just when i'm turning really bearish you're starting to turn bullish on me.
weather to me relatively unimportant.  yes, it will leave us with 30 bcf or
so less in storage than if we had mild weather.  i think it is masking a
major demand problem.  think what the aga numbers would be with moderate
weather.  when we get into injections, i think we'll see a big push down.
spec and trade seem bearish but hesitant to get short.  customer buying still
strong.  thus even with the demand picture becoming clearer, we haven't moved
down.  however i think when the picture becomes clearer (i.e.-when we start
beating last year's injections by 20 bcf a week), trade will get short.
customers very unsophistocated.  the story they keep telling us is we're
coming out 400 bcf less than last year, thus the summer has to be strong.
when we start inj, customers will start seeing other side of story.  pira
finally came out this week and said stop buying.  to me, the mrkt just a
timing issue.  i want to be short before the rest of the idiots get short.  i
continue buying m,f puts.  projecting k to settle 450 and m 400.

slafontaine@globalp.com on 03/23/2001 01:44:10 PM
To: jarnold@enron.com
cc:
Subject: distillates

this strength cud persist awhile-is a little bullish ngas demand since we now
above parity in some places. shit theres so many things shaking my faith on
the
short bias of this thing. weather hot /west cold est, hydo, califronia,mkt
talking new engl shortages.oil demand cont to show stellar y on y and curve
recoveriung, opec hawkish stance for px support.
  i think we close the y on y gap still significantly but im starting to
question how when,how much and how long prices come off in apr-jun?
thanks god i can trade oil cuz i have made anything in ngas to speak of. short
term still sort of neutral ngas-beleive we range bound. u prob know this but
hearing texas rr data coming out pretty bearish prodcution-good news .
regards


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/02/2000
09:00 AM ---------------------------

Masayuki Fujita <mfujita@mri.co.jp> on 05/31/2000 10:17:07 AM
To: "Vince J. Kaminski" <Vince.J.Kaminski@enron.com>
cc: Shirley Crenshaw <Shirley.Crenshaw@enron.com>, gmasson@ect.enron.com,
eugenio.prez@enron.com
Subject: Risk Book Translation

Dear Professor Kaminski,

    It was a great opportunity to meet with you and Mr. Masson. Enclosed are
digital
pictures at LaTour D'Argent. Thanks again for your kind hospitality.

    We have translated almost a half of the book "Managing Energy Price
Risk". We are now
finding a publisher of Japanese book and want to know the contact in Risk
Publications. It
is very kind of you if you can let me know the successor of the editor of the
book who may
still be anonymous and then a general contact who may assist us to find him
or her.

    I hope we can host you soon in Tokyo.

Best regards,

                                            Masayuki Fujita
                                            Mitsubishi Research Institute,
Inc.


Tana:

None of the following CPs are authorized to trade US power:

Alcoa of Australia Ltd. - not a current CP/not FERC approved
Enjet, Inc. - restricted by credit
Petro-Canada - not a current CP/not FERC approved
Powrecor Australia Ltd. - not a current CP/not FERC approved

Glad you're back!

Leslie


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 07/06/2000 10:59 AM -----

	David Hoog <dhoog@att.net>
	07/06/2000 09:48 AM

		 To: carol.st.clair@enron.com
		 cc:
		 Subject: [Fwd: [Fwd: FW: ACE Policy]]

> baird's email wasnt going through, so i am forwarding it.  policy should be
> attached.
>
> >
> > > -----Original Message-----
> > > From: Brown, C. Baird  (Phila)
> > > Sent: Thursday, July 06, 2000 10:08 AM
> > > To:   'guarav.babar@enron.com'; 'bill.windle@enron.com';
> > > 'elizabeth.sager@enron.com'; 'leslie.hansen@enron.com';
> > > 'carol.st.clair@enron.com'; 'savitabi@llgm.com'; 'jmcgreevy@llgm.com';
> > > 'sbehrend@llgm.com'; 'rick.gieryn@ace-ina.com';
'david.hoog@ace-ina.com';
> > > 'ed.zaccaria@ace-ina.com'
> > > Cc:   Wood, Molly  (Phila)
> > > Subject:      FW: ACE Policy
> > >
> > > Here is the revised policy.  As I tried to make economic wording of all
> > > the limits and counterlimits that we have discussed, they have not
always
> > > ended up in the sections that we originally discussed, but I have tried
to
> > > capture them all.  Please look at Sections 5.2, 5.5, 5.7, 8.1, and 11
> > > together.
> > >
> > > C. Baird Brown
> > > Ballard Spahr Andrews & Ingersoll
> > > 1735 Market Street
> > > Philadelphia, PA 19103
> > > 215-864-8518
> > > baird@ballardspahr.com
> > >
> > >
> > >  <<Policy.rtf>>
> >
> >   ------------------------------------------------------------------------
> >                  Name: Policy.rtf
> >    Policy.rtf    Type: WINWORD File (application/rtf)
> >              Encoding: quoted-printable

--

______________________

David T. Hoog
P.O. Box 399
Bala Cynwyd PA 19004
tel. 610-996-2522
fax. 610-617-0696
dhoog@att.net
______________________

 - Policy.rtf


Where?

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


What's ENA's tax id #?


---------------------- Forwarded by Kay Mann/Corp/Enron on 02/08/2001 08:54
AM ---------------------------

	From:  ENA Public Relations                           02/08/2001 12:30 AM

Sent by: Enron Announcements
To: All_ENA_EGM_EIM
cc:

Subject: EnTouch Newsletter

BUSINESS HIGHLIGHTS

East Power Group
The East Power Group is off to another strong start in 2001.  The realignment
of the group into regional business units with joint trading, mid-marketing,
and origination operations has proven to be a catalyst for deal flow,
producing both a high volume of transactions and high value.  More
transactions were executed in January than any month last year, including one
deal that will bring tremendous strategic value to Enron as well.

Executed in January, was the purchase of two 35 MW coal-fired cogeneration
facilities located in southeastern North Carolina.  ENA will supply steam to
the industrial host, Alamac Knit Fabrics, and will sell power into the
merchant market.  The plants are inside Carolina Power & Light's service
territory, which is connected to AEP, Virginia Power, Duke, SCEG and SCPSA.
These plants are the first purely merchant facilities in North Carolina.
This deal exemplifies how Enron leverages its talent in that originators from
the East Power Group and Industrial Markets Group joined forces to bring this
deal to execution.  They also leveraged the Global Markets group to manage
the coal supply and emissions issues.

Prospects going forward look promising as a number of high value transactions
are in the pipeline.  Of particular note is The Sandhill Power Project, a 180
MW peaking facility currently under construction in Austin.  The facility is
scheduled to come online in June, in time for the advent of deregulation in
Texas. The joint venture, between EPMI and Austin Energy, will provide both
trading groups with a highly flexible asset, enabling them to access
real-time volatility while hedging existing obligations.

Additionally, the Fort Pierce (Florida) City Council voted 5 to 0 in favor of
Enron's proposal to repower the Ft. Pierce Utilities Authority's (FPUA)
existing power plant in that city.  Our proposed 180 MW facility will be used
to produce steam to power the H.D. King facility at approximately 20 percent
less cost than FPUA can produce it.  According to FPUA officials, this
reduction in cost may lead to reduced rates for their ratepayers.  The
planned in-service date is summer of 2002.

Industrial Markets
EIM Fundamental Analysis Group grows again!  The Fundamental Analysis Group
continues to expand its staff and capabilities.  They will be introducing you
to specific activities in the weeks to come, but would like to introduce you
to the new staff members who have joined in the past month.

On the paper/pulp/lumber side, Bin Wang is responsible for supporting the
lumber group; Adnan Patel will be assisting with newsprint and structured
transactions.

For the steel group, Doug Parsons and Yana Kristal are providing market
analysis and econometric/price forecasting support.  Our latest recruit,
David Maxwell, is assisting with the evaluation of a customer management
system and developing analytical databases for all product lines. A visible
enhancement to the group,s operations has been the Intranet web site, which
has been in development for the past three months.  The site will be
transferred to a production server by the end of February.  The site contains
all types of industry, market, regulatory, analytical, and financial
information for deal analysis.

Another major development is the adoption of a customer information
management system.  EIM is currently evaluating Siebel Systems, a software
provider that has developed this type of information tool for EES.

IN THE NEWS

Enron has been named the "Most Innovative Company in America" for the sixth
consecutive year by Fortune.  That's right -- six years in a row.   We
continue to be recognized by our industry peers and other corporate
executives and securities analysts as the company that sets the standard for
doing business in the new economy.  Congratulations to all of you for making
it happen.

Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year.  We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."

This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12.  For more information, go to www.fortune.com.

NUGGETS & NOTES

"The revolution has begun......"  - Ted Bland, Director/HR Recruiting
Operations

"We trade propane and propane accessories" - Adam Gross, Director/Global LPG
Trading-EGM

WELCOME
New Hires
EGM - Robert Beyer, Jacqueline Darrah, Herbert Goodwin, Vera Ilyina, Tracy
James, Christopher Mulcahy, LaBricia Seyrus
ENA - Tonya Dennis, Kathryn Sheppard, Bin Wang

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


As things begin to calm down somewhat after events of last week, we wanted to update all employees of certain organizational and personnel changes that have occurred recently.

Organizational Matters
The Creditors' Committee was formed last week by the United States Trustee.  This committee is comprised of 15 individuals representing various creditor groups including: banks, bondholders, insurance companies and employees.  The Creditors' Committee will be the key point of contact as we reorganize the company and emerge from Chapter 11.  Initially, they will send financial advisors to our offices to monitor any asset liquidations as well as review our cash flow projections.  Ultimately, they will be responsible for approving our reorganization plan as to which assets or businesses we sell and which ones we retain.

From an Enron perspective, the plans for reorganization have already begun.  Overhead has been reduced dramatically, certain employee retention programs have been put in place and a wider retention program is currently being developed.  We hope to share the wider retention program with you in the very near future.  Furthermore, detail cash flow projections are in their final stages of preparation and will be reviewed by senior management this week.  This will be the critical first step in formulating our reorganization strategy to emerge from Chapter 11 as a healthy company.

By now, you must have heard of "NETCO." This company was formed as a means to maximize the value of Enron's most valuable business, the wholesale energy business.  Certain Enron North America employees have been assigned to NETCO to re-build the North American gas and power business under different ownership.  We will be filing with the bankruptcy court this week proposed auction procedures to allow bidders to bid for NETCO.  It is our expectation that Enron would retain a 49 percent (or perhaps less) non-controlling interest in NETCO.  The NETCO employees would become employees of the winning bidder.  We anticipate this process to reach closure sometime in January.

As for the remaining businesses of Enron, they are all under review as to which ones will be proposed for sale and which ones will be proposed for retention.  This review process will take time as it will require approval of the Creditors' Committee.  We will update you periodically on our process.

Personnel Matters
As a result of our current situation, we have made many personnel changes over the past several months to maximize the value of the organization.

Office of the Chairman - Enron Corp
Jeff McMahon, Executive Vice President and Chief Financial Officer, has been added to the Office of the Chairman of Enron Corp along with Ken Lay and Greg Whalley.  Among other things, Jeff has been working on the business plan for reorganization in Chapter 11 and is the primary contact with the newly formed Creditor's Committee.

Treasurer - Enron Corp
Ray Bowen was elected to Executive Vice President, Finance and Treasurer of Enron Corp recently.  In this role, Ray is responsible for all finance activities of Enron Corp.  Ray also has the lead role in managing the cash activities of the company on a day to day basis.

Corporate Development
Mark Muller has been appointed Executive Vice President - Corporate Development.  In this role, Mark will work with Enron's various business units on all asset disposals, which will be a key element in Enron's reorganization plan and value preservation.

Wholesale Services
The Wholesale Services group has been reorganized under the leadership of Jim Fallon.  Included in this group are the following businesses, ENA, EBS, EIM and EGM.  As part of the Chapter 11 reorganization, efforts in these businesses will be directed at maximizing value for the creditors as well as determining which businesses or assets will be part of Enron's reorganization plan.

Management Committee Departures
Unfortunately, due to the current financial condition of the company, the following members of the management committee have left the company or will be leaving the company by the end of December:

Michael Brown
Mark Frevert
Steve Kean
Mike McConnell
Jeff Shankman

Additionally, John Lavorato and Louise Kitchen have resigned from the Management Committee to arrange for the joint venture energy activities of NETCO.

We know as employees the uncertainty surrounding the future of the company is unsettling.  Unfortunately, that aspect will not change in the near term.  We ask for everyone's patience and continued support as we move forward through the Chapter 11 process.  We are committed to reorganizing into a strong company once again and will need the help of all the employees to achieve that goal.


Dear PIRA Retainer Client:

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

The World Oil Market Is Tightening

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

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

Best Regards,

PIRA Energy Group


Please see attached file!


Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


My description is as follows:

The litigation group manages all litigation, including international,
federal, and state lawsuits, as well as arbitrations, mediations and other
alternate dispute resolution proceedings.  The litigation group also analyzes
and gives advice concerning the litigation risks associated with commercial
transactions.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
E-mail the completed forms to: market_relations@nyiso.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Date/Time:   11/20/00   1:15pm CST
Billing Org. Name:  Enron Power Marketing, Inc
Billing Org. ID#:
Requesting Person
    Name:   Rebecca M. Grace
    Phone:   713-853-9771
    E-mail:   rgrace@enron.com
Period for Which Billing Requested:
    DATE:      11/17/00
    HOURS:      SH20 & 21
Unit Name:
Unit PTID#:
LSE Name:
LSE ID#:
Load Bus Name:
Load Bus PTID#:
Transaction ID#:     5037153 (SH20) & 5037161 (SH21)
Grandfathered Transmission Rights ID#:
Scheduling Organization:
TCC Source/Sink:
TCC ID#:
Billing Codes Affected:     517
Brief Description of Problem:    Settlement detail for SH20 & 21 does not
match the on-line screens. I have verified on-line that the bids
      were accepted and energy was scheduled in HAM.

      Trans ID SH Scheduled Settlement

      5037153 20 213.0  225.2913
      5037161 21 188.0  190.0692

Tracking Number:   [for NYISO use]
Reviewed by:  [for NYISO use]
Date:  [for NYISO use]
Analyis Required?:  [for NYISO use]
Final Action Taken  (Include Date and person(s) taking action):  [for NYISO
use]
Sign off & Date:[Mgr. - NYISO Grid Accounting]


<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">

<title>VentureWire Alert</title>
<meta HTTP-EQUIV="Content-Type" CONTENT="text/html;charset=iso-8859-1">

 For Jeffrey Dasovich, Enron

VENTURE MARKET SUMMARY

Biotech players topped the new money list to close the week, raising more than $62 million. DNA sequencing technology developer Solexa led the pack with a solid $17-million Series B led by Schroder Ventures Life Sciences. The top performer in the slumping IT space was Metabyte Networks, a provider of personalized television technolgy, which secured $10 million in second-round financing with some strategic help from Canal+ Technologies.

On the bad news front, Cinta Networks tried to show investors it could control costs by pink-slipping 17 people from its 130-person workforce in the midst of raising $40 million to $50 million in third-round funds. Optical firm Mahi Networks added to the week's layoffs by axing one-third of its 300-employee staff
in an effort to control its burn rate. VC firms were not immune either as CMGI@Ventures confirmed three general partners will leave the struggling firm.

Despite the layoffs and departures, there was a glimmer of hope in the M&A world, as the sluggish market got a boost from Capital One Financial, which said it will acquire PeopleFirst.com for 3.7 million shares of its stock, worth some $150 million.
 - By Taran Provost

October 9:
San Francisco, CA

Biotech and drug development are hot!  In 2001 venture money has been flowing in, but will it last? We've convened four industry roundtables with a mix of venture capital, pharmaceutical, regulatory, biotech and investment professionals to put the sector in perspective.  Register today to learn more!

 your account

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 contact

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 •  Send questions, complaints, or service queries to: help@venturewire.com

 •  Send advertising inquiries to: advertise@venturewire.com

Saving Costs via Optics

With capital scarce and bandwidth aplenty, optical
components manufacturers face tough market conditions.
Now, systems companies are focusing on reducing costs
and helping carriers do more with the capacity they
already have. Happily, a number of optical technology
companies appear well positioned to capitalize on this
trend. At Optical Portfolio, you'll hear from startups
such as Symmorphix, Telephotonics, Pine Photonics, and
Proximion Fiber Optics, which are using integration,
tunability, and real-time network monitoring to create
more intelligent and efficient optical networks.

VentureWire Optical Portfolio, Boston Marriott Cambridge,
October 24 & 25. Register online:
	 http://www.opticalportfolio.com

Advertise • Tell a Friend

VENTUREWIRE INDEX

510.5   -0.99%

NOTABLE DEALS

Capital One Acquires PeopleFirst for $150M in Stock

FALLS CHURCH, VA. -- Capital One Financial, a publicly traded holding company with interests that include Capital One Bank and Capital One F.S.B., said it will acquire San Diego, Calif.-based PeopleFirst.com, an independent online auto loan provider for 3.7 million shares of Capital One stock, worth approximately $150 million.

http://www.peoplefirst.com

http://www.capitalone.com

Cinta Cuts 13% of Staff in Middle of $50M Third Round

SAN JOSE, CALIF. -- Cinta Networks, a provider of optical networking systems, said it cut 17 people out of a 130-person workforce last week in order to better manage the company's operating expenses in current economic conditions. Cinta said the layoffs occurred across the board and that the laid-off staff received severance. The company also said it has begun raising a $40-million to $50-million third round that it expects to complete by the fourth quarter of this year.

http://www.cintanetworks.com

Mahi Networks Lays Off One-Third of Staff

PETALUMA, CALIF. -- Mahi Networks, a startup developing optical technology that joins carriers' metro-area networks to wide-area optical nets, has laid off about one-third of its 300 employees as a result of the contraction in the telecommunications market, according to a company spokesperson.

http://www.mahinetworks.com

Atlas Venture Eyes Security Software, Enterprise Networking

BOSTON -- Despite a continuing slowdown in overall venture investing, Atlas Venture is gearing up to make new investments in the security software and enterprise networking fields, two areas it views as relatively uncrowded and rife with opportunity, Michael Feinstein, a principal at the Boston-based firm, told VentureWire.

http://www.atlasventure.com

DNA Sequencing Firm Solexa Raises $17-Million Second Round

CAMBRIDGE, ENGLAND -- Solexa, a developer of high-throughput DNA sequencing, said it raised GBP 12 million ($17 million) in its Series B round of funding. The company said it would use the capital to continue the development of its single-molecule sequencing technologies.

http://www.solexa.co.uk

Broadband Firm Stargus Launches with $10.15M Series B

ANDOVER, MASS. -- Stargus, a developer of a broadband access management system, announced its launch and the close of $10.15 million in Series B funding from ADC Telecommunications,  Castile Ventures, Lauder Partners, Pilot House Ventures, Still River Fund, and YAS Broadband Ventures. Proceeds from the round will be dedicated to product development, as well as sales and marketing, said president and CEO, Russell H. Stephens.

http://www.stargus.com

Personal TV Firm Metabyte Receives $10 Million in Series B

FREMONT, CALIF. -- Metabyte Networks, a firm providing television personalization technology, raised $10 million in its second round of funding from new strategic partner Canal+ Technologies, a provider of interactive television software based in Cupertino, Calif., and new investor Scientific Atlanta, a developer of cable transmission and compression technologies based in Lawrenceville, Ga.

http://www.mbtv.com

Optical Switching Firm SpectraSwitch Raises $6M Series B

SANTA ROSA, CALIF. -- SpectraSwitch, a designer and manufacturer of optical switching and signal conditioning components, said it has raised $6 million in its Series B round of funding from Advanced Technology Ventures and NIF Ventures. The company said it will use the funding for working capital, product development, and marketing.

http://www.spectraswitch.com

Hitting and Missing In the Drug Discovery Goldmine
Genomics and proteomics have opened up new realms of
drug discovery. Some investors have rushed in, but
others haven't forgotten the lessons learned in previous
biotech booms. Remember gene therapy? There will be
winners and losers in the race to create a new era in
drug therapy. Healthcare Outlook has dedicated a special
track for management presentations by private companies
in genomics and proteomics. We also will convene a
special industry roundtable: From Laboratory to The
Pipeline led by James Reddoch, VP & Senior Research
Analyst, Healthcare Group, Banc of America Securities.
He'll be joined by:
*Michael Grey, Chief Business Officer, Structual Genomix
*Lowell T. Harmison, Former Deputy Assistant Secretary of
Health, Department of Health and Human Services
*Daniel Janney, Partner, Alta Partners
*Gary Zweiger, Director, Strategic Business Development,
Development, Life Sciences, Agilent Technologies
Come see the companies that will create the change and
the experts that can put it in perspective, Healthcare
Outlook on October 9 in San Francisco. Register today at:
http://www.healthcareoutlook.com

Latus Lightworks Suspends Operations

RICHARDSON, TEXAS -- Latus Lightworks, an optical networking firm, has suspended operations and assigned its financial affairs to Diablo Management, according to a statement on the company's Web site. The company and its investors could not be reached for comment.

http://www.latuslw.com

Online Private Equity Firm Offroad Shuts Down

SAN FRANCISCO -- OffRoad Capital, an online private securities and technology firm that helped raise funding for startups and venture funds using its online network of high-net-worth individuals, has ceased operations after failing to secure additional financing. A source close to the company told

http://www.offroadcapital.com

Storage Firm Intransa Names Alan Kessler as President & CEO

SANTA CLARA, CALIF. -- Intransa, which developing network storage technology, said it named Alan Kessler, former chief operating officer and general manager of Palm's platform and products group, as its president and CEO.

http://www.intransa.com

Can A New Generation of Companies Change Clinical Trials

The long and expensive $500 million drug approval process
is ripe for innovation.  Healthcare Outlook has dedicated
a special track for management presentations by private
companies hoping to seize the opportunity. We also will
convene a special industry roundtable: From the Pipeline
Through Clinical Trials led by venture capital veteran
Sam Collela of Versant Ventures.  He'll be joined by:
*Jeff Augen, Director, Business Strategy, Life Sciences,
IBM
*C. Thomas Caskey, President & CEO, Cogene Biotech
Ventures
*Rodney A. Ferguson , General Partner, JP Morgan
*James D. Utterback, Chief Executive Officer, PHT Clinical
Networks
Come see the companies that will create the change and the
experts that can put it in perspective, Healthcare Outlook
on October 9 in San Francisco. Register today at:
	http://www.healthcareoutlook.com

To cancel, change, or update your subscription:

http://alert.venturewire.com/account.asp


Sally,

Per Dorie, there will be an interactive invitation to Office of the Chair
offsite (probably the beginning of next week).  With a click, you will RSVP &
indicate whether or not you need airline reservations.  If so, you will be
forwarded to a travel agent who has been selected to make these
reservations.  Do you want me to make back-up reservations just in case
preferable flights get booked early?

PT
---------------------- Forwarded by Patti Thompson/HOU/ECT on 10/31/2000
01:26 AM ---------------------------

	Enron North America Corp.

	From:  Patti Thompson                           10/30/2000 02:06 PM

To: Dorie Hitchcock/HOU/ECT@ECT
cc:
Subject: 2000 ENA Offsite

Dorie,
Are you making airline reservations?  I checked with you several weeks ago &
you said everyone needed to make their own arrangements - Is this still the
case or will you be handling?  If so, please call me so we can make
arrangements for Sally Beck.

Thanks,
Patti x39106
---------------------- Forwarded by Patti Thompson/HOU/ECT on 10/31/2000
01:03 AM ---------------------------

David W Delainey
10/30/2000 01:12 PM
To: Janet R Dietrich/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Derek
Davies/CAL/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron, Hunter S Shively/HOU/ECT@ECT, Laura
Luce/Corp/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Michael L
Miller/NA/Enron@Enron, Thomas A Martin/HOU/ECT@ECT, John
Zufferli/CAL/ECT@ECT, Scott Tholan/Corp/Enron@Enron, W David
Duran/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Max
Yzaguirre/NA/Enron@ENRON, C John Thompson/Corp/Enron@ENRON, Scott
Josey/Corp/Enron@ENRON, Paul Devries/TOR/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Jean Mrha/NA/Enron@Enron, David Oxley/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT,
Beth Perlman/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Wes Colwell/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Bruce
Sukaly/Corp/Enron@Enron, Doug Gilbert-Smith/Corp/Enron@ENRON, Eric
LeDain/CAL/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT,
Rogers Herndon/HOU/ECT@ect, Jeffery Ader/HOU/ECT@ECT, Dana Davis/HOU/ECT@ECT,
Fred Lagrasta/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT
cc: Mark Frevert/NA/Enron@Enron, Kay Chapman/HOU/ECT@ECT, Dorie
Hitchcock/HOU/ECT@ECT
Subject: 2000 ENA Offsite

Guys, attached you will find a preliminary agenda for the 2000 ENA Offsite.
As leaders of the organization, you have been invited to participate in a two
day offsite where business 2001 objectives and strategies for ENA will be
discussed.  It is scheduled to occur December 14th and 15th at the Venetian
in Las Vegas.

This is the forum to ensure that your point of view and ideas can be heard
and incorporated into our plans and iniatives as such I would encourage
everyone to attend and to stay for the entire period.  In particular, we
would like everyone to stay over Friday night and leave Saturday morning.

ENA public relations (Dorie) will manage all the logistics including air fare.

Final invitations, details and agenda will follow shortly.

Regards
Dave and John


Possible penalty for Saturday's gas is below.
---------------------- Forwarded by Brian Perrone/CES/ColumbiaGas on
01/31/2000
03:25 PM ---------------------------

Marianne Stiles
01/31/2000 03:14 PM

To: Brian Perrone/CES/ColumbiaGas@ColumbiaGas
cc: Joanne Swogger/CES/ColumbiaGas@ColumbiaGas
Subject: Re: CKY 6-12 January 2000 - cut 29th 767 dth

CDC could invoke $30 per dth penalty plus the tariff cost.   I will not know
if
they will invoke this until after they close the month.

Brian Perrone
01/31/2000 03:11 PM

To: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Re: CKY 6-12 January 2000 - cut 29th 767 dth

What are the penalties for Saturday?

Marianne Stiles
01/31/2000 07:47 AM

To: Brian Perrone/CES/ColumbiaGas@ColumbiaGas, Melissa
Flewellyn/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: CKY 6-12 January 2000 - cut 29th 767 dth

Over the weekend we requested 767 dth additional (just rolled the deal from
the
27th and 28th) to bring up the deliveries to match the MDQ.   However, Enron
did not realize the deal was through the whole weekend.   They only did it for
the 27th and 28th even though there are plenty of e-mails.     When I ran my
TCO reports on Friday afternoon the noms were not there.   I called Joann
(Enron scheduler) and she said she did not have time to put them in yet and
that she would get to it later as she was extremely busy with February.   I
did
not find out that the 29th did not get scheduled until Sunday morning.   I ran
my TCO reports and it was not on there.   I then paged Joann (Enron scheduler)
to find out why.    She did question the deal with Chris on Friday after I
called stating the weekend was missing.   She said she was told the deal was
only for two days (27th and 28th).   I told her that was incorrect as it was
through the entire weekend.   However, she did agree to put in the noms for
Sunday and Monday with the understanding that Chris G. would call Brian this
morning to negotiate price.   I told her the price would have calculated last
week.

To make a long story short,  we were cut 767 dth going to CKY on the 29th
(during and OFO/OMO).   Any penalties should be passed along to Enron.
Brian,
expect a call from Chris this morning.


Are you in
Dallas yet??   what is your company e mail??

MC


Hello all, I just opened my email here in beautiful Aspen and read this.
Looks like he wrote it last night. Sorry to hear about this.

We are having a wonderful time here in one of your new houses. What a
beautiful house. Thank you so much for allowing us to do this. We will write
a formal thank you later. We hope to go for a bike ride today if weather
permits. Love. Bonnie with a rocky
 mountain high.
-----Original Message-----
From: Loyallay@aol.com [mailto:Loyallay@aol.com]
Sent: Monday, October 23, 2000 12:23 PM
To: bourneB@umsystem.edu
Subject: My Mother

Hi Bonnie: My mother passed away Saturday, October 21. The Visitation will
be
held on Tuesday, October 24th at 7:00 PM. Funeral services will be held at
Ozark Baptist Church on Wednesday, October 25th at 10:00 AM. Would you
please
let Kenny and Sharon know. We do not expect any of you to attend the
services
but as a matter of courtesy we are letting you know. Regards-Loyal


Kate,
Thanks for the update.  The changes you have made to deals 566424.1 and
566426.1 are not reflected on the carp report - maybe these need to be
auto-scheduled??  As for 576512.1 I've added the hours in question to the
spreadsheet.  If you need more clarification, please give me a call.

Thanks
Brooklyn
713.853.1909


calendar
---------------------- Forwarded by Steven J Kean/NA/Enron on 07/06/2001
01:04 PM ---------------------------
From: Mark E Haedicke/Enron@EnronXGate@enronXgate on 07/06/2001 12:22 PM
Sent by: Janette Elbertson/ENRON@enronXgate
To: David W Delainey/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, John J
Lavorato/ENRON@enronXgate, Richard B Sanders/Enron@enronXgate, Richard
Shapiro/NA/Enron@Enron, Vicki Sharp/HOU/EES@EES, Greg
Whalley/ENRON@enronXgate, Robert C Williams/ENRON@enronXgate
cc: Kay Chapman/HOU/EES@EES, Maureen McVicker/NA/Enron@Enron, Kimberly
Hillis/ENRON@enronXgate, Twanda Sweet/ENRON@enronXgate, Ginger
Dernehl/NA/Enron@Enron, Kathy Dodgen/HOU/EES@EES, Liz M
Taylor/ENRON@enronXgate, Jan Cooley/ENRON@enronXgate, Jessica
Ramirez/ENRON@enronXgate

Subject: Meeting Notice - California Document Production Issues

There will be a meeting on Monday, July 9, from 10:00 a.m. to Noon in EB3321
to discuss the referenced issues.

Thank you.

Janette Elbertson
Enron Wholesale Services
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
e-mail address:  janette.elbertson@enron.com


Here are the suggested Product Type Descriptions for Australian an Japan
Weather. I have included the current Product Type Description below for your
comparison to what the desk is suggesting.

A Weather (Cooling Degree Day) Financial Swap Transaction with Enron
Australia Finance Pty Limited, under which the Seller is obliged to pay the
Payment
Amount to the Buyer where the Floating Amount is above the Strike Amount, or
where the Buyer is obliged to pay the Payment Amount to the Seller where the
Floating Amount is below the Strike Amount.  The Strike Amount is the amount
in Cooling Degree Days submitted in the "price" field by Counterparty via the
website. The Notional Amount is the product of the quantity submitted by
Counterparty via the website and the Pay Unit. The Payment Amount is the
product of
(i) the Notional Amount and (ii) the absolute value of the difference between
the Floating Amount and the Strike Amount.

Dale

---------------------- Forwarded by Dale Neuner/HOU/ECT on 06/13/2000 08:02
AM ---------------------------

Justin Timothy@ENRON_DEVELOPMENT
06/12/2000 10:27 PM
To: Mario Parra Cardoso@Enron, Dale Neuner@ECT
cc: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: EOL Test Update

Mario/Dale,

Would you please update the EOL Test Environment with the following
Australian Weather Long Form Descriptions. Please note the Japanese Long
Forms are not final yet, and some fields may change prior to the transfer to
production. The Australian GTC's are with Houston Legal at present, and the
Japanese GTC will be finished in the next 2 days.

Regards,

Justin


Please see attached file on the Falcon Prospect for use in this afternoon's
board meeting at 2:00 pm.  An original will be delivered to you shortly.
Thank you.

Donna M. Cagle
Executive Administrator to President & CEO
Mariner Energy, Inc.
580 WestLake Park Blvd., Suite 1300
Houston, TX  77079
281/584-5511 (phone)     281/584-5515 (fax)
dcagle@mariner-energy.com

 <<falcon sanction document.doc>>  <<falcon sanction document2.doc>>
<<falcon sanction document3.doc>>  <<sanction doc.pdf>>


Steve,

Sorry for the slow response but I got the latest word on voicemail while out
here in SF.  They completely screwed up my order, not Ron the guy from
Mercedes USA, but the dealer.  Ron has stepped in and followed up himself and
I'll be receiving a 2001 in late August/early Sept..  He is a good guy and is
trying to make up for the major dropping of the ball.  My sales guy that blew
it is no longer in that job.  Hopefully it will be coming soon.  I'll believe
it when i see it but I am very excited and it was a real let down in June
when it didn't' arrive.

Thanks for asking.

We'll talk soon.

mike

"Flynn, Steve" <Steve.Flynn@disney.com> on 07/11/2000 10:48:36 AM
To: mike.mcconnell@enron.com
cc:
Subject: Car

Mike,

What ever happened with your car?

Steve


Approved for Janette Elbertson to go to Outlook 1082 on 3/29/01 from 1-2 p.m.

	Magdelena Cruz
	03/19/2001 08:08 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Class Request: Outlook-1082 Outlook,  Janette Elbertson

Your approval is required for Janette Elbertson to attend the following class.
To grant approval, send a reply to "magdelena.cruz@enron.com" (NotesMail:
Magdelena Cruz/HOU/ECT).
  Be sure to include employee's name and class number in reply.

Outlook
Session Dates & Times:
  03/29/2001  1:00:00 PM-2:00:00 PM
Location: EB572
No Show/Participant Fee: $ 18.00

If you have any questions, please call the Technology Training Coordinator at
713-853-1816.


They need to go back to Div IAA.  There currently children in a man's world.


Your mailbox has exceeded one or more size limits set by your administrator.
Your mailbox size is 112347 KB.
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You must empty the Deleted Items folder after deleting items or the space will not be freed.
See client Help for more information.


kate,

apparently tfs has left without checking out.  just wanted to let you know.

thanks!

kerri


The following report is comprised of what was discussed at the Commission
meeting held tonight at approximately 7 PM EST and additional intelligence
gathered from FERC staffers after the meeting by Joe Hartsoe:

Physical Withholding -- To prevent physical withholding, the plan will
require sellers with PGA's to offer all their available power in real time.
All California generators, even those not subject to FERC price regulation,
will be required to sell into the ISO's real time market as a condition of
their use of the ISO's interstate transmission lines. Hydroelectric
facilities will be exempted. (24-7 for 1yr)

Price Mitigation -  The plan will establish a single market clearing price
auction for the real time market.  During Stage 1, 2 and 3 emergencies in the
ISO's real time market, each generator (other than hydro) with a
participating generator agreement is required to offer all available power
and bid its marginal cost based on the generator's heat curve, emission
rates, gas costs and emission costs, plus $2 for O&M.  The gas cost will be
the average daily cost of gas for all delivery points in California;
emissions are to be based on Cammon Fitzgerald(?).  The gas cost and
emissions will be published the day after, for use on the following day.  A
single market clearing price is determined in real time for all generators.
Highest bid sets the clearing price.  Each gas fired generator must file with
FERC and the ISO, on a confidential basis, heat and emission rates for each
generating unit.  The ISO will use these rates to calculate a marginal cost
for each generator, including maintenance and operating costs.  In the event
a generator submits a bid higher than the proxy price, the generator must,
within 7 days of the end of each month, file a report with FERC and the ISO
justifying its price.  FERC has 60 days to review/act.  No opportunity costs
in real time.  Marketers are in the same boat, as they must be prepared to
justify bid at purchased cost based on specific purchases or portfolio with
no opportunity cost.  However, credit sleeves are permissible.

Demand Response - Beginning June 1, only public utility load serving entities
must submit demand side bids to curtail load and identify the load to be
curtailed under those bids.  FERC is attempting to break the demand curve.
(24-7)

Outages -- PGA generators will coordinate planned outages and report forced
outages in accordance with the Commission Staff proposal adopted by FERC.

Term - Order expires one year from date of issuance.

RTO Filing - California ISO and two Utilities must make RTO filing by June 1
or Order lapses with no further effect.

ISO Reporting - On September 14, 2001, ISO must file a status report on how
things are working and how much generation has been built.  Comments are due
in 15 days.  Quarterly reports thereafter.

Revocation of Market Based Rate Authority and Refunds - The market based rate
authority of all public utilities is conditioned on 1) no physical withhold
of capacity, and 2) no inappropriate bidding behavior.  Inappropriate bidding
behavior includes bidding unrelated to known characteristics of the
generation unit or without an input cost basis or bidding not based on unit
behavior.  An increased bid based on increased demand could apparently be
inappropriate.  In addition, "hockey stick" bids are expressly prohibited
(i.e.  bidding 95% at marginal cost and 5% at a much higher level).

Limited 206 filing - Applies to sales in the WSCC, outside California.
Refund conditions apply in real time spot markets when contingency within a
control area falls below 7%.  Control areas are not required to publish when
this condition occurs.  Apparently anything over marginal cost must be
justified.  All marketers and non-hydroelectric generators must offer to sell
contractually and physically available capacity/energy to a location within
WSCC.  FERC is attempting to mirror the rules applied in California.
Comments are due in 10 days on the 206 investigations.  The refund effective
date is 60 days from publication of the Order.

Nox Limits in California --  Must sell requirements do not apply if a unit is
prohibited from running by law.  However, it appears that incurring fines
does not overcome the must sell requirement- just include the fines as part
of the price bid.  Also if Nox is limited, may seek to show that generation
would have been sold elsewhere or at different times for determining price.

Surcharge to pay past amount due -- Comments are due in 30 days on 1) whether
FERC should require the ISO to surcharge parties for payment into an escrow
account to pay past costs and 2) the effect this surcharge would have on the
PG&E bankruptcy filing.

No mention was made at the meeting as to issue of exports of power from
California.  The Order is not finally drafted as of yet, and the status of
the foregoing items could change upon issuance of the Final Order.  We will
keep you posted.

RA


Just testing to make sure that this e-mail went through!  Talk to you soon.
Ben


Steve, I just completed the MBA for Executives at Rice.  If I can help you in
any way, please let me know.  Regards, Kyle

---------------------- Forwarded by Kyle Roblee/HOU/EES on 06/02/2000 09:44
AM ---------------------------
 Office of the Chairman
From: Office of the Chairman@ENRON on 06/01/2000 05:27 PM
To: All Enron Worldwide
cc:
Subject: Associate & Analyst Programs (Enron-wide email)

Please click on the below link to access a message from the Office of the
Chairman.

http://home.enron.com:84/messaging/otc1.doc


A copy of this has been sent to cash committee for review tomorrow.

Stuart

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Tuesday, January 15, 2002 6:30 PM
To:	Schneider, Chip
Cc:	Sewell, Doug
Subject:	Cash Request for Trunkline


Cheryl,
Here is a preliminary November purchase with estimated volumes.  Crestone should have final numbers next week.  I don't expect them to change much.

Please call me if you have any questions.

Thanks,
Theresa
(303) 575-6485


Sara

Further to my voicemail I would be grateful if you could have the attached
ISDA Schedule bound into an ISDA Master Agreement and have Jeff signed on
behalf of ENA.

Four originals should be forwarded by courier to Ed Newman at the address
below.  Prior to forwarding by courier a the cover and signatory pages
together with the Schedule should be faxed to Ed at the fax number below.

Ed Newman
Legal Counsel
Financial Security Assurance Inc.
350 park Avenue
New York, NY 10022

Tel. 212-826-0100
Fax. 212-3390828

This transaction is to close tomorrow.

Many tks for your help with this.

If you have any questions please feel free to contact me on my mobile
+447733001094

Denis


A meeting has been scheduled for 3:30 PM in EB1336 for today, December 10th, to discuss contracts and administrative solution to assure electric bills are paid and compressor continue to operate.  Charlie, we will call you in your office.  If others in Omaha want to participate please gather in Charlie's office.

Thanks,
James


Attached is a suggested form of opinion.  Let me know if you have any
questions.  Sara


experience ENRON maintains a presentation library with the latest and
greatest business unit presentation overviews.

To see the latest and greatest, go to http://experience.enron.com
click on
Look
Sample Materials
Presentations
Power Point Presentations

Call Carrie Rob,rt 3-3522or Courtney Votaw 3-9390 if you have questions.


My understanding is that the transportation and shipping business is all
being done physically right now.  Our plan was to get Cheryl involved with
the derivatives contracts first.  Since there is so much more written about
them and more of an industry consensus as to what they should look like, we
thought it would be easier for her to learn the ropes in this area.

	Mark E Haedicke
	12/20/2000 03:59 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Organizational Announcement

Mark:  Should we get Cheryl Nelson to start getting up to speed on some of
the transportation and shipping issues?  Let me know.

Mark Haedicke
----- Forwarded by Mark E Haedicke/HOU/ECT on 12/20/2000 03:56 PM -----

	Enron Global Markets LLC - Office of the Chairman@ENRON
	Sent by: Enron Announcements@ENRON
	12/18/2000 09:21 PM

		 To: Enron Wholesale Services
		 cc:
		 Subject: Organizational Announcement
   Enron Global Markets LLC - Office of the Chairman

Enron Global Markets (EGM) has made numerous organizational changes as its
businesses continue to grow and expand around the world.  We are pleased to
announce the following changes within EGM.

Financial Trading
The Convertible Arbitrage desk has moved from EnronCredit.com to the
Financial Trading group under Gary Hickerson.  Mike Bradley will manage the
desk.

Billy Lemmons has joined Gary Hickerson's group from EIM.  He is exploring
the agriculture value chain and origination opportunities.

Transportation and Shipping
Dan Reck will be transitioning out of the coal group and will be exploring
our rail and trucking initiatives.  These markets together represent
approximately $105 billion notionally, and we believe there are many
synergies between our energy, coal, and freight trading businesses.

Enron is currently trading dry-freight through EOL and is a leading market
maker in this new product. The shipping business is growing very quickly.  We
have asked Pierre Aury and Scott Montcrief to co-lead our worldwide vessel
trading businesses.  Scott will be responsible for all liquids vessel
businesses and Pierre will manage all dry vessel businesses.  The LNG vessel
business currently managed by Wayne Perry will remain in the LNG group, but
will also report to and coordinate with Pierre and Scott.

Weather
Our worldwide weather operations will continue to report to Mark Tawney in
Houston.  This business, which includes trading weather products in 10
countries and 40 states in the U.S., is also rapidly expanding.  Mark will
have all V@R allocation responsibility between Sydney, Tokyo, Oslo, and
Houston.  In addition we will be forming a weather-marketing desk in London.

Crude and Products
Bill White will be coming over from EBS and will have responsibility for all
U.S. financial crude trading.  Don Schroeder will continue to have oversight
and lead our physical crude business.  Mario De La Ossa has joined EGM from
Equiva and will manage our product options book.

Doug Leach will be expanding his fuel management and origination role.  He
will report directly to John Nowlan.

Finance and Structuring
Andrew Makk has joined the finance team from the Middle East group.  Most
recently he has been working on the Gaza project.

Jim Lewis has also joined this team. His last assignment was leading the
structuring group for CALME.

Both Andrew and Jim will report to Larry Lawyer.

Corporate Development
Mark Wadlington has joined the EGM team and will be managing this activity
and co-ordinating with all Enron Corp. He reports to Tim Detmering with
accountability to the office of the chairman of EGM.

Operations and Accounting
Todd Hall has expanded his role as Business Controller and will have
responsibility for coal and weather.

Mike Perun has joined Enron from the banking industry and is responsible for
Controls & Standards.  He will focus on EGM,s operational and accounting
processes on a global basis.  He reports to Brent Price.

The Ecoelectrica power plant in Puerto Rico will move reporting
responsibility into the Enron Global Assets group.  Greg Curran, who is
responsible for all the activities in Puerto Rico, will report to that group
on all Ecoelectrica business and to Enron Global Markets on the remaining
businesses.

Please join us in congratulating everyone in their new roles.


To Market Participants:

At the Market Issues Forum yesterday, Jeanne Sole led the presentation on
Distributed Generation, presenting the initial ISO thinking based on recent
proceedings and feedback from participants.   In the context of the CPUC
proceeding on distributed generation, the ISO has identified ISO
requirements that should be clarified or revised to accommodate distributed
generation.    The ISO has scheduled a meeting on August 31 , in Folsom,
from 10:30 AM -3 PM  to discuss its initial ideas on
clarifications/revisions. The ISO invites entities interested in discussing
these ideas and other ideas related to distributed generation to attend.  It
is our schedule now to take this issue to the Governing Board in October.

The ISO will distribute information on its initial ideas along with more
information on the location of the meeting by Friday August 18.

Don Fuller

Director, Client Relations


This deal has been changed to reflect beginning of Daylight Savings Time -
now has total of 95,100 MW - down from 95,200.

Thanks,
Kate


This is the list of projects for the members of the "quant" team.
If you are working on different project, please, ignore this message.

Please, develop in a spreadsheet solutions/examples for the following:

1. Black-Scholes formula
2. Black's formula
3. Develop a spreadsheet to simulate price trajectory using:
	a. GBM
	b. GBM + jump (Formula 2.16 in the book, Figure 2.7)
	c. Mean reversion + jump (Formula 2.17, Figure 2.8)
4. Schwartz Single Factor Model (Formula 6.12)
5. Develop models corresponding to the Figures 7.1, 7.3, 7.5, 7.6, 7.8

Vince


NETWORK WORLD NEWSLETTER: JEB BOLDING
on APPLICATION SERVICE PROVIDERS
10/17/01 - Today's focus: Relera pulls out of MSP market

Dear Wincenty Kaminski,

In this issue:

* Another managed service provider exits market
* Links related to ASPs
* Featured reader resource

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Register NOW at http://www.networkworld.com/go/go24.jsp

_______________________________________________________________
Today's focus: Relera pulls out of MSP market

By Jeb Bolding

It didn't make headline news in the Wall Street Journal, but
about a month ago, Relera, a hosted service provider in the
second-tier marketplaces, said it was getting out of the
managed services business and laid off about 83% of its
workforce. No doubt, the company is headed the same direction
as Exodus.

I know Relera, which now plans to offer customers space in its
data centers, is joining an esteemed group of failed Internet
businesses in the class of 2000-2001, but I felt this one
particularly hard. Part of the reason is that Relera is located
here in Denver, so the company is more part of my landscape
than the firms in Silicon Valley, where I left a few years
back.

Relera's collapse as a managed service provider is tough
because I'd spent some time visiting the company and got to
know several of the people working there. I toured its brand,
spanking 50,000 sq. ft. data center located just south of
Denver. I'd been to the data centers of Exodus and Level 3, but
the Relera facility was absolutely incredible. It boasted two
substations, state-of-the-art security mantraps, the whole
works - but it was also empty. No, strike that, it had one 6x6
cage filled with hardware.

Another reason, and the most important one that makes Relera's
failure seem so heavy to me, is that I actually bought into its
business model. Relera's argument was that it was not going to
go after dot-coms, which were dropping like flies at the same
time Relera was opening its data centers. Nor was it going to
target the top-tier cities in the world like London, Paris, New
York, and San Jose, where they are saturated by the likes of
Exodus, Level 3 and Abovenet. Instead, it was going to focus on
selling facilities space to enterprises that were interested in
developing e-business systems or collocating their internal
infrastructure. Relera was targeting these enterprises in
second tier cities such as Memphis, St. Louis, Denver, and Salt
Lake City.

It all seemed like a pretty good idea. In fact, it still seems
like a good business plan, even with the excess capacity that
the failure of some service providers, such as Exodus, and the
disappearance of startups that were potential customers, are
causing. Most of that excess is in the top-tier cities while
the second and third tier cities are still strapped for local
data center space.

However, one thing I didn't know, though I should have guessed,
was how much money Relera had spent on opening up these state-
of-the-art collocation facilities. I suspect that the tens of
millions of dollars Relera spent upfront, and the subsequent
operational costs, killed it before it really had a chance to
test its business model and target market.

This situation reminded me of something in my past. When I used
to move antique furniture, we'd inevitably break off a leg or
damage a table edge because of dry-rot in the furniture. To
this day, I will not sit on antique French chairs - give me a
good ol' 18th century, boring English country furniture any day.
When we did break something, our common mantra was "good
enough for government work." I did work at the Voice of
America so I don't feel too bad in saying something like that.

The point is, and the lesson for Relera is, that sometimes just
good enough is good enough. If it'd taken a few shortcuts in
its data center implementations, and not tried to bowl
prospective customers over with the complexity and obvious cost
of its systems, it might have lasted long enough to really test
out a business model that I think had a reasonable chance to
succeed.

_______________________________________________________________
To contact Jeb Bolding:

Jeb Bolding is senior consultant with Enterprise Management
Associates in Boulder, Colo., an analyst and market research
firm focusing exclusively on enterprise management. Bolding has
10 years of experience in the network systems industry, most
recently with eCollege.com, an ASP for higher education, where
he was director of product development. He can be reached at
mailto:jbolding@enterprisemanagement.com.
_______________________________________________________________
RELATED EDITORIAL LINKS

Relera
http://www.relera.com/

Network World info on Exodus
http://www.nwfusion.com/news/financial/exodus.html

Breaking ASP news from Network World, updated daily:
http://www.nwfusion.com/topics/asp.html

Archive of the ASP newsletter:
http://www.nwfusion.com/newsletters/asp/index.html
______________________________________________________________
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------------------------
This message was sent to:  vkamins@enron.com


um, are you serious about the cat thing because now i'm a little disgusted...

-----Original Message-----
From: Laurel Hazzard [mailto:lhazzard@firstam.com]
Sent: Wednesday, October 31, 2001 10:50 AM
To: Smith, Matt
Subject: RE:

yes, you were a little intoxicated when we spoke last night, but you were
sweet.  That is kind of creepy that it is a full moon on Halloween.  I need
to keep my cat inside because people steal cats on Halloween and skin them.
Well buck up little camper, in the scope of everything, things really aren't
that bad.  You could have to have life altering surgury.  Since this thing
with my family, it really has put a lot of things into perspective.  I hope
you feel better.  Call me later.

Love,
Laurel

-----Original Message-----
From: Smith, Matt [mailto:Matt.Smith@ENRON.com]
Sent: Wednesday, October 31, 2001 8:39 AM
To: Laurel Hazzard
Subject: RE:

i feel a little awful...plus i'm tired.  I hope you weren't looking
forward to speaking with a sober Mat yesterday.  i don't think i was
that drunk, but who knows.  plus, i must be allergic to something
because i can't stop sneezing.  oh, my life just sucks these days...j/k.
anyway, are you looking forward to tonight...especially with a nice full
moon...make sure to look out for the goblins...

-----Original Message-----
From: Laurel Hazzard [mailto:lhazzard@firstam.com]
Sent: Wednesday, October 31, 2001 10:28 AM
To: Smith, Matt
Subject:

Happy Halloween!

How are you feeling this morning?  I know you love email correspondence,
so
you'll be sure to write back.

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


Per my meetings with Credit and further research, I am making the following
changes to the financial counterparty approval list.  Credit/Mark, let me
know if you disagree with any of my changes.

List #1

1.  AES Power Inc.:  no master in place, changing to "yes" , approved for
financial trading
2.  CXY Energy Marketing (USA) Inc.:  no master in place, changing to "yes",
approved for financial trading
3.  DTE Energy Trading, Inc.:  no master in place, changing to "yes",
approved for financial trading
4.  Duke Energy NGL Services, Inc.:  no master in place, changing to "yes",
approved for financial trading

List #2

1.  AES Corporation:  no master in place, changing to "yes", approved for
financial trading
2.  Cascade Natural Gas Co.:  no master in place, changing to "no", not
approved for financial trading
3.  Equitable Power Services Company:  no master in place, changing to "yes",
approved for financial trading
4.  ICC Energy Corporation:  no master in place, changing to "yes", approved
for financial trading
5.  Montana Power Trading & Marketing Company:  no master in place, changing
to "yes", approved for financial trading
6.  PSEG Energy Technologies, Inc.:  no master in place, changing to "yes",
approved for financial trading
7.  Tenaska Power Services Co.:  no master in place, changing to "yes",
approved for financial trading
8.  The American Coal Company:  no master in place, changing to "yes",
approved for financial trading
9.  Thermo Cogeneration Partnership:  no master in place, changing to "yes",
approved for financial trading
10.  TransCanada Pipelines Limited:  no master in place, changing to "no",
not approved for financial trading
11.  Unitil Resources Inc.:  no master in place, changing to "yes", approved
for financial trading
12.  Washington Gas Energy Services, Inc.:  no master in place, changing to
"yes", approved for financial trading

List #3

1.  AGIP Petroleum Company:  no master in place, changing to "yes", approved
for financial trading
2.  Ball Corporation:  no master in place, changing to "yes", approved for
financial trading
3.  Bank of America International Limited:  no master in place, changing to
"yes", approved for financial trading
4.  Comstock Resources Inc.:  no master in place, changing to "yes", approved
for financial trading
5.  Cyprus Amax Coal Company:  no master in place, changing to "yes",
approved for financial trading
6.  Heritage Gas Services, LLC:  no master in place, changing to "yes",
approved for financial trading
7.  Ormet Corporation:  no master in place, changing to "yes", approved for
financial trading
8.  Swift Energy Company:  no master in place, changing to "yes", approved
for financial trading

Bob, there are a few others I am still re-reviewing, I will get back to you
as soon as I resolve/answer my questions.


Kate, TFS shows this trade where we bought at $132 and we show $135. Could
you check with Mike?

KI


KERN RIVER AMENDS 2002 EXPANSION; DISPUTE FLAIRS OVER DISPOSITION OF CAPACITY
AT WHEELER RIDGE
Kern River Gas Transmission (CP01-31) recently amended its 11/15/00
application for authority to construct and operate facilities (2002 Expansion
Project) to serve new and existing powerplants in California as of 5/1/02.
Because the 2002 Expansion now incorporates most of the facilities to be
installed for the short-term California Action Project (CP01-106), Kern River
needs only an additional 10,500 dth/d from Wyoming to California. The 10,500
dth/d plus 114,000 dth/d expiring on 5/1/02 for California Action shippers
will create 124,500 dth/d needed by all 2002 Expansion shippers. However, the
revised design includes the continuation of 21,000 dth/d of capacity - at the
Wheeler Ridge delivery point where Kern River interconnects with Southern
California Gas Co. (SoCalGas) - available to California Action shippers
through 5/1/03, at which time Kern River will incorporate the 21,000 dth/d
into its 2003 Expansion Project. In its April order certificating the
expedited California Action Project, FERC also directed Kern River to seek
explicit authority to reserve excess capacity for planned future expansions.
Kern River (RP01-411) complied with a tariff filing which triggered a protest
from the Firm Customers.  The Firm Customers 1 claim that Wheeler Ridge is
significantly constrained, and Kern River should not be able to reserve
capacity especially at that point until all existing firm shippers with
primary delivery point rights are reliably served.  In the most recent
development, on June 4, Kern River answered that &it is not responsible8 for
problems downstream of Wheeler Ridge.

California Action Project (CP01-106). FERC granted Kern River a certificate
on April 6 to provide up to 135,000 Mcf/d of limited-term, incremental
capacity from Wyoming to California as of July 1 to address the urgent need
for additional energy. In the order, the Commission recognized that upgrading
the meter station at Wheeler Ridge would create &some excess capacity8 and
that Kern River planned to reserve that capacity for its 2003 Expansion.
While the reservation of capacity was not precluded under its existing
tariff, Kern River told FERC that it would file for explicit authority to
reserve capacity under the current circumstances.  Noting that such capacity
would be available for interruptible and secondary firm deliveries between
the in-service dates of the California Action and the 2003 Expansion, the
Commission directedKern River to file a tariff provision within 30 days. In a
request for rehearing filed May 7, the Firm Customers challenged FERC,s
assumption that there will be &some excess capacity8 at Wheeler Ridge. They
cited evidence indicating that Wheeler Ridge is already constrained,
resulting in &significant8 scheduling cuts (e.g., firm nominations cut 50% in
May). They insisted that expansion shippers should not have primary point
access at Wheeler Ridge. In the alternative, expansion shippers should not
enjoy the same level of firm service as existing shippers. This line of
argument was challenged by Kern River and expansion shipper Mirant Americas
Energy Marketing LLC, who urged FERC to deny rehearing.

Capacity Reservation Proposal (RP01-411). On May 7, Kern River filed a
revised tariff sheet, the Firm Customers filed a protest, and Kern River
answered. While they support expansion of Kern River into California, the
Firm Customers fear that the proposed tariff language &is not sufficiently
conditioned toprevent Kern River from reserving (i.e., withholding) or
reselling capacity on an interim basis where there is no excess capacity to
reserve or resell.8 They are particularly concerned that Kern River may be
able to withhold capacity, and/or sell incremental capacity on an interim
basis, at Wheeler Ridge. The proposal &would permit Kern River to reserve
what it does not have (i.e., +excess capacity,) and to recapture what it has
already sold (i.e., primary firm capacity held by existing Firm Customers)
for sale to others.8 This violates the Commission's regulations and is
&contrary to every notion of due process, fairness, and the sanctity of
contracts,8 they said. As in their request for rehearing of the California
Action order, the Customers cited evidence of &significant8 scheduling cuts
at Wheeler Ridge. &Kern River should not be allowed to reserve (or sell)
capacity at the Wheeler Ridge point until there is excess primary delivery
point capacity at that point and sufficient downstream take-away capacity
such that existing firm shippers, scheduling nominations for primary points
are not cut,8 they said. Accordingly, they urged the Commission to reject the
tariff filing to the extent that it allows reservation or interim sale of
capacity at Wheeler Ridge; and to clarify that Kern River is not allowed to
withhold excess capacity at any point on its system &when there are shippers
that are willing to pay maximum tariff rates for such capacity under
long-term contracts.8  The Firm Customers failed to seek rehearing expressly
on FERC,s directive about Wheeler Ridge, shot back Kern River. The attempt to
get FERC &to disallow in this docket what the Commission recognized and
allowed in [CP01-106] is inappropriate,8 the company said.  In any case, the
&essence8 of their position was already set forth in the rehearing request.
As before, the Firm Customers &disregard the fact that Kern River is not
responsible for the market problems downstream of its Wheeler Ridge delivery
point,8 but only for &reliably meeting its commitment to provide firm
transportation deliveries8 to that point. It has reliably delivered all
quantities scheduled by SoCalGas for take-away and has the capacity to
deliver volumes up to the level of its firm contract obligations.  Moreover,
a prohibition on reservation of capacity at Wheeler Ridge would change the
facility design of the 2003 Expansion which, in turn, could delay a new
certificate filing beyond August 1 and the in-service date of the 2003
Expansion beyond 5/1/03. It could also could cause overbuilding of expansion
capacity and increase costs for both new and existing shippers.

Amended 2002 Expansion (CP01-31). In the original application filed 11/15/00,
Kern River proposed to provide up to 124,500 dth/d of new, firm, long-term
contract demand as of 5/1/02. The amendment, filed May 11, proposes to
install an additional unit at Kern River,s Muddy Creek Compressor Station in
Lincoln County, Wyoming; a new unit at its Daggett Compressor Station in San
Bernardino County, California; and an upgrade of its Opal Meter Station in
Lincoln County, Wyoming. These facilities will cost approximately $31.4
million. A pro rata share (124.5 dth/d out of 145.5 dth/d) of California
Action costs will be allocated to the 2002 Expansion. Kern River renewed its
request for a predetermination of rolled-in rate treatment for the 2002
Expansion since the billing determinants (124,500 dth/d) will reduce existing
rates by 6%-7%, offset in part by higher compressor fuel costs and electric
compressor costs.  To ensure recovery of actual costs from shippers flowing
gas through Daggett (excluding California Action shippers subject to a
separate, incremental fuel in-kind reimbursement obligation), Kern River
still sought FERC approval of a pro forma tariff provision establishing an
electric compressor fuel surcharge.  However, the initial surcharge now
proposed is $0.0099 per dth of gas flow through the station, based on updated
gas volumes and electricity costs. Kern River asked the Commission to act by
August so construction can begin at Muddy Creek by September 1, before the
onset of winter in Wyoming.


Hello,

Here are the speaking points and agenda for the meeting today.  Each person
speaking has received a copy.  Please let me know if you have any questions,
MSA


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/26/2001
10:03 AM ---------------------------
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Current Gas Desk List

Hope this helps!  This is the current gas desk list that I have in my
personal address book.  Call me with any questions.

Erika
GROUP: East Desk

Basics:
Group name:	East Desk
Group type:	Multi-purpose
Description:
Members:	Matthew B Fleming/HOU/EES
James R Barker/HOU/EES
Barend VanderHorst/HOU/EES
Jay Blaine/HOU/EES
Paul Tate/HOU/EES
Alain Diza/HOU/EES
Rhonda Smith/HOU/EES
Christina Bangle/HOU/EES
Sherry Pendegraft/HOU/EES
Marde L Driscoll/HOU/EES
Daniel Salinas/HOU/EES
Sharon Hausinger/HOU/EES
Joshua Bray/HOU/EES
James Wiltfong/HOU/EES

Owners:	Erika Dupre/HOU/EES
Administrators:	Erika Dupre/HOU/EES
Foreign directory sync allowed:	Yes

GROUP: West Desk

Basics:
Group name:	West Desk
Group type:	Multi-purpose
Description:
Members:	Jesus Guerra/HOU/EES
Monica Roberts/HOU/EES
Laura R Arnold/HOU/EES
Amanda Boettcher/HOU/EES
C Kyle Griffin/HOU/EES
Jess Hewitt/HOU/EES
Artemio Muniz/HOU/EES
Eugene Zeitz/HOU/EES
Brandon Whittaker/HOU/EES
Roland Aguilar/HOU/EES
Ruby Robinson/HOU/EES
Roger Reynolds/HOU/EES
David Coolidge/HOU/EES
Joseph Des Champs/HOU/EES
Kristann Shireman/HOU/EES

Owners:	Erika Dupre/HOU/EES
Administrators:	Erika Dupre/HOU/EES
Foreign directory sync allowed:	Yes


This is the latest version of a presentation Jan and Mike are working on for
Anthony Duenner's off-site next week.  They give a good overview of
regulatory issues in the region.  Also, Jan, Mike and I have a call scheduled
for 7:30 Thursday morning to go over these in more detail.  You're welcome to
join us if your schedule permits.

Sue Nord, Sr. Director
Government Affairs
713 345-4196

----- Forwarded by Sue Nord/NA/Enron on 04/21/2001 04:51 PM -----

	Jan Haizmann@ECT
	04/20/2001 10:53 AM

		 To: Choon-Boon Heng/SIN/ECT@ECT
		 cc: Michael Grimes/AP/Enron@Enron, Appolina Dragon/SIN/ECT@ECT, Sue
Nord/NA/Enron@Enron, Anthony Duenner/Enron Communications@Enron
Communications, Michelle Hicks/Enron Communications@Enron Communications
		 Subject: Regulatory Slides for the off-site version of 21 April

Choon-Boon,

Please find enclosed the result of our common effort.
Mike an I will share the presentation on regulatory affairs.

Mike:
I tried to put most of your latest stuff in this version and I trust you are
fine with it.
If not, please let Appolina know by Monday, midday. I will have no more input
although I think Taiwan would need some more attention.

Appol:   If there is nothing more coming from Mike, could you please print
them out  (20 issues) and put them in binders ?
Thanks.

Jan D. Haizmann
Enron Broadband Services
40 Grosvenor Place Enron House
London SW1X 7EN
Telephone: +44 (0) 207 783 4474
Fax: +44 (0) 207 783 1045


Chris Gaskill asked me to forward all of you basic gas reports.

For those of you who have a natural gas background, most of the information
may be basic.  For those of you who are unfamiliar, the below reading
material should afford a good overview of where the  gas market has been,
where it is headed and what the fundamental of the natural gas market are.
If you have any questions, you can contact Chris Gaskill.  If you'd like more
reading material, you can also let me know :)  If you have any questions
regarding the group, feel free to contact me.  I will be in NY for the next
two weeks but I can be reached via email or cell (713)628-8395.

          Mog


Start Date: 4/9/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040914.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/9/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_OZZY
  ENGY_TYPE: FIRM


FYI
---------------------- Forwarded by Mitchell Taylor/Corp/Enron on
03/21/2000 05:49 PM ---------------------------

Francisco Pinto Leite@ENRON_DEVELOPMENT
03/21/2000 05:38 PM

To:   Amit Walia@ECT
cc:   Mitchell Taylor/Corp/Enron@ENRON, fsayre@ei.enron.com, Randy
      Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:  Confidential

Apparently our local counsel in Puerto Rico had a small "change of heart"
as to the transfer restrictions for San Juan Gas, Procaribe and Progasco.
Although the statute does not contain a change of control provision with
respect to the licenses, it appears that after carefully looking into this
issue, local counsel found out that the Puerto Rican authorities are taking
a very aggressive approach with respect to transfers of control of holders
of licenses.  Apparently the Puerto Rican authorities argue that the spirit
of the statute is to extend the requirement of prior authorization for
transfers of the licenses, to a change of control of the operator.  In his
response to Bill Weiland from V&E he advised that it would be more prudent
to request permission to change control of the company that holds the
license.

FPL


Im bored


Lenos

I'd like to give a talk entitled "Diagrammatic Representation of Real Options
in Enron", in which I will give a brief run-down of a diagrammatic technique
I have developed for representing real option deals.  My notation allows
originators, managers and quants to communicate unambiguously, while still
appreciating the complexity and subtlety of real optionality.  I have defined
a "diagrammatic grammar" which guarantees that the pricing of the deal
follows immediately and automatically from the diagram.

I propose to introduce the symbols and grammar, then go on to present some
suitable examples of diagrams.  If appropriate I'll talk about the links with
dynamic programming.  (I will need some guidance as to how much technical
detail I can go into based on the audience.)

All the best,
Steve

	Enron Capital & Trade Resources Corp.

	From:  Lenos Trigeorgis <lenos@ucy.ac.cy>
04/20/2000 08:45 PM

To: "Steven Leppard" <Steven.Leppard@enron.com>
cc: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>

Subject: Re: Real options conference in Cambridge

Steve

thanks for agreeing to talk. I attach the program to see the other speakers
and style (it is addressed to a professional autience)

Please give me a suitable title for the talk (replacing Kaminski%s slot on
July 6/Energy session) and the details of your position

Thanks

Lenos

At 05:01 __ 04/20/00 +0100, Steven Leppard wrote:
>
>
>Dear Prof Trigeorgis
>
>Vince Kaminski has suggested that I would be a suitable speaker at your July
>conference in Cambridge, and I'd be happy to come along if required.  Please
>could you send me appropriate details, and the audience type expected.
>
>Many thanks.
>
>Yours sincerely,
>Steve Leppard
>
>
>
>
 - 4thconfsessions.doc

Lenos Trigeorgis
Professor of Finance
University of Cyprus
Dept of Business
75 Kallipoleos, PO Box 20537
CY 1678 Nicosia CYPRUS

Tel: +357 2 892261
Fax:        339063


Mike Swerzbin said okay to off-peak on these deals. They've been changed.

Thanks,
Kate


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Ex-Students' Association News
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__________________________________________________________
UT AUSTIN CHALLENGES NATIONAL UNIVERSITIES TO INCREASE
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On Wednesday, Sept. 13, The University of Texas at Austin will kick-off
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UT ANNOUNCES $300,000 SCHOLARSHIP DONATION FROM
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CELEBRATION OF UT AUSTIN'S 117th BIRTHDAY BEGINS FRIDAY
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A giant Texas flag will be unfurled from the Main Building balcony on the
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For the UT/Texas Tech game, The Ex-Students' Association will host a
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The Moonlight Prowl is a nighttime tour of the campus filled with
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Bob,

Can you, please take a look at this problem.
I shall call you on Monday about it.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
04:55 PM ---------------------------

	Enron North America Corp.

	From:  John Goodpasture @ ENRON                           09/08/2000 03:59 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Dwight Larson/Corp/Enron@ENRON, James Prentice/GPGFIN/Enron@ENRON
Subject: Clean Fuels - GPG business segment

Dwight and I are working to develop an updated valuation for the MTBE and
methanol business segments.  We would appreciate assistance from your group
in assessing the market over the next 3-4 years.

With the octane shortage this summer, and the strong gas and oil price
environment, MTBE prices are well above budgeted levels.  How will
political/environmental issues affect MTBE prices over the next few years.

Methanol prices are also now very favorable, but it would seem that North
American methanol producers will be disadvantaged if gas prices in NA remain
higher than the rest of the world.

Your thoughts on these and any other factors affecting prices would be most
helpful.  Both Dwight and I are available to meet with you or a member of
your group as soon as convenient.

Thanks, sorry we missed you today.

JNG


This is a summary I prepared in the form of a briefing paper for use by our
legislative team.  Thought you might find it useful.  Ray


Richard,
 I just got off the phone with Nancy Pickover, a Bracewell paralegal,
who obtained for us the CPUC filing with FERC.  She is sending the 500 page
document overnight to me and to you Richard.  I will get a copy to Mike Day.
She is faxing the 16 page pleading and one of the exhibits immediately.  In
essence AES, Williams, Duke, Dynegy, Reliant and Southern are the named
entities.  As soon as we have more I will let you know.

Thanks
Gary

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-----Original Message-----
From: 	Kaminski, Vince J
Sent:	Friday, January 04, 2002 3:18 PM
To:	Williams, Robert
Cc:	Kaminski, Vince J; LJM Litigation
Subject:	SEC depostion

Bob,

I am writing to you to confirm my voice-mail message regarding the SEC deposition.
I decided that I don't really  need a counsel to assist me at my deposition before
the Commission. I may retain a lawyer of my own choice to give me general
advice about the procedures and I shall send you the bill for reimbursement
of expenses.

My decision should not be interpreted as a statement about Mr. Levy's qualifications.
I found him to be an exceptionally competent lawyer. My only regret is that I shall not be given
an opportunity to spend more time with him and learn from his experience.

You may recall that  I have indicated to you a few weeks ago that my intention was to waive my
right to a counsel.  This was before I had the pleasure to meet Mr. Levy in person.

I am sending you the copy of my fax to the SEC as an attachment to a separate message.

Vince


---------------------- Forwarded by Robert Hemstock/CAL/ECT on 11/15/2000
03:22 PM ---------------------------

	From:  Robert Hemstock                           11/09/2000 01:04 PM

To: rmichaels@fullerton.edu
cc:
Subject: Keynote Speaker: IPPSA 7th Annual Conference

Professor Michaels,

Further to the voicemail message I left for you today regarding speaking
early next year at the IPPSA Conference in Banff, Alberta the details are:

Topic: The California Experience - Lessons that Alberta Can Learn From (or
something like this title - although I was unable to open the presentation on
your website entitled" "California's Electrical Disaster and the Furture of
Competitive Power" I would expect based on this title that much of what is in
that presentation would be of interest to those attending the IPPSA
Conference.

Date: Monday March 19, 2001 13:00 - 13:30 (Conference is 2 full days - March
19-20, 2001)

Reimbursements: Travel (economy class) and one night at Rimrock Hotel.  Also
free conference registration (which includes meals during conference).

Deadline for presentation materials so they can be included in the conference
binder: February 28, 2001

Conference Information: the conference is held at the Rimrock Hotel in Banff,
Alberta and has been sold out the last three years.  It will attract about
400 delegates in 2001 from across Canada and the U.S. with the majority of
the delegates being generation developers, large consumers, marketers, and
policy makers from Western Canada. The speakers include a number of respected
academics/consultants from across North America, senior industry
representatives, senior government representatives, and senior
representatives from the Alberta Transmission Administrator and Power Pool of
Alberta.

I look forward to your reply.  My telephone number is (403) 974-6746.

Regards,

Rob Hemstock


>From: "Bill Glushko" <billglushko@hotmail.com>
>To: billglushko@hotmail.com
>CC: jfields@argentinc.com
>Subject: EOTT PL Tanks (compliance) database
>Date: Thu, 28 Jun 2001 17:11:35 -0500
>
>Latest tank list.
>99% complete, unless you request otherwise.
>
>Note that this list includes tanks that are still standing,
>regardless of whether they are inactive or permanently out of
>service.
>
>There are 8 sites which are affected by Texas annual inspection
>fees, with a cost of $58,000. (but possibly, after checking the
>tank strapping tables, might reduce to $51,000.) These fees would
>be due by 11/01 each year if the tank was operated during the
>previous Fiscal Year (Sep 1-Aug 31).
>
>The Teams told me that electric pumps are the norm at EOTT PL tank
>farms.  Crane has a Title V permit, but there were no combustion
>sources that would cause another site to exceed 100 TPY.
>
>The Texas tanks subject to NSPS K, Ka, or Kb are subject to an
>emissions fee, unless they are subject to an inspection fee and it
is >higher.
>
>In Texas, E&P facilities, crude oil and refined product pipelines, natural
>gas and LPG are regulated by the Railroad Commission.
>However, TNRCC has jurisdiction over the petroleum bulk stations.
>SIC code for a petroleum bulk station is 5171; for a crude pipeline
>is 4612. SIC 5171 either as a primary or secondary code is correct,
>and it generates a TNRCC inspection fee for 8 of the sites.
>Designating a 5171 code and/or paying an inspection fee will get the
>facility more attention from the state inspectors.  The need to document (2
>years recordkeeping required) tank seal inspections becomes critical.
>
>For TNRCC inspectors in south and east Texas, seal inspections
>on petroleum storage tanks with floating>roofs have been an item of
>interest for some time.  There is even a >requirement to notify the local
>environmental agency 30 days in >advance of refilling a floating roof tank
>or measuring the seal gap.  It is likely that >the EOTT stations have not
>been inspected because of the changes >in ownership, use of only 4612 SIC
>code, no TNRCC account number >assigned and no inspection/emissions fee
>paid.  But, sometime sooner than later, the inspector will come, and you
>want to be ready.
>
>Larry, I am very familiar with what is required with your crude
>stations and am finalizing a memo which will specify exactly what is
>needed. I recommend you move forward with the sugggested changes. With
>regard to the seal inspections... I can do them, or I can show you what
>you'll need for 100% compliance. Let me know.  Thanks!
- Bill Glushko 281 953-1014
>Argent
>
>

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 - EOTT PL Tks 6-27.xls


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