Sean - is this anything we need to follow up on?
----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:26 PM -----

	Sherri Sera
	02/28/2001 01:58 PM

		 To: Mark Frevert/NA/Enron, Steven J Kean/NA/Enron@Enron
		 cc: Nicki Daw/NA/Enron, Maureen McVicker/NA/Enron@Enron
		 Subject: Nigeria Contract support

Mark and Steve, sorry to bother you with this, but I'm at a loss.  This guy
(Jim Cofield) called me on my cell phone last night about 7:00 p.m. to get my
e-mail address.  He asked that I take a look at his e-mail in the morning and
route it to the appropriate person within Enron.

The ".jpg" files below have no information in them, but the ".doc" file is a
14 page document with numerous correspondence from Mary Beth Cahill, former
director in the White House Office for Public Liaison, to Mr. Cofield
regarding a trip to Nigeria that he supposedly accompanied President Clinton
on several months ago; followed by a number of "proprietary information
documents" that mean absolutely nothing to me; followed by an overview of
Nigeria's electrical power situation; etc....The best I can tell, they are
trying to get Enron to bid on some project in Nigeria.

Since this e-mail is copied to the Vice President of the United States in
addition to several ambassadors, I thought it might need attention.  If you
can figure it out, please let me know how to proceed.  Thanks, SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 02/28/2001
01:44 PM ---------------------------

"Jim Cofield" <jcofield@home.com> on 02/27/2001 07:06:11 PM
To: "Sherri Sera" <sherri.sera@enron.com>
cc: "Richard Cheney" <vice.president@whitehouse.gov>, "Ambassador Dele Cole"
<bedeos2000@yahoo.com>, "Ambassador Jibril Aminu" <bedeos2000@yahoo.com>,
"Ambassador Li Zhaoxing" <webmaster@china-embassy.org>

Subject: Nigeria Contract support

[IMAGE]

?

?

Jim E. Cofield

World Headquarters

Cofield Building

1016-22nd Street, Suite 200-500

Newport News, VA 23607-5316???????

Telephone? 757 223-0843

Fax: 757 223-0844

jcofield@home.com (email)

WebSite: http://cofield.my.treeway.com

"Making the World a Safer Place"

It is always an Honor to Serve and Support

?

?
 - image001.jpg
 - image002.jpg
 - image001.jpg
 - image002.jpg
 - Nigeria-Best8.doc


Attached is the form of assignment (for future reference).

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/08/2001 06:23 PM -----

	"Meytina, Anna Confidential Memo-Counsel (Exchange)" <ameytina@bear.com>
	02/22/2001 03:11 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: Assumption and Assignment Agreement

Sara:

Attached please find a copy of the assumtion and assignment agreement for
your review and comment.  I also attach the revised guarantee marked to show
changes from our prior version . After you have had an opportunity to review
these documents, please let me know how you would like to proceed.

Regards,

Anna

 <<ASSIGN.doc>>  <<BS FINAL1MARKED.doc>>

> -----Original Message-----
> From: Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> Sent: Wednesday, February 21, 2001 5:08 PM
> To: ameytina@bear.com
> Subject: Securities Loan Agreement
>
> Anna:
>
> I just received your voice mail.  The package (including the Enron Corp.
> guaranty) has already gone out via Federal Express to your attention.  You
> should receive it tomorrow.
>
> Also, Enron North America Corp. would like to assign the agreement to
> Enron
> Credit Inc. (a Delaware corporation).   Would you like for me to prepare
> the assignment or shall I?  Please advise.  Thanks.
>
> Sara Shackleton
> Enron North America Corp.
> 1400 Smith Street, EB 3801a
> Houston, Texas  77002
> 713-853-5620 (phone)
> 713-646-3490 (fax)
> sara.shackleton@enron.com

 - ASSIGN.doc
 - BS FINAL1MARKED.doc
***********************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************


<<Loan and Security Agreement>> Your message

  To:      Piasio, Stephen
  Subject: Loan and Security Agreement
  Sent:    Tue, 25 Jan 2000 10:20:22 -0500

was delivered to the following recipient(s):

Piasio, Stephen on Tue, 25 Jan 2000 09:24:02 -0500
    MSEXCH:MSExchangeMTA:NAM:EXCHNY18

-----
Message-ID: <86256871.0054544C.00@notes.ect.enron.com>
From: Sara Shackleton <sshackl@ect.enron.com>
To: "Piasio, Stephen" <sp42054@imcnam.ssmb.com>
Subject: Loan and Security Agreement
Date: Tue, 25 Jan 2000 10:20:22 -0500
X-Mailer: Internet Mail Service (5.5.2650.21)
X-MS-Embedded-Report:


Martin,

Thanks.

Vince

From: Martin Lin on 03/22/2001 04:46 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Summer internship

I did not find anybody in EBS who seems to know or be involved in any
e-procurement issues.  In Enron Corp, however, there is an initiative called
iBuyIt.  This is a system that Corp is deploying for e-procurement through
Corp and ENA, and will get to EBS sometime late this year.

John Gillespie is in charge of the iBuyIt initiative.  Perhaps he is the
appropriate contact.  I left a voice mail with him, but have not yet received
a response.

Martin

Vince J Kaminski
03/22/2001 07:17 AM
To: Martin Lin/HOU/ECT@ECT
cc:
Subject: Summer internship

Martin,

Please, take a look at Question 3.
Who is the right person at EBS?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/22/2001
07:16 AM ---------------------------

Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/15/2001 01:12:32 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Summer internship

Dr. Kaminski,

Sorry for the late response,
it took me some time to coordinate things.
Finally, it's almost dont :-)
It turned out that from June to August
will be best for me for work at ENRON
(Say June.4 to August.4)

But I still need to know several things from your side.
Could you answer following questions?

First:
Is my suggested working period is OK with you?
If so, let me know what to do for settlement
during the period.

Second:
I got a list of work, I might be able to do for
DealBench team from Ross and Suresh.
I'd like to know it is still a valid work list:
The list he sent is as following:

> 1.  Write a paper in layman's terms that answers
> questions like the following:
> Benefits of auctioning online for both buyers and
> sellers, particularly in reverse auctions
> Explanation how multi-variable auctions are not
> as efficient as price-only auctions (is this true?)
> How many participants are recommended for a
> successful live auction
> What types of goods and services are best suited
> for live auctions versus sealed bid quotes
> Opinions on lotting strategies
> Trends in online private auctions

> 2.  Identify appropriate recent auction research (3
> or 4 papers out of the 90+ you provided)and obtain approvals from the
> authors to post on our site

> 3. Create a list/bibiliography of relevant auction
> literature (with hyperlinks?)

> 4.  Would you be willing to offer auction consulting
> services to our customers (if they are interested)

Third:
There is an e-procurement forum at Haas School of business,
in May 22. The chair of the forum is my advisor Prof. Arie Segev.
A person from Wells Fargo Bank will talk about Wells Fargo's role
in e-marketplace payment initiative,
where ENRON broadband services is also one of key players
along with Citibank.
He asked me whether you can contact a person at
ENRON broadband services, who's related to the initiative.
He wants to know whether we will have a speaker from ENRON
to see ENRON's perspective, in the Forum.

Here is a link to news related to the initiative,

http://www.internetweek.com/story/INW20000808S0001

Fourth:
My advisor wants to know whether
there could be any opportunity to do a case study,
regarding ENRON's business.
He is interested in e-procurement and e-marketplaces.
Business model and System architecture...

Thanks for reading this long email.
I'll look forward to your answer..
I am sorry for giving you so much burden
to answer those questions possibly not easy to answer.

Warm regards,
Jinbaek

-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek

Go Bears!

      :"'._..---.._.'";       `.             .'       .'           `.
     :      a   a      :                 __....._
     :     _.-0-._     :---'""'"-....--'"        '.
      :  .'   :   `.  :                          `,`.
       `.: '--'--' :.'                             ; ;
        : `._`-'_.'                                ;.'
        `.   '"'                                   ;
         `.               '                        ;
          `.     `        :           `            ;
           .`.    ;       ;           :           ;
         .'    `-.'      ;            :          ;`.
     __.'      .'      .'              :        ;   `.
   .'      __.'      .'`--..__      _._.'      ;      ;
   `......'        .'         `'""'`.'        ;......-'
         `.......-'                 `........'

On Mon, 5 Mar 2001 Vince.J.Kaminski@enron.com wrote:

>
> Jinbaek,
>
> This is fine though you are welcome to spend more
> time with us this summer.
>
> Vince
>
>
>
>
>
> Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/04/2001 03:45:40 PM
>
> To:   Vince.J.Kaminski@enron.com
> cc:
> Subject:  Re: Summer internship
>
>
> Dr. Kaminski,
>
> Thanks for your answer.
> Before I tell you the time frame,
> I'll need to talk with my advisor, first.
> Because here is an on-going-project.
> I need to coordinate the schedule.
>
> I'll appreciate it if you understand my situation,
> and give me some time (less than a week, of course).
>
> For your reference,
> probably
> the dates I'd like to ask you will be
> from mid-May to mid-July (2 months)
>
> Warm regards,
> Jinbaek
>
> -----------------------------------------------------------------------
> Jinbaek Kim
> Ph.D Candidate
> Dept. of Industrial Engineering and Operations Research
> U.C.Berkeley
> http://www.ieor.berkeley.edu/~jinbaek
>
> Go Bears!
>
>       :"'._..---.._.'";       `.             .'       .'           `.
>      :      a   a      :                 __....._
>      :     _.-0-._     :---'""'"-....--'"        '.
>       :  .'   :   `.  :                          `,`.
>        `.: '--'--' :.'                             ; ;
>         : `._`-'_.'                                ;.'
>         `.   '"'                                   ;
>          `.               '                        ;
>           `.     `        :           `            ;
>            .`.    ;       ;           :           ;
>          .'    `-.'      ;            :          ;`.
>      __.'      .'      .'              :        ;   `.
>    .'      __.'      .'`--..__      _._.'      ;      ;
>    `......'        .'         `'""'`.'        ;......-'
>          `.......-'                 `........'
>
>
> On Fri, 2 Mar 2001 Vince.J.Kaminski@enron.com wrote:
>
> >
> > Jinbaek,
> >
> > You can coordinate the details with me.
> > Let me know what the time frame is for you
> > and we shall send you an appropriate offer.
> >
> > Vince
> >
> >
> >
> >
> >
> > Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/02/2001 04:43:06 PM
> >
> > To:   Vince.J.Kaminski@enron.com
> > cc:
> > Subject:  Re: Summer internship
> >
> >
> > Dr. Kaminski,
> >
> > Thank you very much.
> > Of course, I'll be happy to have an opportunity
> > to work at such a wonderful company.
> > I was contacting with Surech Raghavan at Deal Bench team,
> > and was going to express my appreciation to you again
> > after settling down process with them.
> >
> > For the period of working,
> > I still need to coordinate with my advisor and
> > may need to adjust according to that.
> > but anyway, I'll try to coordinate smoothly.
> >
> > Please let me know whether I should keep contacting
> > with Deal Bench team,
> > for working period and
> > for misc. living support such as finding a place, rent a car, etc.
> >
> > I appreciate you so much again,
> > for arranging such meetings and giving me an opportunity.
> > All this opportunity will not be available to me,
> > without your kind help.
> >
> > Warm Regards,
> > Jinbaek
> >
> > -----------------------------------------------------------------------
> > Jinbaek Kim
> > Ph.D Candidate
> > Dept. of Industrial Engineering and Operations Research
> > U.C.Berkeley
> > http://www.ieor.berkeley.edu/~jinbaek
> >
> > Go Bears!
> >
> >       :"'._..---.._.'";       `.             .'       .'           `.
> >      :      a   a      :                 __....._
> >      :     _.-0-._     :---'""'"-....--'"        '.
> >       :  .'   :   `.  :                          `,`.
> >        `.: '--'--' :.'                             ; ;
> >         : `._`-'_.'                                ;.'
> >         `.   '"'                                   ;
> >          `.               '                        ;
> >           `.     `        :           `            ;
> >            .`.    ;       ;           :           ;
> >          .'    `-.'      ;            :          ;`.
> >      __.'      .'      .'              :        ;   `.
> >    .'      __.'      .'`--..__      _._.'      ;      ;
> >    `......'        .'         `'""'`.'        ;......-'
> >          `.......-'                 `........'
> >
> >
> > On Fri, 2 Mar 2001 Vince.J.Kaminski@enron.com wrote:
> >
> > > Hello,
> > >
> > > Sorry for a delay in getting back to you.
> > > We would like very much to offer you a summer internship.
> > >
> > > Please, let me know if you are interested.
> > >
> > > Vince Kaminski
> > >
> > >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>


Chris--Attached are CES's daily volume requirements for 3/13, 3/14, and 3/15.
Please call me if you have questions, etc.

Thanks.

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

 - 03-13-00 Daily VolsAM.xls


B,

Haven't heard anything from Cinergy.  Did your dad get my email ? (I sent a
second one).  I will forward it to you if he didn't.

I will call you tonight.

     --CBCIII


Dear Power Outage Database Customer,

Attached you will find an excel document. The outage contained within is
a
rescheduled outage. Your daily delivery will still contain this
outage.

In addition to the excel document, there is a dbf file that is formatted
like your
daily delivery you receive nightly. This will enable you to
load the data into your regular database. Any questions please let me
know. Thanks.

Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com

THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND
CONFIDENTIAL
INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR
ENTITY NAMED ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION,
DISTRIBUTION, OR
COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY
PROHIBITED. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.

 - 111601R.xls
 - OUTAGE.dbf


I spoke with Steve Kessler this morning.  He told me that he agreed with
Carol to net commodity transactions (which was actually more than he wanted
to agree to!).  However, DB does not have the systems to net within other
product groups.  Sara


Darrell called and informed us that there is a turbine down at the Fullerton Plant POI 36511.  For the Gas Day of 10/17 we will need to  confirm down the location to 18,000 dth.  Darrell is changing the capacity for the Gas Day of the 18th through the weekend. We have contacted the operator and we are expecting a call back to instruct us for Gas Day 10/17 confirmations. We need ensure that the gas remains confirmed down through the ID2 cycle.

If you have any questions please contact either Cara (5-2871) or Chris (3-4826)

Thanks.


Station                               Tank #                    Tank
Size             Avg Daily Throughput

Driver                                         56002
66,000                     3,600

Garden City                              56003
30,000                     533

Wildfire                                      1524
10,000                     1,000

Windham                                  1445
10,000                     2,500

Mungalo                      1516
15,000                     2,000

Foster
787                            37,500                      3,000

Foster
790                            37,500                      3,000


Still under our Scheduled Maintenance Outage, Calpine will run the plant
Baseload testing the A unit using an estimated volume of 88,000 MMbtu/day.
Unit C will go off at Midnight Saturday. The estimate for Sunday and Monday
will be around 65,000 MMbtu/day. Please call if you have any questions.
Thanks.

 <<CALPINE DAILY GAS NOMINATION 1.doc>>

 - CALPINE DAILY GAS NOMINATION 1.doc


Notice No. 00-351
October 10, 2000

TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE for October 2000 only

Effective Date: Wednesday, October 11, 2000 (close of business)

Futures Contract:     Platinum

Contract Months:    October 2000

Rate Change:

NYMEX Division Margins on Platinum Futures Contracts

Effective Date:  October 11, 2000

Clearing Member (Maintenance Margin)     Old:  $1,600     New:  $3,600

Member Customer (Initial Margin)              Old:  $1,760     New:  $3,960

Non-Member Customer (Initial Margin)      Old:  $2,160     New:  $4,860

Should you have any questions regarding these changes, please contact Artie
McCoy at (212) 299-2928, Bill Doherty at (212) 299-2925, or Joe Sanguedolce
at (212) 299-2855.  This notice supersedes all previous notices regarding
outright margins for the NYMEX Platinum Futures Contract.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=document reference"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


In order to provide better oversight and control of ENA legal expenditures
on large transactions, please continue to follow the procedures set forth
below for transactions where outside legal fees and expenses are expected to
exceed $25,000.00.  The purpose of these procedures is to (i) improve
communication with counsel (inside and outside) on issues, fees and services
and (ii) send price signals on legal costs (with respect to specific
transactions) on a timely basis to the business units.  Every effort should
be made to continue to provide high quality legal work that has become
standard at ENA.

 1.  A written estimate of proposed fees and expenses and a written
description of the services shall be provided by our outside counsel.  The
responsible business unit and the General Counsel shall review and approve
such written estimate before our outside counsel is directed to provide
substantial professional services.

 2.  Our outside counsel shall be instructed to promptly submit a revised
written estimate if such outside counsel determines that legal fees and
expenses for such transaction will exceed the previous written estimate by
$25,000.00.  Such revised written estimate shall be reviewed and approved by
the responsible business unit and the General Counsel or his/her designee
before our outside counsel is directed to provide substantial additional
professional services.

 3.  In order to accurately track such expenses so that the expenses can be
properly allocated to the various business units, a work order number should
be obtained for each transaction.

 Thank you for your cooperation.  If you have any questions or any other
suggestions for controlling expenses, please call me at extension 36544.


you too

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, February 01, 2002 12:01 PM
To:	Rybarski, Amanda
Subject:

well since we cant i think im going to take off, have a good weekend


Louise,

Thanks. His E-mail address is ekrapels@esaibos.com. The company

coordinates are as follows:

ESAI
301 Edgewater Place, Suite 108
Wakefield, MA 01880
(781) 245-2036
(781) 245-8706

Vince

Louise Kitchen
02/11/2000 05:13 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Ed Krapels

Absolutely - I can't find the previous email but it may have been lost during
the few days they moved my email box from London to Houston - I know I had a
lot of lost emails - do you have his phone number and email and we can sort
out a password for a few days for him too.

Louise

Vince J Kaminski
10/02/2000 22:15
To: Louise Kitchen/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Ed Krapels

Louise,

Some time ago I sent you a message regarding Ed Krapels. He is writing a book
on energy
commodity markets and would like to learn more about EOL.

Can you give him a  call and chat with him for 10 minutes. He is a good
friend of Enron and
it would be free ad for us.

Vince


U.S. Soccer Fans,
We've added lots of new features to ussoccerfan.com as part of our
recent redesign of the U.S. Soccer online community. In order to take
advantage of these new offerings, please visit
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registration form.

Here is an overview of some of the exciting new features:
* Wallpaper - Decorate your desktop with images from U.S. Soccer events.
Show off the pride you have in your National Teams.
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National Teams to their friends and family.
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exclusive opportunities to buy tickets for select matches before they go
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* Center Circle - Center Circle is U.S. Soccer's brand new monthly
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As a member, you'll have access to more information on your favorite
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Since Sharron Westbrook has been the person providing notices regarding our EES/EWS Thursday meetings, I have forwarded this suggested language to her to use in notifiying all attendees of our planned changes for the meeting.  You and I discussed resuming the meetings during the first week in September  - I have indicated that we will resume the meetings during the second week.  Beth Apollo has had a house under construction since her return from London and should be moving in on September 1st.  She plans to take off that week to get moved in and settled, and to start her 2 year-old into her new school.  We could try to patch Beth in by phone that week, but I think we would be better off having her here.  So I made an "executive" decision to resume the next week, on September 13.  That will also give me time to get with you during the first week in September, while Beth is out, to review with you the reporting tools that we will have developed for use in the meetings.  Hope that all of this is okay with you.

I have left Rick Causey and Dan Leff messages regarding the outcome of our discussions last week regarding this Thursday meeting.

Beth and I have set aside time on Thursday this week to devise appropriate tracking and reporting tools to use in the meeting.  -Sally

 -----Original Message-----
From: 	Beck, Sally
Sent:	Tuesday, August  14, 2001 9:45 AM
To:	Westbrook, Sharron
Subject:	Suggested text for message on EES meeting

The weekly EES/EWS meeting with Rick Causey, Rick Buy and Dan Leff on Thursdays from 3:00 - 4:00 pm in EB3321 is being revamped to insure that the agenda and format for the meeting are organized to maximize the benefit from these recurring meetings.  In reviewing the availability of key players over the next several weeks and to allow time to create meaningful tracking documents for critical milestones, the Thursday meetings will be cancelled from now through the first week in September.  The meeting will resume beginning Thursday, September 13 from 3:00 to 4:00 and will be held every other week from that point forward.   You will be notified prior to the resumption of these meetings in September if you need to put this on your calendar as a recurring meeting.  The list of attendees is being reviewed, with the possibility of reducing the number of attendees in an effort to utilize people's time wisely and to create an atmosphere for frank dialogue regarding progress.


Ellen,
 Attached please find a GTC confirm that I prepared for the requested deal
done by Janet Wallis.  Please call if you have any questions.  I have asked
Janet to forward to New Gulf if the GTC correctly reflects her transaction.
I will notify you if there are any changes.

----- Forwarded by Dan J Hyvl/HOU/ECT on 05/16/2001 09:44 AM -----

	Janet H Wallis/ENRON@enronXgate
	05/09/2001 03:39 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: New gulf

Please prepare an enfolio agreement.  Thanks

Please change the start date to May the 14th


Executive Summary
? Davis struggles to find Senate support for SoCal transmission deal
? Only chance of deal going through is a one-time quick vote; if deal has to
go to hearings - it will probably die
? If not transmission deal, legislators will seize assets and seek price caps
? Asset seizure would target power contracts, then power plants; as a result
the endless court battles will ensue, but this gives Davis opportunity to
continue to blame generators and marketers
? Bankruptcy for SoCal is still the most likely scenario, with the QFs or
SoCal itself likely to file if the transmission deal dies or gets amended
? Congressional democrats rally around Davis and seize opportunity to blame
the Administration

Transmission Deal and Democratic Support
As Governor Gray Davis scrambles to build support for his SoCal Ed.
transmission proposal, one thing is evident; the longer the deal is exposed
to public debate, the less likely it is to pass.  In fact, politicians have
been so leery of the deal that Davis has been unable to locate even one
sponsor to introduce the bill in the Senate.  In the eyes of many Democratic
legislators (and all Republicans) forcing SoCal Edison into bankruptcy is
looking like a better option than buying the transmission lines; that is why
the Governor's senior strategists have quietly been trying to schedule a
quick "up or down" vote on the transmission line purchase as early as next
week.  The bill is currently not scheduled to be voted on in effort to avoid
debate, however, if there is an opening within the next two weeks and Davis
feels he has enough support, it will be pushed through.  Because the SoCal
deal needs every piece in place as "negotiated" by Davis' team, the team
wants no amendments allowed on the Assembly floor and a quick vote.  If this
unlikely fast track strategy fails for Davis, the prospects for the
transmission lines purchase will deteriorate steadily (keep in mind that that
it cannot even be resubmitted to the Assembly until it has been vetted by
SoCal Edison attorneys).  According to sources, the legislature is going to
try to modify the Memorandum of Understanding between Gov. Davis and SCE.
However, the Senate leadership does not believe there will be sufficient
support to pass even a modified MOU. Burton reportedly believes that at least
6 Democrats will vote against it along with the Republicans.  The more that
bill gets picked apart in public, the uglier it looks and the more Democrats
will realize that they are all alone in supporting it.

Another problem faced by the legislatures is the deal is in favor of SoCal
and not the state.  Among other things, the state is overpaying by about $1.5
billion for the transmission lines.  Additionally, the MOU Davis has with
SoCal. Ed nearly matches, point for point, the deal Davis condemned with PG&E.

Asset Seizures
Since before the PG&E bankruptcy filing, we have maintained that asset
seizures through eminent domain would become a major pursuit for increasingly
frustrated Democrats.  Davis' legal office has thoroughly scrubbed the law on
eminent domain seizures of everything from power generating assets across
California to existing power contracts negotiated by, whom Davis's calls,
"profiteering power brokers".  Of course, everyone in the Governor's office
understands that any seizing would immediately end up in state and federal
courts, and would be a legal nightmare (there are a few minor Constitutional,
legal and interstate commerce problems). The main thing is that the seizing
would continue Davis's main approach to this problem -- management by press
conference -- and it would put the Governor and Democrats on the right side
of the issue -- punishing the capitalist leeches.  According to one senior
Democratic legislator, there is movement within Democratic members of the
state Assembly to demand that Davis agree to seize the power contracts in
return for their vote in favor of the power transmission purchase. Of course,
taking the contracts would only be setting a precedent for taking the power
plants.  The appeal of seizing the contracts is that it would allegedly put
California state officials in charge of where the power is sold and reduce
mark-ups substantially as they used the contract power authority to provide
spot-market power purchases before peak emergency conditions drive the price
through the roof.

Price Caps
One strong indication as to whether or not summer price caps will occur
depends powerfully on decisions made by the three Republican Governors from
Colorado, Alaska and Wyoming. These three were the key players during the
Portland Western Governor's Conference last January and, according to senior
White House officials, it took the personal and prolonged intervention of
President Bush himself to peel these three away from an otherwise unanimous
call for price caps from the governors. "If they had signed that price cap
appeal," the administration source said, "we would already have price caps.
So if they start to make it clear something has changed, we will have to
listen."  Sources indicate that if these Republican leaders begin to rethink
their opposition to price caps, the Bush administration will be forced to
reconsider price caps as a remedy for the West.

Cost Plus Caps -- Think of these as Republican price caps in that their first
duty is to make sure private companies make money and have incentives to
provide power into the affected grid. Just to give some idea of magnitudes in
a cost plus deal, current discussions would put a cap on power costs at
something like $250 per kilowatt hour. That is a long way down from the
August futures contract that is pricing in $750 per kilowatt hour, but a long
way above last August's $150/kwhr price and a particularly long way above the
cost of generating this power, which is something like $25-30/kwh.

Market-Price Exceptions -- The option allows the Bush administration to have
political credit for imposing price caps. As we write, FERC is currently ,in
the process of considering permit renewals for five companies generating
power in California (Duke, Dynegy, AES, Reliant and Williams).  The permit
grants a further three-year waiver that allows them to sell power into
California in the existing "whatever price the market will bear".  In other
words, FERC could simply not grant these companies the right to sell energy
at the market price, perhaps by changing a definition of controlling market
share, and then power to control prices would revert back to FERC.

Technically, in granting the extension of these permits, FERC has to
establish a formal finding that the five power companies do not wield "market
power" -- that means they cannot affect the price of energy by withholding
power at crucial times. Of course, FERC has just found on three different
rulings in the last four months that the companies wield exactly that kind of
ability over market prices and has ordered minor rebates to adjust for the
subsequent price spikes. But that would mean FERC would have to want to wield
effective power over price capping in California and they have shown no
desire on that front. The escape clause for FERC simply to renew the waivers
is that they are routinely renewed unless the company applying for waivers
controls more than 20% of an electricity market and none of these companies
come close.

In other words, the waivers option lets FERC escape if the Bush
administration and FERC commissioners really want to escape. Once again, that
decision may be more in the hands of the three Republican Governors than
anywhere else in the country. But you can be certain that in the past few
days Administration officials have become fully aware of the potential
political liabilities of doing nothing except advocating more nuclear and
coal power plants.

Democrats Seize Opportunity to blame Bush
Senior political leaders now think the total energy bill for the year could
come in as high as $60 billion, which would destroy state finances for a
decade.  Add to that the constant drumbeat of numbers that voters hear
everyday about their own direct out-of-pocket electricity costs (they paid $7
billion for electricity in 1999, $27 billion in 2000 and are expected to pay
$70 billion this year -- ten times the rate two years ago. Then, of course,
they open bills with massive rate increases that bring all those incredible
numbers home in a very direct way, and, well, who can blame the Democrats for
saying there is a simple solution, but the White House won't allow it.

National level Democrats realize California,s power crisis is a prime
opportunity to chastise the Bush administration and its free-market advocate,
FERC Chairman Hebert, over their resistance to summer price caps.  As
California,s leaders calculate this year's taxpayer energy bill at
potentially $60 billion, a rogue's gallery of Democratic congressional
leaders are currently meeting with Governor Davis and coordinating efforts to
fan out across the eight western states of the power grid with a singular
message: "the solution to all western voters electricity problems lies right
in Washington DC, at FERC headquarters controlled by Bush Administration
appointees."  And as the political dialogue takes on a more aggressive
national tone and its possible impact on control over the US Congress comes
more into focus, the solutions articulated by California's Democrats who
sense they have Republicans on the run in the West become less and less "free
market" focused.  The two strains of the Democratic solution that are
becoming an unavoidable part of the energy picture are asset seizures and
price caps.


State Roundup: December 2, 1999 ?

	Thoroughly Modern Privacy Problems

?????Even before the federal Financial Services Modernization Act was signed
into law, some state regulators could see signs of trouble. Unsure that the
bill would provide adequate privacy protections for financial records, states
began hashing out the issue, investigating consumer privacy and launching
committees dedicated to exploring options. Those efforts have proven
fruitful. With privacy advocates lamenting the final results in S. 900, the
pressure is seeping into the states to protect personal information. However,
there are precious few that foreshadowed the federal government's game of
catch to the states on the issue of privacy. Now, privacy advocates are
bombarding state capitals, urging them to take action that the federal
government didn't.
?????What didn't happen at the federal level was an opt-in policy for sharing
of consumer information. The legislation, which provided a legal framework
for financial services megamergers, permits banks to share their customers'
information with other businesses, such as brokerages, insurance firms and
telemarketers. To reveal customers' personally-identifiable information with
outside partners, the financial institutions must provide consumers the
opportunity to "opt-out" of the sharing arrangement. This means that bank
customers would need to notify a bank that they are against the disclosure of
their personal information; if they don't alert the bank, their information
would automatically be up for grabs. An amendment, introduced by Sen. Paul
Sarbanes, D-MD, secures the right of states to pass stricter
information-sharing regulations. While privacy advocates are satiated by the
provision, they would have preferred language that required consumers to
opt-in to all information-sharing practices. Now, they hope to see that type
of policy enacted in the states.
	Building A Framework

?????There are a handful of states that already had begun work in the privacy
arena. One is Minnesota, which catapulted itself into the national privacy
spotlight in June when Attorney General Mike Hatch launched an investigation
and lawsuit against U.S. Bank for giving out personal financial information
to a telemarketing company. The telemarketers, after calling customers and
inquiring whether they wanted additional information about bank services,
charged the customers for the services. Hatch alleged that the bank released
the information for $4 million plus commissions, some of which he said were
gained by disclosing deceptive information. Under the settlement, the bank
donated over $2 million to charities around the state and agreed to make
refunds to Minnesota customers who were victims of the scheme. It also
enacted an opt-out policy, among other penalties. Minnesota was one of the
most outspoken opponents of the federal legislation, saying that it "was even
weaker than the settlement we got," according to Hatch's press secretary,
Leslie Sandburg.
?????Consumers Union's David Butler called Minnesota "as proactive as any
state at this point" for their prosecution of U.S. Bank, but added that "this
is still a relatively new debate at the state level."
?????Some observers anticipate that with the passage of the federal "bank
bill," states may become more alert to the issues at hand. "This will force
states to look directly at the issue," said Brett Hester, the National
Governors' Association's economic development policy analyst. John Ryan, of
the Conference of State Bank Supervisors, agreed. "It's a hot issue, an
easily political issue," he said. "You have elected officials who may want to
make an issue out of this." Minnesota, taking advantage of the Sarbanes
amendment, will introduce legislation next session to the tune of protecting
consumer privacy.
?????Also at the fore is Massachusetts' Lieutenant Gov. Jane Swift, R, and
Gov. Paul Cellucci. In a recent speech, Swift railed against the federal
legislation, saying that both Congress and the administration missed out on a
historic opportunity to ensure privacy protections. "Now that the federal
government has determined that states should decide some privacy issues for
their citizens," Swift said, "we in Massachusetts are pleased to be at the
forefront of this crucial national debate." At the crux of the
administration's plan is the establishment of an opt-in system that requires
businesses to seek consumers' consent before they sell or share information.
"Governor Cellucci and I don,t think that this is too much to ask," she
added.
?????The legislation's initiative grew out of a quality-of-life commission
established by the governor. The group determined that privacy was one of the
hottest issues, and from that grew the omnibus legislation that has been sent
to five different legislative hearings and two public hearings, explained
John Ziemba, deputy general counsel and deputy director of the Office of
Consumer Affairs. Most committees are still looking at the legislation, and
will wrap-up their investigations next year, as the Massachusetts legislature
completes its two-year term.
?????While Massachusetts remains one of the few states specifically targeting
financial privacy, a host of others are joining the bandwagon in the hopes of
ensuring consumer protection in other high-tech areas. New York Attorney
General Eliot Spitzer joined the group of state attorneys general upset with
the weak protections in the federal bank bill, but it wasn't the first time
he had entered the arena. He had ushered through a spam bill * allowing
consumers the right to opt-out of receiving unsolicited, bulk e-mail * and a
bill that would prohibit Web site owners from tracking consumer information
unless users consented to the actions, said spokeswoman Christine Pritchard.
Now the focus has turned to reforming the Fair Credit Reporting Act, which,
among other things, would provide consumers the right to receive one free
credit report each year to determine its accuracy. And Spitzer also has
promoted a bill on identity theft, declaring that if a consumer's identity
has been stolen to obtain anything of value, the customer, and not just the
credit card company, is deemed a victim and can seek reimbursement.
	Honing In On The Hot Topics

?????Identity theft, perhaps because of the personal stories that result from
it, is one of the hotter privacy issues in the states, and Arizona is working
on a law making it a crime to steal a personal password. Rep. Jeff
Hatch-Miller, R, who chairs the state's Internet study commission, said that
legislators are just beginning to understand the new level of concern being
raised by citizens with respect to their right to privacy. The group has
established a subcommittee looking into additional privacy legislation that
may be needed with the understanding that the rules must seek a balance
between protecting consumers and businesses alike.
?????"Arizona is a fairly conservative state," Hatch-Miller said. "We're
friendly to business here. To the extent possible, I think we'll promote
private solutions, as we do prefer them to government solutions."
?????Hatch-Miller added that one of the newest areas of concern is
information from customer convenience cards, such as those given out by
grocery stores to determine sale prices, being sold to outside marketers.
California already has seen legislation introduced that would bar the sale of
that information, and its legislature's Joint Task Force on Personal
Information and Privacy continues to look at that, as well as all issues
surrounding privacy. Sen. Jackie Speier, D-San Francisco/San Mateo, is
expected to soon drop a bill complementing the Financial Services
Modernization Act that would prohibit the sharing of personal information
among affiliate companies in different sectors. Although because of the
strong banking lobby and the political difficulties surrounding the issue,
staffers say they still don't know what form the bill will take.
?????That seems to be a familiar refrain in such discussions, as many elected
officials grapple with the growing number of privacy concerns that
technological advances have ushered in. Many legislators looking to the
federal government for guidance on the matter have been thrown an unexpected
duty with the results in the financial services act, but observers say they
will take the ball and run with it. "I think what will happen is you'll see
legislation in areas where there may be problems," predicted Neal Osten,
director of the commerce and communications committee for the National
Conference of State Legislatures. *by Stephanie Lash


I would be very interested in finding out more about the Deal Control
position and what it entails. Coming from a background in print journalism
leaves me somewhat at a loss for practical experience; however, I make up for
skills in my ability to learn quickly and work aggresively. I'll come by
sometime today to talk further about this opportunity. Thanks for the notice.

Kate


Sounds like a good idea to me

----Original Message-----
   >From:      Eric Thode/Corp/Enron
   >To:          Mark Frevert/NA/Enron@Enron,Greg Whalley/HOU/ECT@ECT,Mark
Palmer/Corp/Enron@ENRON,Karen Denne/Corp/Enron@ENRON
   >Cc:
   >Bcc:
   >Subj:      Texas eComm Ten Awards
   >Sent:     Tuesday, December 12, 2000 3:18 PM
   >
   >The Texas eCommerce Association, in partnership with the The Texas
Business Journals and BusinessWeek, plan to recognize and honor Texas' ten
most innovative and influential eCommerce leaders.  Nominations are due by
February 2, 2001 and the recipients will be announced at a banquet on March
24, 2001.
   >
   >I believe it would be appropriate to nominate Louise Kitchen for her work
with EnronOnline.  If you are in agreement, please advise, so I can begin the
process of completing the application.  The application consists of a
250-word abstract describing the nominee's direct contribution to the
eCommerce industry in Texas, along with the nominee's contact information and
a 100-word biography.
   >
   >If you have any questions, please call me at ext. 3-9053.


--

California Power-Price Boost Not Needed, Agency Says (Update1)
By Daniel Taub

Sacramento, California, July 13 (Bloomberg) -- California regulators won't
need to raise electricity prices for consumers to cover a planned $13.4
billion bond sale, said a spokesman for the agency that buys power on behalf
of the state's utilities.

The California Department of Water Resources, which has spent more than $7.7
billion on power this year, is expected to recommend a rate increase of as
much as 25 percent, Dow Jones reported today, citing three unnamed members of
the state's Public Utilities Commission. Oscar Hidalgo, a spokesman for the
agency, said no rate increase is expected.

``Our folks are stunned by this revelation because it is nowhere near what
our numbers show,'' Hidalgo said. ``In fact our numbers show that there is no
need for any increase beyond what's already been done.''

The Department of Water Resources will submit a report to the California
Public Utilities Commission today or Monday with the state's revenue
requirements for repaying a planned $13.4 billion bond sale, Hidalgo said.
The bonds are to be repaid by customers of utilities owned by PG&E Corp.,
Edison International and Sempra Energy.

The bond sales, the largest municipal offering in U.S. history, are scheduled
to begin in September. Governor Gray Davis has said repeatedly that he
believes the bonds can be repaid without further rate increases. His position
hasn't changed, spokesman Steve Maviglio said today.

Previous Increases

In March, the PUC voted to boost rates by 3 cents a kilowatt- hour at the
state's two largest utilities. Rates at PG&E's Pacific Gas & Electric, the
largest California utility, would rise by as much as 36 percent and Southern
California Edison rates would rise by as much as 27 percent, the PUC said at
the time.

The average consumer-price increase would be 30 percent, the PUC said. The
increase, the second this year, was intended to help the state pay for power
purchases. The PUC voted in January to raise rates about 10 percent.

California Treasurer Philip Angelides has said that the bonds will let the
state cushion the immediate rate impact on residents and businesses by
spreading power costs over time. The debt will be repaid over 15 years.

Investors have said they can't predict how the bonds will be received without
knowing how much cushion is built into the revenue pledge backing the debt.

Legislation that paved the way for the bonds allows the state to raise
electricity rates as needed to cover debt repayment. That pledge, typical for
revenue bonds, usually entails a promise to raise a specific level of money
annually to cover interest and principal payments on the debt and provide an
added cushion.

That formula, known as a debt service coverage ratio, must result in
investment-grade ratings for California's power bonds, according to the
legislation. Investors want assurance that an issuer will raise rates to
maintain the promised cushion, even if increases aren't needed at the time of
the bond sale.


Please see the attached for Clean Fuels' feedback/status on the ETS objective
regarding the divestiture of Enron's Clean Fuels business.


FYI
---------------------- Forwarded by William S Bradford/HOU/ECT on 02/09/2000
07:31 AM ---------------------------

Michael R Brown
02/09/2000 03:23 AM
To: Ted Murphy/HOU/ECT@ECT
cc: Steve W Young/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, William S
Bradford/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT
Subject: Re: Credit Trading brought to you by Bryan Seyfried

I am happy that the legal issues have been addressed and discussed with Bryan
and John and I will sign off on the approval .
Michael

	From:  Ted Murphy                           08/02/2000 22:16

To: Steve W Young/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Michael R
Brown/LON/ECT@ECT, William S Bradford/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT,
Vince J Kaminski/HOU/ECT@ECT
cc: Rick Buy

Subject: Credit Trading brought to you by Bryan Seyfried

My understanding is that Bryan will be in Houston to present his strategy
regarding credit trading for approval under an interim trading policy -
signed off by Jeff and Rick.  Before making any recommendation to Jeff, Rick
wants to be sure that the people on the list above are comfortable with the
activity and will be willing to signoff on the approval.  Given that Bryan
will be physically here, I am requesting that you E-mail your concurrence to
me no later than tommorrow.  Otherwise RAC will not present to Jeff for
approval.
Thank you for your help in puttting this together and making it a success!
Ted


yes, eric can get on the trader track.  put some numbers together for these
guys, and get back to me...Jeff

	Gary Hickerson
	02/12/2001 12:50 PM

		 To: Shanna Funkhouser/Corp/Enron@ENRON
		 cc: Jeffrey A Shankman/HOU/ECT@ECT
		 Subject: Retention Contracts

Shanna,

I have two personnel that we need to place on contract.

Ted Noble was promoted to manager at year-end.  I need to put him on a one
year contract.

Eric Scott is an analyst.  You know the story.  I need a one year contract
for him too.  Is the "Trader Track" available for Eric?

Thanks,

Gary


Join Enron and the City of Houston in welcoming the Astros to their new home
- Enron Field.  While the doors to Houston,s world-class ballpark opened to
the public Thursday, March 30 at the exhibition game against the New York
Yankees, the first official game at Enron Field will be played Friday, April
7th against the Philadelphia Phillies.  We,ll celebrate the Astros, season
home opener throughout the day.

The Wind Up: Friday, April 7 will be a casual day, so wear your finest
&Slugger Chic.8  Deck yourself in Enron Field paraphernalia ) merchandise
will be on sale from 11 AM ) 2 PM in front of the Enron Building on
Wednesday, Thursday, and Friday.

The Pitch: Sam Malone and the KRBE Morning Team will be broadcasting live in
the lobby from 6 AM - 9 AM.  Free donuts will be available, so stop by to say
hello or play some on-air trivia games.

The Swing: For your lunchtime entertainment, Duck Soup will be performing at
a special Enron Field Big E Caf, from 11 AM - 1 PM.  Hamburgers and hot dogs
will be served.  Lunch is $5 per plate.

RBI (Recycled Baseball Items) will be collecting new and used baseball and
softball equipment for donation to inner-city youth groups.  Clean out you
closets and place your donation in the RBI bin at the Big E Caf,, or
throughout the morning in the lobby.

The Homerun: Ken Lay,s vision and can-do attitude helped to make Enron Field
a reality for Houston.  His unsurpassed leadership brought local businesses
together to create the Sports Facility Partnership which provided the
necessary private funding to acquire the land where Enron Field is built.  It
is, therefore, appropriate that Ken throw out the first pitch on April 7.

Don,t miss your last chance to view the ball that Ken will use Friday night.
It will remain on display in the lobby through 2 PM Friday.  On October 3,
1999, Ken was presented with this ball as part of the Astros' closing
ceremonies at the Astrodrome.  To celebrate the opening of the ballpark and
mark a new era of Houston baseball, Ken will use this same ball for the
ceremonial first pitch at Enron Field.

The official opening day game at Enron Field will be televised on Fox Sports
Net Southwest.


Shirley,

I would like to  invite him to an interview next week. We should use his home
phone
number and/or private E-mail address.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
12:33 PM ---------------------------

"Jaesoo Lew" <pontgyn@hotmail.com> on 10/17/2000 09:59:01 PM
To: vkamins@enron.com
cc:
Subject: position

Dear Dr. Kaminski

My name is Jaesoo Lew and I am referred by Dr. Wayne Lee.

Currently I've been working at Aquila Energy in Kansas City as an pricing
analyst since July 2000.  Since then, I have developed a natural gas storage
valuation model applying the swing options (forest method) pricing approach.
The price processes would be considered critical for the storage valuation
since a trinomial forest is required to value storage. Also the c++
programming using Excel DLL has been developed, too.

I attached my resume to this message for your consideration and am looking
forward to talking about an opportunity at Enron.

My home phone number is 913-649-0578, Dr. Kaminski, I will wait your call in
this week as Dr. Lee informed me.  If possible, please let me know your
expected calling day through the mail.  I appreciate your consideration.

Thank you very much.

Sincerely,

Jaesoo Lew
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

 - vitae2.doc


Eric,

I have the presentation  on my laptop  and I
shall send you the presentation in a few days when
I get my back to my office in Houston.

I am currently using the system as a guest in our Sydney office.

The  person I mentioned is Anthony Dayao.

Vince Kaminski

Eric Takigawa <etakigawa@algorithmics.com> on 07/20/2000 12:15:09 AM
To: vkamins@enron.com
cc:
Subject: Australian Energy Risk Seminar

Dear Dr. Kaminski:

My name is Eric Takigawa of Algorithmics Japan, and I spoke with you on the
last day of the seminar.

I would be pleased to receive a copy of your presentation with the promise
of non-circulating the material.

I have been in communication with Mr. Jonath Whitehead and will be meeting
Mr. Joe Hirl in early August.  You mentioned another individual at Enron
Japan - Antonio Dai(?) but couldn't recall the proper spelling of his name
and would like the opportunity to meet with him.

There is a tremendous opportunity for Enron in Japan and the conditions are
just right.

Kind regards,

Eric


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To: Allaboutme <IMCEAEX-WORZLE+40HOTMAIL+2ECOM@mail.intel.com>,
Brains_in_Wales <samuelpj@cardiff.ac.uk>,        "Brenner@work"
<tim_brenner@mentorg.com>, Carsten <carstenr@aol.com>,        "Coop@Work"
<aaroncooper@att.com>, "Cox@work" <stevec@cadence.com>,        Elizah
<lillahmay@aol.com>, "Erik@home" <erikvd@sportsmail.com>,        "Erik@work"
<erikd@veritools.com>,        Fasching_in_paradise <m_fasching@yahoo.com>,
Fudge <jef1260@aol.com>,        Fuzzyinside <haus2@hotmail.com>,
"Gregg@the_dairy" <gregg.burke@milliman.com>,        "Hump@work"
<ajh@glumac.com>, Julie_in_London <julie.lewis@cmck.com>,        Lady
Felicity  <felicity.mackay@intel.com>,        Liptonite <postinit@aol.com>,
Lisa  <lisngu@yahoo.com>,        Little_Big_Bear
<bjorn.s.sundstrom@intel.com>,        Lynnstein
<lynn.feinstein@nike.com>,        Melicity
<melissax.marcin@intel.com>,        "Michaelstein@get-to-work"
<michael@gbd-architects.com>,        "Mr. Big"  <kevin.weldon@intel.com>,
   "Mr.Maher" <keith_maher@intel.com>, "Mrs. Maher"
<una_maher@yahoo.com>,        "Parker@home" <dparker2@uswest.net>,
Polish_Pistol <joseph.jankowski@intel.com>,        Shagwell
<worzle@hotmail.com>,        "Sheets&Paper@work" <brian.d.sheets@intel.com>,
      Stuart  <stuart@saros.co.uk>,        "Thom@expandable_pants"
<troholt@uswest.net>,        "Tom@Home" <tga@northwest.com>, "Tom@Work"
<tgregg@MAHLUM.com>,        Una  <unakim1@yahoo.com>, Vinod
<Vinod@cadence.com>
Subject: Thanksgiving
Date: Fri, 10 Nov 2000 17:22:18 -0800
X-Message-Flag: Read
Return-Receipt-To: "Mackay, Felicity" <felicity.mackay@intel.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_000_01C04B7D.D5053F60"

>
>
> Want to raise eyebrows on Thanksgiving Day?? Here's how.
> Cool trick . . . cut out aluminum foil in the desired shape; wrap up the
> turkey and roast normally . . . keeps the Thanksgiving guests guessing.
>
>
>

 - sexychick.jpg


Ava, we need Don at this meeting.  Thanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 05/30/2001 07:06 PM ---------------------------
From:	Don Powell/ENRON@enronxgate on 05/30/2001 04:12 PM
To:	Ava Garcia/ET&S/Enron@Enron, Dale Ratliff/ENRON@enronXgate, John Buchanan/ET&S/Enron@ENRON, Steven January/ET&S/Enron@ENRON, Terry Kowalke/ET&S/Enron@ENRON, Gary Spraggins/ET&S/Enron@ENRON, Darrell Schoolcraft/ET&S/Enron@ENRON, Lynn Blair/ET&S/Enron@ENRON
cc:

Subject:	RE: Morning Meeting Report Status

I have a conflict - 3 - 4:30 with IT.  Sorry.

 -----Original Message-----
From: 	Garcia, Ava
Sent:	Wednesday, May 30, 2001 2:58 PM
To:	Powell, Don; Ratliff, Dale; Buchanan, John; January, Steven; Kowalke, Terry; Spraggins, Gary; Schoolcraft, Darrell; Blair, Lynn
Subject:	Morning Meeting Report Status

Meeting for Status of the Morning Meeting Report has been scheduled for Thursday May 31st at 3:00p.m.-4:00p.m. in conference room EB42C2.

Please let me know if you will be attending.

Thanks,
Ava-35842


Old Katy Road.

"Neil Mann" <nmann@erac.com> on 04/17/2001 01:35:58 PM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Mason's birthday

I don't remember where this one is being held. If it's near StF I could
probably drop him off and pick him up. Do you know the hours?
Or, what do you think about me asking Charlotte to switch days? NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, April 17, 2001 1:15 PM
To: nmann@erac.com
Subject: RE: Mason's birthday

This is the rock gym party.  I bought presents for this and the Houstonian
party, which is next Wednesday.

Kay

"Neil Mann" <nmann@erac.com> on 04/17/2001 01:14:52 PM

Please respond to <nmann@erac.com>

To:   <Kay.Mann@enron.com>
cc:

Subject:  RE: Mason's birthday

Is this the one at the Houstonian? What are the hours? Maybe I could drop
him off and come back to pick him up? NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, April 17, 2001 11:21 AM
To: nmann@erac.com
Subject: Mason's birthday

FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/17/2001 11:20
AM ---------------------------

Kay Mann
04/17/2001 11:20 AM

To:   raisinghales@aol.com
cc:

Subject:  Mason's birthday

Yikes!  I just realized that tomorrow is Mason's birthday party.  I know
Michael would love to go.  Both my husband and I work, but I will attempt
to take off and bring him.  Thanks for the invitation.

Kay Mann


On a going forward basis, can we add the type of corporation or entity the
counterparty is into the "Corporate History" drop down in Lotus Notes (like
Delaware corporation, North Dakota non-profit electric cooperative
corporation, Texas state agency, or whatever).  It helps me and some of the
non-US lawyers with their approvals for EOL..

Thanks!


We have received the executed EEI Master Power Purchase and Sale Agreement dated 5/11/2201 from the referenced CP.  Copies will be given to legal and credit.


As promised, here are links to intro pages for the two Dell products hosted
on our local project server. These two pages represent the look and feel of
the tutorials. Please note that the links are not active as yet.

http://209.128.100.202/delltest/2500.html

http://209.128.100.202/delltest/2550.html


FYI

 -----Original Message-----
From: 	May, Kevin
Sent:	Friday, September 28, 2001 4:15 PM
To:	Leschber, Edie; Hodges, Georganne; Killen, Faith; Cockrell, Rainier; Castleman, Kent; McAshan, Letty; Myers, Thomas; Price, Brent A.; Andrews, David; Harris, Paula; Smith, Kirk; Salinas, Johnny; Stubblefield, Wade; Collier, Rob; Weitekamp, James; Geaccone, Tracy; Barnes, Caroline; Schwarzbach, Stephen; Lindsey, Mark E.; Derr, Dawn; Lane, Suzanne; Allen, Melissa; Selzer, Howard; Akhave, Billie; Donovan, Bill; Erwin, Jill; Copeland, Erin; Marlow, Keith; Pritt, Deborah; Lambert, Chris; Tran, Joanne; Sommers, Jeffrey E.; Tran, Agatha; Coates, Kim; Vargas, Hope; Voinis, Kristi; Hunter, Todd; Ruffer, Mary lynne; West, Terry
Cc:	Rub, Jenny; Waterman, Kenneth; Galvan, Michael S.; Roper, Kerry
Subject:	2002 Plan Headcount for ENW

One of the drivers for IT Infrastructure's allocation methodology is headcount.  At this time, Enron Net Works would like to verify 2002 plan headcount for your business units.  I have attached the 2002 headcount template that was completed for Corporate back in June.  Please update this template to reflect your latest 2002 headcount information.

The deadline to return this information to me is by the end of the day, Tuesday, October 2nd.  If you have any questions, please call.

Thanks,

Kevin
x52508


Rich - Dave and I were just discussing whether a period less than 12 months
would be appropriate (see language below), given that dereg. may bring some
changes we want to take advantage of.  It's basically your call:  if SPS were
to terminate our contract, how much time would we need to negotiate a
replacement?

---------------------- Forwarded by Susan Scott/ET&S/Enron on 05/10/2000
06:23 PM ---------------------------

	From:  Susan Scott                           05/10/2000 06:22 PM

To: David Foti/ET&S/Enron@ENRON
cc: Rich Jolly/ET&S/Enron@ENRON

Subject: Re: WT-1 Electric Service Agreement

What if we replace Section 2 with something like "This Agreement shall
continue in effect unless and until terminated pursuant to Section 3,"  and
replace Section 3 with "Either Party may terminate this Agreement upon
written notice to the other Party not less than twelve (12) months prior to
the intended date of termination."

Sound OK?  if so I'll add it to my draft.

David Foti
05/10/2000 06:20 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Rich Jolly/ET&S/Enron@ENRON

Subject: Re: WT-1 Electric Service Agreement

Looks like you nailed the least cost billing provision pretty good.  Just
need to abrogate our remaining term and make all agreements evergreen.

	From:  Susan Scott                           05/10/2000 05:45 PM

To: David Foti/ET&S/Enron@ENRON
cc: Rich Jolly/ET&S/Enron@ENRON

Subject: WT-1 Electric Service Agreement

P.S. -- Dave, on your wish list you had included an evergreen provision.  See
Section 2 of the original contract, which gives TW the right to extend for
another five-year term by giving notice to SPS.  If TW does not give such
notice, SPS may cancel the contract, and if it doesn't, the contract
automatically rolls over for another year.  If this is not acceptable please
let me know.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 05/10/2000
05:40 PM ---------------------------

	From:  Susan Scott                           05/10/2000 05:41 PM

To: Rich Jolly/ET&S/Enron@ENRON, David Foti/ET&S/Enron@ENRON
cc:

Subject: WT-1 Electric Service Agreement

Rich and Dave, attached are my suggested revisions to Mike McLeod's draft of
an amendment to the original electric service agreement.  Dave, I'll bring
you a copy of that agreement.  Rich, if Mike did not send you one, let me
know and I will fax it to you.

In my revisions, I've attempted to reflect the least cost billing you
described to me, using terminology I read in the tariff.  Please let me know
if it looks alright to you.  I'm available to discuss this whenever you are,
then I will make sending this to Mike top priority.  My sincerest apologies
for the delay; there has been more chaos around here than I am accustomed to
handling, and I appreciate your patience.

Susan
x30596


Daily Agenda
Thursday, May 17, 2001

Today's events...
* 11:30 a.m., SACRAMENTO   Gov. Gray Davis holds news conference to
respond to President Bush's energy plan, Capitol, room 1190. Contact:
916-445-4571.
* 2 p.m., SACRAMENTO   Assemblyman Juan Vargas discusses legislation
that would prevent utilities from disconnecting power to many senior
citizens, Capitol, room 2188. Contact: Wendy Harmon, 916-319-2079.

In the news...
* SacBee, Hardy: UC reinstitutes affirmative action.
http://www.sacbee.com/news/news/local01_20010517.html
* SacBee, Weintraub:
http://www.sacbee.com/voices/news/voices05_20010517.html
* LA Times, Tamaki: Governor's budget may have shortfall.
http://www.latimes.com/news/state/20010517/t000041479.html
* SF Chronicle, Lucas: LAO - Budget shortfall predicted.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/05/17/MN82295.DTL

In committee...
* OPEN ISSUES.  Budget Subcommittee No. 1 on Health and Human
Services.  8:00am or upon call of the Chair, room TBA.
* OPEN ISSUES.  Budget Subcommittee No. 2 on Education Finance.
8:00am or upon call of the Chair, room TBA.
* OPEN ISSUES.  Budget Subcommittee No. 3 on Resources.  8:00am or
upon call of the Chair, room TBA.
* OPEN ISSUES.  Budget Subcommittee No. 4 on State Administration.
8:00am or upon call of the Chair, room TBA.
* OPEN ISSUES.  Budget Subcommittee No. 5 on Information Technology
and Transportation.  8:00am or upon call of the Chair, room TBA.

Today on the floor...
* Assembly session at 8:30am.  (Squawk Box 89.7, Assembly TV, CH. 7)
* Senate session at 8:30am.  (Squawk Box 99.1, Senate TV, CH. 5)

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005


Start Date: 12/18/01; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121804.txt


-----Original Message-----
From: jfogg@reliantenergy.com [mailto:jfogg@reliantenergy.com]
Sent: Wednesday, November 07, 2001 8:19 AM
Subject: REGT capacity Report Wed Nov 7

For gas flow for Thursday November 8,  REGT has the following IT capacity:

CGT                                0          Capacity cuts to 250 Mdth/d
for Wed
Other Hub Delivery Points including TGT     10
Tetco Bald Knob                       40
Texas Gas Helena                      90
MRT Glendale                          20
Other Line AC points                        20
Williams Jane                         10
Carthage Delivery                     10
SBS injection space                     0
SBS withdrawal space                        50
Backhaul to west                      40

The Delhi Compressor unit is now forecasted to come back sometime on
Friday.  I will let you know of any changes.  REGT has one storage field
(Koch Bistineau) and MRT has another field done for testing.  Storage
injection space remains tight today and will be through the end of the
week.

Amber Station is flowing 330 Mdth east and Line 2 South is at 102 Mdth for
today.

Be aware that REGT is not offering any general interruptible transportation
discounts from West of Amber to east delivery points.  All IT will be
priced at max rate, unless of operational benefit to REGT.  REGT is still
full along Line AD and is approaching full levels at its Oklahoma storage
facilities.

Power plants burned around the 87 Mdth/d level and are nominated at
slightly lower levels for today.  Arkla has been burning from 250 to 300
Mdth/d and peaking over 500 Mdth.

Gas Prices     East  $2.60
          West  $2.535

Remember the lower fuel percentage for November 1.  REGT Fuel - currently
1.31% plus $0.0014/dth EPC - based on above = $0.03546/dth

I am in the office today.  You can call me at 713-207-5183 or AOL IM me at
JAFOGG for any rate quotes or questions.

Thanks

JAF


I don't have an expense account.  I guess I'll let the money sit until I
think it's safe to take it out.  Thanks for your help.

LC
39351


Sara-

Pursuant to my voicemail message of yesterday, it would be very helpful if
you would assist me in locating the Service Agreements relating to the
captioned matters.

Thanks,

John


TASK ASSIGNMENT

Status:		completed

Task Priority:		1
Task Due On:		8/15/2000
Task Start Date:	8/15/2000


Stan,

Below is a Thanksgiving note from you to all EGS US employees.  Please let me know what feedback you have.  John Ambler reviewed and approved this message.  I'd like to get this out to employees on Tuesday, Nov. 20.

Also, I'm on tap with Lou to get an ETS Salutes memo out early next week acknowledging the employees/departments who worked this week on the financing.

Look forward to hearing from you....Gina

With the Thanksgiving Holiday upon us, I want to take this opportunity to wish you and yours a safe and happy Holiday.
With the recent events in our nation, giving thanks this year has taken on a whole new meaning.  This Thanksgiving we honor the brave, enduring heroes who gave their lives and who are abroad fighting for freedom. We can be thankful for our great nation and for the world coming together.
I know here at Enron we are working through some challenging times and everyone in the organization is working hard.  Please take some time over the Holiday to enjoy your family and friends.
Happy Thanksgiving.
Stan


Kevin,

Currently, we do not have delivery points established for PJM West or Ontario.  Will these be primary points or will they be dependent upon another curve?!

Also, I just want to ensure that there have been no revisions to what you previously passed on regarding gas trading - only you and the desk heads (you, Dana, Fletch, Rogers, Harry and Doug).  I have set up gas price books already and I am in the process of setting up Gas Daily books (basis and index) for those mentioned.  Any additions/deletions/corrections?!

Thanks for the input.
Casey

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Wednesday, January  16, 2002 1:19 PM
To:	Evans, Casey; White, Stacey W.
Cc:	Davis, Mark Dana; Sturm, Fletcher J.; Carson, Mike; Gupta, Gautam; Broderick, Paul J.; Benson, Robert; King, Jeff; Gilbert-smith, Doug
Subject:	Books

Please use the next week to clean up our database of delivery locations and regions currently still in Enpower.   I would like to start the database clean with only the key hubs listed:

NEPOOL PTF
NY Zone J
NY Zone G
NY Zone A
Ontario
PJM East Hub
PJM West Hub
PJM West
Cinergy
Com-Ed
TVA
Entergy
SOCO
ERCOT South (FP)
ERCOT North (Basis)

Let's use this opportunity to clean up Enpower and start with a truly clean set of books.
Team - Am I missing anthing?

Kevin Presto
Vice President, East Power Trading
Phone:  713-853-5035
Cell:  713-854-3923
Fax:  713-646-8272


Richard

We actually need to duplicate his ENA workstation as he will be reporting at
both locations

P


When you get a chance would you redraft the CES invoice and call me?

Thanks 3-4743


Start Date: 3/5/01; HourAhead hour: 3;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030503.txt


Can I get the original of this contract?

   Kate Symes                04/09/2001 03:09 PM

To: Rhonda L Denton/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT
cc: Samuel Schott/HOU/ECT@ECT
Subject: New CTPY Request

I just heard from Samuel (thanks for your message!) that I need to send
Rhonda new counterparty information in order to get their names added to the
system. I called Rhonda, but it turns out she's out of the office for the
first part of this week, and her voice mail referred me to Melissa. (That's a
short explanation of why I'm sending this info. to all of you.)

Anyway, following is the information connected with the new counterparty name
Chris Foster has requested:

Name: Sierra Pacific Holding Company, dba Sierra Pacific Industries
Address: PO Box 496028
    Redding, CA 96049
Or: 19759 Riverside Ave.
      Anderson, CA 96007
Phone: (530) 378-8179
Fax: (530) 378-8139
Contact: Director of Energy Resources - Robert Ellery

I also have a copy of the Master Power Purchase and Sale Agreement if you'd
like me to fax that over. Just let me know how I can help. We've already
entered Chris's deal into the system with "New Counterparty," so the sooner
we can change that the better.

Thanks,
Kate


I'm checking your desk for pom-poms.

ckm

Heather Kroll@ECT
10/29/2000 06:55 PM
To: Jeffery Ader/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Scott
Healy/HOU/ECT@ECT, Stephen Plauche/Corp/Enron@Enron, Kay
Mann/Corp/Enron@Enron, sfischer@murthalaw.com, pmccary@mcrp.com, Daniel
Allegretti/NA/Enron@Enron
cc:

Subject: Draft DPCU Filing

To all:

Attached below please find a draft of the CRRA Filing with the DPUC regarding
the fuel cell transaction.  There are several points that remain open that I
would like to have cleared up by Monday afternoon.  For example, is CRRA
filing alone or are we filing jointly?

I believe we've covered all the issues outlined by Sandra.  Please let me
know if we've left anything out or if we need to delete anything.

I think this is a good start to us meeting our compressed timeline.  Do not
hesitate to call me for any reason whatsoever.  The next few weeks/months are
going to be very busy, but I know we can get to the goal line.

To quote Dave Delainey, "Go, go, go."

Regards,

Heather


Yes - I actually read that first - I guess now we really have to make it
work. <g>

Louise Kitchen
01/21/2000 10:18 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: EnronOnline

Did you read the Schroders article?

To: Louise Kitchen/LON/ECT@ECT
cc:

Subject: Re: EnronOnline

Thanks for the presentation - well done!


This seems like a really good time to ask for that ranking J

 -----Original Message-----
From: 	Dunton, Heather
Sent:	Friday, August 17, 2001 2:54 PM
To:	Stokley, Chris
Subject:	FW: Cell phones

this is good....

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Friday, August 17, 2001 2:29 PM
To:	Chang, Fran; Dunton, Heather; Law, Samantha; Warner, Nicholas
Subject:	Cell phones

I doubled checked this with Stacey but I wanted to let you know that it is not Enron Works Operations dep't policy to provide cell phones to all employees unless they are in some type of supervisory or managerial and above position. These cell phones are strictly for business use and for emergencies related to work. This policy also applies to all the East risk group as well.  It seems to me that some things are done differently here when compared to the Houston office and if you feel that it is a necessity for you to have a company cell phone by all means talk to Tim about getting a cell phone under his department. Obviously, if you do use a cell phone for business purposes then the applicable charges can be expensed.

Sorry guys, I don't make the rules, I only tell you about them.

John


EEI (Edison Electric Institute) meeting about new universal contract


Mr. Joe Kelliher
Advisor to the Secretary
US Department of Energy

Joe -

Attached please find our thoughts on California solutions.

In the short-term, California must provide support to the Utilities to
maintain reliablity (as they are doing with CDWR purchases).  In the
longer-term, California must increase supply and reduce demand, as well as
bring retail rates in line with the cost of a reasonable portfolio of
electricity supply.

Hope this helps.  If you need anything, please feel free to call me at
713-853-7673 (work) or 713-851-2499 (cell)

Jim Steffes


Any news from the litigation front with UC/CSU?


FYI--I called Jay Hopper and told him that our own backlog of LM-6000
projects had priority in terms of tolling agreements.  Given our existing
backlog of such projects, I would not presently be in position to offer a
tolling agreement to KN's project in the pricing range that KN was seeking.


Attached please find an updated power credit watchlist dated 11/14/00.
Please direct any comments/questions to the credit hotline, (713) 853-1803

Veronica Gonzalez


In light of the tragic events that occurred on September 11, 2001, our concern is to support our employees through this difficult time.  We would like to take this opportunity to remind you of a resource available to you, Enron's Employee Assistance Program.  This service is available to you or any member of your immediate family to provide counseling services.  To talk to a counselor, simply call (713) 853-6057 during business hours in Houston or the 24 hour service line at (800) 345-1391.  If you are outside the US, please contact your Human Resources Representative for further details.  Please also be aware of any colleagues who may require assistance during this time and may not be able to seek help for themselves.

Louise & John


SBX 5 (Sher) passed off of the Assembly Floor on a vote of 74-1.  This
is the newly amended $700 million comprehensive energy efficiency
measure.


---------------------- Forwarded by Mark Breese/HOU/ECT on 12/19/2000 03:00
PM ---------------------------

Phil DeMoes@ENRON
12/19/2000 02:33 PM
To: Mark Breese/HOU/ECT@ECT
cc:
Subject: Re:

Per our discussion.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 12/19/2000
02:29 PM ---------------------------

Janet R Dietrich@ECT
12/18/2000 11:12 AM
To: Phil DeMoes/Corp/Enron@ENRON
cc: Gil Muhl/Corp/Enron@ENRON, Jeffrey A Shankman/HOU/ECT@ECT

Subject: Re:

It doesn't sound like they are anywhere near making a decision on Elba. I
would suggest putting  this on the back burner for now and focus on other
opportunities in the gas market away from Elba. Have Doug Arnell advise you
when they are closer to formulating a strategy and decision around Elba.
---------------------- Forwarded by Janet R Dietrich/HOU/ECT on 12/18/2000
10:56 AM ---------------------------

	From:  Jeffrey A Shankman                           12/18/2000 10:32 AM

To: Janet R Dietrich/HOU/ECT@ECT
cc:
Subject: Re:

FYI.

Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/18/2000
10:38 AM ---------------------------

Doug Arnell@ENRON_DEVELOPMENT
12/18/2000 10:19 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Eric Gonzales@ECT, Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Phil
DeMoes/Corp/Enron@ENRON
Subject: Re:

My view on the discussions with Southern Co. is that it is one of several
potential ways to get at some upside out of our rights at Elba Island.  It's
also giving us a good indication of where the market is for gas sourced from
LNG coming in to Elba.  Nothing will be committed to without considering all
the alternatives at Elba and a full review within EGM and asumably ENA.  The
discussions are still, in my view, exploratory.

Thanks

	From:  Jeffrey A Shankman @ ECT                           12/14/2000 08:17 AM

To: Phil DeMoes/Corp/Enron@ENRON, Doug
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Gonzales/LON/ECT@ECT, Les
Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Janet R Dietrich/HOU/ECT@ECT

Subject:

Before we sign ANYTHING with Southern about the Elba volumes, I'd like an
update.  Also I want to make sure we aren't trading anything away at Elba
that we could be talking about elsewhere.  Thanks.

Jeff


Thursday April 26 5:07 AM ET
Calif. Energy Prices Limited
By H. JOSEF HEBERT, Associated Press Writer

WASHINGTON (AP) - Responding to growing political pressure, federal
regulators are ordering limited price caps during California electricity
emergencies in an attempt to head off severe price spikes this summer when
the state is expected to face critical power shortages.

The Federal Energy Regulatory Commission voted 2-1 late Wednesday to regulate
prices whenever California's electricity reserves fall below 7 percent,
triggering a Stage 1 power alert.
FERC chairman Curtis Hebert, a Republican, said the order seeks to
``balance'' the need to encourage investment in power plants and boost badly
needed supply, but also protect against unreasonable prices when supplies
tighten.

California has a three-stage power alert system with Stage 1 warning of
potential supply problems and Stage 3 signaling a requirement to curtail
demand and prepare for likely rolling blackouts. California this summer is
expected to be short at least 3,000 megawatts of power even if temperatures
are normal. State officials have warned of likely frequent power disruptions.

FERC's order is aimed at preventing the most severe price spikes during those
emergency periods, the commissioners said.

Wholesale electricity prices this winter frequently have been 10 or more
times what they were a year ago with prices regularly exceeding $200 per
megawatt hour. Some futures prices for this summer delivery in the West have
been more than $400 per megawatt hour.

A megawatt is enough electricity to serve nearly 1 million homes.

In pushing through the order after a day of intense negotiation among the
three commissioners, Hebert reiterated his strong opposition to broader price
controls based solely on producers' cost of generation. Echoing the White
House, he said he continues to believe ``the best solution to California
problems are market-based solutions.''

He was joined in support of the order by commissioner Linda Breathitt, a
Democrat. She said the decision marked a breakthrough because for the first
time ``we have reached a consensus that price mitigation should occur'' in
the California market.

But another commissioner, Democrat William Massey, called the commission's
action ``paltry'' and a ``half a loaf solution'' because it is too
restrictive. He said price limits should be imposed all the time and not just
during emergency declarations.

``The evidence is persuasive that the problem (of unfair prices) exists 24
hours a day, seven days a week,'' said Massey, who for months has criticized
Hebert and Breathitt for rejecting more sweeping price controls.

He has argued the commission has failed in upholding provision of the Federal
Power Act to ensure fair and reasonable prices in wholesale electricity
markets.

The three commissioners grappled with the price cap issue all day Wednesday,
postponing a public hearing on the matter three times. Finally they emerged
Wednesday evening and approves the measure 2-1 with Massey objecting.

The commission, operating with two of its five seats vacant awaiting Senate
approve for two of President Bush's nominees, has come under intense pressure
to do something about soaring wholesale power prices throughout the West.
Earlier in the week, a group of Senate Democrats and one Republican
introduced legislation to require FERC to impose broader price caps on
electricity markets in the West and peg them to the cost of power production.

The FERC order falls short of that, focusing on California with no price
mitigation program for the Northwest where wholesale electricity costs have
been just as high as in California.
The FERC order ``ignores the Northwest, like we floated out to sea,''
complained Rep. Jay Inslee, D-Wash., who sat in the audience during the
proceedings.

Rep. Peter DeFazio, D-Wash., said he had hoped Breathitt might join Massey in
voting for broader price caps, but she did not. ``We'll still have price
gouging and blackouts,'' he said.

However, FERC did direct that an agency investigation into potential refunds
should be extended from California to other parts of the West including
Washington and Oregon. Massey maintained that investigation is far too narrow
and will be ineffective.

And even the price restrictions for California could be short lived. The
price mitigation requirements are contingent on California agreeing to submit
by July 1 a Western regional transmission organization plan, something the
state has opposed.

``The order turns into a pumpkin and will have no effect'' if California does
not join in a regional transmission organization, said Massey.


Here is an updated version of Sally's group.


In Staff's report on its investigation of the bulk power markets in the east,
the Midwest report notes on page 2-15, Additions to Capacity, that new
generation has been added in the Midwest region, and that some market
participants believe that developers sited new generation in the Midwest
because there were no price caps.

Steve Kean suggested that we refer to this finding in our November 20
comments on the California order and specifically draw the conclusion that no
price caps leads to more generation development.

The Midwest report is attached.  Please let me know if you have any questions.

Sarah


SK - I printed this & put it in your working group file.  mm

Team--attached are my group's top 10 objectives at the headquarters level and
at the in-country level for the international PR, marketing communication and
social responsibility areas.

How we prioritize

We arrive at these objectives after discussion with heads of the business
units and senior management, and we focus on goals that support the priority
business goals of the company and build/protect the reputation of the company
as a whole.  On a quarterly basis (at least) we review these top objectives
and ensure that we are staying on target.  Internationally, we are faced with
numerous issues and crises which must be dealt with and they also take on a
priority spot when they occur.

There is an issue with prioritization that we must constantly deal with.
Some of our clients are PR savvy and wish to use our services, which should
please us except that sometimes small, low priority and visibility projects
use too much of our time that should be spent elsewhere.  Conversely, we
sometimes have important projects that the developer wishes to keep low
budget and we are not allowed to have the level of input that we should.

How human and financial resources are allocated

The bulk of our human resources currently are allocated to the regions, and
the structure is an area in transition since the reorganization and in light
of several open positions that we have.  We determine in conjunction with the
business units the proper number and level of staff.  The regional PR head
determines how his or her junior people are assigned.  At the headquarters
level, we focus on the activities that benefit the company overall as well as
top priority countries.  Marketing communication maintains adequate staff to
meet customer demands, and adds temporary staff during peak periods.

We all work on the highest priority items for the year, but also tend to
focus on issues of the moment that are of greatest significance to the
business unit leaders.   My goal is to keep people focused on the long-term
objectives for the year and not get caught up in the day to day operations
without this long term focus.  If there is an area I would like to further
refine, it is making sure that we are better deploying our human resources on
what is important.

How financial resources are allocated

We have a PR budget for each operating company, for international
headquarters, for marketing services and for sustainable development.  At the
regional level, figures are projected for each country and/or project and
these are discussed with the various country leaders.  Headquarters budget is
used for activities that benefit all areas and not one region or country.

Marketing communication budget is on a bill-back basis (the most difficult to
predict because it is comprised of costs for developing presentations and
other marketing/sales tools.  This has been a trait of the former EI and is
the expectation of developers--if you need it for marketing purposes you do
it.)  As you will note in my objectives, I would like this department to
arrange a billing system including their time and fixed costs that allows
them to be completely self-supporting rather than allocating across business
units.  This will encourage people to use their services more wisely.

When a new project is being pursued, budgets are approved for all aspects of
the project including PR, employee communication and social responsibility.
The social responsibility budgets typically fall short or are non-existent,
and this is another area that we will be focusing on changing this year.

How this fits with budgeting process

Our allocation of resources is linked directly with our budgeting process.
There are two exceptions:

1--pursuing major projects that were not planned at the beginning of the
year.  Budgets for these new pursuits are approved during the overall project
approval process, and again, we must work to have greater input in this
process.

2--costs for resolving major crises such as Cuiaba and Human Rights Watch
have been significant and were not pre-budgeted.


This is a receipt for the mail you sent to
<ghodge@pdq.net> at 6/1/2001 6:04 PM

This receipt verifies that the message has been displayed on the recipient's computer at 6/1/2001 6:29 PM
 - C.DTF


here is where we are staying in austin
---------------------- Forwarded by Eric Bass/HOU/ECT on 08/31/2000 12:43 PM
---------------------------

"K. Bass" <daphneco64@bigplanet.com> on 08/31/2000 12:36:26 PM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: "Larry W. Bass" <lwbthemarine@bigplanet.com>
cc: Eric Bass <Eric.Bass@enron.com>
Subject: Renaissance Austin Hotel

?

?http://www.renaissancehotels.com/AUSSH/
 - Renaissance Austin Hotel.url


It looks like it will be done.  I am out tommorrow, but will follow up to make sure you have a card on Friday.

 -----Original Message-----
From: 	Woods, Steve
Sent:	Wednesday, October 10, 2001 5:54 PM
To:	Rangel, Ina
Subject:	RE: Important Question - Please Answer

It will be completed, let me know if it does not get done this week.

Thansk, Steve

 -----Original Message-----
From: 	Rangel, Ina
Sent:	Wednesday, October 10, 2001 5:22 PM
To:	Allen, Louis
Cc:	Woods, Steve; Shepperd, Tammy R.
Subject:	Important Question - Please Answer

Louis,

We are moving on to the 6th floor Trading area in the new building.  I have two financial traders under John Arnold who would like a spot in the garage (not reserved) and have not been offered that choice as of yet.  One is currently in the Allen Center and one is in the Clay Garage.  Please help me out on this if at all possible.  I would really like to make their day.

Their names are Mike Maggi and Andy Zipper.

Many thanks,

Ina Rangel


Calif. power bond delay may lead to large deficit
NEW YORK, Sept 27 (Reuters) - California state Treasurer Philip Angelides said Thursday the state could face a $9.3 billion budget deficit in the 2002-2003 fiscal year if $12.5 billion of power bonds are not sold before July 2002.
The treasurer is certain the bonds will be sold, but he released the figures in an attempt to pressure the California Public Utilities Commission (PUC) into actions it must take in order to sell the bonds.
"What I am concerned about is the fact this law has not been effectuated eight months after it was passed," Angelides said in a telephone news conference in Sacramento, referring to a law passed in February setting the biggest municipal bond sale ever in motion.
The state depleted its general fund by at least $6.2 billion buying electricity to keep power flowing and must sell the bonds in order to refill the state's general fund and make future power purchases.
"There can be no schedule (for the bond sale) until the PUC completes its work," Angelides said.
Earlier this week the PUC said the much-delayed meeting is now set for Oct. 2.
Angelides said PUC Commissioner Jeff Brown, one of five, is on board to make the vote, but President Loretta Lynch and other commissioners, "are not ready to act."
Lynch said earlier this week that she wants more time to work out details with Angelides and the Department of Water Resources concerning the money and terms of the rate order and rate agreement.
How the money from rate increases approved in May will be split up to pay for the bonds and to reimburse troubled power utilities and giving the Department of Water Resources the authority to sell the bonds, still need to be decided by the PUC.
Angelides is projecting a $3.1 billion budget deficit for the 2002-2003 fiscal year, even if the bonds are sold in time, due to reduced revenues as the overall U.S. economy slows.
In a worst case scenario, Angelides added that with the bond sale, the $3.1 billion gap may grow to $4 billion, while a late sale would push the $9.3 billion number to $10.2 billion.
The treasurer painted a dire picture of California 's budget if the bonds are not sold, likening it to the state's budget problems of the early 1990s.
Angelides warned a 2 percent sales tax increase might have to be put in place, or possibly a $1,574 per student cut in state K-12 education spending.
Or, the state could drop all spending on the University of California and California State University and save $6 billion.
Eighteen percent of the state's non-education budget would need to be cut if the bonds are not sold, he said.


dont know them

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	Thursday, September 20, 2001 12:30 PM
To:	Whalley, Greg
Subject:

Do you know Matt McComiskey, Ken Snodgrass, Jimmy French, Dan Martines, or Keith Cosman over at Shell Oil Trading?

Jeff


The DPR for today is final and posted to the Executive Reports Viewer.

Please note a minor change in the DPR format today.  The "Merchant Portfolio"
section of the DPR now displays only the totals for this portfolio.  The
details have been hidden.  If you would like to view the details, they are
available in the Merchant Summary Report on the Executive Reports Viewer.

Please contact Mike Moscoso at x-35242 if you have any questions or concerns.


We expect Delta to fund escrow this Friday.  I will be suggesting to Delta
that we close on April 27.  Any insurmountable problems?

Kay


Dale said P.Dailey said the hook-up isn't compatible.  So I guess you'll just have a regular meeting.


Hi,

        Attached is the second exotic options module - on Crack Spread Options.

        Note:  If you do not wish to continue receiving these modules, please let me know so that I may remove your name from the mailing list.

Thanks,
Iris
x3-6711