Any reason we couldn't do this?
-----Original Message-----
From: Calger, Christopher F.
Sent: Sunday, November 25, 2001 7:15 PM
To: Kean, Steven J.
Cc: Sager, Elizabeth; Yoder, Christian
Subject: Potential Dynegy Transactions

Steve,

I think you may have heard a request last week re working closely with Dynegy.  I think we just need to treat them like other counterparties.  Basically, West Power would like to enter into arms length physical power and service transactions with Dynegy.  My understanding is that Dynegy is a separate, unrelated party until the merger closes.  Therefore, we can not "collaborate" with them commercially and our transaction policy is dictated by customary credit, legal and risk management procedures.  Is this correct?   If so, how do you feel about the following?

An Enron customer wants to buy power and related services for one year.  The customer requires Enron to post collateral.  Enron does not want to post collateral but suggests that Enron can provide the product/services to Dynegy and Dynegy can then sell to the customer.  The Enron marketer calls the Dynegy marketer and proposes a "back to back" transaction.   Dynegy adds a small service fee, the Enron/Dynegy contract is executed and a Dynegy/Customer contract is executed.

This type of deal happens frequently - it is usually driven by the third party having better credit, transmission access or a complementary service.  We could do this with anyone, but the obvious choice is Dynegy - customers think it makes sense, and ultimately if we merge we have retained a customer.

Do you think this works?

Regards,

Chris


CALENDAR ENTRY:	INVITATION

Description:
	Interview with Virginia Cook EB3663

Date:		6/12/2001
Time:		1:00 PM - 1:30 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


Good morning!

I was wondering if Michael has settled down, or if he is having troubles
attending.

Thanks,

Kay


Elizabeth:
11:30 works fine.  See you there.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Elizabeth Sager
	10/30/00 03:20 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Tennis Anyone?

Great!  The Met has 3 hour free parking - use the "yellow entrance"  to the
Allen Center (located on the far side of the parking garage, next to all the
open air parking lots) and follow the signs for Met parking (off to the
right).  Met is on the 6th floor.  I can meet anytime around lunch - I'll go
ahead and get court for 11:30, but if you want to meet later, that would be
fine - just let me know.  Looking forward to playing.


Whoops!  SORRY FOR THE INCONVENIENCE!

----- Forwarded by Taffy Milligan/HOU/ECT on 12/01/2000 02:58 PM -----

	Taffy Milligan
	12/01/2000 02:55 PM

		 To: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert
Bruce/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Tana Jones/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Stephanie
Panus/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT, Carol
St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Suzanne Adams/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Taffy
Milligan/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT, Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margaret
Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chaundra Woods/HOU/ECT@ECT,
Carolyn George/Corp/Enron@ENRON
		 Subject: December SWAP Calendar

Attached for your information is the Group Calendar for December.  Please
advise of any revisions you may have.

Taffy


"Aggregate Transporter Imbalance" is an imbalance of supply or demand  as a
result of performance by Seller or Buyer's    respective suppliers or
customers.

Please feel free to give me a call should  you require further explanation,

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


Business/Financial Desk; Section C
Flaws Cited in California Electricity Market
?
10/07/2000
The New York Times
Page 4, Column 1
c. 2000 New York Times Company
PASADENA, Calif., Oct. 6 -- California's electricity market is not ''workably
competitive'' and needs to be fixed, the California Power Exchange said in a
draft report.
Wholesale power prices from May to July more than quadrupled from a year
earlier as demand strained supplies during weather that was hotter than
normal. Some generators appeared to hold back power at times of peak
consumption, waiting until prices surged.
This happened because of ''structural flaws in the design of the California
electricity markets,'' the report said. ''These design flaws need to be
addressed,'' it said. A final report is expected next week.
The exchange recommended easing restrictions on building power plants and
penalizing companies for waiting until the last minute to deliver power. It
did not cite a specific power-plant owner, marketer or utility as responsible
for the problem.
The nonprofit power exchange was created by the state legislature in 1996 to
operate a marketplace where utilities and other big buyers and sellers could
get electricity.
The PG&E Corporation's Pacific Gas and Electric, Edison International's
Southern California Edison and Sempra Energy's San Diego Gas and Electric buy
all their power through the exchange.
Pacific Gas and Electric and Southern California Edison have said they face
billions of dollars of losses because rates they can charge customers are
frozen far below the rates they had to pay for power on the exchange this
summer.


-----Original Message-----
From: 	Mrha, Jean
Sent:	Tuesday, October 23, 2001 9:59 AM
To:	Shively, Hunter S.
Subject:	Thanks for telling me about the Wellhead desk

I always appreciate being the last to know.


Carolyn and/or John, could one or both of you give me a call as soon as  you
are available for a conference call with Chris Calger, Steve and me.

Thanks,

Kay


Giuseppe

The dinner is scheduled, as I have mentioned, to you at 7:00 p.m.
Wednesday at Il Fornaio, Canaletto Room.

Both you and Eric are welcome to join us.

Vince


Lynn kerman
lynn.kerman@umusic.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Lynn kerman


Bill,

Can you please look into these real-time discrepancies that are mentioned below!!!

Thanks,

Diana
 -----Original Message-----
From: 	"WYNDI Workman-Rodriguez" <Wyndi_Workman-Rodriguez@pgn.com>@ENRON [mailto:IMCEANOTES-+22WYNDI+20Workman-Rodriguez+22+20+3CWyndi+5FWorkman-Rodriguez+40pgn+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, May 25, 2001 12:08 PM
To:	Allen, Thresa A.; Gwen_B_Williams@pgn.com
Cc:	DScholt@enron.com; Bill_Casey@pgn.com; Shari_Johnson@pgn.com
Subject:	October 2000 activity

I had sent an e-mail to Diana around 4/24, and since then it looks like some of the discrepancies have been cleared up, but a few still remain.  They are as follows:

10/3 - deal #425449.1 & 425450.1 need adder of $0.25, not $0.10.

10/4 - deal #426611.1 & 426612.1 need adder of $0.25, not $0.10.  ALSO, on our purchase side only, HE 24 was cut 10mw realtime due to DC derate.  This is the only side that was cut.  Notification was at 23:34.

10/5 - EPMI is missing the "cutable" 10mws for HE 11-21 on both sides.  However, HE 8 on our sales side also has 10mw.  Realtime made a straight sale, but it should have been an in and an out.  We paid inadvertent (per Bill Casey, Mgr), and will only show it on our sales side to you.  The "cutable" deal is index + $1.00.

10/7:  "Cutable" deal is missing HE 1 and 9-24 (10mw) from both sides,

10/13:  "Cutable" deal is missing HE 1,2 & 6-23, (10mw) from both sides.

10/14:  HE 7 & 8 (50mw) was cut due to DC derate.  It looks like 25mw was removed from HE 8, but 50mw still needs to be removed from HE 7 & 25mw from HE 8.  In addition, our control area was notified by BPA we were also out with you HE 6 by 50mw.  These changes only need to be made on our purchases from EPMI.  We balance on our sales to EPMI.

10/25 & 26 - cutable deal (listed on daily sheets), HE 2-6 = 2mw, HE 9-22 = 3mw, HE 23 & 24 = 2mw) needs to be priced at $1.00 adder.  It's currently included with deal #441439.2 on 10/25 and deal #441533.1 on 10/26.

The rest of October is good.  I hope to have November discrepancies to you soon.

Wyndi
(503) 464-7083


Do either of you have the Frank Wallock (sp?) report he prepared on how
suppliers should respond to the California problem, including the "contract
for differences" concept?  If so, could you email us a copy?

Thanks, and Happy Holidays.

Sarah


I have not yet had a chance to read this but thought I should pass it along
asap.
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
05/27/99 02:10 PM ---------------------------

Justin Boyd
05/27/99 11:01 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Internet Trading - Internet Trading Access and Electronic Trading
Agreements

Mark,

Look forward to your views on the comments expressed by CC, as well as their
minor drafting changes.  I have not as yet sent this Sullivan &
Cromwell....may be you would wish to do this as you see fit......

Look forward to seeing you soon in a week or so...

Justin

---------------------- Forwarded by Justin Boyd/LON/ECT on 27/05/99 17:02
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Nicola.Garrett@cliffordchance.com                           27/05/99
14:27

To: jboyd@enron.co.uk
cc: lkitching@enron.co.uk, ekapralo@enron.co.uk, aaziz@enron.co.uk,
Christopher.Millard@cliffordchance.com, Timothy.Hughes@cliffordchance.com
(bcc: Justin Boyd/LON/ECT)
Subject: Internet Trading - Internet Trading Access and Electronic Trading
Agreements

Further to our meeting yesterday, please find attached a copy of the
Internet Trading Access Agreement ("ITAA") and the Electronic Trading
Agreement ("ETA") marked up with my suggested changes from an English law
perspective.  As I mentioned to you yesterday, these documents will also
need to be considered by the overseas lawyers to see whether there are any
overriding local laws which could impact on the use.  The overseas lawyers
have copies of these agreements and will include this in their report.

I understand that it is envisaged that the ITAA will be signed off line and
the ETA will be posted on the Website.  Each person authorised by a
counterparty with a password must "click through" the Agreement before
commencing trading.  This will only be done on one occasion.

We discussed yesterday the risks associated with this approach, namely, that
a counterparty could claim that at the time of entering into the ITAA it was
not aware of the terms of the ETA and therefore, could not be bound by it.
It is clearly important to have certainty that the terms of the ETA are
enforceable as they contain important terms such as indemnities, limitations
of liability etc.  Having said that, the view might be taken that by
entering into the ITAA all that has been achieved is that a counterparty
receives a password which enable the counterparty to put itself in a
position where it must consider the ETA before proceeding.  Once the
counterparty accesses the Website and sees the ETA a second contract is made
and the ITAA and ETA must then be read together but only at the time that
the counterparty has clicked through the ETA.  I suspect that this is the
approach that Sullivan & Cromwell had in mind.  It is also worth bearing in
mind that a counterparty may ask for the ETA at the time of entering into
the ITAA or may be relunctant to click through the ETA until they have had
internal legal sign off.  This may delay trading.

Nonetheless, I understand that you are keen to proceed with signing the ITAA
off line and the ETA on line and accordingly, the attached documents are
marked up with that structure in mind.  As agreed yesterday, I have only
made changes to the document produced by Sullivan & Cromwell where I think
it is necessary for English law purposes or clarification.  I have the
following brief comments on the changes I have made:

1. Parties:  You will see that both documents are entered into by a
designated
 Enron entity for itself and on behalf of all Enron group
undertakings.  The reason
 for this is that Transactions will actually be made between the
counterparty and
 various different Enron entities.  We therefore need to ensure that
such Transactions
 with each of those Enron entities are governed by the terms of these
documents.
 I note from your e-mail yesterday that it was suggested that we need
to list the affiliates
 or have one entity enter into the Transactions.  I think there may
be some confusion here.
 This is not the case.  I assume that the current Enron entities
which trade certain
 commodities with certain counterparties will continue to do so on
the Website.
 The Website will need to be set up in such a way as to achieve this
but I assume that this
 causes no problem as each counterparty will see different pages on
the Website depending
 on what password has been inserted.  The documents now contemplate
this.

2. "Services":  I have removed the references to Services as I am not
sure what this means.
 I would have thought that these agreements need to govern the
counterparty's access and
 utilization of the Website whether or not they actually carry out
any Transactions.  Therefore,
 I believe that where the Agreement had previously referred to
Services, it can now refer to
 "access and utilization of" the Website.

3. Contract Formation:  I have inserted a short paragraph in Clause 3
of the ETA which
 provides that a Transaction will only be executed once Enron
generates a message of
 confirmation of the sale and purchase to a Counterparty and that any
electronic records
 of Enron will prevail.  I note that Sullivan & Cromwell envisage a
document being attached
 which explains this.  This is also acceptable.

4. Data Protection:  On reflection, it will be more appropriate for
relevant data protection
 wording to be on the Website itself rather than in the ITAA or ETA.
This is because the
 data protection concerns revolve around data subjects i.e. living
individuals, rather than
 corporate entities such as the Counterparty.  Before providing
appropriate wording for
 this, could you please let me know what information will be
collected by you concerning
 living individuals either intentionally or unintentionally.  For
example, when a password is
 entered will you be able to identify a living individual by this or
can you intentionally or
 unintentionally obtain that individual's e-mail address or other
information on them once
 they have entered the Site.  You will need to check this with your
technical people.

Once you have had a chance to review this perhaps you could let me have your
comments.

I have simultaneously sent this e-mail to my financial regulatory colleagues
for their review.  They may have further comments which we will send onto
you as a matter of urgency.

Kind regards

Andrew Wilkinson

 <<EnronAgC.doc>>  <<EnronAgMU.rtf>>  <<TradingAgc.doc>>
<<TradingAgMU.rtf>>

 - EnronAgC.doc
 - EnronAgMU.rtf
 - TradingAgc.doc
 - TradingAgMU.rtf


---------------------- Forwarded by Eric Bass/HOU/ECT on 07/26/2000 10:35 AM
---------------------------

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 07/26/2000 10:28:35 AM
To: peggy dan maynard <peggy@airmail.net>, Pam Day <pkjday@yahoo.com>,
michael don ferguson <mfe252@mail.airmail.net>, "Marsters, Linda"
<lmarsters@fortbend.k12.tx.us>, Julie & Mark Stevens <JUMACK@airmail.net>,
joni drude <jfdr@chevron.com>, jason <jason.bass2@compaq.com>, "Henry C.
McGill" <hmcgill-satx@worldnet.att.net>, gail stoops <Ggstops@aol.com>, Frank
Marsters <marstersco@earthlink.net>, eric preston bass <Eric.Bass@enron.com>,
christine marsters <wxranch@airmail.net>, Bill Daniel <bdaniel@pflash.com>,
beth dahlberg <dhlbrg@aol.com>, Barbara Bass <xwb2@flash.net>, "Larry W.
Bass" <lwbthemarine@bigplanet.com>, ryan darr <fastfeet15@aol.com>, richard
and marty darr <Rdarr@flash.net>, lauren darr <L2giveJ@aol.com>
cc:
Subject: Fw: Billboards

----- Original Message -----
From: "Jack Rains" <jmrtexas@swbell.net>
To: <jmrtexas@swbell.net>
Sent: Tuesday, July 25, 2000 8:19 AM
Subject: FW: Billboards

> The  Lt. Gov sent this in....
> JR
>
> -----Original Message-----
> From: Rick Perry [mailto:rickp@fc.net]
> Sent: Monday, July 24, 2000 10:59 PM
> >
> >
> >
> >
> >
> >>  > > > Some new billboards are getting attention in Cleveland.  Some
> >reported  >>  > > > >seeing one or two messages, but the newspaper listed
> all of them. >>  > > > >Here's a >>  > > > >list of all variations of the
> "God Speaks" billboards.
> >>  > > > >
>
> >>  > > > >The billboards are a simple black background with white text.
No
> >>  >fine
> >>  > > > >Print or  sponsoring organization is included.  These are >>
> >awesome. enjoy.
> >>  > > > >
> >>  > > > >Let's meet at my house Sunday before the game.
>
>  -God
>
> C'mon over and bring the kids.
> -                                  -God
>
> What part of "Thou Shalt Not.." didn't you
> >>  >understand?
> >>  > > > > > >>> >   >                                   -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     We need to talk.
> >>  > > > > > >>> >   >                                  -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Keep using my name in vain, I'll make rush
hour
> >>  >longer.
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >                                  -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Loved the wedding, invite me to the marriage.
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     That "Love Thy Neighbor" thing.. I meant it.
> >>  > > > > > >>> >   >                                  -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     I love you and you and you and you and..
> >>  > > > > > >>> >   >                                  -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Will the road you're on get you to my place?
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Follow me.
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Big bang theory, you've got to be kidding.
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     My way is the highway.
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Need directions?
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     You think it's hot here?
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Have you read my #1 best seller?  There will
be
> a
> >>  >test.
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Do you have any idea where you're going?
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     (And my personal favorite..)
> >>  > > > > > >>> >   >
> >>  > > > > > >>> >   >     Don't make me come down there.
> >>  > > > > > >>> >   >                                 -God
> >>  > > > > > >>> >   >
> >>  > > > > > >>> > * Send this on to someone you care about.
> >
> >
> >
> >
>


Start Date: 4/29/01; HourAhead hour: 15;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042915.txt

Error retrieving HourAhead price data - process continuing...


just out of curiousity, would you do stephen davis for ricky williams
straight up?

	Enron Capital Management

	From:  David Baumbach                           08/30/2000 10:44 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Williams

I know everyone will think I'm nuts but I want to hold on to Williams and
Moss.

	Enron North America Corp.

	From:  Eric Bass                           08/30/2000 10:04 AM

To: David Baumbach/HOU/ECT@ECT
cc:
Subject: Williams

Stephen Davis, Terry Glenn and Bill Schroeder for Williams, Moss, and Travis
Taylor?


Kay,

Our deal with Panda Energy involves 4 LM units.  I believe that this is the
total number of units in our current LV Co Gen project.  Ben is planning to
talk with Lee at GE.

I talked with Panda this morning.  They do not have a fixed close date.  They
are working off the assumption that closing will ocurr within 4-6 weeks of
signing the Letter Agreement.  I believe that this is doable.

Chris Booth will provide you with respective unit delivery dates.  He is
working with Matt Tezyk to determine the serial #'s (apparently GE has not
yet assigned serial #'s to the units).  What price are we assigning to the
LLC member interests in the Northwestern Letter Agreement?  Let's stay
consistent with that document.  The person who will be signing for Panda is
Gary Hubbard, Senior Vice President.

The purchase price is $16.45 MM per unit with a 10% development fee payable
to ENA upon execution of the Letter Agreement.  The balance of the purchase
price will escrowed by Panda upon approval of the Facility Agreement (similar
to Intergen structure) and payable to ENA at closing.  Is this the pricing
information that you need to establish the maximum liability amont?

Ben:  We need to talk re: the transformers.  We quoted Panda $950K per unit
for the two transformers.  It is not clear if the transformers will work for
Panda w.r.t. interconnect voltage and plant configuration.  If we are
re-loading with more LM's, do we need to keep the transformers for our use at
LV Co-Gen?

Kathleen:  I have a call into Bill Lamb at Panda regarding the CA's.  I will
let you know when I hear back from him.

Fred

Kay Mann@ENRON
02/26/2001 06:15 PM
To: Fred Mitro/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron
Subject: Re: Panda Energy

Fred,

Dale Rasmussen has been handling the breakout contracts for the LV CoGen
project, and I think the form is in good shape. However, the breakout
contract is for all the LV Co Gen units, but that is easy enough to fix. Does
GE know this is coming?

What are you projecting for a closing date?

 We need the unit numbers (original and serial), associated delivery dates,
price attributable to the units (maximum liability amount), price to sell the
LLC member interests, and the contact persons from Panda for the contract.
Will there be a development fee, and if so, how much?

If you get me the particulars of the deal we can work on it in house.  We
have the forms, so we can get cracking without outside counsel.  In fact,
I've been working on the form letter agreement today in connection with the
other deal.  Retaining outside counsel requires internal approval, which I'm
sure we can get in the next day or two, assuming no conflict of interest. I
can get started on the process if you are ready.

If you think these guys are serious, we can set up the LLC's.  We may want
two LLC's if the total price is in excess of $50mm.  Kathleen, please talk to
me before we do this as I think we should discuss the slate of officers.

Kay

Fred Mitro@ECT
02/26/2001 05:56 PM
To: Stephen Thome/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron

Subject: Panda Energy

Steve:

I talked with Ben this afternoon and understand that we are ready to proceed
with Panda Energy in a transaction involving the sale of member interests in
special purpose entities associated with the four(4) LV units.  I have left a
message with Panda letting them know that we are prepared to proceed and will
begin preparing a set of draft definitive agreements for their review.  I
have asked Panda to confirm that they are ready to receive these documents
and proceed.  I understand that you are in Houston.  Please call/see me
tomorrow morning so that we can discuss this transaction.

Kay:  We need to prepare a draft set of definitive agreements for this
transaction.  Can Carolyn complete this while you are in New York?  Also,
what is the status of the LM Breakout contract for the 4 LV units.  Let me
know.

Kathleen:  We need to confirm tomorrow morning that we have received executed
CA's from Panda.  I have the CA execution originals for the four Panda
entities at my desk for Ben's signature.  These need to be received prior to
sending Panda the definitive agreements.  We will fax signature pages to Ben
tomorrow.

Chris:  See me tomorrow morning to discuss the technical spec's that were
sent to Panda

I will be at my desk by 8 am tomorrow morning.

Thanks,
Fred
x35406


sorry so late

Fletch


Tiffany:  Per my voice mail, please insert the following language into the
confirms you are preparing for the Citibank transactions:

FOR THE CITIBANK/GARDEN STATE CONFIRMS:

Optional Termination: Either party may, upon sixty (60) days written notice
to the other party, terminate this Transaction by designating to such other
                                                party the termination date
for this Transaction.  In the event a party exercises its right of optional
termination hereunder, the
                                                provisions of Section
6(e)(ii)(2)(B) shall apply to this Transaction for purposes of establishing a
settlement amount.

FOR THE CITIBANK/ENA CONFIRMS:

Optional Termination:  Either party may, upon sixty (60) days written notice
to the other party, terminate this Transaction by designating to such other
                                                party the termination date
for this Transaction.  In the event a party exercises its right of optional
termination hereunder, the
                                                provisions of Section
6(e)(ii)(2)(B) shall apply to this Transaction for purposes of establishing a
settlement amount.

   The foregoing provision for optional termination of this Transaction shall
not be cause for Early Termination under the
                                                Agreement, and provides for
termination of only this Transaction.

Tanya and Rodney:  attached is the side letter


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
02/08/99 09:17 AM ---------------------------

Mark Elliott
02/03/99 05:43 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Proposed London Equity Trading Desk

Mark,

Further to Mark Haedicke's e-mails, for your information please see below my
e-mail of yesterday evening to Mark Haedicke and Scott Sefton re the impact
of English law on a potential Equity trading desk based in London.

Kind regards

Mark
---------------------- Forwarded by Mark Elliott/LON/ECT on 02/03/99 11:41 AM
---------------------------

Mark Elliott
02/02/99 06:33 PM
To: Mark E Haedicke/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT
cc:
Subject: Proposed London Equity Trading Desk

I have reviewed the above proposal (which includes having had some in-depth
conference calls with Slaughter & May, London) and conclude that the project
is technically and legally viable provided that the points listed below are
dealt with.  Mark, once you have read this note, if you would like to discuss
the contents with Scott and me, please do not hesitate to give us a call.

SFA Authorisation and Structure

On account of the potential frequency and size of trading (even on an
execution-only basis for ECT Investments Inc), the London Desk should be
authorised by the SFA.  The personnel involved in the activity should be
registered with the SFA as, at least, Securities Representatives, and
preferably as General Representatives.

Accordingly, subject to Tax Department's input, the London traders should be
located in EEFT (already SFA-regulated) which would act as arranger or agent
for the existing Houston-based equity trading corporation, ECT Investments,
Inc (the latter as principal).

Subject to Tax and other internal considerations, it would also be possible
for EEFT to act as agent to do this business for, as principal, either
ECTRIC, the proposed replacement vehicle for ECTRIC,  or a new UK unregulated
entity (the latter would apply if a UK book was required).  A UK entity, as
principal, would be "unregulated" if it was a purely passive booking company.

Provided that the ultimate principal is either ECT Investments, Inc., ECTRIC
or an unregulated UK principal, there should not be any UK regulatory capital
requirements.

The SFA would need to be informed in advance of our intention to have an
equity trading capability in London and EEFT's SFA business profile would
need to be extended to cover both arranging and dealing as agent in respect
of equities.

Transaction Reporting

As the business would be SFA regulated per the above, SFA Rule 5-49 would
require all transactions to be "Transaction Reported" - for pure cash equity
business (wherever the equities are listed) this would be accomplished by
computer-entry of trade details which would then download to one of the
London Stock Exchange's ("LSE's") systems known as either "SEQUAL" or
"CHECKING".

The purpose of such reporting  is not only to enable the LSE and SFA to
establish daily market volumes, etc.,  but also, for example, to provide the
relevant information to the LSE's surveillance unit which actively monitors
all trades for signs of Insider Dealing.

Systems' impact

On the above structure, there should be no extra systems' requirements,
except:-

 PC screens for the traders having feeds of market quotes / market
information (e.g., Reuters, Telerate, etc):

potentially a computer-link for settlement purposes

a computer-link for the Transaction Reporting of executed deals to the LSE
(see above)

a computer-link to produce exception reports of executed deals to enable a
Compliance Department to monitor for Disclosable Interests in Shares (see
below)

a computer-link to produce reports of executed deals for monitoring against
the Watch and Restricted Lists (see Insider Dealing below)

Accountants, e.g., Arthur Andersen, would be the best placed to advise on the
correct form of computer-links, especially those for Transaction Reporting
purposes.

Disclosure of Interests in shares

Re UK listed companies there are the following disclosures to be made of
equity interests:-

S. 198 Companies Act '85 - acquisition of 3 % interest or more, or disposal
to below a 3% interest, or acquisition of each whole % above a 3% interest of
a UK Public Co's voting capital requires to be disclosed to the company.
Group interests / concert party interests are aggregated to arrive at the
thresholds and "interest" includes a right or option to acquire shares.

Substantial Acquisition Rules - acquisition of over 15% interest in a UK
public company requires separate disclosure to the Company and, if listed, to
the LSE.

Rule 9 Takeover Code - acquisition of 30 % or more of UK public company's
voting shares leads to a requirement to make a cash offer for the remainder.

S. 212 Companies Act '85 - UK public companies can request at any time an
entity to disclose to the company particulars of their, and other persons',
interests in the company's share capital, including such details for the last
three years.

Rule 8.3 Takeover Code - during an "offer period" relating to a UK public
company (and the offer is a "securities exchange offer"), persons owning or
controlling directly or indirectly 1% or more of relevant securities of that
company (including cash-settled derivatives) must disclose such interests to
the Take-Over Panel.

Please note that there may be similar rules in other jurisdictions, depending
on where the relevant equities are listed - indeed in some jurisdictions
there may be  prohibitions on foreign ownership of equities.

Insider Dealing

Looking just to the UK legislation (The Criminal Justice Act 1993), the
various criminal offences of Insider Dealing are committed, basically, when
an individual has Inside Information (meaning unpublished price-sensitive
information) concerning the securities of an entity or entities (whether UK
or non-UK) which are officially listed in any State within the European
Economic Area or admitted to dealing, or quoted, on a "Regulated Market"
(e.g., including the major European markets, NASDAQ, etc).  Please note that
"price-sensitive"  means likely to have a significant effect on the price of
any securities - not just those of the entity or entities in respect of which
one has the knowledge; and "securities" includes shares, debentures, options
to subscribe for shares / debentures, depository receipts, futures and CFDs.
Once in knowledgeable possession of insider information, the offences are
commited if one deals in price-affected securities in relation to  that
information, or encourages another to so deal or discloses the information.
The offence is punishable by imprisonment and / or fines.

        The offences are highly technical and there are certain defences
available.

The manner in which to try to prevent the internal commission of the offences
is to put in place, simply, "established and effective" Chinese Walls between
those individuals who would be involved in the Equity Trading facility and
others in within the Enron Group who may have such inside information, to
prevent the potential flows of Inside Information between those with such
information and the Equity Traders in London.  Both I and Slaughter & May
feel that potentially replicating in London the Enron Chinese Wall  policy
actively followed in Houston could suffice in this respect as it is generally
felt that the US requirements should be at least as stringent as those
required in the UK.  Alan Aronowitz is in the process of  sending me
Houston's policy in this regard for review and upon receipt that policy will
be reviewed accordingly.

However, the relevant Chinese Walls would need to be put in place for Insider
Dealing purposes between, in my and Slaughters' views, (a) on the one side,
the Equity Traders and (b) on the other side, originators and traders, and
persons involved in any corporate finance, M&A, Joint Venture, and financing
activity.

Not only would the Chinese Walls need to be implemented, but also they would
need to be actively monitored by a Compliance Department in London to ensure
that they were being observed and effective.

In addition to the Houston Chinese Wall policy, there should be implemented
both a "Watch List" and a "Restricted List" procedure (I understand the
latter already exists and would need to be combined with additions to such
list in London ) - the Watch List does not actively prevent trading in
relevant securities, but is an intermediate step before a stock is placed on
the Restricted List: i.e., companies in which Enron is involved in sensitive
transactions would be placed on such a list and an internal Compliance
Department should then actively monitor for any unusual deals by the Equity
Traders (e.g., by volume etc) in stocks of the Companies on  such list.  If
any irregular trading activity is then spotted - it could be internally
investigated.  Obviously, an internal procedure would need to be established
to gather information on sensitive transactions so that they could be placed
on the Watch / Restricted Lists as appropriate.

Other Confidential Information

In addition to any specific Insider Information, various Enron Group entities
will be party to specific Confidentiality Agreements (or other forms of
Agreement, e.g., Master Agreements, containing confidentiality clauses) with
third parties, pursuant to which the Enron entities may have confidentiality
obligations to those third parties and which may prevent the contracting
Enron entities from disclosing certain information to affiliated Enron
entities.

Obviously, in order to comply with our various obligations in this regard we
would need either to check each contract or ensure that Enron personnel were
aware of their obligations in this regard and never disclosed to the London
Equity traders any information covered by the confidentiality obligations.
The Watch List could be used to log, for monitoring purposes, companies to
whom Enron owes confidentiality obligations.

Both with regard to Insider Information and this form of confidential
information, employees would need to be actively trained to ensure that only
generally available market sentiment on a third party could be passed on to
the London Equity traders and not more specific information.

Compliance Department

If this proposal moves ahead, my suggestion is that Enron in London would
need to hire an experienced  Compliance professional for the following
purposes:-

active implementation of, review of, and consistent monitoring of, the
Chinese Wall policy;

active monitoring of executed deals against Watch and Restricted Lists;

active monitoring of executed deals for Disclosable Interests in Shares in
the UK and similar rules and prohibitions in other jurisdictions;

handling SFA and  LSE queries on Transaction Reporting;

handling potential LSE and Takeover Panel queries on executed Transactions;
and

running continuous training courses for Enron personnel on Insider Dealing,
confidentiality obligations, etc.

In addition, such person could have responsibility for the implementation of,
monitoring of, and ensuring compliance with, SFA Conduct of Business Rules
and Moneylaundering compliance, and any relevant exchange rules, firm-wide in
London across all of Enron's business - e.g., its OTC Derivatives'
business.
Kind regards

Mark

---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
02/08/99 09:17 AM ---------------------------

Mark Elliott
02/05/99 04:15 AM
To: Mark E Haedicke/HOU/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT, Scott
Sefton/LON/ECT@ECT
cc:
Subject: London Equities Trading Desk - US legal advice

Further to my Questionnaire to Maureen Bartlett at Cadwalader on the
applicability of U.S. securities' laws in the context of a London Equities'
Desk, I received Maureen's responses in a lengthy telephone call yesterday
afternoon.  I shall only comment where according to Maureen we shall have to
be mindful of an issue - where I do not comment, Maureen said the answer to
the Question was "no" (i.e., good news for us).  Hence, Maureen's advice:-

Q 6 - Generally, ECTII would only bear responsibility to US regulatory
authorities for EEFT's acts and omissions if ECTII was a "knowing
co-conspirator" in an EEFT act or omission which violated US securities'
laws.  EEFT would not have any responsibility for its acts and omissions to
any US regulatory authority.  EEFT would not have any responsibility to US
regulatory authorities for any acts or omissions of ECTII except again only
to the extent that it may have colluded with ECTII.  The only exceptions to
these positions are set out below.

Q 7 - U.S. disclosure requirements re interests in equities - where initially
EEFT acts as pure arranger without any discretion for ECTII (i.e., pure
execution-only facility in London), the U.S. disclosure requirements will be
down to ECTII to comply with (as the principal).  This will still be the case
if EEFT moves to having agency authority (i.e., having discretion) to book
trades to ECTII - the only difference here is that there will need to be
extra careful monitoring to ensure that EEFT does not do a deal in a stock
out of London which, when aggregated with other Enron Group interests in that
stock, take us over a disclosable amount (e.g., under s 13d SEA '34, a 5 %
holding of a stock registered under s 12 SEA '34; and 10 % under s 16a SEA
'34).  This will mean that we shall need extra careful use and monitoring of
Watch and Restricted Lists between London and Houston and may be London
having a policy preventing acquisition by the London desk of a large block of
stock (to be defined) in any U.S. entity without Houston's consent.

Q 8 + Q 9 - U.S. Insider Dealing laws apply to (a) stock of U.S. issuers and
(b) stock of non-U.S. issuers listed in the U.S..  EEFT would not be liable
under U.S. Insider Dealing laws unless it knew that it had price-sensitive
information (as defined under U.S. laws) and dealt in either (a) or (b) or
encouraged another to deal, etc.  ECTII  would not be liable vicariously to
the US authorities for EEFT in this respect - ECTII would have to have
committed the offence itself, e.g. by having the knowledge then dealing etc
or colluding with EEFT.  Vice versa applies re ECTII - EEFT.  Basically this
comes down, once again, to having adequate. and well monitored Chinese Walls,
procedures, education of staff re what they can and cannot do etc.  As well
as other Chinese Walls, obviously ECTII staff would not be able to pass
price-sensitive information which is not publicly known to EEFT staff and
vice versa.

Q 10 + 11 - Re Reg S new issues.  As ECTII would be the principal and is in
the US, not only is ECTII directly prevented from buying a Reg S offering
within the lock-out period but so would EEFT as ECTII's arranger / agent.  If
EEFT purchased a Reg S offering within the lock-out period, ECTII would have
broken the rules.  Obviously this would have to go into the compliance manual
governing EEFT's conduct and again London trading would need to be actively
monitored for compliance.

I still firmly believe that there is nothing in the above advice which makes
a London equities' facility for Houston legally and technically difficult -
it comes down to Chinese Walls, policies and procedures and active daily
monitoring by a compliance department of the activities of the London desk.

Maureen will shortly be sending me her written confirmation of the advice
which she gave me over the telephone.

Kind regards

Mark


?

CRISIS... AND OPPORTUNITY?
Power Markets 2001

March 14-16 | Aladdin Hotel | Las Vegas

Click here to view?
 CRISIS AND OPPORTUNITY: POWER MARKETS 2001
http://www.pmaconference.com/0103Agendah.pdf

[IMAGE]

February 26, 2001:
Crisis and Opportunity Update

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Jane what about this Tqhursday for lunch?  Are you available?
Thanks lynn
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Joyce, Jane <Jane.Joyce@ENRON.com>
To: Blair, Lynn <Lynn.Blair@ENRON.com>
Sent: Mon Oct 22 09:11:28 2001
Subject: FW: Follow Up Meeting

Will you have time for lunch or dinner while you're here?  Would be great to catch up.

Also, I heard some things mentioned that people might like to see in your followup:
Along with the timeline, describe the "macro" of how the pipe is scheduled/balanced and then go to the detail of how contracts and rate types stack up and get matched across the pipe with up/downstream.  Also when a delivery area is constrained and when a receipt area is constrained.  (pictures may help)

Another whole session could be devoted to the allocation at billing time -- least path, penalty application, etc.

Thanks, Jane

	 -----Original Message-----
	From: 	Hook, Connie
	Sent:	Friday, October 19, 2001 10:44 AM
	To:	Barker, Courtney; Barry, Mike; Bollinger, Joni; Bowers, Janet; Brennan, Lorna; Cohrs, Allen; Dushinske, John; Fiscus, John; Fowler, Bill; Gilbert, Steve; Gracey, Rosemary; Halpin, Tom; Hook, Connie; Joyce, Jane; Korbelik, Stephanie; Lagerstrom, Karen; Lantefield, Laura; McCoy, Julie; Miller, Kent; Neubauer, Dave; Oldenhuis, Frank; Paladino, Ranelle; Pavlou, Larry; Penkava, Loren; Powers, Ken; Pritchard, John; Sebesta, Chris; Semin, Frank; Westfall, Roger; Wilkinson, Chuck; Dornan, Dari; Winckowski, Michele; McGowan, Mike W.; Thomas, Steve; Williams, Jo; Williams, John
	Cc:	Blair, Lynn; Buchanan, John
	Subject:	Follow Up Meeting

	John Buchanan and Lynn Blair will be here on Oct. 29th at 1:30 to present the Nomination and Confirmation process that we did not get to during the brown bag lunch on Tuesday.  Meeting will be in conference room 6C1.


All trades were originally confirmed in the name of Dow Hydrocarbons and
Resources Inc.  The Dow trader (Mike Blillings) subsequently contacted the
desk and requested that all trades be booked in the name of "The Dow Chemical
Company".  Mary Gosnell contacted Cathy Tudon in credit and Cathy approved
the changes.  Let me know if you have any comment for the desk.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 07/21/99 09:17
AM ---------------------------

Dale Neuner on 07/21/99 08:01:54 AM
To: Mary G Gosnell/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
Subject: Re: Outstanding financial trades with "The Dow Chemical Company"

Mary, please see my initial findings below, and can you follow-up with Sara -
as I am sure there is some history here.

Dale
3-9746

Sara Shackleton
07/20/99 02:07 PM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Outstanding financial trades with "The Dow Chemical Company"

RE:  Deal Nos.
EY 6926 OMNIBUS  PROPANE 6/30 Credit Rpt says Dow Hydrocarbons...
EY 8108 OMNIBUS  PROPANE 7/02 Credit Rpt says Dow Hydrocarbons...
EY 8531 OMNIBUS  PROPANE 7/06 Credit Rpt says Dow Hydrocarbons...
EY 9343 Status=GENERATED PROPANE 7/07 Credit Rpt says Dow Hydrocarbons...
EQ 6930.1, .2 OMNIBUS  ETHELYNE/ 11/2/98
     ETHANE  I don't have a C/R back this far

ECT does NOT have a master with The Dow Chemical Company.  Are these trades
booked on an omnibus?  I am not certain that credit approved these trades.
Are they all propane?  We need to discuss.  SS


Joe,

I could not open the document.

Vince

Joseph Hrgovcic
10/26/2000 01:10 PM
To: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
cc:
Subject: Re: "White Paper"

Vince & Vasant,

 The enclosed document discusses the incorporation of detailed ensemble
outputs into our mark-to-marketing routines. In the next few days I will
schedule an update on SMUD and perhaps we could spend a few minutes
discussing how to proceed with this.

Joe

---------------------- Forwarded by Joseph Hrgovcic/HOU/ECT on 10/26/2000
12:55 PM ---------------------------
Please respond to dchang@aer.com
To: Joseph.Hrgovcic@enron.com
cc:
Subject: Re: "White Paper"

Dr. Hrgovcic,

We look forward to your comments.

D. Chang

Joseph.Hrgovcic@enron.com wrote:
>
> Dr Chang,
>
>      Thank you for the white paper. I have distributed
> it to most of the parties concerned (the head of our research department is
> away this week) and am gathering feedback on how to proceed. I will be at a
> conference next week, but I hope to get back to you on the week of the
> 30th.
>
> Yours truly,
>
> Joseph Hrgovcic


Can you do the same thing with a different book id?  Instead of book counterparty FT-CAND-TERMIN, move any deals with the FT-TERMIN-GD book to the bankruptcy book from NG-Price.  Financial deals only.  Thanks.  Let me know if you need any further clarification, should be the exact same script as yesterday, just substitute FT_TERMIN-GD for the two books you were looking for yesterday.
PL

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Wednesday, January 30, 2002 4:28 PM
To:	Love, Phillip M.
Cc:	Keiser, Kam; Gossett, Jeffrey C.; Giron, Darron C.; Lim, Francis S.
Subject:	RE: new script for moving books

Deal moves has been completed and retranslated.

Cecilia

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Wednesday, January 30, 2002 3:54 PM
To:	Cheung, Cecilia
Subject:	RE: new script for moving books

1. move to the appropriate book based on the logic - Canadian deal needs to go to CAD
2. should only have to change deals from NG-Price to bankruptcy (deals are not in any other book)
3. The Canadian logic deals will probably be in GJ and the US logic should be in NG
4. Financial only
5. Cutoff date 1/1/2002

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Wednesday, January 30, 2002 3:48 PM
To:	Love, Phillip M.
Cc:	Keiser, Kam; Gossett, Jeffrey C.; Giron, Darron C.; Lim, Francis S.
Subject:	FW: new script for moving books

These are interbook deals and I need to confirm the following:

1. Which Bankruptcy book you want to move the deals to? BANKRUPTCY (166660) or BANKRUPTCY-CAD (166762)?
2. Change the counterparty of the deals associated with FT-CAND-TERMIN (166764) or FT-CAND-GONE-PR (166767) from NG-PRICE(11360), ENA-FT-WT-SOCAL(108201), ENA-WT-CAL(105544) to Bankruptcy (166660 or 166762)?
3. Should we should NGGJ as the commodity instead of NG?
4. Financial deals only
5. Cutoff date 1-jan-2002

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, January 30, 2002 3:03 PM
To:	Cheung, Cecilia
Subject:	FW: new script for moving books

Those two counterparties could be currently  in NG-Price, ENA-WT-Socal, or ENA-WT-Cal, not just NG-Price.

Thanks

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Wednesday, January 30, 2002 3:01 PM
To:	Cheung, Cecilia
Cc:	Giron, Darron C.; Gossett, Jeffrey C.; Keiser, Kam
Subject:	new script for moving books

Please move the following book to book trades with Canada from NG-Price to Bankruptcy:
FT-Cand-Termin
Ft-Cand-Gone-PR

Pleae let me know when this is done, we are waiting to calc today on this.  Thanks.
PL


To all:
Counterparty: The New Power Company- all deals done by Sheetal Patel on 8/20/01
1)Deal Number: VX2365.1
-Credit reserve: $10,000
-Description: Enron sold Transco Zone 4 Basis swap of 3.7bcf ; Sept '01-Sept '05
2) Deal Number: VX2365.2
-Credit Reserve: $20,000
-Description: Enron sold SONAT Basis Swap of 11.5 bcf; Sept '01- Sept '05
3) Deal Number: VX2409.1
-Credit Reserve: $120,000
-Description: Enron sold NYMEX Swap of 5.1 bcf; Sept '01- April '04

Total Reserve= $150,000


I am meeting with the exterminator tomorrow a.m.  He said he would arrive
between 8-9 am, if he shows up more toward 9 I might not be back yet, if he
shows up more towards 8, 10:00 will probably be fine.


Your mom rocks!


For gas daily options it is Eric Sandberg and Lance Jordan


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
12:25 PM ---------------------------

	From:  Eloy Escobar @ ENRON                           11/06/2000 05:03 PM

To: Jennifer Fraser/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: November 6, 2000 Issue of Petroleum Refining Weekly.e

---------------------- Forwarded by Eloy Escobar/Corp/Enron on 11/06/2000
05:03 PM ---------------------------

"DigestNET" <DigestNET@mail.hydrocarbonpublishing.com> on 11/06/2000 03:49:28
PM
Please respond to <DigestNET@mail.hydrocarbonpublishing.com>
To: <DigestNET@mail.hydrocarbonpublishing.com>
cc:

Subject: November 6, 2000 Issue of Petroleum Refining Weekly.e

--
Regards,

Publication Department/DigestNET
Hydrocarbon Publishing Company

--

 - WK1106.pdf


Step I.

Romeo:   Please do Step 1 today, 10/4/00.

1.  Please change the confirmed noms to zero for all contracts that have be
nominated for period 1/1/00 thru 10/31/00 for the above meter.
2.  Change the allocation method to "Not Allocatable" effective 1/1/99.
3.  Please reallocate the meter for period 1/1/99 thru 10/31/00.
4.  Call me after the above tasks have been completed.

Step  II.

Sherlyn:  Please check the following tommorrow, 10/5/00.

1   Verify with Settlements that the zero BAV adjustment were received  for
all Contract Activities at Meter 986892 for period 1/1/99 thru 9/30/00.
2.  After verification is complete, please call me.

Step III.

Donna:  I will call you tomorrow, 10/5/00 to inform when you can make the
following changes:

1.  Change the meter # and DRN # at Facility # 501026.  This facility should
be Trade and Nom "YES".
2.  Change the meter # and DRN # at Facility # 515136.  This facility should
be Trade and Nom "No".
3.  After completion, please call me as well as Romeo (x-34544).

Step IV.

Romeo:   Upon receiving a call from Donna:

1.  Please make the appropriate changes or corrections in POPs System for the
Facility Changes made by Global Facilities Dept.  My understanding is that
these changes can not be done automatically.
2.  Upon completion, please call me.

Step V.

Jackie:

1.  Tomorrow, 10/05 /00, after I am informed that Romeo has made his changes,
I will let you know and you may begin scheduling Meter #0980439 which is the
meter replacing #0986892.
2.  After completion, please let me know.

********

Gary:

This could create some problems for Gas Control, because all confirmed
volumes will be zeroed including October, 2000 activities at meter 986892
today (10/4/00).   This should correct itself within 24 thru 48 hours at
meter #980439.

Daren:

This could also create some issues for you, but remember, these issues should
clear within 24 to 48 hours.

Victor:

This is just for your information, since this should not create and changes
for you.

IF ANYONE HAS ANY QUESTIONS, PLEASE FEEL FREE TO CALL ME AT X-3665O.

THANKS, CLEM


Start Date: 4/1/01; HourAhead hour: 24;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040124.txt
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: Crawler lifetime exceeded.
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database


We would like to get together @ Amy's this Friday (8/3) around 7:00 pm for dinner and drinks to wish her farewell.
Bring whatever you would like to drink - Amy is thinking about making Fajita's.

Please let me know if you will be able to join.

Directions: (from downtown)
3603 SW Comus St
phone (503) 293-9147

Take I-5 South
Take Capitol Hwy exit
bear to right off exit
Turn right on to Capitol Hwy
Cross over Barbur, next light make left onto  ?  (I can't read Amy's writing - she will need to clarify)
Stop sign take a right onto 35th
Pass Jackson Middle School, take the first Right

3rd house on the right


OK. You and I are the last ones to get the info....Here it is.
----- Forwarded by Jeff Dasovich/NA/Enron on 12/11/2000 02:20 PM -----

	Joseph Alamo
	12/11/2000 02:18 PM

		 To: Jeff Dasovich/NA/Enron
		 cc:
		 Subject: CONFERENCE CALL TOPIC

sorry!
---------------------- Forwarded by Joseph Alamo/NA/Enron on 12/11/2000 12:17
PM ---------------------------

Joseph Alamo
12/11/2000 10:23 AM
To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
cc: Lysa Akin/PDX/ECT@ECT, Marcia A Linton/NA/Enron@Enron, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: CONFERENCE CALL TOPIC

Please note:
On the attached, the subject topic of the referenced conference call should
have been:

"Utility Forward Contracting Proposal."

Sorry for any confusion;  all other call data remains the same.

Again, thanks in advance for your participation.

Joseph
---------------------- Forwarded by Joseph Alamo/NA/Enron on 12/11/2000 10:21
AM ---------------------------

Joseph Alamo
12/11/2000 10:02 AM
To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
cc: Lysa Akin/PDX/ECT@ECT, Marcia A Linton/NA/Enron@Enron, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: CONFERENCE CALL CONFIRMATION re: Data on Monthly Generation for SCE

On behalf of Enron Host Jeff Dasovich, please consider this confirmation
that a conference call has been arranged, on the above-referenced topic,
as noted below:

 Date:   Monday, December 11th
 Time:   3:00 PM PST
 Call-in number: 1-877-288-4427
 Participants' Code: 217756
 Host Code (Jeff) 501722

Thanks in advance for your participation.

Joseph
---------------------- Forwarded by Joseph Alamo/NA/Enron on 12/11/2000 09:58
AM ---------------------------
From: Jeff Dasovich on 12/11/2000 10:31 AM CST
Sent by: Jeff Dasovich
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Re: Data on Monthly Generation for SCE

Could you please set up a call and distribute to this list?  Topic:  utility
forward contracting proposal.  Time 3-4:30 pm PST.  Thanks very much.
----- Forwarded by Jeff Dasovich/NA/Enron on 12/11/2000 10:26 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/11/2000 10:20 AM

		 To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
		 cc: Richard Shapiro/NA/Enron@Enron, Joseph Alamo/NA/Enron@Enron
		 Subject: Re: Data on Monthly Generation for SCE

The votes have been counted (kidding), and the call will take place today at
3 PM PST.  Call-in number to follow.
----- Forwarded by Jeff Dasovich/NA/Enron on 12/11/2000 10:19 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/07/2000 12:13 PM

		 To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
		 cc: Richard Shapiro/NA/Enron@Enron
		 Subject: Re: Data on Monthly Generation for SCE

Folks:

The "subcommittee" I've referenced that's trying to come up with a solution
to California's train wreck is moving very quickly.  The group's shooting to
have a first cut at a "straw person" proposal sketched out by end of next
week.  The group's meeting on Tuesday to continue to bounce around ideas.

I'd like to try to have an internal call on Monday at either 10 AM (PST) or
3  PM (PST) to pin down at least a vaguely detailed conceptual framework that
I can propose to the subcommittee on Tuesday.  The agenda items for the
internal meeting are:

Finalize proposal for benchmark(s) for utility procurement.
Goal: increase utility willingness to enter into forward contracts by
replacing PUC after-the-fact "reasonableness" review with a benchmark. (Been
working the Portland desk on a "portfolio benchmark" concept.)

Determine our view of how to treat term contracts w.r.t. the PX credit, i.e.,
should those contracts be disclosed to the market, or should PUC keep them
confidential, calculate the PX credit behind closed doors, and publish the
credit ex poste?  The PX credit depends on the overall utility portfolio, not
just the PX price.

Let me know if 10 AM or 3 PM (PST) works better.

Harry:  I'll assume that you'll contact the folks from EES that need to
participate.

Best,
Jeff


Bill,  Per Mark Whitt's request, attached is our form dedicated reserves
purchase agreement.


It seems to me that this information leads one to conclude that the value of
an open transmission network is that California does not have to build 5,000
MW of power plant (4,500 MW max input + 10%) in state.  In other words, if
California were to disconnect from the grid, someone would have to build
additional power plants in-state.

The cost to California consumers is therefore the annual carrying cost of 10
500 MW plants (made even more expensive after California expropriates the
current fleet of merchant generation).

From the perspective of the remainder of the West, the question still remains
- if California does go it alone, what is the economic impact?  Other than
legal arguments about Interstate Commerce, why should the Federal Government
want to continue to pursue open acess?  This is the hard question that we
need to answer.

Jim

	Alan Comnes@ECT
	02/27/2001 09:40 PM

		 To: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: Susan J Mara/NA/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT
		 Subject: Cost of Protectionism

Jim, Jeff:

Jim asked me in a voice mail what would be the cost to California of moving
from the current (evolving) system of open access to a "protectionist"
environment where access to the grid would be determined by a political body
responding to populist pressures.

Here are some things to consider.  We can talk more and I welcome Sue Mara or
Steve Walton's input:

California is a net importer so any restraint of trade would risk the state
being able to meet its own demand.  See attached slides that show PNW-CA
trade.  Even in the winter, power on a net basis flows south.

Limiting open access would primarily act to hold in-state generators hostage.
 this will kill incentives for new investment

If the ISO's proposal for market power mitigation are any guide of where a
protectionist ISO would go:
 in-state generators would be required to sell forward or lose their market
based rate certificates
 load serving entities would be required to contract forward for load and a
reserve margin.
  This is costly: it will lead to centralized planning solutions to
reliability rather than more efficient market     outcomes
 Artifical notions of "just and reasonable" rates (on top of unreasonable
reserve requirements) would lead to severe   reliability problems.  (In other
words, if Steve Peace has his way, the imports into the state will drop
off     signficanly)

There is no reason the state would be more effective at expanding the grid
(e.g., Path 15) than the current system.  (Although, admittedly the current
system has flaws.  The CAISO was set up with little thought to transmission
expansion planning.  Other RTOs are not repeating this mistake.).


I will be out of the office tomorrow morning.  I will return around lunch
time.

If you need anything while I am out you may call my backup, Stacey
Richardson.
If Stacey is unavailable, then please contact Linda Bryan or Sylvia Campos.


Tori:

Can you please review the attached term sheet and give me your approval or
thoughts.


Everyone, revised contracts from Enron.

Mike - both contracts now attached with the updated clause. Dan stated he
does not need to re sign the assignment. If you need clarification please
contact Dan directly. Based on this Enron is done.

Kelvin, the agreement you need to print off is 2001-023acrfm.doc

Now it is up the the lawyers to get the documents signed at BP and Gulf.

Please advise Jim Pearson or myself once all agreements are signed and we
can start flowing AOS via BP

Thanks,
------
Bruce Kohrs
Phone: (403)205-7684
Fax: (403)266-1947
e-mail:bruce_kohrs@keyspancanada.com
----- Forwarded by Bruce Kohrs/Keyspan/ca on 04/09/2001 10:31 AM -----

                    Grant.Oh@enro
                    n.com                To:     bruce_kohrs@keyspancanada.com
                                         cc:
                    04/09/2001           Subject:     Crestar confirmations
                    10:26 AM

---------------------- Forwarded by Grant Oh/CAL/ECT on 04/09/2001 11:25 AM
---------------------------

Dan J Hyvl
04/09/2001 11:01 AM

To:   Grant Oh/CAL/ECT@ECT
cc:   Ellen Wallumrod/NA/Enron@ENRON
Subject:  Crestar confirmations

Grant,
     Bruce called to say the language is okay.  Hunter also confirmed the
language.  Please print out the attached confirms and forward them to
Crestar.  Hopefully this is the last time.

(See attached file: 2001-023crfm.doc)(See attached file: 2001-023acrfm.doc)

(See attached file: 2001-023crfm.doc)(See attached file: 2001-023acrfm.doc)

 - 2001-023crfm.doc
 - 2001-023acrfm.doc


I am sorry that I will not be able to join you tonight for dinner and to hear
Julie Andrews speak.   Tonight is the induction ceremony for the high school
drill team members for next year, with parents being introduced as well as
our daughters.  So the place that I most need to be tonight is at Klein High
School with Meagan.

Thanks to Mary for arranging the dinner.  I hope that all of you enjoy the
evening.

The final speaker in the series is Jane Goodall, and that will be next
Tuesday, May 16.  Please let me know if you have any suggestions for a spot
for dinner.   That night is Meagan's 16th birthday, so I have asked her to be
my guest that evening for dinnner and the lecture.  I can't think of a better
idea for this birthday than to expose her to a group of very bright,
motivated women!     I will look forward to introducing her to those of you
whom she has not yet met.


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Good evening!
Here is your Money Mail for Wednesday, June 6.

BUZZ AT THE BELL
A day after upbeat profit forecasts lifted stocks, a couple
of earnings warnings knocked them back down. J.P. Morgan
Chase and Hewlett-Packard -- two members of the Dow Jones
industrials -- both projected difficult business conditions
in the quarters ahead.

J.P Morgan Chase fell 3.4 percent after warning of lower
trading revenue, and H-P shares dipped 4.5 percent after
the company said the global technology slowdown could
persist for some time. Other financial and computer stocks
fell in sympathy.

Their losses helped drag the Dow down 106, or 0.9 percent,
to 11,070. More broadly, the Nasdaq Composite fell 16 to
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Fewer than a third of S&P industry groups posted gains
Wednesday, and those that rose generally advanced 2 percent
or less. Health care companies, defense stocks,
consumer-products makers and electronics retailers did best.

Scott Gerlach
Managing Editor, CNBC.com

MAJOR INDEXES AND VOLUMES
* Dow Jones Industrials: 11,070.24, down 105.60 or 0.94%
* Dow Jones Transports: 2,898.39, down 19.03 or 0.65%
* Dow Jones Utilities: 372.65, down 9.06 or 2.37%
* S&P 500: 1,270.03, down 13.54 or 1.05%
* NASDAQ Composite Index: 2,217.73, down 15.93 or 0.71%
* Russell 2000: 512.58, down 3.90 or 0.76%
* FTSE: 5,920.00, up 437.70 or 7.98%
* NIKKEI: 13,174.84, down 7.16 or 0.05%
* Ten-Year Treasury Note Yield: 5.28, down 0.01 or 0.19%

* NYSE volume (preliminary): 1.06 billion shares
* Nasdaq volume (preliminary): 1.76 billion shares

* To see our complete U.S. index list,
http://www.cnbc.com/news/markets/world.html?ReferrerID=MM

SCOUTING REPORT: THURSDAY
Consumer credit, jobless claims, wholesale inventories.
Think you can find trading inspiration in any of these
economic reports? Probably not. Just keep your eyes peeled
for profit warnings -- second-quarter confessions have only
just begun.

ECONOMIC CALENDAR:
*Consumer credit for April, forecast: +$10 billion
*Weekly jobless claims, forecast: 430,000
*Wholesale inventories for April, forecast: -0.1 percent

STOCKS
* Envision the Tech Rebound *
Investors should worry more about predicting the evolution
of tech than market timing.
http://www.cnbc.com/010606plotkin-stocks.html?ReferrerID=MM

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The stock market still has a bullish technical outlook.
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Shelley, FYI. I thought I would pass this on to you.  This was the gentlemen from Italy that
	we spent time with a couple of weeks ago.  Thanks. Lynn

 -----Original Message-----
From: 	"Mauro Formaggio" <MFORMAGGIO@autorita.energia.it>@ENRON [mailto:IMCEANOTES-+22Mauro+20Formaggio+22+20+3CMFORMAGGIO+40autorita+2Eenergia+2Eit+3E+40ENRON@ENRON.com]
Sent:	Thursday, September 13, 2001 4:08 AM
To:	gblair@enron.com
Subject:	In sign of Solidarirty

Dear Lynn,
let me express my deep sorrow for the tragedy that occurred to your Country.
With the wish that those who are responsible for the cowardly attacks be soon discovered and punished. At stake is Liberty, for all of us.
God Bless America
Mauro Formaggio


Thanks Lou--looks good.  Given the amount of $$ we've spent the last 2 years
on this I hope we can hold them to this deal.  DF

05/03/2000 04:18 PM
Louis Soldano
Louis Soldano
Louis Soldano
05/03/2000 04:18 PM
05/03/2000 04:18 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: PG&E draft 2 for your review

drew - fyi....
---------------------- Forwarded by Louis Soldano/ET&S/Enron on 05/03/2000
04:15 PM ---------------------------

05/03/2000 04:12 PM
Louis Soldano
Louis Soldano
Louis Soldano
05/03/2000 04:12 PM
05/03/2000 04:12 PM
To: Michel Nelson/ET&S/Enron@ENRON
cc: Judy Kudym/ET&S/Enron@ENRON

Subject: Re: PG&E draft 2 for your review

Mike - just a few suggestions - very nicely done!

	From:  Michel Nelson                           05/01/2000 04:16 PM

To: Louis Soldano/ET&S/Enron@ENRON
cc:

Subject: PG&E draft 2 for your review


Following please find the Daily EnronOnline Executive Summary.


Kay

I'm looking forward to working with you on this.  I wonder who opposing
inhouse counsel is at TECO?

KSC

> -----Original Message-----
> From: Keffer, John
> Sent: Tuesday, May 22, 2001 5:17 PM
> To: C. Kay Mann (E-mail)
> Cc: Culotta, Kenneth
> Subject: Tampa Electric
>
> Kay-we have no conflict with Tampa Electric.  Gracias

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jporte1@columbiaenergygroup.com on 08/18/2000 02:07:07 PM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: August 2000

Could you please send me and Doug the spreadsheet for Aug with CES' capacity?
thanks


Greg, I received the list of players on the PG&E side today from Glynn's
office.  I called Mark Haedicke to give him the rundown, and he feels
comfortable with you and Jeff attending the meeting alone.  As Jeff will be
arriving in Dallas from San Francisco, you will need to get yourself to
Dallas; however, we will add your name to the manifest for the return to
Houston unless we hear otherwise from you.

Below are the details as we know them now:

Date:  Friday, June 22
Time:  12:30 p.m.-2:30 p.m.
Location: 100 Crescent Court, 6th Floor (Wasserstein's offices), Dallas
PG&E players: Bob Glynn, Chairman & CEO, PG&E Corp.
  Gordon Smith, President & CEO, PG&E utility
  Fong Wan, VP, Risk Initiatives, PG&E Corp.
  Ken Beckfire, Wasserstein
  Joe Sauvage, Investment Advisor, Lehman Bros.
ENE players: Jeff Skilling
  Greg Whalley

As new details become available, we'll pass them to you right away.  SRS


Sorry, I forgot to answer your last question.  I think its fine to send the
documents out to Hanover.  Even if some of the blanks are not filled in, we
can get their lawyers looking at the structure.  DF

	From:  Michel Nelson                           02/11/2000 11:31 AM

To: Drew Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON
cc: Charlie Graham/ET&S/Enron@ENRON

Subject: Hanover / TW Compression Monetization

Drew - Do I need some kind of confidentiality agreement? An attorney present
to discuss at first meeting?

MKM - One questions Jim Gill had was how do we get around FERC requirements -
someone from Regulatory available to discuss at first meeting or.....?

Although we believe the operating agreement and other details are in order, I
hadn't just planned to send them as is to Hanover. Some counseling may be in
order here, as I'm moving into new territory for me......

---------------------- Forwarded by Michel Nelson/ET&S/Enron on 02/11/2000
11:27 AM ---------------------------

	From:  Michel Nelson                           02/11/2000 11:11 AM

To: Charlie Graham/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON

Subject: Hanover / TW Compression Monetization

Charlie -

Talked to Jim Gill with Hanover

jgill@hanover-co.com

Hanover Co
12001 N Houston Rosslyn
Houston
TX
77086

phone 281 405 5174

Per your previous conversation:
1. send equipment list - engine /comp models plus aux equipment

2. face to face meeting - Houston Feb 23 or 24 ( monetization team? )

* discuss equipment - operations (swing or continuous)
* jurisdictional / FERC issues

3. 3+- day station tour with Hanover VP of Ops

*site review
* very basic due diligence

4. re-group to:

*discuss issues
*financials
*agreement

Comments / questions......

Mike

---------------------- Forwarded by Michel Nelson/ET&S/Enron on 02/11/2000
10:58 AM ---------------------------

	From:  Charlie Graham                           02/10/2000 04:43 PM

To: Michel Nelson/ET&S/Enron@ENRON
cc:

Subject: Hanover!

Mike,

Talked to Jim Gill at 4:30 pm.  They are very interested.  He proposed the
following steps:

1)  Send him an equipment list.  I think the Description and Location
Schedule 1.1 from the P&S Agreement would more than suffice.

2)  He would like to visit the stations with the Hanover V.P. of Operations
and one other person.  (He indicated 3 total.)  A quasi due diligence look at
the condition of the facilities.  He would like access to records etc. during
his visit.

3)  We could set down and talk "financials" after that.

He did not seemed surprised that I did not have good station plot plans to
supplement the equipment list.  I will get a package together tomorrow.
[Forgot to get his address. dah!]

I conjectured that you would want to discuss this with him further tomorrow.
He said he would be in all day.

Charlie


I hope we didn't pay them on the unwind!!

 -----Original Message-----
From: 	Lavorato, John
Sent:	Thursday, October 25, 2001 3:01 PM
To:	Bradford, William S.; McMahon, Jeffrey; Kitchen, Louise
Subject:	FW:

 -----Original Message-----
From: 	Arnold, John
Sent:	Thursday, October 25, 2001 2:36 PM
To:	Lavorato, John
Subject:

spinnaker, one of fred's customer's , unwound a hedge today because they dont want exposure to us.


FYI
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/11/99 05:03
PM ---------------------------

Barton Clark
10/11/99 04:04 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Underwriting Review of Catalytica Transaction, including Spark
Spread Derivative

Brad Nebergall advises he has not sought formal approval of the Catalytica
transaction because it is too early to know for sure that we have a deal (
ie, we still do not have GE's reaction to the latest draft Xonon
Implementation Agreement and, as we discussed, we will still need to get the
Option Repurchase Agreement blessed by Catalytica's auditors). Brad said,
however, that he has met twice with underwriting on the transaction, and that
Dave Delaney is in "general agreement" with the deal "in concept". I hope
that addresses your inquiry, and I'll update you when (and if) we move to the
next stage.


i almost sent you that one.  that is hilarious.  that is what i dressed up as
one year for halloween.


I have encountered the following problems calcing at home.

1.  On my Portcalc screen, everything was very tiny.  It worked but I know I
couldn't copy a post id because I wouldn't be able to see the new number.

2.  I wanted to look at my curves last night and they opened up with errors.
Basically it's like opening up the curves on a machine without the correct
drivers.  Seems like we need to put those drivers on the network and maybe
upgrade it to Oracle 8i too.

3.  I don't know how we can change the printer to print at home.  Only
concern here is if we are offsite and have a local printer (will we be able
to put that printer on the network?).

That's all I can think of right now.

Any suggestions?

Dave


Thanks.

 -----Original Message-----
From: 	Forster, David
Sent:	Wednesday, November 14, 2001 7:54 AM
To:	Steffes, James D.
Cc:	Curry, Mike; Robinson, Mitch; Gilbert-smith, Doug
Subject:	RE: Merger Analysis - ERCOT Market Share

Earlier this year, Enron filed an application for a Presidential Permit to build a 300 MW HVDC tie between Ercot and Mexico in the Brownsville area. The Permit has not yet been issued.

If the Permit is issued (as we expect), then the earliest construction could start would be sometime in the first quarter of next year.

I you need any further information, please let me know.

Dave

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, November 14, 2001 7:48 AM
To:	May, Tom; Forster, David; Tricoli, Carl
Subject:	FW: Merger Analysis - ERCOT Market Share
Importance:	High

We are trying to identify assets and contracted positions that Enron will either own or control in ERCOT to process the PUCT merger analysis.

If you have any information on existing or planned assets or positions please let me know.  If you want to discuss, please feel free to call me at 3x7673.

Thanks.

Jim

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, November 13, 2001 3:03 PM
To:	Nicolay, Christi L.; Gilbert-smith, Doug; Ward, Charles; Portz, David
Cc:	Shapiro, Richard
Subject:	Merger Analysis - ERCOT Market Share
Importance:	High

I am trying to identify generation assets owned and/or controlled in ERCOT by Enron and its affiliates.

The information I have been provided is that Enron only has Ponderosa Pine Energy Partners LTD - 263 MW.  Is this correct?

Do we have any long-term capacity over the DC Tie?
Do we have any construction in progress?
Any other positions (e.g., Capacity Auction) that may be considered by the PUCT in the merger?

Is there anyone else I should talk with about this information?

Thanks,

Jim


Weehaukan fax # is on the form, but here it is again:  201-558-4622
Thanks

Notice Regarding Entry of Orders and Instructions: Please
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 - W81.pdf
 - W9_ENRON.pdf
 - Wire_Request_ENRON.pdf


Boo!

Mary's address is

Rt 1 Box 315
Alto, TX  75949


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/08/2001
09:03 AM ---------------------------

VKaminski@aol.com on 03/07/2001 11:00:43 PM
To: vkamins@enron.com
cc: isranir@rice.edu, demianen@rice.edu, tbal93@yahoo.com, maue@rice.edu,
loughrid@rice.edu, jblantonjr@yahoo.com, gjohnson@rice.edu,
emchombo@rice.edu, nazareth@rice.edu, vanstone@rice.edu, ganguzza@rice.edu,
nelsonb@rice.edu, sssmith@rice.edu, wheelock@rice.edu, westmore@rice.edu,
gaudette@rice.edu, otaylor@rice.edu, dikeman@rice.edu, jettke@rice.edu,
litton@rice.edu, chilkina@rice.edu, helms@rice.edu, wankhade@rice.edu,
monfan@rice.edu, kostya@rice.edu, pcp@rice.edu, yueguo@rice.edu,
nlwbio@rice.edu, zhangn@rice.edu, rishad@rice.edu, yoshiura@rice.edu,
howard@rice.edu, dayangd@rice.edu, wuwei@rice.edu, so@rice.edu
Subject: Class 1

I am sending the slides for the Class 1. I kindly ask you not to copy and
distribute this document. This is for your exclusive use only.

Vince Kaminski

 - rice01f.ppt


I'll be here.  Sara


missing deals for bob

sell ees
43.55
25 m,w
cal 03
sp 15
off

buy duke
43.50
25 mw
cal 03
sp15
off

also i am missing deals for bob for apb, i did not get the specifics yet, i
figured he has not put his deals in yet!

thanks


I rolled 740208, 740209,740210 and 740235 into June.  ENA is dealing with Guadalupe on deals 819592,819594,819596 and 819598.  We are backing these deals with AEP deals ... 819593,819595,819597 and 819599.  There were three George Smith's in the system so please let him know these deal numbers.

Dave


Please find attached the Q1, Q2, Q3  and Q4 Nymex prices together with the PX
prices for Q1 and Q2.
Thanks
Alex


Bart:

This is Fred.  I am working on Kathleen's computer to facilitate easy Livelink access.

It appears that an Unconditional Guarantee Agreement was executed between the City of Deerfield and DBEC, L.L.C. prior to the execution of the Agreement Related to The Use and Development of Real Property (dated June 29, 2001).  We do not have a copy of the executed version of the Guarantee Agreement, but Greenberg & Traurig should have one.

The Guarantee Agreement obligates DBEC to make a non-refundable payment on or before 9/30/01 (this payment was made) and a second payment of $1,000,000 "subsequent to DBEC's application but prior to its receipt of the first building permit or engineering work permit for the Facility".

Kay has more detailed knowledge of this Guarantee and other Deerfield and Pompano documents through her role in the development of these projects.  Please call her for specific information on project Agreements.

Call Kathleen or I if we can help in this process.

Fred


FYI.  Talking tomorrow am is fine.  I have a 900 conference call on another
matter; otherwise, I'm open.

---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2000 04:58
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           06/06/2000 04:39 PM

To: Jeff Blumenthal/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Irvin/HOU/ECT@ECT
cc:

Subject: Vitro termination agreement

I've made some changes, which I thought I would circulate internally for
comment before sending to GE.

I left Jeff Smith a voice mail asking how the initial payment is supposed to
be split between the on and offshore contracts since this document references
payments to both.

Comments?

Kay


Paul S. Aronzon
213-892-4377 (W)
213-629-5063 (F)

Jeffrey Barist
212-530-5115 (W)
212-530-5219 (F)

Michael H. Diamond
213-892-4500 (W)
213-892-4700 (F)

Doug Dunn
212-530-5062

Mel Immergut
212-530-5730


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Sally - here's the answer I got on office space in the new building.  It
sounds like we will have a say in the matter.  I would hope that you would
want and would get a representative on whatever committee is established.
Please let me know if you need anything else related to this matter.

Lisa
x3-6343
---------------------- Forwarded by Lisa B Cousino/HOU/ECT on 04/24/2000
04:47 PM ---------------------------

Dorothy Barnes@ENRON
04/24/2000 02:21 PM
To: Lisa B Cousino/HOU/ECT@ECT
cc:
Subject: Re: Question re new building

Lisa, I am forwarding Bill Donovan's answer to your question about who gets
private offices in the new building.

Thanks.

Dorothy

---------------------- Forwarded by Dorothy Barnes/Corp/Enron on 04/24/2000
02:22 PM ---------------------------

	Corporate Administrative Services

	From:  Bill Donovan @ ECT                           04/24/2000 01:42 PM

To: Dorothy Barnes/Corp/Enron@ENRON
cc:

Subject: Re: Question re new building

Dorothy -

Please advise Lisa that our expectation is that each Business Unit will
largely have the final say in establishing office space standards for their
workforce (as is the case today) .

Corporate may intercede only to the point that a Business Unit fails to
design to a sufficient density (average sq. ft. per workplace) and does not
meet minimum.  Hard policy has not been set but we expect to gain consensus
from Enron's Executive Committee before detailed space planning begins.

- Bill