In case you missed this, it makes mention of Reliant, Dynegy, and Duke.

Power juggling ramped up price
Insiders say manipulation also strained equipment
Christian Berthelsen, Scott Winokur, Chronicle Staff Writers
Sunday, May 20, 2001
,2001 San Francisco Chronicle

Large power companies have driven up electricity prices in California by
throttling their generators up and down to create artificial shortages,
according to dozens of interviews with regulators, lawyers and energy
industry workers.

Those sources say the unusual maneuvers not only jacked up prices but also
wore down equipment and contributed to the record levels of plant shutdowns
that are depriving the state of much-needed electricity. The accounts are
supported by an independent review of shutdown data by The Chronicle.

The California Energy Commission calculates that an average of 14,990
megawatts of generating capacity, nearly a third of the state's total, was
unavailable each day in April because of plant shutdowns, more than four
times as much as a year ago.

Such shutdowns are the subject of increasing scrutiny as California enters
another period of high demand, the warm spring and summer months of May to
September, when electricity usage normally grows by a third.

Loretta Lynch, president of the California Public Utilities Commission, said
last week the agency has found considerable evidence of suspicious plant
shutdowns. And the California Independent System Operator, which manages the
state's power grid, says plant shutdowns have now become the primary means of
constricting supply.

But an extensive investigation by The Chronicle has found that not only were
generators shut down to boost prices but these "gaming" tactics contributed
to the plants' deteriorating condition.

"We suspected it," said Jim MacIntosh, the manager of grid operations for the
ISO. "It was a sure factor in driving up prices." Such swings in unit output,
he said, "would only make sense in a scenario when they're trying to game
something. Otherwise, why would they do that? They're tearing their units
up."

Unusual phone calls

Operators at a San Bernardino County power plant owned by Reliant Energy Inc.
say a complex plan to manipulate the California energy market began early
last year with a series of unusual telephone calls from the company's
headquarters in Houston.

According to the accounts of three plant operators, Reliant's operations
schedulers on the energy trading floor ordered them to repeatedly decrease,
then increase output at the 1,046-megawatt Etiwanda plant. This happened as
many as four or five times an hour. Each time the units were ramped down and
electricity production fell, plant employees watched on a control room
computer screen as spot market energy prices rose. Then came the phone call
to ramp the units back up.

"They would tell us what to do, and we would do it," said one of the men, who
only agreed to speak on condition they not be identified because they fear
being fired. "Afterward, we would just sit there and watch the market
change."

The workers said frequent and large swings in electricity output began at a
number of California power plants just as the state's power crisis began in
earnest. The workers and state power authorities assert the swings were one
of the primary means of gaming the wholesale energy market.

"It appears the control rooms are responsive to direction from the trading
floors in Houston, rather than the reliability needs of the ISO," said Carl
Wood, a commissioner with the utilities commission who is overseeing that
agency's investigation into plant outages. "Instead of being responsive to
demands for reliability, they're responsive to demands for profitability."

Corporate denial

Reliant officials adamantly deny using this tactic or any other mechanism to
game the California energy market. They and other power companies, including
AES Corp. and a partnership between NRG Energy Inc. and Dynegy Inc., have
asserted that skyrocketing electricity demand forced them to run aging,
decrepit power plants harder than ever to meet California's needs.

While acknowledging that the company issued changes in output levels as
frequently as every 10 minutes, company officials said it was done at the
instructions of the ISO to maintain supply-demand balance.

"As a part of routinely doing business within California and the California
market design, we are required to do that," said Kevin Frankeny, an
operations official with Reliant. "When the ISO (issues dispatch orders),
they dispatch on a 10-minute basis. It can go up and down many times within
an hour."

Frankeny said he was not aware of any instances in which Reliant schedulers
in Houston ordered dispatch changes without the ISO directing them to do it
first.

The ISO refused to comment on operations at any specific facility, but
Stephanie McCorkle, an ISO spokeswoman, said the ramping tactics were used
beyond dispatch instructions during periods of tight supply. And one of the
plant operators said the orders to vary output came independently of the grid
managers. "ISO was not calling Reliant every 10 minutes for that," said one
of the operators. "Not for an individual unit."

Officials with the California attorney general's office declined to comment
on the legality of the ramping practice, citing a continuing investigation
into whether wholesale energy prices are being manipulated. One source
familiar with the state of various inquiries said the ramping, if proved to
have been done to drive up prices, could violate the state's unfair business
practices laws.

Invisible practice

How could companies such as Reliant tinker with output and not get caught?

One of the plant workers said the practice was designed to be virtually
invisible to regulators and grid operators.

When power companies bid on hourly contracts, they agree to produce a certain
amount of electricity over the given hour. Generators are paid based on an
average of the spot market prices for that hour. By driving up the spot
price, they can increase their hourly profits and still produce the total
amount of energy required.

The plant worker said the units would be ramped down immediately after their
output measurement, which was performed at the top of each hour by the ISO.
Then, he said, it was brought back up as the spot market price of electricity
rose in response to the reduced output. By the time the ISO measured again,
the output was back at the expected level.

Another operator said the units were not always ramped up and down - that if
the price reached a satisfactory level, generators would raise output and
remain at that level as long as the price was right. Other times, if the
price was low, output was brought down and kept down.

The same operator said the amount of ramping appeared to be a matter of
individual will of the company schedulers in Houston, with some being more
aggressive than others.

"What they would do, especially late at night, is if the price tanked, they
would undergenerate," an operator said. "Then, mysteriously, the price would
go up.

"Then, if the schedule was at 70 (required megawatt hours of output), they'd
say, 'Go up to 90.' That would cause the price to tank. And they'd say,
'Bring it down again.' "

Rapid changes

These fluctuations occurred within time spans of as little as 10 to 15
minutes, the operators said. But acceptable rates for bringing a unit from
minimum to maximum levels when the plant was owned by Southern California
Edison were more like 80 minutes, to avoid stressing the machinery, one of
the workers said. Moreover, they were typically run at constant levels, which
also reduced wear and tear.

"They were basically ramping up as fast as they can, and then slamming the
brakes on," said one of the operators. "They were increasing the fatigue on
the units."

ISO officials say they changed market operations last fall to crack down on
gaming tactics, including instituting a so-called 10-minute market, rather
than the hourly market, so that it could be more easily detected when
companies were withholding power.

But the ISO says generator outages have now become the primary tactic in
driving up energy prices.

A computer analysis by The Chronicle of shutdown data over a recent 39-day
period shows Reliant and three other generating companies topped the list of
plant shutdowns. Reliant also represented the largest amount of wattage lost
among those companies.

Plants owned by Reliant, AES, Mirant Corp. and Duke Energy Inc. accounted for
more than half of the state's unplanned shutdowns, even though their
generating capacity was no more than 25 percent of the state's total capacity
from all sources.

Reliant, one of California's largest and most profitable out-of-state
generators, reported 319 shutdowns during the period in March and April. It
was followed by Mirant Corp. of Atlanta (310), AES Corp. of Arlington, Va.
(278) and Duke Energy North America of Charlotte, N.C. (261).

Reliant's unplanned shutdowns deprived the system of more than 53,000
megawatts over the 40-day period, an average of 1,368 per day - enough power
for 1.4 million homes for one hour.

Its Ormond Beach plant in Oxnard, with one generating unit down for 26 days,
accounted for more than 30,000 of those missed megawatts. However, an
operator who worked in that plant said the outages there appeared to be the
result of legitimate equipment failures.

Reliant says there are valid reasons for its plants now to be in need of
repair. They are old: At 48, Etiwanda is the oldest of Reliant's five
California plants. And the company says routine maintenance was deferred so
the plants could remain in service during times of high summer demand.

But the operators said the issue is not so clear-cut. One problem at
Etiwanda, a tube leak, had been present for about a month and was previously
reported to management, they said, but it had not deteriorated much, it was
operating at full capacity and there was no immediate need to take the unit
offline because of the problem.

Moreover, at the time of the shutdown, the ISO had expressly asked Reliant to
keep the unit online, the operators said. Richard Wheatley, a spokesman for
Reliant, denied that any Reliant unit was taken offline for unnecessary
maintenance.

Ramping may be rampant

Sources say Reliant was not alone in using the ramping practice. A source
familiar with the state utilities commission investigation said output logs
obtained from AES' Alamitos plant also reflected production fluctuations. And
an operator who has worked at the El Segundo plant co-owned by NRG and Dynegy
said the practice was used there, although less frequently. The scheduling
calls came from Dynegy's trading floor in Houston, rather than NRG in
Minneapolis, he said.

Steve Stengel, a spokesman for Dynegy, said changes in output at El Segundo
were a normal function of changing demand levels throughout the day, and
denied the company was engaged in gaming the California market.

In a May 2000 report, the California Energy Commission cited Reliant's
Etiwanda plant, as well as the Alamitos and El Segundo plants, as some of the
"major beneficiaries of high real-time prices" that spring.

One way to obtain those high prices, the plant workers said, was the simple
method of demanding a sky-high price and refusing to deliver power if that
price was not met.

On one occasion, one operator said, Reliant ordered a unit at Etiwanda to be
shut off because the ISO would not meet the price of $1,000 per megawatt
hour, even though the legal price cap at the time was $750.

"The operator said, 'It's our unit, shut it off,' " the source said.

E-mail Christian Berthelsen at cberthelsen@sfchronicle.com and Scott Winokur
at swinokur@sfchronicle.com.

,2001 San Francisco Chronicle ? Page?A - 1


Daren would you look at the price for 29 and 30th of March 2000 .  There are
no prices for these days but volume was scheduled for these days.
Thanks
Charlene

Daren J Farmer
11/02/2000 02:59 PM
To: Charlene Richmond/HOU/ECT@ECT
cc:
Subject: Re: Another HESCO Issue

Charlene,

Deal #214948 already had volume and price for the 12th and 13th.  You may
need to have the volumes updated by Volume Management.

I added the 15th and 16th to the deal ticket.

D

Charlene Richmond
11/01/2000 04:02 PM
To: Daren J Farmer/HOU/ECT@ECT, Jennifer Martinez/HOU/ECT@ECT
cc: Kristen J Hanson/HOU/ECT@ECT, Nick Moshou/Corp/Enron@ENRON, Cynthia
Hakemack/HOU/ECT@ECT
Subject: Re: Another HESCO Issue

Help .   Steve Mauch at Hesco is wanting an answer ASAP
---------------------- Forwarded by Charlene Richmond/HOU/ECT on 11/01/2000
03:29 PM ---------------------------

Vance L Taylor
11/01/2000 02:45 PM
To: Charlene Richmond/HOU/ECT@ECT
cc: Julie Meyers/HOU/ECT@ECT
Subject: Re: Another HESCO Issue

Charlene,

This gas purchase is not a part of the wellhead portfolio but is being traded
on the Texas desk.  I would suggest you get with Darren Farmer or someone on
the desk.

Sorry I could not be of more assistance!

vlt
x3-6353

Charlene Richmond
11/01/2000 08:22 AM
To: Julie Meyers/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT
cc:
Subject: Another HESCO Issue

Meter 986725 for March 2000.   Per Hesco both traders are gone at (Hesco and
Enron)  and they (Hesco) were not paid  the correct price  in March on the
days mentioned below. Hesco cannot find where the price for these days were
recorded.  Per Hesco they  were underpaid by $32,101.57.  Hesco is wanting to
come to our office to have a meeting about clearing this up.  It will be nice
if we don't have to meet with them.

Production dates are             Volume                     price they are
looking for
03/12
2,029                            2.65
03/13
2,009                            2.65
03/15
2,022                            2.71
03/16
1,976                            2.72


John and I have not yet spoken.
I will overnight the financial data to you to arrive before Thursday of this
week.
Kind Regards
George Dorsey
713 302 2047


FYI, we need to talk about a presentation in the London office on Chinese
walls.  Mark
---------------------- Forwarded by Mark E Haedicke/HOU/ECT on 12/08/99 10:10
AM ---------------------------

Michael R Brown
12/07/99 01:08 PM
To: Mark E Haedicke/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT
cc:
Subject: Credit Markets Group Organisational Announcement.

FYI
Michael
---------------------- Forwarded by Michael R Brown/LON/ECT on 07/12/99 19:07
---------------------------

	Enron Europe

	From:  John Sherriff                           07/12/99 15:10

Sent by: Enron Europe General Announcement
To: ECT Europe, Enron Executive Committee, Jay Fitzgerald/Corp/Enron@ENRON,
William S Bradford/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Monte L
Gleason/HOU/ECT@ECT, Mark Ruane/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Rick L
Carson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Randy Petersen/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
cc:

Subject: Credit Markets Group Organisational Announcement.

We are pleased to announce the formation of the Credit Markets Group which is
responsible for developing innovative products to better manage the risk of
our internal credit portfolio as well as, looking  for opportunities to
provide third party credit protection.  Initially, we will be making markets
in bankruptcy protection on reference credits which are currently in our
portfolio but we expect to add additional credit products and reference
credits very quickly.

The team will utilise EnronOnline as its primary trade execution tool,
looking to quickly build market share by capturing the eyes of our current
counterparts.  Simultaneously,  we will launch an external web site focused
on credit protection where potential customers will have access to real time
prices and filter on specific reference credits as well as, access to credit
models and research papers on effective credit risk management.  Utilising
e-commerce business principles, we expect to aggressively claim the space for
corporate credit protection.  We expect to make a public announcement about
these new products in late January.

In order to effectively access the global market for credit protection, the
group will be based in London with an initial local desk set up in Houston as
well.  Bryan Seyfried will be transitioning out of RAC, where he was
responsible for the Trading Controls and Research teams in Europe, to lead
the group and he will report to me.


That's fine.

D

Tom Acton@ENRON
02/21/2001 03:15 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Pioneer Natural

Daren do you have a problem if I copy the 2000 deal (362125) for Pioneer and
make a new one for 2001.  They have flow in Jan. This is giving me a meter
allocation exception forJan.  Let me know thanks.


John,

I just realized that I didn't return your call on Friday.  I ran out of the
office on Friday after two difficult days and had Cathy collect all my stuff
for my trip.  Jeff and I landed in Singapore last night at 1am (it is odd
leaving for the airport on Sat. morning and arriving on Monday morning) and
are in the office for a while this afternoon.  I'll give you a call a little
bit later.  If your call is urgent, please don't hesitate to give me a
voicemail if our time zones don't match up.
Thanks and sorry for the delay.
m


I do not know who you are, but I definitely do not appreciate the email that
you sent me.  I do not agree with your politics and please remove me from
your list.


Just thought you would want to know this feedback.

----- Forwarded by Linda Robertson/NA/Enron on 06/19/2001 01:59 PM -----

	Christi L Nicolay@ECT
	06/19/2001 09:38 AM

		 To: Ray Alvarez/NA/Enron@ENRON
		 cc: Linda Robertson/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron
		 Subject: Way to go!

Ray -- Phillip Allen said that you had called him this am about the Cal order
and he thinks that he is getting better info from our Washington office and
appreciates the efforts.  Keep it up!  Thanks.


Dear Vince,
?
I just wondered whether you have had chance to  look at your bullet points
and bio for the maths course. If so please could  could email them to me as
soon as possible. Could you also let me know whether  your company
affiliation should now be Enron North America.
?
Thanks Vince and best regards,
?
Vicky


FYI

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
----- Forwarded by Mary Cook/HOU/ECT on 02/23/2001 08:24 AM -----

	Jaimie Jessop
	02/22/2001 05:59 PM

		 To: Mary Cook/HOU/ECT@ECT
		 cc:
		 Subject: Enron Canada Corp's Wiring instructions

Mary,

Please find attached a copy of Enron Canada Corp.'s wiring instructions for
both Canadian and US dollar amounts.  If you have any questions, please feel
free to give me a call at 403-974-6788.

Thanks
Jaimie


Please see attachment below with Christi's comments.

-----Original Message-----
From: Jacoby, Ben
Sent: Tuesday, June 05, 2001 12:22 PM
To: Mann, Kay
Cc: Krause, Greg; Nicolay, Christi
Subject: Midway Interconnect Agreement

Kay:

Greg has Christi's comments on the FPL Construction & Connection Agreement,
and he will be sending us those comments today in a marked document. Have we
engaged outside counsel to review this agreement? I'd like to have a
commercial / legal review fully completed, and then get accounting / finance
to comment. I this something you were planning to have Carlos to work on
given his recent work on ComEd and Ameren?

Please let me know. Thanks.

Attached is the original generic form of FPL Connection and Construction
Agreement for your reference.

Ben


Please see the following instructions for the new messenging board.  If you
have any trouble entering into this site, please let me know.  Everyone
should now be setup and ready to go. You will have to add this site to one of
your favorites.

The Gas Message Board application can run on both IE5.0 and IE5.5 now.

Attached is the URL for user to run the application.

http://gasmsgboard.dev.corp.enron.com

Please feel free to forward above URL to people who like to test the
application.

Here is the steps they should do:

1) Launch Internet Explorer

2) Type: http://gasmsgboard.dev.corp.enron.com (or just open this email and
click on above URL)

3) Users should see the messages if there is any new messages for today. If
they don't see any messages, there are two reasons:
 (1) They are not valid users. Their names have not been added into the NT
Web_GasTraders Group yet. Please contact Chrysti Hardy to add their names
into the group.
 (2) There is no new messages added yet.

4) Click on "Comments" button to add messages: there will be a popup window
when user clicks on "comments" button. There are two ways to send the
messages after typing the
messages into the text box:
 (1) just simply press enter to send the message. or
 (2) click on "send" button to send the message.

5) After the message has been sent, The message will be displayed on the main
window immediately, the rest people who are online will get the new message
in less than 30 seconds. This time can be reduced to as less as 1 second.
However, I would not recommend to reduce the time interval less than 10
second.  Because each time the browser refreshes the screen, the screen will
be blink. Users don't want the screen blink every second while they read the
messages.

6) All messages will be cleaned up daily at 6:00PM. If they like to clean
them up later than 6:00PM, please let me know. I can reset the time.

Note: Right now the application is under test environment. If they like it, I
will move it into production environment soon.

Let me know any feedbacks.

Thanks,

Fangming


As to whether long term contracting by Cal. is a good idea, the answer is
somewhat mixed.  We were one of the early parties pointing out the problems
with total reliance on the spot market and encouraging more forward
contracting.  Given the utilities' precarious financial position there were
two options: 1) outsource the default provider obligation to the market (this
is what we prefer but there was no political support for it), or 2) have the
state put its credit behind the purchases.  California is pursuing the
latter, with CDWR prucahsing the utilities' requirements.  In the short term,
we have criticized the state's plan because it contemplates state takeover of
the grid; state participation in power plant financing, construction, and
ownership; and they have not made it clear that CDWR really has the money to
pay for all the purchases.  I am attaching text I have used as the base for a
number of communications with policymakers.

	Mark Schroeder@ECT
	03/11/2001 02:11 PM

		 To: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: news/updates

In the press, I saw two news stories that I wondered if we (Enron) had any
role/hand in, and what was the offical "spin" in both cases.  1)  The FERC
Order requiring something like 55-65 million dollars in refunds by generators
(or did it include traders) for overcharging in California in December, if I
recall my facts/news stories correctly, and 2) the reports of 40 companies
entering into 10-year contracts with California (touted by Davis).  Was Enron
a contracting party?  Do we think this is a good solution (I think I know the
answer, but defer to your lead on this, so we stay on your message)?  thanks
mcs


Scott,

I think your EOL report was incorrect regarding the Henry Hub gas daily deals
from Mar.28th.

Mike and I had a total of 3 sales at 2.945

2 done by Mike

EOL ID #'s
132116
132569

and 1 done by me

EOL ID #
132967

The trade I did was done late in the day and you might have missed it.

We added the deal back to our model.

Let me know if there are any problems.

Chris


Please note: Price has been changed to $57 for all deals per STSW desk. (They like to round.)

 -----Original Message-----
From: 	Symes, Kate
Sent:	Friday, August 10, 2001 12:40 PM
To:	DL-Portland Real Time Shift
Cc:	Gang, Lisa
Subject:	EPE Lending for 8/13

We'll be short 25 mw at Palo Verde under the STWBOM book for Monday (also 25 short under STSW). Buy to cover this real time. Sell back to EPE @ $0. Enter buys and sales under the same desk, either STWBOM or STSW. Here are the deals:

727298 - STWBOM buys EPE
	 On Peak/PV
	 25 MW/$57.17

727299 - STWBOM sells STSW
	 On Peak/PV
	 25 MW/$57.17

727302 - STSW buys EPE
	 On Peak/PV
	 25 MW/$57.17

Please let me know if you have questions.

Thanks,
Kate


fyi
---------------------- Forwarded by Mike McConnell/HOU/ECT on 05/29/2001
12:38 PM ---------------------------

Stanley Horton@ENRON
05/24/2001 03:38 PM
To: Mike McConnell/HOU/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT
Subject: MTBE legislation

I just wanted to make sure you guys know everything I do.  Actually this is
somewhat bullish considering past legislative attempts.
---------------------- Forwarded by Stanley Horton/Corp/Enron on 05/24/2001
03:25 PM ---------------------------

Jeffrey Keeler
05/24/2001 12:52 PM
To: Stanley Horton/Corp/Enron@Enron, James Prentice/Enron@EnronXGate, Michael
Terraso/OTS/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, <Pat
Shortridge@erols.com>, Joe Hartsoe/Corp/Enron@ENRON, Marc
Phillips/OTS/Enron@ENRON, Jim Peterson/OTS/Enron@ENRON, Adam
Pollock/ENRON@enronXgate, Lisa Yoho/NA/Enron@Enron, Chris
Long/Corp/Enron@ENRON, Lisa Jacobson/ENRON@enronXgate
cc:

Subject: MTBE legislation

Today, Senators Bob Smith (R-NH) and Harry Reid (D-NV) will introduce an MTBE
bill. which is expected to be slightly different than we've seen in previous
Congresses.

We expect it to include:

1) a 4-year date certain to eliminate MTBE, with EPA determining the phaseout
schedule
2)  a lifting of the 2% oxygenate standard upon perfunctory petition by State
governors within 90 days from date of enactment
3)  and environmental "anti-backsliding" provision focused only on air-toxics
and using a 2000 baseline with a 27.5% percent standard (the way I understand
it right now, RFG must perform 27.5% better than 2000 baseline for
conventional gasoline)
4) provisions for MTBE producer "transition assistance"

Brief analysis:

We'll have more details shortly, but the bill looks a little better than
previous efforts.  A number of bills have been introduced this Congress, but
this will probably be the leading effort.

As you know, Enron has led efforts to include the "transition assistance"
piece -- which is still largely undefined in the legislation -- but we are
pleased with the inclusion of a "placeholder" while the Senate decides on the
best approach.  We will continue to lead the development of such incentives
(which will likely take the form of EPA/DOE funding for MTBE producers who
convert plants to produce iso-octane or alkylate).

An MTBE ban is of course not good, but a "date certain" gives producers more
flexibility to determine their options rather than reduce production under
several steps of a phase out.   Allowing states to get a waiver of the oxy
standard is probably a given in any legislation, but will face some
opposition from the ethanol community -- who just want a simple MTBE ban.

The anti-backsliding provision is still being refined, but looks fairly
lame.  We need more details to make an accurate assessment, but its likely
that environmental groups will want a bit more.

One political factor -- with Sen. Jim Jeffords leaving the Republican party,
Democrats will be given control of the Senate Environment Committee, which
will consider this bill.  They will likely allow Jeffords to chair the
committee.  The significance is that Sen. Bob Smith (R-NH) is the current
chair, and has been able to use that position to drive his past bills on MTBE
-- in losing the chairmanship, his legislation may face a longer road through
Committee.

I will keep you posted as the legislation evolves.

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


fyi

 -----Original Message-----
From: 	Zufferli, John
Sent:	Monday, October 22, 2001 1:41 PM
To:	Shankman, Jeffrey A.
Subject:	RE:

I never wrote nor implied that I was intending to hedge currency exposure with a third party.  I implied that I will hedge with you guys when and where I deem appropriate in the term structure.

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	Monday, October 22, 2001 12:31 PM
To:	Zufferli, John
Subject:

John,

I don't have all the facts around this transaction, but I don't think you are authorized to hedge currency exposure with outside counterparties as you've outlined in your email to Hickerson, etc.  I'd appreciate some information.

Jeff


I had already run the deal splitter on it but I hadn't updated the spreadsheet, so thanks!!

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Monday, January  28, 2002 12:45 PM
To:	Evans, Casey
Subject:	FW: Power Terminations

I updated the Physical Power Terminated spreadsheet with the following update.  FYI - it is NSTAR!

Stacey

 -----Original Message-----
From: 	Murphy, Melissa
Sent:	Monday, January 28, 2002 10:01 AM
To:	Evans, Casey; White, Stacey W.
Cc:	Reeves, Leslie; Allen, Thresa A.; Theriot, Kim S.
Subject:	Power Terminations

There is one additional counterparty on the attached spreadsheet:

 << File: Physical Power Terminated.xls >>

Melissa
3-1886


Norma,

I would like to proceed on two fronts with Sevile (both H1 visa and
the Green Card. I shall rather work hard to keep my employees happy
here than try to attach them to the job through immigration arrangements.
They can see through such arrangements and it de-motivates them.

Vince


we will play around 5 or 530


JUDY'S WORK & MONEY LIFEMINDERS FOR 11/29/2000

IN THE SPOTLIGHT

* Top 10 Ways to Blow Your Bonus

WORKING SMARTER

* Make LifeMinders Your Personal Computers & Technology Guide

MANAGING MONEY

* The Rising Cost of Staying Well

THE LIGHTER SIDE

* DILBERT The Short List: Top 10 Things To Do Before You Go On Vacation

INTERACTIVE LIFEMINDERS

* LifeMinders JobCenter

-----------------------------------------------------------

================
IN THE SPOTLIGHT
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DILBERT THE SHORT LIST: TOP 10 THINGS TO DO BEFORE YOU GO ON VACATION

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- I love those little mints on my pillow-bert.

3. Use the mailroom to pre-stamp your postcards.
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- buzzy

5. Wear a swimsuit to the executive washroom.
- Prophet-bert

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6. Add a paper umbrella every time you're asked to make a cup of coffee. (I
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- Decorationbert

7. Spend the entire day "clearing your calendar" (which you emptied during
the preceding days).
- Been-there-done-that-Bert

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- then ignore all but the personal stuff

9. Go to a conference in a vacation area, take vacation there, and fly both
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- My company allows this

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office web surfing as work time because my "mere presence in the office is
valuable."
- Not vacation, but not work

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12/03/2000 Cruelest Human Resources Programs
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Dale, what is the timing for adding this information.  Also are you
	or John setting up the meeting to discuss the accounting imbalance
	info?  Thanks. Lynn

 -----Original Message-----
From: 	Powell, Don
Sent:	Tuesday, July 17, 2001 1:59 PM
To:	Blair, Lynn; Ratliff, Dale; Trevino, Linda; Thompson, Rodney; Bodnar, Michael
Subject:	Gas Control Morning Report

Mike and I met today and have completed creation and testing of the database processes to breakup storage as follows.  Dale's team can implement these changes when ever they desire.  Please call Mike or I with questions.

Service			Database / Excel Procedure
Net FDD			No Change
Packet				ETSMorningReportPacket (date)
PNR				ETSMorningReportPNR (date)
Total Net FDD/IDD Storage	Sum three items above
Peak				ETSMorningReportPeak (date)
Pack				ETSMorningReportPack (date)
Unanticipated Swing		No Change

 -----Original Message-----
From: 	Bodnar, Michael
Sent:	Monday, July 16, 2001 11:08 AM
To:	Powell, Don; Thompson, Rodney
Cc:	Blair, Lynn; Ratliff, Dale; Trevino, Linda
Subject:	Gas Control Morning Report

Don,
Last week we talked about the Net IDD number displayed on the referenced report and the benefits of displaying the Net PNR activity separately from Net Packet activity. As a follow-up to that conversation I was able to confirm that the Service Sub Type in CMS was used to differentiate PNR contracts from Packets agreements in TMS.
PNR has No Contract "Service Sub Type"
Packets have a Service Sub Type of "A" (Seasonal), "B" (Backdraft) or "U" (Other). The Packet activity can be combined and reported as one number.
In addition, I have asked Contracts to establish Service Sub Types of Traditional, Non Traditional, and Storage for Service Type: SBA Pack/Draft so that Pack & Draft activity can be reported separately from the other activity. It is my  recommendation that the SBA line on the subject report be changed to report Peak activity (Service Type: SBA Winter Peaking) separately from Traditional Pack/Draft. The Non Traditional and Storage Pack/Draft should be used in calculating the Unanticipated Swing but should not be displayed on the report.
If you have any questions or would like to discuss further, please call me


Robin and I discussed this same point and agree that the March 9 order should
be brought to the court's attention.

>>> Ronald Carroll 03/14/01 04:10PM >>>
Richard:  In connection with EPMI's contention in the various California
litigations that they should be dismissed due to FERC's primary jurisdiction,
it strikes me that it may be helpful to lodge FERC's March 9, 2001 order with
the Court.  While FERC, in the 12/15 order, established its investigation,
the March 9 order makes findings and imposes remedies (fortunately not
against us).  This should enhance the primary jurisdiction argument.  FERC's
intent to occupy the field could not be more clear.  Ron


-----Original Message-----
From: 	"Gary Weilinger" <gweilinger@wei.org>@ENRON
Sent:	Monday, January  14, 2002 8:49 AM
To:	Alan Campbell; Andrea Benoit; Andy Jardine; Ben Anderson; Bill Love; Bob Lucente; Bob Ross; Brad Nadeau; Brian Dorais; Brian Laverne; Bruce Frankard; Bruce Murray; Bruce Webster; Bryn O'Shaughnessy; Carol Bloor; Conal Tackney; Darrin Hanik; Darwin Banash; Dave Fuchs; David Kosten; Debi Kelndorfer; Derek Danyliw; Don Marshall; Donald Curry; Dorothy Mersereau; Doug Kidd; Elsie Biever; Floyd Krukoff; Francis Dengis; Frank Fast; Frank Fast; George Yip; Glen McGinitie; Glenn Boone; Glenn Hammerlindl; Gord Cannon; Gord Salahor; Gordon Nadeau; Harvey Baron; Harvie Campbell; Hugh Klaassen; Irma Curtis; Jack Marsh; Janet Vellutini; Janice Kowch; Jennifer Clee; Jim Clapperton; Jim Crawford; Jim Jepson; Jim Langley; Joan Wilmotte; Joe Ardolino; John Causgrove; John Causgrove; John Yandel; Joy Stuckle; Karen Roe; Karla Schonberger; Kellie Rieger; Kelly Drader; Kevin Turchanski; Kim DeSante; Kim Giroux; Kristian Tange; Lara Fitzpatrick; Larry Stewart; Laura Davey; Lesley Pelletier; Linda Wadams; Lisa MacFarlane; Liz Prior; Lydia Sloan; Mac McGuire; Marc Moreau; Mark Glaser; Mark McNevin; Mel Rampersad; Melanie Hall; Morgan Grant; Murray Pow; Nick Geib; Patti Anderson; Paul Baxter; Paul Pierson; Peggi McDougall; Peter Saunders; Rene Frederick; Reshma Rawji; Richard MacDonald; Rick Mazurkewich; Rick New; Rob Courchesne; Robert Andrews; Robyn Derech; Ron Vogel; Sharlene Holman; Shawn Hill; Sheila Howe; Terry Cameron; Tim Houston; Tom Cole; Tracey Bell; Twyla McKinnon; Wilfred Barke; Yvonne Switzer
Cc:	Bob Winnitoy; Larry Hewitt; Brian Tanaka; Dan Dunlop; Dave Wharton; Doug Deeprose; Doug Richardson; Greg Staple; John DeGelder; Kurt Turcan; Ron Armstrong
Subject:	Fort Nelson Plant Redesign

To: All interested parties in the Fort Nelson Area
We have a project underway to redesign the processing capacity of our Fort
Nelson facility.  A key element of the project plan is to ensure
stakeholders are informed of the benefits and impacts of the planned
increase in throughput capacity, and that a process of regular communication
and update is in place.  Please find enclosed for your information a project
status report.  All the account managers are well aware of this exciting
initiative, and can answer any questions you may have which are not fully
addressed in the briefing document.  Alternatively, you may also contact me
with any further questions or inquiries.

 <<Customer Fact Sheet Final 010902.doc>>

Gary C. Weilinger
Director, Marketing
Westcoast Energy Inc,, Pipeline & Field Services Div.
2200 The Dome Tower, T.D. Square, 333-7th Ave., S.W.
Calgary, AB  T2P 2Z1
(403)216-0523, Fax (403)297-1799, Cell (403)650-8216

 - Customer Fact Sheet Final 010902.doc


Jeff
Please delete from the definition of Event of Default causes (ii) and (x) as these are dealt with in the Collateral Annex which has its own Events of Default section.  Thanks.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com

 -----Original Message-----
From: 	Hodge, Jeffrey T.
Sent:	Monday, February  4, 2002 2:17 PM
To:	Bradford, William S.; Calger, Christopher F.; Cook, Mary; Davis, Angela; Haedicke, Mark E.; Keohane, Peter; Kitchen, Louise; Nemec, Gerald; Sager, Elizabeth; St. Clair, Carol; Taylor, Mark E (Legal); Vickers, Frank; 'bryan.murtagh@usbw.com'
Subject:	Gas Master

All:

	Attached you will find a clean and marked version of the Master Firm Gas Purchase/Sale Agreement.  Your thoughts would be appreciated as this is somewhat of a  departure from the previous approach.  I will continue to review as this was thown together fairly quickly and I have not had the opportunity to carefully put all the pieces together.

Jeff << File: 3102sf form rev 2 .DOC >>  << File: COMPARITE 2 >>


In the previous credit worksheet for the Master Agreement I incorrectly
identified the entity we would like to contract with.  In this new worksheet,
I have provided the correct entity we would like to enter into this contract
with.  Please disregard the previous entity and instead refer to this credit
worksheet.

thanks
brant


Thats what we want Stuart to go and find out.  Kim and Martha--do you think
it makes sense (i.e., cost benefit ratio) to send Stuart or should one of you
guys go?  Thanks.  DF

Lee Huber
12/21/99 11:43 AM
To: "Ford, Stuart J." <sford@velaw.com>
cc: Drew Fossum/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Martha
Janousek/ET&S/Enron@ENRON

Subject: Re: Presentation on RM by Matt Johnson on 1/19 to NESA

What is NESA?


Notice No. 01-427
December 6, 2001

TO: 		All NYMEX and COMEX Division Members
		All Clearing Members and Member Firms

FROM: 		J. Robert Collins, Jr., President

RE: 		EXCHANGE EXTENDS ABBREVIATED TRADING HOURS INDEFINITELY

The New York Mercantile Exchange, Inc., today announced that it would extend
the abbreviated trading hours currently in place indefinitely.

The Exchange board made this decision in light of continued commuting
concerns and the heavier-than-normal volumes experienced by the Exchange,
despite the reduced hours.

Trading hours are as follows:

Contract				Open Outcry Trading	NYMEX
ACCESS
 Trading
Copper					8:10 AM to 1:00 PM	7 Sun./3:15
PM, M-Th to 8 AM
Aluminum				8:15AM to 12:55 PM	7 Sun./3:15
PM, M-Th to 8 AM
Gold					9:00 AM to 1:30 PM	7 Sun./3:15
PM, M-Th to 8 AM
Silver					9:05 AM to 1:25 PM	7 Sun./3:15
PM, M-Th to 8 AM
Eurotop 100
 and 300
 futures		8:15 AM to 11:00 AM
Platinum 				8:20 AM to 1:05 PM	7 Sun./3:15
PM, M-Th to 8 AM
Palladium				8:30 AM to 1 PM		7 Sun./3:15
PM, M-Th to 8 AM
Propane 					9:20 AM to 1:10 PM	5 to
7 PM, Mon. - Thurs.
Natural Gas		          	          	10:00 AM to 2:30 PM*
7 Sun./3:15 PM, M-Th to 9 AM
Brent Crude Oil				9:45 AM to 2:30 PM	7 Sun./3:15
PM, M-Th to 9 AM
Light, Sweet Crude Oil         	          	10:00 AM to 2:30 PM	7
Sun./3:15 PM, M-Th to 9 AM
Heating Oil		    		 10:05 AM to 2:30 PM	7 Sun./3:15
PM, M-Th to 9 AM
Unleaded Gasoline	    		 10:05 AM to 2:30 PM	7 Sun./3:15
PM, M-Th to 9 AM
Crack Spread Options	          	          	10:05 AM to 2:30 PM

Brent/WTI Spread Options  	         	10:00 AM to 2:30 PM
Coal Futures		          	          	10:30 AM to 2:00 PM

*Natural gas futures and options will close at 2:45 PM on any futures
termination day that falls on a Wednesday.


i went.  it was incredible.  one of the best games i have seen there.  rohan
is the man.  we would be 4-1 if he could have played last week.  big game
sat.  we need to do something for the game.


Here's where I'll be tomorrow.
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/08/2001 04:53
PM ---------------------------

	From:  Kathleen Carnahan                           02/08/2001 03:58 PM

To: Kay Mann/Corp/Enron@Enron, Roger Balog/HOU/ECT@ECT
cc:

Subject: OFF SITE MEETING - ALL DETAILS

---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 02/08/2001
03:57 PM ---------------------------

	Lorie Leigh @ ECT
	02/07/2001 12:31 PM

To: Scott Churbock/NA/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Mathew Gimble/HOU/ECT@ECT, Chris
Booth/NA/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON,
Raimund Grube/Corp/Enron@ENRON, John Moore/Corp/Enron@Enron, Fred
Mitro/HOU/ECT@ECT, Steve Krimsky/Corp/Enron@Enron, Greg
Krause/Corp/Enron@Enron
cc:

Subject: OFF SITE MEETING - ALL DETAILS

The mandatory off-site meeting info:

Day:  Friday, February 9th
Time:   9AM - 1PM
Place:  Hyatt Downtown Regency
Room:  WindowBox
Purpose:  Topic of the meeting is to present our budget for the year, and
discuss our overall strategy.
Food:  A breakfast starter tray and lunch & drink assortment will be provided.

If anyone has any questions please contact me at x31696
Lorie Leigh


Not a surprise.

From: Jeff Dasovich on 12/13/2000 12:50 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Davis, Hoecker and Richardson

Word on the street is that Davis, Hoecker and Richardson are meeting in D.C.
today.  That consistent with what your hearing?


Hi Kate!
This deal has a strange delivery point -ZP-26.  Is that right?  It might be,
but it's just strange, so I thought I'd ask.
Thanks!
Kim


Is this it?  I thought we had heard it from "3 or 4" sources.

	Enron Capital & Trade Resources Corp.

	From:  Rebecca W Cantrell @ ECT                           05/24/2001 11:30 AM

To: Steven J Kean/NA/Enron@ENRON
cc: Leslie Lawner/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron

Subject: Re: EOL

The attorney for SoCal Edison mentioned it to Randy Rich when they were
discussing the data request that SoCal Edison sent ENA/EES in the CPUC
complaint proceeding.  However, it has not been brought up in any of the
testimony filed in the case, nor raised at the hearing.

Steven J Kean@ENRON
05/23/2001 05:34 PM
To: Leslie Lawner/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Rebecca W
Cantrell/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
cc:
Subject:

I just spoke with Clark Smith, head of Elpaso's merchant arm.  I told him
that we had been hearing that El Paso was blaming Enrononline for problems in
Western gas markets.  He asked for some more specifics about who exactly was
spreading the rumor (I told him we had heard it from 3-4 sources).  He
acknowledged that EOL was not the problem; said he couldn't believe that it
had been identified as such; and said he would bring it up on his call with
his Washington team this afternoon.

I think he will put it to rest (except for whatever damage has already been
done).  I did promise to get some more specifics on who has told us that El
Paso pointed to us.  Can anybody give some info on that?


(See attached file: HPLN1214.xls)

 - HPLN1214.xls


Start Date: 1/4/02; HourAhead hour: 12;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010412.txt


Melissa,   I would prefer to have Brian Bierbach sign.  His title is Vice
President.  Let me know if you need anything else.
Thanks.

Melissa Hughes <MHUGHES@HOLLANDHART.COM> on 10/01/99 01:01:14 PM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Affidavit

Gerald - I am preparing the affidavit, and we would prefer if it is signed
by a business person, rather than a lawyer.  What was the name of the
business person in Denver who was on the conference call when we
were arranging this deal?  Would it be okay if he signed? Sorry I can't
remember his name.

Melissa


Good morning!

If you have done so already, can you please return your feedback to me ASAP?

Thanks!
Amy


Call me when you have a chance
----- Forwarded by Sara Shackleton/HOU/ECT on 08/24/2000 09:11 AM -----

	Carol St Clair
	08/24/2000 08:14 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 cc:
		 Subject: Enron/McGarret C

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 08/24/00 08:11 AM -----

	"CHRIS KRECEK" <KRECC@andrews-kurth.com>
	08/23/00 02:47 PM

		 To: <alan.quaintance@enron.com>, <brenda.l.funk@enron.com>,
<Carol.St.Clair@enron.com>, <charles.delacey@enron.com>,
<Clement.abrams@enron.com>, <David.roland@enron.com>,
<Gina.Karathanos@enron.com>, <joel.ephross@enron.com>,
<tina.livingston@enron.com>, <Trevor.Randolph@enron.com>,
<trushar.patel@enron.com>, <mniebruegge@mayerbrown.com>,
<tellwood@mayerbrown.com>, <eawilburn@prickett.com>, <Tamullen@prickett.com>,
<kenton@rlf.com>, <Mercedes.arango@us.cibc.com>, <schottla@us.cibc.com>,
<wolfmark@us.cibc.com>, <ARoberts@WilmingtonTrust.com>
		 cc: "David Barbour" <BARBD@andrews-kurth.com>, "MURIEL McFARLING"
<MCFAM@andrews-kurth.com>, "Michael Thimmig" <THIMM@andrews-kurth.com>
		 Subject: Enron/McGarret C

In connection with the Hawaii 125-0 McGarret C transaction scheduled to close
August 31, 2000, attached in WordPerfect format are the following closing
documents marked against the McGarret B Series:

Closing Checklist (254308);
Asset Notice (254309);
Series Certificate of Beneficial Ownership (254316);
Series Supplement (254319);
Drawdown Request (254322);
Total Return Swap Confirmation (254324);
Put Option Agreement (254334);
Put Option Assignment (254341);
Notice of Put Option Assignment (254345);
Promissory Note (Big Island III) (254347);
B Interest Assignment Agreement (254349);
Warrant Assignment (254351);
Amended and Restated LLC Agreement (McGarret III) (254352);
Amended and Restated LLC Agreement (Big Island) (254356);
Receipt of Asset LLC (254362);
Receipt of Transferor (254365);
Receipt of Trust (254366);
Independent Auctioneer Letter Agreement (254369);
Sale and Auction Agreement (254372);
Direction Letter (254376); and
General Opinion of A&K (254385).

If you have any questions or comments, please call Muriel McFarling at (214)
659-4461.  Thank you.

Chris Krecek, Secretary/Legal Assistant
Andrews & Kurth L.L.P.
1717 Main Street, Suite 3700
Dallas, Texas 75201
Phone: (214) 659-4481
Fax: (214) 659-4401
Email: ckrecek@andrews-kurth.com

CONFIDENTIALITY NOTICE:  The information in this e-mail (including any
attachments) is confidential, legally privileged and intended only for the
use of each recipient named above.  If you are not an intended recipient, you
must not read, use or disseminate this information.  If you have received
this e-mail in error, please notify the sender immediately by reply e-mail
and delete this e-mail from your computer.
VIRUS WARNING:  Although this e-mail (including any attachments) is not
intended to contain any virus or defect that may affect your computer, you
are responsible for ensuring that no virus or defect exists.  The sender
disclaims any responsibility for any loss or damages arising from any virus
or defect associated with this e-mail.

 - 254385.wpd
 - 254309.wpd
 - 254316.wpd
 - 254319.wpd
 - 254322.wpd
 - 254324.wpd
 - 254334.wpd
 - 254341.wpd
 - 254345.wpd
 - 254347.wpd
 - 254349.wpd
 - 254351.wpd
 - 254352.wpd
 - 254362.wpd
 - 254365.wpd
 - 254366.wpd
 - 254369.wpd
 - 254372.wpd
 - 254376.wpd
 - 254308.wpd


Dear Market Participant,

Technical Bulletin # 76  - Bidding, Scheduling and Settlement
Rules for CLR and ELR - is being distributed for Market Participant
comment.  The Technical Bulletin will be posted to the NYISO
web site following the comment period.

Please note that comments received will be forwarded
to the Generation Issues Task Force (GITF) for review
and discussion.  The identity of the person / company
submitting the comment will not be disclosed.

The purpose of our Technical Bulletins is to facilitate participation
in the NYISO by communicating various NYISO concepts,
techniques, and processes to Market Participants before they
can be formally documented in a NYISO manual.

Please forward comments on this Technical Bulletin, via email,
by 5PM on Friday, September 14, 2001 to:

Peter Lemme
NYISO Customer Technical Services
plemme@nyiso.com

(See attached file: TB_76_A.pdf)
 - TB_76_A.pdf


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Does this mean the LV Co Gen deal has fallen apart, or are there some new
LM's in our future?


-----Original Message-----
From: 	Lebrocq, Wendi
Sent:	Wednesday, October 24, 2001 5:31 PM
To:	Bradford, William S.; Lees, Lisa; Fayett, Juana; Le, Trang; Maley, Paul; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, Amy; Lafuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Ebow, Amber; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi; Taylor, Mark E (Legal); Lauer, Kara; Banner, Kimberly; Mcquade, Jennifer; George, Fraisy; Guillory, Michael; Rajaram, Aparna; Monterrey, Maribel; Lebeau, Maria; Escamilla, Albert; Lebrocq, Wendi; Global Emerging Businesses; Lambert, Karen; Jones, Tana; Schott, Samuel; Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; Curry, Ken
Subject:	EOL and Clickpaper Approvals for 10-24-01

Please see attached.

Regards,

Wendi Lebrocq
3-3835


Are y'all sober yet?

Let me in on what's going on with y'all.

I can see Ken and his boys going to jail. Bend over.

Murph.

Timothy E. Murphy
832.676.4900
832.676.1451 (fax)
tim.murphy@elpaso.com

******************************************************************
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.
******************************************************************


We are pleased to announce the creation of a new group - Asset Marketing -
within Enron Americas. The Asset Marketing group will have responsibility for
the asset divestment function within Enron Americas and work with Generation
Investments on selected portfolio acquisitions as well as managing power
origination funding requirements with Treasury.

Don Miller will head the Asset Marketing group and will report directly to
the Office of the Chair, Enron Americas. Joining Don's group will be Stuart
Zisman.  Stuart was formerly in ENA Legal, having most recently worked on the
sale of ENA's peaker plants with Don.

Please join us in congratulating Don and Stuart in their new roles.


Can you verify what New Power is getting at A06 please?

---------------------- Forwarded by Chris Germany/HOU/ECT on 02/08/2001 10:31
AM ---------------------------

Jeffrey Porter@NEWPOWER
02/08/2001 08:41 AM
To: Chris Germany/HOU/ECT@ECT@EES
cc:
Subject: Re: Feb 2001 activity

At A06 we are buying 3,751, not 3,674. Not sure where you got Pool deal
21,066, but let's talk this PM. At least we are close.


Hi Scott,

I'm tied up in a call and I don't know when I'll be out.  Hopefully, things
will lighten up soon.

Kay


Just because TEP can't go to the game on Tuesday, doesn't mean we shouldn't go.  I would like to take Citizens, if they can come down from Flagstaff.  What do you think - can we get tix?


It's no big deal, but I still can't see Kristi's IRA online.  I also don't
receive statements in the mail for the account.  It looks as if the automated
transactions worked this month.

DG


Hi Vince!

I got those notes. They should indeed
be useful. The one from Deutsche Bank
is especially helpful!

I am suppose to know this stuff, as I teach it!

Sorry about the delayed billing.
I have had trouble getting a bill
from my excellent asistant, Taichi Hoshino,
who has returned to Goldman Tokyo,
and has not been able to get anything else
done lately. I will try to get something out soon!

We had several energy people,
from several companies, at our credit risk
exec ed course last month. Seems that
credit risk and  power risk go
together these days!

Warm regards, Darrell

On Fri, 30 Mar 2001 Vince.J.Kaminski@enron.com wrote:

>
> Darrell,
>
> I am sending you 2 technical notes on Enron default swaps: I hope that they
> will
> be useful. I shall read the articles on weekend. I am curious if you
> find these explanations satisfactory.
>
> We are very slow in preparing a number of technical documents
> for you for model reviews. We still hope you will be able
> to find some time to review our credit models (for our London
> credit trading) and  VaR and option pricing related models.
>
> Also, please check your invoices. I still think we owe you money.
>
>
> Vince
>  (See attached file: CDS vs AS.pdf)(See attached file: cdsstrat.pdf)
>
>
>
>
> Darrell Duffie <duffie@stanford.edu> on 03/28/2001 08:07:38 AM
>
> To:   Vince J Kaminski <Vince.J.Kaminski@enron.com>
> cc:
> Subject:  Re: Enron default swaps
>
>
>
>
> Vince: According to a Bank of America
> publication, your (Enron) default swap spreads
> are consistently trading about 80
> basis points wider than your asset swaps.
> Any idea of what is going on here?
>
> Thanks for any guidance, Darrell
>
>
> _____________________________________________
> Darrell Duffie
> mail  GSB Stanford CA 94305-5015 USA
> phone 650 723 1976
> fax   650 725 7979
> email duffie@stanford.edu
> web   http://www.stanford.edu/~duffie/
> _____________________________________________
>
>
>
>

_____________________________________________
Darrell Duffie
mail  GSB Stanford CA 94305-5015 USA
phone 650 723 1976
fax   650 725 7979
email duffie@stanford.edu
web   http://www.stanford.edu/~duffie/
_____________________________________________


I believe that all of you have met Frank (whose last name I can't remember),
the HR generalist who is currently working with Hector to serve the HR needs
for Energy Operations in ENA.   Frank is working on a contract basis at this
time, and Sheila Walton is seeking feedback on his performance to date in
order to evaluate the duration of his work as a contractor and the
feasibility of bringing him in as an employee.  I have given Sheila my
feedback, but suggested to her that you may have had more contact with Frank
than I have had.  Please take the time to send Sheila an e:mail message or
voice mail to let her know what your experiences have been in working with
Frank.  Your input will be very valuable to Sheila.   Thanks for taking the
time to do this.


This one looks even better.
PL

MGR DEAL STRUCTURING FEDERAL

ESSENTIAL FUNCTIONS: The primary function of this position will be to lead
the evaluation and structuring of Federal privatization
transactions. This will include managing the internal risk assessment process
and drafting key contractual terms in our bid documents to
achieve the closing of Federal Solutions outsourcing transactions. Lead and
project-manage diverse Enron and third party human resources
in multiple geographic locations involved in the analysis, structuring,
pricing, negotiating and closing of complete energy outsourcing contracts
for clients in Federal market sectors. Lead and become hands-on involved in
the financial analysis, preparation of proposal documents,
responses to Requests For Information from the Federal clients, term sheets
and negotiation of business terms and definitive agreements
with the customer. Insure that the commodity, energy assets, management, and
finance functions have acquired accurate, in-depth customer
information in order to analyze and develop effective costing for the
proposed transactions. Drive value, clarity, creativity and innovation
within the deal-making process. Install value in transactions that address
customer needs and differentiate Enron Energy Services from
competitors. As a key member of the Federal Solutions outsourcing team, this
individual must contribute to the continuous improvement and
simplifying of Enron's deal structuring/management process.

ESSENTIAL REQUIREMENTS: Undergraduate degree in finance or accounting or
comparable graduate business school background. 7+
years experience working in finance/treasury/accounting functions.
Significant transaction experience including internal approval and external
negotiation processes. Must possess transactional savvy and a successful
track record of building strong relationships and leading within all
stages of the deal development process, including needs analysis, financial
and technical due diligence, proposal development, customer
interface and closing process. Creativity is important in the management of
the deal structuring/deal management process. Person must
creatively approach the outsourced deal and conceptualize new solutions which
solve clients' problems. Must be a strong analytical thinker
who applies this trait to effect individual tasks as well as overall process
improvement. Experience with and understanding of derivative
instruments, including swaps, options and the like. Extensive experience in
putting together complex solutions under long term arrangements.

PREFERRED SKILLS: MBA preferred. Federal or Military contracting experience
preferred. Self-starter with ability to handle multiple
projects simultaneously. Strong communication skills. Previous banking/credit
experience and/or CPA a plus. Person must have the
confidence, presence, and communication skills to work effectively at all
levels of an organization.

SPECIAL CHARACTERISTICS: Overall business knowledge is critical in order to
fully realize the implications of providing outsourced
energy services and the effect these services have on the economics and the
day-to-day business of the Federal customers. Must see the
deal through and negotiate with senior officials and contracting officers.
Key performance measure will include development of profitable,
internally replicable deal structures, deal closing and earnings generation,
and adherence to Enron's Vision and Values.

CONTACT: To be considered for this position, do not contact the hiring
manager directly, send us your resume showing clearly how your
experience addresses each of the essential requirements listed. Please email
to eesjobs1@enron.com as plain text in the body of the
message or as a .doc or .txt attachment. Please indicate job number and title
of position you desire on the email subject line. Whether
emailing, faxing or mailing, Please eliminate Italics, underlining, multiple
margins or side-by-side columns.

Job ID
              0000103673

Department
              EES DEAL DEVELOPMENT

Company
              WHOLESALE, RETAIL & COMM
              ENRON ENERGY SERVICES

Location
              HOUSTON, TX

Type

Pay
              n/a

FLSA class

Manager
              THOMPSON,CHARLES

Recruiter
              LBURTON

Log
              n/a

Grade
              CS.06..M

Response
              NA

Relocation
              N

Posting date
              03-MAY-00


May have to reschedule until the end of next week to bring Bruce to Houston.  What does Thurs/Friday of next week look like.
 -----Original Message-----
From: 	Thomas, Jake
Sent:	Tuesday, October 23, 2001 11:36 AM
To:	Whitt, Mark; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

That actually works out perfect for my schedule

Jake Thomas
503-464-3803

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Tuesday, October 23, 2001 10:18 AM
To:	Thomas, Jake
Cc:	Bump, Dan J.; Walton, Steve
Subject:	FW: Buffalo Power Company LLC - Gas Turbine Power Plant Project

Can we meet next Tuesday on October 30th?  Afternoon is prefferable.

 -----Original Message-----
From: 	Walton, Steve
Sent:	Tuesday, October 23, 2001 11:12 AM
To:	Whitt, Mark
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I am booked all of this week.  Tuesday of next week might work if in the afternoon so I could fly in that morning.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Monday, October 22, 2001 3:32 PM
To:	Thomas, Jake; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

It works for me.  Steve, would that be possible for you?

 -----Original Message-----
From: 	Thomas, Jake
Sent:	Monday, October 22, 2001 2:03 PM
To:	Whitt, Mark; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I have already made plans for the 14th - How about later this weeks or early next. ?

Jake Thomas
503-464-3803

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Monday, October 22, 2001 12:36 PM
To:	Walton, Steve
Cc:	Thomas, Jake
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I have to go to the management meeting in San Antonio on the afternoon of the 14th.  Would it be possible to meet in Denver on the morning of the 14th?

 -----Original Message-----
From: 	Walton, Steve
Sent:	Monday, October 22, 2001 10:24 AM
To:	Whitt, Mark; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

Mark,

	I am committed to a meeting in Seattle with the Western Governors and the FERC on November 1 and 2 respectively.  The next meeting of the Wyoming Energy Commission is on November 12-13 in Evanston and a meeting in Spokane on the 15th, leaving the 14th open.  I know that is beyond your two week window, but it would be the best time for me.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 19, 2001 3:51 PM
To:	Walton, Steve; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	Buffalo Power Company LLC - Gas Turbine Power Plant Project

ENA and Crestone (Northern Border's non-regulated affiliate) met with a group of developers and Joe Meyer, Secretary of State in Wyoming, who have proposed to build a 200 MW power plant (expandable to 500 MW) in the Powder River basin of Wyoming.  Their "angle" is that the existing utility, Powder River Electric Coop, cannot meet the demand for electricity and the necessary distribution infrastructure to maintain the pace of development in the Coal Bed Methane BOOM that is happening in the basin.

As you may or may not know, Enron has been very involved in this Coal Bed Methane play since 1998.  ENA is the largest purchaser of 3rd party gas in the basin and Crestone is the largest non-producer gathering company in the basin.  Crestone has a gathering trunkline located near their proposed site.  The developers will be filing a petition to remove this area from the COOP's certificated territory in the next couple of weeks.

There are obviously regulatory issues revolving around their ability to gain access to this "retail" market and the project would not be economically feasible as a merchant plant in the wholesale market.  However, they seem to have some political backing.

These developers recognize that they need Enron's assistance in developing this project on three main fronts:

1.  Power Marketing and Project development
2.  Gas Supplies and Pipeline access
3.  Regulatory and Transmission expertise

Given the fact that Joe Meyer is the early favorite to be the next Wyoming Governor and we are trying to work well with the State of Wyoming, and we have a natural competitive advantage in this market from a gas supply and pipeline perspective, I would like to pursue this opportunity a little further.

Therefore, I am wondering if I could get a Sr. Commercial Power Representative and a Regulatory Representative (Steve Walton would be good since he will be on the Wyoming Energy Commission), to attend a meeting in Denver with myself and the Crestone representatives sometime in the next 2 weeks.

Please give me a call and I can elaborate on the opportunity or answer your questions.  I don't want to make this email a novel!

Thanks a lot.

303-575-6473


everything look ok?  does the enron direct data look correct?

 -----Original Message-----
From: 	Savidant, Michael
Sent:	Tuesday, December 11, 2001 2:30 PM
To:	Richey, Cooper
Subject:	me again

forget I asked for that Enmax breakout. I looked at the raw data, and the unregulated portion is stupidly small. No worries.

Mike


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Please look at this and amke the appropriate corrections.
Thanks
Mark

	Gerald Nemec@ECT
	02/21/2001 01:43 PM

		 To: Mark Whitt/NA/Enron@Enron
		 cc:
		 Subject: Spot Contracts

Attached are the Enfolio and GISB Spot Contracts.  Let's discuss.


Small world - I have talked to Gerald and Dana before about Enron people they know but don't ever remember hearing your name.  I would like to meet you, however I am going to be in Kansas hunting from November 9th through 14th.

 -----Original Message-----
From: 	Campbell, Scott
Sent:	Monday, October 22, 2001 10:41 AM
To:	Cuilla, Martin
Subject:	Small World

Martin,
Apparently you live right next door to friends of mine.  Dana Welsh and Gerald King were neighbors of mine when I lived in Houston in 1998, and my wife and I still keep in contact with them.  As a matter of fact, we'll be staying with them on November 11 & 12 before their wedding, and might knock on your door to meet you.  Funny, Dana mentioned in the past you worked for Enron, but it's such a big company I didn't think I might know you.

Regards,

T. Scott Campbell
Director
Enron Energy Services Canada Corp.
9th Floor
645 - 7th Avenue S.W.
Calgary, AB T2P 4G8
phone 403-663-2832
fax 403-663-2899


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/13/2000
08:21 AM ---------------------------

Tanya Tamarchenko
11/10/2000 04:17 PM
To: Naveen Andrews/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT
Subject: Re: looking for "Fat Tails" in time-series for NGI-SOCAL

Naveen,

I got NGI-SOCAL prices for prompt, prompt+1,...,prompt+59 contracts.
For each contract I calculated moving average based on 21 log-returns as
well as moving volatility. Then I calculated normalized log-returns:

[ return(t)-ave(t) ] / vol(t)

and compared the results to normal distribution.

I COULD NOT FIND Fat Tails!

Volatility changes a lot from day to day, so when people look at
log-returns (not normalized) it seems that there fat tails (big spikes, large
returns more frequent than normal),
which comes from the fact that volatility is not constant (at all).

See the spreadsheet is under O:\_Dropbox\Tanya

Tanya


---------------------- Forwarded by Chris Germany/HOU/ECT on 06/27/2000 11:27
AM ---------------------------

Timothy L Ray@EES
06/27/2000 10:04 AM
To: jporte1@columbiaenergygroup.com @ ENROn
cc: John Henderson/HOU/EES@EES, Jeff Golden/HOU/EES@EES,
dpick@columbiaenergygroup.com, Chris Germany/HOU/ECT@ECT
Subject: Re: TCO Capacity

Jeff;
I recommend that CES have ENA match the pricing for each package that has
been bid.  This means that we will let the unbid portion of capacity remain
under the posting.

Please copy me on your e-mail to ENA.  Thanks

jporte1@columbiaenergygroup.com on 06/26/2000 08:23:12 AM
To: " - *tray@enron.com" <tray@enron.com>
cc:
Subject: Re: TCO Capacity

This should do it. I believe the BGE Rate Schedule on CNG is GSS. Call if you
need more info.

tray@enron.com on 06/25/2000 01:32:18 PM
Please respond to tray@enron.com

To: Jeffrey Porter/CES/ColumbiaGas@COLUMBIAGAS
cc:
Subject: Re: TCO Capacity

I will have a discussion with Dick Jenkins on Tuesday afternoon.  I will
see what he can offer to us in terms of of bundled delivered package.  ENA
has 23K a day going to Zone 5.  They should be willing to deal.  Is there
anyway you can take a stab at what our position is from Nov 00 to Oct 01 by
zone and op, less the winter storage and SST that we own?  I need a good
idea what our needs are.  I could compile this myself but I am loaded up on
finalizing the deal on Monday.  Thanks

jporte1@columbiaenergygroup.com on 06/23/2000 03:08:03 PM

To:   " - *Timothy.L.Ray@enron.com" <Timothy.L.Ray@enron.com>
cc:   " - *Condie, Elden" <econdie@columbiaenergygroup.com>
Subject:  TCO Capacity

Surprisingly, 12,485 of our 15,500 dth/d of capacity that TCO had put out
for
bid, has been bid on for between the minimum, $5.171 and $5.1807. CES
currently
has it from 11/99 to 10/00 for $4.56.  We have until 7/6 to tell ENA, as
our
agent, to tell TCO whether we want to match those bids for the next year or
let
it go to the bidders.
Also here is an update on the non theoretical storage.

(See attached file: nonThSto.xls)

 - nonThSto.xls
 - coh2000-2001.xls


The use of cell phones and pagers has increased dramatically in the past few
years.  As a result the Accounts Payable department has seen a rapid increase
in the number of invoices and vendors.  With the higher volume, we have
reviewed our processes in order to continue our rapid payment cycle.

Although we encourage vendors to address their invoices to individual
employees, they often mail invoices directly to Accounts Payable.  At times
they fail to list the individual who uses the pager or cell phone.  In these
cases we return the invoice to the vendor.  If the employee is designated, we
try to track him/her down and forward the invoice.  The high level of
employee movement among jobs and locations at Enron has made this
increasingly challenging.  Either way, we end up doing something less
productive than paying invoices.

To maintain satisfactory response to our vendors and to reduce time necessary
for research, we request that employees who have pagers, cell phones, and
other individually billed items such as licenses, subscriptions, etc., pay
for them by personal check or charge card (if applicable*payment instructions
are usually indicated on the invoice) and request reimbursement through
employee expense reports.

By submitting these charges on your expense report, you can help us reduce
the amount of time spent researching and forwarding invoices, the number of
checks generated by Treasury, the number of vendors in our database, and the
turnaround time for payment of invoices.


any day next week is good


Appointment of Paul Lanham as Senior Vice President And Chief Technology
Officer of Jones Apparel Group, Inc.

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

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

View complete article at:
http://www.stockselector.com/newsarticle.asp?symbol=JNY&article=21603461

JONES APPAREL GROUP INC  33.250

BRISTOL, Pa., Dec 11, 2000 /PRNewswire via COMTEX/ -- Wesley R. Card, Chief
Financial Officer for Jones Apparel Group, Inc. (NYSE: JNY), today announced
the
appointment of Paul Lanham to the newly created position of Senior Vice
President and Chief Technology Officer of the Jones Apparel Group. I

Other Companies Involved:
AMES
N/A
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To unsubscribe, please go to
http://www.stockselector.com/modifyportfolio.asp?portnumber=1

, Copyright 1998-99, StockSelector.com


SK - I put it on your schedule as an FYI.  mm

Our 2nd group meeting is scheduled for Tuesday, February 8, from 9:00 - 11:00
am Central Standard Time.  Each subgroup will discuss their progress.
See the attached file for subgroup tasks and membership.  Also below is the
most up-to-date team roster.

Details for the Feb 8 meeting will be provided later.  Thank you!


Now that we have all migrated to Outlook, please be sure to give everyone in the group access to view your calendar.  You will need to grant permissions to all group members both in the "Outlook Today" box at the top of your folders list and in the "Calendar" box.

1.  Right click on "Outlook Today" at the top of the folders list (if your folders list is not visible, click on "View" and then "Folder List")
2.  Left click on "Properties" at the bottom of the list that pops up
3.  Left  click on the "Permissions" tab
4.  Add all of the swap group members as "Reviewers" to give them read access

Repeat the above process but starting on the "Calendar" line of your folders list.

Once everyone has done this, we will all be able to access each other's calendars by using the File Open menu.


Any update?  People are anxious to get on the system.

We are working with them on some other initiatives, and would like to get
this signed asap.

Thanks
Sheri

Mark Greenberg@ENRON
02/20/2001 01:02 PM
To: Sheri Thomas/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Re: Tradespark

Sheri -

I was only able to get to the public face pages.  I have not attempted access
in the last couple of days.

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

	Sheri Thomas@ECT
	02/20/2001 10:02 AM

		 To: Mark Greenberg/NA/Enron@ENRON
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Tradespark

Were you guys ever able to get into the site?  Just checking on the status.
thanks
Sheri


Mary has this.  Seeks $250 price caps against sellers into Cal. with market
based rates.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 08/03/2000
11:49 AM ---------------------------

"Jackie Gallagher" <JGallagher@epsa.org> on 08/03/2000 11:12:09 AM
To: <cwentlent@aesc.com>, <bbuchynsky@aol.com>, <cpowerc@aol.com>,
<frayblay@aol.com>, <John.A.Cohen@BAKERNET.com>, <apennix@bostonpacific.com>,
<croach@bostonpacific.com>, <alycial@calpine.com>, <eileenk@calpine.com>,
<jackp@calpine.com>, <jimmyg@calpine.com>, <JoeR@calpine.com>,
<GeoffM@citizenspower.com>, <brad.ashton@coastalcorp.com>,
<david.sims@coastalcorp.com>, <marcus.da.cunha@coastalcorp.com>,
<martin.allday@coastalcorp.com>, <robert.moore@coastalcorp.com>,
<susan.ginsberg@coastalcorp.com>, <davidhodges@cogentrix.com>,
<rzuland@columbiaenergygroup.com>, <JBarnett@coral-energy.com>,
<rreilley@coral-energy.com>, <zori_ferkin@deweyballantine.com>,
<eisenstatl@dsmo.com>, <rustumm@dsmo.com>, <jmdonnell@duke-energy.com>,
<lebarrett@duke-energy.com>, <mfgildea@duke-energy.com>,
<rjmatlock@duke-energy.com>, <BNHU@dynegy.com>, <daki@dynegy.com>,
<jjha@dynegy.com>, <jjst@dynegy.com>, <mado@dynegy.com>, <pges@dynegy.com>,
<jsena@EdisonMission.com>, <luke.mickum@engageenergy.com>,
<bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<janelle.scheuer@enron.com>, <jhartso@enron.com>, <sarah.novosel@enron.com>,
<tom.hoatson@enron.com>, <rbrown@exeloncorp.com>, <jack.hawks@gen.pge.com>,
<sarah.barpoulis@gen.pge.com>, <sbarishstraus@gpu.com>,
<oneill@greenmountain.com>, <mtighe@hess.com>, <smutny@iepa.com>,
<john@ippny.org>, <don.santa@lgeenergy.com>, <agoldberg@lgl.twc.com>,
<rfahey@mwgen.com>, <joe.bizzano@nrgenergy.com>,
<barry.green@ontariopowergeneration.com>,
<tony.petrella@ontariopowergeneration.com>, <mhornstein@orrick.com>,
<karen.tomcala@pge-corp.com>, <diane.featherstone@powersrc.com>,
<mphillips@pwrteam.com>, <dapplebaum@sithe.com>, <gbrown@sithe.com>,
<lwisniewski@sithe.com>, <rfernandez@sithe.com>, <sweiner@sithe.com>,
<anne.cleary@southernenergy.com>, <mike.mcclenahan@southernenergy.com>,
<afontana@tenaska.com>, <jmartin@tenaska.com>, <GTakvorian@Thermoecotek.com>,
<shelyer@tnsk.com>, <tharper@tnsk.com>, <ltun@tractebelusa.com>,
<david.goodman@uaecorp.com>, <joe.greco@uaecorp.com>,
<elliot.roseman@us.pwcglobal.com>, <himesh.dhungel@us.pwcglobal.com>,
<mark.niehaus@us.pwcglobal.com>, <bruce.a.connell@usa.conoco.com>,
<pete.frost@usa.conoco.com>, <JJB@VNF.com>, <twicks@wcp.twc.com>,
<dennis.keener@williams.com>, <jane.mudgett@williams.com>,
<Judy.Neason@williams.com>, <kerwin.grider@williams.com>,
<mike.grim@williams.com>, <robert.o'connell@williams.com>,
<samuel.kwong@williams.com>, <Terrie.Donahue@williams.com>,
<gackerman@wptf.org>
cc: "Jackie Gallagher" <JGallagher.EGAPOST.EGA@epsa.org>, "Julie Simon"
<JSIMON.EGAPOST.EGA@epsa.org>, "Mark Bennett"
<MBennett.EGAPOST.EGA@epsa.org>, "Samantha Slater"
<SSLATER.EGAPOST.EGA@epsa.org>
Subject: San Diego Gas & Electric Complaint

Attached is the San Diego Gas & Electric Company complaint for your review.
In its complaint, SDG&E has requested that FERC make answers, motions to
intervene and protests due 15 days after the date of filing.  Please contact
Mark Bennett with comments at 202.789.7200 or mbennett@epsa.org.
In addition, the docket number is EL00-95-000.

Jacqueline Gallagher
Research/Policy Assistant
Electric Power Supply Association
1401 H Street, NW
Suite 760
Washington, DC  20005
202.789.7200
202.789.7201
jgallagher@epsa.org

 - 8 2 Complaint.doc
 - APPENDIX A-E.DOC
 - JUNJULdata.xls


Mom in New York (Janet Jones) 516-731-5996


Did everyone see this?

---------------------- Forwarded by Chris Germany/HOU/ECT on 10/24/2000 10:53
AM ---------------------------

Sean Boyle@ENRON
10/24/2000 09:22 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Capacity Center

Chris, I just figured out why you did not see the e-mail, I did not send it
to you!!!!
Sorry, here it is.
Guys,
A friend recommended Capacity Center, a service that e-mails information on
capacity release, daily activity reports and system notices from pipelines on
a daily basis.  There is a filtering mechanism for each service by pipeline,
time frame and the critical nature of  the notices.  The cost is based on the
number of users and reports, for example if we signed up 3 users for 6 months
the cost would be approximately $3,000.  If you would like to check it out  I
have negotiated a free trial for 2 weeks (until 11/5/00).  Click here
http://www.capacitycenter.com/  the login name is sboyle@enron.com and
password is jackd.  Let me know if you would like an overview or see any
reports I can forward them to you via my e-mail.  Or you can call
Carol Christopher
CapacityCenter.Com
Business Solutions Manager
978-535-5868

Thanks,
Sean


Attached are the three draft confirms:

Please let me know if we can send.  Sara


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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/99
04:59 PM ---------------------------

"Webmaster@cera.com" <webmaster on 12/20/99 11:35:46 AM
To: undisclosed-recipients:;
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: CERA Multimedia Presentation:  Monday, December 20, 1999

**********************************************************************
CERA Multimedia Presentation Replay Now Available!
Monday, December 20, 1999
**********************************************************************
Title: The Merger and Acquisition Dilemma
Author: North Natural Gas Team
E-Mail Category: Conference Call, Multimedia
Product Line: North American Natural Gas

URL: http://www.cera.com/client/nag/media.cfm

This year's delayed heating season has provided much-needed breathing room
for gas markets. With significantly warm weather in November and December,
fourth quarter demand has dropped considerably below expectations, and
storage inventories have remained higher than projected.  This has
temporarily eased the upward pressure on prices, but the fundamentals remain
aligned for tighter gas markets to come.  In a December 14, 1999 Conference
Call, CERA's North American Natural Gas Team discussed the status of the
current market:

? Warm weather so far this winter released pressure in the North American
gas market - this pressure has already begun to resurface.
? Winter storage and supply appear adequate, injections next summer could
still challenge supply availability.
? Northeast price volatility will continue, with or without added pipeline
capacity.
? Canadian supply - meeting demand.

To view and listen to a replay of this presentation (an example of a new
technology we are using), please click on the link above.

**end**

Follow URL for playback.
**********************************************************************
This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www.cera.com/tos.html
Questions/Comments: webmaster@cera.com
Copyright 1999. Cambridge Energy Research Associates
 - att1.htm


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/23/2000 02:02
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     08/23/2000 12:26 PM

To: "Leopold, Jason" <Jason.Leopold@dowjones.com>
cc:  (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Assembly Delays SDG&E Rate Roll-Back Vote To Thu

18:43 GMT  23 August 2000
 *DJ Calif Assembly Delays SDG&E Rate Roll-Back Vote To Thu

 Question About Who Will Pay Elec Bills

 NEW YORK (Dow Jones)--The California State Assembly has postponed until
Thursday
 a vote on restoring electricity rates for customers of San Diego Gas &
Electric Co. to
 pre-deregulation levels, according to a spokesman for Assemblywoman Susan
Davis
 (D-San Diego), who is sponsoring the bill.

 The bill was sent to the assembly's appropriations committee because some
 representatives are concerned about who - if not SDG&E customers - will pay
for
 electricity in the city this summer and past spring. The difference between
what SDG&E
 customers would pay under the legislation and what SDG&E is paying for
supplies in
 the skyrocketing electricity markets has been estimated at $1.5 billion.

 Assembly Passage Of Measure Uncertain

 The legislation would roll back electricity rates to June 1, 1999, levels
for customers of
 SDG&E, a unit of Sempra Energy (SRE). This spring and summer, the utility's
 customers have received electricity bills that are nearly triple what they
were last year.

 Electricity rates for the state's other utilities haven't been deregulated
yet, so their
 customers are receiving fixed prices per kilowatt-hour of power used.

 Prospects for passage of the bill, AB 2290, are unclear in the Assembly.
The California
 State Senate passed the bill unanimously last week. But it would need 54
votes to pass
 through the 80-member Assembly before Gov. Gray Davis could consider
signing it into
 law.

 If all 47 Democrats approve the measure, it would need at least seven
Republican votes
 to pass. But, as reported Tuesday, only three Republican lawmakers said
they would
 support the bill.

 The rollback would provide some economic relief to SDG&E's 1.1 million
customers,
 who have been paying market-based rates for electricity since June. If the
rollback is
 approved, utility bills for residential customers would be about $55 to $60
a month,
 according to SDG&E.

 Steve Maviglio, press secretary to Davis, said the governor hasn't decided
whether he
 would sign the bill into law if approved.

 Monday, the state's Public Utilities Commission rejected a proposal to roll
back rates,
 instead approving a stabilization rate plan that would reduce the cost of
electricity to
 about $68 a month for residential customers who conserve usage.

 -By Mark Golden, Dow Jones Newswires; 201-938-4604;
mark.golden@dowjones.com
 Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.

 <<Gunther Pergher (E-mail).vcf>>
 - Gunther Pergher (E-mail).vcf