It has been my understanding that the first section is supposed to be for
master swap agreements only.  Having other documents listed in that section
may be misleading to some parties who may misconstrue their use for general
trading purposes, such as Global Contracts.  That is why we created the
"Other Agreements" section, to house these other agreements.  My
understanding isthat the only reason other agreements has been listed in the
Master Swap Agreements Section is that they have been done so erroneously.
The drop down were not created too artfully created, allowing wrong
agreements to be put in Master Swap Agreements, which has been
proliferating.  If my understanding is not correct, than when did the
intentional use of that first section change?  I think putting all agreement
is a very bad idea.

	Sara Shackleton
	03/14/01 05:35 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: JP Morgan Securities Inc. (Electronic Order)

Tana:  I think the agreement is listed in Section 1 (all agreements) which is
not just Master Swap Agreements.  It is also listed in the approprate Section
13 entry.
Hope you're enjoying Canada!

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

	Tana Jones
	03/14/2001 04:26 PM

		 To: Samantha Boyd/NA/Enron@Enron, Cheryl Nelson/NA/Enron@Enron
		 cc: (bcc: Sara Shackleton/HOU/ECT)
		 Subject: JP Morgan Securities Inc. (Electronic Order)

The above counterparty has been created in the Financial Trading Agreements
Database and is listed as a master swap agreement, and it's not.  It is an
Electronic Trading Agreement and needs to be moved down to "Other
Agreements".  Please let me know when that is done and I will delete the
entry in  the master swap agreement database.  Thanks!


FYI - I just reviewed the preliminary invoices for the global settlement contracts (8255, 20715, 20747, 20748, 20822, 20834, 20835, 21165, 21175, 25923, 25924, 26371, 26372, 26677, 26678) and the capacity release contracts (releasing and acquiring).  Everything looks good, including the necessary adjustments identified below.

If you need further assistance, please let me know.

Thanks,
Elizabeth

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Wednesday, February 27, 2002 8:29 AM
To:	Giambrone, Laura; Hernandez, Bert; McEvoy, Christine; Miller, Beverly; Miller, Christopher L; Minter, Tracy; Mulligan, Amy; Ward, Linda; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Watson, Kimberly; McConnell, Mark; Y'barbo, Paul; Buchanan, John
Cc:	Dietz, Rick; Lee, Dennis
Subject:	Transwestern Capacity Release Report for February 2002 Reservation Invoices

Attached is the file to be used for demand invoice verification for January 2002 capacity release transactions.  If you have any questions, please feel free to contact me.

FYI - Based on the flash invoices I generated last night for the capacity release transactions and global settlement contracts, please note the following:
ENA K #24924 Res - manual rate adjustment is needed for the 50/50 split of marketing fees for capacity released to Burlington
Conoco K #20748 Res - delete the Thoreau to E. Thoreau line item
Conoco K #20835 Comm - delete authorized overrun line items and roll volumes up to the commodity charge type
Texaco K #25923/25924 Comm - when verifying fuel rate of 4.5% between the lateral and mainline contract sched volumes, there is a ldifference that could not be attributed to rounding.  Need to verify if difference is caused by makeup volumes; and if delivery makeup scheduled, then invoice should be adjusted accordingly.

Please remember that the notes above are based on data as of 2/26/02.  I will review again on the 1st.

Schedulers -  Please provide a final copy of the delivery tolerance report to both me and Marketing so it can be determined if makeup will affect the rate to be charged [some contracts are based on calculations, especially when charging incremental fees for alternate point usage].

 << File: TW2002.02.XLS >>

Thanks,
Elizabeth
x3-6928


Folks,

John Stremel of APX asked me to forward this to you.  The content is
quite important.

gba

Return-Path: <jstremel@apx.com>
Received: from wizard.apx.com (wizard.apx.com [207.240.202.249]) by
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From: John Stremel <jstremel@apx.com>
To: "'foothill@lmi.net'" <foothill@lmi.net>
Cc: Lynn Fisher <lfisher@apx.com>
Subject: APX Congestion Management Solution
Date: Sat, 10 Feb 2001 12:09:47 -0800
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Gary.

Thank you for the opportunity to discuss the Congestion Management
difficulties faced by the market with your membership.  WPTF has sponsored a
market approach to Congestion Management since its inception.  Last summer
produced good ideas and several proposals to the CAISO.

But now there is a need for immediate action created by the closing of the
CalPX.  APX can fill that void if we take action now.  And, we can jointly
move the solution to a market based approach.

Attached is the agenda for the meetings we have planned for February 21 at
APX to discuss the implementation with market participants.  You mentioned
that you would forward the agenda to your readership.  I appreciate your
support <<Draft Agenda 02_10_2001.doc>>  and hope you can join us as well.

John Stremel
Vice President Engineering
Automated Power Exchange, Inc.
5201 Great America Parkway, Suite 522
Santa Clara, CA
408.517.2120
jstremel@apx.com

 - Draft Agenda 02_10_2001.doc


Ben

At this point there is nothing more I can do.  Your application is close to
a decision as I understand it.  I have forwarded the message below to Dr.
Harris and trust that he will evaluate it as he sees fit.

Regards
Meg

-----Original Message-----
From: Benjamin.Rogers@enron.com [mailto:Benjamin.Rogers@enron.com]
Sent: Tuesday, March 07, 2000 7:10 PM
To: Meg.Brooks@bus.utexas.edu
Subject: RE: Admission Visit

Meg:
I would like to make sure that I have fully explained the reason for my
GMAT score.  If the admissions office needs me to provide documentation on
this disability I can do that.  Due to this disability, the GMAT score is
not a good indicator of how I will do at UT.  Through what I have learned
in my work experiences with State Street Bank and Enron, I know that I will
be able to successfully do the work that UT requires.  If you could let me
know what I can do to further explain my GMAT score I would greatly
appreciate it.  If you think it would be better to talk to Dr. Harris-I
will do that.  Thanks again for taking the time to help me with this issue.
Ben


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/17/2001
08:19 AM ---------------------------

"James Love" <James.Love@msl.redstone.army.mil> on 04/17/2001 06:09:55 AM
To: <Phillip.M.Love@enron.com>
cc:
Subject: Fwd: FW: Flying High

Received: from quantum.quantum-intl.com by msl.redstone.army.mil; Mon, 16 Apr
2001 14:56:45 -0500
Received: by quantum.quantum-intl.com with Internet Mail Service (5.5.2448.0)
id <2XMXL2CC>; Mon, 16 Apr 2001 14:46:33 -0500
Message-ID: <F1C5AA6FC9B1D011A2B200A0C92D13A6CF1B8B@quantum.quantum-intl.com>
From: "Dowling, Edmund" <EDowling@quantum-intl.com>
To: "James Love (E-mail)" <James.Love@msl.redstone.army.mil>,  "Jim Burton
(E-mail)" <james.burton@nvl.army.mil>,  "Nick Nickerson (E-mail)"
<foster.nickerson@nvl.army.mil>
Subject: FW: Flying High
Date: Mon, 16 Apr 2001 14:45:08 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: text/plain; charset="iso-8859-1"

Edmund A. Dowling
Quantum Research International
Phone:  (256) 971-1800 ext 246
Cell:  (256) 653-2599

-----Original Message-----
From: Deeter, Louis
Sent: Monday, April 16, 2001 1:07 PM
To: bec126@aol.com; <mailto:bec126@aol.com;>  lindee2@aol.com;
<mailto:lindee2@aol.com;>  hdeeter1@aol.com; <mailto:hdeeter1@aol.com;>
Liza.Puterman@pentagon.af.mil; <mailto:Liza.Puterman@pentagon.af.mil;>
wdeaton@earthlink.net; <mailto:wdeaton@earthlink.net;>  Vaughn, Mark;
Dowling, Edmund; Sinclair, Bob; Suter, Denise; Taylor, Candace L Ms; Jones,
Frederick; Deaton, Phillip
Subject: Flying High

> All too rarely, airline attendants make an effort to make the in-flight
>safety lecture and their other announcements a bit more entertaining.
>Here are some real examples that have been heard or reported:
>
>~~~~~~~~~~~~
>
> On a Continental Flight with a very "senior" flight attendant crew, pilot
>said, "Ladies and gentlemen, we've reached cruising altitude and will be
>turning down the cabin lights. This is for your comfort and to
> enhance the appearance of your flight attendants."
>
> ~~~~~~~~~~~~
>
> On landing the stewardess said, "Please be sure to take all your
>belongings. If you are going to leave anything please make sure it's
>something we'd like to have."
>
> ~~~~~~~~~~~~
>
> "There may be 50 ways to leave your lover, but there are only 4 ways out
>of this airplane."
>
> ~~~~~~~~~~~~
>
> "Thank you for flying Delta Business Express. We hope you enjoyed giving
>us the business as much as we enjoyed taking you for a ride."
>
> ~~~~~~~~~~~~
>
> As the plane landed and was coming to a stop at Washington National, a
>lone voice came over the loudspeaker: "Whoa, big fella. WHOA!"
>
> ~~~~~~~~~~~~
>
> A flight attendant on a Northwest flight announced: "Please take care
when
>opening the overhead compartments because, after a landing like that, sure
>as hell everything has shifted."
>
> ~~~~~~~~~~~~
>
> >From a Southwest Airlines employee...."Welcome aboard Southwest Flight
XXX
>to YYY. To operate your seat belt, insert the metal tab into the buckle,
>and pull tight. It works just like every other seat belt, and if you don't
>know how to operate one, you probably shouldn't be out in public
>unsupervised."
>
> ~~~~~~~~~~~~
>
> In the event of a sudden loss of cabin pressure, masks will descend from
>the ceiling. Stop screaming, grab the mask, and pull it over your face. If
>you have a small child traveling with you, secure your mask before
> assisting with theirs. If you are traveling with more than one small
>child...pick your favorite.
>
> ~~~~~~~~~~~~
>
> Weather at our destination is 50 degrees with some broken clouds, but
>we'll try to have them fixed before we arrive. Thank you, and remember,
>nobody loves you, or your money, more than Southwest Airlines."
>
> ~~~~~~~~~~~~
>
> "Your seat cushions can be used for flotation, and in the event of an
>emergency water landing, please paddle to shore and take them with our
>compliments."
>
> ~~~~~~~~~~~~
>
> "Should the cabin lose pressure, oxygen masks will drop from the overhead
>area. Please place the bag over your own mouth and nose before assisting
>children... or other adults acting like children."
>
> ~~~~~~~~~~~~
>
> "As you exit the plane, make sure to gather all of your belongings.
>Anything left behind will be distributed evenly among the flight
>attendants. Please do not leave children or spouses."
>
> ~~~~~~~~~~~~
>
> "Last one off the plane must clean it."
>
> ~~~~~~~~~~~
>
> And from the pilot during his welcome message: "Delta airlines is pleased
>to have some of the best flight attendants in the industry.
Unfortunately,
>none of them are on this flight!"
>
> ~~~~~~~~~~~~
>
> Heard on Southwest Airlines just after a very hard landing in Salt Lake
>City: The flight attendant came on the intercom and said, "That was quite
a
>bump and I know what y'all are thinking. I'm here to tell you it wasn't
> the airline's fault, it wasn't the pilot's fault, it wasn't the flight
>attendant's fault ... it was the asphalt!"
>
> ~~~~~~~~~~~~
>
> Overheard on an American Airlines flight into Amarillo, Texas, on a
>particularly windy and bumpy day. During the final approach the Captain
was
>really having to fight it. After an extremely hard landing, the Flight
>Attendant said, "Ladies and Gentlemen, welcome to Amarillo. Please remain
>in your seats with your seat belts fastened while the Captain taxis what's
>left of our airplane to the gate!"
>
> ~~~~~~~~~~~~
>
> Another flight attendant's comment on a less than perfect landing: "We
ask
>you to please remain seated as Captain Kangaroo bounces us to the
>terminal."
>
>~~~~~~~~~~~~
>
> An airline pilot wrote that on this particular flight he had hammered his
>ship into the runway really hard. The airline had a policy which required
>the first officer to stand at the door while the passengers exited, smile,
> and give them a "Thanks for flying XYZ airline." He said that in light of
>his bad landing, he had a hard time looking the passengers in the eye,
>thinking that someone would have a smart comment. Finally everyone had
> gotten off except for a little old lady walking with a cane. She said,
>"Sonny, mind if I ask you a question?" "Why no Ma'am," said the pilot,
>"what is it?" The little old lady asked, "Did we land or were we shot
>down?"
>
> ~~~~~~~~~~~~
>
> After a real crusher of a landing in Phoenix, the Flight Attendant came
on
>with, "Ladies and Gentlemen, please remain in your seats until Capt.Crash
>and the Crew have brought the aircraft to a screeching halt against
> the gate. And, once the tire smoke has cleared and the warning bells are
>silenced, we'll open the door and you can pick your way through the
>wreckage to the terminal."
>
> ~~~~~~~~~~~~
> Part of a flight attendant's arrival announcement: "We'd like to thank
>you folks for flying with us today. And, the next time you get the insane
>urge to go blasting through the skies in a pressurized metal tube, we hope
>you'll think of US Airways."
>
> ~~~~~~~~~~~~
>
> A plane was taking off from Kennedy Airport. After it reached a
>comfortable cruising altitude, the captain made an announcement over the
>intercom, "Ladies and gentlemen, this is your captain speaking. Welcome
to
>Flight Number 293, nonstop from New York to Los Angeles. The weather ahead
>is good and therefore we should have a smooth and uneventful flight. Now
>sit back and relax -- OH MY GOD!" Silence followed and after a few
minutes,
>the captain came back on the intercom and said, "Ladies and Gentlemen, I
am
>so sorry if I scared you earlier, but while I was talking, the flight
>attendant brought me a cup of coffee and spilled the hot coffee in my lap.
>You should see the front of my pants!" A passenger in Coach said, "That's
>nothing, he should see the back of mine!"
>


---------------------- Forwarded by Steven J Kean/NA/Enron on 05/01/2001
07:35 AM ---------------------------

John Sherriff@ECT
05/01/2001 02:15 AM
To: Jackie Gentle/LON/ECT, Steven J Kean/NA/Enron, Richard
Shapiro/NA/Enron@Enron, Fiona Grant/LON/ECT@ECT
cc: Lauren Urquhart/LON/ECT

Subject: Entry tax to dergulating markets

The Forbes April 30, 2001 editorial piece "Slow Starters" on page 24 discusses
the "entry tax" which is the capital burden for starting a new business.  It
states that rich countries
on average have relatively low entry costs while poor countries have
stagering entry costs caused
by corruption, endless beuacracy, and cost of delays.  These "entry hurdles"
and asscoiated costs
do not produce any tangible benefits for consumers, workers or the
environment.

We might want to make the analogy of "entry tax" for new deregulated gas &
power markets.  Things like
negotiated third-party access (rather than regulated TPA) substantially slow
the speed of new entrants and hence deter competition.
Negotiated TPA creates uncertainty for new entrants (they never know what
they are going to get) and clearly slows
the new comers down.

I will send you a copy of the Forbes piece.

John


I'm on a conference call.  Could you call Charlotte ASAP and review the plan
for tonight.  Paige is in her car if you need her input.

ckm


Kay -- Do you know if David H. is going to give you comments?  If you haven't
heard for sure, one of us will call Marvin and find out/coordinate.  Just
don't want to call if this has already been discussed with them.

Is there anything else at this stage that we can do to help your efforts on
the Extension or the main agreement?

Thanks  -- David

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 9:26 AM
To: Fairley, David
Cc: Rorschach, Reagan; Kroll, Heather; Sacks, Edward; May, Tom; Coulter, Kayne
Subject: RE: Extension letter

Sounds good if you would like to forward to counter parties.

I've sent a draft to their counsel all ready (D Hunt and Hemleben).

ckm

From: David Fairley/ENRON@enronXgate on 05/29/2001 09:10 AM
To: Kay Mann/Corp/Enron@Enron, Reagan Rorschach/ENRON@enronXgate, Heather
Kroll/ENRON@enronXgate
cc: Edward Sacks/ENRON@enronXgate, Tom May/ENRON@enronXgate, Kayne
Coulter/ENRON@enronXgate

Subject: RE: Extension letter

Kay -- Looks fine.  Unless anyone else has changes, would it be possible to
send it out today?  Thanks -- David

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 8:00 AM
To: Rorschach, Reagan; Fairley, David; Kroll, Heather
Cc: Sacks, Edward; May, Tom; Coulter, Kayne
Subject: Extension letter

1st thing 1st.  Here's a draft of the extension letter:

 << File: MDEA ILA extension May 29.doc >>

Kay


<title>Energy, Weather and Emissions Trading in Europe</title>

<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">

          Three

            trading conferences under one roof...

            at the Hotel Okura, Amsterdam, 19-21 February 2001

Over 70% of European companies

              face weather-related risk

Today's business has become all about risk and how

              to mitigate it. Weather derivatives have become one of the key tools

              industries as wide ranging as utilities, airlines, agriculture have

              at hand to offset risks associated with temperature and precipitation.

So how do you take advantage of this new market

              in weather trading that has emerged in Europe? What key issues do

              you have to be aware of to mitigate your operational and trading

              risks through weather? Amsterdam will be the place for traders,

              marketers, exchanges, brokers, and executives powering the weather

              trading industry to network with each other.

                Speakers at this event will include:

                  Aquila, Systeia Capital Management, Mirant,

                  LIFFE, Element Re, Entergy-Koch Trading, Risk Management

                  Solutions, Centrica, Utilicorp, weatherXchange,

                  Aon Capital Markets and many

                  more...

Click a link to find out more:

UBS Warburg estimates that

              profits

              from European power trading alone

              will top $2.4 billion in 2002

Add natural gas and oil and you're looking at a

              huge pot of pure profit, only available to those companies that

              know how to best take advantage of the rise of deregulation and

              online trading in the European market.

Now in its 3rd year, this is THE conference where

              the European Energy Industry talks about the business of energy

              trading. Case studies from traders, brokers, online exchanges and

              energy companies to help you stay at the forefront of the exploding

              energy trading market.

                Speakers at this event will include:

                  Dynegy, Altra Energy, OM Group, Powergen, Bergen-Energi,

                  Amsterdam Power Exchange, RWE Trading, ENDESA, The Utilities

                  Exchange, El Paso, SchlumbergerSema, TXU

                  and many

                  more...

Click a link to find out more:

"Carbon

              credits represent a significant asset that companies ignore at their

              peril"

              Jonathan Johns, Ernst & Young

Emission trading options are ripe

              for the picking - but how can you make sure you're ready to profit

              from GHG? Let's face it - you really can't afford not to be, especially

              as the World Bank has estimated demand in the international GHG

              trading system to be in the order of US$20 billion per annum

              by 2010.

Eyeforenergy is delighted to bring

              you this event which will focus on how you can best seize this exciting

              new market opportunity.

                Speakers at this event will include:

                  BP, European Commission, Shell, Amerada Hess, Powergen,

                  RMS, Fortum, Natsource, RMC Group, EcoSecurities,

                  Rolls Royce, KfW, Point Carbon, IETA, TransAlta,

                  UK Dept of Environment, and many

                  more...

Click a link to find out more:

        "Congratulations on a successful conference! I found it extremely

        worthwhile. The structure and content were well-balanced, the organisation

        tight, the venue first-class and the discussion, both in and out of the

        conference hall, interesting and valuable."

        Ian French, Frost & Sullivan, Europe

All three events will take place at the Hotel Okura, Amsterdam on

        the 19-21 February 2002

        Click here to visit

        the information website for all three events

          Sponsors:

          Media Sponsors:

    (c) Eyeforenergy 2002

      All enquiries regarding this email should be sent to events@eyeforenergy.com


Has the old adversary adopted an "if you can't beat em, join em" strategy?  I
noticed that CNG is planning to build some high deliverability storage.  More
competition is always a problem, but at least that is a vindication of the
MHP strategy.  I noticed Vaina was quoted in the trade press.  Is he the man
on Tioga now?  DF


Is this what you are looking for?

Jason


Let me know if I am missing any lists...


I have found a couple of other people who are interested in going, but tonight is Ted's last night in town before moving to Ft. Lauderdale so if you're feeling up to it maybe we could get together for a drink after the game.  Just let me know.

 -----Original Message-----
From: 	Gordon.Hagendorf@kvaerner.com@ENRON [mailto:IMCEANOTES-Gordon+2EHagendorf+40kvaerner+2Ecom+40ENRON@ENRON.com]
Sent:	Friday, August 17, 2001 10:40 AM
To:	Taylor, Mark E (Legal)
Subject:	RE: Astros

Hey Mark,
Sorry about the delayed answer.  We're in town this week and the game sounds
like fun.  My only problem is that my stomach is in knots and I'm not sure
if it'll be better this afternoon.  If you can give them away I'd say do
that, if not, can we touch base this afternoon???   By the way, do you still
have the sail boat??????

Gordon

-----Original Message-----
From: Taylor, Mark E (Legal) [mailto:Mark.Taylor@ENRON.com]
Sent: Thursday, August 16, 2001 3:37 PM
To: Hagendorf, Gordon KPRHOU
Subject: Astros

I have tickets to the Astros game on Friday (tomorrow) eve.  Any
interest?

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459

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


Attached are the revised drafts of the Settlement Agreement, McCommas
Contract, and Rosenberg Contract for your review.

 - SETTLEME.DOC
 - GASSALE&.DOC
 - GASSALE&.DOC


----- Original Message -----
From: "Lee Anne Baker" <phaedra@txucom.net>
To: "Shannon Tyer" <shannontyer@email.msn.com>; "Rhonda Williford"
<prolands@gateway.net>; "Rachelle Wood" <jwood@lcc.net>; "Neal Johnson"
<biggcountry@hotmail.com>; "Mary Marshall" <twomarshalls@hotmail.com>; "Josh
Lockhart" <josh_lockhart@hotmail.com>; "Jo Beth Martinez"
<jbmartinez@mail.ev1.net>; "Javier Martinez" <jav_martinez@ev1.net>; "Dusty
Baker" <duck@pdq.net>; "David Zamora" <GigemRock@aol.com>; "Brandi &Terrey
Molnes" <tbmolnes@totalzone.com>
Sent: Friday, March 30, 2001 6:42 PM
Subject: Fw: Rachelle

>
> ----- Original Message -----
> From: J. Wood <jwood@lcc.net>
> To: tracie wood <twood@wt.net>; Papa and Shirley <critterco@alpha1.net>;
Pam
> Peavey <pamlak@hotmail.com>; Melody Cordell <dominoe_effect@yahoo.com>;
Lee
> Anne Baker <phaedra@txucom.net>; jeff wunderlich <wunderjeff@hotmail.com>;
> Jeff Fabre <jfabre@charter.net>; DORIS LONG <dorislour@yahoo.com>; cherrel
> langley <cherrel45@hotmail.com>
> Sent: Friday, March 30, 2001 2:06 PM
> Subject: Fw: Rachelle
>
>
> >
> > > get a load of this
> > >
> > > -----Original Message-----
> > > From: Klark Trickey
> > > Sent: Friday, March 30, 2001 10:59 AM
> > > To: Danny Allison; Troy Berreth; John Carter
> > > Subject: Big Balls, vol.2
> > >
> > >
> > >
> > >
> > >  testicles.mpg
> > >  <<testicles.mpg>>
> > >
> >
>

 - testicles.mpg


You may recall that PG&E files an advice letter on 11/22 to revise all  its
tariffs because the rate freeze had purportedly ended.? The attached  letter
from Paul Clanon shoots down that theory.? He writes that:
?
"AL 2057-E is not compliant because, at a minimum:
?
1. The rate freeze for PG&E is not over.? Pursuant to O.P. 2 of  D.99-10-057,
the end of the rate freeze for PG&E and Southern California  Edison shall not
occur before the generation assets of each utility have been  market valued
except as the law or the Commission determines otherwise.?  The Commission
has not ordered that the rate freeze can end based on the  estimated market
value of PG&E's generation assets.
2. As PG&E  acknowledges in AL 2057-E, it is required (by O.P. 1 in
D.99-10-057) to file an  advice letter three months prior to the earliest
forecasted date, and an advice  letter five days after, the rate freeze
ends.? PG&E cannot, by  unilateral action, collapse these two filings into
one without review and an  order of the Commission authorizing such a
modification. [NOTE:? This  is?similar to?what we said in our RAP response to
Edison's motion to  sever the PX Credit issue from the RAP proceeding.]
3. As PG&E  acknowledges, the proposed Distribution Revenue Adjustment
Mechanism (DRAM), and  the new rate component associated with the DRAM, were
not authorized by  D.99-10-057, which contemplated that PG&E would be
operating under a  Performance Based Ratemaking mechanism after the rate
freeze ended, or by  subsequent decisions.
4. The proposed Unrecovered Cost of Service Account  (UCSA), and the new rate
component associated with the UCSA, were not authorized  by D.99-10-057 and
are not in compliance with any Commission decision.? To  the extent that PG&E
proposes to transfer TRA undercollections incurred  prior to the end of the
rate freeze to the UCSA, AL2057-E violates D.99-10-057,  O.P. 2 and
D.00-03-058.
5. The treatment of retained generation revenues  proposed in this AL was not
authorized by D.99-10-057, or by subsequent  decisions."
?
Whoopee!
?
Dan
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From: "Avendano, Nel C" <NCO1@pge.com>
To: "Antonio, Sonny" <IUCGroup@email.com>, "Avendano, Nel" <nco1@pge.com>,
"Ayers, Pat" <peay@chevron.com>,   "Baird, Dewey J."
<bairdd@pom-emh1.army.mil>,   "Baird, John" <John_Baird@rmiinc.com>,
"Balachandran, Girish" <girish_balachandran@city.palo-alto.ca.us>,
"Baldwin, Mark" <igsinc@ix.netcom.com>,   "Bates, Brian E."
<bbates@coral-energy.com>,   "Baughman, Perry" <pbaughman@urmgroup.com>,
"Blaising, Scott" <blaising@jps.net>, "Bloch, Lan" <enfile@csc.com>,
"Bolin, Lisa" <bfa@bfa.com>, "Bond, Scott" <scott_r_bond@amoco.com>,
"Bradley, Tod" <tod_bradley@powerspring.com>,   "Brady, Matthew V."
<bradylaw@pacbell.net>,   "Briones, Mar" <info@toenergy.com>, "Brunelle,
Barry" <bbrunel@smud.org>,   "Byron, Jeffrey" <jbyron@calpine.com>,
"Cabral, Theresa" <tcabral@mediaone.com>,   "Call, Harrison"
<callco@netdex.com>,   "Campbell, Randy" <RCampbell@wwdb.org>,   "Celio,
Richard C." <rcelio@apt4power.com>,   "Chancellor, Craig"
<craigc@calpine.com>,   "Chen, Bill" <bchen@newenergy.com>, "Clark, Marshall"
<mclark@dgs.ca.gov>,   "Clements, Nigel" <NClement@sempra-slns.com>,
"Cresap, Jeff" <jcresap_energysolutions@email.msn.com>,   "Dey, Sheila"
<sheila@wma.org>, "Douglass, Dan" <Douglass@ArterHadden.Com>,   "Eisenman,
Eric" <eric.eisenman@gen.pge.com>,   "Elder, Katie" <katie_elder@rmiinc.com>,
"Evans, Doug" <devans@smurfit.com>,   "Fellman, Diane I."
<difellman@energy-law-group.com>,   "Ferrara, Merilyn"
<Merilyn_Ferrara@APSES.COM>,   "Finne, Larry" <lfinne@unitedcogen.com>,
"Gaillard, Bruno" <bgaillar@ees.enron.com>,   "Gansecki, Karyn"
<gansecka@sce.com>,   "Gladman, Rob" <rgladman@utiliticorp.com>,   "Greene,
Phillip" <greenep@fosterfarms.com>,   "Hall, William R."
<whall@ci.glendale.ca.us>,   "Hamog, Donald" <hamoyd@liggett-emh1.army.mil>,
 "Harteloo, Kari" <klc@aelaw.com>, "Hawes, Cathy" <chawes@eesinc.com>,
"Henton, Ms Donna" <dhenton2@csc.com>,   "Hong, Bevin"
<bhong@sanfrancisco.usgen.com>,   "Houde, Rieber"
<artscomm@worldnet.att.net>,   "Hurley, Lyle" <lhurley@ci.redding.ca.us>,
"Jacobini, Charles" <charles.jacobini@acnenergy.com>,   "Jacobson, Debra S."
<sra.corp@swgas.com>,   "Jansen, Eric" <ERICJ@ESLAWFIRM.com>,   "Jaske, Mike"
<mjaske@energy.state.gov.us>,   "Karp, Joseph" <regaffairs@sf.whitecase.com>,
  "Kelly, Keith" <kkelly@tfsbrokers.com>,   "King, Chris S."
<chris.king@utility.com>,   "Kjosnes, Ole" <ole.kjosnes@ci.seattle.wa.us>,
"Kuhn, Peter" <pkatkandk@aol.com>,   "Kulmatycki, Chris"
<ckulmat@utilicorp.com>,   "Lafrenz, Don" <dlf@cpuc.ca.gov>,   "Lavigne,
Steve" <sslavigne@duke-energy.com>,   "Lawler, Emely" <lawlerem@sce.com>,
"Leslie, John W." <jleslie@luce.com>,   "Lin, Angie" <Alin@newenergy.com>,
"Little, Naomi M." <NMLittle@duanemorris.com>,   "Lloyd, Connee"
<clloyd@bart.gov>, "Logsdon, Julie" <jlogsdon@csc.com>,   "McCartney, Wade"
<wsm@cpuc.ca.gov>, "McCoy, Patrick" <rmccoy@dgs.ca.gov>,   "McDonnell,
Patrick" <pmcdonnell@eesinc.com>,   "McElroy, Richard"
<richard.mcelroy@engageenergy.com>,   "McGuire, Patrick"
<patrickm@crossborderenergy.com>,   "McKillip, Ron" <rmckilli@csc.com>,
"Meyer, Karl" <karl@ncpa.com>,   "Miller, Jeff" <jmiller@caiso.com>,
"Mollon, Janie" <jsmollon@newwestenergy.com>,   "Monier, Wes"
<fwmonier@tid.org>,   "Moritzburke, Peter" <pmoritzburke@cera.com>,
"Muller, Phillip" <philm@SCDEnergy.com>,   "Neidig, James E."
<jim.neidig@indsys.ge.com>,   "Nicholson, Robert"
<Robert.Nicholson@bankamerica.com>,   "Noger, Rick" <rick_noger@praxair.com>,
"Norris, Paul" <w6bd@msn.com>,   "Padilla, Ken"
<padillaj@vafb1a.vafb.af.mil>,   "Patrick, Heather" <hpatrick@gmssr.com>,
"Pau, Judy" <pauj@dwt.com>,   "Paul, Joseph M." <jmpa@dynegy.com>, "Poole,
Noemi" <naomi@sierracc.com>,   "Porter, Douglas" <porterdk@sce.com>,
"Poynts, Roger" <poynts@adi-tetrad.com>, "Pritchard, Jan W."
<janp@mid.org>,   "Purves, Ralph" <rpurves@sdge.com>, "Rochman, Michael"
<rochmanm@spurr.org>,   "Ronning, Jill" <jronning@dgs.ca.gov>,   "Rosasco,
Margaret" <frontdesk@sierracc.com>,   "Sanders, Mary"
<msanders@exeterassociates.com>,   "Scheuerman, Paul" <pgs@ieee.org>,
"Schlotterbeck, Stacy B." <sschlott@csc.com>,   "Selting, Anne"
<anne@plurimi.com>,   "Seshan, Dr Anantha" <aseshan@fifthgeneration.com>,
"Skaff, Andrew" <askaff@energy-law-group.com>,   "Skillman, June"
<jskillman@prodigy.net>,   "Stancer, William H."
<william.stancer@ipaper.com>,   "Stanford, Charlene"
<cstanfor@energy.twc.com>,   "Sturdevant, Leticia"
<LSturdevant@sempra-slns.com>,   "Tachera, Jennifer"
<jtachera@energy.state.ca.us>,   "Takahashi, Tetsunari"
<tetsunari@reconcorp.com>,   "Taylor, Leslie" <mgr-fr@cwscommunities.com>,
"Teague, Jonathan M." <jteague@dgs.ca.gov>,   "Thomas, Aaron"
<Athomas@newenergy.com>,   "Toyama, Nathan" <ntoyama@smud.org>, "Turlay,
Randy" <ipt@best.com>,   "Ubavich, Nina" <Nubavi@dwp.ci.la.ca.us>,
"Ungvari, Joseph" <jungvari@rcsis.com>, "Urick, Lisa" <lgurick@calpx.com>,
"Valeri, Jennifer" <jvaleri@sempra.com>,   "Ware, Wayne"
<wware@siliconvalleypower.com>,   "Weil, James" <jweil@aglet.org>, "Weller,
Andrea" <aweller@sel.com>,   "Westby, Elizabeth" <ewestby@aandellp.com>,
"Wheatland, Kent" <kbw@cpuc.ca.gov>,   "Whitehurst, Barbara"
<bwhitehurst@ci.healdsburg.ca.us>,   "Wiggins, Monica" <mwiggins@sempra.com>,
"Wiley, Mike" <mike@elite.net>,   "Williams, Gene" <gwilliams@sppc.com>,
"Wong, Mary" <marywong@sempra.com>,   "Wood, W. William"
<bwood@energy.state.ca.us>,   "Yap, Catherine E." <ceyap@earthlink.net>,
"Yates, E. D." <ed@clfp.com>
cc: "Malekos, Shelly" <SSM3@pge.com>, "Shaw, Susan" <SXS9@pge.com>,   "Smith,
Anita (RegRel)" <AWS4@pge.com>
Subject: PG&E Advice Letter 2057-E
Date: Tue, 5 Dec 2000 14:08:16 -0800
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
X-WSS-ID: 1633B46B139549-01-01
Content-Type: multipart/mixed;
boundary="----_=_NextPart_000_01C05F07.DE5DC170"

Attached for your information is a letter dated December 4,  2000,  from
Paul Clanon of Energy Division regarding the status of AL 2057-E filed by
PG&E Company on November 22,  2000.

 <<2057-E_EDletter.doc>>

Thank You,
Nel Avendano (nco1)
Rates (3-3529)

 - 2057-E_EDletter.doc


Tony Harris
Grbac  30
Mason    0

Gary Taylor
Richardson 10

Gary Lamphier
Herman Moore 45
Thrash    1

Martin Cuilla
Autry  31
Pittman  31
Jackson 11
Jets    1

Bill Kasemervisz
Denver K  1

Mike Morris
Philly K   0


Phil:

As you requested on last week's conference call, attached is a draft position
on pipeline safety legislation.  The draft includes background and positions
on both re-authorization legislation (on which there has been a great deal of
activity lately) and appropriations legislation.

Once you and the Task Force have had the opportunity to review this material,
it can be used to brief Stan Horton and Bob Hill in advance of the INGAA
Board meeting this coming Thursday in Calgary.

Jeff


Has anyone talked with Tim B about what Larcamp said -- ie the soft cap only
applies to PX and ISO bids and not to any bilateral contracts including
bilateral fwd contracts?
----- Forwarded by Steven J Kean/NA/Enron on 11/16/2000 06:12 AM -----

	Donna Fulton
	11/14/2000 09:33 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Jeff Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@ENRON,
Sarah Novosel/Corp/Enron@ENRON, Susan J Mara/SFO/EES@EES
		 Subject: Re: Comments on FERC November 1 order

Just to pile on with the issues, I will add a few thoughts of my own for
issues that we might want to consider in our November 20 comments.
Re: the application of the price cap to only PX and ISO, Commissioner Massey
is not totally on board.  He specifically asked about capping the forward
market.  He raised the idea that he had gotten from the San Diego hearing
that there be an accepted forward contract for a specified timeframe (18-24
months) and specified rate, and that all loads must buy a minimum percentage
of their needs from this contract.
A staffer (Don Gelinas) asked whether the forward/bilateral market
(presumably uncapped) could take care of investment recovery so that
generation not be cancelled in California.
Dynegy and other marketers raised the issue of the test to be used by the
Commission in reviewing transactions above the soft cap.  Specifically, what
is opportunity cost?  As long as the test is not known until after the fact,
there will be lack of secuity selling into the California and greater
incentive to sell elsewhere.
Hobbs from Williams raised the possibility that if the Commission does not
eliminate the soft cap (his preferred approach), that the cap should be
temporary and escalating and there should be limited time for raising issues
and retaining the refund liability (he suggested that the refund liability be
only for one month).
Many, especially the utilities, raised their position that the Commission
should not institute penalties only on the load.  They claimed this was
one-sided and suggested if penalties were required, they needed to be applied
to the supply side as well.  They also argued that the load could not meet
the 5% test.
Massey had a concern at the end of the day that the Commission's
encouragement of forward contracts will be stymied by the CPUC by their
authority in reviewing prudence of the utilities' purchases.
Larcamp asked at the end of the day for information on the cost of generation
before deregulation - normalized for gas prices and emmission prices of
today.  The marketer on the panel added that we would need to include
stranded costs.
There was almost no support for the single price auction in California.
The California politicians argued that the ISO Board structure needed to be
changed, but that California had jurisdiction to change it, not FERC.  A
Court battle was threatened.

	Steven J Kean
	11/13/2000 08:51 AM

		 To: Mary Hain/HOU/ECT@ECT
		 cc: Richard Shapiro/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/SFO/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Paul
Kaufman/PDX/ECT@ECT
		 Subject: Re: Comments on FERC November 1 order

There are a few other issues we need to look into:

Larcamp told Hartsoe and I after the meeting that FERC may clarify that the
price caps and reporting obligations apply only to bids into the PX and ISO
-- ie no bilateral transaction will be subject to the requirements.  He asked
if knowing this would change any of our views (esp peaking plants, though I
suspect it's already too late for that).  My gut reaction is that so long as
the market continues to clear through the centralized exchanges this
"exemption" for bilateral transactions won't matter much, but let's think it
through.  Is EOL or APX an alternative?
Massey specifically asked us to address forward markets in our comments.
Specifically, "has FERC done everything it can to encourage forward market
development?"  In addition to any other points we might make, I think we
should argue that "PJMing" the market won't facilitate and may even hinder
forward market development.  Also, we should advocate actions by FERC that
take away second-guessing by the CPUC in order to reduce utility fears about
contracting forward.
We have to give the Commission a way out on price caps.  We need to think
through whether there is something we can live with here, or we should take
the approach I took in my testimony:  FERC should encourage the state to
provide rate protection for selected customer classes by putting those
requirements up for bid (ie get the utility out of the commodity business as
much as possible).
Finally, on governence issues we should argue for a narrowe role for the ISO
as a way of diffusing the emotional governence debate.  Analogy:  if the ISO
is simply the air traffic controller all parties will simply be interested in
retaining the most technically competent people (not hiring or appointing
their lackies or friends).  So long as the ISO has a role in setting prices,
acquiring supplies or running the market, it is destined to be controversial
and highly politicized.  Those functions should be left to the market.

	Mary Hain@ECT
	11/10/2000 11:13 AM

		 To: Steven J Kean/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron
		 cc:
		 Subject: Comments on FERC November 1 order

---------------------- Forwarded by Mary Hain/HOU/ECT on 11/10/2000 09:20 AM
---------------------------
________________________

To: Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com, Richard Sanders,
Susan J Mara/SFO/EES@EES, Mona L Petrochko/NA/Enron@Enron,
jdasovic@ees.enron.com, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Joe Hartsoe@Enron, Sarah Novosel/Corp/Enron@ENRON,
James E Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Harry
Kingerski/HOU/EES@EES, Dennis Benevides, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Steve
Kean, Richard Shapiro, Tim Heizenrader/PDX/ECT@ECT
cc: carrrn@bracepatt.com, dwatkiss@bracepatt.com
From: Mary Hain/HOU/ECT
Date: 11/09/2000 05:19:03 PM
Subject: Comments on FERC November 1 order

For purposes of our discussions, Alan and I have put together an outline of
issues raised in the FERC meeting today that we might consider putting in our
comments to FERC.  Our written comments would also include the issues we have
already raised in our white paper and our oral comments at FERC.  Of course
to the extent we have discussed things in our white paper we could simply
cite the paper.  Given the potentially long list of issues to be addressed, I
haved left a voice mail asking Seabron if he is available to help Alan.


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---------------------- Forwarded by Darron C Giron/HOU/ECT on 07/24/2000
09:28 AM ---------------------------

"hollyw" <hollyw@email.msn.com> on 07/22/2000 03:10:05 PM
To: "Sheri Thomas" <Sheri.Thomas@enron.com>, "Raymond Paterson"
<ray_paterson@hotmail.com>, "Randy Howes" <rhowes@manistee-isd.k12.mi.us>,
"Nicol, Gary" <nicolg@bp.com>, "Lucie Eckersall" <lucie@eckers.abel.co.uk>,
"Lori Horrocks" <loroks@yahoo.com>, "John Schmitz" <jschm@telxon.com>, "Jim
Miller" <jraggie1@pdq.net>, "Janine Gregor" <janine.gregor@talk21.com>,
"Jacky Carson" <carson@mail.zuper.net>, "Gregor, Lynn C" <GregorLC@bp.com>,
"Debbie Hall" <gmind@icsi.net>, "Darron Giron" <dgiron@enron.com>, "Dan Kerr"
<ditchdog81@hotmail.com>, <Cass007@aol.com>, "Ben Schulein"
<bschulein@hotmail.com>, "Ben & Phyllis Tobias"
<benandphyllistobias@compuserve.com>, "Barbara Denson" <bbdenson@pdq.net>
cc:
Subject: Fw: A little airline humor

----- Original Message -----
From: "Warren, Stacy" <swarre02@coair.com>
To: "Getteau, Liz" <lgette@coair.com>; "Allison O'Donnell (E-mail)"
<aodonnell@sprynet.com>; "Bryan Kile (E-mail)" <bkile@brazosport.cc.tx.us>;
"Drew Berkman (E-mail)" <DBerkman@worldnet.att.net>; "Greg Holles (E-mail)"
<GregHolles@aol.com>; "Jim Henness (E-mail)" <jhennes@c2i2.com>; "Jim
McClatchie (E-mail)" <jimmac@flash.net>; "Rella Snetsinger (E-mail)"
<rella13@zebra.net>; "Robert Kile (E-mail)" <rkile@aol.com>; "Rochelle Smith
(E-mail)" <rochelle@waterengineers.com>; "Roland Schilder (E-mail)"
<Schilder_r@hotmail.com>; "Ron Jones(Work) (E-mail)"
<rjones562@earthlink.net>; "Ruth Harper (E-mail)"
<harperbuell@earthlink.net>; "Shawn Smith (E-mail)" <Smith0S@kochind.com>;
"Todd Kelly (E-mail)" <mtoddkelly@yahoo.com>; "Trey Bergman (E-mail)"
<treybergman@ghg.net>; "Ugly Boo (E-mail)" <hollyw@email.msn.com>; "Wanda
Harding (E-mail)" <wharding@netexplorer.com>
Sent: Friday, July 21, 2000 2:30 PM
Subject: FW: A little airline humor

>
> -----Original Message-----
> From: Millikin, Leslie
> Sent: Friday, July 21, 2000 2:23 PM
> To: Warren, Stacy
> Subject: A little airline humor
>
>
> My mother sent this to me.  Enjoy!
>
> Southwest Airlines
>
> A mother and her son were flying Southwest Airlines from Kansas City to
> Chicago.
> The son (who had been looking out the window) turned to his mother and
> asked, "If big dogs have baby dogs and big cats have baby cats, why don't
> big planes have baby planes?"
>
> The mother (who couldn't think of an answer) told her son to ask the
> stewardess.
>
>  So the boy asked the stewardess,"If big dogs have baby dogs and big cats
> have baby cats, why don't big planes have baby planes?"
>
> The stewardess responded, "Did your mother tell you to ask me?"
>
> The boy admitted that this was the case.
>
> "Well, then, tell your mother that there are no baby planes because
> Southwest always pulls out on time."


The el orbits, eh? i've heard of them but don't remember who they are.
there is a chance i've seen them at satellite i guess.

my, you are nosey.  i have a little date tonight.  wanna come along?

From: Margaret Allen@ENRON on 10/25/2000 09:06 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

Hum, as much as I would love to be insulted by you for several hours straight
tomorrow night, I have plans...actually, it's an Enron thing. A bunch of
people are going to the Continental Club to hear the El Orbits, which happens
to be my favorite band.  You should come.

What are your plans tonight, since I'm being nosey?!

Trade them up Johnny, Margarita

	John Arnold@ECT
	10/25/2000 07:34 AM

		 To: Margaret Allen/Corp/Enron@ENRON
		 cc:
		 Subject: Re:

Deathly afraid doesn't even come close to describing it.  Busy tonight.  How
bout tomorrow?

From: Margaret Allen@ENRON on 10/24/2000 06:25 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

Okay, since you are deathly afraid of being nice to me, now about we go to
grab a beer or dinner tomorrow night?  Does that work for you?


Please find enclosed the latest draft Enron Europe FX BRM, as requested from
Mike Jordan.

Please note that the principles have been discussed with Mike, Fernley and
Beth and broadly agreed, although some of the detail is yet to be updated.
When the final report is issued I will ensure you receive a copy.

Kind regards

D


Dave

I feel like I keep tasking you.  I've only got a couple of weeks.

Can you send Orlando and Joe a list of Outsourcing deals that we've done and the key contact person that they can talk to about the structures.

Thanks

John


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/10/2000
12:38 PM ---------------------------

Rick Bergsieker@ENRON_DEVELOPMENT
10/10/2000 11:43 AM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
cc: david.haug@enron.com
Subject: HIGH PRIORITY: CORRECTED -- Fwd: ENRON article in POTEN's LNGWM

fyi---this article has gone to press and will be published shortly by Poten &
Partners.
---------------------- Forwarded by Rick Bergsieker/ENRON_DEVELOPMENT on
10/10/2000 10:34 AM ---------------------------

"Avgerinos, Gabriel" <GAvgerinos@Poten.com> on 10/03/2000 01:12:09 PM
To: "'rick.bergsieker@enron.com'" <rick.bergsieker@enron.com>,
"'clay.harris@enron.com'" <clay.harris@enron.com>
cc: "Spadine, Frank" <FSpadine@Poten.com>, "Johnson, Anne Marie"
<AMJohnson@Poten.com>

Subject: HIGH PRIORITY: CORRECTED -- Fwd: ENRON article in POTEN's LNGWM

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

From: MS Exchange::GFA
To: Harris, Clay at Enron; Bergsieker, Rick at Enron
cc: Spadine, Frank at Poten & Partners
Subject: ENRON article in POTEN's LNGWM
Date: 10/3/00 11:05 AM

Dear Rick and Clay:

I thought you you would be interested in a "look-in-advance" at the article
about Enron LNG to be published by POTEN in this month's LNG IN WORLD
MARKETS.

Clay, sorry I missed you this time around in September when I was in the
Middle East.  For your guidance, we heard a lot of nice things from OLNG
management about you guys -- and well deserved I may add.

Best regards,

Gabriel F. Avgerinos
General Manager
LNG & Gas Consulting
POTEN & PARTNERS, INC.
phone: 212-230-2035
fax:       212-355-0295
email:    gavgerinos@poten.com

 - 11524_2.DOC


---------------------- Forwarded by Tana Jones/HOU/ECT on 11/04/99 11:13 AM
---------------------------

	Enron North America Corp.

	From:  Tana Jones                           10/27/99 02:46 PM

To: Bob Shults/HOU/ECT@ECT
cc:
Subject: Cross Timbers

I discovered it was a non-ISDA master, so I had to delete the weather.


Shirley,

We plan to use it only for 30 minutes bet 11:00 and 11:30.

Vince

Shirley Crenshaw
04/18/2000 01:54 PM
To: Nick Mooney/LON/ECT@ECT
cc: Vasant Shanbhogue/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Mark
Tawney/HOU/ECT@ECT
Subject: Re: Video Conference with Ross McIntyre

Nick:

We did get a conference room from 11:00 - 2:00, Houston time.  It is EB791.
I gave them the conference room you will be in, so I think everything is set
for the video.

Thanks!

Shirley


Your message

  To:      DLoon@USChamber.com; dougloon@uschamber.com
  Subject: (no subject)
  Sent:    Mon, 6 Nov 2000 09:17:13 -0500

did not reach the following recipient(s):

dougloon@uschamber.com on Mon, 6 Nov 2000 09:24:51 -0500
    The recipient name is not recognized
 The MTS-ID of the original message is: c=US;a=
;p=USChamber;l=WDCEXC010011061424VVLM9L9X
    MSEXCH:IMS:USChamber:WDC:WDCEXC01 0 (000C05A6) Unknown Recipient

Message-ID: <OF37AA212D.6C953F4F-ON8625698F.004E6E34@enron.com>
From: Drew.Fossum@enron.com
To: DLoon@USChamber.com, dougloon@uschamber.com
Subject: (no subject)
Date: Mon, 6 Nov 2000 09:17:13 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
X-MS-Embedded-Report:
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01C047FD.5C229B66"

---------------------- Forwarded by Drew Fossum/ET&S/Enron on 11/06/2000
08:15 AM ---------------------------

 (Embedded
 image moved
 to file:      From:  Drew Fossum
 pic21881.pcx) 11/06/2000 08:02 AM

To:   Tony@Digitrain.com, rlfossum@mato.com
cc:   DickOsgood@aol.com, doug loon@uschamber.com

Subject:  (no subject)

I've got to get one of these digital cameras!  Dick, did you get any action
shots--like an action shot of Doug stuffing his face with walleye?   PS:
Reed, how much of the 4 feet of snow did sturgis get????  Loon--I'm in DC
tomorrow for the day, where are you?  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 11/06/2000
07:58 AM ---------------------------

DickOsgood@aol.com on 11/05/2000 04:10:39 PM

To:   dfossum@enron.com, DLoon@uschamber.com
cc:

Subject:  (no subject)

Hey Guys:

Here is a pic from S.D. hunting.

Dick
(Embedded image moved to file: pic31998.pcx)

 - pic21881.pcx
 - pic31998.pcx


Further to our collective conversations yesterday,   I have contacted counsel
for CES and have sent   via fax the Consents of Assignment for both parties
for execution stressing the need for a quick turn around.    Upon execution,
I will amend the agreements for new pricing.

Please let me know if you have an questions or comments.

DP


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/05/2001
10:00 AM ---------------------------

Dawn C Kenne
01/05/2001 09:56 AM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Kam Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Jayant
Krishnaswamy/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Tara
Sweitzer/HOU/ECT@ECT
Subject: Sitara hedges not linking

Can you please advise your groups to contact either EOL or Jay Krish or Dat
Truong when you find a sitara hedge not linked to the sitara physical deal?
Once you find this, please do not create or kill the hedge until the sitara
team has a chance to look at the deals.

Let me know if you have any questions.

Dawn
3-9353

Tara Sweitzer   3-4523
Jay Krish 3-5768
Dat Truong 6-3015


Access to the Attorney Forms directory (O:\Legal\ATTY.FMS) has been secured
for "read only" access.  Please contact Erica Braden, Sheri Cromwell, Taffy
Milligan, Pat Radford or Brenda Whitehead to assist you with:

saving a form to Word 2000  (some forms are losing footers, etc. until saved
in the 2000 format--this will be done on an "as needed" basis);

replacing a form with an updated version (section head approval required
before "dropping" the revised document into the directory); or

deleting a form from the directory (section head approval required).

Please call me if you have any questions or concerns.


HOUSTON PIPE LINE COMPANY,S 75TH ANNIVERSARY
MOODY GARDENS HOTEL
GALVESTON, TEXAS
September 9, 2000

FREQUENTLY ASKED QUESTIONS

Houston Pipe Line Company,s 75th Anniversary celebration is right around the
corner.  To help you plan for the event, we,ve developed a list of questions
and answers. Look for future updates via email and if you have a question,
please send it to meetingstop@aol.com.

? How do Houston Pipe Line employees RSVP for the anniversary celebration?
Register via email  -- the sooner the better! You provide minimal information
via email to our event coordinator on the form you,ve received with this
email.  NOTE: Registration ends August 15.

? Can I bring my children for a family weekend outing?
The celebration is for Houston Pipe Line employees and a guest.

? What are check-in and checkout times at the hotel?
Check-in at Moody Gardens Hotel is 4 pm Saturday and checkout is at noon
Sunday. Although early room check-in is unlikely on Saturday, employees may
arrive early and check their luggage in the hotel lobby to enjoy the Moody
Gardens attractions. Rooms will be assigned as they become available
throughout Saturday. We,ll give you specifics on the check-in process in
future updates.

? Can I reserve a room for Friday, September 8?  What is the room rate?
A limited number of rooms may be available on Friday night for $129.00
(single or double).  Houston Pipe Line employees should contact the hotel
directly to make Friday reservations. The phone number for Moody Gardens
Hotel is 888/388-8484 or 409/781-8484.

? Should I use my personal credit card for incidental expenses?
Yes, you should use your personal credit card for incidental expenses, such
as long distance phone calls.  Just present your credit card at check-in.

? What is the dress code for the weekend?
Cocktail attire is appropriate for the anniversary celebration.  Black tie is
optional!  Comfy relaxed attire is mandatory for enjoying Moody Garden
attractions.

? Can I include the mileage to Galveston on my expense report?
Travel to and from Moody Gardens Hotel is not eligible for expense
reimbursement.

? Which meals are included during my hotel stay?
The celebration includes Saturday night cocktails and dinner.
Houston Pipe Line employees will receive two drink tickets each for the
cocktail hour or at dinner. Cash bars will be available during the
celebration.

? What time is the official company celebration over?
Employees and guests are on their own and free to enjoy Galveston after
dinner Saturday night and on Sunday.  As a reminder, checkout time is at noon
on Sunday.

? What are +Garden Dollars8 and do I have access to all Moody Gardens
attractions?
Houston Pipe Line employees and guests will each receive +garden money,
valued at $35.00. +Garden money, can be used throughout the complex to enjoy
attractions or for a spa service.

? Doesn,t Moody Gardens have an incredible spa?
Yes, employees should contact The Spa at Moody Gardens Hotel to schedule
appointments for all spa services.  The Spa offers a variety of services
including massages, body wraps and treatments, hydrotherapy baths and
facials. Call The Spa at 888/388-8484 or 409/683-4440 to schedule an
appointment.

? Does the hotel have a designated parking area?
Hotel guests may enjoy covered parking located at the entrance to the
complex, behind the hotel. Note a posted sign at the parking garage entrance
reads "Valet Only", but hotel guests are free to use the garage.

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

EMPLOYEE CELEBRATION
 REGISTRATION

Plan to attend?
Enjoy easy, speedy registration?
Send information requested below to meetingstop@aol.com.
Expect registration confirmation via email.
Register early!  Register now!

1) Employee,s Name

2) Employee,s Daytime Phone Number

3) Guest,s Name

4) Overnight Accommodations  (select one of each category)
 ? King Bed or Two Queen Beds
 ? Smoking or Non-Smoking room

5) Dinner Only?  Yes / No

6) Do you want +Garden Dollars, for Moody Gardens Hotel or Attractions?   Yes
/ No


I responded on 12/24 but haven't seen anything yet...
Mr. Dean

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Amerex - May 23

Gas:	32
Power:	58


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Hi All,

Below are the EIM group links that were created in GCP.  Please make sure these group links are added when creating new cp's or address roles.

EIM - Financial
EIM - Physical
EIM Brokers
EIM Products Exchange

Bernice C. Rodriguez
ENW GCP - Houston Operations
713-853-7972


Please open the attached file to read the complete text of the following
items:

08:04AM EST  9-NOV-00 UBS WARBURG (US) (YOUNG, DON) HWP IBM CPQ G
PCS: COMMERCIAL IMPROVING - RETAIL FADING

06:15AM EST  9-NOV-00 UBS WARBURG (US) (YOUNG, DON) IBM AAPL CTXS
IBM: PROFITABILITY--YES, MARKET SHARE--NO

11:12PM EST  8-NOV-00 BOFA MONTGOMERY (KING, KURTIS R) DELL CPQ HWP
DELL: DELL REPORTS FY 3Q TONIGHT; WE'LL BE LOOKING FOR REASONS TO STAY
BULLISH

04:29PM EST  8-NOV-00 CIBC WORLD MARKETS CORP. (STEVE PUCKOWITZ)
INDUSTRY: WINSTAR CONVERTIBLES

09:00PM EST  8-NOV-00 SALOMON SMITH BARNEY (JOHN B. JONES JR.) HWP
HWP: 4Q00 EPS EXPECTED SOLID

 <<11.09.00 Analyst Reports.doc>>

The analyst reports provided are reports prepared by independent analysts
who monitor and track Compaq's performance.  These reports are not prepared
by or at the direction of Compaq and as a result, Compaq is not endorsing or
verifying the information contained in these reports or endorsing any of
these analysts.   These reports are being provided solely for business
reasons and as a result, do not distribute these reports to other
individuals outside of Compaq.  If other individuals are interested in
receiving the reports provided herein, please contact Elizabeth Davis in
Compaq's Investor Relations Department at elizabeth.davis@compaq.com.

Elizabeth Davis
Compaq - Investor Relations
Research Analyst
281-518-4289

 - 11.09.00 Analyst Reports.doc


Energy Central Daily Gas News


Attached is the preliminary report for March, 2001.  Please note that there
are overlays that were completed in the system TODAY, but most were completed
prior to this distribution and notification was sent at the time the changes
were made.

Please also note that I will be out of the office tomorrow, so I will make
the shortname changes in GCP this evening, after 5:p.  ERMS IT will make its
changes tomorrow morning, Friday, March 16.

Records will be inactivated on April 2, 2001.

We have made a few changes to our Name Change/Merger Notification Report - it
now has a new look and a couple of features we hope will assist you.  For
more information, please click below:

Each month now has two sheets, a summary sheet (eg Jan 01 Changes) and a
detailed sheet (eg Jan 01).
Click below for more information:

The summary sheet can be used to view all changes after a certain date.  If
you're aware of all changes up to, say, January 15th enter 01/16/2001 in cell
C6 of the Summary Sheet and click the Sort button in cell H6.  All changes
made to the report on or after January 16th will be listed automatically.
The Summary sheet may also be sorted for certain criteria - use the drop down
arrows alongside the column headers to make your selection.

This sheet contains all the information you are used to seeing, but slightly
reformatted.  Key points are:
In the case of an Inactivation, the cause of the Inactivation (eg Merger) is
listed in the Comments section
As with the previous format,
all months' reports will be sent cumulatively throughout the year
the report will be sent out twice each month, on the 15th and at the end of
the month.

It is our aim to publish the report in Livelink and to send out only the
summary sheet and a URL for the detailed report each month.  This will save a
lot of space in Lotus Notes and we hope it will streamline your monitoring
process.

We'd be very happy to receive any comments you may have.


Here's where we stayed on our honeymoon  www.whalewatchinn.com


We are looking at giving an offer for a bankruptcy swap to Equilon
Enterprises LLC (formerly Shell Aviation US) to cover Northwest Airlines.

Is Equilon an approved counteraprty?

Regards

Tomas


Kay - I believe this was brought on by the most recent push to wrap up more
loose ends, particularly breaking out risk books to individual traders.  As
such, we need to get a few things done.  Those that impact you, or anyone
else you direct me to, are:
1-Appointments
2-A CA for all persons working on behalf of enovate.  This is meant to be
signed by both Peoples and Enron employees and is meant to prevent
dissemination of confidential information outside of each respective parent
organization. Ed Hearn prepared another CA for enovate recently and I could
ask him to work on this if you would like.  Just let me know.

I have a few other things, but I am being yelled at to come to a meeting.

Thanks - Gregg

	Kay Mann
	02/01/2001 07:05 AM

		 To: j.nassos@pecorp.com
		 cc: Gregg Penman/Corp/Enron@Enron
		 Subject: Re: Confidentiaility Agreements regarding enovate

Hi John,

I'm out of town, but will give this a look when I return.

Kay

j.nassos@pecorp.com on 01/30/2001 05:16:08 PM
To: Kay.Mann@enron.com
cc: Gregg.Penman@enron.com, t.hermann@pecorp.com, r.dobson@pecorp.com

Subject: Confidentiaility Agreements regarding enovate

Hello Kay -

It's been a long time since we've last spoken and I hope things are well.
In November, Gregg Penman had sent me two confidentiality agreements related
to enovate and asked that I forward any comments to you directly.  I finally
have reviewed them and have a couple comments.

The only proposed changes that need explanation are in paragraphs 1 and 3 of
each agreement.  Paragraphs 1 and 3 are typical provisions in a
confidentiality agreement where each side is evaluating a transaction.
However, the confidential information disclosed under these particular
agreements is going to be used not only for trading activities but also in
connection with audit rights related to an existing and ongoing contractual
relationship.  The confidentiality agreements should not affect enovate's
and PMW's rights under the LLC Agreement.  Accordingly, the proposed changes
are my attempt to clarify the usual text.

Please call if you wish to discuss.  I believe my procrastination has
resulted in the business people wanting to sign these up next week, so your
attention to this is appreciated.  Thanks.

 <<Conf Ag enovate L.L.C. (evaluation of enovate LLC) v1 ENOVATE CMTS
MRK.doc>>  <<Conf Ag Peoples Energy Resources Corp. (evaluation of enovate
LLC) revision 3 PEC CMTS.doc>>

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

 - Conf Ag enovate L.L.C. (evaluation of enovate LLC) v1 ENOVATE CMTS MRK.doc
 - Conf Ag Peoples Energy Resources Corp. (evaluation of enovate LLC)
revision 3 PEC CMTS.doc


FYI
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 04/24/2001 02:39 PM
---------------------------

Christopher F Calger
04/24/2001 01:59 PM
To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Northwestern Deal

Sounds great.

	Enron North America Corp.

	From:  Ben F Jacoby                           04/24/2001 09:38 AM

Sent by: Ben Jacoby
To: Christopher F Calger/PDX/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron, W David Duran/HOU/ECT@ECT, Chris
Booth/NA/Enron@Enron
Subject: Re: Northwestern Deal

Chris:

1. I have not analyzed the TurboPark deal to determine what would constitute
an event of default in that deal and at the same time preclude our ability to
exercise our call option. Finance / Accounting have not provided specific
guidance on this.

2. We have spoke to GE. We have advised them of the deal with Northwestern.
We do not believe the acknowledgement and consent will be a problem, and that
it will follow the same discussion process as has been going on regarding
Pastoria.

3. NW does not have negotiating rights on the acknowledgement and consent.
They must accept it to the extent the one we receive for this deal is
substantially the same as the one for Pastoria (we've attached the Pastoria
form to the letter agreement).

4. If NW flakes, we keep the $8 million, can sue them to close, and can
resell the units. This remote scenario would likely provide us with
additional upside.

5. The only scenario that we don't get paid are the two scenarios outlined in
my previous e-mail: we cannot obtain the GE acknowledgement and consent, or
we otherwise cannot effect the assignment because of a default in E Next. NW
does not have any other outs.

6. The income from the deal is expected to be at least $8 million, but could
be as high as $10 million depending on the exact closing date, and potential
LDs we may receive from GE. I've attached the DASH which contains an income
analysis.

Regards,

Ben

Christopher F Calger
04/24/2001 10:28 AM
To: Ben Jacoby/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc: W David Duran/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron
Subject: Re: Northwestern Deal

Ben and Kay,

What is our performance obligation to E;Next?

Have we spoken to GE re consents?  Is GE going to be difficult because this
is the Frame division, not the Lee J and the LM6000 team?

Does NW have any discretion / approval rights / negotiating rights w/ respect
to the assignment to the LLC?

If NW flakes, can we keep the $8MM or do we have to resell and sue for any
shortfall?

In what scenario(s) would we not get fully paid?

Assuming Sep 1, what is the income from this deal?

Regards,

Chris

	Enron North America Corp.

	From:  Ben F Jacoby                           04/24/2001 08:25 AM

Sent by: Ben Jacoby
To: W David Duran/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron
Subject: Northwestern Deal

Dave / Chris:

I wanted to give you both a heads up that the Northwestern (NW) GE 7EA deal
should close today or tomorrow, and advise you of a related earnings
recognition issue.

The deal that we are on the path of closing is consistent with the executed
DASH and works as follows: at the signing of the letter agreement, NW pays
ENA $3 million, with another $5 million paid on July 15 (the Turbine
Deposits). The balance of $40 million is paid by NW at such time as the
assignment of the turbine contract is made to the LLC, and ENA sells the LLC
member interests to NW. The outside date for this to occur, via a notice
provided by NW, is Sept. 1. The $8 million paid by NW, and the obligation to
purchase the member interests is a firm commitment guaranteed by Northwestern
Corp. The only condition to NW's obligation to purchase the member interests
is that ENA effect the assignment of the turbine contract into the LLC. If
ENA does not effect the assignment, then NW would also be entitled to a
return of the $8 million in Turbine Deposits.

This structure is the same we followed for the Intergen deal which closed in
January, except the Intergen deal did not have an extended period between the
date of execution of the letter agreement, and the turbine contract
assignment. In the Intergen deal, ENA did not receive any payments prior to
the assignment and sale of the member interests.

The earnings issue raised by accounting (Herman Manis) is that,
notwithstanding NW's firm commitment to purchase, ENA has two (albeit very
minor) performance obligations. First, ENA has to obtain an Acknowledgement
and Consent from GE prior to or concurrent with exercising its purchase
option with E Next and assigning the turbine contract to the LLC  (we have
had to do this for every turbine transaction). Second, ENA has to perform
under its agreement with E Next in that if there is an event of default prior
to the time we effect the assignment, we theoretically could loose our
purchase option right with E Next and be unable to perform under our
agreement with NW. We have suggested to Herman that both of these items are
perfunctory in nature, and that all income from this transaction should be
recognized upon execution of the letter agreement, We have further stated
that we could obtain a letter from GE solving the first issue, but there is
no solution to the second issue. Herman advised us that to the extent we
receive a letter from GE on the first issue, and can convince Arthur Anderson
that the second item is perfunctory in nature, we could recognize all income
upon execution of the letter agreement (prior to the actual assignment of the
turbine contract to the LLC). He did not think we had a good case relative to
the second issue, and is reluctant to approach Arthur Anderson.

Thus, based on the above, in a worst case we may not be able to recognize any
income form this transaction until Q3. While we think we have a shot at
getting accounting to change their position, we do not think that this
outcome should change our position on the deal as the underlying
profitability is significant. The deal is also consistent with the approved
DASH. We therefore recommend that we proceed with the execution of the letter
agreement, and then decide as to how we should proceed on the income
recognition issue depending on your views regarding income being recognized
in Q2 vs. Q3.

Please advise me if you are OK with us closing on the deal as scheduled, or
if you have any other questions.

Regards,

Ben


I think this is for you.

---------------------- Forwarded by Susan M Scott/HOU/ECT on 04/19/2001 09:48 AM ---------------------------

	  From:  Christi L Nicolay                           04/19/2001 09:31 AM

To:	Susan M Scott/HOU/ECT@ECT
cc:
Subject:	Entities that do not need FERC power marketing authorization

---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/19/2001 09:31 AM ---------------------------

	  From:  Christi L Nicolay                           04/18/2001 05:44 PM

To:	Paul Kaufman/PDX/ECT@ECT, Jeff Brown/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Aleck Dadson/TOR/ECT@ECT, Daniel Allegretti/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Tom Hoatson/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Jean Ryall/NA/Enron@ENRON, Tom Chapman/HOU/ECT@ECT, Janine Migden/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Dan Staines/HOU/ECT@ECT, Mike Roan/ENRON@enronXgate, Joe Connor/NA/Enron@Enron, Kerry Stroup/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andy Rodriquez/Enron@EnronXGate, Lloyd Will/HOU/ECT@ECT, steve.wang@enron.com, ebaughm@enron.com, terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com, kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com, patrick.hanse@enron.com, Karla Compean/Enron@EnronXGate, Kerry Stroup/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Jeff Brown/NA/Enron@Enron, Russell Ballato/NA/Enron@Enron, Don Baughman/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Maria Valdes/Corp/Enron@Enron, John Kinser/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Jeff King/Corp/Enron@Enron, Robert Benson/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Brad Morse/HOU/ECT@ECT, ozzie.pagan@enron.com, heather.kroll@enron.com, david.fairley@enron.com, george.mccormick@enron.com, wjennin@enron.com, joseph.wagner@enron.com, elizabeth.johnston@enron.com, bill.rust@enron.com, Reagan Rorschach/Enron@EnronXGate, Edith Cross/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Jennifer Bagwell/Enron@EnronXGate, Billy Braddock/Enron@EnronXGate, mike.curry@enron.com, drew.tingleaf@enron.com, cahn@enron.com, Edith Cross/HOU/ECT@ECT, Greg Trefz/Corp/Enron@ENRON, Berney C Aucoin/HOU/ECT@ECT, Michelle Parks/Enron@EnronXGate, jader@enron.com, Michael Brown/Enron@EnronXGate, mark.bernstein@enron.com, john.llodra@enron.com, janelle.scheuer@enron.com, George Wood/Corp/Enron@Enron, David Guillaume/Enron Communications@Enron Communications, joe.gordon@enron.com, splauch@enron.com, jennifer.n.stewart@enron.com, tom.dutta@enron.com, Posey Martinez/HOU/ECT@ECT, Jim Meyn/NA/Enron@Enron, Berney C Aucoin/HOU/ECT@ECT, Pearce W Hammond/Enron@EnronXGate, Garrett Tripp/TOR/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Robert Frank/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, David Portz/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT, Chris Lackey/PDX/ECT@ECT, Vicki Sharp/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Ray Alvarez/NA/Enron@ENRON, Steve Van Hooser/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT
cc:

Subject:	Entities that do not need FERC power marketing authorization

We have been getting questions about the ability of potential customers to sell power onto the grid to EPMI.  Below is a brief outline of the FERC licenses required.  Customers other than those listed below (including non-QF industrial on site generators) need a power marketer license from FERC.  In most cases, such customers do not need to file for EWG status (unless their primary business is as a utility, like Enron).

In addition, both EPMI and EES filed at FERC for authorization to perform certain power marketer license functions on behalf of industrial on-site generation customers.  We expect the authorization within a month.  I'll let you know when we receive it and what we can do for customers.

---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/18/2001 05:22 PM ---------------------------

"Andrea Settanni" <asettanni@bracepatt.com> on 04/18/2001 05:17:11 PM
To:	<christi.l.nicolay@enron.com>
cc:	"Dan Watkiss" <dwatkiss@bracepatt.com>

Subject:	Entities that do not need power marketing authorization

Christi-

This email briefly responds to your question whether state agencies or municipalities and qualifying facilities ("QFs") must obtain power marketing authorization.  The answer is no.

With regard to state agencies or municipalities, section 201(f) of the Federal Power Act ("FPA") states that no provision of Part II of the FPA, which governs the regulation of electric utility companies engaged in interstate commerce, "shall apply to, or be deemed to include, the United States, a State or any political subdivision of a state, or any agency, authority, or instrumentality of any one or more of the foregoing, or any corporation which is wholly owned, directly or indirectly, by any one or more of the foregoing, or any officer, agent, employee of any of the foregoing acting as such in the course of his official duty, unless such provision makes specific reference thereto."

Section 205 of the FPA, which would would otherwise require an entity to have rates for wholesale sales of power on file with FERC, does not apply to state agencies and municipalities.

With regard to whether QFs need power marketing authorization, most QFs are exempt (some small power production facilities are not exempt) from most provisions of the FPA, including section 205, which requires public utilities making sales of electric energy for resale in interstate commerce to file rate schedules with FERC.  QFs are instead regulated under PURPA, which authorizes utilities to purchase power from QFs at the purchaser's avoided cost.  FERC decisional precedent indicates that a QF can lawfully sell at market-based rates without seeking market-based rate authorization from FERC, but that it may nevertheless be prudent for a QF to seek FERC acceptance of a market-based rate schedule that would provide protection in the event QF status is lost.

Let me know if you need anything else.

Andrea M. Settanni
Bracewell & Patterson, L.L.P.
2000 K Street, N.W.
Suite 500
Washington, D.C.  20006-1872
(202) 828-7631 (phone)
(202) 857-2128 (fax)
asettanni@bracepatt.com


We have received the executed EEI Master Power Purchase and Sale Agreement
dated 2/2/2001 from the referenced CP.  Copies will be distributed to Legal
and Credit.


Dear PIRA Client:

Attached please find a PIRA Special Report: 2001 North Sea Oil Production.
If you have any questions regarding this report please contact Dr. Gary N.
Ross or Bill Fuller at 212-686-6808.

Regards,

PIRA Energy Group

 - NseaApr01.pdf


Start Date: 1/11/02; DayAhead market;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011116.txt


Mark, let's talk if Mark H. is still interested. I am sure we could work out
some convenient date in Sept.

-----Original Message-----
From: Mark.Taylor@enron.com [mailto:Mark.Taylor@enron.com]
Sent: Wednesday, July 18, 2001 3:58 PM
To: IMCEANOTES-David+2EYeres+40CliffordChance+2Ecom+40ENRON@ENRON.com
Subject: RE: Proposed Audit Presentation

David -

Apologies for my silence.  I need to check with Mark H. and make sure he is
still on board but I think it is a good idea and would suggest we try and
schedule something for early September.

Mark

    -----Original Message-----
   From:   David.Yeres@CliffordChance.com@ENRON

[mailto:IMCEANOTES-David+2EYeres+40CliffordChance+2Ecom+40ENRON@ENRON.com]

   Sent:   Wednesday, July 18, 2001 9:52 AM
   To:     Taylor, Mark E (Legal)
   Subject:  FW: Proposed Audit Presentation

   Mark,

   Is this still of interest?

   David Yeres

   >  -----Original Message-----
   > From:      Yeres, David (Financial Products-NY)
   > Sent:      Tuesday, June 26, 2001 2:45 PM
   > To:   'mark.taylor@enron.com'
   > Subject:   FW: Proposed Audit Presentation
   >
   >
   > Mark,
   >
   > Further to mine of June 8th, do you think there is any continuing
   interest
   > in your shop for the contract audit matter we discussed?  By the way,
   was
   > Enron's building spared in the recent floods that we read about?
   >
   > Regards,
   >
   > David
   >
   >
   >  -----Original Message-----
   > From:      Yeres, David (Financial Products-NY)
   > Sent:      Friday, June 08, 2001 12:19 PM
   > To:   'mark.taylor@enron.com'
   > Subject:   Proposed Audit Presentation
   >
   >
   >
   >
   > Mark,
   >
   > I haven't heard back on scheduling the contract audit presentation. Is
   > this on the back burner or have you decided not to proceed at this
   time?
   >
   > David Yeres
   > Clifford Chance Rogers & Wells
   > 200 Park Avenue
   > New York, NY 10166
   > Tel:   (212) 878-8075
   > Fax:  (212) 878-8027
   > email:  david.yeres@cliffordchance.com
   >
   >
   >

   *******

   This message and any attachment are confidential and may be privileged
   or otherwise protected from disclosure.  If you are not the intended
   recipient, please telephone or email the sender and delete this message
   and any attachment from your system.  If you are not the intended
   recipient you must not copy this message or attachment or disclose the
   contents to any other person.

   For further information about Clifford Chance please see our website at
   http://www.cliffordchance.com or refer to any Clifford Chance office.


This is who both Wanda and Meredith Eggleston used to help them set up their trust.  He is suppose to specialize in Estate and Trust preparation.  I told Mom this morning that I was not confident that Larry has the detail knowledge that we need to get this all set up properly.  She agreed and she said she did not have a problem if we got a second opinion on everything.

---------------------- Forwarded by Cynthia Morrow/HOU/EES on 09/27/2001 02:15 PM ---------------------------
From:	Wanda Curry/ENRON@enronXgate on 09/27/2001 09:08 AM
To:	Cynthia Morrow/HOU/EES@EES
cc:
Subject:	Phone Numbers

FYI

Ronald L Lipman - Lipman & Assoc 2719 Colquitt St Houston, TX (713) 840-9600
Great talking to you.

Wanda


Steve - take a look at this and contact the sponsor with a yes or no.  Thanks
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/10/2001
09:23 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Sherri Sera                           05/09/2001 12:06 PM

To: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron
cc:

Subject: Virginia Manufacturers Association Seminar -- June 19, 2001

Is this anything we want to get involved in?  SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 05/09/2001
12:07 PM ---------------------------

rdcarson@aep.com on 05/09/2001 11:46:21 AM
To: sherri.sera@enron.com
cc: swalker@vmaonline.org, blanchfield_wl@nns.com

Subject: Virginia Manufacturers Association Seminar -- June 19, 2001

Sherry, thanks for your guidance concerning the possibility of an Enron
participant for the VMA's Seminar on Electric Utility Restructuring
scheduled for June 19, 2001.  I serve as Chairman of the VMA's Energy
Resources Committee which will be responsible for the seminar and the
day-long agenda it will entail.

As I explained, depending upon the availability of Mr. Skilling or another
key individual, the VMA  is offering Enron an opportunity to participate in
its seminar in an important way.  We seek to have Enron speak on the
subject of the developing competitive market and how that market may be
accessible and beneficial to VMA's member manufacturers which include many,
if not most, of the large companies residing in Virginia.  The purpose of
the seminar is entirely educational, as customers in Virginia will be able,
under the terms of the Electric Utility Industry Restructuring Act passed
in 1999, to choose their supplier of electricity as early as January 1,
2002, and by no later than January 1, 2003.  The subject is becoming a high
priority for VMA members, given the prominence of energy issues today
generally, and the imminence of the date when choice will be available to
Virginia customers.

We envision that Enron's message could be encouraging for VMA members who
today hear much about the dilemma in California (another seminar
participant will speak on the status of restructuring initiatives in
California and other states) and understandably wonder about the prospects
for successful competition and effective choice in Virginia.  Enron could
hopefully explain how market benefits might accrue to manufacturers once
the day of choice arrives, touching on Enron's online trading platform,
aggregation possibilities (an alternative which the VMA, as an umbrella
organization, is considering), and related topics.

The seminar will begin at 8:30am and conclude at 4:30pm, with the possible
Enron presentation beginning immediately following lunch at 1:00pm.  We
expect good attendance on the part of VMA members, and plan to offer
attendance opportunities to regulatory commission personnel, legislators
and others who have been closely involved  with the development of the
Virginia restructuring model as it has evolved over the past five years or
so.

I will appreciate hearing from you at your earliest convenience, and again
thank you for your assistance.  I will be happy to discuss the particulars
with you or anyone else, should that be helpful, and can be reached at
AEP's state office in Richmond at 804-698-5511.


I thought you were taking care of all that Tiger??
---------------------- Forwarded by Chris Germany/HOU/ECT on 01/25/2000 01:36
PM ---------------------------

	From:  Joan Veselack @ ENRON                           01/25/2000 01:16 PM

To: Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT
Subject: Letter to TCO

Colleen has signed the letter and it has been FedX for arrival at TCO
tomorrow.

Susan Wade is presently upset that we are using Team 3 and not her  Team. She
overheard Chris Germany talking to Steve Stonestreet today. She overheard
Cindy Burnette working on Union Camp for me yesterday. We need someone from
Enron to smooth this over with her.

Please decide who will be giving Susan Wade the courtesy call about the
change. Not sure what timing is best... today or tomorrow.

Thank you.


QB   Brunell     JAX
   RB   Smith       DAL
   RB   Rhett        CLE
   WR  Moss       MIN
   WR  Crowell   DET
   WR  Glenn      NE
   K       Mare       MIA
   D      MIA


Please plan to attend the local UBS HR Presentation given by Gabrielle Hagele and Chris Lue tomorrow, Thursday, 1/24/02 at 2:00 PM in the Mt. Hood Conference Room.  The presentation will detail UBS Benefits and UBS HR Policies.  Time is also set aside for Question and Answers.

Several UBS HR required forms will be distributed during this meeting.  These forms are required to process payroll and enroll in the benefit plans.  If you are unable to attend this meeting, please contact me or one of the UBS HR personnel.   See you then!