See attached summary for some excellent FERC decisions thanks to regulatory
affairs in Houston and D.C.  Given that FERC appears to be applying some of
these decisions to all utilities in these regions, I would assume we could
argue that the FERC requirements should apply in the West too.
---------------------- Forwarded by Mary Hain/HOU/ECT on 11/10/2000 01:48 PM
---------------------------
To: Richard Shapiro/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Jeff Brown/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT,
Ben Jacoby/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mike J
Miller/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Debbie
Chance/Corp/Enron@Enron, Patrick Hanse/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Edward D Baughman/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Tom Hoatson/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Bill
Moore/NA/Enron@Enron, Robin Kittel/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT, Charles Yeung/HOU/ECT@ECT,
Shelley Corman/ET&S/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Lloyd
Will/HOU/ECT@ECT, Maria Valdes/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Bob
Carter/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Sheila Tweed/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Kerry Stroup/DUB/EES@EES, Greg
Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, David L
Fairley/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Steve
Krimsky/Corp/Enron@Enron, Richard Lydecker/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Fred Mitro/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Reagan
Rorschach/NA/Enron@Enron, John Berger/HOU/EES@EES, Alan Larsen/PDX/ECT@ECT,
Rusty Stevens/Corp/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Mathew
Gimble/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Michelle Zhang/HOU/ECT@ECT,
Susan M Landwehr/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Joe Connor/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron,
Robin Kittel/NA/Enron@Enron, Karen E Carter/NA/Enron@Enron, Chris
Booth/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, ray.hoppe@enron.com, george.mccormick@enron.com,
wjennin@enron.com, joseph.wagner@enron.com, elizabeth.johnston@enron.com,
bill.rust@enron.com, Kevin M Presto/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT,
George Hopley/HOU/ECT@ect, Fletcher J Sturm/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Mike
Carson/Corp/Enron@Enron, Kyle Schultz/HOU/ECT@ECT, Eric
Saibi/Corp/Enron@ENRON, Grace Kim/NA/Enron@Enron, Laura
Podurgiel/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron
Subject: FERC Staff Investigations on Midwest and Southeast Bulk Power Systems

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


This deal was unwound with a paper ticket.  Trader did not mean to ok the
deal in EOL.  No way to kill EOL deal without booking.
PL


Obviously, you haven't lost your touch!

	Justin Boyd
	09/25/2000 11:35 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Barclays Guarantee and requested Amendment Agreement

...and what a cracker of a document it was!

j

From: Tana Jones on 25/09/2000 11:31 CDT
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Re: Barclays Guarantee and requested Amendment Agreement

I hope you're OK?!   You probably don't remember (especially after getting
hit by that polo ball!), but Barclays is one you negotiated on your
secondment here oh so many years ago.

It's always good to hear from you...

	Justin Boyd
	09/25/2000 11:11 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Barclays Guarantee and requested Amendment Agreement

thanks tana!

j

ps. i got hit by a polo ball on saturday!

Matthew Dawson
25/09/2000 17:04
To: Tana Jones/HOU/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT

Subject: Re: Barclays Guarantee and requested Amendment Agreement

Hi tana

We have recently negotiated and signed an Isda with Barclays Bank ,(ECTRIC
being the Enron Entity) which included some additional clauses in the
Schedule( regarding Enron online trading) which Barclays want to include in
the already existing ISDA  between ENA and Barclays. The details and The
suggested Amendment  Agreement are included below. Please could you take a
look at this  wording.The clauses are identical to those that we have argeed
in the latest Isda.

Good to speak to you this afternoon and I will let you know how Edmund is
doing.

Regards

Matt D
---------------------- Forwarded by Matthew Dawson/LON/ECT on 25/09/2000
16:21 ---------------------------

Justin Boyd
25/09/2000 15:53
To: Matthew Dawson/LON/ECT@ECT
cc:

Subject: Re: Barclays Guarantee and requested Amendment Agreement

matt

 you will need to pass this by tana jones in the US for approval

j

Matthew Dawson
25/09/2000 15:03
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Barclays Guarantee and requested Amendment Agreement

 Hi  Justin,

Just to let you know the Guarantee arrived from Houston this morning. I have
sent it on to Leigh. Also she requested that we amend the other Existing ISDA
Master Agreement Barclays has with Enron North America, dated 13 Jan 1994 to
include the Part 5(h) and(o)  wording dealing with  Procedures for entering
into Transactions(Online and others), and also the Part 6 wording dealing
with Additional Provisions for Commodity Derivatives Transactions.

I attatch her proposed amendment agreement. The wording of the clauses is
identical to that which was agreed in the ECTRIC  Master that has just been
signed, although the numbering of Part 5 (o) differs in the recent Isda with
ECTRIC. Barclays cannot trade with ENA until the Isda has been amended.  Are
we able to accommodate the   agreement?


---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
10/19/2000 10:46 AM ---------------------------

mggagliardi@duke-energy.com on 10/19/2000 07:20:02 AM

To:   DGagliardi@reliantenergy.com, David_Ricks@GSDM.com,
Tony.A.Rogers@fritolay.com
cc:

Subject:  True Orange Fax/E-Mail #99

---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 10/19/2000 07:29 AM
---------------------------

TruOrange@aol.com on 10/18/2000 09:53:50 PM

To:   TruOrange@aol.com
cc:
Subject:  True Orange Fax/E-Mail #99

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #99, Wednesday, October 18, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

UT Gets Heralded Point Guard; Horn FB Team Battling Bruises

T. J. Ford, the 5-11, 165-pound point guard who was recruited by schools
all
over the country, picked Texas Wednesday, saying he wants to play
basketball
for coach Rick Barnes and the Longhorns.
Ford, who led Fort Bend Willowridge to a 36-1 season and the state Class 5A
Championship last year,  probably is the most heralded basketball recruit
in
Longhorn history. He is rated as one of the nation's top 25 players and is
one of the top two or three point guards.
He had offers from schools all over the nation, but wound up deciding
between
Texas, Louisville, Memphis State and Houston.
I saw Ford at the State Basketball Tournament last year. He is as quick as
any player I have seen. He can run faster dribbling the ball than anyone I
have seen at the high school level. He can dunk the ball easily, too. He
averaged 9.1 points, 9.3 assists, 5-1, rebounds and 4.8 steals for
Willowridge last season.
He is great at everything except shooting, and that won't bother Barnes,
who
likes point guards who are more interested in distributing the ball than in
their shooting opportunities. Distributing the ball is what Ford does as
well
as any point guard in the country.
He had a press conference Wednesday  to announce his decision to play
basketball for the Longhorns.
"I'm excited to have a chance to play for coach Barnes and the Longhorns,"
he
said. "I just felt like Texas was the best place for me. I have a great
relationship with coach Barnes and the other Texas coaches and I'm looking
forward to it."
But first, Ford said he hopes he can help Willowridge win another state
title. "We have four guys back who started last year," he said. The team
lost
6-8 center Ivan McFarlin, who signed with Oklahoma State, but Ford said the
Eagles have another good inside player to replace him.
The Longhorns have only two scholarships to award this year and Chris
Wright,
a  6-10 center at Redwater, committed last year.  So, unless some
underclassman leaves the team, Ford's commitment wraps up recruiting. Both
Ford and Wright plan to sign on Nov. 8, the first day of the early signing
period.
* * * *
The Longhorns finally got in a full-scale practice Wednesday after being
driven indoors by lightning Tuesday..
Coach Mack Brown said he and the other coaches have stressed to the team
this
week the importance of playing good games back to back.
"We've proved we can play well after a loss," he said. "We need to prove we
can play well after a win. We've been a team that never knows who's going
to
show up, and we need to start showing up every week."
Brown said he told the players they can beat everybody left on the schedule
or lose to everybody left on the schedule, depending on how hard they work
and how hard they play.
He said injuries are a problem, particularly at defensive tackle. "Casey
Hampton is the only one who is healthy," he said. "Shaun Rogers will play,
but his ankle is still sore. Ryan Haywood has a sore shoulder and Stevie
Lee
is still out with his foot injury."
He said he still hopes to redshirt Adam Doiron, but said, "We might have to
play him this week. We're really thin at defensive tackle. Doiron is a true
freshman from Duncan, Okla.
* * * *
The Longhorns are a 21-point favorite over Missouri.
* * * *
QB Chris Simms said Tuesday he might redshirt next season, but said he has
no
plans to transfer after losing the starting job to Major Applewhite. Simms
played last year as a true freshman and he could have two years left after
Applewhite graduates if he redshirts next season. If  he redshirts, current
freshman QB Chance Mock would back up Applewhite.
* * * *
FOOTBALL RECRUITING  NOTES: With 19 early commitments, the Longhorns
probably
will sign six to eight more prospects. They can take at least 26 players
because punter Brian Bradford of Trinity Valley JC will enroll in January
and
can be counted against last year's class total. . . TE James Moses and DE
Jonathan Jackson, the two Galena Park North Shore stars the Horns are
recruiting, say they plan to come to the Missouri game this weekend.
* * * *
My next fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number ? 1-900-288-8839 ? frequently with recruiting news. My E-Mail
address is: truorange@aol.com


---------------------- Forwarded by Gary Stevens-GL-1/PGI on 09/14/2001 09:42 AM
---------------------------

 Internet Mail Message
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From: "Linda Kisler" <LKisler@mpsomaha.org> on 09/13/2001 03:58 PM GMT

         "Linda Kisler"           To:   LAKESIDEBODY@aol.com,
 <LKisler@mpsomaha.org>        SBarn962@aol.com,
                               jerry.gondringer@bryanlgh.org,
                               slkisler@earthlink.net,
    09/13/2001 10:58 AM        ssimchuk@earthlink.net,
                               pwiseman@ix.netcom.com, Gary
                               Stevens-GL-1/PGI, mkswanson@uswest.net
                                  Cc:
                          Subject:      Fwd: Fw: Attack on America

See attachment

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<RobRas13@aol.com>,        "JOE POMERANZ" <JPomera255@aol.com>,        "LOU &
CAROLE" <babyjock@nntc.net>,        "LINDA KISLER"
<lkisler@millard.esu3.k12.ne.us>,        "SCOTT JORGENSEN" <sjorg@msn.com>,
"BOB JACOBS" <bob@personnelsafety.com>,        "BOB HARDIN"
<door.man@kconline.com>, "JOHN HAMM" <Jhamm12322@aol.com>,        "KRISTIN
GROFF" <KGroff@streck.com>,        "LEANNE EGGERS" <cleggers@gpcom.net>,
"JOYCE EDWARDS" <JOYCE.EDWARDS@worldnet.att.net>,        "GREG EASTER"
<greg@zeemedicalinc.com>,        "AL DOTHAGE" <dothage1@aol.com>, "MICK
D'AGOSTA" <megahub@aol.com>,        "LINDA CIOCHON-LICHTER" <lciochon@home.com>,
"RACHEL ANDERSEN" <randr1010@home.com>,        "Jody Adams-Forte"
<jody@zeemedicalinc.com>
Subject: Fw: Attack on America
Date: Thu, 13 Sep 2001 10:29:49 -0500
MIME-Version: 1.0
Content-Type: multipart/mixed;     boundary="
----=_NextPart_000_00BC_01C13C3F.046AD140"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.50.4522.1200
X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4522.1200

----- Original Message -----
From: "Cher Gfeller" <cherm@ix.netcom.com>
To: "Cher Gfeller" <cherm@ix.netcom.com>
Sent: Wednesday, September 12, 2001 5:51 PM
Subject: Fw: Attack on America

>
> ----- Original Message -----
> From: "Boyce, Tracy A (Tracy)" <tboyce@avaya.com>
> To: "Kohls, Alberta Rohde (Alberta)" <akohls@avaya.com>; "Hatfield,
> Catherine Lynn (Catherine)" <clhatfield@avaya.com>; "Simpson, K Lorraine
> (Lorraine)" <klsimpson@avaya.com>; "Blackwell, Scott M (Scott)"
> <sblackwell@avaya.com>; "Wilde, Tara J (Tara)" <tjwilde@avaya.com>;
"Alisha
> Young" <alyoung@avaya.com>; "Brad" <RELLIMB@aol.com>; "Charla"
> <cshurter@hotmail.com>; "Cher" <cherm@ix.netcom.com>; "Dave Wieseler"
> <dgwieseler@lucent.com>; "Diane Nicholson" <drnicholson@avaya.com>;
"Donna"
> <dlcollins@qwest.net>; "Gary" <garyo@mail.clarkbros.com>; "Jason Reiff"
> <jreiff@avaya.com>; "John&Gretchen" <gfeller@prodigy.net>; "Mitchell"
> <acmitchell4@home.com>; "Paul Nicholson" <penicholson@avaya.com>; "Ricky
> Lamb" <rllamb@avaya.com>; "Robert Kuhr" <kuhr@avaya.com>; "Sherrie Mclain"
> <smclain@avaya.com>; "Steve" <rmsa1@uswest.net>; "Tammy Nickerson"
> <nickersont@avaya.com>; "Terry work" <I80partsterry@aol.com>
> Sent: Wednesday, September 12, 2001 2:08 PM
> Subject: FW: Attack on America
>
>
> So, So, sad.
>
>
> Subject: FW: Attack on America
>
>
> >
> >
> >
> >
> > How fast our self-involved little worlds can be exploded.....
> >
> >  <<attack.pps>>
> >
> >
> >
>
>

 - attack.pps


Vince,

Thanks for the update. If there is anything I can facilitate or bring more
info about Ming,
please let me know.

Zimin

Vince J Kaminski
05/22/2000 01:15 PM
To: Zimin Lu/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Ming Sit

Zimin,

Some feedback I have received on Ming.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/22/2000
01:17 PM ---------------------------

Pinnamaneni Krishnarao
05/22/2000 12:35 PM
To: Dennis Benevides/HOU/EES@EES
cc: Vince J Kaminski/HOU/ECT@ECT, Ronnie Chahal/HOU/EES@EES
Subject: Re: Ming Sit

Dennis:
 I talked to Ming for only short time and am concerned about the cons  Scott
mentioned. I would like to know what your assessment is like. Also, I would
like Vince, Ronnie & myself to talk to Ming over the phone. Can we call him
directly and talk to him? Please let me know how strongly you feel about
having him as a support person.

Thanks,
Krishna.
x35485

To: Pinnamaneni Krishnarao/HOU/ECT@ECT
cc:
Subject: Re: Ming Sit

Krisna:

Are you still interested in hiring Ming Sit, through the research group.  If
so, please proceed and assign him to support EES.  Please let me know if I
need to provide any information.

Thanks
Dennis
---------------------- Forwarded by Dennis Benevides/HOU/EES on 05/22/2000
09:43 AM ---------------------------

James W Lewis
05/21/2000 11:44 AM
To: Dennis Benevides/HOU/EES@EES
cc: Scott Stoness/HOU/EES@EES
Subject: Re: Ming Sit

I like DB's suggestion.  Let's do it.

	Enron Energy Services

	From:  Dennis Benevides                           05/19/2000 03:31 PM
	Phone No: 713 853-9609

To: Scott Stoness/HOU/EES@EES
cc: James W Lewis/HOU/EES@EES
Subject: Re: Ming Sit

Got a little scared at your first sentence I read "He is no replacement for
Jay but he could be for Dennis B .."??.

Anyway:

I think he would be a good fit withing the group.  Krisna has offered to hire
him in the research group, he has good programing background and is excited
about working for Enron instead of a Utility such as PacificCorp.  He
expressed interest in applying his skill to make $$$$.

I suggest bringing him in in research as a first alternative.  I see three
potential applications where we can use his skills to evaluate best longer
term fit:
Continuing Ronnie's model building role, but with a focus within Neil's group
to tie RM systems together
Bridge the lack of Phd Econometrics expertise we have as are result of the
departure of Anoush.
Risk Management Systems Infrastructure development.

Scott Stoness
05/19/2000 02:02 PM
To: James W Lewis/HOU/EES@EES
cc: Dennis Benevides/HOU/EES@EES
Subject: Ming Sit

He is no replacement for Jay but he could be a Dennis B employee.

Pros:
Engineer so would be good at math
His boss hired him a 2nd time (1at TXU and again at Pacificor again) so he
must be reliable
Phd in Economics and Engineering (good) from Stanford (ugh :) :) :) )

Cons:
Does not understand Tariffs.  I asked him and he said he is not experienced.
I probed too and he does not understand regulatory that well.
Does not understand Ancillary Services (which is surprising to me since he
started out as an plant operation side of HK Power)
Has limited people management skills (he described 1 analyst he works with
that is not capable that he has to jump into the excel spreadsheet and fix it
for him and he cannot give him feedback because it is a utility mentality)
He is not a good communicator (I asked him to describe what he did in HK
Power and it took him forever to explain because he expected me to know that
plant operations meant planning the start up of oil plants).

Overall:
I suspect that he is a very solid guy when it comes to analysis but not
particularly creative or good at communication and leadership.  He would be a
great support person.
I would hire for analysis but not as a potential leader.Go


Hot like wasabi when I bust rhymes
Big like Leann Rimes
Because I'm all about value


As promissed.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/23/2001 01:46
PM ---------------------------
From: Suzanne Adams@ECT on 01/17/2001 02:47 PM
To: kwiemer@milbank.com, Kathleen Carnahan/NA/Enron@Enron, Kay
Mann/Corp/Enron@Enron
cc:

Subject: E-Next Generation Docs

Attached are the documents that you asked me to change the signature line:


cool.  Thanks. DF

Jim Talcott
05/11/2000 10:55 AM
To: Kathy Ringblom/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Scoreboard

FYI. jrt
---------------------- Forwarded by Jim Talcott/ET&S/Enron on 05/11/2000
10:52 AM ---------------------------

	From:  Michel Nelson                           05/11/2000 08:56 AM

To: Mike McGowan/ET&S/Enron@ENRON, Rob Wilson/ET&S/Enron@ENRON
cc: Jim Talcott/ET&S/Enron@ENRON

Subject: Scoreboard

fyi
---------------------- Forwarded by Michel Nelson/ET&S/Enron on 05/11/2000
08:17 AM ---------------------------

	From:  Brian Poock                           05/10/2000 04:58 PM

To: Michel Nelson/ET&S/Enron@Enron
cc: Tom Gilbert/ET&S/Enron@Enron

Subject: Scoreboard

I met with Ray and Polly Pettingill last night and we made a decision on the
scoreboard.  A 27' model made by the Fair-Play company.  The quote is
$12,360.00 delivered and it has all the options they need.  If we buy it
there is 7% tax, if we donate the money to the school there is no tax. The
only item preventing us from placing the order is how to word the memorial.
Polly is going to visit with the kids and get their thoughts.  Also the
Pettingill's have asked for discussion at Monday nights school board meeting
on a proposal to name the football field Dan Reedy Field.  If this goes
through the memorial panel may say " Welcome To Dan Reedy Memorial Field".
As soon as they make this decision we'll finalize the art work which takes
about a week then 4-5 additional weeks for delivery.

 The athletic director is not a real fireball, so Ray is working directly
with the school superintendent.  I spoke with the superintendent last night
and stated we would like to donate the money to them for the purchase of the
scoreboard.  He is cautious in agreeing to anything without knowing more
details.  Ray was to drop off the materials collected from the scoreboard
company today, 5/10 so he can get up to speed prior to Monday's board
meeting.  I'll visit with him again next week.

As I stated after our last meeting, Ray is very interested in performing the
installation.  Also the Waterloo employees are aware of this and they to want
to take part in the installation.  I informed Ray last night that we don't
have a problem with him doing it so that is the plan. One recommendation I
wish to make is, the cost savings on the installation is $2100, can dedicate
$1000 from Tom's budget to cover incidentals during installation.  I can
oversee and purchase these items on my purchasing card.  I don't think Ray
will be capable of getting all material donated. This way would be much
easier than donating the extra money to the school and then trying to work
with the school to pay for these items.

(P.S.  I have communicated the plans to-date to Lana Reedy, so she is in the
loop.)

 Brian


459812
459813
mike s
broker has 50 mw

459787
mike s
broker has us selling


Kevin:

I have a friend who is very interested in discussing opportunities as an
Enron power trader with you, and I offered to pass on her resume.  Pam is a
really neat person who has over nine years  experience and a proven track
record in the Natural Gas Industry.? Her  experience ranges from marketing,
origination,?running a desk and profit  center in trading, market making, and
management.? Most recently she ran a  regional trading desk and profit
center?at TXU Energy Trading.? Her  responsibilities included managing both a
financial and physical trading  book.? She made nine million dollars in
marked-to-market profits over the  last three years.?

Pam explained to me that with? electricity deregulation approaching,  TXU
made the decision to redefine their business plan which included shutting
down the proprietary trading side of the business.? This meant the shutting
down of the Houston Office, and Pam?made the decision not to move to
Dallas.   Due to changes in the Natural Gas industry, Pam is now ready for a
change and has been exploring career opportunities utilizing her marketing,
trading,?and  business-to-business expertise to a new commodity such as
power.?

Thank you for your consideration.  Please don't hesitate to give me a call if
you would like any further feedback.

Regards,

Leslie

?


SK - I printed this & put it & attachments in your meeting folder.  mm

Alan Comnes will fax to your attention the EIA reports on Wyoming.  Susan
Landwehr has faxed to you Gov. Geringer's statement before Congress and other
pertinent materials.  We are searching for a recent presentations by Belden
in Santa Fe.  Attached is a presentation Tim made re:  power supply that is
somewhat out of date--note date of 8/14/00.

Sue Landwehr will also prepare a briefing paper for you on the Gov. including
a summary of the positions he has taken recently at WGA and RGA functions.

Attached is a presentation prepared by Steve Walton on transmission
activities in the West.  While I did not present Steve's slides, I used them
as an ouline for remarks I made at the last WGA meeting on transmission.
Gov. Geringer participated in the meeting and appeared to agree with our
approach for adding transmission in congested areas.

I've also attached a copy of a presentation put together by Jeff Dasovich on
energy needs of the high tech industry.  He prepared these at your request
last fall.

Have a good weekend.


Please grant Robin Barbe the following origination from TP1.

Deal		Date	Volume	Orig	Tot orig
1129458	10/24	2880	$.02	$58
1125595	10/23	2952	$.02	$59

Deal 1129458 is in the New England book.  I did a desk to desk with TP1


Hey I'm back in town so take me out!


Attached is a newly revised Credit Watch listing.  If there are any
personnel in your group that were not included in this distribution, please
insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at x5-7095, Brant Reves at x3-9897, or Veronica Espinoza at x6-6002.


Attached for your information is a draft IEP Board  meeting agenda for
December 4, 2000.? The meeting is scheduled to begin at  9:00 a.m. and
continue through until 3:00 p.m.? It will be held here at  IEP.
 - Board Mt. Agenda  12-4-00.doc


Russell,
 Can you please attach the gty2846.doc so that I can draft the necessary
language for the new gty doc.

	Russell Diamond/ENRON@enronXgate
	03/05/2001 09:38 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Clement Abrams/ENRON@enronXgate
		 Subject: Aquila  outgoing guaranty (ref: gty2846.doc)

Dan,

Per our conversation on Friday regarding HPL, please coordinate with Clement
to issue a new guaranty.  As you recall, Aquila Energy Marketing Corporation
has $50MM of exposure from HPL and they have requested additional security
above the amount in the current guaranty listing HPL (gty2846.doc).  Please
issue a new guaranty for HPL covering Aquila Energy Marketing Corporation for
physical natural gas in the amount of $50MM.  In addition, please put
language in this guaranty which would amend the existing guaranty
(gty2846.doc) that would remove HPL.

Thank you,

Russell


- Lord Im available to you.doc


Excellent.  DF

From: Britt Davis on 08/08/2000 05:00 PM
To: lpain@duke-energy.com, meremmenga@cmsenergy.com
cc: mhbullis@aol.com, Drew Fossum/ET&S/Enron@ENRON, Jim
Talcott/ET&S/Enron@ENRON, Kathy Ringblom/ET&S/Enron@ENRON, Deborah
Shahmoradi/NA/Enron@Enron, Brenda McAfee/Corp/Enron@ENRON, Bob
Thurber/ET&S/Enron@ENRON

Subject: Bridenstine

PRIVILEGED AND CONFIDENTIAL:  ATTORNEY-CLIENT COMMUNICATION, ATTORNEY WORK
PRODUCT, JOINT DEFENSE PRIVILEGE

Dear Larry and Merlin,

 This will confirm our various telephone conversations about the
above-referenced case.  Again, it is my understanding that we have all agreed
(me on behalf of Northern/Transwestern, Larry on behalf of Duke, and Merlin
on behalf of CMS Energy/Panhandle Eastern) to jointly retain Jim Peters to
represent our respective interests in responding to the defendants' subpoenas
and recently-filed motion to compel, which I have been advised is set for
telephonic hearing on Monday, August 14, at 8:00 a.m.  Per this agreement, we
will share Jim's fees and expenses on a 1/3 Northern/Transwestern, 1/3 Duke,
1/3 CMS Energy/Panhandle Eastern basis.  As part of this agreement, each of
us agrees to handle substantially all of his respective client's actual
document production in-house, in order to hold Jim's fees and expenses down.

 In the very unlikely event that Jim encounters an unanticipated conflict
between the positions of our respective clients, you additionally agree that
Jim may withdraw from the representation of your clients in this matter, but
may continue to represent Northern and Transwestern in this matter.

 Jim is currently working on a draft response to defendants' motion to compel
for Northern/Transwestern.  By copy of this, I am asking Jim to send each of
you drafts at the same time that he sends a draft by me.

 I look forward to working with you both.

     Regards,

     Britt Davis


As you have already heard, California Municipal Utilities Association filed a
complaint with FERC asking for cost based rates. The following is a brief
outline of an EPMI/EES answer to the complaint.  The answer is due Friday.
Please send me any comments ASAP.

? The complaint should be rejected because it wrongly assumes that the
Commission has no option to ensure just and reasonable rates but to require
cost based rates because there is no low cost solution to the problems
currently faced by the California markets.  We should attach our white paper
to our protest and state that the paper explains how these problems could be
solved at little or no cost to the customers.
? I list here, for your information, the reasons CMUA claims that markets are
not competitive (these reasons will not be re-listed in the pleading).
? 2000 prices greatly exceeded 1999 prices without regard to load.
? zonal constrained prices, even in the off-peak hours, do not reflect
competitive outcomes for low load conditions.
? even small players can be price setters
? The changes required are additional generation, transmission, and demand
response and will cost tens of millions of dollars and take lengthy periods
of time to implement.
? There is no evidence that markets will ensure just and reasonable rates in
the near future.
? CMUA asserts that with the advent of electric restructuring, the Commission
has increasingly allowed energy and ancillary services to be sold at
market-based rates.  However, CMUA is wrong in the context of the West where
there has been market-based trading of electricity before electric
restructuring, since the FERC approved the Western Systems Power Pool,s
contract in 1991.  The Commission,s rules didn,t create the wholesale market
in the past, the market did and it was running fine until it was messed up by
certain market rules were imposed that are enumerated in our paper.  The
problem is not the market-based rates.  The problem is the market rules.
? CMUA,s motion does not address how market-based rates would be calculated
for marketers that do not sell power from their own resources, let alone
reflect the trading of basis points.  Almost all of the power EPMI sells is
power it has bought from some other marketer or generator.  Many of EPMI,s
deals are done through brokers such that EPMI does not find out the identity
of the seller until after a deal has been struck.  Accordingly, EPMI gets no
information about the cost of the underlying generation.
? If FERC doesn,t try to fix the market but simply takes away our
market-based rates, since there,s is no basis for us to set cost based rates,
we would go out of business.  Besides there,s no reason to take away our
market-based rates because we are not exercising market power.  So if FERC
could fix the problem with a less onerous solution (as we,ve proposed in our
white paper), requiring cost-based rates would constitute a regulatory taking
of our business and we would have to be compensated using the constitutional
standard.
 CMUA does not provide any expert testimony to support its position.  Rather,
its evidence is &drawn from materials prepared and testimony delivered by the
California ISO and other public sources.8  Beyond the difficult evidentiary
issue posed by the fact that CMUA cannot swear to the veracity of information
produced by third parties, EPMI would have no opportunity to conduct
discovery or cross-examine of such &witnesses.8


Nie , jestem jedynym Polakiem urodzonym w Polsce.
Prosze zadzwonic do mnie (713) 853 3848.

Vince

Julius Zajda
11/30/2000 04:29 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Dzien dobry!

Szanowny Panie,

Przepraszam, ze zabieram Panu pare sekund na lekture tego listu. Wlasnie
zostalem przeniesiony do Houston i panskie imie czesto sie pojawia na
tutejszych ustach. Chetnie bym sie spotkal i porozmawial, ale jestem swiadom
cennosci Panskiego czasu. Czy sa jeszcze jacys inni Polacy (osoby polskiego
pochodzenia) w Enron NA?

Pozdrawiam

Juliusz


Bill:
Here is where I will be staying:

Westin La Cantera Resort
210-558-6500 phone
210-641-0721 fax

I will call you late tonight.  I love you!

Carol


Please note that with the authorization below, interconnection issues with
the attached utility still need to be addressed.  (This includes agreement,
queue, facilities if needed, etc.)  Call us if you need assistance.  Thanks.

	From:  Christi L Nicolay                           04/30/2001 02:20 PM

To: Chris Lackey/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Don Black/HOU/EES@EES, Jeff Golden/HOU/EES@EES, Marc
Pana/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Ray
Alvarez/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Steve
Walton/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Jeff
Brown/NA/Enron@Enron, Sheila Tweed/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, James E Keller/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Ozzie Pagan/Enron@EnronXGate, Leslie
Lawner/NA/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Karen A
Cordova/HOU/EES@EES, Robert Frank/NA/Enron@Enron, Janet R
Dietrich/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, sscott3@enron.com,
Kevin M Presto/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT, jader@enron.com,
Michael Brown/Enron@EnronXGate, mark.bernstein@enron.com,
john.llodra@enron.com, janelle.scheuer@enron.com, George
Wood/Corp/Enron@Enron, David Guillaume/Enron Communications@Enron
Communications, joe.gordon@enron.com, splauch@enron.com,
jennifer.n.stewart@enron.com, tom.dutta@enron.com, Posey
Martinez/HOU/ECT@ECT, Jim Meyn/NA/Enron@Enron, Berney C Aucoin/HOU/ECT@ECT,
Pearce W Hammond/Enron@EnronXGate, Garrett Tripp/TOR/ECT@ECT, Jason
Thompkins/Enron@EnronXGate, Rob Wheeler/Enron@EnronXGate, Mason
Hamlin/HOU/ECT@ECT, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, george.mccormick@enron.com, wjennin@enron.com,
joseph.wagner@enron.com, elizabeth.johnston@enron.com, bill.rust@enron.com,
Reagan Rorschach/Enron@EnronXGate, Edith Cross/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, Jennifer Bagwell/Enron@EnronXGate, Billy
Braddock/Enron@EnronXGate, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, Karla Compean/Enron@EnronXGate, Kerry
Stroup/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Jeff
Brown/NA/Enron@Enron, Russell Ballato/NA/Enron@Enron, Don
Baughman/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON,
Maria Valdes/Corp/Enron@Enron, John Kinser/HOU/ECT@ECT, Peter
Makkai/NA/Enron@Enron, Jeff King/Corp/Enron@Enron, Robert
Benson/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, Brad Morse/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,
Marcus Nettelton/NA/Enron@ENRON, Barbara N Gray/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Janine Migden/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, Ray Alvarez/NA/Enron@ENRON,
Alan Comnes/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andy Rodriquez/Enron@EnronXGate,
Lloyd Will/HOU/ECT@ECT, susan.scott@enron.com, Christi L Nicolay/HOU/ECT@ECT,
Steve Montovano/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
cc:

Subject: Easier for EPMI/EES to purchase from industrials

Attached is FERC authorization for EPMI and EES to purchase power from
industrials NATIONWIDE (effective March 6, 2001--Does not expire).  The
industrial does not have to obtain its own power marketer license from FERC
(subject to EPMI and EES making certain after the fact quarterlty filings for
the industrials).

Specifics:

Owners of generating facilities located at business locations and used
primarily for back-up for self-generation (who will be "public utilities"
subject to the Federal Power Act only while they sell at wholesale) can sell
power at wholesale from such facilities to EPMI and EES without prior notice
under section 205 of FPA (would usually require 60 day advance notice
filing).
  -- Waives certain parts of the filing requirements for the industrial;
however, the industrial will still be subject to shortened filing
requirements for dispositions of facilities and interlocking positions while
they are selling at wholesale.
 -- EPMI and EES will make the FERC quarterly filings on behalf of the
industrials for any of these purchases.  Our report must show the names of
the industrial; aggregate amount of capacity and/or energy purchased from
each seller; and the aggregate compensation paid to each seller.
Accounting/commercial folks for EPMI and EES-- please make sure these
purchases are flagged in the accounting system, since the report will be
separate from our big quarterly reports.
 -- This does not authorize the retail industrial customer to violate any
rules or tariffs of its host utility.  This does not authorize an industrial
to resell power it purchases (only can sell what it generates); unless
otherwise allowed (or not precluded) by its retail tariff.

West Desk:  This is similar to the authorization that FERC gave last week to
purchases from industrials in WSCC.

____________________________________
On April 27, FERC issued an order granting EPMI and EES the authority to
purchase power from IPPs at market-based rates.  As the attached order
indicates, the effective date of the EPMI and EES rate schedules is March 6,
2001.

 - ER011394.wpd
 - ER011394.doc


George,

Jeff has just signed your expense account from last month.  It has been on hold because we have stopped approving all submitted reports that include car services (for all of EGM) that are outside of the direct airport to the hotel charges.  We have made statements to everyone via memo and our commitment to our bosses that we are watching our costs especially those like these specifically.  In most cities cabs or other shorter hires are available.

We are not attempting to be cheap but we have put this is a hard rule and of course includes Jeff and me.  We haven't and will not do it either.  We don't want to discuss this further and it is not something we will think about again but we wanted to be clear.

Thanks,
Mike and Jeff


Steve, FYI and further handling.  This is the guy from infrastructure world.
He just called me on it as well.  Please respond.
Thanks,
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/13/2000
05:17 PM ---------------------------

"Vidar J. Jorgensen" <vidar@worldcongress.com> on 11/13/2000 04:38:59 PM
To: "Mike S. McConnell" <mike.mcconnell@enron.com>
cc: "Cathy Phillips" <cathy.phillips@enron.com>
Subject: FW: Lets Discuss GlobalCashExchange As A Powerful Enron Advantage

Mike,
?
I am resending this to you as I may  have had the incorrect email address
earlier. I would appreciate it if you or  Cathy could confirm receipt of this
by return email.
?
Thanks,
?

Vidar J. Jorgensen
500 West Cummings Park
Suite 5200
Woburn, MA? 01801
P:? 781-939-2572
F:? 781-939-2574
Cell P:? 781-929-2965
vidar@cbinet.com
 - 00-1110-07.doc
 - gcxbusinessplan (new).doc
 - 00-0926-06.doc
 - 00-1025-03.doc
 - 00-1018-06.doc


David,

No problem. Please, let me know when you have it.

Vince

David Foti@EES
12/11/2000 05:52 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Pinnamaneni Krishnarao/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES
Subject: EES T&D Interest Rate Hedge

 Vince -

Osman asked me to forward a copy of the memo to you.  We hope to speak to you
tomorrow and bring you the original for your approval.

Regards,

Dave Foti


fyi...

-----Original Message-----
From: navigator@nisource.com [mailto:navigator@nisource.com]
Sent: Thursday, October 18, 2001 9:04 AM
To: navigator@nisource.com
Subject: LINE SM-123

                      COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                OCTOBER 18, 2001

Notice ID: 3193
5 - NO RESPONSE REQUIRED

NOTE:  The following is being provided by Columbia as notice to all of its
shippers of potential outages or reductions in available capacity in the
identified portions of the system due to construction activities, routine
maintenance, modifications, tests or repairs undertaken to protect the
integrity and performance capability of its storage and transmission
facilities.  The information provided below is subject to change for numerous
reasons, including but not limited to, third-party controlled events and
decisions, weather, work schedules, equipment availability, force majeure
events, etc.  Thus, while Columbia is willing to provide this notice and update
it periodically as necessary, Columbia is unable to represent and warrant that
the specific activities will occur, or that they will occur on or near the
specified dates.

SUBJECT:   LINE SM-123

Columbia anticipates that between October 25th and October 27th, Line SM-123
will be taken out of service due to long-wall mining activity.  Columbia
estimates the line to be out of service for twenty-one (21) days.  The start
date and duration of the outage is contingent upon the actual timing and
progress of the long-wall mining activity.  Given the level of firm commitments
in this area, Columbia believes that there will be no available capacity for
interruptible transportation.

The following receipt points will be affected:

   Equitable Gas:    Beaver Creek      (H1)
                     Hi Hat            (F3)

   CNR Pipeline:     Boldman           (CNR02)
                     Conoway           (CNR03)
                     Johns Creek       (CNR08)
                     Canada            (CNR09)
                     Canada            (CNR10)
                     Stafford          (CNR11)
                     Thacker/Majestic  (CNR12)
                     Briar Mtn.        (CNR13)
                     Huff Creek        (CNR14)

   Conoco:           Grant             (P1)

The same is true with respect to any Appalachian production flowing directly
into Columbia's Line KA between Columbia's Boldman Compressor Station and
Columbia's Huff Creek Compressor Station as well as production flowing into
Columbia's Lines SM-116, KA-15, PM-3 and PM-17.

If you have any questions, feel free to contact your Customer Services Team.


I am finalizing the documentation for Jeff's signature now.  The resolution (Jeff does not sign) will have to follow.

Please provide me with the contact information so that I can forward the documents to CSFB (phone, fax and courier delivery address).

Marie

 -----Original Message-----
From: 	Doukas, Tom
Sent:	Thursday, October 18, 2001 9:04 AM
To:	Shackleton, Sara; Heard, Marie; Panus, Stephanie
Cc:	Kinneman, Jeff; Pizzolato, Paul; Wall, David
Subject:	CSFB agreement
Importance:	High

Sara,

Jeff Kinneman has suggested that perhaps legal could scan the executed document and edit the signature pages as opposed to recreate it since CSFB cannot provide the word document we requested.

However we decide to pursue this is still a priority as we are now shut off from trading.

Please advise as to what time frame we can expect the document to be completed.

Thanks,

Tom


I nee to go to stans office apologize to steve dowd for me
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


In anticipation of re-opening, you have an opportunity to pre-select your new
locker location.  All active Body Shop members who had a permanent locker at
the time of the September 1st construction close have been given first
consideration when selecting their new locker location before December 29th.
 Priority will be given to member's original locker location (i.e. a member
who requests their original locker area will be given priority for that
space).  After this date lockers will be distributed to members on the
waiting list and to member's with permanent lockers who request a different
space from their original locker area.   For your convenience, a Body Shop
enrolment and locker request table will be in the lobby from December 18th
through January 5th between the hours of 11am - 1:30pm.

Follow these simple steps to secure your locker location:
Open and review the attached Men's Locker Design template.
Select your 1st, 2nd, and 3rd choice location preference.
Complete the Locker Selection Request Form.
Complete and Sign the Locker Payroll Deduction Form.
Return all completed forms before December 29th to the Body Shop at EB1355,
drop off at our offices on EB1372 or at the Body Shop Table in the lobby from
December 18th through January 5th between the hours of 11am - 1:30pm.

You will receive an e-mail notifying you of your new locker location and
locker combination prior to re-opening.  If you have any questions, please
contact Noel Ryan at  x35548.


give me a call.  i will be home all weekend chillin'.  i will be in denver
tues afternoon around 2.  i think we are golfing with customers when we get
in and i have a dinner that night.  wednes i am in a golf tourney in the
morning so maybe that afternoon we can get together.  i have a dinner wednes
night. so if we don't get together wednes afternoon maybe lunch thurs before
i take off.


-----Original Appointment-----
From: 	Hodge, Jeffrey T.
Sent:	Tuesday, February 20, 2001 9:29 AM
Subject:	Meeting with Hunter Shively-EB3270
When:	Tuesday, October 09, 2001 2:30 PM-4:00 PM (GMT-06:00) Central Time (US & Canada).
Where:


Greg-
Hope you and your family and friends are safe. Thought you might find the
attached of interest.
Michael Matthews
Salomon Smith Barney
First Vice President- Investments
Portfolio Manager
1661 International Drive
Suite 200
Memphis, TN 38120
(901)818-4224   (800)227-4146

> Words cannot begin to describe our feelings at this moment or our concern
> for the safety of so many of our friends and colleagues placed at risk in
> the recent terrorist attacks.  We know that all of our thoughts, hopes and
> prayers go out to all the victims and their families.
>
> At this time we are cautiously relieved to hear that there have been no
> reported injuries to Citigroup employees.
>
> As you may have seen in media reports, our facilities located at Seven
> World Trade Center were destroyed.  We have been told by Citigroup Asset
> Management senior management that pre-existing business continuation plans
> for offices located in lower Manhattan have been put in place.  They
> expect to resume operations as the exchanges and markets re-open.
> Displaced staff has already been relocated to designated Citigroup offices
> in mid-town Manhattan, New Jersey and Connecticut.
>
> Please rest assured that your assets are safe and that they will be
> properly and continuously managed by the portfolio managers of Smith
> Barney Asset Management and Salomon Brothers Asset Management.
>
> The days ahead for all of us will be difficult.  Please feel free to call
> us with any questions you may have.  As always, we appreciate the
> opportunity to be of service to you.
>
> Best Regards,
>
> Jerrold Graber			Michael Matthews
> Scott Notowich
> Sr. Vice Pres-Investments	1st Vice Pres-Investments	1st Vice
> Pres-Investments
> Financial Consultant		Financial Consultant		Financial
> Consultant
>
> We thought you would be interested in seeing Equity Strategist view for
> the markets:
>
> 	As we await the re-opening of the U.S. equity markets it seems to be
> a good time to reflect on some of the fundamental and technical issues we
> will have to confront in the weeks ahead.  To say that the future is
> unclear is to state the obvious.  We must examine the information
> currently available, make suppositions about the likelihood of future
> events and structure our portfolios in a way most likely to exploit short
> term market inefficiencies and take advantage of our long term strategic
> views.
> 	To us, there are at least five issues which will influence the
> course of the economy and markets in the time ahead.  The effects of
> global liquidity, consumer confidence and energy prices should determine a
> great deal of the equity market's direction and internal dynamics.  In
> addition, the fundamental and market performance of the Technology and
> Financial sectors should have an impact beyond their normal sphere of
> influence.
>
> 1.  Global Liquidity:  We believe that the Government will try to make
> individuals and institutions as whole as possible.   Clearly, Washington
> does not want a financial panic to exacerbate the physical damage already
> done.  We believe that the Federal Reserve will effectively make unlimited
> liquidity available to the system, as they have done during prior crises.
> Additionally, the Executive and Legislative branches appear ready to
> provide fiscal assistance as needed.  We should assume that the Government
> will behave rationally and apply the techniques used successfully in the
> past.  These actions would tend to be supportive to the markets.  While
> the European Central Bank has stated that no easing is imminent, they
> obviously are ready to inject liquidity on an "as-needed" basis.
>
> 2.  Consumer Confidence:  Clearly the Consumer will be negatively impacted
> in the short run by recent events.  Obviously air travel and lodging will
> feel an immediate impact.  However, the key questions are:  how much will
> the consumer be effected and for how long?  We note that following the
> "Crash" of 1987, Wall Street predicted a dramatic consumer slowdown which
> did not materialize.  We do not intend to draw direct analogies to 1987
> but would merely point out that predictions of Consumer collapse have
> proved to be unreliable.  While some slowdown will inevitably result from
> the catastrophe, one must remain aware of the Consumer's inherent
> resilience and the potential offset of the fiscal and monetary stimulus
> discussed above.
> While we do not wish to minimize this potential problem, we believe that
> it must be viewed in a broader historical context.
>
> 3.  Oil Prices:  Early indications are that responsible oil producing
> nations  will not move to seriously curtail production or shipments.
> While nothing can be ruled out, it is hard to say that the perceived risk
> to world-wide oil supplies will necessarily result in higher oil prices.
> This is important.   The absence of a price spike would significantly
> differentiate today from the 1990 precedent.  Then, the risk of inflation
> affected the Fed's ability to rapidly lower rates and offset the price
> rises.  In 1990, higher energy prices undoubtedly contributed to the
> subsequent recession; and the Fed's decision not to immediately cut rates
> adversely impacted the Consumer.  We must indeed ask ourselves if the risk
> to the world's oil supplies is significantly greater today than it was a
> week ago?
>
> 4.  Technology and Communication Services:  Surprisingly, Technology was
> one of the better performing areas in the European markets in the days
> immediately after the tragedy.  While one does not want to read too much
> into this, a logical progression of events could help the group's
> fundamentals in the months ahead.  Initially, much of the infrastructure
> damage done will have to be undone.  After any disaster, the first
> response is to replace or repair that which has been damaged.  This could
> provide a short-term boost in spending.  Longer-term, there will likely be
> a need for increased spending on bandwidth, back-up (recovery) systems,
> storage and communications systems. In recent months, many corporations
> have deferred technology expenditures. This week's events may accelerate
> the resumption of meaningful technology spending, lending a much needed
> boost to the group.
>
>
> 5.Financials:   Financial Services companies are obviously adversely
> affected by recent developments.  Existing concerns have been heightened
> by these events.  Insurers face the potential of massive claims.  Banks
> and brokers face potential credit concerns and the impact of distracted
> capital markets.  However, as mentioned earlier, we anticipate that the
> Fed will be injecting needed liquidity.  It would be rare indeed for
> Financials to fare poorly while such an easing is underway.  A healthy
> financial system is essential to our country as well as the world.
> Investors, while recognizing the damage done, should also be aware of the
> potential benefits of impending remedies.
>
>
>  <<...OLE_Obj...>>
> Michael Matthews
> Salomon Smith Barney
> First Vice President- Investments
> Portfolio Manager
> 1661 International Drive
> Suite 200
> Memphis, TN 38120
> (901)818-4224   (800)227-4146
>

--------------------------------------------------------------
Reminder:  E-mail sent through the Internet is not secure.
Do not use e-mail to send us confidential information
such as credit card numbers, changes of address, PIN
numbers, passwords, or other important information.
Do not e-mail orders to buy or sell securities, transfer
funds, or send time sensitive instructions. We will not
accept such orders or instructions.  This e-mail is not
an official trade confirmation for transactions executed
for your account.  Your e-mail message is not private in
that it is subject to review by the Firm, its officers,
agents and employees.
--------------------------------------------------------------


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/13/2000
05:15 PM ---------------------------

Steven Leppard
09/20/2000 06:54 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Exotic options presentation

Vince, here's what I'll be presenting tomorrow...

...hope they're OK.

Steve


Joe

A couple of questions.

1.  Where did the Gas Trading P/L derive from this month.

2.  How are you coming on the position reports we discussed.

Talk to you soon.

John Lavorato


You left 2 TRCO invoice questions on my desk.

1.  Contract 3.3558 - this is a volumetric release from PSNC for CES Retail.
The demand and commodity invoice come in together I believe.

2.  Contract 3.3509 - ???  I don't understand this one.  Take a look at
k#1.3473.  Did we receive a demand charge on 1.3473 and not have the demand
estimated in Sitara?  I may need to add 1.3473 and 0 3.3509.  Let me know
what you find.


Please click on the link below to view the articles below:- 1. Energy & Power Risk Management, "The essence of e-commerce"; 2. Energy & Power Risk Management, "IT capabilities a la carte"; 3. Energy & Power Risk Management, "Taking the direct route"; 4. Energy & Power Risk Management, "The secret of their success";

16-Nov-2001 The essence of e-commerce Energy & Power Risk Management 108392 <http://livelinkeu.corp.enron.com/LiveLink/LiveLink.exe?func=doc.Fetch&nodeId=2454526>


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 01:31
PM ---------------------------

"Leatha Brown" <lbrown1@erac.com> on 03/06/2001 01:08:09 PM
Please respond to <lbrown1@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Escalade

The last quote I sent over was for 36 months and
I haven't taken into consideration the price/tax
savings of the Lexus.  I contacted our remarketing
department and they are still working on getting
#'s.

I'll let you know soon!!!

Leatha

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, March 06, 2001 12:49 PM
To: lbrown1@erac.com
Subject: RE: Escalade

Leatha,

I have a couple of questions.  Do your numbers assume $7500 down (in
addition to the tax etc), and is the term 36 months or 48?  Both time
frames are mentioned in your explanation.

Have we heard anything on the remarketing of my Lexus?  Does the cost
include the tax trade on the Lexus?

Thanks for your help,

Kay

"Leatha Brown" <lbrown1@erac.com> on 03/05/2001 05:37:50 PM

Please respond to <lbrown1@erac.com>

To:   <Kay.Mann@enron.com>
cc:

Subject:  RE: Escalade

Kay,
The dealership will not come down on the price
for the gold and wood trim.  I have an aftermarket
company that can do both for $550.00.  Here is
a 36 month quote for the Cadillac including the
gold and wood.  Please review and let me know if you
have any questions.

EQUITY LEASE FOR TERM OF 36 MONTHS

$  39976.38          Cost of vehicle
    2498.52*Sales tax
     161.00*Registration
    7500.00*Cost reduction
------------
$  39976.38          Delivered price
------------
$    568.33          monthly depreciation
     187.81          Monthly lease charge
------------
$    756.14          Monthly rental

$  12016.15          Termination value @ 48 months

*to be billed on delivery

Let me know what you think.

Leatha

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Saturday, March 03, 2001 5:05 PM
To: lbrown1@erac.com
Cc: nmann@erac.com
Subject: Escalade

Hi Leatha,

Neil and I went to D Taylor and looked at an Escalade. We liked it,
however, we want to price it with a couple of extra features.  I like the
extra wood package, and Neil likes it with the gold trim package.  When we
asked for a price, it added around $1700, which I thought was ridiculous.
They offered to discount it by $200, which I again thought was ridiculous.
When we priced these options at McGinniss, the price was less ($600 for the
wood package instead of $995, for instance), and they offered to discount
the options by a third.  So, we can get the deal done if they will get
reasonable over these options.  The sales guy (Nathaniel) was going to
"work on it".  The fellow you had told us to ask for wasn't in, by the way.

I will be out of town on Monday, but Neil will be in, and will have my
Lexus.

Thanks,

Kay


Rob:
I'll do my best to get back to you tomorrow although I still have not heard
from my credit person.  Other than the credit issue, I do want to talk to you
about the following:

1. Deletion of the Termination Event in Section (j)(c).  If we have to choose
between this and the covenant that you inserted in Part 5, I would much
rather have this but I don't understand why we can't have both.

2. In the new language that you added in the "Recording" section, I don't
think that I can agree to the reasonable expectation language unless we make
it clear here that it would be reasonable to expect that any call that is
made to or from our trading floor will be recorded.  Also, at the very
beginning where it says "that originates from and" the word "and" needs to be
"or" to cover the situation in our case where someone from your side that is
not on the trading floor calls our trading floor.

3. In Part 5, Section (o) the last sentence, please change the word "herein"
to "this Agreement" and please change the last reference to "the Existing
Transactions" to "this Agreement" as I thought that this is what we agreed to.

4. In the definition of MAC, in clauses (a)(ii) and (b)(ii), please change
the word "either" to "both" and the word "or" to "and", as I thought this is
what we agreed to.

5. In the form of LC, our credit group has asked us to add language that
amends Section 13(b) of the UCP to shorten the time frame from 7 to 3 days
and I will fax that to you.

I will be tied up until late morning but otherwise available.

Carol

	"Robert J. Rieth" <rjr@houston.rr.com>
	05/16/2000 04:38 PM

		 To: "Susan Flynn" <Susan.Flynn@enron.com>
		 cc: <Carol.St.Clair@enron.com>
		 Subject: Re: Re-Draft of IDACORP/Enron ISDA Documents

Thanks Susan  - I'll include the wire transfer information that you sent.

Carol/Susan  - I will be leaving on vacation Thursday PM. If possible I'd
like to wrap up this agreement and get it signed before I leave. We don't
seem to have much left. Please get back to me when you can.

Thanks

Rob Rieth

----- Original Message -----
From: "Susan Flynn" <Susan.Flynn@enron.com>
To: <rjr@houston.rr.com>
Sent: Tuesday, May 16, 2000 3:49 PM
Subject: Re-Draft of IDACORP/Enron ISDA Documents

Rob - Here is wire transfer information.

     With  respect  to  all  payments hereunder to Party A, Party B shall
comply
     with the following payment instructions:

               Payment by Wire Transfer:

               Bank of America, N.A. - Houston
               P.O. Box 2518
               Houston, Texas 77252-2518
               Account Number /Route Code:   3750494727
               Bank ABA No.:   111000012

----- Forwarded by Susan Flynn/HOU/ECT on 05/16/2000 03:26 PM -----
|--------+----------------------->
|        |          "Robert J.   |
|        |          Rieth"       |
|        |          <rjr@houston.|
|        |          rr.com>      |
|        |                       |
|        |          05/16/2000   |
|        |          10:03 AM     |
|        |                       |
|--------+----------------------->

>---------------------------------------------------------------------------
-|
  |
|
  |       To:     <Carol.St.Clair@enron.com>
|
  |       cc:     <Susan.Flynn@enron.com>
|
  |       Subject:     Re-Draft of IDACORP/Enron ISDA Documents
|

>---------------------------------------------------------------------------
-|

Carol/Susan - Attached is the latest re-draft of  the above documents
highlighted to show the changes from the May 4, 2000 draft.  Also, my
comments
are included in the yellow highlighted areas and can be viewed  by placing
your
cursor n these areas if your using Word 2000. I'm also faxing a  re-draft
and
comments to you.

Please give me a call after you have had an  opportunity to review them.

Thanks

Rob Rieth

Robert J. Rieth
Attorney at Law
Phone: (713)  984-2023
Fax: (713) 984-8973
e-mail: rjr@houston.rr.com
(See attached file: Re-Draft IDACORP - Enron ISDA  May 16,2000.doc)


the merlin ct. address is still good.  I don't know why the mailing would be
returned.


Here is the information you need:
- brogers
- benjamin.rogers@enron.com
- 3-7998

Thanks and let me know if you need anything else.
Ben


I agree completely, which is why I think the *$(*#-ed case is confusing.  Let
it go.  Leave as is.  Think about it no more.

See you tonite.

Jeff


Just kidding with you.  Hope your hand is getting better.  See you on Monday.

Susan

Kimberly Bates
04/19/2001 08:52 AM
To: Susan W Pereira/HOU/ECT@ECT
cc:
Subject: Re: Pete Keavy

not to mention only having one hand to type with


Crude 24X7 WTI Marketing Effort

Trade Count:
 175  Trades
 8.0  Million Barrels
  9  Counterparties Transacting Today
 27 Counterparties Transacting to Date


Where are we with regard to the escrow agreements and the amendment to the
letter agreements?  The latter is especially critical to Enron.

Thanks,

Kay


Hi Misty!  How's everything?  Are we on for this weekend?  Let me know.
Since I have plans to see Lyle Lovett on Fri. night, I was thinking of flying
in rather than driving Sat. a.m. to save on time & energy, especially since
you live so close to the airport!

Painted my bedroom Happy Yellow while listening to the U.S. Open weekend
before last...drank a lot of beer also.  Am amazed it turned out as well as
it did.

You said you work with someone named Hamlet, right?  Apparently he used to
live across the street from Karin and Jim, on Evans!  I didn't think there
could possibly be 2 Hamlets.  Small world.

w/b
Susan


Regarding the subject interconnect, Bennie Neatherlin/TW Operations reported
that the facilities have been sold to Duke some time ago.  The only thing
that exists on TW system for the subject interconnect is a 4" side valve that
is disconnected from the measuring facilities.  Should your prospective
producer want to come to TW at this location, we would need to provide you
with a Level "A" cost estimate for new interconnect facilities to connect to
the existing 4" side valve.  TW's line pressure at the 4" side valve would be
near 600-650 psig.  (Should they be interested in going to Duke, their line
pressure is near 400 psig.)

Would you like for us to provide you with a cost estimate?  If so, what type
of volumes are proposed and will dehy/production equipment be provided by the
producer?

Eric Faucheaux
Facility Planning
713/853-3395

Reference:
Former POI # 500269
Highland - Pecos Irrigation
Sect. 10, T23S-R28E
Eddy Co., New Mexico


Looks good to me - It should probably get one last look by Mike Corbally, too.

Dale Neuner on 12/27/99 10:33:58 AM
To: Mark Taylor/HOU/ECT@ECT
cc: David Forster/LON/ECT@ECT
Subject: Weather Review

Attached please find a Weather Long Description, modified pursuant to our
conversation this morning.
I will change the CDD Product Typre description as well. Also, last week we
changed the reference to the price quote to remove reference to "per unit of
volume".

Please review and offer approval/comments.

David:

For your ease of reference, bolding represents additional language; italics
represents changes.

Should I be changing the Norway and UK components as well, or will that be
done by PCG London?
(I am more than happy to do it.)

Dale


Tana, a little while back I requested you send Air Liquide a sample ISDA
which I know you did....  since then they have "lost" it so would you be so
kind as to send them another one.  If you need any additional information or
whatever please let me know.   Thanks Again !!   John
---------------------- Forwarded by John Malowney/HOU/ECT on 08/22/2000 05:57
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Darnell, Mark" <Mark.Darnell@Airliquide.com>
 08/22/2000 03:00 PM

To: "'John Malowney'" <John.Malowney@enron.com>
cc:
Subject: RE: ISDA

yes, are prices coming down yet?

Mark Darnell
Energy Manager
Air Liquide America
(713) 624-8342 telephone
(713) 624-8350 facsimile
(888) 751-4837 pager

-----Original Message-----
From: John Malowney [mailto:John.Malowney@enron.com]
Sent: Tuesday, August 22, 2000 4:53 PM
To: Darnell, Mark
Subject: Re: ISDA

Do we need to send you another one ??

?????????????????????????????????????????????????????
?(Embedded???? Enron Capital & Trade Resources Corp.?
?image moved?????????????????????????????????????????
?to file:????? From:? "Darnell, Mark"????????????????
?pic11026.pcx) <Mark.Darnell@Airliquide.com>?????????
?????????????? 08/22/2000 02:30 PM???????????????????
?????????????????????????????????????????????????????
?????????????????????????????????????????????????????
?????????????????????????????????????????????????????

To:?? John Malowney/HOU/ECT@ECT
cc:
Subject:? ISDA

I don't have it yet. Or I do not know where I placed it. Either way, I dont
have it.

Mark Darnell
Energy Manager
Air Liquide America
(713) 624-8342 telephone
(713) 624-8350 facsimile
(888) 751-4837 pager


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no

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Thursday, February 14, 2002 12:21 PM
To:	Parks, Joe
Subject:	RE:

Have you eaten?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Thursday, February 14, 2002 12:20 PM
To:	Hayden, Frank
Subject:	RE:

not sure, meet you in the lobby?

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Thursday, February 14, 2002 12:19 PM
To:	Parks, Joe
Subject:	RE:

Will my UBS pass work there?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Thursday, February 14, 2002 12:19 PM
To:	Hayden, Frank
Subject:	RE:

on the fourth floor

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Thursday, February 14, 2002 12:18 PM
To:	Parks, Joe
Subject:	RE:

Ground hog day.
They have asked me to sign non-compete.  I don't want to sign contract as is.
Where are you?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Thursday, February 14, 2002 12:16 PM
To:	Hayden, Frank
Subject:

you watch any of sharron watkins. she does paint a pretty picture. hows it going?


I'm attaching an article that I just received about the CPUC's and Indicated
Shippers' protests of the recent ENA deal on El Paso.   I have a call in to
Drew Fossum to talk about formulating a formal response, and I will keep you
in that loop in case you get any inquiries.  (My initial, unofficial reaction
is that with the marketing affiliate rules and other safeguards in place, the
fact that ENA and Transwestern have the same parent company should make no
difference to the FERC.)  Until further notice, I would avoid any
communication with ENA on these issues.  If you have any questions, please
e-mail or call me (x30596).

---------------------- Forwarded by Susan Scott/ET&S/Enron on 12/30/99 12:41
PM ---------------------------

Kevin Hyatt
12/30/99 12:39 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: The El Paso Controversy Continues

---------------------- Forwarded by Kevin Hyatt/ET&S/Enron on 12/30/99 12:38
PM ---------------------------
ET & S Business Intelligence
From: Lorna Brennan on 12/30/99 09:18 AM
To: Bill Cordes/ET&S/Enron@ENRON, Julie McCoy/ET&S/Enron@ENRON, Lou
Geiler/ET&S/Enron@ENRON, Tim Aron/ET&S/Enron@ENRON, Steve
Klimesh/ET&S/Enron@ENRON, Sarabeth Smith/ET&S/Enron@ENRON, Gary
Sova/ET&S/Enron@ENRON, Rob Wilson/ET&S/Enron@ENRON, Lon
Stanton/ET&S/Enron@Enron, Margaret Carson/Corp/Enron@ENRON, Rita
Hartfield/Corp/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Stephanie
Miller/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, John
Dushinske/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Michael
Bodnar/ET&S/Enron@ENRON, Joni Bollinger/ET&S/Enron@ENRON, David
Badura/ET&S/Enron@Enron, Janet Bowers/ET&S/Enron@ENRON, Craig
Buehler/ET&S/Enron@ENRON, Bob Burleson/ET&S/Enron@ENRON, Allen
Cohrs/ET&S/Enron@ENRON, John Fiscus/ET&S/Enron@ENRON, Bret
Fritch/ET&S/Enron@Enron, Steve Gilbert/ET&S/Enron@ENRON, Morgan
Gottsponer/ET&S/Enron@ENRON, Brenda Harris/ET&S/Enron@ENRON, James
Harvey/ET&S/Enron@ENRON, Stephen Herber/ET&S/Enron@ENRON, Dana
Jones/ET&S/Enron@ENRON, Jane Joyce/ET&S/Enron@ENRON, Stephanie
Korbelik/ET&S/Enron@ENRON, Therese Lohman/ET&S/Enron@ENRON, Bill
Mangels/ET&S/Enron@ENRON, Penny McCarran/ET&S/Enron@ENRON, Vernon
Mercaldo/ET&S/Enron@ENRON, Larry Pavlou/ET&S/Enron@ENRON, Eileen
Peebles/ET&S/Enron@ENRON, Maria Perales/ET&S/Enron@ENRON, Tony
Perry/ET&S/Enron@Enron, Loren Penkava/ET&S/Enron@ENRON, Ken
Powers/ET&S/Enron@ENRON, Joan Schwieger/ET&S/Enron@ENRON, Chris
Sebesta/ET&S/Enron@ENRON, Frank Semin/ET&S/Enron@Enron, Neal
Shaw/ET&S/Enron@ENRON, Larry Swett/ET&S/Enron@ENRON, Kay
Threet/ET&S/Enron@ENRON, Mike Ullom/ET&S/Enron@ENRON, Lisa
Valley/ET&S/Enron@Enron, Chuck Wilkinson/ET&S/Enron@ENRON, Jim
Wiltfong/ET&S/Enron@ENRON, Jo Williams/ET&S/Enron@ENRON, Karen
Lagerstrom/ET&S/Enron@Enron, Ray Stelly/ET&S/Enron@ENRON, Bob
Stevens/ET&S/Enron@Enron, Sue M Neville/ET&S/Enron@ENRON, Mike
Barry/ET&S/Enron@ENRON, Miriam Martinez/ET&S/Enron@ENRON, Martha
Janousek/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Don
Powell/ET&S/Enron@ENRON, Melinda Tosoni/ET&S/Enron@ENRON, Steve
Weller/ET&S/Enron@ENRON, Michael G Stage/ET&S/Enron@ENRON, Tim
Johanson/ET&S/Enron@ENRON, Mike McGowan/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON, Jeffery
Fawcett/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON
cc:
Subject: The El Paso Controversy Continues

Enron-El Paso Deal Could Mute Competition to CA

     Fearing an end to pipeline competition in California, the state's
regulators and Indicated
     Shippers have called on FERC to summarily reject the three
transportation agreements by
     which Enron North America Corp. has contracted for 1.25 Bcf/d of
unsubscribed firm
     capacity on El Paso Natural Gas.

     Approval of these agreements would give Enron Corp., parent of
Transwestern Pipeline
     and Enron North America, control over all the available transportation
capacity to the
     southern California border, warned Harvey Morris, principal attorney for
the California
     Public Utilities Commission (CPUC), which plans to submit its protest
today. Between
     the two pipelines, he estimated Enron will control 2.34 Bcf/d of firm
capacity from the
     San Juan and Permian basins to California.

     For Morris, Enron North America's contracting of the El Paso capacity
represents a
     worse threat to the pipeline's other shippers than Dynegy Marketing and
Trade, who has
     held the capacity for past two years and whose contract expires Dec. 31.
"At least then
     there was some Transwestern competition to the Dynegy situation. Now
it's Enron, the
     owner of Transwestern, who's stepping into Dynegy's shoes."

     But "what's even worse," he told NGI, is the revenue-sharing provision
in the contracts. It
     stipulates that "after Enron makes $35 million off of these contracts,
it has to share the
     proceeds with El Paso for 25% of anything beyond $35 million. So
effectively, Enron and
     El Paso have become partners in how high they can jack up the
transportation rate
     differential between the California border and the Southwest producing
basins."

     The two pipeline companies "that have for decades competed with each
other in carrying
     Southwest supplies to California are now partners. We think that's
anticompetitive, and
     there's no way FERC should approve it," Morris said. He recalled the
basis differential
     between the San Juan Basin spot price and the California border shot up
by 17% during
     1998, the first year during which Dynegy controlled the El Paso capacity
into California.
     This situation could worsen under Enron, he believes.

     "At first blush the El Paso-Enron contracts [do] not appear to contain
the same
     anticompetitive features of the El Paso-Dynegy contracts," Indicated
Shippers noted, but
     a "closer review and analysis" reveals the anticompetitive effects of
the revenue-sharing
     provision (RSP) in El Paso-Enron contracts "are not only similar" to
those of the hotly
     contested reservation-reduction mechanism (RRM) in the El Paso-Dynegy
case, "but are
     increased......due to the fact that the contracts are with a marketing
affiliate of El Paso's
     primary interstate pipeline competitor," Transwestern.

     Both the RRM and RSP "operate to provide a disincentive for El Paso and
its competitors
     to compete against each other, or to take any other action that will act
to drive down the
     basis differential that defines the market value of the capacity,"
Indicated Shippers told
     FERC in a protest filed on Wednesday [RP97-287-041]. The group includes
producers
     Amoco Production, Burlington Resources Oil and Gas, Marathon Oil, and
Phillips
     Petroleum, and two marketers - Amoco Energy Trading and Phillips Gas
Marketing.

     FERC "should reject the tariff filing immediately. The Commission erred
in allowing the
     El Paso-Dynegy contracts to remain intact for their two-year term after
finding that the
     contracts were anticompetitive. This issue is pending in the [D.C. Court
of Appeals].
     That same error should not be repeated here," the producers and
marketers said.

     The CPUC's attempt to block the Enron-El Paso contracts at the outset is
a little bit
     unusual for the agency, Morris said, but it learned its lesson following
Dynegy. "When the
     Dynegy situation first hit, we asked for FERC to investigate the matter.
We thought
     FERC did a very inadequate job then.....This time around we're asking
for FERC to
     summarily reject it. It's hard for an agency like ours to take such a
strong stand right at
     the beginning, but we've learned too much from two years of suffering
under the Dynegy
     situation. And this is even worse."

     In the event the Commission should reject California's request, the CPUC
has asked that
     an "anti-hoarding condition" be included in the contracts, which would
require Enron to
     release unused capacity into the short-term market at a price higher
than what it's paying
     El Paso for the capacity. "They must make a little profit," Morris
noted. "We're confident
     Enron can't use the entire 1.2 Bcf/d of capacity.....so there's going to
be unused
     capacity."

     The agency also wants FERC to clarify that the primary delivery point
for the Block II
     portion of the capacity (579MMcf/d) is PG&E-Topock in keeping with the
terms of the
     1996 settlement between El Paso and its customers. Morris said he agreed
fully with
     Amoco, Burlington Resources and Southern California Gas (SoCalGas),
which accused
     El Paso of violating the 1996 agreement by allowing Dynegy to use
SoCalGas-Topock as
     a primary delivery point for the Block II capacity last summer. They
contend the alleged
     violation is included in the Enron contracts.

     He also noted the CPUC will challenge the ability of Enron to call back
Block II capacity
     after it already had been recalled by El Paso shippers to serve Pacific
Gas and Electric
     (PG&E) customers in northern California. Last July, FERC granted Dynegy
the right to
     do this under its contracts with El Paso. But Morris contends the
decision violates the
     1996 settlement under which PG&E paid $54 million to preserve the right
of the pipeline's
     shippers to recall the Block II capacity to serve end-users in its
service territory.

     The CPUC also intends to challenge the Commission's decision that would
enable Enron
     to "just sit on the capacity," thereby withholding idle Block II
capacity from the market.
     Indicated Shippers also contend the Enron contracts violate the Block II
capacity
     provisions of the 1996 rate case, as well as "exacerbate" the primary
firm delivery point
     capacity-allocation issues that are pending before FERC now.

     The CPUC accused El Paso of "deliberately" filing the Enron contracts at
FERC just
     before the holidays to avoid controversy. The pipeline "is trying to
sneak one of the most
     controversial things ever past FERC right before Christmas so that
protests would be
     minimized," said Morris. "They did this with the Dynegy contracts two
years ago. They
     have a pattern of filing right at the last minute, making it harder for
people to protest and
     harder for FERC to stop it from going into effect."

,Copyright 1999 Intelligence Press Inc. All rights reserved. The preceding
news report may not
be republished or redistributed, in whole or in part, in any form, without
prior written consent
of Intelligence Press, Inc.