Calif Senate Committee Pushes Enron Contempt Cite Forward
Dow Jones Energy Service, 07/11/01

Enron Sues To Block Calif From Forcing Document Release
Dow Jones Energy Service, 07/11/01

Enron Corp. sues to block Senate from forcing document release
Associated Press Newswires, 07/11/01

USA: Enron sues Calif. to block subpoena in price probe.
Reuters English News Service, 07/11/01

Enron Sues California Senate; Panel Urges Contempt (Update2)
Bloomberg, 07/11/01

CSU, UC reach tentative agreement with Enron to deliver electricity
Associated Press Newswires, 07/11/01

Indian state orders probe into Enron's power dispute with government
Associated Press Newswires, 07/11/01

Enron's Lay keen on speedy solution to Dabhol Power issue
AFX News, 07/11/01

Enron Won't Rule Out Sale of Dabhol Gas Unit, Spokesman Says
Bloomberg, 07/11/01

Calif Senate Committee Pushes Enron Contempt Cite Forward

07/11/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- A California Senate committee Wednesday voted to
forward to the full Senate a contempt charge against Enron Corp (ENE) becuase
the company refuses to provide certain financial documents for an
investigation into wholesale power prices in the state.
If Enron is deemed to be in contempt by the full Senate, the legislators will
vote on punishments that could include fines against the company or
incarceration for company executives.
"When Enron decides it is so important to keep its information private, I can
only assume there is much more there to find than I can imagine," said Sen.
Steve Peace, D-El Cajon, a member of the Senate Select Committee to
Investigate Market Manipulation.
Enron filed a lawsuit Tuesday to stop the Senate's subpoena of financial
records, saying the documents were outside of California's jurisdiction.
The company is also likely to legally contest the contempt charge, an Enron
attorney said during Wednesday's hearings.

The market manipulation committee will forward its contempt report to the
full Senate by early next week, at the earliest, said Sen. Joe Dunn, D-Santa
Ana, chair of the committee.
If at any point between now and then Enron decides to comply with the
committee's requests, the contempt charge will be dropped, Dunn said.
The committee also voted not to recommend a contempt charge for Mirant Corp
(MIR), which agreed to provide financial documents Wednesday morning shortly
before the hearing.
The documents sought by Dunn's committee include information on bidding and
pricing behavior in the state's electricity markets. The committee originally
was poised to cite eight electricity generators for contempt, but all except
Enron have since agreed to provide the requested information.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872;
jessica.berthold@dowjones.com

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

Enron Sues To Block Calif From Forcing Document Release

07/11/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

SACRAMENTO (AP)--Enron Corp. (ENE) is suing California officials to stop a
Senate subpoena of its financial records in a dispute over alleged
overcharges for its electricity sales to California.
"They've sent two things to Texas - our money and these documents, and they
saying we can't get either one back," said Laurence Drivon, special legal
counsel to the California Senate Select Committee to Investigate Market
Manipulation.
The suit came hours before the committee will consider asking the full Senate
to cite the Houston-based company for contempt Wednesday. The other subject
of possible sanctions, Atlanta-based Mirant Inc., appears to be cooperating,
Drivon said.
Committee chairman Joe Dunn, a Santa Ana Democrat, said the committee's
investigation will continue despite Enron's "pure act of intimidation. We're
not going to back down."
Enron's suit said the company's financial papers are outside the committee's
jurisdiction because most of its operations and paperwork are outside
California.
That shouldn't matter, Drivon said, citing last year's successful of
out-of-state documents during the investigation into the activities of former
Insurance Commissioner Chuck Quackenbush. Previous investigations have
included documents subpoenaed from other nations, he said.
Companies doing business in California cannot claim immunity from its laws or
oversight, Drivon and Dunn said. Houston-based Reliant Energy made the same
argument but then agreed to turn over 1,800 documents.

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

Enron Corp. sues to block Senate from forcing document release
By DON THOMPSON
Associated Press Writer

07/11/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SACRAMENTO (AP) - Enron Corp. is suing state officials to stop a Senate
subpoena of its financial records in a dispute over alleged overcharges for
its electricity sales to California.
"They've sent two things to Texas - our money and these documents, and
they're saying we can't get either one back," said Laurence Drivon, special
legal counsel to the Senate Select Committee to Investigate Market
Manipulation.
The suit came hours before the committee will consider asking the full Senate
to cite the Houston-based company for contempt Wednesday. The other subject
of possible sanctions, Atlanta-based Mirant Inc., is cooperating, Drivon
said.
Mirant spokesman Pat Dorinson said the company has turned over 159,000 pages
of documents that were being transferred to a repository in Sacramento to
comply with the subpoena.
The company and the committee reached an agreement last night on the
confidentiality concerns, Dorinson said.
Committee chairman Joe Dunn, a Santa Ana Democrat, said the committee's
investigation will continue despite Enron's "pure act of intimidation. We're
not going to back down."
Enron's suit, filed in Sacramento Superior Court, said the company's
financial papers are outside the committee's jurisdiction because most of its
operations and paperwork are outside California.
That shouldn't matter, Drivon said, citing last year's successful subpoena of
out-of-state documents during the investigation into the activities of former
Insurance Commissioner Chuck Quackenbush. Previous investigations have
included documents subpoenaed from other nations, he said.
Companies doing business in California cannot claim immunity from its laws or
oversight, Drivon and Dunn said. Houston-based Reliant Energy made the same
argument but then agreed to turn over 1,800 documents.
Enron's suit also says Dunn's committee has not given the company a fair
hearing, and the committee has not followed due-process protections before
seeking sanctions.
Not so, said Dunn and Drivon, adding that they negotiated with generators to
give them time to comply with the subpoenas. Proof of that, they said, comes
in the decision to give Williams, AES, Reliant, Dynegy, Duke and NRG an extra
week past Tuesday's deadline to turn over documents subpoenaed last month.
In a letter to Dunn, Steven J. Kean, an Enron executive vice president, said
several municipal districts were profiting from the power crisis. "Yet,
remarkably, the committee has inexplicably chosen not to include these market
participants in its investigations."
Enron officials are concerned the purpose of the investigation, Kean said, is
to "create a convenient political scapegoat to shoulder the blame for
California's policy mistakes and changes in market fundamentals."
However, Enron has agreed to turn over some "non-confidential" documents at
the Wednesday hearing, Kean said.
The committee is on the verge of asking the full Senate to impose sanctions
for the first time since 1929, when the Senate briefly jailed a reluctant
witness during a committee investigation of price fixing and price gouging
allegations involving cement sales to the state.
There are no set penalties, Drivon said - by law, "the Senate can take such
action as it deems necessary and appropriate."
Enron is one of the world's leading electricity, natural gas and
communications companies, with $101 billion in revenues in 2000. It owns
30,000 miles of pipeline, has 20,000 employees and is active in 40 countries.
During the first quarter of this year, Enron's revenues increased 281 percent
to $50.1 billion.
It is well connected politically. It has supported both President Bush and
his father, President George H.W. Bush.
Last month the firm was a corporate sponsor at a congressional fund-raiser
featuring the president, where contributors in tuxedos and gowns dined and
drank around a giant gold "W" that reached to the rafters at the Washington
Convention Center ballroom.
Enron has also been tied to President Bush's approach to the energy crisis.
Company chairman Kenneth Lay is a friend and one of the largest campaign
contributors to Bush and the GOP. Several prominent members of the Bush
administration hold stock in the company.
The company is one of several major GOP donors accused of meeting secretly
with Vice President Dick Cheney as he drafted the Bush administration's
energy plan.
----
On the Net:
http://www.enron.com

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

USA: Enron sues Calif. to block subpoena in price probe.

07/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

SACRAMENTO, Calif., July 11 (Reuters) - Energy giant Enron Corp. filed a
lawsuit on Wednesday against a California legislative committee investigating
it for possible price gouging in the state's volatile power market.
The Senate Select Committee, leading the probe, last month found Enron and
fellow energy merchant Mirant Corp. in contempt for refusing to hand over
papers documenting their wholesale power sales.
"Today Enron has filed suit against the Select Committee seeking to have an
impartial neutral court determine Enron's rights and obligations under the
Select Committee subpoena," Enron said in a statement after filing its suit
in Sacramento Superior Court.
While agreeing to provide "certain information and documents sought in the
Committee's subpoena", the Houston-based company again refused to hand over
confidential business documents.
Enron argued the committee has no legal jurisdiction over wholesale
electricity prices, which are regulated by the Federal Energy Regulatory
Committee (FERC), and that the committee's proceedings violate the company's
legal rights.
The company also questioned whether the committee's actions "are designed to
uncover the facts underlying the price spikes in California's...power market,
or to create a convenient political scapegoat to shoulder the blame for
California's policy mistakes and changes in market fundamentals."
Enron's tough stand against the committee's subpoena prompted a contempt
ruling on June 28, the first time in 72 years California has cited a company
for contempt.
Enron's lawsuit landed while the committee was gathered to vote on whether
the contempt ruling should be reported to the full state senate, which has
the power to slap sanctions on the company and can even fine or imprison its
officers.
In addition to Enron and Mirant, state officials have accused Reliant Energy
Inc. , Duke Energy Corp. , Williams Cos. , and Dynegy Inc. of overcharging
California power agencies and utilities some $8.9 billion for wholesale
electricity over the past 14 months.
Power prices in the state soared tenfold over the past year, prompting
warnings from California Governor Gray Davis that the state is on track to
spend $46 billion for electricity this year compared with $7 billion in 1999.
Davis has blasted FERC commissioners for failing to ensure just and
reasonable power prices in California and threatened to take the matter to
federal court unless it is awarded refunds for the full $8.9 billion at
stake.
Independent energy merchants have blamed the price spike on the state's
poorly designed electricity deregulation law and a failure to build enough
power plants to meet the growing needs of its residents and industries.

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

Enron Sues California Senate; Panel Urges Contempt (Update2)
2001-07-11 17:26 (New York)

Enron Sues California Senate; Panel Urges Contempt (Update2)

     (Adds committee vote in 2nd paragraph, lawmaker comment in
7th paragraph.)

     Sacramento, California, July 11 (Bloomberg) -- Enron Corp.,
the world's largest energy trader, sued a California state Senate
committee to quash a subpoena for internal documents, accusing the
panel of trying to blame the company for the state's power woes.
     The Senate panel responded by voting for a second time to
recommend the full state Senate hold Enron in contempt and impose
fines or other punishments if the company refuses to turn over the
documents. The vote was 6-0.
     Enron is fighting a committee subpoena issued last month
demanding thousands of pages of documents relating to the
company's energy trading in California. The panel is probing
whether generators manipulated the power market. Soaring wholesale
prices last year left utilities unable to buy power, and the state
began purchasing energy on their behalf.
     ``It is exceedingly difficult to discern whether the
committee's actions are designed to uncover the facts underlying
the price spikes in California's wholesale market, or to create a
convenient political scapegoat,'' Enron Executive Vice President
Steven Kean wrote in a letter to the committee.
     The full Senate won't receive the committee's recommendation
until next week, giving Enron time to turn over the documents,
said Committee Chairman Senator Joseph Dunn, a Democrat.
     ``The next move is now up to Enron,'' Dunn said.

                         The Lawsuit

     Enron's suit claims that federal regulators have sole
jurisdiction over wholesale energy trading and that the Senate
subpoena is too broad, according to a copy of the suit released by
Enron. Enron also accused the committee of singling it out for
blame when dozens of companies sold power to the state.
     The Senate Select Committee to Investigate Price Manipulation
in the Wholesale Energy Market voted last month to hold Enron
Corp. and Mirant Corp. in contempt after they refused to turn over
documents the committee was seeking. The committee gave the
companies until today to comply.
     Mirant has already turned over 160,000 pages of documents,
said Larry Drivon, special counsel to the committee. The committee
voted to nullify the contempt charge against the company.
      California claims energy generators and traders overcharged
the state by $8.9 billion. Talks ordered by the Federal Energy
Regulatory Commission to settle those allegations broke down
earlier this week without an agreement.
     Energy generators and traders had offered California a total
of $716 million in refunds.
     FERC Administrative Law Judge Curtis Wagner asked federal
regulators to determine appropriate refunds, if any.
     California Governor Gray Davis said that if the state isn't
awarded the full $8.9 billion in refunds, it would file suit
against the energy companies.
     ``If you think California is going to settle for $1 billion
in refunds, we will see you in court,'' Davis said yesterday.

CSU, UC reach tentative agreement with Enron to deliver electricity
By CHELSEA J. CARTER
Associated Press Writer

07/11/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LONG BEACH, Calif. (AP) - California's two public university systems have
reached a tentative settlement with Enron Energy Systems Inc. to buy cheap
power, bringing to an end a federal lawsuit accusing the Houston company of
wanting to sell the electricity at a higher cost.
Enron has tentatively agreed to extend its contract with California State
University and the University of California for two years, Chancellor Charles
B. Reed told CSU's board of trustees Wednesday.
The agreement means the university systems will continue receiving
electricity directly from Enron rather than from Southern California Edison
and Pacific Gas & Electric.
"The agreement means considerable savings for the universities and allows us
to continue with our energy conservation efforts," said Richard West, CSU's
executive vice chancellor and chief financial officer.
In a prepared statement, Enron confirmed the tentative agreement.
"Enron has always been a strong advocate of the benefits of direct access,
and we are pleased to be able to extend our contract for two years with
UC/CSU," said Marty Sunde, vice chairman of Enron Energy Services, said in a
written statement.
Although a tentative agreement has been reached, West said the university
systems were continuing to negotiate price and other terms of the contract
extension. The agreement is expected to be finalized by December.
Executives of Enron were attempting to get out of delivering power for the
final year of a four-year deal with CSU and UC. Enron, which buys power from
producers and sells it on the market, said the contract would cost the energy
company $12 million a month because of skyrocketing wholesale power prices.
Enron said the state should free it from its obligation and taxpayers should
pick up the tab.
The state argued the company wanted to increase its profit.
A federal judge ordered Enron to continue supplying power to the two
university systems in April. Enron appealed the ruling to the 9th U.S.
Circuit Court of Appeals in San Francisco.
UC's annual electric bill is about $87 million and its natural gas bill is
about $26 million. CSU annually pays about $40 million for electricity and
$20 million for natural gas.

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

Indian state orders probe into Enron's power dispute with government
By KUMUDINI SALYANKAR
Associated Press Writer

07/11/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

BOMBAY, India (AP) - An Indian state ordered an investigation Wednesday into
a dispute between the state's utility company and U.S. power supplier Enron
Corp. over the purchase of electricity, news reports said.
A judge will investigate various aspects of the agreement between a
subsidiary of Enron and the Maharashtra State Electricity Board, Press Trust
of India quoted state Chief Minister Vilasrao Deshmukh as saying. He said the
terms of the probe would be decided within a month.
Hours earlier, Enron Corp. Chairman Kenneth Lay said he was hopeful of a
solution to the dispute, in which Enron accuses the state-run power utility
of defaulting on payments. The utility denies that it defaulted and accuses
Dabhol Power Company, Enron's Indian unit, of charging exorbitant prices.
Indian politicians have called for renegotiating the 1995 purchase agreement.
Federal and Maharashtra state officials are holding talks with Enron and the
state utility to resolve the dispute.
"I am hopeful there will be some solution to the problem," Lay told reporters
after meeting political leaders in Bombay at the end of his three-day stay in
India.
"The federal government has a very large role to play," said Lay. "The
government listened to my points but it's not for me to say what they will
decide."
He said he met lenders, government officials and political leaders in New
Delhi, India's capital, and Bombay.
Enron in mid-May issued a notice to the state utility, warning it to stop
defaulting on payments and threatening to halt work on a new dlrs 3 billion
power plant, the biggest-ever foreign investment in India.
The utility countered by demanding that Enron offset overdue December and
January bills of dlrs 48 million with a dlrs 85.31 million fine it levied on
the power company for not being able to supply power when required.
The second phase of Enron's liquefied natural gas power plant was scheduled
for completion at the end of the year at Dabhol, 335 kilometers (210 miles)
south of Bombay.
"The whole idea is to resolve the problem," Lay said. "It's a very large
project and the country badly needs power. Once the LNG project comes up,
power will be much cheaper."
(str/rtb, nnm/lak-ss)

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

Enron's Lay keen on speedy solution to Dabhol Power issue

07/11/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

BOMBAY (AFX) - Enron Corp chairman Kenneth Lay said he is keen for a speedy
solution to the ongoing challenges surrounding the Dabhol power project.
Enron, Maharashtra State Electricity Board, General Electric Co and Bechtel
are the joint venture partners in Dabhol Power Co Ltd, which is setting up
the power project in Maharashtra.
Media reports indicate that Lay is in India to discuss various options for
the project, including a possible takeover of Dabhol Power by the government.
Lay said: "I did not want to leave the country this time without reaffirming
my interest in and support for India. I hope that we will be able to find a
resolution to this problem that allows us all to move forward."
The project faced hurdles due to MSEB's inability to pay dues for power
purchased from Dabhol Power.
The state government has also asked for a reduction in the tariff on power
sold by Dabhol Power.
jd/jkm/
For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

Enron Won't Rule Out Sale of Dabhol Gas Unit, Spokesman Says
2001-07-11 15:48 (New York)

Enron Won't Rule Out Sale of Dabhol Gas Unit, Spokesman Says

     Houston, July 11 (Bloomberg) -- Enron Corp., which is seeking
a way to resolve a dispute over a $3 billion Indian power project,
hasn't ruled out selling its liquefied natural gas operations
there to government-owned Gas Authority of India Ltd., spokesman
John Ambler said.
     Enron is building liquefied gas facilities to process fuel
for Dabhol Power Co., the Enron unit that owns the power project
in Maharashtra state. Enron and the Indian government have
discussed a sale of the gas facilities, the Business Standard
newspaper reported on its Web site, citing unidentified people.
The report followed a visit to India by Enron Chairman Kenneth
Lay, who has been holding talks with officials in New Delhi.
     ``In the discussions we had with the central government, a
whole range of possibilities was discussed,'' Ambler said. ``We're
definitely not on any kind of single track.''
     The Business Standard report also said the government and Lay
discussed the possibility of India's National Thermal Power Corp.
taking over Dabhol. India National Thermal would get a 16 billion
rupee ($339 million) tax break because it's a local company,
allowing it to sell power at lower rates, the paper said.
      Enron owns 65 percent of Dabhol Power, India's largest
private foreign investment. The utility and its sole customer, the
state-owned Maharashtra State Electricity Board, are in the midst
of a 7-month-old dispute over 3 billion rupees ($64 million) in
unpaid bills by the board, and the price Dabhol charges for power.
     The gas terminal is part of a $2 billion expansion of the
Dabhol plant. Some contractors, saying they haven't been paid
since April, halted work on the power plant. Construction of
liquefied gas facilities wasn't affected because another crew is
handling that work.
     The Dabhol plant now burns naphtha, a chemical refined from
crude oil. Switching to natural gas will lower power prices,
Ambler said. High prices are the crux of the Maharashtra board's
dispute with the utility. The board says Dabhol charges more than
double the rates of other Indian generators.
     Dabhol has long-term liquefied gas contracts totaling 2
million metric tons a year with Oman Liquefied Natural Gas Co.,
Oman's state owned gas company, and Abu Dhabi Gas Liquefaction
Ltd., a unit of state-owned Abu Dhabi National Oil Co. of the
United Arab Emirates.
     In a statement issued as he was leaving India today, Lay said
Enron had been ``involved in a range of meetings with political
leaders, government officials, business leaders and other
interested parties'' designed to resolve the Dabhol dispute.
     General Electric Co. and private construction company Bechtel
Group are partners in the Dabhol project, which is being financed
by loans backed the U.S. and Japanese governments, as well as
Indian lenders, Lay said. Forty ``of the world's top
corporations'' are involved in the project, he said.
     Shares of Houston-based Enron fell 22 cents to $49 in late
trading.


I hear your deal blew up.  What happened?

ckm


Per

Give me a call in January on this.

John

P.S.  Happy Holidays.


I would like a view - could you talk to S&C too.
Thanks
Louise
---------------------- Forwarded by Louise Kitchen/LON/ECT on 15/11/99 19:04
---------------------------
From: Bryan Seyfried on 12/11/99 17:54
To: Joe Gold/LON/ECT@ECT, Louise Kitchen/LON/ECT@ECT, Richard
Lewis/LON/ECT@ECT, Jonathan Whitehead/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT
cc:

Subject: E Credit Trading

When you get a chance, have a quick read.  John got approval on Wednesday
from Skilling and Whalley to move forward quickly.  We have committed to
quoting on 200 reference credits, in 6 countries using Enron Online by 15
Jan.   As we intend to quote two-way prices on your biggest customers, in
addition to everyone else, I want to make sure that we evaluate all of the
implications.

 Pls. let me know your thoughts.

bryan


FYI.  Thanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 05/29/2001 09:48 AM ---------------------------

	  From:  Dennis Lee                           05/29/2001 08:48 AM

To:	William Aldinger/FGT/Enron@ENRON, Karen Clapper/FGT/Enron@ENRON, Marion Collins/FGT/Enron@ENRON, Galen Coon/FGT/Enron@ENRON, James Cramer/FGT/Enron@ENRON, Jack Howard/FGT/Enron@ENRON, Laura Giambrone/FGT/Enron@ENRON, Lynda Laferla/FGT/Enron@ENRON, Hilda Lindley/FGT/Enron@ENRON, Mary Phillips/FGT/Enron@ENRON, Jean Adams/ET&S/Enron@ENRON, Nancy Bastida/FGT/Enron@ENRON, Robert Benningfield/ET&S/Enron@ENRON, Larry Berger/ET&S/Enron@ENRON, Jean Blair/ET&S/Enron@ENRON, Lynn Blair/ET&S/Enron@ENRON, Michael Bodnar/ET&S/Enron@ENRON, kbrosta@enron.com, elizabeth.brown@enron.com, Randy Bryan/ET&S/Enron@ENRON, John Buchanan/ET&S/Enron@ENRON, Nancy Callans/ET&S/Enron@ENRON, James Carr/ET&S/Enron@ENRON, Alma Carrillo/ET&S/Enron@ENRON, zuela.carter@enron.com, Ted Chavez/GPGFIN/Enron@ENRON, Paul Cherry/GPGFIN/Enron@ENRON, Shelley Corman/ET&S/Enron, Leonard Daily/ET&S/Enron@ENRON, Larry Davis/ET&S/Enron@ENRON, Tangie Dykes/ET&S/Enron@ENRON, dale eldridge, Jodie Floyd/ET&S/Enron@ENRON, Sherry Forbish/ET&S/Enron@ENRON, Ava Garcia/ET&S/Enron@Enron, Chris Greaney/ET&S/Enron@ENRON, HotTap Helpdesk/ET&S/Enron@ENRON, Randy Janzen/ET&S/Enron@ENRON, Debra Scurlock/ET&S/Enron@ENRON, Dennis Lee/ET&S/Enron@ENRON, Joe Linhart/ET&S/Enron@ENRON, MaryAnn Locknar/ET&S/Enron@ENRON, Janet McDaniel/ET&S/Enron@ENRON, Christine McEvoy/ET&S/Enron@Enron, Tracy Minter/ET&S/Enron@Enron, Katherine Perry/ET&S/Enron@ENRON, Diana Porter/ET&S/Enron@ENRON, Sandy Sheffield/GPGFIN/Enron@ENRON, psteele@enron.com, Kathy Sturr/ET&S/Enron@ENRON, Linda Trevino/ET&S/Enron@ENRON, Lisa Valley/ET&S/Enron, Shirley Walden/ET&S/Enron@ENRON, Kathy Washington/ET&S/Enron@ENRON, Jerry Wilkens/ET&S/Enron@ENRON, Harry Woodson/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enron@ENRON, Lynn Blair/ET&S/Enron@ENRON, Alma Carrillo/ET&S/Enron@ENRON, Dale Eldridge, Albert Hernandez/ET&S/Enron@ENRON, HotTap Helpdesk/ET&S/Enron@ENRON, Terry Kowalke/ET&S/Enron@ENRON, Dennis Lee/ET&S/Enron@ENRON, Beverly Miller/ET&S/Enron@ENRON, Amy Mulligan/ET&S/Enron@ENRON, Cynthia Rivers/ET&S/Enron@ENRON, Sandy Sheffield/GPGFIN/Enron@ENRON, Linda Ward/ET&S/Enron@ENRON
cc:

Subject:	Shipper Lists

Please let me know if there are any changes.

DL


I am sure he thinks he is!

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


I have a PSA which needs to be made 97-10/TurboPark compliant.  Could you
work on it?  I'll bring it around.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/26/2001 04:09
PM ---------------------------

Barton Clark@ECT
02/22/2001 12:21 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Stone and Webster/Black & Veatch/Other Development Agreements

See the attached Contract Status matrix. All of the proposed agreements in
the top half of the matrix also have been blessed, as have the Secondary
Agreements..
----- Forwarded by Barton Clark/HOU/ECT on 02/22/2001 12:19 PM -----

	Barton Clark
	02/21/2001 08:48 PM

		 To: tculwell@andrews-kurth.com, hhaltom@andrews-kurth.com
		 cc:
		 Subject: Stone and Webster/Black & Veatch/Other Development Agreements

FYI, attached are the forms of design and engineering contracts for the
Ft.Pierce project. The Technical Design Services Agreement will be cloned -
one for the Facility improvements and one for the King Plant improvements,
and the Black & Veatch agreement relates to design of the transmission
upgrades. The two Technical Design Services Agreements ( with Stone and
Webster ) will be amended and restated to be full blown Turbo Park compliant
EPC contracts ( covering procurement and construction, as well as design )
with Stone and Webster ( assuming its estimate and delivery date are
acceptable), at the time the project goes into Turbo Park.

The Black & Veatch agreement will not be bifurcated, as Black & Veatch will
not be the EPC contractor, but we will expect the EPC contractor for the
transmission improvements to warrant the work. One issue we have is how to
get Black & Veatch to give a Turbo Park compliant transmission improvements
design warranty, but we may be able to get the EPC contractor to warrant the
design and the improvements ( Turbo Park did not raise this issue, but it may
in the future, so we need to be thinking about that ). The Black & Veatch
agreement also may be assigned to FPUA, along with the transmission upgrades
EPC contract, as FPUA will own the transmission improvements and supervise
their construction.

The reason for bifurcating the agreements is to allow work on "soft cost"
items to proceed now - as required to keep the project on schedule - until we
can close the deal with FPUA/FMPA and get into Turbo Park, where the "hard
cost" procurement and construction expenditures can be made without putting
the project on balance sheet.

I'll forward the form Turbo Park EPC Contract under separate cover. Sorry
about the late deliveries, but maybe you will be able to pick these up in the
am.
----- Forwarded by Barton Clark/HOU/ECT on 02/21/2001 08:37 PM -----

	Barton Clark
	02/08/2001 04:43 PM

		 To: David Fairley/HOU/ECT@ECT, Mathew Gimble/HOU/ECT@ECT, Bruce
Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Darrell Stovall/NA/Enron@Enron,
George McCormick/HOU/ECT@ECT
		 cc: Lisa Bills/Enron@EnronXGate, Catherine Clark/Enron@EnronXGate, Roseann
Engeldorf/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON
		 Subject: Stone and Webster/Black & Veatch/Other Development Agreements

Attached are Turbo Park and accounting "approved" forms of the Technical
Design Services Agreement between FPRP and Stone & Webster ( TDSA) and the
Agreement for Professional Engineering Services between FPRP and Black &
Veatch ( B&V Agreement). Each form has to now be fashioned to reflect the
business deal/payment terms/etc. Note that the Scope of Work on the TDSA
underwent substantial modification to conform with 97-10 requirements, and
the attached draft Scope of Work only deals with the Facility ( as defined in
the TDSA ), and not the "improvements" ( which term was included in the draft
Tasking Letter from which the Scope of Work was fashioned).I assume we will
need to "clone" this TDSA except for a different Scope of Work description to
deal with such "improvements" other than the Facility ( ie, I assume these
are the King Plant improvements).

The TDSA is calculated to put as much of the Turbo Park-approved EPC in front
of Stone & Webster at the earliest possible date, so that the amendment and
restatement of the TDSA to make it a full blown Turbo Park EPC Contract will
be more straightforward. Right now, it is contemplated FPRP would assign its
interests as Construction Manager under the TDSA to ENA, and the TDSA would
be concurrently amended and restated as set forth above, both at the time the
FPRP goes into Phase II of Turbo Park. At the time FPRP goes into Phase I of
Turbo Park, I believe the TDSA can remain an FPRP obligation ( like any other
development agreement signed by a project entity that is subsequently
transferred into Turbo Park). Since the TDSA now only involves soft cost
expenditures, FPRP can sign it as soon as it is negotiated and agreed by
Stone & Webster and before it goes into Phase I of Turbo Park.

The B& V Agreement, which was modeled on Black & Veatch's agreement with
FPUA, also can be signed prior to going into Phase I as soon as it is
negotiated with Black & Veatch. Like the TDSA, there are commercial terms
that need to be added. It was modeled on the FPUA Black & Veatch Agreement
because that should speed negotiation with B & V on its terms, and we may
want to assign the B & V Agreement to FPUA ( and they too would be
comfortable with its terms). My understanding is that FPUA is supervising the
transmission work and will be driving the design and engineering of the
transmission facilities, so it may make sense for FPRP to assign the B & V
Agreement to FPUA and simply retain the obligation to pay B & V ( up to a
cap).

I also have attached a revised version of the spreadsheet Mathew prepared
listing FPRP contracts already entered into by FPRP ( the so-called secondary
development agreements)  and those proposed to be entered into before we go
into Phase I of Turbo Park. Herman and Lisa, let me know which of  the
secondary agreements you have not previously reviewed ( those marked NO re
your review ) that you need to review, and I will endeavor to furnish them to
you.

Let me know if you have any questions.


I have had the upmost respect for you since joining Enron and it was reaffirmed with your message today.  I don't agree with your decision to give the money back but I think it speaks volumes as to your character.  Good luck wherever you go and thanks for the leadership you have provided Enron.

Sincerely,

Mike


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The first order of business is getting the cost/benefit analysis done.  Once we have that study, let's go to press.

Jim

 -----Original Message-----
From: 	Shelk, John
Sent:	Thursday, October 18, 2001 4:14 PM
To:	Nicolay, Christi L.; Shapiro, Richard; Steffes, James D.
Cc:	Robertson, Linda; Novosel, Sarah
Subject:	RE: Southern Co.'s Testimony

I think a rebuttal would be in order if others agree.

 -----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Thursday, October 18, 2001 4:42 PM
To:	Shelk, John; Shapiro, Richard; Steffes, James D.
Cc:	Robertson, Linda; Novosel, Sarah
Subject:	RE: Southern Co.'s Testimony

Do we need to specifically rebut this?  Enron did file a study to support the natural markets of the SE, and, while we generally have stated responses to his issues in various forums, do we need to respond item by item?  (FYI--I have never heard the "lake" analogy before -- his characterization of it as the opponent position helps his case, but it is incorrect because as far as I know, there is no one proposing a system that ignores constraints).

Also, we have not focused much recently on the transmission pricing issues.  This may be an opportunity to discuss this in context.  He seems to use it as a reason against the Southeast RTO.

 -----Original Message-----
From: 	Shelk, John
Sent:	Monday, October 15, 2001 4:08 PM
To:	Shapiro, Richard; Steffes, James D.; Nicolay, Christi L.
Cc:	Robertson, Linda; Novosel, Sarah
Subject:	FW: Southern Co.'s Testimony

Below is a link to Southern Co. CEO Allen Franklin's prepared testimony at the Barton hearing last week (October 10).  He says they favor wholesale competition, but he then goes on to talk about the virtues of geographically smaller RTOs, with a phased approach of smaller RTOs that could later merge to become larger (although the Barton discussion draft would prevent such mergers).  The statement also chronicles their involvement in the Southeast mediation process.

In his oral testimony, Franklin kept ephasizing the lack of FERC cost/benefit studies on RTOs and the similar (alleged) lack of studies and analysis to support the 4 RTO model.

 -----Original Message-----
From: 	Nersesian, Carin
Sent:	Monday, October 15, 2001 4:59 PM
To:	Shelk, John
Subject:	Southern Co.'s Testimony

http://energycommerce.house.gov/107/hearings/10102001Hearing387/Franklin647.htm


Thanks!

Tell Deb I said hi - have a great anniversary.

A

 -----Original Message-----
From: 	Forney, John M.
Sent:	Monday, December 17, 2001 3:24 PM
To:	Fitzpatrick, Amy
Subject:	Isaac Wong

Isac's last day  was November 6th.   He took a job with Vitol, in the oil trading area.  I dont recall who his HR rep was.

Hope this helps,

JMF


Thank you for the info.  I wanted to let you know that I got that c/p stuff
all figured out.


Reply Message:
Reply from LARA  is ok will be talking to tabors in 5 mins to
jdasovic@enron.com|Re:|
off that call and on anoth

Original Message:
jdasovic@enron.com|Re:|
off that call and on another.  will call your cell soon as this one's done.


Andy - can you please forward this email to your book person to change these
attached deals from ENA- PGL  to ENA - and the actual counterparty.  Our
confirmation guys should send out a confirm to verify these deals.

Tony is continuing to look for additional Harper \ northern border supplies.
I will let you know if he finds anything of interest.


lame response #3


George,

I can take a day off the week I get back from vacation.  Any day between
March 5th-9th would work but Friday or Thursday would be my preference.

Regarding the differences in the two estimates, I don't want to waste your
time explaining the differences if the 1st forecast was very rough.  The
items I listed moved dramatically.  Also, some of the questions were just
clarification of what was in a number.

Let's try and reach an agreement on the construction manager issue tomorrow
morning.

Phillip


http://kids.msn.com/kidz/featurediscovery5.asp

of course, I tried the dog one and couldn't finish it!!  probably a six year
old can do better

Abigail David
Mayor, Day, Caldwell & Keeton, L.L.P.
700 Louisiana, Suite 1900
Houston, Texas  77002-2778
Telephone:  (713) 225-7064
Fax Number:   (713) 225-7047
email:  gdavid@mdck.com

______________________________
CONFIDENTIALITY NOTICE

THIS MESSAGE AND ALL DOCUMENTS TRANSMITTED HEREWITH ARE STRICTLY
CONFIDENTIAL AND ARE INTENDED ONLY FOR THE USE OF THE SPECIFIC INDIVIDUAL OR
ENTITY LISTED ABOVE.  THEY MAY CONTAIN INFORMATION THAT IS ATTORNEY-WORK
PRODUCT, THAT IS SUBJECT TO THE ATTORNEY-CLIENT PRIVILEGE, OR THAT
CONSTITUTES TRADE SECRETS OR IS OTHERWISE PROPRIETARY.  Dissemination,
distribution or copying of this communication to anyone other than the
specific individual or entity listed above (or the person responsible for
delivering this communication to the specific individual or entity listed
herein) is STRICTLY PROHIBITED.  If you have received this communication in
error, please notify the sender immediately by telephone (collect), and
return the original communication to us at the above address via the U.S.
Postal Service.  Thank you.
______________________________


ATEs is incorrect.  There should not be a specialist in my group.

D

Shari Mao
03/20/2000 04:43 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: 1497

Daren,

ATEs shows that your team has one specialist for 1497 in January and
February.  Please let me know if ATEs is incorrect for the month of January
and February.  If there is a specialist in your team, we have not received a
survey from this person.  This lack of information prevents your expenses
from being 100% allocated out to the commercial teams.  Please fill out the
following survey and return it to me ASAP.  If you have any questions please
call me at 3-3859.

Thanks,
Shari


Hello, Climbers--

The weather looks promising for Friday.? However, with all the new snow on
top of last week's melt crust, the potential for avalanche is a concern.? I
intend to start up the hill no matter.? If conditions appear to be dangerous,
we'll have 2 options: turn around, or modify our route (and go up the south
side).? Think about it.

I'm bringing a shovel.? We could probably use at least one more.? I intend to
bring avalanche transceivers from the club, so please remember to bring a
couple AA batteries.

Last, I'm looking for a ride. I live downtown near the Doubletree.? If you
can give me a ride, let me know, and I'll give you directions.? Thanks.

--Steve


I have a new toy!


Bob -

Consistent with our meeting yesterday with Amerex, I have made revisions to
the BETA and attached a version marked with the changes.  The version
attached also reflects changes made to the base BETA agreement which I have
provided to Mark T., which, with the exception of one item, has been
approved.  I have also attached a copy of the marked base BETA agreement for
your reference.

As we discussed with Amerex, the changes to the BETA will be reflected in a
side agreement and not within the actual BETA document.

Please let me know if you should have any additional comments or questions.
I will be leaving the office at 11:30 for a lunch appointment and will be
back by 1:00.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Kate this is a new file as of 2:30 today.  The previous one was from this
morning.
---------------------- Forwarded by Mark Confer/HOU/ECT on 05/02/2001 03:18
PM ---------------------------
To: Mark Confer/HOU/ECT@ECT
cc:
Subject: latest file

see attached.

bc


Attached is the link that will allow you access to referenced database.
Please note, that we have recently upgraded the database to add the ISDA
definitions, branch offices approved for trading, and market disruption
provisions.  This information should be inputted for the new master swap
agreements on a going forward basis, but we still need to go back and
repopulate the data for the existing master swap agreements.

Also, FYI, the "See" drop down is our nickname for the name changes and
mergers reference.  If an item is filled in for that entity it should show
you any prior or new names for the counterparty.

If there is anyone else who would like the link, please let me know and I
will forward it to them.


Attached for your review and comment is a draft table identifying incoming
interstate capacity at receipt points on SoCalGas' system and a system map
identifying those locations, per the request of ALJ Biren.? We have confirmed
wherever possible the incoming receipt point capacities with the pipelines
and also tried to fairly characterize the take-away capacities and deliveries
from those receipt points.? Please forward your comments to me as soon as
possible so that we can coordinate the filing of the draft exhibit to the
service list by July 16.

? <<exhibitpipecap.xls>>  <<SoCalGas.doc>>

 - exhibitpipecap.xls
 - SoCalGas.doc


I am the originator and VP for this capacity.
BT


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/24/2000
08:57 AM ---------------------------

Tim Heizenrader
03/23/2000 08:09 AM
To: James B Fallon/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Western Strategy Briefing Materials

Slides from this week's strategy session are attached:


Sara:

As per your negotiations with Corinne Samon, please find attached below both a
black-lined copy of the negotiated Futures Account Agreement as well as a
Clean
copy.
(See attached file: Enron Corp ... JPMorganFuturesBlklned033001.doc)(See
attached file: Enron Corp ... JPMorganFuturesCLEAN033001.doc)
Please execute and send back to me via facsimile & courier at your earliest
convenience.  Also, please be sure to send back all ancillary documentation
that
is required.  (See my note to you on 01.05.01)

Regards,
Tom Alterson

JP Morgan Futures Inc.
60 Wall Street, 41st Floor
New York,  NY 10260-0060
Tel. (212) 648-4315
Fax (212) 648-5347

Thomas P Alterson
01/05/2001 04:02 PM

To:   sara.shackleton@enron.com
cc:   Michael C Schneider@JPMORGAN, Charles A Wheeler@JPMORGAN,
      di_vincenzo_glenn@jpmorgan.com
Subject:  JPMFI Futures Account Opening Documentation - Enron North America
      Corporation

Sara,

Please find attached below the documentation required for the opening of a
futures account with JP Morgan Futures Inc.

Included are:
(1) Futures Client Agreement
(2) Risk Disclosures
(3) Letter in Lieu
(4) W-9 Tax Form

(See attached file: ENRON NA CORP Client Agreement.doc)(See attached file:
Risk
Disclosure Statement 12_05_00.doc)(See attached file: Letter in Lieu.doc)(See
attached file: fw9.pdf)

In order to a open futures account with JP Morgan Futures Inc. ("JPMFI"), you
must sign the attached
Client Agreement, and as regulations require, check each appropriate Risk
Disclosure acknowledgment box as well your preference of notification or
immediate liquidation.  Further, please complete and sign the W-9 form
included
above.  You must also provide authorization for Enron North America
Corporation
to open a futures account with JPMFI by either completing the attached Letter
in
Lieu on your letterhead or by providing us with your own form of
authorization.
Please note: if you use your form of authorization it should include the names
of the individual(s) authorized to sign the Client Agreement as well as those
authorized to place orders for the account.  Additionally, if there is an
advisor relationship whereby an advisor is placing orders on behalf of Enron
North America Corporation, please also provide this representation.

Please feel free to contact me with any questions or concerns.

Regards,
Tom Alterson

JP Morgan Futures Inc.
60 Wall Street, 41st Floor
New York,  NY 10260-0060
Tel. (212) 648-4315
Fax (212) 648-5347

 - Enron Corp ... JPMorganFuturesBlklned033001.doc
 - Enron Corp ... JPMorganFuturesCLEAN033001.doc
 - ENRON NA CORP Client Agreement.doc
 - Risk Disclosure Statement 12_05_00.doc
 - Letter in Lieu.doc
 - fw9.pdf


I got a call from Tino earlier today (right after our meeting on Pueblo) but
could only talk to him for a few minutes before I had to jump off.  I did let
him know that Kevin or Lorraine would be calling to talk about info that we
need to complete our analysis of the economics.  He also let me know that
they are looking at another power plant project in the SW Power Pool and want
to discuss with us.  Thanks.


Was Greg onside with this stuff?  Give me a call.


Call with David and Gregg re outstanding issues.


---------------------- Forwarded by Susan M Scott/HOU/ECT on 12/01/2000 12:36
PM ---------------------------

Shouan Tang
12/01/2000 12:11 PM
To: Susan M Scott/HOU/ECT@ECT
cc: Jeremy Wong/HOU/ECT@ECT
Subject: forward start options-- testing PortCalc Test Version on deals
QC1431.1 and QC1431.2

Susan,

Attached in the file are the testing results.

 Also you can run a script file to test more PID/deals if you'd like . This
script file uses my modified version of PORTCALC, and  is on  UNIX,:
  ~stang/port_calc_test.csh you can go to my home  directory  ~stang, then
type port_calc_test.csh PID and run it.

Let me know if you have any questions.

Shouan


tomorrow at 9 it is.  the place on either battery or sansome at California,
right?  can't wait.  see you then.

jeff

	"Gigi Coe" <gcoe@firstworld.net>
	03/06/2001 12:46 PM

		 To: <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: Re: Fw: Fessler Fesses Up to What Went Wrong in California

I'd love to have coffee, but don't think that I can make it downtown before
9:00 what with kid dropoff, etc.  Meet at your little corner italian coffee
place at 9:00?  G.
-----Original Message-----
From: Jeff.Dasovich@enron.com <Jeff.Dasovich@enron.com>
To: Gigi Coe <gcoe@firstworld.net>
Date: Tuesday, March 06, 2001 9:02 AM
Subject: Re: Fw: Fessler Fesses Up to What Went Wrong in California

>
>hi!!!!!!!!!!!!!!!!!!!  gigi, o, gigi, you won't believe this.  i gave a
>talk on california at the plaza hotel in nyc about a month or so ago and
>guess who spoke on the panel before me?!?!?  you guessed it.  daniel
>william hissself.  can't wait to tell you about it.  i, too, want to catch
>up.  how's coffee early tomorrow morning---like 8:30 am work for you.
>otherwise, i'm in heewwwston for the rest of the week.  hey, we each had
>big birthdays--congratulations.  another decade well lived.  look forward
>to seeing you real soon.
>
>best,
>jeff
>
>


Mark:
I wanted to let you know that I did meet with Mark Haedicke last week to
discuss my work situation, and in particular, coming back on a part-time
basis sometime in January.  I think that he was okay with what I proposed,
which is to work approx. 30 hours a week on a 4 day week.  I would like your
input on which day you would prefer I take off, as my initial thought was
Friday, but I'm open to suggestion on that.  I think that the next step is
for the 3 of us to meet to discuss what my role in the group will be, and in
particular, what work areas I will be responsible for.  I will try to set
something up in the next few weeks.  I alos had lunch with Mary and Sara and
was encouraged with what I heard from them.  We talked about the possibility
of having a group offsite meeting in early January to talk about group goals,
work assignments/areas of responsibility for each attorney etc.  What do you
think about that idea?  As I mentioned to you at our lunch, I need some
direction as to what my responsibilities will be when I return to the group
and given the fact that we have acquired more people and more work areas, it
seems like some planning and discussion as to who is responsible for what
work is in order.  Let me know what you think.  Take care.

Carol


Mark Schroeder will be back on Monday I will probably not have a chance to
edit the
announcement until then.  I will keep you posted.

John


NewBridge Partners Conference Call

Just wanted to remind you that we have arranged an exclusive opportunity for
you to attend a conference call with institutional portfolio manager, James
Cowperthwait this morning at 9am cst. Mr Cowperthwait is the Portfolio
Manager for the Newbridge Partners Large Cap Growth Portfolio. He will
discuss his outlook on the overall markets, and also leave some time at the
end of the call to answer a few questions. Following is the information you
will need to participate in this call:

Date:                         Tuesday, May 8
Time:                         9:00am CST

Phone #:                    888-689-9342

Pass Code:                15108# (For Moderator)
40337# (For Participants)

Play back #:               888-258-7854
Pass Code:                06490 (no pound sign)
Play back will be recorded for one week.

To help ensure the conference begins in a timely manner, they ask that we
dial in 5-10 minutes prior to the conference.

Sincerely,

Hank Emery
Financial Advisor
Emery Financial Group
UBS PaineWebber Incorporated
Houston, Texas
713-957-7060

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.


What is the status of this deal?

---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 11/09/2000
01:45 PM ---------------------------

Evelyn Metoyer
11/08/2000 04:17 PM
To: Carla Hoffman/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc:

Subject: 11-08-00 Checkout

Jeff Richter
deal 454371
Prebon shows $60.75.....enpower shows $67.75


---------------------- Forwarded by Shelley Corman/ET&S/Enron on 04/28/2000
02:29 PM ---------------------------

	From:  Colleen Sullivan @ ECT                           04/28/2000 01:23 PM

To: Shelley Corman/ET&S/Enron@ENRON, Rebecca W Cantrell/HOU/ECT@ECT, Leslie
Lawner/HOU/EES@EES
cc: shak@ev1.net

Subject: FERC Presentation

Attached is my first attempt at what we should discuss at the FERC meeting on
Monday.  I'll be working on it over the weekend so any suggestions are
appreciated.  Please e-mail your suggestions or comments to my HOME e-mail at
shak@ev1.net.   Make sure to read this and let me know if anything I have
suggested is too controversial or conflicts too much with the corporate
message--you will not hurt my feelings at all.  Thanks for the input!


For 10 am PDT call
-----Original Message-----
From: Norman Plotkin [mailto:nplotkin@rcsis.com]
Sent: Tuesday, August 28, 2001 9:46 AM
To: arem@electric.com
Subject: FW: Retroactive Suspension - SDG&E's message

-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Wednesday, August 22, 2001 8:03 PM
To: Weller, Andrea; arem@electric.com; 'Norman Plotkin'
Subject: Re: Retroactive Suspension - SDG&E's message

It would be surprising if the Commission did what SDG&E is suggesting.  From a strictly legal perspective, it is unlikely that the Commission would vote to suspend direct access retroactively.  Although an argument could be put forward that the Commission has the authority to do so, such an act could be challenged on U.S. Constitutional grounds as being violative of the Contracts Clause.  Moreover, from a practical perspective, retroactive suspension would be politically unpalatable and cause a good deal of protest from affected parties.  However, the Commission might choose to so regardless of these factors, due to political pressure from Sacramento to ensure the saleability of the power revenue bonds.

The Commission has frequently reserved to itself the power to modify existing contracts, particularly those entered into by utilities subject to its jurisdiction.  It has exercised this right often, using as justification wording contained in utility contracts that make the agreements subject to the Commission's continuing jurisdiction, including such modifications as it may direct.  For example, the standard ESP Service Agreement used by all three of the state's electric utilities provides that, "This Agreement may be subject to such changes or modifications as the CPUC may from time to time direct or necessitate in the exercise of its jurisdiction, and the Parties may amend the Agreement to conform to changes directed or necessitated by the CPUC."  This phraseology is typically referred to by the state's utilities as a "regulatory out" clause.

However, this sort of wording has not been required to be included in the contracts entered into by ESPs, as the Commission does not regulate these entities.  ESPs that plan to offer electric services to residential and small commercial customers must fulfill certain registration requirements, as adopted by the Commission in Decisions (D.) 99-05-034 and D.98-03-072 in accordance with Public Utilities Code Section 394(b).  However, ESPs who serve larger customers are not even subject to this registration requirement.  Most importantly, ESP terms and conditions of service are not subject to regulation by the Commission.  Therefore, the regulatory out language cited above is not customarily included in standard contracts signed between ESPs and their customers.

The absence of a regulatory out clause would make Commission efforts to modify retroactively contracts entered into between ESPs and their customers extremely suspect.  This is due to the fact that such action could be seen as violative of Section 10 of Article I of the United States Constitution.  It provides in part that, "No State shall . . .  pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts . . ." [Emphasis added]

Under the Supreme Court's Contracts Clause jurisprudence, the threshold inquiry is, "whether the state law has, in fact, operated as a substantial impairment of a contractual relationship."  Allied Structural Steel Co. v. Spannaus, 438 U.S. 234, 244 (1978).  "This inquiry has three components:  whether there is a contractual relationship, whether a change in law impairs that contractual relationship, and whether the impairment is substantial."  General Motors Corporation v. Romein, 503 U.S. 181, 186 (1992).

The Contracts Clause only applies to contracts that exist at the time of the law's passage.  Also, the Contracts Clause has been deemed to apply both to legislation or other government action, but not to court decisions.  The judiciary has the power to invalidate a contract without violating the Contracts Clause.  See Tidal Oil v. Flanagan, 263 U.S. 444 (1924).  In a case involving a private contract, the law or governmental action must substantially impair a pre-existing contractual relationship.  Once this hurdle is met, the government must demonstrate that the law imposes reasonable conditions appropriate to achieving a significant and legitimate public purpose.  Often, when faced with such an issue, the courts defer to the legislative judgment.  However, this does not prevent an independent investigation of the relevant factual situation.

This is probably far more than you wanted to know.....just wanted to give a quick overview on the subject.  Bottom line:  CPUC would be dumb to suspend retroactively, at least from a legal perspective.  On the other hand, when has brilliance been a hallmark of recent decisions from this Commission?

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com <mailto:douglass@energyattorney.com>
----- Original Message -----
From: "Weller, Andrea" < AWeller@sel.com <mailto:AWeller@sel.com>>
To: < arem@electric.com <mailto:arem@electric.com>>; "'Norman Plotkin'" < nplotkin@rcsis.com <mailto:nplotkin@rcsis.com>>; "'Dan Douglass'" < douglass@energyattorney.com <mailto:douglass@energyattorney.com>>
Sent: Wednesday, August 22, 2001 12:23 PM
Subject: Retroactive Suspension - SDG&E's message

> All -
>
> SDG&E is sending the following message to customers...
> "The California Public Utilities Commission is now expected to make a
> decision at their September 6 meeting regarding suspension of direct access.
> This decision could be retroactive to September 1, 2001.
> Based on this information, if you are considering a contract with an energy
> service provider for your electric commodity, the contract would need to be
> signed by August 31, 2001. "
> What do you all think about this?  What SDG&E is saying is inconsistent with
> the intent of the statement made in the most recent ALJ Barnett Resolution
> which states, "In the interest of fairness, written contracts for direct
> access signed before Sept. 1, 2001 are exempt from suspension".  The intent
> here being that the CPUC will make a prospective ruling in the interest of
> fairness.
> I would appreciate any thoughts on this.  Thank you!
>
>
> Andrea Weller
> Market Strategist
> Strategic Energy, LLC
> 949.230.3404
> aweller@sel.com <mailto:aweller@sel.com>


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ARE YOU BORED...   BY THE WAY..ENRON STOCK IS DOWN TO 16.

 -----Original Message-----
From: 	"Quenet, Rebecca" <rebecca.quenet@eds.com>@ENRON
Sent:	Wednesday, October 24, 2001 10:51 AM
To:	'Banks, Zoe'; Quenet, Joe; 'Spicochi, Elsa'; 'Liepins, Otto'
Subject:	FW: The FIRST Warning Sign

Closeups of the WTC...

-----Original Message-----
From: Steve & Debbie Barone [mailto:sandbar1@optonline.net]
Sent: Wednesday, October 24, 2001 10:41 AM
To: Glenn Wylie; Watson, Dan; Wasilewski, Paul; Tarallo, Dan; Stadtman,
Chuck; Kevin Sorce; Rick Schroeder; Harry Roch; Rebecca Quenet; Matt
Oleary; Nick Nesto; Diana Miller; Bobby & Josephine Menendez; Mantione,
Charles; Chris Little; Krambach, Tom; Laura Giampietro; Rich Flynn; Joe
Fanelli; Drews, Richie; Draper, Daniel; Domenic, Matt; John Dodge;
Joseph Dick; Dennis Villanueva; Dean Delitta; Suzette Cushman; Cushman,
John; Ken Cherasaro; Busichio, John; Daniel Burrer; Buck, Charlie; Ron
Bartke; Terry & Lenore Barone; Brian Barone
Subject: Fw: The FIRST Warning Sign

> FBI have uncovered the very first warning sign that was from one of the
WTC
> towers.
>
>

 - advertencia.pps << File: advertencia.pps >>


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That flight time is fine.  A couple of other things:  I need to meet with
McKinsey while I'm in town on Monday.  Please set up with Suzanne Nimocks'
office.  Also, my return should be first thing Tuesday morning (I think we
had discussed Monday night originally).  Just get me on the first available
flight to Roswell.

Also, I didn't mean to put you in  a difficult spot with Melissa.  I had
tried getting hold of her last night but only got the answering machine.
Don't worry about tellling her my travel schedule.  If I haven't told her
first, I'll deal with the consequences (I've logged "couch time" before plus
I'm usually pretty good about keeping her up to date).
Thanks

	Maureen McVicker
	11/16/2000 02:44 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: FLIGHT ROSWELL TO HOUSTON

It turns out that the co. plane flight from Roswell to Houston only takes a
little over an hour.

We currently have it scheduled for:

  Depart  Roswell at 7:00 p.m (MST) on Sunday 11/19/00

  Arrive Houston at 9:17 p.m. (CST)

Your HR PRC starts at 7:30 a.m. on Monday 11/20/00.

Just FYI - the co. plane will land in Roswell at 4:05 p.m. (MST) and wait for
you.

Is the departure time at 7:00 pm ok with you?
Do you want to leave a little later since the flight doesn't take very long?


Interview Schedule

16.30 - 17.00 Vince Kaminski & Anjam Ahmad

17.00 - 17.30 Ben Parsons

17.30 - 18.00 Stephen Leppard


Today?  Where is this place?

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


I'm just going to leave this deal with "New Counterparty" for the time being.
I had changed it to Sierra Pacific Industries, Inc., but it sounds like there
may be a problem with this name. Please let me know what I can do to help
this along, or give me a call when a decision is reached.

Thanks,
Kate

Rhonda L Denton
04/12/2001 11:48 AM
To: Samuel Schott/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT

Subject: New CTPY Name - Sierra Pacific Industries

Sam, Please contact this CP (info on Kate's previous email) or find the dba
information online with D&B or Lexis Nexis so that we can get the true
lowdown on this name.  I don't think we should take the trader's information
as gospel, for as you know, they are not always accurate.  Please let me know
as soon as you get this information.  Thanks.
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 04/12/2001
01:45 PM ---------------------------
   Kate Symes                04/12/2001 01:26 PM

To: Rhonda L Denton/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc:
Subject: New CTPY Name - Sierra Pacific Industries

Looks like we might have to modify this name in EnPower after all - The dba
on our master agreement is "Sierra Pacific Industries" with no "Inc." at the
end. I just spoke with Bob Ellery over at Sierra, and he confirmed that,
although the company is a corporation, they never use "Inc." in their
contracts. Thus, our confirm letters would not match up with the master
agreement because of those three pesky letters.

Just let me know if this causes a problem for either of you. In case you'd
like to reference it, the deal number we're attempting to modify is 573679 -
it's a buy from Sierra done by Chris Foster on the 10th of April.

Thanks again for all your help.
Kate
503-464-7486


Please join me in congratulating the following East Power team members on
their recently announced promotions:

 Rogers Herndon (Director to VP)
 Dana Davis (Director to VP)
 Rob Benson (Manager to Director)
 Doug Gilbert-Smith (Manager to Director)
 Terri Clynes (Manager to Director)
 John Llodra (Manager to Director)
 Matt Lohrenz (Sr. Specialist to Manager)
 Chris Dorland (Associate to Manager)
 Doug Sewell (Associate to Manager)
 Gautam Gupta (Associate to Manager)
 Carla Compean (Analyst to Analyst III)
 Dave Ryan (Sr. Specialist to Manager-Trading Support)
 Kayne Coulter (Sr. Specialist to Manager-Trading Support)
 Larry Valderrama (Sr. Specialist to Manager-Trading Support)
 Jason Choate (Specialist to Sr. Specialist)
 Tamara Black (Asst. Admin II to Sr. Admin)


Please run an alpha report and email it to Tana. Thanks Kate
----- Forwarded by Kate Cole/Corp/Enron on 06/15/2000 08:41 AM -----

	Tana Jones@ECT
	06/14/2000 06:52 PM

		 To: Kate Cole/Corp/Enron@ENRON
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Enron Corp. and Subsidiary List

We are in the process of filing our annual hedge exemptions with the NYMEX
for 2000.  In connection therewith, I will need to provide the NYMEX with an
updated copy of the alphabetical list of Enron Corp. and Subsidiary Companies.

Thanks Kate, as usual, for your help with this!


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Distillate     http://www.carrfut.com/research/Energy1/hoil77.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded77.pdf

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter2-5-02.pdf


Jessica,

I have resent the information to you with the requested signatures.  Could
you please provide me with the exact address so that I can send this
overnight to your attention.

Thank you

Kim Hillis assistant to John Lavorato
713-853-0681
kimberly.hillis@enron.com

"Jessica DeSouza" <JDeSouza@royallepage2.com> on 08/17/2000 01:25:29 PM
To: <John.J.Lavorato@Enron.com>
cc:

Subject: Relocation

Hi John:

I received your faxed guarantee offer.  We need the original copies of the
guarantee offer sent to us by courier before takeover.  Also please make sure
to have you signatures on the original copies witnessed.

I have spoken to Wayne Coultry and takeover date has tentatively been set for
Wednesday August 23/00.

I have spoken to Angela, Len Wong's assistant and she is going to contact the
contractor - Brad Askin to begin repairs on the property immediately.

Should you have any questions, please do not hesitate to contact me.

Best regards,  Jessica


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&Live! From NYC ) Cramer,s Fall Forecast & Investing Strategy8
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Again, the conference & cocktail reception is Monday
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to attend this event!  Wednesday is your last day to take advantage
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We look forward to seeing you there.

Click here to register
http://www.thestreetevents.com/0803 or call TheStreet.com
Customer Service Department at 1-800-562-9571, Monday-Friday, 8am-6pm EST.

This email has been sent to you by TheStreet.com because
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If you are not a current or former subscriber, and you believe you
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We'll do the regularly scheduled update next week 11/5 when we will hopefully have more market feedback.  Right now we are still working to secure market commitment and design rate structures that meet their needs and Enron's hurdle rates.  Please call me if you have questions.

kh


Do you need the electronic file?  All I sent was the redline.

	From:  Robert Sevitz                           02/06/2001 04:41 PM

To: Kay Mann/Corp/Enron@Enron
cc: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/HOU/EES@EES, Fred L Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Peter
Nassab/Corp/Enron@Enron, Jude Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mark Bernstein/HOU/ECT@ECT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: FW: Draft Coop City Term Sheet - priority.

Kay

No, it is not true that we are scrapping the document you worked on.  We are
in the process of further development of that same document to meet the needs
of the project based on discussions with Mark earlier today.  I anticipate
issuing a revised draft to you for review tomorrow.

Bob


To tell you the truth, this stuff is difficult for me to retain, so I could
be completely off base. I would like to have Herman walk through it again.

From: Sheila Tweed@ECT on 07/24/2000 05:30 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: VEPCO/FYI

It makes one wonder whether one can be in any position in these deals and not
be in a lease.  Maybe we should ask Herman to describe one.  I was under the
assumption that if the PPA is not plant specific, there is less of a concern
on who the EPC contractor is.  I also thought the O&M affiliate was fatal
even if we sold down the equity.  Have I missed the question again?


Garage at 4:30, I hope you can make it!

Jon

 -----Original Message-----
From: 	"Greenall, Geri" <Geri.Greenall@ElPaso.com>@ENRON [mailto:IMCEANOTES-+22Greenall+2C+20Geri+22+20+3CGeri+2EGreenall+40ElPaso+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 20, 2001 7:14 AM
To:	Mckay, Jonathan
Subject:	RE:

Busy are you... I suspected as much. Tuesday is fine... where? Have you had
your garage sale yet?
Cheers
 -----Original Message-----
From: 	Jonathan.Mckay@enron.com [mailto:Jonathan.Mckay@enron.com]
Sent:	Monday, August 20, 2001 7:50 AM
To:	Greenall, Geri
Subject:	RE:

Sorry, I was out Friday.  How's about com'in out for a beer Tuesday with
the whole gang?  If your uncomfortable with hangin' out with a bunch of
Enron people then maybe we can catch a QUICK one tonight.

Cheers

    -----Original Message-----
   From:   "Greenall, Geri" <Geri.Greenall@ElPaso.com>@ENRON

[mailto:IMCEANOTES-+22Greenall+2C+20Geri+22+20+3CGeri+2EGreenall+40ElPaso+2E
com+3E+40ENRON@ENRON.com]

   Sent:   Thursday, August 16, 2001 2:49 PM
   To:     Mckay, Jonathan
   Subject:  RE:

   What are the chances you aren't booked for tomorrow night, I was
   thinking
   about cashing in on my beer?
    -----Original Message-----
   From:   Jonathan.Mckay@enron.com [mailto:Jonathan.Mckay@enron.com]
   Sent:   Friday, August 10, 2001 7:41 AM
   To:     Greenall, Geri
   Subject:     RE:

   Absolutely................... I think I owe you at least one.

       -----Original Message-----
      From:   "Greenall, Geri" <Geri.Greenall@ElPaso.com>@ENRON

[mailto:IMCEANOTES-+22Greenall+2C+20Geri+22+20+3CGeri+2EGreenall+40ElPaso+2E
   com+3E+40ENRON@ENRON.com]

      Sent:   Thursday, August 09, 2001 1:04 PM
      To:     Mckay, Jonathan
      Subject:  RE:

       I can sign the reference sheet for a small price...how much longer
   are
      you
      around for? Enough time to get together for a congratulatory beer?

       -----Original Message-----
      From:   Jonathan.Mckay@enron.com [mailto:Jonathan.Mckay@enron.com]
      Sent:   Thursday, August 09, 2001 9:28 AM
      To:     Greenall, Geri
      Subject:     RE:

      Thank You!  Now I need somebody to sponsor me....................Any
      takers? ................ Unclear as to the repercussions to your own
   CFA
      for venturing down this path.

      Cheers

          -----Original Message-----
         From:   "Greenall, Geri" <Geri.Greenall@ElPaso.com>@ENRON

[mailto:IMCEANOTES-+22Greenall+2C+20Geri+22+20+3CGeri+2EGreenall+40ElPaso+2E
      com+3E+40ENRON@ENRON.com]

         Sent:   Thursday, August 09, 2001 8:23 AM
         To:     Cowan, Mike; Mckay, Jonathan
         Subject:

         I hear congratulations are in order boys! Way to go...

         ******************************************************************
         This email and any files transmitted with it from the ElPaso
         Corporation are confidential and intended solely for the
         use of the individual or entity to whom they are addressed.
         If you have received this email in error please notify the
         sender.
         ******************************************************************

   **********************************************************************
      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 email and any files transmitted with it from the ElPaso
      Corporation are confidential and intended solely for the
      use of the individual or entity to whom they are addressed.
      If you have received this email in error please notify the
      sender.
      ******************************************************************

   ******************************************************************
   This email and any files transmitted with it from the ElPaso
   Corporation are confidential and intended solely for the
   use of the individual or entity to whom they are addressed.
   If you have received this email in error please notify the
   sender.
   ******************************************************************

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


Jeremy,
I need to have access to calc all books on a minibook level.  Please let me
know if you need any further information.  Also, how my proposed index book
move coming along?  Thanks.
DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/20/2000
01:01 PM ---------------------------

	Enron North America Corp.

	From:  Jeffrey C Gossett                           10/20/2000 11:25 AM

To: William Kelly/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Dutch
Quigley/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc:
Subject: Changing Deals

Effective immediately,  if anyone changes any deal for any reason,  they need
to provide a minibook with a before and after of exactly what they did.  This
used to be a common courtesy,  but it looks like we need a stated policy in
place.  You guys will therefore have to get minibook access to calc all books
on a mini-book level from Jeremy.  Please let me know the timing Jeremy gives
for getting the appropriate people mini-book access as soon as possible.  It
is critical that we get this done right away.  I know that this is not a
one-sided issue.  No group is better or more important than any other group.
It is therefore important that we do a better job of communicating across
groups.

Thanks,

Jeff


---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/28/2001
11:37 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 03/28/2001 09:19 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--3/28/01


Happy Halloween on Wednesday !!!

I have several missions pending for Wednesday, Thursday, and Saturday

Can you help??

5 for WEDNESDAY	1.  Houston to Durant, OK (leg 1 of 2 leg mission)

				1.  Houston to Baton Rouge (leg 1 of 3 leg mission)
				2.  Baton Rouge to Pensacola (leg 2 of 3 leg mission)

				1.  Hot Springs, AR to Houston (leg 2 of 2 leg mission)

				1.  Arlington to Houston

2 for THURSDAY		1.  Amarillo to San Angelo (leg 2 of 3 leg mission)
				2.  San Angelo to Houston (leg 3 of 3 leg mission)

3 for SATURDAY		1.  Houston to San Angelo (leg 1 of 3 leg mission)
				2.  San Angelo to Amarillo (leg 2 of 3 leg mission)

				1.  Houston to Arlington

thank you
Beth
972 458 0700
afsc@angelflightsc.org


Hi Here are Relaint's comments - let me know if there is anything you want me to do on this.  Thanks
Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	SStack@reliant.com@ENRON [mailto:IMCEANOTES-SStack+40reliant+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, September 26, 2001 11:16 AM
To:	Sager, Elizabeth
Cc:	drusso@reliant.com; ntillett@reliant.com
Subject:	EEI Collateral Annex and Cover Sheet

Elizabeth -

Here are the comments from me and Dede. I have given it to our Credit Dept.
and asked for comments but I doubt they will have much to add. Call me if
you have any questions with what we wrote.

With regard to the full-blown WSPP Collateral Annex, Dede and I think it
would be better to get the EEI one in a final form before converting it
over to fit into the WSPP. Otherwise, we could be revising the 2 documents
in parallel.

I am planning to get the short draft WSPP Collateral Annex over to you
today.

Thanks!

Shari
(See attached file: Collateral Annex Revised 092501 RED.doc)           (See
attached file: Collateral Annex Cover Sheet 092501 RED.doc)

 - Collateral Annex Revised 092501 RED.doc
 - Collateral Annex Cover Sheet 092501 RED.doc


Steve:  here is the first set of comments from one of our lawyers.  If you
would like me to bring him to the Hill to discuss any of the items or arrange
a phone call, just let me know.  In the meantime, I will continue to gather
more comments and gather them together in one document with suggested
specific edits.  However, given your short turn around, I thought it helpful
to forward what I received ASAP.
---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 04/27/2000
06:14 PM ---------------------------

"Wenner, Adam" <awenner@velaw.com> on 04/27/2000 06:01:53 PM
To: "'Sandherr, Cynthia'" <csandhe@enron.com>, "'Navin, Allison'"
<anavin@enron.com>
cc:

Subject: gramm-schumer bill.DOC

 <<gramm-schumer bill.DOC>> Please see my comments re the Gramm-Schumer
Bill.

 - gramm-schumer bill.DOC


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 11/14/2000
02:57 PM ---------------------------

"Tom Lenhart" <tlenhart@corealty.com> on 11/14/2000 01:46:02 PM
To: <jshana12@hotmail.com>
cc: <matthew.lenhart@enron.com>, <debbielatham@realtor.com>,
<tclupinski@dpdenver.com>, <llschultz3@aol.com>

Subject: Sorry, I keep getting these things.

-----Original Message-----
From: Brenda Mosley [mailto:bmosley@corealty.com]
Sent: Tuesday, November 14, 2000 1:13 PM
To: Tambra Lupinski; Tom Lenhart; J'Shana Farley; Annette Williams;
Monica Rene Quinn
Subject: FW: FW: THIS IS SCARY!!! DO IT!!

-----Original Message-----
From: Franklin, Niecie [mailto:Niecie.Franklin@marriott.com]
Sent: Tuesday, November 14, 2000 10:18 AM
To: bmosley@corealty.com; mreneq456@aol.com; Brandy Sawyer; Carla
Coleman; Chris Maston; Jennifer Kadel; Kevin Duncan; Lila MacKinney;
Peter Gerling; Shauna Betschart; Tricia Fox; Virginia Glavan
Subject: FW: FW: THIS IS SCARY!!! DO IT!!

-----Original Message-----
From: Shawn_Grandberry@r1.fws.gov [mailto:Shawn_Grandberry@r1.fws.gov]
Sent: Tuesday, November 14, 2000 9:35 AM
To: ddarmstrong16@hotmail.com; Boyd.Nyle@broadband.att.com;
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Subject: Fwd: FW: THIS IS SCARY!!! DO IT!!

Why Not receive Junk Mail

Subject:    THIS IS SCARY!!! DO IT!!

    > >
    > The Phone Will  Ring Right After You Do This. . .
    > Just read the  little stories and make a wish.
    > Scroll all the  way to the bottom and there is
    > alittle
    > message
    > there -then
    > do  it. No attachment on this one.
    >
    >
    > I'm 13 years  old, and I wished that my dad would
    > come
    > home from  the army,
    > because he'd  been having problems with his heart
    > and
    > right leg. It  was
    > 2:53 p.m.
    > that  I'd made the wish. At 3:07 p.m. (14
    > minutes
    > later),  the
    > doorbell rang,  and there he was,
    > luggage and all!!
    > Katie
    >
    >
    > I'm 20 and I've  been having trouble in my job and
    > on
    > the verge of quitting.
    > I made
    > a simple  wish that my boss would get a new job.
    > That was a  1:35
    > and at
    > 2:55  there was
    > an announcement that he was
    > promoted.
    > Lisa
    >
    >
    > Believe me...  this really works!! Just scroll down
    > to
    > the end,  but while you do,  make a wish.
    > Whatever age you are, is
    > the number of  minutes it
    > will take for  your wish to come true (ex.
    > you are
    > 15 years old, it  will take 15 minutes for  your wish to come
    > true). If you don't send this to people in 5  minutes, you
    > will have
    > bad luck for years!!
    > Go!!!!!!
    > *
    > **
    > ***
    > ****
    > *****
    > ******
    > *******
    > ********
    > *********
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    > ********
    > *******
    > ******
    > *****
    > ****
    > ***
    > **
    > *
    > **
    > ***
    > ****
    > *****
    > ******
    > *******
    > ********
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    > ***************
    > **************
    > *************
    > ************
    > ***********
    > **********
    > *********
    > ********
    > *******
    > ******
    > *****
    > ****
    > ***
    > **
    > *
    > **
    > ***
    > ****
    > *****
    > ******
    > *******
    > ********
    > *********
    > **********
    > ***********
    > ************
    > *************
    >
    > **************
    > ***************
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    > **********************
    > ***********************
    > ************************
    >
    > *************************
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    >
    > ***************************
    > ****************************
    >
    > *****************************
    > ******************************
    >
    > *******************************
    > ********************************
    >
    > *********************************
    > **********************************
    >
    > ***********************************
    > **********************************
    >
    > *********************************
    > ********************************
    >
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    > ******************************
    >
    > *****************************
    > ****************************
    >
    > ***************************
    > **************************
    >
    > *************************
    > ************************
    > ***********************
    >
    > **********************
    > *********************
    > ********************
    > *******************
    > ******************
    > *****************
    > ****************
    > ***************
    > **************
    > *************
    > ************
    > ***********
    > **********
    > *********
    > ********
    > *******
    > ******
    > *****
    > ****
    > ***
    > **
    > *
    >
    >
    >
    > STOP!!!!!!!!
    > Congratulations!!!!!!!!!!!!!!!!!
    > Your wish
    > will  now come true in your age minutes!!
    > Now
    > follow this  carefully.... it can be very
    > rewarding!!!! If  you send this
    > to 10 more people, other
    > than the 5
    > that youalready  have to send to,
    > something major that you*ve been
    > wanting will
    > happpen
    >
    >
    >
    > __________________________________________________
    > Do You Yahoo!?
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    > http://shopping.yahoo.com/ <http://shopping.yahoo.com/>
<<http://shopping.yahoo.com/ <http://shopping.yahoo.com/> >>
    >


Call me.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 01, 2001 5:11 PM
To:	Dasovich, Jeff
Subject:	RE: Meeting with Edison (John Fielder) re: Getting Edison to Pay Us What We're Owed for the PX Credit

Why does Edison care about DWR stranded costs?  Are these the costs of the bonds or the above market long-term contracts?

Jim

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Monday, October 01, 2001 5:07 PM
To:	Steffes, James D.
Subject:	RE: Meeting with Edison (John Fielder) re: Getting Edison to Pay Us What We're Owed for the PX Credit

In terms of our proposal, went over it with Wanda and Michael last week, and they, I believe, ran it by Swain.  The real issue is what (if anything) we do about Edison's desire to lock down undercollection and DWR stranded costs as part of the deal (which they likely view as a pretty good hedge, since it's looking less than 50-50 that the Legislature isn't going to pull it off).

Best,
Jeff

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 01, 2001 5:03 PM
To:	Dasovich, Jeff
Subject:	RE: Meeting with Edison (John Fielder) re: Getting Edison to Pay Us What We're Owed for the PX Credit

We need to discuss the economics of this on our book (assuming that these costs hit our pocket and not our customers).

Jim

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Monday, October 01, 2001 3:56 PM
To:	Kean, Steven J.; Shapiro, Richard; Steffes, James D.; Mara, Susan; Kaufman, Paul; Mellencamp, Lisa; Curry, Wanda; Tribolet, Michael
Subject:	Meeting with Edison (John Fielder) re: Getting Edison to Pay Us What We're Owed for the PX Credit

Talked to John Fielder (SVP at the utility) this morning in an attempt to determine if Edison will come around and pay us the PX credit they owe us.

Summary of our offer:
Edison pays us 90% of what they owe us as of 01.17.01.
Payment structure: Edison pays us 10% immediately, with an agreed to (speedy) payment schedule for the remaining 90%.
In return, we drop our complaint against Edison at the PUC.
In return, we agree to a bottoms-up approach retroactive to March 1 to replace the current PX Credit/Residual CTC framework.

Fielder said that he didn't see any show-stoppers in our proposal, but had to check back on his end.  However, there were three additional issues that he wanted to add to any deal:
Some agreement regarding payment of Edison's undercollection (this would cover any of our DA customers who were bundled services customers pre-January 17). We agreed that this would only be an issue to the extent that the Legislature and/or the PUC agreed that Edison should get authority to recoup its undercollection in rates.
Some agreement on DWR stranded costs.  John expressed the view that DWR bought power under the assumption that the customers who've recently gone DA would be there to take the power, and now that they've left, they should contribute in some way to any stranded costs. I told John that this issue is a hornet's nest, that we were better off leaving it out, but we'd consider his proposals.
Some agreement on forebearance.  I told John that if Edison agrees to pay us, it didn't seem that forebearance would be off the table.

We agreed to touch base at the same time Wednesday morning.  The idea is that he'll get back to me with Edison's reaction to our proposal; and we'd get back to him on Edison's proposals.

Might be useful to determine whether we want to continue the discussions.  While John seemed very inclined to work something out, all signals are that the Legislature isn't inclinded to bail Edison out next week.  In which case, Edison could be in bankruptcy in a couple of weeks, which would presumably nullify any agreement we might reach with them. On the other hand, if the Legislature pulls a rabbit out of a hat, an agreement might have real value.

Any comments folks have on 1) Edison's proposals and 2) whether it makes sense to continue discussions on Wednesday are appreciated.  Seems that, at a minimum, if we agree to consider Edison's proposals, then our payment should go from 90 cents to 100 cents on the dollar.

Best,
Jeff