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--------------------T O P S T O R I E S--------------------

Top Stories (February 7)

DUKE ENERGY TO BUILD 6,000 MW OF NEW POWER CAPACITY
Duke Energy Corp.'s North American unit will build more than 6,000 megawatts
of new power generation capacity in time for summer 2002 demand.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/07/eng-djn/eng-djn_114110_174_474750047084

CALPINE CONFIRMS $4.6B, 10-YEAR CALIFORNIA POWER SALES PACT
Calpine Corp. confirmed that it has received a 10-year power sales agreement
valued at $4.6 billion from the state of California.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/07/eng-djn/eng-djn_124054_236_361002186313

US FERC UPHOLDS PROGRESS ENERGY MERGER IN RTO CHALLENGES
The U.S. Federal Energy Regulatory Commission Wednesday rejected challenges
to its approval of the Progress Energy (PGN) merger.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/07/eng-djn/eng-djn_152059_123_842589142732

BUSH FACES POWER STRUGGLE IN DEVISING NATIONAL ENERGY PLAN
Not even a week into office, President Bush was faced with a possible
domestic crisis: power outages, shortages and utility bankruptcies in the
nation's most populous, financially powerful state.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/07/krtbn/0000-0439-TB-ENERGY

TULSA, OKLAHOMA-BASED ENERGY COMPANY RAISES $86 MILLION IN IPO
Shares of Williams Energy Partners LP rose 12.5 percent during the stock's
first day of trading on the New York Stock Exchange.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/07/krtbn/0000-0460-TU-ENERGY

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

S&P, Moody's: High Financial Hurdles For Calif Util Plan

EU Ecology Head: Implementing Current Laws Takes Priority

EU Concessions On EdF, EnBW Deal Seen Limited -Analysts

US FERC Upholds Progress Energy Merger In RTO Challenges

Kelda Unit Sells Connecticut Land For Between $90M-$98M

EU/EdF/EnbW -5:EnBW Says Link To Boost Competitiveness

Exelon:950-MW Clinton Up To 72% Pwr;Seen At 100% Pwr Thu

Duke Energy/New Power Generation 2:To Meet '02 Demand>DUK

Calpine/Calif. Pact -2: Delivery Starts Oct. 1 >CPN

Calpine Confirms $4.6B, 10-Yr Calif. Power Sales Pact

Duke Energy To Deliver Added 6,000 MW By Summer 2002

Duke Energy To Build 6,000 MW Of New Power Capacity

EU/EdF/EnbW -4: Deal Favors French Competition - EdF

India Min: Govt Likely To Pay Enron's Nov Bill - Report

Spain's Cantabrico Exec Committee Meets Wed Or Thu >E.HIC

Spain's Cantabrico Exec Committee To Meet Wed Or Thu

EU/EdF/EnbW -3: Indep Trustee To Monitor Capacity Sale

Philippine CBK Power Closes $383M Financing Facility

EU/EdF/EnbW -2: Conditional On Commitments By Cos

EU OKs EdF Buy Of Stake In EnbW

Enron Official:Wants India To Settle Guarantee In 30 Days

RWE Outbids EDP For Spain's Cantabrico; Winner Unclear

Cantabrico/Trade -2: Stk Halted Tue; Rose 4.1% In Mo

EDP, Cajastur Commited To EUR24/Shr Bid For Cantabrico

Cantabrico Resumes Trading, Up 6.3% at EUR25.45 >E.HIC

Glencore/Ulan -3: To Cut Mgmt, Staff Numbers >Z.GNC

Glencore/Ulan Coal Mine - 2: Price Not Disclosed >Z.GNC

Exxon Mobile Sells Ulan Stake, Mitusbishi Keeps 10%

Glencore Buys 90% Of Ulan Australian Coal Mine

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Williams Forecasts Energy Financial Results to Grow 15-20 Percent Beyond 2001

Power Output in Utah May Need to Double

West Power Bills Squeeze Poor

Top Energy Summaries - Wednesday, February 07, 2001 - 5:05 PM

W-H Energy Edges Past Estimates

Piedmont Natural Gas Announces Payments by Phone

Energy Dept. Releases Coal Grants

Crisis Generates Move to Fire Up Power Plants Idle Electric Facilities in
Grand Terrace And San Bernardino May Be Restored

Louis Dreyfus Natural Gas Announces Record Financial Results for 2000

Power Crisis Energizes Fuel-Cell Industry

Ontario Power Generation Posts Strong Results for 2000

One Utility No Longer Fits All

Gelcore Becomes First U.S. EPA Energy Star Partner for Energy-Efficient Led
Traffic Signal Products

Caem's Red Index Shows Significant Progress on Electric Competition;
Pennsylvania Leads Nation

CMS Energy's Marketing Unit Is First in Customer Satisfaction

Duke Energy Corp - Field Services Affiliate to Market Propane in Northeast

Demarco Energy Systems of America Inc - Amended OEM Agreement with Fhp, Now
Controls Own Destiny

Pennsylvania Again Ranked No. 1 in Nation for Electric DeregulationPa
Receives The Center for Advancement of Energy Markets'
`Red Carpet Award' for Leading Nation in Electric Competition

Northwest Energy Demand to Mean Less Water for Fish

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
for Wednesday, Feb. 7, 2001

Canada Not Key in Power Crisis

Gaz Metropolitain & Company LP - Exceptional Measure to Offset Impact of
Increase in Price of - Natural Gas: Gaz Metropolitain to Refund $67 Million
to Its - Customers

Duke Energy Corp - Addresses Demand for Electricity - 6,000 Megawatts to Be
Delivered by Summer 2002

Top Energy Summaries - Wednesday, February 07, 2001 - 2:31 PM

Repeats: Energy Volume And Open Interest Totals-Feb 7

Cibc Initiates E&P Firms Brigham, Chesapeake Energy (Bexp)

Letters on Power Price Reflect Split in Opinions

Dan Walters: Secrecy Marks Power Buying

New Scramble for Power Starts: Suppliers May Bail Out as Mandate Ends

State Energy Accords Reached: Long-term Pacts May Drive Costs Down

Next: Utility Solvency -- a Settlement Wiser Than the Roulette of Courts and
Initiatives

Demarco Energy Signs Amended OEM Agreement with Fhp, Now Controls Own Destiny

Wisconsin Energy Declares Quarterly Dividend

Playa Minerals And Energy, Inc. Becomes Vulcan Minerals & Energy, Inc.

Empiric Energy Inc - Reports Significant Production from Recent Well
Completion!

Green Mountain Energy Company And Scholastic Inc. 'Power Up!' Local Schools

Biorelease Corp. And Electric Energy Storage Corp. Sign Letter of Intent

Rusty Braziel Steps Down As Chairman of AltraLeading Independent Energy
Market Continues Growth As Online Marketplace Pioneer Pursues New Venture

Peoples Energy Raises Quarterly Dividend

World Bank: New Global Environment Facility Report Highlights Renewable
Energy Markets in Developing Countries

Rti International Metals Announces New Orders for Energy Subsidiary

The Narragansett Electric Company Adds New Website Capabilities

Newfoundland Power Inc: Fortis Inc - Strong Results for 2000: to Apply to Pub
to Rebate Customers

DTE Energy to Issue Securitization Bonds, Implement Rate Cut for Business
Customers

Duke Energy Field Services Affiliate to Market Propane in Northeast

Triumph Energy Corp - Significant Increase in Net Asset Value Per Share - at
December 31, 2000

Bruce Baldwin Named Vice President of CT Operations Department for Florida
Power Corp. And CP&L

Survey Finds Area Businesses Concerned About Rising Energy Prices; Almost
Half of Connecticut And Rhode Island Energy Managers Say Higher Prices Could
Lead to Layoffs

Ubs Warburg Hosts Energy Conference

Report Calls for Construction of More Natural Gas Pipelines John McELHENNY,
The Associated Press

Tired of High Electric And Natural Gas Bills? the New Power Company Offers
Savings to Ohio Residents

Calpine Signs Long-Term Power Sales Agreement with State of California
Department of Water ResourcesIndependent Power Producer Is One of Industry's
First to Contract with Dwr

Kennecott Energy And Kfx Announce Improvements to K-Fuel Technology And
Proceed with Commercialization Plans

State Power Program Brings Millions to Texas Public Schools As Seen in Energy
Houston, Vol. 3 No. 2

The Energy Crunch / Calpine Profit Triples

California Gets One-Day Reprieve to Buy Power

State to Buy Power for Utilities at Below Market Rates

Energy Plan Would Reduce Building Hours / 4-Day Week for County Center

Some Worry About New Power Plants' Environmental Effects

Reid Bill Would Give Permanent Tax Credit for Renewable Energy

Pyr Energy Announces Commencement of Production at Deep California Natural
Gas DiscoverySales of Natural Gas And Liquid Hydrocarbons Underway at East
Lost Hills Field in San Joaquin Basin

Valley Utilities Cutting Back on Own Power Uses

Program Offers Utility Bill Help

County Eyes Own Source of Power

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Electric Woes Turn Area Into Third-World Power

Mirant Agrees to Buy 80% of Jamaica Utility - Jamaica

Finland Could Achieve Kyoto Goals without Nuclear Power - Report

Top Energy Summaries - Wednesday, February 07, 2001 - 12:23 PM

Japan: Mazda Executives Take Pay Cut; Company to Market Fuel-Cell Cars

Trade: India to Pay Power Bills in Controversial Power Deal

Future of Philippine economy hangs on stalled power reform bill

South Korean team in North Korea for talks on possible power aid

Europe clears Franco-German energy tie-up

'Instant Power Plant' Could Avert Rate Hike

Singapore Power, Pertamina to sign gas supply deal in Jakarta Feb 12

Indian Electrical Industry Shows No Signs of Recovery

PNOC-Energy Development Corp to seek 60 mln usd loan from JBIC: source

Russia, Belarus, Baltic States to CO-Ordinate Power Supply.

Power Consumption Hits New Highs in Sweden And Norway

General Electric in 10.5 bln baht Thai silicones jv with Shin-Etsu Chemical

Lee seeks fourth-generation Singapore leaders

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

The Columbian, Vancouver, Wash., Mike Rogoway Column

Tulsa, Okla.-Based Energy Company Raises $86 Million in IPO

Energy Utilities Ask Florida to Allow Rate Hike

Economy of Washington's Puget Sound Hurt Deeply by Energy Crisis

Bush Faces Power Struggle in Devising National Energy Plan

San Jose, Calif.-Based Power Company's Profit Up 240 Percent Over Last Year

California Legislature Urges Governor to License Power Plant

Texas Energy Company Thrives in California's Deregulated Atmosphere

Seattle-Area Utility Sues Largest Customers, Citing Power-Rate Woes

How Dry We Are: Power to Stay Tight in Washington State

President Bush Opposes Capping Power Rates in West

Environmentalists Expect to Win Fight Against Oregon Power Deregulation Plan

Dallas-Based Energy Company's Quarterly Earnings Rise 22.8 Percent

California Senate Leader Pursues Utility Assets

California May Seal Long-Term Power Purchase Deals Soon

Some New Jersey Residents Are Shocked by Commercial Account Gas Bills

Cold Weather Boosts Wisconsin Energy Company's Bottom Line

Wisconsin's Commitment to Electricity Conservation Still Declining

Kansas City, Mo., Power Company Drops Plans Merge Into Unregulated Unit

Houston-Based El Paso Energy Shortens Name, Changes Logo

Western Governors Agree to Short-Term Actions on Energy Crisis

Texas Legislators, Regulators Cautiously Endorse Electric Deregulation

Court Forces Power Company to Sell Electricity to California

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

UPDATE 1-Bidding on Spanish power firms may not be over

Atlanta's Mirant to buy Jamaican electricity supplier

UPDATE 1-Calpine to sell power to Calif for $4.6 bln over 10 yrs

Euro confusion shortchanges French power utility

Fitch cuts Edelnor ratings

UPDATE 1-Russia's UES, Baltics to synchronise power grids

Northeast Utilities files $600 mln shelf offering

Cinergy names Duncan to CFO post

Calif. battles to keep lights on without federal order

FEATURE-Examples aplenty for corporate restructuring

UPDATE 2-GE , Shin-Etsu to build Thai silicones plant

MCN shares tumble on concerns about DTE deal

UPDATE 1-DTE to issue bonds of $1.7 bln to recover costs

UPDATE 2-Brazil Furnas sees record 2000 profit

UPDATE 2-Kaiser Aluminum Q4 loss widens

Duke to add 6,000 MW of power generation by summer 2002

India to ask Enron to meet state govt over dues

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Hello everyone,

My husband Ryan is going to be participating in the American Heart Walk on November 3.  He is walking on behalf of our daughter, Sydney, who was born in May of this year with Congenital Heart Disease.  If anyone would like to sponsor us with a cash donation, we would be very appreciative.  I will be accepting donations today and tomorrow.  This is a wonderful organization whose research saves lives like Sydney's every day.  All donations are matched by Enron and are 100% tax deductible.

Please help this worthwhile cause if you can.

Thanks,

Vicki Versen
x30903


this represent a big shake up?

-----Original Message-----
From: Cherry, Brian [mailto:BKC7@pge.com]
Sent: Thursday, December 13, 2001 4:13 PM
To: Dasovich Jeff (E-mail)
Subject: FW:

FYI.  Sempra may have some opportunities.....here's their new org chart....

>
>
>  <<120701_utliityorgchart.doc>>


We are going to open San Diego Gas & Electric to transact the following
financial products, but are going to limit the length of the trades to 3
months or less.  The approved products per the Master Agreement are any
"swap, cap, floor, collar or option...based on the prices of crude oil,
petroleum products, natural gas, or electric power...".

I have previously not distributed the executed Master Agreement because of
unresolved issues with the counterparty, but will send copies today to the
usual distribution.  We have an executed Master Energy Price Swap Agreement
in place between ECT and the counterparty dated as of February 25, 1997.  All
financial trades for this counterparty should go under the master.


need to be 12:30

	Lysa Akin@ECT
	12/18/2000 12:56 PM

		 To: Alan Comnes/PDX/ECT, Jeff Dasovich/NA/Enron, Paul Kaufman/PDX/ECT
		 cc:
		 Subject: Re: AVAILABILITY for call today

Can you do it prior to 1:30pm??

---------------------- Forwarded by Lysa Akin/PDX/ECT on 12/18/2000 11:02 AM
---------------------------

Susan J Mara@ENRON
12/18/2000 10:57 AM
To: Lysa Akin/PDX/ECT@ECT
cc:
Subject: Re: AVAILABILITY for call today

I have ab appointment at 4:00, so I would have to do it from the car and I
would not have nmuch time -- any time until 1:30 pm is better.

	Lysa Akin@ECT
	12/18/2000 10:46 AM

		 To: Susan J Mara/NA/Enron, Jeff Dasovich/NA/Enron
		 cc: Mary Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT, Alan Comnes/PDX/ECT, Joseph
Alamo/NA/Enron@Enron
		 Subject: AVAILABILITY for call today

Please advise if you would be available for a call at 3:30pm Pacific time
today.
---------------------- Forwarded by Lysa Akin/PDX/ECT on 12/18/2000 10:51 AM
---------------------------

Mary Hain
12/18/2000 10:43 AM
To: Lysa Akin/PDX/ECT@ECT
cc:
Subject: call today

Please get times when people are available.  Thanks.
---------------------- Forwarded by Mary Hain/HOU/ECT on 12/18/2000 10:52 AM
---------------------------

Mary Hain
12/18/2000 10:42 AM
To: Susan J Mara/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT
cc:
Subject: call today

I'd like to set up a call for this afternoon to discuss the FERC's order, in
general.  Also, in an hour or so I'll also be forwarding a proposed issue
list on rehearing so we can talk about it.

Lysa Akin
12/18/2000 09:53 AM
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Re: call today

I got your message after I sent you this update.  I sent a note to everyone I
contacted, advising the call would not take place.

Mary Hain
12/18/2000 09:52 AM
To: Lysa Akin/PDX/ECT@ECT
cc:
Subject: Re: call today

Jim says he doesn't want to have a conference call yet.

Lysa Akin
12/18/2000 09:26 AM
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: call today

regarding the call you asked me to set up:

Jim is is DC with Rick and Steve.  Marcia is paging him to see if he is
available at 2:30pm Central/3:30pm Eastern
I left a message wither Bernadette to call me back regarding Joe and Sarah's
availability at 3:30pm Eastern
Jeff indicated is he available at 12:30 Pacific.
I left a message w/Sue asking if she can make it at 12:30pm.

Maureen advised that Steve might be able to make it at 3:30pm Eastern, so I
will make sure she has all the info so that she can page him.

I left a message for Richard to call me back


<<NDA - Aspen Technologies>> Your message

  To:      Wayne C. Bartel
  Cc:      Bob.Shults@enron.com; Mark.Greenberg@enron.com
  Subject: NDA - Aspen Technologies
  Sent:    Wed, 18 Apr 2001 12:28:19 -0400

was delivered to the following recipient(s):

Wayne C. Bartel on Wed, 18 Apr 2001 12:28:31 -0400
    MSEXCH:MSExchangeMTA:NORTH AMERICA:CADBURY

Message-ID: <OFCC9CCBE2.975AFF60-ON86256A32.0059E45D@enron.com>
From: Tana.Jones@enron.com
To: "Wayne C. Bartel" <Wayne.Bartel@PetroVantage.com>
Cc: Bob.Shults@enron.com, Mark.Greenberg@enron.com
Subject: NDA - Aspen Technologies
Date: Wed, 18 Apr 2001 12:28:19 -0400
Return-Receipt-To: Tana.Jones@enron.com
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
X-MS-Embedded-Report:
Content-Type: text/plain; charset="ISO-8859-1"


?

'Hi, My Name Isn't Justice, Honey,' and Shame on  Lockyer

By TOM G. PALMER

?????Here's what California  Atty. Gen. Bill Lockyer said at a press
conference about Enron Corp. Chairman  Kenneth Lay: "I would love to
personally escort Lay to an 8-by-10 cell that he  could share with a tattooed
dude who says, 'Hi, my name is Spike, honey."'
?????Here's why Lockyer should be removed from his  office of public trust:
First, because as the chief law enforcement officer of  the largest state in
the nation, he not only has admitted that rape is a regular  feature of the
state's prison system, but also that he considers rape a part of  the
punishment he can inflict on others.
?????Second, because he has publicly stated that he  would like to personally
arrange the rape of a Texas businessman who has not  even been charged with
any illegal behavior.
?????Lockyer's remarks reveal him to be an  authoritarian thug, someone
wholly unsuited to holding an office of public  trust.
?????But his remarks do have one positive  merit: They tell us what criminal
penalties really entail.
?????Contrary to some depictions of prisons as  country clubs, they are
violent and terrible places. More and more politicians  propose criminal
sanctions for more and more alleged misdeeds, and as a result  ever more
kinds of behavior are sanctioned by criminal penalties, perhaps now  even
selling electricity. Those found guilty of such crimes are put into cages,
where they are deprived of their liberty and dignity and, as Lockyer so
clearly  acknowledged, raped and brutalized. What's worse, Lockyer has
indicated that he  believes that rape is an appropriate part of the system of
punishments he  administers.
?????Should it matter that Lay is a  businessman? Imagine the outcry if the
head of Enron were female. What would  Lockyer's fellow Democrats have said
to that?
?????Should it matter that Lay is chairman of an  electricity generator? Does
the nature of his business justify threats to escort  him to his own rape?
Lockyer told the Los Angeles Times that he had singled out  Enron's chairman
because the Houston-based company is the world's largest energy  trader.
?????So apparently singling out a man for a  heinous threat is OK because
he's the chairman of the world's largest energy  trading company. That's
according to the man who, as a state senator, sponsored  California's 1984
hate-crimes law. Evidently the crusader against intimidation  on the basis of
race, religion and sexual orientation feels no hesitation at all  about
intimidating someone and threatening him with the brutal use of physical
force simply because he heads the world's largest energy trading company.
?????Lockyer and Gov. Gray Davis seem to think that  the best way to keep the
lights on is to threaten electricity producers with  brute force, rather than
to offer to pay competitive rates in competitive  markets. Are energy
producers to blame for California's energy problems? No. Bad  policies,
including rigid controls on retail prices of electricity, are the  cause of
the problem, not the people who generate energy. Scapegoating producers  and
threatening them with violence is an old ploy of authoritarians.
Californians should not stand for it.
?????An Enron  spokesman said that Lockyer's chilling stated desire to
arrange the rape of Lay  does not merit a response. The spokesman is wrong.
Lockyer's remarks merit  public disgrace and removal from office. After all,
rape is not a form of legal  justice in America--is it?
- - -

Tom G. Palmer Is a Senior Fellow at the Cato Institute  in Washington.
E-mail: Palmert@cato.org
How was that for a well-written editorial?
?
Dan Douglass
5959 Topanga Canyon Blvd.? Suite 244
Woodland  Hills, CA 91367
(818) 596-2201
douglass@energyattorney.com

?

 - Blank Bkgrd.gif


Please see attached.

 - ER011490.1
 - ER01-318.1
 - OA97-163.1
 - RT01-74.1
 - RT01-98.1


Joe, Christi, & Mary --

Do you think that it makes sense for the four of us to sit down with this
report the day after it comes out and discuss (1) Enron's perspective, (2)
should/are we participating, and (3) key commercial / regulatory that need
the information?

I am trying to make sure that everything is covered appropriately and maybe
this is the right format - unless you guys can think of something else?

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/15/2001 07:09 AM -----

	Janet Butler/ENRON@enronXgate
	03/14/2001 05:02 PM

		 To: Daniel Allegretti/NA/Enron@Enron, Eric Benson/NA/Enron@ENRON, James
Brown/ENRON@enronxgate, Alan Comnes/PDX/ECT@ECT, Shelley
Corman/ENRON@enronXgate, Tom Delaney/Corp/Enron@ENRON, John
Dushinske/ENRON@enronXgate, Robert Frank/NA/Enron@Enron, Howard
Fromer/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT,
Joe Hartsoe/Corp/Enron@ENRON, Rod Hayslett/ENRON@enronXgate, Tom
Hoatson/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Paul
Kaufman/PDX/ECT@ECT, Steven J Kean/NA/Enron@Enron, Kerry Stroup
<Kerry.Stroup@enron.com>@SMTP@enronXgate, Robin Kittel/NA/Enron@Enron,
Elizabeth Linnell/NA/Enron@Enron, Kathleen E Magruder/HOU/EES@EES, Susan J
Mara/NA/Enron@ENRON, Posey Martinez/HOU/ECT@ECT, Ron McNamara/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Marcie Milner/Corp/Enron@ENRON, Steve
Montovano/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Dan
Staines/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Kerry
Stroup/NA/Enron@Enron, Edith Terry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Denis
Tu/FGT/Enron@ENRON, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Weekly Electric FERC Report

Attached is the Weekly Electric FERC Report for week ending March 9, 2001.

Please advise if you have trouble receiving this.


Finding out cause of blast
The Northern Echo, 08/24/01
UK: Electric work behind lethal Teesside blast-Enron.
Reuters English News Service, 08/24/01
"We Built a Heck of a Business"; Enron's former CEO Jeffrey Skilling is vague about the "balanced life" he wants but adamant that the company is in great shape
BusinessWeek Online, 08/24/01
Enron's Ken Lay: "There's No Other Shoe to Fall"; As the energy giant's stock tumbles after Jeffrey Skilling's sudden resignation, the interim CEO tries to reassure investors
BusinessWeek Online, 08/24/01
POWER POINTS: Skilling Moves On To Charities, Family
Dow Jones Energy Service, 08/24/01
New Ontario Power Market Date Not Firm Enough - Industry
Dow Jones Energy Service, 08/24/01
Jeffrey Skilling's Surprising Split from Enron; The CEO's abrupt resignation has some investors wondering what's behind the trickle of execs leaving the company
BusinessWeek Online, 08/15/01

Finding out cause of blast

08/24/2001
The Northern Echo
03
Copyright (C) 2001 The Northern Echo; Source: World Reporter (TM)

DETAILS have been officially released on the cause of the fatal electrical explosion at the Enron power station which killed three workers.
Health and Safety Inspectors have completed the first stage of their investigation into the explosion on August 8 at the Teesside site.
The investigation has revealed that during a planned maintenance programme, part of the power station was shut down and the electrical power was redistributed to support the rest of the station.
The voltages in one of the electrical systems was adjusted so a circuit breaker could be closed.
At the time of the shutdown, employees were working to alter the voltage across a large transformer and the two operations at the same time resulted in an explosion and fire. The plant was shut down and did not resume producing electricity until Sunday, August 19.
The next stage of the investigation will consider whether any lessons can be learnt from the accident to prevent it happening again.
One man is still in hospital with serious burns following the explosion.

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

UK: Electric work behind lethal Teesside blast-Enron.

08/24/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Aug 24 (Reuters) - An explosion that killed three men earlier this month at one of Britain's largest gas-fired power stations occurred during electrical switching, the plant's operators Enron said on Friday.
"The explosion and fire at Teesside Power Station on 8 August occurred during a process to close a circuit breaker on an electricial transformer", the U.S. energy group said in a statement citing initial findings by the country's Health and Safety Executive (HSE).
A fourth Enron employee at the 1,875 megawatt power station remains seriously ill in hospital being treated for burns.
"We are compiling a report for the Coroner", a spokesman for the HSE, the country's safety watchdog, told Reuters on Friday. He added that no report would be published ahead of inquests into the three deaths.
"A decision on whether there might be a prosecution will also be made after the inquests", he added.
The inquests were opened and adjourned last week.
The HSE also said it was making assessments on whether there were any lessons the electricity industry should learn from the accident.
HSE inspectors concluded their on-site investigation last week and the plant restarted operations at the weekend. On Friday Enron said the power station, commissioned in 1992, was currently operating at "planned generation levels."

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

Investing
"We Built a Heck of a Business"; Enron's former CEO Jeffrey Skilling is vague about the "balanced life" he wants but adamant that the company is in great shape

08/24/2001
BusinessWeek Online
(Copyright 2001 McGraw-Hill, Inc.)

More than a week after announcing his startling resignation from energy giant Enron Corp. for undisclosed personal reasons, former CEO Jeffrey K. Skilling, 47, says he has no regrets about leaving after only six months at the helm. Replacing him in the interim is Enron Chairman Kenneth Lay, who previously served as CEO for 15 years before Skilling stepped in. (See BW Online, 8/24/01, "Enron's Ken Lay: "There's No Other Shoe to Fall")
So why did he quit? Skilling still isn't saying. A divorced father of three who's now engaged to be married anew, Skilling, like Lay, insists Enron is in great shape, with a deep bench of talent, despite a 50% drop in the company's stock this year. Indeed, Skilling is brimming with plans for his future. Before leaving for a whitewater rafting trip in Idaho with his 11-year-old son, he chatted on Aug. 23 with Dallas Bureau Chief Wendy Zellner. Here are edited excerpts from their conversation:
Q: I have to start with the obvious question: Why are you leaving so abruptly?
A. The answer we gave is exactly right. I left for personal reasons. Yeah, of course lots of things go on when you're making that decision. Sure, you watch the stock price and all the rest of that. But that wasn't the reason. The reason was, it was time.... I've worked very, very hard for a very long time. When you do that, something has to give. You kind of lead an unbalanced life and, at some point, you just decide, "Hey, there's a lot more to life than just working."
Q: Why didn't you decide that before you became CEO [in February of this year]?
A: That's another thing that bugs me a little bit. I came to Enron from McKinsey & Co. in 1990. I came over as chairman and chief executive officer of Enron Finance Corp. and went on to build our nonregulated merchant business. For most of my career at Enron, I was chairman and CEO of Enron Capital & Trade, and today it's 80% to 90% of net income of the company.... When people say this is surprising when you just became CEO, I've been CEO of businesses within Enron for a long, long time. I'm not sure I ever aspired to being CEO. I aspired to building a business. We built a heck of a business, and I'm very proud of that. Some people would even argue that it changed an industry.
Q: You were quoted as saying that if the stock had been going in the other direction, you might not have felt the pressure to leave. Is that right?
A: There are some things I need to do in my personal life, and I need to do them now. I don't think that [the stock going up] would have made a difference.
Q: Is it some kind of family crisis? Is it about you personally or about other members of your family?
A: I can't deal with that. I really can't explain it.... I'm looking forward now. I'm looking for things that I want to do, and there are a lot of things I'm very interested in right now.
Q: What do you do next?
A: I'll give you just a list of things. First, there are a number of personal and family things that are very important to me, and that's going to take a big chunk of my time.
Another one that I think is important is the whole city of Houston and what has happened. The last couple of years, everyone has been blinded by Silicon Valley. I don't think they've realized...there are some very fundamental powerful things happening here.... We have fundamentally adopted and taken advantage of the power of the Internet, the power of computers in ways I don' t think any other industry and any other part of the country has really figured out. There are things I think I can do to be of assistance there.... There are some models there that other people ought to be looking at.
I firmly believe that the model that Enron has created, this model where, over time, you use markets rather than vertical integration to tie together organizations and build services and products for customers, that's the future of business. It's happening more and more, but it has been masked by all this noise that has surrounded the dot-coms.
Q: Are you talking about consulting? Or would you invest in some kind of technology-related business?
A: I'm not sure yet. A number of people have sought me out for points of view, and I will continue to do that. I've even, believe it or not, been contacted about potentially being dean of a business school.
Q: Which one?
A: I can't say. I'm not leaving Houston, Texas. This is the place to be right now. The other thing I want to do is...spend some time on what I call hands-on charity.... There's a certain therapeutic value in going out and building a house for someone or cleaning up a park.... The other thing I'm hoping I have an opportunity to do is to help articulate the value of markets. When you look at something like the whole California thing, the problems in California were not a failure of the market -- they were a failure of political leadership.
Q: You've said that you took the falling stock price personally. In hindsight, what do you think you did wrong or could have done differently?
A: Anybody that had a high [price-to-earnings] multiple has been hammered. I think part of that was legitimate because...people had probably an unrealistic expectation of the effect technology would have on economic growth and productivity.... I put Enron in the same class as a lot of companies that are excellent companies that had very high p-e's, and that was adjusted by the market.
Q: What will it take for Enron's stock to bounce back?
A: You've got to get the stock price back the old-fashioned way. You've got to earn more money. If, quarter-in, quarter-out, the company continues to perform as it has, at some point, unless p-e multiples go negative, the stock goes up a lot.
Q: Why didn't you wait a few more months to meet the timetable for having a $2 million company loan forgiven, at least?
A: I'm lucky. I've done very well.... It has given me a luxury that 99.9% of the population doesn't have. I can do what I need to on the personal side. Two million in the grand scheme of things compared to living your life...I'm almost 48 years old. I started working full time when I was 14.... Now it's time to focus on things that put a little more balance in my life.
Q: You've said Enron is in great shape and has surmounted most of its issues. Do you really believe that?
A: I absolutely believe that.... The whole California thing [where Enron and others have been investigated amid allegations of manipulating markets after power prices soared last year] is pretty much done. In India [where Enron is in a payment dispute with the government over its $3 billion power plant there], I think we're making good progress.... I will say that broadband [Enron's new business for trading high-speed communications capacity] did surprise me.... It turned from a glut [in the industry] to a meltdown.
As late as four or five months ago, it seemed that everything was on plan. It was evolving the way we expected it to evolve. And then the bottom just fell out. Suddenly, it was pretty hard to do business because anyone you did business with you didn't know if they could perform on their contracts. Huge credit problems. That was a frustrating experience to have called it right and still not have been able to create the kind of business that I know we will ultimately create there.... I think it set us back at least a couple of years.
Q: What about reports that there was some unhappiness on your part about Chairman Ken Lay being too involved in the business again?
A: I can absolutely, unequivocally say that is not the case. Ken Lay is a good friend. We've worked together closely for 16 years. Ken and I have always gotten along great.
Q: When we talked as you were becoming CEO, I asked you what setbacks or failures you'd ever had in your life. You said none. Do you consider this to be your first failure?
A: Maybe this will sound awful, but I don't. I remember when there were three of us on the 39th floor at Enron, when we got this whole nonregulated side of the business going. Like I said, I am very proud of what I and others accomplished at Enron. We built a company that, 10 years from now, 20 years from now, is going to be a factor to be reckoned with. I can probably say I have no regrets.
Q: Were you surprised that your leaving drove the stock price down some more?
A: Yes, because I firmly believed that everything was in good shape. I said to Ken, this is the time to do it if I'm going to do it because everything is in good shape.... Probably people are afraid there's another shoe to drop, but it's just not the case.
Q: Do you ever want to be CEO of a company again some day?
A: I won't say never. There are a couple of things I have got to get done over the next year or two. At the end of a year or two, I don't know. I'll kind of take it as it comes. I tend to be a very enthusiastic, optimistic kind of person. I've almost never gone more than 30 days without having some sort of earth-shattering idea, most of them probably pretty crazy. But over the next couple of years, while I'm doing what I need to do, I'll probably come up with some new ideas.... You probably haven't seen the last of me.

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

Investing
Enron's Ken Lay: "There's No Other Shoe to Fall"; As the energy giant's stock tumbles after Jeffrey Skilling's sudden resignation, the interim CEO tries to reassure investors

08/24/2001
BusinessWeek Online
(Copyright 2001 McGraw-Hill, Inc.)

Enron Corp.'s Jeffrey K. Skilling dropped a bombshell on Aug. 14, when he abruptly resigned as the company's president and CEO, citing "entirely personal reasons (see BW Online, 8/15/01, "Jeffrey Skilling's Surprising Split from Enron"). Skilling has since allowed that the precipitous 50% drop in the Houston-based energy giant's stock this year had something to do with his decision. Meanwhile, Enron's stock has fallen an additional 14%, to around $36, following Skilling's resignation (for a Q&A with the former CEO, see "We Built a Heck of a Business").
Enron immediately named its chairman, Kenneth L. Lay, as Skilling's interim replacement. Lay is no stranger to the job, having served as CEO from 1985 until Skilling became CEO in January. During Lay's 15 years at the helm, he transformed Enron from a regional natural-gas pipeline company into the world's largest energy-trading company -- guided in part by Skilling, who he was grooming as a successor.
Enron's market capitalization under Lay increased from $2 billion to $70 billion, and Enron's shareholders received a total return three times that of the S&P 500. The company, which had revenues of $101 billion in 2000, markets electricity and natural gas, delivers physical commodities, and provides financial and risk-management services to customers around the world. It has also developed an intelligent network platform to facilitate online business.
In an exclusive interview on Aug. 20 with BusinessWeek Dallas Correspondent Stephanie Anderson Forest, Lay discussed Skilling's resignation, the search for a permanent successor, and the future of Enron. Here are edited excerpts from their conversation:
Q: Since his official resignation announcement Aug. 14, Mr. Skilling has since added that one of those personal reasons included Enron's falling stock price on his watch. A declining stock price doesn't seem like a very personal reason.
A: I believe the stock price played a role in his decision. He was probably feeling quite a bit of pressure from the stock price decline, from California [where state regulators are asking Enron and other power companies to refund billions in alleged energy overcharges], from India [Enron is involved in a high-profile, costly fight with the Indian government over its $3 billion Dabhol power plant], and other issues. I think all of those kinds of things impacted his decision.
Q: There has been some concern among investors that perhaps there is more to his resignation than meets the eye, perhaps accounting or other issues that have yet to come to light. Is there anything more?
A: There are absolutely no problems that had anything to do with Jeff's departure. There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues. The company is probably in the strongest and best shape that it has ever been in.
There are no surprises. We did file our 10-Q [with the Securities & Exchange Commission] a few days ago [Aug. 14]. And, if there were any serious problems, they would be in there. If there's anything material and we're not reporting it, we'd be breaking the law. We don't break the law.
Q: Did he disclose these personal reasons to you?
A: Yes...and they are very legitimate, personal reasons that Jeff will have to disclose when and if he sees fit. He says he wants to keep those reasons private and I respect that. I can say, these are situations that needed to be addressed now. These are things that he can't put off dealing with for two to three years.
Q: Are these personal issues related to his health?
A: No.
Q: When did he tell you he wanted to resign and what was your reaction?
A: I don't recall the exact date. It was a few days before the board meeting. I called several of the board members before the meeting to let them know what was going on. I do remember I was in my office when he told me. I had been out of town on a business trip and had just gotten back the night before. The next morning he came over to my office and said he had a few things on his mind. We went over several business items for about 20 to 30 minutes. Then he said, "I've decided I need to step down as president and CEO and leave the company."
I said, "You're going to do what?" I was very surprised. I asked him if there was anything I or the board had or had not done that led him to this decision. He said no. I then asked him if there was anything I or the board could do to persuade him to stay. He said his mind was made up. That was on a Friday.
The following Monday, we talked again. I asked him if he had changed his mind. He said no. Over the next few days, I tried three or four times to talk him out of it, but he had his mind made up. He needed to deal with these [personal] issues right away, not two or three years from now.
Q: These issues couldn't have waited a few months? I ask because according to the [2000] proxy, had Mr. Skilling stayed on through the end of the year, his $2 million debt to the company would have been forgiven. [According to the proxy, in 1997 Enron loaned $4 million to Skilling, who repaid $2 million of that in 1999. His employment contract, which ran through the end of 2003, called for the balance of the loan to be forgiven if he stayed on until December 31, 2001.]
A: Jeff knew full well what he was walking away from. Again, he needed to deal with this right away. [Note: Skilling also relinquished severance pay by walking away voluntarily. Had he been forced out, Skilling would have been eligible to receive a single severance payment of at least $19.9 million, not including the value of the options received in 2000, according to Enron's 2000 proxy statement. Also, the nonvested portion of the 2.4 million stock options he owns immediately would have become vested, the proxy statement says.]
Q: Judging by the stock's performance since the announcement, investors appear to still be skeptical.
A: Yes, and I understand that. Investors don't like uncertainty. When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.
Q: Is the door open for Mr. Skilling to return to the CEO post after he has resolved these personal issues?
A: It's always a possibility. But he understands that we've got to move ahead, and I assume for now we will be moving on without him. He will be dealing with these other issues for at least a year or two.
Q: What will the new management team look like?
A: Clearly, there will be changes in the office of the chairman. Jeff and I had shared responsibility in that office since 1997 and, from time to time, we have had one other person in that office. I'll be looking for some help now. We will appoint one or two people to that office within the next few days.
Q: Who are the likely candidates?
A: Any slots at the senior level, including CEO or other slots, will be filled internally. That tells you how confident we are in the talent we have. We have a a number of senior executives qualified to serve in this capacity. We have many large businesses in Enron, any one of which would be ranked rather high as a standalone. Anyone of the top two people in any of these businesses or our CFO, chief accounting officer or chief of staff would be qualified. [That pool of executives include: CFO Andrew S. Fastow, Chief Accounting Officer Richard A. Causey, Chief of Staff Steven J. Kean, Chairman and CEO of Enron Energy Services Dave Delainey, Chairman and CEO of Enron Wholesale Services Mark A. Frevert, CEO Enron Global Assets & Services Kevin P. Hannon, and Chairman and CEO Stanley C. Horton of Enron Transportation Services Co.].
Q: Despite having a deep bench of talented executives, some analysts say few Enron executives are as seasoned as Skilling was. Is that a concern?
A: No, because the ones I'm looking at are very seasoned, though some are more seasoned than others. They are all very strong candidates who understand our business and our culture. In every case, [the candidates] have been here several years, and, in some cases, 11 or 12 years. These are not unseasoned people.
Q: So, whoever makes it to the office of the chairman has a shot at being Enron's next CEO?
A: Yes, but I have made it very clear that although they certainly will be on the list of people to be the CEO, they're not guaranteed to be the CEO.
Q: What qualities will you and the board be looking for in Enron's next CEO?
A: We'll be looking for a good, strong leader, a very effective leader [who] really knows our business -- all our businesses, not just what they're running today. We're also looking for a good people person who is able to motivate others and get strong performances out of people. We need someone who is a strong representative of our value system.
That someone would also be very intelligent, very creative, and able to develop successful strategies. Being a good communicator is also very important. Clearly, to be a good leader you need to be a good communicator.
Q: How involved will you be with the company until a new CEO is found?
A: I've extended my contract with the company through 2005 and have reassumed the CEO and president positions [both previously held by Skilling]. I have told the board I will stay as long as necessary to get our next level of succession ready and to get the board and investors comfortable with that person. I didn't expect to be CEO again, but I'm happy to be doing it.
Q: Will Mr. Skilling's departure bring a new shift or focus in Enron's business strategy?
A: There won't be any refocus. [Since turning over the CEO reins in January], I have stayed actively involved and working full-time as Jeff asked me to. More importantly, the current direction of the company was jointly decided by both of us in the last several years.
Q: And, the fundamentals of the business strategy remain solid?
A: Yes. We think the company is on solid footing, and we're looking forward to continued strong growth. We had a very, very strong first half, including second-quarter net income up 40%, earnings per share up 32%, and operational physical volume delivery up 60%. In the last five years, we have had 25% per year compounded annual growth in earnings per share.
I think you'll continue to see strong growth in all of our business areas. Our revenues and income quarter-to-quarter continues to be strong and we have strong momentum. We think that will be sustained, and eventually, if we continue to do that, investors will recognize and reward us for that.

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

POWER POINTS: Skilling Moves On To Charities, Family
By Mark Golden
Of DOW JONES NEWSWIRES

08/24/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Jeff Skilling will be spending the next few years working with charities in Houston and spending time with family, the former chief executive of Enron Corp. (ENE) said in an interview.
The 47-year-old Skilling, who resigned abruptly from Enron after the company's board meeting Aug. 14, repeatedly said he had left - as stated - for personal reasons. Wall Street has been skeptical of the explanation, and several analysts have said they're waiting for "the other shoe to drop." The company's stock price fell 14% in response to the announcement last week - a loss of about $4.5 billion in shareholder value - and hasn't recovered this week.
But the former chief executive said the stock price will recover once investors see that his departure isn't a precursor to more bad news for the company.
"I've spent the last 34 years working really hard," said Skilling, who requested the interview with Dow Jones Newswires. "There are a lot of things that I haven't been doing - personal interests, spending time with family. There are a number of charitable things that I haven't spent the time on that I believe I should. I don't mean fundraising, but hands on, getting out and doing things, building houses, helping individuals."
Skilling, who has been involved with a multiple sclerosis charity for years, said he plans to get involved in promoting the City of Houston.
"It's massively underrated as a place to work and live," he said. "It's a great city, and I think I can do a lot to get that across."
Though insistent that there is nothing more to his departure than personal reasons, Skilling said little to reveal why a talented executive would surrender the top spot of the country's largest energy trading company just six months after taking the job. Skilling had been Enron's No. 2 executive from 1997 until this year, and he's generally credited with the success of Enron's wholesale trading operations, which comprise about 80% of the parent's earnings.
He confirmed there's no crisis in his family, and his health is fine. Skilling, who assumed the chief executive title on Feb. 12, also denied that he was suffering under the strain of the job.
Late last week, Chairman Kenneth Lay and other Enron executives in New York told Wall Street analysts that Skilling had been going "kind of nuts" under the pressure of being chief executive, one analyst said.
"It's not true that I was cracking up," he said. "Do I sound like someone who is cracking up? The representation of me as thick-skinned is a reasonable representation."
When asked if his departure could have been handled more smoothly so as not to alarm investors, Skilling said that perhaps the mechanics could have been better, but said that is hindsight.
"We thought it through and thought we were going about it in the right way," he said. "I don't know what we could have done differently. It will turn out, in retrospect, fine, as soon as people see that there's nothing else."
About One Week's Notice

The former chief executive totally disagreed with speculation in this column last week that Enron Chairman Kenneth Lay, who immediately resumed the role of chief executive, may have wanted to regain day-to-day control of the company and pushed Skilling out.
"I think the world of Ken. You can't find a bigger fan of his than me," he said. "I was not forced out. Personal and family reasons are 100% of the story. I guess it's kind of mundane, and I'm sorry it doesn't have as much drama and suspense as a lot of people would like it to have, but that's what the deal is."
Skilling said he spoke with Lay about wanting to do other things many times over the years. The first serious discussion of his imminent departure came about a week before the announcement, said Skilling, whose recollection of his giving notice to Lay was somewhat cloudy.
"The board knew what was going on, and that was the point (the Aug. 14 board meeting) where the decisions were going to be made," he said.
The decisions?
"I guess to accept my resignation," Skilling said.
Enron refused to release a copy of the minutes of the Aug. 14 board meeting, which was regularly scheduled. The company doesn't generally release board-meeting minutes, spokeswoman Karen Denne said.
The former chief executive continues to work as a paid adviser to Enron. A clause in his contract prevents him from competing with the company through the end of 2003, and he has no plans to work outside the energy industry.
That might sound like a big comedown from running the country's most aggressive energy company, but Skilling said the move fits.
"Some people say 'Well, you were working and aspiring so long to become CEO of Enron.' That's not true. I was working to build a business, and we did," said Skilling, who is credited with transforming the company into a trading powerhouse.
"The company I built is doing great. My life is moving on."
He also said the company will do fine without him. Some analysts have expressed concern about Enron's ability to retain its top talent. Skilling's predecessor as Enron's No. 2 executive, Richard Kinder, for example, left the company in 1996 after Lay announced that he would be retaining the chief executive spot for another five years. Kinder went on to buy Enron's small liquids pipeline business and turned that company into Kinder-Morgan Inc. (KMI).
Enron's current management, Skilling said, has a "very deep bench." For example, he described Enron Energy Services Chief Executive Dave Delaney as "awesome."
"Dave created the Canadian business in Enron," Skilling said.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com

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

New Ontario Power Market Date Not Firm Enough - Industry

08/24/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

CALGARY -(Dow Jones)- Power brokers called on Ontario to set a firm date for its electricity market opening - and stick to it, after provincial agencies pointed to a March 1, 2002, deadline this week.
The new timetable - the fourth adjusting of dates since 1999 - will increase costs for established firms and could further erode interest of potential investors, energy representatives said Friday.
"Our major concern is the historical pattern of delays that we've had with Ontario market opening," Ron Milnthorp, president of Enron Canada said.
"We can't invest capital on a conditional basis, and, therefore, we need an unconditional market opening."
Earlier this year, Enron Canada put a C$200-million power plant project for southwestern Ontario on hold after Premier Mike Harris set back an expected May market opening indefinitely.
The revamped market readiness testing schedule released by the Independent Electricity Market Operator and the Ontario Energy Board Tuesday extends retail and wholesale testing to December and February, and includes fines of up to C$10,000 a day for late completion.
"We are doing out best to meet what we think is a realistic deadline," IMO spokesman Kevin Dove said.
Milnthorp said Enron Canada now is more optimistic the government will stick to a spring 2002 date.
Technical difficulties were blamed in setting back deregulation from May to this November, and from fall of 2000.
Critics also say the California crisis, which saw electricity prices skyrocket in that state, caused the Ontario government to delay deregulation to placate nervous consumers. The uncertainty has cost an estimated C$3 billion from proposed power plants being put on hold,
"Any further delay will have severe implications on investor confidence in the market," TransAlta (T.TA) spokesman Adam White warned from Toronto.
This summer TransAlta (T.TA), Canada's largest investor-owned power generator, said it would defer any new investment in Ontario because of market uncertainty.
Work on the corporation's C$400-million Sarnia cogeneration plant continued, however, and it will start producing power in spring of 2002. The latest market delay just means TransAlta won't have the benefit of watching the market and trading in it before commissioning the plant, White said.
Smaller retail distributors are being blamed in part for the delay because of difficulties setting up new billing and accounting systems.
Toronto Hydro has offered to help other retailers set up their systems to get deregulation up and running.
"Every day we don't have market-opening date, we have money going out," spokesman Stephen Andrews said. "It is a significant cost in terms of opportunity."
Final approval for market opening will have to be given by the provincial government, which so far has refused to set a firm date.
-By Dina O'Meara, Dow Jones Newswires; 403-531-2912; dina.omeara@dowjones.com

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

Technology
Jeffrey Skilling's Surprising Split from Enron; The CEO's abrupt resignation has some investors wondering what's behind the trickle of execs leaving the company
By Stephanie Anderson Forest in Dallas

08/15/2001
BusinessWeek Online
(Copyright 2001 McGraw-Hill, Inc.)

The steady drip of executive departures continues at Houston energy giant Enron (ENE). After the close of markets on Aug. 14, Jeffrey K. Skilling, the company's hard-charging president and CEO, shocked the investment community by unexpectedly resigning. In a conference call with investors, Skilling, said he was leaving for personal reasons, which would remain private. Prior to taking over the CEO post in February, Skilling had been chief operating officer. While it looks for a successor, Enron says Skilling's duties will be assumed by longtime Chairman Kenneth Lay. "I want to thank Ken Lay for his understanding of this purely personal decision," Skilling said in a statement.
The 47-year-old Skilling joined Enron in 1990 after leading McKinsey's energy and chemical consulting practices. Under his leadership, Enron pioneered the use of risk-management products and new contracting structures in the natural-gas industry. He has since applied similar concepts in electricity, bandwidth, metals, and a range of other commodity products. Along with Lay, Skilling helped transform Enron from a natural-gas pipeline company into an energy-trading powerhouse.
Skilling has predicted that Enron will surpass $200 billion in revenue this year, making it the second-largest U.S. energy company behind ExxonMobil. Last year, Enron earned $979 million on revenue of $101 billion. While the company has 25,000 miles of gas pipeline and merchant power plants in the U.S. and abroad producing 9,000 megawatts of electricity, Enron recently has been shedding many energy assets, including its natural-gas and crude-oil drilling unit, to pursue its goal of becoming the industry's leading middleman, bringing together buyers and sellers of energy products.
BLOCKBUSTER BUST. Skilling's tenure in the No. 2 position has been tumultuous -- marred by a huge and costly fight with the Indian government over payment for construction of Enron's $3 billion Dabhol power-plant project and the nasty breakup of a video-on-demand broadband Internet deal with Blockbuster. Skilling's push into broadband has produced lackluster results. The upshot: Enron's stock has fallen from a 52-week high of $90.56 on August 23, 2000, to $42.93 on Aug. 14, ahead of the announcement.
The company didn't immediately comment on what led Skilling to quit, but a spokesman insists it has nothing to do with Enron's stock performance. "We regret Jeff's decision to resign, as he has been a big part of our success for over 11 years," Lay said in a statement. "But we have the strongest and deepest talent we have ever had in the organization, our business is extremely strong, and our growth prospects have never been better."
Indeed, the company says it plans to look for Skilling's successor within the ranks, though it declined to name possible candidates. But some analysts and investors say Enron may have trouble landing a replacement. "Rarely do you find those kinds of organizational and management capabilities embodied in one individual," says analyst Robert L. Christensen Jr. of First Albany in New York. "There's no clear second in command. It's purely a guessing game at the moment."
MURKY DEPTH CHART. Skilling's departure likely won't sit well with investors, who are concerned about Enron's losing a number of key executives recently, including Vice-Chairman J. Clifford Baxter and Kenneth D. Rice, chairman and CEO of Enron Broadband Services. "Three years ago, the [management] depth chart was very apparent. The company had started to look like the General Electric of the energy logistics business," says one investor. "Now, I'm not too sure."
Skilling, who wasn't immediately available for comment following the conference call, will remain as a consultant. Lay, who was also unavailable, served as Enron's CEO from 1985 until Skilling's election earlier this year. He has agreed to extend his employment agreement through 2005. Said Lay during the call: "I'm prepared to stay here as long as it takes to get to our next level of succession." If the skeptics are right, that could turn out to be longer than Lay expects.

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


To the great and powerful Research Group:

As you may know, Moody's has recently upgraded Enron from Baa2 to Baa1.
We had been on watch for an upgrade for a while and after their intitial
credit meeting, they still had questions primarily related to our control of
market and credit risk.  To that end, Jeff McMahon and Tim Despain had Rick
Buy, Bill Bradford and I meet with eight members of the Moody's team.  The
questions centered around policy and procedure in the Wholesale businesses.
We discussed VAR, stress testing and potential credit exposure.  To make a
long story short, subsequent to that meeting, they reconvened their committee
and announced the upgrade.

I want you to know how critical your contribution was to the discussion and
will continue to be as the bar gets raised.  I am sure that next year they
will continue to be concerned with our risk management capabilities as well
as extensions of our current platform - tail risk, intra day risk,
operational risk, and enterprise wide risk.

Thank you for your efforts in supporting RAC - it has tangible benefits.

Ted

p.s. - there is still lots of interesting opportunities to extend the
paradigm


Mary downloaded the purchases and the sales to excel.  I spot checked some of
the deals and they look good to me.  There are 2 small deals that are
missing, deals 480324 and 480325.  These deals are related to the CGLF NYMX
purchase.  I had the buy/sale on CGLF.  I didn't enter the buy/sale on CGAS
until this afternoon.  Alvin should have these tracked and balance early next
week.  The dollar impact should be very small.

Remember, I'm out next week.

---------------------- Forwarded by Chris Germany/HOU/ECT on 11/10/2000 03:29
PM ---------------------------

Mary Ellenberger@ENRON
11/10/2000 03:08 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: The New Power -Purchase/Sales October Production


?
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																																Looking  for a past article or issue. Click here to use Sagewave's  Search.

																															Enerfax  Daily? -? Page  ? -? November 27,  2000

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																																						Enerfax  Daily? -?  Page 4? -?  November 27, 2000 -? ?  Past  Issues
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																																	Consultant Says Mexico to Pay Billions for Natural Gas

																																	? ?  Mexico, over the next decade, will likely need to spend $40.6  Billion
to import natural gas, given Pemex's failure to conduct  adequate capital
investment, consultants Consultores Internacionales  have said in a report.
The estimate assumes an average price for  natural gas of $4.50 per MMBtu
over the period. In a more  conservative scenario, with the average price of
natural gas at  $3.50 per MMBtu, the country over the next 10 years would
need to  spend $31.6 billion dollars on natural gas imports, according to
the  report. Under both scenarios, estimates expect that Mexico will need  to
import 24.7 Bcf of natural gas during the coming decade.

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																									Natural? Gas? Storage?  Report

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																												? ? ? ? ? ? Week?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ?  Prev?
																												? ? ? ? ?  ?Ending? ? Prev? ? ? ?  ? ? ? ? ? ?Prev? ?  Year? ?
																												| Region | 11/17/00| Week | Diff | % Full | Year |  % Full
																												|  Prod? ?|? ?664? ?|? 688 |  -24? |? 70%? ?|? 843 |?  89%? ?
																												| East? ?|? 1643?  ?| 1682 | -39? |? 90%? ?| 1711  |? 94%? ?
																												| West? ?|? ?341?  ?|? 372 | -31? |? 67%? ?|?  442 |? 87%? ?
																												|? ? ? ?  |? ? ? ? ?|? ? ?  |? ? ? |? ? ? ? |?  ? ? |? ? ? ?
																												| Total? |? 2648?  ?| 2742 | -94? |? 80%? ?| 2996  |? 91%? ?

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																																				September Canadian Natural Gas Sales

																																				Natural gas sales totaled 4.22 billion cubic meters in  September, up 10.2%
over September 1999. The increase was the result  of increased demand by the
industrial and residential sectors. Use  by the industrial sector rose 11.7%,
amid higher use of natural gas  for electricity generation and stronger
demand by the chemical  industry. Year-to-date sales were up 7.1% over the
same period in  1999. Industrial sector sales continued to grow strongly,
posting an  11.1% increase. Consumption by the residential sector increased
1%,  while the commercial sector decreased 1.1%.

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Thanks. See you then.  Hope it turns out that your guts are in good order.
I'm feeling like I could use a transplant myself.

Best,
Jeff


-----Original Appointment-----
From: 	McMichael Jr., Ed
Sent:	Tuesday, January 29, 2002 08:00
To:	McMichael Jr., Ed; Shackleton, Sara; Tweed, Sheila; Aronowitz, Alan; Moran, Tom; Hagelmann, Bjorn
Subject:	FInancial Book Status
When:	Tuesday, January 29, 2002 14:00-15:00 (GMT-06:00) Central Time (US & Canada).
Where:	ECS 5th floor - Room TBA


Mike

Good to hear. I have also added more on the summary, so if you want you can
read the first part of this

Thor

	From:  Mike McConnell                           10/10/2000 01:11

To: Thor Lien/OSL/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT@ECT

Subject:

Thor,

A quick note.  I don't believe I ever followed up with you on your weather
business plan.  I looked at it several times primarily in pieces while
traveling overseas.  I read it again today and wanted to give you some
feedback.  I thought it was excellent work and very well presented.  Thank
you for all your effort.

 I am in town this week, I canceled being out of the office an additional 3
days, and I will be spending time thinking about weather as well as some of
our other businesses.  I'll give you a call toward the end of the week to
discuss some of the ideas you presented.

Mike


Mutation, where are you???

how are you and every body??
say hi to little Ryne and Angie.

Talk to you soon

-----Original Message-----
From: John.Griffith@enron.com [mailto:John.Griffith@enron.com]
Sent: Thursday, March 01, 2001 10:04 AM
To: Antonio Paez
Subject: RE: Hi!!!!!

Sorry boy, the US won.  I guess the Mexicans couldn't handle the cold of
Ohio.  Maybe they need to get toughened up a little.  Talk to you soon.

John


I totally agree 100%......I like this guy....


Hi Vince,
?
As always, it was good to see you again in Houston  - we all enjoyed the meal
very much, the restaurant was a good  choice.
?
It's that time again I'm afraid. Can you pls cast  your eye over the
attached?and, if at all possible, get back to me in the  next few days - I
have to deliver something to London by Friday.
?
How's the course going at Rice? Not too much work I  hope.
?
Best regards.
?
Chris.
?
 - EPRM_09_fwd_vol_estimation.doc


----- Forwarded by Jeff Dasovich/NA/Enron on 09/28/2000 07:42 PM -----

	Joseph Alamo
	09/28/2000 07:24 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: News Articles


Vasant,

What do you think?  He may be expensive.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/30/2001
05:31 PM ---------------------------

Marshall Brown <Marshall.Brown@robertwalters.com> on 04/25/2001 01:13:44 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: RE: Resume

Vince,
     I apologize, I sent you the wrong resume!  Here is the correct one.
 <<LITT_THO.DOC>>

Marshall Brown
Vice President
Robert Walters Associates
Phone #: 212-704-0596
Fax #:212-704-4312
marshall.brown@robertwalters.com
www.robertwalters.com

> -----Original Message-----
> From: Vince.J.Kaminski@enron.com [SMTP:Vince.J.Kaminski@enron.com]
> Sent: Wednesday, April 25, 2001 1:08 PM
> To: Marshall.Brown@robertwalters.com
> Subject: Re: Resume
>
>
> Marshall,
>
> He looks OK but below the level of quant skills I typically look for
>
> Vince
>
>
>
>
>
> Marshall Brown <Marshall.Brown@robertwalters.com> on 04/23/2001 09:33:00
> AM
>
> To:   Vince Kaminski <vkamins@ect.enron.com>
> cc:
> Subject:  Resume
>
>
> Vince,
>      I know this candidate is actively interviewing at El Paso and I think
> Reliant.  He has excellent quantitative background, but no real energy
> experience.  If you are interested in speaking with him let me know.
> Regards,
> Marshall Brown
> Vice President
> Robert Walters Associates
> Phone #: 212-704-0596
> Fax #:212-704-4312
> marshall.brown@robertwalters.com
> www.robertwalters.com
>
>
>  <<LITT_HAR.DOC>>
>
>
> **********************************************************************
> CAUTION: Electronic mail sent through the Internet is not secure and could
> be intercepted by a third party.
>
> This email and any files transmitted with it are confidential and
> intended solely for the use of the individual or entity to whom they
> are addressed. If you have received this email in error please notify
> the system manager.
>
> This footnote also confirms that this email message has been swept by
> MIMEsweeper for the presence of computer viruses.
>
> **********************************************************************
>
> (See attached file: LITT_HAR.DOC)
>
>  << File: LITT_HAR.DOC >>

 - LITT_THO.DOC


I will be on the first panel of the FERC California conference on Thursday.
The format allows a 5 min presentation and then 60 min of Q&A.  I need your
help to make sure I have "Gore-like" command of the details.  Please help
with the following information:
Enron project information (Parquet/McCubbin) -- please give me any
presentations or summaries you have on the generation, or firm purchases, we
have under way (or planned).  I'll talk with you to find out what we are
comfortable disclosing but please err on the side of giving whatever
information you have.
Updated Belden presentation (Hain/Belden) -- I believe the latest information
was as of August; I think some of the information on the cost of peaking
facilities is particularly eye-opening on the price cap issue.
Comparison to PJM (Hartsoe/Novosel) -- Is the information we are seeking from
the ISO and PX similar to information PJM already provides?  If so, it would
be nice to tie our requests back to something the Commission has already
approved.
Cancelled DSM projects (Mahoney) -- Again, I'll only use what we feel
comfortable with, but it would help make our point if we can give examples of
how price caps backfire when it comes to encouraging conservation.
ISO/PX reports (Dasovich).  I have the ISO market surveillance report.  Is
there another ISO report?  If so, please get me a copy and provide a copy of
the PX report too.
CEC/Proposed generation update (Mara/Parquet) -- Need the basic information:
proposed, waiting for permitting; how much/little the legislation did to
expedite siting (ie are we still comfortable saying that it applies to less
than 10%)?
Soft cap(Belden/Hain) -- need a crisp explanation of why the "soft" nature of
the cap is not sufficient.  Also, would we be OK if the Commission revised it
to say that bids can be taken above 150 without special filing or reporting
requirements, but those bids will be accepted at the price bid rather than
applying to all lower bids as well (ie the highest bid at or below 150 clears
the market, bids above 150 accepted at price bid as needed)?
Offers we have made/deals done (Parquet/Dasovich/ Mccubbin) -- Roseville plus
any others, offer made to SDG&E -- I want to make the point that the market
will provide solutions (below the retail price cap) if we get the utility
(and the regulators) out of the merchant function.
Herding the cats(Hartsoe/mccubbin/mara/dasovich):  We are asking FERC to be
courageous, do the right thing and ignore the politics.  To be even halfway
credible, we can't have IEP, EPSA, Dynegy or anyone else "squishing" on the
price cap issue..  We have never been closer to reform in California, we need
these guys on board.
Thanks.


Drow
Too bad Bill Murray already got the part in "Caddy Shack".  You would have
been perfect, a Cinderella story if I ever saw one.  -kai- Coburn
----- Original Message -----
From: "woody berry" <boethia@hotmail.com>
To: <smu-betas@yahoogroups.com>
Sent: Sunday, July 08, 2001 9:31 PM
Subject: Re: [smu-betas] Try this one first

> Harry Jim,
>    I'll be there on 8/24 come hell or highwater.  Keep  me posted.
>
>
> Yours in -kai-,
> Drow
>
> PS. You won't believe this and neither will Grumbles or Coburn, but I,
Drow
> Berry, have now played golf twice in a week's time, for the first time in
my
> life.  My game sucked as much as always but God did I have fun playing
with
> my sons.  Adam even gave me a new set of woods for Father's Day.  I said,
> "What the hell are these for?"
> _________________________________________________________________
> Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>
> To unsubscribe from this group, send an email to:
> smu-betas-unsubscribe@egroups.com
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>

To unsubscribe from this group, send an email to:
smu-betas-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Good morning,

I would like to take advantage of this opportunity to update you regarding the
Homestead Expansion Precedent Agreements (PA's) status.  As I presented in my
letter to you last month, I expected to be in a position to distribute the
PA's
this week.  However, that schedule was fairly aggressive and TCO Homestead
project team is currently in the process of completing some critical analysis
that we need to support our recommendations to TCO management.  TCO will
distribute the PA's as soon as TCO management has reviewed and approves the
recommendations made by the Homestead project team.  At this time, I am not
expecting any significant delay and remain hopeful that TCO will be able to
distribute the PA's during the week ending Friday, April 13.  (I am not
superstitious!)  I apologize for any inconvenience this unexpected delay may
cause you.  Please call your account manager or me if you have any questions
or
special needs related to the Homestead PA's.  Thank you for your patience and
support of this project.  I look forward to working with you in the near
future.

Best Regards,

Michael Strauss
703.227.3364


Let's do it!  August 18 - 20 is our first choice!

Please send me all the information and then we will discuss the particulars.

I will get Vince to sign it immediately.

Thanks Steve!

Shirley

"Steve Collins" <scollins@vailresorts.com> on 06/27/2000 02:22:27 PM
To: <Shirley.Crenshaw@enron.com>
cc: <Vince.J.Kaminski@enron.com>
Subject: Re: Enron Offsite

Hello again!

I PROMISE I am not running!  The deal that we worked out with the General
Manager (Tom Pratt) is that Enron has a $6000 credit with the Great Divide
Lodge that will expire on 8/1/00.  You can either use that credit for
individual rooms PRIOR to 8/1/00, or we have agreed that we can apply that
amount to a meeting prior to the Thanksgiving holiday in 2000 IF the contract
is SIGNED before 8/1/00.

At this point, August 18-20 is available, but the 25-28 is not.  If we can
get this signed prior to 7/31/00, your $6000 credit would be able to be
applied to this event.

Please let me know if this will work for you.  Thanks!

Steve

Steve Collins
National Sales Manager
The Village at Breckenridge/Great Divide Lodge
(800) 332-0424 or (970)453-3156 direct
scollins@vailresorts.com

>>> "Shirley Crenshaw" <Shirley.Crenshaw@enron.com> 06/27/00 01:06PM >>>

Hello Steve:

Please don't run!  I know after the last fiasco with an Enron offsite you are
probably running for the hills!

I do want to apologize to you and thank you for all of your assistance even
though we were unable to make the trip.

However, I understand there has been an arrangement made with Enron,
that if we book a time and come before Thanksgiving we can recoup the money
that we forfeited?  Please let me know if I am understanding this correctly.

If so, we have been told that our group can use this for an offsite.

We are looking at the weekends of August 18, 19 and 20 or August  25,
26 and 27th.  There will be approximately 12 people.

Please let me know your understanding of the arrangement and the
availability of the dates mentioned.

Look forward to hearing from you.

Regards,

Shirley Crenshaw
Administrative Coordinator
Enron Corp. Research
Telephone:  713/853-5290
email:  Shirley.Crenshaw@enron.com


---------------------- Forwarded by Mary Hain/HOU/ECT on 03/07/2001 10:00 PM
---------------------------
To: Jeff Brown/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Aleck
Dadson/TOR/ECT@ECT, Daniel Allegretti/NA/Enron@Enron, Howard
Fromer/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Tom Hoatson/NA/Enron@Enron, Steve
Montovano/NA/Enron@Enron, Jean Ryall/NA/Enron@ENRON, Tom Chapman/HOU/ECT@ECT,
Janine Migden/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Dan
Staines/HOU/ECT@ECT, Mike Roan/ENRON@enronXgate, Joe Connor/NA/Enron@Enron,
Kerry Stroup/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT,
Alan Comnes/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, jader@enron.com, Michael
Brown/NA/Enron@Enron, mark.bernstein@enron.com, john.llodra@enron.com,
janelle.scheuer@enron.com, George Wood/Corp/Enron@Enron, David
Guillaume/Enron Communications@Enron Communications, joe.gordon@enron.com,
splauch@enron.com, jennifer.n.stewart@enron.com, tom.dutta@enron.com, Posey
Martinez/HOU/ECT@ECT, Jim Meyn/NA/Enron@Enron, Berney C Aucoin/HOU/ECT@ECT,
Pearce W Hammond/Corp/Enron@ENRON, Garrett Tripp/TOR/ECT@ECT,
ozzie.pagan@enron.com, heather.kroll@enron.com, david.fairley@enron.com,
george.mccormick@enron.com, wjennin@enron.com, joseph.wagner@enron.com,
elizabeth.johnston@enron.com, bill.rust@enron.com, Reagan
Rorschach/NA/Enron@Enron, Edith Cross/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, Jennifer Bagwell/NA/Enron@ENRON, Billy Braddock/NA/Enron,
bruce.sukaly@enron.com, mike.curry@enron.com, jducote@enron.com,
drew.tingleaf@enron.com, cahn@enron.com, Jason R Wiesepape/HOU/ECT@ECT,
Berney C Aucoin/HOU/ECT@ECT, Michelle Parks/Corp/Enron@Enron,
steve.wang@enron.com, ebaughm@enron.com, terri.clynes@enron.com,
oscar.dalton@enron.com, doug.sewell@enron.com, kcompea@enron.com,
mike.e.kelly@enron.com, gary.justice@enron.com, patrick.hanse@enron.com, Brad
Morse/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Bill Rust/HOU/ECT@ECT, Kevin
M Presto/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, David W Delainey/HOU/EES@EES, Janet R
Dietrich/HOU/EES@EES, James E Keller/HOU/EES@EES
cc:
Subject: Filings to buy power from industrials

Attached are filings made this week at FERC to seek permission for EPMI and
EES to make certain FERC-required filings (including quarterly power marketer
filings) on behalf of industrials with on site generation that sell power
into the grid to us.  The filings will allow Enron to make it easier for
these industrials to sell to us from their administrative filing viewpoint.
We expect to receive authorization within 60 days.

Generally, industrials with on site generation are required to obtain a FERC
power marketer license and comply with FERC's reporting requirements, similar
to EPMI and EES' FERC filing requirements.  EPMI and EES will be able to file
specific industrial purchases in a combined report, rather than requiring the
industrials to file their separate reports with FERC.

Please contact me if you plan a deal to purchase power from an industrial.
We need to consider additional costs/back office transaction flags that may
be required in order for us to track these purchases.  Thanks.  Christi
37007.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 03/07/2001
05:34 PM ---------------------------

"Karen Bishop" <kbishop@bracepatt.com> on 03/05/2001 04:58:18 PM
To: <Christi.L.Nicolay@enron.com>, <elinnell@enron.com>, <snovose@enron.com>,
<editor@restructuringtoday.com>
cc:

Subject: Today's filings

 - #133268 v2 - APPLICATION FOR MBR PURCHASES FROM IPPS.wpd
 - #137355 v1 - EES APPLICATION FOR MBR FOR IPPS.wpd


anchorite (ANG-kuh-ryt) noun, also anchoret

   One who lives in seclusion; a hermit.

[Via Middle English, Medieval Latin, Late Latin, Late Greek, from Greek
anakhoretes, to withdraw.]

   "The use of money is the purest act of faith; no anchorite who has
   followed a vision into the desert has acted on an idea as far-fetched as
   our belief that if we put a dollar in a machine we will be drinking a
   Diet Coke in a minute."
   Mary Gordon, We Are All Spendthrifts Now, The New York Times, May 29, 2000.

This week's theme: words to describe people.

............................................................................
There are two ways of spreading light: to be the candle or the mirror that
reflects it. -Edith Wharton, novelist (1862-1937)

Looking for a word or quotation previously featured in AWAD? They are all
archived at http://wordsmith.org/awad/archives.html . For the theme list,
see http://wordsmith.org/awad/themes.html . Alphabetical listing of the
words is available at http://wordsmith.org/awad/wordlist.html

Pronunciation:
http://wordsmith.org/words/anchorite.wav
http://wordsmith.org/words/anchorite.ram


??????????
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/11/2000
12:40 PM ---------------------------

John J Lavorato@ENRON
07/11/2000 10:18 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

Call me Lavo.


APR-OCT 02

S 2000/D AT 3.00

Justin Rostant
Enron Financial Trading Desk.
Phone: 713-853-6460
Mobile: 832-264-6333
Fax: 713-646-3239


you bot 475 at 11.75


They do not have Gas daily loaded yet, I will check back periodically, if and when it becomes available I will send it.


No nom change on Purchase and Sale - Eastrans for 2/10/2000 - (see reference).

Reduce sale to 500 MMBtu/d from Fuels Cotton Valley for 2/10/2000.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/15/2001
09:17 AM ---------------------------

"Maileen Hamto" <hamto@rice.edu> on 02/15/2001 08:02:48 AM
To: "jones news" <JGSMNews@rice.edu>
cc:
Subject: @Jones: News and Information from the Jones School

@Jones: News and Information from the Jones School
February 15, 2001

Forbes Magazine survey request
Financial Times Rankings: Jones School is in top ten in four categories;
35th of 51 U.S. schools and 54th of world's best 100 MBA programs.
Digital Technology Panel: February 20
2001 Alumni Weekend: March 2-3
Lecture -- Gordon Bethune, CEO, Continental Airlines: March 5
Lecture -- Bruce Dunlevie, Founder, Benchmark Capital: March 12
Neuhaus Lecture -- C.K. Prahalad, Professor, University of Michigan: March
19
Dean's Lecture -- Rodney Eads, Executive Vice President, El Paso Corp.:
April 11
Black Leadership Conference: April 27
Rice Alliance Continues Expansion of Network, Enhances Services
Seven Rules For Success in the New Economy
Tips On Financial Risk Management by Marc Shapiro, Vice Chairman, J.P.
Morgan & Chase
Jones School Campaign
Visit Construction Site

-----------------------
Announcement
-----------------------

Forbes magazine is beginning work on its second survey of business school
graduates and business school deans for a future issue of Forbes. Forbes is
looking at the return on investment that business schools offer. They will
survey the full-time graduating class of 1996.  Your names and addresses
will not be used for any other purpose beyond this one -page questionnaire
and your responses will remain confidential.  We urge you to complete and
return the surveys since rankings are influenced by the percentage of the
class which returns the survey. This is true for all rankings. We greatly
appreciate your taking your time to do this and thank you for supporting the
Jones School.

-----------------------
News
-----------------------

In its 2001 rankings of the top full-time MBA programs in the world, the
Financial Times ranked the Jones School among the ten best in four
categories: value for money; employed at three months; finance;
entrepreneurship. Overall, the Jones was ranked 35th of 51 U.S. schools and
54th among the world's best 100 graduate business schools.
http://jonesgsm.rice.edu/content/content.cfm?PageID=104&AnnounID=125.

The Yale Club of Houston and the Jones School hosts a panel discussion on
Digital Technology at 6 p.m. on Tuesday, February 20 at 124 Herring Hall.
RSVP by February 16. Cost is $20 for Jones School alumni and $25 for
non-members/guests.
http://jonesgsm.rice.edu/news/calendar/index.cfm?EventRecord=1744.

The 2001 Alumni Weekend reunion will be held March 2-3, 2001. Register by
Feb. 16. http://jonesgsm.rice.edu/alumni/alumni_weekend2001.html.

Gordon Bethune, CEO of Continental Airlines, will speak at the Jones School
at 9:45 a.m. on Monday, March 5 at 124 Herring Hall. Alumni and students are
invited to attend the lecture.
http://jonesgsm.rice.edu/news/calendar/index.cfm?EventRecord=1734.

Bruce Dunlevie,  Founder and General Partner of Benchmark Capital, will
speak at noon on Monday, March 12 at the Farnsworth Pavilion, RMC/Ley
Student Center. Jones School students and alumni are invited to attend.
http://jonesgsm.rice.edu/news/calendar/index.cfm?EventREcord=1733&DD=80.

C.K. Prahalad, Harvey C. Fruehauf Professor of Business Administration at
the University of Michigan Business School in Ann Arbor, will deliver the
2001 W. Oscar Neuhaus Lecture at 9:45 a.m. on Monday, March 19, 124 Herring
Hall.
http://jonesgsm.rice.edu/news/calendar/index.cfm?EventRecord=1732&DD=80.

Rodney W. Eads, Group Executive Vice President of Merchant Energy and
Production for El Paso Corp., will speak at the Dean's Lecture Series
scheduled for 9:45 a.m. on Wednesday, April 4 at 124 Herring Hall.
http://jonesgsm.rice.edu/news/calendar/index.cfm?EventRecord=1735&DD=80.

This year's Black Leadership Conference, scheduled for April 27, brings
together MBAs, lawyers, accountants, engineers, healthcare professionals,
educators, and entrepreneurs from Houston to discuss key issues facing black
professionals. Last year's keynote speakers include Ambassador Cynthia
Shepherd Perry, Honorary Consul General to Senegal and Ambassador Berhane G.
Christos, Ambassador of Ethiopia.
http://jonesgsm.rice.edu/content/content.cfm?PageID=60

The Rice Alliance for Technology and Entrepreneurship enters its second year
determined to enhance services that have promoted the entrepreneurial spirit
in the Rice community and in Houston. The Alliance brings together students,
faculty, alumni and other Rice-associated parties as collaborators, mentors
and investors in engineering, science, software, or e-commerce innovations.
http://jonesgsm.rice.edu/content/content.cfm?PageID=104&AnnounID=126.

Murray Weidenbaum, Founder and Chairman of the Murray Weidenbaum Center on
the Economy, Government, and Public Policy, joins the Jones
School as the Ken Lay, Vinson & Elkins Visiting Scholar through May 31. A
noted expert on American and global economics and top adviser on economic
issues during the Nixon and Reagan administrations, Weidenbaum is working on
a study of U.S. and international trade policy, developing a high middle
ground in a controversial area.
http://jonesgsm.rice.edu/content/content.cfm?PageID=104&AnnounID=121

Marc J. Shapiro, Vice Chairman, J.P. Morgan & Chase, talked about six tenets
of success in financial risk management at the Jan. 22 Dean's Lecture.
http://jonesgsm.rice.edu/content/content.cfm?PageID=104&AnnounID=124.

A distinguished panel of e-commerce and energy industry leaders addressed
current trends and the future of e-commerce at the Jan. 10 forum "2001: An
Internet Odyssey" jointly hosted by the Rice Alliance for Technology and
Entrepreneurship, the Jones School, Rice University Executive Education, and
TexaseComm.
http://jonesgsm.rice.edu/content/content.cfm?PageID=104&AnnounID=123.

--------------------------------
Online:
--------------------------------

Visit the construction web cam URL for up-to-the-minute live feeds of the
new Jones School building construction.
http://jonesgsm.rice.edu/campaign/Jonescam.

Learn about new and upcoming initiatives and programs at the school, and
view artist renderings of the new $60 million building, currently under
construction. http://jonesgsm.rice.edu/campaign/campaign.html

----------------------------------------------------------------------------
@Jones: News and Information from the Jones School, the Jones School
e-newsletter, is published monthly by the Public Relations Department of the
Jesse H. Jones Graduate School of Management. The Jones School website
http://jonesgsm.rice.edu is updated frequently and we
encourage you to visit the site regularly to get the latest news and
information about new initiatives and programs at the Jones School. To
submit items to be posted on the Jones School website, please e-mail
JGSMNews@rice.edu.