Kay -FYI, this note was prepared by Peoples on what they believe to be the
open commercial issues.  I will probably sit down with them on Friday to get
their true viewpoint on the various items.  They tend to be much more open
with me outside the large group.  If only I could work this into a happy hour
we would be set.

Also, Please don't acknowledge in front of Peoples that you have received
this, although I believe this was prepared with input from their counsel.

Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 06/21/2000
10:56 AM ---------------------------

Roy Rodriguez
06/20/2000 04:28 PM
To: Tim.Hermann@enron.com, Gregg Penman/Corp/Enron@Enron, Paul
Burgener/Corp/Enron@ENRON
cc: Laura Luce/Corp/Enron@Enron @ ECT
Subject: Commercial Issues on Hub Agency Contract

Tim and Greg and Paul, are you available to sit down with Dave wear on Thurs
(6/22) at 8:30 to discuss the following commercial issues on the Hub Agency
document.. Our goal is to come to agreement on these items and forward
answers to the issues for documentation.  Please come prepared with any
documentation that may help support any of the following items.

Here is a list of outstanding business issue that PEC representatives are
aware of - Note, there
> may be other business issues that have been discussed at a business level
> that PEC representatives are not aware of.  Note, this list does not
include legal/regulatory issues and is not.
>
> 1. Credit risk - Who will be responsible for performing credit checks
> of Hub Shippers?  Who will bear the risk of bad debt?  Will the party
> bearing such risk bear all or a portion of the risk?  Will there be a
> bright line rule that all unapproved Hub Shippers (unapproved for credit
> reasons) or Hub Shippers exceeding their credit level must first be
> approved by Peoples?
>
> 2. Extended Hub Transactions - Extended Hub Transactions will be
> included in cumulative gross revenues but deals proposed but not executed
> during term of Agency Agreement will not be included in cumulative gross
> revenues.  Is this correct?
>
> 3. Refunds - Will MEH be at risk for FERC-ordered refunds or will MEH
> only be allowed to charge the rate in effect prior to a rate filing during
> any period when rates are subject to refund?
>
> 4. Fees - What is the monthly administrative service fee and what does
> this fee include?  How will fee be paid - will MEH offset or send Peoples
> an invoice?
>
> 5. Performance Standard - What will the performance standard be?  What
> is Peoples' remedy if MEH does not achieve the performance standard e.g.
> will Peoples be entitled to terminate the Agency Agreement or obtain a
> reduction in the administrative service fee?
>
> 6. Transition - What will the length of the transition period be after
> the Agency Agreement terminates or otherwise expires?
>
> 7. Please discuss how this Agency Agreement will work operationally
> from the point when Peoples announces available capacity through the point
> in time when a Hub Shippers calls MEH for services through to the point in
> time when Peoples nominates and schedules.  Include anticipated timing of
> the events e.g. how quickly will Peoples respond to a request from MEH.
>


Great.  DF

From: Gina Taylor/ENRON@enronXgate on 03/28/2001 03:21 PM
To: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Mary Ellen
Miller/ENRON@enronxgate, Shelley Corman/ENRON@enronXgate, Susan
Scott/ENRON@enronXgate, Stanley Horton/Corp/Enron@Enron, Rex
Rogers/ENRON@enronXgate, Scott Vonderheide/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron
cc: Keith Petersen/ENRON@enronXgate

Subject: Transwestern Press Release

Attached is the TW expansion filing press release.  With the filing being
made on Thursday, March 29, we'll plan to issue the release to natural gas
industry publications after the market closes on Thursday, March 29.

Please review the press release one last time.  This draft includes changes I
previously received from Rex, Drew, Steve Harris, Mary Kay Miller, Stan and
Shelley Corman.

Please let me know if you have additional changes by noon on Thursday, March
29.

Also attached is a filing fact sheet that will be used as reference for media
calls.  Please let me know of changes to the fact sheet by Thursday, March
29, at noon as well.

Thanks for your immediate attention.

Gina


Hey baby!!!

Here you go!!!


Today's hearing was dominated by :
1) many lawyers arguing over whether the Commission must declare that the
"rate freeze" is over before raising rates, or whether the Commission can
rely on its general constitutional and statutory authority to raise rates on
an interim basis, without addressing the issue of the rate freeze, and,
1) an appearance by Ralph Nader.

The Legal Issue
In general, our proposal seems to have gotten some traction.  Whether it
sticks remains to be seen, however.  We proposed that:

The Commission has the authority to raise rates without addressing the rate
freeze issue.
The Commission will not have the facts it needs, and it won't have  provided
the due process necessary by Jan 4th, to address all the complex issues tied
to the rate freeze.  And if it tries, it's likely to face a flurry of law
suits, which is in no one's best interest.
For it's Jan 4th decision, the Commission should confine itself to
determining whether, and if so by how much, to raise rates to maintain the
utilities' access to capital markets. (We've taken no position on whether
there's a need to raise rates.)
setting a hearing schedule to examine the "rate freeze" and all related
issues thoroughly and methodically.

The utilities argued that the Commission must declare an end to the rate
freeze; otherwise any Commission decision to raise rates would be easy to
attack in the courts.  (In reality, the utilities want the Commission to end
the rate freeze in order to assure lenders that the Commission will permit
the utilities to recover going-forward procurement costs.  Under the rate
freeze, the utility is at risk for procurement costs that exceed the rate
freeze.)

In his presentation, our outside counsel offered numerous citations to past
Commission decision and court cases supporting the Commission's ability to
raise rates if it found it necessary to do so.  Many other parties agreed
with our position.  A few parties said that the issue was too murky to make a
call.  During questioning, both the President of the Commission (Loretta
Lynch) and the presiding judge seemed to indicate that they believe the
Commission has ample authority to raise rates without having to address the
rate freeze issues.

The Ralph Factor
Apparently, having lost the Presidential election, Ralph Nader's still
looking for work.  He showed up at the hearings today and held a very lengthy
news conference.  From what I could hear, he targeted all of his criticism at
the utilities for being greedy, and at the Governor for being too ready and
willing to bail the utilities out.  Even when thrown some soft balls about
"out of state generators," Nader stuck to bashing the Governor and the
utilities.  But I couldn't hear the entire press conference, so he may have
said things that I missed.

The Next Steps
The hearings that were scheduled to end today will now go into next week.
Tomorrow, the utilities are scheduled to make their case for financial
hardship.  Customers intend to question the utilities very aggressively (as
does the PUC).  The utilities will also have the chance to question the
consumer representatives who filed their own proposals and analysis with the
Commission.
On Tuesday, the Commission is likely to take up the issue of how big any rate
increase needs to be and how much of the increase each customer group should
shoulder.

More tomorrow on the call.

Best,
Jeff

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/27/2000 08:57 PM

		 To: Roger Yang/SFO/EES@EES, skean@enron.com, Richard Shapiro/NA/Enron, James
D Steffes/NA/Enron, Paul Kaufman/PDX/ECT, Sandra McCubbin/NA/Enron, Susan J
Mara/NA/Enron, mpalmer@enron.com, Karen Denne/Corp/Enron, Joe
Hartsoe/Corp/Enron, Sarah Novosel/Corp/Enron, Alan Comnes/PDX/ECT, Harry
Kingerski/NA/Enron, Tim Belden/HOU/ECT, Frank W Vickers/HOU/ECT, Robert
Badeer/HOU/ECT, Chris H Foster/HOU/ECT
		 cc: Beverly Aden/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Christina Liscano/HOU/EES@EES,
Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy Youngblood/HOU/ECT@ECT,
Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika
Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W
Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris
Waser/HOU/EES@EES, James W Lewis/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Jess Hewitt/HOU/EES@EES, Kathy Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES,
Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES,
Leticia Botello/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES,
Mike M Smith/HOU/EES@EES, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES,
Paula Warren/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Rosalinda Tijerina/HOU/EES@EES, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT
		 Subject: Update--Day 1 of California PUC Hearings

Thanks Roger.  Here are the highlights of today's hearings:

 Common themes--many tracked ours pretty closely
Not a question of whether rates need to rise, but by how much.
Though some oppose any and all rate increases, the lion's share acknowledged
that the utilities have a cash flow problem and the a rate increase is
necessary.
Due process matters.
If the Commission is thinking about going as far as ending rate freezes and
increasing rates, it better provide for ample due process, or countless law
suits will ensue.
Don't jump the gun.
A rate increase is likely, but only the utilities benefit from adoption of
the utilities' proposals. The Commission needs to carefully scrutinize the
utilities' claims and take a careful look at the level of increase required
to maintain access to capital markets.  However, as expected, the utilities
implored the Commission to jump the gun immediately.  The utilities want the
Commission to declare an end to the rate freeze and raise rates on Jan.4.
No more divestiture.
The utility should keep the generating assets it retained, but the Commission
should ensure that the assets' benefits are allocated equally among all
customers.  One legislator recommended that the State buy the utilities'
hydro assets, which would give the utilities the cash they need and give the
state control over some generation.
Treat all customers equally and fairly.
The Commission should not create two classes of customers (e.g., large v.
small; direct access v. bundled).  No customer group should be sacrificied to
save another.
Be as narrow as possible/do as little harm as possible
The immediate problem is the utility's cash/credit crunch.  As such, the
Commission should do only enough to solve this very specific, immediate
problem.  A modest rate increase is all that's required and the Commission
should do no more.

At the beginning and the end of the hearing, the President of the Commission
asked parties to be prepared (at tomorrow's hearing) to discuss whether the
Commission could legally use its other, broad powers to raise rates without
declaring an end to the rate freeze.  It seems that she seems some benefit in
raising rates, but leaving AB 1890 otherwise intact untill the Commission can

Marketers and generators are to blame for the problem
Though not universally embraced, the theme came up repeatedly.

A few parties (e.g., the Unions, low income consumer groups, one PUC
commissioner) called for complete re-regulation of the industry, returning
the utilities to vertically integrated monopolies.  But they were the
exception rather than the rule at today's hearing.

2. Next steps
There hearings were scheduled to end on Thursay, but now will continue
through Friday.
Tomorrow, lawyers will provide "oral" arguments on whether the Commission
must end the rate freeze in order to increase rates.  We will argue that it
does not have to, and should not, go through the complex and controversial
exercise of determing whether the rate freeze is over between now and
01.04.01.  We will argue that the Commission has the authority to raise rates
without ending the rate freeze, and if it decides to raise rates, it should
do so while keeping AB 1890's basic structure in place until a full and fair
hearing of the issues is completed.   We are talking to other stakeholders to
persuade them to take the same approach.  In terms of legal arguments, this
is clearly a long shot, but one that seems worth taking.
After the oral argument, the utilities will present their rate proposals and
"all interested persons" will have the opportunity to cross-examine the
utilities (in short, tomorrow will also be a zoo).
When asked what the process will be for issuing a proposed decision and
providing comments, the President of the Commission responded "we don't know,
it's evolving."  In other words, the Commission is doing a poor job of
ensuring that their Jan 4 decision is "appeal-proof."
Keep in mind that the situation remains extremely fluid and the trend is
still toward ending the rate freeze on Jan. 4th.  We continue to aggressively
offer alternatives to that possibility and continue to try to bring other
stakeholders to our side.
We're doing everything necessary to preserve our appeal rights.

We can discuss further on the 10 AM (CST) call tomorrow.

Best,
Jeff

	Roger Yang@EES
	12/27/2000 05:43 PM

		 To: Leticia Botello/HOU/EES@EES
		 cc: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy
Bass/HOU/EES@EES, Rosalinda Tijerina/HOU/EES@EES, Debora
Whitehead/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Christina
Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Erika Dupre/HOU/EES@EES, Rita
Hennessy/NA/Enron@Enron, Brenda Barreda/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Cathy
Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Ginger
Dernehl/NA/Enron@Enron, Dorothy Youngblood/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Fran Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
		 Subject: Re: Reminder - Level Setting Mtg-California Markets Focus Group
EB2868

Got an update from Jeff Dasovich.  No earth shattering news.  Comments have
been all over the place.  The impression is being made by differing parties
that the issues are very complex and would inevitably result in endless
lawsuits.  Possible conclusion by the CPUC may be to invoke emergency powers
to implement an emergency surcharge and avoid addressing the issue of when
the rate freeze ends in these hearings.  However, this is just speculation.
Jeff will return to the office by 5:00 pm PST and will send out a summary of
today's hearings.

Roger

Leticia Botello
12/27/2000 06:57 AM
To: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Roger Yang/SFO/EES@EES,
Richard Shapiro/NA/Enron@Enron
cc: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy Bass/HOU/EES@EES,
Rosalinda Tijerina/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Leasa
Lopez/HOU/EES@EES, Christina Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Rita Hennessy/NA/Enron@Enron, Brenda
Barreda/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES,
Kathy Dodgen/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
Beverly Aden/HOU/EES@EES, Tanya Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES,
Wanda Curry/HOU/EES@EES, Ginger Dernehl/NA/Enron@Enron, Dorothy
Youngblood/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Fran
Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
Subject: Reminder - Level Setting Mtg-California Markets Focus Group EB2868

12/27/00

Time    Location Call In #  Pass Code

10:00 Central Standard Time  EB 2868  1-800-713-8600  80435

This is a recurring daily meeting until further notice  (this invitation will
schedule your calendar through 1/31/01).

Time, Call In #, and Pass Code are the same for all meetings.  Conference
room location will be changed as soon as possible to better accommodate the
participants.

Note:  Optional Invitees FYI Only

Please call me if you have any questions

Leticia

x-58752


This will be the first of a regular series of IT updates targeted specifically for Energy Operations.

As this is the first meeting, we will be presenting a consolidated list of projects, and each of Beth Perlman's directs will be invited to discuss their projects in more detail, and then we'll leave some time for discussion, and some feedback on the format of the meeting.

I'll arrange for lunch.

regards

Steve


Stan,

Here's the latest message points from EEI regarding retail standards.

Jeff
---------------------- Forwarded by Jeff Brown/HOU/EES on 07/19/2000 09:59 AM
---------------------------

"Michael McGrath" <MMcGrath@eei.org> on 07/19/2000 08:28:52 AM
To: <Burrell.G.Kilmer@bge.com>, <geoffrey.green@cmpco.com>,
<JTG@dps.state.ny.us>, "Alice Travis" <ATravis@eei.org>, "Charles Foster"
<CFoster@eei.org>, "Elizabeth Stipnieks" <EStipnieks@eei.org>, "William
Mayer" <WMayer@eei.org>, <jbrown1@enron.com>, <nhetrick@enron.com>,
<Cacquard@erols.com>, <Rbrown@exeloncorp.com>, <jbladen@newenergy.com>,
<refuller@nyseg.com>, <jcunningham@paea.org>, <bbradley@peco-energy.com>,
<bdcrowe@peco-energy.com>, <jmminneman@pplweb.com>,
<craig.glazer@puc.state.oh.us>, <cherie-broadrick@reliantenergy.com>,
<keith-sappenfield@reliantenergy.com>, <deichenlaub@scc.state.va.us>,
<ccraven1@txu.com>, <sharon.b.grove@ucm.com>, <kathy.smith@us.abb.com>
cc:
Subject: Future of Retail UBP

Attached are talking points expressing my view of where we've been and where
we are going.

Comments appreciated!

We will doscuss next steps in the Advisory Cmte conference call tomorrow.

Thanks
  -Mike

 - UBP.advcmte.talkingpoints.doc


I was at a TXOGA meeting last week and I was informed that TNRCC is only
receiving a small percentage of the Title V Compliance Certification forms
that they are supposed to be receiving from companies with Title V operating
permits. Remember that Compliance Certification forms are due in Texas 30
days after the anniversary of the date your operating permit was issued.
TNRCC is not notifying companies that the forms are not being received. If
you need the forms you can obtain them from TNRCC's web site at:

http://www.tnrcc.state.tx.us/air/opd/formswp.htm#compl

They are under the "Compliance and Reporting Form" section. Deviation Forms
(for reporting noncompliance with federally enforceable regulations) can also
be obtained at this location.

Marc


Attached is a note on UI Standard Offer service by EPMI.

Please send comments to Sandi McCubbin.

I faxed the original to 916-448-0816.


Marion, the leads include Heather Kroll and Ozzie Pagan in the Eastern
Origination Group and Michael L Miller in the Principal Investing Group.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/03/2000
01:11 PM ---------------------------

Marion W Cole@ENRON_DEVELOPMENT
10/02/2000 01:24 PM
To: David W Delainey@ECT
cc:
Subject: Fuel Cells

David,

Congratulations on the Fuel Cell venture.  I have been trying to get Enron
interested in this technology for many years.  I am glad someone found the
right formula.  I would like to discuss applications of Fuel Cell technology
and where Enron intends to take this product with someone in your
organization.  The press release did not disclose who the lead promoter in
your organization is.  Can you direct me to the right person?

Best regards,

Marion Cole


Sean,

Here are my initial answers and I encourage others to provide me with their thoughts.
 -----Original Message-----
From: 	Crandall, Sean
Sent:	Tuesday, July 03, 2001 12:46 PM
To:	Belden, Tim; Comnes, Alan
Subject:	Comments on order

Here are some questions/comments I have regarding the ruling.

1.  How does the cap apply to index prices.  If the DJ-PV index settles at $120 and the cap is $98, do parties selling index have to adjust there price to $98?

Depends on the term off the deal and when it was confirmed.  If the deal is longer than 24 hours in length or was negotiated in advance of day of/before, the price is not capped.  If you do a "spot" deal (as defined by FERC) and agree to use the  index price, you will need to condition it to be the lower of index or the cap.

2.  Would financial products (swaps) be affected by the cap?

[Mark Hall]  I believe not.

3.  There has to be less ambiguity with respect to day ahead cash markets.  For example, assume it's a Monday and the ISO is under normal conditions and the price is $92.  Then assume on HE 14 the ISO declares a stage one and the price clears at $100 and the price is $100 for the rest of the day.  Tuesday assume the price is $85 during the first few offpeak hours, but the Wednesday forecast shows identical conditions as Monday.  What is the day ahead cash cap trading Tuesday for Wednesday?
Is it $85 or $100?  One could make the argument that it should be $100 because it is reasonable to assume they will be in a stage one real time on Wednesday, but at the time cash is traded they are not in a stage one.
[Mark Hall]
See my seperate note where we got sympathy but little hard clarification from FERC.

It seems to me the easiest way to solve this problem would be to have an independent market organization declare what the day ahead cash market price was before the cash market traded.  So for the example, they may recognize it's likely a stage 1 $100 cap will be in effect on Wednesday, so they'll set the cap at $100.  The market will know before hand and there will be no ambiguity.  More efficient market, less litigation.

Enron is very concerned about giving CAISO discretion to set the cap and will raise this issue on re-hearing.  There must be some way to set the cap so that it is known at the time business is transacted and that its computation is easily verified.
4.  What about call options?  If a generator owns a call option at $125, the cap is $100, but the market is actually trading $150, does the generator have the right to exercise the option?  What if the generator has a plant that he can fire up at $150.  Does the generator have to wait until the price hits $150?  Seems like the strike price on an option would be an easily demonstrable expense.  And would there be a difference between a marketer owning an option and a generator owning an option?
[Mark Hall]
We should talk more about this, especially if you would like Enron to raise this on rehearing.  The order is basically silent on options.   The generator must make power available at its marginal cost.  I do not think the cost of an option is an allowable expense unless it can be traced back to an actual generator costs. If a marketer calls and option and then has the power it must sell below the cap, so I think in your example the FERC order reduces the value of the option.


Attached is a draft of a Master Firm Purchase/Sale Agreement for Belden.
Are you going to present this to the customer or should I mail the draft?
If you want me to mail a copy, please give me the name of a contact.

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


gravity (GRAV-i-tee) noun

   1. The natural force of attraction exerted by a celestial body, such as
      Earth, upon objects at or near its surface, tending to draw them toward
      the center of the body. The natural force of attraction between any two
      massive bodies, which is directly proportional to the product of their
      masses and inversely proportional to the square of the distance between
      them. Gravitation.

   2. Grave consequence; seriousness or importance.

   3. Solemnity or dignity of manner.

[French gravite, heaviness, from Old French, from Latin gravitas, from
gravis, heavy.]

Ambigram: http://wordsmith.org/words/gravity.gif

GRAVITY
If it weren't for gravity, we wouldn't know which way was was up. Without
gravity to pull things "down," there would be no such thing as up or down.
This is an excellent example of the yin/yang idea that nothing exists except
in relation to its opposite. The opposite of gravity is weightlessness. A fair
conclusion: Gravity is the soul of wt.
-John Langdon, http://www.coda.drexel.edu/wordplay

This week's theme: words with ambigrams.

.............................................................................
A penny will hide the biggest star in the universe if you hold it close
enough to your eye. -Samuel Grafton

Q: Tomorrow is my friend's birthday and I forgot to send her a gift. Help!
A: Give the gift of words. Send a gift subscription of A.Word.A.Day at
   http://wordsmith.org/awad/gift.html . It is the gift that keeps on
   giving the whole year long, and beyond.

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


We have found 1,000 dth/d at MacClendantown A06 for CPA. We only need 1,857
there now, will get you upstream info.


As mentioned in my other email...

---------------------- Forwarded by Kay Mann/Corp/Enron on 03/16/2001 05:11
PM ---------------------------

Stephen Thome@ECT
03/13/2001 09:46 AM
To: rvicens@deltapower.com, aharrington@deltapower.com
cc: Jake Thomas/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Kay
Mann/Corp/Enron@Enron

Subject: Turbine Contract Revisions

Tony, Rick,

Here is a redline of the original turbine contract that I sent out.  The
numbering has been corrected and some changes made to section 10.7.

Let me know how your review is proceeding.  Our counsel has suggested that
you may want to make a trip to Houston to go over the contracts if you have
substantive comments.  We would like to have executable versions by close of
business Friday.

Steve


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 12/12/2000
11:40 AM ---------------------------

Darlene C Forsyth
12/12/2000 10:07 AM
To: Darlene C Forsyth/HOU/ECT@ECT
cc:  (bcc: Judy Hernandez/HOU/ECT)
Subject: Could it be we're not paying attention?

The man whispered, "God speak to me" and a meadowlark sang. But the man
did not hear.

So the man yelled "God speak to me" And the thunder rolled across the sky.
But the man did not listen.

The man looked around and said, "God let me see you." And a star shined
brightly, but the man did not notice.

And the man shouted, "God show me a miracle" And a life was born.  But
the man did not know.

So the man cried out in despair, "Touch me God, and let me know you are
here" Whereupon, God reached down and touched the man. But the man brushed
the butterfly away and walked on.

Don't miss out on a blessing because it isn't packaged the way that you
expect.  So many times we see miracles and do not recognize them for what
they are.

My instructions were to send this to four or more people that I wanted God
to bless and I picked you. Please pass this to people you want to be
blessed.


Brian,

I propose that we use the attached contracts for the bridge between our two term deals.

Mark
 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Monday, October 22, 2001 3:27 PM
To:	Whitt, Mark
Subject:	Huber Spot Purchase


CGoering@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 04:00 and 05:00 in the April 30, 2001
Real-Time Market as well as the following hours per ECA20001006B to verify
prices:

PJM: 01:00 - 07:00, 17:00, 19:00, 21:00, 22:00
OH:  05:00 - 07:00, 17:00, 19:00, 21:00, 22:00
HQ:  05:00 - 07:00, 17:00 - 19:00, 21:00, 22:00
NE:  00:00, 05:00 - 07:00, 17:00, 19:00, 21:00, 22:00

Prices in the May 1, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be found
at
the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


After re-creating an entire day's process, I finally figured out it was the
Schedule Crawler causing the problem when downloading Finals for HE24.

The reason I could not re-create the problem before was that I tested with
the latest code and not the Executable running in Production.

I've removed the "False Finals" from the Finals for 01/16 so this error
should not cause any problems tomorrow morning.

Please monitor Hour Ahead Finals for 01/17 tonight after the 01/16 HE24
Finals are imported.  The "False Finals" should not appear.

I'm sorry for all of the confusion.  Thanks for you patience!

Pete

	From:  Bill Williams III                           01/10/2001 10:23 AM

To: Pete Davis/HOU/ECT@ECT
cc:
Subject: Re: Hour Ending 24 Bug

Pete,

Primarily it seems like if we submit an HA 24 schedule than the false finals
show up.  But I believe we will just have to document closely when the finals
carry over, as I have noticed them after I create a new customer id in a load
zone but before I submit an HA 24 final.  SO...I guess I do not have an
accurate answer.  I will try to get you as much information as I can, through
talking with the group.

Thanks for your attention.

Bill


One more update.  I think we finally have the file where we want it.  Please
use the file attached.

Thanks again.

Dawn
---------------------- Forwarded by Dawn Derr/Corp/Enron on 07/20/2000 11:15
AM ---------------------------

	Dawn Derr
	07/17/2000 11:02 AM

To: Rob Walls/NA/Enron@Enron, Monica Reasoner/HOU/ECT@ECT, Greek
Rice/Corp/Enron@ENRON, Larry Dallman/GPGFIN/Enron@ENRON, Christine
Schlaudraff/Corp/Enron@ENRON, Rodney Faldyn/Corp/Enron@Enron, Sally
Beck/HOU/ECT@ECT, Suzanne Brown/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON,
Elizabeth Linnell/HOU/EES@EES, J Mark Metts/NA/Enron@Enron, Charlene
Jackson/Corp/Enron@ENRON, Gary McCumber/HOU/ECT@ECT, Robert
Johansen/Corp/Enron@ENRON, Paul Clayton/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Billie Akhave/EPSC/HOU/ECT@ECT, Cynthia
Barrow/HR/Corp/Enron@ENRON, Sharon Aulds/HR/Corp/Enron@ENRO
cc:

Subject: Operating & Strategic Plan 2001 - 2003

Please use the Budget Format sheet attached below.  There is an error in the
Executive Summary sheet of the original file.  Hope this does not cause
anyone undue problems.

thanks.

Dawn
---------------------- Forwarded by Dawn Derr/Corp/Enron on 07/17/2000 12:01
PM ---------------------------

	Dawn Derr
	07/14/2000 03:17 PM

To: Rob Walls/NA/Enron@Enron, Monica Reasoner/HOU/ECT@ECT, Greek
Rice/Corp/Enron@ENRON, Larry Dallman/GPGFIN/Enron@ENRON, Christine
Schlaudraff/Corp/Enron@ENRON, Rodney Faldyn/Corp/Enron@Enron, Sally
Beck/HOU/ECT@ECT, Suzanne Brown/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON,
Elizabeth Linnell/HOU/EES@EES, J Mark Metts/NA/Enron@Enron, Charlene
Jackson/Corp/Enron@ENRON, Gary McCumber/HOU/ECT@ECT, Robert
Johansen/Corp/Enron@ENRON, Paul Clayton/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Billie Akhave/EPSC/HOU/ECT@ECT, Cynthia
Barrow/HR/Corp/Enron@ENRON, Sharon Aulds/HR/Corp/Enron@ENRON
cc: Elaine Schield/Corp/Enron@ENRON, Terry West/Corp/Enron@ENRON

Subject: Operating & Strategic Plan 2001 - 2003

Attached are the Guidelines and the Budget Template for the 2001 - 2003
Operating & Strategic Plan.

 A Budget Template should be completed for each Cost Center in your
area/group that will be utilized for 2001.  All budgets are due to Corp.
Financial Planning no later than close of business August 14, 2000.

While Corporate Financial Planning has attempted to make the process as easy
as possible, we know questions will arise.  Please feel free to contact me at
X37775 with any questions or problems.

Thanks in advance.

Dawn


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

June 1, 2001 5:00pm through June 4, 2001 12:00am
------------------------------------------------------------------------------------------------------

ECS to ECN Network Interconnection, June 9th 2001

This is a notification that the Enron Corp. I/T Networks team will be connecting the new building network infrastructure located in Enron Center South (ECS) to the existing Enron Center North (ECN) backbone network.  While this activity is not expected to produce a disruption to network services, this notice is designed to alert the organization to our activities.  No network hardware or systems are anticipated to be shutdown.  The actual physical interconnection of the networks will be performed in the EB 34th floor Data Center.

Interconnection activities are scheduled to occur the evening of June 9th 2001 starting from 7:00 p.m.(CT) and completing around 11:00 p.m. (CT). Application testing activities will begin at 11:00 p.m. (CT) once all network testing has completed.

If you have any further questions, please contact Pete Castrejana at 713-410-0642 for more information.

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:
Impact:  ENS
Time:  Fri 6/1/2001 at  11:00:00 PM CT thru Fri 6/1/2001 at  11:45:00 PM CT
	Fri 6/1/2001 at    9:00:00 PM PT thru Fri 6/1/2001 at     9:45:00 PM PT
	Sat 6/2/2001 at  5:00:00 AM London thru Sat 6/2/2001 at  5:45:00 AM London
Outage:  Enable routing on new router ecn-34-cor-ccr1
Environments Impacted:  ENS
Purpose: This router will be used to connect to the new building
Backout: remove routing on the router.
Contact(s): 	Scott Shishido    713-853-9780

Impact:  AEP
Time:  Fri 6/1/2001 at  8:00:00 PM CT thru Fri 6/1/2001 at  8:30:00 PM CT
	Fri 6/1/2001 at  6:00:00 PM PT thru Fri 6/1/2001 at  6:30:00 PM PT
	Sat 6/2/2001 at  2:00:00 AM London thru Sat 6/2/2001 at  2:30:00 AM London
Outage:  Shutting off the internal link to 1201 Louisiana
Environments Impacted:  AEP
Purpose: Company occupying that space has been sold.
Backout: None
Contact(s): 	Garhett Clark         713-345-9953
                        Robert Humlicek   713-853-6366   713-406-8293

Impact:  ENS/GCO
Time:  Fri 6/1/2001    thru Wed 7/4/2001
Outage:  HPL migration to AEP
Environments Impacted:  GCO
Purpose: Sites sold
Backout: None
Contact(s): 	Garhett Clark         713-345-9953
		Robert Humlicek   713-853-6366   713-406-8293

FIELD SERVICES:  No Scheduled Outages.

INTERNET:
Impact:  Internet
Time:  Fri 6/1/2001 at  10:30:00 PM CT thru Fri 6/1/2001 at  10:45:00 PM CT
	Fri 6/1/2001 at    8:30:00 PM PT thru Fri 6/1/2001 at     8:45:00 PM PT
	Sat 6/2/2001 at  4:30:00 AM London thru Sat 6/2/2001 at  4:45:00 AM London
Outage:  Reboot Enron.com edge routers
Environments Impacted:  Internet
Purpose: Regular reboot to prevent such problems as memory corruption. Intermettent disruption to last about five minutes.
Backout:
Contact(s): 	John Shupak          713-853-7943
		Bryan Aubuchon    713-345-8446

MESSAGING:
Impact:  Corp Notes
Time:  Fri 6/1/2001 at  9:00:00 PM CT thru Sat 6/2/2001 at  1:00:00 AM CT
	Fri 6/1/2001 at  7:00:00 PM PT thru Fri 6/1/2001 at 11:00:00 PM PT
	Sat 6/2/2001 at  3:00:00 AM London thru Sat 6/2/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s): 	Trey Rhodes  (713) 345-7792

Impact:  EI
Time:  Fri 6/1/2001 at  9:00:00 PM CT thru Sat 6/2/2001 at  1:00:00 AM CT
	Fri 6/1/2001 at  7:00:00 PM PT thru Fri 6/1/2001 at 11:00:00 PM PT
	Sat 6/2/2001 at  3:00:00 AM London thru Sat 6/2/2001 at  7:00:00 AM London
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s): 	David Ricafrente    713-646-7741

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: No Scheduled Outages.

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

-------------------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


I know it, you know it, who's telling all the single women??

Tricia Spence
11/08/2000 02:17 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: EGAN Storage

your the best!


oh - i invited your rocket power dancer friend. was i not supposed to do that?

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Happy Hour

in - and make sure neil and bob don't make any crass jokes about my past
experiences.


Karen,

Mike Grigsby and I would really appreciate being two of the interviewers of Scott on the 29th if that's not to difficult to arrange.

Thanks

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Tuesday, October 16, 2001 5:29 PM
To:	Holst, Keith
Subject:	Scott Freeman

Hi Keith,

Just spoke with Scott with regard to the trading track.  He has been scheduled to interview.

Kind regards,

Karen.


Alfonso, you are off the hook.
---------------------- Forwarded by Chris Germany/HOU/ECT on 11/10/2000 02:39
PM ---------------------------

Chris Germany
11/10/2000 01:58 PM
To: Jeffrey Porter/HOU/EES@EES, Michael H Garred/HOU/EES@EES, Dave
Scott/HOU/EES@EES
cc: Scott Goodell/Corp/Enron@ENRON, Alfonso Trabulsi/HOU/ECT@ECT
Subject: Demand Charges and pricing for New Power for Oct

Attached is my demand charge worksheet for October.

Jeff, we should probably chat about the pricing.  I'll explain it to you when
I get back.  On TCO, I averaged everything together and entered a fixed price
on the big citygate deal.


This meeting will happen this morning at 9:00am.  Tammie is still tring to get a room.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, October 24, 2001 6:28 PM
To:	Mrha, Jean; Duran, W. David; Curry, Mike; Redmond, Brian; Kroll, Heather; Luce, Laura; Forster, David; Tricoli, Carl; Irvin, Steve; Vickers, Frank; Tycholiz, Barry; Baughman, Edward D.; Lagrasta, Fred; Jacoby, Ben; Miller, Don (Asset Mktg); Robinson, Mitch; Thompson, C. John; Virgo, Robert
Cc:	Schoppe, Tammie; Jones, Melissa; Rode, Tina; Salinas, Michael; Martinez, Judy; Harvey, Claudette; Hogan, Irena D.; Holcombe, Tina ; Shoemake, Lisa; Bates, Kimberly; Presas, Jessica; Black, Tamara Jae; Collins, Angie; Watson, Denys; Snow, Dina; Young, Becky
Subject:	Originators Meeting

We recognize that we are experiencing a difficult time at Enron now and you are all interfacing with our customers every day.  We are therefore holding a  short meeting at 9:00am tomorrow morning to answer questions from you and your groups.

Tammie to advise on the room.  Please invite all of your groups.

Louise


FEATURES, WORK & MONEY A power shift on energy prices Laurent Belsie Special
to The Christian Science Monitor ? 09/25/2000 Christian Science Monitor ALL
13 (Copyright 2000)

You pinch pennies, wait for sales, and compare prices. But have you  ever
gone shopping to lower your utility bills? A handful of Internet  companies
are hoping you will in the next few years.

The fledgling companies already are saving money for consumers in the
handful of states that have deregulated electric power and natural gas.  They
expect a flood of interest as more states deregulate. In the  meantime,
they're luring new customers with cut- rate deals on other  services from
long-distance telephone service to satellite television  and even gasoline.

Their formula: Lure hundreds of thousands of bill-payers to a single  Web
site where they can find great deals.

"It is the Web that has made it possible for consumers to come together
nationwide," says Sanjay Chopra, chairman and chief executive of
OnlineChoice.com, a Pittsburgh-based Internet service. "The power has
shifted - and we're enabling that process - from the producers to
consumers."

"Every month you have these bills. They're unavoidable," adds Matt Coffin,
chief executive and founder of LowerMyBills.com, based in Los Angeles. "Who
wants to pay more than they need to for monthly bills?"

The message is catching on. In a year, LowerMyBills has grown from nothing to
a marketplace of more than 250,000 people who are looking to  cut costs. The
site bills itself as a marketplace for utility- type  services. Online users
can select among three long-distance services  that charge anywhere from 4.9
cents to 6.9 cents a minute. If they sign  up, LowerMyBills gets a
commission.

The company also offers Internet access and low-interest credit cards,  as
well as electric power and natural gas in some deregulated states.  If
homeowners signed up for all of the services the company offered,  they would
save an average $3,000 a year apiece, Mr. Coffin claims.

"It's not just cost or price that attracts customers to our  marketplace,"
says Paul Lewis, president of Essential.com, an online  energy and
communications marketplace. "They're also looking for  convenience." The
Burlington, Mass. company sends customers their bills  online and charges
their credit-card accounts, saving them time but  also reducing the company's
costs.

Sometimes the companies are independent, such as OnlineChoice,  LowerMyBills,
and Essential.com, as well as Utility.com, based in  Emeryville, Calif.; and
GreenMountain.com, a South Burlington, Vt.  provider of environmentally
cleaner energy. Sometimes, they're tied to  big energy companies. In May, for
example, Enron Corporation joined  forces with America Online and IBM Corp.
to begin selling electricity  and natural gas. The company, dubbed the New
Power Company, is  marketing its services via the Internet to customers in
Pennsylvania  and New Jersey.

OnlineChoice.com uses a slightly different strategy. It pools together
potential customers and then goes out and negotiates the best possible  deal
for them. For example, 70,000 consumers agreed to register (with  no
obligation) for long-distance telephone service. That customer base  was
enough to convince GTC Telecom to offer members a price break: 4.7  cents a
minute with no monthly fees or minimums.

The company has also attracted a buying pool of 65,000 consumers for  cheaper
electricity. Currently, the company offers such deals in some  seven states.
But the pace of reform remains slow.

Even in some of the states that have deregulated, competition hasn't
flourished. Pennsylvania set prices for traditional utilities so low  that
new companies found it difficult to compete. In Massachusetts,  pricing
problems also caused only a small fraction of customers - 0.4  percent last
year - to switch. And most of them were large businesses.

Analysts expect more states to deregulate soon, which should open up  still
more business for the online discounters.

By 2005, more than a quarter of online households will use the Internet  to
trim their energy bills, according to the Yankee Group.

"There are a number of very appealing markets that are opening up to
competition," says Bob Potter, vice president of business development  for
energy for Essential.com. "The regulations that they're putting in  place are
better." (c) Copyright 2000. The Christian Science Publishing Society Folder
Name: Utilities, Electric: Deregulation Relevance Score on Scale of 100:
98______________________________________________________________________ To
review or revise your folder, visit Dow Jones CustomClipsor contact Dow Jones
Customer  Service by e-mail at custom.news@bis.dowjones.comor by phone at
800-369-7466. (Outside the U.S. and  Canada, call 609-452-1511 or contact
your local sales representative.)
______________________________________________________________________
Copyright (c) 2000 Dow Jones &Company, Inc. All Rights Reserved


If possible, don't sign a lease until I get back. If you need a immediate answer, let me know.

 -----Original Message-----
From: 	"Meringolo, Peter" <PMeringolo@brobeck.com>@ENRON [mailto:IMCEANOTES-+22Meringolo+2C+20Peter+22+20+3CPMeringolo+40brobeck+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, August 24, 2001 7:46 PM
To:	Michael L. Kirby (E-mail)
Cc:	Sanders, Richard B.; Molland, Michael E.; Fergus, Gary S.
Subject:	Repository Lease

Mike,

I understand that you will be signing the lease for the repository.
Attached please find (1) the lease, (2) attachment A to the lease, and (3)
an outstanding invoice.

Please note, I spoke with Tracy Wilson today at the Capitol Mall Executive
Center.  She is expecting early next week the signed lease as well as the
rent payment reflected in the invoice.

Please let me know if you have any questions.

Peter Meringolo

 <<leaseinvoice.pdf>>  <<leaseagtexha.pdf>>  <<leaseagt.pdf>>

=======================================================
This email message is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply email and destroy all copies of the original message.

To reply to our email administrator directly, send an email to postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com

 - leaseinvoice.pdf << File: leaseinvoice.pdf >>
 - leaseagtexha.pdf << File: leaseagtexha.pdf >>
 - leaseagt.pdf << File: leaseagt.pdf >>


Susan:  This is for the ING master.  We need to email to Cheryl and her
colleagues.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/12/2001 08:24 AM -----

	Cheryl La Belle <clabelle@bblnyrep.com>
	04/12/2001 07:51 AM

		 To: Sara.Shackleton@enron.com
		 cc: chuck.spence@ing-barings.com, matt.shimaitis@ing-barings.com
		 Subject: Re: ING Barings (U.S.) Capital Markets LLC

Sara-

Finally - It was a pelasure to speak to you and here are the coordinates.

The ISDA Agreement would be in the name of  ING Baring (U.S.) Capital Markets
LLC.

Your should forward it to me and to my colleagues at ING,  Matt Shimaitis and
Chuck Spence by e-mail, or if easier, by mail.

My address is as follows:

BBL New York Rep Office
590 Madison Avenue
28th Floor
New York, New York  10022
Phone - (212) 218-5232

and Chuck's and Matt's address is

ING
1325 Avenue of the Americas
New York, New ork 10015
Phone (212) 409-6106

My E-mail you will obviously have, but Chuck's and Matt's are:
chuck.spence@ing-barings.com
matt.shimaitis@ing-barings.com

Thanks for your help -

Regards,

Cheryl

Sara.Shackleton@enron.com wrote:

> Cheryl:
>
> We'll email the draft ISDA Schedule and CSA to you and Chuck.  Please email
> me back with address, phone, email, etc. information as to how you would
> like the drafts sent.  Thanks.
>
> Sara Shackleton
> Enron North America Corp.
> 1400 Smith Street, EB 3801a
> Houston, Texas  77002
> 713-853-5620 (phone)
> 713-646-3490 (fax)
> sara.shackleton@enron.com


Don't ever be sorry for venting to me.  I feel privileged that you trust me
that much as a friend and god knows I've cried to you a hundred times about
stuff.  You are so right about the fact that you had a way better
relationship with your Dad then most guys do.  I mean, look at my brother
and my Dad - Jesse doesn't even call him Dad.  Why in the world would your
Mom and Angela freak out on you for having human feelings?  I don't get it.
And besides all that, you were the one who used to help me and basically
write all that stuff for me so "YOU CAN DO IT!!"
Tootie is doing good.  She went in on Monday to find out if the tumor was
operable and found out that it is buried so deep in her brain that if they
even attempted to operate on it, it would probably paralyze her whole left
side.  So she goes in on Tuesday to Emanuel hospital for this high voltage
radiation treatment that's supposed to zap the shit out of the tumor.  Then
they'll check it in four months to see if it's shrunk.  If not, I guess they
will continue with the regular radiation treatments.  I talked to her on
Tuesday and she seems in really good spirits.  I'm looking forward to seeing
her on Thanksgiving.  What are you doing for Thanksgiving?  Are you going
home?
What are you doing for the Civil War game??  If you're not going to
Corvallis, do you want to watch it together somewhere?? I hope you don't
have to work this weekend.  We should have dinner too - Beaches!!!  I've
been craving their stuffed mushrooms and I haven't been there since the last
time you and I went.  Write me back....

Katie Trullinger
Wilshire Credit Corporation (REO Dpt.)
800-776-0100 x7804
katie.trullinger@wfsg.com


Yes I wuz!

dkirken@columbiaenergygroup.com on 10/09/2000 07:47:58 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: Re: Ashland Chemical

Were you REALLY working Saturday night at 11:30???

Chris.Germany@enron.com on 10/07/2000 11:31:59 PM
Please respond to Chris.Germany@enron.com

To: Donald Kirkendall/CES/ColumbiaGas@COLUMBIAGAS
cc:

Subject: Re: Ashland Chemical

Hey Don, I'm still working on this.  I should have an idea by this Wed.


Dan

As we discussed, please review 2.1 (& peruse 2.4) for your approval.

Thanks

Dan


----- Forwarded by Richard B Sanders/HOU/ECT on 02/01/2001 02:51 PM -----

	Steve C Hall
	02/01/2001 02:19 PM

		 To: Mark E Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,
jklauber@llgm.com
		 cc: robin_tompkins@pgn.com
		 Subject: CalPX Termination Letter


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 04/11/2000
11:54 AM ---------------------------

	Enron North America Corp.

	From:  Brenda F Herod                           04/10/2000 05:24 PM

To: Steve Van Hooser/HOU/ECT@ECT
cc: Michael C Bilberry/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Gregory L Sharp/HOU/ECT@ECT,
Edward D Gottlob/HOU/ECT@ECT
Subject: Re: Coastal Deal-With Exxon Participation under the Project
Agreement

Thanks for the info!

As Greg mentioned in the staff meeting today, the intent is that this
restructured deal is papered effective 4/1/00.  The impact is potentially
that the gas is not pathed properly by counterparty or on the appropriate
transport/gathering agreements, etc.  If any rates are changing, then those
need to be changed in our systems also.  There may be other areas of changes
also - I'm not attempting to list them all.  Rather I just want to make
people aware that retroactive deals can have impacts on the daily operations.

Thanks for the information.

Pat/Daren:  Can you get with Mike and/or Brian to determine the potential
impact, if any?  Thanks.

	From:  Steve Van Hooser                           04/10/2000 03:06 PM

To: Brenda F Herod/HOU/ECT@ECT
cc: Michael C Bilberry/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT
Subject: Coastal Deal-With Exxon Participation under the Project Agreement

Brenda,

Per your request, attached are the Draft documents which will be used to
finalize the new  Gathering Arrangment between HPL and Coastal, the revenue
sharing arrangement between Exxon and HPL (Transaction Agreement) and the
Residue Gas Purchase Agreement between Coastal, as Seller and HPL as Buyer
(Amendment to Wellhead purchase agreeement).

I do not have a copy of the Processing Agreement between Exxon and Coastal,
as such agreement does not involve us (and I believe it is far from
finalized. The only other document that I plan to prepare is a termination
agreement relative to the current Liquifiables Purchase Agreement between
Exxon as purchaser and HPL as seller--this termination will be affective as
of 4/1/2000.

If I can be of any further assistance, please let me know.

Steve


UB Comment
More on California Deregulation Nightmares
Martin Rosenberg

09/30/2000
Utility Business
Copyright 2000 by Intertec Publishing Corporation, a PRIMEDIA Company. All
rights reserved.
What were California utility regulators and state legislators smoking when
they devised California's so-called "pioneering" stab at electric
deregulation? The flaws in the scheme they came up with are profound. They
are also rather easy to identify.
Simply put, California's deregulation gurus required distribution utilities
to shed their generation and buy power ONLY through the California Power
Exchange and predominantly on a spot basis. Generators had total market
power.
The utilities - and the millions of Californians that they serve - were
captive customers. Whatever price the generators could generate, the
utilities had to pay. They could not use the threat of dropping off the Power
Exchange system if prices got too high.
Second, the utilities were stripped of any of the powerful tools available to
deal with risk.
Doug Kline, spokesman for San Diego Gas & Electric, says his company had a
limited ability to hedge - or protect itself against soaring prices - going
into this summer. It could hedge 10 percent of its power needs up to three
months in advance. "We could go into the block forward market if someone
would accept our proposal," Kline said, but "it's thinly traded."
This is where the California scheme borders on being criminally
irresponsible. Why expose utilities to market risks without providing them
with means of protecting their customers against wild swings in market
prices?
The futures market is complex. But there are some easy patterns to discern.
Electric prices in many parts of the country peak in the summer when consumer
demand for air conditioning peaks. They are lowest in the winter. Generally,
futures prices track these seasonal fluctuations. A few years ago, some wags
observed that New York Mercantile Exchange futures traders who felt snow
falling on their necks going to lunch returned to work and bid up the futures
price of natural gas.
As one trading company official says, "It doesn't take a brain surgeon to
know electricity is going to go up in the summer."
This summer it zoomed to 19.3 cents per kilowatt hour, up from 4.2 cents a
year earlier.
Demand for power is not up sharply this summer and supply is about equal,
compared to last year. "It is difficult to explain a five-fold increase in
prices," Kline says.
San Diego Gas & Electric in the winter time - when electricity futures prices
tend to be low - should be able to buy a futures contract for electricity to
be delivered the following summer. Then, if prices soar, the utility's
exposure would be limited.
In their wisdom, however, California policymakers decided to largely deny
utilities access to the futures market.
Furthermore, the utilities could not buy power outside of the California
Power Exchange.
San Diego tried. "We applied more than six months ago for authority to buy
outside the California Power Exchange, and the California Public Utilities
Commission denied it," Kline says.
The rise of trading Large industries in California can strike a deal with
competitive suppliers. However, major traders have stayed away from smaller
users - and consumers - because the margins are too thin. So consumers are
captive of the utilities that in turn are captive of the California Power
Exchange.
Meanwhile, a robust energy trade has been developing in the rest of the
country. A recent study by the Yankee Group in Boston reports that $70
billion in electricity and natural gas will be traded on electronic energy
commodity exchanges this year, up from $25 billion last year. That's a
healthy hunk of the $225 billion worth of electricity and natural gas sold on
wholesale markets.
"As energy-trading firms migrate to these exchanges, over 90 percent of
wholesale natural gas and electricity will trade across commodity exchanges
within three years...An expanding trading market will result in $450 billion
of energy trading by 2005 - virtually all of it electronically," the Yankee
Group's May study states.
So far, marketers are sitting on the sidelines. Al Butkus, a spokesman for
UtiliCorp United, says, "We don't deal in California," Butkus says. "It's not
an important market to us." That is an indictment of efforts to deregulate
the state. UtiliCorp owns Aquila Energy, which last year was the second
largest wholesaler of power and the third largest wholesaler of natural gas
in North America.
The Federal Energy Regulatory Commission in late August announced it would
investigate developments in the California market. The commission will try to
determine if the market rules need fixing, and whether remedial action must
be taken because rates are unjust.
Stephen Baum, head of San Diego's parent, Sempra Energy, says, "We strongly
believe that FERC's investigation opens the door for substantial reforms of
the state's wholesale electricity market, which is not workably competitive,
and will eliminate the extreme wholesale price spikes that we have
experienced this summer."
While announcing the investigation, as part of a national market review,
James J. Hoecker, commission chairman, said, "We do not find finger-pointing
to be helpful at this juncture."
At some point, however, the following conclusions are likely to be drawn:
- In deregulated markets, suppliers cannot be free to raise prices with
impunity while consumers are naked to the howling winds of competition.
Utilities must be able to hedge their risks.
- If free markets are to work, the benefits of competition must flow to
residential consumers and other small users. It is not sufficient to place an
artificial "cap" on rates - since costs are still incurred that must be
recovered at some later date. There should be a profit incentive for
marketers to court consumers. Factors limiting the emergence of a competitive
consumer market should be identified and eliminated.
- California, as large as it is, is not an island. Utilities in the state
should not be required to buy from the California Power Exchange.
- California regulators, who declined several requests for interviews for
this column, and legislators should apologize to traumatized California
consumers. They should admit they were unequal to the task of devising fair,
workable deregulation policies.


i sustained injuries from friday night....two minor scratches on my index finger due to the cat, and a sore neck from head banging to limp bizkit....think mo suffered from the neck injury as well....hope your roomie wasn't irritated by the ruckus.


I'm sorry about that! It looks like the NW traders were adding to their sheet
while I was transferring data from it, so I didn't have the most updated
version this morning. This should look better!

Kate


To signatories to the Comprehensive Settlement for SoCalGas & SDG&E:

A few more "errata" I plan to make, absent objection:

A. Creditworthiness Sections (1.2.3.2 and 2.2.3.2):

In 1.2.3.2 on p.21, under b., subitem ii. should have "or" inserted at the
end of the subitem and the "or" at the end of subitem iii. should be
stricken (so that the reports or forms listed in i., ii., and iii. are
alternatives to each other (customer only has to provide one of the three)
and subitems iv. and v. are additional required items).

In 2.2.3.2 on pp.36-37, make parallel changes in the "or"s as stated above.

On p.22, under h., subitems i. through v. should be indented more than h.
and then items j), k) and l) should be renumbered i., j., k. (this will then
match section 2.2.3.2, which has the correct spacing/alphanumbering).

On p.22 and p.37, we'd like to drop the reference to "U.S." in the reference
to a letter of credit issued by a major "U.S." financial institution.
SoCalGas has realized that it has already had dealings with Canadian or
other foreign-owned customers where it was reasonable to rely on letters of
credit from major financial institutions of the parent's country.  (This
should be ok with Paul Amirault, eh?)

B. Btu content

On pp.10 (twice) and 31, the settlement says we are assuming 1,016 Btu/mcf
for the heating value of gas (subject to revision by Commission during term
of settlement).  We have the wrong units.  It is 1,016 Btu per cubic foot,
not per thousand cubic feet.  We'd propose to change the number to 1,016
Btu/cf (not "1,016 Btu/mcf")  On p.33, we got the units right the first time
and don't need to change them on that page.

Again, I'd appreciate you getting back to me or Brian Cherry by noon Friday
if you have any problem with the above changes.

   -- Glen Sullivan

-----Original Message-----
From: Sullivan, Glen J.
Sent: Wednesday, April 26, 2000 12:58 PM
To: 'MBD'; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea, Keith'; 'Pocta, R.
Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder, John'; 'Amirault,
Paul'; 'Alexander, Michael'; 'Chancellor, Craig'; 'Dingwall, B.';
'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug'; 'Rochman,
Michael'; 'Counihan, Rick'; 'Bayless, David'; 'Paul, Joe'; 'Jimison,
John'; 'Foss, Robert'; McVay, Nancy W - TPNWM; 'Scott, Susan'; 'Karp,
Joe'; 'Johnson, Pamela'; 'gileau, patrick'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Follett, B. David - TPDBF; Brill, Thomas R.; Van Lierop, Jan - TP2JXV;
Harrigan, James P. - TP1JPH; Sakarias, Wayne P.; Purves, Ralph A.;
Teeter, James S.; Watson, Steven - TP2SAW; Cherry, Brian - TPBKC;
Whitaker, Sue
Subject: RE: Gas Industry Settlement

To signatories to the Comprehensive Settlement:

ALJ Biren has given us until Friday of this week (April 28, 2000) to file
"errata" to the Comprehensive Settlement.

So far, I am planning to make the following non-substantive changes:

1.  The table of contents was seriously messed up by an "automatic update"
feature in Word just before we duplicated and filed.  I will be putting it
back to the state you saw in the final draft.

2.  On p.7, section 1.12, put a period at the end of the last sentence.

3.  On p.9, section 1.1.3.1,  two thirds of the way down the page, I will be
changing "subject to adjustment annual by the base rate PBR formula" to
"subject to adjustment annually by the base rate PBR formula".

4. On p.27, section 1.5.4, in the third full paragraph on the page, I will
be changing "If only one customer has an OFO day" to "If only one customer
class has an OFO day".

5.  Also on p.27, section 1.5.4, bottom line on the page, I will be filling
in the blank with "C" (so it reads "Appendix C")

In the category of "maybe substantive",

1.  On p.10, section 1.1.3.2, three lines from the bottom of the page, the
date "October 1, 2000" would be changed to "October 1, 2001".  This sentence
refers to including the cost of backbone transmission for core customers
buying gas from SoCalGas in the "procurement" rate.  Obviously, our intent
was to do that only once we had unbundled backbone transmission, which
happens on October 1, 2001.

In the category of "substantive":

1.  Our capacity term sheet had said that we would unbundled "additional"
(non-reliability) storage for CTAs effective upon implementation of the
settlement (See p.4).  The filed settlement managed to drop the section that
provided for this option for CTAs prior to the principal storage change on
April 1, 2001.  (The filed settlement is ok for the period starting April 1,
2001).  So, to be consistent with the term sheet, we need to insert
something back into the settlement to allow CTAs to opt out of
non-reliability storage in the period from the effective date (90 days after
approval) to April 1, 2001.  Obviously, this may not be a very long period.
John Leslie has suggested inserting at the very beginning of Section
5.4.4.3:  "In the partial storage year beginning on the effective date of
this Settlement Agreement, and....[continue with current text]."  We would
need to cover as part of implementation filings the exact mechanism/pricing
for SoCalGas purchasing gas in storage owned by CTAs if they opt out of
nonreliability storage prior to April 1. 2001.  SoCalGas and SDG&E are ok
with John's language and want to make sure it is ok with other signatories.

If you have any problems with any of these changes, please contact me or
Brian Cherry by noon on Friday, April 28.  My email is gsullivan@sempra.com
and my phone is (619) 699-5162.  Brian's email is bcherry@sempra.com and
phone is (213) 244-3895.

We are looking at the possibility of two or three additional changes, and
Brian may send you a follow-up message.

-- Glen Sullivan
Sempra Energy Law Dept.


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Tuesday, November  20, 2001
                                                                                (Trade Date of Monday, November  19, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Region     Hub	High	Low	Wtd Avg Index	Change ($)	Vol (mmBtu)	Hub Name
 LOUISIANA
    ANR SE	          $2.3800	          $1.8900	          $2.0225	+    .4136	         293,000	American Natural Resources Pipeline Co. - SE  Transmission Pool
    Columbia Onshore	          $2.4700	          $1.8700	          $2.1529	+    .5234	         270,300	Columbia Gulf Transmission Co. - Onshore Pool
    Henry Hub	          $2.4600	          $1.9300	          $2.0774	+    .3593	       1,472,500	Henry Hub tailgate - Louisiana
    NGPL LA	          $2.3275	          $1.8600	          $1.9720	+    .3835	         238,800	Natural Gas Pipeline Co. of America, Louisiana Pool
    Tenn 500L	          $2.3400	          $1.8150	          $2.0306	+    .4295	         422,700	Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool
    Tenn 800L	          $2.3300	          $1.8150	          $2.0073	+    .4024	         251,300	Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool
    TETCO ELA	          $2.5200	          $1.8550	          $2.1374	+    .4885	         248,500	Texas Eastern - East LA
    TETCO WLA	          $2.4800	          $1.8200	          $1.9198	+    .3116	         244,200	Texas Eastern - West LA
    Transco 65	          $2.5000	          $1.9650	          $2.1221	+    .3847	         244,600	Transco - Station 65
    Trunkline ELA	          $2.4500	          $1.8200	          $1.9795	+    .4371	         103,300	Trunkline Gas Company - East Louisiana Pool
    TxGas SL	          $2.4700	          $1.8800	          $2.0918	+    .4279	         328,900	Texas Gas Transmission Corp.-Zone SL FT Pool
 MIDCONTINENT
    MichCon, citygate	          $2.4300	          $2.0700	          $2.1744	+    .3588	         243,500	Michigan Consolidated
    NGPL Midcont	          $2.1000	          $1.7150	          $1.7930	+    .4001	         165,400	Natural Gas Pipeline Co. of America, Mid-Continent Pool
    NGPL Nicor, citygate	          $2.4200	          $1.8950	          $2.0090	+    .3880	         519,500	Natural Gas Pipeline Co. of America, Nicor Citygate
    NGPL NIPSCO, citygate	          $2.4500	          $1.8950	          $1.9945	    .3900	         121,200	Natural Gas Pipeline Co. of America, Nipsco Citygate
    NNG Demarcation	          $2.3900	          $1.8100	          $2.0449	+    .5635	         217,200	Northern Natural Gas, Demarcation Pool
 NORTHEAST
    Columbia TCO	          $2.5000	          $1.9800	          $2.1417	+    .3887	         605,300	Columbia Gas Co. - TCO Pool
    Dominion So.Point	          $3.0000	          $2.0600	          $2.3471	+    .5403	         367,500	Dominion - South Point
    TETCO M3	          $3.0900	          $2.2100	          $2.5296	+    .5388	         399,000	Texas Eastern - M3 Zone
    Transco Z-6 (NY)	          $3.2375	          $2.4100	          $2.6257	+    .6410	         327,600	Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)
 WEST
    El Paso non-Bondad	          $1.7800	          $1.5900	          $1.7077	+    .5433	          83,200	El Paso - San Juan Basin, Blanco Pool
    Huntingdon/Sumas	          $1.9300	          $1.7650	          $1.8250	+    .5531	         128,000	Westcoast Energy & Northwest Pipeline Corp.
    Opal	          $1.7500	          $1.4900	          $1.5583	+    .3706	         129,800	Opal
    PG?Citygate	          $2.0500	          $1.8900	          $1.9756	+    .5850	         287,000	PG?- Citygate
    SoCal Border	          $1.9500	          $1.8300	          $1.8850	+    .4775	         226,600	Southern California Border Points (Ehrenberg,Topock,Needles)
 WEST TEXAS
    El Paso - Keystone	          $2.0900	          $1.6300	          $1.7492	+    .4700	         310,000	El Paso - Keystone Pool
    Waha	          $2.2000	          $1.7500	          $1.8735	+    .5027	         213,800	Waha Hub - West Texas

                                                                                Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:17 PM ---------------------------

	Enron North America Corp.

	From:  Enron NA Office of the Chairman                           12/16/99
10:22 AM

To: All Enron North America
cc:
Subject: Revised: Organizational Changes

To:  Enron North America Corp.

From:  Cliff Baxter and Kevin Hannon

In July, as part of the Enron North America (ENA) reorganization, the
implementation of several objectives were highlighted as critical to the
continued growth of ENA including: 1) accelerate the development of our
people, 2) significantly expand our customer network and associated markets,
and 3) accelerate and enhance the information flow between groups, both
within ENA and across Enron. Consistent with these objectives and with the
corporate goal of fostering &One Enron8, we would like to announce the
following organizational changes in the Coverage/Origination Groups and the
Commercial Transactions Group within ENA.

1) Coverage/Origination:

To ensure a consistent strategy, the free flowing of resources and product
technology and the appropriate focus in the midstream and downstream
businesses, the following coverage/origination groups will be consolidated
under the leadership of Dave Delainey :
a) the Eastern and Western U.S. Midstream Coverage/ Origination groups which
focus on energy, finance and power development solutions for electric and gas
utilities, municipals, co-ops, energy service companies and IPP,s;
b) the Downstream Coverage/Origination groups which focus on delivering a
broad range of products and services to the heavy industrial customers
including  pulp and paper, chemicals, plastics, refined products, metals and
mining, heavy manufacturing, industrial gases, fertilizers, transportation,
textiles and glass manufacturing the Eastern and Western U.S. Midstream
Coverage/ Origination groups which focus on energy, finance and industries.

Downstream Coverage/Origination

As energy deregulation continues in North America, it is becoming clear that
the heavy industrial segment will be an important customer market for both
ENA and Enron Corp.  Further, it is clear that ENA can significantly expand
its industrial customer network and create more innovative industrial
solutions by having a group that can deploy all the capabilities of Enron
Corp.  Against this backdrop, the Downstream Coverage/Origination function
will expand its product offering to include not only ENA,s existing energy
commodities, energy services, finance, assets and pulp and paper capabilities
but also EES,s energy outsourcing capability and Global Fuel,s chemicals,
plastics and refined products risk management capability.  These additional
capabilities will be offered in conjunction with EES and the Global Fuels
groups. Given the size and importance of this Enron initiative, Greg Piper
will be returning from Portland to manage this business. Under Greg,s
leadership, the Downstream Origination effort will be segmented into three
sub-groups given the nature of these industries and our product offering:
a) Pulp and Paper ) Edward Ondarza will continue to manage the coverage
activities in the Pulp and Paper business. This group will be responsible for
the provision of innovative
products and services in the pulp and paper industry including the provision
of paper risk management products;
b) Chemicals, Plastics and Refined Products ) We have asked Jim Ajello to
lead the coverage activities in this business.  This group will be
responsible for the provision of innovative products and services in the
chemicals and refined products industries;
c) Non-Integrated Industrials ) Bruce Garner, formerly leader of Bankers
Trust,s global metals and mining group in London, has joined ENA to lead the
coverage activities in this business.  This group will be responsible for the
provision of innovative products and services for the metals and mining,
heavy manufacturing, industrial gases, fertilizers, transportation, textiles
and glass manufacturing industries.

Midstream Coverage/Origination

a) Eastern Coverage/Origination ) This group, activities will focus on
energy, finance and power development solutions for electric and gas
utilities, municipals, co-ops and energy service companies in the Eastern
Interconnect. We have asked  Janet Dietrich to assume the leadership of this
group;
b) Western Coverage/Origination ) This group,s activities will focus on
energy, finance and power development solutions for electric and gas
utilities, municipals, co-ops and energy service companies in the WSCC. They
will also continue to manage all Qualified Facilities (QF) restructuring
opportunities in the Western U.S.  We have asked Chris Calger to assume the
leadership of this coverage group. Chris will relocate to Portland from
Calgary where he currently leads the Canadian downstream origination efforts;
c) IPP Merchant Coverage/Origination ) This group,s activities will focus on
the provision of structured energy, finance and asset solutions for the
emerging merchant power generators who control large portfolio,s of merchant
power generation either through development or acquisition. We have asked
Mike Miller to assume the leadership of this group.  In addition, Mike will
continue to manage the power development activities in the Eastern
Interconnect;
d) Eastern QF Restructuring ) This group will focus on the QF restructuring
opportunities in the Eastern Interconnect including the existing
restructuring and re-capitalization of the East Coast Power assets.  We have
asked Dave Duran to assume the leadership of this business. Greg Blair,
formerly of Enron Asia,s development group, Doug Clifford, formerly of
Citizens power, and Dick Lydecker, formerly of Cogen Technology, will join
this newly formed business.

2) Commercial Transactions:

The Commercial Transactions Group (CTG), co-headed by Ray Bowen and Jeff
Donahue, was formed to provide a centralized resource for the execution of
transactions within ENA ) and thereby, improve ENA,s efficiency in executing
transactions and free-up the origination groups to increase their intensity
of client coverage.  CTG consists of six primary functions: Transaction
Development, Capital Structuring and Portfolio Management, Commodity
Structuring and Transportation, Transactional Support/Accounting, Technical
Analysis and Upstream Asset Management.

The Transaction Development Group will be responsible for deal leadership,
execution and optimization of all aspects of a transaction in conjunction
with the originator. The function will be divided into four teams, each of
which will be dedicated to between two and four origination groups.  This
dedication to specific groups should provide a closer link, better service
and greater accountability with the origination groups; however, the CTG
resources are designed to be a fungible and flexible resource allocated to
the highest value transactions across the coverage functions:

a) Midstream Transaction Development will be dedicated to the Eastern and
Western Coverage/Origination Groups.  The senior members of this group
include Billy Lemmons, George McCormick, Erin Norris and Russ Porter. Billy
Lemmons joined Enron in 1992.  Most recently, he was the Vice-President of
Capital Structuring and Risk Management for EES. Russ Porter joins us today
from Dynegy where he was a manager with responsibilities for power
origination.
b) Downstream Transaction Development will be dedicated to ENA,s industrial
origination efforts in Pulp and Paper, Petrochemicals and Refining,
Environmental Energy, Metals and Mining and other industries as coverage is
established.  The senior members of this team include Rodney Malcolm, Jay
Boudreaux, Finley Biggerstaff and Chris Helfrich.  We anticipate announcing
two to four more additions to this team within the next few weeks.
c) Generation Transaction Development will be dedicated to the IPP Merchant
Services and power plant development and QF Restructuring groups.  The senior
members of this team include Thomas Suffield, Andy Kelemen, Kelly Mahmoud and
John House. Thomas Suffield joined Enron in 1996. Most recently, he was the
Vice-President of Origination for the Latin American group in Azurix.  We
anticipate announcing two more additions to this team within the next few
weeks.
d) Upstream Transaction Development will be dedicated to the Producer
Finance, Coal and Gas Assets groups.  The senior members of this team include
Brad Dunn, John Curtin and Chris Hilgert.  We hope to announce the addition
of at least one VP to this group prior to yearend.

Ray Bowen will have primary oversight responsibilities for the Upstream and
Downstream Transaction Development teams with Jeff Donahue having primary
responsibilities for the Midstream and Generation teams.  Andrea Reed will
continue to head Capital Structuring and Portfolio Management: all junior
commercial resources within the Transaction Development teams will have dual
responsibilities to both their Transaction Development teams and to the
Capital Structuring Group.  The remaining four groups within CTG will remain
largely unchanged.  In addition, the Origination and the Transaction
Development teams and their respective origination groups will be located
together.

We believe that these changes will significantly enhance our market coverage
and industry knowledge in all ENA,s markets particularly in the industrial
markets. It will also provide a closer partnership and accountability between
the Coverage/Origination Groups and the CTG Groups.

Please help us in continuing to build on the success we have enjoyed in North
America by working with us to implement these changes.


---------------------- Forwarded by Greg Whalley/HOU/ECT on 03/08/2000 08:08
AM ---------------------------

Rahil Jafry
03/07/2000 03:13 PM
Sent by: Rahil Jafry
To: Louise Kitchen/LON/ECT@ECT, Dave Samuels/LON/ECT@ECT, David
Forster/HOU/ECT@ECT, Paul Goddard/LON/ECT@ECT, Awais Omar/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Julie Ferrara/HOU/ECT@ECT, Mario Parra
Cardoso/Corp/Enron@Enron, Bob Shults/HOU/ECT@ECT
cc:
Subject: Williams' Energy Marketing and Trading Unit Acquires Equity Interest
In HoustonStreet.com...

---------------------- Forwarded by Rahil Jafry/HOU/ECT on 03/07/2000 03:07
PM ---------------------------

Williams' Energy Marketing and Trading Unit Acquires Equity Interest In
HoustonStreet.com

03/07/2000
PR Newswire
(Copyright (c) 2000, PR Newswire)

  TULSA, Okla., March 7 /PRNewswire/ -- Williams Energy Marketing & Trading
Co., a unit of Williams (NYSE: WMB), announced today that it is acquiring a
minority stake in Houston Street Exchange, a Web-based energy trading
exchange.

  Financial terms of the transaction were not disclosed.
  Since the launch of HoustonStreet.com in July 1999, Houston Street Exchange
has established itself as one of the industry's most dynamic
business-to-business exchanges for wholesale power trading.  HoustonStreet.com
recently announced plans to launch new Web-based platforms for trading crude
and refined products at the wholesale level.

  "Emerging technologies continue to change the way the energy industry
operates, and HoustonStreet.com is on the leading edge of the revolution.
Internet-based trading has exploded, and we believe that this investment will
allow us to play a significant role in the development of new markets and
platforms," said Bill Hobbs, president of Williams Energy Marketing & Trading.

  "The investment in HoustonStreet.com is just one piece of Williams'
eBusiness strategy," added Nancy Gustine, director of eBusiness for Williams
Energy Marketing & Trading.  "By acquiring a stake in this innovator in the
electronic-exchange industry, we can capitalize on our marketing strengths
while helping them transform the trading industry."

  "To have one of the leading energy companies in the country invest in our
trading platform is a direct validation of our technology and our vision for
the future of energy trading" said Frank Getman, president and CEO of Houston
Street Exchange.  "We look forward to Williams' market strength and support in
creating the premier online energy trading platform across multiple
commodities."

  Williams' energy marketing and trading unit buys and sells all types of
energy products nationwide including natural gas and gas liquids, crude oil
and refined products and electricity.  The unit also manages its customers'
exposure to volatile energy prices using comprehensive risk management
services and creates customized energy financing solutions for producers and
end-users.

  About Houston Street Exchange

  Designed by traders for traders, Houston Street Exchange represents the
first Web portal for the trading of wholesale energy products.
HoustonStreet.com provides an online trading engine that allows traders to buy
and sell their energy products faster, more efficiently and more easily than
they do today.  Houston Street Exchange is headquartered in Portsmouth, New
Hampshire, with offices in Houston, Texas.  Houston Street Exchange is a
majority-owned subsidiary of BayCorp Holdings, Ltd. (Amex: MWH).  For more
information, visit Houston Street at www.houstonstreet.com.

  About Williams

  Williams, through its subsidiaries, connects businesses to energy and
communications.  The company delivers innovative, reliable products and
services through its extensive networks of energy-distributing pipelines and
high-speed fiber-optic cables, comprehensive energy services, including
commodity trading and risk management, and business communications systems,
international satellite and fiber-optic video services.  Based in Tulsa,
Okla., Williams operates about $25 billion in assets.  Company information is
available at www.williams.com.

  Portions of this document may constitute forward-looking statements as
defined by Federal law.  Although the company believes any such statements are
based on reasonable assumptions, there is no assurance that actual outcomes
will not be materially different.  Additional information about issues that
could lead to material changes in performance is contained in the company's
annual report or form 10K, which is filed with the Securities Exchange
Commission.

/CONTACT:  Patty McKissick, Media Relations, 918-573-5738, or email,
patty.mckissick@williams.com, or D'Ann Riley, Investor Relations,
918-573-8088, or email, d'ann.riley@williams.com, both of Williams/
15:06 EST

Folder Name: Rahil Jafry
Relevance Score on Scale of 100: 82

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
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Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 01/02/2001
01:02 PM ---------------------------

David Ryan@ENRON
01/02/2001 10:56 AM
To: hunter.s.shively@enron.com
cc:
Subject: European 10 jet stream heights

We have only the heights for now - maybe someday we'll see days 8 and 9.
Good luck,
Dave

http://www.sca.uqam.ca/models/
http://www.sca.uqam.ca/models/ecmwf_amer/cep00_9panel.gif


Kathy, I had to change one of you reviewers from Chris to Randy Janzen.  Please let me know
	if you have any concerns.  Thanks. Lynn


cataract (KAT-uh-rakt) noun

   1. A large or high waterfall.

   2. A great downpour; a deluge.

   3. Opacity of the lens or capsule of the eye, causing impairment of
      vision or blindness.

[Middle English cataracte, from Old French, from Latin cataracta, from Greek
katarraktes, kataraktes, probably from katarassein, to dash down : kat-,
kata-, cata- + arassein, to strike.]

   "The cataracts blow their trumpets from the steep
   No more shall grief of mine the season wrong;
   I hear the Echoes through the mountains throng,
   The Winds come to me from the fields of sleep."
   William Wordsworth, Ode: Intimations of Immortality from Recollections of
   Early Childhood.

Have you seen the poem about a little girl who, with a lantern in her hands,
goes out in a snowstorm to light the path of her mother coming back from
town? Later, her parents go out to look for her, following her footprints in
the snow when we discover, "And further there were none!" My heart skipped a
beat when I came across those five words. I'm talking about Lucy Gray, a poem
by William Wordsworth ( http://www.bartleby.com/145/ww158.html ), that I read
in my early school days. Later, the emphasis on math and science, and
subsequent studies of computer science in college and grad school, blotted
out the world of poetry. I forgot the name of the poet and other details of
the poem but it has been haunting me ever since. Recently, while researching
some words, I came across the poem again and realized it had never really
left me. Does a poem ever do?

What is it in poetry that moves us so much? Perhaps it is a reminder that no
matter how tough, and worldly-wise we may or try to be, deep inside all of us
have the heart of a child. In this week's AWAD, I'll present words from some
of my favorite poets. Why don't you email me (anu@wordsmith.org ) about your
favorite poets and their poems?                                        -Anu

............................................................................
The first human who hurled an insult instead of a stone was the founder of
civilization. -Sigmund Freud, neurologist, founder of psychoanalysis
(1856-1939)

Q: Some time ago you featured a quote/word about x in AWAD. Could you resend
it?
A: You may search the archives at http://wordsmith.org/awad/search.html
   or browse them at http://wordsmith.org/awad/archives.html All the
   words and quotes since the beginning of AWAD are available there.

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


Fly to DC from Biloxi


thanks
h


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now in the most recent version of Adobe Acrobat 4.0 and they
should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat
Reader 4.0 may be downloaded for FREE from www.adobe.com.

(See attached file: TotalGasolineStocks.pdf)(See attached file: Padd I
Distillate Stocks.pdf)(See attached file: Padd I Gasoline Stocks.pdf)(See
attached file: Padd II Crude Stocks.pdf)(See attached file:
TotalCrudeStocks.pdf)(See attached file: TotalDistillateStocks.pdf)(See
attached file: APIMAIL.pdf)

 - TotalGasolineStocks.pdf
 - Padd I Distillate Stocks.pdf
 - Padd I Gasoline Stocks.pdf
 - Padd II Crude Stocks.pdf
 - TotalCrudeStocks.pdf
 - TotalDistillateStocks.pdf
 - APIMAIL.pdf


Hey, sorry I didn't write you back sooner however I had a six day break.
Anyway,  ST Pattys day was a blast, Dahl and Pat and I started drinking
around 10am and by the time the night was over we had been to 10 different
bars, (got kicked out of two)  met up with a ton of people and had an overall
blast.  I was so hating it the next day.   My sister was up from LA this
weekend.  We had a really good time.  Went to Touche and the Gypsy on
Thursday, went to the Blazer game and then Scooters.  On Saturday night we
went to the Kennedy School, and on Sunday we went to Multnomah Falls and took
her to Beaches for lunch.  She had a really good time and it was nice to have
her up for the weekend.  Anyway, how is everything with you?


Hello everyone,

	We already have a winner in this week's football pool. Rudy Acevedo only missed 5 games and picked Minnesota in tonight's game, while the other people who missed 6 games, all picked Minnesota as well tonight. There were 21 people who played this week, making the prize $63.

	Among the games widely missed were: in college, mainly just the Alabama/Auburn game; in the pros, Atlanta/Green Bay; NY Jets/Miami; Cleveland/Baltimore; Washington/Denver and Chicago/Tampa Bay.

	With the short week this week, there will not be a pool this coming weekend. We will resume next week. Here are the amount of games missed by each person who played this week.

											Andy

Rudy Acevedo		5
Kayne Coulter		6
Todd DeCook		6
Rob Benson		6
Bryce Schneider	6
Russell Ballato		7
Dave Ryan		7
Paul Broderick		7
Larry Jester		7
Carter Ellis		7
Thomas Lowell		8
Gautam Gupta		8
Jeff Miller		8
Pat Hanse		8
Steve Pan		8
Jaime Gualy		9
Joe Step		10
Andy Pace		10
Larry Campbell		11
Ashish Mahajan		12
Diana Allen		14


See ya in el lobbyo at noon

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Lynn Aven/ENRON@enronXgate
	04/19/2001 10:42 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RE: Lunch

How about noon?

Lynn

 -----Original Message-----
From:  Shackleton, Sara
Sent: Thursday, April 19, 2001 10:22 AM
To: Aven, Lynn
Subject: Re: Lunch

Yes, I'm available.  What time works for you? I'd rather go after 111:45.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Lynn Aven/ENRON@enronXgate 04/19/2001 09:45 AM 	   To: Sara
Shackleton/HOU/ECT@ECT  cc:   Subject: Re: Lunch

 Sara:  Are you still on for lunch today?  Where do they have good tunnel of
fudge downtown?  If you are available, let me know time and I will meet you
in the lobby of the Enron Building.

 Lynn


8.41 on 54,000 shares traded


It's set for the 12-13th. I'll prepare an agenda.

-----Original Message-----
From: Richard.B.Sanders@enron.com [mailto:Richard.B.Sanders@enron.com]
Sent: Tuesday, June 05, 2001 6:18 AM
To: Breasoner@Gibbs-Bruns.com
Subject: Re: meeting with experts

Has this been set? Who is coming? What is the agenda?

                    "Barrett H.

                    Reasoner"                To:     "'Sanders, Richard'"
<Richard.B.Sanders@enron.com>
                    <Breasoner@Gibbs-        cc:

                    Bruns.com>               Subject:     meeting with
experts

                    05/25/2001 02:36

                    PM

What looks better for you: June 11-12 or 12-13?


Connie; Matt Motley who I work with over here is interested in going to Thailand for his honeymoon.  I told him that your son taught school there and that you had visited numerous times thus making you an excellent source of information.  If you would not mind answering a couple questions for him I'm sure he would really appreciate it.  I highly recommended Puket for starters.  Thanks again and hope all is going well.    John


I think I'll just take off until you get back!

suzanneadams@att.net on 04/09/2001 04:43:57 PM
To: sheila.tweed@enron.com, dan.lyons@enron.com, carol.st.clair@enron.com,
kay.mann@enron.com, mary.j.heinitz@enron.com, janette.elbertson@enron.com,
margaret.doucette@enron.com, becky.spencer@enron.com
cc:

Subject: Doctor's Report

I went to the doctor today for my checkup, and he said I
was doing good (a very fast healer).  However, he still
wants me to take it easy for a couple more weeks.
Therefore, he's released me to return to work on Monday,
April 30!  I'll be ready!!!!!!!


Re;  enovate/Peoples
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 10:39
AM ---------------------------

"Boyd J. Springer" <bjspringer@JonesDay.com> on 03/05/2001 12:04:15 PM
To: kay.mann@enron.com, gregg.penman@enron.com
cc:

Subject: Master Sales Proceeding

I called Jerry Fox to check on the status of the ICC Staff's testimony
which was to be filed Feb. 28. Jerry reports that Staff requested an
extension until March 29 to file their testimony. Staff has indicated that
it intends to conduct further discovery, i.e. send more data requests.
Jerry also says that Staff has inofrmed Peoples informally that it is
(apparently strongly) opposed to approval of the filing. Jerry says that
Peoples is considering whether to withdraw its Petition for approval. As I
understand it, this depends on whether there is a way to pursue
transactions with enovate without a need for approval (presumably under the
"market price" exception to the approval requirement.) I suggested that it
may be preferable to wait until Staff files its testimony (explianing its
position) before making a decision about withdrawal. Jerry says Peoples'
concern is the additional disocvery which may be conducted. As I understand
it, the case is being discussed internally at Peoples. I don't know whether
Peoples has discussed this with you (Gregg) or anyone at enovate.

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