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?TOP STORIES

FPL ENERGY TO BUILD 1,789-MW PLANT NEAR DALLAS

FPL Energy, a unit of FPL Group, announced Tuesday details of its purchase of
a majority stake in a 1,789-megawatt power plant being developed 20 miles
east of Dallas.

FIRSTENERGY SAYS GPU DEAL STILL ON TRACK FOR MID-SUMMER

FirstEnergy Corp.'s $4.5 billion cash-and-stock acquisition of GPU Inc. is
still on schedule to be completed in the first half of this year, the
company's chief financial officer said Tuesday.

TEXAS RETAIL ELECTRIC PILOT PROGRAM FACES START-UP WOES

Texas' retail electric pilot program, scheduled to begin June 1, suffers from
a limited number of active power suppliers and a lack of consumer awareness,
but those problems aren't expected to hamper the debut of full power
competition next year, a regulatory attorney said Tuesday.

POWERGEN TO SELL ASSETS TO NRG ENERGY FOR GBP 130M

U.K. electricity firm Powergen PLC said Tuesday that it has signed an
agreement to sell its mining and power station interests in Germany and
Hungary to NRG Energy Inc. for a total consideration of GBP130 million.

MITSUI, IHI NEGOTIATING INDIAN POWER PLANT ORDER

A consortium of Mitsui & Co. and Ishikawajima-Harima Heavy Industries Co. are
in the final stage of negotiating a contract to construct six 660-megawatt
coal-fueled electric power plants, the largest in India, the Nihon Keizai
Shimbun reported in its Tuesday evening edition, citing sources of the two
firms speaking Tuesday.

Dow Jones News, Preferred by the Pros

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

PG&E/Conf. Call -5: Estimates '01 Oper Net

PG&E/Conf. Call -4: Sees '01 Oper Net $2.70-$2.75/Share

FirstEnergy/GPU-2: Rate Relief Decision Could Affect Deal

FirstEnergy Says GPU Deal Still On Track For Mid-Summer

Enron Bandwidth Unit Reports Loss For First Quarter

Enron/Conf. Call -5: Broadband Services Growing >ENE

US Co. Wins Privatization Tenders In 2 Ukraine Utilities

Enron/Conf. Call -4: Portland Genl Delay Not A Problem

Texas Retail Electric Pilot Program Faces Start-Up Woes

TVA Launches Retail Bond Program For Individual Investors

Dominion To Brief NRC On Search For Lost Spent Fuel Rods

Key Energy Earnings-4: Street Sees 4Q Net 17c/Shr >KEG

Key Energy Earnings-3: 9 Mos Fincl Table >KEG

FPL Energy To Build 1,789-MW Power Plant Near Dallas

PG&E/Conf. Call -3: No Decision On Spinoff >PCG

Edison Intl - Needs -3: Might Defer Interest Payment >EIX

Edison Intl - Needs -2: In Talks To Extend,Refinance Line

Key Energy Earnings -2: 3Q Financial Table >KEG

PG&E/Conf. Call -2: Cites National Energy Credit Rating

PG&E Corp:Natl Energy To Seek Funding For Building Plans

PG&E: Committed To Realizing The Value Of Natl Energy

Edison Intl Sees Cash Needs Exceeding Income In 2001>EIX

Pacific Gas Has Paid QFs For Power Since April 6 >PCG

Edison Intl Has $1.2B Maturing Notes, Credit Due In 2001

Enron/Conf. Call -3: Owed Money From SoCal Edison >ENE

PG&E Corp: Natl Energy Expects To Receive Funding >PCG

Enron/Conf. Call -2:Won't Give Specifics On Calif Credit

SoCal Edison - Payments -2: Owes $1.1B To Power Producers

Enron Pres Skilling Sees Threat In Govt Intervention >ENE

Enron Says It Has 'Adequate' Credit Reserves For Calif

Enron Sees 'No Material Impact' On 2001 Net From Calif

SoCal Edison Owed $2.7B, Had $2B In Cash As Of March 31

PG&E Unit May Owe Direct Access Clients $503M As Of 3/29

Brazil State To Sell 39% Cesp Stake For BRR48/1,000 Shrs

Powergen/Asset Sale -2: Debt Reduction Of GBP1.37B >PWG

Enron Corp. Earnings -2: 1Q Financial Table >ENE

Enron Corp. 1Q Net 47c A Diluted Share Excluding Items

Enron Corp. Sees 2001 Recurring Earnings $1.75-$1.80/Shr

CORRECT: Enron Corp. 1Q Net 47c A Diluted Share vs 40c

Enron Corp. 1Q Net 47c A Diluted Share vs 40c >ENE

Enron Corp. 1Q Rev $50.1B Vs $13.1B >ENE

Powergen To Sell Assets To NRG Energy For GBP130M >PWG

Dynegy Inc. Earnings -2: 1Q Financial Table, Comment >DYN

Key Energy 3Q Net 17c A Diluted Share Vs Loss 5c >KEG

US Weather: Texas Faces More Storms; Rain, Snow In NE, NW

Enron Corp. Earnings -3: Street Sees '01 Net $1.75/Share

Dynegy Inc. Earnings -3: Cites Asset Optimization >DYN

Dynegy Inc. 1Q Op Net $137.5M Vs $79.4M >DYN

Dynegy Inc. 1Q Op Net 41c A Diluted Share Vs 26c >DYN

Dynegy Inc. 1Q Rev $14.17B Vs $5.35B >DYN

Mitsui, IHI Negotiating Indian Power Plant Order -Nikkei

Reliant Energy - Outlook-2: First Call '01 EPS View $3.28

Reliant Energy 2001 EPS Target Range At $3.23-$3.29 >REI

Reliant Sees Beating 10%-12% '01 EPS Growth Target >REI

Reliant Energy Earnings-3:Wholesale Energy 1Q Op Net $216M

Reliant Energy Earnings -2: 1Q Fincl Table, Comment >REI

Reliant Energy Latest 1Q Adjusted Net 94c A Shr >REL

Reliant Energy 1Q Net Cont Ops 72c/Shr Vs Net 47c

ISRAEL PRESS: US Pressures Israel To Buy GE Gas Turbines

Weighed Dn By Calif Crisis, PG&E Posts 4Q Below Views

PG&E - 4Q -2: National Energy 4Q Net $32M Vs $29M >PCG

Public Auction Of 540-NW Vt Yankee Plant Opens Mon-VYNPC

Independent Power Producers To Meet Or Beat 1Q Forecasts

Asian Energy Watch: US And The Rest At Odds Over Kyoto

Power Restored In Some Wisconsin Areas As Storm Eases

Exelon: 1,145MW LaSalle2 Probes Reactor Trip; No Restart

Texas Power Price Keeps Rising On Early Heat

US Southeast Power Prices Jump On Supply Worry

Xcel 600-MW Monticello Back At 100% After Work Outage

US Great Plains Power Prices Jump On Maintenance, Demand

US NY, Mid-Atlantic Pwr Prices Rise On Demand, Outages

US Midwest Power Prices Surge On Tight Supply Concerns

US West Pwr Daily: SW Fluctuates; Mid-Colombia Steady

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?NATIONAL - Access stories online at:
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Edison, Pg&E Write Off Power Costs, Posting Losses for 2000 (Wrap)

Region Must Step Up to BPA's Energy Challenge

UTC Refuses to Allow Power Rates That Change by Time of Day

Calif. Power Crunch Hits Utility Results

Pacific NW to Get Major Power Plant

Fpl Energy to Build And Operate Power Plant in Northeast Texas

Poll Shows Favor for Nuclear Power

Repeats: Energy Volume And Open Interest Totals-APR 17

Cannon Technologies Chosen by Xcel Energy to Provide Enterprise Wide System
for Load Control And Curtailment

Epcor Implements Lodestar(R) Lpss(TM) for Load Profiling And SettlementRules
Engine And Easy Integration Help Alberta-Based Electric Utility Transition to
The Deregulated Marketplace

Top Energy Summaries - Tuesday, April 17, 2001 - 2:09 PM

Connecticut Governor John Rowland Starts New Fuelcell Energy Production
Facility

Court Upholds State Power Plant Law

Nuclear Power Earns Fresh Look, Despite Past Woes

Acc Supports Democrat Energy Package

Top Energy Summaries - Tuesday, April 17, 2001 - 12:20 PM

Npra Meeting Highlights Energy Cost

Pnm Reassures StateOn Summer Power

Power Energy Fuels, Inc. Leads the World in Waste-to-Ethanol Motor Fuel
Conversion

Ogj's Energy Data Warehouse

US Petrochem Long-Term Growth Stymied by Energy

Producing Electricity without Pollution Is on The Horizon for Melis Energy;
California Firm Is Turning Sunlight And Water Into Hydrogen Fuel

Trends in the Region: Bringing Natural Gas to Rural North Carolina IsSlowGoing

Calif. County Tax Bills Go Unpaid As Utility Sinks Into Bankruptcy

Electric Power: More States Now Thinking Twice About UtilityDeregulation

Threat of Electric Companies Defaulting on Taxes Downplayed by
Calif.Treasurers

Power Struggle Brews Between Tacoma, Wash., And Utilities Commission

Most Energy And Telecommunications Companies Are Involved in Convergence of
Industries, KPMG Survey Reveals

Top Energy Summaries - Tuesday, April 17, 2001 - 9:22 Am

Maxim Power Corp. Announces Acquisition of Evi Flare Gas Reduction Project

Fuel Costs: Include Illinois' Coal Reserves in U.S. Energy Plan

American Power Conversion Solutions for Sun Technology Available Through
Solutionssite.Com

Energy Crisis Sends Pg&E Corp. Reeling

U.S. Laboratories Awarded Contract from Reliant Energy

Proton Energy Systems, Inc. Validates Fuel Cell System Performance for
Critical Power Systems

On Again: Judge Oks Qns. Power Generators

Independent Electricity Producer Posts Big Profits / Independent Power Firm
Doubles Profits

Davis Names New Top Energy Adviser / Freeman to Spearhead Major Conservation
Effort

Committees Pass Renewable Energy Bills

Top Energy Summaries - Tuesday, April 17, 2001 - 7:40 Am

Talisman Pays a Hefty Sum for Canadian Natural Gas Producer Petromet

Lukens Energy Group Launches Energy Ventures Division

?INTERNATIONAL - Access stories online at:
http://www.powermarketers.com/pma-intr.htm

Treasury Seeks Privatization Adviser for Kozienice, Dolna Odra & Ostroleka
Power Plants

China's 1st Clean Coal Duns-Fired Power Plant Set Up

AGREEMENTS BETWEEN COUNTRIES TARGET ENERGY, AGRICULTURE

Britain Agrees to Fund Zambia-Tanzania Power Connection Consultation Services

Aes to Acquire Electric Distribution Company in The Ukraine

Reactor at Smolensk Nuclear Power Plant Connected To National Energy System

Alliant Energy Resources Helps Meet Global Energy Supply Needs with Addition
of Hydroelectric Facilities

Red El,ctrica To Provide Consultant Services for the Electric Interconnection
between Tunisia and Libya

Greens demand closure of nuclar power station at Temelin

Ukraine: Head of National Nuclear Energy Company Appointed

Mirant Signs Three-year Cooperation Agreement with Sate Power Corp.

Construction of Bushehr Nuclear Power Plant Will Not Break International
Agreements - Rumyantsev

Two Power Units of Zaporizhia Npp Switched Off Over Weekend

Kerdos: Aluminium De Grece to Enter Power Generation Using Natural
Gas(Alouminion Tis Ellados: Kai Sto Fysiko Aerio Me Nea Monada )

Solid Oxide Fuel Cell Breaks Record

Alberta Energy Company Ltd - Ladyfern Gas Discovery to Flow in June

Maxim Power Corp - Year End Results Highlight Extraordinary Growth

Saudi invites "serious partners" for mega energy projects

Nrg Energy Buys Powergen's German And Hungarian Assets

Chile: Enersis Plans to Set Up Power Units in Brazil

Uk: Rolls-Royce to Install Power Generator in Ushuaia

Cambodia to Build Power Link with Vietnam

UN: Energy And Climate to Top Agenda of Earth Summit Commission

Nuclear Power Being Bullish

Scottish Power PLC--"Scottishpower"--Change of Directors' Responsibilities

UN: Sustainable Development Commission Hears Proposals for Better Access to
Energy -- Part 2 of 2

Japan's Mitsui, Ihi Negotiate US$4 Bln Indian Power Plant Order

Turkish Parliament to Debate Bill on Purchase of Natural Gas from Egypt

Statistics - China's Power Installed Capacity in 2000

Northwest China Power Plant Goes Into Operation

Chinese Province of Anhui Seeks Investment for Power Project

Japan's Electric Power Development Buys Stake in Thai Power CO

Powercor Australia to sell retail business to Origin Energy for 315 mln aud

Beijing, Guangzhou Light Up Chinese Utility Prices

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

-Judge Rejects Oklahoma Gas Firm's Request to Stop Contempt Hearing

-Air Conditioner Energy Standards Proposed by Bush Administration

Virginia Regulators Mull Utilities' Plans to Let Operator Control Power Grid

Scientists Seek Upgrade for Newport News, VA., Energy Research Lab

Idaho Irrigators Bring Bad News on Water Levels from Initial Survey

Oklahoma Official Criticizes Tulsa, Okla.-Based Energy Firm

Pierce County, Wash., Power Producers May Help with Regional Energy Crisis

Chicago-Based Gas Utility Gives Reprieve to Customers Facing Service Cutoffs

California Leaders Gain Support for Power Price Controls

Seattle City Utility Racks Up $92 Million in Power Purchases in March

California Bid to Keep Energy Gets Boost

Many Democratic Lawmakers in California Push to Seize Generators

California Electric Utility Could Get Big Breaks If State Buys Grid

Rate Increase Wipes Out Greensburg, Pa.-Based Utility's Advantage

Battle for Houston's Water Projects Is High-Stakes Game

Houston-Based Energy Company Logs a Doubling of Profits

Houston Chronicle Jim Barlow Column

The Dallas Morning News World View Column

Consumer Advocate Wants Probe of South Carolina Natural Gas Firms

California Utility Executives Didn't Get Bonuses, Received Pay Raises Instead

Latham, N.Y.-Based Power Company's Fuels Cells Will Be Ready Early

Energy Choice Program in Akron, Ohio, Area Loses Natural Gas Marketer

?REUTERS - Access stories online at:
http://news.powermarketers.com/news/articles/ElectricPower.html

UPDATE 1-Enron CEO uses vulgarity in attack on fund manager

Washington calls on its cows to ease energy crisis

Alcoa keeps idled production flat despite NW power issue

Calif. lawmakers get cash from energy firms-report

WRAPUP1-Calif. utility has huge loss, Texans strike it rich

Global Power IPO could raise up to $132 mln

UPDATE 4-Dynegy earnings soar as it profits from volatility

Xcel unit Northern States files shelf for $600 mln

Enron Broadband posts expected loss amid mixed growth

UPDATE 4-Enron beats Q1 profit targets

UPDATE 3-Edison Int'l takes $2.52 bln charge, posts big loss

UPDATE 1-PSEG net slip contained by non-utility gains

Edison pays suppliers, interest to bondholders

SoCal Edison faces 17 lawsuits from power producers

FPL to build 1,789-MW gas-fired Texas power plant

UPDATE 1- PG&E reaffirms 8-10 pct earnings target for 2001

Duke Energy first quarter earnings up on power business

TVA says selling bonds to ordinary investors

PSEG asked to build Calif power plants

U.S. Midwest faces tight summer power supplies

Edison Int'l says not now providing earnings guidance

TABLE-Public Service Enterprise Q1 earnings slip

NY judge OKs building power plants on appeal-paper

UPDATE 3-Dynegy earnings soar in first quarter

PG&E reaffirms 8-10 pct earnings target for 2001

UPDATE 2-Ukraine to sell stakes in three utilities

UPDATE 1-First Energy earnings drop on deregulation costs

UPDATE 1-NRC to meet Dominion on missing fuel rods at Millstone

DPL names Elizabeth McCarthy CFO

Edison considers sale of two UK power plants

ADVISORY

NRC to meet Dominion over missing fuel rods at Millstone

Edison Int'l takes $2.5 bln charge, posts loss

UPDATE 1-Deregulation dampens Swedish inflation -Backstrom

ADVISORY-NRG Energy agrees to buy Powergen assets

Powergen sells European assets to U.S. NRG

Enron Corp. beats first-quarter targets

TABLE-Dynegy Q1 results

Dynegy Q1 earnings soar 73 percent

PRESS DIGEST - Wall Street Journal - April 17

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Part 2

Game Quotes . .

"We actually had an Aggie block. We'd worked on it all week, but it wasn't
working, so we went back to our regular block ande I just had to beat the guy
in front of me. When I saw it was a linebacker, I knew he was in trouble.
Linebackers aren't quick enough to block me. If I can't get by a big old guy
like that, I don't deserve my scholarship."
- Longhorn cornerback Rod Babers, who blocked the punt that resulted in UT's
first-quarter touchdown
* * * *
"We were both on the right side (he and Babers) and they weren't zone
blocking like we do. They were in man-for-man, and all we had to do was beat
the guy in front of us. That's my first touchdown as a special teams player."
- Texas wide receiver Tony Jeffery, who scooped up the ball Babers blocked
and ran it in for the game's first touchdown
* * * *
"We did a good job against the run. I thought Maurice Gordon probably played
as good as he's every played for us. Their center (All-Big 12 Seth McKinney)
is a good ball player and at times he couldn't block him. I thought all our
guys played pretty well today. This was a good old-fashioned football game,
with both teams playing good defense, and a break or two deciding the
outcome."
- UT defensive coordinator Carl Reese
* * * *
"We felt like if we would just hang in there and hang in there, we'd
eventually get the running game going, and Cedric (Benson) and the offensive
line did a great job in the fourth quarter. With Cedric, you don't have to
abandon the running game because you know he'll break loose sooner or later.
We didn't want to take too many chances and give them a short field because
we knew they would have a hard time making a long drive with our defense
playing so well."
 - Texas defensive coordinator Greg Davis
* * * *
"It never got easier, but it did get better. I think our linemen finally wore
them down and I started getting a little more room. It would have been nice
to get 1,000 yards, but winning the game is the main thing, and we did that."
 - Texas running back Cedric Benson
* * * *
"Give the Longhorns some credit. Their defense is really good. It ranks with
any we have seen this year."
- A&M quarterback Mark Farris
* * * *
"The game was up for grabs in the fourth quarter. They just made some plays.
It was 7-7 and they did what they had to do in the fourth quarter to go up,
14-7. They have some great offensive weapons, and we held them in check for
most of the game."
- A&M head coach R. C. Slocum

Texas-Texas A&M Statistics

Scoring Summary
Texas            7         0         0      14  -      21
Texas A&M        0         0         7       0  -        7

UT - Jeffery 23 blocked kick (Mangum kick) 7:441Q
A&M - Joseph 4 run (Scates kick) 10:45 3Q (5 plays, 27 yds)
UT - Benson 5 run  (Mangum kick) 7:22 4Q  (6 plays, 35 yds)
UT - Benson 11 run  (Mangum kick) 1:15 4Q  (2 plays, 12 yds)

        Official Attendance: 87,555

Team Statistics

                             Texas    Texas A&M
First Downs           14             10
Rushing                  6             3
Passing                     7              6
Penalty                     1              1
Rusheas, Net Yards           35-97           31-48
Net Yards Passing        138            117
Passes Comp., Att., Int. 16-33-0          17-38-2
Total Plays, Offense        68-235        69-165
Avg. Gain per Play                 3.5         2.2
Fumbles Lost                     0 of  1         0 of 2
Penalties, Yards                6-49          6-45
Punts, Avg.                   11-31     10-29.3
Time of Possession      28:51        31:09
Third-Down Conversions    4 of 17       4 of 18
Fourth-Down Conversions     1 of 1       1 of 2
Sacks by Team, Yds Lost     4-21           2-9

Individual Statistics

Texas

Rushing - Benson 27-79, 2 TD; Simms 7-10; Robin 1-8.
Passing -  Simms 16-33, 138 yds, 0 TD, 0 Int.
Receiving - R. Williams 8-56; Scaife 3-40; Robin 2-18; Thomas 2-16; B. J.
Johnson 1-8.

Texas A&M

Rushing - Joseph 23-71, 1 TD; Weber 2-2; Flemming 1-minus 3; Farris 5-minus
22.
Passing -Farris  16-37, 123 yds, 0 TD, 2 Int.; Porter 1-1, minus 6 yds, 0TD,
0 Int.
Receiving - M. Jones 2-29; Porter 3-26; Murphey 4-23; T. Thomas 2-16; Weber
2-15; Joseph 2-12; Goynes 1-2; Farris 1-minus 6.

Tackles by Texas Players, Unasst., Asst., Total

Rawls 3-4-7; Pearson 2-5-7; Brooks 0-7-7; Gordon 3-3-6; Thornton 3-3-6; Lewis
2-4-6; T. Jones 2-3-5; Redding 2-3-5; Babers 3-1-4; Trahan 3-1-4; D. Johnson
2-2-4; Ungar 2-1-3; Jammer 0-3-3; Tubbs 1-1-2; Hill 1-1-2; Vasher 0-2-2; Boyd
0-2-2; Robin 0-1-1; Doiron 0-1-1- J. Anderson 0-1-1.

Tackles for Losses: D. Johnson 2-minus 8; Thornton 2-minus 7; Redding 1-minus
5; T. Jones 1-minus 5; Gordon 2-minus 4; Pearson 2-minus 2; J. Anderson
1-minus 2; Babers 1-minus 1.

Sacks: Tubbs 1-minus 7; Gordon 1-minus 7; Redding 1-minus 4; Redding 1-minus
3.

Key Statistics

Texas A&M started three drives in Texas territory and the Aggies scored their
touchdown on a 27-yard drive on one of them, but missed a field goal and
punted on
the other two possessions. Texas started two drives in Aggie territory, both
in the fourth quarter, and scored touchdowns on both drives.

Scouting Colorado

Texas and Colorado meet for the second time Saturday at 7 p.m. in Irving's
Texas Stadium in the Big 12 Conference Championship Game.
It will be televised nationally by ABC and it should be a good one. Texas is
an 8-point favorite.
The Longhorns mauled the Buffaloes, 41-7, on Oct. 20 in Austin, but that
Colorado team bore little resemblance to the one that hung a 62-36 lashing on
No. 1-ranked Nebraska Saturday.
For starters, Bobby Pesavento, who passed for 202 yards against Nebraska, got
his first start against Texas and he looked like a first-time starter.
He was a poised, confident sharpshooter Saturday against Nebraska, the
perfect complement for the Buffs' power running game that produced 380 yards
and eight rushing touchdowns against the proud Blackshirt defense of Nebraska.
Sophomore Chris Brown scored a school record six rushing touchdowns while
rushing for 198 yards. He had 26 yards against Texas in October.
 Colorado is 9-2. It's only losses were 24-22 in the season opener with
Fresno State and the one at Texas. The nine victories were 41-14 over
Colorado State, 51-15 over San Jose State, 27-16 over Kansas, 16-6 over
Kansas State, 31-21 over Texas A&M, 22-19 over giant-killer Oklahoma State,
38-24 over Missouri, 40-27 over Iowa State and, of course, the big one over
Nebraska.
Texas won the first game against Colorado by using four first-half turnovers
to take a 24-7 lead and force the Buffaloes the abandon their running game
and try to play catchup.
In that game, Colorado had 244 yards offensively in the first half, but was
stymied by a fumble at the UT 4 on first-and goal, a fumble at the CU 21 that
set up a Texas field goal, and another fumble at the Buff 35 that set up
another UT touchdown.
Unless history repeats and the Horns force more early turnovers, this game
will be a terrific challenge for Texas.
I think there are three keys to a UT victory:
1. Win the turnover battle again.
2. Keep balance between running and passing, but challenge the Buffs suspect
pass defense frequently.
3. Slow down Colorado's power running game, which ranks No. 9 nationally at
229 yards a game.

Here's how the teams compare statistically (national rank in parenthesis):

Texas                    Colorado
Offense
(45)     168.7       Rushing Avg.          (9)   229.0
(47)     239.4     Passing Avg.       (62)   214.5
(38)     408.1      Total Off. Avg.       (15)  443.5
(4)        39.4      Scoring Avg          (26)    32.5
Defense
(3)         77.4         Rushing Avg.         (40)  132.1
(4)       149.9      Passing Avg.         (57)   215.7
(2)       227.3     Total Def. Avg.       (39)   347.8
(2)        11.4  Opp. Scoring Avg        (35)     22.1

Big 12 Roundup

Two huge upsets last week played topsy turvey with the Big 12 standings,
giving Texas the undisputed Southern Division title and pulling Colorado into
a tie with Nebraska in the Northern Division.
Since Colorado beat Nebraska in their head-to-head matchup, the Buffs will
play the Longhorns Saturday in Irving's Texas Stadium for the league title.
SOUTHERN DIVISION STANDINGS
                Conference              Season
                W   L   PF    PA     Pct.      W   L    PF     PA     Pct.
Texas           7    1  295     78     .875    10    1  433    125     .909
Oklahoma        6    2  207   126     .750    10    2  387    166     .833
Texas Tech  4    4  244   215     .500      7     4  386    262     .636
Texas A&M       4    4  130   157     .500      7    4  220    204     .636
Okla. State     2    6  179   241     .250      4    7  226    297     .364
Baylor          0    8  109   329     .000      3     8  205    357     .277

NORTHERN DIVISION STANDINGS
                Conference                   Season
                W   L   PF     PA      Pct.     W    L   PF    PA     Pct.
Colorado        7    1  243   190     .875       9    2   357  243     .818
Nebraska        7    1  311   155     .875     11    1   449  189     .917
Iowa State      4    4  203   189     .500       7    4    296   231     .636
Kansas State    3    5  213   166     .375       6     5   327  179     .545
Missouri        3    5  180    249    .375       4    6   233   275    .400
Kansas          1    7  114    333    .125       3    8   182   398    .277

Last Week's Results

Texas 21, Texas A&M 7
Oklahoma State 16, Oklahoma 13
Colorado 62, Nebraska 36
Texas Tech 58, Stephen F. Austin 3
Baylor 56, Southern Illinois 12
Kansas State 24, Missouri 3
Iowa State 17, Iowa 14
Kansas 27, Wyoming 14

Saturday's Games
Texas vs. Colorado, Texas Stadium, 7 p.m. (ABC-TV)
Missouri at Michigan State, 11 a.m.

2001 Longhorn Schedule, Record (10-1)
                                    Texas  Opp.
Sept. 1 New Mexico State      41      7
Sept. 8 North Carolina    44    14
Sept 22 at Houston        53    26
Sept 29 Texas Tech        42      7
Oct. 6      Oklahoma (Dallas)       3   14
Oct. 13     at Oklahoma State     45    17
Oct. 20     Colorado          41      7
Oct. 27     at Missouri       35    16
Nov. 3          at Baylor         49    10
Nov. 10     Kansas        59      0
Nov. 23     at Texas A&M      21      7
Dec 1       Colorado (Irving)

Scoring by Quarters

Texas        101   130  89     129  -   433
Opponents     24    55  14      32  -   125

Last Meeting Highlights

When Texas beat Colorado, 41-7, on October 20 in Austin, QB Chris Simms
completed17 of 28 passes for 234 yards and 3 touchdowns, and freshman RB
Cedric Benson had 23 carries for 100 yards and 2 touchdowns. The Longhorn
defense gave up 244 yards in the first half, but forced four game-turning
turnovers.

Coach's Corner

Coach Mack Brown has told his team and Longhorn fans all season that good
things happen to teams who keep winning.
After a mid-season loss to Oklahoma, the Longhorns have reeled off six
straight wins, and Oklahoma State's stunning upset of Oklahoma Saturday gave
Texas the Big 12 Southern Division title.
"Obviously," he said, "we are excited about it because it proves to our guys
that when people questioned whether their season was over after the Oklahoma
game, that it wasn't."
"They realized that what they needed to do was take care of their business
and there might be some good things that happen at the end."
"Our team could've taken the Missouri game or the Baylor game for granted,
but they didn't. They took care of their business every week. They didn't
worry about the BCS and now they've got themselves in position for a
championship game for the second time in three years."
"We are really, really excited. I am proud of our team and of the way they
played at College Station. What an awful thing it would have been if we had
not taken care of business (Friday) in College Station and this would have
happened (OU's loss Saturday)."
"So, give credit to our team for being mature, playing hard and putting
themselves in position to have a rematch with Colorado."
He also said the Longhorns' 41-7 victory over Colorado in Austin back on
October 20 means little because "this isn't the same Colorado team we played
at mid-season."
"Any team that can get 62 points against Nebraska gets your attention," he
said. " I think it is obvious that Colorado is a great football team. They
are running the ball as good as anybody in the country right now."
"What a great challenge it will be for our defense, which has played as good
as any defense  in the country," he said. "That will be a great matchup."
Brown said the Longhorn offense had a tough day against A&M. "We will need to
play better on offense in this game and what a great challenge it will be to
try to stop Colorado from running the ball as well as they ran it against
Nebraska," he said.
Brown also said Saturday's game is huge because it is for the Big 12
Championship
"You always want to win your conference championship," he said. "It is one of
your first goals each year. This is our second opportunity to win a
conference championship in four years here and are we excited."
"The BCS is not an issue today and a bowl game is not an issue today," he
said. "This is what you fight to get into, but when you get there, you've got
to win. After that, you try to look up and figure out where you are."
But Brown said beating Colorado again is a huge challenge for the Longhorns.
"If our guys weren't convinced before the Nebraska game, we will convince
them that this Colorado team is different," he said.
"Give (Colorado coach)  Gary Barnett credit. He took his kids to Texas
Stadium this summer and said that is where we want to end up, and as of
(Saturday), nobody thought that Colorado and Texas would end up in this ball
game."
"So, give both teams credit," Brown said. "It is two teams that have been
down this year and have gotten themselves back up, gone back to work and are
playing as well as anyone in the country at the end of the year."
"One of the things that we have talked about with this team is respect. You
need to respect yourself and your teammates, but you also need to respect
your opponent. Every Saturday has to be a real important game for us and a
really exciting game for us. Our guys will play hard this Saturday because
they understand what is at stake."
"To win the conference championship in this league," Brown said, "you have to
beat the same team twice a lot of the time. That is something that is just
there. To be the champion you have to do it, so we are excited about it.
There is no question that it is harder, because they will have a lot of
motivation coming in. But we are also going to have a lot of motivation
coming in to try to be the champions of the Big 12."
He said the players and coaches are excited about the challenge.
"This is a championship game week," he said. "You understand that this is
like playing your biggest rival and that makes it fun. What we have to do to
win the championship every year is play a huge rival like Texas A&M and then
play this game the next week. We need to get used to that."
"There are a lot of things that are different now in the Big 12 that they
were around here for a long time with the Southwest Conference. One of them
is being able to play big game after big game and especially at the end of
the year."
"We have been here before, but we haven't taken the other step yet. This is
the week for us to take the other step and win the championship."
"Our players are the reason why we are here. Different things have happened
throughout the year and this was just the latest one."
"The reason we are playing in this game is our assistant coaches and our
players have worked really hard to take advantage of every opportunity that
they have had since the Oklahoma game. They never got their head down and
still believed. They kept themselves in a position to win if the opportunity
came up."
Brown had planned a big recruiting push this week, but said, 'We will put our
recruiting on hold. All of the coaches could go out on Monday for the first
time and be in schools and the homes, but  the players out there will
understand that our recruiting will be better by winning the championship
game."


This deal should be with APB, not Prebon. Trader error. I'll change this when
the calc is over - in about 45 minutes.

Evelyn Metoyer@ENRON
11/17/2000 02:30 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 11-17-00 discrepancies

Mark Fischer
deal 461972
error:  Prebon does not recognize this deal.


Louise,

Great news that you are coming to the Monterrey Conference!
FYI, conferences in both cities are pretty full already.  We have almost 100 people confirmed for the Monterrey event, and 85 for MExico City.
The audience is basically Finance Directors, Treasurers and Purchasing Managers of the top industries in Mexico.  We covered pretty much the whole country, so in Monterrey there are people coming from all the northern states, such as Tamaulipas, Nuevo Leon, Coahuila, Chihuahua, Sonora, Durango, Zacatecas, Etc.

The agenda is attached, and I'll Jump-start the conference, talk about the agenda, introduce the members of the Enron de Mexico Team that will be present, including you and then,  Suggestion: I think we should dedicate a minute of silence, in respect to the victims of last week's events.  After that, I will introduce you, and then pass you the microphone. There will be simultaneous translation so you can feel free to talk in English.

Suggested talking points:

- Review Enron's Primary Achievements in Mexico:
	- Providing Risk Management Products for the Mexican Industry
		- Leveraging Enron's Major Strengths and Capabilities
		- Leading provider of Natural Gas and Fuel Oil Derivatives
		- Serving the Top-200 energy-intensive private companies in Mexico
		- Providing specific products for the Mexican market
		- Helping businesses to increase thier optionality in a regulated environment

	- Monterrey Cogeneration Plant
		-  245 MW Cogeneration Facility located in Garcia, Nuevo Leon (about 20 miles west of Monterrey).
		- Natural Gas fired GE 7FA gas turbine is the anchor piece of equipment used at the facility.
		- Commercial Operations set for October 31, 2002.

- Expand our Business in the Future:
		- Derived from the Integration of Mexico - US Energy Markets
		- Provide Transparency and Optionality to markets (Power and Gas)
			U.S. - Sourced Power
			Cogeneration or Combined Cycle facilities

I will coordinate with Tammy for picking you up at the Monterrey Airport. Let me know if you want to have lunch or if you plan to eat during your flight.

Best Regards,
Jaime Williams

Steve sent you a breifing on the Vitro Plant, in case the topic it comes up:

The following is a brief bullet point description of the Monterrey Cogeneration Plant to incorporate intom the information you are send Louise in preparation for the conference tomorrow.

*  245 MW Cogeneration Facility located in Garcia, Nuevo Leon (about 20 miles west of Monterrey).
* Natural Gas fired GE 7FA gas turbine is the anchor piece of equipment used at the facility.
* Commercial Operations set for October 31, 2002.
* Power Purchasers are Vitro (110 MW), Imsa (90 MW), and Apasco (40 MW) under 15 year PPAs.
* Vitro subsidiary Alcali to be supplied 210 tons per hour of steam under a 15 year SPA.
* Transmission and Distribution of the electricity to be provided by the CFE.
* Natural Gas to be provided by PGPB (Pemex).
* Financing provided by the Inter-American Development Bank.
* Major Equipment Foundations have been completed at the Construction Site, and equipment is beginning to be placed on the foundations.
* The offtakers of energy from this plant are expected to save over US$ 400 MM over the term of the 15 year agreements

A couple of other things to note are to the extent the project comes up, all Enron people should refer to the project as the Monterrey Cogeneration Plant and not the Vitro plant so as not to diminish Imsa and Apasco, and to the extent we are questioned on the sell-down of the equity the response there is that initiative, while not finalized, is being pursued to manage Enron's balance sheet and that Enron will continue to maintain a significant equity interest in the facility.


Trade counts by 4:00 pm since October 1:

TRADE DATE	TRADE CNT
11/6/2001	6283
11/5/2001	6523
11/4/2001	37
11/3/2001	59
11/2/2001	5853
11/1/2001	6575
10/31/2001	7141
10/30/2001	5761
10/29/2001	7152
10/28/2001	8
10/27/2001	12
10/26/2001	6792
10/25/2001	8405
10/24/2001	8001
10/23/2001	8567
10/22/2001	7916
10/21/2001	34
10/20/2001	4
10/19/2001	7988
10/18/2001	7654
10/17/2001	7425
10/16/2001	7155
10/15/2001	5428
10/14/2001	19
10/13/2001	16
10/12/2001	6107
10/11/2001	5950
10/10/2001	6261
10/9/2001	5280
10/8/2001	5117
10/7/2001	53
10/6/2001	17
10/5/2001	5854
10/4/2001	6487
10/3/2001	5953
10/2/2001	5405
10/1/2001	5245

Counterparty data is in the spreadsheet:

--jay


Hi Katie:
Thought IEP folks might be interested.
Best,
Jeff

Wednesday March 14, 12:22 pm Eastern Time

US Senate rejects California utility bankruptcy measure
By Patrick Connole

WASHINGTON, March 14 (Reuters) - The U.S. Senate on Wednesday rejected a bid
to force California utility companies to repay power generators for
electricity they bought under a federal government sales order, even if
utilities go bankrupt.

In a motion on the Senate floor, lawmakers killed an amendment to a broader
bankruptcy reform bill that opponents said was a dangerous proposal that
would have opened the door to involuntary bankruptcy filings by troubled
California utilities. The utilities in question are PG&E Corp.'s (NYSE:PCG -
news) Pacific Gas & Electric and Edison International's (NYSE:EIX - news)
Southern California Edison.

The amendment was sponsored by Oregon Democrat Sen. Ron Wyden, Montana
Democrat Sen. Max Baucus and Oregon Republican Sen. Gordon Smith.

Proponents said the measure would have protected the customers of the
federally-owned Bonneville Power Administration and other Northwest utilities
from unfair rate increases due to the California energy crisis.

``I don't think it's fair for consumers in other Western states to get caught
holding the bag if California utilities take our power and then run into
bankruptcy court to avoid their debts,'' Wyden said.

``The Northwest has been more than a good neighbor to California during this
crisis,'' he said.

Interestingly, the California Senate delegation was split on the matter.
Democrat Dianne Feinstein opposed the amendment, while fellow Democrat
Barbara Boxer supported it.

Feinstein called the proposal a ``dangerous amendment'' that would create two
classes of creditors and ``probably force an involuntary bankruptcy.''

The broader bankruptcy reform bill is expected to be approved by the Senate
by the end of the week.

Separately, talks between California and its three investor owned utilities
on a deal under which the state might buy their transmission assets continued
this week with no deal in sight.

The state is negotiating with PG&E and Edison, along with Sempra Energy
(NYSE:SRE - news) unit San Diego Gas and Electric.

The deals are aimed mainly at pumping money into PG&E and SoCal Edison to
keep them out of bankruptcy after they recorded about $13 billion in red ink
since last spring, paying sky-high prices for power in the wholesale market.

PG&E and SoCal Edison, under the terms of the state's disastrous experiment
with market deregulation, have been able to pass on to their retail customers
only a fraction of their power purchase costs.


FYI --
---------------------- Forwarded by Michael Neves/HOU/ECT on 06/06/2000 05:19
PM ---------------------------

Information Risk Management on 06/06/2000 05:26:51 PM
To: Michael Neves/HOU/ECT@ECT

Subject: Request Closed:  Access Request (MNES-4L2JK4)

The following resource request has been closed. A summary of the request
appears below. To see your original request, please click on the Request Link
icon.

Request Number:	MNES-4L2JK4
Requested For:	Tana Jones/HOU/ECT
Request Link:

	Requested Resource(s)
	Name	Cost	Status	Implementation Comments
	Application/Database
	Unlisted Lotus Notes Applicti...		Completed	Added Samantha Boyd to the ECT Legal - Swap -
Users group. Please allow approx. 1 hour for the change to replicate to all
of the Address Books.


The receivables deal has been terminated. Feel free to net and setoff to your hearts content.

 -----Original Message-----
From: 	Murphy, Harlan
Sent:	Tuesday, November 27, 2001 9:48 AM
To:	Heard, Marie; Ephross, Joel; Cash, Trey; Gray, Barbara N.; Winn, Melinda; Clark, Morris
Subject:	BNP Paribas Master Netting Agreement

Here is the current draft of the Paribas Master Netting Agreement.  We intend to execute this this morning.  The entities and agreements may change prior to execution.  Contact me with any questions.

 << File: BNP PARBS MSTR NTTG 11-27-01 CLEAN I.doc >>

Harlan E. Murphy
Enron Wholesale Services - Legal
1400 Smith Street, EB 3811
Houston, Texas 77002
Tel: 713.345.2679
Fax: 713.646.3490
E-mail: Harlan.Murphy@Enron.com


I kept your contact list, but now I can't find the CV you sent.  Would you
mind resending?

Kevin Scott <kevinscott@onlinemailbox.net> on 06/20/2001 02:02:00 PM
Please respond to kevinscott@onlinemailbox.net

To: Steve Kean <skean@enron.com>, Jeff Skilling <jeff.skilling@enron.com>

cc:

Subject: Public Policy Contacts for California

Jeff and  Steve
?
As you requested, I have  prepared a list of my preferred public policy
contacts?for  California.? It is composed of professionals from an array of
public,  private and non-profit backgrounds.? I have worked in some capacity
with?each of these people?and most I know quite well.?
?
Please call me for further  background.
?
Kevin
213-926-2626
?
Attachment
 - Kevin Scott -  Preferred Contacts - 6-20-01.doc


> Market Participants,
>
> The Cal-ISO has begun preparations for performing the 2001 California
> ISO-Controlled Grid Transmission Expansion Plan Study.  We have developed
> a draft Study Plan and are developing Base Cases to perform this year's
> study that will supplement the PTOs annual Transmission Expansion Plans.
> The draft Study Plan has been posted on the ISO Web site :
> http://www.caiso.com/docs/2001/02/05/200102051453183570.html
>
> In addition, the Cal-ISO has begun preparations for performing the
> technical study to determine RMR MW requirements for the ISO-controlled
> grid for 2003. The results of this Study will be used in the 2003 LARS
> process tentatively scheduled for the 2nd quarter of 2002. Some
> preliminary work has been done to formulate a draft Study Plan and to
> develop Base Cases to perform the 2003 RMR Technical Study. The draft
> Study Plan has been posted on the ISO web site:
> http://www.caiso.com/docs/2001/05/10/2001051009374418560.html
>
> A joint Controlled-Grid and RMR Study "kick-off" Stakeholder meeting will
> be held on Monday June 11, 2001, between 10:00 a.m. and 4:00 p.m., in
> Conference Room 101A-Rooms 1a & 1b at Cal-ISO Headquarters on 101A Blue
> Ravine Road in Folsom to discuss these preliminary Study work products.
> THE FOCUS OF THIS MEETING WILL BE ON TECHNICAL STUDY ISSUES - NOT ON
> POLICY.   The meeting agenda is attached.
>
> Please RSVP by Wednesday June 6, 2001, including the number of attendees
> from your organization, to Linda Wright of the Cal-ISO at (916) 351-4470
> or lwright@caiso.com.
>
> If you have questions regarding the meeting arrangements, please contact
> Linda. If you have questions regarding the Study efforts, please contact
> Steve Mavis at 916-351-2112 or smavis@caiso.com.
>
>
>
>
>  <<agenda jun11.doc>>

 - agenda jun11.doc


forgot to copy you
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 03/01/2001
09:31 AM ---------------------------

Rhonda L Denton
03/01/2001 09:30 AM
To: Mark Guzman/PDX/ECT@ECT
cc:
Subject: Deal No. 534624

I have changed this deal to Sempra Energy Trading Corp. from Sempra Energy
Resources.  Please select Trading Corp. for all physical power deals.


hey Char,  Just wanted to write and let you know that i had a great time
hanging out with you last night.  I hope you know that I have always
considered you one of MY friends too and I was very stoked that you seem to
feel the same way.  Anyway have a great weekend and make sure to keep in
touch.  And anytime you are game to grab a beer or you are hanging out in my
part of town please give me a call.  Keep in touch sweetie!


Hi Joe,
I am waiting to hear back from Centana's attorney. As soon as I hear
from him (re escrow account duties and required contract provisions) and
make any necessary revisions, I will forward the document to you.
Shemin


Bryson?


Guys can you give me a view on Q4 earnings ie) deals and value.

Regards
Delainey


Done!  You're welcome!

 -----Original Message-----
From: 	Jones, Tana
Sent:	Friday, October 12, 2001 3:04 PM
To:	Spencer, Becky
Subject:	FW: Paralegal Luncheons

Can you change on my calendar.  Thanks!
 -----Original Message-----
From: 	Gonzalez, Esmeralda
Sent:	Friday, October 12, 2001 3:03 PM
To:	Bailey, Susan; Boyd, Samantha; Heard, Marie; Jones, Tana; Panus, Stephanie
Cc:	Cook, Mary
Subject:	Paralegal Luncheons

Please note on your calendars we have changed the Paralegal Luncheon from Thursday's to Wednesday's, starting on Wed., Oct. 24, 2001 from 11:45 a.m. - 1:00 p.m.

Esmeralda Gonzalez
Enron North America Corp. - Legal
1400 Smith Street, EB3815
Houston, Texas 77002
E-mail: Esmeralda.Gonzalez@enron.com
Phone: 713.345.7621
Fax: 713.646.3393


-----Original Message-----
From: 	Monterrey, Maribel
Sent:	Thursday, October 18, 2001 5:55 PM
To:	Lambert, Karen; Jones, Tana; Schott, Samuel; Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; Bradford, William S.; Lees, Lisa; Fayett, Juana; Morse, Jana; Le, Trang; Maley, Paul; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, Amy; Lafuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Ebow, Amber; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi; Taylor, Mark E (Legal); Lauer, Kara; Banner, Kimberly; Mcquade, Jennifer; George, Fraisy; Guillory, Michael; Rajaram, Aparna; Monterrey, Maribel; Lebeau, Maria; Escamilla, Albert; Curry, Ken; Lebrocq, Wendi
Subject:	EOL and Clickpaper Approvals for 10-18-01

Maribel M Monterrey
Office: (713) 853-9048
Fax: (713) 853-9476
Maribel.Monterrey@enron.com


Rod and Tanya:  Please let me know who is handling so I can pass on the news
to Jeff.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/26/2000
02:34 PM ---------------------------

	Enron Global Finance

	From:  Jeff Nogid                           04/26/2000 09:18 AM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: J.P. Morgan ISDA

I spoke to Bill Bradford before I left.  He didn't think that there would be
a problem.

Jeff


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
07:48 AM ---------------------------

"Btu" <subs@btu.net> on 03/16/2001 04:18:51 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wg031901.pdf


I'm trying.  I'm in traffic.  You can call me if you want or elae I am going to crash.  832-274-6528.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Sally
Here is the document we drafted today.  Please review in detail and revise as
needed.

I beleive it will be in everyones best interest for you to solidify the
organization structure with Causey,
Shankman, Lovarotta (sp) or whomever as needed.

Good Luck.

Let me know if there is anything more I can do to serve you in this process.

Respectfully,

Tom

 - Sally Beck OD 2000 Revision 2.doc


Hi You'all - just a note to say hello before I dash off to run errands and
also wanted to ask you a favor.  On July 14th you sent us an accounting of
your events with the flooding and I saved it in our email messages.
Actually printed it out but the first word of each line did not print and
now I only have pgs. 2 and 3.  We subsequently have had to change our email
address and was wondering if you perchance saved this one and could re-send
it to us at this address as we want to save it in Word and print it and put
it in the family album - That was hopefully a once in a lifetime event and
whomever, Anne or Marie wrote it you did an awesome job with your
descriptions.  Let us know if you can't find it as John said they did back
stuff up (as we also recently changed to an updated computer program) and he
said that he might be able to resurrect it for us but to ask you first.
Have you gotten everything all back to normal?  How are the kitty cats
doing?  We are looking forward to Mama Rita's visit and Stephen and I want
to take her to "Late Night Catechism" - in fact we are getting the tix
tomorrow - there are all kinds of things we want to do when she is here but
not enough time.  It will be fun to have her go to Min and Mike's for
Thanksgiving and she will be here for Isabel's "1st" B'Day.  By the way
speaking of birthdays, hope you had a nice one, Marie (you're still way
younger than all of us!!!) Hope work is going okay (are you in another dept?
  - thought Rita told us you had changed something job-wise) Anne, am sure
you are busy as ever.  We had a fun time at Michele's (she did get her
layoff notice from BAC) and will be through I think it is Dec. 14th) for
Marianne's 40th B'Day. It was a '70's theme with music from ABBA, Tacos,
chocolate cake and all the family - it was nice to see that Michele's place
worked for a large family gathering as we hope to down-size in a couple
years. Stephen along with John and Stevie's help have been making a lot of
progress downstairs.  Stevie and Jennifer will be moving to a new home (it
is a lot like yours and Michele's in northeast Tacoma) it will be ready
after the first of the year - will be in neighborhood with sidewalks which
will be nice with Isabel as the home they are in now, though the yard is
fenced is on a busy street.  They have sold it fortunately at a profit and
it definitely paid off to have their downstairs finished.  We were happy to
hear about Sydney Nicole joining the family and it is nice for Cameron to
have a little sister.  Am sure you'all as well as we are still feeling
uneasy about everything since Sept.  It is unsettling not knowing if another
event will surface.  A few weeks ago they had extra security around the
bridges here and in CA  but am sure whatever happens if it does will happen
without any notice. Steffi is still working as a temp employee with Maxim
Systems, she hopes to get hired as a permanent employee within the next
couple weeks.  She is contemplating moving home next year as she really
misses the family and seeing the little one. She will be going to AZ fot
Thanksgiving to see Vicki and Norm and family, and Jessica and her husband,
Bob will be there - they are expecting a little one in March). Well, I
better dash as I need to run some errands and plan on meeting Stephen in
about 2 hrs. at QFC (he is on his way back from Port Angeles for his CG
drill - he only has one more drill in Dec. and then will be retiring - can't
believe he has been active for the last 20 yrs.  It will be nice to have one
extra weekend with him home each month.  Let us know about the article and
if you can't find it maybe John (our computer guru) can resurrect it- he has
been working out at Microsoft in Redmond and will be there for several
months for training for his company, Avanade - seems to like it. Bye for
now, tell the family hi, Love, Maureen and Stephen

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp


I was just kidding. How desperately do you need them? Tonight I will be
around in the evening. If you are lucky I might even buy you a cup of coffee.


Here is the Seetin e-mail.  This is actually complaining about the "Fair
Plan' which came out last week.  I have a call into Bob Levin at NYMEX.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/07/2001 01:28 PM -----

	Gary Ackerman <foothillservices@mindspring.com>
	06/07/2001 01:07 PM
	Please respond to foothillservices

		 To: Sue Mara <smara@enron.com>
		 cc:
		 Subject: [Fwd: "Newest" Edison Bailout Plan Has A Familiar Sound]

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From: "Mark Seetin" <nymex2@unidial.com>
To: "Andrew Skaff" <askaff@energy-law-group.com>,        "Assemblyman David
Kelley" <assemblymember.kelley@assembly.ca.gov>,        "Brad Williams"
<Brad.Williams@lao.ca.gov>,        "Caroline Katzin"
<Caroline.Katzin@mail.house.gov>,        "Casey Beyer"
<Casey.Beyer@exodus.net>,        "Chuck Cole" <ccole@advocation-inc.com>,
<clara.brooks@ferc.fed.us>,        "Dan Skopec" <Dan.Skopec@mail.house.gov>,
      "Dan Walters" <DWalters@sacbee.com>,        "David Lazarus"
<dlazarus@sfchronicle.com>,        "DAVID WARD" <DWARD@bloomberg.net>,
"Dorothy Rothrock" <drothrock@cmta.net>,        "doug John"
<djohn@jhenergy.com>,        "Evan L. Goldberg"
<evan.goldberg@sen.ca.gov>,        "Gary Ackerman"
<gackerman@wptf.org>,        "Gordon Rutledge" <onyx91@IX.netcom.com>,
"Gregg Ward" <gregg.ward@sc.siemens.com>,        "J. A. Savage"
<honest@compuserve.com>,        "Jack M. Stewart" <jstewart@cmta.net>,
"Joe Paul" <joe.paul@dynegy.com>,        "Keely Martin Bosler"
<Keely.Martin@lao.ca.gov>,        "Linda L. Robertson"
<linda.robertson@enron.com>,        "Michael Kahl" <mikahl@ka-pow.com>,
"Randy Poole" <rdp@scwa.ca.gov>,        "Richard Costigan III"
<richard.costigan@asm.ca.gov>,        "Roderick D. Wright"
<Assemblymember.Wright@assembly.ca.gov>,        "Scott Govenar"
<SGovenar@govadv.com>,        "Tara L. Ord" <tord@mail.house.gov>,
"Terrie Williams" <twilliams@advocation-inc.com>
Cc: "Charlie DeWitt" <nymex4@unidial.com>, "Robert Levin"
<rlevin@nymex.com>,        "Neal Wolkoff" <NWolkoff@nymex.com>
Subject: "Newest" Edison Bailout Plan Has A Familiar Sound
Date: Thu, 7 Jun 2001 11:42:39 -0400
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?

?

To:? Direct Access Coalition Members

From:? Mark Seetin, New York Mercantile Exchange

SUBJECT:? Hertzberg/ Edison &new8 proposal is &de ja vu all over again!8

?

?????? When it comes to having nerve, SoCal Edison takes second to no one.?
The latest rescue proposal announced by Speaker Hertzberg has a familiar ring
to it*--- like the dinner bell at the shark tank at Sea World.?

?

The Hertzberg memo and a Dow Jones story are included in this memo.? A
summary of the primary terms of Hertzberg/Edison,s plan is as follows:

?

o???????? &Large8 users of electricity (500 kw and up) would have direct
access after two years.

o???????? Residential and small businesses would be &re-regulated8

o???????? The &ransom8 for direct access is that businesses would be required
to retire Edison,s $3.1 billion or so in debt*and that the obligation would
&follow8 them to the land of direct access

?

Does anything sound familiar here (hint*think AB 1890 without the surplus
budget and electricity of 1995)??? Remember the 1995 CPUC action and 1996 AB
1890?? SCE was a very active and influential player in that process.? Here,s
a short review of AB 1890:

?

o???????? Direct access would be allowed (projected to be about 1998) after
the utilities stranded costs were retired.? (Note: At the time of the
bankruptcy of the PX in March 2001, direct access was not just elusive---it
had been banned by the passage of AB ) 1X in January.)

o???????? The state created California Power Exchange was mandatory for the
utilities*though by 1999 they began urgently to use alternatives, they were
refused on at least four occasions by CPUC action, to use sources outside the
PX.

o???????? Stranded costs, determined inside the PX pricing mechanism were
applied to all transactions that occurred outside the PX, thus the obligation
&followed8 those seeking an alternative market to the PX.

o???????? The mandatory PX forced the market into a day-ahead pricing scheme
that effective placed the vast majority of California electricity pricing
into the volatile spot market.

?

If this were not California, one would have to say that this is
&unbelievable,8 but the legislative/regulatory track record since 1995 in
California is consistent, if anything.? Adoption of this plan would not only
mean that Californians did not &get the baby (direct access) after paying the
ransom (the Competition Transition Charge, CTC)8 since 1996----BUT, they,ve
been taken hostage themselves now, and another ransom is due.?

?
California Kafkaesque

??????????? Since the beginning of the deregulatory process in 1994-95,
California has taken a novel approach to its energy markets---Unfortunately,
that novel must have been written by Franz Kafka.

?

?

?

Hertzberg/Edison Plan

A Fair Plan for California

Assembly Democratic Caucus

?

What the California public believes about the energy crisis:

?

Utilities are to blame.
Out-of-state generators have made huge profits.
We need to build more power plants to keep up with demand.
Deregulation is a failure.
The economy of the state is at risk.

?

What the public wants in a solution to the energy crisis:

?

Re-regulation (restore balance to system).
Very small, if any, rate increases.
Reliability of supply (no more blackouts).
No permanent damage to environment, more emphasis on renewable sources.
Penalties for those who gouged the state.
Guarantee this won,t happen again.

?

Themes of the Fair Plan:

?

Federal role:? The feds have refused to obey the law to maintain fair &
reasonable rates.
Restore fairness:? Solutions must protect residential and small business
users.
Re-regulation:? Reassert our authority over California,s energy destiny.
Stability & Reliability:? Increase supply and keep a lid on rates.

?

?

Goals of the Fair Plan:

?

Provide customers with reliable power and stable rates.
Restore regulated utilities to credit-worthiness to enable them to resume
role of energy supplier.
Ensure that mega-users of electricity have direct access to independent
electricity providers to protect California,s economy.

?

?

Many elements of the proposed Edison MOU remain unchanged, except for:
Option to purchase the transmission system.
Re-regulates service for all residential and small business consumers.
Provides direct access to providers for mega-users above 500 kW.
Mega-users pay DRC to cover SCE debt.

?

Added elements to the MOU
Transmission option at book value.
Federal tax refund must be applied to debt.
SCE purchases net short only for residences and small businesses, if
necessary.
PUC retains jurisdiction over rates.
EIX provides assurance to keep SCE creditworthy.

?

?

Residential & Small Protection Plan
Protects 99.9% of all customers (those who never peak above 500 kilowatts)
who utilize 81.5 % of load???????????
Will be served by SCE through native generation, bilateral contracts
(including QFs) and Sunrise
Present average PUC bundled rate = 15.7 cents per KW hour
Under Fair Plan, average rate would be 14 cents per KW hour including AB1X
payments

?

Mega-Users Direct Access Plan
Mega-users peak demand 500 KW or more represent 3,600 SCE customers and 18.5%
of total load
Mega-users would gain direct access to the wholesale market

?

Mega-Users Direct Access Plan (continued)

Current average PUC rate = 12.98 cents/KW hour

Fair Plan average wholesale price in 2003 = 12 cents per KW hour

Mega-users would pay SCE,s $3.5 billion debt minus $400 million+ dollars tax
refund from EIX
DRC for debt and cost of electricity fits within existing PUC rates

?

Dow Jones Story

LOS ANGELES (Dow Jones)--A plan that would put most of the burden of rescuing

embattled Edison International (EIX) unit Southern California Edison on large

businesses "has possibilities" if it can gain stakeholder approval, said Bob

Foster, Edison's senior vice president of public affairs, during a conference

call Tuesday.

?

The plan would have customers who use more than 500 kilowatt-hours a month of

electricity finance the cost of power the utility must purchase, or have

purchased on its behalf, in the wholesale market. The "non-core" customers
would

also help the utility recoup most of its $5.5 billion in unrecovered power
costs

through a surcharge on their bills.

?

"Core" residential customers would be protected from the wholesale power
market

as the primary beneficiaries of the low-cost power the utility generates
itself

or has secured through long-term contracts.

?

Assembly Speaker Bob Hertzberg, D-Van Nuys, strongly supports the plan, and
has

asked a former Sacramento mayor to help him take the temperature of Edison

stakeholders "to see if the approach has merit or can be acceptable," Foster

said.

?

"Some of the legislative leadership believes this is an attractive option in

both houses," Foster said.

?

Business groups worry that the plan could cost the state billions in lost

economic activity, because it may force companies to relocate to other states.

?

The core/non-core proposal is one of several being discussed by lawmakers as

alternatives to a memorandum of understanding reached between Edison and Gov.

Gray Davis in April. The MOU, which would have the state buy the utility's

transmission lines, has been pronounced dead by many in the legislature,
though

Edison and Davis' administration say they are still devoted to seeing it
through.

?

?


---------------------- Forwarded by Don Miller/HOU/ECT on 05/16/2000 05:18 PM
---------------------------
From: Stuart Zisman on 05/16/2000 12:45 PM
To: Michael Etringer/HOU/ECT@ECT, Jim Gilbert/PDX/ECT@ECT, David
Parquet/SF/ECT@ECT, Eric LeDain/CAL/ECT@ECT, Kate Chaney/CAL/ECT@ECT
cc: Don Miller/HOU/ECT@ECT
Subject: Please see the attached with respect to Project E2

At Don Millers request, attached is the PPA Term sheet, the associated  Memo
and PDA Term sheet for your review and consideration.  Thank you in advance
for your time and effort.  Also, please be advised that notwithstanding the
language contained in the PPA Term sheet we plan upon seeking cost of cover
damages and therefore no damage multipliers will be necessary.

Stuart


Daren,

FYI.

Bob