fyi
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 08/30/2000 12:51
PM ---------------------------

From:  Tanya Rohauer
   08/29/2000 07:15 AM

To: William S Bradford/HOU/ECT@ECT
cc:
Subject: repap

UPM-KYMMENE TO ACQUIRE REPAP

Helsinki, Finland and Stamford, Connecticut, (August 29, 2000) ) UPM-Kymmene
Corporation (Helsinki Stock Exchange: UPM1V; NYSE:UPM) and Repap Enterprises
Inc. (TSE:RPP) today announced that they have signed an acquisition agreement
under which UPM-Kymmene will acquire Repap in a transaction to be effected by
way of an amalgamation. Pursuant to the agreement, Repap,s shareholders will
receive CAD 0.20 per common share, which represents a premium of
approximately 100% over the recent trading price of Repap common shares on
The Toronto Stock Exchange. The transaction values Repap,s equity at
approximately CAD 160 million (EUR 120 million), implying a total enterprise
value for Repap of approximately CAD 1.35  billion (EUR 1.01 billion). The
transaction will result in a  goodwill value of approximately CAD 400 million
(EUR 300 million).  With respect to Iceberg's outstanding debt securities,
UPM-Kymmene is considering its options, which may include purchases of such
securities in negotiated transactions, a redemption of all or a portion of
such securities after consummation of the transaction and/or leaving such
securities outstanding.

The transaction has been unanimously approved by the boards of directors of
both UPM-Kymmene and Repap. In addition, Repap,s two largest shareholders,
the Third Avenue Trust and TD Asset Management Inc., have agreed to support
the transaction and vote their combined total of approximately 31% of Repap,s
common shares in favour of approving the transaction, subject to certain
conditions as outlined in their respective support agreements.

The transaction requires the approval of 66 2/3% of the votes cast by Repap
shareholders. A shareholders, meeting to approve the amalgamation is expected
to be held in mid-October. The transaction is conditional upon receipt of all
necessary regulatory approvals. The transaction does not require the approval
of UPM-Kymmene shareholders.

The acquisition supports UPM-Kymmene,s long-term strategy. The transaction
strengthens UPM-Kymmene,s global leadership in magazine papers and it is a
logical step for UPM-
Kymmene to become a major local magazine paper producer in North America.
UPM-Kymmene continues to further develop a low cost production structure with
state-of-the-art facilities. In addition, substantial synergies can be
achieved. UPM-Kymmene estimates that approximately CAD 50 million (EUR 37
million) in annual pre-tax synergies can be achieved by 2002 through product
and market mix optimization, cost savings in purchasing, logistics and
selling, general and administrative expenses as well as via improvement
through best practices.

Juha Niemel,, the President and Chief Executive Officer of UPM-Kymmene said
&that Repap,s management and personnel have done an outstanding job over the
past years to improve the financial and operational performance of the
company. The fully integrated mill will enable UPM-Kymmene to better serve
its North American customers8.

Stephen Larson, the President and Chief Executive Officer of Repap, stated
that &Repap,s world class operations and people will complement UPM-Kymmene,s
core competence of efficiency very well8.

Repap has agreed not to solicit competing offers or proposals to the
transaction, although it may respond to an unsolicited superior proposal. As
a condition of UPM-Kymmene entering into the transaction, Repap has granted
UPM-Kymmene an irrevocable option to purchase newly issued common shares of
Repap representing approximately 19.9% of the issued and outstanding common
shares of Repap. This option may be exercised by UPM-Kymmene if a competing
acquisition proposal is publicly announced. In certain circumstances, Repap
will be required to pay a termination fee to UPM-Kymmene. The option and the
termination fee have an aggregate economic value of CAD 18 million (EUR 13.6
million), representing approximately 1.3% of Repap,s enterprise value.

RBC Dominion Securities Inc. acted as financial advisor to UPM-Kymmene and
Donaldson, Lufkin & Jenrette acted as financial advisor to Repap.

About UPM-Kymmene

UPM-Kymmene, which is based in Helsinki, Finland, is one of the world,s
largest forest product companies and paper producers. The Group,s turnover in
1999 amounted to EUR 8.3 billion (CAD 11.1 billion) and operating profit to
EUR 1.6 billion (CAD 2.1 billion). The company,s product range covers
printing papers, converting materials and wood products. Printing Papers,
which comprise magazine papers, newsprint and fine papers, account for over
half of the Group,s  turnover. UPM-Kymmene is the world,s second largest
producer of magazine papers and is among the top ten producers of newsprint
and fine papers. UPM Converting is among Europe,s leading suppliers of
converting materials. The Group is also Europe,s biggest plywood producer and
one of the continent,s biggest producers of sawn timber. UPM-Kymmene,s
operations are focused on European Union countries and the United States,
where the company owns Blandin Paper in Minnesota producing LWC magazine
papers. North American sales account for 11% of the Group,s turnover. The
Group has production plants in 15 countries and 170 sales and distribution
companies spanning five continents.

About Repap

Repap is a major producer of coated groundwood paper (LWC) with a 9% share of
the total North American capacity. In 1999, the company,s net sales  amounted
to CAD 570 million (EUR 425 million) and operating profit to CAD 68 million
(EUR 51 million). The company,s high quality paper is utilized in magazines,
catalogs, inserts and commercial printing applications. Repap's world-class
coated paper complex in New Brunswick, Canada, has two modern paper machines
with a design capacity of 450,000 metric tons, a northern bleached softwood
kraft pulp mill with an annual capacity of 235,000 metric tons and an
integrated groundwood pulp mill with an annual capacity of 125,000 metric
tons. Repap also has two sawmills with an annual capacity of 137,000 cubic
metres. Repap employed 1,480 persons at the end of 1999.
This press release contains certain statements that are neither reported
financial results nor other historical information. These statements are
forward-looking statements within the meaning of the safe-harbor provisions
of the U.S. federal securities law. These forward- looking statements are
subject to risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements. Many of
these risks and uncertainties relate to factors that are beyond the
companies, ability to control or estimate precisely, such as future market
conditions, the behavior of other market participants and the actions of
governmental regulators. These and other risk factors are detailed in the two
companies, SEC reports. Readers are cautioned not to place undue reliance on
these forward- looking statements, which speak only as of the date of this
press release. The companies do not undertake any obligation to publicly
release any revisions to these forward-looking statements to reflect events
or circumstances after the date of this press release.

-30-

For further information, please contact:

UPM-Kymmene Corporation:
Martin Granholm, Executive Vice President, tel. +358 204 15 0004
Olavi Kauppila, Vice President, Investor Relations, tel. +358 204 15 0658

Repap Enterprises Inc.:
Stephen Larson, President & Chief Executive Officer, tel. 1 (203) 964-6163
Michelle Cormier, Vice President & Chief Financial Officer, tel. 1 (203)
964-6168


Normas Legais:
	Para fazer f? p?blica no Brasil, dever? ser registrado em Consulado brasileiro o casamento celebrado no exterior em que uma ou ambas as partes sejam detentores de nacionalidade brasileira.
	O interessado dever? posteriormente providenciar a transcri??o do registro consular em cart?rio do 1? Of?cio do Registro Civil, seja da localidade em que resida ou visite, seja do Distrito Federal (este cart?rio tem jurisdi??o sobre todo o territ?rio nacional).
	O regime de bens adotado com o casamento ? inalter?vel, segundo a lei brasileira.
Procedimentos:
	Encaminhar ao Consulado:  ? original ou c?pia autenticada por Not?rio P?blico de comprovante do estado civil do(a/s) nubente(s) brasileiro(a/s), a saber, conforme o caso, certid?o de nascimento (com menos de seis meses de expedi??o), certid?o de casamento com averba??o de div?rcio (no caso de div?rcio n?o realizado no Brasil, faz-se necess?ria a homologa??o pelo Supremo Tribunal Federal) ou atestado de ?bito do c?njuge "de cujus");  ? original ou c?pia autenticada por Not?rio P?blico da certid?o de casamento a ser registrada;  ? c?pia autenticada do documento constitutivo do regime de bens (caso contr?rio, constar? do registro consular o regime de comunh?o de bens);

	? no caso de um dos c?njuges n?o ser detentor de nacionalidade brasileira, original ou c?pia autenticada da certid?o de nascimento do c?njuge estrangeiro;  ? formul?rio de registro de casamento <http://www.brazilhouston.org/port/fregcasa.htm> devidamente preenchido (a m?quina ou em letra de forma) e assinado pelo(a) declarante, que dever? ser necessariamente de nacionalidade brasileira; no caso de remessa por correio, a assinatura dever? ser autenticada por Not?rio P?blico;  ? $20.00 em esp?cie ou "money order" em favor do "Consulate General of Brazil". Pagamento em esp?cie n?o ? aceito no caso de remessa por correio;  ? envelope auto-endere?ado e corretamente selado para fins de encaminhamento da certid?o e restitui??o de documentos originais que tenham sido apresentados. O Consulado n?o se responsabiliza pela seguran?a de documentos despachados por correio. No caso de prefer?ncia por sistema de entrega urgente, o Consulado aceitar? apenas envelope (auto-endere?ado e pr?-selado) "Express Mail". Federal Express e DHL poder?o ser utilizados apenas em dispondo o(a) interessado(a) de conta com aquele servi?o e mediante o fornecimento de autoriza??o por escrito para debitar a mesma conta (o Consulado n?o opera com cart?es de cr?dito); no caso, dever? ser tamb?m fornecido envelope pr?prio FEDEX ou DHL devidamente auto-endere?ado para o retorno do documento.

	  REP?BLICA  FEDERATIVA DO BRASIL MINIST?RIO DAS RELA??ES EXTERIORES	FORMUL?RIO PARA REGISTRO DE CASAMENTO (Preencher a m?quina ou em letra de forma)

1 - IDENTIFICA??O DO(A) DECLARANTE

NOME (caso tenha havido mudan?a de nome com o casamento, indicar o novo nome adotado)	TELEFONE
     	Trab.	(     )

     	Res.	(     )

2 - DATA E LOCAL DO CASAMENTO

  	  	  	Condado	     	Cidade	     	Estado
dia	m?s	ano

3 - REGIME DE BENS

4 - C?NJUGE MASCULINO

NOME	NACIONALIDADE

DATA DE NASCIMENTO	LOCAL DE NASCIMENTO (cidade/estado/pa?s)

dia	m?s	ano
PROFISS?O	ESTADO CIVIL ANTERIOR AO CASAMENTO

SE CASADO ANTERIORMENTE, NOME DA EX-C?NJUGE

NOME DO PAI	NACIONALIDADE	 DATA DE NASCIMENTO OU ?BITO

			dia	m?s	ano
NOME DA M?E	NACIONALIDADE	 DATA DE NASCIMENTO OU ?BITO

			dia	m?s	ano
DOMIC?LIO DOS PAIS (cidade/estado/pa?s)

Rua/n?	.

Cidade	     	Estado	  	Pa?s

Consbras Houston/RegCasa.doc						                                         Atualiza??o feita em 16 de dezembro de 1996

5 - C?NJUGE FEMININO

NOME   (caso tenha havido mudan?a de nome com o casamento, indicar o novo nome adotado)	NACIONALIDADE

DATA DE NASCIMENTO	LOCAL DE NASCIMENTO (cidade/estado/pa?s)

dia	m?s	ano
PROFISS?O	ESTADO CIVIL ANTERIOR AO CASAMENTO

SE CASADO ANTERIORMENTE, NOME DA EX-C?NJUGE

NOME DO PAI	NACIONALIDADE	 DATA DE NASCIMENTO OU ?BITO

			dia	m?s	ano
NOME DA M?E	NACIONALIDADE	 DATA DE NASCIMENTO OU ?BITO

			dia	m?s	ano
DOMIC?LIO DOS PAIS (cidade/estado/pa?s)

Rua/n?	.

Cidade	     	Estado	  	Pa?s

6 - RESID?NCIA ATUAL DOS C?NJUGES

Rua/n?	.

Cidade	     	Estado	  	Zip Code

7 - NOME  DE SOLTEIRA (CASO DISTINTO DO ATUAL)

8 - NOME E IDADE ATUAL DE FILHOS HAVIDOS DE EVENTUAIS MATRIM?NIOS
     ANTERIORES
N O M E	DATA DE NASCIMENTO   dia          m?s         ano

     dia    m?s     ano                                (local)                                                  (assinatura do(a) de


---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 11:20
AM ---------------------------

pdrexel@columbiaenergygroup.com on 12/27/99 08:01:03 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: January 2000 AGT volumes

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/27/99
08:07 AM ---------------------------

Marianne Stiles
12/22/99 04:00 PM

To: Phil Villagomez/CES/ColumbiaGas@ColumbiaGas
cc: Paul Drexelius/CES/ColumbiaGas@ColumbiaGas, Noel
Bartlo/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas,
Frank Kronz/CES/ColumbiaGas@ColumbiaGas, Brian
Perrone/CES/ColumbiaGas@ColumbiaGas, Melissa
Flewellyn/CES/ColumbiaGas@ColumbiaGas, Morgan
Sharifi/CES/ColumbiaGas@ColumbiaGas
Subject: January 2000 AGT volumes

Here are the approximate January daily volumes for each of the gates.   Please
do not forget that January 1 and January 2 will be lower because of the
weekend/holiday.    I know you wanted an exact volume for 1/1 but I will not
have that for all of the Algonquin markets until Monday, 12/27.      We will
need a range from 3200 dth to 4200 dth per day.   This large swing is normal
for these types of markets due to weekends, weather, and customer situations.

 - agt012000.xls


Vince,

 I understand you'll be speaking at the CEFER conference. Gary Taylor, the
head of marketing in the Weather Deriv. group, would like to know if you plan
on mentioning weather derivatives at all and that if you do, he has numerous
existing slides and presentations that might be useful to you.

Joe

 -----Original Message-----
From:  Angela Dorsey  [mailto:Angela.Dorsey@bus.utexas.edu]
Sent: Wednesday, January 10, 2001 9:06 PM
To: Angela Dorsey
Cc: Ehud Ronn ; Sheridan Titman (E-mail)
Subject: Invitation to 2001 Energy Finance Conference - The University of
Texas at Austin

Colleagues and Friends of the Center for Energy Finance Education and
Research (CEFER):

Happy New Year! Hope you all had a wonderful holiday season.

On behalf of the University of Texas Finance Department and CEFER, we
would
like to cordially invite you to attend our:

2001 Energy Finance Conference
Austin, Texas
February 22 - 23, 2001
Hosted by the University of Texas Finance Department
Center for Energy Finance Education and Research

Dr. Ehud I. Ronn and Dr. Sheridan Titman are currently in the process of
finalizing the details of the conference agenda.  We have listed the
agenda
outline below to assist you in your travel planning.  Each conference
session will be composed of a panel discussion between 3 - 4 guest
speakers
on the designated topic.

As supporters of the Center for Energy Finance Education and Research,
representatives of our trustee corporations (Enron, El Paso, Reliant,
Conoco, and Southern) will have the $500 conference fee waived.
The conference package includes Thursday evening's cocktails &
dinner and hotel/UT shuttle service, as well as Friday's conference
meals,
session materials and shuttle service.  Travel to Austin and hotel
reservations are each participant's responsibility.

A limited number of hotel rooms are being tentatively held at the
Radisson
Hotel on Town Lake under the group name "University of Texas Finance
Department" for the nights of Thursday, 2/22/01 and Friday, 2/23/01 (the
latter evening for those who choose to stay in Austin after the
Conference's conclusion).  To guarantee room reservations, you will need
to
contact the Radisson Hotel at (512) 478-9611 no later than Monday,
January
22nd, and make your reservations with a credit card.  Please let me know
when you have made those arrangements so that I can make sure the
Radisson
gives you the special room rate of $129/night.

Please RSVP your interest in attending this conference NO LATER THAN
JANUARY 22nd to angela.dorsey@bus.utexas.edu, or (512) 232-7386, as
seating
availability is limited.  Please feel free to extend this invitation to
your colleagues who might be interested in attending this Conference.

Center for Energy Finance Education and Research
PROGRAM OF THE 2001 ENERGY FINANCE CONFERENCE
February 22 - 23, 2001

Thursday, Feb 22:

3:00 p.m. Reserved rooms at the Radisson Hotel available for
check-in
5:30 p.m. Bus will pick up guests at the Radisson for transport to
UT Club*
6:00 p.m. Cocktails, UT Club 9th Floor
7:00 p.m. Dinner, UT Club
8:00 p.m. Keynote Speaker
9:00 p.m. Bus will transport guests back to hotel

Friday, Feb 23:

7:45 a.m. Bus will pick up at the Radisson for transport to UT

8:30 a.m. Session 1 - REAL OPTIONS
  Panelists:  Jim Dyer, UT (Chair)
    Sheridan Titman, UT
    John McCormack, Stern Stewart & Co.

10:00 a.m. Coffee Break

10:15 a.m. Session 2 - DEREGULATION
  Panelists:  David Eaton, UT (Chair)
    David Spence, UT
    Jeff Sandefer, Sandefer Capital
Partners/UT
    Peter Nance, Teknecon Energy Risk
Advisors

11:45 a.m. Catered Lunch & Keynote Speaker

1:30 p.m. Guest Tour - EDS Financial Trading & Technology Center

2:00 p.m. Session 3 - RISK MANAGEMENT
  Panelists:  Keith Brown, UT (Chair)
    Vince Kaminski, Enron
    Alexander Eydeland, Southern Co.
    Ehud I. Ronn, UT

3:30 p.m. Snack Break

3:45 p.m. Session 4 - GLOBALIZATION OF THE ENERGY BUSINESS
  Panelists:  Laura Starks, UT (Chair)
    Bob Goldman, Conoco
    Ray Hill, Southern Co.

5:15 p.m. Wrap-Up

5:30 p.m. Bus picks up for transport to airport/dinner

6:30 p.m. Working dinner for senior officers of Energy Finance
Center
Trustees

*We have made arrangements to provide shuttle service between the
Radisson
hotel and UT during the conference. However, if you choose to stay at an
alternative hotel, then transportation to conference events
will become your responsibility.

**************
Angela Dorsey
Assistant Director
Center for Energy Finance Education & Research
The University of Texas at Austin
Department of Finance, CBA 6.222
Austin, TX 78712
angela.dorsey@bus.utexas.edu
**************


Dear Joe,  Members of Congress return from their Thanksgiving break on Tuesday as debate resumes in Washington.  A bill that would renew the Price Anderson Act is being brought to the floor of the House of Representatives.  The bill limits the liability for the nuclear industry in the event of a major accident.  Significant revisions were made to the legislation in the wake of the September 11 attacks, with the addition of amendments that would strengthen the security of America's nuclear power plants.     The Washington bureau will also have more reaction to the FERC's new policy for determining whether a company has market power in the electricity industry.  Join us for these reports from the Washington bureau on Tuesday.   From Houston on Tuesday, we'll bring you an update on Enron's continuing financial situation.  UBS PaineWebber's Robert Young is stopping by the Houston bureau to discuss his perspective on the negotiations between Enron and Dynegy.  He'll join us during the 10:00 a.m. ET newscast tomorrow.   The Former Energy Advisor to the Prime Minister of Iran is speaking in Houston on Tuesday.  Dr. Fereidun Fesharaki will be talking to the Asia Society about the Middle East, oil and economics. The Houston bureau will bring us a preview.   Climate Solutions Co-Director Rhys Roth will be live from Olympia, Washington during the 3:00 p.m. ET newscast on Tuesday.  West Coast Bureau Correspondent Kym McNicholas talks with Roth about the future of clean energy in the Northwest and how renewables will play a major role as a future energy source in the region.   We'll also have an update on the California Department of Water Resources' efforts to pay generators for market transactions between January and July of this year.  Join us for reports from the West Coast bureau.     ENL is hitting the road later this week.  Houston Correspondent Kim Benestante will report live from Anchorage, Alaska.  Kim is attending a conference titled: Alaska Resources 2002: Can Alaska Compete?  We'll have live coverage from the conference starting on Thursday.   ENL's Gale Smith will attend the Arctic Gas Symposium in Houston on Thursday.  The symposium will address supplying the North American market and the latest pipeline route update, among other topics.  We'll have coverage of the symposium on Thursday.    Closing Prices for Monday, Nov. 26, 2001    Crude: $18.69 -$0.27   Unleaded: $0.5217 -$0.0056   Heating Oil: $0.05217 -$0.0125   Natural Gas: $2.696 -$0.117   Keep in mind things are subject to change at a moment's notice. Occasionally guests have to cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

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


As per my previous email, attached is the latest version of the Master
Agreement marked to reflect WGM comments.

GM

(See attached file: Master Agreement marked as of 1-12-02.pdf)
++++++++++++++

Attached is the latest circulated Comprehensive License Agreement marked to
reflect WGM comments.The latest draft to the marked-up Master Agreement is
currently being scanned and will be emailed shortly.  These documents will
be discussed at the 2PM meeting in John Lavarato's office.

Regards,

Gabriel Matus

(See attached file: CLA marked as of 1-12-02.pdf)

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (212-310-8000), and destroy the original
message. Thank you.

 - Master Agreement marked as of 1-12-02.pdf
 - CLA marked as of 1-12-02.pdf


Attached please find my 11/1/00 discussion outline with Bob Baird's thoughts
in italics.  Some of Bob's concerns are covered by current DealBench
agreements (e.g., site license and access agreements).

Today, Bob, Mark Taylor and I discussed possible EOL exchange related issues
involved in a DealBench/EOL auction relationship.  The analysis may be
complicated by unrelated DealBench exchange issues raised by other DealBench
business plans.  Based upon a subsequent discussion with Suresh this
afternoon, EOL exchange issues may be alleviated by latest plan to include a
separate DealBench powered area within EOL for auctions with a link to
DealBench merely for PR purposes (rather than a link from EOL to DealBench
for EOL auctions to be conducted on DealBench).  Other unrelated exchange
issues noted in outline may still need to be resolved depending upon
DealBench business plans.

As Suresh and I discussed, we need to further discuss some of the issues
raised in the outline as DealBench business plans further develop.  Please
keep in mind that we (legal) may need some lead time to resolve issues,
particularly if regulatory authorities are involved (e.g, we decide to seek
SEC or CFTC no-action relief).

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com
----- Forwarded by Nora Dobin/Corp/Enron on 11/15/2000 07:31 PM -----

	"Baird, Bob" <RBaird@velaw.com>
	Sent by: "Matthews, Rebecca" <rmatthews@velaw.com>
	11/15/2000 10:35 AM

		 To: "'melba.trevino@enron.com'" <melba.trevino@enron.com>
		 cc:
		 Subject: FW: DEALBENCH, LLC

>  -----Original Message-----
> From:  Baird, Bob
> Sent: Tuesday, November 14, 2000 11:36 AM
> To: Dobin, Nora (Enron)
> Cc: Harvey, Dean
> Subject: DEALBENCH, LLC
>
>  <<162631_1.DOC>>
> Nora: I took your outline and put my current thinking in italics.
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

 - 162631_1.DOC


---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/11/2000
09:47 AM ---------------------------

George Hopley
07/11/2000 09:47 AM
To: Kevin M Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
cc:
Subject: Bruce

Ontario Power Generation and Bruce Power announce leasing agreement at Bruce
Nuclear

    KINCARDINE, ON, July 11 /CNW-PRN/ - Ontario Power Generation (OPG) today
announced it has entered into a major agreement with Bruce Power Partnership
relating to the facilities at the Bruce nuclear site. Bruce Power is 95% owned
by British Energy plc. The transaction provides an opportunity for the two
main unions, the Power Workers' Union and The Society of Energy Professionals
on the Bruce site, to subscribe to 5% of the equity.
    This public/private partnership involves a long-term lease agreement for
the Bruce A (3076 MW-currently in lay-up), and Bruce B (3140 MW) facilities.
The lease runs until 2018, with an option to extend for up to another 25
years. OPG will receive an initial payment of $625 M to be made in three
installments. A first payment of $400 M will be made on closing subject to
normal closing adjustments. The remaining $225 M will be paid in two
installments of $112.5 M each.
    Bruce Power's annual payments include base and variable elements. The
variable elements include a share of the net revenue, and supplementary
payments for the management of used fuel. In total these payments are
estimated to be about $150 M in calendar year 2002.
    Bruce Power will offer employment to all employees at the Bruce site,
other than those being retained by OPG. Employees remaining with OPG include
those that provide waste management and centralized nuclear operations support
services. The agreement is expected to close, subject to Bruce Power obtaining
the necessary licences, in the summer of 2001.
    "Today's announcement is good news for employees, the community, the
electricity consumer and the shareholder" stated Ron Osborne, OPG President
and CEO. "This agreement injects private equity into the Bruce facilities
which in turn will provide new opportunities for employees and the community.
It is also a major step towards opening the Ontario electricity marketplace to
competition and providing electricity consumers with choice." Osborne noted
that an additional benefit of the agreement allows OPG to concentrate on
accelerating the performance improvements underway at its Darlington and
Pickering nuclear facilities while the new company focuses on the Bruce.
    Nuclear safety continues to be of paramount importance for Ontario Power
Generation, and safety has been a key tenet for British Energy. Both companies
are committed to ensuring high safety performance standards.
    "We are delighted to be announcing the creation of a new company. Bruce
Power will demonstrate that safety and commercial success go hand in hand,"
said Robin Jeffrey, Chairman and Chief Executive Officer of British Energy
Canada Ltd. "We have a high regard for CANDU technology and for the skill of
the staff at Bruce. We are confident that by working with the staff and the
unions, Bruce Power can achieve world class safety and commercial
performance."
    To reduce its market dominance, OPG is required by conditions in its
operating licence granted by the Ontario Energy Board (OEB), to reduce its
share of generating capacity to no more than 35 per cent of that available to
the province 10 years after the market opens.
    British Energy was selected following an extensive worldwide competitive
process over the last two years. They have significant operating experience
and a proven safety track record with a range of nuclear reactor types.
    To close the transaction, Bruce Power will be required to secure licences
from the Canadian Nuclear Safety Commission (CNSC) and the Ontario Energy
Board. Bruce Power will be required to follow the stringent licensing and
operating requirements established by CNSC, formerly the Atomic Energy Control
Board.
    Ontario Power Generation is a major North American electricity generating
company. OPG's principal business is the generation and sale of electricity to
consumers in Ontario and into the interconnected markets. OPG's goal is to be
a premier North American energy company, focused on low-cost power generation
and wholesale energy sales, while operating in a safe, open and
environmentally responsible manner.
    British Energy PLC is the UK's largest electricity generator. British
Energy owns and operates 15 reactors in the UK and a further two in the United
States through its joint venture, AmerGen. British Energy's goal is to be a
worldwide electricity leader building on its "Safety First" culture and track
record of commercial success.

    BACKGROUNDER INDEX
    ------------------

    Safety:

    1.  OPG'S COMMITMENT TO NUCLEAR SAFETY
    2.  BRUCE NUCLEAR - SAFETY IS NUMBER ONE
    3.  INFORMATION ON CANDU REACTORS
    4.  EMERGENCY PLANNING IN ONTARIO

    Financial:

    5.  OPG/BRUCE POWER LEASE AGREEMENT
    6.  NUCLEAR USED FUEL, WASTE MANAGEMENT AND
        DECOMMISSIONING
    7.  CHRONOLOGY OF THE PUBLIC/PRIVATE PARTNERSHIP PROCESS

    Employees:

    8.  WHAT HAPPENS TO EMPLOYEES

    Transition:
    9.  REDUCING MARKET DOMINANCE
    10. TRANSITION ARRANGEMENTS
    11. NEXT STEPS

    General.
    12. ONTARIO POWER GENERATION
    13. QUICK FACTS ON BRUCE NUCLEAR POWER DEVELOPMENT

SOURCE Ontario Power Generation Inc.


Hi Jon,

My name is Lawrence Truong, I'm a friend of Geri
Greenall.  Actually, she was one of my CPMT assistants
in my last year at Scurfield.  I was in contact with
Geri recently and she suggested that I contact you
with regard to my interest in energy trading.

This is the primary reason that I'm writing to you
today is to ask you for some advice on the energy
trading business.  I was hoping that we could get
together for coffee or a drink sometime to discuss
your business.

I understand that you are completing the CFA this year
by writing level 3.  I am also writing level 3 this
year in Calgary.  I know that with the exam looming
ahead that you'll be extremely busy preparing, so if
your schedule permits maybe we can meet sometime the
week after the exam?

In anycase, thanks for your time and good luck with
the exam.  I hope to hear back from you.  If you wish,
I can be reached at 293-2156.  Cheers and have a nice
day.

Lawrence

__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/


If there is any way I can be of help during this busy time -- reading documents, fetching coffee, whatever -- just let me know.

Heath

C:  713-417-0383

Heath Schiesser
713-345-4585
heath.schiesser@enron.com


Gerald,

I made some changes to the LOI in the pricing section.  See what you think
and we can get it ready.

Andrew


Alan --

Some other thoughts:

1. Are we sure that we have the permission from the SC customers that we can
give out their information?  Someone may want to get the names of these
parties and more details.

2. Should we move the market power section to the third point and bring up
points 2 and 3?

Thanks.

Jim

	Alan Comnes@ECT
	11/21/2000 09:09 PM

		 To: James D Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, rcarroll@bracepatt.com, kcurry@bracepatt.com, Tim
Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT,
Dennis Benevides/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Susan J Mara/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Sarah Novosel/Corp/Enron@Enron, Christopher F
Calger/PDX/ECT@ECT, David Parquet/SF/ECT@ECT, cfergus@brobeck.com,
lanai.wolfe@enron.com, lanaiwolfe@enron.com, Mary Hain/HOU/ECT@ECT
		 cc: Marcia A Linton/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron, Maureen
McVicker/NA/Enron@Enron, Debra Davidson/PDX/ECT@ECT, Joseph
Alamo/NA/Enron@Enron, Bernadette Hawkins/Corp/Enron@ENRON
		 Subject: Comnes Affidavit Revised

Here's the latest.   If you make comments, please make them on this version.

Fax comments to BOTH 530-327-9235 (yes, "530")  and 503-464-3740 or email the
comments to AComnes@enron.com with redline/strikout turned on.

Kim Curry, please take a formatting pass if you can first thing Wed and email
back to me when done.

Alan Comnes


Hi Guys

Slight change of plan on the counterparty front - we will be offering all
metals products (currently two phys products) to the following counterparties:

- All companies on new "A" list  (see Enron aluminium list.doc and Enron
copper list.doc below)
- All companies on the old "A" list (where we have a PA for the countries
they are trading from)  (see tif file below)
- All exisiting companies on EnronOnline (list as in EOL - copy will be
forwarded as soon as avail)

Please be aware that the companies on the new "A" list may be a subset of the
companies on the old "A" list.

Please proceed with your review process on the basis of the above.

Both "A" lists are attached below for your ease of reference.

Regards

Amita

 - Enron aluminium list.doc
 - Enron copper list.doc

  Old A list


Kate,

Please approve and autoschedule.

483074 (12/21/00),471891 ( 12/4 - 12/31) changed price do to amended gas
price.

Les


Happy to help.  But I'm not sure for what you are asking.

Jeff

From: Cindy Derecskey@ENRON on 12/01/2000 02:25 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Harvard Business School

Good afternoon Jeff,

Cindy Olson referred me to you, suggesting that you would have the
information mentioned below.  Enron University Affairs, Ken Lay, Jeff
Skilling, Andy Fastow and Gene Humphrey have been working with Harvard
Business School, specifically Chris Bartlett and Meg Wozny of Harvard, on a
case study of Enron.  This study is in its last phase and the only
'roadblock' is gathering additional information.  In particular, Harvard
would like information on the 'size and growth of the risk management group'.

This information will help facilitate drawing an effective comparison of the
'old' Enron and the 'new' Enron.

Let me know if you need any additional information.

Regards,

Cindy Derecskey
University Affairs
Enron Corp.

x 3-5670


Plz see email.  Sent you info for u & Rick.  Best, Jeff


Nymex...2.70
Opal BOM...2.15
Steve has bot 95,000 and sold 95,000 basis for you....WOOOOOOOOOOD

Spray day!!!!!


Please comment ASAP.  Want to get to Fallon.

Jim

 -----Original Message-----
From: 	Tribolet, Michael
Sent:	Friday, December 14, 2001 4:58 PM
To:	Steffes, James D.; Dasovich, Jeff
Subject:	RE: NOTE ON Neg CTC

Here's my cut:

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, December 14, 2001 4:19 PM
To:	Tribolet, Michael; Dasovich, Jeff
Subject:	NOTE ON Neg CTC

Please add so we can get to Fallon on Monday.

Jim

 << File: EES and EEMC Negative CTC.doc >>


Dave just called me about the skew.  I did not understand what he was
asking.  Could you and Dave come and see Dutch and I at 2:15 so that this is
taken care of properly.  Thank you very much.

John


Hotel Westin Soberano rate $1,122 .00 pesos
Hotel Casa Grande rate $1,355.00 pesos  with a Corporate rate of  (1,085.00)

I


George,

This is the presentation I promised.

Vince


----- Forwarded by Chris Long/Corp/Enron on 04/24/2001 10:39 AM -----

	Lisa Yoho
	04/16/2001 10:14 AM

		 To: Linda Robertson/NA/Enron@ENRON, Lora Sullivan/Corp/Enron@ENRON
		 cc: Chris Long/Corp/Enron@ENRON
		 Subject: Lay / Cheney Talking Points on Steel

Linda-

Attached are the steel talking points for the Lay / Cheney meeting.   I have
made a revision to the one that's in the briefing book.   Lora - please
insert this page.   Thanks.


Cindy asked me to forward the attached memo.

Thanks,
Kathy


RRG folks:

Sorry for this, but I attached the wrong spreadsheet to the prior e-mail (below).  Please substitute the following attached spreadsheet, and I apologize for the inconvenience.

Shelly Richardson, Attorney at Law
P.O. Box 61845
Vancouver, Washington  98666-1845
U.S.A.
voice (360) 737-2464
fax (360) 737-2661
shellyr@pacifier.com <mailto:shellyr@pacifier.com>

----- Original Message -----
From: Shelly Richardson <mailto:shellyr@pacifier.com>
To: RRGA-L@LIST.RTOWEST.ORG <mailto:RRGA-L@LIST.RTOWEST.ORG>
Sent: Thursday, January 10, 2002 6:02 PM
Subject: Joint PNGC/NRU Comments on White Papers

----- Original Message -----
From: Shelly Richardson <mailto:shellyr@pacifier.com>
To: Bud Krogh <mailto:ekrogh@serv.net> ; Christine Elliott <mailto:chrisrtowest@earthlink.net>
Cc: John D. Saven <mailto:jsaven@pacifier.com> ; Darrel VanCoevering <mailto:dgv@xprt.net> ; Aleka Scott <mailto:Aleka_Scott@pngc.com> ; Geoff Carr <mailto:ghcarr@pacifier.com>
Sent: Thursday, January 10, 2002 5:52 PM
Subject: Joint PNGC/NRU Comments on White Papers

Bud and Chris:

Attached please find the joint comments (and related spreadsheet) prepared by PNGC and NRU regarding the December 14, 2001 RTOW "White Papers".  Please give us a call if you have questions, and when you want to discuss same.

Thanks and best regards for the new year!

Shelly Richardson, Attorney at Law
P.O. Box 61845
Vancouver, Washington  98666-1845
U.S.A.
voice (360) 737-2464
fax (360) 737-2661
shellyr@pacifier.com <mailto:shellyr@pacifier.com>


CMS/CRS Implementation Update Mtg.
	EB42C2-OMA696
	Friday, October 12, 2001
	1:00 PM-2:00 PM.


Can you please shut this counterparty down from trading weather.  Thanks!


Peggy,

Friday (lunch, supper),  Sat (breakfast, lunch). One person.

Vince Kaminski

Peggy Davies <Peggy_Davies@baylor.edu> on 03/30/2000 04:21:36 PM
Please respond to Peggy Davies <Peggy_Davies@baylor.edu>
To: Andres Almazan <Andres.Almazan@bus.utexas.edu>, Murray Carlson
<carlsonm@mail.utexas.edu>, Kent Daniel <kent@kent.kellogg.nwu.edu>, Wayne
Ferson <Harper1@U.Washington.edu>, Denis Gromb <dgromb@MIT.EDU>, John Hund
<Jhund@mail.utexas.edu>, Narasimhan Jegadeesh <jegadees@uiuc.edu>, Cindy
Justice <Justice@enron.com>, Matthias Kahl <matthias.kahl@anderson.ucla.edu>,
Vince Kaminski <Vince.J.Kaminski@enron.com>, Anthony Lynch
<alynch@debit.stern.nyu.edu>, Thomas Noe <tnoe@mailhost.tcs.tulane.edu>,
Robert Parrino <Parrino@mail.utexas.edu>, Manju Puri <puri@Stanford.EDU>,
Ehud Ronn <eronn@mail.utexas.edu>, Laura Starks <starks@mail.utexas.edu>,
Andrew Subra <subrahm@anderson.ucla.edu>, Steathis Tompaidis
<stathis.tompaidis@bus.utexas.edu>
cc:
Subject: Texas Finance Festival (URGENT Request)

TEXAS FINANCE FESTIVAL ATTENDEE
PLEASE RESPOND TO THE BELOW REQUEST ASAP

In preparing for the Texas Finance Festival, we are needing to finalize the
meal counts.  While we are excited about everyone coming, we do not want to
pay for meals (expensive ones by the way when on the Riverwalk in San
Antonio) if someone will not be in attendance.  Please indicate below the
meals you will be inattendance.  If you have family/significant others coming
with you, please indicate the total number including yourself.  Thanks for
your help.  Bill Petty

Number to attend
Friday lunch              Friday supper               Saturday
breakfast          Saturday lunch             Saturday supper

RFC822 header
-----------------------------------
Return-Path: <Bill_Petty@baylor.edu>
Received: from CCC_Petty (ccc-petty.baylor.edu [129.62.162.79])
by ccis01.baylor.edu (8.9.1/8.9.1) with SMTP id OAA21931
for <Peggy_Davies@baylor.edu>; Thu, 30 Mar 2000 14:35:32 -0600 (CST)
Message-Id: <200003302035.OAA21931@ccis01.baylor.edu>
Date: 30 Mar 00 14:34:59 -0600
From: Bill Petty <Bill_Petty@baylor.edu>
Subject: Texas Finacne Festival (URGENT Request)
To: Peggy Davies <Peggy_Davies@baylor.edu>
X-Mailer: QuickMail Pro 1.5.4 (Windows32)
X-Priority: 3
MIME-Version: 1.0
Reply-To: Bill Petty <Bill_Petty@baylor.edu>
Content-Type: text/plain; charset="US-Ascii"
Content-Transfer-Encoding: 8bit
X-MIME-Autoconverted: from quoted-printable to 8bit by ccis01.baylor.edu id
OAA21931
Status:

Peggy Davies
Administrative Assistant
Department of Finance, Insurance, & Real Estate
Hankamer School of Business
P.O. Box 98004
Waco, TX  76706
(254) 710-4774; FAX (254) 710-1092
Peggy_Davies@Baylor.edu


Dear Ms. Beck:

I am writing to thank you for taking your time to talk with me on the
phone this morning. I am very excited about this opprtunity to speak with
you again.

I understand that you must very busy now and I attach my resume to gain
more time to discuss how my background fits Enron's requirements and
business objectives.

I will call you at 4.30 pm today.

Thank you,

Sona

 - e_resume_S.K..doc


Anne, can we add the new pg&e topock curve to the basis transport tab?  Also,
the LT transport section is showing the transport positions through 2002,
which is incorrect.  Please review the transport deals in the model and
delete the positions.

Thanks,
Mike


On behalf of  Enron Corp. I would like to invite you to an ALP Project
presentation by a group of students
of Jesse H. Jones Graduate School of Management, Rice University.

The students will present the results of a research project regarding
electronic trading
platforms in the energy industry.

The presentation will be held on May 7, at 4:00 p.m. at Enron, 1400 Smith.

We would also like to invite you to dinner, following the presentation.

Vince Kaminski

Vincent Kaminski
Managing Director - Research
Enron Corp.
1400 Smith Street
Room EB1962
Houston, TX 77002-7361

Phone: (713) 853 3848
 (713) 410 5396 (cell)
Fax  :      (713) 646 2503
E-mail: vkamins@enron.com


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

*****Reminder Notice************

Dear Market Participants

On October 17, 2001, the NYISO web servers will be upgraded.  This will
require both software and hardware changes.  While these changes will be
transparent to the users, these changes will require that the MIS system
be unavailable for approximately 60 minutes.  The outage will begin at
approximately 11:35 AM.  Market Participants planning on submitting
HAM transactions or modifying Day Ahead bids should act accordingly.

The NYISO will minimize the duration of the outage as much as possible
as we recognize the inconvenience caused by system outages.  Ultimately,
these changes will result in a more stable environment and provide enhanced
services that the current web servers are unable to perform.

If you have any questions, please call your Customer Relations
Representative or the Help Desk at (518) 356-6060.

Thank You
Customer Relations


I think I have 35,000 continental miles also.  I think that it is only 20,000
for a free flight.  You decide.
PL


Maybe if you had done more to relieve my boredom yesterday I would have been
more willing to drive you back downtown.  I'm glad you made it back somewhat
safely.

Later
RR

Becky Pitre
02/15/2001 12:58 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Thanks

Thanks for not giving Shannon and I ride back downtown.  I  now have whip
lash and a headache.  We were lucky to make it here alive.  B


Hello all,

I will see you in finance tonight - I have been sick and travelling so have
been a little out of the loop lately.

I should be there by the time break starts - I will be in class a little
late today.

At 12:03 PM 11/27/00, Jacqueline Kelly wrote:
>Sorry about that!  We didn't get a break on Monday!!  We had to go to meet
>with the law students in another part of campus to debrief a negotiation
>that we did with them.
>
>My palm purged all of the data over the weekend, so I couldn't leave you
>guys a message.  Another reason why Ted's address book is better than my
>palm.  :)
>
>My family leaves tomorrow morning, so hopefully I can get back in sync with
>school.
>
>tomorrow at the break works for me!
>
>-Jackie
>
>-----Original Message-----
>From: Chris Neale [mailto:chrisjneale@hotmail.com]
>Sent: Monday, November 27, 2000 11:42 AM
>To: JKelly@fairisaac.com; Jeff.Dasovich@enron.com
>Cc: kupiecki@haas.berkeley.edu; tedchin@hotmail.com
>Subject: RE: spreadsheet
>
>
>Hey gang,
>
>I hope you all had a geat Thanksgiving.  Where were you last Monday?
>Anyway, I will be at the Tuesday Finance class if we need to meet at the
>break.
>
>Chris
>
>
> >From: Jacqueline Kelly <JKelly@FairIsaac.com>
> >To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
> >CC: "Chris Neale (E-mail 2)" <chrisjneale@hotmail.com>, "Kimberely Kupiecki
>
> >(E-mail)" <kupiecki@haas.berkeley.edu>, "Ted Chin (E-mail)"
> ><tedchin@hotmail.com>
> >Subject: RE: spreadsheet
> >Date: Wed, 22 Nov 2000 13:00:03 -0800
> >
> >Hopefully you will all get this...I have been having computer problems all
> >day.
> >
> >Jeff thanks again for your help...btw, what's your finders fee?
> >
> >-Jackie
> >
> >
> >-----Original Message-----
> >From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
> >Sent: Wednesday, November 22, 2000 12:18 PM
> >To: Jacqueline Kelly
> >Subject: Re: spreadsheet
> >
> >
> >
> >Hey, fearless, leader. You going to distribute that spreadsheet?  And when
> >do we need to regroup.
> >
> >Happy Thanksgiving.  I'll report by on my conversations with Mike.
> >
> >Best,
> >Jeff
> >
> ><< FINgroupproject.xls >>
>
>____________________________________________________________________________
>_________
>Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

Kimberly Kupiecki
Director
A&R Partners
kkupiecki@arpartners.com
(650) 762 2800 main
(650) 762 2825 direct
fax (650) 762 2801


(See attached file: HPLN1212.xls)

 - HPLN1212.xls


Please see the bold language in the article below about PG&E's recent SEC
filing.  Sounds like our "negative CTC's."

Michael--do you have a copy of that SEC filing?  MDS

NEW YORK (Reuters) - PG&E Corp.(NYSE:PCG - news), embattled parent of Pacific
Gas & Electric Co., said on Wednesday it is examining a restructuring of its
bank loans and commercial paper, and that bank lenders on a $1 billion
revolving credit facility to its California electric utility unit won't act
upon that unit's previously announced default until March 6.
San Francisco-based PG&E made the disclosures in a filing late Wednesday with
the Securities and Exchange Commission (news - web sites) (SEC). The utility
had about $1 billion in cash as of Tuesday, PG&E said.
A similar bank deadline affecting credit lines of Southern California Edison
(news - web sites), that state's No. 2 utility and a unit of Rosemead,
Calif.-based Edison International(NYSE:EIX - news), was to expire on Tuesday.
PG&E also said in its filing that as of Monday, Pacific G&E, California's No.
1 utility, may not have paid as much as $433 million of ``energy credits'' to
customers who have chosen to buy their electric energy from a provider other
than Pacific G&E. The utility is required under state regulations to offer
the credits, it said.
Pacific G&E and SoCal Edison have been unable to recover about $12 billion
because of a rate freeze imposed under California's 1996 utility deregulation
law, which has left them unable to pass on their soaring wholesale power
costs to consumers.


I got the pictures.  He is precious.  I can see why you are so happy and want
to stay home with him.


Robert Neustaedter@ENRON_DEVELOPMENT
	09/19/2000 11:44 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro@EES, James D Steffes@EES,
Mark Palmer/Corp/Enron@ENRON
		 cc: Harry Kingerski@EES
		 Subject: Natural Gas Price Increase

As discussed in last Friday's meeting on strategies related to higher energy
prices, Harry asked me to develop the attached projection of delivered gas
prices for this winter.

The projection is based upon EIA's monthly analysis of delivered gas prices
for residential, commercial and industrial customers for selected states
(Connecticut, Virginia, Illinois and Texas) for the 1999-2000 winter heating
season (Nov-Mar).  Assuming pipeline and LDC mark-ups remain constant, the
delivered prices were adjusted for the NYMEX Henry Hub projection of wellhead
prices for the 2000-2001 winter period.  A national projection is also
included.

Because the commodity portion of the gas bill for residential customers is a
smaller percent of the total bill compared to commercial and industrial
customers, the increase for residential customers will be less pronounced
than for commercial or industrial customers.  In addition, LDC purchased gas
cost mechanisms will moderate the effect of the price increase to some extent
because monthly price increases are averaged out over an extended period (12
months in some cases).  Furthermore, some state public utility commissions
(e.g. Connecticut) are conducting meetings with LDCs to discuss looking for
ways to lessen the impact of the projected increases. That being said, Nipsco
recently announced residential prices are expected to increase 50-60% this
winter over last winter (in line with the projection for Illinois).

If you are interested in a similar projection for other states, or have
comments with respect to the above let me know.


AMEREX
All deals o.k.

PREBON

Mark Fischer
deal 564894
Prebon does not recognize

BLOOMBERG

Mark Fischer
I am missing the following deal:
Enron sells to El Paso 25 mw May PV  $304.00
I believe this deal is the deal prebon does not recognize--564894


Our "spec" is <.05 ppm.  I talked to Doug about whether or not the measurement can be made to a greater degree of accuracy.  We believe it is not but Doug said he would provide us with a contact to call concerning the vanadium measurement accuracy.  I'm still waiting on that contact name and number.  The thought here was to have this contact discuss the iissue first-hand with the engineering team so a judgement can be made.

Thanks,

Charlie

---------------------- Forwarded by V Charles Weldon/HOU/ECT on 05/16/2001 11:05 AM ---------------------------
To:	V Charles Weldon/HOU/ECT@ECT
cc:
Subject:	Re: Fuel Oil Sample

Saybolt test result for low sulfur #2 vanadium is less than 0.1ppm using ASTM D-3605. Give me your fax number and I can send you a copy.

	Enron North America Corp.  From:  V Charles Weldon                           05/14/2001 09:02 AM

To:	Doug Leach/HOU/ECT@ECT
cc:
Subject:	Fuel Oil Sample

Doug,

This note is just to confirm my voicemail message this morning  indicating that the charges for the Fuel Oil sample check for vanadium should be charged to Co# 0413, RC # 106230.  According to the spec sheet I have, the ASTM method for vanadium is D3605 and the units of measurement are ppm (wt).

Again, I appreciate your patience in this frustrating issue.

Charlie

<Embedded StdOleLink>


Hello-
Looks like alot of Mark Fischer's west deals are coming over as CAISO firm
energy, for example deal 458255.01.  Please change, needs to be Frim Energy,
we will need to revise the Confirmation Letter.  CAISO energy on NP 15, SP
15, and Zp 26 delivery points only.

Thank you
Stephanie


Have you been able to get ahold of them for problems in the past week?  They
were really bad, and I complained, I want to know if they have gotten better
before I start sicking traders on them.

c


ENERGY COMMITTEE  MEMBERS:
As discussed at  yesterday's committee meeting, attached is language that Joe
Desmond drafted in  response to the CPUC Proposed Decision on Direct Access.?
Final comments of  the SVMG must be submitted at tomorrow's PUC hearing.?
Please review the  following language and respond by 4pm today so that any
clarifications can be  made.? I will forward your comments on to Joe by close
of business  today.? Thanks for your quick response.?  Laura
 - Comments to the Draft Decision of ALJ Barnett.doc


Thank you for the opportunity to meet this morning.  I spoke bluntly.  Please know that it is because of my confidence in you and the rest of our management team that I felt inspired to do so.  If we can have frank discussions in times like these, we will emerge even stronger.  Thank you for standing up there and taking the heat.


EFF_DT PORTFOLIO_ID DOWN95
12/13/00 MANAGEMENT-CRD 0
12/13/00 MANAGEMENT-GAS 2,013,783.
12/13/00 MANAGEMENT-PWR 344,987.
12/13/00 AGG-MANAGEMENT 2,230,055.


Winfield Tchnology will be here tommorrow to demo their software from 2-3:30 p.m. in room 3127 the big room next to T.Jae.  Your presence is appreciated.  Jeff Miller saw the demo two weeks ago and suggested that we atleast look at it.

Thanks
Kayne


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		Bible Verse of the Day
		Friday December 1, 2000

		John 18.37

		The Access Bible, NRSV, New Testament, Page 164

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Stephanie,

Transwestern has been in discussions with ENA since very early December regarding the sale of the Enron Compression Services gas. The ECS off take is supposed to be 11,000 per day. The fact that ECS was not able to nominate their gas has been problematic for Transwestern in that it causes our line pack to be higher than it otherwise would be. When we began discussions, we were open to the idea of getting the full volume out of our system by the end of the month. If a nomination could have been made that resulted in a sale starting at the beginning of this week, ECS could have sold the entire 363,000 in December. At some point, it becomes unrealistic to expect to be able to do that. It has taken ECS so long to arrange for an agent that a now we are looking at selling the entire volume in just 12 days (~30,000/day).

I was expecting the following two things from ENA, 1) confirmation from you that ECS was set up to sell their gas, and 2) a start date for a sale with some advanced notice. I would then have conferred with operations to see if it would be possible to move the entire 363,000 in December. I did not expect ENA to arrange the sale before circling back with TW. If I had known that you were about to close a sale, I could have arranged to be pulled out of my meetings Tuesday afternoon.

I have advised Patti Sullivan that TW is able to deliver 25,000/d through the end of the month. The balance can be delivered in January.

I am confident that things will run smoother in the future.

Regards,

Paul

-----Original Message-----
From: Miller, Stephanie
Sent: Tuesday, December 18, 2001 8:24 PM
To: Y'barbo, Paul
Cc: Tholt, Jane M.; Boyt, Eric; Nemec, Gerald; Gay, Randall L.
Subject: TWPL Imbalance

Greetings Paul:

Eric Boyt advised that TWPL was not in a position to deliver the full volume of approx. 363,000 mmbtu for the remainder of the month for the account of Enron Compression Services.  This would have been good information to know BEFORE we sold the gas.  I left a couple of messages today but never heard from you.  Unfortunately, we have sold this volume, at your repeated request, and are not in a position to retrade the deal.

To the extent TWPL is unable to perform, please call Janie Tholt or Randy Gay to see if they can reduce the commited volume.

I am scheduled to be out tomorrow but may have to come in for the afternoon.

Please advise ASAP.

Ragards,

Stephanie
x31688


Today is good 12:30 ? Cafeteria is fine.

 -----Original Message-----
From: 	Elbertson, Janette
Sent:	Monday, July 23, 2001 10:16 AM
To:	Perlingiere, Debra
Subject:	RE:

I'm free any day but Tuesday.  I better pass on the Comets game.  My weekends seem to be taken up with condo matters, house hunting.  Thank you though.  Are you free for lunch today.  I want to go to the cafeteria for vegetables.  Let me know if you are interested.

Janette Elbertson
Administrative Coordinator
EWS Legal, EB3326
Telephone:  (713) 853-7906
Facsimile:  (713) 646-2600
e-mail address:  janette.elbertson@enron.com

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Monday, July 23, 2001 9:19 AM
To:	Elbertson, Janette
Subject:

 Are you free for lunch some day this week?  Also,  I have an extra ticket for the Comets game on Sat.  you said you wanted to go?  The game is at 12:30 Sat @ Compaq Center.  Would love for you to join us.  I am bringing two of my girlfriends from LJ.

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


Can you check with the trader on this deal.  We have had to change several
deals input with this CP name.  I believe it should be FPL Energy Power Mktg.
not  Florida Power & Light Company.  I think one is a utility which would be
local and one is a marketer, who can trade anywhere.

Thanks!


Hi, am going to copy you on the penalty language and sample confirm with penalty language I sent to Matt Fleming today.  I will follow up and forward to you, a sample of a normal fully-managed confirmation.  I think the "normal" confirm could easily be duplicated.  I will also send a more complex version that I think will have to be done by Legal.

See below for penalty language info.
Thanks, Christy
---------------------- Forwarded by Christina Finelli/HOU/EES on 10/18/2001 03:51 PM ---------------------------

Christina Finelli
10/18/2001 03:28 PM
To:	Matthew B Fleming/Enron@EnronXGate, Barend VanderHorst/Enron@EnronXGate, Joseph Des Champs/Enron@EnronXGate
cc:
Subject:	Tier -- Penalty Language

Here is a sample confirmation showing what we would do with Tier 4 penalty language on a term deal.  On a spot deal, the GTC's would just be attached.  Also attached is a sample of Tier Language for your use.


Bruce and Rob,

This is the latest from AA on what they want to see in an internal and external legal letter on Dabhol.  They now say they need both letters the earlier of 1) when they sign off on the 3rd Qtr 10-Q or 2) December 15, 2001.  Give me a call and we can discuss further.

Sommers

 -----Original Message-----
From: 	derick.e.smith@us.andersen.com@ENRON
Sent:	Saturday, November 17, 2001 6:56 PM
To:	Sommers, Jeffrey E.
Subject:

For DPC letters...
---------------------- Forwarded by Derick E. Smith on 11/17/2001 06:30 PM
---------------------------

To:   Derick E. Smith@ANDERSEN WO
cc:
Date: 11/17/2001 06:14 PM
From: Sheila L. Poole, Houston 711 Louisiana, VPN 237 / 5405 OR DIRECT 713
      237 5405
Subject:

Here is the Dabhal legal letter wording.l
Sheila

(See attached file: Dabhal Legal Letter Wording.doc)

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 - Dabhal Legal Letter Wording.doc