---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 01/16/2001
09:36 AM ---------------------------

Maureen McVicker
01/15/2001 01:13 PM
To: Rosalee Fleming/Corp/Enron@ENRON
cc: Lora Sullivan/Corp/Enron@ENRON
Subject: Letters to Members of Congress and Cabinet Secretaries for Ken Lay's
signature

Rosie:

Here are the letters I left you a voicemail about.    Please see the email
below about which letter are to be mailed and when.  I'm sorry to ask you to
print these out, but I didn't have any of Ken's letterhead.   If you have any
questions, please call Ginger Dernehl or Lora Sullivan.   I will be out of
the office until Friday (there will be a temp at my desk).

Attached is a list of people, with their correct salutations and a copy of
the form letter.  (I will send up the envelopes for these letters - Lora
Sullivan had already printed them out earlier).

Lora:  FYI - Steve made one slight change to the letters you sent.  The only
change was at the bottom of the letter - he added (Business Council) after
Phil Cassidy's name and added Linda's name and number as a contact person.

----- Forwarded by Maureen McVicker/NA/Enron on 01/15/2001 12:49 PM -----

	Lora Sullivan
	01/10/2001 04:01 PM

		 To: Maureen McVicker/NA/Enron@Enron
		 cc:
		 Subject: Letters to Members of Congress and Cabinet Secretaries for Ken
Lay's signature

Maureen,
I'm overnighting these completed letters to you. They have been printed on
Ken Lay's letterhead and are ready for his signature after Steve reviews them.
I want you to have electronic copy for your records.
Let me know if you have any questions.
Lora Sullivan
202-466-9142

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

ENRON, WASHINGTON
MEMORANDUM

TO:  Steve Kean
cc:  Maureen McVicker
FROM: Linda Robertson
DATE:  January 10, 2001
RE:  Letters to Members of Congress and USG
  Regarding Business Council Winter Meeting

Steve:

Appended are the new invites to the February Business Council meeting for Ken,
s signature.  They are divided into two groups.  Group one should be mailed
immediately to the Members of Congress.  Group two to Cabinet secretaries,
should be mailed on January 22nd and only after checking with us as to the
status of their confirmation.  We decided to send these invites to the
relevant Department post confirmation rather to the transition where the
invite stood a signficant chance of being lost.

Linda
202-466-9159

Encl.


Dear Ken,

I am forwarding to you a copy of a second letter that you  and Dean Powers will be receiving later today from the AFL-CIO and the  Amalgamated Bank.  This letter will also be released to the press.  It  addresses the AFL-CIO's and the Bank's concern that board  procedures be adopted that would help ensure comprehensive disclosure to  shareholders in light of a possible upcoming transaction involving  Enron.

If you, Dean Powers, or your staffs would like to discuss the  ideas in the letter or our thoughts about possible additions to the Enron board  please do not hesitate to contact me or my colleague Bill  Patterson.

Sincerely,

Damon A. Silvers
Associate General Counsel
AFL-CIODSilvers@aflcio.org
(202) 637-3953
fax (202) 637-5323

 - Second Enron Letter.doc


I actually just did it for my mom...otherwise she wouldn't have gotten a gift
at all!!


Did you get the message last night that the banks pulled it out for us?


Cara,

I have completed most of the work on the Pre-Schedule Workspace.  It is time to get you to take a look at it.  I realize that there may be quite a few things that need "tweaking" and others may be missing altogether.  I am depending on you to help me identify any problems.  I am prepared to give you a demo some time today.  Let me know what will be a convenient time.  The Path Confirmation report is also done, and I can demo that for you as well.

Known problems:
Opening and saving large files is too slow. It will take approximately half a day to fix this problem.
The Excel Daily Summary is not done.  I would like to discuss this piece with you in more detail.
It is currently possible to create duplicate confirm entries for the Path Confirm application.
We are working with the Terminal Server guys to get the new app working on terminal server.  This should be done by the end of the week.

Regards,
Will


Tanya,

Please, ask him to make the arrangements.

Vince

Tanya Tamarchenko
05/25/2000 11:19 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Executive Program on Credit Risk Modeling

Yes, I think it is useful for Vincent to attend the program.

Tanya.

Vince J Kaminski
05/22/2000 09:50 AM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Executive Program on Credit Risk Modeling

Tanya,

Another thought.

Should Vincent go as well?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/22/2000
09:52 AM ---------------------------

Vince J Kaminski
05/22/2000 08:10 AM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Executive Program on Credit Risk Modeling

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/22/2000
08:12 AM ---------------------------

"Kashiwamura, Shelby" <kashiwamura_shelby@gsb.stanford.edu> on 05/18/2000
02:03:19 PM
To: "Isero, Alicia" <isero_alicia@gsb.stanford.edu>, "Kashiwamura, Shelby"
<kashiwamura_shelby@gsb.stanford.edu>
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Executive Program on Credit Risk Modeling

Subject: ANNOUNCEMENT: Executive Program on Credit Risk Modeling

Credit Risk Modeling for Financial Institutions
October 15 - 20, 2000
At Stanford University Business School

Risk management specialists, Stanford Business School professors of finance
Darrell Duffie and Kenneth Singleton will be repeating their successful
executive program on Credit Risk Pricing and Risk Management for Financial
Institutions.  The course is created for risk managers, research staff, and
traders with responsibility for credit risk or credit-related products,
including bond and loan portfolios, OTC derivative portfolios, and credit
derivatives.

This program includes:
* valuation models for defaultable bonds, OTC derivatives, and credit
derivatives, with empirical applications to corporate and sovereign markets
* empirical and theoretical assessments of models for measuring credit
risk, with correlation, for portfolios
* the strengths and limitations of current practice in credit risk
measurement
* practical issues in implementing credit modeling and risk systems
* estimation of default and transition probabilities, and the
correlations among the default risks of publicly traded companies, from
historical data

___________________________________________________________

Application Form:
Credit Risk Modeling for Financial Institutions
Stanford, October 15 - 20, 2000

This form may be completed and returned by email, or may be printed and sent
by fax to:

Stanford GSB Executive Education Programs
Fax Number: 650 723 3950

You may also apply and see more detailed information by visiting our web
site at:

www.gsb.stanford.edu/exed/crm

Applications will be acknowledged upon receipt. If you have not received an
acknowledgement within two weeks, please contact us.

Please complete all sections. All information is kept strictly confidential.

Name:
Put an x beside one, please:  Male:               Female:

Citizenship:

Job Title:

Company:

Your company's main activity:

Business Mailing Address:

Business Phone (all codes please):
Business Fax :
Email Address:
Home Address:

Home Phone:
Nickname for identification badge:
Emergency Contact Name:
Emergency Contact Phone:

Title of person to whom you report:
Your job responsibilities and experience related to this course: (Please
provide a brief job summary here, or attach and send a biographical summary
containing information relevant to your purpose and qualifications for the
course.)

College or University Education: please list, by degree:
 College or  University                Dates    Degree Granted

 _________________                _____    _____________

_________________                _____    _____________

Please note:
All classes and discussions are conducted in English.
In order to reserve a place in the course, the program fee of US$7,500 is
due upon notification of acceptance. This fee covers the tuition, single
room, meals, and all course materials (including a proprietary manuscript on
credit risk pricing and measurement).
Our refund policy is available upon request.

Please state the source from which you heard about this course:

Name and Date:

If you would like a hard copy brochure and application form, please contact:
(make sure to include your MAILING ADDRESS)

Shelby M. Kashiwamura
Program Manager
Executive Education
Stanford Graduate School of Business
(650) 723-9356 Phone
(650) 723-3950 Fax
kashiwamura_shelby@gsb.stanford.edu


Mesquite has an internal approval process which cannot be completed until
late this week or early next.  We have slowed our approval process to
parallel theirs.  We will sign doc's when we have both received all necessary
internal approvals.  Signing is now expected to be early next week.

In addition we have resolved the two minor commercial issues mentioned in
last update.  The final price has been adjusted slightly - impact on
transaction value is minimal.   See the attached excel spreadsheet for the
new Annex 1.02 numbers for the Mesquite swaps (also the assumed closing date
has been moved to 27-Dec).  The Merlin issue has been resolved with an
indemnity from ENA in the unlikely event El Paso must pay a make whole
premium on the refinancing of Merlin's $30mm participation (maximum exposure
approx. $675k).

One additional issue has arisen concerning a consent right by the Bayonne
minority partners in the event the Managing Venturer is no longer an Enron
affiliate.  This consent right was granted at the time of the McNair
acquisition and was not part of the primary project documents.  This right
was not recognized in V&E's initial review of consent requirements for this
transaction.  Of the three minority partners, Mission will be acquired in the
next few days by ECP and ECP is in final negotiations to acquire Calpine's
interest by year end.  Consent from the remaining partner, ANP, is not
expected to be a problem.  This or some other work around will be added as a
condition precedent to closing.  While we still expect to close by year end
this new development adds an unwelcome uncertainty to our process.

We will recirculate the DASH, adjusted as necessary for these changes, as
soon as practical.


-----Original Message-----
From: 	Sharp, Vicki
Sent:	Thursday, September 20, 2001 2:56 PM
To:	Dasovich, Jeff
Subject:	Re: FW: PUC Votes to Suspend Direct Access Effective September 20th, But Continues to Hold Out Threat of Retroactivity

Can you fax the order? 713-646-2379

From:	Jeff Dasovich/ENRON@enronXgate on 09/20/2001 02:50 PM
To:	Steven J Kean/ENRON@enronXgate, Tim Belden/ENRON@enronXgate, Vicki Sharp/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Alan Comnes/ENRON@enronXgate, Michael Tribolet/ENRON@enronXgate, Kristin Walsh/ENRON@enronXgate, David W Delainey/HOU/EES@EES, Dan Leff/HOU/EES@EES, Lamar Frazier/HOU/EES@EES, Kevin Keeney/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Stephen Swain/ENRON@enronXgate, John J Lavorato/ENRON@enronXgate, Paul Kaufman/ENRON@enronXgate, James D Steffes/ENRON@enronXgate, Christopher F Calger/ENRON@enronXgate, Susan J Mara/ENRON@enronXgate, Don Black/ENRON@enronXgate, Jeff Richter/ENRON@enronXgate, Louise Kitchen/ENRON@enronXgate, Janet Dietrich/HOU/EES@EES, Susan J Mara/ENRON@enronXgate, Linda Robertson/ENRON@enronXgate, Harry Kingerski/ENRON@enronXgate, Karen Denne/ENRON@enronXgate, Mark Palmer/ENRON@enronXgate, Richard Shapiro/ENRON@enronXgate, Wanda Curry/ENRON@enronXgate, Lisa Mellencamp/ENRON@enronXgate, Kelly Higgason/HOU/EES@EES, Greg Whalley/ENRON@enronXgate
cc:
Subject:	FW: PUC Votes to Suspend Direct Access  Effective September 20th, But Continues to Hold Out Threat of Retroactivity

The Commission also delayed a decision on whether contract renewal will be included under the suspension.

Jeff
 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Thursday, September 20, 2001 2:46 PM
To:	Kean, Steven J.; Belden, Tim; Sharp, Vicki; Blachman, Jeremy; Comnes, Alan; Tribolet, Michael; Walsh, Kristin; Delainey, David; Leff, Dan; Frazier, Lamar; Keeney, Kevin; Gahn, Scott; Swain, Steve; Lavorato, John; Kaufman, Paul; Steffes, James D.; Calger, Christopher F.; Mara, Susan; Black, Don; Richter, Jeff; Kitchen, Louise; Dietrich, Janet; Mara, Susan; Robertson, Linda; Kingerski, Harry; Denne, Karen; Palmer, Mark A. (PR); Shapiro, Richard; Curry, Wanda; Mellencamp, Lisa; Higgason, Kelly; Whalley, Greg
Subject:	PUC Votes to Suspend Direct Access  Effective September 20th, But Continues to Hold Out Threat of Retroactivity

?	The commission suspended Direct Access effective September 20th.
?	The decision orders the utilities to stop accepting DASRs for contracts executed after 9.20.01.
?	But astonishingly, the language in the proposed decision states that the Commission will take more time to consider whether the effective date should be pushed back to July 1.  In short, that battle continues.
?	How the Commission will proceed in continuing to consider retroactivity is uncertain at this time.
?	The Commission held over until its next meeting the decision regarding the rate agreement between DWR and the PUC.

Best,
Jeff


Vicki:
Let me know what you want to do.  Also, could you please send me a copy of
Melanie's memo?  thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/30/2001 08:39 AM -----

	Chris Long@ENRON
	05/29/2001 04:52 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Forward Contract Definition

Carol - While it never too late to suggest a change, given the political
situation I would be hesitant to offer anything more than a "clarification".
While I would not spend a huge amount of time on it, I suggest you examine if
there are any changes. Depending on what happens in the Senate (now that it
is in Democratic hands), the process can be reopened and we could have an
opportunity to offer suggested changes (or it kill the bill all together).

	Carol St Clair@ECT
	05/29/2001 02:41 PM

		 To: chris.long@enron.com
		 cc: Vicki Sharp/HOU/EES@EES, Jeffrey T Hodge/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT
		 Subject: Forward Contract Definition

Chris:
Would it be too late to suggest changes to the definition of "forward
contracts" in the Bankruptcy Code in order to improve our position with
respect to the physical supply contracts that EES enters into?  I am not sure
what chnages we would want, but was wondering if there was any opportunity to
suggest a change.  Let me know what you think.  Thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Mark,

I discussed this issue Friday with Paul, however, since it is an issue I am
not entirely knowledgeable about, I think Paul should run this by you...
---------------------- Forwarded by Tana Jones/HOU/ECT on 03/20/2000 04:44 PM
---------------------------

Paul Radous@ENRON
03/20/2000 03:12 PM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Commodities Exchanges

Tana,

As a follow up to Friday's discoveries, on the commodities side, it appears
as though the agencies which regulate the commodity exchanges drive the rules
regarding safeguarding of client accounts.  Other than 1) the US exchanges
(which are all governed by the CFTC), and  2) the OMLX, and the IPE (which we
have already addressed),  what are the other exchanges whose contracts we
trade?

Thanks
Paul


Shari

Would you please send to  Dede and Andy Enron's EEl language re

1.  Incorporation of prior trades
2. Market Disruption Language
3. Cover Sheet Set Off Language (set off if $ owed to DP) , including
paragraph re  no payments until legal opinion

Thanks

----- Forwarded by Elizabeth Sager/HOU/ECT on 03/13/2001 12:20 PM -----

	"Andy Katz" <AKatz@eei.org>
	03/12/2001 05:08 PM

		 To: <martyjo.rogers@axiaenergy.com>, <elizabeth.sager@enron.com>,
<jcrespo@hess.com>, <wfhenze@jonesday.com>, <rosteen@powersrc.com>,
<babak.pooya@southernenergy.com>
		 cc: <dmperlman@powersrc.com>, <drusso@reliantenergy.com>,
<pdondanville@schiffhardin.com>
		 Subject: Optional Provisions for EEI Contract

Dede Russo plans to prepare a presentation on the optional provisions that
were assigned to members of the drafting committee last October.  Other than
the CAISO Firm Energy and Patty's arbitation provisoin, we have not received
additional language.  Dede is going to put together a handout by next
Tuesday, if she does not receive any provisions from those listed below, she
will use Reliant's language.  It would be presented for illustrative
purposes, but could sway the audience.  Here is your chance to get your
organization's preferred provisions out at the conference.  So, send your
draft provisions to me and Dede by cob on Friday 3/16 please.  For those who
may have forgotten, these are the assignments:

Prior Transactions:  Liz
Unilateral Contract:  MartyJo (sucessor in interest to Buddy Broussard)
New Taxes:  Fritz
Reg Out:  Randy/John
New Products:  Dede will handle this
Collateral Annex:  will be a separate panel
Electronic Transactions:  Babak
Agency:  No one assigned

Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C.  20004
Voice:  202-508-5616
Fax:     202-508-5673
e-mail:  akatz@eei.org
 - TEXT.htm
 - Andy Katz.vcf


---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/15/2000
10:16 AM ---------------------------

Shane.Dobbs@fctg.com on 11/15/2000 10:07:12 AM
To: dobbsmw@auburn.edu, domino@sonet.net, hamptone@booksamillion.com,
jwood@regionsbank.com, jmjaked@mindspring.com, gwave85@hotmail.com,
dobbswn@auburn.edu, phillip.m.love@enron.com, poe77@earthlink.net,
stephaniepool@huntersystems.com
cc:
Subject: FW: Fw: OK - Here's the demographics on the south Florida voter -

-----Original Message-----
From: tharpbl@Eng.Auburn.EDU [mailto:tharpbl@Eng.Auburn.EDU]
Sent: Wednesday, November 15, 2000 10:01 AM
To: wwilson@eng.auburn.edu
Cc: Dobbs_Shane
Subject: Fwd: Fw: OK - Here's the demographics on the south Florida
voter -

----- Forwarded message from Patrick Duke <dukepat@dellnet.com> -----
Date: Tue, 14 Nov 2000 22:32:16 -0600
From: Patrick Duke <dukepat@dellnet.com>
Reply-To: Patrick Duke <dukepat@dellnet.com>
Subject: Fw: OK - Here's the demographics on the south Florida voter -
To: Meloni Birtley <visual796@mindspring.com>,"Brian L. Bowman"
<blbowman@Eng.Auburn.EDU>,Jared K Johnson <johns41@mail.auburn.edu>,Roger
James
<JamesRoj@email.msn.com>,smalljt <smalljt@auburn.edu>,Jeremy Gwin
<jeremy.gwin@psinetcs.com>,angela shelton <shelton_angel84@hotmail.com>,Tracy
<solarmgt@bellsouth.net>,Tlee692@cs.com,tharpbl@Eng.Auburn.EDU,Terrell
Newberry
<agpike99@aol.com>,Suzzette Hale <Suzzette@newsouthfederal.com>,Steven Pace
<stevenp@sonet.net>,"Steven O. Pace" <space@hiwaay.net>,Stacie Taylor
<StacieT00@aol.com>,Seth Griffin <sgriff34@mindspring.com>,Sean York
<seanryork@hotmail.com>,Scott Burdette <burdettes@usinfrastructure.com>,s h
<gsh0517@hotmail.com>,Rob Price <rlp@MetroTransportation.com>,Pop
<speed60gkh@hotmail.com>,Phishphan68@aol.com,Nscr3jrfan@aol.com,Nathan
Buentello
<alphapsi@tamu.edu>,mstover@onsite-inc.com,Mike Battles
<hump_one@yahoo.com>,Matt Cypher <mcypher@tamu.edu>,Matt Alpaugh
<alpsworld@dellnet.com>,llamons@mindspring.com,Lenny <lennymac@hotmail.com>,
...

----- Original Message -----
From: Paul Kinnane
To: Undisclosed-Recipient:;;
Sent: 14 November, 2000 7:31 AM
Subject: OK - Here's the demographics on the south Florida voter -

OK -
Here's the demographics on the south Florida voter -

They can play 10
bingo cards at a time and not miss a number.

They can juggle 53 numbers and pick 6 for the Florida Lotto, as
well
as select their Pick 3, Fantasy Five, and Mega Ball numbers.

They can read 5 papers, 4 scratch sheets, and handicap 3 horses in
the
Tri-fecta at the horse race.

They can spot a shanked golf ball in an acre of elephant grass
300
yards away.

They can eyeball a non-resident in a 1,000-unit subdivision at
200
yds.

They can report a scarred manatee at 10 fathoms to the
Greenpeace
hotline.

They can take 37 different colored pills every
morning and never mess
it up.

But they can't read a 4-line
ballot both published in the newspaper AND

mailed to them a week in advance and pick one candidate...

You
figure it out !!!

Suddenly Florida makes Alabama and
Mississippi look like geniuses....

?

?

"COME
TO FLORIDA - The NEW Alabama......"

----- End forwarded message -----

-------------------------------------------------
This mail sent through IMP: imapssl.eng.auburn.edu

?
 - ATT15077.htm


----- Forwarded by Steven J Kean/NA/Enron on 02/07/2001 07:32 AM -----

	Sherri Sera
	02/06/2001 04:54 PM

		 To: Steven J Kean/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron
		 cc:
		 Subject: URG: Revised Gas Securitization Agreements

Here is a revised version of what I forwarded earlier.  If I should send them
to someone else, please let me know...SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 02/06/2001
04:55 PM ---------------------------

"Jauregui, Robert M" <RMJ4@pge.com> on 02/06/2001 04:28:53 PM
To: "'hans@cook-inlet.com'" <hans@cook-inlet.com>, "'prez@cook-inlet.com'"
<prez@cook-inlet.com>, "'davidyi@cook-inlet.com'"  <davidyi@cook-inlet.com>,
"'dronn@mayerbrown.com'"  <dronn@mayerbrown.com>,
"'swidner@coral-energy.com'"  <swidner@coral-energy.com>,
"'blong@coral-energy.com'"  <blong@coral-energy.com>,
"'ctise@coral-energy.com'"  <ctise@coral-energy.com>,
"'jeff.skilling@enron.com'"  <jeff.skilling@enron.com>,
"'william.s.bradford@enron.com'"  <william.s.bradford@enron.com>,
"'travis.mccullough@enron.com'"  <travis.mccullough@enron.com>,
"'ICCEnergy@aol.com'" <ICCEnergy@aol.com>, "'stefkatz@cs.com'"
<stefkatz@cs.com>, "'msessa@sempratrading.com'"  <msessa@sempratrading.com>,
"'dfelsinger@sempra.com'"  <dfelsinger@sempra.com>, "'mcosta@stroock.com'"
<mcosta@stroock.com>, "'jshorter@txuenergy.com'" <jshorter@txuenergy.com>,
"'mperkins2@txuelectric.com'" <mperkins2@txuelectric.com>,
"'cenochs@txuenergy.com'" <cenochs@txuenergy.com>,
"'bjeffrie@westerngas.com'" <bjeffrie@westerngas.com>,
"'ryanmcgeachie@aec.ca'" <ryanmcgeachie@aec.ca>, "'richarddaniel@aec.ca'"
<richarddaniel@aec.ca>, "'jones.murphy@williams.com'"
<jones.murphy@williams.com>, "'randall.o'neal@williams.com'"
<randall.o'neal@williams.com>, "'kelly.knowlton@williams.com'"
<kelly.knowlton@williams.com>, "'connie.turner@williams.com'"
<connie.turner@williams.com>, "'scampbell@txuenergy.com'"
<scampbell@txuenergy.com>
cc: "'jlopes@hrice.com'" <jlopes@hrice.com>, "'jnexon@hrice.com'"
<jnexon@hrice.com>, "Buchsbaum, Craig M (Corp)"
<craig.buchsbaum@pge-corp.com>, "Whelan, Steve (Corp)"
<steve.whelan@pge-corp.com>, "Lee, Fanny" <FSL1@pge.com>, "Berkovitz, Trista"
<TxB6@pge.com>, "Clare, David" <DWC3@pge.com>, "Woo, Shirley A (Law)"
<SAW0@pge.com>, "McLafferty, Daniel"  <MDM8@pge.com>, "Cotroneo, Eileen"
<EFM2@pge.com>, "'dmao@orrick.com'"  <dmao@orrick.com>

Subject: URG:  Revised Gas Securitization Agreements

 <<Gas Supplier Security Agreement.DOC>>  <<Gas Supplier Security
Agreement.DOC>>  <<Gas Supplier and Collateral Agency Intercreditor
Agreement.DOC>>  <<Gas Supplier and Collateral Agency Intercreditor
Agreement.DOC>>

Please disregard my 2/6/01, 1:01pm e-mail.  Attached is the latest version
for your review and execution.

>  -----Original Message-----
> From:  Jauregui, Robert M
> Sent: Tuesday, February 06, 2001 1:01 PM
> To: 'hans@cook-inlet.com'; 'prez@cook-inlet.com';
> 'davidyi@cook-inlet.com'; 'dronn@mayerbrown.com';
> 'swidner@coral-energy.com'; 'blong@coral-energy.com';
> 'ctise@coral-energy.com'; 'jeff.skilling@enron.com';
> 'william.s.bradford@enron.com'; 'travis.mccullough@enron.com';
> 'ICCEnergy@aol.com'; 'stefkatz@cs.com'; 'msessa@sempratrading.com';
> 'dfelsinger@sempra.com'; 'mcosta@stroock.com'; 'jshorter@txuenergy.com';
> 'mperkins2@txuelectric.com'; 'cenochs@txuenergy.com';
> 'bjeffrie@westerngas.com'; 'ryanmcgeachie@aec.ca'; 'richarddaniel@aec.ca';
> 'jones.murphy@williams.com'; 'randall.o'neal@williams.com';
> 'kelly.knowlton@williams.com'; 'connie.turner@williams.com';
> 'scampbell@txuenergy.com'
> Cc: 'jlopes@hrice.com'; 'jnexon@hrice.com'; Buchsbaum, Craig M (Corp);
> Whelan, Steve (Corp); Lee, Fanny; Berkovitz, Trista; Clare, David; Woo,
> Shirley A (Law); McLafferty, Daniel; Cotroneo, Eileen; 'dmao@orrick.com'
> Subject: URG:  Gas Securitization Agreements
> Importance: High
> Sensitivity: Private
>
>  << File: Gas Supplier and Collateral Agency Intercreditor Agreement.DOC
> >>  << File: Gas Supplier Security Agreement.DOC >>  << File: Gas Supplier
> and Collateral Agency Intercreditor Agreement.DOC >>  << File: Gas
> Supplier Security Agreement.DOC >>
>
>
>
> Attached are revised versions of the gas supplier security agreement and
> the intercreditor agreement, marked to show changes against the draft
> dated February 2, 2001.
>
> In addition I have included the unmarked versions of these documents for
> execution.  Please arrange to have the agreements executed on behalf of
> your organization and fax the signature pages to me.  I would appreciate
> you sending three executed original signature pages to me by overnight
> mail; I will return fully executed counterparts to you.
>
> You will note that we assembled the addresses for notices on Schedule I
> based on available information.  Please make any corrections necessary to
> this notice section before signing.  Also note that we have limited the
> address for notices for each legal entity to one address, and have not
> included copies for attorneys and the like. We anticipate that the list of
> addresses for notices will grow to be very long and would like to limit
> the addresses to which various notices and reports will be sent.  Please
> be sure that the person designated to receive notices on behalf of your
> organization will be able to forward copies to the other persons who need
> to receive them.
>
> Please forward all correspondence to:
>
> Trista Berkovitz
> Director, Gas Procurement
> Pacific Gas and Electric Company
> 77 Beale Street, Room 553
> San Francisco, CA  94105-1814
> 415. 973.2152 (bus)
> 415.973.9213 (fax)
>
> NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE INTENDED
> RECIPIENT OF THE TRANSMISSION, AND MAY BE A COMMUNICATION PRIVILEGED BY
> LAW.  IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE,
> DISSEMINATION, DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY
> PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL
> AND PLEASE DELETE THIS MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR
> YOUR COOPERATION.
>
>

 - Gas Supplier Security Agreement.DOC
 - Gas Supplier Security Agreement.DOC
 - Gas Supplier and Collateral Agency Intercreditor Agreement.DOC
 - Gas Supplier and Collateral Agency Intercreditor Agreement.DOC


The report named: West NG Prices - Basis <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=45&report_name=West+NG+Prices+-+Basis&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/21/2001>, published as of 11/21/2001 is now available for viewing on the website.

(Revision: 3)


Thanks Mike please keep you eyes open for similar initiatives in other markets.

Corry,Don, Keith, & Theresa our objective in attending the sessions below is to identify the gaps between how we operate in the market today and what the new world will be.  Your focus should be on new tools and process that will be required.  Please coordinate any regulatory/market concerns about the MISO with Michael.

Cory please consider sending a rep for scheduling requirements.
Don please consider sending a rep for market trials and hourly requirements.
Keith please consider sending a rep for control area operations requirements.
Theresa please consider sending a rep for market trials requirements and possible settlement issues.

Please forward to others that would be interested.

 -----Original Message-----
From: 	Roan, Michael
Sent:	Monday, July 02, 2001 3:01 PM
To:	Will, Lloyd
Subject:	FW: Market Trials Orientation
Importance:	High

Lloyd, attached is the email from the MISO.  Let me know who the contact person within your group is, i will work with Christi on a more formalised process to ensure that we are ready to enter the RTO environment on 12/15/01.

regards
Mike

 -----Original Message-----
From: 	Kelli Williams <KWilliams@midwestiso.org>@ENRON [mailto:IMCEANOTES-Kelli+20Williams+20+3CKWilliams+40midwestiso+2Eorg+3E+40ENRON@ENRON.com]
Sent:	Friday, June 29, 2001 3:50 PM
To:	Averbeck, Steve; Borum, B.; Brown, Jeff; Cazalet, Edward; Collins, Doug; Doying, Richard; Fahey, Reem; Fielek, Michael; Gillis, Gary; Harvill, Terry; Hennen, David; Idle, Charles; Keller, Jim; Landgren, Dale; Learner, Howard; Michael Stuart (E-mail); Mork, Rob; Nelson, Robert; Paul Barber (E-mail); Pauley, B.; Pofok, George W.; Procario, John C.; Reed, Harvey J.; Roan, Michael; Robertson, Eric; Samuel C. Randazzo (E-mail); Simpson, John L.; Small, Michael; Stanton, James; Strand, John G.; Taylor, David; Trawick, John; William D. McCarty (E-mail); Wolfe, Ellen; Yaeger, Scott; Yeager, Walt; Ziegner, D.
Subject:	RE:  Market Trials Orientation
Importance:	High

VIA EMAIL
Friday June 29, 2001
The following  letter was sent today to the Midwest ISO Transmission Owners:

As we  move into the Market Trials period, I would like to reiterate how much the  Midwest ISO appreciates your support of our ongoing activities.
To facilitate your participation in Market  Trials, we are providing two types of informative, interactive orientation  sessions.  One covers the  Electronic Scheduling Process and the other provides an overall Market  Trials Orientation.  These  sessions are designed to provide an essential overview of the drills, scenarios  and reviews necessary for your people to actively participate in the Market  Trials.
The Electronic Scheduling Process  session is available on three different dates in July and the overall Market  Trials Orientation session is offered on two different dates.  Because of the interactive nature of  these sessions the class size must be limited. Ideally, we would prefer no more  than two participants from each company. Please select the individual(s) from  your company who will attend these sessions, and forward the attached  registration brochure to them.   Please advise me if your needs exceed the requested attendance guideline  of two people per company. We will make every effort to accommodate your  request.
We recognize that asking you to sustain a  steady commitment of time, resources and manpower is an exacting demand.  Your confidence that your Market Trials  participants gain as much knowledge about the Midwest ISO's operational  abilities is equally important to us.
We are grateful for your continued support  of the Midwest ISO and look forward to working with you during the Market Trials  period.

Sincerely,
 [IMAGE]
James  . Torgerson
President and  CEO
The Midwest  ISO

cc:  Advisory Committee, MISO Market Trials  contacts

 - orientation registration 3.pdf << File: orientation registration 3.pdf >>
 - clip_image002.jpg << File: clip_image002.jpg >>


I think it is ok.

 -----Original Message-----
From: 	Hass, Glen
Sent:	Monday, November 19, 2001 6:27 PM
To:	Harris, Steven; Kilmer III, Robert; Lokey, Teb; Lichtenwalter, Blair; Watson, Kimberly; Lindberg, Lorraine; Rapp, Bill; Porter, Gregory J.
Subject:	FW: A.01-09-024  PHC Statement draft

This appears to be OK and we should be able to sign on however please review the statement and let me know if you see a problem with our support of the PHC statement.  Sorry for the short notice and review time.  I'll not respond until noon tomorrow.  Thanks.

Glen

 -----Original Message-----
From: 	"Gregory Klatt" <gregoryklatt@earthlink.net>@ENRON
Sent:	Monday, November 19, 2001 2:46 AM
To:	Hass, Glen; Harris, Steven
Cc:	Dan Douglass
Subject:	FW: A.01-09-024  PHC Statement draft

SoCalGas is circulating a draft pre-hearing conference statement for parties to sign on to, if they wish (please see attached).  Given Transwestern's position in the BCAP, it makes sense to sign on to SoCalGas' generic PHC statement.  Please take a few moments to review the same and let me know your thoughts.  SoCalGas has asked for a response by Tuesday noon.  Thanks.
----- Original Message -----
From: Parrott, Jeff << File: mailto:JParrott@sempra.com >>
To: gloria.ing@sce.com << File: mailto:JParrott@sempra.com >> ;mdm8@pge.com << File: mailto:JParrott@sempra.com >> ;burkee@cts.com << File: mailto:JParrott@sempra.com >> ;douglass@energyattorney.com << File: mailto:JParrott@sempra.com >> ;gregoryklatt@earthlink.net << File: mailto:JParrott@sempra.com >> ;pjpowerlaw@aol.com << File: mailto:JParrott@sempra.com >> ;tpeterso@energy.state.ca.us << File: mailto:JParrott@sempra.com >> ;marcel@turn.org << File: mailto:JParrott@sempra.com >> ;chilen@llgm.com << File: mailto:JParrott@sempra.com >> ;tomb@srossbordenenergy.com << File: mailto:JParrott@sempra.com >> ;Thompso! n, Vicki L. << File: mailto:JParrott@sempra.com >> ;Winter, Rodney << File: mailto:JParrott@sempra.com >> ;Brill, Thomas R. << File: mailto:JParrott@sempra.com >> ;fdeleon@energy.state.ca.us << File: mailto:JParrott@sempra.com >> ;napedersen@jonesday.com << File: mailto:JParrott@sempra.com >> ;plg@cpuc.ca.gov << File: mailto:JParrott@sempra.com >> ;ek@a-klaw.com << File: mailto:JParrott@sempra.com >> ;jkarp@whitecase.com << File: mailto:JParrott@sempra.com >> ;bkc@pge.com << File: mailto:JParrott@sempra.com >> ;Davis, Robert E. << File: mailto:JParrott@sempra.com >> ;kcl@cpuc.ca.gov << File: mailto:JParrott@sempra.com >> ;weg@cpuc.ca.gov << File: mailto:JParrott@sempra.com >> ;aclark@calpine.com << File: mailto:!
JParrott@sempra.com >> ;epoole@adplaw.com << File: mailto:JParrott@sempra.com >> ;salleyoo@dnt.com << File: mailto:JParrott@sempra.com >> ;bradylaw@pacbell.net << File: mailto:JParrott@sempra.com >> ;Mday@gmssr.com << File: mailto:JParrott@sempra.com >> ;bcragg@gmssr.com << File: mailto:JParrott@sempra.com >>
Cc: Brill, Thomas R. << File: mailto:JParrott@sempra.com >> ; Davis, Robert E. << File: mailto:JParrott@sempra.com >> ; Winter, Rodney << File: mailto:JParrott@sempra.com >> ; Wright, Gillian - TP1GXW << File: mailto:JParrott@sempra.com >>
Sent: 11/16/2001 11:14:43 AM
Subject: A.01-09-024 PHC Statement draft
To: Parties Who Participated in the A.01-09-024 (SoCalGas and SDG&E BCAP) Meet and Confer:
  Attached is a proposed PHC Statement as required by ALJ Brown in her Ruling of November 5, 2001.  Per that Ruling, this Statement must be filed within 10 days of our meeting (which by my calculation would be the 26th of November).  I would REALLY like to get it filed on the 21st if possible, before the Thanksgiving weekend.
  I tried to keep the Statement simple, while reflecting the consensus views articulated at the meeting.  I tried not to go into too much detail on the description of some of the outstanding CPUC proceedings that may affect this case, but wanted to give the judge some flavor for each proceeding.  I ask that each of you let me know by noon next Tuesday (the 20th) if you want to "sign on."  I will incorporate any non-substantive edits you may have.  For substantive edits (hopefully there will be few if any) I will do my best to incorporate.  However, let's remember that none of us want to be de-positioned by what is said in this document so argumentative statements will be ignored.  If only nonsubstantive edits are received, I will file on behalf of all participating parties without further review.  If substantive changes are made, a second review will be provided.
  I hope we can keep this from becoming an unwieldy exercise.  I ask for your cooperation and appreciate your input.  If you want to provide your individual PHC Statement, fine.  Just let me know so I can take your client's name off this one.
Thanks again.
        <<BCAP-PHC statement(v1).DOC>>
        Jeff
  Jeffrey M. Parrott
         Attorney
    Sempra Energy
  ph. (619) 699-5063
  fax (619) 699-5027
jparrott@sempra.com

--- Gregory  Klatt
--- gregoryklatt@earthlink.net << File: mailto:gregoryklatt@earthlink.net >>

 - BCAP-PHC statement(v1).DOC << File: BCAP-PHC statement(v1).DOC >>


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/04/2001
06:59 AM ---------------------------

"Matt Lenhart" <mlenhart@houston.rr.com> on 04/04/2001 05:19:37 AM
To: <matthew.lenhart@enron.com>
cc:

Subject:

?
 - rOutkast - Rosa klParks.mp3


---------------------- Forwarded by Robert Benson/Corp/Enron on 05/11/2001 12:20 PM ---------------------------

Chris Dorland@ECT
05/11/2001 12:14 PM
To:	Robert Benson/Corp/Enron@ENRON
cc:

Subject:	Why One Firm Thinks Enron Is Running Out of Gas

---------------------- Forwarded by Chris Dorland/HOU/ECT on 05/11/2001 12:14 PM ---------------------------

	Dan Dorland 05/11/2001 07:50 AM

To:	Paul Devries/TOR/ECT@ECT, Jan Wilson/TOR/ECT@ECT, Jeff Borg/TOR/ECT@ECT, Dave Ellis/TOR/ECT@ECT, Garrett Tripp/TOR/ECT@ECT, Stephane Brodeur/CAL/ECT@ECT, Chris Dorland/HOU/ECT@ECT, kdorland@flint-energy.com
cc:
Subject:	Why One Firm Thinks Enron Is Running Out of Gas

http://www.thestreet.com/_yahoo/comment/detox/1422781.html

   Why One Firm Thinks Enron Is Running Out of Gas By Peter Eavis   Senior Columnist Originally posted at 5:23 PM ET 5/9/01 on RealMoney.com            A small research boutique with a reputation for rigorous analysis is telling clients to quickly dump Enron (ENE :NYSE - news ), believing that the energy trading giant's 2001 earnings will fall well short of Wall Street's forecasts.  Cambridge, Mass.-based Off Wall Street, led by analyst Mark Roberts, thinks Enron's 2001 earnings will fall 6 cents short of the consensus estimate of $1.79. The firm also believes Enron stock should trade around $30, nearly 50% below Wednesday's $59.20.  The firm's 26-page report, published May 6, highlights Enron's declining profitability and increasing leverage and suggests that the company should trade on the same sort of multiple as a trading firm like Goldman Sachs (GS :NYSE - news ), which has a 2001 price-to-earnings ratio about half of Enron's 33 times. OWS also alleges that Enron's earnings quality is poor and that key parts of its financial statements are confusing and opaque.  Houston-based Enron didn't comment by publication time on elements of the report that Detox  sent the company. An energy analyst who is bullish on Enron's outlook says the OWS report contains fundamental misunderstandings about the energy market and Enron's business model, but he says the report does include some ground-breaking and valid insights. (The analyst's firm doesn't give stock recommendations.)  Economies of Scale Why care what Off Wall Street writes, compared with, say, analysts at Merrill Lynch (MER :NYSE - news )? For one, OWS has an excellent track record. Particularly sweet was 2000, when the tech stocks it had bashed came crashing down. It has also shown itself to be well ahead of the curve, recommending that clients sell e-tailer priceline.com (PCLN :Nasdaq - news ) in June 1999, when faith in Internet stocks was at its blindest and their prices at their most insane.      Pulling Back Enron retreats after long rally   Enron, with its domination of a burgeoning energy market, annual revenue of over $100 billion and impressive earnings growth, can hardly be ranked alongside the likes of priceline. But OWS thinks Enron is set for a precipitous drop nonetheless. Why?  OWS's main beef is that key profitability measures are in decline. Margins on Enron's pretax operating earnings (which the company's earnings releases call IBIT, or income before interest, taxes and other items) are falling. Total IBIT of $795 million in the first quarter amounted to only 1.59% of the $50 billion in revenue for the period, compared with a 2.08% margin in the fourth quarter and 4.75% in the year-earlier period. Revenue in the first quarter was nearly quadrupled from the year-earlier period, yet IBIT rose only 27%. This shrinkage is due to lower-margin trading income making up an increasingly large share of Enron's revenue base.  OWS thus calculates that for the remainder of 2001 Enron needs to generate an extra $2.1 billion in revenue for each additional penny it makes over its 2000 EPS of $1.47 to reach analysts' expectation of $1.79.  The energy analyst counters that OWS apparently hasn't grasped how Enron can continue to increase earnings even when margins shrink. It does so simply by increasing volumes as the energy market balloons in size. In other words, margins may decline, but since revenues are so much higher, earnings still go up. Illustrating this, first-quarter 2001 EPS of 49 cents was 23% ahead of the year-ago figure, even though the IBIT margin shrank by 3.2 percentage points. The analyst thinks Enron will make $1.82 per share in 2001.  Growing On You In addition, the huge growth in the energy market that has so helped Enron is likely to continue for several years, according to the analyst. He notes that roughly 75% of the electricity available in the U.S. still isn't traded in a market. "Eventually it will be part of a competitive environment, but it'll take five to 10 years," says the analyst. And he believes the extreme volatility in energy-related commodities that has also benefited Enron will exist for longer than OWS projects.  Still, OWS's point on profitability is bolstered by other profit measures. Return on capital (net income as a percentage of equity plus debt) was 6.6% in 2000, down on 1999's 6.9% and well below the 2000 returns on capital at Duke (DUK :NYSE - news ) (11.8%), Dynegy (DYN :NYSE - news ) (12.1%) and even Goldman (8.9%).  Even Enron bulls will admit that its financials are hard to follow. For example, it doesn't give a gross margin number for its wholesale services, or trading, business, which accounts for 96% of revenue. But one area of the company's financial statements registered with the Securities and Exchange Commission that consistently bugs analysts is the part that describes Enron's related party transactions, which are the deals it does with entities that have some sort of link to the firm. In fact, one of the related entities that Enron has traded with is headed by Enron's CFO, Andrew Fastow. The energy analyst comments: "Why are they doing this? It's just inappropriate."  The reason for maintaining these hard-to-follow related party deals has been a source of speculation. But OWS analysis shows how a sales of optical fiber to a related party may have been used to goose earnings in the second quarter of 2000. Estimated profits from the so-called dark fiber (optical cable without the gear to send data over it) transaction allowed Enron to beat analysts' second-earnings earnings estimate by 2 cents a share, rather than missing by 2 cents.  How soon before Wall Street follows Off Wall Street on Enron?


Based on recent discussions with several energy firms, there appears to be
interest in conducting a survey which
*	summarizes the current state of risk management best practices
within the industry, and
*	provides benchmark data addressing current levels of risk based
performance for various energy related lines of business

To respond to this interest, we would like to conduct a survey which
addresses these goals. We have prepared a proposal which outlines our
approach for conducting a survey, and provides samples of expected output. I
will be in touch sometime next week to discuss the proposal with you, and
determine your interest in participating.

I look forward to speaking with you, and potentially working with you as a
participant in this project.

 <<Benchmark_Sales_Presentation_v2.ppt>>

Thank You

Bob Young

 - Benchmark_Sales_Presentation_v2.ppt


Any thoughts on this Platt's issue?
---------------------- Forwarded by Mark Taylor/HOU/ECT on 01/07/2000 01:53
PM ---------------------------

Robert Pickel <RPICKEL@isda.org> on 01/05/2000 02:41:37 PM
To: "'bobna@crt.com'" <bobna@crt.com>, "'simon.smith@eastern.co.uk'"
<simon.smith@eastern.co.uk>, Mark Taylor/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, "'patricia.hogan@gs.com'" <patricia.hogan@gs.com>,
"'prince.keir@gs.com'" <prince.keir@gs.com>, "'ccerria@hess.com'"
<ccerria@hess.com>, "'MacraeE@mbcl.co.uk'" <MacraeE@mbcl.co.uk>,
"'roffeym@mbcl.co.uk'" <roffeym@mbcl.co.uk>, "'bmccoy@ms.com'"
<bmccoy@ms.com>, "'rita.pearson-schwandt@energie.rwe.de'"
<rita.pearson-schwandt@energie.rwe.de>, "'dbf@vitol.com'" <dbf@vitol.com>,
"'edmund.ha@ontariopowergeneration.com'"
<edmund.ha@ontariopowergeneration.com>,
"'joseph.campos@ontariopowergeneration.com'"
<joseph.campos@ontariopowergeneration.com>, "'lmcmurray@exchange.ml.com'"
<lmcmurray@exchange.ml.com>, "'adele.raspe2@pseg.com'"
<adele.raspe2@pseg.com>, "'schindlg@phibro.com'" <schindlg@phibro.com>
cc:
Subject: 1999 Supplement to the 1993 Commodity Derivatives Definitions

Responses to our request for a final review of the 1999 Supplement have been
very good. We are still waiting on a couple of responses. I won't name
names. You know who you are.

Please also review the attached e-mail from Patricia Hogan at Goldman Sachs
regarding the appropriate Platt's references. She suggests that the Platt's
reference in each definition should be to the version of Platt's that is
published in the relevant region. Please let me know as soon as possible
whether you agree with her suggestion. If you agree with her suggestion,
which I believe is largely mechanical, I would ask that those who took
responsiblity for a particular commodity let us know the proper Platt's
reference for the commodity and delivery point. Otherwise, we will assume
that Tricia's suggestions should be followed.

I look forward to wrapping up this project in the next ten days, so please
respond promptly.

Bob Pickel

-----Original Message-----
From: Hogan, Patricia [mailto:patricia.hogan@gs.com]
Sent: Monday, December 27, 1999 12:07 PM
To: 'rpickel@isda.org'; kellis@cravath.com
Cc: 'Corrinne Greasley'; Marcus, Aaron; Prince, Keir
Subject: 1999 Supplement to the 1993 Commodity Derivatives Definitions

 We have reviewed the Reference Price Sources for the commodities
that have been assigned to us.  I will forward our changes, amendments and
updates under separate cover.

 In the course of reviewing the Price Sources, we came across one
issue that was not discussed on the recent conference call, but is one about
which we have strong feelings.  We believe that the Price Source used for a
particular commodity should reflect the geographic source of the commodity,
e.g., Platt's Asia-Pacific for Asian commodities, Platt's European,
Marketscan or Platt's Crude Marketwire for European commodities and Platt's
Oilgram for North American commodities.  While reviewing the Reference Price
Sources for Fuel Oil, we found that in many cases only Platt's Oilgram is
listed, even though the product is European or Asian.  We would prefer to
delete the references to Platt's Oilgram for products outside of North
America.  However, we understand that such a step cannot be taken without a
discussion with the wider group (which may not be feasible at this point).
If such a discussion is not feasible, we would like (if possible) to include
the European or Asian-Pacific price source in the Supplement along with the
U.S. price source for all products (including those commodities we have not
reviewed and commented on).

 I apologize for bringing this issue up so late in the process.
Please call me, Keir Prince (011 44 171 774 5004) or Aaron Marcus (357-9514)
if you would like to discuss.

>  __________________________________________________
>
>  Goldman, Sachs & Co.
>  One New York Plaza, 37th Floor | New York,  NY  10004
>  Tel:  212-357-2751  |  Fax:  212-428-3597
>  email:   patricia.hogan@gs.com
>
>
>  Patricia L. Hogan
>  Vice President and Counsel
>
>
> __________________________________________________________________________
> __________________________
>
>
>
>


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/05/2000 02:28
PM ---------------------------

Paige Record <recordp@southwestern.edu> on 12/05/2000 01:49:09 PM
To: Kay.Mann@enron.com
cc:

Subject: Re: Christmas

Mom,

I would really not mind taking care of Michael at all. The only glitch is
that I have that wedding to go to on the 28th. If you could find someone
(Lena or Charlotte) to take care of him then, it would all be fine. Also,
you were getting me tickets for the GalleryFurniture.com bowl, but you can
give them to someone else if you want. As long as I'm free for New Year's
Eve, then that's totally cool. If you can't find anyone, I can ask one of
my friends that isn't going to the wedding. I have got to start studying--I
have a test on Thursday, and I am booked solid with DDD stuff until then.
Oh. I just got back from business law. That's the one with the professor
who thinks I'm his best friend. He brought up this situation so we could
talk about liability of the company. A man who works at Love's (the gas
station) was doing a security check because he could tell something was
fishy outside. He went out, and the car was running off without paying for
their gas. Company policy is not to chase them, but to get their license
plate. He was a few steps outside the door, and the car swerved to hit him
and severely injured him. His skull is fractured, and 1/3 of his brain is
bleeding. He has four kids (7,6,2, and 1). So we were talking about the
liability of Love's. The family had next do nothing, and insurance won't
cover it. We discussed it for about fifteen minutes, and several of us said
Love's should be liable. Then he picked up his things and said, "I guess
I'll tell you. That man was my son-in-law, and those kids are my
grandkids." Yikes. The room was silent. I think I'm going to get him a card
or something. He looked awful. Anyway, that's the class I just got back
from. Let me know the details of your vacation so I can be jealous!:)

Love,

Paige


CALENDAR ENTRY:	APPOINTMENT

Description:
	John Buchanan - Oncall

Date:		8/5/2001
Time:		7:00 AM - 7:55 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


The following information and tips are provided to assist you as you're working with Outlook:

The Outlook mail file size restriction has been removed.  However, if you have ever submitted an eRequest for additional space, you will need to forward an email to the ETS Solution Center to have the email restriction lifted.

The steps listed below will allow you to turn off the Auto-Delete feature, so that your mail will not be deleted as you exit:
		Go to your inbox,
		Select tools,
		Select options,
		Select the "other" tab,
		Deselect the check box that says "empty deleted items folder upon exit".

You might want to consider creating a folder called 'Junk' or 'Undecided' for any non-business-related information or any retained items you don't want to clutter your normal folder structure.

Regarding quarantined email messages:
Inbound - For inbound quarantined messages, a ticket needs to be opened with the Resolution Center, 713-853-1411.
If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, the Help Desk will open a ticket to have the email released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.
Outbound - For outbound quarantined messages, an e-mail needs to be sent to IT Security and Controls (itsecurityandcontrols@enron.com) with the recipient's address and the subject line of message.

Should you have any questions or concerns, please feel free to call us at:

ETS Solution Center - Houston		713-345-4745
							888-465-4745

ETS Solution Center - Omaha		402-398-7454


House of Blues has begun providing customized local event calendars via
email. This weekly email calendar will provide you with an up to date
schedule of this coming week's shows near your zipcode. We hope you
enjoy this new feature and we look forward to offering you additional
features in the future.The event calendar below is in HTML format. If
you do not use a HTML compatible email program you can view your local
weekly calendar online by using a web browser to visit:
http://www.hob.com/membership/calendar/denv.asp

HOB.com - It Is Live
<http://www.hob.com/tickets/personalizedemail/emailcalendar.asp?s=hmp&id
=0&target=/> 	  The American Red Cross
<http://www.hob.com/bin/redir.plx?http://store.yahoo.com/redcross-wtc/>

  upcoming events for : Denver

 Sunday, January 6
 	    	Mos Def presents: The Black Jack... (Hip Hop)
Paramount Theatre
Denver, CO
show time : 8pm

<http://www.hob.com/tickets/personalizedemail/emailcalendar.asp?s=sch&id
=4041&sendid=1079068&target=/tickets/eventdetail.asp?eventid=4041>
<http://www.hob.com/tickets/personalizedemail/emailcalendar.asp?s=sch&id
=4041&sendid=1079068&target=http://www.ticketmaster.com/cgi/outsider.plx
?CAMEFROM=WWWHOB%26GOTO=http://www.ticketmaster.com>

 Wednesday, January 16
 	    	Steven Wright (Comedy)
Boulder Theater
Boulder, CO
show time : 8pm

<http://www.hob.com/tickets/personalizedemail/emailcalendar.asp?s=sch&id
=4056&sendid=1079068&target=/tickets/eventdetail.asp?eventid=4056>
<http://www.hob.com/tickets/personalizedemail/emailcalendar.asp?s=sch&id
=4056&sendid=1079068&target=http://www.ticketmaster.com/cgi/outsider.plx
?CAMEFROM=WWWHOB%26GOTO=http://www.ticketmaster.com>

 Sunday, January 20
 	    	The Chieftains (Adult Contemporary)
Paramount Theatre
Denver, CO
show time : 7pm

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It is showing up on my computer and seems to be working.

To: Felix Buitron/HOU/ECT@ECT, Sandra Hart/Corp/Enron@ENRON
cc: Pat Radford, Joya Davis/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT (bcc: Gerald
Nemec/HOU/ECT)
Subject: Re: Steven Van Hooser FASTR

Upon reading the e:mail message shown below, I immediatedly went to
Start/Programs/Infobasis and I found no WINFASTER application.  The
applications that were available were Croporate Workbook 3.0c & 4.1,
Disclosure, Enron Corporate Datasheets, Gas and Power Daily Web Page and
Phone Book.

Given that I requested and Joya Davis processed the request for the FASTR
Database for me, Gerald Nemec and Shonnie Daniel in early January, it is
really a shame that so many people's time has been wasted with this matter.

Please figure out why the program is not showing up on my computer.  Is it
showing up on Gerald's and Shonnie's?

Felix Buitron
02/16/2000 11:31 AM
To: Steve Van Hooser/HOU/ECT@ECT
cc: Pat Radford/HOU/ECT@ECT
Subject: Steven Van Hooser FASTR

FYI
---------------------- Forwarded by Felix Buitron/HOU/ECT on 02/16/2000 11:30
AM ---------------------------

Information Risk Management
02/16/2000 08:14 AM
To: Felix Buitron/HOU/ECT@ECT
cc:
Subject: Steven Van Hooser FASTR

Hello Felix,

Just following up regarding FASTR ,    I spoke with Kevin Hopper and he said
that the WINFASTR is the application he is looking for.
it is under Start / Programs / Infobasis.   He is in the group.

Thanks !
Sandra Hart
Information Risk Management


Start Date: 2/6/02; HourAhead hour: 9;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020609.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


You are crazy

 -----Original Message-----
From: 	Taylor, Craig
Sent:	Tuesday, January 29, 2002 9:58 AM
To:	May, Larry; Griffith, John; Diamond, Daniel
Subject:	Snow

Subject: Snow

This had most of the state of Michigan laughing for 2 days and a very
embarrassed female news anchor who will, in the future, likely think
before she speaks.

What happens when you predict snow but don't get any....

True story...we had a female news anchor who, the day after it was
supposed to have snowed and didn't, turned to the weatherman and asked
"So
Bob, where's that 8 inches you promised me last night?"

Not only did HE have to leave the set, but half the crew did too, they
were laughing so hard!


SK - printed out & gave it to you.  mm

UK angle on California. For discussion. I will call.

---------------------- Forwarded by Peter Styles/LON/ECT on 08/06/2001 16:15
---------------------------
From: Paul Dawson/Enron@EUEnronXGate on 05/06/2001 19:31
To: Peter Styles/LON/ECT@ECT, Richard Shapiro/NA/Enron@Enron
cc:

Subject: Bullets for Kean Presentation

Here's an attempt at some key "lessons" from CA to the UK (or vice versa as
the case may be).  Actually they are more themes/differences/comments coming
out of the CA experience, which will need tailoring/trimming down to fit the
context of the actual presentation.  As I've indicated, depending on the
point being presented, there may be a need for some caution in using the
examples in too simplistic a context.

? Barriers to generator entry.
? Apart from the moratorium, it has been relatively easy to gain consent to
construct new generation in the UK.  This is clearly a good thing in itself,
but there are some potential pitfalls in just asserting this.  The entry has
been criticised as unecessary in a market with significant overcapacity
(indeed this was one of the justifications for the moratorium) and had
surprisingly little impact on price for at least the first 8 years of the
Pool. Indeed prices only fell once NP/PG divested plant.  Hence it would be
easy to retort that new capacity was not required in the UK, the entry that
did occur was wasteful and that the CA analogy is bogus (although clearly the
full story is more complex than this)
? Moratorium had a significant impact on investment and stalled competition.
(True, but difficult to sustain given that divestment and pre-committed new
entry ensured that prices fell significantly before the moratorium was
lifted.)
? Danger that measures designed to meet the CHP and Renewables targets
constrain future developments and lead to capacity shortages, ie, perfection
should not be the enemy of the good.  This is not the case currently.
However, new applications must demonstrate that CHP has been fully explored -
if this hurdle acquires real teeth (or turns into something more formal) then
we could see easy consents getting significantly more difficult.  This is,
however, largely speculation at the current time.

? Retail caps
? Purchase costs could be passed through in UK (for at least the first 8
years).  Although some purchase costs were pseudo-regulated (through the
vesting contracts and their replacements),  the Public Electricity Suppliers
also purchased power from CCGTs in which they also took equity at very high
prices.  (Teesside was one of the first examples of this.) The cost of this
was passed through to franchise customers.  This was widely criticised and
although the regulator allowed this to happen (on the grounds of entry
promoting competition), the fact that all the entry was baseload and NP/PG
still controlled the marginal plant meant that wholesale market prices didn't
change at all.
? Since 1998, prices caps have been instituted and have not been a problem.
Although the caps squeezed the PES margins, they could contract forward to
hedge the risk of wholesale price movements.  Morever, the price caps have
actually reduce wholelsale prices - generator market power meant that the
wholesale price was, in part, a net-back from the allowed retail tariff.
? Watch out for Independent Energy, a supplier who did go bankrupt.  This was
due to a combination of being under-hedged when power prices rose and not
having adequate infrastructure to bill customers and get the cash in.

? Competition
? Generator concentration meant excessive prices for the first 8-9 years of
the Pool.  Restructuring and divestment was essential to realising the
benefits of competition.
? Retail competition has been very successful and has been a key driver in
increasing liquidity in the wholesale market

? Stranded Costs
? Stranded cost recovery largely didn't distort the market, eg, nuclear levy,
vesting contracts did not affect marginal decisions.  (That said market power
provided a very soft landing and the market was clearly stitched up to meet
the needs of the miners for years.)

Hope these help.  Please let me know if you need anything further.

Cheers,

Paul


If that is the best we can do, so be it.

	Tana Jones@ECT
	05/08/2001 06:03 PM

		 To: Marcus Nettelton/NA/Enron@ENRON
		 cc:
		 Subject: Re: EOL approvals, 05-02-01 _ GCP Response - Attn. Global SAP

We have another problem with that 90 character thing...
----- Forwarded by Tana Jones/HOU/ECT on 05/08/2001 06:02 PM -----

	Cheryl Johnson@ENRON
	05/08/2001 05:38 PM

		 To: Samuel Schott/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Stephanie Sever/Enron@EnronXGate@ECT, Marilyn
Colbert/HOU/ECT@ECT, Lisa Lees/Enron@EnronXGate@ECT, Tom
Moran/Enron@EnronXGate@ECT, Marcus Nettelton/NA/Enron@ENRON@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect
		 Subject: Re: EOL approvals, 05-02-01 _ GCP Response - Attn. Global SAP

I've added all the remaining characters that the system willl allow, "Board
of Port Commi".

	Samuel Schott @ ECT
	05/08/2001 05:24 PM

To: Tana Jones/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron
cc: Stephanie Sever/Enron@EnronXGate, Marilyn Colbert/HOU/ECT@ECT, Lisa
Lees/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Marcus
Nettelton/NA/Enron@ENRON

Subject: Re: EOL approvals, 05-02-01 _ GCP Response - Attn. Global SAP

Hello Tana,

The Global SAP team (Cheryl Johnson) handles any Counterparty Name changes
upon receipt of support documentation from the Counterparty.
Please forward any such documentation to Cheryl Johnson.

Thanks,

Best Rgds.

Samuel x3-9890 (GCP Team)
Enron Net Works _ Global Data Management

From: Tana Jones on 05/08/2001 05:08 PM
To: Samuel Schott/HOU/ECT@ECT
cc: Marilyn Colbert/HOU/ECT@ECT, Stephanie Sever/Enron@EnronXGate, Lisa
Lees/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Marcus
Nettelton/NA/Enron@ENRON
Subject: Re: EOL approvals, 05-02-01 _ GCP Response

Pursuant to the documentation the counterparty provided when they entered
into the power EEI, and at the direction of Marcus Nettelton, a lawyer in the
power group, the counterparty name for the Port of Oakland should set up in
GCP as follows:

The City of Oakland, a municipal corporation acting by and through its Board
of Port Commissioners

GCP, if you could please redo the counterparty name, and Stephanie, if you
could please resubmit the PA to match the counterparty name, then we can get
this one done...

	Samuel Schott
	05/03/2001 09:24 AM

		 To: Walter Guidroz/ENRON@enronXgate @ ENRON, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate@ENRON, Debbie R Brackett/ENRON@enronXgate@ENRON, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate@ENRON, Cynthia
Clark/ENRON@enronXgate@ENRON, Enron Europe Global CounterParty/LON/ECT@ECT,
Stephanie Sever/ENRON@enronXgate@ENRON, Tom Moran/ENRON@enronXgate@ENRON,
Claudia Clark/ENRON@enronXgate@ENRON, William S
Bradford/ENRON@enronXgate@ENRON, Lisa Lees/ENRON@enronXgate@ENRON, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/ENRON@enronXgate@ENRON, Tanya Rohauer/ENRON@enronXgate@ENRON,
Kelly Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications@ENRON, EOL Call Center, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications@ENRON, Molly LaFuze/Enron
Communications@Enron Communications@ENRON, Danny Clark/Enron
Communications@Enron Communications@ENRON, Stephanie Panus/NA/Enron@Enron,
Teresa Mandola/ENRON@enronXgate@ENRON, Bill Kyle/ENRON@enronXgate@ENRON,
Amber Ebow/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL approvals, 05-02-01 _ GCP Response

Any GCP adjustments will be highlighted in blue.

Best Rgds.

Samuel x3-9890 (GCP Team)
Enron Net Works _ Global Data Management

From: Walter Guidroz/ENRON@enronXgate on 05/02/2001 04:40 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/ENRON@enronXgate, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications, Molly LaFuze/Enron
Communications@Enron Communications, Danny Clark/Enron Communications@Enron
Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate, Amber Ebow/HOU/ECT@ECT
cc:
Subject: EOL approvals, 05-02-01

Please see attached.


-----Original Message-----
From: Peter A Doris [mailto:Peter.A.Doris@uth.tmc.edu]
Sent: Wednesday, November 22, 2000 8:35 AM
To: kdoris@corelab.com
Subject: Shower pictures 2

 - Shower4.jpg
 - Shower5.jpg
 - Shower6.jpg
 - ATT88798.txt


Please remember that our weekly conference call was rescheduled to Tuesday,
5/22 @11:00am (CST).

Dial-in number:  888/311-9051
 Pass code:  60396

Sue Nord, Sr. Director
Government Affairs
713 345-4196


Need to reduce our bid for each time frame by $.20/mmbtu.

Please advise
---------------------- Forwarded by Stephanie Miller/Corp/Enron on 03/19/2001 11:55 AM ---------------------------

Stephanie Miller
03/19/2001 10:31 AM
To:	michelle.lokay@enron.com
cc:

Subject:	Pre-arranged bid

ENA's bid for the package of 10,000 mmbtu/day from W Tx pool to PG&E Topock is $2.03 for April - October time frame, $2.25 for the April - Jan.

Please advise of outcome ASAP.

Regards,

Stephanie
713 853-1688


The information contained in the Weekly Public Report can be communicated to audiences outside the company and should be used to ensure that we present a consistent message to the public. Please ensure that this email is distributed to anyone in your group who needs to discuss EnronOnline with individuals outside the company.

This report is not intended to be used as a stand-alone presentation, nor that all the information be used in a single presentation or customer communication.

Total Life to Date Transactions >1,600,000
Average Daily Transactions > 6,000

Life to Date Notional Value of Transactions > $880 billion
Daily Notional Value Approximately $2.5 billion

Number of Products Offered: Approximately 2,100
Number of Currencies Traded in = 15

EnronOnline Version 1.0 Launch Date: November 29, 1999
EnronOnline Version 2.0 Launch Date: September 18, 2000

Due to size constraints on the Outlook System, the Public Report will no longer be distributed.
A complete copy of the report can now be accessed directly through the EnronOnline
Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Public Reports" tab. A dropdown menu will appear with a list of the various public reports available for viewing. .

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Fraisy George at x35424.


She didn't leave me a voice mail.

From: Suzanne Adams@ECT on 01/05/2001 10:44 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re:

Did Sheila leave you a voice mail?  She was trying to call you this morning.
I think she wants to talk to you about something.  Of course this could be
old news by now.

	Kay Mann@ENRON
	01/05/2001 09:28 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject:

I'm at home this am, as I want to go by GE's offices this am to get some
signatures.

Kay


---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/15/2001
09:49 AM ---------------------------

From:  Veronica Espinoza @ ENRON
               02/15/2001 09:47 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT
cc:
Subject: Credit Report--2/15/01


I agree with David- we should work these issues into our discussion w/ Luntz
on Friday. I think Haug captured the issues we have to grapple with better
than we've been able to thus far.
---------------------- Forwarded by Richard Shapiro/HOU/EES on 08/16/2000
02:22 AM ---------------------------

David Haug@ENRON_DEVELOPMENT
08/14/2000 10:23 PM
To: Steven J Kean/HOU/EES@EES
cc: Executive Committee@EES, Gavin
Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P
Hirl/AP/ENRON@ENRON@EES, Jeannie Mandelker/HOU/ECT@ECT@EES, Nicholas
O'Day/AP/Enron@Enron@EES, Mark Schroeder/LON/ECT@ECT@EES, Richard
Shapiro/HOU/EES@EES, James D Steffes/HOU/EES@EES
Subject: Re: Talking Points re "reregulation" in California

Steve, thanks for the helpful materials. However, if the experience in
overseas deregulating electricity markets where price increases and spikes
have occurred is any precedent, we will need to have some more down-to-earth
responses to a some of the potentially inflammatory issues facing the
politicians:
    1. When the prices spike, who reaps the windfall? Who sells that most
expensive 1% of the kwh? Is it a careful planner or a lucky speculator or
market manipulator? Someone is making a bunch of money off the screwed up
system. Who is it, and why is that OK?
    2. We do not allow people to inflate water prices to consumers in times
of drought, or food prices in times of hurricanes or floods. Even gasoline
price increases in periods of high demand are within 20%-30% of the base, not
2,5,10 or 100 times the average like spot electric prices. The issue isn't
whether the system is broken or not or how bad partial regulation is or how
much demand has increased versus supply. Thes will be seen as "ivory tower"
discussions. The populist political issue is, until the problem is fixed, why
should some shrewd big electric company or middleman be allowed to profit off
the misfortune of consumers who did not cause the problem? Why should anyone
be allowed to profiteer by selling at multiples above their generation cost?
    3. The hedges, fixed price contracts and other de facto insurance against
volatility that Enron or others offer could be seen as a symptom of the
problem rather than the solution.  Enron could be seen as at best a band aid
and at worst an opportunist made possible only by a broken system - - -sort
of like the guys who ran the old style protection rackets, or Colombian
"security consultants" who "guard " pipelines from the threats their guerilla
afiliates create, or  political risk insurance that you shouldn't really need
if the host country wasn't so screwed up. Don't worry about high crime in
your neighborhood -  - - just hire an off-duty policeman.   Who needed these
new electricity risk management products in the old days before deregulation?

    We have to be able to answer these types of questions at the level of the
ordinary citizen, not merely have the correct long-term competitive market
solution, or the forces of ignorance and re-regulation will gain momentum.
Are we sure we shouldn't back a temporary peak hour price cap  until the
regulatory problems we're all familiar with are worked out, to avoid a much
worse long term rollback?. - - -DLH

Steven J Kean@EES
08/14/2000 05:42 PM
Sent by: Maureen McVicker@EES
To: Executive Committee
cc: Gavin Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P
Hirl/AP/ENRON@ENRON, Jeannie Mandelker/HOU/ECT@ECT, Nicholas
O'Day/AP/Enron@Enron, Mark Schroeder/LON/ECT@ECT, Richard
Shapiro/HOU/EES@EES, James D Steffes/HOU/EES@EES

Subject: Talking Points re "reregulation" in California

As I promised this morning at the executive committee meeting, below are some
talking points for your use.

Overall message:  the market is working, regulation is not.

In California, peak demand rose by 10% over the last 4 years while new
capacity grew by only 2%.  But, as you would expect, the market responded by
proposing 8,000MW of new generation - - more than enough to offset the peak
demand growth.  The regulatory process, at both the state and local level,
has failed to site this new generation.  The problem is regulation, not
deregulation.

When San Diego customers began experiencing the effects of higher prices,
Enron responded with a fixed price which would have shielded San Diego
customers from price volatility and provided prices below their current
summer levels (Enron's price was about $55/MWH).  After publication of
Enron's offer, nine other companies made offers.  Again, the market responded
where regulation failed.  San Diego has not accepted any of these offers
because of regulatory/legislative restrictions on its ability to buy outside
of the PX (i.e. the spot market).

In markets where siting is easier, suppliers have moved to build additional
generation.  Enron built 3 plants in response to the 1998 price spikes.
Those plants were planned, sited and built in less that 12 months - - in time
for the summer of 1999.  Where regulatory hurdles are lower, the market
responds.

The solution to current pricing and reliability issues is more competition
not reregulation.  Policy makers should:

Open the transmission grid so that power can get from where it is to where it
is needed.

Expedite interconnection of new generation.

Expedite siting of new facilities.

Give customers a choice, so that they have better access to demand side
solutions.

Also attached is a more detailed discussion of California, prepared by Jeff
Dasovich of our San Francisco office.


BUSINESS HIGHLIGHTS

Weather Group

Let,s give a big round of applause to the Weather Team!  Environmental
Finance Magazine ranked the weather group #1 in Online Services and #1 Dealer
in the United States and Europe.  Gary Taylor, manager in weather trading,
comments, "The "Best Dealer" award reflects our counterparties' appreciation
for the significant effort we have made to drive the growth of our market by
making two-sided markets where other companies are only willing to quote
either a bid or an offer.  This award also reflects the innovative nature of
everyone on our desk, and their ability to price non-standard structures for
our customers.  It is truly a team award.  The "Best Online Dealer" award is
simply another testament to the unparalleled success of EnronOnline.  By
providing tight, two-way markets online, we have provided two critical
elements to generate growth in our market: 1) an element of price discovery,
and 2) a quick and easy way to transact."

The Weather Risk Management group launched a new product this week:  Power
Demand swaps.  These contracts use power demand as an index and allow power
market participants (generators, btu distributors, marketers, etc...) to
mitigate volumetric exposures.  The first contract the desk offered is for
the PJM power pool.  On EnronOnline, weekly swaps are available and the desk
has placed option contracts on this index in the broker market.  Inquiries
regarding this product should be directed to Claudio Ribeiro (product
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.

Competitive Analysis and Business Controls
eSource, Enron's premier corporate-wide research group, launched their new
intranet product, eSearch, on December 1, 2000.  eSource's team of
specialized researchers have created a web site to bring information and
research to every employee's desktop.  The eSearch web site offers many links
to information resources, access to research databases, specialized searches,
sites to purchase books, articles, and reports, and training.  Employees can
use the web site to conduct their own research or as a vehicle to submit
research requests.  eSource's researchers and industry specialists are
available to all Enron business units to provide timely and cost efficient
research, to work with individuals or groups to fulfill one time research
requests, or to design ongoing, customized monitoring projects or news
updates.

Enron Global Markets Fundamentals
EGM Fundamentals is quickly building a team of expert analysts and associates
to work directly with traders and marketers.  The team is already busy
analyzing various commodities and market situations.  For example, an
initiative is underway to analyze current negative fractionation spreads in
the market resulting from rising natural gas prices.  Web sites to host this
analytical information are currently in development for all EGM commodities.
These sites will provide research and analysis, weather, publications, and
any other information that will assist in decision-making or identification
of potential commercial opportunities.  For questions or requests regarding
fundamental research, contact Jennifer Fraser at x34759.  For questions or
suggestions regarding the web sites, contact Heather Purcell at x54057.

Austin Energy
Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North America
broke ground November 29, 2000 for the construction of the Sand Hill Energy
Center, a 180-megawatt peaking electrical generation facility.  Located in
eastern Travis County, the Sand Hill Energy Center will be a natural gas
fired facility that will operate primarily during peak demand periods.  The
$93.7 million project will feature four 45-megawatt General Electric gas
turbines and will be operational May 1, 2001.

NEWS FROM THE GLOBALFLASH

Coal
The London dry cargo seafreight team traded 1 million metric tonne of
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The deal
was created by combining OTC options and a physically related cash market
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy company
Graninge.  According to the agreement, Graninge will deliver electricity to
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's
Utgrunden off-shore wind park, completed this year, will generate in the
region of 38,000 megawatt hours of electricity, or enough for around 6,000
average homes between the mainland and the island of Oland on the southeast
tip of Sweden.  In an announcement this week, Graninge stated that it plans
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course of
its first year, EnronOnline has passed a number of milestones including the
addition of a range of new functionalities for customers on the site.
EnronOnline has now come of age, having surpassed the $274 billion mark in
notional value in November.  This represents a total of 478,695 transactions
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to
EnronOnline in Europe.  A team from Reuters was invited into Enron House to
receive a full demonstration of EnronOnline and as of today will be able to
quote in reports live prices from EnronOnline.  Other media outlets are being
invited to obtain guest access during the coming weeks as the word of
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role.
Elliott Katz worked on the GEM migration in Singapore last week with an IT
team from London, Oslo and Singapore.  Approximately 40 users, including
Traders, were migrated to Windows 2000 and the CORP domain.  This is an
important step for the Asia Pacific region, as it brings the three biggest
offices (Singapore, Sydney and Tokyo) into line with corporate standards for
desktop computing.

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announced
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industrial
area  in northern Japan.   A feasibility study will be undertaken to define
how the project will go forward and this may include the development of an
LNG terminal in the vicinity.  The nature of the permitting process is such
that the plant would not begin operations for six to seven years.  This
project is just one of several options that E-Power are working on in Japan.

NUGGETS & NOTES

&Go Big or Go Home8 ) Mike McConnell/President & CEO-EGM

"Call Back" - Don Schroeder, VP/Crude Trading-EGM

REMINDER

Holiday Party
Enron North America, Global Markets and Industrial Markets
Enron Field
Saturday, December 9
7:00 - Midnight

WELCOME
New Hires ENA/EIM/EGM
ENA ) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Churbock,
Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri
Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia
English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
EGM )Ellen Alexander, Mike Perun

Transfers to ENA/EIM/EGM
ENA ) Gregory Golden
EGM ) Keynan Dutton

FROM THE EDITORS

Thank you to all the contributors to this week's EnTouch.  We want to hear
from the various departments within Enron Americas, Global Markets and
Industrial Markets!  Please continue to send your business highlights,
nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


Tana, of course I thought of you first when I received this message from
Limor.  Do you have the info she needs or can you steer us in the right
direction?
Many thanks,
Laurie
----- Forwarded by Laurie Mayer/HOU/ECT on 05/15/2001 02:20 PM -----

	Limor Nissan/ENRON@enronXgate
	05/15/2001 01:58 PM

		 To: Laurie Mayer/HOU/ECT@ECT
		 cc:
		 Subject: ISDA site

Hi Laurie,

I wanted to use the ISDA site for members, and don,t know what Enron,s ID and
password are.  Any idea where I can find out?

Thanks,

Limor

Enron Global Markets
520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com


> Please download the attached it confirms that you have been registered to
> attend the ISDA March 6,2001 conference in Houston. If you have any
> further questions please feel free to call me at 212 332 1209.
>
>
>  <<houstonenergyconf.doc>>
> Regards,
> Jean

 - houstonenergyconf.doc


Let's discuss in the morning. Thanks. Lynn

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Monday, July 30, 2001 4:52 PM
To:	Kuehl, Toby; Schoolcraft, Darrell; Blair, Lynn; January, Steven
Subject:	RE: Unsubscribed Capacity Posting Schedule

Lynn and Steve,
 I think you can answer this question below on the posting. The question is when to post.
Can you get back to us & let us know?

Thanks Ramona

 -----Original Message-----
From: 	Kuehl, Toby
Sent:	Monday, July 30, 2001 12:19 PM
To:	Betancourt, Ramona
Subject:	RE: Unsubscribed Capacity Posting Schedule
Importance:	High

Ramona,

I sent her the approximate times the TW cycles are completed last week (below).  The issue she is having now is when to post.

1.  After the cycle is complete   or
2.  After confirmations are available.

Today we currently generate a new posting for Operationally Available every 15 minutes to keep it constantly updated. But if we go to 4 times daily, when does she set the time to generate and post?  I'm probably not the one to answer this.  Someone needs to make the call which of the two times would be correct one to post.  Another issue is when we have system problems and the time gets thrown off and it has a set time to run, wouldn't this skew the available capacity numbers?

This was my e-mail to Jeanie last week..........

They are generally set times, but there are times when we are having (TMS) system problems that the times have to be pushed up. But as a general rule the times that TMS cycles run are:  (This is for TW)
Evening Cycle: Runs at approximately 6:00 -  6:30 p.m and confirmations run at approximately 9:00p.m.
Non Grid: Runs at approximately 8:00 - 8:30 a.m.
Intraday 1: Runs at approximately 10:00 - 10:30a.m. confirmations run at approximately 1:00p.m.
Intraday 2:  Runs at approximately 5:00 - 5:30 p.m. confirmations run at approximately 8:00p.m.
Timely:  Runs at approximately 11:30 a.m  - 12:05 p.m. confirmations run at approximately 3:30p.m.

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Monday, July 30, 2001 11:51 AM
To:	Licciardo, Jeanne; Ratliff, Dale; Watson, Kimberly; Frazier, Perry; Schoolcraft, Darrell; Holmes, Bradley; Sawyer, Lisa; Kuehl, Toby; Blair, Lynn; Donoho, Lindy; Draemer, Mary ; Hess, Theresa
Cc:	Dunnaway, Tina
Subject:	RE: Unsubscribed Capacity Posting Schedule

Toby,
Have you already covered this issue below from Jeanne. I am thinking that you and Mary and Marketing might have already discussed. If so, can you respond back to Tina & Jeanne.

If you do not know, can we meet & discuss so we can get them an answer by Tuesday.
Thanks Ramona

 -----Original Message-----
From: 	Licciardo, Jeanne
Sent:	Friday, July 27, 2001 8:10 PM
To:	Betancourt, Ramona ; Ratliff, Dale; Watson, Kimberly; Frazier, Perry; Schoolcraft, Darrell; Holmes, Bradley; Sawyer, Lisa; Kuehl, Toby; Blair, Lynn; Donoho, Lindy; Draemer, Mary ; Hess, Theresa
Cc:	Dunnaway, Tina
Subject:	RE: Unsubscribed Capacity Posting Schedule

Ramona,
Operational and Design Capacity Postings to the Internet and thru EDI is already implemented in Production and to my knowledge does not have any issues that I am aware of in regards to the schedules.

The schedule for posting that I am referring to is for Unsubscribed Capacity. The meetings that were held with regards to Unsubscribed Capacity included what to post, for how long and and the frequency of the postings. Today, Perry maintains and updates his Excel spreadsheet and the Internet team posts the Unsubscribed capacity every hour. In one of our meetings, it was decided that we would post 4 times a day with the automated feature rather than every hour. From that I am trying to determine the times so that I can create an automated schedule to have this data available. The schedule really only applies to the Internet postings. EDI's schedule is when the customer sends in a request for data.  If you can coordinate and finalize this schedule while Dale is out, it will help us move forward. If you have any other questions, please call me as Tina is also out of the office until Tuesday.
Thanks,
Jeanne

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Friday, July 27, 2001 4:42 PM
To:	Ratliff, Dale; Watson, Kimberly; Frazier, Perry; Schoolcraft, Darrell; Licciardo, Jeanne; Holmes, Bradley; Sawyer, Lisa; Kuehl, Toby; Blair, Lynn; Donoho, Lindy; Draemer, Mary
Subject:	RE:

Jeanne,
Dale Ratliff is out of the office on vacation all next week & I wanted to help follow up on this item. I think for TW the posting it occurs after the cycle is complete. Rich  or Toby can  verify that for us. One thing that is different on TW, is our processis to confirm before we allocate. The allocation is the last process we do which produces our final or completed schedule volumes for each cycle.This is different than NNG which allocates then confirms.

Also in you reference below that you need to know the schedule for posting Unsubscribed.  I want to make sure that this is correct or is it the operational available? I think the operational posting is what is scheduled after each cycle.
Please let me know.
Thanks Ramona

 -----Original Message-----
From: 	Ratliff, Dale
Sent:	Friday, July 27, 2001 11:36 AM
To:	Watson, Kimberly; Frazier, Perry; Schoolcraft, Darrell; Licciardo, Jeanne; Holmes, Bradley; Sawyer, Lisa; Kuehl, Toby; Blair, Lynn; Donoho, Lindy; Betancourt, Ramona ; Draemer, Mary
Subject:	FW:

Jeanne,

Unless there is any other comment we should post after the confirmations are complete,  even if the noms are late.

I will be out of the office the week of 7/30 so please send your comments or question to Bradley Holmes or Ramona Betancourt.

Thanks
Dale Ratliff

 -----Original Message-----
From: 	Licciardo, Jeanne
Sent:	Thursday, July 26, 2001 1:28 PM
To:	Ratliff, Dale; Kuehl, Toby
Cc:	Dunnaway, Tina
Subject:

Dale,
I need to know what is the schedule for the posting of the Unsubscribed. These are the times the cycles run. Do we run when these are complete? Should we post based on the confirmation time? Do we follow these times even if Noms is late?

Thanks,
Jeanne

Evening Cycle: Runs at approximately 6:00 -  6:30 p.m and confirmations run at approximately 9:00p.m.
Intraday 1: Runs at approximately 10:00 - 10:30a.m. confirmations run at approximately 1:00p.m.
Intraday 2:  Runs at approximately 5:00 - 5:30 p.m. confirmations run at approximately 8:00p.m.
Timely:  Runs at approximately 11:30 a.m  - 12:05 p.m. confirmations run at approximately 3:30p.m.


Stinson,

Can you ask Alex and Tanya to interview this guy?
I wan to make a recommendation to Celeste based on
an this interview.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
05:03 PM ---------------------------

Celeste Roberts
01/18/2001 04:33 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Paul LeBeau/NA/Enron@Enron
Subject: Re: Fwd: Summer Internship--Ph.D. in Chicago

Vince:

Have you had a chance to interview?  If not, we can make arrangements to have
candidate interviewed when we go to Chicago for summer associate interviews.
Let me know and I will get the Chicago recruiter to add to schedule.

Vince J Kaminski
01/17/2001 03:51 PM
To: Celeste Roberts/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Fwd: Summer Internship--Ph.D. in Chicago

Celeste,

I am a very good customer of your group.

This is another student (this time from Chicago) I would be glad to take into
the group
as an intern. The resume is attached at the bottom of this message.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/17/2001
03:51 PM ---------------------------

Li Xiao <lxiao@gsb.uchicago.edu> on 01/13/2001 01:41:29 PM
To: vkamins@ect.enron.com
cc:
Subject: Fwd: Summer Internship--Ph.D. in Chicago

Hi, Vince,

This is Li, writing from U. of Chicago.
I am in the second quarter here.
The study and social life is extremely busy at the school.
But I enjoy connecting the knowledge I learn everyday here
with the experience I had with Enron.

A schoolmate of mine, a Chicago Ph.D. candidate in finance,
is looking for an internship for the coming summer.
I recommend him to write to you to see if you are interested in
or if there is a need. If so, you can contact with him directly.
He is a really bright guy. If not, hope you don't mind that
I sell Enron at school so hard.

Again, thanks for all the help you gave me.
Have a good new year.

Li

P.S.: Cover letter below and resume attached.

_______________________________________________

LI XIAO
University of Chicago
Graduate School of Business, Class of 2002
(773) 955-0710
_______________________________________________

Dear Dr. Vince Kaminski,

I am a Ph.D. student in Finance at the University of Chicago GSB who =
hopes to find a summer internship at Enron of 2001 (between June and =
September). I heard your group from my friend Li, who worked at Enron =
for 3 year. She spoke highly of you. If it's okay, I am primarily =
interested in Risk management.
At the University of Chicago, I will have completed all the Ph.D. =
courses in the area of finance by the end of the first year. As normally =
it takes two years to finish the required finance courses, I decided to =
take all the finance courses in the first year. In the fall quarter, I =
already took Empirical Asset Pricing and Theoretical Asset Pricing and =
did very well. In the winter quarter, I will be taking Corporate =
Finance, Continuous Time Finance and Behavioral Finance. I am exposed to =
all fields of finance. Prior to coming to Chicago, I received a Master's =
degree in Economics at Washington University in Saint Louis where I =
acquired skills in economic analysis. I also have a strong background in =
statistics and mathematics. This makes me believe that I have acquired =
the ability to do financial research.

Prior to coming to the United State, I was an outstanding graduate from =
Beijing University, China. I was the founder and President of Beijng =
Univeristy Society of Oceanology. I also organized a research jouney in =
the round-the-Bo-Sea Economic Region. These experience helped to hone my =
communication and interpersonal skills.

As illustrated above, my skills and expertise are ideally suited for =
financial research. My resume is enclosed. In the event that you think =
an interview is in need, my time is very flexible. Your assistance is =
appreciated.

Sincerely yours,

Jason Chen (Huafeng)

6022 S. Drexel Ave, Apt 612
Chicago, IL 60637
(773)955-0348

 - Resume.doc


do you have a number for the folks in Colorado?  The latest one they gave me no longer works.
thanks


Im out of town
m


MARK YOUR LUNCH CALENDARS NOW !

You are invited to attend the EWS Brown Bag Lunch Series

Featuring:  TIM BATTAGLIA

Topic:  Steel Origination

Thursday, April 19, 2001
11:30 a.m. - 12:30 p.m.
EB 5 C2

You bring your lunch,            Limited Seating
We provide drinks and dessert.          RSVP x 3-9610


At the Four Seasons Hotel - Livingston Room


Start Date: 4/11/01; HourAhead hour: 5;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041105.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 5 / Preferred:  33.08 / Final:  20.00)
  TRANS_TYPE: FINAL
  SC_ID: TOSCO
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  UNIT_ID: UNCHEM_1_UNIT
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 5 / Preferred:  41.60 / Final:  41.57)
  TRANS_TYPE: FINAL
  SC_ID: DELANO
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  UNIT_ID: PANDOL_6_UNIT

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 5 / Preferred:  47.00 / Final:  46.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_8000
  ENGY_TYPE: WHEEL
+++ Hour 5 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: WHEEL
+++ Hour 5 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: WHEEL
+++ Hour 5 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: NFRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:   0.43 / Final:   0.29)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:   4.69 / Final:   3.35)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:  42.87 / Final:  31.31)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:  21.55 / Final:  25.55)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI