Congratulations!
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/28/2000
11:49 AM ---------------------------
 Office of the Chairman
From: Office of the Chairman on 08/28/2000 10:19 AM
To: All Enron Worldwide
cc:
Subject: EES Organizational Announcement

Enron Energy Services has created explosive growth in the retail energy
business.  To advance EES, leadership position and to rapidly expand the
reach of its energy management services, the company is forming four new
business groups and promoting several key individuals.

EES continues to see an ever-increasing demand for energy management services
in North America, with interest coming from a growing number of customer
classes.  EES North America, headed by Marty Sunde, President and CEO, has
been established to bring outsourcing, commodity and mid-market solutions to
industrial and commercial customers in North America.  Harold Buchanan and
Jeremy Blachman have been named co-Chief Operating Officers of the group.

EES Europe is responsible for energy outsourcing across Europe, as well as
rapidly growing mid-market business (Enron Direct, Enron Directo) and heavy
industrial business (ETOL).  Matthew Scrimshaw, President and CEO will lead
this group.

As EES and Enron,s customer base grows, world class execution capabilities
and customer relationship management skills are required to maximize value.
Global Energy Services, headed by Dan Leff, President and CEO, is being
established to manage execution, delivery, operations & maintenance, account
/ customer management and contract value enhancement of Enron,s asset and
energy outsourcing activities worldwide.  This group will include Enron
Facility Services (EFS), led by Joe Earle, President & CEO and Operational
Energy Corporation (OEC), led by Mark Dobler, Vice President.

EES continues to see additional opportunities for business that will benefit
from the growth of its energy outsourcing business.  To manage and develop
these new business opportunities, EES New Business Ventures has been
created.  Mark Muller, President and CEO will lead this group.

All four new business leaders will report directly to EES, Office of the
Chairman, Lou Pai, who will continue as Chairman, and Tom White, who will
continue as Vice Chairman.  In addition, Kevin Hughes, Vice President and
Chief Accounting Officer, Vicki Sharp, Managing Director and General Counsel,
and Beth Tilney, Managing Director of Marketing, HR and Customer Satisfaction
will continue to report to the Office of the Chairman.

Please join us in congratulating these individuals.


This is some of the data that we need...
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/22/2001 09:35 AM
---------------------------

Beth Apollo
01/19/2001 10:31 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Quick note

Sorry I missed you yesterday  -- I tried a couple of times to catch you, but
you were always in a meeting.

I will see you on Monday the 29th.  If anything comes up next week, I can be
reached at my new temporary home (mother in-laws)  713 520 0766

Also  -- I believe Fernley has passed the Merit raise part of this year end
comp review over to you, so I thought I would give you the facts.

Base salary $165,000
Foreign Adjustment  $30,000     these two items will go away on Jan 28th  ---
and I am left with the base salary
Car Allowance           $12000

total regular pay     $207,000

also  -- they have had me on a 2 year contract  (not sure if they do that in
Houston, but I am willing)  which had some annual cash kickers)

We can discuss when I get there, but in case you need it next week, just
thought it couldn't hurt.

Looking forward to a fresh start and new challenges.

see you soon

Beth


Paul, thanks for the note... do we have a position with these guys today either in the form of MTM or payables/receivables?

Like everyone else, the street continues to pick it's spots on new dealings with us but I wouldn't mind knowing what our existing exposures are to them.

BT

 -----Original Message-----
From: 	Lucci, Paul T.
Sent:	Tuesday, November 20, 2001 4:53 PM
To:	Tycholiz, Barry; Whitt, Mark
Subject:

As you all understand the state of our trading condition, this email is to inform you of another two counter parties who have explained to me why they cannot do business with us at this time.  Dominion E & P and England Energy will no longer sell us gas, until they see clear direction and can accurately predict the outcome of the Dynergy/Enron merger.  They both wish us good luck and wanted to say this is strictly a business decision and that they would want to continue business once we get things resolved.  I'm sure you both are seeing this type of thing first hand.

I feel like I'm back in high school trying to date without a car.  They said it then like they say it now, "it's not you Paul, we just feel we would be better off if we found someone new."

Paul

PS  I have signed the document and have Fed Ex'ed it back to Houston.


Dear General Counsels:

On Monday, May 21, 2001, our two summer associates, Chike Okpara and Reginald Sewell will begin their summer rotation program with Enron.

As you know, both of these gentlemen have just completed their first year of law school at the University of Texas School of Law.

Our summer program is for twelve-thirteen weeks beginning on May 21, 2001 and ending on August 17, 2001.  Since school begins on August 20, 2001, I anticipate that each student may wish to end his rotation during the week of August 13, 2001, thus leaving time for a brief vacation to be taken before school starts.

Mr. Okpara's rotations are:

	May 21, 2001 through June 15, 2001		Corp. Legal/ETS Legal Dept.

	June 18, 2001 through July 13, 2001		Enron Global Finance Legal Dept.

	July 16, 2001 through August 17, 2001		Enron Wholesale Services Legal Dept.

Mr. Sewell's rotations are:

	May 21, 2001 through June 15, 2001		Enron Global Finance Legal Dept.

	June 18, 2001 through July 13, 2001		Enron Broadband Services Legal Dept.

	July 16, 2001 through August 17, 2001		Enron Energy Services Legal Dept.

Mr. Okpara and Mr. Sewell will attend New Hire Orientation on Monday, May 21, 2001.  I will be at New Hire Orientation to meet and greet them.  I will also present the Enron Code of Ethics.  New Hire Orientation ends at noon.  Following New Hire Orientation, I will take Mr. Okpara and Mr. Sewell to lunch.  I anticipate introducing them to their first respective rotations at 2:00 pm on Monday, May 21, 2001.

I have sent their resumes to you under separate cover.

Thanks so much for your participation in this program.

Please call me at 713-853-7224 if you have any questions.

Thank you.

Sharon


Nick,

Your mark-ups look fine.  Please send the PSA to my attention at

11200 Westheimer, Ste 330
Houston, Texas 77042

Thanks,
Eric

-----Original Message-----
From: Nick.Cocavessis@enron.com [mailto:Nick.Cocavessis@enron.com]
Sent: Wednesday, February 28, 2001 3:13 PM
To: ERIC ROMERO
Cc: Ken Loch; Gerald.Nemec@enron.com
Subject: Re: FW: Enron rate sheet

Eric,

I appreciate the brevity of the revised rate sheet.  I marked it up to
reflect our desired changes.  I also requested our Attorney, Gerald Nemec,
prepare the Professional Services Agreement so we can begin utilizing your
resources.  Please note a "Tasking Letter" describing the scope of work and
estimating the cost will be required prior to PCS performing the work.

Thanks,

Nick, 713-345-8273
(See attached file: PCS-Enron Rate Sheet 11-00.doc)


Dude,

Thanks for everything last night. I know Cameron had a great time. Do you
want me to help you collect funds for dinner? Also, thanks especially for
reminding me to give a toast; I had totally spaced! That was fun at Rite
Spot, too.

I hope today is not too painful.

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


Michael's and my e-mails crossed.  Rod, please follow his procedures on
costs.  Thanks.


Please join us for a farewell party for
Kristian & Monica Lande
TODAY
5:00 PM

OBA
555 NW 12th
503-228-6161


Niamh Clarke, Chris Mahoney, and Per Sekse are in Enron Global Markets.  You
have them in the wrong business units.  Thanks for correcting.

Jeff

Cindy Olson@ENRON
01/02/2001 02:54 PM
Sent by: Kathy McMahon@ENRON
To: Charlene Jackson/Corp/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Dan
Leff/HOU/EES@EES, David W Delainey/HOU/ECT@ECT, Scott Yeager/Enron
Communications@Enron Communications, Greg Piper/Corp/Enron@Enron, James L
Noles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janet R Dietrich/HOU/ECT@ECT,
Richard DiMichele/Enron Communications@Enron Communications, Jeffrey A
Shankman/HOU/ECT@ECT, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
John J Lavorato/Corp/Enron@Enron, Joe Gold/LON/ECT@ECT, Joe
Kishkill/SA/Enron@Enron, Kevin Hannon/Enron Communications@Enron
Communications, Marty Sunde/HOU/EES@EES, Shawn
Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael Kopper/HOU/ECT@ECT,
Paula Rieker/Corp/Enron@ENRON, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Dick
Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Rob Walls/NA/Enron@Enron, Rod
Hayslett/FGT/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wes
Colwell/HOU/ECT@ECT
cc:
Subject: Confidential- Year End 2000 Promotion Nominations to VP

Attached for your information and consideration are the year-end 2000
promotion nominations to the VP job group which have been received to date.

Should you have additional promotion nominations, please address them to Gina
Corteselli on the PEP PRC team, and they will be incorporated into the
materials for the upcoming  PRC meetings.  We would appreciate receiving
additional nominations no later than close of business 4 January.


Re:  CHAPTER 11 REORGANIZATION
        FINANCIAL REPORTING REQUIREMENTS

Many people have questions regarding how Enron will be operating under Chapter 11 bankruptcy proceedings.  This memo addresses the financial reporting requirements Enron will have to its various constituents.

During the reorganization, the Company will continue its GAAP reporting, with a breakout of pre and post petition liabilities, as well as historical management/operational reporting, consistent with past practices.

In addition, the Company will have an added responsibility to report cash flows to the bankruptcy court and its various constituents.  Specifically, Enron will  be required to report projected cash receipts and cash disbursements by business unit on a weekly basis.  The court and our new debtor-in-possession ("DIP") lenders require a rolling 13 week projection of cash flows plus monthly projections thereafter to obtain a full year of projected cash flows.  The budgeted weekly projections will then be compared to actual results to determine how well each business unit is operating compared to the projections.  The weekly and monthly forecasts will be adjusted each week pursuant to revised or improved information on forecasted cash flows.  Thus this process will be an ongoing one, with constant updating of information to ensure we generate the most accurate reports possible.

The initial weekly and monthly projections will be critical to the determination of the amount that the DIP lenders will be willing to make available to the Company.  In addition, the cash flows for the entities that are included in the bankruptcy proceedings will be utilized by the bankruptcy court and DIP lenders to constantly review and react to the cash flow situation at Enron.  However, all Enron business units (not just ones in bankruptcy) will need to conform to these new requirements, because additional entities are likely to be included in the bankruptcy filing and because it is extremely important for Enron management to be able to see the totality of cash flow requirements for the entire Company.

The weekly cash flow projection project will be overseen by Mike Deville (x 57852) and Greg Adams (x 33887).  In addition, Enron has retained Batchelder & Partners, Inc., a financial advisory firm, to assist us in this and other reorganization efforts.

We will be having a group meeting with the CAO's and/or their designees from the various business units responsible for the cash projections on Wednesday, December 5 at 2:00 PM in the Boardroom on the 50th floor to further explain this process and answer any questions you may have.  We will then be meeting on an individual basis with the business units to discuss specific business unit requirements.

Attached is a template of the financial statement projection format that will be required .  Please review this template in advance of the Wednesday meeting to determine any questions you have on the reporting format.  Obviously the requirements may change, which will require us to reformat and/or obtain additional information on short notification.

Thank you in advance for your cooperation.  We look forward to your attendance on Wednesday.


What type of industrial.  ie Chemical, Fertilizer etc.


Dear Mr Kaminiski

I am a Graduate Student majoring in Industrial Engr and Operations
Research at the University of California Berkeley. When you came for a
seminar talk in our department, I spoke to you regarding my interest in
working with your group as a Summer Intern followed by a full time
position. I am sending you my resume with this mail.

I have several accomplishments in my academic life, that includes 3
publications and some awards and I am receiving Full Scholarship from the
University for my Graduate Studies. It would be really nice of you if you
can give me a candid appraisal of my chances with the present background
that I have in the fields of Supply Chain Mgmt. Logostics Optimization
Decision Support Systems.

I am looking forward to hearing from you and working with your group in
Enron.

Thanking You
Yours Sincerely
Srijay

SRIJAY GHOSH

--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Office Address                              |  RESIDENCE ADDRESS      |
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Graduate Student                            |  2207 Sacramento Street |
4135 Etcheverry Hall                        |  BERKELEY, CA 94702     |
Industrial Engr. and Operations Research    |  U S A                  |
UNIVERSITY OF CALIFORNIA, BERKELEY          |                         |
CA 94720,  U S A                            |  Ph No 1-510-8482895    |
                                            |        1-510-8482870    |
Ph No 1-510-6432527                         |                         |
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

***********************************************************************
* * *   * * *  L E T    T H E R E    B E     L I G H T   * * *    * * *
***********************************************************************

 - intern.doc


Krishna

He wants to meet at 8:30 Friday.

Who can join me for this meeting?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/15/2001
09:01 AM ---------------------------
From: Richard L Zdunkewicz@EES on 02/14/2001 03:29 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Craig H Sutter/HOU/EES@EES, Cheryl Brashier/HOU/EES@EES
Subject: Termination Payments-EES Energy Outsource Agreements

Vince, attached is a very brief white paper on the issue of termination
payments for facility closures and sales.  I would like to discuss this
concept with you and some of your people in the coming days to establish
whether this has merit and how we might proceed.  My assistant, Cheryl
Brashier, will set up some time with you.

Thanks.

Richard


See highlighted portion.  We should throw this back at Davis next time he
points the finger.
*****************************************************************

The controller's criticism of fellow Democrat Davis won support from
> Assembly Republicans and Secretary of State Bill Jones, a Republican
> considering challenging Davis next year.
>
> Jones said he wants to announce his own plan to solve the
> state's energy woes, but can't unless Davis releases more financial
> details. He said his plan may involve giving the utilities low-interest
> loans with their transmission lines held as collateral.
>
> Davis spokesman Steve Maviglio dismissed the criticism.
>
> "Political grandstanding doesn't generate one more kilowatt of energy for
> California in this time of emergency," he said.
>
> Maviglio said the administration has released the financial
> information it can without jeopardizing negotiations for long-term power
> contracts with wholesalers.
>
> -- Associated Press
>
>
>


Who is the exact corporate parent of Mavrix?  I think I saw an email that
said ETS, but I don't think ETS is a corporate entity.  Is it Enron Pipeline
Company?  Please let Bob and me know.  Thanks.  df


This PPA has a good overview of scheduling of power (no gas element), and was
fully vetted with the power group.

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/22/2001 04:32
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           09/20/2000 03:54 PM

To: Heather Kroll/HOU/ECT@ECT
cc:

Subject: Virginia Power contract


-----Original Message-----
From: 	"Troutman, Preston" <Preston.Troutman@ElPaso.com>@ENRON
Sent:	Monday, November 19, 2001 1:16 PM
To:	Concannon, Ruth
Subject:	Proposed Rates for TGP's Rio Bravo Expansion

Proposal - Rio Bravo
Type of Service:	FT-A

Transportation Quantity ("TQ"):	95,000 Dth/d

Term:				15 years from commencement of service

Primary Receipt Points(s):	Mutually agreed upon points located south of
Tennessee's Compressor Station 1

Primary Delivery Point:		A new interconnect with a proposed open
access pipeline in Mexico located approximately 9.6 miles southeast of
Tennessee's Alamo Compressor Station

Negotiated Demand:	Years 1-10		Years 11-15
	$0.0975 per Dth/day		$0.0975 per Dth/day

				The Negotiated Demand Rate is applicable to
Primary Receipt Point(s) and Secondary Receipt Point(s) for delivery to the
Primary Delivery Point.
				The Negotiated Demand Rate is inclusive of
all applicable surcharges specified in TGP's currently effective FERC
approved gas tariff ("TGP Tariff"). The Negotiated Demand Rate shall also
apply to any Primary Receipt Point amendment(s) effectuated in Zone 0,
provided the amended Primary Receipt Point is south of Tennessee's Station
1, except as otherwise mutually agreed upon by both parties.

Negotiated Commodity Rate  1:	Years 1-10	Years 11-15
	$0.0050 per Dth	$0.0150 per Dth

				Negotiated Commodity Rate 1 is applicable to
the Primary Receipt Point(s) and Secondary Receipt Point(s) located south of
Tennessee's Station 1 for delivery to the Primary Delivery Point:

Negotiated Commodity Rate  2:	Years 1-10	Years 11-15
	$0.0250 per Dth	$0.0350 per Dth

				Negotiated Commodity Rate 2 is applicable to
Secondary Receipt Point(s) located north of Tennessee's Station 1 for
delivery to the Primary Delivery Point.

Other Conditions:		Shipper shall pay the applicable fuel and
loss charges according to the currently effective TGP Tariff.

				The total amount of Primary Receipt Point
capacity and Primary Delivery Point capacity shall be equal and the capacity
amount will equal the TQ described above.

				TGP shall apply the maximum applicable
commodity rate under Rate Schedule FT-A, as well as the applicable fuel and
loss charges and surcharges, to any Secondary Receipt and/or Secondary
Delivery quantities that exceed the contract TQ specified above at any one
time.

				The maximum Primary volume combined with
Secondary Receipt volume to which the Negotiated Commodity Rate applies is
90,000 Dth/day.

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


ATTORNEY CLIENT PRIVILEGE
CONFIDENTIAL COMMUNICATION
ATTORNEY WORK PRODUCT

Tom -

Here is a quick opinion Sullivan and Cromwell issued regarding the sale of equity interests in a CL company to competitors in the marketplace and the general feeling relating to antitrust issues.  I have also attached a copy of a presentation that I recently gave on the topic for your information.

Let me know if you should need anything further.

Mark

 -----Original Message-----
From: 	Raislerk@sullcrom.com@ENRON [mailto:IMCEANOTES-Raislerk+40sullcrom+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, June 28, 2001 3:50 PM
To:	Greenberg, Mark
Subject:	CommodityLogic

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - Memo to Greenberg re CommodityLogic.doc


When: Wednesday, October 17, 2001 9:00 AM-9:30 AM (GMT-08:00) Pacific Time (US & Canada); Tijuana.

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

The current plan is to not have a separate Enron witness but to participate with a group of marketer/generators.  The planned speaker on behalf of this group is Richard Tabors.  I would like to caucus with you to make sure we're ok with this.


My response does not change -- City of Huntsville, AL is not approved to
trade US power.

LEslie

	Tana Jones
	08/10/2000 11:43 AM

		 To: Frank L Davis/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT
		 cc: Leslie Hansen/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 Subject: Counterparty Names-Cities and Counties

In the future, if we have a city or a county come through, we need to
identify the state they are located in as part of the counterparty name.  The
City of Huntsville is an example where I took it to be the the City of
Huntsville, TX, and, per my conversation with Tom today, it appears they are
the City of Huntsville, AL.  This isn't going to be a problem with my
financial approval, since I shut down all cities for financial unless we have
a master in place, but it might be a problem for power.  The same would apply
to counties.

So, if we get cities and counties in, let's try and make the state part of
the counterparty name.

 Leslie, do you have any problem w/Huntsville, let me know?


Okay.  I've already drafted some Marketing Strategy stuff that Steve's reviewing.  Let me know when you want to get together to discuss.

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Friday, March 01, 2002 2:01 PM
To:	Donoho, Lindy
Cc:	Harris, Steven; Hayslett, Rod; Geaccone, Tracy
Subject:	TW business plan

Lindy:
The next parts that we will need some help on in the TW business plan is -

1) Risks - contract rolloffs and competitive threats
2) Growth opportunities (e.g. TransPecos, Sun Devil and the Bakersfield projects)
3) Marketing strategy

I have attached an updated Business Plan. Please insert your thoughts in the appropriate section - it may be helpful to talk about it first!
Thanks,

Kevin

 << File: TWBusPlan3a.doc >>


Attached is a Blakes summary of the Market Surveillance Administrator's
report on Power Pool of Alberta Prices regarding its impact on Project
Stanley.

Regards,
Peter

---------------------- Forwarded by Sharon Crawford/CAL/ECT on 11/06/2000
09:01 AM ---------------------------

"PAT MCGUINNESS" <pat.mcguinness@blakes.com> on 11/03/2000 11:31:29 AM
To: "GLENN LESLIE" <glenn.leslie@blakes.com>, "MARK MORRISON"
<mark.morrison@blakes.com>, "WEB MACDONALD" <web.macdonald@blakes.com>,
<Peter.Keohane@enron.com>
cc:
Subject: LESLIE, MACDONALD & MORRISON (MARKET SURVEILLANCE ADMINISTRATOR'S
REPORT.DOC

See attached memo.

 - LESLIEMA.DOC


Everyone:

I forgot to mention, these are due today.  Comments back as soon as possible
are appreciated.

Sarah

	Sarah Novosel
	12/13/2000 11:17 AM

		 To: James D Steffes/NA/Enron, Joe Hartsoe/Corp/Enron, Susan J Mara/NA/Enron,
Jeff Dasovich/NA/Enron, Richard Shapiro/NA/Enron, Steven J Kean/NA/Enron,
Richard B Sanders/HOU/ECT, Stephanie Miller/Corp/Enron, Christi L
Nicolay/HOU/ECT, Mary Hain/HOU/ECT, pkaufma@enron.com, pallen@enron.com
		 cc:
		 Subject: Enron Response to San Diego Request for Gas Price Caps

Please review the attached draft Enron comments in response to the San Diego
request for natural gas price caps.  The comments reflect Becky Cantrell's
comments (which are reflected in red line).  Please respond to me as soon as
possible with your comments, and please pass it on to anyone else who needs
to see it.

Thanks

Sarah


I do support the change.  Let me know what I can do to help.  You are
correct: this is the way we handle regulatory counsel in other regions,
particularly the US.  What Derrick and I have agreed with regard to counsel
selection is:  gov't/reg affairs picks the counsel we want to use and he
retains a veto, which has rarely if ever been exercised.  Once we have
retained counsel we will use that counsel on other regulatory projects unless
the legal department starts to have a problem with the firm (eg because they
represent someone against us in litigation).  Again, I don't recall this ever
being an issue.  It seems to work:  outside counsel gets the message that we
will look dimly on any firm that squares off against us and we select the
most qualified counsel on our issues.

Mark Schroeder@ECT
09/01/2000 06:18 AM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: 2001 budget

You should be receiving today a copy of my draft budget proposed for Enron
Europe for 2001.  I understand from Nick that they are doing their own budget
for Enron Japan, which I will see only after the fact.

MOST IMPORTANTLY, you will see that I am budgetting to pay a substantial sum
for legal fees.  I will be proposing to John Sherriff, Michael Brown (our new
COO and former General Counsel, which will make my proposal doubly
problematic), and to Mark Evans (current General Counsel) that I pay/manage
our outside regulatory counsel.  We can discuss (rather than do a lengthy
e-mail), but having this function managed by Legal (and Houston/Jim Derrick
rejecting our choice of counsel in important cases), is increasingly a
problem.  I believe this will mirror what you do in the USA, e.g., Dan
Watkiss, and hope that I can count on your support for this change.  thansk
mcs


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 04/27/2000
08:08 AM ---------------------------

	Enron North America Corp.

	From:  Donna Greif                           04/26/2000 05:37 PM

To: Edward Terry/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, George
Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc:
Subject: CES deals

FYI
---------------------- Forwarded by Donna Greif/HOU/ECT on 04/26/2000 05:36
PM ---------------------------

	From:  Dana Daigle @ ENRON                           04/25/2000 03:46 PM

To: David Oliver/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Donna
Greif/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc: Kathryn Cordes/HOU/ECT@ECT
Subject: CES deals

Here are the deal that I have completed today.  The numbers in bold are
hedged and need to be split.

Old Deal #  New Deal #  Desk
142002  251833  East
145075  251851  East
144936  250498  Texas
226138  250600  East
226763  250668  East
135842   250703   East
164669   250751   East
227727  250893  East
168454  250932  East
136933  251129  East
136880  251212  East
143673  251257  East
163815   251280   East
136286  251357  East
136287   251394   East
219685  251410  East
158625   251864   East
135895  251619  East
135958  251624  East
164708   251631   East
226538  251641  East
134755  251650  Central
144917  251659  Texas

Thanks for you help!
D


Thanks see you at 4
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Trina:
This looked fine.  My only comment is in the Contingent Adjustment Amount, is
it clear to you what the term "Shares" covers?

Carol


Please ask Ken to sign the following.  But, in the Advisory Council letter
delete the reference to the December Board meeting and check with Ken on
whether he still plans to brief the Enron Board at the December meeting (I
believe he talked to Kelly Kimberly about this).
----- Forwarded by Steven J Kean/NA/Enron on 11/01/2000 04:10 PM -----

	Susan Worthen@ENRON_DEVELOPMENT
	10/31/2000 10:37 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron
		 Subject: Ken Lay Draft Letters

Steve,

Per our meeting yesterday, attached are the draft letters from Ken Lay to the
Board and Advisory Council.  l will deliver a box of Annual Reports today so
that they can be delivered to Rebecca Carter once the letters are signed and
returned to you.

Please call me if there are any questions.

Susan Worthen
Director
Environmental Compliance, Enron Corp
713/646-6579  713/345-6164 fax
3AC 1525


Hi Karolina,

The last word I got was that Grant Masson was still coordinating the contract
and would be the person to talk to about getting a copy of the license.  I
checked to see if I had an electronic copy somewhere, but couldn't find
anything.  I suspect my copy was paper, and it would have been returned to
Grant when I went back to Portland General Electric.  Probably didn't speak
to the situation in London, anyway, because the real interest in London
didn't arise until after I would have gotten my copy.

Grant is transitioning to his new job with El Paso in London, so if you have
difficulty reaching him, check with Vince Kaminski, or if Vince is
unavailable, Shriley Crenshaw.  Shirley may know the person in Enron Legal or
Contracts Admin. who worked with Grant on the Henwood license.

Of course, Eric T. would have a copy.  If you run into problems with Houston,
have Eric send you a fax.  (The license is relatively short as contracts go.)

Hope this helps,
Michael

>>> Karolina Potter/LON/ECT@ENRON 10/18/00 07:44AM >>>
Michael

Two weeks ago I attended HESI Client Symposium followed by Advanced PROSYM
course in Sacramento.  During that time I had an opportunity to get to know
several people from both Henwood Energy Services support and development
groups.  One of them was Eric Toolson - Head of Client Support in HESI, with
whom I discussed some issues in regards to our liaison with London based
support team.  I agreed to meet up with Simon Crisp back in London to agree
on a form of our working relationship.

Before I go to the meeting I would like to find out the following:

the text of Enron's PROSYM license
what service we are entitled to based on the license

I am not sure if you are the person to ask about the above but if you could
help me by either providing the license or directing to the appropriate
person within Enron it would be much appreciated.

Many thanks

Karolina


Daren,
I get a Labor Distribution report and show that Kenneth Seaman is showing as
being active for payperiod 1 and 2 in February.  If he was not here for this
time period please verify that you are not being charged any payroll dollars
for him.
Lisa


Mike,
WE NEED TO TALK. I won't take much of your time.  Please call me before our
Monday meeting (in evening at home is OK if that is best for you):
Home-713-526-6833; Cell.-713-417-7175.
Lea
----- Original Message -----
From: <Mike.McConnell@enron.com>
To: <lfastow@pdq.net>
Cc: <Jeffrey.A.Shankman@enron.com>
Sent: Tuesday, February 06, 2001 12:02 PM
Subject: Re: Fw: Enron - public collections

>
> Lea,
>
> You called yesterday.  I am swamped and unavailable.  On Jeff Koons, I am
> sure that Jeff talked with you last week and he shared his insight from
> other dealers at your dinner and his comments.  It sounds like we should
> let him go and not pursue.  I was going to talk with Skilling that day and
> elected to drop it after that.  See you on Monday.
>
> Mike
>


The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000042540&Page=MyReq.


We finally got your postcards this week.  Sandra was excited to receive them.
It sounds like your having a blast in Asia.  I have always wanted to visit
that part
of the world.  I have some friends that are moving to London in January, so I
guess
that will have to be the first trip I take.

On a different note, this wednesday was a bit like a stick in the eye.
However, there's
always next week.

Robin's last name is now Zivic, so her new handle is Rhonda Zivic (Honda
Civic).

That's it for now.

E.B.

Eva Pao <epao3@yahoo.com> on 10/31/2000 04:28:27 AM
To: Andrew.H.Lewis@enron.com
cc:
Subject: lewpy email

right...
i did write more, but i don't think it went through.
anyway, just got back from asia.  after thailand, i
went to singapore (bright lights, big city), malaysia
(resort in the south (note: resorts not fun during
monsoon season), and cambodia (worth the visit, esp if
not harassed by customs officer).  all in all, i would
say that the best place i went to was Chiang Mai,
Thailand.  Thailand, as a whole, is the kind of place
that i would visit many times.

hope all is well at big E.  hope weds are treating you
right.  what is better than...?

EP
--- Andrew.H.Lewis@enron.com wrote:
>
> Hey Eva,
>
> Got your message, was waiting for you to write more.
>  I'll have to check
> with Sandra, but I haven't heard her say if she got
> your postcards.
>
> Robin came back from her honeymoon and you can't
> tell when she's blushing
> she's so red.
>
> The last two AGA's have been great.  One was a 40
> cent move and the other
> was 20 cents (what's better than Wednesdays?).
>
> That's it for now.
>
> Must go see Suey.
>
> - Big Lew
>

__________________________________________________
Do You Yahoo!?
Yahoo! Messenger - Talk while you surf!  It's FREE.
http://im.yahoo.com/


Room # is 50M03


Well, wouldn't you know it.  I couldn't find the most recent version in my
email.  But here's the 10.03 version with a few edits.  Couple of other
points:

I still very much like the idea of taking the table out and includling as an
attachment.
I still think that the table doesn't explicitly address an option Rick may be
thinking about "Maintain presence with fewer resources."  Think it's
something we need to focus on.

Have a great weekend.

Spreadsheet to follow.


Tom,

The graphs attached are formatted the same as the sample set I sent you
earlier. As of today, Desert Sky 10-minute data has not been uploaded for
June 2002 yet, and the data for Jan is nonexistant, so the graphs go from Feb
to May 2002.

If you have questions or comments let me know.

Mark


Drew, Steve Harris said this morning that Susan was out today.  I will be out
Monday and Tuesday next week.  Let me know, if want to meet anyway.

Keith

	From:  Drew Fossum                           12/01/2000 08:30 AM

To: Susan Scott/ET&S/Enron@ENRON
cc: Keith Petersen/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON

Subject: Gallup

Lets talk today, susan.  I need to satisfy myself that this is really one of
those "shit happens" situations like everyone seems to believe, rather than a
situation where we may have a cause of action and some $$$ owed to us by
someone.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/01/2000
08:25 AM ---------------------------

Keith Petersen
12/01/2000 08:08 AM
To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Gallup

The note below was a portion of Terry Galassini's Weekly Report.  I wasn't
sure if either of you have been a part of the test information.

**Gallup Compressor Station & Mainline Expansion
A field test was completed and initial results indicate a compressor
efficiency around 80 - 82% which is within Cooper's guarantee.  A not to
exceed cost of $3 Million was provided to Marketing for station modifications
to facilitate an incremental mainline (West of Thoreau) firm capacity of 10
MMcf/d.    Additional work by E&C to fine tune the not to exceed estimate is
targeted for completion by December 8th.  The mainline expansion potential is
directly related to Gallup since the discharge pressure must be increased to
970 psig to achieve an additional 10 MMcf/d on the mainline.  The San Juan
Lateral firm capacity would remain at 850 MMcf/d.


Per my meeting with Rose, Lisa, Herman and Billy this afternoon, here is
another draft for review and approval by finance and accounting.  I'm
attaching a redline (from the outside counsel's last draft) and a clean copy.


Shall we buy this?

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/30/2001 09:44 AM -----

	"Dan Douglass" <douglass@energyattorney.com>
	07/30/2001 08:38 AM

		 To: "Sue Mara" <susan.j.mara@enron.com>
		 cc:
		 Subject: Fw: Enron's Secrets Revealed

Sue, the attached was somehow sent to me....thoiught you might enjoy it!

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com
----- Original Message -----
From: "Global Change Associates" <pfusaro@nirvanasoft.com>
To: <edasilv@enron.com>
Sent: Friday, July 27, 2001 9:13 PM
Subject: Enron's Secrets Revealed

How has Enron managed to achieve such success while other energy firms have
struggled to deal with the changing market landscape?

Global Change Associates is pleased to announce the publication of a new
corporate profile entitled, "Enron 2001: An Inside View".  This objective
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and the keys to its success. Much of the information provided comes from
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? The firm's structure and operations
? The recruitment and training of new employees
? How Enron empowers and compensates its employees
? The keys to structuring Enron type "risk free" transactions
? How to negotiate with Enron
? Why Enron occasionally forgives counterparty obligations
? Is the Enron model right for your organization?

Enron 2001: An Inside View is a unique publication. It provides valuable
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To be removed from this distribution list, please reply with the word REMOVE
in the subject line.

 - Enron 2001TOC.pdf
 - Enron2001Order.pdf


Houston Ballet gives free performances of Copp,lia
at Miller Outdoor Theatre in Hermann Park
8:00 p.m. Friday May 11, Saturday May 12, & Sunday May 13, 2001
sponsored by AZURIX and ENRON

Considered the great comedy of classical ballet, Copp,lia  tells the story of
a doll so enchantingly lifelike that she mesmerizes an entire village,
captures the heart of a young swain named Franz and inspires the eccentric
toymaker Dr. Copp,lius to attempt to transform her into a living, breathing
human being.

AZURIX and ENRON are Corporate Sponsors for Houston Ballet's Miller Theatre
performances, helping to present these free performances of Copp,lia to the
people of Houston.  Houston Ballet has a limited number of tickets for the
seated area each night for employees of AZURIX and ENRON.  These tickets are
available on a first-come, first-served basis by calling William at
713-535-3235 no later than 5 PM today .  (Please be aware that all unoccupied
seats are released at 10 minutes before curtain.)

Other, free, general public tickets for the seated area (max 4 per person)
are available at the Miller Theatre 11:30 a.m. - 1:00 p.m. on the day of
performance; for more information call 713-284-8351 for the Miller Theatre
ticket information line.  Tickets are not required for the lawn area.

About Coppelia
Copp,lia was first performed on May 25, 1870 at the Th,atre Imp,rial de
L'Op,ra, featuring choreography by Arthur Saint-L,on and music by L,o
Delibes. The work maintains a special place in the history of dance, serving
as a kind of bridge from the glory of the French Romantic ballet in the early
nineteenth century to the masterpieces of the Russian Imperial Theater at the
turn of the century. Writing in The International Dictionary of Ballet,
critic Karen Dacko analyzes the unique characteristics of the piece as
follows: "Copp,lia owes its longevity to its inspired, very danceable score.
But the ballet is also remarkable for its perennial appeal and for its
historical significance as Romanticism's grand finale and classical ballet's
prologue."
Copp,lia first entered Houston Ballet' repertoire in October 1974, in a
staging by Frederic Franklin (who also performed the role of Dr. Copp,lius),
and featuring scenery by Peter Farmer. In November 1979, former Royal Ballet
ballerina Anne Heaton re-staged the work for the company. When Houston Ballet
premiered its new production of the work in March 1992 featuring breathtaking
d,cor by Desmond Heeley, Carl Cunningham of The Houston Post wrote, "It would
be hard to imagine anything to cap the joyous, gentle, and glorious looking
new production of Copp,lia the splendidly prepared company of dancers and
musicians put forth Thursday evening on Wortham Center's Brown Theater
stage."    (The Houston Post, March 21, 1992)
Heeley's designs for Copp,lia never fail to enchant, most notably in the
second-act depiction of Dr. Copp,lius's workshop. The sampling of dolls on
display pay homage to the era when automatons, or mechanical toys, were the
rage in Europe -- and to Heeley's inexhaustible creativity. Among the
eye-popping toys featured in  the workshop are a huge astrologer with a
pointed hat and a robe covered in shooting stars and moons; a strongman with
a handlebar mustache and barbells; Puss n Boots; an acrobat hanging from a
trapeze holding the man in the moon; and a small ballerina dancing on the
back of a goat. In the first act, the vibrant reds, golds, and oranges of the
costumes worn by the peasants in the village conjure up a wonderfully
picturesque vision of nineteenth century Bavaria.


---------------------- Forwarded by Tana Jones/HOU/ECT on 01/14/2000 04:46 PM
---------------------------

Molly Harris
01/14/2000 04:42 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Brian
Hunter-Lindsay/LON/ECT@ECT, Coenraad Basson/LON/ECT@ECT, Bhautik
Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, David Weekes/LON/ECT@ECT, Sylvia
A Campos/HOU/ECT@ECT, Carrie Southard/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT
Subject: EOL Credit Responses 1/14

Please find attached Credit's EOL responses for 1/14/00.

Regards
Molly


If anybody's looking for some sunglasses, I just found a website that
has some badass glasses at a pretty good discount.  Anyway, just thought
I'd let you know...

Cheers,

--
Amir Cyrus Ahanchian
acahanchian@zdnetonebox.com - email
(512) 682-6996 ext. 1087 - voicemail/fax

___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com

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Date: Wed, 06 Dec 2000 21:52:15 -0800
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FILETIME=[DA387EE0:01C06011]

Hey Amir,

That sunglass company I was working for just put up a website at
http://www.afterlasik.com where they are selling amazing sunglasses.  They
are running a promotion for the first three weeks of December where the
glasses are in the $70-90 range (that's like 30% off).

The sunglasses are the best--better than Maui Jim, Oakley, and Costa Del
Mar.  And those cost about $120-150.  I sent a pair to my brother for
Christmas, and it was less than $80.

Thought I'd pass the deal around.  Speak to you soon,

Oren
______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com


To Market Participants:

At the Market Issues Forum yesterday, Jeanne Sole led the presentation on
Distributed Generation, presenting the initial ISO thinking based on recent
proceedings and feedback from participants.   In the context of the CPUC
proceeding on distributed generation, the ISO has identified ISO
requirements that should be clarified or revised to accommodate distributed
generation.    The ISO has scheduled a meeting on August 31 , in Folsom,
from 10:30 AM -3 PM  to discuss its initial ideas on
clarifications/revisions. The ISO invites entities interested in discussing
these ideas and other ideas related to distributed generation to attend.  It
is our schedule now to take this issue to the Governing Board in October.

The ISO will distribute information on its initial ideas along with more
information on the location of the meeting by Friday August 18.

Don Fuller

Director, Client Relations


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/06/2001
08:30 AM ---------------------------

	From:  Martin Cuilla                           04/06/2001 08:07 AM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject:

Phillip - Please do us a favor and play this often!


Attached is another list for approval.  Under the comments section, if it
says "declined" you do not need to review it because Credit has not approved
the counterparty to trade, if it says "division" it means that it is a
division, and Credit has already approved it to trade under the counterparty
name to the right, if it doesn't say anything, it means it has been approved
to trade and those are the counterparties you should be reviewing.
---------------------- Forwarded by Tana Jones/HOU/ECT on 12/07/99 01:12 PM
---------------------------

Molly Harris
12/07/99 11:08 AM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
Subject: Credit Approvals Week Ending 12/3

Frank

Please find our approvals from last week consolidated on the attached file.
This should be helpful in reviewing the activity.

Regards
Molly


Sara,

Thank you for your response,  unfortunately the document attached was
prepared for a power deal versus a gas deal.  Please let me know if you would
like me to update the appropriate language or if you rather send me an
updated template. i.e. (watts to mmbtu.)

Please advise.  Thank you - Janie

From: Sara Shackleton on 04/11/2001 10:55 AM
To: Janie Aguayo/HOU/ECT@ECT
cc: Melissa Ann Murphy/HOU/ECT@ECT
Subject: Re: Allegheny sample confirmation draft

Janie:  I prepared a format last week for Allegheny for use until the ISDA
Master Agreement is executed.  Let me know if you have any questions.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/11/2001 10:53 AM -----

	Sara Shackleton
	04/05/2001 02:46 PM

		 To: Kimberly Hundl/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Allegheny sample confirmation draft

Kim:  It looks fine, and, you should use this format until the ISDA is
executed.  We spoke with Allegheny this morning and they promise to execute
next week.

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

	Kimberly Hundl@ENRON
	04/05/2001 12:45 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Allegheny sample confirmation draft

Hi Sara,
Attached are the changes you requested.  Shall I begin confirming all
Allegheny deals on this form until the ISDA is complete?

Thanks for your help!
Kimberly Hundl x31647

From: Sara Shackleton@ECT on 04/04/2001 06:58 PM
To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Allegheny sample confirmation draft

Kim:

Attached are my comments.

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

	Kimberly Hundl@ENRON
	04/04/2001 10:43 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Melissa Ann Murphy/HOU/ECT@ECT
		 Subject: Allegheny sample confirmation draft

Hi Sara,
Ok, I think I have properly referenced the side letter in this confirmation.
Please let me know what changes should be made.

P.S. I am leaving at noon today, so if I haven't heard from you by then, I
will give you a call tomorrow morning.
Thanks!
Kim x31647


We had very successful media briefings in the US last week for Enron Credit.
Overall, the meetings and site demos were a huge success and all of the
reporters seemed
to genuinely benefit from the site demo of Enron Credit.  Below is a quick
recap of John Sherriff's and Jeff Kinneman's media briefing schedules, as
well as some additional notes and an article resulting from one of the
demos.

John Sherriff held briefings with reporters from the following publications:

DerivativesWeek
Dow Jones
Fortune Magazine
Bondweek
Investor's Business Daily
Financial Times
BusinessWeek

Jeff Kinneman held briefings with reporters from the following publications:

Risk Magazine
Institutional Investor
Wall Street & Technology
Derivatives Strategy
Pensions & Investments
Power Finance & Risk

We are already beginning to see results based on the demos.  As you know, Dow
Jones wrote
a story on Enron Credit following the site demo; the article appeared on
April 4, 2001. It is pasted below for your review. CFO.com also ran a story
on Enron Credit last week.
In the next few weeks we expect to see stories in Bondweek, BusinessWeek,
DerivativesWeek and Derivatives Strategy.

I will keep you posted on the European Briefings as well.

Thanks- Meredith

Enron Turns Internal Credit-Risk Tool Into New Product
By Christina Cheddar

08:15 ET
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
Of DOW JONES NEWSWIRES

  (This report was originally published late Wednesday.)

NEW YORK (Dow Jones)--With the number of corporate bankruptcies on the rise,
knowing the creditworthiness of one's customers is becoming more and more
important.
For Enron Corp. (ENE), the world's largest energy trading company, keeping
track of credit risk has always been part of doing business. That became
even more true with the company's launch of EnronOnline, its Internet-based
commodities trading network.
In order to deal with the accelerated volume and speed of transactions on
EnronOnline, the company developed a tool to help its own commercial traders
manage the credit risk.
Early last year, Enron rolled out this tool, Enron Credit, on a limited
basis. Gradually, the company expanded its use and scope. Last month, the
company re-launched Enron Credit in its current format.
Enron Credit tracks more than 10,000 companies, giving each a rating known
as the "Enron cost of credit ." The rating is expressed as an interest rate.

The Web site also provides news, a company's expected chance of bankruptcy
and other related information.
While much of this information is free to registered users, Enron also has
turned the product into a new revenue stream.
Users may download data into a spreadsheet and receive periodic updates for
a fee.
The site also can sell a user a "digital bankruptcy swap," which is a way to
hedge against credit exposure.
The price of the swap is determined by a rating Enron's staff assigns to a
company and the amount of credit exposure a company needs to protect
against.
For a supplier, the main advantage of a swap is that if a customer is unable
to pay due to bankruptcy, the supplier will be paid immediately.
According to Enron Europe President John Sherriff, the goal of Enron Credit
is to create a more efficient credit market by increasing trading liquidity.

The tool is important because "in just a short amount of time, a company's
credit can go from stellar to bad literally overnight."
At present, some analysts haven't factored in revenue from Enron Credit into
their earnings models. However, as the commodity markets Enron trades in
mature, it is possible the need for products such as Enron Credit could
increase.
-By Christina Cheddar, Dow Jones Newswires; 201-938-5166;
christina.cheddar@dowjones.com


THE FRIDAY BURRITO
"...more fun than a fortune cookie, and at least as accurate."

There is a hint of Autumn in the air.  I don,t know if it,s wishful
thinking, or if the seasons are really beginning to turn from our pale
summer into a Bay Area glorious Fall.  It,s premature, I know.  A few
fallen leaves, the start of schools, slightly longer afternoon shadows
... I,m jumping the gun.  I can,t wait for this summer to be over,
especially this summer.  The pounding never stops, and as I hear the din
of the cash register ringing with each climb in Southwest temperature, I
can barely keep track of all the hiccups which drive prices up: fires in
Montana restricting transmission paths, blown up interstate gas pipeline
in New Mexico, diminishing N-Ox credits for in-state power plants,
depleted inventory of hours of voluntary load interruptions for
commercial and industrial customers, credit limits restricting imports
of Canadian power into the Northwest and California, and BPA buying
about 1,000 MW to cover its short hydro position.

 I also get the willies every time another politician lambastes the
California restructured power industry.  I just want to end to the
summer, now, and start a two week Fall vacation ... anywhere, even in
Cleveland.

There are seven, count them, seven investigations into some aspect of
the wholesale power market out here.  Two days ago there were only six,
but FERC just added another yesterday in response to the Prez,s
request.  That means FERC has two, the PUC has two, the State Attorneys
General has two (one on the ISO Governing Board, and one on the in-state
generators), and one by the Electric Oversight Board.  If you don,t have
an ongoing study of the California Market, then you,re not hip.

All of these investigations, save FERC,s Section 206 Investigation, are
going to amount to near nothing.  A lot of wasted time and paper.  The
PUC and EOB studies have their conclusion sections all finished.  Now
they need some evidence to support their assertions.

And how are we holding up under all of this?  How are you doing?  I talk
to many of you throughout the week, and I know how frustrated you are.
I share your frustration.  You want to tell the public, the press, and
anyone in between the truth.  You want to lay out the facts.  You want
to show anyone who will listen that each interference into the market is
making things worse, not better.  The price caps, for example, are
damnable and screwing up the prices, much to the detriment of those
people for who price caps were supposed to be a protection against price
shocks.  Now they are receiving higher average prices.

The public isn,t going to listen to anything longer than a sound bite.
And let,s face it, when it comes to stellar public relations, our
industry is not known for turning in A+ performances, except for SCE.
Those guys seem to get their story in front of the public at every
turn.  I heard SCE is putting on their customers, bill, &Here is what
you would have paid if the rate freeze ended ....8.  But many of us in
the new power industry, borne from the loins of either the natural-gas
industry or nuclear-power business, learned the hard way that the best
response to a public inquiry is a two-block head start in front of an
angry mob.  Keep your head down, shut your mouth, and this too shall
pass.

I don,t buy that approach, at least not anymore.  That is, I don,t
believe we have anything to hide, or of which to be ashamed.  What
electric restructuring is about is correct, beneficial to the public,
and in everyone,s best interests.  Look at it this way, when they pat
the last shovelful of dirt on your final resting place, for what do you
most want to be remembered?  That you caved in to the political will of
others, or at a moment when you had the chance, you did what was right
instead of what was expedient?  I think the choice is easy, albeit laced
with sheer terror.  Those bland homilies I so diligently teach my kids
(e.g., tell the truth, do what is right, think of the big picture and
not just yourself) are a lot easier to speak than to live by.  So join
me and stand up for what you believe.  They can,t take away your pride,
not yet.

Here is this week,s line up.

>>> Things in the People,s Republic of California
 @@@ Excerpts from FERC,s Order on SDG&E Complaint
 @@@ The Development of a Super-Peak Block Energy Product

>>> The Mailbag: A Letter from My Friend, and A Response

>>> Odds and Ends (_!_)

 @@@ Finish the Story Contest
 @@@ October General Meeting
 @@@ What Makes Houston, Houston?

>>> Things in the People,s Republic of California
 @@@ Excerpts from FERC,s Order on SDG&E Complaint

President Clinton commented from the Rose Garden that good folks in San
Diego, retired, fixed-income, likely to vote for a Democrat, are making
choices between buying medicine or air conditioning their homes.  I call
this the Del Monica Beach lecture.  The Prez instructed the FERC to
investigate the situation in California, and FERC wasted no time.

In response to SDG&E,s August 2 complaint, whereby the utility asked
FERC to impose a $250 price cap on generators in the region, the FERC
responded in a way that I was hoping to see several months ago.  The
FERC slammed SDG&E on their complaint for lack of merit, and the FERC
also initiated an FPA Section 206 Investigation into the wholesale power
market in California.

Here are some of the juicy excerpts from FERC,s Order:

&In this order, ... , we are denying SDG&E's requested immediate
imposition of a price cap on all sellers in California.  However, we are
instituting consolidated hearing   proceedings pursuant to section 206
of the Federal Power Act to investigate the justness and reasonableness
of the rates and charges of public utilities that sell energy and
ancillary services to or through the California ISO and PX, and to also
investigate whether the tariffs and institutional structures and bylaws
of the California ISO and PX are adversely affecting the efficient
operation of competitive wholesale electric power markets in California
and need to be modified

&SDG&E concludes that the markets cannot be workably competitive if
sellers are able to exact prices that are considerably above levels that
would prevail in open competition, i.e., sellers are able to bid and
receive prices significantly above their marginal costs.  SDG&E also
argues that the hour-to-hour volatility in imbalance energy prices and
the erratic clearing price for ancillary services is an indication that
the market is breaking down when it is moderately stressed.

&While we find it appropriate to institute a section 206 hearing on
these issues, we cannot implement an immediate price cap of $250/MWh as
requested by SDG&E because there is no record before us to support such
an action.  ...  While the issues raised by this complaint are
important, the Commission has no basis to conclude that SDG&E's proposal
to place an immediate, arbitrary $250/MWh cap on the price that every
public utility seller of energy and ancillary services may bid into the
PX and ISO markets would satisfy this standard.  SDG&E has provided no
evidence to demonstrate that all potential sellers are able to exercise
market power, has not documented a single instance of a seller
exercising market power during times of scarcity, and did not attempt to
show that the conditions underlying the Commission's approval of
market-based rates for public utility sellers of energy and ancillary
services have changed.  Nor did it address specific market or
institutional  factors that may be causing rates to be unjust or
unreasonable.

&SDG&E asserts that the ISO's congestion management and market
structures are flawed and in need of overhaul. ... Furthermore, SDG&E
expresses its concern that, for a number of reasons, the congestion
management and market reform efforts being pursued by ISO stakeholders
will not produce  meaningful results.  SDG&E indicates that it is
prepared to work with the ISO to develop alternative reform proposals;
however, SDG&E's complains that the ISO stakeholder process has, in
SDG&E's judgment, been ineffective with respect to these issues.

&Various interveners contend that SDG&E's arguments are premature. ...
We agree with Interveners. ...  The reform efforts have been the subject
of extensive public review and comment and are nearing completion.
Accordingly, we reject SDG&E's arguments at this time.

&It is unclear whether SDG&E's failure to purchase hedging instruments
for its retail operations is due to state regulatory policies or its
business decisions.  A retail rate design that exposes consumers to the
volatility of commodity prices would be extraordinary, particularly when
consumers do not have the ability to receive or respond to price
signals.

&We are concerned that ... increasing level of market activity in the
real-time market raises significant reliability and economical concerns.
...  Historically, the ISO procures on a daily basis only the resources
needed for the operating day.  Not only does this procurement practice
put pressure on the grid operator to secure needed resources at the last
minute, but the practice is uneconomical.  Such spot-market purchases
are not subject to the ISO's  buyer's cap.  Furthermore, because the ISO
is the supplier of last resort for these services, when OOM calls are
made, suppliers realize that the ISO is in a must-buy situation.

&In an effort to address this problem, we direct the ISO to immediately
institute a more forward approach to procuring the resources necessary
to reliably operate the grid.  Specifically, the ISO should anticipate
the need for such additional resources based on  forecasted peak
periods.  We direct the ISO to factor these reforms into an analysis of
the need for and level of purchase price caps and to include this
analysis as support for any filing it makes to extend its purchase price
cap authority.8

In closing, WPTF is an intervenor in the case, and we hope to be very
active in the case through testimony, cross examination, the filing of
briefs, and reply briefs.

>>> Things in the People,s Republic of California
 @@@ The Development of a Super-Peak Block Energy Product

Several weeks ago, I discussed with the ISO their interest in developing
a new market for a block energy product that would be purchased in the
morning of a trade day, and be dispatched during the super-peak hours.
I challenged them to let the market participants develop this market
instead of the ISO doing the same.

At the August 1 ISO Governing Board meeting, I stated as the WPTF
position that we oppose price caps, but if the ISO Governing Board
insisted on going down the $250/MWH price cap route, we would do what
ever we could to help the situation and avoid the occurrences of Stage 3
alerts.  Whereas I didn,t think about the conversation on super-peak
block markets as being relevant to  the remarks before the Governing
Board, it became painfully clear soon after that we could, and should
work with the ISO to develop a new market through either APX or the
California PX, or both, to bring some order to the otherwise chaotic Out
of Market system.

This week, WPTF and the ISO had a joint meeting whereby both sides
discussed the merits of a super-peak block firm-energy product, and how
it could be instituted.  The meeting at the ISO, at which WPTF had many
of its members who either have generation in the State, or import power
into California, was for market participants and the ISO to discuss how
to bring more order and price transparency to the ISO's out of market
calls. The ISO reported that this summer, to date, the amount of money
spent on Out of Market purchases was about $100 million.  Last year the
total cost of Out of Market purchases was $1.7 million.

APX and CalPX, in response to our earlier discussions with them,
presented their proposals at the meeting.  The discussions which ensued
during the course of the presentations focused on how the ISO might
utilize a product/service to reduce the manpower requirements currently
needed to satisfy its out of market telephone calls, typically on short
notice, and the interest on the part of market participants to make bids
into either the APX or CalPX's proposed system for a super-peak
firm-energy product.

There were no  commitments made by any party, simply a willingness to
work together to alleviate the problems associated with finding
sufficient electric power during high demand periods with greater
transparency, more participants, and greater market efficiency.

We,ll keep you posted on our development of this market.

>>> The Mailbag: A Letter from My Friend, and A Response

Sometimes I share bites of our Burrito with fellow travellers, much as I
did last week when I sent my friend Mike Florio a copy of the story
called the Trial of Gow Jing.  Mike sent me a note that I would like to
share. He said I could.  I want you to read it and appreciate that there
are other people who share his view.  I also copied the response I sent
to Michael, a.k.a. Old Deuteronomy.

Michael wrote:

&I'm not going to attempt to complete your little melodrama [the
Gow-Jing story], but I did want to offer an observation.  In simpler
times, people knew the other people that they did business with, and
they typically lived in the same community.  If a merchant tried to
charge exorbitant prices for his products, even if he was the only one
in town who had the product in stock, he would face the wrath of his
fellow citizens.  This undoubtedly served as a constraint on such
behavior, even in the absence of a CPUC or FERC. Telling Mrs. Jones that
the loaf of bread she needs to feed her kids will cost her $50 would not
be a pleasant way to do business, and such things ordinarily did not
happen.

&In the modern global economy, of course, this personal aspect of doing
business has been almost completely lost.  And so has the restraint.  I
have no doubt that the folks who sell electricity are good people (jeez,
I know many of them), but they work in an environment where the end
results of their business decisions are invisible.  If Mrs. Jones can't
afford to run her refrigerator any more, that fact is at best dimly
perceived, and if so it is viewed as cause for some sort of social
program, not a reason why a merchant would alter his behavior.

&This is clearly not a case of socialism versus capitalism, because both
scenarios occur within the overall context of a capitalist system.  But
certainly something fundamental has changed, and not for the better in
my view.  Now everyone feels compelled to squeeze the last dollar out of
every transaction-- their jobs may even depend upon it-- and no one is
responsible for the end result.  Is this the kind of world we want to
live in???

&PUT THAT IN YOUR BURRITO AND SEE WHAT YOUR READERS SAY!  YOU CAN EVEN
BLAME ME, SO THAT YOU ARE NOT ACCUSED OF TURNING PINK IN YOUR MIDDLE
AGE.      Deut8

Okay.  It,s in the Burrito.  And here is what I think.

You allude to the change in a world that was once &more personal8 and is
now institutional.  You make the point that things are not better off if
for no other reason then the lack of personal accountability.  But I
don,t think that in all cases the more personal world is lost.  It is
ever present, as I will argue below.  Second, your group embraces the
impersonal &efficiencies8 when it is convenient.  Finally and most
importantly, where will your social-minded and like minded counterparts
be when competitive forces leap supply ahead of demand, which might
happen in a handful of years?

However, your essential point is not lost on me.  I do believe that
there are ways for generators and consumers to be good neighbors in
California.  I have a proposal below to which I would like to hear your
response.

First, though, the personal business touch is present in our economy.  I
exercise the restraint to which your story pines in many of my
consulting engagements which require financial give and take between
client and vendor.  It is simply smart business to do so.  I have been
the beneficiary of the same with my local bank when errors occurred in
my checking accounts, or when loan payments were made absent mindedly
late, etc., and the late fee forgiven.  However, much of our economy,
and certainly the trade of a commodity such as electricity requires the
use of markets.  Nameless and faceless, they do squeeze out all the
efficiencies which lead to lower prices, more innovation, and a sharing
of price risk with parties who are neither the ultimate consumer nor the
initial producer.  The producer and consumer get out of the risk
arbitrage and leave it to others who are more skilled and monied.

I find it ironic that TURN, then, is so insistent on arguing, as it has
done on many many occasions for the relaxation of market separation in
the ISO,s congestion management reform.  Elimination of market
separation is nothing more than the impersonal forcing of parties to
execute trades on either side of a congested transmission path in the
name of market efficiency.  Lower prices for consumers.  Does it really
matter if it is done through person to person transactions, or through
markets?

Third, your story can be used to make an alternative point.  What
happens to the merchant in town when Wal-Mart moves into the next town
down the road?  All the faithful customers that your Merchant of
Vengeance was protecting suddenly migrate to a competitor with greater
inventory, more choice, and lower prices.  What do you say, then?  The
corollary for us is direct.  The new generation owners moved literally
billions of dollars into California, at risk, and took a chance.  It
paid off.  They succeeded as we all know this year, and probably will
next year, and so on.  But the 3,000 MW of new power plants under
construction in California, and the 3,000 MW under construction in
Arizona, and the over 16,000 MW of combined power projects in
California, Arizona, and Southern Nevada that are in line for permits
will change the financial landscape in a hurry once energized.  The
prices will soften, returns will be less cherry, and I really want to
know, where will today,s accusers be when there is a shake out?
Consumers will reap that benefit, oh you best believe it. But the
alliances to which your opening story alludes simply misses that point.
You gotta make hay while the sun shines.

Now to my proposal.   Michael, I would be willing to work with you to
develop some kind of loan program for residential and small commercial
customers that would, in effect, reduce the economic hardship of higher
electricity prices.  I could imagine, although I haven,t tested the idea
with any parties,  that a significant program could be crafted, possibly
secured by the credit of participating generating companies, and
executed by a commercial lending institution such as Bank of America.
Borrowers would pay a fair interest rate and the administrative fees.
It,s simply smart business, not charity.  It,s one way to amortize the
earnings which came about due to a circumstance of short supply relative
to the sudden growth of demand for power.

Maybe that is a step in the right direction, I don,t know. One could
argue that it is no different than SDG&E implementing a level payment
plan for it,s consumers.  True, it is no different, because in either
case the customer is paying for the loan interest and administrative
fees, and I consistently believe that a market for credit is more
efficient (am I getting impersonal?) than one instituted by a
monopoly.   Second, the security for these loans is provided by parties
other than the utility,s customers.  Further, we wouldn,t have to worry
about PUC oversight and prudence reviews.  We could make this work
quickly.

I will be very interested to hear your thoughts, and the comments of my
members.  Thanks for sending us your letter.

>>> Odds and Ends (_!_)

 @@@ Finish the Story Contest

Well, there was only one response, and that was from Carl Imparato.
Here is what Carl said,

&Am I missing something? Who is Gow-Jing supposed to represent? (Yes, I
get the pun in the name.  But is he also just an anonymous "everyman" or
is there someone in particular?)

&My first response to your question is that Gow-Jing simply replies
+Itai!, (You could look it up... I think it's Chinese for +it hurts!,).
Then he takes out a concealed axe, goes on a rampage and kills
everyone.  But that's too realistic, so don't use that ending.  Instead:

&Ending:  Just as he was about to reply, a giant 500 foot wall of water
swept through the room, drowning everyone.  And they lived happily ever
after.  The end."

I haven,t decided whether to name this response Carl,s Gilgamesh Epic
(I.e., Noah and the flood), or Carl,s Hydro Dream.  We,ll leave the
contest open for another week.  Can,t let $5 bucks go the only entry.
Where,s the competition?

>>> Odds and Ends (_!_)

 @@@ October General Meeting

Barb Ennis, our event coordinator for our General Meeting wanted you
folks to know that the Inn at Morro Bay blocked a few more rooms for us
on Wednesday, October 4th (for the early birds) and of course Thursday,
October 5th. To date, 21 of the 24 rooms originally set aside in the
WPTF block are now taken.

Among the additional rooms, there are 2 rooms blocked with double beds
on Wed. & Thur. nights at $152.00 each and 6 rooms on both nights for
$89.00 each.  Folks, you better call the Inn at Morro Bay, telephone
800-321-9566.  Rooms should be requested under the name of the Western
Power Trading Forum.

Also feel free to call the Inn and book a room for Friday and Saturday
if you wish to stay over....ask for SHAWN.

For those who are in the golf, green fees are $28.00 plus $10.00 for the
cart.

Please RSVP me by E-Mail (baennis@ix.netcom.com) if you are attending
The Social Evening Dinner On Thursday Night ($45 per person, all are
invited) and also the luncheon on Friday (no charge) .... I must have an
accurate headcount.

Have a great weekend and see you at Morro Bay.......Barb

>>> Odds and Ends (_!_)

 @@@ What Makes Houston, Houston?

Dan Douglass of Arter and Hadden sent us the following item. Houston,
the unofficial home of the electric power industry, is a town you either
love or hate.  Here are some guiding principles offered by the Chamber
of Commerce of the 4th largest city to enable their many visitors to
cope.

   First you must learn to pronounce the city  name. It is YEWS-TUN and
it does not matter how people pronounce it in other places.

   Forget the traffic rules you learned elsewhere. Houston has its own
version of traffic rules. Never forget that downtown Houston is composed
entirely of one way streets. The only way to get out of center of town
is to
turn around and start over when you reach Dallas, Texas.

   All directions start with, "Go down  Westheimer..."

   Westheimer has no beginning and no end.

   It's impossible to go around a block and wind up on the street  you
started on. The Chamber of Commerce calls this a "scenic  drive".

   The 8am rush hour is from 6:30 to 9:30am. The 5:00 pm rush hour is
from 3:30 to 6:30 pm.  Friday's rush hour starts on Thursday morning.

   If you actually stop at a yellow light, you cannot be from Houston.

   Kuykendahl Road can only be pronounced by a native, so do not
attempt the phonetic pronunciation. People will simply tilt their heads
to the right and stare at you.

   Construction on the Gulf Freeway is a way of life, and a permanent
form of entertainment.

   Many bizarre sights can be explained simply by uttering the phrase,
" Oh, we're in Montrose!!"

   Construction crews aren't doing their job properly  unless they
close down all lanes except one during rush hour.

   If  someone actually has their turn signal on, it was probably left
on at the factory where the car was made.

   White haired men driving red or silver sports cars will not obey any
known traffic rule and cannot be expected to stop for red lights or stop
signs.

   All ladies with blue hair who drive Cadillacs or Lincoln
Continentals have the right of way.

   The above mentioned blue haired ladies also have a  legal right to
turn right from a left lane or to turn left from a right  lane. YOU HAVE
BEEN WARNED!

   Buying a  Houston street map is a waste of money since there is
absolutely no way that you can route yourself in such a manner as to
avoid major road construction.

   Houston natives are so rare that they are listed on the endangered
species list. The few remaining specimens are kept in a controlled
environment for their own safety.

   Sir" and "Ma'am" are used by the person speaking to you if there's a
remote  possibility that you're at least 30 minutes older than they are.

   "Sugar" is a more common form of  address than "Miss". So is
"Honey". Do not take offense. This is how southerners address grown
women.

   In Houston we drink Coca-Cola  and Dr. Pepper. It is rumored that
other soft drinks are sold here, but no one will admit to knowing anyone
who actually drinks them.  So don't ask for any other soft drink.

   What you need to know when arriving at Bush Intercontinental
Airport: Your arrival gate is at least 32 miles away from the Main
Concourse of any terminal.  Walking heels on your boots or walking shoes
are advised.

   Never honk your horn at another car in Houston traffic. The bumper
sticker that reads, "Keep honking, I'm reloading" is considered fair
warning.

=============

Have a great weekend, y,all.

gba


R. Formanek
9040 Far Away Place
Fort Jones, CA 96032
candr@sisqtel.net

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

R. Formanek


Market Participants:

Please be advised that the Friday, March 9th New Facilities Interconnection
Policy Stakeholder meeting has been changed to Monday, March 19th.  The
location and times will remain the same.

If you are not able to attend and want to access through the internet the
link has changed to the following:

http://acw.activate.net/intercall/03192001/californiaiso1_010319.ram
<http://acw.activate.net/intercall/03192001/californiaiso1_010319.ram>

For those calling in, the phone information will remain the same.

If you plan to attend this meeting please RSVP to Colleen Grant at
cgrant@caiso.com <mailto:cgrant@caiso.com>  no later than COB on Thursday,
March 15th.

We apologize for any inconvenience this may have caused you.

Byron Woertz
Director, Client Relations


Marc,

According to Houston Sidewalk the game starts at 7:30 p.m.  Why don't we pick
you up just before 7:00.  Let me know if that's a problem.

Mark


Let's see.  Meeting Kristi at a bar.   All signs point to YES.

Ryan.F.Ruppert@EXXON.sprint.com on 01/19/2000 08:28:26 AM
To: Eric Gillaspie/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
cc:
Subject: FW: Dive Club Meeting

         Date: January 19, 2000
         From: Ruppert, Ryan F.                            R9RUPPE  - AMERICAS
           To: EXT-EGILLAS(A)ECT.ENRON.COM,                EGILLASE - FPEXMAIL
               EXT-GNEMEC(A)ECT.ENRON.COM,                 GNEMECEC - FPEXMAIL
      Subject: FW: Dive Club Meeting
------------------------------------------------------------------------------
Are we going to get involved in this?  Sounds like a good way to make some
more friends.  I mean, I call 'em like I see 'em--and there could be some
serious back-stage bettys in this group.

RYAN F. RUPPERT
Geophysical User Support
Upstream Technical Computing
ExxonMobil Exploration Company

-----Original Message-----
From: EXT-RUPPERT(A)TEXAS.NET,
Sent: Monday, January 17, 2000 10:03 PM
To: Ruppert, Ryan F.
Subject: Dive Club Meeting

>Hello everyone,
>
>Happy new year to everyone!  Hope you all had a nice and relaxing holiday.
>We are going to have our first HammerHeads meeting of the year 2000 on
Friday Jan 28
>from 7:00 to 9:00 at the Outback Pub.  The club goals for this year are to
have at
>least 3 international dive trips as well as local dive events.   We would
>also like to increase our membership.

If you have any questions about HammerHeads or the meeting, please contact
the president Kenny Vassigh at kvassigh@hotmail.com or check out the website
at www.h-heads.com.

Hope to see you all at the meeting.

Kristi Foster

======================================================
Ryan F. Ruppert
744 International Boulevard #62
Houston, Texas  77024
H: 713.812.1098
ruppert@texas.net
======================================================


Kevin,
Per our conversation:
9402 Creek Vine Drive
Houston, TX 77040
Thanks,
Jeff King


Ashlea Stuart has invited you to "Welcome Home Dinner for Julianna!".

Click below to visit Evite for more information about the event and also to RSVP.
http://www.evite.com/r?iid=YLZMFHZYNIXLBGJSRFZO

This invitation was sent to you by Ashlea Stuart using Evite. To remove yourself
from this guest list please click on the link above.

This Evite Invite is covered by Evite's privacy policy*.
To view this privacy policy, click here:
http://www.evite.com/privacy

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

Workin' for the weekend? - With only two days to call your
own, you've got to make them count. The Citysearch Weekend Guide makes
workin' for the weekend worth it.
http://weekend.citysearch.com?cslink=nsltr-evite-invite

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

HAVING TROUBLE?
Perhaps your email program doesn't recognize the Web address as an active
link. To view your invitation, copy the entire URL and paste it into your browser.

If you would like further assistance, please send
email to support@www.evite.com

* Updated 03/15/01.


For those of you who don't have audio access to the California  Capitol and
are interested in the current Energy Costs and Availability, it is  available
via the Internet at:
?
http://www.assembly.ca.gov/committee_hearings/defaulttext.asp


Patty,

Attached is Westinghouse's proposed draft of the letter contemplated in
Sections 3/4 of the Settlement Letter.  Please review at your earliest
possible convenience and let me know if it is in acceptable form.  In order
to expedite your review, I am sending this without first having the
opportunity to review it myself.

All the best.

Stuart

 - Y2KF-099.doc


Can you please arrange EnronOnline guest user IDs for the following people
(these are  lawyers at Milbank, Tweed, Hadley & McCloy helping on EnronOnline
issues):

Edwin Feo  efeo@milbank.com
Daniel Mummery  dmummery@milbank.com
Eric Sanford   esanford@milbank.com
Steven Kramer   skramer@milbank.com

Let me know if you need any other details.

Thanks,

Mark


What is your thought on this.  Since we've taken our customers back, this
could be dangerous -- but it has already been filed.  Can you see any way it
moght help?  I think we have 30 days to respond.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/30/2001 11:01 AM -----

	"Dan Douglass" <douglass@energyattorney.com>
	07/16/2001 05:59 PM

		 To: "ARM" <arem@electric.com>, "Bob Anderson" <Robert_Anderson@apses.com>,
"Vicki Sandler" <vicki_sandler@apses.com>, "Merilyn Ferrara"
<merilyn_ferrara@apses.com>, "Janie Mollon" <jsmollon@newwestenergy.com>,
"Kenneth Moy" <Kennethm@abag.ca.gov>, "Jerry Lahr" <jerryl@abag.ca.gov>,
"Dave Finigan" <davef@abag.ca.gov>, "Sue Mara" <susan_j_mara@enron.com>,
"Steve Huhman" <steve.huhman@mirant.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Rob Nichol" <rsnichol@newwestenergy.com>,
"Randy Hickok" <rjhickok@duke-energy.com>, "Nam Nguyen"
<nam.nguyen@powersrc.com>, "Joe Paul" <jmpa@dynegy.com>, "Jeff Dasovich"
<jeff.dasovich@enron.com>, "Jack Pigott" <jackp@calpine.com>, "Greg Blue"
<gtbl@dynegy.com>, "George Vaughn" <gavaughn@duke-energy.com>, "Gary
Ackerman" <foothillservices@mindspring.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <curt.hatton@neg.pge.com>,
"Corby Gardiner" <jcgardin@newwestenergy.com>, "Charles Miessner"
<camiessn@newwestenergy.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob
Anderson" <Bob_Anderson@apses.com>, "Bill Ross" <billr@calpine.com>, "Ed
Cazalet" <ed@cazalet.com>, "Denice Cazalet Purdum" <dpurdum@apx.com>, "Robert
Berry" <berry@apx.com>, "Tamara Johnson" <tjohnso8@enron.com>, "Max Bulk"
<mbulk@apx.com>
		 cc:
		 Subject: ABAG Petition for Modification of D.01-05-064

Attached for your information is a copy of the Petition for Modification of
D.01-05-064 which ABAG POWER filed on July 13.? On behalf of ABAG, I would
like to solicit your support of this petition.? The decision in question is
the Commission's May 15 decision where it approved the rate design for the
three-cent rate increase.?
?
You may recall that the decision approved a 12-month surcharge for all
bundled service customers to make up for the revenue which PG&E and SCE did
not recover during the interim period between the March 27 issuance of
D.01-03-082 and the subsequent issuance of the May 15 decision.? You also
know that the May decision provided specifically that DA customers were NOT
to  be subject to the rate increase.
?
The ABAG petition for modification seeks to have the Commission clarify  that
DA customers who received DA service during the interim period between the
two decisions should not be subject to the one-year sucharge, even if they
were  subsequently returned to bundled service.? The arguments supporting
this  position are as follows:

Direct  access customers were specifically exempted from the
procurement-related rate  increase because they do not receive procurement
service.? They should therefore be similarly  exempted from the12-month
procurement surcharge, even if they subsequently  returned to bundled
service.?
The inability of PG&E to pay all amounts  due and owing under the PX credit
have caused the budgets of ABAG POWER  Members to be placed under significant
financial stress.? The Member public agencies have  suffered extreme
financial hardship.?  The application of the 12-month procurement surcharge
has added to that  burden unnecessarily.
In a separate  proceeding (draft Resolution E-3726),? the Commission has
expressed  its intent to &guard against inequities8 for direct access
customers of  SDG&E.? ABAG POWER asks simply  that the Commission afford
similar protection to the direct access customers  of PG&E who did not
receive bundled procurement service during the  interval between the March
and May Decisions.?
Moreover, in addition  to being inequitable, the application of the
procurement surcharge to  non-procurement direct access customers would be
discriminatory and would  cause the utilities to violate the
anti-discrimination provisions of the  Public Utilities Code, Sections 453(a)
and 453(c).

ABAG POWER  would very much appreciate the support of ESPs and other market
participants at  the Commission.? Under Rule 47(f) of the Commission's Rules
of Practice and  Procedure, "Responses to petitions for modification must be
filed and served  within 30 days of the date that the petition was served,
unless the  administrative law judge sets a different date. Responses must be
served on the  petitioner and on all? parties who were served with the
petition and must  comply with the requirements of Rules 2, 2.1, 2.2, 2.3,
and 2.5."? Filings  sooner than that would be appreciated.? Please give me a
call or email if  you are willing to file in support of the ABAG petition.?
Thanks very  much?for your consideration of our request.
?
Dan

Law  Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.? Suite  244
Woodland Hills, CA 91367
Tel:?? (818) 596-2201
Fax:?  (818) 346-6502
douglass@energyattorney.com
 - 7-13-01 Petition for Modification of D.01-05-064 - Final.doc