can you please answer the following questions:
1. What is the NYC Gate volume that can be switched to NYH#6, NYH#2 and
Diesel ?
2. What utilities have this capability, and what is the volume per utility?
3. What is the volume outside NYC that can be switched?
4. Explain the mechanism for determining the fuel oil pricing

I was at the meeting I had to leave early, thanks Brad


TO:?? Colleagues

SUBJECT:? Final Version

I've done my best to include your very helpful comments.? The document now
also contains a summary.

I would like your endorsement, by noon PST (Wednesday) if possible.? A number
of you have already indicated you would sign it.? Also, Tom Campbell has
indicated he will try to recruit Ken Arrow.? I believe one of you agreed to
recruit Dan McFadden.? Laura is working on Larry Summers.? Solow would be a
great addition, too.

Can we agree on the following division of labor from here out:

1.? Recruiting others:? All

2.? Media representatives:? Campbell, Tyson, Spiller, Verlerger, Wilk,
Teece, and Hogan (This is by no means meant to preclude anyone contacting
the media after we go public.)

??? On media, we are giving the LA Times a 24-hour exclusive.? We won't
release to other media sources until 9:00 AM Thursday.

Many thanks for your involvement and endorsements.

 - Manifesto-final version.doc
======================================
David J. Teece, Director
Institute of Management, Innovation and Organization
F402 Haas School of Business #1930
University of California, Berkeley
Berkeley, CA  94720-1930
Phone:  (510) 642-1075
Fax:  (510) 642-2826
http://haas.berkeley.edu/~imio
======================================


[IMAGE]
 	 	    Dear Charlie,  It's official: Sen. Jim Jeffords is leaving the Republican Party and declares himself an Independent.  This move is going to have repercussions touching aspects in every area of legislation, and will undoubtedly affect the national energy policy.  We'll continue to update you on this situation from our Washington bureau.     Republicans and Democrats are nearing an agreement on the Electricity Emergency Relief Act.  Compromise language is being discussed behind closed doors, and members hope to resolve their differences when the markup continues Friday morning.   In a continuing effort to promote the Bush administration's energy plan, the Department of Energy Secretary Spencer Abraham is scheduled to travel to a nuclear power plant in Maryland on Friday.  Correspondent Peter Cook is scheduled to be along for the ride.  Tuesday, Peter brings us details of his trip to Maryland.    Also on Friday, I'm scheduled to speak with U.S. Chamber of Commerce Vice President of Energy Policy William Kovacs. He'll join us from Washington, D.C. to preview an energy meeting at the U.S. Chamber of Commerce where Vice President Dick Cheney will talk about the White House energy plan.  Catch my interview with Kovacs in the 11:00 a.m. ET newscast.     ENL's Gale Smith reports the Houston bureau is scheduled to give us an update from the ongoing story of 70,000 royalty owners who are filing a class action lawsuit against ExxonMobil.  The royalty owners allege Exxon unfairly determined the royalties they should receive from natural gas and natural gas liquids sales.  On Wednesday, a San Antonio U.S. District Judge certified the lawsuit filed by a Houston law firm.  Gale says the Houston bureau will bring you reactions from Exxon officials on Friday.     Dorothea El Mallakh, the Executive Director of the International Research Center for Energy and Economic Development is also scheduled to join us from our Houston bureau.  She says conservation is not synonymous with deprivation, and the current energy issue is not a problem with a quick solution.  We'll bring you more from Mallakh in the 10:00 a.m. ET newscast on Friday.   Keep in mind things are subject to change at a moment's notice.  Occasionally guests cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Keep it on energynewslive.com  for all your energy news.
 			[IMAGE]
	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap  video: (Windows Media Player required) Broadband  (100k)   |  Dial-up  (56k)  Get  Windows Media Player   Experience all that Williams Energy  News Live has to offer!   If you are receiving this letter for the first time and wish to continue,  subscribe now    To stop receiving this letter,   unsubscribe now     If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


Dear PIRA Client:

The following Current News & Analysis article has been published on PIRA's
website:

1)  Strong Dollar No Help To Oil Demand

Please go to http://www.pira.com

This article can be found in the Client section of PIRA's website.  You will
need a PIRA Online account in order to gain access.  For account information
please contact jgraziano@pira.com

Best regards,

PIRA Energy


-----Original Message-----
From: 	"Daborn, Robert" <robert.daborn@csfb.com>@ENRON [mailto:IMCEANOTES-+22Daborn+2C+20Robert+22+20+3Crobert+2Edaborn+40csfb+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, September 28, 2001 3:20 AM
To:	Heard, Marie; Hopley, Kimberly
Subject:	RE: Account for ECT Investments, Inc.

Marie / Kimberly,

Thankyou for the documentation you have provided in relation to ECT
Investments. We now have sufficient information to meet our regulatory
requirements and open an account in the name of ECT Investments.

I have advised our sales-desk of this and requested that they arrange for
the account to be opened. We may need to obtain / re-confirm settlement and
confirmation details. This will be done via usual business contacts.

Please do not hesitate to call me with any questions

Thanks & Regards

Rob Daborn
Legal & Compliance
CREDIT | FIRST
SUISSE | BOSTON

Tel: 44(0) 207 883 8359
Fax: 44(0) 207 888 4883
E Mail: Robert.Daborn@CSFB.com

-----Original Message-----
From: Heard, Marie [mailto:Marie.Heard@ENRON.com]
Sent: 24 September 2001 15:04
To: Robert.Daborn@csfb.com
Subject: Account for ECT Investments, Inc.

Mr. Daborn:

Would you please send me your delivery address so that I can send you
the documentation requested in connection with the opening of ECT
Investments' account with CSFB Europe?

Thank you!

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************

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.


Have a great evening--I'm out of here!

Alexandra Saler@EES
01/03/2001 09:46 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I know what you mean.  let's figure out when we both have some free time and
maybe we can go to a fun dinner and blow off some steam.

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I think my head spun, then exploded.  Ditto on the busy part!  Trying to get
Max and Chloe ready for their departure Friday, meeting with contractors, and
work.  OY.

Alexandra Saler@EES
01/02/2001 11:35 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

happy new year!  I hope that you are having a great day.  my head is
spinning....I have so much to do, I don't know where to start!


Attached is the draft.  Please review.  I left a question about the cash-out
index.  Please let me know what is appropriate.


Here is the latest version.  Please check your latest version and what you
have sent out recently to make sure everything fits.  Thanks
Ben


Hi Everyone,

There are still tickets available for the Wednesday, April 11 CEO Exchange
featuring Carly Fiorina  of HP and John Chambers of Cisco.   Tickets are
available in the EvMBA Office.  The event is scheduled to be held in
Zellerbach Hall and seating will  begin at 5:30 pm.

Cheers,
Diane


Dan;

Thanks for your note concerning the subject agreement.  I'm wondering if it
might be more straightforward if we just replace the affected sections of
the form of contract Enron previously provided. ( In preparing the suggested
changes I followed the structure (and headings) of that form.)   With
respect to "OTHER TERMS",  I suggest that the first three paragraphs in the
last version could be replaced.

The suggested changes are reproduced below for ease of reference and use.
Note that the final paragraph anticipates the insertion of a Contract Number
by Enron.

 Regards;

 Michael Kleiner
 Law Department

TIER OF GAS:  As specified in OTHER TERMS, below.
DCQ (IN MMBTUS):  An amount between 0 MMbtu per day and 20,000 MMbtu per
day, as specified in OTHER TERMS, below.
DELIVERY POINT:   The interconnect of ANR Pipeline Co. (Joliet) and Alliance
Pipeline Limited  ("Alliance") provided that Customer will use reasonable
efforts to arrange deliveries to alternate downstream pipelines as Company
may request in accordance with the procedures specified in OTHER TERMS,
below.
.........
OTHER TERMS:

In this Agreement, "Customer's AOS" shall mean Customer's right to utilize
Authorized Overrun Service on Alliance by virtue of that agreement between
Customer and Alliance providing Customer with 51.1 MMcf per day of Alliance
firm capacity, but does not include Customer's right to utilize Authorized
Overrun Service that is announced as available to Customer after 9:00 am
Mountain Time on the Nomination Day; and

"Gas Day" has the meaning given to that term in the U.S. tariff for Alliance
pipeline.

"Nomination Day" means the business day immediately preceding a particular
Gas Day.

On each Nomination Day, by  9:00 am Mountain Time  Customer will advise
Company by telephone or voice mail whether Customer will deliver and sell
gas hereunder on the next Gas Day and the amount to be delivered in MMBtus .
That amount shall be the DCQ for the next Gas Day, in all other
circumstances the DCQ will be zero.  The decision to sell and deliver gas
hereunder shall be within Customer's sole discretion, however, Customer
agrees that it shall not utilize Customer's AOS to deliver gas to a buyer in
Chicago except to Company pursuant to this Agreement, provided that Customer
may utilize Customer's AOS for operational purposes such as and including
balancing its Alliance account.

Once DCQ for the next Gas Day has been determined as provided in the
preceding paragraph such gas shall be considered to be Tier 3 Firm Gas and
the Force Majeure provision of the Enfolio Spot General Terms and Conditions
shall not apply to such deliveries.

By 9:45 am Mountain Time on each Nomination Day  that the DCQ for the next
Gas Day is not zero, Company shall advise Customer in writing or via e-mail
of the contract numbers, associated gas volumes, and alternate downstream
pipelines, if any,  where it wishes to have the DCQ allocated on the next
Gas Day. If Company fails to provide such advice in respect of the entire
DCQ  by 9:45 am,  Company will be conclusively deemed to have allocated the
entire DCQ to Contract No. ______________.   Promptly thereafter, Customer
will place a nomination with Alliance in accordance with such allocation.

 -----Original Message-----
 From: Dan.J.Hyvl@enron.com [SMTP:Dan.J.Hyvl@enron.com]
 Sent: Monday, February 12, 2001 7:43 AM
 To: Kleiner, Michael
 Cc: Grant.Oh@enron.com
 Subject: RE:Enron/Crestar AOS purchase and sale agreement

 Michael,
      Grant Oh of the Calgary office seems to be okay with your
requested
 modification of the interrruptible spot confirm.  As such, please
prepare
 an amendment document to add your language as an Appendix to the
terms of
 the spot confirm, have it signed and forward to Grant Oh and myself
for
 approval.  Thereafter we will have it signed and by Enron and will
return a
 fully executed copy to you.

                     Grant Oh

                                          To:     Dan J
Hyvl/HOU/ECT@ECT
                     02/12/2001           cc:     Barry
Tycholiz/NA/Enron@ENRON
                     07:33 AM             Subject:
RE:Enron/Crestar AOS purchase and
                                          sale agreement(Document
link: Dan J Hyvl)

 Dan, Bruce Kohrs of Keyspan left me a message this weekend with
respect to
 the schedule 'A' that they would like attached.  Assuming that the
central
 desk has agreed to the contents of schedule 'A' - and they have been
 involved in drafting this document - I don't see a lot of commercial
risk,
 especially given the lack of 'damages' in the event of any defaults
to
 schedule 'A'.  My understanding was that we would all work together
on a
 reasonable efforts basis to allow gas to flow daily.  They contents
of
 schedule 'A' and its true enforceability does not seem to really
change the
 spirit of the agreement.
 If they are really adamant about including the schedule 'A', and the
 central desk has reviewed and expressly agreed to its contents, then
I
 would not object to including the schedule 'A' as part of the
contract.

 Grant

 Dan J Hyvl
 02/02/2001 11:56 AM

 To:   Grant Oh/CAL/ECT@ECT
 cc:
 Subject:  RE:Enron/Crestar AOS purchase and sale agreement

 Grant,
      Now they want us to consider it.
 ----- Forwarded by Dan J Hyvl/HOU/ECT on 02/02/2001 11:55 AM -----

             "Kleiner, Michael"

             <Michael.Kleiner@Crestar-Energy.co        To:
"'Dan.J.Hyvl@enron.com'"
             m>
<Dan.J.Hyvl@enron.com>
                                                       cc:
"Kohrs, Bruce" <Bruce_Kohrs@gulf.ca>
             02/02/2001 11:22 AM                       Subject:
RE:Enron/Crestar AOS purchase and
                                                      sale agreement

 Attn: Mr. Dan J. Hvyl

 We are wondering if you received our fax of January 30, 2001 and if
so
 whether you have had an opportunity to consider it.

 Gulf Canada Resources Limited

 Per: Michael Kleiner,  Law Department
 (403) 233-3330


This meeting will be held in EB3749 on Monday September 11, 2000 at 4PM.

Thanks, Clem


They won't go away.
Westport feels that they need the agreement amended.
Therefore, I have prepared the attached for your review.

Let me know what you think.

Mike


what - you can't tell me this over the phone - so you have to write a chicken
shit e-mail. what's that about?

Shanna Husser@ENRON
03/10/2000 01:53 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

OK- that is it- you either best be in a DAMN good mood by the time you get to
my place-   OR  I don't know- I'm going to be pissed.  I want to enjoy our
time together- not fight about you being crabby.  You didn't warn me that you
were so moody- you ARE like a woman.  And try not to be such a big mouth from
here on out.  You make me feel like I can't tell you what I really think- b/c
it will get back to Tim (in other words- all the FIJIS)- I hope that you
aren't naive enough to think that isn't how it works with them.

SH


Elizabeth will be in.  Also, Linda Trevino will be in the office.  All
contracts are in Envision as well as in the file room on 39.

If you need me to be there, just let me know.

Rick
----- Original Message -----
From: "Corman, Shelley" <Shelley.Corman@ENRON.com>
To: <rick.dietz@kingwoodcable.com>
Sent: Sunday, October 28, 2001 9:18 PM
Subject: Re: Out of Office - Monday morning

Rick
I have a number of contracts that the bankers want early tomorrow. I am
assuming Elizabeth will be in to help me?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


WHAT WE KNOW:

1. Purchased by Edison Mission Energy in March 1999 for 1.8 billion from GPU and NGE Generation.

2. Total generation capacity = 1,884 MW (3 coal fired turbines)

3. One of the largest and lowest cost sources of power in the Mid-Atlantic

4. Only major coal-fired facility in region with direct high voltage access to both NYPP and PJM

5. Company has stated plans to invest 200 million to upgrade plants, pollution controls, and life extension

6. Issued approximately 1.1 billion in bonds in August 2000.  (8.56% 2016, 8.3% 2009)


I think that we could put together a pretty close estimation.  When you say
tenor, do you also want to try to estimate the balancing account as well or
use the SDG&E estimates?  Also, what is your time frame?

TTT

	James D Steffes@EES
	09/06/2000 08:01 AM

		 To: thane twiggs, jeff dasovich, harry kingerski
		 cc:
		 Subject: Solution for SDG&E

Thane --

We now have enough information for the wholesale deal into SDG&E.  What I
want is to mimic the legislation for R, Small C, and Street Lighting.  Can
you put together the tenor and rates so we can match?

Jim

---------------------- Forwarded by James D Steffes/HOU/EES on 09/06/2000
07:58 AM ---------------------------
From: Chris H Foster@ECT on 09/05/2000 11:58 AM PDT
To: James D Steffes/HOU/EES@EES
cc: Jeff Dasovich/SFO/EES@EES
Subject: Price Update for SDG&E

Jeff

I found it
---------------------- Forwarded by Chris H Foster/HOU/ECT on 09/05/2000
11:59 AM ---------------------------
From: Chris H Foster on 09/05/2000 11:53 AM
To: Jeff Dasovich/SFO/EES@EES, David Parquet/SF/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT
Subject: Price Update for SDG&E

The RFP provided for our updating prices by noon today.  Here is what I sent
out just a few minutes ago.  We don't know if they are going to disqualify us
because we are not keeping our prices open, but we are trying to stay in the
game.  (Jeff:  please forward tthis to Jim Steffes with a copy to me.  I
can't find him in the Enron Corp. e-mail.)

C


FYI.

Jim

 -----Original Message-----
From: 	"PennFuture" <pennfuture@pennfuture.org>@ENRON [mailto:IMCEANOTES-+22PennFuture+22+20+3Cpennfuture+40pennfuture+2Eorg+3E+40ENRON@ENRON.com]
Sent:	Wednesday, September 26, 2001 2:52 PM
To:	Friends of PennFuture
Subject:	PennFuture's E-Cubed - Straight to the Source

PennFuture's E-cubed is a commentary biweekly email publication concerning the current themes and trends in the energy market.
---------------------------------
September 26, 2001
Vol. 3, No. 18

Straight to the Source

Last year when PECO Energy and Unicom merged to form Exelon it was big news. Importantly, the merger settlement provided $32 million to fund the development of renewable energy in Pennsylvania.

This year, the company's wholesale trading and marketing unit, Power Team, presented renewable energy advocates with a big surprise - signing long-term contracts to purchase the output of three new wind farms in Pennsylvania. These contracts were not required as part of the merger settlement, and are not included in the $32 million earmarked for renewable energy funding.

Now a key force in renewable energy development in the East, the Power Team contracts are essential to bringing 78 MW of generation online from these new wind farms, two of which will be operational next month. The 15 MW Mill Run wind farm is scheduled to being operation next week, and the 9 MW Somerset wind farm is scheduled to begin commercial operation the following week.

Mike Freeman, the Power Team trader who made the burgeoning wind energy business in Pennsylvania possible, gave us some insight into Exelon's renewable energy commitment as well as how wind energy can be integrated into America's power grids.
---------------------------------
What's in Power Team's renewable portfolio?
We have 525 MW of hydro that is not pumped storage, 150 MW of wind, 100 MW of landfill methane, 35 MW of Municipal Solid Waste, 20 MW of wood waste, and 16 MW of scrap tires.

All of the wind is Green-e certifiable as "new" resources. All of the landfill methane is qualified under Green-e, but only 10 MW is new generation. Of the hydro, all of the generation is in larger projects that have been or are eligible for certification under the low-impact hydro standards. The MSW and tire projects are not qualified under Green-e, but the biomass plant is.

Why is Power Team developing a renewable portfolio?
There were two principal reasons: a perceived demand for renewable energy products in the wholesale marketplace, and a desire to diversify our portfolio from the perspectives of fuel, emissions, and cost.

Was there internal resistance or other issues to overcome?
I think the initial reaction was that renewable projects would be a very minor sidelight to our overall business. I don't think many people paid attention to the implications of renewable portfolio standards or external corporate mandates for renewable purchases. Part of the hands-off approach was due to, I believe, a sense that renewable products only meant the re-packaging of existing generation, not changing the power system in any way.

Over time I think many people got comfortable with the idea that the creation of products potentially could initiate new projects that would change the power system. For me that's the most important part of our participation - to help encourage new development. I also think that management began to get comfortable with the idea that renewable energy products could be profitable, and that demand for these products could be sustaining.

Will this encourage new development?
Generators get a creditworthy counter-party that is not only willing to buy all of the energy at the generator location, but is also willing to talk about additional new projects. Over time, other market intermediaries such as power marketers and retail suppliers may become interested in doing the same. If this chain of events occurs, I think we may even see renewable credits traded over the counter, just like other energy products now.

How do renewables fit into Power Team's overall business strategy?
We are a growth company and are constantly in search of ways to sensibly increase our overall generating portfolio. So bringing on new renewable generation into our supply mix really is part of that overall strategy. More specifically, we believe there is sustainable demand for renewable energy, not only because of mandates such as renewable portfolio standards, but also because of natural demand. The average person may not think of it this way, but in supporting the idea of paying a premium for renewable energy I think that people implicitly are accepting the notion that renewable energy is an essential component of how we as a country intend to manage our future energy requirements.

Why Wind?
There's no question that the momentum for wind projects began to build as a result of the PECO restructuring and merger settlements, under which PECO provided funds for new wind projects. A second reason is that the forward electric markets began a steep upward climb beginning in 1998, and especially the off-peak power market beginning in 2000 and continuing into this year. A third reason was the rapid increase in electric demand in the last five years, and a realization that we need to develop a wide-ranging set of answers to meeting the demand, including supply-side and demand-side solutions. We felt that wind generation could play a role on the supply side while meeting what seems to be a growing demand for renewable sources.

What are the primary financial considerations for a wind deal?
The first is probably the need for a long-term contract. Wind generators typically want to enter into fixed-price, long-term agreements to make it easier and cheaper to borrow money and to provide a stable revenue source over a long period. We don't have a problem with long-term deals per se, although we do want to emphasize diversity in our contracting as well. We don't want to hold multiple long-term agreements and nothing else.

In my discussions with generators so far, there has been some flexibility on contract length. In fact, our willingness to enter into a long-term contract is perhaps the key ingredient to getting a wind project financed and built. Beyond the long-term contract, the wind developers want to do business with a creditworthy company that has an investment-grade rating. Exelon Generation is rated A- by S&P so we are a natural counter-party for project financing. Right now, there are not very many long term buyers out there with the kind of credit-worthiness that we have.

Will that always will be the case?
No. If we're right about long-lasting demand, I think other large companies, including distribution companies, will participate in the purchase of energy from these projects. We've teamed up with a retail marketer, Community Energy, to stimulate demand and market wind energy in ways that will move companies to buy it. In the development of conventional generation, it is not always necessary to enter into 20-year agreements for a project to get built. For example, a developer may want to hedge off a portion of the output on a long-term basis but will be willing to sell the rest of the output for shorter periods. And in some cases, the financing source may be comfortable with a shorter-term agreement for the whole thing.

Is there a financial advantage for wind?
If one's view is that the future value of energy is higher than the present value, a generation source with no fuel risk obviously is good to have. Wind has one key advantage over other resources - perpetual availability without any fuel costs or price volatility. This helps mitigate the other risks that wind does present.

It is of course difficult to predict what will happen even in the near term. But I am a believer in broad trends or cycles that are relatively easier to project, outside of significant advances in technology. Over a long period of time, 15 or 20 years, I think the probability of fixed-price wind energy riding out the low cycles while providing a greater amount of benefits in the high cycles is higher than the opposite.

I do believe that the demand for wind generation will be sustained at a moderate premium over generic electricity prices for the next 15 to 20 years.

Is it difficult to integrate wind into your portfolio?
With conventional generation and firm transmission paths, a power marketing entity such as Power Team can bring its resources to the highest markets, whether they are hourly, daily, monthly, or longer. Such transactions are supported by a complex communications network that notifies transmission providers of the timing, amount and ultimate sink of expected output.

The contracts that we enter into on conventional generators depend to a great extent on economic structures that ensure as much as possible that the generator will fulfill our dispatch schedule as close to 100% of the time as possible, so we can avoid the punitive imbalance fees that transmission providers impose when delivered energy doesn't match scheduled energy. The approach we take on wind generation must be quite different, because wind plants provide intermittent output that is difficult to predict within reasonable boundaries of accuracy.

I think the serious wind developers know we are serious about incorporating wind energy into our portfolio. We're one of the biggest physical movers of power in the country and have a significant amount of assets - that must count for something in terms of our ability to more easily integrate a 50 MW wind project into our overall mix.

How does intermittent generation add complexity?
A wind farm generates electricity when the wind blows, not when you flip the switch on. It takes a lot more than I expected to accommodate intermittency, even for an experienced organization like ours, because the transmission system and the operational rules and procedures were not developed with wind generation in mind. You don't have the ability to give transmission providers real-time information for purposes of regulating the system between supply and demand.

In PJM, where generators can offer increments of generation on a day-ahead or real-time basis, and receive (or pay) market-clearing prices depending on actual generation, wind energy can be offered into the system in one of several different ways without experiencing significant imbalance penalties. An obstacle, and we're working with PJM on this right now, is that PJM as the transmission provider typically requires no shorter than 20-minute notice when self-scheduled or must-run generators expect to produce electricity or expect to stop producing electricity. For purposes of regulating the system, PJM then has the ability to tell the self-scheduled generator to go ahead and generate, or to hold off until the energy is needed as a result of the real-time balance of supply and demand.

This will not be practical with wind generation. We'd literally have to assign a trader to the task of monitoring highly suspect expected output from our wind plants and then calling PJM every hour to determine what to do. In the must-run scenario, we'd still have to notify PJM of expected output so PJM can regulate the system with other generators. Either way, we'd have to predict output, which is a dicey
proposition.

Does that make wind generation unreliable?
Not at all. We've got excellent modeling to predict the output from wind generation over a longer period of time, such as a full year. Those predictions underlie our contracts. But it's another thing to tell the wind when to blow. The wind energy industry is working on this from the perspective of improved wind forecasting and a more automated approach than what I've described. In PJM, a 54,000 MW system, this may not seem to be a problem when there is only about 25 MW of wind generation in the system right now, but PJM wants to institute market rules that will be appropriate for a larger amount of wind generation when it arrives. A certain magnitude of wind generation will cause PJM to change the way it now regulates the system.

The complexity cannot be underestimated and we will be part of the solution.

How can scheduling and other rules  better accommodate intermittent resources like wind?
An alternative is for the transmission provider to model the output from a wind plant as "negative" load instead of generation. Which is to say, when the plant is generating electricity, the system load will be reduced by the amount the plant is generating. When the plant is not generating, the load will increase. A tradeoff of that approach is that load typically pays ancillary services expenses such as regulation and spinning reserve. In this unique circumstance, which of the ancillary services apply to negative load, and at what level? We're working with PJM on these questions.

I'm uncertain whether a significant amount of so-called negative load will require any kind of real-time notice to the transmission provider. Of course the transmission systems are operated to react to the unpredictability of load, and one can view the unpredictability of wind generation in the same way. Other countries, and the western U.S. transmission systems, have figured out how to handle large amounts of wind generation, and so can we.

Are you working on other approaches?
Another possibility is to dynamically schedule the output from a wind plant that is situated in a control area without a real-time energy market, to a control area that does have such a market. The output signal from the plant would be available to the transmission provider in the second control area on an automated basis.  The output then becomes part of available supply from moment to moment. However, notice requirements would not be sidestepped with this approach.

Will PJM resolve these problems?
Yes. PJM is progressive and innovative, and has indicated to us that they are willing to work with us to find solutions to the scheduling/imbalance issue. It's hard now because we're breaking new ground. I expect that it will be much easier for the next projects developed.

How big might your renewable portfolio get? Will you keep signing more contracts for new projects?
As long as we continue to see demand for renewable energy, we'll continue to look at projects where there are energy markets whose long-term forward economics support the purchase of energy. I'd like to aggregate a significant amount of wind generation in a single market, such as PJM, to be able to provide PJM with a more diversified supply curve - with multiple projects it may be possible to smooth the output.

We need to do business with companies that have the financing and the organizational will to get these projects completed. We are looking to form relationships with companies that we can build on. If we execute a contract successfully, we'd like to apply the same concepts to additional projects with the same company. Examples of that are Atlantic Renewable Energy Corp. and National Wind Power.

What are some key developments to make the industry grow faster?
We need technological efficiencies to drive down the cost of the equipment, standardized approaches to the transmission of wind generation, financial innovations to allow more risk-sharing, and hybrid approaches such as wind and energy storage.

Perhaps most importantly, we need consumers to buy the wind energy!

---------------------------------
E-cubed is available for reprint in newspapers and other publications. Authors are available for print or broadcast.

PennFuture (www.pennfuture.org), with offices in Harrisburg, Philadelphia and Pittsburgh, is a statewide public interest membership organization, which advances policies to protect and improve the state's environment and economy. PennFuture's activities include litigating cases before regulatory bodies and in local, state and federal courts, advocating and advancing legislative action on a state and federal level, public education and assisting citizens in public advocacy.

To unsubscribe, simply reply to this email with "unsubscribe" in the subject.

 - vol3no18_92601.doc


Due to some adjustments to the 1/31 DPR I am sending the three referenced day's DPR's.  I apologize for any inconvenience.

Please let me know if you have any questions.

Thanks,

Chris Abel
Manager, Risk Controls
Global Risk Operations
chris.abel@enron.com <mailto:chris.abel@enron.com>
713.853.3102


Mike

The number of trades doesn't seem to match between your presentation and the
spreadsheet data.  The spreadsheet shows 17 power trades this year and your
presentation shows almost that many every month.  Same comment for the gas
side.


Sheryl, sorry, I had the wrong email address.  Here is the resend.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 08/29/2000 04:06
PM ---------------------------

Mailer-Daemon@bracepatt.com on 08/29/2000 04:02:42 PM
To: Michelle.Cash@enron.com
cc:
Subject: Message status - undeliverable

The message that you sent was undeliverable to the following:
 cgussett@bracepatt.com (user not found)

Possibly truncated original message follows:

Received: from mcafee.bracepatt.com by bracepatt.com; Tue, 29 Aug 2000
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From: "Michelle Cash" <Michelle.Cash@enron.com>
To: "Debbie Rank" <rank@mdjlaw.com>, ekroger@bracepatt.com,
esholeen@bracepatt.com, "Michelle Blaine" <Michelle.Blaine@enron.com>,
cgussett@bracepatt.com, msymonds@bracepatt.com, iblanco@bracepatt.com,
kgstith@littler.com, dscofield@velaw.com
Message-ID: <8625694A.007359C5.00@notes.ect.enron.com>
Date: Tue, 29 Aug 2000 15:59:58 -0500
Subject: "No Excuse" Girls Night
Mime-Version: 1.0
Content-type: text/plain; charset=us-ascii
Content-Disposition: inline

Hello everyone!!

Well, no one is celebrating anything specific, so we haven't had an
opportunity
for the girls to get together in a while.  Therefore, we have decided to have
a
NO Excuses Girls Night.

The proposed date is Friday, Sept. 29 -- Are there any major conflicts with
this
date?

Proposed place is to be determined.  Debbie Rank suggested that a restaurant
would be the easiest.  I offered to have it at my house, but she was concerned
that I would get stuck doing too much and spending too much.  My thought is
that
if everyone agrees to chip in a bit, we can have it catered, and no one will


;
;

 To date we have received 125 comments via the pep system.; These can be
generally grouped into three categories:
Philosophical issues with PRC(see below for additional detail), technical
system/process issues (which Help desk responds to immediately) and issues
which HR needs to address such as incorrect source data, etc (which we refer
directly to the appropriate HR rep).; In addition we received a lot of
positive comments about the improved system and the interface, as well as
several very useful suggestions for improving the system at year-end (details
below).

 Philosophical issues (28 comments):

 ?;;;;;; Perceived unfairness of the process especially as regards Preferred
Distribution-to harsh, unfair
?;;;;;; PRC too frequent (reduce from 2,x a year to only once a year
?;;;;;; Perception that PRC meetings are popularity contests and are
ineffective in judging our talent
?;;;;;; Disclosure of ratings should be mandatory across all categories
?;;;;;; Process inhibits/destroys teamwork
?;;;;;; Unsolicited feedback should not be permitted since it provides an
opportunity to exact revenge or intentionally sabotage an employee, without
permitting that employee to defend himself.;;;;

 Useful suggestions for improvements:

 ?;;;;;; Notify employee if supervisor amends reviewer list
?;;;;;; Implement two separate deadlines for PEP, one for selecting reviewers
and one for completing feedback
?;;;;;; Implement a formal grievance process to appeal PRC ratings
?;;;;;; Add &subordinate8 to the drop down list which asks for your
relationship to the employee being reviewed.
?;;;;;; Brief newly hired employees more thoroughly; on the PEP/PRC Process
(perhaps in newcomer orientation)
?;;;;;; Increase number of reviewers an employee may select to maximum of 10
(vice seven).
?;;;;;; In self evaluation add section for employee to outline his/her
professional goals and objectives.
;
;


Kelley Ellis 3-3239


How is the project coming along?  No rush, just wanted to check in.

Thanks,
Mike
 -----Original Message-----
From: 	Grigsby, Mike
Sent:	Tuesday, September 25, 2001 2:55 PM
To:	Agarwalla, Dipak
Subject:	FW: Palo alto historical usage consolidation

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Tuesday, September 25, 2001 2:54 PM
To:	Grigsby, Mike
Subject:	Palo alto historical usage consolidation

Mike,

Attached are Palo Alto's historical loads, which have been verified with Palo Alto.  If you would like to see a different format, let me know.

Thanks,

Kim


The report named: West Power Position <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=29&report_name=West+Power+Position&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=10/25/2001>, published as of 10/25/2001 is now available for viewing on the website.


Folks,

Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses.  As Steve mentioned in his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue.  Please let me know if you have any
question!

Best regards,

 Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady,  NY 12345  USA
Phone 8*235-7602       (518) 385 7602
Fax     8*235 5466        (518) 385 5466
Mobile 518 369 9538

 - MajorClausesGE01.doc


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Please   note that this message was sent to the  following e-mail address:
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in

From:  Bryan Hull
03/06/2001 10:47 AM

To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver
Plachy/NA/Enron@Enron, reagan.mathews@enron.com, Timothy Blanchard/HOU/EES@EES
cc:
Subject: Game Tomorrow

I'm not sure what time the game is tomorrow, I think 7, but unfortunately
ya'll will have to do w/o me.  I know it will be tough making up for my 4 pts
and 2 reb per game, but I think you will survive.  We play Hiemstra's team,
and he said they are terrible, so good luck.  Let me know if you will be able
to play, and if we're short I'll try and find a sub.


Please check your records and let me know if you have any kind of documentation evidencing a merger indicating that Mercator Energy Incorporated merged with and into Energy West Incorporated?

I am unable to find anything to substantiate this information.

Thanks for your help.

Georgi Landau
Enron Net Works
(Ph) 713/345-4435
(Fx)  713/646-2495


See you at 2:30 Thursday.

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Wednesday, January 16, 2002 1:06 PM
To:	Lokey, Teb
Subject:	RE: PGS Segmenting Alternate Pt. Priorities

How about 2:30?  I'll come to you if that time is okay.

 -----Original Message-----
From: 	Lokey, Teb
Sent:	Wednesday, January 16, 2002 10:14 AM
To:	Corman, Shelley
Subject:	RE: PGS Segmenting Alternate Pt. Priorities

How about tomorrow sometime?

 -----Original Appointment-----
From: 	Corman, Shelley
Sent:	Wednesday, January 16, 2002 10:13 AM
To:	Lokey, Teb
Subject:	Declined: PGS Segmenting Alternate Pt. Priorities
When:	Friday, January 18, 2002 9:30 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where:	EB39C1

Sorry Teb but I have an appointment with the Sinus Dr.  Can we visit in advance of your meeting?


We don't have fees on the BUY side of an EES sleeve - this particular deal is
the sale side. Unfortunately, Matt had scribbled something next to this deal
that looked like "no bro" which usually indicates no fee, but it was actually
".015 bro." Anyway, that's probably more information than you
needed.....sorry!

Kate

Kerri Thompson@ENRON
02/12/2001 02:26 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: broker fee

i believe you are correct it is .015...  but, we had 0 in the system.  and i
also thought we did not have fees on ees deals.

   Kate Symes @ ECT                02/12/2001 04:11 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: broker fee

Just changed it - Matt's book had a .015 fee in it, so I changed it to that.
Does Natsource agree?

Kerri Thompson@ENRON
02/12/2001 02:15 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: broker fee

515365 broker has .01, we have 0 fee

thanks


Here is a followup to the memo sent on 12/31/99.  FYI

Enron Field Services   -  Has not been nominated since September 99.  Have we
stopped doing business on this pipe?  (Just an FYI - ?)  Do we need to get
this assigned?  I can find old
   notes and try to get this pathed if necessary.  Someone just needs to let
me know. Unresolved - appears to be unassigned?

Lavaca Expense Transport -  This is offsystem gas that HPLC Transports for
ENA.  ENA has no nom at meter 1000 in Pops for Jan 1. Unresolved

MidCon Texas Pipeline   -  There were deals left unpathed for Jan 1 (and
Dec?).  I brokered and nominated the obvious but we seem to have 10,000 with
transport contract to move this    gas on and no sale to broker to.  As it
stands, it looks like we have a long position.  Who is this assigned to?  I
thought Carlos was handling this one, but I could    be wrong.  Unresolved

Channel Industries Pipeline  -  Several issues here:

 1. All Deals with the exception of the long term Transport Expense were left
unpathed for Jan 1.  I viewed prior month transactions and pathed
appropriately.  Someone
  needs to review for accuracy. Also, there were deals that went to zero,
that were nominated for January.  Resolved but needs to be verified.

 2. We still do not have enough supply to meet our sales requirement.  This
issue has been left unsresolved since October 99.  Volume Management cannot
allocate was is
  not pathed and nominated.  Unresolved or Unpathed?

 3. There is a transaction for January that is once again not on our point
specific transport contracts.  (Rec Mtr 1-6366 10,000 to Del Mtr 2-6203
10,000).  This is a pathed pipeline. We have no rate.  We need to know the
rate and whether one of the expense contracts needs to be amended for this
transaction, we are not legally covered.  Carlos was handling this pipe in
Dec.  Who is this assigned to for Jan? Unresolved

HPL Operational -  This Shipper on HPL has been left unpathed for December
and January 1.  Who is this assigned to?  This can wait until we get back
next week.  If it is left     unresolved, I will get it pathed when I return.
I haven't had time to do this yet.  If we haven't figured out the assignement
then I will get to it asap.


David,

The business model you outline is actually the one we are implementing with
one big difference - the Head Trader in London (Sam Hainsworth) calls the
sales person each day to tell him what to do before they speak to any
customers. As you point out, these conversations are recorded so if the sales
person does anything other than what is agreed at the outset of each day,
then they will be red carded.

I refer you back to the memo supplementing the updated list of authorised
traders that I sent out and which Marcelo and Sam have discussed with
Commercial staff in both these offices (Shona and Bjorn have this memo), as
well as Marcelo's operational plan.

Clarification point - when Andy says "internally" he means that Commercial
(Rob Soeldner) is taking a lead in resolving Joe Robertson's concerns.

Regards,
Tim

From:  David Port @ ENRON
        09/11/2000 13:52

To: Andrew Cornfield/LON/ECT@ECT
cc: Bjorn Hagelmann/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Ted
Murphy/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Mike Jordan/LON/ECT@ECT,
Robert Soeldner/LON/ECT@ECT, Tim Poullain-Patterson/LON/ECT@ECT, Lloyd
Fleming/LON/ECT@ECT

Subject: Re: Authorised Traders : Montreal & Chicago

How about this for a business model for an origination and trading outfit.

salesperson talks to customer
customer agrees to trade
salesperson phones trading desk and gets price (trading desk is London or NY
- NB: all lines are taped)
salesperson tell customer
customers says ok
salesperson says "done" to customer and trading desk
trading desk books deal, middle and back office processes kicks in, sends out
and chases up confirm etc
accounting process identifies value added by salesperson and gives them a
piece of the price as a credit
no bank accounts or signing authority in sales office
no accountants, middle office people or other similar humans in the sales
office, just sales people
all hedging and risk taking resident in trading books in NY or London

Can we not make this work ?
DP

To: Bjorn Hagelmann/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Shona
Wilson/NA/Enron@Enron, David Port/Market Risk/Corp/Enron@ENRON, Mike
Jordan/LON/ECT@ECT, Robert Soeldner/LON/ECT@ECT, Tim
Poullain-Patterson/LON/ECT@ECT

Subject: Re: Authorised Traders : Montreal & Chicago

Bjorn

As discussed, given Joe's comments below, a note to confirm that this being
dealt with internally.

Rob Soeldner has made it clear to Joe that:

Enron places great importance on trading controls. These are non-negotiatable.
The suggested course of action is not an option
We aren't seeking to close any of the Agency offices given implemetation of
these controls.

Joe is not in yet - Rob will be discussing with him further when the US gets
in.

Of note - Joe is on the commercial side,  Marcelo Parra who is responsible
for the operational side is fully onboard for the operational changes made.

Regards
Andy

---------------------- Forwarded by Andrew Cornfield/LON/ECT on 09/11/2000
11:07 ---------------------------

Joe Robertson@MGUSA
08/11/2000 20:38
To: Tim Poullain-Patterson/LON/ECT@ECT
cc: Andrew Cornfield/LON/ECT@ECT, Lloyd Fleming/LON/ECT@ECT, Marcelo
Parra/NYC/MGUSA@MGUSA, Michael Farmer/EU/Enron@ENRON@ECT, Naomi
Connell/LON/ECT@ECT, Robert Soeldner/LON/ECT@ECT, Sam
Hainsworth/EU/Enron@Enron@ECT

Subject: Re: Authorized Traders : Montreal & Chicago

As a practical matter the procedures outlined are not workable. We need to
find a way to go forward that works and can satisfy all concerned.

Either the people in these offices can be entrusted to transact and execute
business or we should consider closing these offices and relocating some of
the people which I do not believe makes any sense at all.

Joseph E. Robertson, Jr.
Enron Metals & Commodity Corp.
520 Madison Avenue
28th Floor
New York, NY 10022
Tel: 212.715.5254
Fax: 212.715-2357
E-mail: joe.robertson@enron.com


I have released the Boston Gas capacity on Tennessee, contract 29667, and Iroquois, contract 1250-08, to Boston Gas, non-recallable, subject to bid (per Boston Gas's request), for Feb 1st for one month only.

Other transport notes;

To serve the Lilco deal, we need supply on Texas Eastern, Tennessee, and Transco.

Texas Eastern is trying to decide how to handle the cash out exposure.  There is no commodity expense on the type of agreement I am requesting but there is the possibility of cash out.  I think the exposure to Texas Eastern is minimal and it could be that Texas Eastern just wants to be difficult to work with.

We can still flow gas on our Tennessee pooling contract.

We need an IT contract on Transco.  Transco requires a prepayment or a letter of credit using the following formula, MDQ x 90 days x max it rate from Zone 1 to Zone 6 ($.5169).  I believe the Lilco volume on Transco is about 21,000 dth/day.  Therefore, we would need to give Transco a letter of credit for about $977,000.00.

I also believe that we could do a buy/sale on Transco and Texas Eastern and bypass the pooling process.

Donna, Victor,
I like to keep scheduling informed of all activity on my pipes.  I plan on copying Ruth, Kathy, Maria, and Kim on my emails.  Who should I include from scheduling?

Thanks


How's everything going?  Did you finish on time?


The Payment status has changed on the following report:

Status last changed by:  System
Expense Report Name: RS102601
Report Total: $4,407.80
Amount Due Employee: $4,407.80
Amount Approved: $4,407.80
Amount Paid: $0.00
Approval Status: Approved
Payment Status: Processed

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


don't know about the relationship with dave,  you'll have to work on that one.

i will talk to stan, but i can't believe he has any interest in developing
power plants anywhere.

Portland General did just get a dash approved for building about 45 mw in
oregon.  Stan Horton called me about it, and he was going to have someone in
Portland (i'll remember the name in a minute)  call tim belden about our
fundamental analysis of the region.
Stan also mentioned the there is an unregulated side of PGE that is enterring
into these transactions.  He wondered if that part of PGE should belong in
EWS.  Talk to tim and we'll decide how to approach that next week.

From: John J Lavorato/ENRON@enronXgate on 06/05/2001 10:14 AM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: FW: Enron Everywhere

Fun Fun Fun

 -----Original Message-----
From:  Calger, Christopher F.
Sent: Wednesday, May 30, 2001 11:20 AM
To: Lavorato, John
Subject: Enron Everywhere

John,

I hate to whine, but...

EES:
Duran and I talked with Delainey yesterday.  It seems as though we are
setting up one centralized trading/risk function but we will have overlapping
origination functions.  I am sure I can work with whatever arrangement you
make with Dave, but it seems as though we will be tripping over each other in
the market.  Industrial coverage seems easy, but they want to call on IOU's
and Munis in order to buy customers.  These are fundamentally large,
structured short positions that are very similar to what we have been and are
pitching.

Transport/Operations:
Eric Gadd came back from London and reports to Stan Horton.  He heads up an
Asset Development group that is focusing on, among other things, power plant
development in the southwest.  This sounds crazy - do you want to call Stan
or should I?

Portland General:
They are developing generation in Oregon that is competing with one of our
projects.  No one in RAC has heard of this yet.  Not a big deal, I will call
Peggy Fowler, but thought you should be aware.

Regards,

Chris


The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=12/14/2001>, published as of 12/14/2001 is now available for viewing on the website.


Teresa,

Thanks.

Vince

Teresa Bien @ ENRON   05/16/2000 11:56 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Re: S. Tamarchenko

Thanks for the note Vince!

I will get with Tanya first thing tomorrow morning to go over details on her
daughter's hire.   Swamped this afternoon!  THX


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Wednesday, November  28, 2001
                                                                                (Trade Date of Tuesday, November  27, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $20.50	         $18.00	         $18.45	-    .12	          55,200
Comed	         $17.25	         $16.75	         $16.96	+    .96	           4,800
Entergy	         $18.00	         $17.00	         $17.33	-    .35	          12,800
Nepool	         $27.75	         $27.00	         $27.47	+    .25	          12,000
Palo Verde	         $29.50	         $27.75	         $28.80	+   6.35	           5,600
PJM-West	         $23.25	         $22.80	         $22.96	+   1.24	          50,400
SP-15	         $32.50	         $29.50	         $31.13	+   6.94	           6,400
TVA	         $20.00	         $17.00	         $18.04	+    .29	           7,200

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.
You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.
To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com .
To unsubscribe from this service, click here unsubscribe .
                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Rick,

While in Tokyo, Sanjay grabbed Jeff and me regarding redoing and re-looking
at the existing LNG fuel deals for Dabhol.  The bottom line is that he
believes that the government may have issues on actually performing post
phase 2 and if we could redo the LNG contracts and allow more flexibility we
could help them, thus help ourselves.  We need to look into this and I would
like your initial opinion.  This is complex to say the least and it would
involve using the ship differently than scheduled and diverting some of the
Oman LNG to other markets with their approval.  He believes that there is
some flexibility in the shipping and Oman contracts to address these issues.
If it works we could create a long physical condition and an extra ship for
transport.  Is there an opportunity here if all the cards fall into place?

Lets discuss when I am in Dubai.  Sanjay is not going to let it go so you
need to think about who can look into this further.

Mike


Lisa,

The previous draft of the notice just mentioned the assignment and assumption
agreement, so I went generic with closing docs.  Happy to list them
individually, however.  I live off of lists.

Kay

Lisa Bills
01/03/2001 02:17 PM
To: Kay Mann/Corp/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rebecca
Walker/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron, Catherine
Clark/HOU/ECT@ECT, Roseann Engeldorf/Corp/Enron@ENRON, Roger
Ondreko/HOU/ECT@ECT

Subject: Re: CA Development I and II notice of exercise of purchase option

Kay, in your letter you mention that a draft of the purchase agreement would
follow.  You will need to provide the execution copies of the Purchase Option
Assignment and Assumption Agreement and the Bill of Sale.  These should be
noted in the Notice Letter.

As the letter is dated the 5th and I promised the bank the package of
documents today for review (the release letter from the manufacturers being
the one which will have the most comments), any e.t.a.?

Thanks, Lisa

Kay Mann
01/03/2001 08:28 AM
To: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rebecca
Walker/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron
cc: Catherine Clark/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Roseann
Engeldorf/Corp/Enron@ENRON

Subject: CA Development I and II notice of exercise of purchase option

I am attaching a revised draft notice of intent to exercise the purchase
option for the equipment for the CA transactions. We need two separate
notices - one for CA I and one for CA II.  Ben/Fred/Rebecca, could you please
prepare a draft of the two exhibits?

Lisa/Catherine/Rose, I revised the form of notice to make it track the
participation agreement and the development and construction management
agreement.

I've tentatively dated the notice as of this Friday.  By my calculations,
Monday is our drop dead date since a waiver of the 5 day period is not an
option, and the deal dies if not closed by the 15th.

Ben mentioned that I should be drafting a "release letter" for the banks
and/or DevCo. It would be a big help if someone could point me to the section
in the documents which set forth the requirements of the release, since I'm
still wading through it all and haven't found the relevant language yet.
Also, please advise of the results of the conference call which you had with
the lenders (?) and/or their lawyers regarding the issue.

I am working on the assignment and assumption agreement.

Thanks,

Kay


Did you have any doubt that the best logistics school is  Wharton?  (I think
they call it transportation sciences, no really).  I'll call up there this
morn and get back with you....

Daniel Reck
10/12/2000 06:56 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Wharton

I spoke with Geoff Pollock (Stacey Rosen's cousin) who is the logistics mgr
at Frigidaire.  He's helping me identify candidates for the transportation
group.  He said that the best Logistics school is Wharton.  Can you help me
get into their placement office.  Do they have alumni job boards?

Thanks,

Dan


Start Date: 10/13/01; HourAhead hour: 18;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101318.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/13/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_YELLOW
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/13/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_YELLOW
  ENGY_TYPE: WHEEL


hey lisa....

what's the scoop with tasters tonight....time and location?

i think i'll try to come, even if it's just for a quick drink with the gang.

see you soon,
susan


Thanks. jeff


PICK A RESTAURANT FOR THIS MAKE SURE IT HAS A PRIVATE ROOM.
 -----Original Message-----
From: 	Buckley, Karen
Sent:	Wednesday, October 03, 2001 5:04 PM
To:	Lavorato, John
Subject:	FW: Restaurants

John, Interested in any of the below for your TT dinner ?

Thanks,karen.

Mark's
1658 Westheimer   (subject to numbers have to have at least 30 people here!.).

Morton's of Chicago
5000 Westheimer, ste. 190
across from the Galleria

Ruth Chris Steakhouse
6213 Richmond Ave.
Nominated:  Best Steak - 2000!

Canyon Cafe
Galleria Area


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		9/6/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


what is the band making all that racket outside my office and why?

Shirley S. Elliott

Citibank, N.A. - Global Energy & Mining
Two Allen Center
1200 Smith Street, Suite 2000
Houston, Texas 77002

Tel:  (713) 654-2868
Fax:  (713) 654-2849


I sm preparing to open up a bidding activity for the subject Pipeline which
is approximately four miles of 12" pipe under account # 3224.  The nbv is
$18,901.

I have dusted off my list of salvage bidders and under separate cover will
publish these seeking additions or deletions from any of you who care to
contribute.  ;I am assuming that this pipe is not viably operating and would
appreciate any information in this regard if I am incorrect.

As for now, I would like a sample Purchase and Sale Agreement and a
Confidentiality Agreement that I may use with my solicitations.  This would
include some type of alignment sheet depicting the pipe and its legal
description, etc.  You are all seasoned in knowing what level of data I need
at this stage of the offer.

I already have at least one interested party in this and would like to move
forward as soon as possible to get this on the table for bids.  I would
appreciate receiving the necessary materials by October 31, or information of
how I can contribute to this activity.  Also, please let me know if there is
someone else I should copy on this.

Thank you in advance for your assistance in this endeavor.


-----Original Message-----
From: 	Hilgert, Chris
Sent:	Wednesday, May 02, 2001 11:33 AM
To:	Mrha, Jean
Subject:	Project Seabreeze-Mike Bilberry
Importance:	High

Jean,

I talked with Mike last night and I think that it would be beneficial if you sat down and talked with him about his expectations and try and get him an answer on his situation by the end of this week.  He will be in this afternoon and will be available to talk with you.  He has re-confirmed his faith you in that you will be able to go to bat appropriately for him and has avoided pushing it very much until now.  He is looking for an answer by the end of this week if at all possible.  I know that we cannot tie his compensation to future business that he may bring in through deals with AEP.  However, I strongly believe that taking care of him properly at this point in time will bear significant fruit for our P&L through 2001.  This may or may not be my place to transmit this to you, but I felt it was appropriate as I believe it will have a real impact to our business.  I have developed a strong commercial relationship with Mike and plan on continuing it after he leaves Enron as he will be a good source for getting my group into deals.  Mike has been a strong commercial resource for Enron over time, particularly in light of the fact that he has put his future role at AEP on hold to get this deal done. He clearly has been an unselfish, integral commercial resource create significant value for Enron on a very difficult, complex deal.

Nonetheless, I would talk to him this afternoon and try to get him taken care of this week to close the loop appropriately.  I am preparing a closing celebration plan for your review later today.

Thanks,
Chris


Heather:

My recommendation is that we "tighten up" tax  language in the ENA - Virginia
Electric and Power Company ("VEPCO") Power Purchase & Sale Agreement.  Below
please find my recommendations.  Please note that the New Tax burden is upon
VEPCO.  This is in keeping with our standard power contracts.

- Matt
x33979

1) Replace the "Tax" definition with the following:

"Taxes"  means any or all ad valorem, property, occupation, severance,
generation, first use, conservation, Btu or energy, transmission, utility,
gross receipts, privilege, sales, use, consumption, excise, lease,
transaction, and other taxes, governmental charges, licenses, fees, permits
and assessment, or increases therein, other than taxes based on net income or
net worth.

2) Insert definition for "New Taxes":

"New Taxes"  means (i) any Taxes enacted and effective after the Effective
Date, including, without limitation, that portion of any Taxes or New Taxes
that constitutes an increase, or (ii) any law, order, rule or regulation, or
interpretation thereof, enacted and effective after the Effective Date
resulting in the application of any Taxes to a new or different class of
parties or transactions.

3) Replace Sec. 11.2 with the following:

Applicable Taxes  The Contract Price shall include full reimbursement for,
and Seller is liable for and shall pay, or cause to be paid, or reimburse
Buyer if Buyer has paid, all Taxes applicable to a Transaction arising prior
to the Delivery Point. If Buyer is required to remit such Tax, the amount
shall be deducted from any sums due to Seller.  Seller shall indemnify,
defend and hold harmless Buyer from any Claims for such Taxes.  The Contract
Price does not include reimbursement for, and Buyer is liable for and shall
pay, cause to be paid, or reimburse Seller if Seller has paid, all Taxes
applicable to a Transaction arising at and from the Delivery Point, including
any Taxes imposed or collected by a taxing authority with jurisdiction over
Buyer.  Buyer shall indemnify, defend and hold harmless Seller from any
Claims for such Taxes. Either Party, upon written request of the other, shall
provide a certificate of exemption or other reasonably satisfactory evidence
of exemption if either Party is exempt from taxes, and shall use reasonable
efforts to obtain and cooperate with obtaining any exemption from or
reduction of any Tax.  Each Party shall use reasonable efforts to administer
this Agreement and implement the provisions in accordance with the intent to
minimize Taxes.  Buyer shall be responsible for all New Taxes.


Based on the facts set forth below, I agree.  Jim Derrick

 -----Original Message-----
From: 	Astramowicz, Jarek
Sent:	Tuesday, October 23, 2001 2:18 AM
To:	Glowacki, Jacek; Jarek Astramowicz/WAR/ECT@ENRON; Overfield, Adam; Edgley, Anne; Cattigan, Ed; Dybowski, Jarek; Derrick Jr., James; Shaw, Eric
Subject:	RE: Car

We should definitely take the pay-out.

Jarek

 -----Original Message-----
From: 	Glowacki, Jacek
Sent:	22 October 2001 14:20
To:	Jarek Astramowicz/WAR/ECT@ENRON; Overfield, Adam; Edgley, Anne; Cattigan, Ed; Dybowski, Jarek; Derrick Jr., James; Shaw, Eric
Subject:	RE: Car

The car was bought on Jan. 18, 2001for 152 500 PLN.
The car was stolen on May 2001 and PZU compensation paid  on Oct. 2001 will be 131 500 PLN
The market value on Oct 2001 is 95 000PLN

jacek
---------------------- Forwarded by Jacek Glowacki/EU/Enron on 22/10/2001 15:15 ---------------------------
From:	Jarek Astramowicz/Enron@EUEnronXGate on 19/10/2001 15:18 GDT
To:	Renata Maziarz/EU/Enron@ENRON, Adam Overfield/Enron@EUEnronXGate, Anne Edgley/Enron@EUEnronXGate, Ed Cattigan/Enron@EUEnronXGate, Jaroslaw Dybowski/Enron@EUEnronXGate, James Derrick/ENRON@enronXgate, Eric Shaw/ENRON@EUEnronXGate
cc:	Jacek Glowacki/EU/Enron@ENRON, George Lojko/EU/Enron@ENRON

Subject:	RE: Car

what is the amount of the compensation PZU is to pay ENS vs the market value vs the insured amount ?

 -----Original Message-----
From: 	Maziarz, Renata
Sent:	19 October 2001 14:05
To:	Overfield, Adam; Edgley, Anne; Cattigan, Ed; Astramowicz, Jarek; Dybowski, Jarek; Derrick Jr., James; Shaw, Eric
Cc:	Glowacki, Jacek; Lojko, George
Subject:	Car

Dear All,

With reference to Art 14.2 (11) of the Articles of Association the Management Board wishes to ask the Supervisory Board for written consent to assign the rights of ownership of motor vehicle Alfa Romeo (reg - RLE 400) to the insurers PZU to enable them to pay compensation to ENS for the theft of the vehicle. Should the vehicle now be found, the property rights to the vehicle will reside with PZU.

Management Board
Elektrocieplownia Nowa Sarzyna


Can you talk late this afternoon?
In connection with the "trading issue", have you taken a look at the services
agreement ?


Title: Lone Star: The Texas Market Launch Is a Pivotal Point for Retail Energy Competition
URL(s):

http://www20.cera.com/eprofile?u=35&m=2764;

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

MARKET LAUNCH IN JANUARY 2002 COULD MAKE OR BREAK THE MOVEMENT TOWARD RETAIL
COMPETITION

The much-anticipated opening of the Texas market--one of the largest in the
country--is on track for January 1, 2002. There are great expectations that
this comprehensive and unique restructuring model, combined with favorable
market conditions, will produce a viable retail market. As a result, Texas
could be the lone star in what has been otherwise a largely disappointing
market space.

* Market fundamentals should support retail competition as Texas moves into a
supply surplus, providing an opportunity for competitive suppliers to earn a
margin.

* Large customer load will switch to competitive suppliers well ahead of small
customer load.

* Regardless of its success, the Texas retail market will have significant
short-term and long-term effects on retail markets nationwide.

**end**

Follow above URL for complete CERA Private Report.

E-mail Category: Private Report
CERA Knowledge Area(s): Retail Energy

***********************************************************************
***********************************************************************
CERA's Autumn 2001 Roundtable event dates and agendas
are now available at http://www20.cera.com/event
***********************************************************************

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in whole or in part, is strictly prohibited.
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Copyright 2001. Cambridge Energy Research Associates


David Minns has joined ECT Legal as Senior Legal Counsel for the Enron
Australia office in Sydney. He previously was Senior Counsel with Woodside
Petroleum Limited in Perth, Western Australia where he primarily focused on
transactions involving oil & gas transactions, and financial derivatives. For
Enron Australia, he will be focusing on the legal aspects of the commodity
trading and marketing transactions (e.g., gas, power, coal, and  financial
derivatives) arising out of the Australia office. He will be a member of the
Emerging Markets Group reporting to Alan Aronowitz.  David's phone number is
011-612-9229-2310 and fax number is 011-612-9229-2350.


Most, if not all of you, have now received the Outlook migration CD.; You
will need to schedule your migration with &Deborah Kelly @ 713-853-42698. She
will get you scheduled.
;
The plan is to begin the week of July 9.; If you are traveling, or are taking
a vacation during this week you may schedule a time that works for you.; We
should have the whole Outlook migration for Public Affairs complete by Monday
the 16th.;
;
Let me know if you have questions or comments.
;
Thanks
;
______________________________
Earlene O'Connell;;;;;;;;
Enron Corp.
Public Affairs
earlene.o'connell@enron.com
713-853-7870
;


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.

 - spa.pdf
 - pda.pdf


Start Date: 12/18/01; HourAhead hour: 1;  HourAhead schedule download failed. Manual intervention required.


Hi  Mark

Can you please respond to EOTT attorney Molly Sample. We need to determine
the corporaten structure that we are going to use before we can proceed
further. Thanks.

Savita
---------------------- Forwarded by Savita Puthigai/NA/Enron on 08/15/2000
11:29 AM ---------------------------

Charles_Uus@eott.com on 08/15/2000 11:28:12 AM
To: savita.puthigai@enron.com
cc:

Subject: Lawyers

Savita,

According to Molly Sample (my attorney) Mark Taylor still has not gotten
back to her.

It looks like we are still stuck.

Charles