Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
Monday, June 4, 2001 No. 753
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GAS FUTURES
Henry Hub
12 Month Strip  4.0966  +0.0298
18 Month Strip  4.0451  +0.0300
| Month | High  |  Low  | Close | Change |
| JUL   | 4.000 | 3.811 | 3.930 | +0.016 |
| AUG   | 4.070 | 3.895 | 4.009 | +0.019 |
| SEP   | 4.090 | 3.933 | 4.046 | +0.024 |
| OCT   | 4.130 | 3.965 | 4.079 | +0.031 |
| NOV   | 4.300 | 4.131 | 4.244 | +0.034 |
| DEC   | 4.480 | 4.300 | 4.409 | +0.036 |
| JAN   | 4.530 | 4.373 | 4.477 | +0.036 |
| FEB   | 4.380 | 4.380 | 4.360 | +0.036 |
| MAR   | 4.230 | 4.120 | 4.190 | +0.035 |
| APR   | 3.875 | 3.790 | 3.840 | +0.030 |
| MAY   | 3.800 | 3.730 | 3.765 | +0.030 |
| JUN   | 3.855 | 3.770 | 3.810 | +0.030 |

PHYSICAL GAS PRICES
| Gulf/Eastern Region              |       |
| Agua Dulce                       | 3.60  |
| ANR SE                           | 3.56  |
| Carthage TG                      | 3.65  |
| Chicago Citygate                 | 3.74  |
| Columbia Gulf Onshore            | 3.66  |
| Dominion TTT South(CNG S. Point) | 3.96  |
| Henry Hub                        | 3.72  |
| Houston Ship Channel             | 3.75  |
| Katy Hub                         | 3.73  |
| NGPL - Midcontinent              | 3.56  |
| NGPL STX                         | 3.60  |
| NGPL TX/OK                       | 3.64  |
| Niagara                          | 3.86  |
| Sonat Tier 1                     | 3.60  |
| TCO IPP Pool                     | 3.84  |
| Tetco ELa                        | 3.64  |
| Tetco M-3                        | 3.91  |
| Tetco STX                        | 3.57  |
| TGP Zone 0                       | 3.57  |
| TGP Zone 1                       | 3.76  |
| TGT Zone SL                      | 3.67  |
| New York Citygate                | 3.92  |
| Transco Station 65               | 3.73  |
| Transco Zone 6 (NY)              | 3.92  |
| Trunk ELa                        | 3.57  |
| Western Region                   |       |
| California Border                | 8.80  |
| El Paso Permian                  | 3.62  |
| El Paso San Juan                 | 2.60  |
| Waha Hub                         | 3.60  |
| Canadian/Rockies Region          |       |
| Nova/Aeco (in C$/GJ)             | 4.74  |
| Dawn Hub/Union                   | 3.91  |
| Northwest Stanfield              | 3.25  |
| Wyoming Pool                     | 2.60  |
| Opal                             | 2.61  |
| PGT-Malin                        | 4.30  |
| Sumas                            | 3.10  |

POWER FUTURES
| Month |   COB   | Change |   PV    | Change  |
| JUL   | 260.00  | -40.00 | 300.00  | +10.00  |
| AUG   | 300.00  | -60.00 | 340.00  | +15.00  |
| SEP   | 205.00  | -20.00 | 203.00  | +18.00  |
| OCT   | 180.00  | -25.00 | 135.00  |  +5.00  |
| NOV   | 150.00  | -35.00 |  95.00  | +10.00  |
| DEC   | 170.00  | -30.00 | 100.00  | +10.00  |
| JAN   | 145.00  | -30.00 |  70.00  |  +0.00  |
| FEB   | 130.00  | -30.00 |  60.00  |  +0.00  |
| MAR   |  85.00  | -30.00 |  60.00  |  +0.00  |
| APR   |  62.00  | -10.00 |  55.00  |  +0.00  |
| MAY   |  62.00  | -10.00 |  55.00  |  +0.00  |
| JUN   |  62.00  | -10.00 |  75.00  |  +0.00  |
| Month | Entergy | Change | Cinergy | Change  |
| JUL   |  88.00  | +0.00  |  83.00  |  +0.00  |
| AUG   |  88.00  | +0.00  |  74.00  |  +0.00  |
| SEP   |  42.00  | +0.00  |  36.00  |  +0.00  |
| OCT   |  36.00  | +0.00  |  34.50  |  +0.00  |
| NOV   |  36.00  | +0.00  |  34.50  |  +0.00  |
| DEC   |  36.00  | +0.00  |  34.50  |  +0.00  |
| JAN   |  38.00  | +0.00  |  37.00  |  +0.00  |
| FEB   |  38.00  | +0.00  |  37.00  |  +0.00  |
| MAR   |  35.50  | +0.00  |  34.50  |  +0.00  |
| APR   |  35.50  | +0.00  |  34.50  |  +0.00  |
| MAY   |  40.00  | +0.00  |  39.00  |  +0.00  |
| JUN   |  52.00  | +0.00  |  49.00  |  +0.00  |

POWER FUTURES
| Month  |  PJM  | Change |
| JUL    | 83.00 | +0.00  |
| AUG    | 73.00 | +0.00  |
| SEP    | 39.25 | +0.00  |
| OCT    | 36.00 | +0.00  |
| NOV    | 36.00 | +0.00  |
| DEC    | 36.00 | +0.00  |
| JAN    | 42.00 | +0.00  |
| FEB    | 42.00 | +0.00  |
| MAR    | 37.50 | +0.00  |
| APR    | 37.50 | +0.00  |
| MAY    | 40.50 | +0.00  |
| JUN    | 51.00 | +0.00  |

NATURAL GAS OPTIONS
|       | Closing | Days | Implied ATM |
| Month |  Price  | Left | Volatility  |
| JUL   |  3.930  |  26  |   58.54%    |
| AUG   |  4.009  |  56  |   57.42%    |
| SEP   |  4.046  |  89  |   56.97%    |
| OCT   |  4.079  | 117  |   57.48%    |
| NOV   |  4.244  | 148  |   58.46%    |
| DEC   |  4.409  | 180  |   58.44%    |

PHYSICAL POWER PRICES
|            |  High   |   Low   | Average |
|            |  $/MWh  |  $/MWh  |  $/MWh  |
| Cinergy    |  21.00  |  18.50  |  20.15  |
| ECAR       |  23.85  |  19.85  |  21.85  |
| ERCOT      |  37.00  |  39.00  |  38.00  |
| Entergy    |  27.00  |  28.50  |  28.00  |
| TVA        |  32.00  |  25.30  |  27.60  |
| ComEd      |  21.00  |  19.00  |  19.85  |
| PJM West   |  26.50  |  25.05  |  25.60  |
| Main       |  23.00  |  18.50  |  21.05  |
| MAPP       |  23.50  |  18.25  |  21.90  |
| Palo Verde | 210.02  | 175.00  | 185.00  |
| Mid C      | 165.00  | 120.00  | 142.20  |
| COB        | 165.00  | 165.00  | 165.00  |
| 4 Corners  | 185.00  | 170.00  | 178.35  |
| Mead       | 192.00  | 180.00  | 187.40  |
| NP 15      | 175.00  | 180.00  | 159.80  |
| SP 15      | 135.00  | 135.00  | 135.00  |
_______________________________________________
Go to http://www.enerfax.com for over 30 additional power stories.
_________________________________________________

Today's Power Bulletins
 * American Electric Power Takes Over Operation of Lignite Mine Producing Fuel for 645 MW Dolet Hills Power Plant in
Northwestern Louisiana
 * Enron Says a C$200 Million, 400 MW Power Plant for  Southwestern Ontario in Jeopardy Because of Provincial Government Delay on Deregulation
 * MGM Mirage in Las Vegas to Implement Energy Surcharge
 * Plug Power Names New CFO, Stock Rebounds
 * Illinois Passes $3.5 Billion Bond-Funded Program to Reinvigorate State's Coal Industry
 * Mirant Commits to Invest $3 Million in Cheng Power Systems
PG&E National Energy Group Earns
 * Final Approval to Build 1,080 MW Athens Generating Facility in New York
 * GWF Breaks Ground on 90 MW Peaking Power Plant in Hanford, California Expected to Be in Operation by September
 * PG&E Launches Campaign to Enhance Outage Preparedness
 * Tractebel to Launch Public Bid for All Ordinary Shares of GTI
 * Duke Energy to Redeem Seven Bond Issues
 * Western Spot Power Prices Rise with Weekend Risk Premium
 * Northeast Spot Power Prices Rise with Natural Gas and Weekend Risk
 * Southern Demand and Forwards Drive Midwest Spot Power Prices Up
____________________________________________________

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________________________________________________

Today's Gas Bulletins
 * Conoco Set for Major Role in Historic Saudi Natural Gas Deal
 * Baker Hughes Says US Rotary Rig Count Searching for Oil and Natural Gas Up 8 to 1,270; Canada Up 28 to 291; Gulf of Mexico Dips 7 to 158 Last Week
 * ODS-Petrodata Says Worldwide Rig Utilization Fell by 2 to 89.6% to 583 Last Week; Gulf of Mexico Down 1% to 88.7% with 189 Rigs Under Contract
 * Mobile Gas Files Petition Alabama PUC for Rate Adjustment
El Paso Tennessee Pipeline Declared
 * Quarterly Dividend of $1.03125 per Share on 8 1/4% Cumulative Preferred Stock, Series A
 * AEP Completes Purchase of Houston Pipe Line Company and Bammel Storage Facility from Enron for $727 Million
 * Williams Begins Up to 86,000 MMBtu per Day of Natural Gas Transportation Service to New Aries Power Project Near Pleasant Hill, Missouri
-------------------------
To see over 100 linked oil and gas stories ,visit page 7 of http://www.enerfaxgold.com
__________________________________________________

North American Gas Storage Conference
Storage 2001 - 2002:
Source of Stability or Chaos?
June 22, Houston

Find the answers at Ziff Energy's natural gas storage conference.  A blockbuster roster of industry leaders from the utility, trading, pipeline and storage sectors in each of the North American storage regions will present timely, relevant information you can use. This conference will assist you in making critical decisions about your natural gas storage strategy for peaking and the remaining seasonal base fill. The game has changed - storage strategy has been kicked up a notch from buying for seasonal fill to real-time risk management.

Session 1 Supply Shortage or Storage Inefficiencies: Last Winter's Saga
El Paso Corporation - Byron Wright, VP
Energy Information Administration, DOE - Jim Thompson, Industry Analyst
Keyspan Energy - David Manning, Senior VP, Corporation Affairs
Axia Energy - David Modesett, VP

Session 2 The Changing Storage Paradigm:
Dynamic Storage Service vs Seasonal Fill
AEC Storage & Hub Services Inc. - Rick Daniel, President
Williams Energy Marketing & Trading - Blake Herndon, Director, Risk Management
NiSource Inc. - T.J. Aruffo, VP Energy Supply Services
Enron North America - Paul Bieniawski, Director
Duke Energy Gas Transmission - David Nightingale, VP MHP

Session 3 Pricing it Right and Reducing Risk:
Can We Expect Stability or Chaos in Winter 2001 - 2001?
Aquila Energy - Mark Cook, VP The Exchange Center Conoco Gas and Power Marketing - Brad King, VP Storage
Sempra Energy Trading - Dan Guertin, Meteorologist

For more information or to register visit
http://www.ziffenergyconferences.com, call 1-800-853-6252,
or email us at gasconference@ziffenergy.com
________________________________________________

Natural Gas Futures Up Slightly; Cash Slips

    Natural gas futures on the NYMEX ended higher Friday on pre-weekend short-covering, but closed off its highs after failing to break above resistance at $4.00 per MMBtu. In early trading, prices slid to the lows of the day, but short-covering by trade and commercial accounts lifted prices once it became clear they would fall no further. The July contract settled up $0.016 at $3.93 per MMBtu. August rose $0.019 to $4.009 per MMBtu. With only moderate warmer weather conditions forecast, the upward price momentum was lost. Rumors that the AGA was going to revise last weeks storage report lower, sparked some buying and prompting short covering. Last week the AGA reported an injection of 99 Bcf, and the rumors suggested that number could be dropped to the mid-80s. This rumor was later reported to have been false, sparking the return to selling. Look for generally mild to warm weather conditions across most of the nation this week. California will continue to be hot this week. !
Ma!
ny traders are expecting the market to test $3.50 this week. Resistance is seen at $4.05, then $4.25; with support at $3.80, followed by $3.67. Natural gas for next day delivery across the US and Canada was generally mixed to $0.10 lower last Friday. Natural for next day delivery at the Henry hub dipped $0.04 to $3.73 per MMBtu.
________________________________________________

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This free trial expires tomorrow.  As a paid subscriber you receive timely news the date of issue.  If you'd like to subscribe there is an order form on the back page of the newsletter.

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_________________________________________________

Natural Gas NYMEX Volume
01JLY   42,018
01AUG    6,361
01SEP    5,955
01OCT    6,625
01NOV    2,963
01DEC    5,306
02JAN    4,856
02FEB    1,967
02MAR    2,459
02APR    1,502
02MAY    1,629
02JUN      598
02JLY      623
02AUG      575
02SEP       41
02OCT      171
02NOV      118
02DEC       87
03JAN      113
03FEB        5
03MAR       80
03APR       67
03MAY       51
03JUN        1
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_________________________________________________

California ISO Protests RTO Filing

    The California ISO has has agreed, under protest, to FERCs demand from that it file to create a RTO, while maintaining the requirement is illegal and inappropriate. The ISO faced a June 1st deadline to file a RTO plan or risk losing FERC-backed emergency price controls. The ISO claims that it is not legal or appropriate to condition price controls on anything. So far, there are 2 RTOs planned for the western US. RTO West is mostly based in the Pacific Northwest and Desert Star mainly consists of Southwest utilities. FERC would like to see just one RTO in the western region. The filing called for the ISO itself to become a third western RTO, a move that would appear to make little practical difference to the running of the agency. FERC Chairman Hebert has said it was necessary to require California to join at RTO, claiming no price relief plan could open clogged transmission systems and build new infrastructure. The FERCs price relief plan, which is only imposed during pe!
ri!
ods when the ISO has declared a power emergency, requires generators to offer available electricity in real time using a proxy price established a day ahead of actual delivery. The proxy price reflects the marginal cost of the highest-cost generator asked to supply power to the grid.
__________________________________________________

"New Horizons Solutions for the 21st Century"

An Energy Efficiency Workshop and Exposition
Kansas City, Missouri
June 3 - June 6, 2001

For more information go to http://www.energy2001.eee.doe.gov
_________________________________________________

Edison Rescue Plan May Fall Apart

    The rescue agreement between the state of California and Southern California Edison may fall apart because the PUC is not ready to implement parts of it by a June 8th deadline. Edison International says the agenda for a June 7th meeting lacks items that have to be implemented by the following day. Failure to implement those items would give either Californias DWR or SCE the right to back out of the agreement which calls for the state to buy Edison's share of the power grid for $2.76 billion. Collapse of that agreement may force SCE into bankruptcy. Shares of Edison closed up $0.17 Friday at $11.00, but have fallen 30% this year.
_________________________________________________

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To receive more information or a free demonstration, we invite you to contact us at 713-266-7771 or visit our web site at http://risk.sungard.com/energy.
________________________________________________

Democratic Senate and Bush Energy Plan on Collision Course

   The energy agenda of the new Democratic-controlled Senate is about to clash with the Bush administration on electricity price caps for California, drilling in Alaskan and  soaring gasoline prices. While President Bush favors more drilling and coal use as part of a national energy policy, many Democrats prefer increased conservation and stricter mileage standards for vehicles to save fuel. Drilling in the Arctic National Wildlife Refuge has already been declared dead by new Senate Majority Leader Daschle.. Democratic lawmakers are expected to push for higher gasoline mileage for sports utility vehicles as part of the solution. The National Academy of Sciences is due to issue a report in July on possible higher vehicle fuel standards. The administration has said it will wait for that report before deciding what to do with current fuel requirements. Currently, US autos must average 27.5 miles per gallon, but light trucks, vans and sport utility vehicles are required to avera!
ge !
20.7 miles per gallon. The US market uses about 20 million barrels per day. The biggest fight with the administration is expected to come over the issue of price caps on power sales in California. As the state prepares for rolling blackouts this summer, Senate Democrats plan to move forward with legislation requiring the Federal Energy Regulatory Commission to impose temporary price caps in western states. Senate Democratic lawmakers also plan a new probe of the energy industry's record profits.
________________________________________________

Marathon to Replace Enron

     Marathon will replace Enron in the recently formed consortium to develop a $5 billion natural gas project in Saudi Arabia. On May 18yh, Saudi Arabia awarded Enron, Occidental and ExxonMobil stakes in the Red Sea natural gas package, one of three projects on offer under the kingdom's $25 billion natural gas development opening. ExxonMobil will retain the lead role, with 60%, while both Marathon and Occidental will have 20% interests. Last month, Enron also bowed out of Dolphin Energy, which is majority owned by the government of the United Arab Emirates and beginning a $3.5 billion project to transport Qatari natural gas to the UAE.
________________________________________________

Supply Management Specialist

     Summit Energy Services, Inc., an energy management firm in Louisville, KY., seeks a Supply Management Specialist to manage the sourcing of energy supply in competitive gas and electricity markets, obtain best value rates in regulated markets, and manage suppliers. Bachelors degree, with a minimum of 3-5 years energy supply management experience, preferably with energy supply experience in both gas and electricity, or equivalent experience.  Energy industry experience should include contract/rate negotiations, a working knowledge of industry suppliers, transmission markets, pipeline/utility issues, and operations.  Management experience desired and MBA is a plus. Fax resume to  (502) 429-8333 or email tsavaiano@summitenergy.com
----------------------

Client Energy Manager
     Summit Energy Services, Inc., an energy management firm in Louisville, KY., is seeking a Client Energy Manager to manage the implementation of services for Summits clients and the ongoing delivery and reporting of these services to these clients.  Minimum requirements are a bachelors degree and 3-5 years experience in energy management, preferably with direct customer-interface either in sales or client relationship, or equivalent experience.    Energy commodity, risk management, MBA, and DSM experience a plus.Fax resume to (502) 429-8333 or email tsavaiano@summitenergy.com
________________________________________________
_______________________________________________

Mirant Leery California Power Plans

    Just days after California approved construction of a 530 MW power plant, Mirant says it does not know when it would begin to build the $275 million facility because of uncertainty about the state's energy market. Mirant is concerned about speculation among California officials that the state should impose a windfall profits tax on energy companies and seize power plants. Last week, the governor praised the plant, saying it was the 16th major generating facility licensed during his 2 years in office, bringing the overall number of new MW approved to 10,400. The plant would be built at Mirant's Contra Costa generating facility northeast of SF.
_______________________________________________

Progas Storage Services, Inc

was recently organized to offer specialized natural gas storage services to marketers and end users servicing the upper Midwest and Northeast market regions along the major transmission systems in Indiana, Illinois, Kentucky, and Michigan. PGSMI has 10 bcf of potential working capacity which will offer service along TXG, ANR, Midwestern, and is currently evaluating for purchase another 21 bcf of potential working capacity which can be serviced by these and other systems in the region. PGSMI also explores for natural gas in the Gulf Coast region through a wholly owned subsidiary. Progas intends to go public through a route of private industry offerings, and an IPO or registration. For more information on services or the company mail to: gastorage@aol.com or for AOL mail to gastorage@aol.com; web site currently under construction at: http://www.progas.net/wip.

The company's executive and administrative office is located in Abilene, Texas with storage operations in Owensboro, KY and exploration operations in Corpus Christi, TX.

Progas Storage Services, Inc
8610 S. Hwy 277
Abilene, TX 79606

Ph 915 698 3699
Fx 915 698 2859
_____________________________________________

California Rate Freeze to Continue

     A federal bankruptcy judge let stand a state freeze on power rates charged by PG&E, blocking it from passing billions of dollars in back debt on to its customers. The decision effectively leaves the rate freeze in effect possibly through next March. PG&E says it will continue to pursue all legal challenges to this unlawful decision.
______________________________________________

TRENTON/BLACKRIVER "BOOM" IN WEST VIRGINIA

Land and Mineral Development LLC., Vienna, West Virginia, owns 85,000 acres of mineral rights in Southeastern West Virginia. The first Trenton/Blackriver production found in the state, was in a well drilled in 1962 by Tidewater Oil Company adjoining our property. We need an industry
partner. Geophysicist report and other information available.  The 85000 acres would also make a great gas storage field.

We also have another small storage field for sale near the new Trenton Wells.

Email - Driller@wirefire.com
Qualified Industry Principals only please.
This is not an offer to sell anything to anyone.

Land and Mineral Development LLC.,
P.O. Box 5370
Vienna, West Virginia, 26105
(304) 295-3333
_______________________________________________

Commodity Futures Trading Commission

NYMEX Natural Gas Futures
Reportable Positions as of 5/29/01

Open Interest: 425,205                                    10,000 MMBtu

                                                        Non-Reportable Non-Commercial          |  Commercial |     Total      |   Positions
Long  |Short |Spreading | Long| Short |  Long |  Short |  Long | Short

 4,561 28,642   15,808  363,860 350,582 384,229 395,032  40,976 30,173

Changes from 5/22/01                   Change in Open Interest:-14,612

   162 3,060   -1,296  -14,174 14,536 -15,308 -18,892     696  4,280

Percent of Open Interest for Each Category of Trader

 1.1%    6.7%     3.7%   85.6%   82.5%   90.4%    92.9%   9.6%   7.1%
_______________________________________________

CAMINUS
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SHOWCASE 2001
HOUSTON, TEXAS

You're Invited
To a four hour exposition of software and services that will set the new standard for the energy trading, scheduling, and risk management. Join us and compare your existing system with our latest product offerings.

Thursday, June 14, 2001. 3p.m. to 7p.m.
Houston Petroleum Club
800 Bell Avenue, 43rd Floor

For more information or to register on-line, visit http://www.caminus.com. You may invite up to two qualified colleagues to join you.

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___________________________________________________

EnerfactsDaily Job Center at http://www.enerfactsdaily.com

45 New Job Postings Include:
 * RISK MANAGER  * REGULATORY MANAGER
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 ___________________________________________________

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______________________________________________________

FINANCIAL SUMMARY
The TSE 300 climbed 89.10 points to 8250.90
The CRB Index rose 1.71 points to 210.71
The US Dollar decreased 0.11 points to 119.04
The Dow gained 78.47 points to 10990.41
The S&P 500 rose 4.85 points to 1260.67
The Nasdaq was up 38.95 points to 2149.44
July NYMEX Crude Oil slipped 0.44 to 27.93
Canadian-US Exchange fell .0137 to 1.5320
------------------------------
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Ben,

I'm going to the newly formed e-commerce group so I will no longer be
handling non e-commerce business.

Please contact Cuthbert Roberts (origination) and Ray Hoppe (technical) for
all Terra related issues.

later.

Raul


i wish i was that guy from nsync


Sharon,

How do I call you?  Each time I call you back, the phone goes to cover and
there is no message, so I can't leave you a message.

Thanks,

Errol


When: Monday, November 19, 2001 10:00 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where: ECN 872

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

Background & Meeting Objective:

Under the direction of Tim Belden, Kevin Presto, Lloyd Will, Anthony Dayao and Beth Perlman, Todd Busby and I have completed the 3 week analysis of wholesale and retail power systems integration.

We would like to present the results of our analysis and discuss recommendations the team believes will lead to cost savings and process efficiencies.  The analysis results are enclosed.

Agenda;

Background
Summary of Results
Integrated Systems Vision
Open Issues
Recommendations


Oops, and one more thing. The price on this is entered both in Jeff's trade
log and in Deal Entry as $214.95. I verified that with Chris Mallory, who's
working on the California desk today. If Prebon still has a discrepancy, let
me know.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/04/2000 10:18 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Missing deal for Jeff Richter for Dec.1

JEff Richter
Prebon sent over a statement where:
Enron buys from EES 12/5-12/30 25 mw of SP-15 at $114.95


Do you have a document signed by Stan authorizing the amount of dollars you need to spend?

 -----Original Message-----
From: 	Miller, Kent
Sent:	Wednesday, October 24, 2001 7:36 AM
To:	Hayslett, Rod; Saunders, James
Cc:	Neubauer, Dave; Peters, Jerry; Fancler, Dan; Gilbert, Steve; Chandler, Bob; Cobb Jr., John; Gilbert, Steve; Waymire, Dave
Subject:	RE: cunningham

Thanks for getting back to me on these.

Regarding the operational storage gas purchase, I did receive an e:mail back from Stan approving the November purchases.  We need to begin purchasing gas by the end of the week so please let me know what I need to do to refresh the dash that was completed a few months ago.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, October 23, 2001 3:18 PM
To:	Saunders, James; Miller, Kent
Cc:	Neubauer, Dave; Peters, Jerry; Fancler, Dan; Gilbert, Steve; Chandler, Bob; Cobb Jr., John; Gilbert, Steve; Waymire, Dave
Subject:	RE: cunningham

 -----Original Message-----
From: 	Saunders, James
Sent:	Tuesday, October 23, 2001 3:16 PM
To:	Miller, Kent
Cc:	Neubauer, Dave; Peters, Jerry; Fancler, Dan; Gilbert, Steve; Chandler, Bob; Cobb Jr., John
Subject:	cunningham
Importance:	High

kent, et al,
quick feedback from rod:
1. gas purchase - need to get approved thru stan    $'s required make it a Stan approval.    We will need a DASH to get his signature on.
2. hedge of gas purchase - no issues; need to quickly develop hedge documentation
3. hedge of sba "spread" - we need to regroup to better clarify how the commodity component of the sba can be identified within the
sba contract, for hedge purposes


Dear Vince,

Our record indicates that payment for invoice number 2001-M608 in the amount
of $5,700.- has not been received.  Please send your payment at your
earliest convenience.  Your timely attention to this matter will be greatly
appreciated.  If you have any questions or need further information, please
feel free to contact us.

Thank you very much for your assistance in this matter.

Sincerely,
Connie Tadesse
Accounting Manager
Financial Engineering Associates., Inc
Telephone Number 510-549-8702, ext 104
Fax Number 510-548-0332


fyi
---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 12/12/2000
02:42 PM ---------------------------

Kathy Mayfield
12/12/2000 01:56 PM

To: Rosalee Fleming/Corp/Enron@ENRON
cc:
Subject: Thank you for the Charitygift

---------------------- Forwarded by Kathy Mayfield/Corp/Enron on 12/12/2000
01:32 PM ---------------------------

12/11/2000 02:50 PM
To: kathy.mayfield@enron.com
cc:

Subject: Thank you for the Charitygift

Thanks very much to Enron for the card and gift.  I made my donation to the
Boys & Girls Club of the Columbia Area because my wife has served as a
director of this organization since its inception about 5 years ago.  Thanks
again, and happy holidays to Ken Lay and colleagues at Enron.


whats up

i just got this msg from you

hey so i did about what you suggested by accident!

hope you had fun

john k said you enjoyed Gerald's company so let me send you his email ill
send him yours to i always want my friends to be come friend s with each
other

heck, ill just send this one to Gerald also now

gerald i was writing to sophie to say she had good recipe advice, then
remembered you 2 talking here's each other's emails if they don't come
through lemme know guys

tomorrow night is a killer party night here gerald if you wanna come down

sophie you come out with the gang ok? i might see you tonight i'll probalby
be hanging out with John K & he has a law school party to go to

hey i just realized you guys are both lawyers

birds of a feather

----- Original Message -----
From: "Max Miller" <maxk@austin.rr.com>
To: "Mark Miller" <MMILLER3@austin.rr.com>
Sent: Friday, October 27, 2000 3:10 PM
Subject: Fw: Trifle

>
> ----- Original Message -----
> From: "Sophie Davenport" <sophiedavenport@hotmail.com>
> To: <mmiller3@austin.rr.com>
> Sent: Tuesday, October 10, 2000 11:39 AM
> Subject: Trifle
>
>
> > Not sure if the last one sent properly!
> >
> > A trifle is a dessert - v. olde Englishe!
> >
> > Basically it's sponge on the bottom usually soaked with a bit of sherry
> (or
> > quite a lot of sherry depending on how drunk you plan to get!) then
fruits
> > on top of that, such as raspberries, peaches, blackcurrents,
strawberries,
> > cherries (possibly) and then you pour on custard (best made not from the
> > tin) and then whipped cream and then you can put a topping on top like
> > flaked almonds, or chocolate shavings etc.
> >
> > Roast is like a huge joint of meat - you can roast chicken or the big
> > English classic is Roast Beef and Yorkshire Puddings (made from a
pancake
> > batter type mix). Served with roast potatoes and vegetables.
> > (Sorry the description isn't as impressive or articulate as you might
find
> > on a menu - i've yet to study for my chef qualification!)
> >
> >
_________________________________________________________________________
> > Get Your Private, Free E-mail from MSN Hotmail at
http://www.hotmail.com.
> >
> > Share information about yourself, create your own public profile at
> > http://profiles.msn.com.
> >
>


I will serve as your representative in the year end 2000 Associates PRC
Meeting.  ENA Management Committee  I represented some of you during the
mid-year PRC meeting, and some of you are new to my list of Associates to
represent.

I have copied you on an e:mail message that I sent to your supervisor of
record as of October 1, according to the records of the Analysts and
Associates Program.  You will note that I have asked your supervisor to
provide a list of your accomplishments for the second half of the year, as
well as a description of your job responsibilities.  You may want to take
charge of creating this information.  In addition to the input that I have
requested from your supervisor, it would be helpful for me to have a copy of
your resume (not necessary to repeat, if you gave me one at mid-year).  While
the PRC process will focus on your accomplishments during the prescribed time
period at Enron, it enhances my ability to represent you in the process if I
have some background information on you.

My assistant will contact you during the next few days to set up a time for
me to meet with each one of you, if you would like to do so before the PRC
meeting.  These meetings will be scheduled during the weeks of November 27
and December 4.  I will also meet or talk with your supervisor during those
two weeks in preparation for the PRC meeting.

Feel free to call me if you have any questions about the process.  I will be
out of the office the remainder of this week and most of next week, but I
will check and respond to voice mail messages.  My number is x35926.


This is just a reminder for you to fill out Enron's Corporate Internal
Communcations survey.  It's short (less than 10 minutes, honest) and
confidential.  And yes, we will be posting all of the numerical results to
the corporate intranet for you to see.

Please click on the link below.

http://etcsurvey.corp.enron.com/wi/p0639782/i.asp?r=28177&s=NOKVXFEI&l=9

Experiencing technical problems?  If this link does not automatically launch
the questionnaire:
1.  Launch by copying the link above into your browser, or
2.  If you continue to have technical difficulties, please send an email
message to confirmit@enron.com
3.  Please do not forward this link to anyone else, as it is unique for each
respondent


THE WRECKAGE OF SEPTEMBER 11TH CAN BE REMOVED.
BUT WHAT ABOUT THE HURT...?

Do not miss WHUT-TV's...

AFTERMATH OF A TRAGEDY: AMERICA RECOVERS
A forum of the Howard University Center for Public Service

Part II of a series, this televised panel discussion focuses
on the PHYSICAL, EMOTIONAL and SPIRITUAL aspects of the
tragedy and strategies for coping.

AFTERMATH OF A TRAGEDY: AMERICA RECOVERS features...

-Dr. Cudore Snell, School of Social Work
-Dr. Denise Hutchinson, Department of Pediatrics and Child Psychiatry
-Reverend Dr. Bernard Richardson, Dean of the Andrew Rankin Memorial Chapel
-Dr. Renee Jenkins, Chairperson of the Department of Pediatrics and Child
Health

This special show will air on:

-Thursday, 	October 4 @ 10pm
-Saturday, 	October 6 @ 5pm
-Sunday, 	October 7 @ 6pm
-Monday, 	October 8 @ 8pm
-Thursday, 	October 11 @ 1pm

Don't miss this in-depth, up-close look at Howard University's
leadership...for America and the global community.


Thanks for your help.

From: Jeff Dasovich@ENRON on 03/15/2001 11:41 AM
Sent by: Jeff Dasovich@ENRON
To: Vicki Sharp/HOU/EES@EES, Robert C Williams/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron
cc:
Subject:

Well done.  One other point:  If the PUC rules on the 27th that the rate
freeze is not going to end retroactively, that should put Ken Lay in a much
stronger position to negotiate with Glynn on reaching a deal on payment.

Best,
Jeff


FYI

 -----Original Message-----
From: 	Invedy, Tantra
Sent:	Wednesday, October 24, 2001 10:02 AM
To:	Kroumov, Kroum; Nance, Melissa; Denton, Rhonda L.; Rodriguez, Bernice
Subject:	RE: UAT -- week of 10/22 -- read ASAP

Just to clarify,

PWRTESTN   points to GBLPARA  (which is a replicated database from GDB production).

PWRDEVN 	points to GBLTEST.

Tantra.

 -----Original Message-----
From: 	Kroumov, Kroum
Sent:	Wednesday, October 24, 2001 9:58 AM
To:	Nance, Melissa; Denton, Rhonda L.; Rodriguez, Bernice
Cc:	Invedy, Tantra
Subject:	RE: UAT -- week of 10/22 -- read ASAP

    After talking to our DBA Tantra, we found out that TESTN points to GBL PARA which
    is actually production global data.
    In that case we can not enter test global data in TESTN where we want to test.
    Tantra said that we can use DEVN for global test data, my impression is that we need
    to use TESTN however

 -----Original Message-----
From: 	Nance, Melissa
Sent:	Wednesday, October 24, 2001 9:27 AM
To:	Denton, Rhonda L.; Rodriguez, Bernice; Robinson, Rhonda; Pham, Vivien; Richardson, Stacey; Lew, Elsie; Hilliard, Marlene; Robinson, Rhonda; Price, Wade R.; Spears, Christopher; Miroballi, Angelo; Heaney, Gordon; Pinion, Richard; Pham, Vivien; Olvey, David; McDowell, Shirley
Cc:	Crooks, William; Kroumov, Kroum
Subject:	RE: UAT -- week of 10/22 -- read ASAP
Importance:	High

Sorry -- one more request.

I know a few of the Global users have tested this week.  Please provide me an update on the following.

To all Global users:  If you have tested this week -- have you been sending your test scripts to your Unify users so they can verify the information has been replicated?  Also, give me an update if the scripts were run for Financial, Gas or Power.

To all Unify users:  If you have received test scripts (this week) have you verified the information was replicated?  If so, is it there?

If you are unaware what you are to be testing -- please let me know and I will send you the spreadsheet again.

Regards,
Melissa
(x54889)

 -----Original Message-----
From: 	Denton, Rhonda L.
Sent:	Wednesday, October 24, 2001 9:10 AM
To:	Rodriguez, Bernice; Robinson, Rhonda; Nance, Melissa; Pham, Vivien; Richardson, Stacey; Lew, Elsie; Hilliard, Marlene; Robinson, Rhonda; Price, Wade R.; Spears, Christopher; Miroballi, Angelo; Heaney, Gordon; Pinion, Richard; Pham, Vivien; Olvey, David; McDowell, Shirley
Cc:	Crooks, William; Kroumov, Kroum
Subject:	RE: UAT -- week of 10/22 -- read ASAP

These counterparties are not showing up in Enpower testn environment, which is where we are testing drivetrain.  I will enter test deals this morning under regular counterparty names in testn.

 -----Original Message-----
From: 	Rodriguez, Bernice
Sent:	Tuesday, October 23, 2001 2:08 PM
To:	Robinson, Rhonda; Nance, Melissa; Pham, Vivien; Richardson, Stacey; Lew, Elsie; Hilliard, Marlene; Denton, Rhonda L.; Robinson, Rhonda; Price, Wade R.; Spears, Christopher; Miroballi, Angelo; Heaney, Gordon; Pinion, Richard; Pham, Vivien; Olvey, David; McDowell, Shirley
Subject:	RE: UAT -- week of 10/22 -- read ASAP

Hi All,

The following have been entered into GCP Test - Devel 2.

CP# 2133222 2 K Trucking, Inc.
CP# 2133231 Broadleaft Contracting.

Please let me know if you need additional address roles, group links or wire information.

Bernice
x37972

 << OLE Object: Picture (Device Independent Bitmap) >>

 -----Original Message-----
From: 	Robinson, Rhonda
Sent:	Monday, October 22, 2001 6:45 PM
To:	Rodriguez, Bernice
Cc:	Lew, Elsie; Pham, Vivien; Nance, Melissa
Subject:	FW: UAT -- week of 10/22 -- read ASAP
Importance:	High

Please contact Elsie Lew, Vivien Pham or I to discuss testing between GCP and Unify. I will be in class on Tuesday morning and Thursday midday. Elsie Lew and Vivien Pham are assisting with testing the replication to Unify-Power.

Thanks,

Rhonda

 -----Original Message-----
From: 	Nance, Melissa
Sent:	Monday, October 22, 2001 2:09 PM
To:	Richardson, Stacey; Nance, Melissa; Hilliard, Marlene; Denton, Rhonda L.; Robinson, Rhonda; Price, Wade R.; Spears, Christopher; Miroballi, Angelo; Heaney, Gordon; Pinion, Richard; Lew, Elsie; Rodriguez, Bernice; Pham, Vivien
Cc:	Olvey, David; McDowell, Shirley
Subject:	UAT -- week of 10/22 -- read ASAP
Importance:	High

UAT (week of 10/22) is mandatory!  Please supply me with the times/dates you are available to test for the next two weeks, as well as the blackout times ASAP.

We are in the process of stress testing the system.  To ensure that we are free of errors and duplicate data -- I need new data to be entered into "ALL" scripts this week (preferably Monday thru Wednesday).   I know you are all extremely busy but the data entered prior to noon today cannot be used.  We have resolved a few issues and need new data sent across in order to verify the resolution is complete.

To prepare you in advance -- I will need you to re-run all test scripts again next week.

If you have question, concerns or run into any problems -- please call or email me immediately (x54889).

Regards,
Melissa
(x54889)

DON'T FORGET:
Ensure that each team is communicating with each other.  The following process must be followed each and every time the test script is executed in order to track test script results:

The Result section of all test scripts must be filled out by the Global Users.
Global users will email the completed test scripts to their Unify teammate.
Once the Unify tester has completed verification, he/she will fill in the remainder of the Result information.
After the Unify tester has verified and updated all test scripts, the Unify testers will forward the test scripts, along with all results to me.

For example: When Marlene is finished entering all Global Facilities test scripts -> Chris, Wade and Richard should receive an email containing the test scripts and Result information needed for Unify verification (i.e. Pipeline, rate schedule, deal category, etc).  Richard, Wade and Chris will verify Unify information and fill in additional Result information.  Once that is complete -- I should receive 3 emails (one from each person) containing the test scripts and Result information.

Also, remember: you do not have to follow the scripts verbatim.  Under the Script Execution section of each script -- Required Actions are mandatory.  However, you can add additional information if you so choose.  The more information -- the better the test.  On the other hand, the Expected Results column may vary per user.

NOTE:  The 18th floor testing lab is available for your use.  Please refer to the email I sent out for lab time availability.


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

Market Participants:

New advisory statements for April 2000 have been posted to your secure web
sites as of
8/4/2001.  The reason for the update is due to a printing error in the
previous version for LRR
Uplift charges.

Some of you may have had problems getting the LRR dollars in line with what
you were invoiced
due to this printing error.  It is important to note that the bills were
NOT re-run, just re-printed.

If you have any questions please contact customer relations at
518-356-6060.


----- Forwarded by Jeff Dasovich/NA/Enron on 10/11/2000 05:27 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/10/2000 06:41 PM

		 To: Michael Etringer/HOU/ECT@ECT
		 cc:
		 Subject: Recent Info on QF Pricing-related Issues

As a follow-up to our call.  Here is some additional information regarding QF
pricing issues.

QFs who voluntarily switched to PX pricing have been getting paid full (day
ahead) PX prices (and there seem to be a couple of thousand MWs that have
switched).  The concern on the part of the QFs is that the Commission's
ultimate decision on PX-based QF prices will force the QFs that have switched
to "refund" some of the payments they've received (e.g., the Commission
adopts a "PX minus" policy).
The majority of QFs are happy with the judge's proposed decision pending
before the PUC.  QFs  in remote locations are not happy with the decision
since they will take a big GMM hit).
As we discussed, last week the Commission strongly rejected Edison's
emergency motion regarding the gas price piece of the QF pricing formula.
Recall also that a couple of months ago Edison filed a motion with the
Commission to alter the "factors" used in the PX pricing formula, as well as
the gas price indeces.  (See previous note from me and Bruno.)  That
proceeding continues.  The response to Edison's motion is due this Friday.
Recently, the judge issued a ruling telling folks not to address the "factor"
issue (apparently she's heard enough), but to soleley address the gas indeces
issue.  Edison is likely to re-argue the points that it made previously in
its emergency motion.
The proceeding is likely to last through the Fall; hard to see a final
decision coming before year end.
In the meantime, the QFs are angling for a resolution at the Legislature as
part of a bigger deal to "resolve" the price spike issue in California.
For their part, the QFs want as part of a legilsatively-produced compromise:
1) maintain SRAC price methodology for 3 years; 2) keep whole those QFs who
voluntarily switched to PX pricing (i.e., "no PX minus" from the PUC); 3)
continue to permit, but limit, QF switching from SRAC to PX; and 4) create a
real retail market in California.
From the QFs perspective, Edison is angling to bifurcate QF pricing, with
gas-fired QFs getting power prices tied to gas prices, and renewables getting
prices that are de-linked from gas prices (they'll likely change their minds
when gas prices fall, however).

That's the latest from this end.  If you've got any questions, don't hesitate
to call.  415.782.7822.

Best,
Jeff


Thanks...despite Enron's condition, I still have so much to be thankful for. Have a great holiday.

-----Original Message-----
From: Ed Gillespie [mailto:EdGillespie@QuinnGillespie.com]
Sent: Wednesday, November 21, 2001 10:28 AM
To: Shapiro, Richard
Subject: RE: Resume

met with her. very sharp.  how you doin'? hope you get a little time to
relax over thanksgiving.  best, ed g.

-----Original Message-----
From: Shapiro, Richard [mailto:Richard.Shapiro@ENRON.com]
Sent: Thursday, October 18, 2001 2:35 PM
To: edgillespie@quinngillespie.com
Subject: FW: Resume

Ed: Katherine is a bright, young( junior) communications professional
planning a move to D.C.---Thought you might be interested in her for the
firm. It would be much appreciated if you all could meet with her at the
very least. Thanks.

Rick,

Attached is Katharine McFall's resume.  She is scheduled to move to DC
in 2 weeks and is interested in setting up some informational interviews
in preparation of her arrival

Thanks.

Janel

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


-----Original Message-----
From: 	Marks, James
Sent:	Monday, October 29, 2001 10:01 AM
To:	Murray, Kevin
Subject:	FW: Enron Said To Be Takeover Target, Shell Tipped As Possible Bidder

 -----Original Message-----
From: 	Czuppon, Christopher
Sent:	Monday, October 29, 2001 9:55 AM
To:	Marks, James
Subject:	FW: Enron Said To Be Takeover Target, Shell Tipped As Possible Bidder

Chris Czuppon
Enron North America
Generation Investments
(713) 345-8180

 -----Original Message-----
From: 	Kiani-Aslani, John
Sent:	Monday, October 29, 2001 9:51 AM
To:	Grace Jr., James
Subject:	FW: Enron Said To Be Takeover Target, Shell Tipped As Possible Bidder

Enron Said To Be Takeover Target, Shell Tipped As Possible Bidder
> Oct. 28 (Power Finance & Risk)
> Enron, which 12 months ago was the darling of the energy markets, has
> become increasingly vulnerable to a takeover bid following the recent
> collapse of its share price, according to bankers and analysts. Royal
> Dutch/Shell is one likely bidder, they say, noting that Enron's relatively
> modest market capitalization--down to $11.5 billion late last week from a
> high of more than $55 billion--means that Shell and other potential
> acquirers would have little trouble digesting it whole. Cerris Tavinor, a
> spokeswoman for Shell, declined to comment. Calls to Enron were not
> returned.
> An M&A banker in London says the Anglo-Dutch oil giant was rumored to have
> approached Enron unsuccessfully in August. An analyst in New York adds
> Shell has courted Enron for more than three years. "[Shell]'s downstream
> power business InterGen has not been as successful as it and its partner
> Bechtel hoped, especially in the U.S., and this would be a great fit," he
> continues.
> While many energy concerns would love to get their hands on Enron's hugely
> successful gas and electricity trading business, its forays into water,
> broadband and pulp and paper, might prove less attractive. Bidders may
> want to cherry pick the best parts of the business, reasons Peter Fusaro,
> president of Global Change Associates in New York. Still, he says "there
> is a distinct possibility that it could be bought outright."
> Another obstacle to any sale is believed to be CEO Kenneth Lay's
> unwillingness to sell the company at such a low stock price. Still, Lay
> has already given up the executive reins once, and at 61, he would
> probably be willing to sell if the premium was significantly rich, argues
> one New York based banker. Another adds that Lay will probably wait for
> the share price to recover before he would even consider talking to
> bidders.
> Bankers argue that potential bidders would be unwilling to ride roughshod
> over Lay's wishes through a hostile bid as most of Enron's value is tied
> up in intellectual capital. Hostile bidders run the risk that senior staff
> will jump ship, argues a London banker.
> Another obstacle to any bid is concern that Enron may have additional
> skeletons in its financial closet. Last week's stock market selloff was
> prompted by Enron unexpectedly writing off some $1.2 billion in equity
> resulting from the termination of contracts with a special purpose vehicle
> linked to Peter Fastow, cfo. Analysts fear that Enron may have to
> terminate similar contracts over the next quarters.
>


Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


I have finally reviewed the below.  Comments:

In the 2nd recital to begin and elsewhere where stated, we need to build in
flexibility for other ancillary equipment besides the ABB Transformers.

What do we do about selling the equipment for more or less than what's due
WestLB?  How will the money flow?  What accounting impact will this have?

Regards, Lisa

Roseann Engeldorf
08/15/2000 08:49 AM
To: Lisa Bills/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON
cc:

Subject: Revised Purchase Option Assignement and Assumption Agreement

See Rob's mark-ups attached - let me know if you have any comments.  I have
also sent them to Kay.

Rose
---------------------- Forwarded by Roseann Engeldorf/Corp/Enron on
08/15/2000 08:48 AM ---------------------------

"ROB TAYLOR" <TAYLR@andrews-kurth.com> on 08/14/2000 05:41:55 PM
To: <Roseann.Engeldorf@enron.com>, <toxley@winston.com>
cc:

Subject: Revised Purchase Option Assignement and Assumption Agreement

As I mentioned in my voice mail to Tim and as discussed with Rose, attached
are clean and marked (against the form of Exhibit attached to the S&S ADA)
drafts of the Purchase Option Assignment and Assumption Agreement.

Please let me know if you have any questions or comments regarding the
attached.

Regards,

Rob Taylor
Andrews & Kurth L.L.P.
Chase Tower
600 Travis Street
Suite 4200
Houston, Texas  77002

Tel:  (713) 220-4436
Fax:  (713) 238-7273

robtaylor@andrews-kurth.com

This e-mail (and any attachment(s) hereto) is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail (and any attachment(s) hereto) is strictly
prohibited.  If you have received this e-mail in error, please immediately
notify me at (713) 220-4436 and permanently delete the original and any copy
of such e-mail and destroy any printout of such e-mail.

 - AssignAs.DOC
 - Purchase.DOC


Tom/Tana,

Please review the attached list of counterparties for the power physical
option.  The new product type will be launched May 4.

Thanks.

 -----Original Message-----
From:  Alatorre, Carlos
Sent: Friday, May 18, 2001 4:15 PM
To: Sever, Stephanie
Cc: Lees, Lisa
Subject: Power Options: Customer Profiles

Stephanie:
As mentioned during our meeting, we will like to give execute access to all
customers which have access to US East Power Phy Fwd Firm (1071) if Legal or
Credit have a problem with that the attached list is the Top priority list
from the commercial group.
Please let me know if you have any questions/comments
Thanks for you help,
Carlos


Dear Jeff,

I just wanted to let you know that I thought your talk last night was inspirational.

I have been working in the San Francisco office for 2 years helping to permit sites for generating facilities.  During this time our team have had to endure more than our fair share of irrational and misinformed individuals.  One thing they didn't teach me at business school was how to educate people in a hostile and political environment while maintaining your dignity and humility.  Your example last night has certainly set a new personal standard for me to strive for.

Sincerely

Victor Browner


plz see attached file (plan forward rev1.doc).

plz consider this file and its contents to be a "work in progress."  this
will be our working tool for meeting this thurs at 9 a.m.

it includes:
 - action item list (referred to as plan forward).
 - per my notes, what enron is prepared to do in this deal.  note - mark
bernstein to provide more detailed listing.
 - per my notes, what enron is not prepared to do.  (same note as above).
 - listing of "scope" taken from my notes and file reading.  plz consider as
draft.  we have to agree on "baseline" before we can price.

looking forward to seeing you there.

(for ray danner - let's discuss your note re: benchmark vs. detailed estimate
and info requirements during planned meeting.  i agree with your concerns).

regards.  scott.


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/16/2001
04:55 PM ---------------------------

TeiglandL@sullcrom.com on 03/16/2001 04:48:12 PM
To: Sshackl@enron.com
cc: GilbergD@sullcrom.com
Subject: Revised guarantee

I added a sentence at the end of Section 1(a) which addresses Abrams' issue
of having 48 hours to pay as he and I discussed.  I checked w/ AYE and they
are happy to agree to accept this compromise.

 <<Exhibit A(vRED).DOC>>

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

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.

 - Exhibit A(vRED).DOC


You can send both, but I'd have folks keep it close to the vest.  Definitely
want to make sure that none of our stuff ends up in the hands of the media.

	Susan J Mara
	07/06/2001 12:52 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Bond Leg Language, etc.

Can I send this or the draft Sher bill to ARM members?

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/06/2001 10:51 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	07/05/2001 12:07 PM

		 To: Ann.Cohn@sce.com, kmccrea@sablaw.com, mkahl@ka-pow.com,
jdasovic@enron.com, wbooth@booth-law.com, drothrock@camfg.com,
smutny@iepa.com, brbarkovich@earthlink.net, dominic.dimare@calchamber.com,
isenberg@hmot.com, jstewart@cmta.net, mdjoseph@adamsbroadwell.com,
lga@mother.com, debinorton@aol.com, cra@calretailers.com,
derek.naten@roche.com, vjw@cleanpower.org, "John R. Redding (PS, NE)
(E-mail)" <john.redding@gene.GE.com>, "Mike Florio (E-mail)"
<mflorio@turn.org>
		 cc: (bcc: Susan J Mara/NA/Enron)
		 Subject: Bond Leg Language, etc.

Greetings:

Hope everyone had a pleasant 4th.

I've read the respective Burton and Hertzberg language on amending AB 1X.
The Burton language looks cleaner and simpler, though there may be reasons to
include some of the Hertzberg language, too.

I'm proposing to the group the following as potential amendments to the bond
bill.  I would appreciate your feedback.  The amendments would be as follows:

Customers who were on Direct Access when DWR started buying power (Jan.
17th?), and are still on Direct Access when the bill passes, should be exempt
from paying for the bonds.

In short, customers should not be forced to pay for power twice--once from
their ESP, and once from DWR.  Since these customers receive power services
from their ESP, they never consumed DWR power in the first place and it
wouldn't be fair to require them to pay for it.

Customers who have been utility customers since DWR started buying power but
subsequently switched to Direct Access should only pay for power provided by
DWR that they actually consumed, no more and no less.

For example, if a customer was a utility customer when DWR started buying
power but switched to Direct Access on May 1st, then the customer would only
be responsible for reimbursing DWR for power deliveries that took place from
Jan. 17th thru April 30th.

I believe that we agreed on these concepts during the negotiations that took
place over the past 4-5 weeks.  Or if we didn't explicitly agree during the
talks, they seem to be principles on which we ought to be able to agree
pretty easily now. And rather than leave the issue hanging, which can create
unnecessary and costly uncertainty for customers, I suggest that we include
very clear and simple legislative language in the bond bill clarifying what
customers' obligations are.  Your thoughts are appreciated.

In addition, we have talked quite a bit about providing customers with
incentives in the attempt to get California out of the energy hole that it
finds itself in.  Providing (20KW and above) customers with an incentive to
switch to Direct Access as soon as possible could 1) reduce the net short
position that the state (and ultimately consumers) have to finance, thereby
reducing spot purchases and price volatility,  2) reduce electricity
purchasing costs, and 3) reduce the burden on the state budget.

With this in mind, I'm also proposing that the group consider an amendment to
the bond bill that would exempt from bond charges any customer that switches
to Direct Access by September 1st.

Finally, it seems odd that the language directing the PUC to suspend Direct
Access is still in the bill.  If a dedicated rate component is created, that
seems to eliminate altogether the need to suspend Direct Access.  And if
that's the case, would it make sense to delete that language from the bill?

Look forward to your comments and working with you to get support for and
passage of the "core/noncore" proposal.

Best,
Jeff


Linda, I haven't looked at the pleading, but it should be fine if it is
simply a nonsuit with prejudice.  Thanks for your help on this.  MHC

	"Linda Broocks" <lbroocks@ogwb.com>
	05/15/2000 05:00 PM
	Please respond to lbroocks

		 To: "Michelle Cash" <michelle.cash@enron.com>
		 cc:
		 Subject: HAILE Motion for Nonsuit

Here are the draft motion for nonsuit and order for nonsuit with prejudice.
(As you will recall, Tom specifically requested that the nonsuit be with
prejudice).  If you approve, I will file these tomorrow and bring this
matter to a conclusion.
Thanks for you attention.
Linda
P.S.  I will be in the office all day tomorrow and can discuss the JAMS/AAA
issue at your convenience.

 - MtnNonSuit&.Order.wpd


Sorry this is so late in coming out.  I've had some problems with the
server but it should be A-OK now.  In addition to that, the last couple
of week's mail to the webmaster Daily-blessings account hasn't come thru
so if you have e-mailed in the last 2 weeks about something that needed
a reply I didn't get it!!  It's a-ok now too.  whew...i'll get this
webmaster stuff down sooner or later!!!

Daily-Blessing
http://www.daily-blessings.com/bless140.htm

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----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 11:11 AM -----

	Jennifer Rudolph@EES
	03/06/2001 10:11 AM

		 To: CA Team
		 cc:
		 Subject: NEWS: san diego 6.5 cent cap

*  SBX1 43 (Alpert) was passed out of the Senate Appropriations Committee
yesterday
*  This is the language that freezes all SDG&E customers at 6.5 cents/kWh
retroactive to Feb 7, 2001 until Dec 31, 2002

BILL STATUS REPORT
http://www.leginfo.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_43_bill_20010305_stat
us.html

BILL
http://www.leginfo.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_43_bill_20010301_amen
ded_sen.html


John,

I assume that you are working Marsha's values into our analysis of Southern
Co.'s rate from Zone .  The Southern Co./Sonat transportation contract has
the following discount rate.

 Term     Rate
 June 2004 - May 2007   .1973
 June 2007- May 2012   .2219 plus GDP not to exceed 3% in any year
 June 2012 - May 2017   GDP w/no cap not to exceed max rate of $.2663

Max Rate from Zone 1 to 2 is $8.10 or $.2663 which would be the absolute cap
unless Sonat raised rates during the term of the Southern Co/Sonat contract.

When are we going to meet tomorrow to go over this?  I'm open in the morning
if ok with you and Breese.

---------------------- Forwarded by Phil DeMoes/Corp/Enron on 12/13/2000
01:23 PM ---------------------------

	From:  Marsha Francis                           12/07/2000 01:38 PM

To: Phil DeMoes/Corp/Enron@ENRON
cc:

Subject: US GDP Deflator 12/06/00

Phil,

Attached is the GDP curve. Let me know if there is anything you need me to do
as far as incorporating this into a model.

Marsha
---------------------- Forwarded by Marsha Francis/Corp/Enron on 12/07/2000
01:34 PM ---------------------------
   Maureen Raymond                12/07/2000 09:51 AM

Sent by: Yana Kristal
To: Marsha Francis/Corp/Enron@Enron
cc:
Subject: US GDP Deflator 12/06/00

Attached is the US GDP deflator forecast dated 12/06/00.

Regards,
Yana Kristal for
Maureen Raymond- Castaneda


Do you know where the Texas Exes watch the games in London?  It might be kind
of fun to watch the OU game somewhere...even if just for a bit of it.  Just a
thought.


Mark:  I am mobilizing my team to make this work for this year!   I agree
that we should move on it for this holiday season...Laura Schwartz, our PR
manager, is talking with KRBE about their interest and how to make it
happen.  Charla Reese on my team has also contacted the Cycling Club to see
if they are interested in doing a drive.  I am happy to send you our Matching
Gift form and our VIP (Volunteer Incentive Program) form for you to
complete.  Misha Siegel can answer any questions about Matching Gifts and VIP.

Would you like to continue to get updates as we move forward on this instead
of a formal meeting - its your call - just let me know and I am happy to set
one up.  My suggestion is that we wait to hear from KRBE and then we meet
with Joann from BEAR to talk about implementation.

Elyse
30565

From: Mark E Haedicke@ECT on 11/07/2000 05:42 PM
To: Elyse Kalmans/Corp/Enron@ENRON
cc:

Subject: Re: BEAR

Elyse:

I like the first one a lot.  Could we do it for this Christmas?  I would hate
to wait a whole year.  I also think the last one is a good idea.  Let me know
what I can do to help.

Mark

	Elyse Kalmans@ENRON
	11/07/2000 04:10 PM

		 To: Cindy Olson/Corp/Enron@ENRON, Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: BEAR

Cindy and Mark:  The Community Relations team has brainstormed ways to
support BEAR during the holiday season, specifically with their bike drive.
One note,  Enron already adopts an entire needy Elementary School for the
holiday seaso, and our employees adopt each child in the school by donating
money, etc. to provide supplies and clothing for the children, so I am a bit
concerned about another big employee drive during the holidays.

However, we have a number of ideas that I will share below, knowing that it
may take some time to schedule a meeting for the three of us:

1.  Partner with 104 KRBE to promote a Bike Drive in partnership with Sun &
Ski Sports (one of KRBE's sponsors).  Enron could pay for the advertising
dollars and Sun & Ski could get shoppers to make donations toward buying
bikes.  Laura Schwartz is exploring KRBE's appetite for something like this.

2.  BEAR/CPS table at our December 1 Big E Cafe which highlights ways for
employees can get involved throughout the community during the holidays.
BEAR could use the opportunity to ask for donations as well as offer
volunteer opportunities.

3.  Partner with the Enron Cycling Club to donate bikes - leverage their
connections with local bike stores.  These employees might be more likely to
want to donate.

2.  Utilize Matching Dollars (up to $15,000 per employee annually) if Mark or
other employees are interested in contributing.  Additionally, if Mark or
other employees volunteer with BEAR, using VIP dollars (up to $2500) to pay
for bikes.

Please let me know your thoughts, so that we can pursue some of these
opportunities.

Elyse


I got a call from my buddy Mike Mulligan with Paribas in NY last night asking me to see if I can't check with you on the status of the guaranty he is trying to get in place with Enron Metals Limited.  He says he has been trying to get this in place with London for some time.  Is there some particular problem holding up this guaranty?  Is there anthing I can do to faciliate getting this guaranty to Paribas?  Please let me know...


For those newcomers (and a reminder to the old timers),  there is a
departmental scanner is in cubicle no EB3884 which is adjacent from my
cubicle.  It has a good OCR progam, OmniPage Pro 10, for text scanning.
Please feel free to utilize the equipment and if you need assistance  feel
free to contact me--I'm right next door.

Best regards,
Taffy Milligan  X57373


Spoke with Kolodgie. Arcordia is run out of London. will get something set up for NYC.


Start Date: 4/27/01; HourAhead hour: 4;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042704.txt


Kay:

Paul Hastings called today regarding the status of Enron's original
signature pages.  Have these been forwarded to their office?  The reason I
ask is that Paul Hastings would like to send out original sets to each
party.  Let me know.

Regards,

Marisa
-----Original Message-----
From: Wright, Tremaine S. [mailto:TremaineWright@paulhastings.com]
Sent: Monday, April 30, 2001 3:34 PM
To: 'kay.mann@enron.com'
Cc: 'jkeffer@kslaw.com'; 'mreuter@kslaw.com'; Kahn, Marguerite R.; DeBerry,
Jeremiah A.
Subject: Signature Pages

Dear Kay,

As of this afternoon, we have not received Enron's original signature pages
for the Letter Agreement and Guaranty.  Have these been forwarded to our
office?  If so, please advise as to how they were sent and the expected date
of delivery; if not, please let me know when you will be able to send them.

Thanks,
Tremaine Wright

"paulhastings.com" made the following annotations on 04/30/01 16:33:47
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