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Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Friday, January 18 2002 No. 908
Visit: http://www.enerfax.com/ or for Oil Prices & News
http://www.enerfaxgold.com/
PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.29  |
| ANR SE                  | 2.36  |
| Carthage TG             | 2.34  |
| Chicago Citygate        | 2.38  |
| Columbia Gulf Onshore   | 2.36  |
| Dominion South Point    | 2.54  |
| Henry Hub               | 2.41  |
| Houston Ship Channel    | 2.40  |
| Katy Hub                | 2.34  |
| NGPL LA Pool            | 2.35  |
| NGPL - Midcontinent     | 2.28  |
| NGPL STX                | 2.30  |
| NGPL TX/OK              | 2.32  |
| NNG Demarc.             | 2.34  |
| Niagara                 | 2.60  |
| Sonat Tier 1            | 2.36  |
| TCO IPP Pool            | 2.50  |
| Tetco ELa               | 2.40  |
| Tetco M-3               | 2.84  |
| Tetco STX               | 2.32  |
| TGP Zone 0              | 2.30  |
| TGP Zone 1 (500 Leg)    | 2.36  |
| TGT Zone SL             | 2.37  |
| New York Citygate       | 2.97  |
| Transco Station 65      | 2.42  |
| Transco Zone 6 (NY)     | 2.97  |
| Trunk ELa               | 2.34  |
| Western Region
| California Border       | 2.35  |
| El Paso Keystone        | 2.25  |
| El Paso San Juan-Blanco | 2.22  |
| Waha Hub                | 2.28  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 3.02  |
| Dawn Hub/Union          | 2.43  |
| Northwest Stanfield     | 2.20  |
| Wyoming Pool            | 2.15  |
| Opal                    | 2.15  |
| PGT-Malin               | 2.27  |
| Sumas                   | 2.21  |
           Flow Date 1/18
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.5389 -0.0781
18 Month Strip  2.6527 -0.0647
| Month | High  |  Low  | Close | Change |
| FEB   | 2.274 | 2.245 | 2.254 | -0.140 |
| MAR   | 2.269 | 2.250 | 2.254 | -0.109 |
| APR   | 2.305 | 2.290 | 2.291 | -0.092 |
| MAY   | 2.380 | 2.380 | 2.359 | -0.087 |
| JUN   | 2.440 | 2.425 | 2.419 | -0.087 |
| JUL   | 2.500 | 2.500 | 2.489 | -0.077 |
| AUG   | 2.610 | 2.515 | 2.535 | -0.071 |
| SEP   | 2.605 | 2.520 | 2.536 | -0.063 |
| OCT   | 2.630 | 2.540 | 2.557 | -0.064 |
| NOV   | 2.815 | 2.710 | 2.767 | -0.049 |
| DEC   | 2.968 | 2.968 | 2.962 | -0.049 |
| JAN   | 3.050 | 3.050 | 3.044 | -0.049 |
-------------------------------------------------------------
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Natural Gas Futures Drop on Technicals

    Natural gas futures for February delivery on the NYMEX tumbled
$0.14 yesterday to $2.254 per MMBtu after locals battled funds and
lost. The March contract lost $0.109 to $2.254 per MMBtu. There was a
technical strategy from large marketing firms to bid up the contract
in an attempt to chase funds out of their short positions, however,
it blew up in their face. The locals wound up long and had to sell-
off rapidly. The market opened strong, hitting a high of $2.405 per
MMBtu on the strength of an AGA report that lowered the year-on-year
surplus, but then quickly dropped below $2.25. Open interest
increased by 9,689 contracts Wednesday to 464,452 contracts, in what
by yesterday morning indicated a contrived effort to sell up the
market. Look for resistance at $2.36 and support at $2.20, $2.125 and
$2.02. Natural gas for next day delivery across the US and Canada
generally flat to up $0.05 per MMBtu yesterday. Without much cold
weather moving either market, the spread between futures and cash
stayed at $0.03  $0.05 without much movement. Natural gas for next
day delivery at the Henry hub gained $0.03 to $2.33 per MMBtu.
-------------------------------------------------------------
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-------------------------------------------------------------
Today's Power Bulletins
 * Enerfax Daily to Be Closed Monday for Martin Luther King Jr Holiday
 * Calpine Files with SEC to Periodically Sell Up to $2.5 Billion in
Common and
Preferred Stock, Depositary Shares, Debt Securities, Contracts, Units
and Warrants
 * GEs 4th Quarter Profit Rises 9% to $3.93 Billion, or $0.39 per
Share
 * TXU Creates Oncor to Separate Delivery of Electric Energy from
Retail Sales of
Electricity in Newly Deregulated Texas Power Market
 * NYPA Provided New York State with Improved Power Reliability and
Lower Utility Bills in 2001
 * ISO Merger Talks Point to Consolidation in Northeast and Midwest
 * Western Spot Power Prices Decline on Less Weekend Demand
 * Northeast Spot Power Mostly Higher as Cool Weather Returns
-------------------------------------------------------------
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-------------------------------------------------------------
 PG&E Claims California Owes It Billions

    Pacific Gas & Electric has filed a $4.1 billion damage claim
against California for allegedly breaking a regulatory contract to
let it sell power at prices set by the FERC. The claim stems from the
1996 law that deregulated the state's power market and helped trigger
California's energy crisis. PG&E says that under the law, it agreed
to divest most of its in-state power plants to increase competition
in the local electricity market. In return, the state would allow
PG&E's remaining hydroelectric and nuclear plants to sell power at
market prices overseen by the FERC. That would end the California
PUCs authority to set prices, and shifting regulatory oversight to
FERC's less stringent system of managing prices. PG&E says the market
value of its power was not less than $4.1 billion. It also says that
under an emergency energy bill passed last January, the state broke
the agreement for FERC regulation. The state board has 45 days to
reply to the claim.
-------------------------------------------------------------
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Visit us at www.epis.com or call (503) 722-2023.

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-------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   38,380
02MAR   15,442
02APR    5,245
02MAY    3,763
02JUN    1,207
02JLY    1,295
02AUG    2,853
02SEP      991
02OCT    3,519
02NOV    1,612
02DEC      687
03JAN    1,752
03FEB      812
03MAR    1,499
03APR      543
03MAY      326
03JUN      605
03JLY      500
03AUG      730
03SEP      311
03OCT      363
03NOV      545
03DEC    1,071
04JAN      338
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Westchester County, NY Battles Millennium Pipeline

    Westchester County, north of New York City, will petition the
FERC to reconsider its decision to permit Columbia Gas to build the
530-mile Millennium pipeline from Ontario to Mount Vernon, NY. The
pipeline would transport 700,000 Mcf per day to New York City and
southern parts of the state. The county alleges that the FERC
prematurely granted Columbias request to build the pipeline. They say
that Columbia does not have the needed state approvals to proceed
with construction and that the company did not provide crucial
information about using dynamite to blast in environmentally
sensitive areas in the Hudson River. A FERC study found that the
pipeline would have limited adverse environmental impact and was the
preferred alternative to deliver natural gas to New York. The
commission has 30 days to respond to the countys petition. If denied,
Westchester can then seek a court order to block construction. The
county has asked several state regulatory departments to deny future
approvals and cancel existing permits already granted. Westchester
will also refuse to grant Columbia permits for construction on county
land. Additionally, the county is questioning whether the pipeline
violates a state plan to protect coastal areas from environmental
damage. Federal law prohibits a federal agency from granting approval
for projects that affect the coastline if a state finds it violates
its own coastal plan. In addition, county officials have asked the
governor to intervene when he attends a FERC conference later this
month.
-------------------------------------------------------------
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-------------------------------------------------------------
Enron Paid Very Few Taxes

    Enrons use of Caribbean tax havens to legally shelter profits
reflects the power Washington lobbyists have in creating tax havens
for the rich and powerful. Offshore tax havens among the small
islands of the Caribbean have been used for years by individual
investors, companies, drug traffickers and money launderers to hide
cash. But the disclosure that Enron paid no income taxes in 4 of the
last 5 years by using 900 subsidiaries in tax-haven countries and
other techniques kept its US tax bill a next to nothing. Enron used
881 subsidiaries abroad, including 692 in the Cayman Islands and 119
in the Turks and Caicos, and other legal tax-avoidance techniques
common to major companies to zero-out US tax bills. The Cayman
Islands, a tiny British colony of 35,000 residents just south of
Cuba, is one of the world's leading financial centers with some 600
banks and thousands of foreign corporations.
-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 22.75 | 21.25 |  22.30  |
| ECAR       | 24.25 | 20.00 |  22.90  |
| ERCOT      | 21.50 | 20.00 |  20.90  |
| Entergy    | 23.50 | 21.25 |  21.80  |
| TVA        | 27.85 | 23.75 |  25.50  |
| ComEd      | 23.00 | 22.00 |  22.55  |
| Nepool     | 30.00 | 28.75 |  29.60  |
| PJM West   | 28.40 | 25.50 |  25.70  |
| Main       | 23.00 | 21.50 |  22.35  |
| MAPP       | 23.50 | 20.00 |  21.30  |
| Palo Verde | 25.75 | 22.75 |  24.43  |
| Mid C      | 19.00 | 18.25 |  18.70  |
| COB        | 22.00 | 21.25 |  21.55  |
| 4 Corners  | 23.25 | 22.75 |  23.00  |
| Mead       | 26.00 | 23.25 |  24.65  |
| NP 15      | 25.25 | 22.50 |  24.05  |
| SP 15      | 26.50 | 22.50 |  24.30  |
            Power Delivered 1/18
-------------------------------------------------------------
Andersen Memo Details Meeting on Enron

   A February 6, 2001 Andersen memo detailing a executive meeting
where the amount of debt kept off Enron's books was discussed has
surfaced. Andersen said the meeting was just a standard annual review
of Enron. The executives discussed whether Anderson should drop Enron
as a client, and also talked about how key the off balance sheet
transactions were to understanding the energy firms finances. It has
also been revealed that Andersen was warned of trouble at Enron last
summer by the same executive who sent Kenneth Lay a memo detailing
her concerns over the companys financial practices. The Enron
executive then raised those same concerns in a conversation with an
unidentified Andersen partner. Andersen was assured by Enron that an
outside law firm had been hired to look into the allegations. The
memo is likely to lead to questions about the role of accountants and
the steps they take before signing sign off on a company's financial
statements. The chairman of the SEC is expected to announce a new
accounting oversight panel to include accountants and non-
accountants, possibly similar to the Public Oversight Board.
-------------------------------------------------------------
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas
Storage and
Transportation System. Open Season for customers interested in
capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For
information,
visit www.desert-crossing.com
-------------------------------------------------------------
Todays Gas Bulletins
 * Peoples Energy and Dominion Form Alliance to Serve Chicago Area
Residential
Energy Market
 * El Paso Energy Partners Announces Distribution Increase from $0.55
to $0.625 per Common Unit
 * President Bush Makes Another Push for Congress to Pass National
Energy Plan; Includes Drilling in Arctic National Wildlife Refuge
 * Enron CEO Lay Put Aspen Homes Up for Sale in November for $15.5
Million
 * Kinder Morgan 4th Quarter Net Income Rises 30%
 * Enron Board Fires Andersen in All Capacities
 * ChevronTexaco to Exercise Right to Retain Proportionate 26.5%
Dynegy Common. Stock Interest;  To Purchase 10.4 Million Shares of
Class B Common Stock Totaling $205 Million
 * Petroleum Services Association of Canada Says Canadian Drilling
Expected to Plunge 26% in 2002
------------------------------------------------------------
 Ziff Energy Group presents
Gas Storage 2002
Redefining the Fundamentals:
Is Gas Still in the Storage Game?
Power Drives Storage
Will the recession affect plant and storage development?
Will record high volumes in storage further depress gas prices?
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Plus
Two Important Workshops
Calpine Corporation
Hear what the Power Generator wants from the storage industry
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Learn from the expert how to mitigate storage price risk in the 2002
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February 6 & 7
Houston
Four Season Hotel
1300 Lamar Street
Register Today for this Important Conference
Call 1-800-853-6252

Email: gasconference@ziffenergy.com

Visit: www.ziffenergyconferences.com
-------------------------------------------------------------
Recession and Mild Weather Lower Dukes Profits

    Duke says 4th quarter profits dropped 21% due to lower energy
prices, mild weather and the recession. Earnings fell to $225
million, or $0.28 per share, from $284 million, or $0.38 a year ago.
Revenue was off 30% to $10.7 billion from $15.4 billion the year
before. Duke's field services unit, which processes natural gas
liquids saw its earnings tumble 34% because of lower prices. The
companys electric utilities, which provided more than 30% of its
earnings, fell 41% as moderate temperatures and a drop in industrial
demand ate into power sales. Dukes power sales slid 7.6% in the
quarter for residential customers and 9.5% for industrial customers,
the company said. Natural gas prices plunged 59% from a year earlier
and wholesale power prices in Dukes service region fell by 50% to
about $25 per MWh. Duke also said that it took a charge for special
items totaling  $46 million, or $0.06 per share, to reflect
accounting adjustments at its utilities and exposure to losses from
dealings with Enron. Excluding the one-time charge, profit was $271
million, or $0.34 per share. The average of analysts estimates was
$0.45 per share. The company remains optimistic that it can achieve
10% - 15% growth this year. Duke's revenue last year was $59.5
billion compared to $49.3 billion in 2000. More than half of its
natural gas and power contracts hedged through 2004.
-------------------------------------------------------------
R. W. Beck is an engineering and management consulting firm serving
utilities, developers, financiers and governments worldwide.  Founded
in 1942, we help our clients face energy market challenges by
providing:

Portfolio Analysis to improve diversification and risk-adjusted
performance of energy assets.

Risk Control to help reduce the probability of losses.

Asset Valuation to understand the market value and risk
characteristics of physical and financial energy assets.

Training to improve your ability to identify and manage tactical and
strategic risks.

Please visit our web site at http://www.rwbeck.com
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change |
| FEB   |  22.00  | +0.00  |  24.00  | +0.50  |
| MAR   |  20.50  | +0.00  |  23.50  | +0.50  |
| APR   |  20.90  | +0.00  |  24.50  | +0.25  |
| MAY   |  19.00  | +0.00  |  25.50  | +0.25  |
| JUN   |  20.50  | +0.00  |  29.50  | -0.50  |
| JUL   |  30.50  | +0.00  |  29.50  | -10.50 |
| AUG   |  40.50  | +0.00  |  45.00  | +0.75  |
| SEP   |  35.00  | +0.00  |  35.00  | +0.00  |
| OCT   |  28.00  | +1.00  |  27.50  | +0.00  |
| NOV   |  27.50  | +1.00  |  27.00  | +0.00  |
| DEC   |  28.50  | +1.00  |  27.50  | +0.00  |
| JAN   |  28.50  | +1.50  |  28.00  | +1.00  |
| Month | Entergy | Change | Cinergy | Change |
| FEB   |  20.15  | +0.15  |  21.85  | +0.65  |
| MAR   |  21.00  | +0.30  |  22.15  | +0.05  |
| APR   |  21.00  | +0.30  |  22.15  | +0.05  |
| MAY   |  24.00  | +0.25  |  25.50  | +0.15  |
| JUN   |  29.25  | +0.25  |  31.75  | +0.10  |
| JUL   |  37.90  | -0.10  |  41.70  | +0.00  |
| AUG   |  37.90  | +9.90  |  41.70  | +0.00  |
| SEP   |  22.50  | +0.25  |  23.20  | +0.05  |
| OCT   |  22.00  | -0.25  |  23.00  | -0.25  |
| NOV   |  22.00  | -0.25  |  23.00  | +0.00  |
| DEC   |  22.00  | -0.25  |  23.00  | +0.00  |
| JAN   |  24.50  | -0.25  |  26.20  | +0.20  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 25.00 | +0.25  |
| MAR   | 25.05 | +0.15  |
| APR   | 25.05 | +0.15  |
| MAY   | 28.25 | +0.00  |
| JUN   | 35.30 | +0.15  |
| JUL   | 48.75 | +0.00  |
| AUG   | 48.75 | +0.00  |
| SEP   | 25.65 | +0.10  |
| OCT   | 25.25 | +0.00  |
| NOV   | 25.25 | +0.00  |
| DEC   | 25.25 | +0.00  |
| JAN   | 29.00 | +0.30  |
-------------------------------------------------------------
ISO Merger Talks Continue in Northeast and Midwest

   Merger talks are underway in the Northeast and Midwest to
consolidate control of large parts of those grids. The New York ISO
is in discussions with ISO New England to form a regional
transmission organization between the two grid operators. The talks
currently do not include the PJM Interconnection, which last week
announced that it reached a letter of intent to create a single
market with the Midwest ISO. The FERC has a pending decision on
Northeastern RTO formation, based on confidential mediation
discussions from last summer that were aimed at developing a business
plan to create a single Northeast RTO. It expects to release the
results of its own cost-benefit analysis of forming a single
Northeastern RTO next month, but has not decided on the size and
numbers of RTOs in the region. Also, former members of the Alliance
RTO are in negotiations to form an independent entity within the
existing Midwest ISO. The discussions concern a FERC rulemaking
session last month that declared the Midwest ISO to be the single RTO
for the region, saying that the Alliance did not meet its conditions.
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar
Gina Patrick

Phone: 281-362-7979
FAX: 281-296-9922
----------------------------------------------------------------------
----------------------------------------------------
Accenture Now Glad Andersen Name Lost

   About a year ago consulting firm Accenture was called Andersen
Consulting, but lost a bitter fight with its sister firm, Arthur
Andersen, to retain the brand name of Andersen. Now, the name loss
looks like manna from Heaven, as the once fabled Andersen name sinks
in the Enron quagmire. Once one of the pillars of accounting, the
Andersen name is now only associated with the Enron debacle. That is
very different from the scenario that prevailed during the bitter
battle between the accounting firm and its consulting arm. A Paris
mediator ruled in Andersen's favor in August 2000. That was a seen as
a huge victory for the accounting firm. The dispute began when
Andersen Consulting, which had seen its profits soar with the booming
economy, felt it was not being paid enough for its work. Ultimately,
Andersen Consulting won independence, but was forced it to relinquish
the Andersen brand name. Be careful what you ask for, you might not
really want it after all.
-------------------------------------------------------------

                Progas Storage Services, Inc

Was recently organized to offer specialized natural gas storage
services to marketers and end users servicing the upper Midwest and
Northeast market regions along the major transmission systems in
Indiana, Illinois, Kentucky, and Michigan. PGSMI has 10 bcf of
potential working capacity which will offer service along TXG, ANR,
Midwestern, and is currently evaluating for purchase another 21 bcf
of potential working capacity which can be serviced by these and
other systems in the region. PGSMI also explores for natural gas in
the Gulf Coast region through a wholly owned subsidiary. Progas
intends to go public through a route of private industry offerings,
and an IPO or registration. For more information on services or the
company mail to: gastorage@aol.com or for AOL mail to
gastorage@aol.com;
The company's executive and administrative office is located in
Abilene, Texas with storage operations in Owensboro, KY and
exploration operations in Corpus Christi, TX.
Vist our website http://www.progas.net/wip
Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
-------------------------------------------------------------
Canadian Drilling to Drop this Year

    The Petroleum Services Association of Canada says that Western
Canadian producers expect to cut drilling by 26% this year and
natural gas will continue to dominate exploration activity. It
predicts 13,386 wells will be drilled in western Canada, down from
last year's record 18,024. Natural gas will account for 8,189, or
61%, of its forecast well completions this year. PSAC expects 10,309
wells to be drilled in Alberta, down 26% from 2001; 2,323 wells in
Saskatchewan, a 25% drop; and 674 in northeastern British Columbia,
down 29%. There were 11,177 natural gas completions last year in the
Western Canada Sedimentary Basin, with another 26 natural gas wells
drilled in the East Coast offshore.
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 gained 68.69 points to 7652.71
The CRB Index dropped 2.41 points to 1991.91
The US Dollar increased 0.36 points to 117.92
The Dow advanced 137.77 points to 9850.04
The S&P 500 climbed 11.31 points to 1138.88
The Nasdaq was up 41.38 points to 1985.82
February NYMEX Crude Oil fell 0.89 to 17.97
Canadian-US Exchange rose 0.0060 to 1.6107
-------------------------------------------------------------
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-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community
on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org
-------------------------------------------------------------
Please welcome our advertisers by visiting these websites.
http://www.e-acumen.com
http://www.kwi.com/
http://www.fea.com/
http://www.caminus.com/
http://www.progas.net/wip
http://www.ziffenergyconferences.com/
http://www.energyseminars.com
http://www.desert-crossing.com
http://www.epis.com
http://www.rwbeck.com
http://www.NewEnergyAssoc.com

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Paula,

Happy St. Patrick's Day.

Vince


Attached are some minor clean-up points to the previous e-mail.


Dear RedHerring.com Newsletter Subscriber,

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Part 2

Scouting Houston
The Longhorns should be able to get back on the winning track Saturday night
when they host Houston at 6 p.m. in a game that will be a regional Fox
telecast.
The Cougars won their first game of the season Saturday, defeating Army,
31-30. Army had a chence to win with a 32-yard field goal on the final play
of the game, but UH defensive back Emile White blocked it.
Houston had lost its first two games, 30-27, to Rice in overtime, and 28-13
to LSU.
New Cougar coach Dana Dimel has installed an all-out passing offense and his
QB, senior Jason McKinley, is fifth in the nation in total offense with 333.3
yards per game.
The Cougars are sixth in passing with 346.3 yards per game, and WR Brian
Robinson is among the national leaders with 31 catches for 299 yards.
The Cougars gained 524 yards against Army and ran 92 plays.
Defensively, Houston has struggled.
In losing to Stanford last week, the Longhorns lost all three of the "keys to
victory" I cited in my scouting report. They lost the rushing battle, they
didn't put as much pressure on the Stanford QBs as the Cardinal defenders put
on the Texas signal callers, and they had two turnovers, while Stanford had
none.
The Cougars are far less formidable than Stanford, so Texas should win fairly
easily.
Here are three keys to victory, in my opinion:
1. Do a better job of running the football. That's not a huge order since the
Horns are averaging only 50 yards per game on the ground.
2. Protect the Texas quarterbacks. Stanford got five sacks and had tremendous
pressure on the Texas QBs most of the game.
3. Put a lot of pressure on McKinley. The Texas secondary gives up a lot of
big plays when opposing QBs have time to throw.
Long-Range Outlook
Coach Mack Brown likes to talk about four or five "key games" on the
schedule. He doesn't mean the other games are against patsies, but let's take
a look at the teams Texas plays this year.
First, there are six games the Longhorns should win. The opening victory over
Louisiana-Lafayette was one of those. The others are Houston, Oklahoma State,
Missouri, Baylor and Kansas.
If Texas takes care of business in those six games, the other five will be
the key to going 10-1 or 6-5 or somewhere in between this season.
Stanford, as Brown noted, was one of the key games, so Texas is 0-1 in the
big games. The others are Oklahoma, Colorado, Texas Tech and Texas A&M.
Texas needs to win at least three of those to have a chance to finish 9-2 and
win the Big 12's Southern Division title.
Big 12 Roundup
Texas lost at Stanford and Colorado fell to visiting Washington in the Big 12
Conference's top intersectional games Saturday, but Iowa State's Cyclones did
gain a measure of respect by whipping state rival Iowa.
This week's schedule is the last week before Big 12 play kicks off on Sept.
30.
BIG 12 STANDINGS
SOUTHERN DIVISION
Conference        Season
W   L  PF    PA     Pct.      W   L    PF     PA     Pct.
Texas Tech  0    0  000   000    .000     4    0   101     26     1.000
Oklahoma    0    0  000   000    .000     2    0   100     21     1.000
Oklahoma State  0    0  000   000    .000     2    0    59      26    1.000
Texas A&M   0    0   000  000    .000     2    1   106     44       .667
Texas       0    0  000   000    .000     1    1     76     37       .500
Baylor      0    0  000   000    .000     1    1     29     41       .500
NORTHERN DIVISION
Conference        Season
W   L  PF     PA      Pct.      W    L   PF    PA     Pct.
Kansas State    0    0  000   000      .000     3     0  157     17   1.000
Iowa State  0    0  000   000      .000     3     0    86     51   1.000
Nebraska        0    0  000   000      .000     2     0    76     37   1.000
Kansas      0    0  000   000      .000     1     1    40      51    .500
Missouri        0    0  000   000      .000     1     2    69     95     .333
Colorado        0    0  000   000      .000     0     3    52      62    .000
Last Week's Results
Stanford 27, Texas 24
Texas A&M 45, UTEP 17
Texas Tech 26, Louisiana-Lafayette 0
Oklahoma State 23, Southwest Texas 0
Minnesota 34, Baylor 9
Washington 17, Colorado 14
Iowa State 24, Iowa 14
Kansas State 76, Ball State 0
Michigan State 13, Missouri 10
Kansas 23, Alabama-Birmingham 20
This Week's Games
Houston at Texas 6 p.m. (Fox TV)
Rice at Oklahoma
South Florida at Baylor
Southern Mississippi at Oklahoma State
North Texas at Kansas State
Iowa at Nebraska
Southern Illinois at Kansas

2000 Longhorn Schedule, Re  cord (1-1)
Texas  Opp.
Sept. 9     Louisiana-Lafayette   52    10
Sept 16    at Stanford        24    27
Sept 23    Houston
Sept 18    Rice
Sept 30    Oklahoma State
Oct. 7       Oklahoma (Dallas)
Oct. 14    at Colorado
Oct. 21    Missouri
Oct. 28    Baylor
Nov. 4      at Texas Tech
Nov. 11    at Kansas
Nov. 24    Texas A&M

Scoring by Quarters
Texas          2      38    21    15 -   76
Opponents     16    7    7    7     -   37

Recruiting Roundup

The Longhorns picked up two more commitments last week, getting LB Lance
McFarland, 6-1, 225, 4.6, of Jefferson early in the week, followed by a
pledge from his teammate, RB Anthony Johnson, 5-11, 195, 4.4, on Friday.
Johnson rushed for more than 200 yards in a loss to defending Class 3A
chamion Texarkana Libery-Eylau earlier this season. He has great power,
outstanding moves and tremendous speed. In other words, he has all the
attributes of an outstanding running back.
He also has confidence. The Longhorns already have a commitment from super
Midland Lee RB Cedric Benson, but Johnson says that doesn't worry him.
"I want to play on a great college team," he said. You're going to have
competition wherever you go if you want to play for a winning program."
His coach, Jerry Bennett, is the brother of Kansas State's defensive
coordinator, and Johnson said the Wildcats finished No. 2 on his list.
The Wildcats also were after McFarland, a hard-nosed tackle with good speed
for a linebacker. He won a "fat-boy" 100 event after his sophomore year with
an 11.3 clocking. Only players who weighed more than 200 pounds competed.
The two additions give the Longhorns 15 early commitments. It looks more and
more like the Texas coaches will award close to 25 scholarships  because they
still hope to add four of five defensive linemen, a quarterback, a tight end,
a wide receiver, a linebacker, a safety and at least one cornerback.
Seven of the Longhorns' 15 commitments are offensive linemen. Texas has
signed only three offensive linemen in each of coach Mack Brown's three
previous recruiting classes and he said heading into this recruiting season
that the offensive line was the No. 1 priority.
But he also said the defensive line was a high priority, and that is where
most of the remaining scholarships probably will be awarded.
Here's a list of the Horns' early commitments:
Offensive Line (7)
Jonathan Scott, 6-7, 290, 4.9, Dallas Carter, a national top 25 player.
Abe Robinson, 6-6, 270, 4.9, Jersey Village, a national top 100 player.
Alfio Randall, 6-6, 300, 5.1, Blinn JC, was a national top 100 player two
years ago.
Mike Garcia, 6-5, 280, 5.2, Galena Park, was the Aggies' top early pledge
before switching to UT.
Will Allen, 6-5, 300, 5.2, Cypress Falls, is in his three year as a starter.
Roman Reeves, 6-6, 295, 5.2, another of the state's top eight offensive
linemen.
Terrance Young, 6-6, 340, 5.5, Longview, is tremendously strong and had
offers from several top schools before committing to Texas.
Running Back (2)
Cedric Benson, 5-11, 200, 4.5, Midland Lee, the greatest Class 5A rusher and
scorer in state history and a national top 25 player.
Anthony Johnson, 5-11, 195, 4.4, Jefferson, No. 19 on my top 25 list.
Linebacker (2)
Yamil LeBron, 6-2, 240, 4.7, Killeen Ellison, was the middle backer the
Longhorns targeted early.
Lance McFarland, 6-1, 225, 4.6, Jefferson, No. 23 on my top 25 list.
Defensive Back (4)
Cedric Griffin, 6-1, 180, 4.42, San Antonio Holmes, one of the state's top
two cornerbacks.
Kendal Briles, 5-10, 175, 4.5, Wolfforth Frenship, a great option QB who will
play safety at Texas.
Braden Johnson, 6-2, 200, 4.5, Euless Trinity, a fine athlete who is playing
QB this season.
Brian Carter, 5-11, 180, 4.5, The Woodlands, a two-way star at WR and CB.
RECRUITING NOTES: Super FB James Buchanon of Sarasota, Fla., plans to take
his official visit to Texas this weekend. . . DL Kaelen Jakes of Valencia HS
in Placentia, Cal., says he will visit this weekend or the following weekend.
Jakes is playing nose guard this year and said he had two sacks and several
other tackles for losses in Valencia's opening 24-0 victory over Palmdale
Highland. He said Highland is supposed to have a playoff-caliber team "and we
really shut them down." Jakes lived in Plano when he was in junior high and
he said he is strongly considering coming to UT. "I really like the way
football is king in Texas," he said. . . Super DT Tommie Harris of Killeen
Ellison and outstanding OL William Winston of Houston Madison both say they
plan to come to the Houston game this weekend on unofficial visits. Harris is
the nation's top DT prospect, and Winston is a dominating OL.  . . UT pledge
Braden Johnson of Euless Trinity rallied his team from a 14-3 third-quarter
deficit to a 17-14 victory over Arlington Martin by running 58 and 1 yards
for TDs. . . DE Eric Hall of Clarksville, Tenn., took his official visit to
Texas the Sept. 9 weekend and said he really enjoyed it. He said Texas is his
favorite right now, but said he wants to take some other visits before
committing to anyone. Hall was born in Fort Hood and, like Jakes, says he has
fond memories of Texas football.

Satchell, Richardson Status

Two Longhorn freshmen football players, linebacker Aurmon Satchell and RB
Tyrone Richardson, have been lost to the team for at least this semester.
Satchell and Richardson both said they have some academic issues that need to
be resolved before they can return. Both said they hope to be back in January.
Satchell is from Denver Jefferson and Richardson is from Clarksville.

True Orange Observations

Coach Mack Brown is in his third year of what should have been a major
rebuilding job at Texas.
Thanks to the way he and his assistants took charge and changed one of the
nation's worst defenses into one of its best, and thanks to the way they
recruit, the Longhorns are already back among the nation's elite.
I know they lost at Stanford. I didn't like it. The coaches and players
didn't like it either. It bothers them even more than it bothers us.
But Texas hasn't finished among the nation's top 10 in football since 1983,
so we probably all expected too much from this team. The Horns will finish in
the top 10 again very soon and probably next year if not this one.
With three great recruiting classes already in school and a fourth in the
making, there are going to be a lot more W's than L's in the weeks and years
ahead.
Let's be grateful for what he and his assistants and players have
accomplished and help them get back on the winning track.

Gustafson's Lawsuit Dismissed

State District Judge J. Scott McCown ruled last week that former Longhorn
baseball coach Cliff Gustafson's lawsuit against UT athletic director DeLoss
Dodds has no merit and he dismissed it.
McCown also said Dodds has official immunity from such a lawsuit.
The lawsuit alleged that Dodds falsified an outside income statement by
Gustafson and provided false information to then-UT president Robert Berdahl
that Gustfson has violated university rules by maintaining a non-university
bank account for a baseball camp. The suit alleged Dodds' actions forced him
to resign.
The judge ordered Gustafson to pay Dodds' court costs.

Basketball Recruiting

T. J. Ford, the outstanding point guard at Fort Bend Willowridge, says he had
a great visit to Texas the Sept. 9 weekend, but isn't ready to commit to
anyone until he looks at some other schools.
UCLA probably is the Horns' main competition for Ford, a super quick 5-11
star who is the state's No. prospect. He  led Willowridge to the state Class
5A title and a 36-1 record last season.
Coach Rick Barnes only has one more scholarship to award, so UT's recruiting
will be over for this year if Ford commits to the Longhorns.
The Longhorn women are going to get a visit late this month from Kala Bowers,
a 6-2 forward from Woodward, Okla.
She is a national top 25 star who plays on a team that has lost only two
games in the last two years.
Coach Jody Conradt already has a pledge from the state's top prospect, 6-2
forward Heather Schreiber of Windthorst.

Kelly to Miss Fall Semester

Senior guard Darren Kelly  will miss the fall semester, Longhorn basketball
coach Rick Barnes announced last week. Kelly hopes to return to game action
for the Longhorns following the fall semester.
"It is going to be difficult not being able to play this fall, but I have
some academic issues that I need to take care of to return to the team,"
Kelly said. "I am going to attempt to take care of that this fall and hope to
rejoin the team in December."
Kelly was slated to return for his second season as the team's starting
shooting guard. He earned Big 12 Conference All-Newcomer and All-Bench team
recognition as a junior, averaging 10 points and 3.1 rebounds per game.
He was third on the squad in scoring and second in assists (81) last season.
He also was the top three-point shooter on the team and second-best in the
Big 12 (.452), including a .500 mark in league play (25-of-50).
"I'm sad for Darren because he had made such great strides in his game during
the latter part of last year and over the summer, and he had really taken a
strong leadership role on this team," Barnes said.
"With the addition of so many new guys this year, there's no question that
his loss in the fall will hurt us. Hopefully he'll be able to return to the
team and give us a big lift heading into Big 12 Conference play."

A True Orange Subscription Is
The Gift You Can Get Every
Year for Your Longhorn Friends
A subscription to True Orange is the perfect gift for any occasion for a Longh
orn who has everything else. It's only $45  ($35 by e-mail) and I'll send  an
attractive card announcing your thoughtful gift.
The only thing better is  a gift of  True Orange and the True Orange Fax  )
and you can give both for just $130 a year ($99 if they take both by e-mail).

o  I am enclosing $45 for a gift subscription ($35 e-mail)
o  I am enclosing $130 for a gift subscription to the newsletter and the fax
($99 e-mail)

Name of Recipient

Address (& fax no., if applicable)

City, State, Zip

Your Name

Any Message You Want on Card

Next Issue September 25
The next issue will be e-mailed on September 25 and will report on the
Houston game and preview the Big 12 Conference opener with Oklahoma State
September 30 in Austin.
It will also have lots of football recruiting news, a report on the team's
progress, comments from the coaches and players and reports on other Longhorn
athletic teams.

Tell Your Friends About True Orange

If you like True Orange, be sure and tell your Longhorn friends about it. I
can always use more subscribers. The more subscribers I have, the more
resources I have to call recruits and coaches and do all the other things
that give you an inside view of Longhorn sports.

I want to subscribe. I am enclosing $45 for the next year, which will include
26 issues.  A two-year subscription is $85. For a one-year subscription via
E-Mail, send $35.

Name

Street Address or Box Number or E-Mail Address

City, State and Zip Code
Remit to True Orange, P O Box 26530, Austin, TX 78755
Foreign Rates Available on Request.    Phone  512-795-8536
E-Mail Address: truorange@aol.com

I want to give a gift subscription to  True Orange. I am enclosing $45.
Please send an appropriate gift card. For a gift subscription via E-Mail,
send $35.

Name of Person Receiving Gift

Street Address or Box Number or E-Mail Address

City, State and Zip Code

Your Name


Because I'm not quite sure who to direct this request to, I'm e-mailing
everyone I think might be involved in entering new counterparty names. One of
our mid-marketers has executed a deal with Sierra Pacific Holding Company,
which is a new counterparty name and needs to be added as a choice in
Enpower. Please let me know if I've contacted the correct people, and if I've
contacted the incorrect people. (Sorry!)

Thanks,
Kate Symes
Trading Support
503-464-7486


In case you have not seen this, here it is:
http://www.ferc.gov/news/pressreleases/mitigation.pdf

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>


I forgot to leave the number where you can reach me.  It's 541-689-1335.

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


Get ready to help the Body Shop celebrate it's 15th anniversary and kick off National Health and Fitness Week.

Beginning Monday, May 14 and ending Friday, May 18, 2001 all Enron Employees are invited to work-out at the Body Shop as a complimentary guest.  Just visit http://hrweb.enron.com/wellness, print and fill-out the body shop 15th anniversary guest form, and return it to the Body Shop prior to your first workout.

The week long celebration includes a speech and autograph session with Clyde Drexler, Monday, May 14, 2001, 11:30 AM-12:00 noon (spaces will be limited and you must RSVP to Body.Shop@enron.com  by Friday, May 11, 2001, 3:00 PM); an early morning workout with the Houston Rocket's Power Girls on, Thursday, May 17, 2001 starting at 6:30 AM followed by breakfast and autograph session in the Body Shop Fuel Station at 7:30am - 8:30am; a boot camp style class led by the German/American Foreign Legion and much, much more.

Visit the Body Shop website for a detailed calendar of events, or for additional information, please e-mail the Body Shop at Body.Shop@enron.com.


New York Times...
Power supply levels in CA this week....
---------------------- Forwarded by Jennifer Rudolph/HOU/EES on 12/06/2000
08:36 AM ---------------------------
   Elizabeth Peters                12/06/2000 08:09 AM

To: Jennifer Rudolph/HOU/EES@EES
cc:
Subject: Crain and deregulation: Once More, California Comes Close to Running
Out of Electricity

California team
Beth
---------------------- Forwarded by Elizabeth Peters/HOU/EES on 12/06/2000
08:09 AM ---------------------------

djcustomclips@djinteractive.com on 12/06/2000 04:56:50 AM
Please respond to nobody@mail1.djnr.com
To: 245475@mailman.enron.com
cc:
Subject: Crain and deregulation: Once More, California Comes Close to Running
Out of Electricity

National Desk; Section A
Once More, California Comes Close to Running Out of Electricity
By LAURA M. HOLSON

12/06/2000
The New York Times
Page 20, Column 3
c. 2000 New York Times Company

   LOS ANGELES, Dec. 5 -- For the second time in as many days, power
companies today were forced to shut down electricity to customers
statewide as California came the closest it has this season to running
out of power, state officials said.

   As late as tonight, energy officials were concerned that they would
be forced to announce a last-resort emergency as power reserves crept
close to a dangerous level of 1.5 percent, and utility companies would
have been required to institute rolling hourlong blackouts in various
parts of the state. Such last-resort steps have never been taken in
California before.
   On Monday, Californians were urged to postpone turning on Christmas
lights until later in the evening as use hit near record levels for this
time of year.

   Then, as today, state officials declared an intermediate-level
emergency, which meant power reserves dipped to 5 percent and utilities
began cutting service to large customers who had agreed to the cuts in
exchange for lower rates. In a Stage 3 emergency, the worst situation,
any customer's service can be shut off.

   ''We are riding the edge right now,'' said Patrick Dorinson, a
spokesman for the California Independent System Operator, which manages
the electricity system for 75 percent of the state and charged with
ensuring that there is enough power for users. ''This will only get
tougher.''

   Mr. Dorinson said the shortfall  was the result of several factors,
including the fact that a number of power plants were not running
because of maintenance or would have violated air quality standards if
they had. Additionally, power imports from the Northwest were cut in
half because of a cold snap there, he said.

   Californians have been plagued since last May by both an electricity
supply shortage as well as high prices, the result of deregulation.
Consumers in San Diego revolted last summer when electricity bills
nearly tripled and when officials said the state had severe energy
shortfalls 23 times. But emergencies like the one this week are almost
unheard of in late fall when usage is usually low compared with summer.

   ''If you have rolling blackouts, that shows that the system is
failing,''  said Paul Jaskow, a professor of economics at the
Massachusetts Institute of Technology who has studied the deregulation
of California's electricity market. Before deregulation, he added, ''the
system was designed so that this happened rarely. If it happens
repeatedly businesses and customers will get angry.''

   Steve Maviglio, the press secretary for Gov. Gray Davis, said: ''It
is the perfect storm of the energy situation in California. This is Day
1 of what is to be a two-week problem.''

Folder Name: Crain and deregulation
Relevance Score on Scale of 100: 92

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved


Below is a summary of my discussion w/ Norman Abood (General Counsel for GAF) in response to our termination letter dated 10/16/01 and his written response on 10/17.  Basically, I told Norman it was time to stop the paper trail and either get down to closing or go our separate ways.  I emphasized our primary concerns as follows:

	1.  GAF's ability to fund its equity
	2.  finalizing the feedstock supply and products off-take
	3.  Morgan's commitment to finance the debt
	4.  defining the pool of assets to be collateralized
	5.  evidence of insurability, and
	6.  restructuring of GAF's PSA w/ Farmland.

I also emphasized our frustration over the "continually moving targets" (debt, collateral, equity, feedstocks, etc...) and told him I will NOT continue to expend resources and time playing games.  Finally, I told him I was willing to re-engage on the following terms:

	a.  GAF submit either a written set of comments to our 9/21 MOU or a counter-proposal to us by Monday, 10/22.
	b.  If, subject to OUR review and based on US believing there's merit to proceed that we get ALL PARTIES (GAF, 	     Morgan Stanley and EGM) together and hammer out a definitive and final version of the MOU including, but not 		     limited to the primary concerns above (w/ all parties having "subject to senior management and/or Board approval" 	     language/conditions).  The purpose here is to get all the T&C down in writing with everyone in the room in 	     conceptual agreement which will make it more difficult for the targets to move.
	c.  Morgan Stanley must be willing to sign some form of commitment letter evidencing their willingness to finance the 	     transaction.

GAF will then have some finite/specific period of time in which to approach Farmland and restructure their deal as necessary to close the transaction.

Norman agreed in principle and committed to get back to us by tomorrow.  Hopefully, this will once and for all define whether or not this deal can get done.

Randy Maffett
Vice President - Enron Global Markets
Office:     (713)853-3212
e-mail:     randal.maffett@enron.com

Assistant:     Beth Ryan (713)345-7161
                  beth.a.ryan@enron.com


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Scott,

I'm handling outside counsel, and spoke with him this week.  I'm prepared to
give legal advice on the issue.

Scott Laidlaw@ENRON_DEVELOPMENT
12/15/2000 10:00 AM
To: Kay Mann@ENRON
cc: Chris Booth@ENRON, Dan Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ben F
Jacoby@ECT

Subject: westinghouse 501D5A gtg, with damaged generator - outside counsel

plz provide name, address, phone number of outside counsel.  i'd like to set
up a meeting for early next week between scott, chris, kay, and outside
counsel to outline the issues and establish the framework for an expedited
legal opinion on enron's position.  plz advise.  thanx.  scott.


Hey Brett,

What's been going on?  Been surfing the net lately and and ran across this .
. . pretty funny!

http://www.brettlawler.com


Start Date: 1/8/02; HourAhead hour: 13;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010813.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 13 / Preferred:  20.75 / Final:  20.72)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 1/8/02
  SC_ID: ENRJ


It currently appears that I will be on the road Wednesday and Thursday.
Figures!

I am going to send you a copy of the marked up interconnection agreement,
which has comments from various Enron people. I thought it might help you
think about which way to head.

I would appreciate receiving an electronic file of the IC you prepared.

Talk to you soon,

Kay


We've done it again, everyone.   Enron has been named the "Most Innovative
Company in America" for the sixth consecutive year by Fortune.  That's right
-- six years in a row.   We continue to be recognized by our industry peers
and other corporate executives and securities analysts as the company that
sets the standard for doing business in the new economy.  Congratulations to
all of you for making it happen.

Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year.  We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."

This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12.  For more information, go to www.fortune.com.


Rick Shapiro asked me to forward his response to me to the rest of the
Project Stanley team.

---------------------- Forwarded by Robert Hemstock/CAL/ECT on 09/01/2000
10:20 AM ---------------------------

Richard Shapiro@EES
09/01/2000 06:50 AM
To: Robert Hemstock/CAL/ECT@ECT
cc:
Subject: Re: Project Stanley - Recent Meetings with Alberta Government and
TransAlta

Absent Milnthorp's concern, I believe we should participate in coalitions and
issues that make business sense as this one appears to- While we need to be
cognizant of Stanley, it should be business as usual... so I would
participate if that were the decision we would make absent Stanley..... We
did nothing wrong in Stanley and this is an issue, i.e; B.C. Hydro/powerex
transmission market power that needs to be remedied. I would also ask
Milnthorp to reconsider his objection to participating while we're in
litigation - I think on issues like this where we have common ground that are
unrelated to the litigation, we need to rise above it and work to achieve the
common objective. Thanks.

To: Richard B Sanders/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES,
Aleck Dadson/TOR/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, awm@blakes.com,
glenn.leslie@blakes.com, dwm@blakes.com, Eric.Thode@enron.com
cc: Rob Milnthorp/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT
Subject: Project Stanley - Recent Meetings with Alberta Government and
TransAlta

"Privileged and Confidential"

Please note: I have not sent this memo to GPC.

1.  Meeting with Alberta Department of Resource Development

Rick Shapiro, Aleck Dadson, and I met with two senior officials from the
Alberta Department of Resource Development last week (Larry Charach,
Executive Director, Electricity  and Stan Wenger, Assistant Deputy Minister,
Gas & Alberta Markets) and it is our view that the ADRD is not aware of
Project Stanley based on some rather awkward questions we were asked by Larry
Charach relating to our views on whether Powerex has complied with the spirit
of the rules in Alberta.

2. Meeting with TransAlta and Other Alberta Marketers

I attended a meeting of Alberta marketers last week hosted and organized by
TransAlta's trading group.  TransAlta proposed the companies in attendance
form a coalition whose mandate and objective would be to retain counsel (U.S.
and Canadian) along with possibly other experts to assist the coalition in
formulating a strategy designed to address concerns of the invited market
participants with B.C. Hydro Power Supply, B.C.Hydro Grid Operations and
Powerex's alleged improper use of the Network Economy Tariff provisions in
the B.C. Hydro Wholesale Transmission Tariff.

The attendees at the meeting included representatives from 4 of the 5 Alberta
PPA Buyers, namely Enron, TransCanada Power, Engage Energy, and Enmax along
with Atco Power, PanCanadian, Duke Energy, and Aquila.  In addition, although
Bonneville Power Administration was not in attendance it was interesting that
TransAlta advised that BPA  shared TransAlta's concerns and was interested in
working with this group to address these concerns.

At the meeting TransAlta walked the group through a specific example of a
situation that occurred in May 2000 where TransAlta alleges that both it and
TransCanada Power were blocked from using scheduled interruptible
transmission capacity out of Alberta by B.C. Hydro Power Supply through its
use of the Network Economy provisions in the B.C. Hydro Wholesale
Transmission Tariff (which has a higher priority than interruptible
transmission) during a period when prices were considerably higher in the
Pacific Northwest than in Alberta.  As a result of the interruption of
TransAlta's and TransCanada's interruptible transmission reservation,
transmission capacity between Alberta/BC border and BC/US border became
available and was immediately acquired by B.C. Hydro Power Supply and used to
support Powerex exports during these periods into the U.S.    TransAlta
estimates the opportunity cost  of this curtailment to TransAlta was $2
million.

TransAlta's frustration is no surprise to Enron Canada.  I can advise that I
wrote a memo to John Lavorato dated March 17, 2000 in which I reviewed
Enron's concerns regarding the behavior of B.C. Hydro Power Supply  and
Powerex that is very similar to the allegations presented by TransAlta.  The
purpose of my memo to John L was to outline my initial thoughts on what Enron
Canada may wish to do to attempt to stop this abuse and was focused on the
idea of proceeding with a complaint to FERC that B.C. Hydro Power Supply and
Powerex were exercising transmission market power.   Enron Canada did not
pursue this any further at the time.

Among the ideas reviewed by TransAlta with the group to address and rectify
the abuse it alleges exist on the transmission path between Alberta and the
U.S. Pacific Northwest included:
 i) a complaint to ADRD and a request they become involved;
 ii) a complaint to the Alberta Market Surveillance Administrator;
 iii) a complaint to FERC;
 iv) a complaint to the BCUC;
 v) a complaint to the B.C. Government;
 vi) a complaint to the NEB;
 vii) a complaint to the Competition Bureau; and/or
 viii) a NAFTA complaint.

With respect to TransAlta's comments relating to the Competition Bureau, they
advised the group that they have spoken to the Competition Bureau about their
concerns and were told by the Competition Bureau that it is monitoring the
Alberta electricity market.   Based on the description provided by TransAlta
of its discussions with the Competition Bureau and other comments made by
TransAlta at the meeting I do not believe TransAlta is aware of Project
Stanley.    I believe the comments made by the TransAlta trader Enron's
trader last month about the Competition Bureau were not about Project Stanley
but were in the context of TransAlta complaining to the Competition Bureau
about B.C. Hydro Power Supply and Powerex's alleged abuse of the Network
Economy provisions in the Tariff.

The next step in the coalition building process is a meeting on September 11,
2000 of those companies that wish to proceed to form a coalition.  The idea
is that the coalition members would work out the terms of confidentiality
documentation prior to any member sharing historical information that it may
wish to provide relating to potential abuses by B.C. Hydro Power Supply or
Powerex.  In addition they intend to begin to consider which of the possible
courses of action described above would be most effective.  It appears from
the discussion at the initial meeting that the option that involves a
complaint to FERC is the most favored by TransAlta at this time.  Finally,
they intend to discuss a preliminary budget which TransAlta suggested may be
in the range of $500,000 Cdn if the group elects to proceed with a complaint
to FERC.

There are without question a number of reasons why a decision that Enron
Canada should not even consider having any part of this coalition in view of
the Project Stanley matter is the safest strategy.  Having said this, Enron
Canada has a significant commercial interest in seeing this coalition (with
or without Enron) achieve its objective to reduce or eliminate B.C. Hydro
Power Supply's and Powerex's ability to use the Network Economy Service to
block its competitors from access to import capacity into Alberta and export
capacity into the U.S.   Enron Canada's recent acquisition of the Alberta
Sundance B PPA (700 MW of capacity dispatch rights in Alberta) makes this
issue even more commercially significant as the ability to contract for
transmission capacity without the risk of a reasonable probability of
curtailment as a result of B.C. Hydro Power Supply invoking Network Economy
Service would represent a significant risk mitigant for Enron's Sundance B
long position.   There is also some benefit of participating in the coalition
to influence the direction it takes and to stay abreast of what it is doing.

I have discussed the matter with Rob Milnthorp and he agrees that the
decision to participate in the coalition would obviously have to be
considered and approved by those managing the Project Stanley issue.   If the
decision of the Project Stanley team is that Enron Canada must steer clear of
this coalition because of Project Stanley, then Rob M and other commercial
guys in ENA who do business with Powerex will not need to give further
consideration to additional reasons why Enron Canada may elect not
participate such as: i) the implications on Enron Canada's and ENA's
commercial relationship with Powerex, ii) whether Enron Canada  would be
prepared to commit to anything more than attending the first meeting of the
coalition with a view to understanding the nature of the confidentiality
obligations, the favored course of action, and the budget,  iii) whether
Enron Canada would explicitly reserve the right to withdraw from the
coalition at any time, and iv) whether Enron would want to be in a coalition
with BPA who I understand we believe may also be engaged in exercising
transmission market power .  To complicate this further, Enron Canada is
presently being sued by TransAlta over the interpretation of the wording in
two swap transactions and Rob Milnthorp has indicated that Enron Canada will
not agree to participate in any coalition with TransAlta unless and until
TransAlta discontinues this lawsuit.

I look forward to your comments and feedback on this issue.

Regards,

Rob


----- Forwarded by Jeff Dasovich/NA/Enron on 03/10/2001 12:25 PM -----

	Vicki Sharp@EES
	03/10/2001 10:35 AM

		 To: Dan Leff/HOU/EES@EES, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron
		 cc: Donna Teal/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Douglas Huth/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Jeff Messina/HOU/EES@EES, Mike D
Smith/HOU/EES@EES
		 Subject: Re: URGENT - ACTION - Meeting Notice = 3/11/01

UC/CSU has brought an action in Federal Court in Oakland seeking to have its
physical delivery service returned to direct access.
Would the  regulatory affairs team I am copying on this letter decide who the
point person should be for us to communicate with.  We would hope  that you
could participate in the call or we could debrief you afterwards.   Thanks.

Dan Leff
03/10/2001 05:56 AM
To: Donna Teal/HOU/EES@EES
cc: Vicki Sharp/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Douglas Huth/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Jeff Messina/HOU/EES@EES, Mike D
Smith/HOU/EES@EES
Subject: Re: URGENT - ACTION - Meeting Notice = 3/11/01

Mike Smith needs to be involved in all of this communication

Thank you - Dan

Donna Teal
03/09/2001 10:48 PM
To: Vicki Sharp/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Douglas Huth/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Evan Hughes/HOU/EES@EES
cc: Jeff Messina/HOU/EES@EES
Subject: URGENT - ACTION - Meeting Notice = 3/11/01

Please plan to attend this meeting; Tom and Doug, please call in.

Date:  Sunday, March 11
Time:  1:00 - 5:00 pm
Location: EB872
Topic:  UC/CSU
Host:  Jeff Messina
Dial In No.: 1-800-991-9019
Passcode: 6 0 6 9 9 6 3

Conference call phone number 800-766-1863 - - confirmation no. 3702121

If you have any questions, please call Jeff Messina at 281-361-9185.

Regards,
Donna for Jeff Messina

Contact Information

Name	Office No.	Pager No.	Home No.	Cell No.
V. Sharpe	713-853-7413		713-472-8072	713-822-3048
T. Riley	925-543-3703	888-937-4479	925-254-6416	510-928-9292
D. Huth	925-543-3709	888-797-9446	925-362-0008	925-381-7205
P. Mahoney	713-345-7034		713-667-8511	713-504-4338
M. Sunde	713-853-7797	888-753-9478	713-355-9138	713-553-1582
D. Leff	713-853-7903		713-688-1622	281-650-1199
E. Hughes	713-345-3311			713-444-3125
J. Messina	713-853-9293	888-395-3127	281-361-9185	713-504-9031


FYI from Karen and after talking to TAP re: your flights for this: it looks
like it would be easier for you to go to & from LAX.....I will forward your
options upon receipt!

Additionally, re: Denver:  departure choices are:
dep SFO 12:20 arrive DEN 3:45; or
dep SFO 1:20 arrive DEN 4:45 or
dep SFO 2:25 arrive DEN 5:50 (which is what I had actually booked you on)
your call!
Advise me ASAP,
Thanks
"Peppy"
---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/25/2001 11:29
AM ---------------------------

Karen Denne
05/25/2001 11:20 AM
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: LA Chamber Info

Joseph -- here's the info...

The meeting will be held Tuesday, June 5, 2001 from 12:00 noon until 2:00
p.m. at the Chamber's offices located at 350 S. Bixel Street, Los Angeles,
CA


They're great...awesome country music.  Don't be too scared.


Dear Don,  President Bush delivers his State of the Union address Tuesday evening, and on Wednesday our Washington bureau will bring us complete coverage of the speech as it relates to energy.  During his address, the President will likely discuss the pending debate in the U.S. Senate over comprehensive energy legislation.  President Bush is not expected to mention Enron by name, but he's expected to touch on some of the issues raised by the company's bankruptcy.   There's a regular Federal Energy Regulatory Commission meeting on Wednesday.  There are a host of issues on the agenda including the Commission's new push to address market power and the California case.   Finally from Washington, in the wake of the Enron implosion, there's talk of a new lobbying effort on behalf of electricity restructuring.  Former FERC Chairman James Hoecker is spearheading the effort and will talk with us during the 10:00 a.m. ET newscast tomorrow about where those efforts stand.   Altira Managing Partner Dirk McDermott talks about challenges new energy companies face when trying to find investors, especially since the Enron crisis.  On Wednesday in the Houston bureau, we'll hear from McDermott and have details on his speech from Energy Venture Fair II, where he addressed the issue.   Also from Houston, AES New Energy President Clem Palevich talks about the challenges his company faces in the new Texas electric deregulated market in Texas.     Bonneville Power Administration Spokesperson Mike Hansen will join West Coast Correspondent Kym McNicholas during the 1:00 p.m. ET newscast on Wednesday.   Hansen will discuss how lower market prices will lead to higher rates in the Northwest.      More on energy prices - from New York on Wednesday, Merrill Lynch Senior Economist Gerald Cohen will discuss the impact of energy prices on the economy.  He'll also give us his expectations for the Fed.  Catch Cohen during the 11:00 a.m. ET newscast tomorrow.    Closing Prices for Tuesday, Jan. 29, 2002    Crude: $19.58/bbl -$0.47   Unleaded: $0.5669/gallon -$0.0142   Heating Oil: $0.5205/gallon -$0.0108   Gas: $2.006/mmBtu +$0.098   Fwd uE(Feb.): $3.39/mmBtu +$0.03   Keep in mind things are subject to change at a moment's notice. Occasionally guests have to reschedule or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap Video Windows Media Player: 56K  |  100K  |  300K  Real Player: 56K  |  100K  |  300K  (Requires Windows Media Player or Real Player )   Experience all that Williams Energy News Live has to offer!   If you are receiving this letter for the first time and wish to continue, subscribe now    To stop receiving this letter, unsubscribe now    If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/12/2001
03:38 PM ---------------------------
From: Iris Mack/ENRON@enronXgate on 04/12/2001 02:44 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: FW: Parent - Subsidary Model

Hi,

I don't know if you have the attached document from Ben Parsons.

As we discussed earlier, Anita put me on your calendar for next Tuesday at 2
pm to discuss the Duffie project.  I hope that is ok.

Thanks,
Iris

 -----Original Message-----
From:  Valnek, Tomas
Sent: Tuesday, April 10, 2001 9:10 AM
To: Fiala, Markus; Seyfried, Bryan; Salmon, Scott; Kirkpatrick, Eric;
Mumford, Mike; Fontaine, Jean-Sebastien; Brooks, Simon; Price, Nigel;
Diprose, Robert; Rezaeian, Reza; Gordon, Mike; Lee, Derek; Hershkovitz, Ilan;
Golden, Sally; Stephan, Nicholas; Albanis, George; Shanbhogue, Vasant; Mack,
Iris
Cc: Parsons, Ben
Subject: Parent - Subsidary Model

Attached is a description of the parent-subsidiary model that Ben and I have
been working on over the last few weeks.

Comments welcome!

TV


By now, you all should have received passwords for Dynegy Direct.
Originally, you were each granted read-only rights.  However, the only way to
print the long product descriptions is if you have Execute Rights.
Accordingly, you have now been given Execute Rights.

After our initial review of all products is completed, each of us will need
to conduct a regular monthly audit to ensure that no new products have been
added and/or to review new products and to review changes to existing
products.  I would ask each of you to contact your traders at some point to
let them know that you are the person to be contacted if they notice new
products or changes to existing products that they are interested in on
DynegyDirect.  In light of this audit responsibility and to make review of
the products easier, I felt it important that we be able to print out the
descriptions.

Please be careful maintaining the confidentiality of your password as it can
be used to bind Enron to transactions with Dynegy.

If you have any difficulty using the system for the first time (log on to
www.dynegydirect.com -- you will be required to install software to enter the
trading floor), please let me know.  If you have any other questions about
Dynegydirect, don't hesitate to give me a call or stop by.

Regards,

Leslie


don't you guys think we need at least a 7th for golf so they will
not make us pair up with someone else? my friend christian
cancelled when he found out kevin was going to be there.  thanks
alot kevin!!!

ricardo

---------- Original Message ----------------------------------
From: "Mark Molnar" <MarkM@cajunusa.com>
Date: Fri, 14 Sep 2001 10:37:23 -0500

>Jerry is a no for Sat.
>
>>>> "siva66" <siva66@mail.ev1.net> 09/14/01 10:30AM >>>
>i hope so because we only have 6 so far: kevin, mark, dutch,
>richard, ernie, and myself.
>
>
>---------- Original Message ----------------------------------
>From: "Mark Molnar" <MarkM@cajunusa.com>
>Date: Fri, 14 Sep 2001 09:28:40 -0500
>
>>I'm glad someone else is starting to see what I've had to put up
>with all of these years.  You should have heard his response as
to
>why he couldn't pay the rent or the phone bill or go grocery
>shopping for the month.  Oh wait a minute that was Rob, not
>Jerry.  I always get the two mixed up.  Once again I will
>ask.....Jerry are you going to go golfing manana?
>>
>>>>> <Dutch.Quigley@enron.com> 09/14/01 08:10AM >>>
>>jerry is practicing his law talk
>>did not answer the question but gave a 500 word response
>>
>>    -----Original Message-----
>>   From:   "Mark Molnar" <MarkM@cajunusa.com>@ENRON
>>             [mailto:IMCEANOTES-
>+22Mark+20Molnar+22+20+3CMarkM+40cajunusa+2Ecom+3E+40ENRON@ENRON.c
o
>m]
>>
>>
>>   Sent:   Friday, September 14, 2001 8:00 AM
>>   To:     martier@cpchem.com; Quigley, Dutch;
>>             IMCEANOTES-Wolphguy+40aol+2Ecom+40ENRON@ENRON.com;
>>             ras1119@hotmail.com; siva66@mail.ev1.net;
>jramirez@othon.com;
>>             klyn@pdq.net
>>   Cc:     john_riches@msn.com
>>   Subject:  RE:
>>
>>   Three
>>
>>   >>> "Martinez, Ernesto Jr" <martier@cpchem.com> 09/13/01
>06:30PM >>>
>>   WHat is the over/under on the number of times Jerry throws
his
>club(s)?
>>
>>   -----Original Message-----
>>   From: Quigley, Dutch [mailto:Dutch.Quigley@ENRON.com]
>>   Sent: Thursday, September 13, 2001 5:45 PM
>>   To: Wolphguy@aol.com@ENRON; Martinez, Ernesto Jr;
>ras1119@hotmail.com;
>>   siva66@mail.ev1.net; klyn@pdq.net; jramirez@othon.com;
>>   markm@cajunusa.com
>>   Cc: john_riches@msn.com
>>   Subject: RE:
>>
>>
>>   ok that is fine , I will give mark jerry's' balls , I just
>want a chance
>>   to kick your ass at golf buddy
>>
>>   I am still waiting for Nov. 2 .................then I can
kick
>the ass
>>   of a golfing lawyer
>>
>>   dq
>>
>>   >  -----Original Message-----
>>   > From:      Wolphguy@aol.com@ENRON
>>   > [mailto:IMCEANOTES-Wolphguy+40aol+2Ecom+40ENRON@ENRON.com]
>>   > Sent:      Thursday, September 13, 2001 5:28 PM
>>   > To:   martier@cpchem.com; ras1119@hotmail.com;
>siva66@mail.ev1.net;
>>   > klyn@pdq.net; jramirez@othon.com; markm@cajunusa.com;
>Quigley, Dutch
>>   > Cc:   john_riches@msn.com
>>   > Subject:   RE:
>>   >
>>   > Alright, I'll throw my two cents in.  Dutch is right, Ricky
>is right,
>>   > Ernie is right, as is Kevin and everyone else who
>responded.  We are
>>   > an extremely fortunate bunch.  We tend to be
extraordinarily
>resilient
>>   > and forgiving.  I took a bunch of flak over the past three
>years for
>>   > my frequent absences, however, they were not absences
>because of a
>>   > flippant attitude.  Law school took its toll as did
>accommodating Jo's
>>   > set of friends.  My time had to be split many ways and it
>can be
>>   > difficult to juggle everything as I am sure you are all
>aware.  But,
>>   > mind you, I was not absent because I didn't care, or found
>something
>>   > better to do.  It was never because I didn't want to.  At
>the risk of
>>   > this becoming even more of a love in, you guys should know,
>as this is
>>   > apparently the only opportunity we've taken, you are my
>friends.  And
>>   > I would like to keep it that way.  I have to go now.  Mark
>says that
>>   > that the keyboard placement blocks his access to my balls.
>>   >
>>   > Jerry
>>
>>
>>
>******************************************************************
*
>***
>>   This e-mail is the property of Enron Corp. and/or its
relevant
>affiliate
>>   and
>>   may contain confidential and privileged material for the sole
>use of the
>>   intended recipient (s). Any review, use, distribution or
>disclosure by
>>   others is strictly prohibited. If you are not the intended
>recipient (or
>>   authorized to receive for the recipient), please contact the
>sender or
>>   reply
>>   to Enron Corp. at enron.messaging.administration@enron.com
and
>delete
>>   all
>>   copies of the message. This e-mail (and any attachments
>hereto) are not
>>   intended to be an offer (or an acceptance) and do not create
>or evidence
>>   a
>>   binding and enforceable contract between Enron Corp. (or any
>of its
>>   affiliates) and the intended recipient or any other party,
and
>may not
>>   be
>>   relied on by anyone as the basis of a contract by estoppel or
>otherwise.
>>   Thank you.
>>
>******************************************************************
*
>***
>>
>>
>>
>
>
>________________________________________________________________
>Sent via the EV1 webmail system at mail.ev1.net
>
>
>
>
>

________________________________________________________________
Sent via the EV1 webmail system at mail.ev1.net


Happy New Year from Inside FERC,

Monday (Dec. 31) is the last business day of 2001, and it's the final
deadline for Inside FERC's Gas Market Report's January 2002 bidweek
spot-price survey.

* * * PLEASE NOTE THAT THE KDOOL@MH.COM E-MAIL ADDRESS IS NOW DEFUNCT. ALL
E-MAIL SENT TO IT WILL BE LOST.  PLEASE CHANGE YOUR ADDRESS BOOKS TO
Kelley_Doolan@platts.com. * * *

If you are done with your January business today (Friday, Dec. 28), feel
free to send your final prices today before the close of business.

Attached is an Excel workbook (IFMONTH2.XLS) to report your price data in.

Please take a moment to review the instructions at the top of the file. They
specify what kinds of deals to report and -- more importantly -- what deals
NOT to report.

Please note that a significant portion of our survey respondents are
reporting counterparties with their deals.  We want you to too. Please list
counterparties in the "comments" column. Counterparty information is held in
confidence and not shared with third parties.

Reported deals with counterparty information are treated as more reliable
than trades without.  When there are question about prices reported, the
counterpartied deals carry the weight. Trades without do not.

Please make sure to add the name of a contact person for your company and a
telephone number to reach them with at the top of your price file.

When you are done, e-mail the price workbooks back to both
kelley_doolan@platts.com and MHENERGY@YAHOO.COM by 1:00 PM (Central), on
Monday, Dec. 31.

January monthly prices will be published on Wednesday, Jan. 2.

As always, thanks for your help, and if you have any questions, please feel
free to call or e-mail me at the telephone number or address below.

Best wishes in the new year,

Kelley Doolan, chief editor
202-383-2145
kelley_doolan@platts.com

IF YOU WOULD LIKE TO BE TAKEN OFF THIS REMINDER LIST please either call me
or send an e-mail, and I will take you off right away -- KD

 - ifmonth2.xls


Sorry, Eric.  Didn't mean to leave you out.

 -----Original Message-----
From: 	Vuittonet, Laura
Sent:	Thursday, January 17, 2002 11:43 AM
To:	Baumbach, David; Weldon, V. Charles; Farmer, Daren J.; Olsen, Michael
Subject:	FW: MOUSE

Watch the whole thing ;)


As mentioned in my previous message, the attached file is the last
presentation of the three that I attempted to send to you previously.  If you
have any problems opening the file, please notify me and we will send you the
hard copies immediately.

Thank you.


So, I got the scoop from Phil, and he says that YOU called him and told him
the Riverside deal would be decreased to .55 from the usual .8 - go figure!
Also, it looks like Jeremy just missed the .8 mw of generation in the 4/15
and 4/16 sheets, which in turn I did not include in your sheet. I've revised
it and attached the spreadsheet, but please let me know if you have any other
questions.

Daniel Kang@EES
04/18/2001 06:47 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Daily EES Positions through 4/19

Hey Kate,

For 4/15 and 4/16, our schedules that we sent you show a Riverside
Generatioin component of 0.8 every hour (SP15).  This is not reflected in
your current April update.  The EnPower columns for these days should be
increased by 0.8 for every hour.  Right?

Also, The generation component that I sent you for Wednesday and Thursday
(which I sent Monday morning) had a generation component of 0.8.  In reality,
it was actually 0.55.  I didn't have the generation schedule from Riverside
and had to assume a value so I assumed it would be 0.8 because that's where
it had been for a while.  In your current file, you have the correct value of
0.55.  How did you know this?  Did Riverside call you to tell you they were
at 0.55 instead of 0.8?  Let me know.  Thanks.

Dan


Mary:

Is the issue below confirmed volumes versus actual flow?  The large variance
between confirmed and actuals began in June 2000 where 30 MMBtu was scheduled
for Dix Ranch and zero for the Big Cowboy and Big Cowboy #2 wells.  It
appears that the volumes for these wells were scheduled at Despain where
985,350 MMBtu was confirmed.  This well has never flowed this much volume,
and in June 2000 it flowed approximately 320,000 MMBtu.  Do we actually have
support (i.e we talked with someone or have a nom sheet) for the 985,350
MMBtu that was entered into MOPS as confirmed?  This trend of "nothing" being
confirmed at these three wells continued until July 2000.  In August 2000
this scenario changed and 612,388 was confirmed at Dix Ranch and nothing was
scheduled at the Big Cowboy and Big Cowboy #2 wells.

From reading your memo below it also appears that more volume is flowing at
these wells that we expected.  If the issue is an actual increase in the
volumes flowing at these wells, I would suggest that you call our Gas
Measurement department and ask them to audit Coral's charts. Coral may be is
calculating the volumes incorrectly.

This could also be an allocations issue.  The allocation as it is in the
System today closely agrees with the allocation statement that I receive
monthly from Karen Lambert at Tejas.  The only differences between the Tejas
schedule and what is in MOPS are the Acock production and Gain or Loss which
are not scheduled and therefore not allocated.  I know that you are working
on the Acock production and Tom Acton and I are working on the Gain/Loss.
Tom will tell me how to path the gas so that I can set up accounting
arrangements for April 1999 forward.  Scheduling will have analyze and
possibly rework January through March 1999 because these months were
originally set up in POPS.

I want to help, so if I have missed the issue(s) would you please clarify it
or them for me and let me know if I need to do anything for you.

Thanks,

Fred

Tom Acton@ENRON
09/28/2000 08:10 AM
To: Fred Boas/HOU/ECT@ECT
cc:
Subject: Big Cowboy for August

---------------------- Forwarded by Tom Acton/Corp/Enron on 09/28/2000 08:09
AM ---------------------------

Mary Poorman
09/27/2000 03:56 PM
To: Daren J Farmer/HOU/ECT@ECT, Tom Acton/Corp/Enron@ENRON
cc: Clem Cernosek/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT

Subject: Big Cowboy for August

Daren & Tom,

Beginning with August production, I noticed that Big Cowboy, into King Ranch
appeared to be flowing approximately 9M over the nomination/day.  Per a
conversation I had with Fred Boas today, I discovered that two wells with
zero noms flowed a considerable volume.

They are as follows:

 Rocher Big Cowboy (27002) - 42,000 approx.
 Big Cowboy #2 (27003 - 84,000 approx.
  Total flow:  126,000 MM's, more or less

I think that this may be part of the production increase which we are trying
to account for, in addition to the Acock production at the Briscoe well which
came on in August.  Please let me know what you think.  I would like to make
sure that we are capturing our purchases correctly for both accounting and
our economics.

Thank you,

Mary


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

The NYISO is delaying issuance of the November & December 1999 - 2nd
Settlement Adjustments, scheduled for September 7th, by a week.  The delay
is necessary to make corrections to the re-engineered invoicing process
under which these settlements will be made.

Settlements for November 1999 through March 2000 were "trued-up" once under
a process that only adjusted settlements at the hourly interval level.
Upon realizing that the now superseded process was deficient in its ability
to "true-up" settlements at the SCD interval level, the process was
completely re-engineered and put into operation in February 2001.

In order to perform the 2nd settlement adjustments [a.k.a. true-ups] for
November through March under the new process, the 1st true-ups of these
months must be reversed to create the billing determinant measurement set
that was used in the 1st true-up.  The newly acquired billing determinants
for the 2nd settlement adjustments will then be netted against the set from
the 1st true-ups.  That delta will then become the amount invoiced for the
2nd settlement adjustment.

This delay is to fix mapping problems observed between the old measurement
set invoicing format and the new measurement set formats.  Invoices will be
issued once the mapping problems have been corrected and we am satisfied
that the settlements can be readily reconciled by our Market Participants.
The NYISO apologizes for this delay and any resultant problems.

Regards,
Randy A. Bowers
Manager - Customer Settlements


Steve:  We need to give Ken Lay a heads up and coordinate strategy for a
phone call he will receive during the  August Congressional recess from
MidAmerican's CEO David Sokol if the electricity restructuring bill does not
pass this Congress (which is currently the most likely outcome.)  Mr. Sokol
will invite Ken Lay to attend a Winter meeting in the west with a few key
CEO's for the purposes of their coming to the table to complete the consensus
approach we have already developed within the DOE Stakeholders and the
MidAmercian Roundtable groups.  The proposed general format would be to have
Ken Lay, David Sokol, John Rowe, Earl Nye, and Alliant's Davis (i.e. the EEI
Executive Committee) meet for 1-2 days to forge the consensus framework
principles for the general bill.  On the third day, they would invite
Congressman Tauzin, Congressman Dingell, Congressman Barton, Senator
Murkowski,  Senator Bingaman, etc. to deliver the deal and achieve their
buy-in.

I  successfully requested that MidAmerican's lobbyist add high tech companies
to the mix.  Thus, we will have to prepare Ken Lay to ask for these attendees
and to offer to contact the correct CEO's (i.e. from APX....but if Sun, Cisco
and other users could be made interested to participate, this would be
politically helpful.)  Too, in addition to inviting a few essential key
participants, we should discuss conditions Ken Lay may wish to place on his
participation (i.e. other than transmission open access and functional
separation, do we want to ask for something more next Congress?)  Further, we
will need to debrief him on all the consensus developed here to date on
interconnection, Private Use, market power, etc.

Because of the change in EEI's leadership this year, they will necessarily
need to support bill passage next Congress in order to meet John Rowe's
wishes.  Although we need to prepare Ken Lay, we should keep this
confidential outside of Enron.  Further,  my notification should not be
allowed the steal David Sokol's "thunder" when he actually places the call.

Please advise me as to what materials or further information you need from me
on this matter.  thanks, Cynthia


Please find attached the Curve validation & Profit and Loss report for
January 2001

Regards,
Mike
x36625


I have checked with Kim Theriot and if no one has any objections, we would
like to be consistent with the way we have handled agency situations
previously.  Set the name  up in Global as Alliant Energy Corporate Services,
Inc. , as authorized agent .  I will make a counterparty specific template
that includes the rest of the legal name of the counterparty.  We have sent
this format to other agency entities and it was accepted.

Please let me know when this has been done.  We will have to move records in
the Enpower system because a new record was set up.

Thanks!


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Hows your day


---------------------- Forwarded by Eric Bass/HOU/ECT on 08/30/2000 09:32 AM
---------------------------

	From:  Jody Crook @ ENRON                           08/30/2000 09:22 AM

To: Kevin.Dickerson@coastalcorp.com, celias@kmg.com, crabon@msn.com, Eric
Bass/HOU/ECT@ECT, Ami Chokshi/Corp/Enron@ENRON, Crookdj@cottoninternet.net
cc:
Subject: Cast your vote!!

---------------------- Forwarded by Jody Crook/Corp/Enron on 08/30/2000 09:18
AM ---------------------------

"Sanger, Lee-Ann F" <lee-annsanger@ou.edu> on 08/29/2000 02:53:00 PM
To:
cc:

Subject: Cast your vote!!

Dear Sooners -

School is back in full swing. Apart from the heat, everything is going great
in Norman and we are all looking forward to seeing OU play this weekend at
home. Here's something you might have already seen, but wanted to get it out
there anyway. Take care!

> Go to the ESPN web site and vote for College Gameday to be at the OU-Texas
> game this year. Scroll down the page to the box.
>
> http://espn.go.com/ncf/index.html
>
> Send this to all of the Sooner and Longhorn fans you know...
>


Latest Terrell Davis Info  From Adam Schefter in the Denver Post:  From the
article   http://www.denverpost.com/broncos/brnx1121b.htm   "This is the
kind of season it has been for Denver Broncos running back Terrell Davis: He
has twice as many magnetic resonance imaging tests as touchdowns.
Davis underwent his fourth MRI on Monday and, like the previous three, the
results were negative. Yet Davis still is concerned enough about his lower
left leg, which has been bothering him for nearly a month and wants a
specialist in San Francisco to study the results.
"It's just kind of a cross-check with a guy that's known to be pretty good,"
Broncos coach Mike Shanahan said. "He's still quite sore, and we want to
make sure that we rule out all possibilities."
But not even the specialist in San Francisco will be able to predict whether
Davis will be able to play Sunday in Seattle, or any time in the near
future.
"I thought he was going to play this last week; then he set it back and
didn't practice Saturday morning," Shanahan said. "I don't think anybody
knows. We just have to wait and see."
At this point, the Broncos are carrying on as if rookie running backs Mike
Anderson and KaRon Coleman will be carrying the load. "You've got to,"
Shanahan said. "If he's there, it's a plus, and we'd like him to be there
full speed.
"But he keeps on setting that leg back. How long that pain's going to be
there I don't think anybody knows. We'll just have to go on. Mike Anderson
did a great job last game, played exceptionally well, and he has got to pick
up the slack.''

My View:   Mike Shanahan is no Bill Belichick, when it comes to coachspeak,
but he's not far behind.  He's saying basically the only things he can say.
If I'm a Terrell Davis owner, I probably sit him this week unless I just
didn't have many other options.  I'd say the chances of him playing
effectively this week are in the 40% range.  Anderson had 138 total yards
Sunday.  He ran for 97 yards on 19 carries for a 5.1 yard per carry average.
And that was against a San Diego rush defense that was ranked # 2 in rushing
yards allowed per game over the last four games.  In other words, the
running game isn't a big problem for Mike Shanahan right now.  He's got
other things to worry about (like replacing CB Ray Crockett).  The fact they
haven't been able to nail down the exact problem is worrisome to me.  Bottom
line is I'm thinking Anderson as of right now.

Good Luck!

Joe

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New Hours for the Credit Union

Beginning Monday, March 18,
 StarTrust Federal Credit Union's* new hours will be
 Monday - Friday, 8:30 am - 4:30 pm,
including Teller Services and Financial Services.

Remember that QuickLink Internet Account Access, Anytime Loans, our Web Portal,
and our other electronic services are available to you 24x7!

* Formerly Enron Federal Credit Union


Mike / Jeff - I will include this info in the QBR - but it will probably be easier to incorporate it into one of your presentations in electronic form.

George

 -----Original Message-----
From: 	Cochran, Tiffany
Sent:	Tuesday, July  17, 2001 9:58 AM
To:	Mcclellan, George
Subject:	Arrows Everywhere

Here's the latest version with your changes made.  Let me know if you need anything else.
-Tiff


I think I have cleaned this one up.  I removed the PPA portion (2001-2003).
I haven't played with the debt too much; I just reduced it to give us roughly
the same coverages as we had in the previous model.  Please review and let me
know what I missed -- I'm sure there are a lot of things.  I have to take off
around 3:00 this afternoon to turn in the keys from my old apartment, so
e-mail your changes, and I'll get on it first thing tomorrow morning.

Jon


Return-Path: <Dumouchel.Luc@hydro.qc.ca>
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Message-ID: <A771F55919EBD311BCD400508B139A6626C51A@msxsrvmtl3.vpi.hydro.qc.ca>
From: Dumouchel.Luc@hydro.qc.ca
To: gelliott@industrialinfo.com
Cc: Viau.Denis@hydro.qc.ca
Subject: Millstone 3
Date: Mon, 12 Nov 2001 08:35:20 -0500
MIME-Version: 1.0
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Greg,
Would you please inform us about the status of Millstone 3.
Luc
Hourly trader
HQUS


Left message w/ Cindy, will adivse.

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'll be in South Dakota from the 28th of December through the 3d of January.
While there, I can be reached via my voice mail, which I will check daily, or
through my cell phone at 402-630-8461.  At all other times, I will be Omaha
and reachable at my office number, cell phone or home number of
402-572-8595.  Thanks.  DF


The following expense report is ready for approval:

Employee Name: Julia H. Murray
Status last changed by:  Automated Administrator
Expense Report Name: JHMurray10-01ExpRpt
Report Total: $2,461.62
Amount Due Employee: $2,461.62

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com