This legislator is very bright and articulate -- he obviously "gets it"

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/13/2001 03:54 PM -----

	Peter Bray@NEWPOWER
	07/13/2001 09:40 AM

		 To: susan.j.mara@enron.com
		 cc:
		 Subject: From Assemblyman John Campbell's Laptop To Yours, 7/13/01

Y'all could have an ally in John Campbell, to the extent you want to work the
Sacramento leagues...   Peter

----- Forwarded by Peter Bray/HOU/NewPower on 07/13/01 09:38 AM -----

	"Cowen, Jennifer" <Jennifer.Cowen@asm.ca.gov>
	07/13/01     09:19 AM

		  To:
		  cc:
		  Subject: From Assemblyman John Campbell's Laptop To Yours, 7/13/01

Campbell's Capitol Communications

Weekly Report
July 13, 2001

Governor's myths

We have known for some time that Gray Davis is a much better fundraiser and
political spin doctor than he is a Governor, but lately he is taking the
spin way too far. He is so desperate to find villains with whom he can
deflect focus from his own record that he continues to ignore facts. Here is
my effort to set the record straight on several of the Governor's, and his
lackeys, recent
pronouncements on energy and the budget.
Energy:
MYTH:  "All Texans are evil"
His spokesman said, "Anywhere they wear cowboy hats, they probably have
handkerchiefs across their face because they are robbing us blind."
Why he said it: George Bush is from Texas and is a convenient scapegoat.
FACT: Only 2 of the 12 largest energy suppliers to California are from Texas
and they provide only 9% of the state's energy use.

MYTH:  "Private power generators charged California the most"
Governor Davis said, "What's going on here, pure and simple, is
unconscionable price-gouging by the big energy producers."
Why he said it: Polls show that it is easier to blame power generators for
the energy crisis than anyone else. FACT: The private company power
generators charged substantially lower prices over the last few months for
energy than the public agencies.  In fact, documents recently released
reveal that Enron and Mirant averaged $181 and $225 per megawatt while LADWP
and Sacramento Municipal averaged $292 and $330 for energy sold to the state
during the first quarter of this year.

MYTH:  "Power companies manipulated prices"
Governor Davis said,  "Their testimony could be the "smoking gun" that
demonstrates there was improper manipulation of California's electricity
market."
Why he said it: another way to say, "its not my fault, its their fault"
FACT: Duke energy shut its plant down because it was ordered to, in order to
balance the grid, by the California ISO, an entity overseen entirely by
Davis appointees.
Budget:
MYTH:  "Republicans want to cut education spending"
A lead education appointee said, "We feel very strongly that agreeing to
that would put us in a position where children would lose." Why it was said:
he needs to think of something to justify his tax increase. FACT:
Republicans have never proposed cuts in education out of the current budget.
We have instead proposed reducing pork, entirely new or expanded
programs, and cutting funded but vacant bureaucratic positions.

MYTH:  "The $1.2 billion sales tax increase is not a tax increase"
The Governor said, "They've just invented this argument about a tax
increase. It's just nonsense. It's not a tax increase."
Why he said it: he wants to maintain the illusion of being a fiscal
conservative FACT: One year ago, when the sales tax was cut, Davis had a
news conference announcing "This tax decrease will benefit every
Californian.  It will put even more of our prosperity in the hands of those
who created it in the first place - the taxpayers of this State." Now, when
the same tax goes up, it is not a tax increase?
I will let you figure out for yourself whether or not these myths are indeed
myths -- I only hope that you won't be using the Governor's statements for
your facts.

Until next week, that's all for this week.

John Campbell

Feel free to forward this e-mail to a friend!

If you wish to be taken off this e-mail list, please notify me.
Jennifer Cowen, District Director
Assemblyman John Campbell, 70th District
949.863.7070
949.863.9337 fax


Rick, in the interest of preserving trees and keeping the information
reasonably controlled, I would distribute this to senior managment and the
portfolio managers in each origination group responsible for each investment.

Portfolio Managers

Steve Pruett - Energy Capital Resources - (E&P)
Chuck Ward - Generation Investments
Chris Helfrick - Industrials and Coal
Michael Miller - Principal Investing
Richard Lydecker - Restructuring
Ray Bowen - CTG
Andrea Reed - CTG
Wes Colwell - Controller
Jordan Mintz - Tax

Management

Jeff Skilling
Joe Sutton
Mark Frevert
Dave Delainey

I don't think we need to distribute this data farther.  The business unit
heads in the finance origination groups can access their portfolio manager
for the data if needed.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/22/2000
12:59 PM ---------------------------
From: Rick L Carson on 06/16/2000 05:00 PM
To: David W Delainey/HOU/ECT@ECT
cc: Rick Buy/HOU/ECT@ECT
Subject: Enron North America - Asset Snapshots Q1 2000

Dave:  I am having delivered to your office this afternoon a proof copy of
our snapshot book for ENA for Q1, 2000.  Before we distribute to others, Rick
Buy and I thought we should check in with you on the distribution list which
is included on the letter attached to the snapshots. (also attached below)
You may recall that last quarter we cut down the distribution considerably by
requiring anyone who wanted a book to contact us.  The people on the attached
list were those that specifically requested a book.  One other thing to
note:  this time we have included overall portfolio and return numbers in the
front of the book.  This may affect your decision on how you want the book
distributed within ENA.

Your advice on additions/deletions to the distribution list is appreciated.
If you have questions, please give me a call.

              Regards,

              Rick C.


We will continue to offer REORIENTATION sessions to keep you updated on changes to Enron's business policies and procedures since filing for bankruptcy.  This is a short session designed for employees to outline current benefits and services, and to provide a better understanding of the bankruptcy process.

Agenda items include:
- An update on the Credit Union
- A Legal Overview, including some things you should know about bankruptcy
- Status of the Enron Building, including space management, churns and building services
- A review of Employee Benefits
- A presentation from the Resolution Center
- An update on existing Employee Services
- An overview Employee Self Service, including how to access or change your own employee information

The next session will be held on Wednesday, May 8th in EB5C2 from 9:00-11:00am, and is limited to 50 participants, so you must RSVP if you would like to attend.  Simply select the button above to indicate that you would like to attend.  You will then be sent a confirmation email.   If you have a question about this program or a suggestion for a future program, please contact Sarah Austin at 5-3791.


Please incorporate the management contact changes per Sheila Glover for the
2000 plan.
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/11/2000 06:07 PM
---------------------------

	From:  Sheila Glover                           04/11/2000 09:55 AM

To: Sally Beck/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT
Subject: AA Audit timeline

Sally,
Equity and Debt Trading should be:
 Gary Hickerson instead of Jeff Kinneman (Jeff is the Debt Trading piece only)
 Include Beth Perlman/Jonathan Le
 As noted, Sheila Glover instead of John Norden
Rate & Currency Trading (change name from FX/IR Trading
 Include Beth Perlman/Jonathan Le
 As noted, remove John Norden

thanks. sheila


Joe:

This e-mail will confirm the site visit by your company at Gleason and
Lincoln.  The relevant information is as follows:

Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
List of your team members and titles
For outside consultants, state their employer
Name, phone number (office and mobile) and e-mail address of your designated
deal team leader

Lastly, I will serve as the due diligence coordinator for Gleason and
Lincoln, handling all questions and responses.  Should you have any due
diligence questions or require copies of any oversized documents, please
contact me at 713.853.7998.


Chris:

Sorry I missed you  yesterday.  Can we talk after 3 pm Houston time today?
Just let me know.  Thanks.  Sara


Per your request,

Attached is the slide we reviewed with Danny today.  It shows the value of contract terminations for NNG for the contract year of 1101/03 to 11/01/04 to be $145 million. It also shows that the estimated market value is $95 million.  I think for planning purposes however, we would assume that we would contract for the full value of $145 million either through better pricing analytics, new business development projects and/ or Rate Case reallocation to captive customers.  The biggest risk would be the South end TFF of $12 million which we would have a hard time replacing at a $3 million level.

So, depending on your assumptions, 2003 and 2004 could be flat to 2002 margin of $439.1 million -   or, if you take into account  the TFF deterioration, it could be below by $8 to 10 million.  However, this deterioration will be offset by some of the new power plant projects  - in particular "Pleasant Hill"  which will bring an incremental $6 million in 2004.  I think you also have to assume that other business development projects will come in to help offset the downsides.

Sorry if I rambled a bit too much.  My view is that NNG will have margin targets for planning purposes flat with 2002.

Call me if you wish to discuss.


Happy New Year.

Vince Kaminski

P.S.  You can also use vkamins@enron.com

It used to be vkamins@enron.ect.com


what is your home address?


Hi Vince!

Yes, meeting for dinner Tuesday night is great!

I'll be coming in on Tuesday from D.C.  and I'll be taking the Train to New
York on Wednesday morning.

See you and Ken Tuesday at 5:30 at the Inn at Penn Lobby.

Hope you both have a great weekend!!

Thanks!

--Christie.
----- Forwarded by Christie Patrick/HOU/ECT on 02/16/2001 11:23 AM -----

	Vince J Kaminski
	02/16/2001 11:04 AM

		 To: Christie Patrick/HOU/ECT@ECT
		 cc: Kenneth Parkhill/NA/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT
		 Subject: Re: change-video to teleconferences-Enron

Christie,

Meeting at 5:30 is fine with me. The presentation is at  6:30.
I sent you a message regarding a dinner on Tuesday.
Can  you join me and Ken Parkhill?

Vince

From: Christie Patrick on 02/16/2001 10:19 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: change-video to teleconferences-Enron

Hi Vince!

Thanks for the information below!

I spoke with Tom Piazze today.  I'll be meeting with him at 3:30 on the 20th
to discuss the WeBI contract.  I'll also be meeting with Wharton's broadband
(technical people) before our meeting with the students.  Further, I hope to
meet with the people in charge of the Business Plan Competition.

Tom  suggested you might want to call Howard Kurnreuther (sp?) and possibly
stop in to see him while we are at Wharton.

I'll be getting to Wharton sometime Tuesday; I'll try to get a reservation at
the Inn at Penn.  I'll then be leaving early Wednesday morning by train to
New York.

Shall we meet in tha Lobby at the Inn at Penn before going to meet the
students (I think the meeting with the students is at 6pm-ish)--say, 5:30?
Please let me know!

Also, we still need to give Wharton an answer as to whether we're interested
in another $50,000 investment in eFellows.

Thanks Vince!

Have a great wekend!

--Christie.
----- Forwarded by Christie Patrick/HOU/ECT on 02/16/2001 10:13 AM -----

	Vince J Kaminski
	02/16/2001 10:06 AM

		 To: Christie Patrick/HOU/ECT@ECT
		 cc: Vince J Kaminski/HOU/ECT@ECT, Kenneth Parkhill/NA/Enron@ENRON
		 Subject: change-video to teleconferences-Enron

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/16/2001
10:06 AM ---------------------------

FAP <FAP@management.wharton.upenn.edu> on 02/16/2001 08:35:22 AM
To: Clay DeGiacinto <clayton.degiacinto.wg02@wharton.upenn.edu>, Deepa Mallik
<mallikd@wharton.upenn.edu>, dennis Feerick
<dennis.feerick.wg02@wharton.upenn.edu>, Heather Thorne
<hethorne@wharton.upenn.edu>, Jack Rejtman
<jack.rejtman.wg02@wharton.upenn.edu>, Jason Cummins
<Marc.Cummins.wg02@wharton.upenn.edu>, Kim Whitsel
<whitselk@wharton.upenn.edu>, Nicholas Levitt
<Nicholas.Levitt.wg02@wharton.upenn.edu>, Omar Bassel
<bassalo@wharton.upenn.edu>, Ram Vittal <mvittal@wharton.upenn.edu>, Steve
Lessar <Stephen.Lessar.wg02@wharton.upenn.edu>, Thomas
<Thomas@wharton.upenn.edu>, Tulika Bhalla <bhallat@wharton.upenn.edu>,
Vincent Chen <vincent.chen.wg02@wharton.upenn.edu>
cc: FAP <FAP@management.wharton.upenn.edu>, "'vkamins@enron.com'"
<vkamins@enron.com>, "'patterm@wharton.upenn.edu'"
<patterm@wharton.upenn.edu>
Subject: change-video to teleconferences-Enron

3/1     SHDH 215
3/22   SHDH 215
3/29   SHDH 215

Please note that the remaining videoconferences scheduled with Enron have
been changed to teleconferences due to the difficulties we have experienced.
The host has agreed and we will, therefore, continue with teleconferences in
the same locations/dates as noted above.

Any questions, please contact the FAP office.

Thanks,
Donna


Krishna,

No problem. Approved.

Vince

Pinnamaneni Krishnarao
12/11/2000 06:28 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Rollover of my vacation days to 2001

Vince:
 I would like to rollover my vacation days for 2000 remaining at the end of
this year to 2001. I could not use us all of my available vacation this year
because of the following reasons:

1. As you know, I have been supporting three business units (EES, EPG & Enron
India) this year. All these units had difficult and relatively long projects
that required experience in energy markets, derivatives pricing and business
knowledge that I had gained over the last few years at Enron.

2. There has been a significant change in the team members reporting to me. I
now have six people under me compared to only three at the begin of the year.
Of the current six members, five joined us only this year and most of them
didn't have any prior work experience, thus requiring a lot of my time in
recruiting, training and mentoring.

3. Given that I had to visit our Bombay office in January, 2000 for a
business trip (10 days) and will need to go there again in January, 2001, I
could not take leave from my work for the other two units (EES & EPG) for an
extended period of time.

So, in summary, this year has been a long and challenging one, and as a
result, I could not take vacation for more than a few days. I request you to
grant the rollover of my remaining vacation to next year.

Currently I have 136 hours of vacation available and , of these, I expect to
have 112 hours unused at the end of this year.

Thank you,
Krishna.


HERNANDEZ, JUAN R:

Attached below you will find the final Evaluation forms for your direct reports; these forms have been pre-populated with your employees' basic data. If you have already completed your employees' final Evaluations, you may disregard these forms.

When completing the Evaluation, carefully consider employee input, consolidated feedback and your observations of their performance and contribution, and encourage employee participation in the evaluation discussion. For many employees, this will be the only formal opportunity to discuss their performance with their supervisor.

Final Evaluations should be completed and returned to your HR representative by August 17 (July 31 for all those in Business Units reporting to Enron Europe) for employees in job groups below Vice President level.

If you have any questions, please contact your HR representative or the PEP help desk at x34777, option 4.

We recommend saving all the below attachment[s] at once in the following manner:
Outlook Users: Go to File -> Save Attachments, click OK if prompted, then choose which directory to save the documents under.
Lotus Notes Users: Go to Attachment -> Detach All, then choose which directory to save the documents under.

 - TREJO, MAURICIO V.doc


Here I am AGAIN!

Janet just called to say that she didn't get something for Elena that you
might want to get.  It is at Crate and Barrel, item #28129 - Cooking set
- $19.95.  There are little aluminum pans, wooden spoon, stainless whisk,
potholder & mitt and plastic measuring spoons.  It was on the list they
sent us, but since Janet had wanted to get it (before she changed her
mind and got make up and dress up stuff instead), I didn't put it on the
list I sent to you.

Love, Mother
________________________________________________________________
GET INTERNET ACCESS FROM JUNO!
Juno offers FREE or PREMIUM Internet access for less!
Join Juno today!  For your FREE software, visit:
http://dl.www.juno.com/get/tagj.


Here is a note that highlights that companies can and will take on big blocks
of customers at good rates (20% below the historic bundled rate).  New Power
looks like it will win or at least share in the 300,000 customers.

Something to think about in CA.

Jim

----- Forwarded by James D Steffes/NA/Enron on 11/06/2000 08:10 AM -----

	"PennFuture" <pennfuture@pennfuture.org>
	11/03/2000 03:48 PM
	Please respond to "PennFuture"

		 To: <Undisclosed-Recipient:@mailman.enron.com;>
		 cc:
		 Subject: PennFuture's E-cubed

PennFuture's E-cubed is a commentary biweekly email publication concerning
the current themes and trends in the energy market.

November 3, 2000
Vol. 2, No. 22

Pennsylvania's First Successful CDS Auction

An important new regulatory skirmish has broken out before the Pennsylvania
Public Utility Commission (PUC) over which company has won the right to
provide default generation service to 300,000 customers of PECO Energy, an
Exelon Company. This skirmish is actually good news for consumers and is the
fruit of the 1998 PECO Energy restructuring settlement agreement, a landmark
document that ended a ferocious regulatory war when all combatants signed it.

The &peace treaty8 includes a requirement that PECO Energy bid out default
service for 20% of its customers, and PECO has done so. Green Mountain Energy
Company is now challenging PECO Energy,s decision that New Power won the
auction to provide the settlement,s mandated default service.

Both Green Mountain and New Power are offering those 300,000 consumers small
rate reductions compared to customers receiving default service from PECO,
and more electricity generated from renewable energy resources. Specifically,
New Power and Green Mountain are offering generation service to Rate R
residential customers for approximately 5.54 cents per kilowatt-hour. That
offer is 3.11 cents per kilowatt-hour less than PECO Energy,s unbundled
generation and transmission rate of 8.65 cents per kilowatt-hour and 0.11
cents per kilowatt-hour less than the shopping credit of 5.65.

The consumer savings that these offers represent is masked or reduced by the
stranded cost payments that consumers must pay PECO Energy. Indeed, were it
not for stranded cost payments, the New Power and Green Mountain offers would
reduce total bills by about 3.11 cents per kilowatt-hour, or 20%.

The dispute between New Power and Green Mountain is noteworthy because it
proves that companies will compete vigorously to provide default service if
shopping credits and lengths of contracts are set at reasonable levels. It
also shows that renewable energy portfolio standards can be met economically.
Finally, the result of this case will switch more customers to competitive
suppliers in one day than the total number who switched in California over a
period of nearly three years.

When the PUC anoints New Power or Green Mountain as the winner, if all
299,300 consumers opt to stay with the CDS provider, the total number of
customers in Pennsylvania that will be served by a competitive supplier will
jump to more than 850,000. Of this total, 504,000 will be residential
customers of PECO, a number equal to 37% of the PECO residential class.

CDS Background: In Pennsylvania, there must always be a &default8 supplier or
&provider of last resort8 to assure that service is always available to all
customers. The incumbent utility is the default supplier, unless the PUC
decides otherwise. The default supplier must provide generation service to
customers who do not have a competitive supplier either because they chose
not to shop or did not find a willing supplier at an acceptable price. The
PECO Restructuring Case Settlement initially defined CDS service in paragraph
38:

&On January 1, 2001, 20% of all of PECO,s residential customers -- determined
by random selection, including low-income and inability-to-pay customers, and
without regard to whether such customers are obtaining generation service
from an EGS -- shall be assigned to a provider of last resort-default
supplier other than PECO that will be selected on the basis of a
Commission-approved energy and capacity market price bidding process. This
service shall be referred to as Competitive Default Service (&CDS8).8

The same approach was used in the other Settlements in the GPU, PPL and APS
restructuring cases. CDS reflects an effort to assure that there is at least
one other large competitor in each market. CDS also has a renewable portfolio
standard (RPS), even though there is no RPS for regulated utilities in
Pennsylvania. The winning bidder must supply:

&(2.0% of its offered energy supply for CDS service from renewable resources
of solar, wind, sustainable biomass (including landfill gas but excluding
incineration of Municipal Solid Waste), geothermal or ocean power. The
renewable energy increment shall increase by annual increments of 0.5%
thereafter.8

This increasing renewable requirement continues indefinitely, meaning that in
year four of the CDS there will be a 3.5% renewable requirement, 4% in year
five and so on. This is significant, as each extra percent of renewable
energy used to serve the 299,300 customer block prevents approximately 950
tons of NOx, 3200 tons of SO2, and 390,000 tons of CO2 from being emitted by
fossil fuel burning power plants.

PECO,s CDS RFP: Importantly, the PECO/Unicom merger case modified the CDS
bidding process as established by the 1998 settlement. Of particular note,
the revisions eliminated the &customer care8 functions from CDS, made the
contract three years long to help spread out return of start-up costs, and
instituted several rounds of selection in the event that prior efforts
yielded no successful CDS contract.

PECO issued its initial RFP for CDS on April 6, 2000, and Shell Energy
Services submitted the only bid. However, the PUC rejected the bid as
non-conforming and denied Shell,s Petition for Reconsideration of its
decision. Pursuant to the modifications in the merger settlement, PECO
entered into bilateral negotiations based on an August 24, 2000 RFP.

Three suppliers submitted conforming bids, and PECO selected New Power as the
winner on October 18, 2000. New Power is the new competitive supplier
actively marketing residential and small commercial customers in the PECO
service territory and is backed by Enron, AOL, and IBM.

PECO and New Power negotiated a complete contract that is before the PUC for
approval on November 9, 2000. Under the proposal, PECO and New Power expanded
the size of the CDS requirement to include 22% (299,300) of non-shopping
residential customers instead of 20% of all residential customers, whether
shopping or not. This change was designed to implement paragraph 39 of the
Restructuring Settlement, requiring adjustments to the numbers assigned to
CDS in order to have 35% of all PECO residential and commercial customers
obtaining competitive generation as of January 1, 2001. There also will be a
second round of assignment of non-shopping customers as of October 15, 2002
if New Power is providing CDS to fewer than 20% of all PECO residential
customers

New Power electricity will be 2% renewable in 2001, 2.5% renewable in 2002,
and 3% renewable in 2003 as required, but does not include a commitment to
exceed the requirements or provide cleaner power for the non-renewable
portion of the product.

The price for New Power,s CDS for Rate R customers would be 2.02% below the
shopping credit, while residential heating customers on Rate RH would pay
1.02% less than their shopping credit. For a Rate R customer, this would mean
that overall rates would fall .8% (as energy and transmission falls from 5.65
to 5.54); for Rate RH rates would fall .44%. Customers assigned to CDS may
still choose any competitive supplier, or opt out and retain default service
from PECO without penalty or charge. New Power will be able to offer its full
slate of energy and non-energy related products to these customers.

Green Mountain asserts that approval of the PECO/New Power contract is &not
in the public interest,8 arguing that PECO ignored Green Mountain,s offer
that included CDS pricing 2% below the shopping credit for all residential
customers, including those on residential heating or off-peak service. Like
the New Power proposal, the Green Mountain proposal would lower Rate R and RH
rates .8% and .44%, respectively. Green Mountain asserts that the New Power
rate cut for Rate R is only 1.83%, and not 2% and argues that its product is
better for the environment because the non-renewable portion of the product
would come from natural gas and hydro instead of system power generated
primarily from coal and nuclear fuels. If not declared the winning bidder,
Green Mountain proposes in the alternative that both they and New Power
receive CDS contracts.

In response, PECO states that all three bidders had the opportunity to submit
revised bids and that the Green Mountain revised bid was not submitted until
October 12, 2000, 13 days after the deadline and nine days after the
selection of New Power as the winning bidder.

The PUC will sort out the facts and arguments on November 9. Some think that
the PUC may very well split the 300,000 customer block between Green Mountain
and New Power.

Whatever the result, customers in the Philadelphia area should receive yet
another small price reduction, more renewable energy, and the opportunity for
a more competitive electricity market.

E-cubed is available for reprint in newspapers and other publications.
Authors are available for print or broadcast.

Support E-cubed by becoming a member of PennFuture * visit our secure online
membership page at www.pennfuture.org by clicking on &Support Our Work.8

PennFuture, with offices in Harrisburg, Philadelphia and Pittsburgh, is a
statewide public interest membership organization, which advances policies to
protect and improve the state,s environment and economy. PennFuture,s
activities include litigating cases before regulatory bodies and in local,
state and federal courts, advocating and advancing legislative action on a
state and federal level, public education and assisting citizens in public
advocacy.

We hope you found this informative and interesting. However, if you would
prefer not to receive future issues, please reply to this email and type
&unsubscribe8 in the subject line.


A new banking/rersearch weekly activity summary for eBusiness services
sector.

(See attached file: 12.8 Weekly Market Sector Update.doc)

Jeff L. Sadler
FAC/Equities
53 State Street, 29th Floor
Boston, MA 02109
617-228-3070

 - 12.8 Weekly Market Sector Update.doc


There is clearly an issue here - we have been asking for this for weeks now.

Mark please help resolve.

-----Original Message-----
From: Kaminski, Vince J
Sent: Wednesday, January 23, 2002 12:08 PM
To: Fallon, Jim; Kitchen, Louise
Cc: Webb, Jay
Subject: RE: Research Library

Please, keep in mind, that the members of the Research Group
who stayed behind to facilitate the transition will be leaving
for good, in a week. We have to accelerate the process.

Vince

-----Original Message-----
From: Fallon, Jim
Sent: Thursday, January 17, 2002 6:54 PM
To: Kitchen, Louise
Cc: Kaminski, Vince J; Webb, Jay
Subject: Re: Research Library

Does the state have copies of all programs?  Should systems manage the migration?  Muller was going to send vince the copy of the contract indicating the section to vince that required the turnover just to make sure we were doing the right thing - did that happen?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


[IMAGE]
 You  are subscribed to the RealBigWinners.com newsletter as: andrew.h.lewis@enron.com  If you wish to unsubscribe please click the link below:    Click Here to Unsubscribe

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This is going out to the complete distribution.  This report includes some March and April dates.  The report that I will send out this afternoon will only include the data for the close month of February.  If you have any questions you can contact me at 713-345-2984.

Thanks
Robin

 -----Original Message-----
From: 	Panzer, Robin
Sent:	Tuesday, March 05, 2002 3:46 PM
To:	Anderson, Gary E.; Stern, Ellis; Klimesh, Steve
Subject:	PGAS Chart Label Check In

Attached is the PGAS Chart Label Check In for 3/5/02.  If I need to be sending this to someone else please let me know.

Thanks
Robin


Lindy, your example is correct for settling operator imbalances.  If we have
a payable operator imbalance
and we settle volumetrically, then we get fuel and transport.  But, I thought
the "netting and trading" in Order 637
was on Shipper imbalances only.  I am not sure what we mean by "no additional
cost, etc" mentioned below.
I'll call you in the morning (Thursday) to discuss further,  since I am not
familiar with the PNM protest.  Thanks. Lynn

Lindy Donoho
12/06/2000 11:19 AM
To: Susan Scott/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, Lynn Blair/ET&S/Enron@ENRON

Subject: Re: TW

I think the example of when quantities may be subject to transportation and
fuel is when an Operator overpulls at a delivery point and then cashes out
the imbalance, TW could be out the transport and fuel.  For example,

  DP is SoCal/Needles: scheduled volume is 700,000/d
     actual volume delivered is 720,000/d
     imbalance is 20,000/d, SoCal owes TW
     TW collects transport & fuel on 700,000/d (bill on scheduled volume)
     SoCal cuts a check to TW for dollar value of 20,000/d
     TW doesn't collect transport & fuel on 20,000/d
  Payback in-kind doesn't have this problem:
     The 20,000/d transport gets scheduled at Needles, TW collects the
transport & fuel      (bill on scheduled volume), but we physically give
SoCal 20,000/d less on that day

Is this the correct example?  I'm copying Lynn Blair to verify.

Susan Scott
12/06/2000 09:20 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Maria Pavlou/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON

Subject: Re: TW

We did not answer protests to our Order 637 filing.

The gist of PNM's protest in RP00-626 is that we shouldn't be able to charge
a transport or fuel fee for our imbalance netting and trading service.  I
agree with PNM that our tariff language is vague in this regard.  What
exactly do we mean by "no additional cost...unless through the allocation
process, quantities may be subject to transportation and fuel"??   Can
someone help me with this?

Since we really did not want to make this compliance filing anyway, I would
say we probably wouldn't mind if FERC rejected our tariff sheet outright.
However, it's more likely that they will just instruct us to clarify our
language.  Or they could tell us to remove the "subject to transportation and
fuel" provision.  If we want to preserve our right to charge transport and
fuel, it might be worthwhile filing something in the way of an answer.
However, I am going to need some assistance in understanding what the
language means and why we think we can do it, so I can justify it to FERC.
Any comments you have in this regard would be appreicated.

	From:  Drew Fossum                           12/05/2000 05:18 PM

To: Maria Pavlou/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON

Subject: TW

Should we respond to PNM's protest of the dollar valuation of imbalances
prior to netting and trading?  Did we already respond to this issue when they
filed their protest of the 637 filing?  DF


- OpeningBrief.doc


Geynille,

Thanks for calling in list to me yesterday.  Sally is trying to juggle her
calendar in order that she will be able to attend presentation on Sept. 28.
Her plan at this point, is to attend dinner & presentation on 28th but not
dinner on the 27th.  Unfortunately, her schedule will not allow her to be out
on Thursday.  She was also wondering about details of dinner - said in the
last meeting it had been discussed to possibly do a western theme - with
jeans (?).  Is that still on?  If not, is dinner to be held at Stone Davis
Hall?  Can I get the address of Stone Davis & address, phone, & fax for
Wellesley Inn for Sally's itinerary.

Thanks,
Patti x39106

Geynille Dillingham
09/21/2000 12:34 PM
To: Cindy Olson/Corp/Enron@ENRON, Jean Mrha/NA/Enron@Enron, Mariella
Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sally Beck/HOU/ECT@ECT, Michelle
Cash/HOU/ECT@ECT, Christie Patrick/HOU/ECT@ECT, Carol Jean
Marshall/HOU/ECT@ECT, Elizabeth Shim/Corp/Enron@ENRON, Kelly H
Boots/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Stephanie Goldman/Enron
Communications@Enron Communications, Grace Kim/NA/Enron@Enron, Richard
Schneider/Enron Communications@Enron Communications, bryan_garret@enron.com,
Kim Wilkie/ET&S/Enron@ENRON
cc: Bobbie Power/Corp/Enron@ENRON, Melissa Jones/NA/Enron@ENRON, Patti
Thompson/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Mary Border/Corp/Enron@Enron,
Laura Schwartz/Corp/Enron@Enron, Zulie Flores/Corp/Enron@ENRON
Subject: Wellesley Information

Please review the following attachments for details regarding the
Presentation.  I have attached the Itinerary, along with details regarding
the event.  We have changed the interview dates again.  The next possible
dates to have the interviews are November 28th and 29th.  Anything after that
would have been the last week of the semester in December or  in February.  I
have attached the strategy also for your review.

Please don't hesitate to call me with questions.  I will be on the road and
can be reached via my cell phone.
The number is 713-417-2236.

Thanks, Geynille


Call me on Saturday 713-661-6096


La. came out of this unscathed ;)

-----Original Message-----
From: Perry, Todd
Sent: Tuesday, October 16, 2001 4:25 PM
To: Oh, Jeffrey; Bruce, James; Symes, Kate; Swain, Steve; Stokley,
Chris; Mumm, Chris; Oh, John
Subject: FW: State Mottos

Alabama
     At least we're not Mississippi
Alaska
     11,623 Eskimos can't be wrong
Arizona
     But it's a dry heat
Arkansas
     Litterasy ain't everthing
California
     As seen on TV
Colorado
     If you don't ski, don't bother
Connecticut
     Like Massachusetts, only dirtier and with less character
Deleware
     We really do like the chemicals in our water
Florida
     Ask us about our grandkids
     Welcome to God's waiting room
Georgia
     We put the "fun" in Fundamentalist Extremism
Hawaii
     Haka tiki mou sha'ami leeki toru (Death to mainland scum but
leave your money)
Idaho
     More than just potatoes.....Well okay, we're not, but the potatoes
sure are real good
Illinois
     Please don't pronounce the "s"
Indiana
     2 billion years tidal wave free
Iowa
     We do amazing things with corn
     Home of James Tiberius Kirk
Kansas
     First of the rectangle states
Kentucky
     Five million people; fifteen last names
Maine
     We're really cold, but we have cheap lobster
Maryland
     A thinking man's Delaware
Massachusetts
     Our taxes are lower than Sweden's (For most tax brackets)
Michigan
     First line of defense from Canadians
Minnesota
     10,000 lakes and 10,000,000 mosquitos
     Our Governor can beat up your Governor
Mississippi
     Come feel better about your own state
Missouri
     Your federal flood relief tax dollars at work
Montana
     Land of the big sky, the Unabomber, right-wing crazies, and very
little else
Nebraska
     Ask about our state motto contest
Nevada
     Whores and poker
New Hampshire
     Go away and leave us alone
New Jersey
     Ya wanna ##$%##! motto? I got yer ##$%##! motto right here!
New Mexico
     Lizards make excellent pets
New York
     You have the right to remain silent, you have the right to an
attorney....
North Carolina
     Tobacco is a vegetable
North Dakota
     We really are one of the 50 states!
Ohio
     We wish we were in Michigan
Oklahoma
     Like the play, only no singing
Oregon
     Spotted Owl...It's what's for dinner
Pennsylvania
     Cook with coal
Rhode Island
     We're not REALLY an island
South Carolina
     Remember the Civil War? We didn't actually surrender
South Dakota
     Closer than North Dakota
Tennesse
     The educashum state
Texas
     S? hablo Ing'les (Yes, I speak English)
Utah
     Our Jesus is better than your Jesus
Vermont
     Yep
Virginia
     Who says government stiffs and slackjaw yokels don't mix?
Washington
     Help! We're overrun by nerds and slackers
Washington DC
     Wanna be Mayor?
West Virginia
     One big happy family - really!
Wisconsin
     Eat cheese or die
     Come cut our cheese
Wyoming
     Wynot?

Best regards,

Keven Malkewitz

  e-mail:   keven_malkewitz@ncsu.edu

  Phone:   (919) 515-6953

Address:   Keven Malkewitz
                North Carolina State University
                College of Management/Department of Business Management
                Campus Box 7229
                Raleigh, North Carolina 27695-7229


Jeff and Andy,

I wanted to make you both aware of a component of Enron Principal Investments' proposed strategy, prior to presenting to you next week.

We are proposing to raise a traditional private equity fund to provide the capital for EPI's investing efforts.  I have been researching the pros and cons of a fund (including talking with Bill Brown, Michael Kopper and others who have worked on these at Enron in the past).  In this case, I believe the positives sufficiently outweigh the negatives.  Of course, if EPI pursues this fund, it would be done in-conjunction with the finance group.

Here are my assumptions:

Fund Structure*
Total Fund Size				$500 million
Enron's Commitment			$125 million
Institutional Investors			$375 million
Enron's Management fees		1.5% - 2.0%
Enron Carried Interest			20%-25%
LP Preferred Return			6%-8%
Investment Period			3-4 years
Fund Life				8-10 years
* This would be structured as a traditional private equity fund structured using normal market terms.

Negatives
Reduced flexibility
Manage for IRR not earnings
Exclusivity issues

Positives
Reduces Enron's ongoing capital requirements
Greater capital availability to EPI
Secure a dedicated funding source
Generate a leveraged return for Enron and annual management fees
Allow for retention of key personnel over the long term

We can discuss this at length in our presentation, but I wanted to give you advanced notice.

Thanks,

Kevin Garland


We had a group meeting this morning.  Pretty interesting!

 -----Original Message-----
From: 	Giannone, Adam
Sent:	Monday, November 19, 2001 11:33 AM
To:	Taylor, Michael E
Subject:	RE: where are u?

i am in Charleston WV until Thanksgiving.  Then I am going to NY.  Please tell the soccer crew that I can not make it tomarrow.

thanks
AG

 -----Original Message-----
From: 	Taylor, Michael E
Sent:	Monday, November 19, 2001 11:39 AM
To:	Giannone, Adam
Subject:	where are u?

Adam,

Are you in today or this week?

Mike


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Pat,
   Thanks.  I appreciate the input. Let me know if anything pertaining to the specific routing of the line begins to bubble up.

Dan

 -----Original Message-----
From: 	Shortridge, Pat
Sent:	Wednesday, October 03, 2001 7:15 AM
To:	McCarty, Danny
Subject:	Alaska pipeline hearing

Danny -

Yesterday Senator Bingaman held a hearing in the Senate Energy Committee on the Alaska Natural Gas Pipeline.  The main items to come out of it were, (1) willingness of Bingaman and the committee to speed regulatory approval and (2) willingness to provide financial incentives for companies developing the pipeline.  They discussed routes but that's all they did.

I have press accounts and a copy of Pat Wood's testimony from yesterday if any of that is of interest to you.

Let me know if you need anything else.

Best,

Pat Shortridge


Hi Scott,

Here's a revised draft for your review and comment.  I've taken out the
balance of plant warranty because you raised a valid point about them knowing
what BOP entails.  So now it is just a warranty. I've also been more explicit
about our fee.

I think there's a bit of confusion embedded in the document because of the
uncertainty about who is doing what, but I haven't come up with a simple fix
yet.


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/12/2001 07:17 PM -----

	Caroline Abramo@ENRON
	03/12/2001 07:55 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RE: POA

can you call me this AM?  thanks
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 03/12/2001
08:54 AM ---------------------------

Joe_Lardy@cargill.com on 02/28/2001 11:51:16 AM
To: Caroline.Abramo@enron.com
cc:

Subject: RE: POA

What timing, I was just addressing the email to you.  The POA is
attached

-----Original Message-----
From: Caroline.Abramo@enron.com [mailto:Caroline.Abramo@enron.com]
Sent: Wednesday, February 28, 2001 11:47 AM
To: lardy, joe /xtwn
Subject: POA

Joe- whenever you can send.. I'll get my legal going on it...

Thanks and Regards,
Caroline

 - enron.doc


What is the dial-in info for today's call?


Rebecca:

These meetings that were set up with Pawar in Delhi were supposed to be
attended by Wade but but he was unable to attend them due to the fact that he
fell sick. No agreements have been reached because there are none that are
contemplated. All we have done is to encourage the GOM to approach the GOI
for reducing their own liabilities. The details you will find in the other
memo I have already sent to you. (I picked up your email after I finished
sending my emails).  The approach as u will notice is no different than what
we have been following all along and I believe that  you know that already.
If u want further clarification, I am happy to discuss this with you or if u
want to follow a different strategy then please let me know. I am at the
Delhi Oberoi at  91-11-4363030, room 716.

Ken had expressed to me last week that you desired to take charge immediately
and start moving the resolution of the Dabhol issues forward. I agree that
this will be the best way forward. Given the way things are moving, I think
that it would be best  that you arrive in Delhi immediately over the weekend
so that I can introduce you to the players on Monday and start transitioning
the relationships to you and Wade. Wade will join the team in delhi as soon
as he is able to travel. Tuesday onwards I have urgent commitments in Mumbai
that require my presence there.

As you can appreciate, your presence in these meetings will be essential for
you to start getting a feel for the situation on the ground and developing
the rapport with the key players. The GOM is clearly driving the train and if
we are to assist them its essential that we not slow them down and assist
them in any way we can.

regards,

Sanjay

Rebecca McDonald
11/30/2000 01:13 PM
To: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob
Walls/NA/Enron@Enron, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Skilling@ENRON, Kenneth Lay@ENRON
Subject: Meetings with Sharad Pawar

Sanjay,

Through several forwardings of memos it has come to my attention that you had
several meetings this week with Sharad Pawar and reached some agreements.  I
understand that a conference call to generate a strategy regarding our
approach to Mr Pawar was cancelled and no one is able to explain to me what
approach  you took or what the nature is of any agreements or accomodations
that you may have struck in these meetings.  I think it is important that I
and the rest of the task force be involved in the setting of strategy even if
we will call on you to conduct any of the discussions and it is clear that it
is cooperation and coordination is paramount.

Please call or write immediately with a briefing of those meetings and of any
agreements that were agreed to.  In the future, I would appreciate better
coordination and discussions on all matter related to Dabhol and to Metgas.
I am available by phone day or night.

Regards
Rebecca


---------------------- Forwarded by Randall L Gay/HOU/ECT on 09/22/2000 12:23
PM ---------------------------

	Enron North America Corp.

	From:  Kenneth Shulklapper                           09/21/2000 10:20 AM

To: Randall L Gay/HOU/ECT@ECT
cc:
Subject: Etiquette - rerun

---------------------- Forwarded by Kenneth Shulklapper/HOU/ECT on 09/21/2000
09:46 AM ---------------------------
To: Jay Reitmeyer/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT
cc:
Subject: Etiquette - rerun

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 09/21/2000
10:16 AM ---------------------------

"Marcantel MM (Mitch)" <MMMarcantel@equiva.com> on 09/21/2000 06:47:47 AM
To: "'Matthew.Lenhart@enron.com'" <Matthew.Lenhart@enron.com>,
"'Chad.Landry@enron.com'" <Chad.Landry@enron.com>
cc:

Subject: Etiquette - rerun

NIce Man! Especially #10

Blowjob Etiquette For Men, From Women:

> >  1. First and foremost, we are not obligated to do it.
> >
> >   2. Extension to rule #1 - So if you get one, be grateful.
> >
> >   3. I don't care WHAT they did in the porn video you
> >   saw, it is not standard practice to cum on someone's
> >   face.
> >
> >   4. Extension to rule #3 - No, I DON'T have to swallow.
> >
> >   5. My ears are NOT handles.
> >
> >   6. Extension to rule #5 - do not push on the top of
> >   my head. Last I heard, deep throat had been done. And
> >   additionally, do you really WANT puke on your dick?
> >
> >   7. I don't care HOW relaxed you get, it is NEVER OK
> >   to fart.
> >
> >   8. Having my period does not mean that it's "hummer
> >   week" - get it through your head - I'm bloated and I
> >   feel like shit so no, I don't feel particularly obligated
> >   to blow you just because YOU can't have sex right now.
> >
> >   9. Extension to #8 - "Blue Balls" might have worked
> >   on high school girls - if you're that desperate, go
> >   jerk off and leave me alone with my Midol.
> >
> >   10. If I have to pause to remove a pubic hair from my
> >   teeth, don't tell me I've just "wrecked it" for you.
> >
> >   11. Leaving me in bed while you go play video games
> >   immediately afterwards is highly inadvisable if you
> >   would like my behavior to be repeated in the future.
> >
> >   12. If you like how we do it, it's probably best not
> >   to speculate about the origins of our talent. Just enjoy
> >   the moment and be happy that we're good at it. See also
> >   rule #2 about gratitude.
> >
> >   13. No, it doesn't particularly taste good. And I don't
> >   care about the protein content.
> >
> >   14. No, I will NOT do it while you watch TV.
> >
> >   15. When you hear your friends complain about how they
> >   don't get blowjobs often enough, keep your mouth shut.
> >   It is inappropriate to either sympathize or brag.


Re:  Commoditity Futures Trading Commission: Proposed Rulemaking for a
New Regulatory Framework for Multilateral Transaction Execution Facilities,
Intermediaries and Clearing Organizations

                     Attached is a memorandum from Sullivan & Cromwell
concerning the above subject. A summary is also included at the end
of the text of this e-mail message.

                    The attached file is in Adobe Acrobat
format.  We believe most PCs will already have an Acrobat viewer
loaded; we can provide free copies if Acrobat is not already loaded,
and free copies can also be downloaded from the Adobe Acrobat web
site at www.adobe.com.  To view or print the memo use your e-mail
system's function for opening attachments in their native format.
Hard copies can be obtained from Ivy Moreno at S&C in New York,
telephone 212-558-3448, e-mail: Morenoi@sullcrom.com.

SUMMARY

                    On June 8, 2000, the Commodity Futures Trading Commission
("CFTC")
approved four releases setting out proposed rules for regulatory reform (the
"Proposed Rules").
The Proposed Rules represent a major change in the CFTC's approach to the
markets and
market participants.  They are designed to promote legal certainty and to
move the CFTC away
from direct regulation and toward a more general oversight role.  The
Proposed Rules, which
seek to codify the CFTC Staff Report entitled A New Regulatory Framework
dated February
2000 and also reflect the CFTC's recognition of the increasing convergence of
the exchange
and over-the-counter markets, as well as the growth of electronic trading,
and of the need for
a new regulatory scheme to address these developments.  The release includes
proposals for:

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

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

 - CMS10761.pdf


---------------------- Forwarded by Darron C Giron/HOU/ECT on 08/22/2000
09:18 AM ---------------------------

Dawn C Kenne
07/28/2000 01:14 PM
To: Pam B Boxx/HOU/ECT@ECT, Michelle Bythewood <rbwood@ix.netcom.com>,
"Bythewood, Richard" <rbythewood@txi.com>, Linda J Ewing/HOU/ECT@ECT,
ExeterWest@aol.com, maxnbev@wesnet.com (Max Fledderjohann), mafrit@cvtv.net
(Marie Fritsche), Darron C Giron/HOU/ECT@ECT, "Jinnette, Reed"
<Reed.Jinnette@compaq.com>, "Keeling, Ingelisa" <ikeeling@velaw.com>, Bryon
Kenne <bryon@cai-info.com>, plmichaud <plmichaud@pdq.net>, "Rivera, Susan J"
<RiveraSJ@aetna.com> @ ENRON, "Mark Troyer" <mtroyer@computron.net>, "Ray
Vincent" <raylvincent@hotmail.com> @ ENRON, Eric Wardle/HOU/ECT@ECT, Gary
Wilson <gxwilson@us.oracle.com>, "Tracey Wilson"
<twilson@officefurnishings.com> @ ENRON, Ed Zajicek <e.zajicek@pentasafe.com>
cc:
Subject: FW: Do you remember.........

---------------------- Forwarded by Dawn C Kenne/HOU/ECT on 07/28/2000 01:13
PM ---------------------------

"PATTI DESMARAIS" <pmdesmar@earthlink.net> on 07/28/2000 10:11:10 AM
Please respond to pmdesmar@earthlink.net
To: "ANN MCMILLAN" <amcmillan@fscu.org>, "DAWN" <Dawn.c.kenne@enron.com>,
"HLStein" <HLStein@compuserve.com>, "JULIE" <ASKJMK@AOL.COM>, "KAY"
<garywgarrett@email.msn.com>, "POOLE Mike" <Mike.Poole@FINA.com>, "STEVEN
&BECKY" <bnorris2@prodigy.net>, "TERRI" <Conway321@AOL.COM>, "TRACEY"
<TRACEY.STINNETT@FINA.com>
cc:

Subject: FW: Do you remember.........

> [Original Message]
> From: SMITH, MARIE-FRANCE A. (JSC-OC) <marie-france.a.smith1@jsc.nasa.gov>
> To: pmdesmar@earthlink.net <pmdesmar@earthlink.net>
> Date: 7/28/00 10:49:32 AM
> Subject: FW: Do you remember.........
>
> Have a great weekened!!!
>
>
> -----Original Message-----
> From: TETLEY, SANDRA J. (JSC-BJ)
> Sent: Friday, July 28, 2000 9:32 AM
> To: ROLLINS, GAIL A. (JSC-CB); ROLLINS, WILLIAM A. (BILL) (JSC-XA); SMITH,
> MARIE-FRANCE A. (JSC-OC)
> Subject: FW: Do you remember.........
>
>
> Subject: Do you remember.........
>
>
>
> Subject. . . . . What a difference 30 years makes
>
>
> 1970: Long Hair
>
> 2000: Longing for hair
>
>
> 1970: The perfect high
>
> 2000: The perfect high yield mutual fund
>
>
> 1970: Keg
>
> 2000: EKG
>
>
> 1970: Acid Rock
>
> 2000: Acid Reflux
>
>
> 1970: Moving to California because it's cool
>
> 2000: Moving to California because it's warm
>
>
> 1970: Growing pot
>
> 2000: Growing pot belly
>
>
> 1970: Watching John Glenn's historic flight with your parents
>
> 2000: Watching John Glenn's historic flight with your children
>
>
> 1970: Trying to look like Marlon Brando or Elizabeth Taylor
>
> 2000: Trying NOT to look like Marlon Brando or Elizabeth Taylor
>
>
> 1970: Seeds and stems
>
> 2000: Roughage
>
>
> 1970: Popping pills, smoking joints
>
> 2000: Popping joints
>
>
> 1970: Our president's struggle with Fidel
>
> 2000: Our president's struggle with fidelity
>
>
> 1970: Paar
>
> 2000: AARP
>
>
> 1970: Killer weed
>
> 2000: Weed killer
>
>
> 1970: Hoping for a BMW
>
> 2000: Hoping for a BM
>
>
> 1970: The Grateful Dead
>
> 2000: Dr. Kevorkian
>
>
> 1970: Getting out to a new, hip joint
>
> 2000: Getting a new hip joint
>
>
> 1970: Rolling Stones
>
> 2000: Kidney stones
>
>
> 1970: Being called into the principal's office
>
> 2000: Calling the principal's office
>
>
> 1970: Screw the system!
>
> 2000: Upgrade the system
>
>
> 1970: Peace sign
>
> 2000: Mercedes logo
>
>
> 1970: Parents begging you to get your hair cut
>
> 2000: Children begging you to get their heads shaved
>
>


Mark--As we discussed this morning, I am attaching a legal risk memo for the
Fountain Valley Power development.  This memo addresses changes in legal
risks which have occurred since the Nov. 1 DASh on initial project costs,
including an amendment to the PPA which we just finalized half an hour ago.
Please call if you have questions.


In order to deal with the online trading program as well as other issues that
repeatedly arise, we need to make some modifications to our Master Swap
Agreement Database.

Foremost, we would like to open the Master Swap Agreement Database to any
ECT, ECT Canada or ECT International employee that would like access to the
information.  This would include employees in the London, Oslo, Singapore,
Portland  and Buenos Aires offices.  The only information we need to continue
to restrict is the Legal and Credit comment section (attorney-client
privilege issues).  Access to this information would continue to be limited
to Legal and Credit  In addition, it also very critical that only Legal and
Credit have access to the Portland General masters.

Second, we will need to add some drop downs to deal with online trading
issues.  Online trading will commence by the end of the month and we need to
have this information and access available by that time.

In addition, we have remaining "kinks" in the database we need to resolve.

Can you let me know when you would be available to meet to discuss the
changes.  Thanks for your help!


Thanks.

Vince

Stinson Gibner
04/16/2001 04:47 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: recommendation of an outstanding Baylor MBA student for summer
internship

I have talked twice to Althea.  Once last week and once after your email this
morning.  She has told me both times that she would arrange with Shirley to
put Rusty on your schedule and on mine.

--Stinson

Vince J Kaminski
04/16/2001 04:19 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Re: recommendation of an outstanding Baylor MBA student for summer
internship

Stinson,

A reminder.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/16/2001
04:19 PM ---------------------------

Vince J Kaminski
03/31/2001 10:17 AM
To: Jim Garven <James_Garven@baylor.edu> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT
Subject: Re: recommendation of an outstanding Baylor MBA student for summer
internship

Jim,

I shall contact Althea and make sure Rusty meets with the Research Group
members.

Vince

Jim Garven <James_Garven@baylor.edu> on 03/28/2001 01:01:42 PM
To: Stinson_Gibner@enron.com
cc: vince_j_kaminski@enron.com
Subject: recommendation of an outstanding Baylor MBA student for summer
internship

Dear Stinson,

I would like to call your attention to Rusty Parks, who is an MBA student
here and has been serving as my research assistant since last fall.? Rusty is
a very outstanding individual with a very impressive work ethic and interest
in topics such as financial engineering and technology, particularly as these
issues pertain to the energy industry.?? In fact, you met Rusty during your
recent visit to Baylor (specifically, last month over dinner at the Gamma
Iota Sigma chartering  ceremony).

I happen to know that Rusty is already scheduled to visit Enron for an
interview for a summer internship on April 19.? He has been invited by Althea
Gordon.? If there is any possibility that you could meet with him during his
visit, I am sure that he would be most grateful.?  Rusty is one of the very
best research assistants I have ever had, and I am sure that Enron would
benefit from having him aboard during the coming summer.

Sincerely,

Jim Garven

P.S.: Please find Rusty's resume attached to this email.

_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798

Voice: (254) 710-6207
Fax: (603) 994-6680

E-mail: James_Garven@baylor.edu
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________
 - Rusty Parks Resume.doc


plz see email re: talking points. jeff


Attached is a white paper prepared for the Timeline Ad Hoc Team by Lisa Grow
proposing the use of Pacific Prevailing Time in the proposed A3A1 WSCC E-Tag
timetable.  As Mark says, print it out and bring it with you.  See you in
Rancho Cordova.

 <<PPTproposal.doc>>

Robert Harshbarger
Puget Sound Energy
OASIS Trading Manager
425.882.4643 (desk)
206.604.3251 (cell)

> ----------
> From: 	Hackney, Mark W(Z39911)[SMTP:Mark.Hackney@aps.com]
> Sent: 	Thursday, July 12, 2001 9:47 AM
> To: 	Interchange Scheduling & Accounting Subcommittee (ISAS)
> Subject: 	July Agenda and Documents
>
> <<File: Agenda for ISAS July Meeting.doc>><<File: tie
> points-JOU's-MASTER_POR_POD_meeting final.xls>><<File:
> MarkHackneyOCHandbookRequest.doc>><<Message: Ad Hoc Timeline Review Team>>
> Attached is an Agenda (rough), the POR/POD/JOU/Tie Matrix Spreadsheet, the
> OC Handbook practices and procedures (labeled MarkHackneyOCHandbook...),
> another copy of the Bob Harshbarger note.  Please print and bring with
> you!
>
>  <<Agenda for ISAS July Meeting.doc>>  <<tie
> points-JOU's-MASTER_POR_POD_meeting final.xls>>
> <<MarkHackneyOCHandbookRequest.doc>>  <<Ad Hoc Timeline Review Team>>
>
> Mark W. Hackney
> Section Leader
> Pre and Real-time Transmission Scheduling
> APS OATT Administration
> Arizona Public Service Company
> 602.250.1128 - Office
> 602.908.1423 - Cell
> 602.250.1155 - Fax
> mailto:Mark.Hackney@aps.com
>
>


Group,

A quick important reminder. Recently our disputes with EPE and other SW counterparties have been growing. While I recognize that we have some newer members in the group, it is the responsibility of the senior members of the group to train and help the newer members to avoid mistakes. The EPE system is not overly complex. If you have questions during a shift call ME first. Do not wake up Roger, do not go inadvertant. Our notes on the deal sheet need to include whether the power is firm or econ (again--you should almost never buy econ--). The EPE lending fee was recently renegotiated down to $2. We have to be sharp in our marketing of their system to maintain our ability to lend and to lend at $2. Disputes with counterparties will quickly erase this opportunity. Marketing for EPE, making appropriate choices with regards to the units, checking out with dispatchers on time, and reconciling the CARP are basic expectations for this position and MUST be met. If you have questions, please see me. We will discuss EPE and EOL in our meeting at the start of September.

Thanks,
Bill


Mike,

Thanks.

Vince

-----Original Message-----
From: Terraso, Michael
Sent: Tuesday, August 28, 2001 3:50 PM
To: McVicker, Maureen; Kaminski, Vince J
Subject: RE: Speaking engagement at Wharton

Vince and Maureen, I will contact Amy and offer to speak to the group on November 12.  Mike

-----Original Message-----
From: McVicker, Maureen
Sent: Tuesday, August 28, 2001 2:13 PM
To: Kaminski, Vince J; Terraso, Michael
Subject: FW: Speaking engagement at Wharton

Mike & Vince:

This woman called Steve's office yesterday asking about his participation.  I told her that it would probably be someone other than Steve.  She went ahead and sent me the questions/topic for the speaker and asked me to help coordinate with her.

Please keep me in the loop regarding who you decide to send (just in case she calls me back).  I ask that the person you pick, call Amy directly and coordinate with her.

Thanks.

-----Original Message-----
From: Richard, Amy [mailto:amyricha@wharton.upenn.edu]
Sent: Monday, August 27, 2001 4:07 PM
To: McVicker, Maureen
Subject: Speaking engagement at Wharton

Dear Ms. McVicker,

Thank you for your help in arranging a speaker from your group to come to Wharton. There is a lot of excitement here currently about the energy industry, and we have a very active Energy group that arranges engagements and discussions.

The proposed topic is Global Warming Policy and the Energy Industry, though we are open to any suggestions of the speaker. Questions include:
   ---How will the Bonn agreement affect global strategy? What will be the near-term and long-term consequences of the agreement?
   ---How does US non-participation affect US market strategies versus strategies in participating countries?
   ---What is Enron's current position on global greenhouse gas policy? How is Enron managing and hedging this position?
   ---How will developing country energy markets participate in greenhouse gas mitigation?

   The Energy Club Speaker Series takes place every other Monday at
4:30 PM. Dates open are September 24, Oct 1, Nov 5, Nov 12. A presentation is followed by Q&A and then a suggested dinner and cocktails with Prof. Paul Kleindorfer and a few students.

Thank you again for your help. I look forward to hearing back from you or someone in your group.

Sincerely,

Amy Richard

MBA Candidate and Research Assistant (working with Paul Kleindorfer on the Wharton/Enron Risk Management project via Vince Kiminski)
The Wharton School, University of Pennsylvania


Please handle this.  Call me with any questions.
---------------------- Forwarded by Mary Hain/HOU/ECT on 01/08/2001 02:21 PM
---------------------------

Alan Comnes
12/29/2000 06:58 AM
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: CAISO Notice: Additional Public Record Act request for informatio n
provided by the ISO to the CPUC

Mary,

Any direction you can provide on how to handle would be appreciated.  I think
any response is due 1/10.

GAC
---------------------- Forwarded by Alan Comnes/PDX/ECT on 12/29/2000 06:58
AM ---------------------------

Susan J Mara@ENRON
12/28/2000 12:25 PM
To: Sarah Novosel/Corp/Enron@ENRON, Richard B Sanders/HOU/ECT@ECT, Alan
Comnes/PDX/ECT@ECT, mday@gmssr.com, gfergus@brobeck.com
cc:

Subject: CAISO Notice: Additional Public Record Act request for informatio n
provided by the ISO to the CPUC

Here is another one.  Pklant to send any letters re this one -- mary hain had
done so in the past, I believe.
----- Forwarded by Susan J Mara/NA/Enron on 12/28/2000 12:22 PM -----

	"Fuller, Don" <DFuller@caiso.com>
	Sent by: "Happ, Susan" <SHapp@caiso.com>
	12/27/2000 04:53 PM
	Please respond to "Sole, Jeanne"

		 To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
		 cc:
		 Subject: CAISO Notice: Additional Public Record Act request for informatio n
provided by the ISO to the CPUC

Market Participants and Scheduling Coordinators:

On December 19 the CPUC received a second Public Record Act request for
information provided by the ISO to the CPUC which may include information
subject to ISO tariff section 20.3.  This request was forwarded to the ISO
today by the CPUC.  Attached please find the Public Record Act request and
the letter from the CPUC providing that any comments from the ISO regarding
the request must be submitted to the CPUC by no later than January 10, 2001.
Market Participants wishing to provide comments to the CPUC on the request
should submit such comments directly to the CPUC in accordance with the
instructions in the attached December 27 letter from the CPUC.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges.  Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.


---------------------- Forwarded by Scott Neal/HOU/ECT on 11/12/2000 05:23 PM
---------------------------
From: Robin Barbe on 10/24/2000 04:48 PM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Re: 2000 top target customers

bay state
baltimore gas & electric
commonwealth gas & electric
con ed
distrigas
florida power inc./emt
key span
national fuel
pp&l
ugi


<<CinergyHourlyTable102201.xls>>

Lisa Lawson
Markets Editor
Platts - Megawatt Daily
713 939-5802
llawson@ftenergy.com

 - CinergyHourlyTable102201.xls


FYI.  Wasn't sure if I had sent this to you.,  Thanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 05/31/2001 07:39 PM ---------------------------

Lynn Blair
05/17/2001 01:54 PM
To:	Karen Clapper/FGT/Enron@ENRON, Jack Howard/FGT/Enron@ENRON, Laura Giambrone/FGT/Enron@ENRON, Lynda Laferla/FGT/Enron@ENRON, Marion Collins/FGT/Enron@ENRON, Mary Phillips/FGT/Enron@ENRON, Galen Coon/FGT/Enron@ENRON, William Aldinger/FGT/Enron@ENRON, Tim Cooper/FGT/Enron@ENRON, James Cramer/FGT/Enron@ENRON, Lynn Blair/ET&S/Enron@ENRON
cc:	Lynn Blair/ET&S/Enron@ENRON, Maggie Schroeder/FGT/Enron, Teb Lokey/FGT/Enron, Robert Hayes/FGT/Enron@ENRON, Shelley Corman/ET&S/Enron, Rick Dietz/ET&S/Enron@ENRON, Hilda Lindley/FGT/Enron@ENRON, James Saunders/FGT/Enron, Robert Hayes/FGT/Enron@ENRON

Subject:	June billing for May Production

Due to the manual billing required with Phase IV, we will delay the billing process
by one day.  We will mail out May Reservation invoices on June 1 instead of
May 31, 2001.

The team will track the time it takes to accomplish billing for May.  After that time we
will deterime how June production will be billed.

If you have any questions, please let Hilda or I know.  Thanks. Lynn


Not a word.

From: Suzanne Adams@ECT on 05/24/2001 04:25 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Matching gift

Did you ever hear about this matter?

	Kay Mann@ENRON
	05/22/2001 01:55 PM

		 To: community-relations@enron.com
		 cc: (bcc: Suzanne Adams/HOU/ECT)
		 Subject: Matching gift

Hello.

I gave the Matagorda County Fair & Livestock Association $2050, and filled
out the form for the match.  Please advise if this has been paid, as they are
sending me a bill for the $2050, plus a finance charge.

Thank you,

Kay Mann
x57566


---------------------- Forwarded by Chris Germany/HOU/ECT on 01/22/2000 02:32
PM ---------------------------

Brenda H Fletcher
01/21/2000 12:07 PM
To: Sherry Anastas/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT
Subject: Cove Point - Prepay

The following Deal #'s have been created  with Demand fees for the 3 Cove
Point contracts:

Deal #   Contract #
153770   96032397
153775   96032399
153786   96032402

Let me know if there are in problems.
BF


Revised UAE Model
Ben


-----Original Message-----
From:  "Halligan, Julie" <jmh@cpuc.ca.gov>@ENRON
[mailto:IMCEANOTES-+22Halligan+2C+20Julie+22+20+3Cjmh+40cpuc+2Eca+2Egov+3E+40E
NRON@ENRON.com]
Sent: Friday, May 18, 2001 5:01 PM
To: Fawcett, Jeffery
Subject: RE: Full Panel Hearing I99-07-003

Thank you for the notice, I will circulate an agenda on Monday, May 21st.
-----Original Message-----
[Fawcett, Jeffery]
From: Fawcett, Jeffery [mailto:Jeffery.Fawcett@enron.com]
Sent: Thursday, May 17, 2001 1:58 PM
To: jmh@cpuc.ca.gov
Cc: Dasovich, Jeff; Hass, Glen; Harris, Steven; mbaldwin@igservice.com
Subject: Full Panel Hearing I99-07-003
Ms. Halligan,
Mr. Mark Baldwin with Interstate Gas Services will be representing
Transwestern Pipeline Company during Tuesday's hearing.  Transwestern is
a party of record in this proceeding.  Mr. Baldwin is Transwestern's
California consultant, and is well versed in state regulatory matters
and, in particular, this docket.  On behalf of Transwestern, Mr. Baldwin
will address the following issues:
1. The PD in light of recent events in both the natural gas and
electricity markets in California.
2  A comparison of certain features of the PD and the alternative
settlement (Comprehensive Settlement) supported by SoCalGas Company and
the majority of the stakeholders, including Transwestern Pipeline.
3. The relationship between the CPUC's decision in this proceeding and
the ongoing investigation of the sufficiency of infrastructure for both
natural gas and electricity.
My understanding is that the CPUC prefers the speakers be brief.  With
your permission, Mr. Baldwin's remarks will be limited to no more than 5
minutes, with an opportunity for questions to follow.
Please let me know if there are any other guidelines the CPUC would like
parties to follow in this proceeding.  Also, please let me know if there
are any questions that I can answer for you.
Jeffery C. Fawcett
Transwestern Pipeline Company
713-853-1521
jfawcet@enron.com


Chris, no we did not do any manual billings for August 2000, also I looked at
the invoice and noticed that we did not bill out demand reimbursement.

Thanks, Jeff

Chris Germany
10/18/2000 08:34 AM
To: Jeff W Westover/HOU/ECT@ECT
cc:
Subject: August Invoice

Please send me the August invoice for CES.  Did we do any manual billings for
August?  I need those too.


I just received two letters from IR dated 12/6/01 and 2/1/02 which were probably in a black hole somewhere or on Elliot Bonner's desk.  IR is terminating Commodity Swap Y810701 and demanding payment from ENA.

Kevin, can you please confirm that Y810701 is the only active financial swap between the two parties?  If it is not, then we cannot reflect that IR has terminated its swap(s).  We will also need

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Please note marked increase in Chron's quality of reporting when it ain't
Lazarus doing the reporting.  This was the lead, front page story in the
Chron.  Note Abraham's quote in p.#3 re: "must increase supply or decrease
demand."  I've heard that somewhere before.

Best,
Jeff

Energy Boss Says State Summer Blackouts 'Appear Inevitable'
Carolyn Lochhead, Chronicle Washington Bureau
Friday, March 16, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2001/03/16/MN20
0965.DTL
Washington -- The Bush administration warned yesterday that blackouts "appear
inevitable" in California this summer, but it firmly rebuffed a deal from
Sen. Dianne Feinstein that would force the state to lift its rate freeze on
consumers in exchange for federal controls on wholesale prices.
Energy Secretary Spencer Abraham insisted that price controls would make
shortages worse by reducing power sales into the state. The administration's
top priority is to prevent blackouts, he said.
"Let me make one point clear," Abraham told the Senate Energy and Natural
Resources Committee. "Any action we take must either help increase supply or
reduce demand. . . . Price caps will not increase supply or reduce demand. In
fact, in our view, they will seriously aggravate the supply crisis."
Abraham said electricity shortages in California "will get worse, and
blackouts this summer appear inevitable." He cited projections of anywhere
from 20 to 200 hours of rolling outages this summer.
"I'm not saying that people in California don't want lower energy costs," he
said. "But I know for sure they don't want to be sitting this summer without
electricity at all. And our goal is to try to avoid that as the primary
public interest responsibility of this administration."
Feinstein became the first leading state Democrat to break with Gov. Gray
Davis in calling for an end to the rate freeze that has kept electricity
prices low for California consumers, even as soaring wholesale costs have
driven the state's investor-owned utilities to bankruptcy and now are
draining the state's budget surplus.
But Feinstein insisted that the federal government must simultaneously force
down wholesale prices until ample new power plants come online.
Feinstein said higher consumer rates would encourage conservation, saying
that if people just turned off their computers at night, they would save 7
percent of the state's electricity supply.
She also said the state, which now is buying electricity for the utilities,
has already run through $2.7 billion and could spend $10 billion on
electricity this year.
"That is gone," Feinstein said. "It doesn't buy a school. It doesn't repair a
road. It doesn't build the water system many of us believe the state needs."
The offer came as a compromise with Oregon Republican Sen. Gordon Smith, who
warned that an "economic and environmental catastrophe" awaits the Western
states this summer when electricity demand is expected to soar while a
drought in the Northwest constricts the supply of hydroelectric power.
Smith's move to embrace price controls, which he had earlier rejected,
reflected sharply intensifying political pressure on the Bush administration
to intervene in the electricity market, as Western officials complained
bitterly yesterday that rising energy prices are forcing layoffs and now
threaten the region's economy.
LESSONS OF SUPPLY, DEMAND
"I'm afraid this summer we're going to be in the middle of a dry lakebed
explaining to very angry farmers and homeowners and former factory workers
the lessons of supply and demand," said Smith, whose family owns a frozen
vegetables business. "I don't want to send the wrong signals to the
marketplace . . . but I'll tell you, the wrong signal is a recession."
Abraham repeatedly sought to counter criticism that the Bush administration
is not doing enough to aid the West, citing a letter he sent to Davis
yesterday that said the White House will not oppose the state's plan to take
over the investor-owned utilities' transmission lines, despite disagreeing
with the approach.
"Regrettably, I think our opposition to price caps has been claimed by some
to suggest that the administration either does not care about California and
the West or is doing nothing to help," Abraham said. "That is simply untrue."
Abraham said the Federal Energy Regulatory Commission's recent order to 13
power suppliers to refund $69 million in January overcharges to the utilities
would send "a signal that companies that exploit a serious situation aren't
going to get away with it."
He also cited expedited federal approvals and waivers for power plants and
discussions with Mexico to try to increase electricity exports from Baja to
California.
But Abraham firmly rejected price caps, saying they "have already been tried
and already failed" in California when a price ceiling for electricity sales
into the state was reduced over the past year from $750 a megawatt hour to
$150.
RESULTS OF PRICE CAPS
"The lower the price cap was set, the higher average electricity prices
rose," Abraham said, in part because municipal utilities were exempt. New
federal price caps would affect just half of the Western electricity market,
he said, and so would shift supplies from regulated to unregulated markets
rather than control prices.
He also said price caps would "almost certainly" reduce sales from Mexico and
Canada and induce "cheating and circumvention."
Armed with charts showing huge wholesale price increases over the past year,
Feinstein expressed her strong disappointment.
"Oh, Mr. Secretary," Feinstein said, "I was really surprised by the ideologic
hardness of your statement. I must tell you that."
She said California will be 5,000 megawatts short of electricity this summer,
enough power for 5 million homes. "It's a lot of shortness," she said,
predicting that prices will reach $5,000 a megawatt hour. "What does
California do about that if it isn't going to get any help to provide that
stability and reliability over that period of time? . . . All we're asking
for is help to prevent price-gouging."
Abraham countered that the administration's position is "common sense."
"I'm telling you, I think this summer, if California has worse blackouts than
currently projected, that (price caps) would have been a disservice to the
people of your state," Abraham said. "If the rest of the West finds the
Canadian energy providers refusing to sell at the same levels because of
price caps . . . that's in my judgment an irresponsible carrying out of our
public responsibilities here."
In Sacramento, Davis said he was "particularly grateful" for the
administration's promise not to oppose the state transmission takeover. He
also said the state would "have just enough power to avoid blackouts" but
said "federal officials are of a different view."
Still, the governor continued to urge ''some effort to temper wholesale
prices."
E-mail Carolyn Lochhead at clochhead@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 1


This is to confirm a meeting for tomorrow, Tuesday, July 11 at 2:00 pm.
Please reference the meeting as Systems Meeting and also note that there will
be a follow up meeting.   The meeting will be held in EB3321.

Call Kim Hillis at x30681 if you have any questions.

k


Start Date: 3/5/01; HourAhead hour: 5;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030505.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 5 / Preferred:  29.00 / Final:  15.60)
  TRANS_TYPE: FINAL
  SC_ID: ARCO
  MKT_TYPE: 2
  TRANS_DATE: 3/5/01
  UNIT_ID: CARBGN_6_UNIT 1
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 5 / Preferred:  18.00 / Final:   9.60)
  TRANS_TYPE: FINAL
  SC_ID: DELANO
  MKT_TYPE: 2
  TRANS_DATE: 3/5/01
  UNIT_ID: PANDOL_6_UNIT

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 5 / Preferred: 100.00 / Final:  53.40)
  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 3/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 5 / Preferred:  75.00 / Final:  17.28)
  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 3/5/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_3000
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 5 / Preferred:  75.00 / Final:  17.40)
  TRANS_TYPE: FINAL
  SC_ID: ECTltNW
  MKT_TYPE: 2
  TRANS_DATE: 3/5/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_6000
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 5 / Preferred: 100.00 / Final:  53.40)
  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 3/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5000
  ENGY_TYPE: FIRM


fyi
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 06/18/2001
08:43 PM ---------------------------

	From:  Christi L Nicolay                           06/18/2001 07:17 PM

To: Elizabeth Sager/Enron@EnronXGate, Jeffrey T Hodge/Enron@EnronXGate, Mark
Taylor/Enron@EnronXGate
cc: Lisa Yoho/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Mark E Haedicke/Enron@EnronXGate, Richard
Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, John J
Lavorato/Enron@EnronXGate, Louise Kitchen/HOU/ECT@ECT, Richard B
Sanders/Enron@EnronXGate

Subject: FERC question 1 re: Enron OnLine

ENA legal -- Kim Bruno is one of the FERC staff that visited the Enron gas
and power trading floors last week.  Can you provide us with a response to
his questions?  I'll set up a conference call if necessary to discuss before
we respond.  I talked with Kim today and told him that we would be responding
within several days and he is fine with that.  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 06/18/2001
07:11 PM ---------------------------

"Kim Bruno" <kim.bruno@ferc.fed.us> on 06/14/2001 05:19:01 PM
To: <Christi.L.Nicolay@enron.com>
cc:

Subject: Enron OnLine

In providing an answer to our questions regarding risk assessment or
management, would you please provide an explanation to the following?  We
understand that EOL requires that a counter party, before accessing EOL to do
business with Enron North America, must undergo a credit worthiness
evaluation.   When a counter party executes or clicks on a price, EOL does an
instant credit check before confirming the transaction.

However, Enron may not only buy from a counter party, it may sell.  What sort
of creditworthiness standards must Enron provide to a counter party utilizing
EOL to purchase from Enron?

Are there industry standard creditworthiness agreements regarding counter
party credit risk that Enron uses?  If yes, may we have copies?  If Enron
utilizes its own agreements, please provide us with a copy.

Thank you.

Kim Bruno
Market Oversight and Enforcement
Office of the General Counsel
888 1st Street, NE, Room 92-19
Washington, DC  20426
(202) 208-0770 (office)
(202) 208-0057 (fax)


Wanda,

I will prepare a GISB draft and send your way next week.  With regards to a
Master with HPL, a draft  was sent  for HPL  in October of 19 of which I am
sending for your review.    Online trades at this time are for firm
transactions only.

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


Enjoy!
 - 20011111ERCOT_LOAD.XLS
 - 20011111ERCOT_FLOW.XLS


could you please follow up with stephanie and let her know that i'd like to
review?  thanks very much.

	Stephanie E Taylor@ECT
	11/21/2000 03:00 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Follow Up

I am following up to see if you would like to renew the subscription listed
below.  Please let me know at your earliest convenience.

Thank You,
Stephanie Taylor

From: Stephanie E Taylor on 11/17/2000 10:21 AM
To: Jeff Dasovich/NA/Enron@Enron
cc:
Subject: Subscription Renewal

Dear Jeff,
Our records indicate that your subscription to California Energy Markets is
due for renewal.
Please let me know if you would like to renew or if you have questions
regarding the renewal.
Sincerely,
Stephanie E. Taylor


Teco Tap  30.000 / Enron ; 61.667 / HPL Gas Daily


Some good news.  Your call to Gov Rowland was helpful.  We are not finished yet, but we are on our way.

 -----Original Message-----
From: 	Montovano, Steve
Sent:	Sunday, November 04, 2001 9:52 AM
To:	Kean, Steven J.; Shapiro, Richard
Cc:	Landwehr, Susan M.; Allegretti, Daniel
Subject:	FW: Fuel Cell Update

Steve/Rick - It appears that Gov Rowland is going to move this ball forward as he promised to do.  I have had several meetings since the Kean/Lay call with Rowland and the message from him has been consistent.  This is further confirmation.  Please call should you wish to discuss further.  SM

 -----Original Message-----
From: 	Allegretti, Daniel
Sent:	Tuesday, October 30, 2001 3:58 PM
To:	Montovano, Steve; Landwehr, Susan M.
Subject:	Fuel Cell Update


Since we couldn't get us all together on the phone (Sally, you're out of the
office), I wanted to close the loop on some of the discussions we've all been
having on Doorstep.  After talking with Rick Carson,  Shona and I see several
alternatives:

Our Needs:
1) Database Management
2) Staff to do the deal test and write the report

No matter what, we want to use Rick Carson's group to maintain the Doorstep
database.

Our Goals:
The one open question we need to resolve is whether or not Rick Buy does in
fact want Rick Carson's group to develop trading expertise with the goal of
being able to do Doorstep visits alone without the involvement of Market Risk
Management (MRM) or Sally's (Ops) group.  Rick Carson indicated that was his
understanding from talking to Rick Buy.  If that is the case, we should
select alternative #1 below, despite the inefficiencies.

If we are simply trying to carry out the Doorstep initiative in the most
efficient manner possible, it seems Carson's involvement is not actually the
way to get there.

Alternatives:
1)  Include Rick Carson's group to staff the deal test while including them
in planning, interviews, etc.
  - RC does not have low level people to do deal test only; his people are
experienced managers/directors who would only
  be interested in participating if they were learning the trading business;
it is also a management problem for his staff to be
  under someone else's direction so he wants their more active involvement

  Pros: - inclusion in interviews might shorten turn around time for them
documenting the findings in the report
   - training of a RC's group - is this in fact a goal?

  Cons: - no real need for a 3rd level of "brains" - we just need brawn
   -involvement by 3 or more people in interviews might be intimidating to
target personnel, may be inefficient, etc.
   - planning and oversight with 3 groups "in charge" is inefficient and
could cause accountability question

2) Don't use Rick Carson's group except for database management: Instead,
consider one of the following:
 A) Have the MRM and Ops people assigned to the Doorstep do the deal test and
write the report; bring a staff level person from MRM or Ops to
  do the deal test

  Pros: Efficient, keeps expertise and training within our two groups who can
benefit most directly as trading is our focus (vs. Carson's group), no
   issue with managing staff, etc.;

  Issue: Do our two groups (MRM and Ops) have resources necessary to devote?

 B) Outsource to AA

  Cons: Little leverage on timeliness of report, not developing in house
expertise, expensive,

 C) See if there are other internal resources like the Business Risk
Management / Energy Assurance Services group (Internal Audit), or
accountants   from Causey's other groups, etc.

Assuming Buy does  not actually plan to transfer responsbility for Doorstep
to Carson's group, I think Shona and I are leaning toward 2A  - it depends on
what you two think about it - I think our staff level people would welcome
the opportunity to participate and see other offices - the question is can we
afford time wise for them to do so.  But if we want to train Carson's group
with the idea of them eventually becoming the primary RAC Doorstep interface,
we can do that instead.

Let us know what you think so we can finalize our staffing plans.

Regards,
Cassandra.