Jim - at Vicki's meeting today, there was general discussion on risks and
issues surrounding EES new product.  Marcus prepared info below for the
group.  There may be a meeting in next couple of days about commercial, legal
and regulatory issues with Dave Delainey.  I drafted up these omments on
regulatory issues - see attached. -

Jeff - Jeremy Blachman said he'd like to hear more on the status of
core/non-core negotiation.    I said it was part of SCE negotiation; one camp
wants to attach past utility costs to departing customers; large customers
want switchback option; likely there will be some compromise on these
issues.  Could you give him latest?

----- Forwarded by Harry Kingerski/NA/Enron on 06/11/2001 06:06 PM -----

	Marcus Dotson@EES
	06/11/2001 04:33 PM

		 To: Scott Gahn/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, James M
Wood/HOU/EES@EES, Andrew Wu/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Greg
Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Lamar Frazier/HOU/EES@EES, Peggy
Mahoney/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Edward Hamb/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES
		 cc:
		 Subject: California Market Re-Entry

I've attached an internal memorandum as well as the product approval sheet
for your review.  Please provide comments as soon as possible.
Once I receive your feedback I will resend so that everyone is on board.

Regards,
Marcus


I do not have an issue with shifting $0.5 MM of VaR from Power to Gas.

However, I do not want to hear of another bad decision or a control problem at PGE. Thus, it is a good practice for them to run this change by the Chief Risk Officer.

Vlady.

-----Original Message-----
From: Hayslett, Rod
Sent: Monday, August 27, 2001 6:35 AM
To: Lobdell, Jim
Cc: Piro, Jim; Stathis, Kristin
Subject: RE: Trading Limits

I am fine with these changes.   It is generally preferred to get Rick's consent to such changes to avoid difficulties going forward.    I don't think there will be any problem, but it's just good practice to keep the Chief Risk Officer in the loop.     I will be more than happy to forward for you, or you may actually just forward this.

-----Original Message-----
From: Lobdell, Jim
Sent: Friday, August 24, 2001 6:34 PM
To: Hayslett, Rod
Cc: Piro, Jim; Stathis, Kristin
Subject: Trading Limits

Rod,

Listed below is one of the items that I have been trying to get a hold of you
on.  The others can wait until you have a few minutes.

We have spent some time reviewing the allocation of our VaR and net open
position (NOP) trading limits and would like to make the following changes to
better match the limits and their objectives to our trading activity and
portfolio.

1.  VaR:  Given that we are a naturally short utility and do not hedge our
long-dated gas position for regulatory, liquidity and market view reasons we
would like to  reallocate $500k of our regulated electric VaR to our regulated
natural gas VaR bring the gas VaR up to $2.5MM and reducing the electric VaR
to $7.5mm.  This change is necessary to account for the size of our natural
short position in the back-end of our reporting period. After reducing our
electric VaR we will still have sufficient capacity to manage the regulated
electric portfolio.

2. NOP:  After changing our regulated gas VaR to $2.5MM it will be necessary
to change the corresponding net open position.  Currently we have been using a
10 Bcf limit for our NOP and Maturity Gap.  Using a $2.5MM VaR we recalculated
 the corresponding NOP/Maturity limit to be approximately 17 Bcf.

I have reviewed these changes with Vlady and he has concurred with my proposed
changes.  In our conversation he recommended that in addition to reviewing
these changes with you that I also run them by Rick Buy.  It was my intent to
review these changes with you but I was surprised by having to review these
changes with Rick.  It was my understanding that once an allocation of VaR was
made to a business unit that it is within the business units preview to
reallocate that VaR as needed to met business unit objectives.  If the
business process has changed I will be glad to contact Rick and review these
changes with him.  Its your call so please let me know your preference.

Thanks.

Jim Lobdell
Vice President
Risk Management, Reporting, Controls & Credit
Portland General Electric
(503) 464-2723


So do I get a raincheck on Beaches?


For your review.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 10/31/2000 10:52 AM -----

	Suzanne Adams
	10/30/2000 07:15 PM

		 To: David Kates/SF/ECT@ECT, David Parquet/SF/ECT@ECT
		 cc: Mark E Haedicke/HOU/ECT@ECT
		 Subject: Sheila Tweed's Revisions to 10/26/00 Draft


Please, take a look.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/08/2000
10:34 AM ---------------------------

pj@austingrp.com on 11/08/2000 09:11:49 AM
To: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: TAGE Resume Submittal

Vince,
Per our discussion, please find the resume of  Andrei Smilenov. Please call
me with your thoughts.
?
Paul Johnson, CPC
President
(281)  497-8595
?
Please visit our website
? www.austingrp.com
 - Andrei Smilenov.doc


----- Forwarded by Tana Jones/HOU/ECT on 06/06/2000 05:08 PM -----

	Tom Moran
	06/06/2000 04:53 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Linda S Bryan/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON,
Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities,
Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT
		 cc:
		 Subject: EOL / Credit / GCP Responses 6/6/00

Please find attached Credit's EOL responses for 6/6/00.

Regards
tm


i do but i havent heard from you either, how are things with wade

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, February 05, 2002 1:11 PM
To:	Maggi, Mike
Subject:	RE:

nope.  i am in the old building on the 32nd floor.  i think that is where we all used to be.  it is depressing over here.  and we are actually having to work.  i miss being over there.  so, why don't you talk to me anymore?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, February 05, 2002 1:09 PM
To:	Nelson, Michelle
Subject:	RE:

i cant figure that out yet, are you still on the 5th floor

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, February 05, 2002 1:01 PM
To:	Maggi, Mike
Subject:	RE:

not much.  just over here working on the estate, which is so much fun!  how about you?  do you think that you are going to like ubs?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, February 05, 2002 12:54 PM
To:	Nelson, Michelle
Subject:	RE:

we are so so, what have you been up to, i was in the cafeteria,

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, February 05, 2002 12:34 PM
To:	Maggi, Mike
Subject:

were you in the cafeteria earlier?  i thought that i saw you, but it was from far away.  how are you and sarah doing?


STOCKWATCH Enron higher after Merrill Lynch's cautious upgrade to 'buy'
AFX News, 10/09/01
USA: RESEARCH ALERT-Merrill Lynch upgrades Enron.
Reuters English News Service, 10/09/01
Upgrades & Downgrades: Changes For CVS, Enron
CNNfn: Market Coverage - Morning, 10/09/01
ARGENTINA: Azurix withdraws from Buenos Aires water contract.
Reuters English News Service, 10/09/01
Power providers cry foul over fees / State is accused of improper billing
The San Francisco Chronicle, 10/09/01
Trammell Crow Company Names Rebecca McDonald to Board of Directors
Business Wire, 10/09/01
Enron Corp. Raised to Long-Term `Buy' at Merrill
2001-10-09 06:00 (New York)
Northwest to Buy Portland General
CBS MarketWatch.com, 10/8/2001

STOCKWATCH Enron higher after Merrill Lynch's cautious upgrade to 'buy'

10/09/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Shares of Enron Corp were higher in morning trade after Merrill Lynch issued a cautiously optimistic note upgrading the stock to 'buy' from 'accumulate' following Enron's sale of certain US and Indian assets, dealers said. At 11.35 am, Enron gained 36 cents, or 1.08 pct, to 33.81 usd.
The Dow Jones Utility Average (DUX) declined 4.26 points to 316.05.
On the broader indices, DJIA lost 16.26 points to 9,051.68, the S&P
500 fell 3.50 to 1,058.90, while the Nasdaq composite dropped 23.21
points lower to 1,583.53.

In a note issued early this morning, Merrill Lynch analyst Donato Eassey said, the agreement to sell Portland General and its India oil and gas interest, has positioned the company to focus on its more profitable core businesses, while substantially reducing its debt load by the end of 2002.
The sale of Portland General is expected to add 1.88 bln usd of cash to the company coffers at the close of the transaction fourth-quarter of 2002. The deal will also bring 1.1 bln usd of debt relief.
Meanwhile, the sale of Indian oil and gas assets should bring in 388 mln usd.
Eassey expects more asset sales by the company in the near future.
The divestiture of the troubled Dabhol power facility in India along with smaller international gas assets could provide the company with additional liquidity, he said.
"Enron could ultimately (in the next 3 years) raise another 1.8 bln usd or so from Dabhol and other non-core international assets."
The Dabhol plant is 65 pct owned by Enron, making it the biggest investment in India by a non-Indian company.
The company's partner, Maharashtra State Electricity Board (MSEB), owns 15 pct. MSEB owes Enron 48 mln usd for past power bills, but claims the power is too expensive and says it cannot absorb it all. The plant has lied idle since.
Many questions, however, remain unanswered, said Eassey, noting that despite the upgrade he is remaining cautious.
"While Enron has a menu of assets to draw upon to raise capital, reduce debt and improve its earnings prospects in the process, the primary question centres on timing," he said.
"Will the asset sales line up with an expected balance sheet clean up (with prospective gains offsetting losses)?
"Can Enron sell its interest in Dabhol anytime soon, given the current war environment?
"What impact will the weakening economies of South America such as Brazil and Argentina, not too mention the negative economic sentiment here in the US, have on Enron's and other internationally diverse companies' earnings outlook?"
These issues, along with the earnings drag from about 967 mln usd invested in its broadband unit and the viability of its 3.5 bln usd of goodwill, will likely continue to weigh on the stock near-term, explained Eassey.
Reflecting the above uncertainties, Eassey said he is "cautiously lightening" his 3-year growth outlook from the 20 pct range to 16-17 pct a year. Earnings per share estimates for 2001 stand at 2.10 usd, while the 2003 forecast is 2.45 usd.
Accordingly, Eassey's 'long-term' price objective now stands at 44 usd, or 31 pct above its current price with an upgrade on the shares to buy from accumulate.
blms/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

USA: RESEARCH ALERT-Merrill Lynch upgrades Enron.

10/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 9 (Reuters) - Merrill Lynch said on Tuesday analyst Donato Eassey has upgraded Enron Corp. to "long-term buy" from "accumulate," explaining some of the big power marketers' clouds have cleared with the agreements to sell Portland General Electric and its India oil and gas interests.
Stating Enron is well on its way to resharpening its focus on its more profitable core businesses while substantially reducing its debt load by the end of 2002, the analyst said: "We still expect more in the way of asset sales such as the Dabhol power facility along with smaller international gas assets."
While Enron has a host of assets to draw upon to raise capital, reduce debt, and improve its earnings prospects in the process, the primary question centers on timing, Eassey said. "What impact will the weakening economies of South America such as Brazil and Argentina, not too mention the negative economic sentiment here in the United States, have on Enron's and other internationally diverse companies' earnings outlook?"
He said these issues, along with the earnings drag from about $967 million invested in its broadband unit and viability of its $3.5 billion of goodwill, will likely continue to weigh on the stock in the near term. "Reflecting the above uncertainties, we are cautiously lightening our three-year growth outlook from the 20 percent range to 16 percent to 17 percent per annum."
In Tuesday morning trading, Enron shares were up 30 cents to $33.75 after early buying carried Monday's $1.72 advance as high as $34.07.

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

Business
Upgrades & Downgrades: Changes For CVS, Enron
Rhonda Schaffler

10/09/2001
CNNfn: Market Coverage - Morning
(c) Copyright Federal Document Clearing House. All Rights Reserved.

RHONDA SCHAFFLER, CNNfn ANCHOR, MARKET CALL: Time now for "Upgrades & Downgrades": Lehman Brothers is cutting CVS (URL: http://www.cvs.com/) to a buy from a strong buy. Lehman says the weak economy combined with increased retail competition and high expenses could hurt CVS in the near-term.
ABN Amro downgrades Micron (URL: http://www.micron.com/) to a hold from an add, to match its underweight recommendation of the semiconductor sector. The brokerage firms sees some problems for the D-Ram business.
Goldman Sachs is cutting Sempra Energy (URL: http://www.sempra.com) to market outperform from its U.S. recommended list and cutting its price target by $7, to $29. Goldman says it sees limited upside potential for the stock.
And finally, Merrill Lynch is raising Enron (URL: http://.www.enron.com/) to a buy from an accumulate. Merrill says Enron is off to a great start in getting its financial health in order.
Let`s see how these stocks are trading so far; You can see the group is mostly lower, except for Enron. It is up.
"Market Call" will be right back after this break.

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

ARGENTINA: Azurix withdraws from Buenos Aires water contract.

10/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

BUENOS AIRES, Argentina, Oct 9 (Reuters) - Water company Azurix, a unit of energy company Enron Corp. , said on Tuesday it had withdrawn from its contract to distribute drinking water in Buenos Aires province after ongoing disputes with the provincial government.
"Azurix Buenos Aires SA ... officially notified the government of its withdrawl from the concession contract due to serious breaches on the part of the province of Buenos Aires," the company said in a statement without providing further details.
In recent months, Azurix has accused the province - Argentina's largest and most indebted - of not complying with certain conditions in the concession, a 30-year deal for which the company paid $439 million in late 1999.
Azurix provides water services to 2.5 million people in 71 cities in the province, which says it has met all conditions of the contract,.

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

NEWS
Power providers cry foul over fees / State is accused of improper billing
Bernadette Tansey
Chronicle Staff Writer

10/09/2001
The San Francisco Chronicle
FINAL
A.13
(Copyright 2001)

Electricity suppliers long accused of manipulating California's energy market are turning the tables on the state, saying its independent grid manager is forcing them to make up the cost of bad energy deals signed by Gov. Gray Davis' administration.
The power traders accuse the Independent System Operator -- which is legally required to act as an impartial market manager -- of improperly helping state power buyers spread out the cost of high- priced electricity contracts.
Energy firms as well as municipal utility systems have complained about mysterious charges on their accounts with the grid agency, said Jan Smutney-Jones of the Independent Energy Producers Association, which represents such industry giants as Enron, Dynegy, Williams and Reliant.
The charges showed up around the time the state Department of Water Resources was forced to start selling excess electricity it had purchased at an average of $69 per megawatt hour for as little as $1 per megawatt hour.
"The ISO seems to be following specific instructions the Department of Water Resources is giving them," Smutney-Jones said.
An industry source said NRG Energy Inc. and other suppliers were preparing a formal complaint to the Federal Energy Regulatory Commission, which could order the state to issue refunds to generators if it finds they have been improperly charged.
The commission has ordered an unprecedented operational audit of the grid management agency.
State officials bought power under long-term contracts when it appeared California could suffer serious power shortages over the summer. Instead, the state had more than enough power, and electricity available on the spot market suddenly cost half as much as the energy California had bought.
Gary Ackerman of the Western Power Trading Forum, an industry group, said the grid operator was using a combination of power scheduling and billing practices to "bury" some of the cost of power purchased by the state in the accounts of other generators.
"The state is the biggest buyer and seller of electricity, and they control the governing board of the ISO," Ackerman said.
The governor's spokesman, Steve Maviglio, called the power firms' accusations "absolutely false" and said the generators were trying to whip up sentiment in Washington to interfere with the state's affairs.
"The generators know they'll get a much better deal at FERC headquarters in Washington than they will in Sacramento," Maviglio said. "It shouldn't be a surprise that they make these accusations here to get federal involvement."
Oscar Hidalgo, a spokesman for the Department of Water Resources, said generators could hardly cast themselves as victims in California's energy crisis.
"I don't feel sorry for them one bit," Hidalgo said. "They had one heck of a year."
Gregg Fishman, spokesman for the ISO said the agency was preparing a response to the accusations.
Energy trade organizations said they suspected the ISO of using several mechanisms to charge suppliers for state contract costs.
The extra expense is sometimes tacked on to suppliers' bills for ISO operating costs, which all electricity sellers in California share, Ackerman said.
Some firms say they have tried to buy cheap spot market electricity for resale, only to find later that the grid manager has charged them for more expensive state power. Others say the grid operator orders them to activate stand-by power units on too-short notice. When they can't comply, they say, the ISO brings high-priced state power on line and bills them for the extra cost.
The accusations are part of a struggle for control of California's grid. In January, Davis disbanded the ISO's 26-member governing board, which was chaired by Smutney-Jones, after some critics said it was too cozy with industry. Davis appointed his own five-member board.
In February, then-FERC Chairman Curt Hebert said the new board had become "a political arm of the governor." The commission is trying to get California to turn over its grid to a multistate transmission organization.
Davis has warned Washington to "keep its hands off" the ISO.

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

Trammell Crow Company Names Rebecca McDonald to Board of Directors

10/09/2001
Business Wire
(Copyright (c) 2001, Business Wire)

DALLAS--(BUSINESS WIRE)--Oct. 9, 2001--Trammell Crow Company (NYSE: TCC) today announced the appointment of Rebecca A. McDonald to its Board of Directors.
McDonald's appointment is effective October 1, 2001, and her initial term expires at the Company's annual meeting of stockholders in 2002.
McDonald is currently President of the Houston Museum of Natural Science, one of the nation's premier museums. She formerly served as Chairman and Chief Executive Officer of Enron Global Assets and was responsible for all of Enron's global energy asset portfolio, including numerous power plants, pipelines, gas and electricity distribution centers throughout Asia, Africa, the Caribbean Basin and South America.
Prior to joining Enron, McDonald served as President and Chief Executive Officer of Amoco Energy Development Company, where she was responsible for developing equity interests in international exploration and production operations. She also led the company's participation in and expansion of international commercial transactions, privatizations and capitalizations. Additionally, McDonald was responsible for establishing Amoco's North American trading operations.
Prior to joining Amoco, McDonald served as president of Tenneco Energy Services and held various management positions with Panhandle Trading Company, Panhandle Eastern pipeline, and Trunkline Gas.
J. McDonald Williams, Chairman of the Board for Trammell Crow Company, said "With her background in leading large scale organizations in international business, Rebecca brings a perspective and set of business experiences that will be invaluable as we continue to build our international real estate services capabilities."
McDonald currently serves on the Advisory Committee of the Export-Import Bank of the United States and was a founding member of the Mercosur Council. She also serves as an outside director for Granite Construction Company in California and Eagle Global Logistics in Houston, Texas.
McDonald joins board members J. McDonald Williams, Chairman, Trammell Crow Company; Robert E. Sulentic, President & CEO, Trammell Crow Company; H. Pryor Blackwell, President, Development and Investment Group, Trammell Crow Company; William F. Concannon, President, Global Services Group, Trammell Crow Company; James R. Erwin, retired, former Vice Chairman, Bank of America; Henry J. Faison, Executive Vice President, Trammell Crow Company; Curtis F. Feeny, Managing Director, Voyager Capital; Jeffrey M. Heller, Vice Chairman, EDS; and Rowland T. Moriarty, President & CEO, Cubex Corporation.

Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the United States. In offices throughout the United States and Canada, Trammell Crow Company is organized to deliver management services, transaction services and development and project management services to both investors in and users of commercial real estate. The company's Global Services Group delivers all management, transaction and project management services domestically and internationally. Development and investment activities are conducted through the Development and Investment Group. The company has international service delivery in Europe and Asia through its strategic alliance with Savills plc, a leading property services company based in the United Kingdom, and the jointly owned outsourcing company Trammell Crow Savills Limited. In addition, the company has offices in Chile, Argentina, Brazil and Mexico. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol "TCC" and is located on the World Wide Web at www.trammellcrow.com

CONTACT: Trammell Crow Company Barbara Bower, 214/863-3020
08:43 EDT OCTOBER 9, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Corp. Raised to Long-Term `Buy' at Merrill
2001-10-09 06:00 (New York)

     Princeton, New Jersey, Oct. 9 (Bloomberg Data) -- Enron Corp. (ENE US)
was raised to long-term ``buy'' from long-term ``accumulate'' by analyst
Donato J. Eassey at Merrill Lynch.  The near-term rating was maintained
``neutral.''

Northwest to Buy Portland General
CBS MarketWatch.com
10/8/2001 7:44:00 PM
PORTLAND, Ore., Oct 08, 2001 (AP Online via COMTEX) -- Northwest Natural Gas Co. is buying another Oregon utility from Enron Corp. for $1.8 billion, combining the state's largest natural gas and electric utilities in a merger that may save ratepayers money but could also bring some job losses.
Richard G. "Dick" Reiten, chairman and CEO of Northwest Natural, said Monday the gas company is buying Portland General Electric Co. after the Houston-based energy giant gave up on its expansion into the Pacific Northwest.
"We're extremely pleased that the acquisition will return PGE to local ownership," Reiten said at a news conference.
Bob Jenks, executive director of the Citizens Utility Board, said he was concerned the combination could encourage Northwest Natural to bypass state regulators by using its business clout to lobby the Legislature and governor's office when rate increases are needed.
"If that's going to happen, and PGE rate cases are fought out in the Legislature and the governor's office, then I don't think that's going to be in the interest of PGE customers," Jenks said.
Northwest Natural was founded in 1859, the year Oregon became a state, using gas extracted from coal to light downtown street lamps.
PGE was founded in 1889 with a hydroelectric generator at Willamette Falls that anchored the nation's first long-distance electric transmission line when it was connected to the city, 14 miles to the north. The plant still operates, generating 16 megawatts of electricity.
Reiten said the Northwest Natural board of directors has rejected buyout offers itself in recent years in hopes that an opportunity like the PGE deal would come along.
"It was a conscious choice to remain independent and build assets rather than sell out of state," Reiten said. "That patience has paid off."
He said the deal will create a $5 billion utility that can cut costs by combining repair crews, equipment, service centers and billing in their overlapping service area.
Portland General has about 733,000 customers in northwestern Oregon and Northwest Natural has about 530,000 customers in roughly the same area, including some in southwestern Washington state. Their headquarters are just a few blocks apart on the same downtown street.
Federal and state regulatory approval, along with shareholder approval, is expected to take about a year.
Some job cuts were expected, but Reiten said he hoped most would come through attrition and retirement, rather than layoffs.
He said regulators have looked favorably on recent mergers of gas and electric utilities because they generally have saved money for ratepayers. Combined utilities already serve about two thirds of the nation, he added.
Enron purchased PGE in 1997 for about $3.2 billion, including assumption of debt, hoping to tap into energy trading along the entire West Coast, from California to Washington state. But the Texas company found the pace of deregulation in Oregon too slow at a time when the California energy crisis was unfolding.
Enron has a history of buying and selling smaller companies as it searches for the best position in the constantly shifting energy market, said Mike Heim, an A.G. Edwards & Sons analyst who follows the Texas company.
"It's really more a strategic move," Heim said.
Enron will receive $1.55 billion cash and $350 million in securities for PGE.
Enron stock closed at $33.45 on Monday, up $1.72 per share. Northwest Natural was at $22.99, down 42 cents a share.
---


Mr. Musselwhite,

If you could give the attached document to Mr. Jerry Campbell when he is in
your offices today, I would appreciate.  If you could ask him to especially
focus on Schedule 5 - coal testing and Btu adjustment provisions, I would
appreciate that as well.

If you have any questions about the foregoing, please do not hesitate to call
me at (713) 221-1396.  Best regards.

David W. Locascio
Bracewell & Patterson, L.L.P.
711 Louisiana, Suite 2900
Houston, Texas  77002-2781
phone: 713.221.1396
fax:      713.221.2134
email: dlocascio@bracepatt.com

CONFIDENTIALITY NOTICE
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - OPERATION AND MAINTENENCE AGREEMENT.doc


When: Monday, April 16, 2001 4:00 PM-5:00 PM (GMT-06:00) Central Time (US &
Canada).

*~*~*~*~*~*~*~*~*~*

1. Contractors
2. Pulse Survey program and recommendations (Frank)
3. Orientation Program


Enron and two other counterparties

Barry Tycholiz@ENRON
04/02/2001 03:15 PM
To:	Kim Ward/HOU/ECT@ECT
cc:
Subject:	Re: CalPeak Power RFP - Shortlist

Kim, how many co's have been shortlisted?

BT

<Embedded StdOleLink>


Sunday evening, June 3, 2001

COMMENT: The Tech Wreck isn't over yet. This is the finding of the May CIO
Magazine Tech Poll. Last summer, I partnered with the good folks at the
magazine to conduct a web-based poll of chief information officers to assess
the outlook for information technology (IT) spending on a monthly basis. The
resulting "CIO Magazine Tech Poll in partnership with yardeni.com" is
already proving to be an accurate measure of technology spending and
business trends. In May, our panel predicted IT budgets will grow by just 4%
over the next 12 months, down from a 7% prediction in April and down sharply
from 19% last November. The panel reported IT budgets grew an average 5%
over the previous 12 months, down from the 10% April estimate, and again
down sharply from 22% last September.

Now we know: High-Tech spending is not recession proof. Like the low-tech
variety of capital spending, it depends on profits and financing conditions.
It will rebound when these two conditions improve. Since February, we've
asked our CIO panelists what is the number one negative for IT spending. In
May, "weak profits" was cited by 37% of the panelists as the primary
negative factor facing IT spending plans in 2001. That is up from 30.8% in
February. In May, another 26% saw "tight financial conditions" as the main
problem, down from 35% in February. The Fed's aggressive easing has had an
impact on our panelists' perceptions of credit conditions since fewer are
reporting that this is a number one problem for IT spending. At the same
time, more of our respondents say that weak profits are depressing
technology budgets.

SUBSCRIBERS: For more on the poll and tech capital spending see my latest
GLOBAL PORTFOLIO STRATEGY. In last week's GPS, I examined the valuation
question. The mean (and not market-cap-weighted) P/E for the S&P 500 is down
from a record high of 31 last year in March to 26 now. Stocks are cheaper,
but certainly not cheap. The median P/E for the S&P 500 actually rose over
this period from 16 to 19. S&P 500 technology stocks are also cheaper, but
not cheap. The mean tech P/E is now  down from 89, while the median is down
to 35 from 58.

Despite the Tech Wreck, technology stocks remain the most highly priced in
the market with a market-cap weighted P/E of 33. That is down from a high of
47 early last year. Transportation valuations remain in the bargain
basement. Makes sense, right? Technology earnings grow faster than
Transportation earnings so they deserve a higher P/E. Yet, when we actually
compare the performance of the two since 1990, the fact is that
Transportation has outperformed Technology!

PUBLIC: Laszlo Birinyi, my friend and one of the best technical market
analysts in the world, will be my special guest on Monday's Weekly Audio
Forum. The live event is open only to accounts with passcodes, but the
rebroadcast will be public. The June EARNINGS MONTH, with "Squiggles
 Inside," will be posted on Monday afternoon.

Dr. Ed

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FOR IMMEDIATE
RELEASE???????????????????????????????????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
???????????????????????????????????????????????? CONTACT: Matt Well
Thursday, October 5,
2000??????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
?????????????????????????????????????????????????? PHONE: 202-547-1700
??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
??????????????? PAGER: 888-781-2151
New Jersey Senate Race Poll:
Despite Spending Over $45 Million On TV Ads,
Corzine In Tight Race With Franks
New Survey of Likely Voters Shows Corzine 40.8%, Franks 36.2%
Franks Leads Among Independents 40.6% to 34%; Leads 54.7% to 37.6% Among
New Jerseyans That Have An Opinion of Both Candidates

Washington, DC ) A new survey of 500 likely voters in New Jersey shows that,
despite a record $45 million TV ad blitz by Democrat Jon Corzine, the race
between Corzine and Congressman Bob Franks remains tight.? Including leaners,
Jon Corzine is receiving 40.8% of the vote while Congressman Bob Franks
receives 36.2% of the vote.? 23% of New Jerseyans remain firmly undecided.

The survey, conducted by Mahoney, Strimple, Goncharenko LLC of New York, NY
from 9/28 to 10/1, has an error margin of +/- 4.38%.

The specific question posed to 500 likely New Jersey voters for this survey
was: "If the election for Senate were held today and the candidates were Jon
Corzine, the Democrat, and Bob Franks, the Republican, for whom would you
vote?"

Among New Jerseyans that have formed an opinion of both candidates, Franks
leads Corzine by a margin of 54.7% to 37.6%.? Franks also leads Corzine in
the key counties of Bergen 45% to 38.3%, Middlesex 40.5% to 38.1%, and
Monmouth 57.5% to 25%.? Corzine leads in Essex County 46.3% to 29.3%.
?
Franks Leads Among Independents 40.6% -- 34%
?
IF THE ELECTION FOR UNITED STATES SENATE WERE HELD TODAY AND THE CANDIDATES
WERE JON CORZINE, THE DEMOCRAT, AND BOB FRANKS, THE REPUBLICAN, FOR WHOM
WOULD YOU VOTE?
?
??????????????????????????????????? PARTY REGISTRATION
??????????????????????????????????? Rep.??? Dem.?? Ind.
????????????????? - 500
???????????????? - 204????????? 14.2???? 65.4???? 34.0????? CORZINE
????????????????? - 181???????? 68.0???? 9.3????? 40.6?????? FRANKS
????????????????? - 115???????? 17.8??? 25.2???? 25.5?????? FIRM UNDECIDED

Despite $45 Million in TV Ads, 51.2% of New Jerseyans Have "No Opinion" or
have "Never Heard Of" Jon Corzine
?
PLEASE TELL ME IF YOU HAVE A FAVORABLE OR UNFAVORABLE OPINION OF JON
CORZINE.? IF YOU HAVE NO OPINION OR HAVE NEVER HEARD OF HIM JUST SAY SO.

????????????????? - 500???????? Total
????????????????? - 137???????? 27.4? FAVORABLE
????????????????? - 107???????? 21.4? UNFAVORABLE
????????????????? - 232???????? 46.4? NO OPINION
????????????????? - 24?????????? 4.8??? NEVER HEARD OF

Franks Enjoys 2:1 Fav/Unfav Margin

PLEASE TELL ME IF YOU HAVE A FAVORABLE OR UNFAVORABLE OPINION OF BOB FRANKS.?
IF YOU HAVE NO OPINION OR HAVE NEVER HEARD OF HIM JUST SAY SO.

????????????????? - 500???????? Total
????????????????? - 120???????? 24.0? FAVORABLE
????????????????? - 52?????????? 10.4? UNFAVORABLE
????????????????? - 268???????? 53.6? NO OPINION
????????????????? - 60?????????? 12.0? NEVER HEARD OF

Jon Corzine Viewed As A Liberal

DO YOU THINK JON CORZINE IS LIBERAL, MODERATE OR CONSERVATIVE IN HIS
POLITICAL BELIEFS?? IF YOU DON'T KNOW, JUST SAY SO.? IF LIBERAL: WOULD YOU
SAY HE IS VERY LIBERAL OR SOMEWHAT LIBERAL?

????????????????? - 500???????? Total
????????????????? - 169???????? 33.8? LIBERAL
????????????????? - 103???????? 20.6?? Very Liberal
????????????????? - 66?????????? 13.2?? Somewhat Liberal
????????????????? - 80?????????? 16.0? MODERATE
????????????????? - 29?????????? 5.8??? CONSERVATIVE
????????????????? - 222???????? 44.4? D.K./REFUSED

Franks Perceived As A Mainstream Candidate
?
DO YOU THINK BOB FRANKS IS LIBERAL, MODERATE OR CONSERVATIVE IN HIS POLITICAL
BELIEFS?? IF YOU DON'T KNOW, JUST SAY SO.? IF CONSERVATIVE: WOULD YOU SAY HE
IS VERY CONSERVATIVE OR SOMEWHAT CONSERVATIVE?

????????????????? - 500???????? Total
????????????????? - 14?????????? 2.8?? LIBERAL
????????????????? - 97????????? 19.4? MODERATE
????????????????? - 115??????? 23.0? CONSERVATIVE
????????????????? - 79????????? 15.8?? Somewhat Conservative
????????????????? - 36?????????? 7.2?? Very Conservative
????????????????? - 274???????? 54.8 D.K./REFUSED
?
# # #

To subscribe or unsubscribe via e-mail send your name and e-mail address to
info@rlcnet.org or visit www.rlcnet.org.


I placed the paper tickets - yellow copies in the bin on 32 Thursday
afternoon.  Do you want me to place another copy in there now?  Thanks for
your help.
PL


I was a little dismayed after our lunch when you disclosed the number of
broadband masters potentially close to signature. However, I was a little
cheered up when I got back and checked with the Swap Group and found out we
have 13 masters out for signatures right now.  It still may be hard to beat
you at your going rate...but, all I have to say is we're still in the
game...GO TEAM!!!


Sara, Susan,

Attached is a credit worksheet for Markwest.  Susan Flynn and Carol had been
working on this before they left.  I do not know who would handle this now,
but please foward as appropriate.  If you read in the Lotus Notes database,
Susan F.  left a comment that credit was reviewing and would resend a new
worksheet.  Attached is this worksheet.  It is suggested that a new ISDA is
put in place instead of amending the agreement.

Thanks
Russell


[IMAGE]			[IMAGE]	[IMAGE]
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	[IMAGE]	  Dear Sara   Subscribe to Euromoney Magazine For Just $99                         - And Receive Euromoney Confidential Access Free!   As a registered user of Euromoney.com I would like to offer you the opportunity to receive Euromoney Magazine and Euromoney Confidential for the exclusive price of $99 for a 6 month subscription. This offer is only available until 7th November 2001.   Take advantage of this special price   Euromoney Brings You:   Polls and rankings that are eagerly followed by bankers, investors, regulators and finance ministries around the world.  Groundbreaking coverage of developments in foreign exchange, securities trading, debt and equity capital markets, e-finance and much more.  The latest news on the looming recession revealing how the most influential forces in the global economy are reacting to these turbulent times - identifying who has the winning strategies and who will ultimately lose out.   Added Value From Euromoney Confidential:   Euromoney Confidential, the subscription area of Euromoney.com, gives you access to:    Euromoney magazine content 2 weeks before the print version hits desks.  The 3 previous editions of the magazine online.  Exclusive access to our renowned Polls, Surveys, Rankings and Awards.   Start reading today !    I hope you will soon be joining our 160,000 readers across the globe.   This offer only applies for new subscribers. current subscribers cannot renew at this rate.   Yours sincerely,   Peter Lee Editor    	[IMAGE]
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Daily Blessing

http://www.daily-blessings.com/bless137.htm

I'm thirsty

http://www.daily-blessings.com/humor57.htm

how to buy a house with no money down and lots more info!
http://www.daily-blessings.com/bottom.htm

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http://www.daily-blessings.com/mousepad.htm

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http://www.daily-blessings.com/4500.htm

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?
----- Subject: Click and go to http://www.enerfax.com if can not view
properly.htm

?
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
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																														[IMAGE]

															[IMAGE]

																													Click here for  a daily email link

																										Enerfax Daily

																																							[IMAGE]
																																		[IMAGE]

																																	Enerfax  Daily? -? Page  ? -? October 30,  2000? -? ? Need a  Past Issue
-Click Here

																																					[IMAGE]
																																							[IMAGE]
																																			[IMAGE]

																															Enerfax  Daily? -? Page  ? -? October 30, 2000

																																									[IMAGE]

																																			[IMAGE]

																																										[IMAGE]
																																								[IMAGE]

																																Enerfax  Daily? -? Page  ? -? October 30,  2000

																																[IMAGE]
																																			[IMAGE]

																																					Enerfax  Daily? -?  Page 6? -?  October 30, 2000

																																						[IMAGE]

																						(Continued from Page 5)

																						agreed governments will promote more trade and investment,  70% agreed that
globally consistent accounting principles will be  established by 2010, and
over 80% believed the companies dominating  the utility business in 2010 will
be multi-national. Those results  validate the strategies of companies using
mergers and acquisitions  to create global giants. However, events such as
the IMF protests in  Prague and WTO protests in Seattle this year highlight
what could be  growing opposition to globalization. Politics can veer off in
unexpected directions, so it is unwise to be so committed to any one  view of
where voters and government policy are moving that you lack  contingency
plans. Utilities can minimize their risk in this  uncertain era, while at the
same time moving forward decisively.  They can use management tools such as
scenario-based planning, real  options valuation, and computer modeling -
these approaches provide  the means

																																			for understanding the array of strategies available and for  defining the
significance of choosing one or the other.  Additionally, the studies show
that utilities need systems,  processes, and a culture that make them
versatile - that permit them  to nurture 'just-in-case' technologies,
products, and businesses,  spot leading indicators of change, and switch
strategies without  confusion and delay. The two reports are segments of The
Utility  Executive's Field Guide to the Future. Part 1 summarizes the
results  of a global survey of 185 decision makers in utilities,
corporations, and engineering firms in 15 countries, while Part 2  focuses on
the outlook for regulatory policy and globalization. Part  2 is based not
only on the survey results but also on 75 subsequent  interviews with utility
CEOs, power managers in large corporations,  government officials, and others
around the world. The research also  included an intensive review of economic
studies, government  reports, opinion surveys, and other sources. For more
information  visit

																								[IMAGE]
																																							[IMAGE]

																																							Enerfax  Daily? -?  Page 7? -?  October 30, 2000

																																						[IMAGE]

																																						[IMAGE]

																																					[IMAGE]

																																					[IMAGE]
																																					[IMAGE]

																																					For more information, please Contact Ron Ford
																																					at Ziff Energy Group, Houston, TX
																																					(713) 627-8282 or Toll Free: 1-888-736-5780
																																					Also, visit our web-site, www.ziffenergy.com, to review our  Brochure.

																																					[IMAGE]

																																					[IMAGE]

																																			CMS  and Saudi Group in Power Deal

																																			?  ? CMS Energy and Saudi Arabia's al-Zamil Group plan to jointly  construct
power and water desalination plants in Saudi Arabia. The  two companies have
agreed to work together to finance, construct and  manage new power and water
plants on a 50/50 basis, with CMS serving  as operator of the facility. Saudi
Arabia needs 28,000 MW over the  next 15 years to serve growing demand.

																																					[IMAGE]

																																Financial Summary

																																							[IMAGE]

																				[IMAGE]

																		The TSE 300 fell 106.85 points to 9321.89
																		The CRB  Index lost 1.34 points to 219.26
																		The US Dollar decreased  1.05 points to 117.39 The Dow advanced 210.50 points
to  10590.62

																																				The S&P 500 gained 15.14 points to 1379.58
																																				The Nasdaq  was up 6.18 points to 3278.36
																																				December NYMEX Crude Oil fell 0.97  to 32.74 Canadian-US Exchange was 1.5272

														")} TC
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Guys --

Spoke with Dave Duran (lead dealmaker) about Project INGA.  He is considering
purchasing fleet of QFs.  Exposure to CA - SCE.  Need to make sure that we
understand the deal model and regulatory / bankruptcy assumptions.

I've asked John Neslage to get with RAC Underwriting (Chip Schneider) to make
sure that we see the economics.  Please help John as much as possible.

Thanks,

Jim


what is the id and password??


---------------------- Forwarded by Jeff Skilling/Corp/Enron on 01/12/2001
12:58 PM ---------------------------

Janice Avery@EES
01/12/2001 11:51 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Beard Vote

Jeff,

A definite yes! Keep the beard - makes you appear even cooler!  The look is
very appealing.

jan


FYI.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/25/2001 03:33 PM -----

	Tom Riley/Western Region/The Bentley Company@Exchange
	Sent by: Michele Curtis/Western Region/The Bentley Company@Exchange
	02/23/2001 08:12 PM

		 To: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Mike D Smith/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Eric Melvin/HOU/EES@EES, Maureen Palmer/HOU/EES@EES,
Wanda Curry/HOU/EES@EES, wanda.curry/HOU/EES@EES, Evan Hughes/HOU/EES@EES,
msmith7043@houton.rr.com@SMTP@Exchange, Jeff Dasovich/NA/Enron@Enron, Tom
Riley/Western Region/The Bentley Company@Exchange
		 cc:
		 Subject: UC/CSU

Attorney/Client Privileged Information

Summary of our follow-on discussion with UC/CSU Friday afternoon (Tom/Dennis
from Enron):
1.  UC/CSU's goal is to reach agreement on the interim solution by the end of
next week (Friday, 3/2)
2.  UC/CSU would like draft language memorializing the structure contemplated
below by COB Monday, 2/26, and asked what our proposed form of agreement
would be (letter agreement, amendment).  Their preference is the first and
expressed concern that if the draft had too many legal terms and/or was too
one-sided, that it would be unrealistic to expect approval by Friday.  I have
since spoken to Mike and I will propose to UC/CSU that we get them a term
sheet on Monday for discussion, with the intent of wrapping the terms into a
letter agreement of a couple pages.
3.  UC/CSU is considering underwriting the risk they would be absorbing
through the interim agreement.
4.  It is both our expectations that during the interim period we would gain
some clarity on the legislative/regulatory landscape such that we could begin
working on a long-term solution.
5.  If we don't reach a long-term solution, we would flip back to the terms
of the existing contract, and are back to the existing issues.
6.  We reinforced the highly confidential nature of these discussions.
Commercial terms
? Intent is to offer an intermediate solution to mediate UC/CSU's concern of
potential long-term consequences (loss of direct access rights preventing
them from gaining financial benefits) due to status as a bundled utility
customer.  Want time for landscape to solidify so we can agree on a long term
solution that would retain them as a direct access customer or a synthetic
version of that (i.e., they still receive the benefits).
? Enron would re-DASR accounts, assuming the following:
? UC/CSU assume liabilities from February 1, 2001 through end of term of
interim agreement, resulting from that action.
? Term to be 90 days, with the option to extend upon the mutual agreement of
both parties.
? Calculation methodology of the liability:  Spot market price minus the
prevailing bundled utility rate plus load shaping costs (Dennis - please
provide the methodology.  Also, what about A/R risk, treatment of
surcharges?).
? Exposure is calculated ex-post (i.e., we will not agree to an amount,
capped or fixed, at the outset).  They want an estimation of the potential
exposure, so we need to make sure we have proper protection that does not
bind us to that estimation. (Alternatively, we can provide them this
estimation outside the agreement, with the same caveats).
? Agree during interim period to work together (good faith effort) to
mitigate the exposure of the liability.
? UC/CSU assumes risk that should we be barred from re-de-DASRing at the end
of the term (due to legislative, regulatory or other actions or
circumstances), UC/CSU would assume this exposure as well.  They countered
with a suggestion for our consideration that such an occurrence be treated as
a force majure event with the affect of terminating the contract.  (This
seems counter-intuitive to me to their desire to remain a direct access
customer - see concern below).
? This was not discussed, but term should include a provision for
confidentiality.
Concern:
It is somewhat disconcerting they have asked for and are considering this
proposal.  They are absorbing our risk, which we shared to be a very large
number ($100M+ over the remaining contract term).  They also did not want to
discuss their regulatory concerns, and enter into a discussion with Dasovich
regarding these.  These points lead me to believe that perhaps they know
something we don't.  Just a consideration for our call Saturday.
Tom

From: Tom Riley/Western Region/The Bentley Company@Exchange@Exchange on
02/23/2001 03:56 PM
To: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Mike D Smith/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Eric Melvin/HOU/EES@EES,
Maureen Palmer/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Evan Hughes/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES
cc: Don Black/HOU/EES@EES, Neil Bresnan/HOU/EES@EES
Subject:

We had a cordial and outside the box discussion with UC/CSU today.

On the call, UC/CSU expressed a concern that in light of the uncertain and
rapidly evolving regulatory and legislative landscape, they do not feel it to
be prudent for them to consider our long-term proposed solutions.  They were
intrigued by our offers and we will take them up at a later date.  In the
meantime, they are proposing we price a short term deal.  This will buy them
re-DASR status until the end of the current uncertain situation.

Proposed Structure:

Enron to temporarily Re-DASR UC/CSU accounts.  UC/CSU liable for any
additional costs incurred by Enron as a result of that action.  Such costs
may include, but not be limited to the following: account receivable risks,
difference between spot market price and utility bundled rate, exposure to
changes in calculation of PX credit applicable to direct access providers (as
compared to spot market purchase price), load shaping costs to follow
customer hourly load without availability of the PX.

Assumptions:

? Enron has sole option to return accounts to De-DASR status at end of term.
? UC/CSU assumes risk should this action be blocked by law, regulation, or
3rd party action.
? Enron retains right in contract to choose source of electricity supply for
duration of existing contract term.
? Enron will work with UC/CSU to mitigate liability exposure (i.e., consider
entering into purchase agreement with utilities, etc.).

Potential liability during term (notional):  $_____ (60 day term);   $____(90
day term)

Potential liability at end of term if Enron is unable to return accounts to
utility supply status at end of term due to potential legislative,
regulatory, or other action or circumstance (notional):   $_____ (assuming 60
day term);   $____(assuming 90 day term)

It is envisioned that during this short term period that the regulatory and
legislative landscape will become clearer, allowing both parties to better
understand their exposure through the term of the contract and beyond.  Once
this clarity is achieved, it is agreed both parties will meet to discuss long
term solutions meeting the needs of both parties.

Please comment with concerns, ideas immediately as we will be back on the
phone with them shortly.

Thank you.

Tom


All is ok, but the ng-x- whatever books at the top are not mine.

 -----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Monday, October 22, 2001 6:08 PM
To:	Loibl, Kori
Subject:	FW: Active/Inactive books

Kori,

Please tell me which ones are yours.

Thanks,

Errol

 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Wednesday, October 17, 2001 4:19 PM
To:	Bike, Anne; Keiser, Kam; Love, Phillip M.; McLaughlin Jr., Errol; Winfree, O'Neal D.
Cc:	Lobusch, Christy
Subject:	FW: Active/Inactive books

Please look over this list and get back with Christy.

Thanks
 -----Original Message-----
From: 	Lobusch, Christy
Sent:	Wednesday, October 17, 2001 4:13 PM
To:	Gossett, Jeffrey C.
Subject:	Active/Inactive books

Dear Jeff-

We have the following books appearing on our active list in the active/inactive website.  Could someone in your group please verifty the following:

they are legitamate books
that the books are currently active books
and, the responsible book admin for the book

I would appreciate it.  I need a response by Monday, October 22.  Thanks,

Christy

 << File: Gas.xls >>


Jim,

Ray and I talked.   DETM's proposal is reasonably clear:  a new cap would be set  whenever the proxy index exceeds 110% (or goest below 90%) of the current cap.  At that time, it is reset.  This is about as good as you can get with a gas proxy, and the traders can live with it

Ray and I recommend that we not explain this in our pleading since it dilutes our message: make it the "hightest of" the 3 proxies.

In terms of no refund if below the cap:  Ray may add something but everyone seems to be in a agreement that transactions below the cap are final.  Even TFG did not raise that issue in its comments.

GAC

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, November 09, 2001 7:45 AM
To:	Alvarez, Ray; Comnes, Alan; Novosel, Sarah
Subject:	RE: Draft Comments- West-wide Mitigation- Winter
Importance:	High

In our discussion of the Duke model, we don't outline when the cap would be set?  Would the Duke model give our traders certainty before the fact and certainty that no refund is due if we don't exceed.  Maybe make this point stronger.

Jim

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Friday, November 09, 2001 8:21 AM
To:	Comnes, Alan; Novosel, Sarah; Steffes, James D.
Subject:	Draft Comments- West-wide Mitigation- Winter

We plan to finalize and file today.  Comments?

 << File: EPMI West Wide Price Mitigation Written Comments.doc >>  << File: EPMI West Wide Price Mitigation Cmts Charts.ppt >>


So is Deerfield in Mississippi?

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, June 06, 2001 8:51 AM
To: Suzanne.Adams@enron.com
Subject: Deerfield Development Review Committee Hearing - June 11th

fyi.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 08:50
AM ---------------------------

From: Steven Krimsky/ENRON@enronXgate on 06/06/2001 08:47 AM

To:   Ben Jacoby/ENRON@enronXgate, Eric Thode/ENRON@enronXgate, Steven
Rose/ENRON@enronXgate, Dave Kellermeyer/ENRON@enronXgate, Kay
Mann/Corp/Enron@Enron, Raimund Grube/ENRON@enronXgate, Lea
Sooter/ENRON@enronXgate, cabrera@pbworld.com@SMTP@enronXgate,
dsmith@edsaplan.com@SMTP@enronXgate,
currog@bellsouth.net@SMTP@enronXgate, gfhhai@msn.com@SMTP@enronXgate,
bernardkinney@aol.com@SMTP@enronXgate,
kabainc@bellsouth.net@SMTP@enronXgate,
redelstein@ensr.com@SMTP@enronXgate,
jessica@curtisrogers.com@SMTP@enronXgate,
charlotte@bitner.com@SMTP@enronXgate,
sosbourne@ensr.com@SMTP@enronXgate,
amontero@edsaplan.com@SMTP@enronXgate,
walter.bertschinger@mcmtrans.com@SMTP@enronXgate
cc:

Subject:  Deerfield Development Review Committee Hearing - June 11th

Please plan to attend the hearing next Monday the 11th at 1:00 pm at
Deerfield Beach City Hall.? Should everything go well, this will be the
only public hearing in Deerfield.

We will be getting with each of you regarding presentational material, etc.

Also, please plan to attend a pre-meeting at?Keith & Associates Monday at
10:00 am.

Regards,
Steve


Thanks for the info...I will check into it.  Hope you manage to get some rest.  The wedding was fun, super sweet and huge (800+ at the reception).  I got hit on by a waiter at the rehearsal dinner and groped in the hotel elevator by one of the groomsmen...so I'm up on guys right now.

Talk to you soon,
Sue

	Enron Capital & Trade Resources Corp.  From:  "Emily Hillegeist" <ehillegeist@hotmail.com>                           04/09/2001 01:17 PM

To:	sscott5@enron.com
cc:
Subject:	Fwd: Re: (KMM627237C0KM)

just got this response.  have not read it, but after what has felt like the
longest day of my life, am not sure i can still read.  go ahead and analyze
and act as necessary.  will chat when i come bk out of coma.  goodnite.
e

>From: Urgent <urgent@lastminute.com>
>Reply-To: Urgent <urgent@lastminute.com>
>To: Emily Hillegeist <ehillegeist@hotmail.com>
>Subject: Re:  (KMM627237C0KM)
>Date: Mon, 09 Apr 2001 15:10:03 +0000
>
>Hello...
>
>I'm sorry for the delay in returning your message.
>
>If you do the extra booking online with all the same details then our
>ticketing department will try their best to get you as close together as
>possible.
>
>Best wishes.
>
>Naveed Parvez
>Customer Services Team
>lastminute.com
>4th Floor, Park House
>116 Park Street
>London, W1K 6NR
>http://www.lastminute.com
>do something
>lastminute.com
>
>
>-------------------------
>
>From:   Emily Hillegeist <ehillegeist@hotmail.com>
>To:   urgent@lastminute.com
>Date:   4/03/2001 5:58:22 PM
>Subject:
>
>
>------------------------------------------------------------------------
>--------
>I just bought a group of 4 tickets for the june 9th Eagles concert, and
>was
>hoping to either get one addtl. ticket with the run of 4 I already have,
>or
>very nearby. Is this possible? Or could another interested party
>reference
>my purchase, so that we could be seated together or in same vicinity?
>Thank
>you for any information you can provide-
>Emily Hillegeist (confirm#: 649244)
>ehillegeist@hotmail.com
>________________________________________
>_________________________
>Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>
>
>------------------------------
>
>This e-mail is intended for the named addressee only.  It may contain
>confidential and/or privileged information.  If you have received this
>message in error, please let us know and then delete this message from your
>system.  You should not copy the message, use it for any purpose or
>disclose its contents to anyone.

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


Maureen, please schedule some time on my calendar for Littlechild.
----- Forwarded by Steven J Kean/NA/Enron on 04/02/2001 07:37 AM -----

	Richard Shapiro@ENRON
	04/02/2001 01:17 AM

		 To: Mark Schroeder/LON/ECT@ECT
		 cc: Steven J Kean/NA/Enron@Enron@ECT, James D Steffes/NA/Enron@Enron@ECT,
Ginger Dernehl/NA/Enron
		 Subject: Re: good luck and Houston

I will try to make the time. Thanks.

Mark Schroeder@ECT
03/31/2001 07:16 AM
To: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
cc:

Subject: good luck and Houston

Can any of you meet with Professor Littlechild on 23 April.  He has a small
consulting services contract with me, to write on liberalisation of energy
markets.  his current work is devoted to, among other thins, debunking
Joskow, et al., on the argument that most of the benefits of liberalisation
are cpatureed at the wholesale level, and he argues that a
working/funcitoning retail market, and corresponding contracts market for
risk management, is paramount to ultimate success (very Enron).  He comes
across very much as an academic (Jeff Dasovich heard him speak on this
subject in San Francisco, and he has spoken in Tokyo), and very Staid
British, but he was electricity regulator in UK for 9 years, and is
indisputably a top academic, so he carries some status when he speaks.  i
would hope that all 3 of you could make some time with him, and any toerhs
you could think of.  Your response/thoughts?   thanks  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 31/03/2001
14:16 ---------------------------

"Stephen Littlechild" <littlechild@tanworth.mercianet.co.uk> on 30/03/2001
17:40:00
To: "Mark Schroeder" <mark.schroeder@enron.com>
cc:

Subject: good luck and Houston

Dear Mark
?
I was just talking to Kyran, who mentioned your  impending move back to
Houston. I shall be disappointed to see you go, but  congratulate you and
wish you well.? Two things.
1. Any further thoughts on the work we began to  talk about,and envisaged in
the contract? Or shall I wait to hear from your  successor?
2. We spoke some time ago about a possible visit to  Houston. I shall be in
DC on Friday 20 April and Austin on weekend of 21/22  April. I thought of
visiting on Monday 23 April if that would be convenient and  if relevant
people would be available. My main interest would be Enron thinking  on US
developments such as retail, California, trading, Pools versus bilateral
markets, capacity auctions etc. Also Enron global strategy in other
countries.
?
I gather you're off on holiday now. Enjoy the last  dose of British weather -
if you
can.
?
Best wishes
Stephen


Get to work on thursday.


holy shit, are we going to the play tonite?  if so, i'm in big trouble, since
i'm meeting with my mba group tonite.  holy shit.  otherwise, we'll be
there.  let's talk.


Tom entered this trade as Firm and FPL says on their confirmation as
Transmission Contingent. Which is correct?

KI


so please let me know if you can't get them printed soon.

Thanks,

Kay


Some more info on the issue from Jeanne.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/20/2001 07:33 PM -----

	Susan J Mara
	03/20/2001 06:52 PM

		 To: Michael Tribolet/ENRON@enronXgate, Janel Guerrero/Corp/Enron@Enron,
Harry Kingerski/NA/Enron@Enron, Gordon Savage/HOU/EES@EES, Scott
Stoness/HOU/EES@EES, Tamara Johnson/HOU/EES@EES, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
		 cc: Jeff Dasovich/NA/Enron@Enron
		 Subject: FW: A.00-11-038 et al. ruling of 3/19/2001

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/20/2001 04:51 PM -----

	JBennett <JBennett@GMSSR.com>
	03/20/2001 04:45 PM

		 To: "Bob Frank (E-mail)" <robert.frank@enron.com>, "Christian Yoder
(E-mail)" <christian.yoder@enron.com>, "Harry Kingerski (E-mail)"
<Harry.Kingerski@enron.com>, "Jeff Dasovich (Business Fax)"
<IMCEAFAX-Jeff+20Dasovich+40+2B1+20+28415+29+20782-7854@GMSSR.com>, "Sue Mara
(E-mail)" <smara@enron.com>, "Tamara Johnson (E-mail)" <tjohnso8@enron.com>
		 cc: "'acomnes@enron.com'" <acomnes@enron.com>
		 Subject: FW: A.00-11-038 et al. ruling of 3/19/2001

Attached is a ruling by ALJ DeUlloa issued yesterday pertaining to the
calculation of the California Procurement Adjustment.  A draft decision was
suppose to be release on such on Friday, March 16th.  It was not, and now we
know why.  On March 14th, the Department of Water Resources wrote to the
Commission to give the commission its views on how the CPA should be
calculated. In his ruling of yesterday DeUlloa stated that he would wait to
issue the PD so as to take into account DWR's submission. He also provided
parties until tomorrow to file comments on the DWR letter (which is attached
to the ruling).

Not surprising, DWR has a different view of the world than the UDCs do when
it comes to calculating the CPA.  The UDCs view the CPA as residual amount
left over from the generation component of their bundled rate on 1/5/01
after the cost of their retained generation (including QFs and bilateral
contracts) are subtracted out. DWR views the CPA as a rate (i.e., a cent per
kWh) which would be paid to DWR by the UDCs every month. It is DWR's view
that a Total Generation Related Rate must be calculated which is a blended
average of the cost of the UDC retained generation and the cost of the "net
short" power.  From this total rate (e.g.., 5 cent) the cost  of the UDC
retained generation (e.g., 2 cent) would be subtracted and the remainder
(i.e., 3 cent per kwh) would be the CPA.  This CPA would be subject to
further allocation by the Commission to determine the Fixed Department of
Water Resources Set-Aside. DWR is not asking that such allocation be done
now.

DWR's view of the world would place it in a sounder financial position,
making it a more viable purchaser of electricity for California, but would
place the UDCs in more dire straights.

Please let me know by tomorrow at noon if you want to comment on the DWR
proposal.

Jeanne Bennett

> -----Original Message-----
>  <<CPUC01-#93188-v1-A0011038_et_al__DeUlloa_Ruling_.doc>>

 - CPUC01-#93188-v1-A0011038_et_al__DeUlloa_Ruling_.doc


FYI.  xoxoxoxoxo
----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 05:40 PM -----

	Margo Reyna
	03/06/2001 05:05 PM

		 To: Sue Nord/NA/Enron@Enron, Scott Bolton/Enron Communications@Enron
Communications, Lara Leibman/Enron Communications@Enron Communications,
Donald Lassere/Enron Communications@Enron Communications, Mona L
Petrochko/NA/Enron@Enron, Barbara A Hueter/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Susan M Landwehr/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, Ricardo Charvel/NA/Enron@Enron, Stephen D
Burns/Corp/Enron@ENRON, Xi Xi/Enron Communications@Enron Communications,
Allison Navin/Corp/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Benson/NA/Enron@ENRON,
Karen Huang/Enron Communications@Enron Communications, Matthew
Jachimiak/HOU/ECT@ECT, William Patrick Lewis/HOU/ECT@ECT, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Article:  Bids Made For Broke NorthPoint

Margo Reyna
Regulatory Analyst
Enron Corp., Government Affairs
Phone:  713-853-9191

----- Forwarded by Margo Reyna/NA/Enron on 03/06/2001 05:00 PM -----

	djcustomclips@djinteractive.com
	03/06/2001 04:58 PM
	Please respond to nobody

		 To: 123363@WCTOPICS.djnr.com
		 cc:
		 Subject: Telecom Services: Broadband Services: Bids Made For Broke NorthPoint

Bids Made For Broke NorthPoint
Dick Kelsey, Newsbytes

03/06/2001
Newsbytes News Network
(c) Copyright 2001 Post-Newsweek Business Information, Inc. All rights
reserved.
EMERYVILLE, CALIFORNIA, U.S.A., 2001 MAR 6 (NB). Bidding started today on
bankrupt broadband services provider Northpoint Communications Group
[NASDAQ:NPNTQ], more than three months after Verizon Communications [NYSE:VZ]
killed the companies' merger plan.
Northpoint did not identify bidders or discuss the amount of bids received,
citing a "quiet period" that precludes disclosure of such details.
"It is our hope to sell the company as a whole, but we cannot speculate on
the outcome of this structured sale process," Northpoint Communications
President and CEO Liz Fetter said in a news release.
Bidding is scheduled to close on March 20 and the winning bid will be
submitted to bankruptcy court the next day, Northpoint said.
Emeryville, Calif.-based Northpoint filed for Chapter 11 bankruptcy
protection on Jan. 16, six weeks after Verizon scuttled the companies' plans
to merge. Northpoint has since sued Verizon for $1 billion in damages over
cancellation of the merger.
Verizon on Nov. 29 pulled out of the $800 million merger agreement, citing
Northpoint's deteriorating financial condition. The companies intended to
merge their digital subscriber line (DSL) businesses into a national
broadband company.
Northpoint spokesman Marvin Wamble told Newsbytes that the company currently
employs 1,065 people, down from its peak level of 1,800 workers last year.
Northpoint Communications is on the Web at http://www.northpoint.net
Verizon can be found at http.www.verizon.com
Reported by Newsbytes.com, http://www.newsbytes.com .
16:22 CST Reposted 16:23 CST

Press Contacts: Marvin Wamble, Northpoint, 510-450-7432, e-mail:
mwamble@northpoint.net /WIRES ONLINE, LEGAL, TELECOM,
BUSINESS/NORTHPOINT/PHOTO

Folder Name: Telecom Services: Broadband Services
Relevance Score on Scale of 100: 83

______________________________________________________________________
To review or revise your folder, visit Dow Jones CustomClips 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 or contact
your local sales representative.)
______________________________________________________________________
Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


Mark,

Inasmuch as you expect to close the 3rd 1/3rd of the "Preston" deal later
today, Susan Pereira has confirmed that the East Desk will pay TGT index plus
$0.005 for this package as described below:

a.  35 month term commencing 2/1/2001 and ending 12/31/2003

b.  firm purchase and firm transport for 90% of the wellhead volume, starting
at 90% of 5,783 per day and declining

c.  gas daily purchase and interruptible transport for the remaining 10% of
the wellhead volume

Enron Upstream will keep the desk financially whole should volumes for the
90% firm component fail to show up on any given day of the 35 month term

The ENA Wellhead Desk will pay you TGT index plus $0.0025

George x3-6992

---------------------- Forwarded by George Weissman/HOU/ECT on 01/17/2001
10:22 AM ---------------------------

	Enron North America Corp.

	From:  George Weissman                           12/29/2000 08:31 AM

To: Lia Halstead/NA/Enron@ENRON
cc: Gary Bryan/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, John
Griffith/Corp/Enron@Enron, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, William Kelly/HOU/ECT@ECT,
Robert Crockett/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA

Lia, Jay Hartman (281.367.8697) has verbally advised us that the SL 14521 #1
well will be shut-in for a short period and has therefore requested that we
reduce the existing nomination for 01/2001 at TGT meter 9502 on sitara deal
540814 from 316 Mmbtu/d (13% of 2,434 Mmbtu/d) to 0.  You indicated you will
reduce the nomination to 0 for the entire month; we will notify you once
production re-commences and the nomination should be re-entered at its
previous level.

Jill, this gas was purchased from Hunt in December by the East Desk, so no
Wellhead Desk changes are required for this month.

George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/29/2000
08:11 AM ---------------------------

	Enron North America Corp.

	From:  George Weissman                           12/28/2000 05:58 PM

To: Samuel Schott/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT, Lia Halstead/NA/Enron@ENRON, Gary
Bryan/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA

Sam, the counterparty record for St. Mary's Production LLC (BA 88272) does
not include a DnB status.  It is my understanding that our East Desk cannot
schedule St. Mary's gas without a DnB number.  Could you please have a DnB
number established for St. Mary's Production LLC?  Thanks.

Due to the holidays, I sent a copy of this note to both Mary and Jason.

George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 12/28/2000
05:44 PM ---------------------------

	Enron North America Corp.

	From:  George Weissman                           12/27/2000 08:17 AM

To: Judy Townsend/HOU/ECT@ECT
cc: Susan W Pereira/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT, Eric
Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, Eric Wardle/HOU/ECT@ECT,
Linda Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Lia Halstead/NA/Enron@ENRON,
William Kelly/HOU/ECT@ECT, Robert Crockett/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA

Judy,

Confirming our telephone conversation of this morning, please convert the gas
daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 541140 (intra-desk) to an
increased volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.005.

With respect to the Wellhead Desk/St. Mary's ticket, please also convert the
gas daily volume of 1,157 Mmbtu/d for 1/2001 on ticket 540814 to an increased
volume of 2,434 Mmbtu/d for 1/2001 at Index plus $0.0025.

Currently, the volumes are split 50-50 between meters 9437 and 9502.  We
actually expect 87% of the volume at meter 9437 and 13% of the voume at meter
9502.

George x3-6992

---------------------- Forwarded by George Weissman/HOU/ECT on 12/27/2000
07:59 AM ---------------------------

	Enron North America Corp.

	From:  George Weissman                           12/20/2000 09:01 AM

To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Lia Halstead/NA/Enron@ENRON,
William Kelly/HOU/ECT@ECT
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA

Eric (Moon) and John, attached are the tickets for the physical part of the
Preston VPP deal.  Please work with Will Kelly to have them entered into
Sitara and provide me with the deal numbers.

Eric (Wardle), we'll need to get contract numbers established for the
Counterparty Firm Agreement (ECT Merchant Investments) and the Counterparty
Spot Agreement (St. Mary's Production LLC).  Have either of these agreements
yet been executed?  If not, should we generate a spot gtc for the St. Mary's
spot production?

George x3-6992

---------------------- Forwarded by George Weissman/HOU/ECT on 12/20/2000
08:31 AM ---------------------------

	Enron North America Corp.

	From:  George Weissman                           12/19/2000 08:03 AM

To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Gary Bryan/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Linda
Roberts/NA/Enron@Enron, Jill T Zivley/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
Subject: St. Mary's Production LLC VPP
Hunt Oil Company Myette Point Northwest Field
St. Mary Parish, LA

Eric & John

ECT Merchant Investments Corp. has entered into a Volumetric Production
Payment agreement with St. Mary's Production LLC which provides for the
dedication of St. Mary's non-operated gas production from the Hunt Oil
Company operated Myette Point Northwest Field.  ECT Merchant Investments
Corp. has arranged for the Enron North America Upstream Wellhead Desk to
manage the sale, nomination and transport of this production.

Could you please get us a quote to purchase this wellhead gas on a firm basis
based on the following:

a.  30 month term commencing 1/1/2001 and ending 6/30/2003

b.  firm purchase and firm transport for 90% of the wellhead volume, starting
at 90% of 11,567 per day and declining as defined on the last tab labelled
"Volume" on the spreadsheet attached

c.  gas daily purchase and interruptible transport for the remaining 10% of
the wellhead volume

Enron Upstream will keep the desk financially whole should volumes for the
90% firm component fail to show up on any given day of the 18 month term

Drafts of proposed Deal Tickets are attached.

George x3-6992


FYI.

TK

 -----Original Message-----
From: 	Branney, Theresa
Sent:	Tuesday, March 06, 2001 2:40 PM
To:	Brennan, Lorna; Dushinske, John; Mercaldo, Vernon; McCarty, Danny; Miller, Kent; Neubauer, Dave; Nielsen, Jeff; Pavlou, Larry; Medeles, Gerry; Gottsponer, Morgan; Williams, Jo; Stephens, LD; Wilkinson, Chuck; Lohman, Therese K; Hyatt, Kevin
Subject:	FW: Northwest Hydro

Please keep this information internal to Enron.  Also, if I have left anyone off the list, please let me know.  Looks bullish for the West!

Thanks!
Theresa

 -----Original Message-----
From: 	Bennett, Stephen
Sent:	Tuesday, March 06, 2001 1:47 PM
To:	Branney, Theresa
Cc:	Roberts, Mike; Marquez, Jose
Subject:	Northwest Hydro

Hi Theresa,

I've attached the report that you asked for - please let me know if you have any questions or if you need any additional info.

Steve

Stephen Bennett
Senior Meteorologist
Enron Research
Ext.. 5-3661


Attached is a comparision to show the latest changes to the agreement.  The
changes include the spec and data sheets.


SInce your name was not on the original list, I am forwarding this to you.

Molly's comment that "many lack the clear understanding ..." in the third paragraph below - to whom does this apply and do you agree with her?  --Sally

 -----Original Message-----
From: 	Harris, Molly
Sent:	Tuesday, November  13, 2001 9:54 AM
To:	Bradford, William S.; Vasan, Sue; Slaughter, Chris; Mihalik, Teresa; Holzer, Erich; Power, Keith E.; Furey, Denise; Brackett, Debbie R.
Cc:	Mills, Scott; Beck, Sally; Stubbs, Shelly; Albrecht, Kristin; Scribner, James
Subject:	RE: EES Weekly Status

Bill

This problem is stemming from the volume in Mass Market as you know.  As a result, significantly more new transactions are being booked to "New Counterpart"  than can be cleaned up from historical deals.  As Credit has been emphasizing for some months now, this is not acceptable for this business, is not maintainable (proof in the attached report) and IT resources are required to automate current manual processes.

Global Counterparty is testing their new process to automate the set up of new counterparts in GCP such that the GCP ID may also be returned to EES in conjunction with our credit response prior to booking (expected delivery next Monday0.   However, the risk system batch process specifically for RPS must be enhanced to automatically create the counterpart and accept the GCP ID.  Efforts are finally underway to this end and are expected to be tested within the week.  Then, downstream processing through to billing may benefit.

Many lack the clear understanding that it has taken not only GCP to set up the counterpart in Global Counterpart but also Deal Capture to establish and map the counterpart in RPS and RGS (both have been manual procesess, the latter severly under resourced).

Once this is implemented, EES has over 20,000 Mass Market transactions executed now, so efforts need to continue to clean up this backlog.  More importantly, three companies have already filed bankruptcy.  We must complete these efforts to manage the portfolio and respond to these events.

Regards
Molly

 -----Original Message-----
From: 	Bradford, William S.
Sent:	Monday, November 12, 2001 3:33 PM
To:	Vasan, Sue; Harris, Molly; Slaughter, Chris; Mihalik, Teresa; Holzer, Erich; Power, Keith E.; Furey, Denise; Brackett, Debbie R.
Cc:	Mills, Scott; Beck, Sally; Stubbs, Shelly
Subject:	RE: EES Weekly Status

This is totally unacceptable.  Is there any focus on cleaning this up?

 -----Original Message-----
From: 	Vasan, Sue
Sent:	Monday, November 12, 2001 3:31 PM
To:	Harris, Molly; Slaughter, Chris; Mihalik, Teresa; Holzer, Erich; Power, Keith E.; Furey, Denise; Brackett, Debbie R.; Bradford, William S.
Subject:	EES Weekly Status

Big jump in the number of New Counterparties.  Up by 5,420 new counterparties.

 << File: EES Cpty Stats.xls >>


(See attached file: newdaily.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - newdaily.pdf


Please include the transactions by desk sheets?


Please see the attached document regarding the call to Gov. Davis


Please use the following instructions for the four Outlook emails.

1-URGENT: Please read (Do not delete emails, because of the lawsuit)
2-URGENT: Please read
3-URGENT: Click the Save My Data button
4- URGENT: Please read, but you do not have to fill in this info (All this
info has already been submitted to Wilma Bleshman,
                          who will be here next week for our conversions)

Important Note:  Due to the lawsuit we should not be deleting any emails.
When our lotus notes are transferred to outlook we will still
                                             have access to read all of our
old notes.  Eventually notes will go away, but because of the lawsuit nothing
can be deleted
               until a later date.  Also, I know everyone has concerns about
the size restriction, and purge process in outlook.  (Please remain
               calm; breath in through the nose, out through the mouth.)
Until the lawsuit is cleared up the SF office will not be bound by Enron's
               Outlook rules.  However, there will come a day when we will
have to adhere to the policies.

Extra Cool Note: In outlook you can save an entire email, headings &
attachments too, as a word document.  It is very, very exciting.  This will
be the
                                              feature that helps us keep our
in-boxes, and outlook folders fairly empty.  I will show everyone how easy it
is once we have been
                                              completely converted.

I think everyone is going to like outlook.  Please give it a chance.  I
promise Wilma and I will address all of your concerns.

Thanks,
April Hrach
Administrative Coordinator
Phone: 415-782-7825
Fax: 415-782-7851


Dan,
At bottom of page is first run at contract.  Middle is changes to bottom.
Top is summary.  Call if you have questions.

1)  50,000 a day firm @ Index  (.01)
2)    0-60,000  first of the month nomination must be received prior to the
end of bid week (3 business days prior to end of month).
 Also priced @ Index (.01)
3) Swing:  First 20,000 mmbtu/d priced @ GD Mid +.04 two days after
     From 20,001 - 50,000 mmbtu/d priced @ GD Mid+ .10 two days after
4)Buyback:
 Any volumes flowing less than first of month nom will be bought back on a
daily basis @ Katy Mid two days after.

Gary,

1. Backup swing - I can live with a two-tiered pricing structure for
no-notice backup swing service. Just for clarification the tiers and pricing
would be as follows:
 a) 0 - 20,000 MMBtu/d at Gas Daily, Houston Ship Channel, Midpoint,
two days after flow plus $0.04/MMBtu and,
 b) 20,001 - 50,000 MMBtu/d at Gas Daily, Houston Ship Channel,
Midpoint, two days after flow plus $0.10/MMBtu.

2. Firm Gas - The flexibility of the firm gas delivery is for plant
maintenance only. I can drop the maximum volume to 110,000 MMBtu/d but
that's it. Given our current maintenance schedule, the expected demand and
your nominated volume would be as follows:

  Month   Deer Park Demand  HPL
Nomination
  July 2000  207,000 MMBtu/d  105,000
MMBtu/d
  August  207,000   105,000
  September  207,000   105,000
  October  190,000    95,000
  November  210,000   110,000
  December  210,000   110,000
  January 2001 145,000    70,000
  February  165,000    80,000
  March   213,000   110,000
  April   108,000    50,000
  May   108,000    50,000
  June   213,000   110,000

If you do the math, the total HPL nomination volume is 33,485,000 MMBtu for
a daily average take of 91,700 MMBtu/d. The uncertainty is that the
maintenance schedule is dynamic and the above numbers are subject to
revision. That's why we need the flexibility.

3. Curtailment/Interruption - My expectation is that this is a firm gas
supply. If I need to curtail and/or interrupt, it would trigger the buyback
option and would count against my annual average. However, if you curtail
and/or interrupt the buyback option would not be trigged and my annual
average would be adjusted accordingly.

4. Nominations - your definition of bidweek is perfectly acceptable. Can I
make a nomination of 105,000 MMBtu/d today?

---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 06/27/2000
11:34 AM ---------------------------

"Shankster JL (Luther)" <JLShankster@equiva.com> on 06/13/2000 04:43:18 PM
To: "'Lamphier, Gary'" <glamphi@enron.com>
cc: "Coute, Sonia" <COUTES@MSXSOPC.SHELL.COM>, "Harrison, Rusty"
<RH310655@MSXSOPC.SHELL.COM>, "Kendrick, Katrina"
<KK077836@MSXSOPC.SHELL.COM>, "King, Alan" <AK078371@MSXSOPC.SHELL.COM>,
"Martin, William" <WM127461@MSXSOPC.SHELL.COM>, "Moseley, Richard"
<RM308499@MSXSOPC.SHELL.COM>, "Osterwisch, Glenn"
<GO164578@MSXSOPC.SHELL.COM>, "Buller, Thomas" <THBuller@equiva.com>,
"Carter, John" <JCCarter@equiva.com>, "Ricks, Ruth" <RARicks@equiva.com>
Subject: Revised Shell Deer Park Confirmation - HPL

Gary,

Based on previous conversations, here is a revised confirmation outlining
the terms of the award for gas supply to Deer Park. Will work to schedule a
meeting at Deer Park to begin discussions on the HPL-South meter station
revisions on 6/19/2000. Will let you know as soon as final arrangements can
be made.

 <<revised HPL.doc>>
If you have any questions or do not agree to the terms of this confirmation,
please contact me immediately.

J. Luther Shankster

Energy & Utilities Planning
Phone: 713/241-4851
Fax: 713/241-4599
E-Mail: jlshankster@equiva.com
Home Page: http://rsweb

 - revised HPL.doc


FYI:  Tim O'Rourke has developed a new form for PIPs.

------------------------------------------------------------------------------
---------------------------

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Kimberly Rizzi
	06/28/2000 05:31 PM

		 To: Julie S Gartner/HOU/ECT@ECT
		 cc: Michelle Cash/HOU/ECT@ECT
		 Subject: Performance Improvement Plan Template

Julie - this is just a simple template.  We'll probably want to beef it up a
bit.  If you want to take a first run at it then we can sit down and talk.
Thanks - Kim


Stinebaugh? Steinbaugh?

Mark Bernstein@ECT
12/08/2000 10:12 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: NPC

Hi Kay,

His name is John Stienbaugh and his e-mail is:

jstienba@newpower.com

thanks,

Mark
3-7516

Kay Mann@ENRON
12/06/2000 10:06 PM
To: Mark Bernstein/HOU/ECT@ECT
cc:
Subject: NPC

Hi Mark,

I need to addressee's name.  Is NPC here?

Thanks,

Kay


Check out NP Gen & Load.  (aMW)


Shary,

Regrettably we are unable to use your letter  regarding the amendment to
the GISB.  In that regard I have enclosed our Amendment for signature.
Please sign two Amendments and return both to my attention for final
signature.  I will  forward a fully executed Amendment for your records.

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


I can't imagine the volume of fan mail on your exit, so I'll be brief.
Just returned from an unplugged vacation to read the surprising/intriguing news.  3 comments:
1.  The Times tells me you're engaged.  A thousand blessings on your heads.  (I always wished I were Jewish but couldn't qualify on taste or IQ).
2.  I've told people that  you are my business hero for several years now.  It seems a little unfair that you would now vie for the "personal life" hero as well, so I'll hold that title in abeyance for the moment. It goes without saying that if there were ever any way to work together, the firm (not that firm) and I would be honored.
3.  On the trip back, I've been reading Katharine Graham's autobiography.   Apparently, she slept a lot with Adlai Stevenson, another wicked smart guy.  His most widely used quote at "retirement":
"I'd just like to lie under a tree with a glass of wine and watch people dance."
They say he was too smart to be President.
All the best.
jt
John Thornton
General Partner
Austin Ventures
512.485.1904


Please let me know what ENA is taking from New Power's pool and what New
Power is taking from ENA's pool for the following dates

Date
Jan 1
Jan 2
Jan 3

Thanks.


---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/22/2000
09:40 AM ---------------------------

	Enron North America Corp.

	From:  Katherine Brown @ ENRON                           11/20/2000 03:21 PM

To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeremy Blachman/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON,
Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox/Enron
Communications@Enron Communications, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT,
Kevin Hannon/Enron Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,
Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Louise Kitchen/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Mark Metts/NA/Enron@Enron, Mark S Muller/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, G G
Garcia/NA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Susan
Skarness/HOU/ECT@ECT, Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Beena Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K
Heathman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Molly Bobrow/NA/Enron@Enron, Rosane
Fabozzi/SA/Enron@Enron, Stephanie Harris/Corp/Enron@ENRON, Bridget
Maronge/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Inez Dauterive/HOU/ECT@ECT,
Carol Ann Brown/Enron Communications@Enron Communications, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Stark/Corp/Enron@ENRON,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@ENRON, Vanessa Groscrand/Corp/Enron@ENRON, Tori L
Wells/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/NA/Enron@Enron, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES,
Bobbie Power/Corp/Enron@ENRON, Suzanne Danz/Corp/Enron@ENRON, Peggy
McCurley/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Fiona Stewart/LON/ECT@ECT,
Jana L Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie Schoppe/HOU/ECT@ECT,
Kimberly Hillis/HOU/ECT@ect, Jennifer Burns/HOU/ECT@ECT, Sharon
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Kerry
Ferrari/LON/ECT@ECT, Carol Moffett/HOU/EES@EES, Jennifer Adams/Enron
Communications@Enron Communications, Leah Rijo/Enron Communications@Enron
Communications, Lucy Marshall/Enron Communications@Enron Communications,
Kathy Campos/GPGFIN/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON, Kathryn
Greer/HOU/EES@EES
cc:
Subject: Executive Committee List - Update

Thank you for your changes and updates.  Attached is the updated Executive
Committee List.
Please note that this list is to be printed on legal-size paper.


Dave have we moved research, legal etc. to report directly into Greg and Mark.

John