Cheryl:  Where do we stand on the ECT Credit Inc. three (3) accounts?

Richard:  Do you have the proposed U.S. slate for Teresa?  We do not know who
you want as officers/directors.

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 03/20/2001 02:05 PM -----

	Teresa Callahan/ENRON@enronXgate
	03/20/2001 01:59 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Richard Sage/LON/ECT@ECT
		 Subject: FW: Transfer of bond business from ENAC to ECI

Please let me know if this request should be directed to someone else's
attention or if documents have already been prepared regarding changes that
Mr. Sage requested.  Thanks for your help with this matter. Teresa

 -----Original Message-----
From:  Callahan, Teresa
Sent: 03/13/2001 8:58 AM
To: Shackleton, Sara
Subject: FW: Transfer of bond business from ENAC to ECI
Importance: High

Richard Sage has asked us to change the slate of directors and officers of
this entity to U.S. people, with the exception that perhaps Richard Sage will
retain an officer title.   Will you please provide to me a list of who the
directors will be and who the officers will be and their respective titles.
My understanding is that these elections should take place effective March 5,
2001.  Please advise or if you would like to discuss please call me at
X58444.  Thanks for your assistance.  Teresa

 -----Original Message-----
From:  Thomas, Kathryn
Sent: 03/13/2001 6:12 AM
To: Callahan, Teresa
Cc: Sage, Richard
Subject: RE: Transfer of bond business from ENAC to ECI

Teresa,

Both Richard and Bryan signed the letters on 5th March.   If you need any
other information regarding these then your best bet would be to contact
Simon Pook.

Thxs

Kath
---------------------- Forwarded by Kathryn Thomas/LON/ECT on 13/03/2001
12:10 ---------------------------

Richard Sage
13/03/2001 11:22
To: Kathryn Thomas/LON/ECT@ECT
cc:

Subject: RE: Transfer of bond business from ENAC to ECI

Can you make sure Teresa gets a date.

Kathryn Thomas
13/03/2001 09:46
To: Richard Sage/LON/ECT@ECT
cc:

Subject: RE: Transfer of bond business from ENAC to ECI

Sorry no.   I gave them back to Simon Pook.    Do you want me to contact
him?

---------------------- Forwarded by Richard Sage/LON/ECT on 12/03/2001 19:24
---------------------------
From: Teresa Callahan/ENRON@enronXgate on 12/03/2001 13:20 CST
To: Richard Sage/LON/ECT@ECT
cc: Sue Kelly/LON/ECT@ECT

Subject: RE: Transfer of bond business from ENAC to ECI

Can you tell me what date is on the resignation letters.  Thanks,  Teresa

 -----Original Message-----
From:  Sage, Richard
Sent: 03/12/2001 11:57 AM
To: Callahan, Teresa
Cc: Kelly, Sue
Subject: RE: Transfer of bond business from ENAC to ECI

Yes, Bryan and I have already signed resignation letters for Sue.

Thanks,
Richard

From: Teresa Callahan/ENRON@enronXgate on 12/03/2001 08:22 CST
To: "Sage, Richard"
<IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=875D24F9-A137C059-862565
F6-3FCB7D@ENRON.com>@SMTP@enronXgate
cc:

Subject: RE: Transfer of bond business from ENAC to ECI

Richard:  I am touching base with you regarding the change of officers and
directors to US resident - Are we ready to do this yet?

 -----Original Message-----
From:  Sage, Richard
[mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=875D24F9-A137C059
-862565F6-3FCB7D@ENRON.com]
Sent: 02/18/2001 9:07 PM
To: Glover, Sheila; Doukas, Tom; Wall, David; Sloman, Ian; Shackleton, Sara;
Kerr, Richard; Panus, Stephanie; Callahan, Teresa; Kelly, Sue; Bell, Stephen
Cc: O'Connell, Denis
Subject: Transfer of bond business from ENAC to ECI

All,
So that everyone can see what everone else is doing, below is the list of
steps of which I am aware.
I think quite a few of these were completed in Houston on Friday.
Please shout if:
- I have missed anything
- Any deadlines are unrealistic
- Anybody else should be copied in
etc

Thanks,
Richard

 << OLE Object: Picture (Metafile) >>


Mark:

Although it's oftentimes difficult to quantify or establish a cause and
effect relationship between PR and Enron's bottom line, the contributions
that the PR Houston team made in mitigating the effects of the largest oil
spill in Bolivia's history might be an exception to the rule.  As you know,
Transredes experienced two oil spills that were classified as crises:  a 29
thousand barrel spill in January (Desaguadero) and a smaller one (Chorety)
this past July.  In both instances, PR staff from Houston were dispatched to
Bolivia to develop an lead a  crisis communication plan.

The January crisis garnered enormous daily coverage and attention throughout
the country and region. Under Dennis' leadership, an ambitious
communication's plan was designed and implemented to mitigate the spill's
repercussions in the international media and NGO community.  The failure to
manage expectations was critical considering we were also building the Cuiaba
pipeline at the same time. During this period, the Enron Stcok price
continued to grow from somewhere in the 50's to the 70's. Had the team failed
to communicate effectively to all constituents, this could have adversely
affected our brand and stock price--since the media and international NGO's
were tracking our daily performance.   The ability to engage, counsel and
coordinate across the business groups and organizations had a significant
result on our ability to execute our plan.  Dennis was recognized by Shell,
our partner in Transedres, for his leadership and personal commitment to the
process during the January spill.  I played a similar role with the second
crisis, which was far less significant than the first one--though it had the
potential to become damaging.  During this whole period NGO's have tried to
undermine our financing efforts at OPIC and the Inter-American Development
Bank, so failure to live up to our enviormental and humanitarian commitments
could have been disasterous.

Hopefully, you'll find this useful.

Keith


Glencore Ltd is not authorized to trade US power.

Leslie


Note: forwarded message attached.

__________________________________________________
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==================================================================
         T  H  E     T  O  P     F  I  V  E     L  I  S  T
                      Rest In Peace, Joey R.
==================================================================

  Today's Classic Top5:  Songs if the Artists Re-Made Them Today
         Read it on our website:  http://www.topfive.com
         To subscribe:  Top5Classic-subscribe@topica.com

                          April 17, 2001

                         NOTE FROM CHRIS:

         Rapper Sean Combs recently announced that he no
       longer wants to be known as "Puffy" or "Puff Daddy,"
           preferring instead to be called "P. Diddy."

             The Top 12 Signs a Rapper Has Gone Nuts

12> Stopped wearing a sideways baseball cap, and started wearing
    a tin-foil Napoleon hat.

11> Asks the press and to call him "G. Dubya."

10> Shows up at his next concert wearing a Catholic schoolgirl
    dress and raps about the cruelty of living under "Da Momma
    Supe."

 9> "All work 'n' no play makez Ice Tray a dull bo-weee.
     All work 'n' no play makez Ice Tray a dull bo-weee.
     All work 'n' no play makez Ice Tray a dull bo-weee..."

 8> His new video features him prancing around in a Dorothy
    outfit singing, "Ding, dong, the wi-otch is dead."

 7> Now wants to be known as "The Rapper Formerly Known As
    Simpering Girly Pee-Boy."

 6> Overheard telling Jennifer Lopez, "Quit shaking that thing
    in my face, and go put some clothes on already!"

 5> Wears his white do-rag after Labor Day.

 4> Produces double album of nothin' but songs about Madeleine
    Albright's ass.

 3> On election day, announced he's switching party affiliation
    to West Coast.

 2> "Help the po-lice, 'cuz it's nice when they're around.
    We need 'em cuz they protect our town."

    and Topfive.com's Number 1 Sign a Rapper Has Gone Nuts...

 1> "The wheels on the bus go 'round and 'round!  Woah!  Yeah!"

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Has FPL been added to my binder?

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Tuesday, January 22, 2002 4:10 PM
To:	EWS-CCT
Cc:	Aronowitz, Alan
Subject:	Master Netting Agreements

Edward,

Attached is 4th part.  This is the final part.

By receipt of this transmission, you are now in possession of all the electonic/pdf formatted Master Netting Agreements, which were included in the binder delivered to Raj last week.

One note of clarification -- I have provided the electronic/pdf version of the Florida Power & Light Company agreement.  However, at the time the binder was delivered this agreement had not come my way; therefore, it is not included in the current binder is scheduled to be included a supplemental binder.

Please advise if I may be of further assistance.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com


Stephanie,

I am going to be joining the Northeast Power Group trading the Northeast Hourly Night book.  I've requested a copy of Enron Online through E-request and need a user ID and password.  Brian from the helpdesk said that you would be able to set me up with this.  I appreciate your help.

Regards,
Brian Terp


Phone with questions.  Co-ordinate with Carmel Burke (Fin Ops) if you still
wish to phone in for the meeting.
---------------------- Forwarded by Steve W Young/LON/ECT on 11/12/2000 18:48
---------------------------

Carmel Burke
06/12/2000 15:18
To: Steve W Young/LON/ECT@ECT
cc: Stephen Wood/LON/ECT@ECT, Duncan Webster/LON/ECT@ECT

Subject: RAC final pack

Hi Steve,

I am attaching the final version of your 2001 plan so that you get a chance
to review it before our meeting on Monday.

The new pack reflects any changes that were discussed at our last meeting,
namely  a reduction in training courses to 2 per person and an increase in
economy versus business flights .

I have also revisited the 2000 forecast and adjusted where necessary to
reflect most recent running rates. I have  changed the 2000 headcount figures
to reflect November actuals and have assumed no new starters in December so
if this is inaccurate I will need to amend here.

You will need to view the "direct" and "rsc" sheets to see the information.

Let me know if you have any problems.

Many Thanks

Carmel


Just thought I would drop everyone a note to let them know that my
wife(Heather),,,,, is Pregnant!!!!!!!...... We've known for a while, but
decided to wait till after the first tri-mester to tell..... We are both VERY
excited!    She is due mid October....Also,  we just purchased a house.....
our new address is:

Mike & Heather Carson
4114 Riley
Houston, TX 77005

giddy up!

MC


At this time it does not appear that we use the power curves listed below.

Rika

 -----Original Message-----
From: 	Grace, Rebecca M.
Sent:	Wednesday, January 16, 2002 10:58 AM
To:	White, Stacey W.; Imai, Rika; Will, Lloyd; Baughman Jr., Don; Bentley, Corry; Reeves, Leslie; Theriot, Kim S.
Cc:	Lee, Norman; Allen, Thresa A.
Subject:	RE: Business Applications\Power Curves

To my knowledge, East Volume Management does not use any of these applications.

Rebecca

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Wednesday, January 16, 2002 10:53 AM
To:	Imai, Rika; Will, Lloyd; Baughman Jr., Don; Bentley, Corry; Grace, Rebecca M.; Reeves, Leslie; Theriot, Kim S.
Cc:	Lee, Norman
Subject:	FW: Business Applications\Power Curves

Can you all verify that you do or do not use the applications listed below as soon as possible.  We are in the process of moving or discarding applications to move to the NETCO environment and are unaware of who uses the following applications.

Thanks,
Stacey

 -----Original Message-----
From: 	Lee, Norman
Sent:	Wednesday, January 16, 2002 10:47 AM
To:	White, Stacey W.; Evans, Casey; Vinson, Donald Wayne
Subject:	FW: Business Applications\Power Curves

Dear All,

	Do you know any of the following applications? What they are used for and who uses them?

	Thanks,

Norman.

 -----Original Message-----
From: 	Nommensen, Dave
Sent:	Monday, January  14, 2002 10:31 AM
To:	Larkin, Brian
Cc:	Lee, Norman; Balasundaram, Arun
Subject:	Business Applications\Power Curves

Brian,

Could you provide me the userids that have access to these apps.  We do not recognize them and need to find out if anybody is still running them.

Thanks, d.n.

Start\Programs\Business Applications\Power Curves
Curve Comparison
Curve Scalar
Power-Curve East
Power-Curve PJM
Power-Curve West


---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
08:59 AM ---------------------------

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           02/09/2001 08:38 AM

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

FYI - SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 02/09/2001
08:39 AM ---------------------------

"Jauregui, Robert M" <RMJ4@pge.com> on 02/08/2001 07:55:44 PM
To: "'taylorja2@bp.com'" <taylorja2@bp.com>, "'mcclankg@bp.com'"
<mcclankg@bp.com>, "'sdba@dynegy.com'" <sdba@dynegy.com>, "'njwa@dynegy.com'"
<njwa@dynegy.com>, "'pete.j.pavluk@dynegy.com'"  <pete.j.pavluk@dynegy.com>,
"'chuck.watson@dynegy.com'"  <chuck.watson@dynegy.com>,
"'pwarden@pillsburywinthrop.com'"  <pwarden@pillsburywinthrop.com>,
"'repling@pillsburywinthrop.com'"  <repling@pillsburywinthrop.com>,
"'mmce@dynegy.com'" <mmce@dynegy.com>, "'swbe@dynegy.com'" <swbe@dynegy.com>,
"'bcli@dynegy.com'"  <bcli@dynegy.com>, "'singleton.greg@epenergy.com'"
<singleton.greg@epenergy.com>, "'hoferc@epenergy.com'"
<hoferc@epenergy.com>, "'smithc@epenergy.com'" <smithc@epenergy.com>,
"'WiseW@epenergy.com'" <WiseW@epenergy.com>, "'jonesg@epenergy.com'"
<jonesg@epenergy.com>, "'colliw@texaco.com'" <colliw@texaco.com>,
"'benewm@texaco.com'" <benewm@texaco.com>, "'underga@texaco.com'"
<underga@texaco.com>, "'hans@cook-inlet.com'" <hans@cook-inlet.com>,
"'prez@cook-inlet.com'" <prez@cook-inlet.com>, "'davidyi@cook-inlet.com'"
<davidyi@cook-inlet.com>, "'dronn@mayerbrown.com'"  <dronn@mayerbrown.com>,
"'swidner@coral-energy.com'"  <swidner@coral-energy.com>,
"'blong@coral-energy.com'"  <blong@coral-energy.com>,
"'ctise@coral-energy.com'"  <ctise@coral-energy.com>,
"'jeff.skilling@enron.com'"  <jeff.skilling@enron.com>,
"'william.s.bradford@enron.com'"  <william.s.bradford@enron.com>,
"'travis.mccullough@enron.com'"  <travis.mccullough@enron.com>,
"'ICCEnergy@aol.com'" <ICCEnergy@aol.com>, "'stefkatz@cs.com'"
<stefkatz@cs.com>, "'msessa@sempratrading.com'"  <msessa@sempratrading.com>,
"'dfelsinger@sempra.com'"  <dfelsinger@sempra.com>, "'mcosta@stroock.com'"
<mcosta@stroock.com>, "'jshorter@txuenergy.com'" <jshorter@txuenergy.com>,
"'mperkins2@txuelectric.com'" <mperkins2@txuelectric.com>,
"'cenochs@txuenergy.com'" <cenochs@txuenergy.com>,
"'bjeffrie@westerngas.com'" <bjeffrie@westerngas.com>,
"'ryanmcgeachie@aec.ca'" <ryanmcgeachie@aec.ca>, "'richarddaniel@aec.ca'"
<richarddaniel@aec.ca>, "'jones.murphy@williams.com'"
<jones.murphy@williams.com>, "'randall.o'neal@williams.com'"
<randall.o'neal@williams.com>, "'kelly.knowlton@williams.com'"
<kelly.knowlton@williams.com>, "'connie.turner@williams.com'"
<connie.turner@williams.com>, "'scampbell@txuenergy.com'"
<scampbell@txuenergy.com>, "'ilydiatt@altra.com'" <ilydiatt@altra.com>,
"'dkohler@br-inc.com'" <dkohler@br-inc.com>, "'Reason@br-inc.com'"
<Reason@br-inc.com>, "'sallen@duke-energy.com'" <sallen@duke-energy.com>,
"'rsbaker@duke-energy.com'" <rsbaker@duke-energy.com>,
"'richard.ruzika@gs.com'" <richard.ruzika@gs.com>,
"'steve.brown@southernenergy.com'" <steve.brown@southernenergy.com>,
"'kenny.foo@ngx.com'" <kenny.foo@ngx.com>, "'tgary@pcenergy.com'"
<tgary@pcenergy.com>, "'bredd@pcenergy.com'" <bredd@pcenergy.com>,
"'harry_wijsman@pcp.ca'" <harry_wijsman@pcp.ca>, "'celias@pcenergy.com'"
<celias@pcenergy.com>, "'Hal-Borlan@reliantenergy.Com'"
<Hal-Borlan@reliantenergy.Com>, "'priscilla-massey@reliantenergy.com'"
<priscilla-massey@reliantenergy.Com>, "'llittle@reliantenergy.com'"
<llittle@reliantenergy.Com>, "'gary-lamb@transcanada.com'"
<gary-lamb@transcanada.com>, "'larry-desmeules@coastenergy.com'"
<larry-desmeules@coastenergy.com>, "'five5wood@aol.com'"
<five5wood@aol.com>, "'don.fishbeck@cmenergy.com'"
<don.fishbeck@cmenergy.com>, "'randy.harrison@southernenergy.com'"
<randy.harrison@southernenergy.com>, "'john.krill@engageenergy.com'"
<john.krill@engageenergy.com>, "'glen.mackey@energy.com'"
<glen.mackey@energy.com>, "'doug.rabey@energy.com'"  <doug.rabey@energy.com>,
"'michael_huse@transcanada.com'"  <michael_huse@transcanada.com>
cc: "'jlopes@hrice.com'" <jlopes@hrice.com>, "'jnexon@hrice.com'"
<jnexon@hrice.com>, "Buchsbaum, Craig M (Corp)"
<craig.buchsbaum@pge-corp.com>, "Whelan, Steve (Corp)"
<steve.whelan@pge-corp.com>, "Lee, Fanny" <FSL1@pge.com>, "Berkovitz, Trista"
<TxB6@pge.com>, "Clare, David" <DWC3@pge.com>, "Woo, Shirley A (Law)"
<SAW0@pge.com>, "McLafferty, Daniel"  <MDM8@pge.com>, "Cotroneo, Eileen"
<EFM2@pge.com>, "'dmao@orrick.com'"  <dmao@orrick.com>, "Litteneker, Randall
(Law)" <RJL9@pge.com>, "Gee, Dennis" <DLG3@pge.com>, "Welch, Ray"
<RXWc@pge.com>

Subject: URG:  Gas Securitization Agreements

I am pleased to report that, as 2/8/01, 4:00pm PST, PG&E has executed the
gas supplier security agreement and the intercreditor agreement with the
following suppliers:

* BP Energy Company
* Dynegy Canada Marketing & Trade, A Division of DCI
* Dynegy Marketing & Trade
* El Paso Merchant Energy, L.P.
* Texaco Canada
* Texaco Natural Gas
* TXU Energy Trading Canada Limited
* TXU Energy Trading Company
* Williams Energy Marketing & Trading Co. (US & Canada)

As you know, other suppliers are not precluded from future participation (we
highly encourage it) however, we will now require completion of Exhibit B
(Supplier Joinder Agreement) as outlined in 8.(j).  I would greatly
appreciate your replying to this email to let us know whether you intend to
be a party to these agreements at this time.

Please call if you have any questions.

Please forward all correspondence to:

Trista Berkovitz
Director, Gas Procurement
Pacific Gas and Electric Company
77 Beale Street, Room 553
San Francisco, CA  94105-1814
415. 973.2152 (bus)
415.973.9213 (fax)

NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE INTENDED RECIPIENT
OF THE TRANSMISSION, AND MAY BE A COMMUNICATION PRIVILEGED BY LAW.  IF YOU
RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, DISTRIBUTION,
OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED.  PLEASE NOTIFY US
IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE
FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.


Kam,
The book-id itself can be any name as long it is a unique name. The -PRC or -IDX suffixes were added as a convinience so that the risk type can be identified by looking at the book-id. The book-type or risk-type code against the book-id in RisktRAC will define the risk type and the system does not depend on the name of the book-id to identify the risk type.

Regards,
Ramesh

 -----Original Message-----
From: 	Champion, Andrew
Sent:	Wednesday, January 09, 2002 12:51 PM
To:	Ramesh, Ganapathy
Subject:	FW: Revised Book Entry template

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, January 09, 2002 11:38 AM
To:	Champion, Andrew
Subject:	RE: Revised Book Entry template

Andrew,

I have one question about this form.  Does the book id mean the name exactly as it appears in tagg or is it the risktrac name (attaching the risk type to the end),
ex. FB-FINANCIAL-PRC

Thanks

Kam
x3-5781

 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Wednesday, January 09, 2002 10:36 AM
To:	Keiser, Kam; McLaughlin Jr., Errol
Subject:	FW: Revised Book Entry template

 -----Original Message-----
From: 	Brackett, Debbie R.
Sent:	Tuesday, January 08, 2002 3:06 PM
To:	Gossett, Jeffrey C.; White, Stacey W.
Subject:	FW: Revised Book Entry template

 -----Original Message-----
From: 	Champion, Andrew
Sent:	Tuesday, January 08, 2002 11:47 AM
To:	Brackett, Debbie R.
Cc:	Ramesh, Ganapathy
Subject:	Revised Book Entry template

Debbie, here's the updated Book Entry template.  Added a few dropdowns and "helpful entry tips".  Thanks.

 << File: bookentrytemplate2.xls >>


Melissa,

Those numbers are all inclusive for the wellhead portfolio.  Sharp's number
is embedded within those.  His number is estimated at approx $170,000/mo.
I will follow up with these specific details.

Eric
---------------------- Forwarded by Eric Bass/HOU/ECT on 04/07/2000 02:45 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           04/07/2000 02:00 PM

To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: Re: Wellhead Accrual Income

Melissa,

Here are the accrual values for Q1.  More details to follow.

Jan - $266,504
Feb- $289,305
Mar - $292,145

Eric

	Enron North America Corp.

	From:  Melissa Graves                           04/07/2000 01:51 PM

To: Eric Bass/HOU/ECT@ECT
cc: George Weissman/HOU/ECT@ECT, Gregory L Sharp/HOU/ECT@ECT
Subject: Wellhead Accrual Income

Eric,

Per Greg Sharp, he and Tom Martin discussed the Wellhead Accrual Income
numbers today, and Effective Q1 2000, Greg will begin recognizing this
accrual income in his financials.

It is my understanding that the new Wellhead Portfolio in Sitara assists you
in calculating this monthly number (which is estimated at $170,000 per
month).  Could you please provide the detail behind this calculation, or if
this data is pulled directly from Sitara, George and I could meet with you to
become familiar with this data extraction process.

Thank you,
Melissa
X39173


Gerald,

Thank you for the language and the short turn around you provided.  This is a great help.

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Friday, September 14, 2001 12:03 PM
To:	Thorne, Judy; Grass, John; Ferries, Nelson
Cc:	Wallumrod, Ellen
Subject:	Keep Whole Language for Mariner

Attached is the revised Keep Whole Language.  I assume this language would completely replace the Variance langauge that we currently insert in our GTCs and any Replacement Price Differential Language in our Pooling Point and Wellhead GTCs.  I.e. this will be the only measure of damages for these deals.  If this is not correct, let's discuss.

Ellen,  This language would be the same language use for the W&T Offshore and Spinaker deals.  Is this correct Nelson?

Please review before sending out to make sure I have correctly captured your business deal.

 << File: KeepWhole.doc >>


THE LIGHTHOUSE
"Enlightening Ideas for Public Policy..."
Vol. 3, Issue 43
October 29, 2001

Welcome to The Lighthouse, the e-mail newsletter of The Independent
Institute, the non-politicized, public policy research organization
<http://www.independent.org>. We provide you with updates of the
Institute's current research publications, events and media programs.

Do you know someone who would enjoy THE LIGHTHOUSE? Please forward
this message to a friend. If they like it, they can add themselves to
the list at http://www.independent.org/tii/lighthouse/Lighthouse.html.

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

IN THIS WEEK'S ISSUE:
1. Anthrax Panic Hijacks Pharmaceutical Industry
2. If Environmentalists Owned the Alaskan Oil Fields...
3. Growing Recognition of a Growing Government

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

ANTHRAX PANIC HIJACKS PHARMACEUTICAL INDUSTRY

The Bush administration's recent "success" in securing low prices
from Bayer AG, the German drug manufacturer, for Cipro, its
anti-anthrax antibiotic, will ultimately reduce rather than protect
the health of Americans, according to a new op-ed by economists
Michael Reksulak and William F. Shughart, a research fellow at The
Independent Institute.

Bayer agreed to slash its prices to the U.S. only because of strong
intimidation by the federal government. Some in Congress have called
for the U.S. government to override Bayer's patent protection for
Cipro, which expires in 2003, unless Bayer reduces the price of Cipro.

Patent protection is especially important in the pharmaceutical
industry, because it helps ensure that a company can recover its
massive outlays for research and development, as well as make up for
the delays and uncertainties associated with the FDA approval process.

But "letting the 'anthrax scare'... break this link between up-front
investments and future profits reduces the expected returns to R&D
and greatly increases the uncertainty of the whole drug development
system," Reksulak and Shughart write.

"An increase in the number of companies permitted to produce Cipro
now -- or forced reductions in the antibiotics' price -- means that
fewer new drugs will be produced in the next 10 to 20 years than
would have otherwise been the case. Already willing to sell drugs to
governments at steep discounts, drug makers now have to worry that
they may be bullied into accepting even lower returns or face the
loss of patent protection altogether."

By threatening private property rights and undermining the rule of
law, the U.S. government's shakedown of Bayer, Reksulak and Shughart
conclude, "are far more damaging than any single terrorist attack has
ever been."

See "Political Panic Trumps Terrorist Tragedy," by Michael Reksulak
and William F. Shughart II, at
http://www.independent.org/tii/lighthouse/LHLink3-43-1.html.

For more on drug prices, see "Drug Price Controls: A 'Cure' Worse
Than the Disease," by Alex Tabarrok, at
http://www.independent.org/tii/lighthouse/LHLink3-43-2.html.

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

IF ENVIRONMENTALISTS OWNED THE ALASKAN OIL FIELDS...

Legislation that would permit oil exploration in Alaska's Arctic
National Wildlife Refuge (ANWR) may soon reach the president's desk.
(U.S. Senate Majority Leader, Tom Daschle, says he will allow the
bill to go to a floor vote when there are 60 senators who support it.)

In response, many environmental groups, most notably the Audubon
Society, have renewed their strong opposition to drilling in the
ANWR. Ironically, however, if environmentalists owned ANWR, they
would probably allow drilling, using the proceeds to help promote
their conservation elsewhere, according to Dwight R. Lee, writing in
the fall 2001 issue of THE INDEPENDENT REVIEW.

"Consider what an environmental group would do if it owned ANWR and
therefore bore the costs as well as enjoyed the benefits of
preventing drilling," writes Lee.

In fact, the Audubon Society does allow oil drilling on an oil field
it owns, the 26,000-acre Rainey Wildlife Sanctuary in Louisiana.

"The willingness of environmental groups such as the Audubon Society
to allow drilling for oil on environmentally sensitive land they own
suggests strongly that their adamant verbal opposition to drilling in
ANWR is a poor reflection of what they would do if they owned even a
small fraction of the ANWR territory containing oil."

If environmentalists owned ANWR, "they might easily conclude that
although ANWR is an 'environmental treasure,' other environmental
treasures in other parts of the country (or the world) are more
valuable. Moreover, with just a portion of the petroleum value of the
ANWR, efforts might be made to reduce the risk to other natural
habitats, more than compensating for the risks to the Arctic
wilderness associated with recovering that value."

This is not, Lee emphasizes, a recommendation to give ANWR to
environmental groups. Rather, it is a call to recognize that economic
incentives matter -- even to environmental groups. An environmental
group that refuses to put its money where its mouth is, is free to
clamor for locking up resources -- it bears no direct cost for
prohibition. One that owns resources, however, faces the reality that
wise resource ownership entails the balancing of priorities.
Unfortunately, it is the former type of environmental group has
tended to prevail.

See "To Drill or not to Drill? Let the Environmentalists Decide," by
Dwight R. Lee (THE INDEPENDENT REVIEW, Fall 2001), at
http://www.independent.org/tii/lighthouse/LHLink3-43-3.html.

Also see, "The Commons: Tragedy or Triumph?" by Bruce Yandle (THE
FREEMAN, April 1999), at
http://www.independent.org/tii/lighthouse/LHLink3-43-4.html.

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

GROWING RECOGNITION OF A GROWING GOVERNMENT

The irony that an administration that had trumpeted small government
and reliance on market forces now backs numerous significant
government interventions -- including huge subsidies to businesses,
IMF and World Bank funding to new allies, and far-reaching
"anti-terrorism" legislation that has civil libertarians up in arms
-- has not been lost on the national press.

In a recent article in the NEW YORK TIMES, reporter Richard W.
Stevenson reports that after years of wrangling between Republicans
and Democrats over the size and scope of the federal government, "the
two parties are more or less united now in the view that a strong
federal government with expansive powers is vital for the time being."

"Scholars say the expansion in the size and powers of the federal
government in response to the terrorist attacks is similar to what
has happened in past wars and crises," the article continues.

"'We are rushing very quickly to throw overboard announced positions
about government assistance to private enterprise, about
surveillance, about security measures of various kinds that intrude
on our liberties,' said Robert Higgs, the author of CRISIS AND
LEVIATHAN: Critical Episodes in the Growth of American Government.
'In that respect, this episode mirrors the great national emergencies
of our past,' Mr. Higgs said."

If, as President Bush implored the country, we must not let the
September 11 terrorist attacks change our way of life, we must resist
the impulses that have enlarged the federal government -- thus
reducing American's political and economic liberties -- every time
the nation has seen a national crisis.

Fortunately, as pop psychologists tell us, recognizing a problem is
half the challenge in correcting it. Unfortunately, special interest
groups will work to keep Americans in denial.

See "Reconciling the Demands of War and the Market," by Richard W.
Stevenson (NEW YORK TIMES, 10/28/01), at
http://www.nytimes.com/2001/10/28/national/28ECON.html?ex=1005313185&ei=1&en=0a21168260e411b1.

For an excellent case study in the growth of government, see "War and
Leviathan in Twentieth-Century America: Conscription as the
Keystone," by Robert Higgs, at
http://www.independent.org/tii/lighthouse/LHLink3-43-6.html.

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

THE LIGHTHOUSE, edited by Carl P. Close, is made possible by the
generous contributions of supporters of The Independent Institute. If
you enjoy THE LIGHTHOUSE, please consider making a donation to The
Independent Institute. For details on the Independent Associate
Membership program, see
http://www.independent.org/tii/lighthouse/LHLink3-43-7.html or
contact Mr. Rod Martin by phone at 510-632-1366 x114, fax to
510-568-6040, email to <RMartin@independent.org>, or snail mail to
The Independent Institute, 100 Swan Way, Oakland, CA 94621-1428. All
contributions are tax-deductible.  Thank you!

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

For previous issues of THE LIGHTHOUSE, see
http://www.independent.org/tii/lighthouse/LHLink3-43-8.html.

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

For information on books and other publications from The Independent
Institute, see
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To subscribe (or unsubscribe) to The Lighthouse, please go to
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-------------------------------------------------------------

THE LIGHTHOUSE
ISSN 1526-173X
Copyright ? 2001 The Independent Institute
100 Swan Way
Oakland, CA 94621-1428
(510) 632-1366 phone
(510) 568-6040 fax


Can we meet in the morning for a status update?  Sara

 -----Original Message-----
From: 	St. Clair, Carol
Sent:	Wednesday, December 26, 2001 3:11 PM
To:	Shackleton, Sara
Cc:	Mellencamp, Lisa; Sacks, Edward; Bradford, William S.
Subject:	LC Docs

Sara:
Here are drafts of the Certificates and Sight Drafts for Niagara Mohawk, El Paso electric, LG&E Energy Marketing and Energy Production Corp. (just in case it wasn't renewed).  I have put together files for each of these that include copies of the LC, the underlying trading docs and any correspondence that has been sent.    Except for Niagara Mohawk which requires copies of the invoices and that the certificate be on "letterhead" there don't appear to be any other special requirements.  Leslie Reeves will be faxing the invoices to us.  I will be in tomorrow until around 11.  Thanks for your help on this.

 << File: LC Certificate - Niagra Mohawk.doc >>  << File: LC Certificate - Energy Production Corporation.doc >>  << File: LC Certificate -El Paso.doc >>  << File: LC Certificate -LG&E.doc >>  << File: Sight Draft El Paso.doc >>  << File: Sight Draft Energy Production.doc >>  << File: Sight Draft LG&E.doc >>  << File: Sight Draft niagra Mohawk.doc >>

All of these docs are in a file called Enron Restructuring.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com


- baseball.gif


quit flattering yourself.  it was a male looking at you and he told me!  how do you feel about that?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, October 26, 2001 3:16 PM
To:	Nelson, Michelle
Subject:	RE:

stop lying, you dont have to be embarrased, I understand

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, October 26, 2001 3:15 PM
To:	Maggi, Mike
Subject:	RE:

then i guess it is a fact that a male was staring at you.

i am laughing so hard!!!! :)

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, October 26, 2001 3:13 PM
To:	Nelson, Michelle
Subject:	RE:

I wasnt accusing you I was just stating a fact

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, October 26, 2001 3:13 PM
To:	Maggi, Mike
Subject:	RE:

i can't tell because then you would acuse them of staring at you too.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, October 26, 2001 3:11 PM
To:	Nelson, Michelle
Subject:	RE:

no I dont know how it works, and who told you

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, October 26, 2001 3:10 PM
To:	Maggi, Mike
Subject:	RE:

don't you have messenger

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, October 26, 2001 3:09 PM
To:	Nelson, Michelle
Subject:	RE:

nobody told you, dont lie

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, October 26, 2001 3:08 PM
To:	Maggi, Mike
Subject:	RE:

damn you caught me.  and for your information, i didn't notice it...someone told me about it!  so whatever to you mr. allergy man!!!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, October 26, 2001 3:07 PM
To:	Nelson, Michelle
Subject:

if you werent always staring at me you wouldnt notice my eyes


GADSDEN RESEARCH SERVICES'
FERCwatch
 Issued October 26, 2001

ELECTRIC / HYDRO Report:

Orion Power Holdings, Inc. (Astoria Generating Co., L.P.; Carr Street Generating Station, L.P.; Erie Boulevard Hydropower, L.P.; Orion Power MidWest, L.P.; Twelvepole Creek, LLC; Liberty Electric Power, LLC), Reliant Resources, Inc. and Reliant Energy Power Generation Merger Sub, Inc., EC02-11-000 (10/22/01) -- Section 203 Joint Application for the disposition of jurisdictional facilities of Orion Power Holdings subsidiaries resulting from the merger of Reliant Energy Power Generation Merger Sub into Orion Power Holdings; as the surviving entity, Orion Power Holdings will become a wholly-owned subsidiary of Reliant Resources.
DOCUMENT LINK NOT AVAILABLE
REQUEST A COPY:  grs4ferc@starpower.net <mailto:grs4ferc@starpower.net> or call 202-210-4771.
_______________________________________

NATURAL GAS / OIL Report:

NO REPORT
_______________________________________

[To request a copy of any of the above listed  filings, please call 202-210-4771 or toll-free, 1-877-544-4771; or send an e-mail to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>)]

GRS' FERCwatch e-mail notification is a free courtesy service of Gadsden Research Services, energy research and document retrieval specialists.  Periodically (generally once or twice weekly), GRS will broadcast FERCwatch with descriptions of major FERC issuances or filings such as rulemakings, policy statements, mergers, new rate filings, major rate changes, and certificate filings.

GRS can provide hardcopies of any of the above listed items at nominal charges; for document requests or estimates of charges, please reply to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net> or call 202.210.4771 (toll free, 1.877.544.4771).

For an e-mailed copy of a brochure of GRS services and rates for FERC and other federal agency research please e-mail your request to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.  For a mailed copy, please include your name, firm name and street address.  For a faxed copy, please include your fax number.

The FERCwatch subscription list is used for the sole purpose of providing information on FERC and energy industry activity and will not be sold or otherwise distributed to any other business or organization.  For additions or removal from the FERCwatch notification list, please reply to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.

Send suggestions on how the GRS' FERCwatch can better serve the energy community to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.


can we get a calendar for factor changes?

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Wednesday, May 09, 2001 9:37 AM
To:	Arnold, John; Shively, Hunter S.; Neal, Scott; Allen, Phillip; Martin, Thomas A.; Schwieger, Jim; Grigsby, Mike; Lavorato, John; Kitchen, Louise
Cc:	Port, David; Gorny, Vladimir; Khanna, Bharat
Subject:	New Factors will be put into Production tonight
Importance:	High

Please note that new factors will be put into production this evening.  Value-at-risk will most likely increase by the percentage outlined below.  Shorts are driving price risk, while long basis drives the forward physical risk.

Let me know if you need access to component VAR analysis, so that you can effectively manage VAR.

Frank

<Embedded Picture (Metafile)>


chris.germany@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-14817067X@relay.netatlantic.com

Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Monday, June 24 2002 No. 1015
http://www.enerfax.com/

PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce                 | 3.05  |
| ANR SE                     | 3.11  |
| Carthage (E.Tex)           | 3.10  |
| Chicago Citygate           | 3.16  |
| Columbia Gulf Onshore      | 3.15  |
| Dominion South Point       | 3.39  |
| Henry Hub                  | 3.17  |
| Houston Ship Channel       | 3.17  |
| Katy /Exxon                | 3.14  |
| NGPL LA Pool               | 3.11  |
| NGPL - Midcontinent        | 2.89  |
| NGPL STX                   | 3.07  |
| NGPL TX/OK (E.)            | 3.07  |
| NNG Demarc.                | 2.84  |
| Niagara                    | 3.24  |
| PEPL                       | 2.89  |
| Sonat Tier 1               | 3.11  |
| TCO IPP Pool               | 3.38  |
| Tetco ELa                  | 3.12  |
| Tetco M-3                  | 3.47  |
| Tetco STX                  | 3.06  |
| TGP Zone 0                 | 3.08  |
| TGP Zone 1 (500 Leg)       | 3.12  |
| TGT Zone SL                | 3.15  |
| New York Citygate          | 3.53  |
| Transco Station 65         | 3.19  |
| Transco Zone 6 (NY)        | 3.53  |
| Trunk E.La                 | 3.06  |
| Western Region
| California Border          | 3.02  |
| El Paso Keystone (Permian) | 2.90  |
| El Paso Blanco (San Juan)  | 2.40  |
| Waha Hub                   | 2.97  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)         | 2.77  |
| Dawn Hub/Union             | 3.15  |
| Northwest Stanfield        | 2.12  |
| Wyoming Pool               | 1.00  |
| Opal                       | 0.94  |
| PGT-Malin                  | 2.46  |
| Sumas                      | 1.80  |
        Flow Dates 6/22-24

Looking for free daily natural gas basis and oil prices? Click here to
subscribe
or write enerfaxgold-subscribe@egroups.com. http://www.enerfaxgold.com/
--------------------------------------------------------------
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Caminus Gas, Caminus Pipeline, GasMaster and Nucleus.

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or visit the website at http://www.caminus.com/
or CLICK HERE
-------------------------------------------------------------
NATURAL GAS FUTURES
12 Month Strip 3.6730  +0.0225
18 Month Strip 3.7804  +0.0251
| Month | High  |  Low  | Close | Change |
| JUL   | 3.250 | 3.160 | 3.237 | +0.021 |
| AUG   | 3.310 | 3.220 | 3.294 | +0.018 |
| SEP   | 3.330 | 3.250 | 3.324 | +0.017 |
| OCT   | 3.375 | 3.300 | 3.361 | +0.012 |
| NOV   | 3.665 | 3.595 | 3.661 | +0.017 |
| DEC   | 3.926 | 3.850 | 3.926 | +0.022 |
| JAN   | 4.026 | 3.955 | 4.026 | +0.022 |
| FEB   | 3.990 | 3.920 | 3.973 | +0.022 |
| MAR   | 3.910 | 3.820 | 3.896 | +0.025 |
| APR   | 3.791 | 3.760 | 3.791 | +0.030 |
| MAY   | 3.780 | 3.740 | 3.776 | +0.032 |
| JUN   | 3.815 | 3.770 | 3.811 | +0.032 |
-------------------------------------------------------------
Natural Gas Futures End Up on Local Short-Covering

    Natural gas for July delivery on the NYMEX settled up $0.021 Friday at
$3.237 per MMBtu, boosted by late short-covering by locals. The August
contract gained $0.018 to $3.294 per MMBtu. Weather forecasts today will
determine whether physical prices can rise to support any futures rally,
if not the market will likely test $3.00 this week. Spreads will dominate
the market the closer the July contract gets to expiration. Funds turned
dramatically short in most recent Commitments of Traders Report from the
Commodity Futures Trading Commission. Crude oil prices for the new front
August contract fell $0.13 Friday to $25.82 per barrel, mostly on news of
Venezuela increasing production. Estimated natural gas volume was 70,000
contracts, with about a third spreads. Natural gas for weekend delivery
across the US and Canada was generally $0.10 - $0.20 lower Friday. Natural
gas for weekend delivery at the Henry hub lost $0.12 to $3.17 per MMBtu.
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Today's Power Bulletins
 * Portland General Gets Subpoena from CFTC on 'Wash' Trades
 * FuelCell Names CEO Jerry Leitmanas as Chairman of Board
 * Pacific Gas and Electric Provides Additional Information to Senate
Committee Showing that It Did Not Have Business Relationships with Perot
Systems
 * Avista Continues to Cooperate with Inquiries; Prepares Response to
Subpoena from CFTC and to Individual Shareholders
 * Cleco Finalizes Purchase of Mirant's 50% Interest in 725 MW Louisiana
Power Plant
 * PSEG Nuclear Awards Contract to Siemens-Westinghouse for Turbine
Replacement at Salem Units 1 and 2
 * Transition of NewPower's Texas Customers Proceeding on Schedule
 * Calpine Breaks Ground on 600 MW Metcalf Energy Center in San Jose,
California
 * Pinnacle West Again Receives 'AAA' Rating from Innovest for
Environmental Management & Performance
 * Ameren, FirstEnergy, NIPSCO to Form Transco Under Midwest ISO
-------------------------------------------------------------
Natural Gas NYMEX Volume
02JLY   59,700
02AUG   18,678
02SEP    6,117
02OCT    6,497
02NOV    2,953
03DEC    3,976
03JAN    1,161
03FEB    1,339
03MAR    1,537
03APR    1,755
03MAY      215
03JUN      356
03JLY      296
03AUG    1,473
03SEP      638
03OCT      237
03NOV      702
03DEC    1,424
04JAN      859
04FEB      148
04MAR    1,834
04APR    2,436
04MAY       41
04JUN       30
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Companies Consider Mexican Natural Gas Contracts

    Companies looking to enter Mexico's closed energy industry are
cautiously optimistic about the controversial 6-8 politically contested
multiple service contracts to produce natural gas in the Burgos basin on
the Texas border. Pemex plans to open a data room in November and says the
contracts would be finalized and the development blocks defined in
October. Pemex will offer the controversial multiple service contracts
individually in quick succession in November. The contracts would then be
evaluated by February and signed in March of 2003. However, the question
for the companies is whether the incentive of the deals compared to other
options around the world are great enough to warrant the investment. Under
the Mexican constitution, Pemex is not allowed to offer a percentage of
the commodity produced as payment to companies, because all natural
resources must remain in the hands of a government agency. In lieu of a
percentage, Pemex proposes payment for services according to a menu of
prices, but payment will depend on Mexico receiving income from natural
gas produced. Some big oil companies contend that scenario puts the burden
of risk on them, especially if natural gas prices plunge. The new
contracts will be renewable for up to 20 years instead of only 1 or 2
years. Opponents say they are a means of privatizing the country's oil and
natural gas industry, which was nationalized in 1938 and is widely
regarded as a symbol of Mexican sovereignty and economic independence.
However, a number of companies are interested in the contracts, some just
to get a foothold in Mexico's energy sector. But, there are also concerns
about the short amount of time allowed by Pemex between the opening of the
data room in November for seismic information and the award of bids in
February, because it forces companies into offering conservative bids.
Pemex indicated it might be open to extending the time frame.
-------------------------------------------------------------
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-------------------------------------------------------------
NRC Cites Wisconsin Electric Nuclear Power Plant

    The NRC has ruled that Wisconsin Electric Power's 512 MW Point Beach 2
nuclear power plant will be cited with a 'low-to-moderate' safety
violation. The NRC says that on February 20th a pump in the unit's
emergency cooling system broke down because of a build-up of nitrogen in
pipes, which had leaked into the pipes from another part of the plant
emergency system. Point Beach is owned by Wisconsin Electric Power and
operated by Nuclear Management Co. The NRC called  the ruling a 'white'
finding in its four-color system for safety violations ranging in severity
from green to white, yellow and red for the most serious violations.
Nuclear Management did not contest the finding.
-------------------------------------------------------------
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-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | $/MWh  | $/MWh  | $/MWh  |
| Cinergy    | 37.00  | 31.00  | 33.40  |
| ECAR       | 39.00  | 30.00  | 35.95  |
| ERCOT(SC)  | 28.00  | 27.25  | 27.50  |
| Entergy    | 35.25  | 31.25  | 33.25  |
| TVA        | 43.50  | 36.35  | 40.45  |
| ComEd      | 38.00  | 32.50  | 34.30  |
| Nepool     | 43.00  | 40.25  | 41.30  |
| PJM West   | 52.00  | 40.00  | 48.30  |
| Main       | 39.00  | 32.50  | 35.65  |
| MAPP       | 35.00  | 29.00  | 31.95  |
| Palo Verde | 44.50  | 38.00  | 41.10  |
| Mid C      |  8.00  |  6.25  |  7.25  |
| COB        | 21.50  | 16.25  | 19.50  |
| 4 Corners  | 42.00  | 37.00  | 39.35  |
| Mead       | 46.50  | 41.00  | 44.90  |
| NP 15      | 35.00  | 29.00  | 30.90  |
| SP 15      | 39.50  | 33.00  | 36.20  |
                Power Delivered 6/24
-------------------------------------------------------------
Todays Gas Bulletins
 * Enron Used Hidden Reserves Accounts to Conceal Up to $1.5 Billion in
Trading Profits During California Power Crisis, According to 6 Former
Executives and Managers
 * El Paso Sale of Stock and Other Equity Securities Priced to Raise $1.35
Billion to Pay Off Short-Term Debt; To Offer 45 Million Shares of Common
Stock at $19.95 Each and 10 Million of 9% Equity Security Units at $50
Each
 * ExxonMobil and Shell Hope Saudi Prince Will Save Natural Gas Deal
 * Shell Says in Talks with Korea Gas on Alliance
 * TransCanada Disappointed with NEB Decision
 * Dominion Declares Quarterly Dividend of $0.645 per Share of Common
Stock
 * Rocky Mountain Energy Plans to Repurchase Common Shares
 * CMS Energy to Webcast June 26th Seminar for Investors
 * Two Jurors Who Found Arthur Andersen Guilty of Obstruction of Justice
Slept During Trial, Texas Lawyer Newspaper Reports in Today's Edition
-------------------------------------------------------------
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-------------------------------------------------------------
PHYSICAL POWER PRICES (Cont)
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| NY Zone A  | 38.00 | 36.25 |  37.00  |
| NY Zone G  | 47.00 | 46.00 |  46.50  |
| NY Zone J  | 74.00 | 70.00 |  73.95  |
| Fla-Ga Bdr | 40.00 | 29.00 |  34.50  |
| FRCC       | 45.00 | 29.00 |  39.15  |
| Va Power   | 45.00 | 29.00 |  37.00  |
| VACAR      | 42.00 | 30.00 |  36.05  |
| SERC       | 45.00 | 29.00 |  35.55  |
| SPP        | 39.00 | 31.25 |  34.35  |
| Houston    | 34.50 | 33.50 |  34.00  |
                Power Delivered 6/24
-------------------------------------------------------------
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-------------------------------------------------------------
Williams to Eliminate Energy Trading Positions

    Williams will eliminate 16% of its energy marketing and trading
positions this week as it adjusts to an industry decline. Last week,
Williams announced a plan to cut merchant energy jobs and other measures
to save $50 million a year. The company has about 800 US employees in its
trading and marketing unit and about 132 of those will lose their jobs
this week. Williams also laid off 11 traders, or 13% of its trading staff,
in London. The company has about 12,000 employees in total. The energy
trading sector is dwindling as governmental investigations and stricter
credit rating criteria erode investor confidence. Williams, El Paso Corp,
Aquila and many others have curtailed their trading and are selling assets
and stock to improve their balance sheets in a move to reassure investors
and credit rating agencies.  Williams has cut financing for its trading
unit by 33%. It plans to sell more than $1 billion in assets by the end of
2002, including refineries in Tennessee and Alaska, to raise cash and cut
debt. Williams' shares dropped $0.22 to $7.13.
-------------------------------------------------------------
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-------------------------------------------------------------
New Dominion Peaking Power Available for Summer

    Dominion Energy says that its new 600 MW power plant in Armstrong
County, Pennsylvania has entered commercial operation. The Armstrong
station cost $240 million to build and consists of 4 natural gas fired
peaking turbines. Since June of 2001, more than 4,000 MW of generating
capacity have entered service in the PJM grid for a total capacity of
62,567 MW. By the end of July, more than 500 MW of additional capacity are
expected to go on line in PJM. The PJM grid serves some 27 million people
living in all or parts of Pennsylvania, New Jersey, Maryland, Delaware,
Washington DC and Virginia.
-------------------------------------------------------------
R. W. Beck is an engineering and management consulting firm serving
utilities, developers, financiers and governments worldwide.  Founded in
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Portfolio Analysis to improve diversification and risk-adjusted
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Please visit our web site at http://www.rwbeck.com
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-------------------------------------------------------------
NATURAL GAS - NYMEX
REPORTABLE POSITIONS AS OF 06/18/02

                                                     | NONREPORTABLE
    NON-COMMERCIAL     | COMMERCIAL   |     TOTAL    | POSITIONS    LONG |
SHORT |SPREADING| LONG | SHORT | LONG | SHORT | LONG |SHORT

10,000 MMBtu                                OPEN INTEREST: 986,275

COMMITMENTS
15,854 17,221 169,240  752,570 765,709 937,663 952,170 48,612 34,105

CHANGES FROM 06/11/02                CHANGE IN OPEN INTEREST: -9,849
-4,400 -6,132   3,791   -3,911  -2,992  -4,521  -5,334 -5,328 -4,515

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
   1.6    1.7    17.2     76.3    77.6    95.1    96.5    4.9    3.5
------------------------------------------------------------

5th Annual Electric Market Forecasting Conference,
Sept. 12 & 13, 2002

Portland, OR USA, Skamania Lodge (45 minutes East of Portland
International Airport)

Navigating Future Energy Markets presentations on emerging resource
development options, transmission considerations, fuel strategies and
approaches to managing uncertainty in volatile energy markets.  Speakers
from General Electric Power Systems, Gas Technology Institute, NREL, UBS
Warburg, Coral Energy, FPL Energy, Williams Energy Marketing and Trade,
Siemens Power Transmission & Distribution, TransAlta, and Capstone Global
Energy and more.  Sponsored by EPIS, Inc., developers of the AURORA
electric market model.For more information, go to
http://www.epis.com/epis_events/events.htm
or call 503-722-2023.
CLICK HERE
-------------------------------------------------------------
Idacorp to Pull Back from Power Trading

    Idacorp, a power utility with 700,000 customers in Idaho, Oregon and
Nevada, said it will gradually reduce its power trading business and
layoff about 60 employees as credit rating agencies tighten their
requirements for an investment grade rating in the energy trading
industry, thus reducing the number of credit worthy trading partners. The
sector is shriveling amid a myriad of governmental and regulatory
investigations into questionable trading practices and tougher standards
by rating agencies. Idacorp Energy will discontinue trying to attract new
customers, it said. The cuts, which will eliminate about 50% of the unit's
120 positions will be made over 18 months, and Idacorp will reduce working
capital for the business by 50% to $100 million. Dynegy announced last
week that it would close down DynegyDirect, its online trading platform,
due to the reduced number of power and natural gas trades amid industry
liquidity concerns. The decision will not have an impact on expected 2002
earnings of $1.35-$1.70 per share, Idacorp said. Analysts average
estimates are $1.46 per share. Idacorp Energy will lower its maximum value
at risk to under $3 million from $10 million. The unit had an average of
$1.4 million at risk and a high of $2.4 million in the 1st quarter. Shares
of Idacorp dropped $0.40 to $26.66 on Friday.
-------------------------------------------------------------
NEB Denies TransCanadas Rate Hike Request

    The National Energy Board has denied TransCanada PipeLines' bid to
increase prices on its main natural gas pipeline system. TransCanada
claims the hike is needed in order to remain competitive and help offset
the loss of long-term transportation contracts. TransCanada had asked the
NEB to change the way regulated tolls on its west-east pipeline system are
calculated to bring returns more in line with pipelines in the US.
Canadian natural gas producers are opposed to the plan, saying it would
require them to pay an extra $179 million to transport supplies. The NEB
decided to continue calculating tariffs using the same method, but raised
tolls minimally to compensate for increased business risks resulting from
new pipeline competition and an industry shift towards short-term shipping
contracts. TransCanada applied for an after-tax weighted average cost of
capital of 7.5%, up from 5.84% in 2001. If the proposal was denied,
TransCanada said it would seek a deemed common equity component of 40%, up
from 30%, providing a return on common equity of 12.5%, or about the same
as under the cost of capital proposal. Instead, the NEB decided to keep
its previous method of determining tolls in tact and it set a rate of
return for the mainline of 9.61% for 2001 and 9.53% in 2002. It also
raised the deemed common equity component to 33%, in effect increasing
tolls by 2% for the 2-year period.

-------------------------------------------------------------
Baker Hughes Weekly Rig Count

    The number of rigs searching for oil and natural gas in the US fell by
six to 838 last week, compared to 1,277 a year ago, according to Baker
Hughes. The number of rigs exploring in Canada was up 32 this week to 210,
compared to 305 a year ago. The number of rigs in the Gulf of Mexico was
flat at 105, compared to 154 a year ago. The number searching on land was
715, and the number of offshore rigs was at 110. There were 13 inland
rigs. The total North American rig count rose by 26 to 1,048, compared to
1,582 a year ago. The number of rigs searching for oil in the US rose by 5
to 139, and the number of rigs searching for natural gas fell by 11 to
698. There was one miscellaneous rig, unchanged from last week.
-------------------------------------------------------------
 Progas Storage and Services, Inc.

          Progas can custom build gas storage in the Upper Midwest.

? Design to your specifications
? Close to your markets
? Unregulated storage
? Lower transportation fees
? Lower storage rates

Progas is now accepting proposals and orders for years 2002-2007 for
approxamately 5 bcf of storage on Midwestern system serving Indiana,
Illinois, and 3 bcf on Texas Gas Transmission system serving Tennessee,
northern Kentucky, Indiana, and Ohio.  Additional potential storage filds
beding acquired at this time on Midwestern, anhandle Eastern and A & R
(Coastal) systems serving the Upper Midwest. Inquiries from potential
partners, investment bankers, and brokers welcome.

Progas Storage and Services, Inc.
8610 South Highway 277
Abilene, TX 79606
Phone: 915-698-3699
Fax: 915-698-2859
Email: gastorage@aol.com
-------------------------------------------------------------
Credit Concerns Erode Energy Trading Business

    The shrinking natural gas trading industry in the US and Canada, amid
concerns over credit ratings and investor confidence, has made it
increasingly difficult to find buyers. After Aquila and Engage Energy
recently announced that they were closing their Canadian operations, the
gap in trading partners grew significantly. Some of Engage's operations
will be taken over by Duke's Canadian natural gas trading operation. Duke
acquired Engage as part of its $8.5 billion takeover of Westcoast Energy.
Traders say they are buying natural gas, but are having a hard time
turning it around because credit concerns have eroded the number of
companies they are currently allowed to deal with. Credit rating agencies
have indicated that energy trading companies may not qualify for an
investment grade rating due to the volatility of the sector. Last week,
Aquila said it was pulling back from the energy trading after cutting its
earnings forecast and dividend. Industry insiders say that Aquila was told
if they had a trading company, their credit would be downgraded, and if
they didn't, their investment grade rating would be maintained. However,
the shift away from energy trading could prove beneficial to electronic
trading platforms, in which participants have to clear credit requirements
before they can post any bids or offers. Also, the downturn in energy
marketing could leave the door open to a company with a good credit rating
and deep pockets to step in and grab a big share of the market right off
the bat. In addition, it is not likely such a company would encounter any
shortage of qualified traders, given the number of lay-offs in the field
lately.
-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 dropped 85.92 points to 7139.43
The CRB Index dipped 0.62 points to 203.59
The US Dollar decreased  0.69 points to 108.19
The Dow declined 177.98 points to 9253.79
The S&P 500 lost 17.15 points to 989.14
The Nasdaq was down 23.79 points to 1440.96
August NYMEX Crude Oil slipped 0.13 to 25.82
Canadian-US Exchange fell 0.0084 to 1.5230
-------------------------------------------------------------
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<<CAIIND~1.DOC>>
Dear Amber,

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 - CAIIND~1.DOC


Hi guys,

This is the "break out" contract for the LM's.  This particular draft was
prepared for the City of Austin project, but we also need a TurboPark
version. Please advise of any comments you might have.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 01:38
PM ---------------------------

Kay Mann
11/27/2000 10:58 AM
To: Lisa Bills/Corp/Enron@ENRON, Roseann Engeldorf/Corp/Enron@ENRON
cc: Sheila Tweed/HOU/ECT@ECT, ppipitone@akllp.com, pthompson@akllp.com

Subject: City of Austin Agreement

Lisa/Rose,

Attached is the most recent draft of the facility agreement for the
LM6000's.  This version was prepared for the Austin project and therefore
lacks any DevCo specific references or requirements. Your input as to any
lender requirements, as well as the rights and responsibilities of the agent,
would be greatly appreciated.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/27/2000 10:53
AM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 11/22/2000 02:42:23 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: City of Austin Agreement

Attached please find a clean copy of the City of Austin Facility
Agreement, as well as a blackline showing changes to the document agreed
to by GE.  To complete the agreement the following needs to be inserted:

1. For the recitals, the kW capacity of its plant and  the location
of the plant.

2. All exhibits, including Exhibit N-3 (which is the original price
for each unit) and Exhibit U, which contains the Site specific material.
The Table of Contents should then be run to include all of the exhibits.

3. The agreement reference in 6.7.1

4. The payee and address for invoices in 6.7.2

5. The names, addresses, etc. for Sections 25.1 and 25.3
 <<Comparison of the Gas Turbine Agreement.DOC>>  <<Gas Turbine
Agreement Draft of 11/22/00.DOC>>
 - Comparison of the Gas Turbine Agreement.DOC
 - 00.DOC


I would appriciate if you would send to me each week the PGE Position
Report.  Also, at your convenience I would like to spend some time via
telephone to run through the report to make sure I understand just what is
being reported.  I'll have my assistant call to set-up the phone call early
next week.

Also, to whom in Risk Management do you send the position report?

Thanks.


Francisco - Here is an ISDA that Peggy needs in connection with a project she
is working on in Mexico.  Can you take care of this one?  It looks like it is
a deal-specific agreement for an interest rate swap or swaps.  Sara can
probably fill you in on the kinds of changes from our standard form that
would be ok.
----- Forwarded by Mark Taylor/HOU/ECT on 02/12/2001 06:39 AM -----

	Peggy Banczak
	02/09/2001 09:10 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Fwd: Enron Monterrey Project - Draft ISDA Master Agreement Schedule

Mark

Attached are some comments from Enron's outside counel on the draft ISDA
Master Agreement which I forwarded to you earlier this week.

Could you please advise who is reviewing this document and when their review
might be completed.

Thank you for your assistance.
----- Forwarded by Peggy Banczak/HOU/ECT on 02/09/2001 09:09 AM -----

	"Nancy Jo Nelson" <nnelson@bracepatt.com>
	02/08/2001 02:38 PM

		 To: "Carlyn Carey" <ccarey@bracepatt.com>, <rlopezv@lvha.com.mx>
		 cc: "Robert Stephens" <rstephens@bracepatt.com>,
<michael.garberding@enron.com>, <peggy.banczak@enron.com>
		 Subject: Fwd: Enron Monterrey Project - Draft ISDA Master Agreement Schedule

Attached is the email forwarding the draft swap agt with SG.

Rogelio--please take a look at the docs required in Part 3-- some changes
will need to be made I am sure to reflect that EEIM is a Mexican
company--please fax me a markup with your suggested changes.  It looks like
we are going to need Mexican Power of Attorney for CT Corp. for this
agreement also.

Carlyn--please look at the CT Corp. appointment letter and let me know if any
hedging agt is contemplated to be included.  We may need a separate
appointment letter for this document (see Part 5, clause (vi)) -- note also
that the jurisdictional consent language is different than in the Loan Agt
and most of the other IDB docs--I don't think we care but I will point it out
to SG--they may want to conform the language to have the same court
jurisdiction.

Mike--on substantive issues, please call me when you get back into town and
have a moment to talk.  I spoke with one of my partners in Houston who is
much more familiar with swaps and he thinks it looks ok for the most part--I
have only a few questions/comments for you.

Thanks all!

Nancy Jo Nelson
Bracewell & Patterson, L.L.P.
2000 K Street, N.W., Suite 500
Washington, DC   20006-1872
direct phone: (202) 828-5843
direct fax: (202) 857-2120
email: nnelson@bracepatt.com
cell phone: (202)251-6956
Received: from mcafee.bracepatt.com by bracepatt.com; Fri, 02 Feb 2001
10:12:48 -0600
Received: FROM riconnect2.hunton.com BY mcafee.bracepatt.com ; Fri Feb 02
10:21:49 2001 -0600
X-Proxy: keymaster.bracepatt.com protected
Received: by riconnect2 with Internet Mail Service (5.5.2651.48) id
<D8K4M5CH>; Fri, 2 Feb 2001 11:11:46 -0500
Message-ID: <11A113B59DF4D311A0DE00805FA7F3230126CB7A@DCMAIL1>
From: "Peterson, Bruce" <BPeterson@hunton.com>
To: "'Kerrigan, Brian'" <brian.kerrigan@enron.com>, "'Irvin, Steven'"
<sirvin@enron.com>, "'Garberding, Michael'"  <michael.garberding@enron.com>,
"'Banczak, Peggy'"  <peggy.banczak@enron.com>, 'Robert Stephens'
<rstephens@bracepatt.com>,  'Nancy Jo Nelson' <nnelson@bracepatt.com>
Cc: "'Weizman, Leif'" <LEIFW@iadb.org>, "'De Castro, Denis Roberto'"
<DENISDC@iadb.org>, "'jeffrey.wood@us.socgen.com'"
<jeffrey.wood@us.socgen.com>, "'pierre-antoine.barreault@us.socgen.com'"
<pierre-antoine.barreault@us.socgen.com>, "'Giovannelli, Giovanni'"
<GIOVANNIG@iadb.org>, "'Garcia, Juan Jose'" <JUANJOSEG@iadb.org>,
"'Robert.LASKY@us.socgen.com'" <Robert.LASKY@us.socgen.com>
Subject: Enron Monterrey Project - Draft ISDA Master Agreement Schedule
Date: Fri, 2 Feb 2001 11:11:45 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2651.48)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_000_01C08D32.D6E3E090"

Attached at the request of IDB is a draft ISDA Master Agreement Schedule for
the Monterrey project Hedging Agreements.  A preliminary draft of this
document has been circulated and discussed between IDB and SG, but this
draft is being circulated concurrently to all parties and has not yet been
finally between the Banks.

Bruce D. Peterson
Hunton & Williams
1900 K Street, N.W.
Washington, D.C. 20006
Tel. 202.955.1521
Fax 202.778.2201

NOTE: This message contains information which is confidential and may be
privileged. Unless you are the addressee (or a person authorized to receive
for the addressee) of this message, you may not use, copy or disclose this
message or any information contained in this message. If you have received
the message in error, please advise the sender by reply e-mail and delete
this message.

 - Enron   SG SWAP Schedule(v2).DOC


your receivers are terrible - i am trying to help you out!

Phillip M Love
08/29/2000 07:58 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: QB

I will get back to you when I stop laughing.
PL


----- Forwarded by Tana Jones/HOU/ECT on 06/22/2000 08:50 AM -----

	Frank L Davis
	06/21/2000 06:02 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Pulp & Paper Long Descriptions

Tana,

Attached below are examples of EnronOnline long descriptions for pulp & paper
products.

Let me know if you have any questions.

Frank


-Had to share these...SRS

 - airolane.jpg
 - bombtech.jpg
 - fortune.jpg
 - hotdog.jpg
 - watchp.jpg
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Hi guys,

I need the ABB contract and the PDA at your earliest convenience so that I
can work on the documents we discussed.

Thanks,

Kay


I will send signed contracts and numbers to Michelle.  Michelle, please
e-mail your fax number to me.

Kelly

-----Original Message-----
From: Randal.Maffett@enron.com [mailto:Randal.Maffett@enron.com]
Sent: Tuesday, December 12, 2000 8:50 AM
To: kelly@ecogas.com; kmahmoud@austin.rr.com; kelly.mahmoud@enron.com
Cc: Michelle.Cash@enron.com
Subject: Ecogas

Michelle - I think Kelly has already sent the #'s to Bracewell and the docs
are in progress.

Kelly - if this is not correct, please make sure Michelle and Bracewell
have the right numbers to fill in the blanks on the employee separation
agreements.  If you've already done so just confirm to Michelle.

Thanks!
---------------------- Forwarded by Randal Maffett/HOU/ECT on 12/12/2000
08:45 AM ---------------------------

Michelle Cash
12/11/2000 05:08 PM

To:   Randal Maffett/HOU/ECT@ECT
cc:   esholeen@bracepatt.com
Subject:  Ecogas

Randy,

I haven't received the numbers for the releases for the Ecogas personnel
under contract.   Would you mind sending it to me so that I can send it to
outside counsel to prepare the releases?

Also, could you please send me copies of the Agreements for the 5 Ecogas
employees?  The only ones I have are unsigned.

Thanks a lot.

Michelle


Here are my comments after reviewing the below change order: (i) the cover
page refers to an enron 2-99 deal which does not correspond to the cover page
of the executed turbine purchase contract with GE.  To what does this refer
if a different deal and if the same deal, please conform.  (ii) the effective
date is stated as March 6, 2000.  Given that the agreement between Enron and
WestLB and the purchase agreement between WestLB and GE weren't signed until
May 12, 2000, if any backdating is needed (I'd like to understand why it is
for new equipment orders), it can't be before May 12th.  With respect to the
effective date and the overall placement of the order, has this $4.65MM
acquisition been dashed?  The current effective dash only contemplated the
turbines, not any ancillary equipment.  I believe Chip Schneider is the RAC
contact for this transaction.

Regards, Lisa

Ben F Jacoby@ECT
08/07/2000 10:32 AM
Sent by: Ben Jacoby@ECT
To: Lisa Bills/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON
cc: Kay Mann/Corp/Enron@Enron

Subject: LM6K Change Order #2 Revised

Lisa and Herman:

Please review the attached change order. We would like to have your comments
back, if any, in the next couple of days so we can execute the contract by
Friday. Let me know if you have any questions.

Thanks,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 08/07/2000 08:43 AM
---------------------------
From: Kathleen Clark@ENRON_DEVELOPMENT on 08/07/2000 09:31 AM
To: Chris Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ben Jacoby/HOU/ECT@ECT
cc:
Subject: LM6K Change Order #2 Revised

---------------------- Forwarded by Kathleen Clark/ENRON_DEVELOPMENT on
08/07/2000 09:30 AM ---------------------------

	Enron Engineering & Construction Company
	From:  Kathleen Clark                           08/07/2000 09:28 AM

To: Kay Mann/Corp/Enron@ENRON, Scott Dieball/ENRON_DEVELOPMENT
cc:

Subject: LM6K Change Order #2 Revised

Kay & Scott:

Attached is a revised draft of Change Order #2 for your review.

Since the draft of 7/20/00, we have added two additional exhaust stacks at
$233,000/Unit.

Kathy
x56400


Dear GISB Members,

The GISB status report regarding version 1.4 of our standards was sent to the
FERC last week.  It has been posted and can be downloaded from our home page
(www.gisb.org).  If you would like the report emailed to you (it is 238 pages
in .pdf format), our office will be happy to accommodate you.  If you do not
want to receive notices of this type, or would prefer that we send them to
others in your office, please let us know and we will make the necessary
changes.

Best Regards,  Rae McQuade


Start Date: 10/9/01; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100924.txt

Error retrieving HourAhead price data - process continuing...


I received an e-mail earlier stating that I was to be included in the second
pilot along with Martin Cuilla and several other members of the Central
Desk.  Recently, Martin received a second e-mail asking him to accept an
invitation to the program.  Since the deadline for this application is
tomorrow, and I have yet to receive this e-mail, I would appreciate you
contacting me by phone in order to verify my inclusion.

Andy
3-6278


Con Ed released Transco space to EES.  The offer # is 21535, volume = 10,0000
dth, demand charge = $1.50, term = 9/1/2000 - 9/30/2000.

Con Ed did the release pre arranged, non-biddable.

Paul, you should be able to execute this space before 9:00 am and re-release
it to me (company #7973).

thanks.


The Carr Futures office located in Chicago is undergoing construction.  Do
to this construction our 800 phone number has changed form 800-624-2626 to
800-326-5493.  All of our direct dial phone numbers will stay the same Mike
Heffner 312-368-2205, Scott Oblander 312-368-6149 & Rob Vujtech
312-368-2227.   The new 800 number is effective immediately.
Sorry for any inconvenience.


---------------------- Forwarded by Mary Hain/HOU/ECT on 01/15/2001 07:41 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Joe.Hartsoe@enron.com                           01/15/2001 09:17 AM

To: Mary.Hain@enron.com
cc: acomnes@enron.com, dbva@radix.net
Subject: FERC Conference on Market Monitoring- REVISED DRAFT

Mary  --  Please check with the desk and Alan to see if we can live with
this or have suggestions.  Thanks Joe.
----- Forwarded by Joe Hartsoe/Corp/Enron on 01/15/2001 11:12 AM -----

                    "Jackie
                    Gallagher"           To:     <bhawkin@enron.com>,
<bmerola@enron.com>,
                    <JGallagher@e        <christi.l.nicolay@enron.com>,
                    psa.org>             <donna.fulton@enron.com>,
                                         <janelle.scheuer@enron.com>,
                    01/12/2001           <jeff_brown@enron.com>,
<jhartso@enron.com>,
                    11:14 AM             <Mary.Hain@enron.com>,
<sarah.novosel@enron.com>,
                                         <tom.hoatson@enron.com>
                                         cc:
                                         Subject:     FERC Conference on
Market
                                         Monitoring- REVISED DRAFT

MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketing Working Group Chair
            Julie Simon, Vice President of Policy

DATE: January 12, 2001

RE: FERC Conference on Market Monitoring in California
       ? Revised Draft
       ? Conference Call on Tuesday, January 16th, 2:00 p.m.
         (EST), 1-800-937-6563

Based on discussion at our last conference call and follow-up conversations
with some EPSA members, attached is a significantly revised list of Guiding
Principles on Market Monitoring for FERC's staff technical conference on
January 23rd to develop market monitoring procedures for the Cal ISO
markets.  The most significant change from the prior draft is that we now
delete any reference to specific price levels that would screen prices in
California and focuses instead why a price-based analysis for market
monitoring is inappropriate, since it fails to account for capacity costs,
opportunity costs and scarcity values.

FERC Staff has asked that EPSA be prepared to make a presentation at the
January 23rd conference, so it is important that we see if there is
consensus on this approach.  We will discuss this draft on a conference
call on Tuesday, January 16th at 2:00 p.m. (EST).  To access the call,
please dial 1-800-937-6563.  Ask for the Julie Simon/EPSA Call.  In the
meantime, if you have any questions, concerns or ideas about this effort,
please contact Julie at 202-789-7200 or jsimon@epsa.org before the call.

Attachment

(See attached file: MARKET MONITORING2.doc)
 - MARKET MONITORING2.doc


-----Original Message-----
From:  "Ken" <kckrisa@apex2000.net>@ENRON
[mailto:IMCEANOTES-+22Ken+22+20+3Ckckrisa+40apex2000+2Enet+3E+40ENRON@ENRON.co
m]
Sent: Monday, March 19, 2001 4:37 PM
To: Castiglione, Mark
Subject: Crescendo Status Report

Mark,

Attached is a status report for Crescendo Energy, LLC  dated 3-19-01.
Please distribute to ENA personnel.

Ken Krisa

 - STATUS REPORT 3-19-01.doc