The print version had some good tables showing retail rate increases accross
the west ....

http://www.latimes.com/business/reports/power/lat_west010226.htm
Back to story

Most of West in the Same Power Jam as California
 Utilities: Other states ran their grids at fever pitches as populations
swelled and few new energy sources were developed. Now, also facing
blackouts, they want to tilt balance of power away from the Golden State and
toward themselves.

By PETER G. GOSSELIN, Times Staff Writer

     WINTERSBURG, Ariz.--For more than a century, California ran a simple
account with the rest of the West: It demanded and the West supplied, most
especially water and power.
     But as the Western states have ballooned in the last decade--in no small
part because of an outbound trek of Californians--this simple, supply-demand
relationship has broken down.
     Fundamentally, the rest of the West has outgrown its electrical system
just as California has its own. And it has done so in very much the same
way--by adding too many people without enough new power or conservation.
     Indeed, statistics show that much of the rest of the West would have
been on the verge of trouble even without California's help and may yet face
the sort of rolling blackouts that have wreaked so much havoc in the Golden
State.
     The booming Southwest has run its power grid at such a fever pitch that
its planning reserves--the extra power that utilities build in to handle
emergencies--have shrunk to levels that many regulators and industry experts
consider dangerous.
     Almost none of the West save Montana has increased its power production
at anything like the pace of its population growth during the last decade.
Despite the long economic boom of the 1990s, which smiled especially on the
West, several, such as Arizona, have failed to complete a single new power
plant.
     "We don't know how bad it's going to be yet," said Utah's Republican
governor, Mike Leavitt. "We won't know that until May, June, July and August,
when everyone in the Southwest turns on their swamp coolers."
     In trying to dodge the blackout bullet, many Western leaders are seeking
to force a great change on the region: to renegotiate their states' basic
deal with California. They want to end an old relationship--that between
center and hinterland, colonizer and colonized--and establish a new one that
could curtail California's long regional dominance.
     In the strange chemistry of the moment--when a once-Republican state
government has turned Democratic and a once-Democratic national government
has turned Republican, when the battle is to a large extent over privately
owned electricity rather than publicly controlled water--they could actually
meet with some success.
     "California spent the 20th century decolonizing itself from Wall Street
and the East," said Kevin Starr, the state librarian and author of a
multivolume history of California. "Now, all of a sudden, there's a dramatic
possibility of it being recolonized, at least in part, by the rest of the
West."

     Captive Plants Feed Power to California
     Ground zero for these changes lies 50 miles west of Phoenix in the dry
scrublands of Wintersburg. This is home to the Palo Verde nuclear facility,
now the nation's single biggest power producer. It will soon be home as well
to between three and six new gas-fired power plants that, combined, will
produce even more electricity than their giant neighbor.
     Palo Verde represents a great deal about the old, fraying world of
regulated utilities and about the supply-demand relationships that California
once maintained with the rest of the West.
     More than one-quarter of the plant is owned by Los Angeles' municipal
utility, the Department of Water and Power, several other California cities
and Southern California Edison.
     A row of steel latticework towers runs off toward California, carrying a
transmission line from plant to consumer. California has big stakes in a
half-dozen similarly captive plants in an arc of states from Nevada to New
Mexico.
     From California's point of view, the beauty of these projects has been
that they provided near-certain power without the muss of meeting state
pollution standards or the political hassle of building closer to home.
     And at least until the mid-1990s, California regulators virtually
guaranteed that their owners covered their costs and made profits, even if
plants' power wasn't immediately needed.
     "The first principle of the old system was that you had to be able to
meet demand, no matter what," said Paul L. Joskow, a veteran utility
economist at the Massachusetts Institute of Technology.
     "If you had too much power, if it cost you a little too much, that was
less important than being sure you could meet demand." And, he added, "you
had regulators watching to make sure you did."
     The gas-fired plants that are about to pop up in Wintersburg are also
representative, but of the new, deregulated world of power production.
Although they will crowd in around Palo Verde and tap into the same
California transmission line, they are being built on an entirely different
business premise: selling power to the highest bidder.
     In fact, the reason this empty patch of desert has become such an
electricity hot spot lately is not Palo Verde itself, but its huge
transmission lines. In addition to the California line, four others fan out
from the plant: two back to Phoenix, one east to New Mexico, and one north to
Utah and from there to the Northwest.
     All were built to hard-wire the nuclear project to its owners. But they
are now seen as the means by which a new breed of producer can get top dollar
by sending power wherever prices are highest.
     "It used to be generating capacity was built by people who looked at the
market to see if they could meet demand," said Jack Davis, president of
Pinnacle West Capital Corp., which owns Arizona's major utility and is
putting up two of the Wintersburg plants.
     "Now," he said approvingly, "it's being built by people who look at the
market to see if you can make a lot of money."

     Plans Go Awry in Many States
     Money, not the watchful eye of government, was what was supposed to
assure that electricity deregulation worked. The opportunity to make it would
cause investors to flock to the electricity business, ensuring that plenty of
new power plants got built.
     If too many went up, it would be investors, not ratepayers, who
suffered. If too few, then high prices would attract still more investors,
more plants and, ultimately, more power.
     But to date, almost nothing about deregulation has gone as planned--and
not just in California, but in the West in general.
     Take Arizona. The state has a hands-off attitude toward business,
including its utilities. It has almost none of the environmental restrictions
blamed for keeping California from putting up the new plants it needs.
     Its population grew by 40% from 1990 to 2000, according to the Census
Bureau. And its demand for electricity expanded at nearly twice that rate,
according to industry figures.
     "Arizona should have been a power producer's heaven," said A. Michael
Schaal, a senior analyst with Energy Ventures Analysis Inc., a prominent
Washington-area consulting firm.
     But Arizona's power production rose a mere 4% during the 1990s, mostly
as a result of improving existing plants. Until 18 months ago, no one had
applied to build a major power plant since Palo Verde in the late 1980s.
     "I guess I go on the assumption that the utilities plan with some sort
of 10-, 20-, 30-year time horizon," Arizona's Republican Gov. Jane Dee Hull
said in a recent interview. "I think what we all worry about is: Are they
planning?"
     Or Nevada. Its utilities apparently did plan and increased
electricity-making capacity between 1990 and 2000 by a substantial 44%. But
that wasn't enough to keep up with the state's population, which increased
66%. On Thursday, Nevada Gov. Kenny Guinn, a Republican and former energy
company executive, indefinitely halted deregulation in his state.
     Or traditionally energy-rich Washington state. One of its major
utilities, Seattle City Light, recently learned that all of its previously
planned supply increase for the next four years will be consumed, and then
some, by just three new customers: computer server farms being built to
handle the growing Internet traffic in and out of the high-tech capital.
     But it's unlikely to be able to get extra power soon because regional
supplies are balanced on a "razor's edge," according to Northwest Power Pool
President Jerry Rust. "We have no cushion."
     Indeed, the electricity supplies of the entire West are balanced on a
razor's edge, with a variety of forecasters predicting serious shortages this
summer.
     Schaal, the Washington-area consultant, for example, said the region
will come up 6% short. "Westerners can expect 150 to 275 hours of rolling
blackouts, most of them in California," he said.
     One of the most striking aspects of the current situation is that, in
contrast to what most people think, supplies have not grown short just
recently.
     They have been perilously tight for the last several years--before the
start of California's troubles of this summer and fall, and before the
near-record dry winter that has left the Northwest dangerously short of water
for its hydroelectric dams.
     The implication is that California did not cause other states to run
short of power so much as trigger events that exposed their danger. It did
that, according to key observers, with one monumentally inept maneuver.
     When California required its major utilities to buy power in the
volatile spot market and simultaneously prohibited them from passing along
higher costs to consumers, it set off a furious price spiral.
     That effectively stripped the entire region of its energy security
blanket, the assurance that it could buy extra power relatively inexpensively
if local supplies proved inadequate.
     The result has been a string of crises across the West.
     In southern Arizona, for example, the San Carlos Irrigation Project, a
tiny public utility that tried to jump into the deregulation vanguard by
dropping long-term contracts in hopes of more power at lower prices in the
spot market, has announced that its bills are going up 300%. Most of the
project's 13,300 poor customers say they can't pay.
     In Phoenix, utility executives who had confidently said the state was
rich with new power projects about to come on line have decided to pull two
50-year-old steam plants out of mothballs and rent a pair of portable
generators to reduce purchases from the expensive spot market.
     In Idaho, the big power company is appealing to potato farmers to skip
planting and sell the electricity they would use running irrigation pumps
back to the firm. Company executives figure the buyback will be cheaper than
purchasing power on the open market--and the potato farmers are likely to do
pretty well themselves.

     Deep Hostility in Rest of the West
     The subtle difference between California's triggering recent events and
actually causing the region's crisis is largely lost in the current
atmosphere of apprehension and upheaval. Although leaders of the rest of the
West are scrupulously evenhanded in commenting to outsiders about their big
neighbor, they are less guarded at home.
     The normally mild-mannered Leavitt, for example, was recently quoted as
warning a Salt Lake City audience that "California, if given the chance,
would put a shunt into our veins and bleed us pretty quickly." (In an
interview, he denied having made the remark.)
     Such comments reflect an old and easily rekindled view among Westerners
that their states are, in the words of historian Bernard DeVoto, "plundered
provinces"--terrain that first Easterners and then Californians have
regularly raided for minerals, water and, most recently, power.
     But this time, some Western leaders think they can change all this. "A
lot of people see an opportunity to rewrite the fundamental relationship with
California to their advantage," said Stanford historian Richard White.
     The attempts at rewriting are taking shape across the West.
     In the Northwest, Oregon, Washington, Idaho and Montana are redoubling
their efforts to take over the Bonneville Power Administration, the huge,
federally controlled generating system on the Columbia and Snake rivers that
is one of California's chief sources of summer electricity.
     "The crisis has highlighted the danger that power generated in the
region can be exported without the region's consent," Oregon Gov. John
Kitzhaber said in an interview.
     In Arizona, state officials have gone from having no proposals for new
power plants to being buried by them. Regulators recently approved the
construction of 10 plants, including several around Palo Verde, and are
considering another eight.
     Although they are requiring the plants to temporarily serve Arizona's
needs first, the facilities will soon be able to sell their power for
whatever prices they can command, an arrangement that could leave California
just one among many bidders.
     (Federal officials are unlikely to get in the way: Gov. Hull is close to
President Bush, who in turn has shown little interest in helping Democratic
California.)
     Perhaps the most aggressive efforts at change are occurring in Utah,
where Leavitt is trying something that could become California's worst
nightmare--recalling power that Utah produces for the state.
     Los Angeles' DWP and several other California utilities own
three-quarters of the huge, coal-fired Intermountain Power Project in
west-central Utah, and have been drawing on it without incident for 15 years.
     But Utah officials recently unearthed a long-forgotten provision in
their agreement with the plant's owners that gives them the right, with
proper notice, to recall power for local use.
     The state has already notified Los Angeles that it is taking back 50
megawatts of electricity capacity this summer and another 170 next summer,
and it may be able to take back still more, according to plant general
manager Reed Searle.
     Although the amounts are trivial--the Los Angeles utility either owns or
has firm contracts for more than 7,000 megawatts of capacity--Leavitt said
Utah will demand similar recall provisions in agreements for any new plants
in the state, including a 500- to 750-megawatt facility that Los Angeles is
negotiating to build.
     "California has chosen not to create its own power generation and has
depended on us to do that," the Utah governor said. "That's fine and we're
willing to do that.
     "But," he added, "there comes a point at which, if demand grows too
large, we've got to hold some of this capacity back for ourselves, and for
our children and grandchildren."
     If Utah and the rest of the West have reached that point, California
could be in for a much bigger and more enduring shock than the one from which
it now suffers.

---
     Times researcher Lynn Marshall in Seattle contributed to this report.

Copyright 2001 Los Angeles Times


Brothers,
    Grumps ended up being treated for really nothing.  Once they got a good
look at the artery, they found it only to be 30% blocked (had been 100%
blocked the surgery before) and there's really nothing to do with that small
a blockage.  So, it's really good news.  Guess those echo cardiograms aren't
always real accurate.  It showed it blocked, causing the second procedure to
be prescribed.  All for naught, thank God.

yours in -kai-,
Drow

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

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At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay connected and consider a future homecoming BETA reunion.  It's incredible...forget the 20 years in between...everyone just seems to pick it up right where they left off years ago.

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Yesterday, George Caplan and I attended a hearing before Judge Kuhl on the
Committee's ex parte application shortening time to hear its motion to
enforce the stipulation with the state regarding rejection of the claims
before the VCB.

After hearing brief argument, the Judge made it very clear that the State
needed to sign the stipulation.  In fact, the Judge waited around all day
until the State signed a stipulation (which will be submitted to the VCB
shortly) whereby the State agreed that the consolidated claims pending
before the VCB should be summarily rejected as unduly complex and that all
administrative remedies regarding the inverse condemnation claims on the
commandeered contracts have been exhausted.

The Judge, however, was reluctant to enter our proposed order (which
declared that the VCB proceedings were moot and that the parties no longer
needed to participate in those proceedings).

Please call if you have any questions

_______________________
Bryant S. Delgadillo, Esq.
KAYE SCHOLER LLP
1999 Avenue of the Stars, Suite 1600
Los Angeles, CA 90067
Direct dial (310) 788-1341
Direct fax (310) 229-1841
Email: bdelgadi@kayescholer.com


Ok
--------------------------
Jim Steffes
Enron


Hi Louise,

Can you give me some background on Z's promotion. A knock on result of this is that there are now 9 people being promoted in IT in the US to Sr Director which seems high to me.

Thanks
MRP


Pat,

As a follow up on GISB issues,  we cannot agree to "Cover Standard"  in
Section 1.2. Please let me know how you would like to proceed.

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


I sent you this first because we are getting new phone numbers within the next two weeks.  Once we finalize this I will get the new cards out.  Also, I am still verifying everyone's info.

Thanks Tjae

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Tuesday, February 05, 2002 3:04 PM
To:	Black, Tamara Jae
Subject:	RE: Desk Info

Can we update the laminated card with the most recent headcount and phone #'s.?

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Tuesday, February 05, 2002 2:07 PM
To:	Rode, Tina; Guerra, Claudia; Baughman Jr., Don; Will, Lloyd; Bentley, Corry; Sturm, Fletcher J.; Davis, Mark Dana
Cc:	Presto, Kevin M.
Subject:	Desk Info

 << File: Deskinfo..xls >>
T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Hi guys, trying to clean up Feb outstanding issues.  Looks like we should
have a deal with Sanchez at the above referenced meter.  Currently, strangers
gas is getting the flow.

Could you let me know if this is valid or not?  Settlements needs to know
ASAP.  Seems an invoice for the gas has been received.

Thanks!!

Charlotte Hawkins


---------------------- Forwarded by Kay Mann/Corp/Enron on 09/06/2000 05:03
PM ---------------------------

Humberto Cubillos-Uejbe@ECT
09/06/2000 04:32 PM
To: Matthew F Gockerman/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron, Sarah Wesner/Corp/Enron@Enron, Catherine
Clark/HOU/ECT@ECT

Subject: Re: Tubine Manifest

Matt:

Thanks for the message.  I forwarded your message to Sarah Wesner (Manager in
Finance) and Catherine Clark (Associate  in Finance).
I will be rotation out of the group shortly and they will be your contact
information. Thanks a lot for all your help.  It was a pleasure to work with
you.

Thanks, Humberto

	From:  Matthew F Gockerman                           09/06/2000 03:51 PM

To: Humberto Cubillos-Uejbe/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron
Subject: Tubine Manifest

Humberto:

Attached please find a Turbine Manifest that details delivery dates for all
24 turbines.

-Matt
(x33979)


I took a brief look at the ABN guaranty--while not as offensive as many,
there are several policy issues, including the fact that there is not a
limitation on consequential damages, and that it does not have pay after 5
days language that is, in a word essential. While I hate to start a battle of
forms, I would recommend sending ABN the standard trading guaranty.

Sarah Wesner
06/28/2000 09:37 AM
To: Joseph Deffner/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Jason
Peters/Corp/Enron@Enron, Joel Ephross/Corp/Enron@ENRON, Ed Wood/HOU/ECT@ECT
cc:

Subject: Margin Lines

Good news.

ABN Amro told us yesterday that they want to pursue this line and have it
closed by the end of the week.  They asked us to send them a copy of the
documentation where it stands up to now.  They gave us a copy of their
mark-up of the Corp Guarantee which I gave to all of you.  ABN is motivated
to get this done and will be amenable on pricing.

Bank One talked to Jeff Shankman last night and has agreed to an effective
rate of 0 for the initial margin.  They will charge us FF+30 but will
reimburse us at FF+30 for any cash margins (see Schedule 1.)  Also Bank One
will charge $2.55 a side for the commission ($5.10 total.)  Jeff told Bank
One that ENE recently decided to pay all of its brokers the same fee
(explains discrepancy between documentation and commission quotes from
trading floor.)  As for the variation margin, the charge will be FF+30.  Bank
One has  documents:
Customer Agreement - amendments will be made to Schedule 1 to reflect newly
proposed commercial terms.
Enron Corp. Guaranty - Bank One needs to discuss Joel's request for Enron
standard documentation
Credit line document - Jason/Sara need to make any necessary comments
Master Note (Promissory note) - NY law/jurisdiction will be acceptable.  Bank
One needs to discuss Joel's' request for standard Enron documentation.

Let's get together today so that we can organise ourselves to get our
comments to the docs consolidated and close these as quickly and efficiently
as possible.

Thanks, Sarah


Attached you will find the outstanding PMA's, as of March 2001 accounting.
You will see adjustments requested by financial settlements. They have
finally provided us with reconciliation's for the contract periods of Dec00
through Feb01. Financial settlements thought that reconciling current months
and working backwards would be best. So, you should continue to see PMA's,
from financial settlements, for previous months as they become available to
us. Please let me know if you have any questions.
;
Thanks!
Shannon McPearson
Enron North America
713-853-5944
Shannon.McPearson@enron.com


Smurfit Stone was declined.  They are the only physical power CP on the list
today

From: Tana Jones on 07/12/2000 03:49 PM
To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, Genia FitzGerald/HOU/ECT@ECT, Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: EOL Credit Responses 07/12/00

----- Forwarded by Tana Jones/HOU/ECT on 07/12/2000 03:49 PM -----

	Tom Moran
	07/12/2000 03:44 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,
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, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 07/12/00

Please find attached Credit's EOL responses for 7/12/00.

Regards,
tm


Start Date: 1/27/02; HourAhead hour: 5;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012705.txt


Had a great time in SF.  Went to the wine country for a few days.  Was sad to
come back
to Houston.  We haven't done much on the house since your visit.  I'll talk
to you soon.  Tell
Marie we said hi.

Kevin


Jennie,

I made it home last night, but have been unsuccessful in resolving Kim & Alina's travel arrangements.  I have only been able to get the answering machine at your office this morning.

I need to get Kim & Alina on flights home on Wed. Jan 9.  My current thinking is that it may be better to take a refund on the Lufthansa return tickets (since the Moscow Lufthansa office doesn't want to reissue) and to instead prepay tickets home for them on a flight path that only requires one change ?

Please advise

Shelley Corman
713-853-7083
scorman@enron.com


SUNDAY - FEBRUARY 10

Katy Mills Mall (at Sun & Ski Sports)

8:00 AM

28 and 44 miles

Rest stops every 15 miles
Technical support, food and beverages will be provided

Don't Miss Out!  This official MS-150 training ride is sponsored by our own Sun & Ski Sports, so come out and meet your teammates and our Sun & Ski sponsors.  For more information, call the Katy Mills store at 281-644-6040.

I won't see you there, as I will be in Phoenix to conduct a workshop on teambuilding at the National MS Society's team rally.  This will be an exciting time to announce our new team !!

Have a good time!

Amelia Alder
Enron Transportation Services
P.O. Box 1188
Suite ECN4505
Houston, TX 77251-1188
Tel: 713-646-6569
Fax: 713-345-5755
amelia.alder@enron.com


FYI

It is anticipated that Enron will announce later this week, a new "Employee
Stock Option Plan".

Approximately 45 days ago we analyzed the cost of EOTT's participation in
this program.  The cost impact was $2.5 - $3.0 for each year over the next
five years with no provision of supervesting in the event a business group
was divested during the term of the grant.  Based on these factors, a
decision was made for EOTT not to participate in the program at this time.

While EOTT employees will not directly receive communications on this
program, it is possible that the senior leadership group could receive a
question on EOTT's participation.   We have elected not to send an EOTT
employee communication about nonparticipation to avoid raising the issue
where not necessary.

If you receive questions, you may refer the individual to me or answer with
the appropriate response based on the information in this e-mail.

Thank you in advance for your cooperation and support of this decision.  If
you have further questions or comments, please advise.


Mr. Mackin, Michelle Cash has asked me to forward the language below to you
for your comments.  Please review and email Michelle your comments to this
paragraph.

Thanks
Twanda

Subject to the above, at a Committee meeting after this Agreement is signed,
Employee shall receive a second grant of Enron Corp. Common Stock options
with a value of $175,000.00 (the number of stock options shall be determined
by the Committee, which will use the Enron-approved Black-Scholes valuation).
The second grant is intended to reimburse Employee for value Employee lost
upon leaving his prior job.  The vesting schedule for these options will be
described in the grant agreement, which shall govern.


Russell,

On Public Service Company of Colorado,  I don't know why you have this on "no
financial trades", but if it was because of the contract authority problem,
that has been resolved, so you could open it up if that is the reason.  See
Lotus Notes for more detail.


Initial thoughts -

Can we use Enron Australia as the counterparty to avoid these issues for now,
and then when a book has been established assign all the positions to Enron
Japan?

Can we get (or maybe give?) the rep if we soften it a bit by taking out the
word "ordinary" or maybe the entire phrase "in the ordinary course of its
business"?

Is there a government agency that can give us an opinion or "no action" type
of letter to give us some comfort that we are OK?  It may not be quick enough
to get us through this trade but it might open the door for future business.

If the end result is that there is no adequate fix and local counsel advises
that we are taking significant potential criminal liability, I would think
that both parties would be willing to agree to unwind the trade.  If
necessary, my suggestion would be to raise the potential for criminal
sanctions issue to Mark H.  (What are the potential sanctions?)

	Jane McBride@ENRON
	10/20/2000 05:26 AM

		 To: Jeremy.Pitts@BAKERNET.com
		 cc: Alan.Aronowitz@enron.com, Mark.Evans@enron.com, Mark.Taylor@enron.com,
Paul.TYO.Davis@BakerNet.com
		 Subject: RE: ... Urgent Weather Derivative Advice ...

Have spoken with Joe Hirl.  If there was any way we can take advantage of or
use for the purposes of establishing Enron Japan weather exposure, all the
exposure of other Enron companies, this should help us to establish
legitimate weather exposure.  Enron always has weather risk and we keep a
global weather book although of course we have open positions sometimes.

Obviously we are mostly concerned about criminal liability.

It seems to us that if we cant do the first deal, there is no position for
market makers here, which just doesn't make sense.

Thanks.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

Tel.:       81-3-5219-4500 (Main)
              81-3-5219-4553 (Direct)
Fax:       81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:        81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

	Jeremy.Pitts@BAKERNET.com
	10/20/2000 06:17 PM

		 To: Jane.McBride@enron.com
		 cc: Alan.Aronowitz@enron.com, Mark.Evans@enron.com, Mark.Taylor@enron.com,
Paul.TYO.Davis@BakerNet.com
		 Subject: RE: ... Urgent Weather Derivative Advice ...

Thanks Jane - I am scheduled to meet the Japanese lawyers on Monday morning
and
will let you have our reply as soon as I can.

Best regards

Jeremy

      -----Original Message-----
      From:   Jane.McBride@enron.com [mailto:Jane.McBride@enron.com]
      Sent:   Friday, October 20, 2000 6:18 PM
      To:   Jeremy.Pitts@BAKERNET.com
      Cc:   Alan.Aronowitz@enron.com; Mark.Evans@enron.com;
Mark.Taylor@enron.com
      Subject:   ... Urgent Weather Derivative Advice ...

       << File: Weather-HDD-Floor-OTC-ToaRejmb2000-10-20!.doc >> Dear
Jeremy,

      Pls see for your information my email to Alan, Mark and Alan.

      As discussed, your answers to my questions can be quite brief
and pls cross
      reference previous advice rather than repeating it.

      I think the answer to question 1 - whether we can give the
warranty - has
      got to be no.  So short and sweet on this is fine.

      Re whether we can go ahead without the same (c)(ii) from them
(but with
      (c)(iii)) is a harder question and I understand that all you can
do is
      explain our risk and exposure, in light of the current factual
situation.

      This is a risk appetite question at the end of the day.

      Jane

      ----- Forwarded by Jane McBride/AP/Enron on 10/20/2000 05:57 PM
-----

                          Jane McBride

                                               To:     Alan
Aronowitz/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
                          10/20/2000           cc:
Jeremy.Pitts@BAKERNET.com, John Viverito/Corp/Enron@Enron,
                          05:57 PM             Jonathan
Whitehead/AP/Enron@Enron, Mark Evans/Legal/LON/ECT@ECT,

Paul.TYO.Davis@BakerNet.com, Morten E Pettersen/AP/Enron@Enron, Joseph P
                                               Hirl/AP/ENRON@ENRON

                                               Subject:     ... Urgent
Weather Derivative Advice ...(Document link: Jane
                                               McBride)

      Dear Alan and Mark,

      I am going to need you to help me make a risk decision.  I
welcome input
      from Mark Evans but he may be more comfortable leaving this up
to Alan and
      Mark because Alan and Mark have been involved in this gambling
issue from
      the beginning.

      Jeremy Pitts and I have had a brief conversation re my email to
him below,
      this afternoon, but he will not be able to get written comments
signed off
      by Japanese lawyers to me until Monday.

      The situation relates to the Tokyo's office's first weather
derivatives
      deal, which is with a company called Toa Reinsurance.  In a
nutshell the
      situation is that negotiations have come to a standstill because
neither
      side can move on their positions re the gambling warranties.
The deal of
      course though has already been done over the telephone several
weeks ago.

      In a nutshell then, based on discussions with Jeremy Pitts, but
to be
      clarified by Japanese lawyer on Monday, the situation is:

      1.   In terms of Enron Japan's ability to trade weather
derivatives here,
      we are operating in the grey even if we can get warranty
5(c)(ii) from
      them.

      2.   ToaRe will not give us the important warranty - 5(c)(ii)
below,
      because they say they can't.  They say they are not actually
"entering into
      the deal to hedge weather related risks arising in the ordinary
course of
      their business" - which is what the subject warranty says.  B&M
have
      advised that the obtaining of this warranty from a counter party
helps keep
      us in the grey and out of the red in terms of what we are doing
and also
      gives us comfort that the counter party can do the deal.

      3.   ToaRe is, in addition, separately asking us to give them
the same
      warranty.

      Jane McBride analysis

      Re 3 - Given that our legal situation is grey at best, I do not
think we
      should be giving the warranty they have requested.  They say
they will not
      give us that warranty.  The issue then is whether we can go
ahead without
      getting the warranty from them, bearing in mind that a binding
telephone
      deal has been done.

      If you agree with me that we can't give the warranty, then we
have to
      decide whether we can go ahead without getting the warranty
referred to in
      (2) above, from them.  I am not sure however that in practice we
even have
      a choice given that the trade has been done.

      If we go ahead without giving and without getting the warranty,
the risk to
      us is that we are more likely to be in breach of the prohibition
on
      gambling in the Criminal Law.  Are we willing to take this risk
and who
      needs to give me this answer?

      Jane

                          Jane McBride

                                               To:
Jeremy.Pitts@BAKERNET.com
                          10/20/2000           cc:
Paul.TYO.Davis@BakerNet.com, Alan Aronowitz/HOU/ECT@ECT, John
                          02:06 PM
Viverito/Corp/Enron@Enron, Mark Evans/Legal/LON/ECT@ECT, Jonathan

Whitehead/AP/Enron@Enron, Mark Taylor/HOU/ECT@ECT
                                               Subject:     ... Urgent
Weather Derivative Advice ...(Document link: Jane
                                               McBride)

      (See attached file:
Weather-HDD-Floor-OTC-ToaRejmb2000-10-20!.doc)

      Dear Jeremy,

      I would like to refine the following instructions.  There are
two (only)
      issues on which we need specific written advice and they both
relate to
      Warranty (c)(ii) of the draft which says "XYZ is entering into a
weather
      derivative transaction to hedge weather related risks arising in
the
      ordinary course of its business".

      1.   (a)  Can Enron Japan give the warranty at this stage in its
growth?
      Have we already had any written advice from you on whether Enron
Japan can
      warrant along these lines?  If so, when?  If not, the facts seem
to be
      that:

         Enron Japan plans to trade commodities which are energy
related but
         because we are still building up the business we are not
trading these
         products yet.
         As you know, we are getting into the power market.  If we
have done a
         weather derivative, then we can of course offer better prices
on the
         electricity deals we are negotiating.
         Other Enron companies are of course already trading many
weather
         dependant commodities and power.

      It could be argued therefore that unless we can rely on the
weather related
      risks of other Enron companies to justify our weather derivative
      transacting in these early days, that this is a speculative
transaction
      constituting gambling (depending on how the law on this works).
It is
      understandable that ToaRe would want us to warranty in effect
that we are
      not gambling because we are asking them to do so.  I know we
have had sign
      off from B&M re our weather derivative trading but I wonder if
anyone
      considered what the situation would be before we ourselves had
other
      transactions giving us weather related risks.

      (b)  If not, how could it be amended so that we can give it?

      (c)  If still relevant in the context of your answers to (a) and
(b) above,
      they did offer previously to take out all warranties so that
neither party
      gives any warranties.  The deal cannot be cancelled because it
was done on
      the telephone late Sept.  Accordingly, what is the practical
risk of us
      proceeding without the benefit of any warranties from ToaRe
(including the
      warranty that they are under the Insurance Business Law - ie an
insurance
      company.)?

      2.   They are insisting they not give (ii) and that we be
satisfied with
      (iii) only for the purposes of the Gambling Law  Pls confirm in
writing
      whether you think we can still go ahead on this basis.

      Thanks.

      Jane McBride
      Senior Legal Counsel
      Enron Japan Corp.

      Otemachi 1st Square Bldg.
      West 11th Floor
      1-5-1 Otemachi, Chiyoda-ku
      Tokyo 100-0004
      Japan

      Tel.:       81-3-5219-4500 (Main)
                    81-3-5219-4553 (Direct)
      Fax:       81-3-5219-4510

      Assistant (Maggy Yamanishi)
      Tel.:        81-3-5219-4554
      Email:      Yo.Yamanishi@enron.com

                          Jane McBride

                                               To:
Jeremy.Pitts@BAKERNET.com, Paul.TYO.Davis@BakerNet.com
                          10/20/2000           cc:

                          10:57 AM             Subject:     RE: ToaRe
documentation(Document link: Jane McBride)


David,

Please change the date on the draft so that we won't confuse it with the
prior drafts.

I would delete "specifically" from 2.10 (c), and add "or later ratify such
transaction" (or something to that effect), just in case they later learn and
accept the transaction.

In 2.10 (x), add to "due to an inability to pay, or other credit reason".  In
(y), add "or a contractual defense to payment" [could be force majeure, etc]

Again in 2.10, third sentence from the end "any interest, penalties,
attorneys fees and court costspayable by the Hub Shipper...;

3.3  Delete "prior" before "approval", and add "or ratification" in the
redlined section on refunds.

Thanks,

Kay


Bob is a good, solid player.  He won't change the world, but he is diligent
about getting a prescribed job done.  I personally like Bob a lot, and am
very interested in making sure that he is in the right role for him.  His
wife has MS in its most severe stages.  He was a manager previously, and we
jointly made the decision to reclassify him as a senior specialist in order
to reduce the expectations on him in his role at work.  He needs to be able
to leave work at a very reasonable hour each day in order to relieve a
caregiver who is with his wife while he works.  I made a personnal commitment
to him to make sure that his work load would allow a reasonable and
predictable end to his work day, and as long as he is in my group I will
personally make sure that works for him.  I would hope for him that if he
ever considered a change that a new boss would be able to do the same.

Danny contacted me about Bob, more from the standpoint of asking me what
impact it would have on gas if he moved.  I suggested that Brent would be
better able to address that.  I did tell Danny that the onslaught of EOL
transactions has been a challenge for gas confirmations, and I am sure that
they are not long on people.  I assume that Danny is following up with
Brent.  --Sally

	Barry Pearce @ ENRON COMMUNICATIONS
	06/13/2000 03:47 PM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Bob Bowen

What do you think of him?

Danny suggested him. I here he has some 'issues'.

I'm neither plus or negative - just fact finding.

B.


No thoughts on Skilling's speech.  He just needs to emphasize we are a great
productive entrepreneurial company.  Any we're are largest energy trading and
risk management house in the world.  It would be ok if he mentioned that I am
a Wharton '89 undergrad and run a large part of our trading group.  Students
like to see where successful wharton alum are in the world.  (By the way, I'm
the lead for wharton grad and wharton/penn undergrad).  This speech he is
giving is a great opportunity for us to recruit...

On another note, I have an idea for you.  Get on my calendar for early part
of week after next  (I'm going to the Japan office opening, then to sydney
and will be in the office nov. 6)  Keep a low profile on the xcelerator for a
week.

Later,

Jeff

Alhamd Alkhayat @ ENRON   10/27/2000 03:56 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: hey

jeff,
greatly enjoyed our conversations today, and looking forward to more, and for
us to tackle some interesting opportunities.
i forgot to mention that i am handling skilling's wharton speech, and
attending with him, and i found out you were the one that started all this.
do you have thoughts or comments about this event (nov 2)?
great weekend
cheers'
hamd

Alhamd Alkhayat
+1(713)853-0315


Pat,  Can you get with Taffy to obtain the boxes and labels for moving.
Thanks

----- Forwarded by Gerald Nemec/HOU/ECT on 04/04/2001 10:24 AM -----

	Taffy Milligan
	04/02/2001 03:13 PM

		 To: Carolyn George/Corp/Enron@ENRON, Diane Goode/NA/Enron@Enron, Linda R
Guinn/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
Mary J Heinitz/HOU/ECT@ECT, Martha Keesler/ENRON@enronXgate, Deb
Korkmas/HOU/ECT@ECT, Elizabeth Lauterbach/NA/Enron@Enron, Matt
Maxwell/Corp/Enron@ENRON, Claudia Meraz/HOU/ECT@ECT, Gerald
Nemec/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT, Gail
Brownfeld/ENRON@enronXgate, Michelle Blaine/ENRON@enronXgate, Stephanie
Truss/Enron@EnronXGate
		 cc: Mark Taylor/HOU/ECT@ECT, Janette Elbertson/HOU/ECT, Julia
Murray/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT,
Michelle Cash/HOU/ECT@ECT, Teresa G Bushman/HOU/ECT@ECT, Dina
Snow/Corp/Enron@Enron, Legal Temp 4/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT
		 Subject: 4/4/01 Churn

Below is a list of the people that will be moving on  the evening of
Wednesday, April 4.

If you need boxes contact 36300.  Please have every thing packed and ready to
move by 5:00 pm.  The move team will furnish an envelope containing labels
for your use.

NAME	FROM	TO
Blaine, Michelle**	3AC1934	3820
Brownfeld, Gail**	3AC1926	3819
George, Carolyn	3821	3836A
Goode, Diane	3876C	3833
Guinn, Linda 	3844	3829A
Haas, Merrill	3876B	3830
Hearn, Ed* (Mickey Mouse)	3880D	3844
Heinitz, Mary	3820	3836
Keesler, Martha	3814	3829
Korkmas, Deborah	3819	3834A
Lauterbach, Elizabeth	3818	3851B
Maxwell, Matthew	3875A	3830A
Meraz, Claudia* (Winners)	3851B	3821A
Nemec, Gerald	3883	3874A
Simmons, Linda* (Shadow)	3821A	3833A
Truss, Stephanie**	3AC1936	3821
Young, Kay	3880B	3834
LAN Printer* ) JAWS	3848	3829B
LAN Printer*) TULIP	3858F	3829B
*  Network printer
** New phone installation.  Telephone numbers will be furnisthed upon
completion of move.

Please feel free to contact me at X57373 if you have any questions pertaining
to the scheduled move.

Best regards,
Taffy Milligan


my parents want to go skiing from 12/09 - 12/14 can you take off time then?
the package is probably around $700-900/

Let me know

-e


I am hosting drinks at my home and dinner at Champions Golf Club on Saturday,
May 5 for my operations team and their spouses.  Greg and I talked about this
today.  He asked me to e-mail you so that you could put this on his calendar
and said that you would e-mail his wife to check the date as well.  If he and
his wife are available, I will let you know details as it gets closer.
Thanks for your help.  --Sally


Don:  your list doesn't reference Ben J's request for Chicago:  based on LM
6000's and the ABB's.  I know we have not been able to sit down with Clement
to extrapolate on what he already has on Chicago (MAIN).

BenT & Ben R:  let's get together heat rates for each of the referenced
plants (there should be very little variable with inlet chilling on the LM's)
but I have very little info on the West Coast projects.
Thanks, Thomas.

Don Miller@ECT
05/12/2000 06:35 PM
To: Christopher F Calger/PDX/ECT@ECT, Winston Cheng/SF/ECT@ECT, Elliot
Mainzer/PDX/ECT@ECT, Thomas M Suffield/Corp/Enron@ENRON, Tom
Halliburton/Corp/Enron@Enron, Benjamin Rogers/HOU/ECT@ECT, Jinsung
Myung/Corp/Enron@Enron
cc:

Subject: ICF

I have scheduled a call at 10:00 Houston time on Monday to talk with ICF
about a new curve for LV, Pastoria, Louisiana, Florida and Missouri.  They
have said that they can get a preliminary curve to us within 3-5 days with a
full market study to follow.  For this, they have ask for $95M.  They usually
charge $37,500 per region, and usually give us a 12% discount for a total of
$33,000.  So in their minds, they are shaving off $70M from the standard
discounted price.

Let's talk before the call if at all possible. We need to be in a position to
give them the go ahead on Monday, if we are comfortable with the proposal.
Otherwise, we risk not getting the results until the following week.

Thanks,

Don
713-853-0492


Start Date: 1/18/02; HourAhead hour: 13;  HourAhead schedule download failed. Manual intervention required.


Thanks for the update.  On the potential issues side, what do you mean by
weekly mark to market?  Don't you mean daily?

	Doug Leach
	01/29/2001 07:11 AM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc:
		 Subject: Orion Refining

Having a meeting today with Enron representatives from legal, tax,
underwriting, accounting, trading controls, finance, trading and origination
to discuss the merits and risk of the Orion inventory financing. If I have
overlooked any positives or negatives below, please advise.Will keep you
posted.
---------------------- Forwarded by Doug Leach/HOU/ECT on 01/29/2001 07:08 AM
---------------------------

	From:  Doug Leach                           01/29/2001 06:54 AM

To: Michael A Robison/HOU/ECT@ECT, John Viverito/Corp/Enron@Enron, Michelle
Bruce/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Bjorn
Hagelmann/HOU/ECT@ECT, James W Lewis/HOU/EES@EES, David Gorte/HOU/ECT@ECT,
Stephen H Douglas/HOU/ECT@ECT, Jerry Seade/NA/Enron@Enron, Jim
Goughary/HOU/ECT@ECT
cc: Marc De La Roche/HOU/ECT@ECT, Larry Lawyer/NA/Enron@Enron, John L
Nowlan/HOU/ECT@ECT
Subject: Orion Refining

In preparation for our meeting today please find below a list of the positive
aspects and potential issues related to the Orion inventory financing.

Positive Aspects
Confidentiality Agreement signed
Spread on Enron's money
Hedging opportunities
Retain title to inventory for securitization
Strength of current equity owners
Experienced management
Access to market information
Storage and blending opportunities
Contango play
Spot and term product purchase
Crude and feedstock sale
Export cargo arbitrage
Orion keeps crack spread risk
Wide light/heavy crude spread
Good coker and hydrotreating capabilities
Reformer project
Crude supply contract with Mexico/Venezuela
Good inbound/outbound logistics
Recent success

Potential issues
Insure that there are no liens against Orion impacting Enron's title to crude
and refined products
Address environmental issues at refinery site
Commitment from equity owners
Weekly true up on yields
Weekly MTM on inventory write ups/downs
Accounting/payables/receivables/lock box issues
Evaluate hedging risk
Address shortage of hydrogen
Review reformer project plans
Review Orion's operations including planned and unplanned maintenance
Review insurance and chartering policies
Current financials
Insure that Jack Stanley has no interest in Orion
Which Enron entity should be contracting party
Review all tax issues
Personnel requirements
Exit strategy


SCL@BOUNDARY-BPA(T)BOUNDARY/JD #96018NF-BPA(T)JD/MALIN
#94522F-SCL-EPMI-SEMPRA-PWX-BPA(T)MALIN/JD #341550F-BPA(T)JD/BCB
#10030NF-PWX-BCPS01-BCH(T)BCB/SYS #257654NF-BCPS01-BCHYDRO@SYS     :   50MW
HLH AT COB N/S.  Buy deal #s:  528046, 528048.  Sell deal #:  74885.2

Seattle called in this schedule to BPA incorrectly.  They tried call BPA with
the correction by their 2pm deadline, but got voice mail.  Therefore, if BPA
does not accept the schedule change/correction, SCL will call it in on
Real-time.  Even so, it should be transparent to RT.

Thanks, Donald.


Please include me on the volunteer e-mail list.

	From:  Cheryl Kuehl                           04/13/2000 02:40 PM

To:
cc:  (bcc: Susan Scott/ET&S/Enron)

Subject: Volunteer Group

******************************************************************************
****************************
Fellow Analysts and Associates,

A strong interest has been expressed in regards to forming a volunteer group
within our program to do service/community work such as Habitat for Humanity
and etc.

Many of us already volunteer individually.  It would be nice if we were to
volunteer together as well on a monthly basis.  In addition to contributing
to the welfare of the community, this will also give us an opportunity to get
to know one another better.

Please respond to Gallin Fortunov via e-mail in order to be included in this
volunteer e-mail list.

Gallin Fortunov
x58706
******************************************************************************
***********************************************************************


Mike,
I don't understand the question.  London informatiion was not complete in the
Corporate system at  11:00 Houston time.  Either London operations or Houston
operations did not do something.  To me that is the breakdown.  I don't have
any further knowledge nor do I expect to have any further.  The point of my
e-mail is to alert you to a reality that I would prefer you not have to deal
with, i.e., incur the rath of Dave Delainey, John Lavorato, Mark Frevert and
Jeff Skilling when they understand what happened and based on what inadequate
management information they were forced to make decisions with.  As I said, I
am not telling on anyone or accusing anyone of anything but I can virtually
guarantee the reaction of those people if this were to come to light.  So, I
suggest that you talk to Sally and create a process by which to insure that
the possibility of it happening again is minimized.
Ted

Mike Jordan
09/08/2000 06:34 AM
To: Ted Murphy/HOU/ECT@ECT, Oliver Gaylard/LON/ECT@ECT
cc:
Subject: Re: London Risk Reporting

Ted

Still waiting for the breakdown of the failing feed(s) - investigations here
suggest that there should have been no problem!!

So I am keen to understand faults in process

Ollie - can you help ?

Mike

From:  Ted Murphy
01/09/2000 17:19

To: Mike Jordan/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc:

Subject: London Risk Reporting

Well,
today (or rather yesterday) it happened.  We have been pushing our limits
hard and the makets here have been very volatile.  We had a large increase in
North American Natural Gas VAR due to the breaking apart the Rockies/SoCal
basis correlation.  This am, we were attempting to get firm numbers on the
effect on our corporate limits so that we could provide
Jeff/Delainey/Lavorato/Buy/.... the information to make decisions whether or
not to reduce positions.  The number was not firm until 11 am houston time.
My understanding is that the Houston numbers were all in before 8 am and that
we were waiting for London.  While I am sure that there are issues all around
and I do not think that anyone Senior in Houston is even aware, let alone
prepared to blame, I fear that this will not always be the case.  I think
something needs to be changed in our process so that this can be avoided in
the future.

Please do not take this as a nasty-gram.  No one is cc'd or bcc'd.  I just
think that it will be deemed unacceptable.
Any thoughts/comments?
Ted


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I think the answer is this:  fully consistent with the successful completion of the transaction with Dynegy we are taking the actions we need to take to stabilize Enron's situation.  These actions are important to preserving the value of what Dynegy is buying.  The merger agreement, of course, has a "no shop" provision, and it has provisions, as I understand it, to make sure Enron continues to run the business prudently. That's what we are doing.

 -----Original Message-----
From: 	Denne, Karen
Sent:	Wednesday, November 14, 2001 6:23 PM
To:	Kean, Steven J.
Subject:	FW: How's morale!

Steve -- I'm sure there's nothing to this, but let me know how to respond. thx. kd

 -----Original Message-----
From: 	Meg.Nollen@dynegy.com@ENRON
Sent:	Tuesday, November 13, 2001 9:43 PM
To:	Denne, Karen
Subject:	How's morale!

This deal depends on the support of your forces - I understand that folks
are upset at ENE mgt particularly Ken's sweetheart deal

What are the chances you guys try to wiggle out of this once we stabilize
you?  I've got to account for that on the Street if it's a real possiblity!

Meg Nollen
Dynegy Inc.
713/767-8707
meg.nollen@dynegy.com


Yes, you are nuts!  I can't believe that you already have so many gingerbread
houses made.  The cookie exchange was fun - fudge is definitely the easy
route on that one.

I will get the recipe from home tonight and will e:mail it to you tomorrow.
-Sally

"Cindy White" <cwhite@viviance.com> on 12/11/2000 11:19:35 AM
To: "Sally" <sally.beck@enron.com>
cc:
Subject: breakfast pizza

Hey--how was your weekend--fudge delivered?

Got my bake sale item done--an 18 layer cookie tower.  Have 9 houses baked
with 3 to go.

Now to show that I really have gone nuts--I thought I would cook breakfast
for the 2nd grade at school on Friday morning....can I have your breakfast
pizza recipe?  We all thought it was great and I think the kids will think
it is fun....

Thanks!

Cindy


Please see attached Special Telephonic Meeting of the Board of Directors of
Mariner Energy, Inc. for September 12, 2001.  Thank you.

Donna M. Cagle
Executive Administrator to President & CEO
Mariner Energy, Inc.
580 WestLake Park Blvd., Suite 1300
Houston, TX  77079
281/584-5511 (phone)     281/584-5515 (fax)
dcagle@mariner-energy.com

 <<Mtg. Notice to BOD - Special.doc>>


I have 30 minutes at 930 (1000am meeting)

From: Sheila Tweed@ECT on 05/15/2001 04:18 PM
To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Kay
Mann/Corp/Enron@Enron

Subject: Re: GE- Standard Domestic Contract- Need your help

Would you all be in a posiotion to get together tomorrow morning at 9:30 am
Houston time to review the issues list and  talk about how we get to the end
of this process with GE.  We immediately need to start the drafting of the
Longview turbine contract and I'd like to see if we are close enough to get
that started.  Scott, today the extension to the Agreement in Principle
expires and we need to extend.  Can you tee this up with Steve Swift?  Our
meeting tomorrow will be in lieu of the regularly scheduled GE call.  I'll
let them know we will call them later this week or we'll talk next Wednesday,
but I would like to get through whatever we need to in order to get the
Longview Turbine Contract going.
I've talked to John Schwartzenburg about this and he is available tomorrow
morning.


PIPELINE NOTES FROM WASHINGTON
Vol. 4, No. 22
June 8, 2001

Association of Oil Pipe Lines
(202) 408-7970
(202) 408-7983 (fax)
bcooper@aopl.org

The opinions if any expressed in these notes are the author's only and do
not represent the views of the Association of Oil Pipe Lines (but they
should).

1.	Commission Schedules Colonial Market-Based Rate Renewal Request

	At its June 13 meeting the Federal Energy Regulatory Commission intends to
take up Colonial's request to renew its market-based rates into the
Northeast markets.  In the mid-90's, Colonial was granted market-based rate
status on movements from the Gulf Coast and from Philadelphia and New York
City area origins into Philadelphia and New York City area destinations, on
a temporary basis subject to renewal.  In March 2000, Colonial applied for
renewal.  No one objected, but the Commission has not acted on the matter.
Next week they promise to take it up.  You can view Colonial's application
at http://rimsweb1.ferc.fed.us/rims under docket number OR00-3-000.

2.	Commission Reaffirms Colonial Abandonment and New Service Ruling

	At its last meeting, the Commission approved an Order on Rehearing of the
Commission's October 27, 1999 order granting Colonial's petition for a
declaratory order on abandonment of existing service to Tennessee and the
rate structure of new service to Tennessee. (see 89 FERC  61,095 (1999)).
Exxon Mobil and Motiva had asked the Commission to reconsider that ruling.
	Colonial is building a new line from Birmingham, Alabama to Nashville via
Huntsville, Tennessee.  When that line is completed, it intends to abandon
service to Nashville via a line running from Atlanta.  Colonial sought a
ruling from the Commission that its abandonment of the Atlanta to Nashville
line will not be subject to challenge, that its indexed rates from Houston
origins to Birmingham will not be subject to challenge because of the new
connection, and that a cost-of-service may be used to establish the initial
rate for the service to Nashville and Huntsville via the new pipeline.  The
Commission approved all of the requests subject to verification at the time
that the change takes place.
	Exxon Mobil and Motiva argued that the rules for setting rates as a new
service should not apply to this situation because Colonial is really merely
providing a new route for an existing service.  The Commission disagreed,
finding that rates apply to the specific route and that this was a new
route.  Exxon Mobil and Motiva also argued that Colonial should not be able
to rely on indexed/grandfathered rates to Birmingham and to charge
cost-of-service rates for the new pipeline from Birmingham to the Tennessee
destinations.  They argued this was permitting the pipeline to mix and match
rate methodologies.  The Commission disagreed, stating that Colonial was
merely seeking to add a new service, which under the Commission's rules must
be justified either with a negotiated rate or on a cost-of-service basis.
Finally, Exxon Mobil argued that the Commission should look more closely at
the abandonment to determine whether the cancellation is in the public
interest under section 15(3) of the Interstate Commerce Act.  The Commission
found that complete abandonment of a service is outside its jurisdiction,
but allowed Exxon Mobil to argue at the time of the abandonment that a
complete abandonment would not take place.  A copy of the Commission's order
may be found at http://cips.ferc.fed.us/cips/default.htm under docket number
OR99-16-000.

3.	NTSB Issues Report on Marathon Ashland Spill

	The National Transportation Safety Board last week issued its accident
report on the Marathon Ashland spill in Kentucky last January.  According to
the report, that 11,644 barrel spill resulted from metal fatigue at a dent
site.  The line had been pigged in 1997 and an anomaly had been detected
there but the pig contractor had determined that the dent was not
significant.  It did not meet repair criteria used at the time.  The NTSB
found "failure of the controller and supervisors to timely recognize the
rupture, shut down the pipeline, and isolate the ruptured section of the
pipeline" contributed to the severity of the accident.  To review the report
yourself, go to http://www.ntsb.gov/Publictn/2001/PAB0102.htm.  To read what
the local paper had to say, go to
http://enquirer.com/editions/2001/06/02/loc_pipe_workers_are.html, Pipe,
workers are faulted in pipeline spill.

4.	Nomination for the U.S. Army Corps of Engineers

President Bush intends to nominate Michael Parker to be Assistant Secretary
of the Army for Civil Works.  Parker is a former Congressman from the 4th
District of  Mississippi serving from 1989 to 1999.  He was a member of  the
Budget,  Appropriations, Transportation, Education and Workforce and
Veteran's Affairs Committees.  His nomination must be approved by the
Senate.  The Senate Environment and Public Works Committee, chaired by Sen.
Jeffords (I-VT), will consider the nomination.   Parker was elected as a
Democrat to the House of Representatives in 1989, and soon after the House
majority became Republican in 1994, Parker also became a Republican.  Parker
is currently the President and Owner of Parker-Malvaney Consulting, Inc., a
government affairs consulting firm in Brookhaven, Mississippi.

5.	Patty Murray (D-WA) on Bellingham Accident Anniversary

	Check the Congressional RECORD for June 7 at page S5959.
http://thomas.loc.gov/r107/r107.html  TWO-YEAR ANNIVERSARY OF THE BELLINGHAM
WASHINGTON PIPELINE EXPLOSION.  Sen. Murray's press release is at
http://www.senate.gov/~murray/releases/01/06/2001607D05.html.

6.	New Lawsuits from the Bellingham Accident

http://news.bellinghamherald.com/stories/20010606/LocalState/55677.shtml --
4 sue Olympic for emotional suffering; Other defendants named include those
from prior pipeline suits.

7.	FERC Announces New Web Site

	The FERC has developed a new website including a new URL (www.ferc.gov)
designed to be more user friendly and organized "in a more intuitive manner"
than the old site.  Take a look at it and let us know what you think.

8.	Commissioner Wood Sworn In

	After confirmation by the Senate, it takes a few days for the nominees to
wrap up work at their former jobs. FERC Commissioner Pat Wood this week
finished his work at the Texas Public Utility Commission, where he was
chair, was sworn in on Tuesday and is in his office at the FERC.  One of his
first tasks will be to travel to California to meet with Governor Gray Davis
about the crisis in that state.  Commissioner Nora Mead Brownell may not
come on board until July.  Rumor has it that she will qualify for an
improved pension if she stays on in Pennsylvania for another month.

9.	Lois Epstein Changes Jobs and Job Locations

Lois Epstein, Environmental Defense's pipeline safety advocate, has left
Washington DC and Environmental Defense for Anchorage, Alaska.   There she
will work for a watershed-protection organization called Cook Inlet Keeper
"advocating for best possible performance for pipelines, refineries, and
other oil and gas infrastructure and working to prevent new oil and gas
drilling in sensitive portions of the watershed."  This leaves the pipeline
safety issue in DC to Jeremiah Baumann of US Public Interest Research Group,
Patricio Silva of the Natural Resources Defense Council and Paul Orum of the
Working Group on Community Right-to-Know.  There is still a possibility that
Environmental Defense will assign some new DC person to work on pipeline
safety issues.  Ms. Epstein hopes to continue as a public member of the
Office of Pipeline Safety's Technical Hazardous Liquid Pipeline Safety
Advisory Committee.  For more on her new job, see www.inletkeeper.org.

10.	Exxon Prevails in Louisiana Expropriation Case

	We thought we had already reported to you on this one but can't find it in
back issues, and want to be sure you know.  Exxon recently prevailed in the
Supreme Court of Louisiana in a case involving valuation of pipeline
right-of-way in expropriation cases.  The landowners argued that the
appropriate measure of value for the expropriated land should be for the
highest and best use of the property as a pipeline corridor, and to
determine the value by looking at what other pipeline companies paid for
similar rights-of-way on a per rod basis.  Exxon argued that the appropriate
valuation method was using property comparables on a per acre basis.  The
difference in the two methods in this case was $ 251,505 versus $ 17,172.
The lower courts sided with the landowner but the Supreme Court agreed with
Exxon.  The opinion, Exxon Pipeline Company v. Hill, et al. can be accessed
on the court's web site at www.lasc.org.  Once you reach the site, go to the
May 15th press release to find the opinion.

11.	OPS Authorizes Reopening of Chalk Point Pipeline

	This is the pipeline that runs to the power plant just north of Washington,
DC that experienced a spill into a local wetlands last year, now rumored to
be the most expensive pipeline spill ever. The line was owned by Potomac
Electric Power Company.   The Office of Pipeline Safety has proposed a civil
fine of $ 674,000, and PEPCO claims the clean up has cost it more than $ 60
million.  The line and the power plant have now been sold to Mirant
Mid-Atlantic LLC.  OPS this week authorized Mirant to start the line back
up.  The OPS release can be found at
http://www.dot.gov/affairs/rspa1601.htm.   For the local view see
http://washingtonpost.com:80/wp-dyn/articles/A26573-2001Jun5.html, Closed
Oil Pipeline Slated for Reopening.

12.	Senate Commerce Subcommittee Chairmanships under the Democrats

The Democrats organized the Senate this week.  In the Coimmerce, Science and
Transportation Committee, Sen. Fritz Hollings (D-SC) became Committee
Chairman, and the subcommittees got new chairmen.   Sen. John Breaux (D-LA)
has the important one for us.  The lineup is as follows:
Aviation: Sen. Jay Rockefeller (D-WV); Communications: Sen. Daniel Inouye
(D-HI);  Consumer Affairs, Foreign Commerce and Tourism: Sen. Byron Dorgan
(D-ND); Oceans & Fisheries: Sen. John Kerry (D-MA); Science, Space &
Technology: Sen. Ron Wyden (D-OR); and Surface Transportation and Merchant
Marine: Sen. John Breaux (D-LA).

13.	Pipeline Safety R&D at the Department of Energy

Following is a link to the Department of Energy's Office of Fossil Energy
and a recent announcement of several join government/industry projects to
develop high-tech ways to improve the safety and performance of the nation's
natural gas delivery system.
http://www.fe.doe.gov/techline/tl_gasinfra_sel1.shtml.

14.	Transportation Facility Siting

Pipeline permitting problems are just a subset of the permitting problems of
transportation modes generally.
http://www.trafficworld.com/news/feature/index.html -- Decongesting
Politics: Brawl brewing on Capitol Hill over environmental review of
transport projects.

15.	Eminent Domain

We wrote USA Today to tell them they have to process for liquid pipeline
siting wrong in this article:
http://www.usatoday.com/usatonline/20010606/3376984s.htm -- Energy plan
intrudes on land Bush policy would allow the government to take private
property for power line sites, and some say it's not for the public good.

16.	Montana Power Costs Becoming a Big Concern

	We wonder to whether this experience is found in other states.  Let us
know.
http://www.trib.com/HOMENEWS/WYO/PipelinePower.html -- Express Pipeline
turns to diesel generators to cut power costs

17.	Pipeline to the Salt Lake City Market

Service changes like this one are becoming more frequent as the industry
seeks to serve growth markets.
 http://www.durangoherald.com/1news4534.htm -- Pipeline plan worries some
residents

 - PIPELINE NOTES6.8.01.rtf


let me know what is up after you speak with her


FYI, see below.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 05/08/2001 03:31 PM
---------------------------

DeKrey Lynn <Lynn.DeKrey@swpc.siemens.com> on 05/08/2001 02:52:26 PM
To: "'ben.jacoby@enron.com'" <ben.jacoby@enron.com>
cc: Monahan Bill <Bill.Monahan@swpc.siemens.com>
Subject: Issuance Confidentiality Agreements

Ben
I understand from Bill Monahan that you wanted to see confidentiality
agreements currently outstanding from insurance company.

We submitted agreements to Chuck Newell and Sharon West.  Chuck's executed
agreement has been received but we are still waiting for Sharon.  We had
emailed Chris Booth to request status however we now understand he is out on
vacation this week

Attached is a copy of agreement documentation (4 pages) sent to Sharon West
and currently outstanding.

 <<FI189301.TIF>>

Regards
Lynn DeKrey

 - FI189301.TIF


I was probably hopelessly stuck in traffic when we were to talk, and did not
even realize that the time had passed. Construction on my route in to work is
to continue until early January, and my alternate routes have proven to
busts.

I will call you tomorrow and see if I can catch you between issues.

Thanks for making the trip to Houston with your crew last week.  It was great
to have people from so many different offices, supporting so many different
commodities -- and yet with so many similar issues.  Your support for the
interaction between offices is so valuable.  Thanks again for all of your
efforts.  --Sally

Mike Jordan
11/01/2000 08:57 AM
To: Sally Beck/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT
Subject: Got caught up with real time issue - missed my slot today

Will try to call tomorrow for another slot to catch up

Hope all is well


Sounds like fun man.  Do you ever do any bay fishing?  If you want to, let me
know and I would love to go.  I like to wade fish so that I can use my fly
rod.  I need to get my licensed renewed.  How much did you catch?
PL


---------------------- Forwarded by Tana Jones/HOU/ECT on 03/08/2000 09:48 AM
---------------------------

David Forster
03/08/2000 09:45 AM
To: Mark Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:
Subject: Trademarking

Fyi

---------------------- Forwarded by Justin Boyd/LON/ECT on 08/03/2000 12:27
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Day, Jonathan" <jonathan.day@linklaters.com>
 08/03/2000 12:28

To: "'Justin.Boyd@enron.com'" <Justin.Boyd@enron.com>
cc: "Didizian, Marly" <marly.didizian@linklaters.com>

Subject: FW: Trademarking

Dear Justin

Marly asked me to respond to you.

As you know, the suffix ONLINE is purely descriptive and now used by many
companies. Therefore, any trade mark registration that incorporates the word
ONLINE as a suffix in the way that you use it will not enable its owner to
prevent others from using the word ONLINE.

Given the above, if you have adequate protection for the word ENRON (which
covers the services that you offer on-line as well as your core activities),
I'd say that another application for the words ENRON ONLINE is probably
unnecessary. However, if you use a particular logo for the on-line service,
that should be registered.

I hope the above is clear.

Jonathan Day

-----Original Message-----
From: Justin Boyd [mailto:Justin.Boyd@enron.com]
Sent: Wednesday, March 08, 2000 11:59 AM
To: mdidizia@linklaters.com
Cc: Edmund Cooper
Subject: Trademarking

Marly,

If you could respond to me on this request, thanks

Justin

---------------------- Forwarded by Justin Boyd/LON/ECT on 08/03/2000 11:59
---------------------------

Paul Goddard
08/03/2000 11:35

To:   Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc:

Subject:  Trademarking

Can one of you give me a quick call to discuss . I'm @ X37047. Thanks.

I believe we are to some extent already protected with "Enron" proceeded
with
anything, but EnronOnline(TM) , etc. just affords us more protection.  I
assume
this is akin to why McDonald's trademarks "Mc"Everything?
---------------------- Forwarded by Paul Goddard/LON/ECT on 08/03/2000 11:33
---------------------------

David Forster
08/03/2000 01:50

To:   Paul Goddard/LON/ECT@ECT
cc:

Subject:  Trademarking

Paul,

Can you please give me a call to discuss trademarking?

i.e. Are we covered if we proceed a word with "Enron"?  e.g.: EnronEAuction.

If we are covered, then was it necessary to register EnronOnline?

Thanks,

Dave

____________________________________________________________

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________


This should be the final and correct version.  Hopefully Mausser got it right
this time.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/21/2001
12:33 PM ---------------------------

	Gregory A Mausser
	02/21/2001 12:16 PM

To: Kam Keiser/HOU/ECT@ECT
cc: Darron C Giron/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Patrick Ryder/NA/Enron@Enron, Kevin P
Radous/Corp/Enron@Enron
Subject: Physical Tab Template revision

Kam,

Thanks for the feedback.  I have corrected the column width issue in the
attached template.  Please let me know if you find any other issues as you
begin to use the template.

Thanks,
Greg (37299)


Layla,

My associate's  name is Tanya Tamarchenko. The
E-mail address is:  tanya.tamarchenko@enron.com.

Location is the same as mine, Enron, 1400 Smith, Houston.

Thanks

Vince

P.S.  Shirley, please send my bio to Layla

"Layla O'Leary" <loleary@riskwaters.com> on 05/02/2001 10:33:00 AM
Please respond to <loleary@riskwaters.com>
To: <Vince.J.Kaminski@enron.com>
cc: <pbristow@riskwaters.com>
Subject: RE: EPRM 2001 Houston

Yes, That's fine.  If you can please give me her full contact details
including e-mail and address I will have her registered as a co-speaker.

If you would like to bring your own copies to the event I would ask you to
send 200 copies directly to the venue.  Although if you can get it to me on
Friday I can still insert it!

Could I please trouble you for a short biography?

Kind Regards

Layla

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: 02 May 2001 15:38
To: loleary@riskwaters.com
Cc: Vince.J.Kaminski@enron.com
Subject: Re: EPRM 2001 Houston

Layla,

A few points.

I shall be glad to attend the reception.

I am falling behind in getting my presentation ready. Sorry for the delay.
I can commit to delivering the required number of copies on the day of my
presentation
(or a day before). I have done it on two occasions before (Power 2000 and
Power 1999):
the copies were produced by our company Copy Center at no cost to you.

My associate, Tanya Tamarchenko, is helping me with one aspect of the
presentation and
I would like her to deliver part of my speach. It's only fair to give her
the credit when the
credit is due.  Is it OK to include her as an additional speaker?

Vince

"Layla O'Leary" <loleary@riskwaters.com> on 04/30/2001 09:04:52 AM

Please respond to <loleary@riskwaters.com>

To:   <loleary@riskwaters.com>
cc:
Subject:  EPRM 2001 Houston

Dear Speaker,

Pre-Congress Cocktail Reception - Sunday 13th May @ 5:30pm in the Juniper
Room
We would be delighted to have you attend our pre-congress cocktail
reception. We will be extending this invitation to all our sponsors,
exhibitors and EPRM/Risk Waters Group staff.   We hope this will provide a
perfect opportunity for you to meet all our staff and clients before the
formal opening of EPRM 2001 USA

+ RSVP

I would also like to remind you that I need any missing presentations by
Thursday 3rd May.  It is essential that I get these in as the delegates
rely
on these to make notes and get very upset if they are not included in the
packs.

If you still haven't informed me of your AV requirements, please do so as
quickly as possible.  I also require a short biography.

I would like to point out that I will not be taking any presentations on
disk to the event.  If you are using a laptop, your presentation should be
loaded onto the laptop that you bring with you.  You must bring your own
laptop and disc, with connecting cables.

Any questions, please do not hesitate to contact me.

Kind Regards

Layla O'Leary
Event Co-ordinator

Risk Waters Group
Haymarket house
28-29 Haymarket
London
SW1Y 4RX

Tel:  +44 (0) 20 7484 9871
Fax:  +44 (0) 20 7484 9800


---------------------- Forwarded by Scott Neal/HOU/ECT on 01/22/2001 06:55 PM
---------------------------

Scott Neal
01/22/2001 08:45 AM
To: Sandra F Brawner/HOU/ECT@ECT, Peter F Keavey/HOU/ECT@ECT, Brad
McKay/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Thomas A Martin/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Andrew H Lewis/HOU/ECT@ECT, Dick
Jenkins/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
cc:
Subject: Some in natural gas industry blame market speculators for high prices

note Chris McGill's (AGA) commments.
---------------------- Forwarded by Scott Neal/HOU/ECT on 01/22/2001 08:41 AM
---------------------------

sneal12@mindspring.com on 01/22/2001 08:38:50 AM
To: sneal@enron.com
cc:
Subject: Some in natural gas industry blame market speculators for high prices

As natural gas prices rose in December, traders at the New York Mercantile
Exchange kept one eye on the weather forecast and another on a weekly gas
storage number.

Read the full story at the address below:
http://www.kcstar.com/item/pages/home.pat,local/377511be.120,.html

This story has been sent to you by: sneal12@mindspring.com.

This is a service of kcstar.com.


Guided Afghan Hunt, watch your volume in the beginning.
 -----Original Message-----
From:   Reel, Brad [mailto:Brad.Reel@smedica.com ]
Sent:   Tuesday, October 16, 2001 2:48 PM
Subject:        FW: THE HUNT
Importance:     High
  <<rock103.com.afghanihunt.mp3>>

 - rock103.com.afghanihunt.mp3


I am unable to log in the way you suggested.  It is asking for your
sportsline password when I hit the link in your email.  When I go into
sportsline and hit march mayhem, there is no place to enter league name and
password like there is when you go into sportsline fantasy.  Please provide
assistance.
PL


Here it is, it is not yet in final form.

 -----Original Message-----
From: 	Butler, Janet
Sent:	Tuesday, November 13, 2001 8:44 AM
To:	Hayslett, Rod
Subject:	RE: AcSEC Exposure Draft on Proposed Statement of Position

Thank you. If you remember, would you send either Joe Hartsoe or myself a copy of the INGAA filing?

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Monday, November 12, 2001 6:19 PM
To:	Butler, Janet
Subject:	RE: AcSEC Exposure Draft on Proposed Statement of Position

WE are following the issue and I believe INGAA is going to be filing somethiong that we have had input on.

 -----Original Message-----
From: 	Butler, Janet
Sent:	Monday, November 12, 2001 6:14 PM
To:	Hayslett, Rod
Subject:	AcSEC Exposure Draft on Proposed Statement of Position

Rod:  Attached are AGA comments concerning the Exposure Draft of the Proposed Statement of Position. Are you following this issue or planning on filing comments? Comment letter deadline is November 15, 2001.

 << File: American Gas Association draft 06NOV01.doc >>


I just received this so I wanted to pass it along.  I'll work through the
comments and get back to you with any questions.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/13/2000 12:43
PM ---------------------------

"Colo, Mike" <MSColo@POYNERSPRUILL.COM> on 07/13/2000 12:23:30 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc:

Subject: Memo to Raber re ENRON Option.DOC

Kay:  I just received your voice mail message.  I sent the attached memo to
my client yesterday.  Why don't you review it and then give me a call back
to discuss it.  I will be here all day today, but out tomorrow until late
afternoon.  Look forward to talking with you.

 <<Memo to Raber re ENRON Option.DOC>>

 - Memo to Raber re ENRON Option.DOC


Wholesale electric prices soar anew
By Carrie Peyton
Bee Staff Writer
(Published Dec. 13, 2000)

With wholesale prices again soaring on California's biggest power-trading
market, grid operators called the year's 30th "stage two" electric emergency
Tuesday.
One consumer group estimated that if those prices continued and were passed
along to ratepayers, the average Californian's electric bill would be $620 in
December.
Electric rates are currently frozen, although Pacific Gas and Electric Co.
and Southern California Edison are fighting in federal court and before the
state Public Utilities Commission to end the freeze and pass along their
costs.
Although prices reached $1,500 a megawatt-hour Tuesday on the California
Power Exchange, where most of the state's electricity is traded, problems
with new trading rules drove the average price much lower.
The issue, which revolves around how prices should be revised to reflect
space crunches on transmission lines, is fueling anxiety between two
California power agencies, the PX and the Independent System Operator, which
runs the transmission grid.
On Tuesday, the glitch produced two sets of prices -- an average of $1,182 a
megawatt-hour before the transmission calculations dropped it to $258.
One year ago, the average PX price was about $30.
The issue is expected to simmer at least until Friday, when the Federal
Energy Regulatory Commission will consider the state's electricity chaos.
Meanwhile, Tuesday's wholesale costs fueled more calls to re-regulate
electricity.
"The prices that we're seeing are so out of whack ... it's just obscene,"
said Doug Heller, a consumer advocate with the Foundation for Taxpayer and
Consumer Rights, which promises a 2002 ballot initiative on the issue.
As the ISO declared a "stage two" emergency Tuesday and called for continuing
efforts to conserve electricity, the agency's chief operating officer, Kellan
Fluckiger, predicted that more power could soon be available.
Power plants capable of generating 1,000 to 1,500 megawatts are expected back
on line by the end of the week, Fluckiger said.
By week's end, only about 7,000 megawatts of capacity might be off line, he
said, compared with 11,000 megawatts last week.
Copyright , The Sacramento Bee


Jeff -- I'll be working on the PR activities for this issue.  I've made a few
revisions to the draft  (approaches and messages).  Let's discuss later this
morning.

Thanks.
kd

---------------------- Forwarded by Karen Denne/Corp/Enron on 07/19/2000
04:52 AM ---------------------------

Cindy Derecskey
07/19/2000 04:30 AM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: Revised Price Cap Media Draft

---------------------- Forwarded by Cindy Derecskey/Corp/Enron on 07/19/2000
04:28 AM ---------------------------

Jeff Dasovich @ EES on 07/18/2000 06:36:03 PM
To: Steve Kean, Paul Kaufman@EES, Richard Shapiro/HOU/EES@EES,
mpalmer@enron.com, James D Steffes/HOU/EES@EES, Sandra McCubbin/SFO/EES@EES,
Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES
cc:

Subject: Revised Price Cap Media Draft

Here's the draft with comments from Steve, Mark and Mona included.  If anyone
has any others, please send them along.  This wil likely go to IEP Thursday
or Friday.


Please note the highlighted name overlay done this afternoon.  The short name
will change on Friday, Jan. 26.


The staff meeting that is scheduled for tomorrow, May 11 has been rescheduled to next Friday, May 18th.  The meeting is scheduled to start at 2:30 pm central time and will be in EB30C1.  If you are not able to attend, please make sure that you send an email to Kim Hillis with an explanation.

Currently, the meeting will have Portland, Calgary, Sao Paulo, San Fran and Monterrey video conferenced. Orlando, please call 713-646-3062 when you are not in the Sao Paulo office.  If anyone else is required to call in, then a conference bridge line will need to be set up.  Please let Kim know this information as well so that this can be done.

The staff meeting is monthly and I will alert you when the June meeting will happen.  Please make all efforts to be at the meetings.

If you have a response to the previous email of where you would like for the management meeting to take place, please send them to myself or Kim.  I have not received many responses!

If you have any questions, please let me know.


Request from Rick Shapiro & Jim Steffes

In the future, if  you schedule a tour of the gas & power trading floors at
Enron, and you DO NOT go through experienceENRON to arrange for the tour(s),
it is "MANDATORY" that you contact Christi Nicolay (x37007) before visiting
the trading floors.

gngr
713-853-7751


Steve,

This is a third draft of a letter to Wyden re: information release.  The
latest draft incorporates comments of Tim Belden and Jim Steffes.

Who do you recommend I work with to get this letter finalized?

Alan Comnes


Start Date: 10/16/01; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101614.txt

Error retrieving HourAhead price data - process continuing...
---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 10/16/01
  TRADING_SC: SCE1
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 10/16/01
  TRADING_SC: EPPS
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


-----Original Message-----
From: IntercontinentalExchange [mailto:feedback@intcx.com]
Sent: Monday, April 15, 2002 1:26 PM
To: iceuserslist@list.intcx.com
Cc: sales@intcx.com; icehelpdesk@intcx.com
Subject: Two new points on NG Fin Spr, GDD/GDD

ATTENTION FINANCIAL GAS TRADERS AND API DEVELOPERS

Effective this Friday, April 19, IntercontinentalExchange is listing two new hubs for the Gas Daily Financial Spread, NG Fin FP Spr, GDD/GDD. For ANR-SW and NGPL-Mid, bal month and prompt month strips will be added.

The new markets will automatically appear in portfolios containing the bal month spread on the same product for Chicago/Henry. If you do not have the bal month strip for Chicago/Henry you can go to the manage portfolios selection and add these new points manually as you normally would.

If you have any questions please respond to this email or call a member of our Gas Sales or API Team.

Regards,

IntercontinentalExchange

Joe Adevai, New York 646-733-5000
Lee Abbamonte, New York 646-733-5000
Nathaniel Riley, Atlanta 770-738-2111
Vijaya Surapaneni, Atlanta 770-857-0371
Rajesh Thomas, Atlanta 770-738-2148
24-hour Help Desk, Atlanta 770-738-2101


The Executive Committee Meeting scheduled for Monday, July 23rd has been cancelled due to PRC meetings.  I will contact everyone with details on the July 30th
Executive Committee Meeting early next week.

Regards,

Bill


I would like to participate in the Enron presentation at Vandy.
John

Kristin Gandy@ENRON
09/11/2000 09:30 AM
To: Mark Koenig/Corp/Enron@ENRON, Kevin Garland/Enron Communications@Enron
Communications, Jonathan Davis/HOU/ECT@ECT, Jian
Miao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed Wood/HOU/ECT@ECT, Jun Wang/Enron
Communications@Enron Communications, Miguel Vasquez/HOU/ECT@ECT, Lee
Jackson/HOU/ECT@ECT, Amber Hamby/Corp/Enron@Enron, Jay Hawthorn/Enron
Communications@Enron Communications, Joe Gordon/Corp/Enron@Enron, Susan
Edison/Enron Communications@Enron Communications, Vikas
Dwivedi/NA/Enron@Enron, Mark Courtney/HOU/ECT@ECT, Monica Rodriguez/Enron
Communications@enron communications
cc: Seung-Taek Oh/NA/Enron@ENRON, John Arnold/HOU/ECT@ECT, Andy
Zipper/Corp/Enron@Enron, George McClellan/HOU/ECT@ECT, David
Oxley/HOU/ECT@ECT
Subject: Vanderbilt Presentation and Golf Tournament

Hello Vandy Recruiting Team,

Well it is almost time for the corporate presentation on campus (September
26th at 5:30pm) and the MBA golf tournament (September 30th at 12pm).  I need
to know as soon as possible the members who are available to participate in
either of these events.  We only need two participants for the golf
tournament but we will need at least 6 to 8 members for the presentation.
Reserve your spot now before its too late!

Thank you and if you have any questions feel free to contact me at x 53214.

Kristin Gandy
Associate Recruiter


In addition to the EES length in NP-15 for 04-20, we also have ST-CALI length
in PGE3 for 04_20 and 04_21.  ST-CALI is 40 mws long in PGE 3 on peak
beginning HE 7.  We will sell this energy off under ST-CALI's book and figure
out a cost basis later.

Thanks.
Bill


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      We've added several new products to our line of outstanding fresh and frozen seafood. Check out our fresh fish in our shopping section <http://secure.crabplace.com/acb/shop.cfm?DID=9> for pricing on fresh salmon, rockfish, tuna, and red snapper filets. We've also added Alaskan king crab and snow crab legs to the menu. We'll keep you posted as we add additional product to the site. If there's something we're missing that you would like to see, please let us know.

      BIG SPECIAL: Get 25% OFF everything in the store through March 9! It's a great time to stock up on your favorite frozen foods or save big on fresh seafood for your favorite Maryland recipe. All items are on sale! Simply enter the coupon code of "savebig" (without the quotes) when checking out online or mention it when calling in your order toll-free at 877 EAT-CRAB. This offer is made to recipe subcribers only and cannot be combined with any other offer, discount, or promotion.

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List of Ingredients:

2 slices bread, crusts removed
milk
1 pound special crab meat
1 egg, beaten
1/4 teaspoon salt
1 teaspoon Old Bay Seasoning
1 tablespoon baking powder
1 tablespoon chopped parsley
1 tablespoon Worcestershire sauce
1 tablespoon mayonnaise
oil for frying

Preparation Instructions:
Break bread in small pieces and moisten with milk; combine with remaining ingredients. Shape into patties. Fry quickly in 3 or 4 tablespoons hot oil until brown. Serves 6.

? When The Baltimore Spicy Company left the crab cake recipe off of the Old Bay Seafood Seasoning can, its switch boards lit up with callers wanting to know why. Here it is so it's always close at hand.

Crab-Stuffed Red Snapper

List of Ingredients:

1/3 cup minced onion
3 tablespoons butter
1/2 pound backfin crab meat
1/2 cup fresh bread crumbs
1/4 cup fresh chopped parsley
1/4 cup heavy cream
1 teaspoon lemon thyme
4-pound red snapper, dressed for stuffing
salt and pepper
1/3 cup dry white wine mixed with 1/3 cup melted butter

Preparation Instructions:
Saute onion in butter until golden. Remove from heat and mix in the crab meat, bread crumbs, parsley, heavy cream and lemon thyme. Sprinkle cavity of fish lightly with salt and pepper. Stuff the fish and skewer edges securely. Place fish in a greased baking pan, pour wine-butter mixture over fish. Bake in 400-degree oven, uncovered for 30 minutes or just until the flesh is opaque, basting frequently with wine sauce. Serves 4 to 6.

? If you feel in the mood to experiment, many different kinds of fish can be found at your local seafood market. There are fascinating discoveries ahead for people with some imagination and initiative.

Baked Rockfish with Potatoes

List of Ingredients:

2-3 pound rockfish, scaled, with head, tail, and innards removed
1 large onion
5 medium sized potatoes
4 thin slices salt pork or 3 tablespoons bacon grease
2 tablespoons flour
1 1/2 cups water
salt and pepper to taste

Preparation Instructions:
Peel the potatoes and cut into rounds. Dice the onion. Put the potatoes and onion into a baking dish with the fish. Salt and pepper to taste. Add the salt pork or bacon grease, arranging around the fish. Mix 2 tablespoons of flour in 1 1/2 cups of water and pour over the fish, onion, potatoes, and salt pork. Cover the baking dish, and bake at 350 degrees until the rockfish is brown. Baking time is about 1 hour.

******************************************************

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N
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T
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R


no problem


Sara,

Which Enron entities would be a party to the transactions?  Also, where would
the counterparties likely be organized and doing business?

Best regards,
Susan

From: Sara Shackleton@ECT on 02/21/2001 08:45 AM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Carlos Alatorre/NA/Enron@Enron

Subject: EOL tax reps

Susan:

The internal EOL FX products will be opened up to third parties shortly.  I'm
reviewing the GTC's.  With respect to the tax reps which are incorporated
into the GTC's, I think we need a "universal" rep since the products could be
traded by parties residing anywhere in the world.  I believe that the first
week in March is the target EOL date.

Can you prepare the tax rep section for the GTC's?  I am not aware of any
other EOL product having this type of rep but I am not familiar with the
totality of EOL products.

Please call me if you have any questions.  Thanks.

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


I don't know anything about this.  Sara

	Tana Jones
	08/01/2000 01:14 PM

		 To: Brent Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert
Bruce/NA/Enron@Enron
		 cc:
		 Subject: assignment of deals from Merchant Energy Group of the Americas to
Morgan Stanley

Is someone from our group working on this?
----- Forwarded by Tana Jones/HOU/ECT on 08/01/2000 01:14 PM -----

	Tracy Ngo
	08/01/2000 07:48 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: assignment of deals from Merchant Energy Group of the Americas to
Morgan Stanley

Tana,

Before Carol St. Clair left for maternity leave, she was working on the
assignment of some financial and gas deals with Christopher Smith (who
previously worked in our group).  Since Christopher is no longer here and
with Carol being out, I'm scrambling to find out who in the financial team is
working on this.

I've left Mark Taylor a message since Carol's voice mail forwards all
questions to Mark.

Could you let me know if you have any info?

Thx,
Tracyh


Guenther:

Thanks for the response.  I'll wait to hear from Richard Sage as to who owns
the information.
Only officers at the VP level or higher may execute binding contracts for all
Enron U.S. companies (bylaws).  I do not know the "rule" for non-U.S.
companies (although I suspect the articles of association would contain that
information).

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

	Guenther Klar
	02/16/2001 08:24 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Janine Juggins/LON/ECT@ECT, Richard Sage/LON/ECT@ECT, Denis
O'Connell/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 Subject: Re: Confidentiality Agreement with Scana

Sara

You are right about the tax issue - in fact, we are in the process of
replacing the UK directors and officers of Enron Credit Inc with US directors
and officers.

The entity that signs up to the confidentiality agreement ought to be the one
that owns the information to be supplied.  Based on conversations I have had
with Richard Sage, I had formed the impression that the owner of the
information was Enron Credit Ltd.  If this is right, we should pursue your
first suggestion.  Otherwise, given that the tax issue is being rectified and
this should therefore be an isolated incident, I think we can wear the tax
risk inherent in your second suggestion.  Though I do wonder whether an
officer of Enron Credit Inc, such as Richard Sage (currently), could sign,
rather than a director?

Kind regards

Guenther Klar