It seems that there are only a few issues for me to respond as to and these
are below.  You can handle the rest, I think.  Also, he jumped on the L/C
removal language that we discussed.

[references are to numbered paragraphs below]
(2)  OK
(5)  Did you ever receive a response from Rhett?
(7)  Per already responded to you.  Please find out if CP has Cayman counsel.
(11)  These are two separate issues.  Short of a conversation, it sounds like
he is confusing payments on Early Termination with consequential damages.
The former will capture unpaid premiums in the event of an Early Termination
based upon failure to pay.
(12)  Need to be consistent for both parties.
(14)  Is he right?
(15)  Verify with Rod.
(17)  I think I reviewed this point already, didn't I?
(19)  Check with Rod and I'll also review.

From: Susan Flynn on 05/09/2000 08:19 AM
To: Per Sekse/NY/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: ISDA with The Ospraie Portfolio Ltd.

 See Tudo's comments to our revised draft of the ISDA below.

----- Forwarded by Susan Flynn/HOU/ECT on 05/09/2000 08:19 AM -----

	"Daniel A Harris" <dharris@shearman.com>
	05/09/2000 05:47 AM

		 To: "Susan Flynn" <Susan.Flynn@enron.com>
		 cc:
		 Subject: Re: ISDA with The Ospraie Portfolio Ltd.

Susan,

Thank you for the revised drafts. My comments are as follows:

(1) Please date the Master Agreement as of February 1, 2000.

(2) Part 1(a) -Specified Entities. As Enron Corp guarantees the performance of
Enron NAC's obligations under the Agreement, please add the words "Enron Corp,
but only to the extent that Enron Corp is a Credit Support Provider". This
seems
reasonable.

(3) Please re-number the pages so that the Schedule starts on page 19 and the
Paragraph 13 starts on page 11.

(4) Part 1(e) - Payments on Early Termination. I am checking with Tudor as to
whether they are agreeable to Loss for trades going out beyond two years. I
would say, however, that I am not aware that they have agreed to this with any
other counterparty. That said, Per's point that the trades are much shorter
than
this is noted.

(5) Part 2(b) - Payee tax reps. Ospraie never makes payee tax reps other than
relating to its place of incorporation.  If this is an important point for
you,
I will get out tax group involved.  However, Tudor prefers that neither party
makes payee tax reps.

(6) Part 3(b) - Documents to be Delivered.  Party B annual financials - should
read "... 120 days after the end of its fiscal year".

(7) Part 3(b) - legal opinion. Please confirm that you will pay the costs of
Cayman counsel.

(8) Part 4(h) - Jurisdiction.  I am checking with Tudor as "any court" is much
broader than the non-exclusive jurisdiction of the NY courts.

(9) Part 5(b)(g) - Commercial User rep. Tudor cannot make this rep. Please
replace with the following: "Party A represents, with respect to Options, that
it is a producer, processor, commercial user of, or merchant handling, the
commodity subject to the Transaction or the products or byproducts thereof,
and
is entering into each Option Transaction solely for purposes related to its
business as such".

(10) Part 5(f) - Procedures for Entering into Transactions. Please remove the
word "deemed" in the last line. This is no longer relevant.

(11) Part 5(i). I am checking with Tudor. Is the "no consequential damages"
consistent with Part 7 which expressly provides for the payment of out of
pocket
expenses, the costs of a delta hedge etc. on non-payment of premium in a
currency option?

(12) Part 5(k) - Transfer.  For the part of the paragraph relating to Party A,
please change the proviso to read "and provided that such transfer will not
give
rise to adverse tax consequences to Party B or to a Termination Event or an
Event of Default, and the proposed transfer would not adversely affect Party
B's
existing netting or set-off rights or under applicable law".  The part of the
paragraph relating to Party B should provide: "Party B may transfer its rights
and obligations under this Agreement with the prior written consent of Party
A,
such consent not to be unreasonably withheld."  These amendments are intended
to
be reasonable and fair to both sides.

(13) Part 6 - line 2 "Definitions" - typo.

(14) Part 7(b) - please remove the reference to "ISDA". The FX Definitions are
previously defined in Part 5(e).

(15) Para 13(b)(ii). Please include longer term Treasuries. My understanding
is
that this is what has been agreed, but please let me know if this is not your
understanding and I will check with Tudor.

(16) Para 13 (b)(iii). Please remove the reference to L/Cs.

(17) Para 13(d) - Specified Condition (Tax Event) should refer to Section
6(b)(ii) and Specified Condition (TEUM) should refer to Section 6(b)(iii).

(18) Para 13(g). I will check with Tudor.

(19) Para 13(g). I think references to "Downgraded Party" and "Credit Rating
Event" are inappropriate. Please clarify. Is there any way you will agree to
the
provisions of Paragraph 6(c) without more? What seems to be important is that
the Secured Party is not a Defaulting Party - i.e. Para 13(g)(i)(1) (not (2)).
This is consistent with Para 6(c) of the pre-printed form. Para 13(h) is
related
to this issue.

(20) Para 13(i) and (j) - please remove. L/C-related provisions are no longer
relevant.

I look forward to receving revised drafts of the Schedule, Paragraph 13 and
guarantee in due course.

Kind regards.

"Susan Flynn" <Susan.Flynn@enron.com> on 09/05/2000 01:18:56

To:   Daniel A Harris/LN/EU/ShS@ShSDOMAIN
cc:   "Per Sekse" <Per.Sekse@enron.com>, "Sara Shackleton"
      <Sara.Shackleton@enron.com>

Subject:  ISDA with The Ospraie Portfolio Ltd.

     Please the attached letter, revised draft of the ISDA Schedule and Credit
Support Annex, and redline of the ISDA Schedule and Credit Support Annex
marked
to show the changes made from the previous version.

(See attached file: 164ltr.doc)

(See attached file: 347ctr-a.doc)

(See attached file: 347CTR-A(RED).DOC)

 - 164ltr.doc
 - 347ctr-a.doc
 - 347CTR-A(RED).DOC


Attached for your reference is a copy of the meeting notes taken on July 13,
2000 during a meeting with PG&E at TW's Flagstaff Compressor Station.  One of
the critical issues that came out of this effort was finding out from PG&E
that they need TW's deliveries to blend into the richer gas that they are
receiving from El Paso and Kern River so they can meet their air permit
emission limits on VOC's.  If they do not have TW's deliveries (dry gas) for
the blending they will not be able to maintain compliance in some
non-attainment areas.  John Shafer


Per Jaime Ginsberg's request I am forward our form of Confidentiality
Agreement for your review.


Fred,

For the record, I don't agree with your legal interpretation of the "impeded"
issue, nor do I agree with any rumor mill which opines as to what contributed
to the demise of the VEPCO project.

It is unfortunate (and in fact disturbing) if people who didn't have first
hand knowledge of the facts (and who lacked an understanding of  the legal
issues involved) have downplayed our position with SW.

Kay


CC list suppressed...

It looks like New York wants something that California
finds unnecessary in the economic model:  Supply.
One could bet that Barbara Streisand is one happy camper.
dsg

April 6, 2001

Judge Dismisses Complaints by Groups To Stop NYPA From
Opening Plants

Associated Press

A Brooklyn judge ruled Friday that the New York Power
Authority can proceed with plans to open nine new
metropolitan area power plants, rejecting the complaints
of a coalition of consumer groups.

The decision by state Supreme Court Justice Lawrence
Knipel came just two days after a Queens judge had blocked
the opening of two of the gas turbine generators in the
Long Island City section of Queens.

The anti-power plant groups "failed to demonstrate that
[NYPA] abused their discretion or violated any rule of
law" in efforts to open the plants, Judge Knipel wrote in
his 76-page decision.

NYPA and the other groups named in the suit "exercised a
level of care sufficient to pass legal muster" Judge
Knipel continued.

Mike Petralia, spokesman for the New York Power Authority,
hailed the judge's decision as "a good day for all New
York City residents. Now we can move forward to get the
plants operational, and keep the lights on this summer."

Mr. Petralia said NYPA hopes to have the plants up and
running by early June. The plants are scheduled to open in
Brooklyn, Queens, the South Bronx and Brentwood on Long
Island.

New York State Judge Issues Order to Stop Work on Queens
Power Plant (April 5)
Jason Babbie of the New York Public Interest Group, one of
the groups seeking to keep the plants from opening, said
his group was unsure if it would appeal this latest
decision.

"We are considering an appeal," said Mr. Babbie, the
environmental policy analyst for NYPIRG. "We are upset
about the decision. ... The government has spent money, in
effect, fighting against its own people."

The Brooklyn ruling does not supersede the earlier ruling
in Queens, according to both sides, since the two suits
were filed on different grounds. "There is no green
light," said Mr. Babbie.

According to Mr. Petralia, NYPA is in negotiations with
residents of the Queens neighborhood to clear the way for
those plants to become operational. Opponents included
Silvercup Studios, which produces the HBO series, "The
Sopranos."

The New York Power Authority has said it must get the
plants running by summer to ensure reliable electrical
service and avoid price spikes. NYPA officials warn that
New Yorkers could face the same problem currently
afflicting California unless something is done.


Save the date note would be great if you can do that.  --Sally

"White, Cara" <CWhite@texas.usta.com> on 02/15/2001 10:36:29 AM
To: "'Sally.Beck@enron.com'" <Sally.Beck@enron.com>
cc: "'cwhite@viviance.com'" <cwhite@viviance.com>
Subject: RE: anniversary

Sally - HAPPY BIRTHDAY!!!!!!!!!!!!!   Sorry I missed your call last night; I
was walking with another prego from the office.

Your payment offer is very generous;  I"m sure we can work it out.  I have
no problem putting it on my card for now.  We have the go-ahead from Cindy,
too - so I think I will go ahead and confirm with Jeffrey's this week.  When
you come in next weekend, maybe we can all look at the sample menus, and get
that decided as well.

Maybe we should send a little "save the date" note to the cousins to let
them know?   I would be glad to do that.

Thanks for your input.   I bet I will talk with you later today, on your
special day!    -cara

> -----Original Message-----
> From: Sally.Beck@enron.com [SMTP:Sally.Beck@enron.com]
> Sent: Thursday, February 15, 2001 10:23 AM
> To: cwhite@viviance.com; CWhite@texas.usta.com
> Subject: RE: anniversary
>
>
> I think that this looks pretty good, and don't know if we could better the
> cost too much by looking around.  Cara, would you like for me to hold the
> reservation on my credit card?  Don't know how much baby stuff may be
> hitting yours, so I would be glad to do so.
>
> I am real comfortable with sharing the costs of this dinner, but don't
> necessarily feel that we have to split it in thirds.  This is a good year
> for me to cover a large portion of the cost - when we did the 40th
> anniversary party, David and I  were not in such good shape and I think
> that Cindy and Richard covered a lot of the costs.  Things ebb and flow -
> 2000 was a good year at Enron and this would be a good time for me to put
> some of my reward to good use.  --Sally
>
>
>
>
> "Cindy White" <cwhite@viviance.com> on 02/14/2001 05:56:20 PM
>
> To:   "Sister" <sally.beck@enron.com>, "White, Cara"
>       <CWhite@texas.usta.com>
> cc:
> Subject:  RE: anniversary
>
>
> Ok--being the one that probably doesn't really have the dollars to do this
> I
> would still say "yes"----will try to make room on a credit card for
> this--have until June so I think it is ok.....
>
> Will call the picture lady tomorrow and see what the price would be for
> that--will email you the results.
>
> Sista Cindy
>
>
> -----Original Message-----
> From: White, Cara [mailto:CWhite@texas.usta.com]
> Sent: Wednesday, February 14, 2001 3:35 PM
> To: 'cwhite@viviance.com'; 'sally.beck@enron.com'
> Subject: anniversary
>
>
> Hi, sistas-
>
> Here's the scoop on the Josephine House:
>
> We can reserve with just a credit card; no deposit required.
>
> Parties under 20:  $200 room fee.  $50 valet parking fee.
>
> I confirmed "17" with mom.
>
> Heidi sent some sample menus.   A 3-course menu (appetizer or salad,
> entree,
> dessert) is $45.
> A 4-course (same as 3-course plus hors d'oeuvres) sample menu is $52.
> Each menu could include a choice of three or four options per course.  The
> food sounds really good.
>
> So, here's a guess at cost:
> 17 people at $45 =   $765
> Beverages =          $200
> Gratuity =          $193
> Valet =             $  50
> Room rental =       $200
> TOTAL               $1408, or $469 per family if we divide it into
> thirds
>
> What do you guys think?   Should we explore other options - or just go
> with
> this?   I think Chris and I would be fine with this sort of cost - but
> probably couldn't go crazy with gift and decorations too.  So, if we
> really
> want to do the photo(s) - do we have a cost for these yet?, we may want to
> consider other options.    Thoughts?   -cara
>
> Cara White
> Community Development Coordinator
> USTA Texas Section
> 1-888-883-6388
> cWhite@texas.usta.com
>
>
>
>
>


Hi again,

I checked my maps of DC, and it looks like the Hotel Washington might be a
good alternative.  Could you see what they have for Mon/Tues night?  Also,
please check back with the Willard to see if they have had any cancellations.

Could you email me your telephone number and the afterhours number?

Due to the shortage of time, please call me with any information you might
have.  I should be in my office from 830 until 930.  Ex 57566  If I'm not
there, I'll be checking messages.

Thanks,

Kay

Diane Fitzgerald <diane.fitzgerald@travelpark.com> on 08/04/2000 04:08:27 PM
To: "'KAY.MANN@ENRON.COM'" <KAY.MANN@ENRON.COM>
cc:

Subject: Please review your following upgraded itinerary. Have a nice tri p!

                                          MANN/C KAY
                                          ATTN SUZANNE ADAMS
                                          713 853-7340
  ENRON CORP                  3AC SUITE 400

  DATE:  AUG 04 2000

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  07AUG HOUSTON        WASHINGTON     1053A   0252P
CO 1460    A          MON   G.BUSH INTERCO R REAGAN NAT
                            TERMINAL C     TERMINAL B
                            LUNCH                         NON STOP
                            RESERVATION CONFIRMED         2:59 DURATION
                  AIRCRAFT: BOEING 737-500
                            SEAT 03B NO SMOKING CONFIRMED MANN/C KAY(IDS8
                    FIRST CLASS UPGRADE IS CONFIRMED.

HOTEL                 07AUG FOUR SEASONS WASHINGTON
                      09AUG 2800 PENNSYLVANIA AVENUE NW
                             WASHINGTON, DC 20007
                            UNITED STATES OF AMERICA
                            TELEPHONE: 202-342-0444
                            FAX: 202-944-2076
                            TELEX: 904008
                            CONFIRMATION: 89115111
                            SINGLE KING SIZE BED
                            RATE: COR USD 305.00 PER NIGHT
                            GUARANTEE GIVEN
                            CANCELLATION POLICY: REQUIRES CANCEL BY 6PM
                            DAY OF ARRIVAL
                            ENRON CORP RQST NONSMKG
     TO AVOID NO SHOW BILLING. CANCEL 6PM HOTEL TIME DAY OF ARRIVAL

CONTINENTAL AIRLINES  09AUG WASHINGTON     HOUSTON        1130A   0133P
CO 1837    A          WED   R REAGAN NAT   G.BUSH INTERCO
                            TERMINAL B     TERMINAL C
                            LUNCH                         NON STOP

                            RESERVATION CONFIRMED         3:03 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 03B NO SMOKING CONFIRMED MANN/C KAY(IDS8
                    FIRST CLASS UPGRADE IS CONFIRMED.

MISCELLANEOUS         08OCT HOUSTON
                      SUN   ** THANK YOU FOR USING THE TAP **

MANN/C KAY(IDS8C061MR102049)

CO  FREQUENT FLYER COHG770475
LIL BAILEY 345-6275
INTL TVLRS: CARRY SOS WALLET CARD W/ENRONASSISTANCE INFO
CALL SOS: IN U.S 800 523-6586/INTL 215 245-4707 (COLLECT)
*******************************************
THIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET.
PLEASE CHECK-IN WITH PHOTO IDENTIFICATION AND WITH
EITHER (1) THIS RECEIPT OR (2) YOUR CONFIRMATION NUMBER.
.
YOUR ETKT CONFIRMATION NUMBER IS: O 2 G 5 D 5


The Approval status has changed on the following report:

Status last changed by:  Automated Administrator
Expense Report Name: Jeff Shankman
Report Total: $1,264.52
Amount Due Employee: $1,264.52
Amount Approved: $1,264.52
Amount Paid: $0.00
Approval Status: Pending
Payment Status: Pending

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


Teco Tap       60.000 / Enron ; 90.000 . HPL Gas Daily


---------------------- Forwarded by Scott Neal/HOU/ECT on 04/12/2001 03:11 PM
---------------------------

Kristen_Salivonchik@Dell.com on 04/12/2001 12:01:51 PM
To: sneal@enron.com
cc:
Subject: Please Show Dana

> Hi Steve!
>
> Please show this article to Dana.  It mentions stem cells for nerve
> tissue, maybe it can help her Mom.
>
> http://dsc.discovery.com/news/reu/20010409/stemcell.html
>
> Researchers say stem cells, which were first isolated just over two years
> ago, have the potential to grow new heart muscles for people with cardiac
> disease, new insulin-producing cells for those with diabetes and even new
> nerve tissue for those suffering from spinal injuries or Parkinson's or
> Alzheimer's diseases.
>
>
> So how are you doing?
>
> Take care!
>
> Kristen
>


schedule
----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 02:49 PM -----

	Kathy Dodgen@EES
	01/19/2001 05:56 PM

		 To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, David W
Delainey/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Karen S Owens@ees@EES, John
J Lavorato/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron, Vicki
Sharp/HOU/EES@EES
		 cc: Rosalee Fleming/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Carol Moffett/HOU/EES@EES, Karen K Heathman/HOU/ECT@ECT,
Liz M Taylor/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Karen Owens/HOU/EES@EES,
Leasa Lopez/HOU/EES@EES
		 Subject: California Action and Next Steps Meeting. Monday, January 22

From Dan Leff:

A California discussion meeting has been scheduled for Monday, January 22,
immediately following the Executive Committee Meeting (approximately 12
p.m.).
Thank you.

Dan Leff

Rosalee - Can you please let me know if the Board Room is available for this
meeting (it's late Friday afternoon and I am unable to find out this
information).   I will call you on Monday.  Thanks for your help.

Kathy Dodgen
3-6077


Sorry, I filled out the form and sent it to HR.  It was difficult to rank the
candidate using the printed form but I thought she looked very good and after
speaking with Elizabeth to get her impressions (which I have not done), I
would probably make her an offer.  Sara

Carol St Clair
04/11/2000 01:57 PM
To: Susan Flynn/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc:
Subject: Jacqualine McKoy

Please send me an e-mail today with your impressions of this candidate so
that I can report back to HR.  Thanks.
Carol


----- Forwarded by Tana Jones/HOU/ECT on 11/13/2000 09:25 AM -----

	Tom Moran
	11/10/2000 06:26 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Florida Ballot

 - Morons1.gif


Shall we toss for who rings back?  Its going to be a long conversastion.

 -----Original Message-----
From: 	Belden, Tim
Sent:	Friday, January 04, 2002 11:40 AM
To:	Kitchen, Louise; Lavorato, John
Subject:	Option on Employment Contract

Like you, I am getting very frustrated with this process.  I am genuinely trying to be as reasonable as possible.  I am not trying to "hold up" the deal at the last minute.  I'm afraid that I am being asked to take a fairly large leap of faith after this company (I don't mean the two of you -- I mean Enron) has screwed me and the people who work for me.

I am generally ok with the concept of the option, the doc, and comp parameters.  In addition, I need assurances that 90 day retentions will be paid to the people we have identified who deserve them and haven't received them and I need to know that the comp conveyed to me in 2001 is secure.

It is unlikely that I would be here today if it weren't for the collective comp conveyed to me during 2001.  I have received assurances from the two of you, Oxley, and Greg at different times as to the security of the comp received.  The messages generally start with "it's safe," "don't worry about it," "all comp paid in 2001 advanced the interest of shareholders and the estate," "low probability that there will be any issues," ....  At other times, particularly when you want me to commit to this deal, the logic changes.  The comp paid in 2001 becomes risky and will become a whole lot safer if I'm on the team.  While I recognize that Enron is a very strange and fluid place these days, it appears that at times the story changes depending on what you want me to do.

When I ask for indemnification on comp paid to me in 2001 the answer is that it is off the table -- a non-starter.  Why?
Because the estate is negotiating the deal.  Then have them negotiate that on behalf of me.
Because the buyer has no interest in legacy issues with the estate.  I wouldn't be here but for the legacy issues with the estate -- it is definitely the buyer's issue!
Because people have too much to do to get this deal done to take the time to negotiate with each employee.  I am available at any time wherever you want me to be to discuss this matter if and when the estate/the buyer have time.
Because we don't know who from the buyer to negotiate with.  Someone from the buyer has to decide on comp and contract issues -- why not figure it out now.
Because this deal is bigger than Tim Belden.  I'm not delusional.  I know that this is a big deal with a lot of moving parts.  If it's bigger than me then it will likely move forward without me.

Since I am not "on the team" right now, I am also working with a great deal less information than you have.  I respect your choice to differentiate the information disseminated to people "on the team" versus not "on the team."  However, the consequences of that choice provide less information to me which creates a greater leap of faith in my mind.  For example, I have no idea how the mechanics of getting these options done, conveyed to the creditors/buyer/estate/judge works.  Louise inidicated that it would be a memo or some form of written document indicating the people and total dollars needed to secure them.  If that's the case, you could add my indemnification amount (adjusted by probability of payout) to that total and it surely wouldn't blow up the deal.  Unless, the probability of payout is high.

Furthermore, I am not proposing that we change the basic employment doc (subject to comment from my lawyer, but I'll try to keep immaterial changes to a minimum).  I am saying that a condition precedent for me is to negotiate a separate indemnification doc with the buyer.  At that point in time, I would hope that they have the time and the inclination to discuss such a doc.  Perhaps at that time, some of the 2001 comp issues will already be cleared through the bankruptcy judge making the discussion that much easier.  Based on various discussions with the two of you over the last couple of weeks I have been led to believe that such a decision is expected and perhaps imminent.  I don't understand why this is a non-starter issue, but I don't have the same information that you do.

To be clear, here is the basic deal that I am willing to offer as a free option to the buyer:
the deal as it exists plus
retention payments for those still with the company who deserve them who have not yet received them.
indemnification of 2001 comp up to $4 million.

I expect that the two of you will tell me that I'm not on the team, that 800 people are going home, and that the Portland office will be moved to Houston if this thing survives.  That is not what I want to happen.  If this deal is bigger than me then those things shouldn't happen.  I have given this a lot of thought over the last couple of days and came up with my conclusions.  I am open to any productive discussions that you would like to have.

In talking through this stuff with Mike and Matt I realize what a hard position you guys are in.  I feel that I have lost ground rather than gain ground with them in the last couple of days.  I trust that you are trying to do the right thing.  There are just so many things that are uncertain right now that it makes it very difficult for me to give away the option that you have requested without firming up some other issues for me at the same time.

Finally, I apologize for hanging up on Louise ealier.  It's probably better than me hearing what she was about to say and her hearing what I was about to say.  I will call to see that you received and read this e-mail.  I am comfortable with whatever you decide to do.

Tim


National Journal's CongressDaily
Issue date:  October 25, 2001
-=-=-=-=-=-=-=-

ECONOMY
Senate Republicans To Embrace Bush's Stimulus Plan
   Senate Republicans will step into the economic stimulus debate
by backing President Bush's proposals but bypassing the plan
authored by House Republicans as well as proposals by Senate
Finance Chairman Baucus and other Senate Democrats. Sources said
ideas Bush outlined three weeks ago could be put into legislative
language as early as this week. These include corporate
alternative minimum tax relief, accelerated income tax rate cuts,
rebates for low-to middle-income workers, expanded health and
unemployment benefits and more generous write offs for business
investments. Senate GOP sources said the meeting of Senate
Republican leadership and administration officials was called so
Finance Committee Republicans could clarify the details of the
president's proposal in order to produce legislation the entire
GOP Conference can rally around. "What is most likely to unite
Senate Republicans," one source said, "is something akin to what
the president proposed. But ultimately we've got to write
something here."
   After meeting in Minority Leader Lott's office with key GOP
ranking members, Treasury Secretary O'Neill and White House
Director of Legislative Affairs Nicholas Calio, Sen. Orrin Hatch,
R-Utah, said, "Show me that any one of the four points the
president recommended would not stimulate the economy and show me
how anything the Democrats are recommending would stimulate the
economy." Hatch contended that the spending many Democrats want
to see would be "destimulative." Senate Appropriations Chairman
Byrd and Majority Whip Reid have proposed a $20 billion package
of homeland security and infrastructure spending that could serve
as the spending component of their stimulus bill. Sen. Phil
Gramm, R-Texas, predicted the public would reject the "piracy"
inherent in Democratic spending plans, in contrast to Bush's
simple call for a limited economic boost.
   Gramm said Bush already has compromised by allowing up to 25
percent of the stimulus to be allotted to spending. "That was for
the Democrats just for being there. That is the price they are
going to charge," Gramm said. But he and Hatch said the time had
come to draw a line. "There has got to be some give on their part
too," Hatch said. Senate Finance ranking member Charles Grassley,
R-Iowa, added that Bush's agreement to accept an additional
rebate was also a concession to Democrats. Grassley said his GOP
colleagues still want him to work with Majority Leader Daschle in
crafting a bipartisan agreement, but time is of the essence,
according to a letter by IRS Commissioner Charles Rossotti to
Grassley. Rossotti said Congress would need to act by Nov. 1 to
get additional rebate checks out and make other adjustments to
tax documents by the end of the year. - by Stephen Norton and
Lisa Caruso
-=-=-=-=-=-=-=-

TRANSPORTATION
House To Vote On Aviation Security Measure Next Week
   Bolstered by a letter of support that President Bush sent to
Speaker Hastert today, House GOP leaders scheduled a vote on
their version of an aviation security bill for next Wednesday.
"This is later than we should have been to get this bill on the
floor," said Majority Leader Armey, adding that it is a "shame a
fight has to be made." The major point of dissent is over whether
to make most airport security officials federal workers, as the
Senate bill does, or merely increase government standards and
supervision while letting the president decide whether to
federalize workers, as Bush and House Republicans prefer. In the
letter, Bush criticized proposals to federalize workers but
stopped short of saying he would veto the bill, saying, "Such an
inflexible, one-size-fits all requirement fails to permit
security tailored to the very different circumstances that exist
at airports across the country." Transportation Secretary Mineta,
appearing with GOP leaders to endorse their approach, said today
there is "nothing wrong with a low bid, as long as you have high
standards."
   When asked why a vote has taken so long, since the Senate
passed its bill 100-0 two weeks ago, House Republicans blamed
Democrats. "We're sorry we haven't been able to reach [an]
agreement with the Democrats on it and we're sorry the issue has
to be politicized," said Transportation and Infrastructure
Aviation Subcommittee Chairman John Mica, R-Fla., who wrote the
House GOP bill with Transportation and Infrastructure Chairman
Young. But Majority Whip DeLay told reporters earlier this month
the House would not schedule a vote on the bill until it had the
votes.
   House Democrats have proposed a bill of their own that would
federalize workers, and say the U.S. public supports the idea.
"We're hopeful it will come up next week . and we'll have a good,
sensible alternative," Minority Leader Gephardt said. Gephardt
said he expects Democrats will have an opportunity to offer their
alternative. "The speaker has been very positive and
encouraging," he said. "My belief is that if we sent [Bush] a
reasonable bill that has bipartisan support that he would sign
the bill."
   Meanwhile, Transportation Department officials are attempting
to reassure the public that they are taking steps to improve
security in the interim, even as news organizations reported
today that a man accidentally took a gun on a plane in his
briefcase. FAA Administrator Jane Garvey told the U.S. Conference
of Mayors - which supports full federalization of airport
security - that the administration is considering issuing "smart
cards" to identify passengers who do not pose a risk, has
deployed more sky marshals, and has freed up some funds airports
could use for security operations temporarily that would
ordinarily go toward airport infrastructure improvements. The
government also intends to be able to screen all luggage and
cargo by 2004, Garvey said, which some mayors said was not soon
enough. Garvey said she was "confident in the final analysis that
all sides will be willing to compromise." - by April Fulton and
Mark Wegner
-=-=-=-=-=-=-=-

OUTLOOK
Appropriations To Dominate Next Week's Floor Schedule
   After the Senate votes on anti-terrorism legislation today, it
is scheduled to take up the FY02 Agriculture appropriations bill.
Senate Majority Leader Daschle said he would focus on
appropriations bills next week, with the District of Columbia and
Labor-HHS appropriations bills slated to come up next. He said he
then would devote more attention to an economic stimulus package.
Daschle said he and other key Democrats have not decided whether
to move stimulus items in one bill or more than one bill. He said
Appropriations Chairman Byrd had assembled an "excellent" package
of spending proposals that he said met his key criteria of
producing an immediate stimulative effect. Meanwhile, the House
will reconvene next week Tuesday with votes on suspension bills
scheduled for after 6 p.m. A spokesman for House Majority Leader
Armey said the House is scheduled to take up airline security
legislation Wednesday (see related story above.). House members
also face votes next week on the FY02 Defense appropriations bill
and conference reports for the FY02 Treasury-Postal and
Legislative Branch appropriations bills, in addition to any other
available conference reports for spending bills. No Friday votes
next week are expected.
   Technicians today continued to sweep congressional office
buildings for anthrax after a location near the freight elevator
on the Hart Senate Office Building's first floor testified
positive for anthrax exposure. Daschle called the new discovery
"troubling" because it is not known what the connection is
between Daschle's office suite on the fifth and sixth floors -
where an anthrax-tainted letter was received last week - and the
freight elevator. One possibility is that the elevator was used
to deliver the contaminated letter to Daschle's office.
Nevertheless, Daschle emphasized that only a "trace" of anthrax
was discovered at the elevator, and said further cleanup efforts
could allow more facilities to open soon.
   Technicians undertook remediation efforts using a foam to
eliminate anthrax from the Senate Dirksen building mailroom
Wednesday. Daschle said that if tests on the building turn out
negative, it would be open Friday. He also said efforts were
under way to seal off the 13 offices in the Hart building's
southeast quadrant to allow senators and staff in other areas of
the Hart building to return to work. "I am very confident that we
will be able to seal it in a way that will provide us complete
confidence that we can access the rest of the building without
any hazardous exposure," he said. Daschle also vowed that once a
new system is set up, "there will not be one piece of mail that
will come on the Hill without an adequate test." He noted that
senators receive thousands of pieces of mail each week, and that
it is a vital way to communicate with constituents.
   Daschle was guarded in his response to reports that the type
of anthrax used in the attack in his office is highly
sophisticated, and likely derives from facilities either in the
United States, the former Soviet Union, or Iraq. "I've been told
that this is a common variety of anthrax," he said, adding that
it may be a little more "aerosolable" than usual. Daschle
emphasized that the anthrax used responds to treatment with
antibiotics. Daschle said he would try to strike a balance in the
response to current or future attacks, saying it is neither
healthy nor helpful to "exacerbate the paranoia or fear." He said
a group of government health officials had responded prudently to
the incident. "Have they done it perfectly? The answer, of
course, is no," he said. - by Geoff Earle and Mark Wegner
-=-=-=-=-=-=-=-

HEALTH
House Democrats Want $7 Billion To Fight Bioterrorism
   House Democrats today unveiled a $7 billion package to fight
bioterrorism, including far more funding for state and local
preparedness than the Bush administration has proposed. "Cities,
towns and counties on the front line in this fight should have
the resources to reduce the threat from biological terror," said
Minority Leader Gephardt, who was flanked by more than a dozen
members of the Democratic Homeland Security Task Force that
drafted the measure, which was led by House Democratic Caucus
Vice Chairman Robert Menendez of New Jersey. The bill would
provide at least $2 billion directly to state and local agencies
to beef up their ability to plan for and respond to potential
attacks, compared to $175 million proposed by the administration.
   The Democrats' bill would also authorize funds to boost the
amount of drugs and vaccines in the national pharmaceutical
stockpile, to increase protections for the nation's food and
water supply, and to increase the ability of the military and
intelligence community to address bioterrorism. Gephardt said he
hoped the measure would become a bipartisan one - Democrats
talked about it in general terms with Bush administration
Homeland Security Director Tom Ridge Wednesday, he said, but
added, "We thought the first thing to do was to get our own heads
together."
   Meanwhile, negotiations are continuing in the Senate Health,
Education, Labor and Pensions Committee over a bipartisan
bioterrorism bill. A spokesman for Health, Education, Labor and
Pensions Chairman Kennedy said he has reduced his funding
proposal from $10 billion to "around $6 billion," but that
remains too high for most Republicans. "The number is still the
big sticking point," said an aide to HELP ranking member Judd
Gregg, R-N.H. Gregg's spokeswoman said the policy part of the
measure is starting to come together, and that it will consist of
three major sections. One will address food safety issues, a
second will provide more authority for HHS, and the last will
provide new incentives for drug companies to develop drugs and
vaccines to combat bioterrorism agents.
   Also, Senate Majority Leader Daschle said at his news
conference today he would support a bioterrorism bill that
focused on three elements - creating as many new vaccines as
possible, improving the government's ability to respond to
bioterrorism threats and the agricultural "aspects" of
bioterrorism. A Daschle aide later said Daschle's agro-terrorism
priorities are increasing food inspection, increasing security at
USDA labs and other facilities and improving the government's
ability to trace tainted food back to the source of
contamination. The aide said Daschle is working with Sen. Pat
Roberts, R-Kan., to incorporate elements of the agro-terrorism
bill that Roberts has introduced with legislation being developed
by Kennedy and Sens. Bill Frist, R-Tenn., Hillary Rodham Clinton,
D-N.Y., and Richard Durbin, D-Ill. Durbin this afternoon said he
intends to offer an amendment to the Kennedy-Frist bill that
would require food manufacturers to register with the FDA, give
the FDA authority to inspect food plant companies' records, grant
USDA and FDA mandatory recall authority, and give the FDA the
authority to detain contaminated food, a power USDA already has.
Durbin would also place further controls on imported foods and
require imported foods to be labeled to indicate country of
origin. - by Julie Rovner and Jerry Hagstrom
-=-=-=-=-=-=-=-

FINANCE
Insurance Industry Pleads For A Reinsurance 'Backstop'
   Private sector and financial industry officials came on bended
knee before the Senate Banking Committee today, making a case for
the creation of a "two to three year" federal terrorism
reinsurance "backstop," which they described as being pivotal to
preventing a disastrous ripple effect in the U.S. economy.
Several committee members in turn took pains to compliment the
insurance industry for stepping up to the plate and agreeing to
promptly paying claims associated with the Sept. 11 terrorist
attacks. Today's hearing marked the second day of testimony taken
by the Senate Banking panel, which is attempting to reach
consensus on a short-term mechanism that will help the insurance
industry and its commercial clients transition to the realities
of property and casualty coverage in the post-Sept. 11
environment.
   Senate Banking ranking member Phil Gramm, R-Texas, who drew
considerable attention at Wednesday's hearing by criticizing
aspects both of an industry and White House plan as not being
sufficiently market-oriented, made remarks today which were less
rhetorically combative. "I don't expect any insurance company to
put its capital at risk on a proposition that has no hope of
being a success," Gramm said. He and other senators, including
Sen. Christopher Dodd, D-Conn., warmly praised the insurance
industry for their response to the Sept. 11 attacks. As for the
mechanics of the backstop, Gramm said he was leaning towards a
modified version of the White House's three-year proposal.
However, Gramm said he would prefer a two-year program that
effectively started with the terms contained in the second year
of the White House plan.
   Gramm also suggested that the mechanism kick in for acts of
terrorism as defined "not by the media," but by the attorney
general, Treasury secretary and Federal Reserve chairman.
Further, Gramm emphasized his desire to ensure that the federal
government is not the "first dollar payer." Overall, Gramm said
the White House plan was a "good start," and proposed that with
time running so short in the session, Congress use it as the
base.
   Insurance, reinsurance and banking industry officials said
they preferred two to three years, given the multi-year nature of
most large-scale construction projects. Some of the bluntest
testimony was delivered by Thomas Donohue, president and CEO of
the U.S. Chamber of Commerce. Donohue said federal assistance for
the industry was inevitable to counter the economic impact
associated with the lack of or prohibitively priced insurance
coverage. He quipped, "You can cover me now or you can cover me
later." Donohue emphasized his desire to see a mechanism that
"keeps [the private sector] up to their necks without letting
them go under." Leslie (Bud) Baker, chairman of Wachovia Corp.,
one of the five largest commercial real estate lenders, offered a
banker's perspective. "Only the federal government can provide
the insurance industry the breathing room it needs," he said.
Robert Vagley of the American Insurance Association emphasized:
"It's not a bail out.The primary beneficiaries of such
legislation are our customers and the U.S. economy." Baker said:
"No insurance, no lending, no lending, no economy. We need your
help." - by Pamela Barnett
-=-=-=-=-=-=-=-

APPROPRIATIONS
House Unanimously Passes CR To Last Through Nov. 16
   The House today unanimously approved its fourth FY02
continuing resolution, 419-0, to extend federal government
funding at FY01 levels through Nov. 16, when Congress is
scheduled to recess for the weeklong Thanksgiving break. Although
just two FY02 spending bills - Interior and Military Construction
- have been conferenced and sent to the president, a House
Appropriations Committee spokesman said the panel is optimistic
that the remaining 11 could be finalized before this continuing
resolution runs out. A conference committee on the Treasury-
Postal spending bill is scheduled to meet this afternoon while
the Energy and Water appropriations conference is for next
Tuesday; the VA-HUD spending bill conference also expected
sometime next week.
   The House has one more FY02 appropriations bill yet to approve
- the $317.5 billion Defense spending bill that was reported out
of committee Wednesday. But it will not be filed until sometime
next week so the committee can write a separate title that
Appropriations Chairman Young hopes to attach to the Defense
spending bill which would allocate the second $20 billion in
emergency supplemental funds Congress appropriated last month in
response to the Sept. 11 terrorist attacks.
   While Appropriations ranking member David Obey, D-Wis., has
called for adding tens of billions more to the bill to further
fund defense and homeland security needs, Young remained
noncommittal about whether he agrees with Obey that more money
should be appropriated now. "Whatever's needed, whenever it's
needed, will be provided," Young told reporters. He noted that,
at present, the president and GOP leaders are not inclined to
spend more than the $40 billion already appropriated for the
remainder of this session of Congress - although most have
acknowledged the president will likely have to request another
FY02 supplemental early next year.
   Also today, Senate Budget ranking member Pete Domenici, R-
N.M., introduced legislation to amend the FY02 budget resolution
and budget law to raise the statutory cap on FY02 discretionary
spending to $686 billion in budget authority and $707 billion in
outlays. The legislation, which is needed to avert a 60-vote
point of order against legislation that exceeds the cap, brings
the FY02 spending ceiling in line with the figure negotiated last
month by the White House and congressional appropriators.
Domenici's bill, which has the administration's support, would
also reset the so-called pay-go scorecard back to zero, requiring
any additional mandatory spending or tax cuts to either be offset
or declared an emergency. - by Lisa Caruso
-=-=-=-=-=-=-=-

DEFENSE
Dems Push For Homeland Post, Despite Bush's Protests
   Two key Democrats will not give up a drive to enact
legislation creating a Cabinet-level Homeland Security Department
despite a direct plea from President Bush. "I'm going to continue
to push here," said Rep. Jane Harman, D-Calif., who has emerged
as a key player on the issue. Senate Governmental Affairs
Chairman Lieberman also has pledged to continue pushing the bill,
sources said. "Whether we can enact a law before November isn't
clear, but we can start the process," Harman said. The Democrats'
resistance comes as White House Homeland Security Director Tom
Ridge signaled today a willingness to accept legislation after he
has a chance to settle into the new role, and said he would be
"very open minded" to legislation at a later date. But added,
"Right now, I don't believe I need statutory authority to do what
the president has asked me to do."
   On Wednesday, a bipartisan group of senators and House members
began working to merge a handful of related homeland security
measures into a single bill. Lieberman convened a closed-door
session in the Capitol and said he would not back off the effort.
Later that day, President Bush hosted the top Democrats and
Republicans on congressional Intelligence, Armed Services and
Government Affairs committees to give a status report on the
administration's efforts to fight terrorism. He also asked
Congress to hold off on legislation in order to give the White
House more time to set up its Office of Homeland Security. After
the meeting, one key member - Senate Intelligence Chairman Graham
- agreed to back off. "When the president of the United States
has a position on that . it has influence," Graham said.
   Separately, the U.S. Conference of Mayors today endorsed a
plan to make the Homeland Security Office a full-fledged Cabinet-
level position, with budgetary authority and direct control over
a slew of federal agencies involved in anti-terrorism efforts.
During a conference today in Washington, the mayors also called
on Ridge to create a permanent commission of mayors and local
officials to advise the White House on ways to improve
coordination on anti-terrorism efforts. "We strongly support
giving this office all the authority and funding that it needs,"
New Orleans Mayor Marc Morial said. Ridge, speaking at the
mayor's conference, said he has all the power he needs for now,
saying, "I certainly have access . I know I have the authority."
- by Brody Mullins
-=-=-=-=-=-=-=-

POLITICS
Senate Passes Legislation Giving Police Expanded Powers
   The Senate this afternoon sent President Bush legislation, by
a 98-1 vote, giving police new and expanded powers to track,
punish and detain suspected terrorists. The House passed it with
overwhelming support Wednesday and Bush is expected to sign it
before the end of the week. The legislation, somewhat weakened
from what Attorney General Ashcroft proposed, expands the FBI's
wiretapping and electronic surveillance authority and imposes
stronger penalties for harboring or financing terrorists. It also
redefines what terrorist acts are and increases the punishment
for them.
-=-=-=-=-=-=-=-

POLITICS
Hastert Warns Patronage Appointees Should Not Run Lincoln Library
   House Speaker Hastert warned Wednesday that the $115 million
Abraham Lincoln Library and Museum in Springfield, Ill., should
not be run by patronage appointees from outgoing GOP Gov. George
Ryan's administration, the Chicago Tribune reported. Although
Hastert did not name names, his rebuke was clearly aimed at the
governor and Ryan's chief of staff Robert Newtson. Ryan has said
Newtson is "eminently qualified" to become the library's
director, even as the governor picked a panel to conduct a
nationwide search to fill the post. Hastert has been perplexed by
the political controversy Ryan has created over the library
director's post, particularly since he came to the governor's
defense in a dispute over the library last year with GOP Sen.
Peter Fitzgerald. Fitzgerald raised the possibility that Ryan
would steer up to $50 million in federal construction funds for
the project to cronies and attempted a filibuster to force the
Senate to demand safeguards to prevent that from happening. The
filibuster failed, but Hastert accused Fitzgerald of "political
grandstanding" and making unfair personal attacks on Ryan's
integrity.
-=-=-=-=-=-=-=-

POLITICS
Largent To Submit A Letter Of Resignation Friday
   Rep. Steve Largent, R-Okla., will submit a letter of
resignation Friday, but it will not take effect until Feb. 12 so
voters in his Tulsa-based 1st District can choose a successor
without losing representation, The Daily Oklahoman reported.
Largent, who had already announced his intent to resign Nov. 29
so he can focus on his race for governor next year, was able to
do so after the Oklahoma Legislature rushed through a change that
enables a special election to be held before he actually resigns.
Largent hopes to succeed GOP Gov. Frank Keating, whose wife Cathy
is among the candidates seeking Largent's seat. The bill approved
Tuesday and signed into law by Lt. Gov. Mary Fallin Wednesday
sets the primary election for Dec. 11, with a runoff - if needed
- on Jan. 8, and the special election Feb. 12. If no runoff is
needed, then the special election would be held Jan. 8. Besides
Keating, Republican state Rep. John Sullivan and state Sen. Scott
Pruitt are seeking the seat, while former Tulsa School Board
member Doug Dodd seeks the Democratic nomination.
-=-=-=-=-=-=-=-

ATTACK UPDATE
   U.S. jets bombed the front lines north of Kabul today, setting
off huge fireballs and columns of black smoke near Taliban
positions, the Associated Press reported. Some opposition
commanders urged America to send in ground troops to quickly
liquidate the Taliban. At the Islamic militia's southern
stronghold of Kandahar, U.S. strikes hit a bus near the city
gates and at least 10 civilians were killed in a fiery explosion,
the Taliban and residents said. But the claim could not be
independently verified. For a fifth straight day, U.S. jets
roared over the front line about 30 miles north of the capital
city of Kabul, swooping down and dropping bombs on Taliban
positions on the Shomali Plain. The pattern of attacks suggested
the United States was trying to push the Taliban back from the
opposition-controlled Bagram airport so the Northern Alliance can
use the airfield.
   Meanwhile, in New York, the Secret Service is investigating
two vials containing salmonella that were sent to former
President Clinton's office in Harlem. A Secret Service spokesman
said 15 vials containing an unknown substance were in a package
received at Clinton's office in early October with certain
writings were included in the package, but he did not elaborate.
Clinton did not handle the package and nobody has gotten sick
from it. Also, an employee at a State Department mail facility in
Virginia has been hospitalized with anthrax, it was announced
this afternoon.
-=-=-=-=-=-=-=-

THE FINAL WORD
   "I liked it better when Mr. Obey was against the bill, because
he didn't talk so long."
   - House Defense Appropriations Subcommittee ranking member
John Murtha, D-Pa., commenting Wednesday on the unusual - and
lengthy - opening statement by Appropriations ranking member
David Obey, D-Wis., in support of the FY02 Defense spending bill.
Obey usually votes against the annual Defense spending measure.

-=-=-=-=-=-=-=-
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Senior Managing Editor/A.M. Edition--Robert Ourlian
Senior Editor--Charlie Mitchell
Associate Editor--Greta Wodele
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Special Correspondents--Jerry Hagstrom, Julie Rovner

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CDENDIT


The attached CPUC press release says that the Commission is delaying until
mid-August any action on the suspension of direct access.? This is
reportedly being done at the request of DWR,?the Department of Finance, and
the State Treasurer's Office.? The  extension will, "allow the agencies more
time to address any unresolved issues  and, ultimately, provide interested
parties ample opportunity for review and  comment."
?
We need to keep up the pressure.? This fight is not?over  yet.
?
Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.?  Suite 244
Woodland Hills, CA 91367
Tel:?? (818)  596-2201
Fax:? (818) 346-6502
douglass@energyattorney.com
 - 070301.doc


Folks -- Bracewell looked deeper and located the 1946 Neb. Case regarding
FERC jurisdiction over disposition of facilities.  Call if you have
questions.  Joe
----- Forwarded by Joe Hartsoe/Corp/Enron on 03/23/2001 01:31 PM -----

	"Karen Bishop" <kbishop@bracepatt.com>
	03/23/2001 01:25 PM

		 To: <jhartso@enron.com>
		 cc:
		 Subject: MEMO RE JURISDICTION OVER DISPOSITION OF FACILITIES.WPD

Joe:
Per Dan, please find attached the memo regarding Jurisdiction Over
Disposition of Facilities to a State.

 - MEMOREJU.WPD


Yeah, that's why it's taking me so long to think of something to write.

Becky Pitre
03/06/2001 01:26 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: Save me

Sure, now what is it you do?  Nothing!?

Robin Rodrigue
03/06/2001 01:30 PM
To: Becky Pitre/HOU/ECT@ECT
cc:
Subject: Re: Save me

I told Gabriel about your hairdryer story.  He was appropriately disgusted.
I'm writing procedures for what I do...ya wanna come help me?


Start Date: 4/24/01; HourAhead hour: 2;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042402.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 2 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2


JW,

Should I roll the flow to Southern Union at Lockhart at HSC GD + .02 for the days listed below?

D

 -----Original Message-----
From: 	Acton, Tom
Sent:	Monday, May 07, 2001 11:15 AM
To:	Farmer, Daren J.
Subject:	1601

Daren,   I need  deal ticket 745546 extended on both ends.   4/23 for flow of 35 and 5/1/ for flow of 132.  This will help clear up some allocation exceptions.  THANKS.


Tana,

Amidst the amendment confusion, we missed these counterparties in the
Legal/Contracts review process.

Thanks!!
Camille

---------------------- Forwarded by Camille Gerard/Corp/Enron on 03/20/2001
02:19 PM ---------------------------
From: Aparna Rajaram/ENRON@enronXgate on 03/14/2001 05:41 PM
To: Kelly Lombardi/NA/Enron@Enron, Samuel Schott/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Steve Venturatos/HOU/ECT@ECT,
Camille Gerard/Corp/Enron@ENRON, Samuel Schott/HOU/ECT@ECT, Tanya
Rohauer/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Ken Curry/ENRON@enronXgate, Nicole
Hunter/NA/Enron@Enron
cc:

Subject: Click Paper Approvals, 03-15-01

Please see attached.

Regards,

Aparna Rajaram
ext. 5-4563


OK, the powers that be have phoned.  I am to be there tomorrow and Wed.
Tomorrow I'm huddle at the Woodlands all day.  But Wednesday I'll be in the
office.  Perhaps coffee or lunch?  Could you forward to the lovely Ms Scott,
since every time I type her name in, I get someone from ECT.  Can't wait to
hear more about Herr Cherr-y.

Best,
Jeff


I was on mini-vacation Friday thru yesterday.  Went to Phoenix for some R&R and some hot weather.  Kathy and I took Susan to lunch today.  She is ex-Enron after tomorrow.  There's a guy in our group who posed for PG.  That's about it.  Later.

 -----Original Message-----
From: 	Parks, Joe
Sent:	Tuesday, May 21, 2002 1:52 PM
To:	Denetsosie, Troy
Subject:	RE: BNP Paribas Commodity Futures Commitment to Traders Reports

Hey, how are things? Going pretty well here, ready for a vacation. How do you get Pariba? Thanks for sending it, but i get something everyday.

 -----Original Message-----
From: 	Denetsosie, Troy
Sent:	Tuesday, May 21, 2002 1:45 PM
To:	Parks, Joe
Subject:	FW: BNP Paribas Commodity Futures Commitment to Traders Reports

 -----Original Message-----
From: 	anthony.carroll@americas.bnpparibas.com@ENRON
Sent:	Tuesday, May 21, 2002 1:31 PM
To:	anthony.carroll@americas.bnpparibas.com
Subject:	BNP Paribas Commodity Futures Commitment to Traders Reports

(See attached file: ngcot051402.pdf)(See attached file: clcot051402.pdf)

This message and any attachments (the "message") is
intended solely for the addressees and is confidential.
If you receive this message in error, please delete it and
immediately notify the sender. Any use not in accord with
its purpose, any dissemination or disclosure, either whole
or partial, is prohibited except formal approval. The internet
can not guarantee the integrity of this message.
BNP PARIBAS (and its subsidiaries) shall (will) not
therefore be liable for the message if modified.

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

Ce message et toutes les pieces jointes (ci-apres le
"message") sont etablis a l'intention exclusive de ses
destinataires et sont confidentiels. Si vous recevez ce
message par erreur, merci de le detruire et d'en avertir
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message, dans l'hypothese ou il aurait ete modifie.

 - ngcot051402.pdf << File: ngcot051402.pdf >>
 - clcot051402.pdf << File: clcot051402.pdf >>


Good Afternoon Liaison Representatives and Energy Committee Members,

The next meeting of the SVMG Energy Committee is scheduled for Wednesday,
August 22 at 3:00pm.  We will be hosted by Exodus, located at 2831 Mission
College Blvd. in Santa Clara, Training Room MC1.

We expect an informative and thought provoking presentation from Tal Finney,
Senior Policy Advisor to Governor Gray Davis.  We hope to gain a more
intimate understanding of energy policy activities in Sacramento as well to
influence future activity by relaying the needs and concerns of Bay Area
business.  This is a great opportunity.  We hope to see you there.

Please remember to confirm your attendance by replying to this e-mail or
calling 408-501-7870.  Thank you very much and have a pleasant week.

Regards,

Laura M. Goldseth
Associate, SVMG Energy Programs
Tel:  408-501-7870
Fax:  408-501-7861


Per Beatty:

1.  Morris is available immediately

2.  Phillips is unavailable until March 5 at the earliest.

3.  Ken Roberts has said to withdraw his name from the list (which saves us
the trouble of striking him).

4.  As previously noted, Webster has been withdrawn by Duke and Paul has
been withdrawn too (Beatty says it is because he has been picked by Duke as
their party arbitrator in another matter-- which shows how Renfrew was
trying to screw us).

Beatty suggests Jim Coleman of Carrington Coleman as a possibility.  I do
not know him.

He also suggests L. K. Smith of Oklahoma as a possibility.  I don't know him
either.

Renfrew pressed Beatty to agree to someone by this Monday (same speech Smith
had given me).  Beatty demurred.  Renfrew is still out of the country  and
will be until the 22nd of January.

For scheduling purposes, be advised I have just been re-set for trial in
another case on February 26, so we need to avoid that week for the hearing.

We still need to press forward on the witness interviews and witness
preparations.  Where do we stand on getting access to some or all of them?

Let's have a conference call when convenient for you, Richard.  Thanks.

Neal S. Manne
(713) 653-7827
nmanne@susmangodfrey.com


Just a reminder that the Enron team is planning to meet a half hour before
the call (330).

Kay

Heather Kroll@ECT
09/27/2000 11:13 AM
To: David W Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Ozzie
Pagan/HOU/ECT@ECT, smiller@bracepatt.com, cdade@bracepatt.com
cc:

Subject: FCEL Conference Call

The conference call with FuelCell Energy has been rescheduled for 4:00 today
in the conference room on 33 (outside Delainey's office).

See you there.

Heather


Beginning 2:00 pm on 4/5/00 nomination:

Deliveries:
0 MMBtu into Eastrans

Redeliveries:
0 MMBtu

For 4/6/00, the nomination is as follows:

Deliveries:
0 MMBtu into Eastrans

Redeliveries:
0 MMBtu


Do you have a problem if I call Duke tonight to initiate a 10 year discussion?

-----Original Message-----
From: 8772374503@pagenetmessage.net
[mailto:8772374503@pagenetmessage.net]
Sent: Tuesday, August 28, 2001 5:00 PM
To: Watson, Kimberly
Subject: Re: DCF

Reply: Reply from Steve

If they will do ten years then that would probably be ok. I am still concerned about James using December as a start date. We can hopefully discuss tomorrow.

Orig:
> Fr:Kimberly.Watson@enron.com
> Sub:DCF
> Steve,
>
> James ran numbers.  $.22 for 10 yr. for 43,300/d is a DCF of 16.57% with
> no resubscriptions.  This looks better than any of the 5 year cases on
> either a 120/d case or 150/d case.  Thoughts?  We have not approached
> Duke with a 10 yr term yet.  Thanks, Kim and Michelle
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
> **********************************************************************


I need to check more, but here's my take.  Politically---very popular with
legislators; very easy to pass, etc.  However, it would be so complicated to
implement and is very likely in conflict with so many federal laws, that I
think they'll have an extremely difficult time pulling it off.  In addition,
the utilities (whose retained generation collected a big portion of the
"windfall" selling through the PX) would be subject to a big tax hit.  Would
that push them into bankruptcy?  In short, easy to pass politically, pretty
difficult to make stick legally.  This help?

You still have your PCG position?

Best,
Jeff

	Michelle D Cisneros@ECT
	04/04/2001 03:24 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Windfall Profit Tax

How real is this and how much support is there behind this. Will it be
introduced today? When might it be voted on?

Thanks,
michelle


Rosemary:

Yes, I would be happy to.  I would like to get some time on the schedule to
review the plan for energy both in North America and Europe.  It seems to me
that we ought to have a meeting in Frankfurt in Sept and a seminar on energy
in Houston over the next six months.

Mark


Aimee,

The Global Octanes plant crashed last night.  The undertakes (volume below
the base load sale) will not go to the buyback.  This is considered a force
majeure.  Do not allow any volumes to be allocated to the buyback until
notified by either Lee Papyoti or myself.  Thanks.

D


---------------------- Forwarded by Chris Dorland/CAL/ECT on 08/03/2000 03:08
PM ---------------------------

Kathy Reeves
08/03/2000 01:21 PM
To: BinBin She/Corp/Enron@ENRON
cc: Chris Dorland/CAL/ECT@ECT
Subject: Re: IM Position reports

How is this coming along.  I really need to make progress of getting these
reports into production and I can't do that if I can't test it.
Kathy

BinBin She@ENRON
07/24/2000 01:46 PM
To: Kathy Reeves/CAL/ECT@ECT
cc:
Subject: Re: IM Position reports

Kathy,

I ran a postid(834931) here and also got blank reports. I am examing this
problem right now. I'll let you know as soon as what's causing this.

binbin

Kathy Reeves@ECT
07/19/2000 03:39 PM
To: BinBin She/Corp/Enron@ENRON
cc:

Subject: Re: IM Position reports

BinBin,
I am having trouble running new calc's in the test environment.  I want to
run the implicit position report for our entire book and see how it compares
to our excel models (post id 834931/836743/839620... anyone will to).  The
reports I print in Stage are always blank.  I can run calc's using the
implcit command but I can not print reports on the new postid.

The top page request in an old request but the expicit report request is a
new one.  I need to be able to look at the positions this way as well as the
implicit way.

Kathy

BinBin She@ENRON
07/17/2000 03:58 PM
To: Kathy Reeves/CAL/ECT@ECT
cc: Jeremy Wong/HOU/ECT@ECT
Subject: Re: IM Position reports

Kathy,

The port_calc  version you have now when run from the port_calc screen in the
egsstage environment doesn't include the changes for the "Implicit reports"
related functionalities. This is because the current setup is for a testing
version which is being used by the Houston currently.

To solve this problem, we have just put a run script :
/home/kreeve/port_calc/run_implcit in your directory: /home/kreeve/port_cal.

For the testing, cd to /home/kreeve/port_cal,  then run the script:
run_implcit  postid (you need to set up a postid for the test run).

To get the reports, you can still use the port_calc screen brought up in the
egsstage environment (you can bring it up by typing: runmt on the command
line)

postid 747584 is still available in the production environment, to run the
test version of port_calc in egsstage, you need to have a data set in the
egsstage database.

By the way, Are the issues you attatched in the reports(explici report and
top page report) new requests ?

binbin

Kathy Reeves@ECT
07/17/2000 03:04 PM
To: BinBin She/Corp/Enron@ENRON
cc:

Subject: IM Position reports

Please see the attached issues regarding the reports.

Also, under esggsate I can not seem to bring up only old calc's (including
747584), in order to copy/amend them.  I need to test other types of deals so
I need to be able to bring things up postid's in portcalc.  Any ideas what
might be wrong?  Note that I can print reports from the reportscreen.

Kathy

BinBin She@ENRON
07/17/2000 02:28 PM
To: Kathy Reeves/CAL/ECT@ECT
cc:
Subject: Status of egsstage database

Kathy,

I just checked with our DBA. The egsstage database has been refreshed and is
available now. Please let me know how your test run goes.

regards,

binbin


F.Y.I.

  Date      November 30, 2000
      Time      07:00 PM - 08:00 PM
      Station   PBS
      Location  Network
      Program   The Newshour With Jim Lehrer

              Ray Suarez, co-anchor:

              Finally, it's the latest hot idea for reducing energy
              costs.  Twenty-three states have enacted legislation to
              deregulate electricity rates and sixteen others are
              thinking about it, but California's pioneering efforts have
              already provoked an angry consumer backlash.  Spencer
              Michaels reports.

              Spencer Michaels reporting:

              In a San Diego strip mall, the owner of the tiny Youngling
              Oriental Vegetarian Market is having a hard time.  Yuman
              (?) Young owes two thousand dollars to San Diego Gas &
              Electric--SDG&E--an amount he can't come up with.  Like
              many San Diegans, his electricity bill has skyrocketed this
              year.

              So this is your bill in March, right?

              Yuman Young (Youngling Oriental Vegetarian Market):  Right.

              Michaels:  And the bill is--

              Young:  And see, in March, the bill comes to about four
              seventy-eight.

              Michaels:  Then we have May.

              Young:  In May, it...

              Michaels:  Then we're up--

              Young:  ...goes to six seventy something.

              Michaels:  Six seventy-four.

              Young:  Yeah.

              Michaels:  And then--

              Young:  And then...

              Michaels:  And then we skip...

              Young:  ...we skip a month.

              Michaels:  ...June, but in July--

              Young:  And the--then in July, it goes to about thirteen
              hundred dollars.

              Michaels:  Thirteen hundred dollars?

              Young:  Yeah.

              Michaels:  And the same in August?

              Young:  And the same in August.

              Michaels:  Over thirteen hundred dollars.

              Young:  Yeah, right.

              Michaels:  Young's main electricity expense is his frozen
              food freezer that he keeps at minus seventeen degrees.  But
              people without such appliances have seen residential and
              commercial bills double and triple as well.  San Diego is
              the first California city to suffer the effects of the
              deregulation of electricity, which was enacted by the state
              legislature in 1996.  The theory was that by taking away
              the monopolies enjoyed by state-regulated utility
              companies, like SDG&E, new competition among electricity
              producers would result in a drop in rates.  But since such
              simple market economics would take awhile, the legislature
              imposed a temporary rate freeze to protect most parts of
              the state from higher prices.  In San Diego, the freeze
              came off this year letting the market set the price, a
              very high price.  SDG&E is owned by Sempra Energy, where
              Stephen Baum is CEO.

              Stephen Baum (Chief Executive Officer, Sempra Energy):
              It's been a terrible shock to our customers, seeing
              real-time prices for the first time.  And those prices are
              way out of sight because the wholesale market is broken and
              needs to be fixed.

              Michaels:  The vast wholesale market is something new.
              California utilities used to own most of the power plants,
              the high-voltage transmission lines and the system to
              deliver power to homes and businesses.  Under deregulation
              the utilities still deliver the power, but had to turn
              operations of the transmission lines over to a state
              agency.  In addition, they had to sell their power plants.
              So now almost all power is sold to the utilities on a
              wholesale basis by producers or generators.  And according
              to Baum, they charge what they can get.

              Baum:  There's been a very large wealth transfer from the
              customers in the state of California to the generators.  We
              don't think the market's workably competitive.  There
              aren't enough players and there's not enough generation.
              Until that occurs, you're going to have dislocations at
              very high prices.

              Michaels:  The situation keeps getting worse as
              California's population keeps increasing, especially in the
              hot central valley.  Air conditioners and other appliances
              put a strain on a system already stressed by increased
              demand in other states where some of California's power
              comes from.  According to University of California
              economist Severin Borenstein, deregulation has aggravated
              the already tight situation.

              Severin Borenstein (University of California, Berkeley):
              Production in the state has really been stretched and that
              does two things:  One, is it naturally just creates a tight
              supply/demand situation that's going to drive prices up.
              The other thing it does, though, is it also puts the
              producers in a very strong position to push prices up even
              higher.  And, I think, there's no question the generators
              are trying to make as much money as they can.

              Michaels:  Duke Energy, headquartered in North Carolina, is
              one of the new generators in the California market.  Duke
              spokesman Tom Williams says much of its power was sold
              before prices rose and that profits are plowed back into
              new plants.

              The utilities and the consumer groups seem to think that
              the generators are making a lot of money on this crisis.
              Is that true?

              Tom Williams (Duke Energy Corporation):  Duke Energy sells
              the bulk of its power in the--in the forward market.  It
              was sold a year ago for the plants we have in the state
              now.  So the power's already been sold, and the price of
              natural gas has gone up two and a half times since last
              summer.  So there is a very tight supply situation, but
              we're reinvesting our profits back into the market to fix
              the problem.
              Michaels:  In fact, Duke is investing 1.1 billion dollars
              to modernize two inefficient power plants it bought from
              the utilities.  As part of the deal it also had to buy
              this old PG&E plant in Oakland, which has been running
              overtime because of the power shortage.  Over the last two
              decades only a few companies have actually begun
              construction of new power plants because of what they saw
              as the uncertainties of the regulatory climate.  This plant
              near San Francisco, being built by Calpine, will supply
              enough electricity for half a million homes.  It will be
              ready by next summer.  Calpine vice president, James
              Macias, says his company predicted the shortage of power
              and took a risk.

              James Macias (Vice President, Calpine):  You could see the
              fundamentals forming of the need for more--more power.
              There hasn't been a big power plant like this built in the
              state for--for decades.

              Michaels:  Macias says the utilities should have contracted
              for power at lower rates before it was actually needed.  He
              expects that the profits power companies are making now
              will decline as more power comes on line.

              Macias:  We're doing pretty good.  We're being rewarded for
              having the vision and the foresight to come in here and
              build this--this--this needed supply.  But they're not
              going to last.  As soon as this--more of the supply comes
              in, the prices will come down and they'll be--they'll be
              depressed again.  They have to come down.  This economy,
              again, can't support these high prices.

              Michaels:  Although twenty new plants are in the planning
              stages, it takes five years to design and build just one.
              With very little additional supply in the immediate
              pipeline, the director of San Diego's utility watchdog
              group, Utility Consumers Action Network, says regulators
              must get involved to return rates to reasonable levels.

              Michael Shames (Consumer Advocate):  They could have
              immediately put--reinstated a price cap.  They could have
              immediately said, hold on a second folks.  We're not going
              to tolerate this.  We're not going to see a region like San
              Diego thrust into a depression.

              Michaels:  But Michael Shames says some legislators and
              regulators were ruled by their uncompromising belief in a
              free-market ideology.

              Shames:  There were a number of people, well-placed people,
              who were so ideologically driven to force competition to
              work in a market such as energy that they didn't want to
              look at the signs when they saw that the experiment wasn't
              working.  They didn't want to acknowledge it wasn't
              working, and they were prepared to sacrifice a city, San
              Diego, a state, California, and possibly a country, in
              order to see their ideologically driven vision--vision
              work.  (Clip from a TV commercial)

              Michaels:  Shames' consumer group was so outraged at the
              price increases they bought TV ads and urged civil
              disobedience.

              Dianne Jacob (Chair, San Diego County Supervisor):  Join me
              and other San Diegans and let's send a message.  Pay only
              what is fair.  When your SDG&E bill comes, pay what you
              paid last summer.  That's fair.

              Michaels:  At the California Public Utilities Commission,
              President Loretta Lynch agrees that regulators could remedy
              the situation, but she says it's not up to the state.
              Only the Federal Energy Regulatory Commission has the power
              to cut back prices.

              Loretta Lynch (California Public Utilities Commission):  If
              the federal government allowed power plant owners to make a
              reasonable profit instead of an excessive profit, then that
              would drop the price of wholesale power.  And if that price
              dropped we would not be in the pickle we're in today.

              Michaels:  Federal Energy Regulatory Commission president,
              James Hoecker, replies that simply using price controls
              discourages investment in an industry that needs it.

              James Hoecker (Federal Energy Regulatory Commission):  What
              my friend, President Lynch, has said reflects a kind of
              thinking that markets can never be made to work and that
              ultimately we have to resort to cost-based, profit kinds of
              regulation of utilities.  And I think that this market has
              marched past that as an option.

              Michaels:  In November, the Federal Energy Regulatory
              Commission proposed a major change.  Utilities would not be
              required to buy power from the power exchange--a kind of
              stock market for electricity where prices have soared.
              Instead, the utilities will be able to buy directly from
              producers.  The federal agency has launched an
              investigation into California's troubles, hoping for a
              long-term solution.

              Unidentified Woman:  This legislation, today, has the
              ability to provide immediate and real relief to San
              Diegans.

              Michaels:  The California legislature struggled this year
              with what to do, short term, for the people of San Diego.
              The debate centered around a proposal to cap electricity
              bills at sixty-five dollars a month, retroactive to June 1.

              Charlene Zettel (Assembly Member, Republican, San Diego):
              What is San Diego's problem today will be California's
              problem tomorrow.

              Rico Oller (Assembly Member, Republican, San Diego):  You
              know who we can thank for this problem?  You want to get
              right down to brass tacks?  You can thank all of the
              knuckle-headed people in this legislature and in
              government, in general--in general, who have stood in the
              way of doing the smart and sensible thing that anyone would
              have the sense to do in the real world, and that is to
              provide for their future needs by increasing production.
              We need to build some facilities to produce power.

              Unidentified Man:  All debate having ceased, the clerk will
              open the roll.  All members vote who desire to vote.

              Michaels:  The San Diego rate cap passed, but the state is
              still far from a solution.  Higher electric rates are
              forecasted for the rest of the state as the caps come off
              in other cities.  And even more troubling is the fact that
              the price rollback is being bankrolled by the utilities,
              since they still have to pay the generators for the power
              but can't pass those prices on to their customers.

              Economist Borenstein says other states better examine
              California's experience before proceeding with
              deregulation.

              Borenstein:  I think most states that are deregulating
              right now, if they have a tight supply situation, are very
              likely to see spikes just like ours.  The best advice I
              think for most of these states is to take a break, not move
              forward on their deregulation, watch the experiments that
              are going on in California and New York and Pennsylvania
              and Texas and a number of other states and learn from them,
              because we're learning a lot from them as we do this.

              Michaels:  The success or failure of deregulation across
              the country will depend partly on easy access to power
              transmission lines so that electricity can be transferred
              more readily to where it's needed.  The federal government
              is working on that problem.

                        # # #


Alan,

Thanks.

Vince

Alan Aronowitz
01/12/2000 09:00 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Congratulations

Congratulations on your promotion to MD!

Alan


FYI - Attached is a quote from a recent TWC memo that should be of interest
given our recent conversations....

Charlie

"December's winter weather events, coupled with early wintry weather in
October and November, boosted the network to an all-time high 4th quarter
rating, despite comparatively lower averages early in the quarter due to
quieter than usual hurricane activity."

---------------------- Forwarded by V Charles Weldon/HOU/ECT on 01/08/2001
02:38 PM ---------------------------

	Enron North America Corp.

	From:  Stephen Bennett @ ENRON                           01/08/2001 11:18 AM

To: V Charles Weldon/HOU/ECT@ECT
cc:
Subject: TWC News

This is a section from an internal TWC memorandum - it looks like Q4 might
make up for the quiet tropical season as far as their profits are concerned...

WEATHER CHANNEL EARNS HIGHEST RATINGS FOR ANY DECEMBER IN ITS HISTORY
Coverage of last month's "Winter Blitz"  brought The Weather Channel the
highest ratings for any December in its 18-year history and shattered
weather.com's previous December page view records. December 2000 was the
third highest-rated month ever. The Blizzard of '96 gave TWC its highest
ratings, followed by Hurricane Floyd in September 1999.
 Among the many recording-breaking weather events reported by TWC last month
were the snowiest weather ever in at least 12 cities and the coldest weather
on record in many places, including Louisville, Ky.
December's winter weather events, coupled with early wintry weather in
October and November, boosted the network to an all-time high 4th quarter
rating, despite comparatively lower averages early in the quarter due to
quieter than usual hurricane activity.
TWC's coverage of the year-end Nor'easter that blanketed New York City with
over a foot of snow achieved a 0.870 rating, delivering 679,000 households
across the country on Saturday, December 30 (6 a.m.-6 a.m.).  The top
quarter hour occurred at 10 a.m. with a rating of 2.279 reaching 1.8 million
households.  The weekend rating for Dec. 30-31 was 0.753,  representing over
a half million households tuned in at any given time, according to Nielsen
data.  This was the second highest-rated weekend in 2000 and the sixth
highest-rated weekend in TWC's history.
Consumers also turned to weather.com in record numbers. By the close of
December, weather.com delivered more than 429 million total page views,
which is 67 percent higher than the previous monthly record, and 232 percent
higher than December 1999.  At its peak, weather.com delivered a record 27.8
million page views in a single day.  More than 1.3 million Unique Visitors
frequented weather.com  per day during the two weeks prior to Christmas,
according to Media Metrix.
The average TWC rating (6 a.m.-6 a.m.) from Dec.16-31 was 0.598, delivering
an average of 464,000 households, according to Nielsen. This was 85 percent
higher than the average rating for the same two-week period the year before.
The Weather Channel's coverage of sustained winter activity, which included
a Chicago blizzard on Dec. 10-11, brought the network its highest-rated
December ever.  TWC achieved a December rating of 0.462 (6 a.m.-6 a.m.),
delivering an average of 360,000 households.

Steve


Sara and Marie,
update....
Monument
I spoke with Monument last week.  They are e-mailing to me an electronic version of their Executing Broker Agreement.  They use Credit Lyonnais as their back office.  We will be clearing via GSI and Morgan Stanley for our London accounts.  The original agreement was in the name of Enron Europe Finance & Trading Limited (They took it off Michael Towarek's business card.  I have explained to them that the agreement should be in the name of ECT Investments, Inc.).  I called this morning to say it still has not been received.  They are still working on it.  I also need the agreed upon commission rate agreed between Mike and Monument.  This agreement will cover equities, futures and options.

Metler
I have spoken with Daniela Tresin at Metzler to see if any agreement is required with Metzler.  Metzler does not require anything but I called Pariba Milan and Phillip Bano is checking for me to see what is required by Paribas who clears for Metzler.  This relationship is for Italien equities and we will clear through GSI and Morgan.

Sheila
 -----Original Message-----
From: 	Glover, Sheila
Sent:	Wednesday, September 05, 2001 4:05 PM
To:	Lowry, Donna; Schultz, Cassandra; Shackleton, Sara; Bradford, William S.
Cc:	Heard, Marie; Hickerson, Gary; Towarek, Michael
Subject:	FW: Two New Executing Brokers

We are expanding our trading in the European Market.

We will be forwarding to legal the documentation related to these two new Executing Brokers which will be utilized for order flow and research.

I will send to legal the required documentation and legal contacts.

Sheila

 -----Original Message-----
From: 	Hopley, Kimberly
Sent:	Wednesday, September 05, 2001 7:27 AM
To:	Glover, Sheila
Cc:	Brogan, Theresa T.; Charania, Aneela
Subject:	Two New Executing Brokers

Sheila,

Mike would like the following two Institutions set up as executing brokers for our foreign business :

Monument Derivatives Ltd
11 Old Jewry
London
EC2R 8DU
Contacts : Andy Ash or Robert Green (0207 338 0825)

Metzler :
Grosse Gallustrasse 18
60311 Frankfurt/Main
Germany
Contacts : Daniela Tresin (0039 02 777 1552)

I have a copy of Monument's "Terms of Business Agreement" which asks for a signature, do you want me to forward this document to you?

Please let me know If you would like me to do anything from this side.

Many thanks
Kimberly Hopley
Financial Trading
Tel : +44(0)20 7783 2644
Fax : +44(0)20 7783 1913
Email : kimberly.hopley@enron.com


No intra-day changes today ... and no changes for tomorrow 9/22.

I've attached the file to reflect AGL changes over the last couple of days
while I was out of the office.

David


Take a look at the attached and let's talk tomorrow if at all possible.  I
want us to have a consensus among ourselves on this draft before I circulate
it more widely.


Vince/Stinson,

Please find below two attachemnts.  The Excell spreadsheet shows some
calculations on the savings from using Dabhol power as against a diesel
genset operating at a higher heat rate.  There is also a differential in
price of diesel, as against naphtha used by the plant.  I have taken data
from the Septemeber bill of DPC.  We do not want to give the actual numbers
to the press, since they ar likely to have a field day with the 6 cent/kWh
energy price of Dabhol that is reflected there.

The seond attachement (Word) has the wordings that I think we can send in to
the press.  Please review the calculations and the note, ad if you find this
satisfactory, please forward to Jeff/s.

I am availabel on mobile if you have questions o clarifications.  The number
(610 MW) for total captive generation in Maharashtra) is taken from Mohan
Gurunath's presentation on this.

Regards,
Sandeep.


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

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

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

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

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


Brent, can you bring me up to date, please?  Just stop by.  Thanks.

P.S.  Also, what's going on with Caroline Abramo and the hedge funds?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/14/2001 01:41 PM -----

	Melissa Ann Murphy
	05/14/2001 11:55 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Chris H Foster/Enron@EnronXGate
		 Subject: RE: Merchant Energy Deal

Hi Sara, see the message below about the Merchant Energy deal.  I believe
this deal has not been completed yet.

Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 05/14/2001
11:54 AM ---------------------------
From: Chris H Foster/ENRON@enronXgate on 05/08/2001 10:22 AM
To: Melissa Ann Murphy/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
cc: Susan Bailey/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ENRON
Subject: RE: Merchant Energy Deal

Mega just called and said they are going to hold off on this deal until later
in the week. I spoke to Brent Hendry who gave me some good information re:
the confirm and said we could just work directly with the Confirms Group to
get the Confirm out if and when the deal is done.   Sorry for the fire
drill.

Thanks

C

 -----Original Message-----
From:  Murphy, Melissa Ann
Sent: Tuesday, May 08, 2001 8:00 AM
To: St Clair, Carol
Cc: Bailey, Susan; Chris H Foster/HOU/ECT@ENRON
Subject: Merchant Energy Deal

Hello Carol, I know Sara is on vacation.  Below is a draft confirmation
letter that Sara and I prepared for a deal that Chris Foster in the Portland
office may do today.  If he does do this deal will you be the attorney to
look at the confirm?

Thanks,
Melissa
3-1886
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 05/08/2001
08:51 AM ---------------------------
From: Chris H Foster/ENRON@enronXgate on 05/08/2001 08:26 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Melissa Ann Murphy/HOU/ECT@ECT
Subject:

Sara:

I received a call from Mega today.  That financial gas/power deal could come
together today.  Attached is the draft confirm you prepared.  Let me know
ASAP if you have any "issues" with closing this deal pursuant to the language
you prepared.  I will contact you immediately if it closes.

Thanks!

Chris

 << File: swapcontract.doc >>


I've known her for some time, and interviewed her on the gas floor, and we
didn't really have a fit.  I'm not sure what I'd do with her

James A Hughes@ENRON_DEVELOPMENT
12/28/2000 01:44 PM
To: David W Delainey@ECT, John J Lavorato@ECT, Jeffrey A Shankman@ECT, Mike
McConnell/HOU/ECT@ECT
cc:
Subject: Fw: Resume - Pamela Anderson

Gentlemen:

Below is an email and resume from a person I met recently through mutual
friends.  I have not dealt with her in a business context and can't comment
positively or negatively on her capabilities.  She seems bright and
personable from my brief conversation with her.  Given the shortage of
traders we constantly seem to face, I thought it worthwhile forwarding her
resume.

If you have any interest, feel free to contact Pamela directly.  If you would
like me to call on your behalf, I would be happy to do so.

Jim Hughes
---------------------- Forwarded by James A Hughes/ENRON_DEVELOPMENT on
12/28/2000 01:48 PM ---------------------------

"Pamela Anderson" <pama9@flash.net> on 12/11/2000 08:52:08 AM
To: <jhughes@enron.com>
cc:

Subject: Fw: Resume - Pamela Anderson

Dear Jim,
?
I really enjoyed meeting you on Friday  night.
?
I am very interested in talking to you about a  career opportunity at Enron.?
I would appreciate any advice or assistance  you could provide.? I do know
Jeff Shankman.? However, he is very hard  to get in touch with.? You
mentioned on Friday that you would not mind  giving him a call for me.
?
I know that my knowledge and experience would be a  great asset to the team
at Enron.
?

I have attached my resume for your review.?  The resume?details my
accomplishments in the  Natural Gas?business.? However, my marketing, trading
and management  skills?are transferable to any commodity?in any industry.?
Some  of my past accomplishments include:? proven track record in marketing
of a commodity; established customer base  across a multi state region;
successful in?achieving regional goals and  exceeding profit targets; utilize
analytical skills in developing strategy for  meeting customer needs;
experience in educating and providing?internal and  external customers with
derivative and financial products to meet the customer  needs; customer base
includes brokers, marketers, producers, utilities and end  users.
?

I have?provided  some additional information about my background below:
?
I am a highly successful sales and marketing  professional.? I have over nine
years  experience and a proven track record in the Natural Gas Industry.? My
experience ranges from marketing, origination,?running a desk and profit
center in trading, market making, and management.? Most recently I ran a
regional trading desk and profit center?at TXU Energy Trading.? My
responsibilities included managing both a financial and physical trading
book.? I made nine million dollars in marked-to-market profits over the  last
three years.? My experience includes extensive customer contact, the
trading?of financial natural gas swaps, utilizing derivatives, and movement
of physical gas.? I have demonstrated performance as a competent trader and
desk head.? In addition, I have participated as part of the management team
at TXU Energy Trading for the last three years.?With? electricity
deregulation approaching, TXU made the decision to  redefine their business
plan which included shutting down the proprietary  trading side of the
business.? This meant the shutting down of the Houston  Office.??I?made the
decision not to move to Dallas.
?

This is a changing time for the Natural Gas  Industry and I believe that the
consolidation of companies or trading  organizations will continue to
consolidate.???My marketing and trading experience resides in Natural Gas?in
the  east/gulf but feel that I could apply my financial and physical
trading/marketing skills?to any region or  commodity.??I am  very good
at?developing strategy for trading or marketing utilizing  historical
analysis and current trends.? I?very interested in  a?career opportunity
utilizing my marketing, trading,?and  business-to-business expertise.? I
believe there is a need for marketers  and traders?that understand arbitrage
and asset optimization utilizing  financial products.?
?
Once again, I?would appreciate the opportunity to talk to you about  career
opportunities at Enron.?
?
Sincerely,
?
Pamela Anderson
?
713-662-3438
?
email: pama9@flash.net
?
?
 - pam-resume-6.doc