Dear Jeffrey,

I meant what I said about you showing a great deal of character to talk to
what was in the best of conditions  an " unfriendly " crowd. You could have
stayed in Texas, or not made public a public appearance. Either way you
didn't have to make the effort.

 I am sure you have given your presentation a great deal of thought. If
could I  offer a suggestion.
 You correctly identified the ugly side of human nature which needs someone
to blame. No one has a problem blaming the regulators but there is still
this outstanding question who is profiting. If sales of power have gone from
7bln in 99, 27bln in 2000 and 50bln in 01. Who is profiting?  The cost of
generation has not risen this much, so someone is making a large profit. You
alluded to municipal power generators but the more specific you can be,
break it down etc, the more believable it will be that Enron is not an evil
energy company pocketing Californians money.

 Secondly, Enron has a great opportunity to be visible in promoting
alternative sources, and or mass transportation improvements. To set an
agenda for the country that is responsible and progressive.

Sincerely

Tim Cook
Managing Director
Techpacific


Mary:  Thanks for the email.  No, I cannot use Ofelia on June 18 and I do not
want a substitute while she is gone.

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

	Mary Ogden
	06/01/2001 04:27 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Ofelia Q

Dear Sara:  Ofelia says that if you like, she can work for you on Monday,
June 18 since she won't be in town that Thursday, when she's supposed to work
for you.  Please advise if you'd like her to come on the 18th.

Please also advise if you'd like a sub while she's gone to Colombia.

Thanks,
Mary
x37796


Attached please find my 11/1/00 discussion outline with Bob Baird's thoughts
in italics.  Some of Bob's concerns are covered by current DealBench
agreements (e.g., site license and access agreements).

Today, Bob, Mark Taylor and I discussed possible EOL exchange related issues
involved in a DealBench/EOL auction relationship.  The analysis may be
complicated by unrelated DealBench exchange issues raised by other DealBench
business plans.  Based upon a subsequent discussion with Suresh this
afternoon, EOL exchange issues may be alleviated by latest plan to include a
separate DealBench powered area within EOL for auctions with a link to
DealBench merely for PR purposes (rather than a link from EOL to DealBench
for EOL auctions to be conducted on DealBench).  Other unrelated exchange
issues noted in outline may still need to be resolved depending upon
DealBench business plans.

As Suresh and I discussed, we need to further discuss some of the issues
raised in the outline as DealBench business plans further develop.  Please
keep in mind that we (legal) may need some lead time to resolve issues,
particularly if regulatory authorities are involved (e.g, we decide to seek
SEC or CFTC no-action relief).

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com
----- Forwarded by Nora Dobin/Corp/Enron on 11/15/2000 07:31 PM -----

	"Baird, Bob" <RBaird@velaw.com>
	Sent by: "Matthews, Rebecca" <rmatthews@velaw.com>
	11/15/2000 10:35 AM

		 To: "'melba.trevino@enron.com'" <melba.trevino@enron.com>
		 cc:
		 Subject: FW: DEALBENCH, LLC

>  -----Original Message-----
> From:  Baird, Bob
> Sent: Tuesday, November 14, 2000 11:36 AM
> To: Dobin, Nora (Enron)
> Cc: Harvey, Dean
> Subject: DEALBENCH, LLC
>
>  <<162631_1.DOC>>
> Nora: I took your outline and put my current thinking in italics.
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

 - 162631_1.DOC


HEREWITH A LETTER THAT KEN MIGHT WANT TO SEND TO CALLUM MCCARTHY
Dear Callum,
I much enjoyed chatting with you in Aspen: it is always a relief to meet
a regulator who tries to get the process right, and then lets the chips fall
where they may.
In its efforts to remain open to new ideas, Enron has established an
advisory council consisting of academics, business people, political gurus
and the like (Irwin Stelzer is a member). This council meets twice a year
with Enron executives. Our next meeting is scheduled for October 31 at our
London headquarters ( we have a dinner the previous evening, at which we
review the state of political play around the world; you might find it
interesting).
One of the suggestions at the Aspen meeting was that traditional
regulation of energy markets might usefully give way to, or at least learn
some lessons from, financial regulation. Since you are one of the few
regulators who has had experience both in financial markets and in utility
regulation, we are hoping that you might be willing to share some ideas with
us on this subject. A 30-minute talk followed by what I promise will be a
very lively discussion would be perfect from our point of view.
We know how pressed you are for time, but are hoping you will favor us
with your thoughts on this interesting and difficult subject.
KEN: I don't think you can offer him a fee.


We are pleased to announce that Greg Piper has been named President and CEO of Enron Net Works effective immediately.   Mark Pickering will join Greg in the Enron Net Works Office of the Chair as Chief Technology Officer and will relocate from London to Houston.

Mark joined Enron's IT development group in Houston in 1995 and has been Vice President and Chief Information Officer of Enron Europe since January 1998.  Mark has had responsibility for Enron's systems development and infrastructure outside of the Americas and has played a key role in supporting the growth and expansion of our business.

Paul Freeman, who is currently part of the Enron Metals management team in London, will replace Mark as Chief Information Officer for Enron Europe.

Please join us in congratulating Greg, Mark and Paul on their new roles.  We look forward to their contributions toward our continued success.


Update:  Based on Charles' great MRD presentation to Power Trading, the
traders have some ideas about this.  I'll provide more info as soon as I get
it from them.

To: Charles Yeung/HOU/ECT@ECT
cc: Sarah Novosel/Corp/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@Enron, Shelley Corman/ET&S/Enron@ENRON, Richard
Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES, Lloyd Will/HOU/ECT@ECT
Subject: Re: OATI may have bids/offers on MRD

We need to determine whether Enron should work toward a bulletin board for
MRD on Enron Online if OATI is already working on one.  If so, we would need
to act quickly in order to compete with OATI for the summer (if we even want
to do that since OATI had a very good tagging agent that Enron's tagging
system really didn't compete with).  OATI already has the online auctioneer
and is working on adding the MRD bids/offers.

Also, if Enron Online wants Enron in the middle of every transaction as a
sleeve (unlike a third party bid/offer platform), then we need to consider
that since all MRD transactions are physical, this will add to the FERC costs
that Enron will pay (at least until we get a final rule from FERC on costs).
Additionally, the market may not take to MRD as well if Enron is the sleeve
on all transactions.

To: Christi L Nicolay/HOU/ECT@ECT
cc: Sarah Novosel/Corp/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@Enron, Shelley Corman/ET&S/Enron@ENRON, Richard
Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES
Subject: Re: OATI may have bids/offers on MRD

The OATI folks have been pretty cose to the NERC MRD activities.

I have provided Nelson Mueller (OATI) with some thoughts on how to simplify
the MRD set-up process.  (This involves the steps marketers must perform to
figure out what generation and how much is needed for redispatch.)

I knew that OATI has been responsive to facilitating the MRD procedures in
the ETAG software and were interested in being a bulletin board for the bids
and offers.  However, would OATI provide more than just a bulletin board?  I
suspect they will not back up these products financially llike Enron OnLine
could.

Additionally, NSP's generator marketer has asked me if our traders would be
interested in a "contracted one-stop" MRD service utilizing NSP's uncommitted
reserve generation capability.  These units are on the "good" side of the
Eau-Claire Arpin interface in MAPP/MAIN.  I will offer this in my
presentation tomorrow to the traders.

	From:  Christi L Nicolay                           04/24/2000 01:13 PM

To: Charles Yeung/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@Enron, Richard
Ingersoll/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Shelley
Corman/ET&S/Enron@ENRON, Richard Shapiro/HOU/EES@EES, Steven J
Kean/HOU/EES@EES
cc:
Subject: OATI may have bids/offers on MRD

Charles--The OATI group was here today to teach EPMI about the OATI products
that we are using.  OATI said that it is investigating whether to implement a
generation bid/offer service platform on OATI.  Charles--Any thoughts?

Note:  The fact that Enron has contracted with OATI for services is
"confidential."


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
04:22 PM ---------------------------

Zimin Lu
12/15/2000 03:11 PM
To: John J Lavorato/Corp/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
Subject: WTI trading simulation presentation

John,

I prepared the presentation in the way we discussed on Wednesday.
In summary I have included the following scenarios:

Tenor:  1, 3, 5 years back from Nov, 2000
               1, 3, 5 years back from Nov, 1998
               1, 3, 5 years back from Nov. 1995

Number of trade per day:  200, 600,1000

Bid-offer spread:  $0.04 and $0.06

Net Open position allowed: 1,000,000 and 5,000,000

Volume per trade is fixed at 1,000 BBL.

All together, there are 9*12 =  108 scenarios included in the presentation.

I will be on vocation starting next week.  But I will check my e-mail and
phone
messages to make modifications you need.

Happy Holidays,

Zimin


Enron Admits it's Really Argentina...  Here's the article!!  I knew it!!!

							Mog

 -----Original Message-----
From: 	Huang, Jason
Sent:	Monday, December 03, 2001 4:08 PM
To:	Heu, Mog
Subject:	enron-argentina

 http://www.satirewire.com/news/0111/enron.shtml


Thanks for the update - I can't say I'm too sorry about any delay since I
haven't had a spare moment to look at them yet anyway.  This project moves so
fast and there's so much to do it's scary!


The Approval status has changed on the following report:

Status last changed by: Rosalee T. Fleming
Expense Report Name: Lunch
Report Total: $46.05
Amount Due Employee: $46.05
Amount Approved: $46.05
Amount Paid: $0.00
Approval Status: Approved
Payment Status: Pending

To review this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Mr. Straszheim -

Mr. Lay did receive your e-mail - per your telephone call to us last evening.

Rosalee

Donald Straszheim <dstraszheim@milken-inst.org> on 02/01/2000 05:57:07 PM
To: Kenneth Lay/Corp/Enron@Enron
cc: John Quintanar <jquintanar@milken-inst.org>, Patricia Contreras
<PContreras@milken-inst.org>
Subject: Milken Institute Conference Sponsorship

Ken,

I hope all is going well at Enron.  I know you and/or your people have been
discussing with Glenn Yago our so-called Emerging Domestic Markets Project.
It is an exciting one and we look forward to Enron's support, involvement,
participation and leadership.  Glenn will be in touch as the project
unfolds.

Now I am contacting you about our upcoming Global Conference, March 8-10,
2000 in Los Angeles.  There are two issues.

First, I am sure you are aware, we are holding our third annual Milken
Institute Global Conference March 8-10, 2000 at the Beverly Hilton Hotel in
Los Angeles. A copy of the program is attached. This year's event will have
a heavy contingent of institutional investors, corporate leaders, and
technology, media and policy people in the audience.  On the program, we
have nine Nobel Laureates, several CEOs of major corporations, and other
heavy hitters.  As you can see, there is a major technology slant to this
year's program.  It will be a great event.  We would love to have some
representation from Enron in the audience.

Second, we are still accepting corporate sponsorship for the event.  I have
attached a copy of our Sponsorship Opportunities brochure that describes the
various levels ($10K - $100K), and the benefits of each sponsorship tier.
This is a great program to be associated with - both high-quality speakers
and a prestigious audience.  Mike Milken and I hope to be able to count on
your organization for support.

We anticipate a global audience of 1,500 - senior people from the financial
sector, business, technology, academia, the policy community and all the
major media.  In just two years, our Global Conference has become a
significant and influential gathering for discussion, debate and networking
on key business, economic, financial and policy questions.

I hope we can count on you.

Regards,

Donald H. Straszheim
President
Milken Institute
1250 Fourth Street, Second Floor
Santa Monica, CA  90401
Tel:    310.998.2620
Fax:   310.998.2641
E-ml:  dstraszheim@milken-inst.org

 <<GC 2000 Update 1_31_00.pdf>>  <<Sponsorship Tiers GC 2000pdf1.pdf.pdf>>

> Don't miss the Milken Institute's annual Global Conference, March 8-10,
> 2000, in Los Angeles. For program and registration information, go to our
> web site at http://www.milken-inst.org.
>
>
>
>
>
>
>

 - GC 2000 Update 1_31_00.pdf
 - Sponsorship Tiers GC 2000pdf1.pdf.pdf


I am working on this now and will be working more with Don and the team this morning.  Many of the number need to be updated, particularly the credit reserve, which has come down given what we know about our risk mitigation structure.


We have decided to use:  Voyager Development Company, L.L.C. for the new
Homestead land option.  We had initially planned to use it for an option that
we let go (Option Agreement never got assigned to Voyager either).  According
to Greg Krause, the only thing associated with Voyager was an old
interconnect study request that was paid for and never used.  I feel
confident that Voyager is "clean" to use.

Kathleen
 -----Original Message-----
From:  Ann Elizabeth White
Sent: Saturday, May 19, 2001 12:19 AM
To: Kathleen Carnahan
Subject: New lease option

I talked to Kay about the new land option Greg will be negotiating this
weekend in Homestead.  She said to put the options in the terminal company,
not Lauderdale Land, LLC as you had suggested.  Pick one of the other LLCs
for me and let me know the name.

Thanks.


We have received the executed Non-Disclosure Agreement between Enron Net
Works LLC and EnronOnline, LLC and the referenced Counterparty dated
12/28/00.  Copies will be distributed.


Buy Apache  #384247
Buy Williams 384237
Sale Tenaska 384258
Trans Capacity Lone Star 452491&452475

Spot sales will be on various tickets throughout each month.  Deals are under
the Cleburne Intramamonth Position in Sitara.

D


We cannot extend #151203.  I created a new deal for January 200 forward
(#212401).

Julie - Will you attach a contract.

D

   Aimee Lannou                03/06/2000 02:47 PM

To: Daren J Farmer/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT
cc: Karen Lindley/Corp/Enron@ENRON
Subject: Feedback Error - 1/00

Could one of you please extend deal # 151203 for meter 1595?  This deal
expired 12/31/99.

Thanks.

Aimee
---------------------- Forwarded by Aimee Lannou/HOU/ECT on 03/06/2000 02:45
PM ---------------------------

	Enron North America Corp.

	From:  Karen Lindley @ ENRON                           03/06/2000 09:58 AM

To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: Feedback Error - 1/00

Aimee,

There is a feedback error on swing meter 981595, deal number 151203 for
January 2000.  POPS and MOPS systems match, however in checking in Sitara,
the deal number attached expired 12/31/99.

I am not sure you are the correct person to address this with, if not, please
let me know.  If you can fix this problem, please do so and let me know.

Thanks and let me know if you need any addtional data as well.

Karen
X58381


I've done some research in relation to securing a 1-800 # for Project Summer
and the following steps will need to be taken if we decide to move forward
with this:

We must establish where the 1-800 # is going to ring.  For example, it must
ring through at an assigned 5  digit extension (i.e. similar to all internal
Enron extensions) that the Enron Move Team will have to create (1 day).

AT&T must be informed of the designated extension # to set up the 1-800 # and
to electronically route the 1-800 # to that point (typically 10-14 days BUT
they do offer 1-800 #s for emergencies - i.e. disaster areas - which they can
set up in 2-3 days).  If we do move forward, I imagine that we will request
this 2-3 day set up service, since we have already past meeting the 10-14 day
deadline).

Our internal telephone department must be informed of how many tiers we would
like on the system for the correct software to be written - this will take
2-3 days.  For example, I believe we would like callers to have language
options and business unit options - tier one, may sound as follows: "You have
reached....press 1 for CALME, press 2 for APACHI, etc."  Then the second tier
may sound as follows: "...press 1 for Spanish, press 2 for Portugese, etc."

Will we need to recruit staff internally, who represent the required spectrum
of languages, to listen to the voice mail messages and email the questions to
the appropriate business unit PR contact for responses?

Overall Timing

Move team = 1 day
AT&T  = 3 days (simultaneously with tiers)
Tiers  = 3 days (simultaneously with AT&T)

Total  = 4 days

Overall Cost

AT&T Toll # Cost  = $10.00

AT&T Install   = $10.00

International Long Distance Dialing Minutes (based on country call is placed
from) = $ Varies

Move team   = few hundred $

Tiers    = couple of thousand $

Total for components = $3,000 + variable international long distance charges
based on volume of calls

I hope I haven't left anything out...if so, please contact me via email or
voice mail x 3-5670.

Cindy


Ellen,
 I am forwarding this to you for your information.  Gary Lamphier is sending
to the counterparty and I will forward a signed copy once Gary gets it back.


I have attached a list of trade counterparties that have contacted us this week.  The only ones currently threatening to shut down trading are Koch and Koch-Entergy.  I will keep you apprised of changes.

Bill


To:      Phillip Love ->  Enron
From:  Paul Syiek -> Think Resources, Inc.  Phone (770)390-9888
280 Technology Park, Norcross, GA 30092 Fax (770)390-9888

For the past 14 years, Think Energy Group has focused on the placement of
Power Generation professionals into contract, temp to hire, & direct
placement job opportunities.  Our company was founded by a Mechanical
Engineer who previously worked for GE in their steam turbine group. We are
knowledgeable in power plant  design, construction, start-up, maintenance
and operation and are able to find power plant personnel worldwide within
24-48 hours. We presently have revenues of over $20M and have a  successful
14 year track record with over 8000 placements.  We are able to staff your
projects  with either contract personnel or fill your direct hire openings.

We are serious about our Energy Division, Think Energy Group
(ThinkEnergyGroup.com). We are presently engaged in over 150 candidate
searches, with over 100 power related company's including OEM's,
engineering firms, constructors, & owners. For an example of the positions
we fill, please see the links below:

> To SEE THE GAS TURBINE jobs we are presently working on, press the link
below:
http://www.thinkjobs.com/think.nsf/GetURLParameter1?OpenAgent&IO=IN&SRCHFIELD=SearchWord&SRCHVAL=TURBINE&QQQQQQ

--&Hello

> To SEE THE BOILER jobs we are presetly working on, press the link below:
http://www.thinkjobs.com/think.nsf/GetURLParameter1?OpenAgent&IO=IN&SRCHFIELD=SearchWord&SRCHVAL=BOILER&QQQQQQ

--&Hello

> To SEE THE MAINTENANCE ENGINEERING jobs we are presetly working on, press
the link below:
http://www.thinkjobs.com/think.nsf/GetURLParameter1?OpenAgent&IO=IN&SRCHFIELD=SearchWord&SRCHVAL=MAINTENANCE%20AND%20ENGINEER&QQQQQQ

--&Hello

> To VIEW OUR WEB SITE, press the link below:
http://WWW.THINKENERGYGROUP.COM

Our partial client list includes:

Alstom
Bechtel
Burns and McDonnell
Duke
Foster Wheeler
GE Power Systems
Mitsubishi
Progress Energy
Siemens-Westinghouse

We are capable of finding various types of candidates, including:

   Construction                                      Commissioning/
Start-Up               Operations

Construction Managers
                   Commissioning Managers
                                        Plant Managers
Project Managers
                   Commissioning Engineers
                                        Plant Production Managers
 Owners Reps
                   Site Managers
                                       Plant Supervisors
Safety Managers
                   Electrical Techs/Engineers
                                        Operations Managers
Safety Engineers
                   Mechanical Techs/Engineers
                                        Shift Supervisors
Superintendents
                   I&C Techs/Engineers
                                        Control Room Operators
Field Engineers
                   DCS Techs/Engineers
                                        Auxiliary Operators
Project Engineers
                   Technical Advisors/Field Techs
                                        Turbine Techs/Engineers
Estimators
                   Turnover Coordinators
                                        Welders
Schedulers
                   Start-Up Control Room Operators
                                        Electricians
Project Controls Engineers
                   Boiler Techs/Engineers
                                        Team Leaders
Planners
                   Environmental Coordinators

   Maintenance                                   Outside Plant
Power Marketing

Maintenance Managers
                   Switchyard Managers
                                        TradeManagers
Maintenance Techs/Engineers
                   Switchyard Engineers
                                        Traders
Maintenance Superintendents
                   Substation Managers
                                        Marketers
Mechanics
                   Substation Techs/Engineers
                                        Buyers
Technical Advisors
                   Transmission Techs/Engineers
                                        Risk Managers
Outage Managers
                   Distribution Techs/Engineers
                                        E-Commerce
Outage Supervisors
                   Protection Techs/Engineers
                                        Power Marketers
Outage Coordinators
                   Relays Techs/Engineers
                                        Energy Traders

                   Electrical Engineers
                                        Energy Marketers

If you would like us to help you with a candidate search, please feel free
to contact me at Paul_Syiek@ThinkJobs.com or enter your requirements on our
site:

> To ENTER A PERSONNEL REQUEST DIRECTLY ON OUR SITE, press the link below:
http://thinkjobs.com/Think.nsf/Request?OpenForm

Sincerely,

Paul Syiek
President
Think Resources, Inc. / Think Energy Group


Please send me your home address for east desk records.

Kimberly Bates
East Gas/Origination
713-853-5193
713-646-8453 Fax


Attached is the complete Conference and registration Brochure as a .pdf file.

EMISSIONS CONTROLS TECHNOLOGY CONFERENCE
 July 23-25, 2001
 Crowne Plaza Hotel at the Crossings
 Providence, Rhode Island

 Ray Ganga
 The McBurney Corporation
 Communication, Education and Outreach Committee Chairman

 Ronald C. Lutwen
 SFT, Inc
 Conference Chairman

 Have you had a chance to consider the potential impacts of pending new
regulations on industrial powerplant facilities, what you might have to do
and what your alternatives may be?  The Boiler Maximum Achievable Control
Technology (MACT) Standards to be proposed this year; the Regional Haze
Standards that will begin to be implemented; the consideration of short
term SO2 standards again; and, the implementation process for the Fine
Particulate National Ambient Air Quality Standards (PM NAAQS) will all
impact existing sources, big and small. The permitting process for any new
or existing facility is demanding Best Available Control Technologies
(BACT) or Lowest Achievable Emission Rates (LAER) on almost all sources for
Particulate, Sulfur Dioxide, Mercury, Chlorine, and a host of other
emissions.  How will this impact your company and your job?

 If you are an industrial corporate environmental or energy engineer or
manager with the responsibility to make sure there is sufficient energy to
run the company and comply with environmental regulations, you should be
represented at this conference.  If you are an Architect/Engineer or
energy/environmental consulting firm, you should be represented. If you are
an equipment supplier with interest in the industrial market place, you
should be represented.  And, if you are a state regulator with interest in
what can actually be accomplished in the industrial sector, you should be
represented.  CIBO conferences have been noted for bringing the full range
of stakeholders together for practical discussions and education on energy
and environmental issues to promote progress on environmental issues and
secure a competitive and strong energy future for the United States.

 The time is now for the consideration of what will be required over the
next two to ten years.  What you learn from attending this conference could
save you countless hours of frustration, provide a foundation for current
and future planning and open a host of alternatives not before considered.

 - Emissions Control Conference July 01.pdf
Gail Bessette
Council of Industrial Boiler Owners
6035 Burke Centre Parkway, Suite 360
Burke, VA 22015-3757
Phone: 703-250-9042 * Fax: 703-239-9042WWW:
<http://www.cibo.org>


Test sent message, please reply.

Felix.


Here's the confirm
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/12/2000
01:56 PM ---------------------------

	From:  Larry Joe Hunter                           01/12/2000 08:40 AM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: CMS - Draft

Sara,

Enclosed is the Draft for CMS.  I used the Floating Price from the Term Sheet
sent by Julian.  Let me know if we should include some of the language
previously used for this index (below).

Thanks,
Joe

The average of the daily MONOMIC Prices at the Ezeiza Market Node Center for
each day during the Calculation Period.

&MONOMIC Price8 means the sum of (A) the average hourly price, quoted in
Argentine Pesos, for each day as published electronically in the &Documento
de Transacciones Econ?micas8 (DTE) under the annex set forth in the
&Generadores8 file labeled &A1.7  Precios Del Mercado en $/MWH ) Mercado8 as
published by the &Compaia Administradora del Mercado Mayorista El,ctrico
Sociedad An?nima8 (&CAMMESA8) and (B), as applicable, either (i) 7.50
Argentine Pesos for those days that are Argentine Business Days or (ii) zero
for those days that are not Argentine Business Days.

The parties agree that the Floating Amounts payable under this Transaction
shall be made in US Dollars, and the rate of exchange of Argentine Pesos to
US Dollars shall be of one (1) Argentine Peso per US Dollar as set forth
under Law 23,928, as amended, while there is free convertibility of the
Argentine Peso and the rate of exchange therein set forth is of one (1)
Argentine Peso per US Dollar. Otherwise, the rate of exchange between
Argentine Pesos and US Dollars shall be calculated using the exchange rate,
sell, for transfers abroad established by Banco Naci?n Argentina at the
closing of the Business Day prior to that on which payment is effected.
Argentine Peso means the lawful currency of the Republic of Argentina.


-----Original Message-----
From:  "Cagle, Donna" <DCAGLE@mariner-energy.com>@ENRON
[mailto:IMCEANOTES-+22Cagle+2C+20Donna+22+20+3CDCAGLE+40mariner-energy+2Ecom+3
E+40ENRON@ENRON.com]
Sent: Thursday, June 07, 2001 1:43 PM
To: Edison, Deborah J.
Cc: Melendrez, Jesus
Subject: Mariner Management Meeting Minutes

 <<6-6-01.doc>>  <<SUMMARY.xls>>

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

 - 6-6-01.doc
 - SUMMARY.xls


??????? ??????? The Teke house will be partying this Saturday for Civil War.?
Stop by if you have tickets to the game or want to watch the game with the
guys who do not have tickets.? The game starts at 12:30 P.M.?

??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? Tyson


I've sent it to the Finance group who will obtain LJM signature.  If I have
any problem (ie, it looks like it won't be done this week), I'll let you know
so maybe you can expedite on the commercial side.  I'd like to give them a
day or two first.

Kay

	Enron North America Corp.

	From:  Mitch Robinson                           01/30/2001 03:11 PM

To: Theresa Vos/Corp/Enron@ENRON
cc: Jody Pierce/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron

Subject: Re: Westinghouse LDs

That's the correct amount.  The payment is due, according to the contract,
"10 business days of complete execution of this agreement". Kay is getting
the last sig now.  Kay, can you advise when you expect execution?

Mitch

From: Theresa Vos on 01/30/2001 03:00 PM
To: Mitch Robinson/Corp/Enron@Enron
cc: Jody Pierce/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT

Subject: Westinghouse LDs

Mitch -

We are trying to finalize the costs for the 2000 peakers and Mike Miller said
that you are working on the settlement with Westinghouse.  Is the amount
still estimated at $1,567,099?  Do you know when this payment will need to be
made?

thanks,
theresa
x58173


John, what is the status of these todo's?  Thanks. Lynn

 -----Original Message-----
From: 	Smith, Chris A.
Sent:	Tuesday, December 04, 2001 3:55 PM
To:	Miller, Beverly; Walden, Shirley; Buchanan, John; Phillips, Mary; Blair, Lynn
Cc:	Barker, Robert; Stovall, Glenn; Mitchell, Russell
Subject:	Work At Home Meeting

The following summarizes the action items we identified in our meeting this afternoon:
Updated the Remedy records for Beverly, Shirley and Mary that they are Work At Home participants; to give their requests high priority; and to assign them to Glenn and Robert, when possible.
Glenn obtained a modem for Shirley and will install it tomorrow when she brings her system in.  He will map the drive (T:\) at the same time.
Sent John the note regarding completing the eRequest for reestablishing VPN access.
Will investigate the CITRIX Server not available message after new access is established and tested.

Please let me know if anything has been overlooked.  Otherwise, we will continue to work the issues above.

Chris
33270


Please pring attached presentation for me in color.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 06/05/2000 12:43 PM
---------------------------

Kevin Sweeney
06/05/2000 11:16 AM
To: Sally Beck/HOU/ECT@ECT
cc: Scott Earnest/HOU/ECT@ECT
Subject: Thunderball presentation

Sally,

Just wanted to pass along a copy of the update presentation that was done
last week in London.

It highlights achievements to date, key next steps, and the current timetable.

Please let me know if you have any questions.

Thanks,

Kevin


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/01/2000
04:29 PM ---------------------------

Bjorn Hagelmann
01/28/2000 09:25 AM
To: William S Bradford/HOU/ECT@ECT, Jonathan Le/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
cc: Rick Buy/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
Subject: Credit Applicatiions in GRMS

THIS NOTE IS FROM TED MURPHY (not bjorn hagelman)

My understanding is that yet another meeting has been scheduled with the
intent of diverting resources from the GRMS project to some other project.

While I am not privy to the urgency of this other project, I do know that we
have a very large, multi -phase project going in GRMS.
GRMS stands for the GLOBAL RISK MONITORING SYSTEM.  It is not intended to be
a commercial trading product not is its primary purpose for commercial
decision-making.  Conceptually, it is a risk warehouse for the primary
purpose of RAC due to the deficiency of current front office trading systems
and their inability to provide timely, aggregated information useful to RAC.

RAC has spent over a year developing a business plan scope and detailed task
list to accomplish its objectives.  As a firm we are woefully behind our
press clippings in our ability to aggregate and understand our risk profile.
My most recent sojorn  in Europe is a classic example of the current systems
inabilty to aggregate and meet the needs of RAC having abetted poor decision
making and causing cash losses in well in excess of the GRMS budget or that
of the Market Risk Group in RAC.

The GRMS project is a requirement that Bill Bradford and I have in order to
do our jobs.  We have delegated authority to Debbie Brackett and Rudi Zipter
to make decisions regarding priorities and as such meet regularly with
Jonathon and his team as well as Rick Buy to provide updates.  While progress
is never as fast as we would like it, in every instance in which we have only
to rely on RAC, Jonathon's team and Research to make a deadline it haas been
hit.  The primary reason for any delays whatsoever has been the diversion of
resources off the project or the reliance for cooperation from some other
source - most recently the IT staff in London was a tremendous impediment to
deadlines.

Please excuse the frustration that is apparently coming through in this note,
but I feel like the boy with his finger in the dyke and no one is listening.
Also, I have had several employees come to resignation over their frustration
on the lack of management support for this project, usually manifesting
itself in the lack of resources or the diversion of resources devoted to it.

I think we have proven collectively that we can organize a modular multiphase
project and provide tangible deliverables when not distracted.  Please let us
do our jobs.  I do not denigrate the efforts of others, but I believe that
they must either submit their detailed requirements to us for our
consideration of their worthiness to put in OUR que or develop their own
project with their own resources.

Thank you for your consideration of this opinion.  As it relates to things
that will effect the ability of Market Risk to do its job, please consult me
as I would you.

Ted


Peter:

Please be sure to cc: Tana Jones on any NDAs as well.  Tana keeps track of
all of them.

Thanks,

Leslie

	Peter Feltman@ENRON COMMUNICATIONS
	11/22/2000 12:06 PM

		 To: hmillner@globalcrossing.com
		 cc: Leslie Hansen/HOU/ECT@ECT, Mathis Conner/Enron Communications@Enron
Communications, David Berberian/Enron Communications@Enron Communications,
Rex Shelby/Enron Communications@Enron Communications
		 Subject: Global Crossing - Enron Net Works NDA

Hank,

Thank you for taking the time to speak with Mathis Conner and myself
concerning our structured finance product proposal.

Attached for your in-house counsel's review and comment please find an
initial draft of the NDA.  Please call Leslie Hansen (Enron in-house counsel)
at 713-853-6121 if you and/or your counsel have any further questions or
comments.

Best Regards,

Peter Feltman

Peter Feltman
Director
E-Market Services
Enron Net Works LLC
1400 Smith Street
Houston, Texas 77002

T: 713-345-4482
X: 713-646-8583
C: 713-594-4009


It is still on Chris Hilgert's desk.  I will bug him to get it back to you.  Sorry for the delay.

-----Original Message-----
From: Holtzman, Staci
Sent: Friday, August 10, 2001 12:08 PM
To: Nemec, Gerald
Subject: CSA

Gerald - where are we on getting the CSA (as amended) executed?


Dan, any help would be appreciated - we are very well positioned in the
Florida market at this point.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/10/2000
08:52 AM ---------------------------

Janet R Dietrich
11/10/2000 08:11 AM
To: Dick Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  (bcc: David W Delainey/HOU/ECT)
Subject: Goldendale

Hey Dick, I don't want to beat a dead horse here, but I did want to reiterate
out need for  the GE 7FA's  for our Florida projects. Although I understood
from you that Goldendale was effectively done, I understand that you haven't
yet gone through the dash process, so therefore a window of opportunity. We
are looking to pay up to $40,000,000 for a GE 7FA for Ft. Pierce in addition
to a commitment on the combined-cycle EPC contract. Our customer at Ft.
Pierce is heavily engaged in finalizing contracts and will be prepared to
execute in December. We must be able to commit to them (showing title to the
que position) by then.

I'd like you to compare your anticipated earnings on the Goldendale deal with
earnings from moving this turbine to Florida. The $40 million should give you
app. $3 million above cost, as well as incremental profits from the EPC
contract. Also, you should know that we feel the Florida market has
significant upside potential for Enron from a merchant standpoint and
anticipate that our first-mover advantage will result in significant earnings.

Please let me know how you think Enron should proceed in comparing the two
projects. Thanks Dick.


Mary--For $395, a CD rom of this would be helpful (as opposed to my giant
stack of paper on my desk method).  I'll look into this with Linda Lawrence
to see if it makes sense to order.  Thanks!

Mary Hain
02/01/2001 04:35 PM
To: Christi Nicolay
cc: James D Steffes/NA/Enron@Enron

Subject: NEW: Generator Interconnections: A Primer on Procedures and
Agreements

Do you want to get this or are you already an in-house compendium?
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2001 02:45 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "EEI Energy Delivery Group" <EDGroup@eei.org>
 02/01/2001 01:23 PM

To: <blichte@ENRON.com>, <fking@ENRON.com>, <Lhuber@ENRON.com>,
<mary.hain@ENRON.com>, <mpavlou@ENRON.com>
cc:
Subject: NEW: Generator Interconnections: A Primer on Procedures and
Agreements

Generator Interconnections: A Primer on Procedures and Agreements
A comprehensive review of the key terms and conditions of Generation
Interconnection Procedures and Agreements.
Includes:
Complete citations;
Format allowing for quick comparative analysis;
Interactive CD-ROM containing an interactive Excel matrix, a PDF file and a
Microsoft Word document.
Interconnection procedures and FERC rulings for:
American Electric Power
Carolina Power and Light
Commonwealth Edison
Entergy
New England Power Pool
PJM Interconnection
Southwest Power Pool
Interconnection agreement provisions and FERC rulings for:
Ameren
Central P&L
Cinergy
Commonwealth Edison
Detroit Edison
Entergy
Georgia Power
Niagara Mohawk
Free Updates!  With your purchase, receive free updates through 2001 as
events warrant.  New CD-ROMs containing the updates will be mailed to you
free of charge.
The first update will be mailed in mid February and will cover:
Virginia Power
Consumers Energy
Arizona Public Service
Future updates will include:
Southern
Duke Energy
Others, as warranted
Prepared for EEI by Bruder, Gentile & Marcoux, L.L.P.
Item # 13-00-07-008, EEI, 2000
EEI Utility Member Price: $395.00
EEI Associates Price: $595.00
List Price: $695.00
TO ORDER: Call 1-800-EEI-5453 (US/Canada) or 1-301-645-4222 (Int'l)
For more information, please contact the EEI Energy Delivery - Transmission
Group.

E: EDGroup@eei.org
P: (202) 508-5197
F: (202) 508-5445
 - TEXT.htm


Mike and I will not be available.  Can we move it to the end of next week,
say thursday.  Jeff

Tiko Reynolds
12/20/2000 09:06 AM
To: Bill Donovan/EPSC/HOU/ECT@ECT, lfastow@pop.pdq.net,
mike.mcconnell@enron.com, jshankm@enron.com
cc:
Subject: Art Committee Meeting-Thursday, December 21, 2000

The Art Committee Meeting will be held in conference room EB49C4 on Thursday,
December 21, 2000 from 12:30 PM - 3:30 PM.  Lunch will be served.

Thank You,
Tiko Reynolds-Hausman


Kay,  Could you please send me a copy of the CA.  Thanks.

To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Re: CA Data Sheets

Gerald:  Sorry for the delay on these.  I thought I had responded, but don't
find a "Sent mail".  We have nothing relating to Horizon.  There is an
executed agreement with Merrill Lynch re financing for Trailblazer Pipeline
Company, but nothing with Trailblazer.  I'll put the datasheet in your box.
Let me know if you need to see the agreement.
KaY

Gerald Nemec
04/13/2000 04:04 PM
To: Kay Young/HOU/ECT@ECT
cc:
Subject: CA Data Sheets

Kay, Please review the attached.


your talking to the wrong person.   Liz actually controls the tickets.  take
them if they are available, but i won't be able to go.  how long are you
going to be in houston?


Start Date: 1/15/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011520.txt


I think your suggestion about the effective date was quite logical, but it
seems to me that it is more of a Sweetgum issue than ours.  Unless you think
we have a problem, I'm ok with going along with George on this.

I presume the original LLC agreement  allows for either the Member to sign or
an Officer of the LLC.  I also assume that Janet Dietrich is an officer of
both CA's.  Therefore, I'm fine with your suggestion.

Kay

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/12/2001 10:12:02 AM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: Closing Documents

Kay:

George has prepared a promissory note to be executed by the LLC payable to
SEL but has not received comments from Doug on this yet.  I requested that
he get that to us in order that we might include it in the package out to
you later today.

With regard to the date in the LLC Agreement, George proposed that we delete
altogether the "effective date" paragraph set forth in Section 2.5.  He is
reluctant to provide an effective date of midnight after the closing date,
as he thinks all of the documents should be effective simultaneously.  I am
okay with this.  What do you think?

Per your request, we have prepared LLC certificates using the pre-printed
share certificate forms in the minute book.   These pre-printed forms
provide that the share certificates are to be signed by the "member."  We
typically see share certificates signed by designated officers of the LLC.
Unless you instruct otherwise, we will strike through the word "member"
beneath the signature line on the share certificate in order that an LLC
officer can sign.

Please advise of any comments on the promissory note to be executed by the
LLC payable to ENA.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
 <mailto:ccampbell@kslaw.com> ccampbell@kslaw.com

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


will do.

	Jeremy Blachman@EES
	12/28/2000 08:09 AM

		 To: Scott Gahn/HOU/EES@EES, Michael Mann/HOU/EES@EES, Angela
Schwarz/HOU/EES@EES, Craig H Sutter/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Bill Votaw/HOU/EES@EES
		 cc: Jeff Dasovich/NA/Enron@Enron, Roger Yang/SFO/EES@EES, Gayle W
Muench/HOU/EES@EES, Wanda Curry/HOU/EES@EES
		 Subject: Update--Day 1 of California PUC Hearings

FYI.

jeff/ roger, can you make sure the above folks, who head up our market facing
activities across EES are on any and all distribution lists for this
stuff..they need to be in the loop on what is happening in the market.

---------------------- Forwarded by Jeremy Blachman/HOU/EES on 12/28/2000
08:07 AM ---------------------------
From: Jeff Dasovich@ENRON on 12/27/2000 08:57 PM
Sent by: Jeff Dasovich@ENRON
To: Roger Yang/SFO/EES@EES, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Harry
Kingerski/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT
cc: Beverly Aden/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Christina Liscano/HOU/EES@EES,
Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy Youngblood/HOU/ECT@ECT,
Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika
Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W
Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris
Waser/HOU/EES@EES, James W Lewis/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Jess Hewitt/HOU/EES@EES, Kathy Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES,
Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES,
Leticia Botello/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES,
Mike M Smith/HOU/EES@EES, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES,
Paula Warren/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Rosalinda Tijerina/HOU/EES@EES, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT
Subject: Update--Day 1 of California PUC Hearings

Thanks Roger.  Here are the highlights of today's hearings:

 Common themes--many tracked ours pretty closely
Not a question of whether rates need to rise, but by how much.
Though some oppose any and all rate increases, the lion's share acknowledged
that the utilities have a cash flow problem and the a rate increase is
necessary.
Due process matters.
If the Commission is thinking about going as far as ending rate freezes and
increasing rates, it better provide for ample due process, or countless law
suits will ensue.
Don't jump the gun.
A rate increase is likely, but only the utilities benefit from adoption of
the utilities' proposals. The Commission needs to carefully scrutinize the
utilities' claims and take a careful look at the level of increase required
to maintain access to capital markets.  However, as expected, the utilities
implored the Commission to jump the gun immediately.  The utilities want the
Commission to declare an end to the rate freeze and raise rates on Jan.4.
No more divestiture.
The utility should keep the generating assets it retained, but the Commission
should ensure that the assets' benefits are allocated equally among all
customers.  One legislator recommended that the State buy the utilities'
hydro assets, which would give the utilities the cash they need and give the
state control over some generation.
Treat all customers equally and fairly.
The Commission should not create two classes of customers (e.g., large v.
small; direct access v. bundled).  No customer group should be sacrificied to
save another.
Be as narrow as possible/do as little harm as possible
The immediate problem is the utility's cash/credit crunch.  As such, the
Commission should do only enough to solve this very specific, immediate
problem.  A modest rate increase is all that's required and the Commission
should do no more.

At the beginning and the end of the hearing, the President of the Commission
asked parties to be prepared (at tomorrow's hearing) to discuss whether the
Commission could legally use its other, broad powers to raise rates without
declaring an end to the rate freeze.  It seems that she seems some benefit in
raising rates, but leaving AB 1890 otherwise intact untill the Commission can

Marketers and generators are to blame for the problem
Though not universally embraced, the theme came up repeatedly.

A few parties (e.g., the Unions, low income consumer groups, one PUC
commissioner) called for complete re-regulation of the industry, returning
the utilities to vertically integrated monopolies.  But they were the
exception rather than the rule at today's hearing.

2. Next steps
There hearings were scheduled to end on Thursay, but now will continue
through Friday.
Tomorrow, lawyers will provide "oral" arguments on whether the Commission
must end the rate freeze in order to increase rates.  We will argue that it
does not have to, and should not, go through the complex and controversial
exercise of determing whether the rate freeze is over between now and
01.04.01.  We will argue that the Commission has the authority to raise rates
without ending the rate freeze, and if it decides to raise rates, it should
do so while keeping AB 1890's basic structure in place until a full and fair
hearing of the issues is completed.   We are talking to other stakeholders to
persuade them to take the same approach.  In terms of legal arguments, this
is clearly a long shot, but one that seems worth taking.
After the oral argument, the utilities will present their rate proposals and
"all interested persons" will have the opportunity to cross-examine the
utilities (in short, tomorrow will also be a zoo).
When asked what the process will be for issuing a proposed decision and
providing comments, the President of the Commission responded "we don't know,
it's evolving."  In other words, the Commission is doing a poor job of
ensuring that their Jan 4 decision is "appeal-proof."
Keep in mind that the situation remains extremely fluid and the trend is
still toward ending the rate freeze on Jan. 4th.  We continue to aggressively
offer alternatives to that possibility and continue to try to bring other
stakeholders to our side.
We're doing everything necessary to preserve our appeal rights.

We can discuss further on the 10 AM (CST) call tomorrow.

Best,
Jeff

	Roger Yang@EES
	12/27/2000 05:43 PM

		 To: Leticia Botello/HOU/EES@EES
		 cc: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy
Bass/HOU/EES@EES, Rosalinda Tijerina/HOU/EES@EES, Debora
Whitehead/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Christina
Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Erika Dupre/HOU/EES@EES, Rita
Hennessy/NA/Enron@Enron, Brenda Barreda/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Cathy
Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Ginger
Dernehl/NA/Enron@Enron, Dorothy Youngblood/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Fran Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
		 Subject: Re: Reminder - Level Setting Mtg-California Markets Focus Group
EB2868

Got an update from Jeff Dasovich.  No earth shattering news.  Comments have
been all over the place.  The impression is being made by differing parties
that the issues are very complex and would inevitably result in endless
lawsuits.  Possible conclusion by the CPUC may be to invoke emergency powers
to implement an emergency surcharge and avoid addressing the issue of when
the rate freeze ends in these hearings.  However, this is just speculation.
Jeff will return to the office by 5:00 pm PST and will send out a summary of
today's hearings.

Roger

Leticia Botello
12/27/2000 06:57 AM
To: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Roger Yang/SFO/EES@EES,
Richard Shapiro/NA/Enron@Enron
cc: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy Bass/HOU/EES@EES,
Rosalinda Tijerina/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Leasa
Lopez/HOU/EES@EES, Christina Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Rita Hennessy/NA/Enron@Enron, Brenda
Barreda/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES,
Kathy Dodgen/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
Beverly Aden/HOU/EES@EES, Tanya Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES,
Wanda Curry/HOU/EES@EES, Ginger Dernehl/NA/Enron@Enron, Dorothy
Youngblood/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Fran
Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
Subject: Reminder - Level Setting Mtg-California Markets Focus Group EB2868

12/27/00

Time    Location Call In #  Pass Code

10:00 Central Standard Time  EB 2868  1-800-713-8600  80435

This is a recurring daily meeting until further notice  (this invitation will
schedule your calendar through 1/31/01).

Time, Call In #, and Pass Code are the same for all meetings.  Conference
room location will be changed as soon as possible to better accommodate the
participants.

Note:  Optional Invitees FYI Only

Please call me if you have any questions

Leticia

x-58752


Yes, unfortunately, we aren't going to get ours until the 5th.  No
explanation was given.  We may get the numbers a day or so ahead of time but
I haven't gotten them yet.  We should set up a time to do your review in the
next day or so, also.


I am not a market maker in SWA vouchers, so you have my word that I will not
sell them back.  Your bid for these vouchers is $250 in the market, my bid
for bulk is $200,  I am willing to pay more.  I can already get to my
destination for $250 - so maybe we can meet in the middle.

Let me know

DirtyRed2U@webtv.net (David) on 01/05/2001 02:07:42 PM
To: Eric.Bass@enron.com
cc:
Subject: Re: Southwest tickets

If you get me for $200--you can sell em to me for $250.
I have no offer for you.
Thanks
David

Content-type: text/plain; charset=us-ascii

Well I am looking for 24 Round trip tickets (48 one-ways)  and was looking
to spend around $200 per round trip ($100 for each one-way).  What is your
offer on that size?

Thanks for you PROMPT attention because I am trying to book airfare today
on one airline or another.

DirtyRed2U@webtv.net (David) on 01/05/2001 01:17:09 PM

To:   Eric.Bass@enron.com
cc:
Subject:  Re: Southwest tickets

Let's put it like this: How many do you want and at what price are you
willing to pay?

Content-type: text/plain; charset=us-ascii

How many 1 way tickets do you have?  I am interested in buying in bulk!

Thanks,

Eric Bass


---------------------- Forwarded by David W Delainey/HOU/ECT on 09/27/2000
10:40 AM ---------------------------

	From:  Lillian Carroll                           09/27/2000 08:45 AM

To: David W Delainey/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron
cc: Kay Chapman/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Peggy
McCurley/HOU/ECT@ECT, Melissa Jones/NA/Enron@ENRON, Brian Redmond/HOU/ECT@ECT
Subject: Systems Outsourcing Meeting

Brian Redmond has requested a meeting to discuss Systems Outsourcing on
Friday, Oct., 6, in Dave Delainey's office, EB3314 @ 2:00 PM with Dave
Delainey, Greg Whalley, Philipe Bibi and Jean Mrha.  If this time does not
work for you, please call Lillian Carroll @ 37271.  Thank you.


Tom Burns from GPC called to advise that his contacts with the Alberta Gov't
told him that Premier Klein and Justice Minister Hancock intended to put out
a news release between 1:15pm and 1:30 pm today indicating the Gov't has
decided to call a hearing/inquiry on energy pricing in Alberta.  Tom does
not  know what the form of this hearing/inquiry will be (i.e. an AEUB hearing
or an independent inquiry (judicial or otherwise)) or whether it will involve
natural gas and power or just power.   Tom's sense was that the mandate of
the hearing/inquiry would be focused on providing policy makers with a clear
understanding of the factors that are producing high energy price levels in
Alberta and whether there are any policy steps that could/should be taken to
address the current price levels.  He did not think the tone of the news
release would be that the Government of Alberta needs to put a stop to the
energy price gouging of consumers in Alberta.

A few minutes ago Tom Burns called me back to advise that Klein has now
decided to delay the release of the new release until at least tomorrow as
the Tory caucus has a half-day meeting tomorrow morning and the Premier wants
to discuss how the Gov't should approach this issue with members of his
caucus before he proceeds with the idea of a hearing/inquiry.

I have heard nothing from industry players so far about the DJ story except
the Chairman of the Independent Power Producers Society of Alberta circulated
the DJ story by email to the members of the IPPSA Board today with the
following comment:   "It is too bad that the government has resorted to this
tactic.  I guess they have a lot of pressure on them."

Regards,

Rob


Max - Hi there, sounded like (from Jaime) you guys have had a busy week with
various government officials.  I hope the result was good.

We all had a really helpful meeting here in Houston with those guys, and I
just wanted to let you know that we have found a person to focus time on
Mexico and work with Jaime and Agustin.  He is bi-lingual and very excited
about the prospect.  We expect him to be proactive and help out quite a bit
with setting up the new Mexico trading legal entity.   I have no doubt that
this will fix most of the little issues that we discussed.

We also assigned someone to come to Monterrey to set up Jaime and Agustin
with system access where appropriate, and especially access to Livelink, our
automated contract viewing system.  This should facilitate access to all
Mexico contracts online (originals kept in Houston), and there should be no
need to keep hard copies in Mexico.

Please let me know if you see any other areas where Energy Ops can help, or
should be more involved.

Beth
 -----Original Message-----
From:  Theriot, Kim
Sent: Thursday, March 08, 2001 5:30 PM
To: Perez, Agustin; Williams, Jaime
Cc: Beth Apollo/HOU/ECT@ENRON; Heaney, Gordon
Subject: Gordon Heaney's Acceptance

Augustin/Jaime,

I just wanted to let you know that Gordon has accepted our offer to take on
the new position supporting your trading organization.  He is very excited
and looks forward to working with you both.

We are going to work on a transition period for him.  He is currently
finishing a project on Paper and Pulp settlements to automate those
processes.  He would like to finish this process before he takes on his new
assignment full time.  He anticipates the completion of the automation to be
within the next few weeks.  In the meantime we will work on having him
cross-train for his new responsibilities.

Please let me know of any questions that you have.

Kim Theriot
713-853-1771


As agreed per Chris G., we have 31,679/d at FOM price. We also bought
additional 30,000/d from Dick J. which may be part of this deal.

Coh Numbers on Jan01DailyEst include about 35,000/d of storage WD, noted at
bottom of sheet. COH also includes 14,500/d purchased at Toledo Agg(NPC
buying) and 1,250/d at A06 Agg. See attached JanCohChoiceEna.

CPA includes 3,913/d at BRCobb, 3.674/d at Tetco-Delmont and  2,689 at A06.

We will do Buy/Sell on 3rd party so ENA can transport. Will pass on upstream
K# next week.


Rick asked that you review the attached resume.  If you have any interest in
interviewing Jeffrey Lachman please let me know and I will contact Joe
Hillings.
---------------------- Forwarded by Sharron Westbrook/Corp/Enron on
04/05/2000 02:36 PM ---------------------------

Richard Causey
04/04/2000 06:35 PM
To: Sharron Westbrook/Corp/Enron@ENRON
cc:

Subject: Re: (no subject)

Please circulate to CAO's to see if there is any interest.  Then we need to
respond to Joe Hillings.  Thanks

	From:  Lora Sullivan                           04/03/2000 09:04 AM

To: Richard Causey/Corp/Enron@ENRON, Lou Potempa/Corp/Enron@ENRON
cc:

Subject: (no subject)

Resume of Jeffrey Lachman, Ph.D forwarded at the request of Joe Hillings.

Gentlemen:

Would you be interested in interviewing Jeffrey?  Please advise.

---------------------- Forwarded by Lora Sullivan/Corp/Enron on 04/03/2000
10:06 AM ---------------------------

LachmanJB@aol.com on 03/26/2000 01:14:20 PM

 - Resume.doc


That was the point of the email. I have not made any changes yet. And as such had sent the email to ask, coordinate & determine protocol.

Thanks!

 -----Original Message-----
From: 	Richardson, Stacey
Sent:	Monday, November 26, 2001 10:36 AM
To:	Balfour-Flanagan, Cyndie; Gonzales, Sharon; Hesse, Lisa; Ellenberger, Mary; Nemec, Gerald
Cc:	Elledge, Susan
Subject:	RE: Unimark: Faxed comments concerning pymt due date

Cyndie,

We get these requests from time to time, so it is not all that uncommon.  We are currently taking this on a CP-by-CP basis and not making any assumptions yet.   Gerald has already agreed that while the default payment date on the GTC states the end of the month, we CAN change the due date to the 25th with the CP's agreement.  Southwestern Energy Services is the CP we have changed already.  You might want to coordinate future changes with Lisa, Mary, Sharon/Susan.   And of course, please keep us all in the loop on any new CP's you need to have changed.

Thanks,
SBR

 -----Original Message-----
From: 	Balfour-Flanagan, Cyndie
Sent:	Monday, November 26, 2001 10:31 AM
To:	Richardson, Stacey; Gonzales, Sharon; Hesse, Lisa; Ellenberger, Mary; Nemec, Gerald
Subject:	Unimark: Faxed comments concerning pymt due date

Per a 11/15/01 fax notice, Unimark wishes the payment dates be "Payment by wire on the 25th Day". Referenced deals: 1061122; 1062624; 1063968; 1061089; 1063576; 1146397; 1064010; & 1061084.

Okay, new kid on the block here:

I'd assume that it is a safe assessment that Unimark would prefer all future payments to be made on the 25th via wire. Lisa, is this something you'd confirm with Unimark (contact per fax is Cheryl Hartsell, phone#: 405-844-6200 ext. 228) or is this something I can do?

Mary, given where we are in the month I know that the payment details have already been established & that given the date that it is too late to process Oct production for payment today.

Stacey/Sharon: Please adjust the payment detail in Global so that the terms flow downstream to Unify for next month's production.

Also; Lisa, Mary, Stacey & Sharon - - - - how common are the requests for payment date adjustments? I'd assume (former life experience) that the larger producers or those who process royalty or related payments require payment on the 25th due to their responsiblities. If this is common - - - instead of repairing after the fact - - - - do we have a list of customers that we should automatically adjust the payment terms within Global & likewise to that of the GTC template?

Gerald - - - - Hi! I'm over here in Confirms now. What is your input on this issue or to that of the common occurrence? Also, as the 'new kid' - - - - are their any future protocols I should know of???

Thanks all!!!!
Cyndie


TASK ASSIGNMENT

Task Priority:		2
Task Due On:
Task Start Date:


Mr. Lay--

I have been assisting John Watson with his representation of Sports
Facilities, L.P., and I am in the process of coordinating the $1.4 million
prepayment by the Sports Authority and the contribution of such amount by
the partners to the referendum campaign.

Assuming that we receive the prepayment from the Sports Authority, we expect
to be able to start making contributions to the referendum campaign this
week.  The contributions will be paid to the referendum campaign by the
partnership, on behalf of each partner, upon receipt of instructions from
each such partner that its share of the amount prepaid should be contributed
to the campaign instead of being distributed.  I have discussed this
procedure with Sue Walden.

With respect to your arrangement with Shell, we were not sure what you and
Shell had agreed to.  The monies being contributed to the referendum
campaign are being contributed to a special purpose political action
committee (as required by law).  This special purpose PAC is subject to the
general Texas laws that govern campaign fundraising.  As you know, one of
these laws provides that "a person may not knowingly make or authorize a
political contribution in the name of or on behalf of another unless the
person discloses in writing to the recipient the name and address of the
person actually making the contribution . . . ."   Pending a better
understanding of the Shell arrangement, we will hold Shell's $100,000 in the
partnership's account.

Please contact John Watson at 713-758-2556 or me at 713-758-2350 if you have
any questions regarding the foregoing.

Sincerely,

Michael S. Telle


Start Date: 1/29/02; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012904.txt


NORWAY: INTERVIEW-Danish wind firm Vestas to expand into Europe, US.
Reuters English News Service, 04/18/01

USA: Bandwidth trade struggles to gain footing.
Reuters English News Service, 04/18/01

BRAZIL: INTERVIEW-BG claims Brazil pipeline war victory.
Reuters English News Service, 04/18/01

Enron India Sends Arbitration Notices To State Govt
Dow Jones International News, 04/18/01

Enron may sell some Brazil assets - SAmerica chairman
AFX News, 04/18/01

NORWAY: INTERVIEW-Danish wind firm Vestas to expand into Europe, US.
By Birgitte Dyrekilde

04/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

RINGKOEBING, West Denmark, April 18 (Reuters) - Danish wind turbine maker
Vestas Wind Systems said on Wednesday it was heading for expansion in Europe
and the U.S and expects to regain lost terrain in the world`s largest wind
power market Germany.
"We see our market share in Germany rising to 16-20 percent this year after
last year`s drop by three percentage points to 13 percent," Vestas Chief
Executive Johannes Poulsen told Reuters in an interview at the company`s
headquarters in Ringkoebing, West Denmark.
Last year Vestas - including its associated company Spanish Gamesa Eolica -
increased its market share to 32 percent of the world market from 29 percent
in 1999, cementing its position as the world`s leading wind turbine maker
ahead of German Enercon and Danish NEG Micon .
According to Danish windpower consultancy BTM Germany installed 1,665
megawatts of wind capacity in 2000 followed by Spain`s 1,024 MW while
installed capacity worldwide rose 15 percent to 4,495 MW.
"We regard growth in the German market as stable in coming years and expect
growth to continue in Spain," Poulsen said.
To meet the German wind turbine demand Vestas said it would build a turbine
blade factory in either Germany, Poland or Hungary, with a final decision on
which country to be announced at the company`s general meeting on May 3,
Poulsen said..
Today the company has seven factories in Denmark and one in Germany, Italy
and India. In Spain, Vestas indirectly owns 10 plants through its 40 percent
owned wind turbine firm Gamesa Eolica, part of Spanish Gamesa Group .
Vestas will also soon build an tower construction and assembly plant in
Scotland, Poulsen said.
Vestas expected wind power installations worldwide to leap 30 percent
annually over the next three years and with the company`s expectations of
annually sales growth at 40 percent, Vestas is set to gain market share.
FOCUS ON THE U.S.
Following Germany and Spain, the U.S. is seen as the third-largest wind
turbine market in 2001, but new orders have come to a halt as windpark
developers await an extension of the favourable production tax credit
agreement (PTC), which expires by the end of 2001.
Last week U.S. President George W. Bush in his fiscal 2002 budget proposed
expanding the 1.5-cent tax credit for each kilowatt-hour of electricity
produced from wind for three more years to 2004.
"It`s positive the Bush Administation favours PTC. Now it seems more certain
an extension will happen," Johannes Polusen said.
BTM predicted in a recent report the U.S. would install 1,350 MW this year,
falling to 800 MW next year and 1000 MW in 2003, assuming that the U.S. did
not extend the PTC agreement. The figures would be significantly higher if
the tax credit was extended, a BTM analyst said.
According to the monthly magazine Renewable Energy World, the American Wind
Energy Association forecasts 2,000 MW of new wind turbine installations in
the U.S. this year.
"We do not expect more huge orders from the U.S. until late this year as
customers are awaiting an approval of the tax proposal, but we might get a
few small orders," Poulsen said.
Vestas has plans of a blade and assembly plant in the U.S. ready in case the
tax credit deal is extended, he said.
Poulsen rejected the idea of acquiring U.S. energy group Enron`s wind turbine
arm Enron Wind Corp. with a world market share of six percent, which
according to market sources has been put up for sale.
"To control the massive market growth we have to grow organically," Poulsen
said.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: Bandwidth trade struggles to gain footing.
By David Howard Sinkman

04/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, April 18 (Reuters) - Hailed as a new frontier for financial
markets, bandwidth trading is struggling to get a footing as capacity piles
up, prices fall and expectations float back to earth.
A supply glut, especially on long distance routes between large cities, is
dragging down prices and investment on new capacity has slowed considerably
as demand flags. But trading will pick up in two to three years as the market
matures, say analysts.
"There is nothing going on out there. The business is viable, but we are
ahead of the curve," said Merrill Lynch analyst Donato Eassey.
Bandwidth is the transmission capacity of an electronic line used to send
data from one point to another, as on the Internet. The trading of bandwidth
helps facilitates deals and hedges against risk.
While the bandwidth market was all the rage the previous three years, this
year has seen a fallout in the industry.
Enron Corp., billed as the biggest bandwidth trader, said April 6 it would
cut 20 percent of the jobs at its broadband unit because of slow demand for
streaming media products to personal computers.
"There will be some shake-out in demand, growth and pricing, but long-term
demand and growth will be there," said Seth Libby, analyst at consulting firm
The Yankee Group.
MARKET FAILURES
Market inefficiencies, such as unresolved issues like credit and market
enforcement, have retarded trading.
What is needed, according to San Francisco-based online exchange RateXchange
Corp. , is a standardized contract that would provide the framework for
commodity-like trading.
Without such agreement, buyers and sellers of bandwidth need to agree on new
terms for each transaction, said Michael Rose, RateXchange's director of
business development.
"We do not yet have a fully functioning market," said Rose.
However, analysts liken today's trading market to the power market, which
took more 10 years to get off the ground.
"Today's market problems are just growing pains," said Rod Kuckro, managing
editor of the Bandwidth Market Report, which is published by McGraw Hill Co.
Kuckro sees growth picking up over the next three years.
FALLOUT
Market inefficiencies are not the only problem bandwidth trading faces. A
supply glut has dragged down prices.
Exact numbers are hard to come by in the bandwidth trading market. But
industry experts say only about 10 percent, or even less, of existing fiber
optic capacity for bandwidth is lit, or in use in the United States.
"Obviously there is some capacity problems out there. And there will be
funding problems going forward," said Credit Lyonnais Securities analyst
Gordon Howald.
It is now cheaper to buy or lease lines than to take the risk of digging in
the ground and laying new lines.
As a result companies are not investing as much in construction. For example,
Enron slashed its capital spending on its fiber optic network to about $250
million this year from an earlier estimated budget of $750 million.
Demand for capacity has also fallen short of expectations.
"The traditional bandwidth business plan read 'just build it and they will
come,' but this did not pan out," said Libby.
Consequently, today's market has more sellers than buyers. And as new players
enter the market, like Global Crossing Ltd. and energy companies Dominion
Resources and Dynegy Inc. , competition has heated up.
But this might just be what the doctor ordered.
As prices keep falling, carriers, who were reluctant to embrace bandwidth
trading, are taking a long-look because of the increased efficiencies offered
by trading.
"Somewhat perversely, this fallout might hasten trading as companies are
forced to compete more fiercely with new players," said Kuckro.
LAST MILE HURDLE
Think of driving from New York to Washington. The highway is mostly free of
congestion, but traffic jams abound in the cities.
The same holds true for bandwidth connections. Bottlenecks in the last mile
have kept prices high, despite a glut in long-haul capacity and unused
dark-fibers
Bandwidth trading, which does not always provide a loop-to-loop service,
suffers as a result.
"Nobody want to buy long-haul capacity and then haggle and worry about the
local loop," warns Seth Libby, who said he is unaware of any bandwidth trades
that included the final link.
However, analyst see the last mile problem as just another hurdle bandwidth
trading will get around to deal with.
"Somebody is going to step up to plate," said Libby.
While analysts expect the majority of bandwidth deals to remain
carrier-to-carrier, the trading market is expected to blossom as the kinks in
the system get ironed out.
"Everyone is dressed for a party, but there is no party to go to yet," said
Donato Eassey. "But once we get the paths and the customers down the party
starts."

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

BRAZIL: INTERVIEW-BG claims Brazil pipeline war victory.
By Andrei Khalip

04/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

RIO DE JANEIRO, April 18 (Reuters) - Britain's BG Group Plc claims to have
won a "litmus test" battle in Brazil by gaining access to a key natural gas
pipeline, which marks a big step to a free market and a defeat for
ex-monopoly Petrobras.
BG's director for corporate affairs in southern South America, Francois
Moreau, said the final decision earlier this week by the energy regulatory
body ANP to allow BG to use the Bolivia-Brazil pipeline in 2001-2003 was an
important victory, although not all of BG's demands were met.
BG has big expansion plans for its Brazilian distribution affiliate Comgas
and the long-awaited access to the line that brings natural gas from BG's own
production fields in Bolivia is crucial for the realization of those plans.
"The ANP has confirmed that it wants the private initiative to have a greater
role in the energy sector, that it stands for a competitive market and is
ready to fight Petrobras. We view it as a test case for an open market in
Brazil," Moreau said.
The ANP already authorized U.S.-based Enron Corp. to use the pipeline, but
only when it had idle capacity. Analysts now expect Enron and other companies
to follow BG's suit and demand uninterrupted use of the pipeline.
Under the present deal, BG is allowed to import 24.5 million cubic feet
(700,000 cubic meters) of gas per day from April to August, and from
September until the end of 2002 it can import 73.5 million cubic feet (2.1
million cubic meters).
The ANP's decision initially came out last month, but TBG, the gas
transportation unit of Brazil's state-owned oil company Petrobras which
operates the line, rushed to challenge it, insisting that it had no free
capacity.
"Petrobras sees the transportation as means to protect its monopoly. Even the
ANP admits that there are elements of anti-competition actions in what they
are doing," Moreau claimed.
Petrobras officials said they had no comment on the issue. ANP said Petrobras
could appeal to a court, but there was no way the ANP would review its
decision.
ANP president David Zylbersztajn told reporters on Wednesday that he saw the
issue as closed and the parties involved would have to sign a contract in a
week's time.
He did not rule out fresh resistance from Petrobras, but warned that his
agency was determined to tame the state energy giant that officially lost its
monopoly rights in oil and gas production and distribution in 1997.
"ANP's game is to crush this resistance," he said.
Despite the important victory, BG has lost its own latest appeal with the
ANP. The company had wanted a firm deliveries regime to last until end-2003,
but the agency ruled that after 2002, TBG may interrupt deliveries on ANP's
permission.
However, Moreau said that he was now pinning his hopes on a new set of rules
for gas transportation that the ANP is preparing and should release in May.
Those were expected to limit Petrobras' role in the future expansion of the
gas transportation system, provide more transparency in striking contracts
for delivery and, in general, bring more healthy competition to the market.
He said that in his view, demand for natural gas in Brazil was likely to rise
with time, requiring a 50 percent expansion of the Bolivia-Brazil pipeline
that now can carry 1.1 billion cubic feet (30 million cubic meters) of gas
per day.
Brazil aims to boost the share of natural gas in its energy market to 10-12
percent by 2010 from the present fledgling 3 percent by encouraging the
construction of gas-fired electric energy plants to alleviate the country's
heavy dependence on hydroelectric plants and by greater industrial use of
gas.
Moreau said BG was interested in taking part in any expansion projects, both
of the pipeline and of the network inside Brazil, as well as signing more
long-term transportation contracts "if the environment is competitive."
BG is already building a pipeline to transport gas from Argentina to southern
Brazil, where it will be linked to an existing pipeline and carry gas to
Comgas' base of Sao Paulo - Brazil's main industrial hub and richest state.
Moreau said the group, which bought Comgas two years ago for nearly $1
billion, planned to triple Comgas' sales of 6 million cubic meters of gas per
day three years from now and boost them 10-fold by 2011.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron India Sends Arbitration Notices To State Govt

04/18/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- In the ongoing tussle between the Dabhol Power Co.,
India's Maharashtra state government, the Maharashtra State Electricity Board
and the government of India, DPC Wednesday served two notices of arbitration
on the Maharashtra government, its spokesman said.
A subsidiary of U.S. energy major Enron Corp. (ENE), DPC has a controlling
65% stake in the controversial $2.4 billion joint-venture 2,184-megawatt
electric power project in the western Indian state of Maharashtra, which
supplies power to the MSEB. The project is India's biggest foreign
investment.
In a faxed company statement, Enron India spokesman Jimmy Mogul said the
notices were served because the Maharashtra government had failed "to honor
its obligations under the government of Maharashtra State Support Agreement
and Supplemental State Support Agreement," signed in 1994 and 1996,
respectively.
DPC said that in the agreements, GoM had pledged to "support and encourage
the further development and completion of the Dabhol project." It added that
"without justification" the GoM has gone back on these agreements, which has
"adversely and materially impacted DPC's ability to perform under its
contractual agreements."
The statement added that as part of the arbitration process, an independent
three-person panel will be set up to determine whether GoM has "failed to
comply with its obligations."
Under a 1996 counter guarantee agreement, the federal government is obliged
to pay Enron when MSEB defaults. Enron invoked that guarantee in February,
marking the first time in India's history that a company has invoked a
federal guarantee, when the state utility said it couldn't afford to pay DPC.
The state government finally paid $17 million in outstanding bills.
DPC and the federal government recently started a conciliation process, to be
governed by the provisions of the U.N. Commission on International Trade Law,
with the aim of resolving DPC's latest dispute with MSEB. DPC says MSEB owes
it 1.02 billion rupees ($1=INR46.8550) for power supplied in December 2000.
For its part, the MSEB said it wanted the power bill offset against a INR4
billion fine it levied on DPC for what it said was the non-supply of power
for intermittent periods between October 2000 and the end of January.
Dabhol, India's largest private power plant currently under construction, was
scheduled for commissioning in two phases. The project's first phase, a
740-megawatt power plant, has already been commissioned and phase two is due
to be completed later this year.
Critics object to Dabhol charging INR7.1 a kilowatt-hour for its power,
compared with INR1.5/KWh charged by other suppliers.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
himendra.kumar@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron may sell some Brazil assets - SAmerica chairman

04/18/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

SAO PAULO (AFX) - Enron Corp is considering the sale of some energy
distribution and gas assets in Brazil but continues firmly interested in the
domestic energy sales market, financial daily Valor Economico quoted Enron
South America chairman Orlando Gonzales as saying.
"We are always revaluating assets. They are always up for sale if the offer
is good. Our strategy is to maximise the return to shareholders and for that
reason, we are always revaluating our positions in assets, markets and
investments," the paper cited Gonzales as saying.
mg/as For more information and to contact AFX: www.afxnews.com and
www.afxpress.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


Can I talk you or someone else who is close to this into a one pager on why
a simple supply/demand explanation of California border prices trumps
Carpenter's El Paso dun it conspiracy analysis?

I don't want Lay to be stumped by a question on this at his Wednesday IAEE
talk.

- Rob

----- Forwarded by Rob Bradley/Corp/Enron on 04/20/2001 03:13 PM -----

	Shelley Corman/ENRON@enronXgate
	04/20/2001 02:51 PM

		 To: Joe Hartsoe/Corp/Enron@ENRON
		 cc: Rob Bradley/Corp/Enron@ENRON
		 Subject: FW: Sacramento Pres Final 4_13_01(projected).ppt

Attached is Paul Carpenter (Brattle Group) preliminary findings that
marketers have market power at the border.

By my second email I'm sending Enron's responses to the pleadings at FERC
which refute the notion of the need to reinstitute price controls at the
California border.

Alternatively, a good argument to high gas prices at the CA border is the
message in Stan's natural gas roundtable speech (i.e. high gas prices can be
directly attributed to supply/demand factors).

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Thursday, April 19, 2001 12:28 PM
To: Fawcett, Jeffery; Harris, Steven; Fossum, Drew; Gomez, Julie A.; Corman,
Shelley; Hartsoe, Joe; Miller, Stephanie; Steffes, James; skean@enron.com;
Robertson, Linda; Shapiro, Richard; Kaufman, Paul; Mara, Susan; McCubbin,
Sandra; Guerrero, Janel; Denne, Karen; mpalmer@enron.com; Novosel, Sarah;
Fulton, Donna; Lawner, Leslie
Subject: Sacramento Pres Final 4_13_01(projected).ppt

FYI.  Presentation by Brattle Group before CA leg committee yesterday in
which they assert market power at the CA border (held by "out-of-state
suppliers") explains high gas prices in California.  If you have any
questions, call me at 415.782.7822.  Please forward to others whom you think
might be interested.  Stephanie, could you forward along to Barry?

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/19/2001 12:23 PM -----

	Douglas.Porter@sce.com 04/19/2001 11:36 AM 	   To: jeff.dasovich@enron.com
cc:   Subject: Sacramento Pres Final 4_13_01(projected).ppt

Per your request, attached are the presentation slides from yesterday.

Douglas Porter, Senior Attorney
Southern California Edison Company
(626)302-3964
(626)302-3990(fax)
douglas.porter@sce.com(See attached file: DRT2486.PPT)
 - DRT2486.PPT


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/15/2000 10:54
AM ---------------------------

bperron@columbiaenergygroup.com on 03/15/2000 10:39:35 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: Capacity Offer-Revised

I was asked to forward this revision to you.
---------------------- Forwarded by Brian Perrone/CES/ColumbiaGas on
03/15/2000
11:38 AM ---------------------------

KIM NOVSEK BIZIK
03/15/2000 11:37 AM

To: Doug Kinney/CES/ColumbiaGas@ColumbiaGas, Brian
Perrone/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Capacity Offer

Please forward this revision to Chris Germany.

---------------------- Forwarded by Kim Novsek Bizik/CES/ColumbiaGas on
03/15/2000 11:36 AM ---------------------------

afilas@keyspanenergy.com on 03/15/2000 11:34:23 AM
Please respond to afilas@keyspanenergy.com

To: lverona@hess.com, jschiavi@hess.com, Sharonbaker@williams.com,
Michael_Jessup@vapower.com, Duane_Blackowell@vapower.com,
Darren_Angerman@transcanada.com, Mccarwh@texaco.com, Johns00@texaco.com,
Carlnunziato@southernenergy.com, Vincent.tennariello@pseg.com,
Tjcrupi@papl.com, Bryan.Frey@gen.pge.com, CSB@ptrcom.com,
Tracey-Barnett@PerryGas.com, Kholub@PCEnergy.com, CFrezza@NUI.com,
NAU87@aol.com, JBurgess@Noblegas.com, GBBarth@njng.com, SILBER2D@KochiND.com,
SandyRengel@engageenergy.com, Tony.Muscarello@CESOURCE.com, JTOZZ@aol.com,
CKROG98@aol.com, JFoard@Coral-energy.com, KMLI@Dynegy.com, CJWA@Dynegy.com,
MarkG@Cook-Inlet.com, Rob.Gennarini@conectiv.com, MAOtters@utilicorp.com,
pegarner@duke-energy.com, maureen.smith@enron.com, dmueller@sempratrading.com,
tracy.wood@pgees.com, tcampo@njne.com, supply@castlepower.com,
sjfuel@mindspring.com, saulh@econnergy.com, rperez@allenergy.com,
rdauria@reliantenergy.com, quartiersm@nmenergy.com, pbaratz@totalnrg.com,
mnaeser@naenergy.com, metroenergy@worldnet.att.net, mcasas@statoilenergy.com,
marci.mansfield@pgees.com, lsmorris@MetromediaEnergy.com, Kim Novsek
Bizik/CES/ColumbiaGas@COLUMBIAGAS, kmgorden@duke-energy.com,
jneubauer@naenergy.com, jlupdale@metromediaenergy.com,
jgarofalow@castlepower.com, jbutkus@UtiliCorp.com, james.breslin@pseg.com,
intenergy@aol.com, energon@aol.com, cruikshankk@conedsolutions.com,
clombardi@advanix.net, ceine@aol.com, cbender22@aol.com,
tkain@worldnet.att.net, jcrowley@sempratrading.com
cc:
Subject: Capacity Offer

I am re-sending my file for all those who do not have the latest version
of Microsoft Office '97.
The attached file is a Word Document  6.0 in Microsoft Office '95.

If you have any problems, please call me (718) 403-2981.

 Thanks, Anne

 - Offer


Shjirley,

Please enroll me and Lance and Martin.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/05/2001
08:39 AM ---------------------------
   Public Relations
From: Public Relations@ENRON on 04/05/2001 12:54 AM
Sent by: Public Relations@ENRON
To: All Enron Downtown
cc:
Subject: Electrifying Lunch Break

Want to Learn About Electric Restructuring in Texas?

Want to Know What NewPower is Offering to Texas Consumers?

Come meet Gene Lockhart, president and CEO of The NewPower Company

Wednesday, April 11
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1

Please inform us ahead of time if you need special accommodations to
participate in this meeting. Call 3-9390.

Please bring your own lunch.
Beverages and dessert will be provided.


these are 50 mw - they've been changed.

Kerri Thompson@ENRON
02/15/2001 11:58 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb

do you know that status?

Kerri Thompson
02/14/2001 03:29 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

523212
523213

broker has 50 mws on both


Greetings:

Please review the attached.  It's a summary I've put together of a very
lengthy analysis MRW did for us over the weekend.  I've also attached the
considerably lengthier MRW memo for those who'd like to see it.  The tables
included in the summary are pulled directly from the MRW memo.  The analysis
only addresses the utilities undercollection (i.e., solvency) and doesn't
address any additional increases that might result from DWR's buying
activities.

The Bottom Line
 By raising average rates 10% over a 10-year period, California could 1)
return the utilities to solvency, and 2) help close the  supply-demand gap by
providing customers with better price signals.
 California could achieve these goals under this new rate structure and at
the same time exclude one-third of residential  customers from any increases.
If California chose not to exclude any customers from the new rate structure,
California  would only need to raise average rates by about 8.8%.
 This level of increase is in line with increases enacted in other states
(e.g., Washington: 28-34%; Montana: 4.5-32%; Idaho:  6.0-24%; Nevada:
7-12.5%; New Mexico 12%).

We'll need to look at it critically and try to shoot holes in it before going
public with the numbers as part of our broader effort, but it offers a
reasonable benchmark against which to judge alternatives (like spending the
kids lunch money on crumbling, broken down transmission systems).

Please provide feedback as soon as possible, and perhaps, Paul we conclude
the MRW work on the agenda for discussion on tomorrow's daily conference call.

Best,
Jeff

 - Undercollection assessment final.doc


_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
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Kay: At Gregg's request, I forwarded the comments to Jerry Fox, who is
handling this for Peoples. I spoke briefly with Jerry. He said he had
reviewed the comments and was in general agreement. He also indicated that
he needed more information to finalize the Petition. Although he hasn't yet
gotten back to me, I believe he is reviewing this. I plan to put in another
call to him later today.


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kv73eg9nam9z4x5e4gjm


As an update on negotiations on this agreement,  several messages have been
left for Mr. Shumway.  The last being this morning and was advised he is in
their Fort Worth office this week.
I will keep you informed of my progress.

DP