thanks so much for the note.  I remember our trip to Dubuque very well.  My father asked about you many times after that visit we had the evening before our meeting.  I am glad you are well and wish you the very best for the holidays and the new year (I'll be glad when this one is over).

-----Original Message-----
From: Frasier, Bill
Sent: Friday, December 21, 2001 10:40 AM
To: Kean, Steven J.
Subject: Hello

Steve,
I am very disappointed to learn that you will leave the company.  I remember you as that real go-getter who learns new words each week.  During our trip to Dubuque, the word was "elect" and I have elected to adopt that term many times since.  You have remained a bright light to me as I followed your success.  I am saddened that you will be some place else.  But you will always be a friend.

Bill Frasier
Omaha


not available due to other meeting

 -----Original Appointment-----
From: 	Bates, Kimberly
Sent:	Tuesday, October  16, 2001 8:47 AM
To:	Boyt, Eric; Moon, Eric; Diamond, Russell; Neal, Scott; Vickers, Frank W.
Subject:	Calpine
When:	Tuesday, October  16, 2001 4:00 PM-5:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	3259

On Behalf of Jared kaiser


Please see the attached summary.

 - 12-21-01.doc


Can I get a list of the traders that will make up the new reporting list for the new company as we stand today?  We need to get new books set up, and also we need to get the V@R engine ready to go as well.

Thanks


Richard and Bill,

The following clean up needs to be done before we finalize our pre-trial
materials due 7/3/01:

          1.  Interview Enron employees Paul Pizzolato, Chris Helfrich, and
Jim Easter to ascertain (a) whether they have sufficient memory of the NSM
transaction that we should add them to our witness list to strengthen our
testimony about the quality and quantity of Enron's due diligence and (b)
whether they have any documents or computer files that should have been
produced earlier in response to the basic document requests in the case.
(This is not an entirely defensive exercise; Pizzolato or Helfrich might have
computer models that would strengthen our case.)

          2.  Go back to Ray Bowen and find out if he/ECM has documents
relating to NSM.  We asked him before, but he never responded.  Jim Easter
might know the answer to this question, if he is still in ECM

          3.  Talk to Chris Hunt to ascertain whether he or someone else in
his (former?) group should be added to our witness list to discuss due
diligence carried out by Enron International.

          4.  Figure out how we can prove with admissible evidence the precise
amounts of all of Enron's investments in NSM and the identity of the
particular Enron entity making each of those investments.  I have pieced most
of the necessary facts together from McDonald documents and a privileged Akin
Gump memo.  This will not do at trial, unless everyone stipulates to the
facts, which I would not count on.  I know it sounds simple, but we need a
witness on this point and records to back him/her up.

          5.  Consider whether we need to include someone from Bear Stearns,
ECT Securities' clearing firm, on our witness list.  We have to prove that ECT
Securities did not purchase or sell any NSM securities.  Donna Lowry (or
possibly Kevin) may be able to flat out testify to this, but it would be a lot
better to back her/him up with account records.  Donna has recently obtained
the necessary records from Bear Stearns; but, unless everyone will stipulate
to admissibility of these records, I am not sure that Donna alone can get them
in.  We may need a Bear Stearns person.  Maybe we could just list such a
person generically on our witness until we see if the parties will stipulate.

Bill, a number of these matters may still be open when I leave in a week, so
you will have to follow up (unless the 7/3 deadline gets extended on 6/21).
Jonathan Goldblatt can help.  Typically, Richard likes to talk with any
present or former Enron employee before we do.

Steve

                   ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

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Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
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11:00pm CDT...

Nymex = 2.80 = sprayed
Kern/Opal BOM = 2.42 = sprayed

Basis = tighter = sprayed

ENE = 20.9 = sprayed

Have a nice day.


If it will help, I will see if I can find the last version transmitted to
Lisa et al,  so they don't have to start from scratch.

Kay

"THOMAS CONSTANTINE" <TCONSTAN@LLGM.COM> on 05/01/2001 11:44:30 AM
To: Pthompson@akllp.com
cc: Bill.Williams@enron.com, dale.rasmussen@enron.com, Jim.Gilbert@enron.com,
kay.mann@enron.com, Lisa.Bills@enron.com, Roseann.Engeldorf@enron.com

Subject: GE Breakout Contract - LVCII

** High Priority **

Peter: Further to voicemail and email, please send the current version of the
GE Breakout agreement for the LVCII project to Lisa.Bills@enron.com and
Roseann.Engeldorf@ENRON.com

We anticipate that it will be necessary to modify the GE Agreement per
comments that would be transmitted by Rose or Lisa and would ask that the
document be turned around as quickly as possible.

If you have any questions you can reach me at 904 630 5376.

Tom Constantine

Thomas B. Constantine
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
50 N. Laura Street, Suite 2800
Jacksonville, FL 32202
904-630-5376
tconstan@llgm.com

==============================================================================
This e-mail, including attachments, contains information that is confidential
and may be protected by the attorney/client or other privileges.  This
e-mail, including attachments, constitutes non-public information intended to
be conveyed only to the designated recipient(s).  If you are not an intended
recipient, please delete this e-mail, including attachments, and notify me.
The unauthorized use, dissemination, distribution or reproduction of this
e-mail, including attachments, is prohibited and may be unlawful.

==============================================================================


See the attached.  The proceeding certainly isn't over, but I think the
parties have done a great job of submitting a settlement that the Commission
will eventually approve, provided the parties present sufficient evidence to
support such a decision.  (Unfortunately, we expect the settlement to be
protested.)  Direct testimony is due May 5.  To streamline things, the
parties are going to consolidate efforts and have divided up the testimony by
topic.  Of course Transwestern got the Hector Road issue.  I plan to put Mr.
Fawcett on as a witness.  Our issue is not particularly controversial
anymore, so I do not anticipate rigorous cross-examination; nevertheless, I
will probably ask your assistance in preparing the witness for the hearing,
which begins May 30.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 04/17/2000
03:53 PM ---------------------------

Jeffery Fawcett
04/17/2000 03:42 PM
To: Steven Harris/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, mbaldwin@igservice.com, Jeff Dasovich/SFO/EES@EES
cc: Julia White/ET&S/Enron@ENRON, Tim Aron/ET&S/Enron@ENRON

Subject: GIR settlement

As you know, approximately one year ago Transwestern first learned of a dark
cloud looming on the regulatory horizon in California.  The CPUC in its draft
Order on the Gas Industry Restructuring proceeding in May, 1999 listed, among
a variety of "promising options," the institution of Mojave's "Hector Road"
as a commercial receipt point into the SoCalGas system.  In fact, the CPUC
held in its "Findings of Fact" with regard to Hector Road that:

 - It is unlikely that the market will accurately reflect the value of
transmission resources if SoCalGas were to define its marketable transmission
access in a way that did not include the Hector Road facilities, and

 - The failure to provide at least window-style access through Hector Road
has resulted in lost opportunities for bringing relatively inexpensive gas
into Southern California.

The basis for the CPUC finding came from testimony taken during the
proceeding indicating that the use of Hector Road displaces deliveries to the
constrained delivery point at Wheeler Ridge.  In other words, whatever could
be delivered by Mojave at Hector Road frees-up space at Wheeler Ridge, a
delivery point many in the marketplace considered more desirable.

As first articulated by SoCalGas in its draft settlement proposal in the
summer of 1999, the Hector Road point would be established as a formal
receipt point into SoCalGas, with rights equal to Transwestern's delivery
point at North Needles.  With a meter capacity of 200 MMcf/d, and with the
market's apparent interest in securing additional capacity at Hector Road,
Transwestern was facing the real possibility of losing up to 200 MMcf/d of
access rights into SoCalGas at North Needles.  Using an average transport
rate of $0.25/Mcf, the resulting loss in transport revenues would be $19MM
per year.

Through months of [seemingly endless] negotiations, and through an
educational process begun by Transwestern during one of the early settlement
meetings back in September 1999, Transwestern went from a party with a
"bullseye" clearly taped on its back, to a party that other stakeholders were
depending on for a principled solution to these receipt point issues.  As it
stands now, the Appendix A to the Settlement Agreement, "Primary and
Secondary Receipt Point Access Rights" is nearly identical to the principles
outlined by Transwestern in that September settlement meeting.

I only re-state the obvious here to remind the group what their hard work has
accomplished.  Not only am I proud to see that the resulting Settlement
Agreement filed with the CPUC today treats Transwestern and its shippers
equitably, but I'm proud that the work group we cobbled together for this
effort functioned like a "well oiled machine."

I thank each of you for your efforts to get to this point.  We know we've
still got a lot of work to do to gain CPUC approval of this document, but no
matter what happens, we can be proud of what was accomplished here.

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 04/17/2000
02:49 PM ---------------------------

	From:  Susan Scott                           04/17/2000 02:42 PM

To: "Sullivan, Glen J." <GSullivan@sempra.com>
cc: "'MBD'" <MDay@GMSSR.com>, "'Leslie, John'" <jleslie@LUCE.com>,
"'Elsesser, Evie'" <eke@aelaw.com>, "'McCrea, Keith'" <kmccrea@sablaw.com>,
"'Pocta, R. Mark'" <rmp@cpuc.ca.gov>, "'Dasovich, Jeff'"
<jdasovic@enron.com>, "'Beach, Tom'" <tomb@crossborderenergy.com>,
"'Burkholder, John'" <burkee@cts.com>, "'Amirault, Paul'"
<paulamirault@aec.ca>, "'Alexander, Michael'" <alexanms@sce.com>,
"'Chancellor, Craig'" <craigc@calpine.com>, "'Dingwall, B.'"
<bdingwall@unitedgas.com>, "'Douglass, Dan@SES'" <douglass@arterhadden.com>,
"'Fawcett, Jeff'" <jfawcet@enron.com>, "'Porter, Doug'" <porterdk@sce.com>,
"'Rochman, Michael'" <rochmanm@spurr.org>, "'Counihan, Rick'"
<rick.counihan@greenmountain.com>, "'Bayless, David'"
<david.bayless@utility.com>, "'Paul, Joe'" <jmpa@dynegy.com>, "'Jimison,
John'" <johnj@bcjlaw.com>, "'Foss, Robert'" <rfoss@coral-energy.com>, "McVay,
Nancy W - TPNWM" <NMcVay@socalgas.com>, "'Karp, Joe'"
<karpjos@sf.whitecase.com>, "'Johnson, Pamela'" <Johnson_pamela@lacoe.edu>,
Steven Harris/ET&S/Enron@ENRON

Subject: GIR settlement

Glen, I'm faxing you Transwestern's signature page and declaration.  An
electronic version of the declaration is attached.


As many of you know, I am going to be leaving Enron to pursue new
opportunities.
  I am leaving with regret,  as I have enjoyed working with all of you, and I
believe EBS
  is poised for great success in Asia.   To assist in a smooth transition,  I
have prepared
  this report on  the status of all EBS East Asia regulatory affairs actions
I am working on,
  and my thoughts about next steps.    A list of key contacts is also
provided.    Mark
  Schroeder will reassign pending actions.

   Again, many, many thanks for your support and encouragement and for what I
have
   learned about broadband and EBS from each of you.

1.   Singapore

 (a)  SBO License Application:

        The application was completed in draft in December.   Dan Arzola of
EBS Asia
        has a copy in Houston.   We cannot proceed further on the application
until we
        decide what  legal entity to use.   We have a legal entity (Enron
Broadband
        Services Pte Ltd) set up that encompasses all EBS activities
including bandwidth t
        trading.

        The legal entity that we use in the application will have to pay a 1%
annual gross
        turnover fee unless we get it waived by the regulator on the grounds
that the
        turnover fee was never intended to capture bandwidth trading
revenue.   This
        is a possible option in my opinion as the regulator (IDA) does not
want to be working at cross
        purposes with other parts of the government that wish to provide EBS
with incentives.
        See below.

    (b)  Legal Due Diligence:

        However, before pursuing a waiver from IDA,  we were planning to
complete legal due
        diligence to examine any options for avoiding the fee without a
waiver.
        Donald is of the view (see his Jan 9 e-mail ) that bandwidth trading
has to be
        licensed by the regulator.  ( In Europe, bandwidth trading usually
does not
        require telecom licensing.)   If Donald is correct as he probably is,
there may be
        less need of further legal research  on that point unless perhaps to
confirm absolutely
        that there is no way to shield EBS bandwidth trading from the
turnover fee apart from
        a waiver or reduction of the fee.    For example it is possible  that
Jan Haizmann
        or others may figure out a way to have actual trades escape the fee
(done offshore
        for example).   Jan I believe has some ideas on this that he adanced
in the context
        of Korea.

        I believe it would still be prudent  to proceed as we had planned to
engage
        a law firm here in Singapore (as we have in Hong Kong and Japan) for
the purpose
        of guiding us through these sorts of questions (or at least
confirming our reading)
        and answering the many other questions posed in a matrix developed by
a working
        group headed by Wayne Gardner.   We will likely be needing the firm
anyway at
        some point.

        I have prepared a list of seven law firms engaged in telecoms
practice in Singapore.
        EBS General Counsel is planning to examine its Asia strategy and whom
to send and
        when to engage a firm to complete Wayne's questionnaire and for other
purposes.

         My advice is, after the due diligence is completed or we have at
least confirmed
         that bandwidth trading is required to be in the licensed entity,
probably to go to the IDA and
         discuss the implications of the fee for us.   The contacts I would
suggest discussing this
         with are Andy Haire and Fiona Yeo (see contact list).]      IDA does
not wish to prevent
         EBS's coming to Singapore, and the fee was of course set up without
bandwidth trading
         specifically in mind as a revenue source.   Bandwidth trading was
referenced in the
         Code only later as a result of Enron's comment letters.

  (c)  Arthur D Little consultant proposal to support EBS Pioneer Status
Application

         This 75k proposal is now with us in final form, after undergoing
changes by me
         and two by our Houston tax lawyers.   I was to have gone to ADL
Singapore next
         for a meeting to question them on how much of this they are able to
         do independently without reliance on us.   This was a suggestion
made by
         Jim Ginty of EBS tax to make sure they would not be reprocessing our
info,
         I also intended to get them to pinpoint which of the products would
be quantified,
         rather than a "where appropriate."     Assuming we proceed with this
proposal,
         someone else will need to do this conversation with ADL Singapore.

         I have forwarded the final proposal to Wayne Garder and Mark and
most other
         interested parties earlier this week.

        NB:   Someone needs to be appointed to contact Simon MacCormac at ADL
and explain
        at least our timing and process for getting back to him, as a
courtesy.   I have not
        replied to his final submission as of now.   See contact info at end
of e-mail.

         For background,  the reason I believe EBS needs this work and sought
a consultant
         proposal is that Pioneer Status is typically awarded  to companies
that make major
         dollar, infrastructure, and job-creation expenditures in
Singapore.   Our business
         model does just the opposite.   So, to be awarded Pioneer Status,
which the EDB is
         very willing to consider us for after many months of persuasion,  I
believe we need to
         help EDB demonstrate what the quantitative spin-off benefits are for
Singapore from our
         developing bandwidth trading here (e.g. increased efficiencies of
capacity utilization,
         effect of lower bandwidth prices on attracting investment).   This
is a job for a  development
         economist teamed with someone who knows about bandwidth trading.
To my mind,
         if ADL cannot produce the bandwidth trading specialist we want, it
might be worth it
         to have one of our experts assigned to liaise with  them, and adjust
the contract
         accordingly to reflect what part we are providing.

         One thing the ADL scope of work does not provide for is the actual
completion of
         the Pioneer Status Application - only the supporting economic
analysis.  That is because it is
         proper for us to be the ones outlining our business plan for
Singapore, rather than
         running that information through ADL and charging its overhead.  The
idea is to get
         ADL to perform the quantitative economic development analysis we
cannot do in-house.

    (d)   Direct contact with EDB on EBS's plans

         EDB (Chelsia Lim ) has this week asked EBS to update her on its
business
         plans for Singapore.    I have made sure Craig Clark will take the
responsibility
         for seeing this is handled.   While a courtesy call is fine, I would
advise
         not to brief her formally until EBS has really decided what our
plans are,
         with staffing, etc.   They have been asking for our plans for a
while, and
         are waiting for some specifics when we have them.

2.    Hong Kong

        We have  2 licenses:   IVANS (value added services) and ETS (external
        telecoms services (includes bandwidth trading).

        There are several documents in draft and clearance which need to be
filed
        under these licenses before we are able to operate in Hong Kong.
        The principal ones are (a)  the system configuration plan,   (b) the
tariff for
        sale and trading of circuits under the ETS license (c) the tariff for
Mediacast
        services under the IVANS license, and (later) (d) a tariff for
VOD/EOD to
        be filed under the IVANS license.

        (a)  status of system configuration plan:

        The plan is done in draft and is being held pending a decision to be
         communicated by Roger Estrada within the next week or two as to
whether
         the Lucent 10G equipment described in the plan will be changed to
other
         equipment.    The HK lawyers  (Michelle Chan of Clifford Chance)
have said
         that if we plan to provide other equipment at the outset, we ought
to just
         wait and send in the correct description rather than revise.   If we
do stick with
         the Lucent equipment , we will also need to revise our orginal
license
         application as well (says Michelle Chan)  to include description of
related
         Cisco equipment that was not mentioned in our orginal license
application.

         When the system configuration plan is done in final, we also need to
         change the listed destination in the diagram from "San Jose"  to
"West Coast
         USA,  Japan, Singapore, and Australia".

         There are two copies of the present draft submission typed on the
OFTA forms.
          I have given one to Craig Clark of EBS to carry back to Houston.
The other
         copy is with Annie Ng in our Singapore office.

         When we know what equipment we are going to be using, Tom Wei needs
to
         revise the diagram and also make the changes in destination referred
to above.
         Other small edits need to be made in Appendix A (see Dec 28 e-mail
referenced
         below).   My successor should review the whole package once more
with Michelle
         Chan in final.    Then the final package needs to be cleared by
Anthony Duenner
         and our EBS lawyers before going to Ken Rice or another qualified
Director of
         our Hong Kong company for signature.   After that it goes back to
Michelle Chan
         for filing with OFTA.

         NB:   See Michelle Chan's e-mail of Dec 28, being repeated
separately, for
                  further information.

       (b)   Tariffs for BWTrading under ETS License

        In December in Houston I worked with Bill White and his staff on a
tariff plan for
        bandwidth trading in HK.   Based on a meeting I had with the
regulator in Hong
        Kong,   we agreed to file pro forma ceiling prices rather than an
entirely new
        and variable system which the regulator insisted we not do.
Ceiling  prices
        were developed and submitted to Michelle Chan for review.

        Along with the prices we are required to submit our Terms and
Conditions.   For
        that I used EBS General Terms and Conditions (GTC's) for trading
obtained from
        Robbi Rossi and Michelle Heard.  Mike Grimes  has a set as well.

        Present status:  Right now a dialogue is under way between Michelle
Chan and
        Robbi Rossi as to whether it is sufficient to file the GTC's alone or
whether
        certain exhibits, service level agreements, and confirmations
referred to in
        the GTC's must also be filed.   There are other questions being
discussed in
        that channel  such as how to handle variations in the terms based on
        commercial dynamics.     All these e-mails will be  forwarded.   Once
these
        issues related to the GTCs are resolved, the tariff for bandwidth
trading should
        be filed, going through Michelle Chan.

        NB:  See Michelle Chan e-mail of 1/09/01 which being forwarded
separately.

     (c)  Tariff for Media Cast under IVANS license:

       I worked with Leroy Ho and Ken Wang in December and we submitted the
main
       part of the Media Cast tariff to Michelle Chan.   However, we still
need to get the
       Terms and Conditions for Media Cast from Robbi Rossi or Michelle Heard
and
       attach them to the tariff diagrams and submit them to Michelle Chan.

       NB:   See my e-mail to Michelle Chan of Dec 21 which being repeated.
       Someone needs to work with EBS legal to get the T and C's for Media
Cast to Michelle
       or to set up direct channel between EBS legal and Michelle Chan as in
       the case of the exchanges on the T and C's for Bandwidth trading
referred
       to above.

      (d)   Overall change of responsibility for EBS Regulatory HK

        Michael,  or whomever will be taking over these responsibilities,
should
        get from Michelle Chan of Clifford Chance Hong Kong a fresh copy of
        Alison Lindsay's letter to Xi Xi of October 2000 stating that we
received
        our licenses and setting forth in detail all of the requirements.
This is the
        master document ("bible") on compliance under our licenses and will
catch any
        detail not included above.   For example:

            - my successor should also file a new form with OFTA,  the Hong
Kong
              regulator (form is included in the attachments to the letter)
naming
              himself the point of contact, replacing me.    Michelle Chan
can forward
              the letter to the regulator.

           -  we will need to be selecting an independent auditor to certify
certain routine
              reports we may need to file in future.   I have not started on
that.

3.    Korea

       Robbi Rossi needs to call Kim and Chang (law firm we use in Korea)
       to authorize them to research and provide advice to us on how to
handle
       the apparent regulatory impediment to Bandwidth Trading in Korea that
       we identified during my November trip.

       Once Kim and Chang starts work on this, someone from regulatory should
       be made available to help guide Kim and Chang on our regulatory
       questions, in coordination with Robbi Rossi.

       The key e-mails are (a) one from me outlining the overall problem and
        some suggestions for dealing with it ;  (b) one from Jan Haizmann
with
        some additional and in some cases alternative suggestions on how
        to deal with it,  (c)  two from Jae Moo Lee in Korea with additional
        points of view.  These will be forwarded.

  4.   Japan

       Our regulatory consultant is Art Yanagawa.   Contact info below.  Mike
Grimes
       and I have been in meetings with him and  Mike is fully briefed to
carry on the
       on-the-ground  part of contacts with Art.   Art also responds to
Donald and
       Roger Estrada and relies on them for guidance and input.

      At some point it should be thought through who should be the point
person
      to manage  this contract and approve payments, or decide to leave things
      as they are with approvals done in Houston.    The present system works
but
      it is not clear to me who is responsible for what.

      Art has prepared the amendment to our Special Type 2  license to add
      service to other destinations.   The latest status was that he was
holding
      the amendment over the holidays while clarifying some points raised by
      Mike Grimes.    Someone needs to be assigned responsibility for
      getting the amendment through.

      General Concern:

      A more general regulatory concern for us in Japan is that our
consultant
      advises us that we cannot use the term bandwidth trading  in
      communications with the government because it is not something
      contemplated in the Telecom Business Law,  so is prohibited if
      stated as we would state it elsewhere.

      We therefore are having to go through elaborate contortions to make
      what we are planning to do actually look like we are doing something
      else.    I admit that I agree with the approach we are taking for now
and
      can offer nothing better for the immediate term.

      However, I would say that long term we are running some risks.    If we
      are going to make Japan  one of the centerpieces of our  Asia EBS
      strategy,   I think we need to consider devoting more full time EBS
      regulatory resources to Japan exclusively.

       The allocation problem is that whatever regulatory resources we apply
       have to focus on  immediate license amendment  and operational
       questions that drive out time to work effectively on long term
       issues such as how to go about amending the Telecommunications
       Business Law  to allow bandwidth trading explicitly.    This would seem
       important to reduce long term risks to our business strategy.

5.    "Digital Divide"

       I had been giving intermittent support to helping Scott Yeager and
Justin
       Cornett of EBS, and Will Reed of Technology for All, figure out how
       to expand the concept of Technology for All to Asia.    The strategy
       was to utilize some of Japan's $15 billion pledge of funds to support
       digital divide activities in Asia - to support the expansion into Asia
of
       the EBS-supported TFA model.    This work will cease unless it can
       be picked up by Laura Lannarone of corporate social responsbility
       or Steve Burns of the DC office.

6.   KEY CONTACTS for operational items in this memo:

(a)   SBO License:  InfoCom Development Authority of Singapore

        (1)  Ms. Fiona Yeo, Asst Dir Competiton  - 211-1824
        (2)  Mr. Andrew Haire - Senior Director Policy and Regulation -
211-1731
        (3)  Ms Hema Ramnani - Manager- Policy   211-1860
        (4)  Ms Aileen Chia, Deputy Director, Economic Regulation - 211-1883
        (5)  Ms Ng Cher Keng, Director, Policy - 211-1828

(b)  Pioneer Tax Status:  Economic Development Board

       (1)  Chelsia LIM - Senior Officer Infocomms and Media - 832-6676
              <chelsial@edb.gov.sg>
       (2)  Bernard NEE -  Head, Infocomms and Media - 832-6964
       (3)  Sean LOW - Senior Officer Infocomms and Media - 832-6260
              <seanlow@edb.gov.sg>
       (4)   LEE Eng Keat - same as above - 832-6006

(c)  Arthur D Little proposal

        (1)  Simon MacCormac - Associate Director
              297-2300
              <maccormac.simon@adlittle.com>

        (2) Peter J Connell - Vice President
               207-2300
             <connell.peter@adlittle.com>

(d)  Hong Kong License filings:

       (1)  Michelle Chan  852-2825-8888
              <michelle.chan@cliffordchance.com>

       (2)  Alison Lindsay
               <alison.lindsay@cliffordchance.com>

        (3)  OFTA:  M.H. Au
               Senior Asst Director (Regulation)
               852-2961-6688
               <mhau@ofta.gov.hk>

(e)  Japan Telecom regulatory consultant to  EBS:

       Art Yanagawa
       81-3-5418-7056
       <arthur@asianet.co.jp>

David

       for example, the option of whether we can break bandwidth trading
functions
       out of the entity


TWanda, please calendar and then make a file entitled "Employees in Right
Company" and give to me on the date of the meeting.  Thanks a lot.  MHC
---------------------- Forwarded by Michelle Cash/HOU/ECT on 02/08/2000 01:15
PM ---------------------------

	Enron North America Corp.

	From:  Christa Aguilar @ ENRON                           02/08/2000 10:34 AM

To: Michelle Cash/HOU/ECT@ECT, Kate Cole/Corp/Enron@ENRON, Pam
Butler/HR/Corp/Enron@Enron, Mary Joyce/HR/Corp/Enron@Enron, Dolores
Lenfest/HR/Corp/Enron@ENRON, Cynthia Barrow/HR/Corp/Enron@ENRON, Ann
Park/HR/Corp/Enron@ENRON, Charles Philpott/HR/Corp/Enron@Enron, Karen
Choyce/Corp/Enron@ENRON
cc: Felecia Acevedo/Corp/Enron@ENRON
Subject: Have we got employees in the right Company?

A meeting has been scheduled for Thursday, February 10th, from 10:00 a.m. to
11:00 a.m. in conference room EB15C1.  Please confirm with me
through e-mail or voice mail (3-5911) by Wednesday, February 9th.   Please
see below for a brief description on the meeting from Felecia Acevedo.

Thank you,
Christa

______________________________________________________________________________
________________________________________________
Drew Lynch has asked that I coordinate a project to determine if we have
employees in the correct companies (for U.S. companies) and do we know the
ownership structure of both domestic and foreign companies.  We will approach
this in three phases as below:

Phase I - On our payroll system - do we have employees in the correct
companies in EPC and do we know which ones are wholly owned by Enron;

Phase II - Not on our payroll but in the U.S. -  do we know who the employees
are, what companies they work for and how our ownership is structured;

Phase III - Not on our payroll and outside the U.S. - do we know who the
employees are, what companies they work for and how our ownership is
  structured.

 I will have some preliminary work completed and would like to review it at
that time.

Felecia


They should be approved today.  They were on last night's list.

	Mary Griff Gray/ENRON@enronXgate
	05/17/2001 10:01 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Nobel Americas --- ability to transact MTBE

Tana --

How soon will this customer be able to transact MTBE?  Tom Moran, in credit,
has already blessed this product.

Thanks,
Griff
x3-5753


Hi,

The October ISO Actualizations are completed for Preliminary and Final Invoicing.  The Flash file can be found in the CALISO shared folder in the M: drive, with the title, "1000 A and M Settlements Summary Flash_051001.xls."  I have added columns to show the amounts settled with customers based on estimates, and the amounts remaining.

Please feel free to call me if you have any questions.

Caroline
464-3718


-----Original Message-----
From: 	Exchange Information <Marketing@NYMEX.com>@ENRON
Sent:	Wednesday, November 14, 2001 9:02 AM
To:	Exchange Information
Subject:	(MS-76) MEMBER FIRM PRIVILEGES

Notice No. MS-76
November 14, 2001

COMMODITY EXCHANGE, INC.

MEMBER FIRM PRIVILEGES

	Please be advised that effective with the close on November 2, 2001,
Merrill Lynch, Pierce, Fenner & Smith, Inc., has acquired Merrill Lynch
Futures, Inc.  Merrill Lynch, Pierce, Fenner & Smith, Inc. has assumed the
clearing member firm privileges of Merrill Lynch Futures, Inc.  As a result,
Merrill Lynch Futures, Inc. has been terminated as a clearing member firm of
COMEX.

	Members and Member firms have (10) days from the date of this notice
to advise the Corporate Secretary's Office of any claims against Merrill
Lynch Futures, Inc.

	Inquires regarding the above should be directed to the Member
Services Department at (212) 299-2377.


Will do.

From: Barbara N Gray@ECT on 10/25/2000 06:03 PM
To: Kay Mann/Corp/Enron@ENRON
cc: Jeffrey T Hodge/HOU/ECT@ECT

Subject: Re: ABILITY TO SELL GE LM6000

please call Dwight Beech @33934 and advise him of your time schedule and
expertise.....      and your commitment to prepare these matters for
him..........it is my understanding that in the non-binding letter of intent
he wants to get a commitment that the counterparty will not deal with anyone
else for a period of time.......i don't have any more details than that...he
also stated that Ben Jacoby has a "redacted version of the GE AGREEMENT" that
he wants to send out.....since I have no knowledge of the GE Agreement, any
confidentiality provisions therein or elsewhere or of any past practices in
this regard, I hesitate.to express an opinion on this..

I am sorry to hear of you and your son's strep conditions; I hope that you
received medication to alleviate the symptons.
If  Dwight needs something this week please  call Shonnie at31463 ; she can
help meet the needs while you are out......with your expertise on the GE
matters..........................Jeff is not in today and I will be out of
the office from 11:oo on tommorrow and all day Friday  (V&E TRIPLE LUTZ
negotiation) but will be checking voice mail.

	Kay Mann@ENRON
	10/25/2000 03:20 PM

		 To: Barbara N Gray/HOU/ECT@ECT
		 cc: Jeffrey T Hodge/HOU/ECT@ECT
		 Subject: Re: ABILITY TO SELL GE LM6000

I'll be glad to handle it so long as it doesn't have to be done this week, as
I have strep throat (Michael and I got a group rate at the peditricians'
office.)
Who should I contact?

Kay

From: Barbara N Gray@ECT on 10/25/2000 02:44 PM
To: Kay Mann/Corp/Enron@ENRON
cc: Jeffrey T Hodge/HOU/ECT@ECT

Subject: Re: ABILITY TO SELL GE LM6000

do you the time to handle the CA and basic term sheet

	Kay Mann@ENRON
	10/25/2000 02:21 PM

		 To: Barbara N Gray/HOU/ECT@ECT
		 cc: Jeffrey T Hodge/HOU/ECT@ECT
		 Subject: Re: ABILITY TO SELL GE LM6000

Hi Barbara,

I'm on the phone with the GE folks right now, as we have a standing
conference call with them every Wednesday at 130.  I'm familiar with the
people and the contractual terms at issue, and will be happy to discuss it.

Kay

From: Barbara N Gray@ECT on 10/25/2000 11:38 AM
To: Kay Mann/Corp/Enron@ENRON
cc: Jeffrey T Hodge/HOU/ECT@ECT

Subject: ABILITY TO SELL GE LM6000

Kay I received a call from Dwight Beech,who used to do powere-type work....he
is now in a different group.  While in that group he formed a relationship
with individuals at Jones Capital Corp. They have somehow discovered that
Enron has the above mentioned turbines and they wish to purchase 2 or
more......I understand from Dwight that there are restrictions which affect
ENA's right to sell the turbines to 3rd parties and that there may be ways to
structure around these.

Please call so that we may discuss Ben Jacoby has been speaking with Dwight
and wants a basic term sheet AND a confidentiality Agreement.   bng    I
presume from our discussions you are familiar with the GE issues.


Per our meeting,  I added a switch so that the pipeline can accept or reject
the best bid
if the best bid is not the cap rate.

Zimin


Thanks for the response - You both have the approprate person at Merced to
contact to get clarification with respect to authorization.  They are aware
that you may call.  At this point they are fully hedged in the near term so
future deals will be back years (precisely the term we may be concerned with).

Stewart

From: Sara Shackleton on 09/01/2000 12:41 PM CDT
To: Christian Yoder/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Re: merced

The ISDA Master  does not circumscribe the trade term or trade parameters.
The issue which we discussed is authority.  The Merced resolution of March
16, 1999 specifically authorizes the general manager "...to develop and
provide appropriate information, and certifications for completing Master
Trading (ISDA) Agreements with energy vendors and execute Master Trading
(ISDA) Agreements and appropriate vendor Schedules to the ISDA Agreement for
the purpose of acquiring energy and stabilizing energy costs.  Such
executions are subject to Counsel review of the agreement and schedules as to
form."  There is no specific mention of authority to enter into transactions
(by Merced's traders).
Intuitively one could draw the conclusion that the ISDA Master contemplates
transactions, Merced authorized the ISDA Master and therefore Merced
authorized transactions under the ISDA Master.  Since Merced is a
governmental entity, the safer view is that we should not assume that Merced
authorized transactions.  Merced probably intended to authorize transactions,
and if so, should not have an issue with specifically providing a clarifying
resolution.
Sara

	Christian Yoder
	09/01/2000 11:22 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Stewart Rosman/HOU/ECT@ECT
		 Subject: merced

Does our ISDA with Merced contain wording that gives us legal comfort if we
do an 18 month trade?---cgy
---------------------- Forwarded by Christian Yoder/HOU/ECT on 09/01/2000
09:17 AM ---------------------------
From: Stewart Rosman on 09/01/2000 08:13 AM
To: Christian Yoder/HOU/ECT@ECT
cc:
Subject: merced

You need to call Jim Day 916-441-0131 to discuss any authority issues
concerning Merced trades. He can discuss charter particulars.

Stewart


OK?  Is the per unit rate for the Cal Border deliveries kosher on a firm
contract?  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/25/2000
01:46 PM ---------------------------

Christine Stokes
02/25/2000 10:03 AM
To: Steven Harris/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Lorraine Lindberg
cc: Kevin Hyatt/ET&S/Enron@Enron

Subject: Transwestern Contract Approval Request

TRANSWESTERN PIPELINE CONTRACT APPROVAL REQUEST

Please review the attached non-standard discount letter for Duke Energy
Trading & Marketing.  The one year contract for 10,000 Dth/d provides for
primary EOT-EOT transportation.  Duke is allowed to transport to
SoCal/Needles at an incremental rate based upon actual utilization.  Duke has
retained ROFR rights and rights to capacity release revenues above the
discounted rate.

Please indicated approval via REPLY WITH HISTORY.   If any questions arise
please contact me at x35702.


Please see the attached memo from INGAA regarding a meeting they and Joe
Hartsoe had with Dan Larcamp as a follow up to the meeting Rick, Linda and I
had with Dan Larcamp a couple of weeks ago.  INGAA asks that we not circulate
the memo widely.

We need to discuss what, if any, response ENA needs to make.  Donna and I
have been talking about this and we will set up a conference call with the
gas group to discuss further.  Please let us know if you have any questions
or comments.

Sarah

----- Forwarded by Joe Hartsoe/Corp/Enron on 07/06/2001 04:34 PM -----

	Joan Dreskin <jdreskin@INGAA.org>
	07/06/2001 01:48 PM

		 To: "Joe Hartsoe (E-mail)" <joe.hartsoe@enron.com>
		 cc:
		 Subject: Final Memo

 - july 5 MEMORANDUM to hartsoe1.doc


Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/21/01 05:55 PM -----

	Stephanie Panus@ENRON
	05/21/01 10:16 AM

		 To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Gordon
Heaney/Enron@EnronXGate, Janie Aguayo/HOU/ECT@ECT, Derek
Bailey/Enron@EnronXGate, Diane Anderson/NA/Enron@Enron, Scott
Tackett/Enron@EnronXGate, Celeste Cisneros/Enron@EnronXGate, Kimberly
Allen/ENRON@enronxgate, Julie Brewer/NA/Enron@Enron, Jason
Fischer/NA/Enron@Enron, Jorge A Garcia/NA/Enron@Enron, Kimberly
Hundl/Corp/Enron@Enron, Bianca Ornelas/NA/Enron@Enron, Melissa Ann
Murphy/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT, Sharen Cason/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT,
Stephanie Piwetz/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Tiffany
Williams/NA/Enron@Enron, William S Bradford/Enron@EnronXGate, Debbie R
Brackett/Enron@EnronXGate, Tanya Rohauer/Enron@EnronXGate, Brant
Reves/Enron@EnronXGate, Russell Diamond/Enron@EnronXGate, Lesli
Campbell/Enron@EnronXGate, Wendi LeBrocq/Enron@EnronXGate, Edward
Sacks/Enron@EnronXGate, Veronica Espinoza/Enron@EnronXGate, Veronica
Gonzalez/Enron@EnronXGate, Paul Radous/Enron@EnronXGate, Jason R
Williams/Enron@EnronXGate, Rudwell Johnson/Enron@EnronXGate, Darren
Vanek/Enron@EnronXGate, Aparna Rajaram/Enron@EnronXGate, Wendy
Conwell/Enron@EnronXGate, Ken Curry/Enron@EnronXGate, Tom
Moran/Enron@EnronXGate, Nidia Mendoza/Enron@EnronXGate, Angela Y
Brown/Enron@EnronXGate, Marilyn Colbert/Enron@EnronXGate, Diane
Ellstrom/Enron@EnronXGate, Lynn E Shivers/LON/ECT@ECT, Bill D
Hare/Enron@EnronXGate, Leslie Reeves/HOU/ECT@ECT, Jason
Moore/Enron@EnronXGate, Samuel Schott/Enron@EnronXGate, Anthony
Campos/HOU/ECT@ECT, Bernice Rodriguez/Enron@EnronXGate, Dale
Neuner/Enron@EnronXGate, Karen Lambert/Enron@EnronXGate, Frank L
Davis/Enron@EnronXGate, Carrie Southard/Enron@EUEnronXGate, Amber
Ebow/Enron@EnronXGate, Stacey Richardson/HOU/ECT@ECT, Lisa
Lees/Enron@EnronXGate, Camille Gerard/Enron@EnronXGate, Georgi
Landau/NA/Enron@ENRON, Cheryl Johnson/Enron@EnronXGate, Stephanie
Sever/Enron@EnronXGate, Sharon Crawford/CAL/ECT@ECT, Linda
Sietzema/CAL/ECT@ECT, Brent Hendry/NA/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT,
Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl
Nelson/NA/Enron@Enron, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Anne
C Koehler/HOU/ECT@ECT, Angela Davis/NA/Enron@Enron, Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Sacramento Municipal Utility District

We have received an executed First Amendment to ISDA Master Agreement by and
between Sacramento Municipal Utility District and Enron North America Corp.
dated effective as of April 26, 2001, which attaches a Credit Support Annex
to the existing Master Areement and amends certain other provisions in the
Schedule.

Copies will be distributed.

Stephanie Panus


The attached file contains updated August FOM volumes for CES.  This file is
an
update to the one sent on 7/24/00.   The changes are listed on the 'Comment'
worksheet.   Please call me if you have questions, problems, etc.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - Aug00_FOM_Req02.xls


yes

From: Martha Benner/ENRON@enronXgate on 01/31/2001 02:16 PM
To: Drew Fossum/ET&S/Enron@ENRON, Maria Pavlou/ENRON@enronXgate
cc: Sharon Solon/ET&S/Enron@ENRON

Subject: DC Reservations

Mary Kay is taking the 4:10 pm flight to DC on Monday arriving at 7:30 pm,
returning on the 7th on the 7:59 pm flight.  Let me know if you want to take
these same flights and I will have Sharon make the reservations.

If not I am waiting for info from TAP on other flights that are available.

Martha


Art/Scott

I have been trying to locate the right person in the organization to assist
with some questions about   Socal Gas.

Comment/Question:  Tricon, an EES gas customer behind Socal, paid
significantly  more for marketer gas service (IF SOCAL BORDER)   in Q4 00'
when compared to the cost of gas for Socal Gas customers.  How does Socal Gas
adjust for its cost of gas?  Is there a delayed true-up mechanism???  What
options are available should the customer return to utility service?

Tricon has been asking for the information for over a week.  I need an update
as soon as possible.

I appreciate your help.  Call me at X35976 if you have any questions,

Michelle


Please see the attached file for the notes of February 16th through 18th.

Thanks,  Bert


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.

Crude     http://www.carrfut.com/research/Energy1/crude18.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas18.pdf

Distillate and Unleaded charts to follow.

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG18.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG18.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL18.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


> Jeff / Mona --
>
> Thought both of you should look at Bob's e-mail.  Jeff -- this is follow
> up to the discussion we had yesterday as to opposing PG&E's request for
> interim relief in the PBR.
>
> Jeanne
>
> -----Original Message-----
> From: Bob Finkelstein [SMTP:bfinkelstein@turn.org]
> Sent: Thursday, September 23, 1999 11:00 AM
> To: 'jjz@cpuc.ca.gov'; 'bfinkelstein@TURN.org'; 'James Weil';
> 'KMILLS@CFBF.com'; 'JBENNETT@GMSSR.com'; 'Andrew Brown';
> Theresa_Mueller@ci.sf.ca.us; njfuruta@efawest.navfac.navy.mil; 'Marc
> Joseph'; 'David Marcus'; gayatri@jbsenergy.com; bill@jbsenergy.com;
> mcbyer@earthlink.net; dgrueneich@gralegal.com; phanschen@mofo.com; William
> Booth
> Subject: Response to PG&E Request for Interim Relief
>
> On September 15, PG&E filed a motion seeking a ruling on its request for
> interim relief.  They basically want treatment similar to that provided in
> the GRC, so that whatever outcome is adopted in PBR be effective as of
> January 1, 2000, regardless of when the final decision comes out (mid- to
> late-2000 is my best guess).  I'm beginning to draft a response opposed to
> such treatment, and propose that it be a joint filing with other parties
> that wish to oppose such treatment.  I hope to have a draft out by the end
> of Monday; the response is due on Thursday, September 30.
>
> There is a broad strategy call that has to be made at the outset to
> determine whether we should oppose or support PG&E's request.
>
> As most of you will recall, PG&E requested approval of annual attrition
> adjustments in its GRC.  This request was opposed by a number of parties,
> and I believe that PG&E won't get this part of its GRC request.  They
> don't
> have attrition now, and the Commission denied Edison's request for
> attrition in its 1995 test year GRC.
>
> If my prediction proves correct, such an outcome obviously strengthens our
> hand in any PBR proceeding, since the comparison of any proposed PBR
> annual
> update mechanism of "CPI-X" will be to a revenue requirement that does not
> have any such annual adjustment.  Therefore ratepayers would be
> demonstrably worse off with PBR then they are without it, and hopefully
> the
> Commission would either adopt a very high productivity factor ("X") or
> make
> appropriate adjustments somewhere else in the mechanism.
>
> However, there is always the risk that the Commission will give PG&E what
> it asks for in the GRC.  According to PG&E's 2/26/99 Amendment to
> Application, citing its GRC brief, "PG&E presented its Attrition proposal
> as an alternative to PBR in the event that PBR is not approved in a timely
> manner.  That is, if the Commission approves this request for PBR interim
> relief, there will be no need to implement Attrition even if it is
> approved
> in the GRC decision on a contingency basis as requested."  In other words,
> agreeing to interim relief in the PBR would eliminate the possibility of
> getting a GRC decision that revives the attrition mechanism, thereby
> avoiding the possibility that we would have to argue that a "CPI-X" should
> be compared to the automatic attrition increases adopted in the GRC.
>
> TURN would tend to err on the side of assuming that in the GRC the
> Commission will continue to find that attrition adjustments no longer make
> sense, and therefore oppose the proposal for interim relief in this
> proceeding.  However, because this does create some risk that we'll end up
> in a worse litigation position in the PBR if the attrition adjustment is
> adopted in the final GRC decision, I thought it important to bring this to
> your attention as you decide whether your respective clients would want to
> join us in our response to the motion.
>
> As for the response itself, I'm thinking along the following lines:
>
>  --  This isn't a proceeding subject to the Rate Case Plan.  PG&E has
> no
> reason to claim entitlement to a decision by 12/31/1999.
>
>  --  This proceeding presents none of the dire circumstances that
> might
> befall the utility were a GRC to be delayed without any sort of interim
> relief.  In the GRC, PG&E could claim that it would be denied the ability
> to recover costs of providing service in the absence of a GRC effective
> 1/1/99.   That's not the case here -- really it's a matter of what
> incentive will be in place on 1/1/2000.
>
>  --  The Commission has never felt constrained to get a PBR in place
> by
> 1/1/XX in any of the preceding PBRs.  I need to check this one a bit more
> carefully, but I'm pretty sure that at least some of the mechanisms (SDG&E
> I, SDG&E II, So Cal Gas, and Edison) went into effect mid-year.  And
> Edison's case certainly demonstrates that there's been previous delays
> between filing (12/93) and ultimate PBR decision (9/96) without the need
> for interim relief.
>
>  --  Finally, to the extent that a PBR is supposed to effect
> management
> decision making, it's hard to understand how an interim decision could
> have
> that effect.  After all, management could start changing the way they make
> decisions in response to the interim incentive, only to have to change
> again if the final decision adopts a mechanism that is substantially
> different than the interim mechanism.  And in at least two of the prior
> cases (So Cal Gas and Edison) the PBR mechanism ultimately adopted was
> dramatically different as compared to the utility's original proposal.
>
> That's it for now.
>
> Bob
>
>


broker has .0075, we have 0

thanks!


Approved.  Please process.
Sally Beck
---------------------- Forwarded by Sally Beck/HOU/ECT on 05/16/2000 04:11 PM
---------------------------

	Enron North America Corp.

	From:  Irena D Hogan                           05/11/2000 10:07 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Re: Expense Reports

Good Morning,

 Please approve the attached expense report for Brent Price.

Thank you,

Irena

---------------------- Forwarded by Irena D Hogan/HOU/ECT on 05/11/2000 09:52
AM ---------------------------

Brent A Price
05/11/2000 08:23 AM
To: Irena D Hogan/HOU/ECT@ECT
cc:
Subject: Re: Expense Reports

approved

	Enron North America Corp.

	From:  Irena D Hogan                           05/10/2000 08:56 PM

To: Brent A Price/HOU/ECT@ECT
cc:
Subject: Expense Reports

Please please review the attached expense report   and send back to me with
your approval.

Thank you,

Irena


Tanya and Tana:
We have reached agreement with J Aron on everything.  I hope to receive
execution docs soon.
Carol


Note to Jeffrey Dasovich

The July Update to the Retail Energy Deregulation Index (RED Index),
published twice a year by the Center for the Advancement of Energy Markets
(CAEM) shows Texas, Maine, and New York are making the most measurable
strides in promoting sustainable competition among electricity providers, as
customers throughout Pennsylvania retreat to their default providers due to
increasing wholesale prices.

The RED Index, which is the only known tool that objectively ranks states by
22 attributes on how they are restructuring their power markets, today
released the U.S. rankings for all 50 states and the District of Columbia,
in a 187 page report.  Key results included:
1. Pennsylvania  66
2. Texas   65
3. New York   64
4. Maine   62
17. California   34

"These numbers underscore the importance of building a healthy foundation on
which electric competition can grow," said Ken Malloy, CEO of the Center.

"While California's crisis has brought a lot of positive attention to
Pennsylvania's model, many customers in the Keystone State are returning to
their original utility suppliers.  It underscores how important it is to put
the right fundamentals in place if consumers and suppliers are to benefit
over the long haul," Malloy said.

In rankings that included all of North America, the province of Alberta
actually would rank above all the states with a score of 68.

The mid-year RED Index also found that 62% of states expressing an opinion
indicated that their commission is not "less likely to take action on energy
restructuring as a result of the California crisis."

CAEM is an independent, nonprofit, think tank based in Washington, DC whose
mission is to promote an effective transition from the monopoly to the
competitive model of regulation.

For information about obtaining a copy of the RED Index, go to www.caem.org.

For more information, please contact:
Nancy Etkin at 703-532-6887 or netkin@caem.org

If you do not wish to receive announcements from CAEM, please put "remove"
in the subject line in a reply to this email.
424


8.41 on 54,000 shares traded


Zimin,

I shall be in California on Thu.

Vince

 -----Original Message-----
From: 	Lu, Zimin
Sent:	Tuesday, June 19, 2001 1:43 PM
To:	Issler, Paulo; Lee, Bob; White, Bill; Schroeder Jr., Don
Cc:	Crenshaw, Shirley; Kaminski, Vince J
Subject:	P+ pricing/hedging

A meeting is scheduled with Bill White and Don Schroeder at 4:00pm at 19C2.
Bill and Don would like to talk about P+ pricing / hedging issues and NYMEX
calendar spread option model that Pavel built before his departure.

Please review  the P+ model and the doc prepared by Stinson. Let us talk on
Thursday.

Zimin

Shirley,

Could you secure the meeting room from 4-5pm on Thursday ?
And mark that on Vince's calender if possible. Thanks.

 << File: Adjust Vol2 test.xls >>

 -----Original Message-----
From: 	Gibner, Stinson
Sent:	Wednesday, June 06, 2001 5:34 PM
To:	Lu, Zimin; Kaminski, Vince J
Subject:

 << File: PPlus.doc >> This is an early draft document and should be revised, but does explain the spread option structure.

--Stinson


A quick update from the litigation front.

I met with Scott Josey this afternoon.  As I understand it, we have visited
the data room and are preparing to make a bid next Friday for the gathering
system.  I told Scott that common-sense dictates that  if we file a lawsuit
now Tom Brown will probably tell us to take a hike and we will have no chance
whatsoever of winning the bid process.

That being said, we have decided to put a hold on any litigation until after
the bid process is complete.  Hopefully, we win the bid and the problems go
away.  If we do not win the bid process, we will plan to initiate
negotiations immediately with the new purchaser and, if necessary, file a
lawsuit to preserve our legal rights.

Ken Krisa is in the process of putting together damage calculations.  His
preliminary numbers indicate that, to date, we have been hurt to the tune of
$100,000.  While this is not much, Krisa is concerned that damages could
increase dramatically over the length of this contract.  I also just learned
from Gerald that Tom Brown has - at least for this month - allowed us to
nominate gas to Northwest Pipeline.  Very interesting.

I will continue to keep you apprised of all developments.


Tonight Kris and I met with the SAP team about the critical issues we
discussed in the meeting this morning.

As far as Xref1 (coordinator) and Xref2 (physical vs. financial flag) fields
go, it appears that we are getting what we have to have in order to go live
7/1.  Rena was working on a spec (the OSS that was discussed) that would
automatically populate these 2 fields.  However, the test was unsuccessful.
These two fields are being opened up for netting, so we can input them
manually when netting.  I believe we need to pursue the auto fill post 7/1,
but the first priority is having a place to put the data.

As far as settlement period is concerned, we are probably going to get a
hybrid of what we want at this time.  The SAP team does appear to have
appropriate resources working on this issue.  For data created in SAP, I am
more comfortable that the data is being captured on the income statement side
of the entry, and the SAP folks now seem to think they can link over to it to
get the settlement data.  For data converted, we will not be able to get the
settlement period in the same manner.  The offsetting entry in conversion is
to a dummy conversion account rather than an income statement account.  The
dummy account doesn't carry the settlement date.  Another issue is related to
the indicator to let us know if an invoice has had cash applied or


Daily Blessing
Relax and Pray
http://www.daily-blessings.com/prayer1.htm

Hundred's of you have taken advantage of the free download available for the
Work From Home folks.  If you haven't checked it out yet...you should!!

http://www.daily-blessings.com/cjworkfromhome.htm

your printer is running...and you WILL need ink!!!  check out the great
prices at MrInkman!!  I sure use more ink than I like to think about, and
these folks keep me stocked up.  They are reliable, honest,and best of all
least expensive!!  check em out
http://www.daily-blessings.com/inkman.htm

<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
* To remove yourself from this mailing list, point your browser to:
http://inbound.postmastergeneral.com/remove?dailyblessings:10
* Enter your email address (judy.hernandez@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "dailyblessings:10".

OR...

* Reply to this message with the word "remove" in the subject line.

This message was sent to address judy.hernandez@enron.com
X-PMG-Recipient: judy.hernandez@enron.com
<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>


Ladies -
I would like to get a vote on which date would work best for the training
class in April. We have a conference room where a PC cart would work nicely
for us. The monitor is a large screen for easy viewing. You might want to
select 2 dates in case your first choice is taken.

Which of these dates works best:  April 9, 11, 12, 13 (Mon, Wed - Fri) ?
 Also, would 11 AM - 1:30 PM be enough time?  Lunch will be provided.

I have approved all the security forms received so far so you should have
view access to GCP in plenty of time. Look forward to hearing from you!

Marilyn

MARY COOK
03/15/2001 01:51 PM
To: Marilyn Colbert/HOU/ECT@ECT
cc:
Subject: GCP Training For Swaps Paralegals

Below is a list of names for the training we discussed today to be set for
the 2nd week in April.  Thanks again for today and in advance for the
training session.

Stephanie Panus
Samantha Boyd
Susan Bailey
Tana Jones
Mary Cook

Also, please have Bill H call me regarding "seek and find" services for our
group.

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


Hi, Brian:

The ISDA is being faxed to you now.

Marie

 -----Original Message-----
From: 	Brian.Kerrigan@TXU.com@ENRON [mailto:IMCEANOTES-Brian+2EKerrigan+40TXU+2Ecom+40ENRON@ENRON.com]
Sent:	Monday, October 01, 2001 5:58 PM
To:	Heard, Marie
Subject:	Master ISDA and Credit Support Annex

Marie, - I would appreciate you sending me a copy of the Master ISDA
Agreement and associated Credit Support Annex between Enron and TXU.  The
Agreement is dated October 19, 1995 between Enron and Enserch.  TXU
acquired Enserch approximately 1-2 yrs. ago.  If you have any questions,
please call me at 214-875-9603.

If you could fax me a copy of it at 214-875-9063 I would appreciate it.

Thanks again for your assistance.


Jean,

Dave Forster is out of town.  Do you think we will be able to shoot, edit, and add music to the video using Dwight's camera?

Phillip

 -----Original Message-----
From: 	Mrha, Jean
Sent:	Thursday, August 09, 2001 12:12 PM
To:	Oxley, David
Cc:	Allen, Phillip K.; Keel, Allan; Lagrasta, Fred; Tricoli, Carl; Mrha, Jean; Miller, Don; Jones, Melissa; Collins, Angie
Subject:	FW: Management Offsite Video Meetings
Importance:	High

Okay gang... Oxley is game!

David,  Please attend the meetings below.  Of course you will have to sign a non-compete, non-solicitation agreement for the "PRC" video.

Regards, Mrha
 -----Original Message-----
From: 	Jones, Melissa
Sent:	Thursday, August 09, 2001 12:57 PM
To:	Allen, Phillip K.; Keel, Allan; Lagrasta, Fred; Tricoli, Carl; Mrha, Jean; Miller, Don
Cc:	Collins, Angie
Subject:	Management Offsite Video Meetings
Importance:	High

Please plan to attend the above referenced meeting.  Details as follows:

	Date:		Friday, August 10th
	Time:		3:00 - 5:00 PM
	Location:	EB 3567
	Subject:	Management Offsite Pre-Filming Meeting
	Invitees:		Jean Mrha
			Phillip Allen
			Allan Keel
			Fred Lagrasta
			Carl Tricoli
			Don Miller

	Date:		Monday, August 13th
	Time:		6:00 PM
	Location:	TBD
	Subject:	Management Offsite Filming Meeting
	Invitees:		Jean Mrha
			Phillip Allen
			Allan Keel
			Fred Lagrasta
			Carl Tricoli
			Don Miller

Dinner will be provided for the meeting on Monday at 6 pm.  Jean is thinking of ordering pizza from Birra Poretti's.  If anyone has any other recommendations please let me know.  Notes from yesterday's meeting will be forwarded shortly.

If you have any questions, please give me a call at x37960.

Regards,
Melissa Jones
Enron North America
(713) 853-7960
(713) 503-7537 - mobile


No Meeting This Week

This is a reminder !!!!!  There will NOT be a Friday Meeting October 27,
2000.

    Date:  October 27, 2000
      Friday

    Time:   2:30 pm - 4:30 pm

    Location:  30C1

    Topic:   ENA Management Committee

If you have any questions or conflicts, please feel free to call me (3-0643).

Thanks,

Kay 3-0643


In conversations with GE, it is their understanding that their guaranty will
not be transmitted until there is a fed ref number tomorrow.  The opinion
letter will be faxed as soon as the GC is available, or Kent can sign for Dan
Rowley if that is acceptable.  DRowley can sign originals on Thursday.

The LOC is in the works, and GE understands that 10% will be retained in
escrow until the LOC is delivered.

There will be three original opinions.  There is one original guaranty, and
I'm not certain of GE's willingness to give more than that.  Obviously, there
will be only one LOC.

Kay


For all of you who are active participants in the Enron Corp. Savings Plan,
we have made arrangements with Northern Trust, our Plan Administrator, to
expedite any loan requests made during the week of June 18 - June 29 in order
to help you during this recovery period from any flood damage you may have
experienced.

If you do not already have an outstanding loan, you can request up to 50% of
your balance up to a maximum of $50,000.  To request a loan follow these
three easy steps in order to ensure quick processing:

 1. Log onto the website:   https://www4.rsweb.com/61045/# or call the
Benefits Service Center at 713.853.7979.

 2. Enter your SSN and your Personal Identification Number and click on "Loan
Information" to see the amount available.
 If you wish to request a loan, click on "Loan Modeling/Request" and follow
the instructions.

 3. Checks will be mailed from Northern Trust in Chicago  on June 27 for
loans requested the week of June 18 - June 22  and on July 5 for loans
requested June 25 - June 29.

NOTE:  The IRS restricts Hardship Withdrawals to specific circumstances
outlined in the Money-in-Motion guide on the benefits website.
Unfortunately, while we know the flood has imposed hardships on many of you,
these circumstances do not qualify for a withdrawal.


Attached is draft escrow language for Black Hills that I made up in an
attempt to be sympathetic to Black Hills's desire for certainty on the
release of funds - please review and call Shari with comments first thing on
Wed.  I will be travelling Wed but will check messages on Wed afternoon.
Good luck


He's going to be at the birthday party or at Matt's.  Maybe we should drop
him off.

"Neil Mann" <nmann@erac.com> on 02/08/2001 03:25:58 PM
Please respond to <nmann@erac.com>
To: "C. Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject: FW: Michael

Sweetie, how do you want to set it up?  NM

-----Original Message-----
From: Brashear, Charlotte [mailto:cbrashear@velaw.com]
Sent: Thursday, February 08, 2001 2:57 PM
To: 'nmann@erac.com'
Subject: RE: Michael

   Fine.  Should I pick him up at school or what?

-----Original Message-----
From: Neil Mann [mailto:nmann@erac.com]
Sent: Thursday, February 08, 2001 3:20 PM
To: Choc Brashear (E-mail)
Subject: Michael

Choc,
Could you keep Michael for a short time tomorrow, say 7 -10? Kay was invited
to the Enron booth at the Bar B Q and thinks she would like to go. Thanks,
NM
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/22/2001
09:12 AM ---------------------------
From: Todd Kimberlain/ENRON@enronXgate on 02/21/2001 02:26 PM
To: Kyle Berryman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob
Beyer/ENRON@enronXgate, Reno Casimir/ENRON@enronXgate, Huy
Dinh/ENRON@enronXgate, Partho Ghosh/ENRON@enronXgate, "Gil, Eduardo"
<Eduardo.Gil@ENRON.com>@SMTP@enronXgate, D Todd Hall/ENRON@enronXgate, Joseph
Hrgovcic/ENRON@enronXgate, Michael Nguyen/ENRON@enronXgate, Timothy M
Norton/ENRON@enronXgate, Sandeep Ramachandran/ENRON@enronXgate, Claudio
Ribeiro/ENRON@enronXgate, Rajib Saha/ENRON@enronXgate, Valter
Stoiani/ENRON@enronXgate, Mark Tawney/ENRON@enronXgate, Gary
Taylor/ENRON@enronXgate, Yannis Tzamouranis/ENRON@enronXgate, Steven
Vu/ENRON@enronXgate, Catherine Woolgar/ENRON@enronXgate, Stephen
Bennett/NA/Enron@ENRON, Todd DeCook/Corp/Enron@Enron, Vince J
Kaminski/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Andy
Pace/NA/Enron@Enron, Mike A Roberts/HOU/ECT@ECT, David Ryan/Corp/Enron@ENRON
cc:
Subject: web site

To All:

I forgot to send along the web site in my last e-mail.  Sorry about that.

Todd

http://garnet.acns.fsu.edu/~jelsner/www/


Oops.  Didn't mean MWs last time.  But I do think that some cutoff higher
than 25 kWs is appropriate for net metering purposes.  Where the generator
is substantially smaller than the customer's off-peak minimum load, there
does not seem to me to be a need to exclude it from any net metering
provisions.

-----Original Message-----
From: Christensen, Eric
To: 'Sarah Dennison-Leonard'
Cc: Preston Michie; Marcus Wood; Barney Speckman; John Boucher;
nwrto@pplmt.com; Arlena; sberman@hewn.com; kcarlson@do.usbr.gov;
Christensen, Eric; Gary Dahlke; Michael Early; pfeldberg@lawsonlundell.com;
Eric Freedman; mhain@enron.com; sjarsky@pn.usbr.gov; snkripalani@stoel.com;
Steve Larson; jpm@aelaw.com; terrym@millcreeklaw.com; pmurphy@mbllp.com;
Doug Nichols; lnichols@bpa.gov; rkrodewald@bpa.gov; tshuba@sheagardner.com;
Don Watkins; Connie Westadt; cindy.wright@ci.seattle.wa.us
Sent: 6/23/00 2:39 PM
Subject: RE: Initial E-mail Communication - Subgroup Working on GIA, LIA,
Etc.

Sarah,
The Generation Interconnection Agreement will have to be modified to
accommodate the Net Metering law (R.C.W. Chapter 80.60) that was passed
here
in Washington in 1998.  The law covers generators of 25 kW or less that
are
powered by solar, wind, hydro or fuel cells.  Washington distribution
utilities are required to install two-way meters for all customers with
such
facilities and to credit those customers for any power produced in
excess of
the customer's needs.  We are required to accept all qualified net
metering
customers until the total generating capacity of the net metered systems
reaches 0.1 percent of our 1996 peak load.

Because these generators are tiny and, even in the aggregate, are
unlikely
to have any appreciable effect on the operation of the grid, I think the
easiest approach would be simply to write an exemption into the GIA for
such
net metered generators.

I don't know whether any of the other RTO-West states have net metering
laws.  However, net metering has been kicked around quite a bit in
connection with federal restructuring legislation.  Hence, we need to
keep
an eye developments in DC in this regard.
Eric Christensen
Associate General Counsel
Snohomish County PUD No. 1
(425) 783-8649
Toll free from WA: (877) 783-1000 x8649
Office fax: (425) 783-8305
Direct fax: (425) 267-6071
elchristensen@snopud.com <mailto:elchristensen@snopud.com>

 -----Original Message-----
 From: Sarah Dennison-Leonard [SMTP:sdleonard@earthlink.net]
 Sent: Wednesday, June 21, 2000 5:45 AM
 To: nwrto@pplmt.com; Arlena; sberman@hewn.com;
kcarlson@do.usbr.gov; elchristensen@snopud.com; Gary Dahlke; Sarah
Dennison-Leonard; Michael Early; pfeldberg@lawsonlundell.com; Eric
Freedman;
mhain@enron.com; sjarsky@pn.usbr.gov; snkripalani@stoel.com; Steve
Larson;
jpm@aelaw.com; terrym@millcreeklaw.com; pmurphy@mbllp.com; Doug Nichols;
lnichols@bpa.gov; rkrodewald@bpa.gov; tshuba@sheagardner.com; Don
Watkins;
Connie Westadt; cindy.wright@ci.seattle.wa.us
 Cc: Gary Dahlke; Preston Michie; Marcus Wood; Barney
Speckman;
John Boucher
 Subject: Initial E-mail Communication - Subgroup Working
on
GIA, LIA, Etc.

 Good morning, everyone!

 I am sorry it has taken me so long to contact you.

 This e-mail is intended to get things rolling for the RTO West
Legal
 Subgroup working on the Generation Integration and Load
Integration
 Agreements, as well as Security Coordination and Scheduling
Coordinator
 Agreements if necessary.

 First, for your reference I have attached the following
documents:

 (1) a list of participants in our subgroup;

 (2) the original IndeGO Generation Integration Agreement
("GIA");
and

 (3) the original IndeGO Load Integration Agreement ("LIA").

 If you know of anyone who would like to be included in this
subgroup
that
 does not appear on the attached participants list, please let me
know.  I
 will also post each of the attached documents on the RTO West
website, at
 the link on the Legal Work Group page set up for our subgroup.

 Second, I would like to share some initial feedback I have
received
with
 respect to our assigned tasks:

 (A) Concerning the Generation GIA, I have the following initial
feedback:

  - Carl Imparato has expressed strong concern about existing
provisions in
 the GIA designed to address instances when hydro generation
facility
 operators are forced to move water through turbines, rather than
spill it,
 to avoid dissolved gas super-saturation problems;

 - James Mosher has expressed concern that the GIA as currently
drafted does
 not adequately address issues unique to Qualifying Facilities,
and
would
 like us to work on that; and

 - Steve Larson of BPA has contacted me to let me know that BPA
has
developed
 some initial comments on the GIA (and LIA), but I have not yet
had a
chance
 to have a conversation with BPA representatives about what those
comments
 are.  I hope to do that sometime tomorrow (Thursday, June 22) if
possible.

 (B) I have talked with John Boucher, who leads the
Implementation
Work
 Group, and he says that the initial consensus within the
Implementation Work
 Group is that we should begin with the approach that security
coordination
 for RTO West will be accomplished through the existing
organization
set up
 in the Northwest to perform security coordination (Pacific
Northwest
 Security Coordinator or "PNSC," which is a Washington non-profit
 corporation); and

 (C) John Boucher says that the initial thinking in the
Implementation Work
 Group about scheduling coordinators as that we should assume
that we
will
 have scheduling coordinators for RTO West and therefore will
need to
develop
 a scheduling coordinator agreement.  With that in mind, I have
also
attached
 to this e-mail an e-mail message from Barney Speckman on this
topic.
 Barney's e-mail describes input he has received from Carl
Imparato
 concerning areas in the West that have already developed
scheduling
 coordinator agreements, and includes an e-mail from Carl with
sample
 documents.  I will also post these on the RTO West website as
soon
as
 possible, along with the basic form of Security Coordination
Agreement
 developed for PNSC.

 I think it might be useful to plan to meet or have a telephone
conference
 call during the week of July 10 (early in the week, if possible)
to
discuss
 our various tasks and strategies for accomplishing them.  If
most of
you are
 going to be at the Legal Work Group meeting on June 27, that
might
be a good
 opportunity to try to identify a time and date that works for
most
subgroup
 members and to decide whether to meet in person or by telephone
conference.

 I also hope to make initial "cosmetic" changes to the GIA and
LIA
very soon,
 and will put the initial revised versions of those documents on
the
website
 as soon as they are ready.

 In the meantime, if anyone else has some input they would like
to
offer with
 respect to the issues and documents assigned to our subgroup,
you
are
 welcome to contact me by e-mail or telephone.

 Thank you very much.

 Sarah Dennison-Leonard
 Krogh & Leonard
 506 SW Sixth Avenue, Suite 750
 Portland, OR  97204-1533
 Office:  (503) 219-9649
 Fax:  (503) 224-1895
 E-mail:  sdleonard@earthlink.net << File: Legal WG - GIA&LIA
Subgroup List June 21 2000.doc.rtf >>  << File: IndeGO Generation
Integration Agreement.doc >>  << File: IndeGO Load Integration
Agreement.doc
>>  << Message: Fwd: NWRTO-Scheduling Coordinator Concept >>


Notice No. 01-434
December 26, 2001

TO:		All COMEX Division Members/Member Firms
All COMEX Division Clearing Members
All COMEX Division Floor Traders
All COMEX Division Operations Managers

FROM:	Michael Campanelli, Vice President
		Floor Operations, COMEX Division

RE:		Spot Month Procedures on the Eve of First Notice Day

Please be reminded that Monday, December 31, 2001, is the First Notice Day,
for the Gold, Silver, Copper and Aluminum futures delivery month of January
2002 (the new spot month).

On Friday, December 28, 2001, the Eve of the First Notice Day, all Brokers
and Clearing Members must have a duly authorized, On-Line Trade Entry
("OLTE") system trained representative available until such time as the
Exchange deems necessary.

It is imperative that trades involving the Spot Month are processed and
cleared properly.  Therefore, representatives are expected to make a
diligent effort to process all Spot Month trades accurately.

Failure by any Clearing Member or qualified Floor Trader to show due
diligence involving Spot Month Trade processing may result in severe
disciplinary action by the Exchange.

If you should have any questions, please do not hesitate to contact David
Sherman at (212) 299-2061.


---------------------- Forwarded by Heather Kroll/HOU/ECT on 07/27/2000 04:14
PM ---------------------------

John_Mable@dom.com on 07/27/2000 02:45:52 PM
To: ozzie.pagan@enron.com, Heather.kroll@enron.com, NWodka@bracepatt.com,
Dutch_Bumgardner@dom.com, Gary_Edwards@dom.com, Jeff_L._Jones@dom.com,
mjlafrat@mwbb.com, Greg_Morgan@dom.com, Tim_Talmadge@dom.com,
Ed_Roarty@dom.com
cc: Vern_Colbert@dom.com, John_Calder@dom.com
Subject: Edgecombe CT

Attached is a rough draft of the Agreement in blackline and clean copy
versions.
This draft has not been subject to Virginia Power's team review.

  (See attached file: VP black line draft july 27.DOC)(See attached file: VP
clean draft july 27.DOC)

 - VP black line draft july 27.DOC
 - VP clean draft july 27.DOC


Attention POWER REPORT Readers: Go to
http://www.powermarketers.com/prdaily.htm to view today's edition with direct
headline links to each story.]

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--------------------T O P S T O R I E S--------------------

Top Stories (December 22)

CALIFORNIA GOVERNOR TO MEET WITH ALAN GREENSPAN TUESDAY ON POWER WOES
California Gov. Gray Davis will meet with Federal Reserve Chairman Alan
Greenspan in Washington, D.C., Tuesday to discuss a plan to solve the state's
electricity crisis, an aide to the governor told Dow Jones Newswires Thursday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/22/eng-djn/eng-djn_112030_146_019242370967

TWO ENRON UNITS APPROVED AS TEXAS RETAIL ELECTRIC SUPPLIERS
Two affiliates of Enron Corp., have been certified to sell electricity in
Texas when the state opens its market to retail competition in January 2002.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/22/eng-djn/eng-djn_174027_108_778550054412

MAINE ENERGY CUSTOMERS SEEK PRUDENCY PROBE ON ELECTRIC HIKES
A group of industrial energy customers in Maine asked state regulators on
Thursday to investigate whether Central Maine Power Co. is partly responsible
for $10 million in energy costs it wants to pass through to them.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/22/eng-djn/eng-djn_000026_125_514352661557

-OKLAHOMA CITY-BASED ENERGY COMPANY ANNOUNCES SECOND MAJOR DEAL
OGE Energy Corp. on Monday announced its second major contract to transport
natural gas to fuel power plants under construction in northeastern Oklahoma.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/writersd
esk/2000/12/22/eng-powerm-000001/eng-powerm-000001_155405_21_0658261785284

SCOTTISH POWER TO BUY POWERGEN'S PLANT IN HERTFORDSHIRE, ENGLAND
Scottish Power moved to spread its generating capacity further south of the
border today as agreed to pay UKpound 220 million for Powergen's Rye House
Power Station in Hertfordshire, including its onerous contract to buy gas
from Exxon Mobil, likely to cost it another UKpound 102 million in provisions.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/25/krtbn/0000-0015-EV-SCOTTISH-POWER

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------

Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

EPA/Duke Energy -3: Settlements Cost 3 Utilities Billions

Northwest Hydropower Seen Dn 5,000 MW In Jan Vs Jan 00

EPA/Duke Energy -2: US Govt Broadens Enforcement Effort

Duke Energy Charged With Illegal Pwr Plant Modifications

PRESS RELEASE: S&P Affirms PG&E, Edison Intl

Edison Intl's Corp Rtgs Affirmed +A, Watch Neg: S&P >ELX

Two Enron Units Approved As Texas Retail Elec Suppliers

PG&E Corp Rtgs Affirmed A/Watch Neg/A-1 By S&P >PCG

Benetton, NRG Join MPGEN Consortium's Bid For Enel Genco

Calif Gov To Meet With Alan Greenspan Tues On Pwr Woes

Calif. Delays Reciprocal Compensation Vote; Pac-West Up

Norway Govt Gives Concession For Power Trade With Denmark

Scot Power-2: Powergen To Buy Output Until 2002

Scot Power To Assume Station's Exxon Gas Purchase Job

Calif Ruling On Pwr Rates Leaves Util Credit In Question

Chapter 11 Filing May Give Calif Utils Breathing Room

S&P:Diverse Holdings Insulate Generators From Calif Risk

Maine Energy Customers Seek Prudency Probe On Elec Hikes

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

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N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Group Joins Fight Against Electric Deregulation Another Group, This One
Representing Cities That Own Their Own Power Companies, Asks Legislators to
Delay Debate on The Subject Until The Fall.

Statement of the California Chamber of Commerce And California Business
Roundtable; Business Community Calls Reliable Electric Service Critical to
State's Economy

Californians Face Rate Hike for Power

Natural Gas Hikes 'Catastrophic': Hyslamex Top Executive

State ; Wagoner Residents May Face Higher Electric Bills

Greenspan Weighs Into California Power Crisis

Top Energy Summaries - Friday, December 22, 2000 - 5:06 PM

Atco Gas Confirms Sale of Natural Gas Property

Bridge Outlook 2001: Expect Delays for New US Power Plants

New Jersey Natural Gas Expands Energy Assistance Program; Gift of Warmth Fund
Offers More Help to Customers in Need

CMS Energy Files Registration Statement

Allegheny Energy Supply Announces Plans for New Corporate Center; Growing
Business Expands to Pittsburgh Suburbs

Fitch Comments on California Electric Utilities

Top Energy Summaries - Friday, December 22, 2000 - 2:27 PM

-Florida Commission Sides with Tampa, Fla., Electric Utility in Refund Dispute

-Oklahoma City-Based Energy Company Announces Second Major Deal

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
Friday, DEC. 22, 2000

Repeats: Energy Volume And Open Interest Totals-DEC 22

Nrg Energy Registers $1.5b Mixed Securities Shelf (Nrg)

Salomon Starts Chesapeake Energy at Outperform, $11 Goal (Chk)

Power Equipment Concern Cupertino Electric Files $100m Ipo

Big Outlay on Food And Energy

Hutt Trust: Yes to Review, No to Wind Up

Bae Systems to Supply 200 Hybrid Electric Propulsion Systems for New York
City Buses

Top Energy Summaries - Friday, December 22, 2000 - 12:05 PM

Borden Chemicals And Plastics to Temporarily Idle Natural Gas Based Raw
Material Facilities

Department of Energy 00-38, 00-39, 00-40, 00-41 And 00-42; Certification
Notice_194] Office of Fossil Energy; Notice of Filings
of Coal Capability of LSP-Pike Energy, Covert Generating Company, Sithe
Mystic Development Company, Sithe Fore See Note: *

Fitch Rates Baltimore Gas & Electric Roars `A'

U.S. Energy Corp. And Crested Corp. Clarify Name of Suncor Energy, Inc.
Division Regarding Agreement to Explore And Develop Coalbed Methane
Properties in Montana

Cook Restarts Unit 1, Ends Shutdown Officials Expect Nuclear Plant to Run at
Full Power by Year's End

Supporters Stick by TVA in Changing Energy Era Crowell Leaves As Nation
Primed for Deregulation

Power Bills Likely to Get January Jolt / Consumers Must Pitch in to Bail Out
Utilities, Puc Says

Soaring Power Deal Cost to S.F. / Valley Contract Terms Reassessed

Matier & Ross ; Energy Crisis Is Forcing Davis Into a Balancing Act

Petroquest Energy Inc - $50 Million Credit Facility And Natural Gas Hedges

Hamilton Raises Utility Gas Rate

Se2 Discussing Power Sales with Local FirmsLocally Generated, Long-Term Power
Supply Brings Hope for Solution to Electricity Problems

Catalytica Inc - Cash Merger Consideration Following Completion of
Acquisition - by DSM And Spin-Off of Catalytica Energy Systems

Top Energy Summaries - Friday, December 22, 2000 - 8:59 Am

More Power! Tech Firms Act to Avoid Blackouts Steps Include Backup
Generators, Building Substations

Aker Offshore Partner Receives Contract from Norsk Hydro

Westmoreland Committee Cites Progress in Influencing Westmoreland Coal's
Board And Strategic Plan

US FTC: FTC Settlement Preserves Competition in Markets for Natural Gas
Transportation in Areas in Texas

Blackouts Or Conserved Power To The People? Part Ii

Saving Energy

Top Energy Summaries - Friday, December 22, 2000 - 6:25 Am

Nanogen Is Awarded U.S. Patent on Novel Method for Detecting Nucleic Acid
Hybridization by Means of Fluorescent Energy Transfer

Wyandotte Completes Power Plant Deal Project Is Expected to Bring in $45
Million to City, Spur Growth

When We Are the Overseas Labor Beach Plant Shatters Trade Myths, Shows Power
of Productivity Series: Global Trade-Offs

Electric Users May Get Zapped with 20% Rate Hike

Energy Enigmas

Two Cultures, One Power Grid

Leavitt Calls for Balance of Power, Environment

Living with The Power Surcharge Cutting Corners: Low-Income Families, Seniors
Try to Pay Bills, Stay Warm After 43 % Rate Increase

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I N T E R N A T I O N A L
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Access stories online at: http://www.powermarketers.com/pma-intr.htm

Russia's New Northwestern Plant Generates First Power

Panafrican Energy Announces US$30,670,133 Investment by Aig African
Infrastructure Fund And Rmb Resources Limited

Japan's Jgc Wins Order for Natural Gas Processing Plant in Saudi

Greener Power

Power Supply Situation in Serbia Continues to Be "Very Grave"

Brazil : Gerasul to Sell Energy in Free Market

Putin,Kuchma Arrive in Petersburg to Open Thermal Power Plant.

China's Eximbank Finances Iranian Power Plant

Belgium to seek international offers for North Sea wind-powered electricity

Nwestern Heat And Power Station Produces First Electricity.

FULL:Scottish Power Buys PowerGen Rye House Station for 220 Mln Stlg

South Korea: Government Plan to Divide Up Power Company to Be Looked at Again

Australia Eyes Investment in N. Korea's Energy Sector

Asian Development Bank helps China reduce coal dependence

Zhejiang Southeast Power to buy 24 pct of Jiaxing power station

ADB lends 58 million dollars to China to develop wind power

Power Charges Expected to Go Up Next Year: Analysts

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KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

-Florida Commission Sides with Tampa, Fla., Electric Utility in Refund Dispute

-Oklahoma City-Based Energy Company Announces Second Major Deal

-Indiana Residents Are Aghast over High Heating Bills

Wisconsin Supreme Court Sides with Decision to Approve Power Plant

Standard & Poor's Threatens to Lower Credit Status of Two California Utilities

Western States Fail in Plea to U.S. Officials to Cap Electricity Prices

Kennewick, Wash.-Area Irrigators Try to Fend Off Electricity Rate Hikes

Major California Utilities Insist They Do Not Plan to Lay Off Anyone

The Orange County Register, Calif., Jonathan Lansner Column

Madison, Wis.-Based Utility Seeks 10.2 Percent Rate Increase

Houston Prospers, Riding High on Record Energy Prices

Britain's Anglian Water Looks for Ways Around Price Caps, Other Problems

Federal Regulators Reject `Hard' Price Caps for California Electric Utilities

California Lawmakers Ask for Federal Electricity, Gas Probe

Colorado Governor to Call for Federal Help Over State Electricity Prices

Fayetteville, N.C., Ends Talks with South Carolina Utility for New Power Plant

Columbia, S.C., Natural Gas Customers Brace for Big Hike in Heating Bills

Brooksville, Fla., Water District Leaders Mull Rules for New Construction

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REUTERS
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Access stories online at: http://207.32.82.57/news/ElectricPower.html

12/25/00 Serbia extends power blackouts, warns of price rises

12/25/00 French nuclear physicist Leprince-Ringuet dies

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ELECTRONIC TRADING. Power is following natural gas to become an
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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
far been an underwhelming success, but a great deal has been learned, and it
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MANAGING BILLING. The complex requirements for managing billing and
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