California Cites Generators For Withholding Documents
The New York Times, 06/29/01

Senate Panel Lashes Out at 2 Energy Firms Hearings: Lawmakers hold Enron and
Mirant in contempt for refusing to help in pricing probe.
Los Angeles Times, 06/29/01

Calif Panel Cites Power Cos For Withholding Documents
Dow Jones Energy Service, 06/29/01

California Senate committee cites power companies for contempt for
withholding documents
Associated Press Newswires, 06/29/01

INDIA: Buyers seek price cut from Enron India unit-paper.
Reuters English News Service, 06/29/01

Fibernet upbeat on European progress
The Independent - London, 06/29/01

ANOTHER US ENERGY CO MAY GET INVOLVED IN INDIAN DABHOL PROJECT
Asia Pulse, 06/29/01

India: States willing to buy only 700 MW surplus from DPC
Business Line (The Hindu), 06/29/01

ENRON GROUP DEVISES $US50MLN INDIA OILFIELD EXPANSION PLAN
Asia Pulse, 06/29/01

Enron held in contempt in California
Houston Chronicle, 06/29/01

Duke Energy to buy Enron power plant
Houston Chronicle, 06/29/01

USA: Calif. Senate panel cites generators for contempt.
Reuters English News Service, 06/28/01

Enron, Mirant Held in Contempt by Calif. Senate Panel (Update2)
Bloomberg, 06/28/01

Duke Energy Agrees to Buy Mississippi Power Plant From Enron
Bloomberg, 06/28/01

U.S. Power Suppliers' Second-Quarter Profits to Rise (Update1)
Bloomberg, 06/28/01

National Desk; Section A
California Cites Generators For Withholding Documents
By LAURA M. HOLSON

06/29/2001
The New York Times
Page 18, Column 5
c. 2001 New York Times Company

SACRAMENTO, June 28 -- California legislators turned up the heat on power
generating companies today, citing two of them for not handing over documents
necessary in the state's continuing hearings on the spike in electricity
prices.
A special legislative panel, called the Senate Select Committee to
Investigate Market Manipulation, unanimously passed a contempt motion this
afternoon saying that the Mirant Corporation, based in Atlanta, and the Enron
Corporation, based in Houston, had failed to respond to a June 11 subpoena
asking for documents.
The motion comes as the committee is trying to follow the paper trails to
determine if power generating companies willfully manipulated the supply of
electricity here last year in an effort to drive up prices. Several state
agencies are investigating similar charges.
Other companies, including Reliant Energy and Dynegy Inc., complied with the
committee's requests for thousands of documents related to power sales and
bidding procedures. Several other companies, which include the Williams
Companies, the Duke Energy Corporation, the AES Corporation and NRG Energy
Inc., are expected to hand over documents in two weeks.
California's two largest utilities have racked up $14 billion in debt,
forcing one to file for bankruptcy protection. Last week, three former
employees of Duke Energy told the committee that they observed behavior that
they believed was consistent with market manipulation. Duke denied the
charge, saying there was no merit to the accusations.
The chairman of the select committee, Joseph Dunn, a Democrat, said that if
Enron and Mirant complied with the request by July 10, the contempt order
would be expunged. ''We were not seeking to find contempt but to obtain
compliance,'' he said today. ''Unfortunately, we had to find contempt.''
The documents were subpoenaed earlier this month by the Senate Rules
Committee to obtain details on bidding, pricing and other aspects of power
sales. The power companies have said that they have not complied because they
have not been able to negotiate an acceptable confidentiality agreement.
By seeking the contempt citations, the committee needs the full Senate to
follow through. There are no set penalties, said Laurence Drivon, the
committee's special counsel, adding that by law, ''the Senate can take such
action as it deems necessary and appropriate.''
Patrick Dorinson, a spokesman for Mirant, said the company was seeking
assurances that any information it handed over, which it considered
proprietary, not be made public. He said the company had been negotiating
with the committee up until today and hoped to resolve its concerns in the
next few days.
For Enron's part, a representative of that company sent a letter to Mr. Dunn
outlining its objections to turning over documents. Michael Kirby, a San
Diego lawyer, wrote that the documents the committee wanted were outside the
state and thus out of the jurisdiction of the California subpoena. He also
wrote that the committee was asking the company to reproduce documents that
other state regulatory agencies already have.
He called the subpoena's orders ''vague, unduly burdensome, often
argumentative and beyond the scope and extent of both the subpoenaing party's
legal and regulatory authority and subpoena power.''
Today's legislative action took place in an atmosphere of increasing attacks
on the power generators. A poll by The Los Angeles Times this week found that
86 percent of Californians interviewed believed that power companies had
manipulated the electricity market in the state.
Duke Energy, based in North Carolina, opened a campaign this week to do
something about this widespread public view, taking out full-page newspaper
advertisements in California to defend itself against accusations that it cut
production to drive up profits.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

California; Metro Desk
Senate Panel Lashes Out at 2 Energy Firms Hearings: Lawmakers hold Enron and
Mirant in contempt for refusing to help in pricing probe.
CARL INGRAM
TIMES STAFF WRITER

06/29/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- Angered by the refusal of electricity wholesalers to surrender
information about suspected price gouging, a Senate committee voted Thursday
to hold two big energy companies in contempt of the Legislature.
It was uncertain what punishment, if any, may be in store for Enron Corp. of
Houston and Mirant Corp. of Atlanta. But committee members said potential
sanctions could include heavy fines and/or the jailing of corporate
executives.
"Jailing of an individual is an option and we intend to preserve all our
options," warned state Sen. Joe Dunn (D-Santa Ana), chairman of the committee
investigating whether the wholesalers had manipulated the market.
"Could we impose, say, $9 billion in fines?" Sen. Debra Bowen (D-Marina del
Rey) asked rhetorically.
Enron reacted angrily. "This is a shakedown," charged spokesman Mark Palmer.
"And if this is a shakedown, we're going to protect our legal rights."
Enron had further enraged the committee by sending a letter saying the
legislative panel had no authority to conduct its investigation because
wholesale prices were the "exclusive jurisdiction" of the Federal Energy
Regulatory Commission.
A spokesman for Mirant said the company intends to keep talking to the
committee to reach an agreement.
The bipartisan committee had been prepared to find eight generators--mostly
out-of-state companies--in contempt for refusing to produce the subpoenaed
records. But by the end of the four-hour hearing, companies that said they
would cooperate--AES, Duke, Dynergy, NRG, Reliant and Williams--escaped a
citation, at least temporarily.
Though the committee found Enron and Mirant in contempt, its action is
subject to ratification by the full Senate.
Dunn said contempt citations are so rare there are few guidelines to follow
in determining a punishment. He said it "could be anything that the Senate
believes is necessary and reasonable."
The finding of contempt for failure to obey a legislative subpoena is rarely
used in California. Sources said it last was done in 1929 when an officer of
a cement company refused to cooperate in a price-fixing investigation.
Late in 2000 and earlier this year, the profits of major electricity
wholesalers soared astronomically, throwing the state's two biggest
utilities, Pacific Gas and Electric Co. and Southern California Edison Co.,
into financial chaos. Edison is teetering on bankruptcy and PG&E is in
Bankruptcy Court.
The committee, which first asked the companies to provide the information
voluntarily in April, encountered strong resistance from the energy
companies. They complained that their trade secrets might be exposed to
competitors, the public and government regulators.
Frustrated, the committee two weeks ago issued subpoenas demanding the
information, including whether the power sellers had destroyed any records.
The committee set Thursday as the deadline for compliance and threatened to
find violators in contempt, a tactic that appeared to turn around all but
Enron and Mirant.
"Let's move forward. We want to facilitate your investigation," said Duke
attorney Joel Kleinman of Washington, whose company had objected to its
subpoena.
At the last minute, several sellers began sending urgent fax letters or
witnesses to Dunn. Dunn said a quick scan of the letters showed wholesalers
were pleading for a second chance and assuring that the subpoenaed data would
be forthcoming.
Kleinman told the committee Duke did not want to be held in contempt.
"We will make tens of thousands of documents available for inspection,"
Kleinman said.
But he said Duke and the committee staff still must settle on a
confidentiality agreement, a matter he indicated was close to resolution.
Other wholesalers appeared to fall into line.
Dunn said he was concerned that "minor problems" in reaching a
confidentiality agreement might become a tactic for further delay.
The committee gave the six companies until July 10 to reach confidentiality
agreements and turn over a vast assortment of records.
The contempt finding against Mirant and Enron would be abandoned if they,
too, provided the confidential documents by July 10, when the committee will
review the companies' compliance.
The wholesalers also are the targets of similar investigations by Atty. Gen.
Bill Lockyer and the state Public Utilities Commission.
Times staff writer Nancy Vogel contributed to this story.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Calif Panel Cites Power Cos For Withholding Documents

06/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

SACRAMENTO, Calif. (AP)--A Senate committee investigating possible price
manipulation in California's energy markets cited two power generators for
not turning over documents requested for the probe.
The documents - which include details on bidding, pricing and other aspects
of power sales - had been requested in subpoenas issued earlier this month to
Enron Corp. (ENE), Mirant Inc. (MIR) and four other generating companies.
On Thursday, the Senate Select Committee to Investigate Market Manipulation
approved a contempt motion, citing Enron and Mirant for not producing the
materials. The other four generators complied.
The motion still needs approval by the full Senate.
The Senate Rules Committee had subpoenaed the materials.
Enron, based in Houston, said its documents are outside the committee's
jurisdiction because they are kept in Texas. An attorney for Atlanta-based
Mirant said the company wanted to comply, but didn't act quickly enough to
avoid the contempt vote.
California law doesn't specify penalties for a contempt finding, said
Laurence Drivon, the committee's special counsel. "The Senate can take such
action as it deems necessary and appropriate," he said.
Enron's claim that the committee lacked jurisdiction outraged some senators,
who said previous legislative investigations have sought documents from
throughout the world.
"If they've done nothing, if they've got nothing to hide, there's no reason"
not to comply, said Sen. Debra Bowen.
The committee has been negotiating with the companies to try to reach a
confidentiality agreement for the release of the documents, and has asked the
generators to sign agreements not to destroy any potentially relevant
documents.
So far, some companies have agreed verbally, but none has signed.
Duke Energy (DUK) agreed to comply with the subpoenas and store documents in
a repository in Sacramento, if the company and the committee can agree on how
to keep the documents confidential. Lawyers for both sides said they could
work out an agreement.
Enron and Mirant can have the contempt citations withdrawn if they turn over
the requested documents to the repository by July 10.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

California Senate committee cites power companies for contempt for
withholding documents
By JENNIFER COLEMAN
Associated Press Writer

06/29/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SACRAMENTO, Calif. (AP) - A Senate committee investigating possible price
manipulation in California's energy markets cited two power generators for
not turning over documents requested for the probe.
The documents - which include details on bidding, pricing and other aspects
of power sales - had been requested in subpoenas issued earlier this month to
Enron Corp., Mirant Inc. and four other generating companies.
On Thursday, the Senate Select Committee to Investigate Market Manipulation
approved a contempt motion, citing Enron and Mirant for not producing the
materials. The other four generators complied.
The motion still needs approval by the full Senate.
The Senate Rules Committee had subpoenaed the materials.
Enron, based in Houston, said its documents are outside the committee's
jurisdiction because they are kept in Texas. An attorney for Atlanta-based
Mirant said the company wanted to comply, but did not act quickly enough to
avoid the contempt vote.
California law does not specify penalties for a contempt finding, said
Laurence Drivon, the committee's special counsel. "The Senate can take such
action as it deems necessary and appropriate," he said.
Enron's claim that the committee lacked jurisdiction outraged some senators,
who said previous legislative investigations have sought documents from
throughout the world.
"If they've done nothing, if they've got nothing to hide, there's no reason"
not to comply, Sen. Debra Bowen said.
The committee has been negotiating with the companies to try to reach a
confidentiality agreement for the release of the documents, and has asked the
generators to sign agreements not to destroy any potentially relevant
documents.
So far, some companies have agreed verbally, but none has signed.
Duke Energy agreed to comply with the subpoenas and store documents in a
repository in Sacramento, if the company and the committee can agree on how
to keep the documents confidential. Lawyers for both sides said they could
work out an agreement.
Enron and Mirant can have the contempt citations withdrawn if they turn over
the requested documents to the repository by July 10.
---
On the Net:
Senate select committee:
www.sen.ca.gov/ftp/sen/committee/select/INVESTIGATE/-home1/PROFIL .H TM
Enron: http://www.enron.com
Mirant: http://www.mirant.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA: Buyers seek price cut from Enron India unit-paper.

06/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, June 29 (Reuters) - Enron's troubled 2,144-MW Dabhol power plant,
whose only buyer has stopped purchasing electricity, can find customers for
700 MW if it cuts its price, a business daily said on Friday.
The Hindu Business Line said the Central Electricity Authority submitted a
report to the power ministry saying the southern state of Karnataka was
willing to buy 300 MW from Dabhol Power Co in the western state of
Maharashtra.
It said Madhya Pradesh in central India could take 100 MW and Rajasthan in
northwestern India wanted 150 MW while the western state of Gujarat and
Haryana and Delhi in the north wanted 150 MW.
Karnataka said it was willing to pick up power at under three rupees while
others were willing to buy at around 2.8 rupees, the newspaper said.
At peak capacity, Dabhol, which is owned 65 percent by Houston-based Enron,
charged 4.75 rupees per kilowatt hour, more than the cost of electricity from
state-owned plants.
But after the Maharashtra State Electricity Board defaulted, Dabhol scaled
down to 25 percent capacity and charged 7.1 rupees, more than triple the rate
of other suppliers.
Earlier this month, India's Junior Power Minister said Dabhol had offered to
charge much less for power from the second phase of its $2.9 billion project.
But a Dabhol spokesman said then it was too early to talk about specific
tariff cuts as they would depend on the plant load factor, the exchange rate
and the prevailing oil price.
The plant's first phase of 740 MW began operations in May 1999. The second
phase would have added 1,444 MW this year but its contractors stopped work
this month as lenders were unwilling to support the venture.
The federal government recently asked the Central Electricity Authority to
talk to power-deficient states and find out if they were willing to buy power
from Dabhol.
Federal Power Minister Suresh Prabhu told Reuters on Thursday the CEA had
prepared a preliminary report and another one looking at the price elasticity
of demand would be sent later.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business
Fibernet upbeat on European progress
Liz Vaughan-Adams

06/29/2001
The Independent - London
FOREIGN
21
(Copyright 2001 Independent Newspapers (UK) Limited)

FIBERNET, WHICH supplies and installs high-speed data networks to businesses,
delivered an upbeat trading statement yesterday, saying it had made positive
progress in the UK, Germany and France.
The company, which has some pounds 100m cash in the bank, said in the light
of the profitable growth of its UK business, it remained "confident" of
continuing progress.
Shares in Fibernet jumped 52.5p to 350p. At the height of the internet bubble
in spring of last year, the stock had traded as high as pounds 27.87.
The company, which was updating investors on trading in its third quarter to
31 May, said it had won new business from Credit Lyonnais, Thus and Enron,
adding to a blue-chip client base that already includes the likes of JP
Morgan, HSBC and Lloyds TSB.
In the UK, the company said it was seeing a high rate of renewals on original
three and four-year network service contracts that had expired. It also said
it was continuing to develop new business in its service provider markets
"and in spite of the current volatility within this sector both cash and
collectibles remain to budget".
Fibernet also said the costs of building telecoms networks in Germany and
France should be less than originally budgeted. The company is building a
3,300km network in Germany and expects to start delivering services in
Frankfurt "imminently" while national services should be available in August.
Fibernet said it believed its performance there would be "in line" with
market expectations.
In France, Fibernet said its development activities were also progressing "as
planned" and that it had also identified potential acquisition targets.
In the six months to February, Fibernet reported Ebitda of pounds 9.9m, up 50
per cent from a year ago. Pretax profits more than doubled to pounds 3.2m.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

ANOTHER US ENERGY CO MAY GET INVOLVED IN INDIAN DABHOL PROJECT

06/29/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

MUMBAI, June 29 Asia Pulse - United States-based energy company AES has said
that it would consider getting involved in the Enron-promoted Dabhol Power
Company (DPC) if an opportunity presented itself.
"We have not received any such proposals and as a global power company we
have a long-term view of the Indian power scenario and will consider getting
involved in DPC and other Indian power projects at an approriate time", AES
(India) exective director Surender Singh told PTI here over phone from Delhi.
AES had not made any former proposal in this regard to its stakeholders,
Singh said adding the power utility considers important the commitment and
willingness of parties to honour a contract for its investment decision in
any project.
+This is the basis of our current investment and for any future investment in
India and any other country+, he said.
Singh, however, denied media reports that the US energy major had offered to
reduce DPC's +costly+ tariff to less than Rs three per unit including
transmission cost.
"We have never spoken about being interested in the project at this stage,
let alone the reduced tariff part," he clarified.
Currently, AES (India) holds 49 per cent stake in Orissa Power Generation
Company and owns the distribution firm Cesco.
The company was reportedly in trouble, similar to DPC's over non-payment of
dues to the tune of Rs 209 crore from the state-owned distribution company
GRIDCO in Orissa.
(PTI) 29-06 1736

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

India: States willing to buy only 700 MW surplus from DPC

06/29/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

NEW DELHI, June 28. THE Central Electricity Authority (CEA) has told the
Power Ministry that the neighbouring States will be willing to purchase only
700 MW of surplus power from the Dabhol project.
Some States have said that they are interested in peak power. Karnataka,
Delhi, Gujarat, Haryana and Madhya Pradesh have suggested an average contract
period of two years.
Karnataka is the only State which has shown interest in picking up power
round the clock, throughout the year.
While it has pitched for 300 MW of DPC power, Madhya Pradesh has indicated
100 MW consumption, Rajasthan 150 MW and Delhi, Haryana, Gujarat pitching in
for the rest.
These States have said that they would have nothing to do with Dabhol Power
Company and that they would enter into a purchase contract only with
Maharashtra State Electricity Board.
Tamil Nadu and Andhra Pradesh have told CEA that they are not interested in
picking up the surplus power from the Dabhol project.
On the pricing front, while Karnataka has said that it was willing to pick up
power at a price less than Rs 3 per unit, the others have suggested a
marginally lower price in the range of Rs 2.80 per unit.
The finding comes on the eve of the negotiating committee meeting on Friday.
One of the crucial issues facing the Dabhol project was the offtake of power
from the second phase having a capacity of 1,415 MW.
Power trade picks up: Even as the Enron controversy continues, power trade in
the country has picked with the Power Trading Corporation (PTC) structuring
an innovative deal to purchase 150 MW power from West Bengal and sell it
across to the northern States.
This is unique since payment for power is to be made on a weekly basis as
against the convention of monthly billing. According to the PTC Chairman, Mr
T.N. Thakur, such an arrangement would disincentivise payment default. This
is because longer payment cycles make room for larger defaults and result in
negotiations relating to partial payment in order to restore power sale.
To ensure that this commercial argument works, PTC's contract with the seller
includes a clause whereby it is not bogged down by any take-or-pay
arrangements. Hence, the purchasing States know that the threat to cut power
supply is a reality with no attendant financial encumbrances for PTC.
With regard to the seller, the lenders to the project in case of private
sector have raised objections as in the case of the Bhilwara group-promoted
Malana hydel project in Himachal Pradesh. In a deal similar to the West
Bengal contract, PTC is selling power from the project to Delhi.
- Balaji C. Mouli

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

ENRON GROUP DEVISES $US50MLN INDIA OILFIELD EXPANSION PLAN

06/29/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

NEW DELHI, June 29 Asia Pulse - A consortium of Enron, Oil and Natural Gas
Corporation (ONGC) and Reliance is working on a US$50 million development
plan to increase reserves in the Panna-Mukta oil and gas fields to 214
million barrels of oil and oil equivalent gas.
The proposed expanded plan of development under consideration envisaged
increasing reserves to 214 million barrels of oil and oil equivalent gas
through drilling new wells and 3D modeling over the next two years, sources
in the consortium said.
Current estimates of the balance of recoverable reserves from the Panna-Mukta
fields are 184 million barrels of oil and oil equivalent gas.
The Panna and Mukta fields currently produce over 29,000 barrels of crude oil
and 2.5 million cubic meters of gas per day, sources said.
The development plan would increase the recoverable reserves by 16 per cent.
ONGC has a 40 per cent interest in the unincorporated joint venture with
Enron and Reliance to develop proven oil and gas fields at Panna, Mukta and
Tapti. Enron and Reliance hold a 30 per cent share each in the $US900 million
venture.
From the Tapti field, 1,974 million cubic meters of gas was produced during
2000-01.
Oil and gas produced from the Panna-Mukta and Tapti fields was at present
being sold to the state-owned Indian Oil Corporation (IOC) and Gas Authority
of India Ltd (GAIL), sources added.
(PTI) 29-06 1021

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

June 29, 2001
Houston Chronicle

Enron held in contempt in California
Company: Assembly has no jurisdiction
Bloomberg Business News
SACRAMENTO, Calif. -- A California Senate committee voted to hold Enron Corp.
and Mirant Corp. in contempt after they refused to turn over documents sought
in an investigation of accusations that they manipulated power prices.
Enron's attorney said in a letter to the committee that the company refused
to comply because only the Federal Energy Regulatory Commission has
jurisdiction over the wholesale electricity market. Mirant said it would
attempt to comply by the July 10 deadline.
The leader of the California State Senate Select Committee to Investigate
Price Manipulation of the Wholesale Energy Market said the committee won't
back off its efforts to get the papers.
"Our ultimate goal is the production of the documents," said Committee
Chairman Joseph Dunn, a Democrat from Santa Ana, during the hearing in
Sacramento today. "We've wanted it for three months, and we want it today."
The full Senate will decide on fines or other punishments if the companies
fail to comply by July 10, Dunn said.
Six other generators agreed to honor the subpoenas after it became clear the
committee would hold them in contempt if they didn't comply. They are AES
Corp., Duke Energy, Houston-based Dynegy, NRG Energy, Houston-based Reliant
Energy and Williams Cos.
California has spent more than $7 billion this year buying power after its
two biggest utilities became insolvent. State utilities have more than $15
billion in losses and debt from buying power at soaring prices over the last
12 months.

June 29, 2001
Houston Chronicle
Briefs: Houston & state
Duke Energy to buy Enron power plant
Duke Energy Corp., owner of the largest U.S. utility, agreed to buy a
400-megawatt Mississippi power plant from Houston-based Enron Corp. to expand
its generating capacity in the southeastern United States.
Duke spokeswoman Jennifer Pierce declined to disclose the price of the
purchase, which is expected to close in October.
The natural-gas-fired plant, capable of powering 400,000 homes, is in Union
County. Duke has a 520-megawatt plant in Mississippi and is building two
640-megawatt plants there. One megawatt is enough power to light about 1,000
U.S. homes.

USA: Calif. Senate panel cites generators for contempt.

06/28/2001
Reuters English News Service
(C) Reuters Limited 2001.

SACRAMENTO, Calif., June 28 (Reuters) - A California state Senate committee
voted to cite Mirant Corp . and Enron Corp for contempt on Thursday after the
energy generators failed to supply confidential documents as required by
subpoena.
The committee, which is seeking evidence of power price manipulation in
California's chaotic energy market, voted unanimously for the contempt
citations after Mirant and Enron did not produce the required papers.
"The step we took today is historic," said state Sen. Joe Dunn, Democratic
chair of the Senate Select Committee to Investigate Market Manipulation. "We
haven't done this in 72 years."
Dunn said his committee would draw up a contempt report which would be
forwarded to the Senate by July 10.
The full Senate, in turn, will be charged with determining what sanctions to
impose - which could range from renewed orders for documents to fines to jail
time for individuals determined to have obstructed compliance with the
subpoenas.
The committee postponed action on possible contempt citations for other
energy companies, including Reliant , Dynegy , Williams Cos , Duke Energy ,
AES Corp and NRG Energy , giving them until July 10 to follow through on
promises to provide the required documentation.
Dunn said the citations against Mirant and Enron - which would be the first
imposed by California's state Senate since 1929 - would be vacated if the
companies comply with the subpoenas by the July 10 deadline.
The companies have objected to providing the confidential materials, which
they argue includes proprietary information on bidding and pricing for
California energy purchases that, if disclosed, could damage their
competitive ability.
Enron, in particular, has rejected the committee's authority, saying it keeps
its documentation in Texas and is therefore outside California jurisdiction.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron, Mirant Held in Contempt by Calif. Senate Panel (Update2)
2001-06-28 21:04 (New York)

Enron, Mirant Held in Contempt by Calif. Senate Panel (Update2)

     (Adds details of hearing, comments in ninth through 11th
paragraphs and in last two paragraphs.)

     Sacramento, California, June 28 (Bloomberg) -- A California
Senate committee voted to hold Enron Corp. and Mirant Corp. in
contempt after they refused to turn over documents sought in an
investigation of accusations that they manipulated power prices.
     The Senate Select Committee to Investigate Price Manipulation
in the Wholesale Energy Market, in the first contempt citation by
a California Senate committee since 1929, said the companies had
until July 10 to comply, or the full Senate would vote to impose
fines or other sanctions.
     The committee is investigating allegations that energy
generators withheld supplies or took other steps to boost prices
for electricity in California last year, when soaring wholesale
prices left the state's largest utilities insolvent.
     ``Our ultimate goal is the production of the documents,''
said committee Chairman Joseph Dunn, a Democrat from Santa Ana,
during a break in the hearing in Sacramento today. ``We've wanted
it for three months, and we want it today.''
     Enron's attorney said in a letter to the committee that the
company refused to comply because only federal regulators have
jurisdiction over the wholesale electricity market, and that a
state committee has no right to documents outside California.
Mirant said it needs assurances the documents would not be made
public before the company would turn them over.
     Six other generators agreed to honor the subpoenas after the
committee threatened to hold them in contempt if they didn't
comply. They are AES Corp., Duke Energy Corp., Dynegy Inc., NRG
Energy Inc., Reliant Energy Inc. and Williams Cos.
      California has spent more than $7 billion this year buying
power after its two biggest utilities became insolvent. State
utilities have more than $15 billion in losses and debt from
buying power at soaring prices over the last 12 months.

                         Enron Objects

     Enron laid out its objections to the subpoena in a letter to
the committee by its attorneys at Post Kirby Noonan & Sweat LLP
released by the committee today.
     Enron's lawyers argued that the committee does not have
authority to subpoena records from outside the state and said the
committee already had access to much of the information from state
regulators and the state's electricity grid manager.
     ``This is a shakedown. It's a witch-hunt. It's McCarthyism,''
Enron spokesman Mark Palmer said. ``We're going to protect our
legal rights and say something's wrong when it's wrong, and this
is wrong.''
     State Senator Debra Bowen, chairwoman of the Senate's
utilities committee, said that if Enron and the other power
providers have done nothing illegal, they shouldn't be withholding
the documents requested.
     ``This does not look like to me like folks who have nothing
to hide,'' Bowen said during a break in the hearing. ``It's not
just a thumb in the eye, it's a pie in the face of the
Legislature.''
     The committee's action was the first time in 72 years that a
California Senate committee has held anyone in contempt, Dunn and
Bowen said. The 1929 action involved market manipulation in the
cement industry, Bowen said.
     Mirant wants the committee to provide guarantees that the
``millions of documents'' the company is collecting won't be made
public, spokesman Patrick Dorinson said.
     ``These documents contain proprietary information,'' Dorinson
said. ``We'll continue talking to the committee and see if we can
get a resolution to this issue.''

                        Private Depository

     During the hearing today on whether to hold the companies in
contempt, Joel Kleinman, a lawyer for Duke Energy, said the
company would create a private depository where the committee
could view the documents.
     Williams is also willing to turn over documents to the
depository, company lawyer John Larrea said. Williams has an
agreement to market and sell electricity produced by AES.
     Earlier today, Reliant Energy turned over 1,800 pages of
documents requested by the committee, Dunn said, and Dynegy
submitted 18,000 pages. He said the committee has not had time to
review the documents.
     Dynegy spokesman John Sousa said the company is complying
with the committee's subpoena. Reliant spokesman Richard Wheatley
confirmed that the company had turned over some documents, and
would give the committee others if the company received assurances
they would be kept confidential.
     ``We need some guarantees of confidentiality,'' Wheatley
said.
     Duke and Williams agreed to a confidentiality agreement
offered by the committee that the companies had previously
rejected. That was the most significant accomplishment in today's
hearing, Dunn said.
     ``It took a hearing of this magnitude to force an agreement
on confidentiality,'' Dunn said after the hearing. ``They said
they want some minor tweaks. We'll see what those minor tweaks
mean.''

Duke Energy Agrees to Buy Mississippi Power Plant From Enron
2001-06-28 16:51 (New York)

Duke Energy Agrees to Buy Mississippi Power Plant From Enron

     Charlotte, North Carolina, June 28 (Bloomberg) -- Duke Energy
Corp., owner of the largest U.S. utility, agreed to buy a 400-
megawatt Mississippi power plant from Enron Corp. to expand its
generating capacity in the southeastern U.S.
     Duke spokeswoman Jennifer Pierce declined to disclose the
price of the purchase, which is expected to close in October.
     The natural-gas-fired plant, capable of powering 400,000
homes, is in Union County. Duke has a 520-megawatt plant in
Mississippi and is building two 640-megawatt plants there. One
megawatt is enough power to light about 1,000 U.S. homes.
     The North American Electric Reliability Council estimates
that the Southeast will need an additional 40,000 megawatts of
generating capacity in the next 10 years to meet demand,
Charlotte, North Carolina-based Duke said.
     Duke shares fell $1 to $39.30. They had risen 40 percent in
the past year. Shares of Houston-based Enron, the largest energy
trader, rose $1.62 to $48.34.

U.S. Power Suppliers' Second-Quarter Profits to Rise (Update1)
2001-06-28 14:36 (New York)

U.S. Power Suppliers' Second-Quarter Profits to Rise (Update1)

     (Updates to adjust table with profit estimates.)

     Houston, June 28 (Bloomberg) -- Energy traders and power
generators such as Enron Corp. and Duke Energy Corp. will have
higher second-quarter profits because of rising electricity prices
in the West, and the opening of new power plants.
     Efforts to lower western power prices didn't bear fruit until
late in the quarter. California border prices averaged $236.89 a
megawatt hour, up from $73.51 in the year-earlier period, boosting
profit for anyone with power to sell.
     The future doesn't look as bright for traders. Federal
regulators last week ordered them to negotiate refunds that
California's Governor Gray Davis says should total at least $8.9
billion. Enron, El Paso Corp., Dynegy Inc. and Williams Cos. have
lost $24.7 billion, or 22 percent, in market value in the past six
months as a growing political backlash led investors to sell their
shares.
     ``The market really hates uncertainty, and when the governor
throws out a figure of $9 billion in possible refunds, that's a
lot of uncertainty,'' said John Nichol, a fund manager at
Federated Investment Management, which owns shares of generators.
      Soaring power prices have left California's two largest
utilities insolvent and saddled with about $15 billion in power-
buying losses and debts. Regulators have boosted rates by more
than 50 percent for businesses and consumers in the most-populous
state.

                         Prices Rise

     The soaring prices benefited companies such as Enron, which
sells both electricity and contracts that help limit customers'
risk when energy prices rise or fall. Enron will make 42 cents a
share, up from 34 cents a year earlier, based on the average
estimate of analysts polled by First Call/Thomson Financial.
     Dynegy, which owns natural-gas pipelines and California power
plants, made 40 cents a share in the quarter, based on First Call
estimates, up from 29 cents a year earlier. The Houston-based
company is 29 percent owned by Chevron Corp. of San Francisco.
     ``Companies with power plants in the West have done very
well,'' said Greg Phelps, manager of the $1.1 billion Patriot
Group of funds. ``The Pacific Northwest drought continues to crimp
hydroelectric supply, which is keeping prices higher.''
     In addition, companies opened new power plants across the
U.S. Duke, Mirant Corp. and Calpine Corp. opened new U.S. plants
with enough capacity to light almost 5 million homes in the last
year, boosting sales.

                         Regulators Act

      Strong earnings in the West are unlikely to last. Growing
voter disenchantment with President George W. Bush's handling of
the California crisis and a return of Democratic control of the
U.S. Senate led the Federal Energy Regulatory Commission to impose
price caps for 11 states on June 18.
      The caps apply to all electricity on the western power grid,
the system of transmission lines that moves electricity through
the region. FERC also ordered generators to negotiate refunds with
officials from the states that could total as much as $15 billion.
Talks began on Monday.
     Administrative Law Judge Curtis Wagner, who is overseeing the
negotiations, told the Associated Press that ``in order to reach a
settlement, there will have to be refunds.'' Davis estimates the
generators overcharged California and its utilities by $8.9
billion or more.
     Enron, which earlier this year estimated it's owed $400
million to $500 million for California energy sales, is one of the
companies in the talks. Shares of the Houston-based company, the
largest energy trader, have fallen 44 percent this year and 20
percent this quarter.
     Enron's prospects also were hurt when it couldn't sell its
Oregon utility, Portland General, and its plans for trading space
on fiber-optic telecommunications networks grew less promising
because of the collapse of many Internet companies.
     Also, while natural-gas and electricity prices in the West
are up from a year ago, they are down from the first quarter.

                    Investigations Continue

     El Paso, owner of the biggest U.S. natural-gas pipeline
network and an energy trader, is being squeezed by falling energy
prices, increased regulatory scrutiny and the decline in the
prospects of its fiber-optic trading unit. The stock has fallen 28
percent this year.
     FERC is hearing arguments on whether the Houston-based
company conspired to boost natural-gas prices in California last
winter, and El Paso may have to pay refunds or fines. Gas fuels
many of the California's power plants, and higher prices
contributed to soaring electricity prices.
     The company will see second-quarter earnings of 77 cents, up
from 69 cents a year earlier, First Call estimates show.
     Williams's second-quarter earnings were almost unchanged at
55 cents, based on First Call estimates, because of wider profit
margins on refining and gas processing, and higher natural-gas
prices.
     Williams, the second-largest U.S. gas pipeline company, has a
20-year agreement with AES Corp. to supply fuel for plants in
Huntington Beach, Long Beach and Redondo Beach in California.
Williams, an energy trader, also sells the power from the plants.
AES, based in Arlington, Virginia, is one of the biggest U.S.
power-plant developers.

                         Boosting Capacity

     So far, Williams has agreed to refund $8 million to the
state, though it admitted no wrongdoing. It's also taking part in
the negotiations over bigger refunds.
     Mirant, an Atlanta-based power-plant developer, will see per-
share profit rise to 46 cents from 25 cents a year ago, according
to First Call. San Jose-based Calpine will earn 31 cents, up from
19 cents, and Charlotte-based Duke will make 52 cents, up from 44
cents, estimates show.
     Calpine opened plants in Arizona, Maine and Texas with a
combined capacity of 1,545 megawatts. A megawatt is enough power
to light about 1,000 U.S. homes. Calpine also bought two power
plants in Canada. Most of the company's plants are in California.
     ``Calpine is a classic story,'' said Chris Ellinghaus, an
energy analyst at Williams Capital Group. ``They'll get a double
boost from more production and higher prices.''

                          Building Plants

     Calpine runs or is building plants in 29 U.S. states and
Canada that provide enough power to light 29.9 million homes. It
plans to boost its capacity to 70,000 megawatts, or enough to
light 52.5 million homes, by 2005. The company's shares have
fallen 31 percent this quarter.
     Duke, a power-plant developer and owner of a natural-gas
pipeline network, opened five generating plants in the quarter
with a combined capacity of 2,840 megawatts.
     ``Part of our growth is related to (California), but part
comes from growth in our trading business, part comes from our
plants overseas and part comes from natural gas,'' Duke spokesman
Terry Francisco said. Duke shares have fallen 5.5 percent this
year.
     Mirant opened two plants with a combined capacity of 546
megawatts. Southern Co., the owner of Atlanta's utility, spun off
Mirant in April. Mirant's shares have climbed 54 percent since the
stock began trading in September.
     Generators had to rely on new power plants to boost revenue
during the quarter because electricity prices in New England, the
Middle Atlantic states and the Southeast were little changed from
a year earlier. Texas prices fell 19 percent.

                         Prices Level Off

     Prices also are stabilizing in California. Davis last week
released details on long-term contracts the state has signed to
secure about one-third of its power needs. The contracts have
reduced the state's dependence on the open market, driving down
power prices in the West.
     The contracts guarantee energy companies a steady stream of
revenue, though at lower prices than on the daily market. Still,
wholesale electricity prices will surge this summer in any part of
the U.S. where heat waves cause shortages, boosting generators'
profits, analysts say.
     ``There is still enough volatility in the market,'' Credit
Lyonnais Securities analyst Gordon Howald said. ``There are not a
lot of groups out there able to generate the solid earnings growth
you'll see in the power producers.''

*T
                         2nd-Qtr       Year-Ago       Number of
Company                 Estimate         EPS          Analysts

AES Corp.                $0.30          $0.25             7
Calpine Corp.             0.31           0.21             9
Duke Energy Corp.         0.52           0.44             6
Dynegy Inc.               0.40           0.29            15
El Paso Corp.             0.77           0.69            11
Enron Corp.               0.42           0.34            14
Mirant Corp.              0.46           0.34             8
NRG Energy Inc.           0.22           0.28             6
Reliant Energy Inc.       0.73           0.83            12
Williams Cos.             0.55           0.54            10

Estimates provided by First Call/Thomson Financial.

*T
--Mark Johnson in the Princeton newsroom, (609) 279-4017 or
mjohnson7@bloomberg.net, with Margot Habiby in Dallas/pjm/alp


All,

I have moved to London temporarily on an assignment . My contact number is London is 011442077834188.

Regards,
Ken


thanks and congrats too


I miss you and am wonderin how you are faring in the working world.   I have been checking in on the Riley photo site, she just gets more beautiful every day.

Dave and I have signed papers and are final, now I am just waiting for the house to sell.  I have already found another place to live, and have an offer on it based on the sale of my house.

I love you and hope to hear from you soon.

Cara


Richard -

Excellent summary.  thanks.
RH

 -----Original Message-----
From: 	Ring, Richard
Sent:	Wednesday, October 24, 2001 7:08 PM
To:	Herndon, Rogers
Subject:

Rogers,

Enron Energy Services, Inc. ("EESI") submitted application to become a NEPOOL member, to be effective January 1, 2000.  EESI was approved by the NEPOOL Participants Membership Subcommittee at its January 24, 2000 meeting.  One requirement of NEPOOL membership is to satisfy the Financial Assurance Policy for NEPOOL Members.  EESI, Enron Energy Marketing Corp, and Enron Power Marketing, Inc. are all members of NEPOOL and have chosen to satisfy the Financial Assurance Policy by issuance of Performance Bond(s), rather than corporate guaranty, due to Enron's disagreement with the Form of Corporate Guaranty required by NEPOOL.

EESI, via Fireman's Fund Insurance Company, issued a Performance Bond in the amount of $8,000,000 in June 2000; the Performance Bond was reissued in June 2001 in the amount of $8,000,000.  EESI received a letter from ISO New England dated October 10, 2001, addressed to Becky Pitre (EESI Settlements) and received by Becky probably October 12, 2001, indicating that EESI's current Performance Bond was insufficient and that EESI needed to increase the amount to $11,703,018.75 to cover EESI's current activity level.  Becky delivered the October 10th letter  to my attention whereby I took the letter to EESI Legal Department (Karen Cordova) and informed Karen that EESI needed to increase the Performance Bond to $20,000,000.  Karen requested Credit Department (Nichole Gunter) initiate an increase in the Performance Bond to the $20,000,000 level; to the best of my knowledge the initial conversation with Credit Department was October 12, 2001.  In telephone conversations with ISO-NE, Enron's Credit Department personnel were informed by ISO-NE that in order to avoid Financial Assurance Default the matter needed to be resolved within ten (10) days of the date of the October 10, 2001 letter (October 19, 2001), however the letter did not indicate such.

I was notified by Credit Department on October 16, 2001 that the bond company Enron utilizes for performance bond(s) would not process our Performance Bond request for increase until Enron paid the bond company for outstanding invoices for "other" performance bonds (bond  renewals), approximately $150,000.  The "other" performance bond invioces had been bounced around EESI, since June 2001, to various individuals (i.e. Greg Sharp, Mark Mueller, Jeff Golden, Scott Mills) and had still remained unpaid.  Payments for the "other" performance bonds were made and the bond company processed our request for increase in the EESI NEPOOL Performance Bond to $20,000,000, which was issued by the bond company on October 23, 2001, executed by EESI on October 23, 2001 and forwarded via FAX and Overnight Mail to ISO-NE on October 23, 2001.  EESI was unable to comply with the October 19, 2001 deadline to resolve the Financial Assurance Default due to complications with the bond company as mentioned above.  Credit Department personnel informed ISO-NE personnel that EESI would not meet the October 19, 2001 deadline, but was working diligently to resolve the matter; Credit Department personnel sent via FAX, a copy of the request to the bond company for revisions to the Performance Bond to ISO-NE personnel on October 19, 2001.

I notified Dan Allegretti, (Enron Government Affairs & Chariman, NEPOOL Participants Committee) of the entire situation prior to October 19, 2001.  Dan indicated that he did not think there would be any problems, but to get the matter resolved as quickly as possible. Dan advised me that the implications of the Financial Assurance Default would result in communications to the Membership Subcommittee and that when the next letter was published, the following month, EESI would no longer be listed as being in default.  On October 19, 2001 another letter was sent to Becky Pitre (EESI Settlements) from Edward McKenna, Vice President & Chief Financial Officer informing EESI that "Enron Energy Services, Inc. has not maintained the required level of financial assurance for 10 days or more, and has had a total combination of 3 financial assurance and/or payment defaults in the last 12 months, which qualifies them as having 2 (two) Level 1 defaults.  The ISO has been in contact with Enron Energy Services, Inc. through multiple telephone communications, and to date the financial assuvance default has not been cured.  Therefore, per the established procedure, we are forwarding this information to the NEPOOL Membership Subcommittee for action by them."  According to Dan Allegretti the Memberhsip Subcommittee reports to him, as Chariman of the Members Subcommittee, and he would discuss the issue with them.  The previous two Financial Assurance Defaults mentioned the October 19, 2001 letter occurred (i) December 2000, when payment was received 1-2 days late and was automatically resolved when payment was received and (ii) September 2001, when Financial Assurance Default occurred and was resolved through market activity.  To the best of my knowledge, EESI was unaware of either the December 2000 Payment Default or the September 2001 Financial Assurance Default, and no information was received by EESI from ISO-NE relative to either incidence.

According to (i) Protocal for the Initation of Membership Termination Proceedings and (ii) conversations with Dan Allegretti, the issue should be resolved with the receipt on October 24, 2001 of the Performance Bond by ISO-NE.  I have also advised the ISO-NE, in the future, to send communications to EESI's Credit Department and not EESI's Settlements.  Also, Dan Allegretti is investigating the facts leading the the October 19, 2001 letter with representatives from ISO-NE.

I left message for Molly Harris as you requested. I was able to speak to Denise Furey and Nichole Gunter, who both indicated that they would speak with Molly as they all work together.

Let me know if you need any additional information.

Richard


Alan - I know Jeff is out of town and may not see this right away so I
thought I would forward it on to you.
----- Forwarded by Mark Taylor/HOU/ECT on 05/30/2000 06:46 PM -----

	Melba Lozano
	05/30/2000 04:48 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc: Dale Neuner/HOU/ECT@ECT, Charlie Hoang/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT, Andrew R Conner/HOU/ECT@ECT
		 Subject: Pulp Physical Fwd

Jeff,
Andrew Conner wants to trade Pulp Physical Forward on Enron Online.  We
currently have Pulp Financial Swaps.  Could you please provide me with the
Online GTC that we will be using for this product.  If you have any questions
please call me at ext.58986.

Thank you,

Melba


Positive Living Tip of the Day
		Monday January 29, 2001

		Your Environment

		Do you live or work in an environment that creates undue stress in your life?

		If so, realize your environment plays an important role in your life. Hostile
environments create defensiveness, and an individual's negative behavior can
directly affect others who are trying to maintain a healthy attitude.

		For example, if you are working with a supervisor who constantly berates
those under him/her in front of others, this negative behavior affects
everyone in the office. And hanging around negative friends and family
members can reinforce your own negative traits. (For example, your temper is
under control as long as you are not around your older brother.) In addition,
negative people can induce others into developing the same negative attitudes
and behaviors that they possess. It is true the company you keep is a
reflection on you and can influence your behavior. Steer clear of negative
environments and begin building a positive life.

		- CG, Licensed Clinical Professional Counselor


changed

Kerri Thompson@ENRON
02/13/2001 02:19 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

521590

broker has 262.50


Another storm pounds Telluride!

Short of hand-counting each snowflake that has fallen in Telluride, resort
officials have projected that nearly 4 feet of snow has blanked the area in
the past three weeks. 9 inches of fresh snow fell overnight to the
overwhelming joy of town residents. Resort officials are reporting a 29-inch
base on the mountain, with more than a week to go before the ski area opens
to skiers and snowboarders.

"Gearing up for one of the resort's best openings in recent history ranks up
there, as far as current events, with finding out who our next Presidnet will
be," said Steve Swenson, vice president of sales, marketing and air service
for the Telluride Ski & Golf Company.

To get the latest snow conditions in Telluride, click here.
www.telski.com/tandp/snow_report/index.html

To see the photo of the day, click here. www.telluride-ski.com/dayphoto.html

To book your vacation to Telluride this winter, call 1-800-525-3455.

Have a great day and think snow!


Sorry I wasn't here for your email last Friday...I try to leave by 4:30!!!
Yes, let's allget together soon...call me!

Jim and I did see some movies lately:  Men of Honor with Cuba Wadding Jr was
a good tear jerker, Charlie's Angel was humorous because we weren't expecting
much, and Bedazzled brought us back down to earth.  I would recommend all
three!  Meghan got some DVD's and her two favorite that she watches every
night are Toy Story 2 and Little Mermaid 2...have your girls seen either one?

"Karkour, Randa" <Randa.Karkour@COMPAQ.com> on 12/01/2000 04:42:47 PM
To: "Michelle lokay (E-mail)" <mlokay@enron.com>
cc:

Subject: Movie Suggestions

Hi Michelle,

How are you?  I was talking to Marilyn the other day.  We thought it would
be a good idea if we can try to get together one day.  Anyway, I haven't
asked you for movie suggestions since a long time.  I've seen "Perfect
Storm" and "The Patriot" .  Do you know of any others?  Or even if they are
still the theater ... I could add them to my future rental list.  Thanks.

Randa Karkour
Compaq Computer Corporation
Competitive & Pricing Strategy
CPCG North America - Workstations
Tel   (281) 927-8229


Hey, there's still time to view the presentations given by Enron management
at the annual investor conference held in January.

A link to the replay of the webcast is available at www.enron.com.  A list of
the presentations made at the meeting will appear on the screen.  To view a
presentation, simply click on the title.  The entire webcast is about eight
hours long, with each presentation lasting about 45 minutes to one hour.  The
webcast will be available 24 hours-a-day, seven-days-a-week until Feb. 28.

This is an excellent opportunity for you to get the latest information about
Enron's business activities and strategy.  If you encounter problems
accessing the webcast, call 1-888-457-7469 for help.


We will look into it.  It may be an infringement.  Mark


Attached are electronic versions of wind's draft Schedules 5.08(a), 5.11(b)
and 7.02(d).  Note: these will be consolidated with the rest of wind's
disclosure schedules, which were distributed to you last night.

Patricia F. Reilly
Vinson & Elkins L.L.P.
3700 Trammell Crow Center
2001 Ross Avenue
Dallas, Texas 75201
Telephone: (214) 220-7801
Facsimile: (214) 999-7801
preilly@velaw.com

 +++++++++++++++++++++++

 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.

 - Dallas_394757_2.DOC


HI SANDY! I WILL NEED TO TAKE TUESDAY, 1-4-2000 OFF. MY HUSBAND IS HAVING
SURGERGY ON THAT DAY. IF YOU COULD PLEASE PUT IT ON THE JANUARY CALENDER.
THANK YOU!   JUDY HERNANDEZ


The Product is as follows:

William Stuart on the FX desk will offer the Product to Enron canada Corp on
an internal basis only. The GTC will be an 'internal only' GTC that we use
that tells any external customer that may inadvertantly access the internal
trade that the transaction is freserved for internal trading only; the only
radio button will be a "REJECT GTC", which further prevents an external
customer from transacting.

Stuart will post a Fixed Price price that represents the USD/CAD Exchange
rate on Trade Date. The Fixed Amount will be a CAD amount equal to volume
multiplied by Fixed Price. The Floating Amount will be a CAD Amount equal to
the volume multiplied by the Index, where the Index is a Floating Price equal
to the USD/CAD.

There are several arguments as to whether this should be classified as a
Forward or a Financial transaction. Our effort was to arrive at something
that would be easily understood by the market in the event that we begin to
offer this product externally.

The full Product description is attached. Please go in and offer your
approval.

Dale
3-9746


I'm here til 3:30, when meetings begin. . .  thanks!  mhc

	Enron North America Corp.

	From:  Felecia Acevedo @ ENRON                           10/12/2000 01:43 PM

To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Re: HLP-Employee List

Michelle,

I have completed this analysis.  Are you in your office this afternoon?  If
so, I will drop it by.

Felecia


OK by me.

From: John J Lavorato/ENRON@enronXgate@enronXgate on 04/30/2001 11:30 AM
Sent by: Kimberly Hillis/ENRON@enronXgate
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joannie
Williamson/Corp/Enron@ENRON, Cliff Baxter/ENRON@enronXgate, James A
Hughes/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON@enronXgate, Mark
Metts/Enron@EnronXGate, Stephanie Harris/ENRON@enronXgate, Maureen
McVicker/NA/Enron@Enron, Loretta Brelsford/ENRON@enronXgate, Dolores
Fisher/Enron@EnronXGate, Sherri Sera/Corp/Enron@ENRON, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON@enronXgate, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/ENRON@enronXgate,
Mark Frevert/ENRON@enronXgate, Nicki Daw/ENRON@enronXgate, Lucy
Marshall/Enron Communications@Enron Communications, Kathy
McMahon/NA/Enron@Enron, Jeremy Blachman/HOU/EES@EES, Philippe A
Bibi/ENRON@enronXgate, Raymond Bowen/ENRON@enronXgate, Michael R
Brown/LON/ECT@ECT, Harold G Buchanan/HOU/EES@EES, Rick Buy/ENRON@enronXgate,
Richard Causey/Corp/Enron@ENRON, David Cox/Enron Communications@Enron
Communications, David W Delainey/HOU/EES@EES, James Derrick/ENRON@enronXgate,
Steve Elliott/Enron Communications@Enron Communications, Andrew S
Fastow/ENRON@enronXgate, Ben Glisan/HOU/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Rod Hayslett/ENRON@enronXgate, Stanley
Horton/Corp/Enron@Enron, Louise Kitchen/HOU/ECT@ECT, Mark
Koenig/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Jeffrey McMahon/ENRON@enronXgate, Mark S
Muller/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken
Rice/Enron Communications@Enron Communications, Matthew
Scrimshaw/LON/ECT@ECT, Jeffrey A Shankman/ENRON@enronXgate, Jeffrey
Sherrick/ENRON@enronXgate, John Sherriff/LON/ECT@ECT, Jeff
Skilling/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT,
Thomas E White/HOU/EES@EES, G G Garcia/ENRON@enronXgate, Susan
Skarness/ENRON@enronXgate, Karen K Heathman/ENRON@enronXgate, Sharron
Westbrook/Corp/Enron@ENRON, Kay Chapman/HOU/EES@EES, Bridget
Maronge/ENRON@enronXgate, Inez Dauterive/HOU/ECT@ECT, Carol Ann Brown/Enron
Communications@Enron Communications, Cindy Stark/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@ENRON, Tori L Wells/HOU/ECT@ECT, Cathy
Phillips/HOU/ECT@ECT, Sue Ford/ENRON@enronXgate, Karen Owens/HOU/EES@EES,
Dorothy Dalton/Enron Communications@Enron Communications, Mercedes
Estrada/Enron Communications@Enron Communications, Christina
Grow/ENRON@enronXgate, Lauren Urquhart/LON/ECT@ECT, Laura
Taylor/ENRON@enronxgate, Judy G Smith/HOU/EES@EES, Suzanne
Danz/Corp/Enron@ENRON, Peggy McCurley/ENRON@enronXgate, Marsha
Schiller/ENRON@enronXgate, Tammie Schoppe/HOU/ECT@ECT, Kimberly
Hillis/ENRON@enronXgate, Jennifer Burns/ENRON@enronXgate, Sharon
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Leah
Rijo/Enron Communications@Enron Communications, Kathy
Campos/ENRON@enronXgate, Julie Armstrong/Corp/Enron@ENRON, Kelly
Johnson/Corp/Enron@ENRON, Rebecca Carter/Corp/Enron@ENRON
cc:

Subject: VP Candidate Greg Shea

I would like to pursue an offer to Mr. Shea prior to the next Executive
Committee meeting on May 7, 2001.  Please forward your comments or questions
by Tuesday, May 1, 2001 so that I can extend the offer by Wednesday, May 2,
2001.

You will find attached the recommendation letter and his resume.

Regards,

John Lavorato

Tammie Schoppe on behalf of John Lavorato.


i think she is in.  i would stay away from scheduling.  you definately don't
want to do that.  we might go out tonight to sierra.  i will let you know.


Hi Guys. We intend to decorated the home and tree this Sunday, if you guys
can join us. Here is the deal. We will order Chinese food from Fungs Kitchen
on the SW freeway, Shanna and Eric can pick it up, I will pay, everyone   be
here early p.m., eat around 4-5, put the decorations up, have a good time.
Any takers? Let me hear from you.-Dad


The attached report summarizes the discussions at the subject technical
conference held in D.C. on July 18 and 19.  Copies of documents referenced in
the report are available on request.  Please let me know if you would like
any of them.

More was accomplished at the conference than I expected.  Note that a
follow-up conference is tentatively scheduled for August 28.  I think the
full requirements customers have finally gotten the message that they will
have to accept some defined level of service.  It was also clear that El Paso
does not have sufficient capacity to serve everybody,s full load all the time
and they will have to, at the least, credit demand charges when they cannot
serve their firm shippers, and may even be required to expand their system.


Great article on what it truly means to be an Auburn Man

The ties that bind
Friday night meetings have helped Auburn through hard times
10/03/00
By PHILLIP MARSHALL
Times Sports Staff

AUBURN - It started in dark and unhappy times for Auburn's football team.

Five straight games had been lost. Late in Tommy Tuberville's first season as
head coach, the team was fractured, divided by the stress of almost two years
of trouble, despair and losing.

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

More Auburn football | Talkin' Tigers Forum

------------------------------------------------------------------------------
--
''It was defense and offense,'' offensive tackle Kendall Simmons said.
''Whatever happened, we pointed fingers at each other.''
On the Friday night before last November's game against Central Florida, a
small group of players gathered at the team hotel at the urging of fullback
Heath Evans. They prayed. They talked about life and the sometimes bitter
turns it can take.

A bond began to grow among players young and old, black and white, starters
and reserves. It wasn't so much about winning and losing or even about
football. It was about matters of the heart.

''We may have had 15-20 guys show up that first night,'' senior whip
linebacker Rob Pate said. ''Since then, it's just like another thing on the
itinerary. It's not mandatory, but we have basically the whole team there.
We've got five or six coaches. Coach Tuberville comes in there. People just
lay out their hearts, whatever is on their minds.''

Auburn has won seven of the eight games it has played since that November
night. Players say they've done it with trust and a unity of purpose that has
grown ever stronger.

It has carried the 15th-ranked Tigers to a 5-0 record going into Saturday's
Southeastern Conference West Division showdown at 20th-ranked Mississippi
State.

Pate says they'll go firm in the belief that they can count on each other in
the most difficult times.

Pate knows about pain and even fear. A mysterious disease, now seemingly
under control, threatened his senior season.

''When you see a guy at his weakest point and he's reaching out asking you
for help, you know everything about a guy,'' Pate said. ''With me, it was my
health. Before the first game, they set a chair in the middle of the room and
every guy in there put his hands on me. We said a prayer together. Man, I was
crying.

''It's like that every weekend. Somebody on this team is suffering through
something. They share it. When you line up on Saturday, it's a lot easier to
look at that person and know he is going to give it everything he's got.''

On the field, there has been little but happiness for Auburn this season.
Tuberville says it started when Auburn players, strengthened by the bad
times, put aside their differences and their individual desires to play for
their teammates and their school.

''I've never been around a team this close,'' Tuberville said. ''They get
along. We haven't always played as great as we wanted to, but we've had guys
urging the younger players and younger players pulling for the older guys to
get better.

''It's just a special group. They enjoy being around each other and
understand what it's going to take for us to win.''

The change from not so long ago is striking, Simmons says.

''If you don't really know each other and everybody is in their own little
group, things aren't going to work,'' Simmons said. ''If you have trust in
your teammates, you can build a good team. Right now, we've got that going.''

It starts with the seniors, who have seen the good and the bad of college
football. They went to the SEC Championship Game as freshmen in 1997. Then
came two losing seasons and the resignation of their head coach, Terry Bowden.

They revel in their success, yet they know it can be ever so fleeting. They
take pride in the closeness of a team on the way back.

No one understands better than fifth-year senior quarterback Ben Leard. He
went from starter to third team in 1998, then won his job back in 1999 when
hardly anyone thought he could.

Today, he has the highest efficiency rating of any SEC quarterback.

''We have been practicing since August and we have yet to hear anyone say
'Man, I'm looking forward to playing in the NFL,' '' Leard said. ''No one is
worried about their personal accolades or how they are doing status-wise.
Everybody just wants to win ball games. The relationships we have on this
team are like brothers.''

Leard says nothing that happens can change that.

''If we lose every game from now on, this will be one of the most special
seasons I've ever had in my life,'' Leard said. ''We've got people excited.
We're excited. The fun is back in it for us.

''It's a great feeling to be able to almost look forward to coming to
practice, to see the guys, to have fun and talk. There are no fingers being
pointed anywhere. There are no individuals on this football team.''

Evans was one who showed the way, happily accepting the unglamorous role of
blocker for tailback Rudi Johnson. Every Friday night, Evans is still the one
who leads his teammates as they share their joy and their pain.

''Heath is just like that all the time,'' Pate said. ''He's a great example
of somebody who lives what he talks. He's a role model, not just for younger
people but for all of us.''


Rebecca x35605


Congratulations on your promotion.  Lou


We have reached resolution regarding the parking and mass transit issue.  Until notified otherwise, the parking and mass transit subsidy will continue as an employee benefit.

For those who have a payroll parking deduction, your deduction has been stopped.  No deduction should occur on 12/31/01 payroll.  In addition, you should receive a credit for the deduction taken for the 12/15 payroll.

For those who incurred any out-of-pocket parking costs during the month of December, you may expense up to $89 for reimbursement.

Beginning 1/1/02, parking and mass transit will continue as follows:

WTC Parking:  You should receive your parking pass in the mail. Payroll deductions will begin on the 1/15/02 paycheck. (No Action Req'd)

Outside Parking Lots:  Park at lot of your choice and pay out of pocket.  Request reimbursement of up to $89 per month. (No payroll parking deduction will occur)

Tri-Met and MAX employees:  Passes are available for January.  If you would like to pick up your pass, please see Debra Davidson.

NOTE:  Extra Tri-Met passes are available.  If you would like to select mass transit as your parking option, please notify either Grace or myself before Friday, 12/21/01 EOB and we will insure a monthly pass is available.

Validations:  We will no longer validate parking passes, however, you are able to reimburse up to $89 per month for daily parking.

If you have any questions, please let us know!

ENA Human Resources
Julie Kearney
503) 464-7404

Grace Rodriguez
503) 464-8321


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/27/2001
12:38 PM ---------------------------

"Ryan Lee" <ralee@rmi.net> on 04/27/2001 12:28:28 PM
To: "Nick Woods \(E-mail\)" <lusciouswoods@yahoo.com>,
<matthew.lenhart@enron.com>, "Jayson Gill" <dodebag@hotmail.com>, "Jason
Klimek" <klimjas@chrobinson.com>, "JAKE Istnick" <jakeistnick@hotmail.com>,
"Haig Newton" <hnewton@analytic-solutions.com>, "David Shaw"
<davidishaw@yahoo.com>, <danielkbrock@hotmail.com>, "Claude.Aldridge"
<Claude.Aldridge@yellowglobal.com>, "Brian Beggs" <brbeggs@hotmail.com>,
"Andy Patton" <andy.patton@wcom.com>
cc:

Subject: Coors fiels Baby!

Welcome to the D-town.

----- Original Message -----
From: "Lee, Ryan" <ryan.lee@iccx.net>
To: <ralee@rmi.net>
Sent: Friday, April 27, 2001 10:06 AM
Subject: FW: Pac bell (Sf)

>
>
> -----Original Message-----
> From: Mcwhite, John [mailto:JMcwhite@BreeceHill.com]
> Sent: Thursday, April 26, 2001 11:07 AM
> To: 'St. D'; 'Stan'; Lee, Ryan; 'Donnay'; 'Cox'; 'Red Eye'; Williams,
> Zach; 'Klimek'; 'Vic'
> Subject: FW: Pac bell (Sf)
>
>
> This is what all baseball games need. It would add a little excitement.
> Check out these chicks they are flashing the fans
>
> > -----Original Message-----
> > From: Brent Ryerson [SMTP:BrentR@ecollege.com]
> > Sent: Thursday, April 26, 2001 10:50 AM
> > To: 'Mcwhite, John'
> > Subject: FW: Pac bell (Sf)
> >
> > these chics were flasing the crowd, then the ball players started
watching
> > start with pic #4
> >
> > heading out of town
> > enjoy the game this weekend, this should inspire YOU JOHNNY!!!
> >
> > RYER
> >
> > -----Original Message-----
> > From: McDaniel, Patrick [mailto:PMcDaniel@dlj.com]
> > Sent: Thursday, April 26, 2001 10:35 AM
> > To: Brent Ryerson
> > Subject: FW:
> >
> >
> >
> >
> > -----Original Message-----
> > From: Fraher, John
> > Sent: Thursday, April 26, 2001 8:55 AM
> > To: McDaniel, Patrick; Iturrino, Renzo; Donlon, Paul; Taffe, Patrick
> > Subject: FW:
> >
> >
> >
> >
> > John M. Fraher
> > Private Client Services
> > Credit   | First
> > Suisse | Boston
> > DLJ Securities Corporation
> > 600 California Street, 20th Floor
> > San Francisco, CA 94108
> > Tel:   415-249-2285
> > Fax:  415-249-2237
> >
> >
> > -----Original Message-----
> > From: Platt, Mark [mailto:mplatt@pacgrow.com]
> > Sent: Thursday, April 26, 2001 8:35 AM
> > To: Cuffee (E-mail); Damon Williams (E-mail); Jman (E-mail); Jimmy
> > Connelly (E-mail); Mark Chielpegian (E-mail); Mike Reinardy (E-mail)
> > Cc: Matt McMahon (E-mail)
> > Subject: FW:
> >
> >
> > these are the chicks from that game we were at INSANE RACKS,,,,,
> >
> > > -----Original Message-----
> > > From: Perkins, Ben
> > > Sent: Thursday, April 26, 2001 11:30 AM
> > > To: Milstein, George; Swindle, Chris; Stone, KC; Mulcahy, Mark; Platt,
> > > Mark; Harrison, Sandy; Schatz, Steve; Svendsen, Peter; Alger, Brian
> > > Subject: FW:
> > >
> > > A little raw SF talent at PacBell
> > >
> > > _______________________________________
> > > Ben Perkins
> > > Associate
> > > Investment Banking
> > > Pacific Growth Equities
> > > Four Maritime Plaza
> > > San Francisco, CA 94111
> > > ph (415) 274-6895
> > > fax (415) 274-6849
> > >
> > >
> > >
> > >  <<flash3.JPG>>  <<flash1.JPG>>  <<flash2.JPG>>  <<barry_group.JPG>>
> >
> >  <<flash3.JPG>>  <<flash1.JPG>>  <<flash2.JPG>>  <<barry_group.JPG>>
>
>

 - flash3.JPG
 - flash1.JPG
 - flash2.JPG
 - barry_group.JPG


Attached please find the draft 2000 ISDA Definitions, the draft NCU
Supplement and the draft Annex to the 2000 ISDA Definitions.  Also attached
is a letter from Allen & Overy.

Please note that this e-mail response system is entirely automatic.
Incoming email will not be reviewed by ISDA staff.  Please send comments on
the documents to Richard Tredgett (Richard.Tredgett@allenovery.com), John
Berry (John.Berry@allenovery.com) and a copy to Angela Papesch
(apapesch@isda-eur.org).

If you encounter any problems opening these documents please contact
Corrinne Greasley at the ISDA office in New York on 212 332 1200.

 <<2000DEFS.doc>>  <<NCUSUPP.doc>>  <<2000DEFANNEX.doc>>  <<AOLetter.doc>>

 - 2000DEFS.doc
 - NCUSUPP.doc
 - 2000DEFANNEX.doc
 - AOLetter.doc


Please activate my accessibility to manage the US WEST POWER PHYS SPREAD.

Thank you,

Diana Scholtes
West Power Trading
503-464-3807


Please accept this invitation to the VAR Brown Bag Session, facilitated by Frank Hayden.  Attendance is mandatory and lunch will be provided.

Accepting this invitation, will allow the VAR Brown Bag Session to automatically populate on your individual schedules.

Thank you


To:	    Employees

From:	    ENRON Benefits Department

Subject:    All Employees Participating in the ENRON Domestic Benefit Plans

Enron Benefit Plans
Summary Annual Report

The basic financial and insurance information on the back of this page, as well as the material below, provide a Summary Annual Report for the Enron Benefit Plans.  The annual report for each plan has been filed with the Internal Revenue Service, as required by the Employee Retirement Income Security Act of 1974 (ERISA).

NOTE:  You may receive a report for a benefit plan in which you are not a participant or under which you are not entitled.  Entitlement to benefits under any of the plans is based on the provisions of each plan.

Your Rights to Additional Information

You have the right to receive, upon request, a copy of the full annual report, or any part thereof, for any plan.  For insured plans, insurance information (including any sales commissions paid by insurance carriers) is shown in the annual reports.

To obtain a copy of the full annual report, or any part thereof, for any plan, write or call:

Enron Corp Shareholder Relations
1400 Smith Street
Houston, TX  77002-7311

(713) 853-6161

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both.  If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report.

You also have the legally protected right to examine the annual report at the main office of the plan (Enron Corp., 1400 Smith Street, Houston, TX  77002-7311) and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs.  Requests to the Department should be addressed to:  Public Disclosure Room, N-5638, Pension and Welfare Benefits Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.


Congratulations on your promotion to Senior Director, a promotion that is
very well deserved.  I follow your career within Enron with interest.


Hello Kate,
APS and Pinnacle...We ran into a problem checking out for the end of the
month, because a few deals had Pinnacle in the system, but Bloomberg on the
bro confirm.  We had to ch them to match the broker confirms, because APS
showed the deals as APS on there side.  They are trying to segregate
companies little by little.  We have been told by Rhonda, our contract
administrator that trading under both names are legally correct, both are
under WSPP.

DeeDee from Pinnacle said all trades are with Pinnacle unless Bloomberg
trade; then cp should be APS.  DeeDee said shortly all trades will be under
Pinnacle, but did not give me a specific date.

Please let the traders know that all trades should be with Pinnacle West, and
APS that are transacted with Bloomberg.  No, we will not have problems
recognizing the old name, Rhonda says they will just be assigned over to
Pinnacle, but we will not have to revise confirms.  Hope this helps!
Thanks
Stephanie

   Kate Symes                03/29/2001 11:46 AM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: APS/Pinnacle West

563906 - changed to Pinnacle West
563907 - changed to Pinnacle West
562226 - changed to APS

Regarding the last deal, Mike Driscoll talked to his broker at Bloomberg last
night and asked him to change their confirm to say Pinnacle West. The broker
said he'd check on it, but that Bloomberg hadn't switched their contract over
yet and he didn't know if they could check a deal out under the new name. So
we left it, under the impression that Bloomberg was actually in the wrong. My
question is - has APS switched over to Pinnacle West entirely, and when or if
Bloomberg starts recognizing Pinnacle as the counterparty are we going to
have problems with deals containing the old counterparty name? I'm just
trying to clarify, so I can let the traders know what to expect. Thanks for
your help.

Kate

Stephanie Piwetz   03/29/2001 07:17 AM

To: Kate Symes/PDX/ECT@ECT
cc: Evelyn Metoyer/Corp/Enron@Enron, Kimberly Allen/HOU/ECT@ECT

Subject: APS/Pinnacle West

Kate,

I just spoke to DeeDee of Pinnacle West, we verballed deals and she said all
deals should be under the Pinnacle West name unless for Bloomberg
transactions.   Please review the following

Mark Fischer
563906.01  non brokered > cp name should be Pinnacle West
563907.01  non brokered > cp name should be Pinnacle West

562226.01  Bloomberg, cp name should be Arizona Public Service.  (Evelyn
inquired about this yesterday)

Thanks for your help!
Stephanie


QB-- D. Culpepper
RB-- E. George
RB-- K. Anders
REC-J. Rice
REC-- T Gonzalez
REC-- A Freeman
K -- Gramatica
DEF-- NY Giants


Ruth,

We have had a request from our commercial group for turbine availability
numbers with the availability as defined by Vestas.  The purpose of this is
to present a chart with the Vestas availability definition applied on our
turbines during the AWEA conference in two weeks.

Do you have the ability to calculate availability of our 1.5 WTGs in Europe
using the Vestas definition of availability?  If so would you provide this
information for the 1.5 WTGs during the year 2001?

The Vestas definition of availability is :  (Hours of Wind Turbine in
Operation mode / Hours of Grid in Operation Mode) * 100%.

If you do not have this calculation do you have summarized counter data for
the European 1.5 fleet by month for the year 2001?  This is not a request for
the individual VisuPro files but rather some sort of consolidated data
(Excel, Access, etc) which shows each counter value for each turbine for the
month.  If you have this data then I think we could produce a Vestas
availability number to use in AWEA.

I know this is a big request so I thank-you in advance!

Best Regards,
Hollis


Please remove me from mailing list.
Thanks.


Attached is Mary Schoen's analysis of Gov. Davis' Executive Order on
expediting siting and maximizing output.

I have asked Mary to try and identify the # of MWs that may be impacted by
these actions.

Jim

----- Forwarded by James D Steffes/NA/Enron on 02/11/2001 02:49 PM -----

	Mary Schoen
	02/09/2001 03:58 PM

		 To: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Robert
Frank/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Michael Terraso/OTS/Enron@ENRON, Stacey
Bolton/NA/Enron@Enron, Heather Mitchell/HOU/EES@EES, Robert
Frank/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON
		 cc:
		 Subject: Summary and Very Brief Analysis of Governor Davis's 2/9/01
Executive Orders

Below is a brief summary of the five Executive Orders issued by Governor
Davis on 2/9/01.

For those of you that want the Cliff Notes Version:

These Orders appear to be an attempt to accomplish three things:

1.  Expedite Siting for New Powerplants and Expansions or Modifications of
Existing Powerplants
2.  Maximize Output and Minimize Outages at Existing Facilities
3.  Centralize Authority and/or Mitigate Issues Impacting Powerplant Siting
and Construction

The tone is both one of we feel your pain in the complexity of permitting
powerplants; and that we will tolerate no excuses for not running at full
capacity.  (ie; the carrot and the stick)

They also includes some targeted incentives to encourage powerplant operators
to sell their power under contract to the State Dept. of Water.

Some of the critical issues impacting the effectiveness of these orders will
be:

- How much capacity is truly "idling" and will be able to be brought back on
line or increase its output?
- Will the state be able to better manage air quality issues and create
flexibility within the framework allowed by the Clean Air Act in order to
positively change the air quality issues impacting power plant construction
and operation?
- How quickly can the accelerated permitting procedures be implemented and
how soon will we see movements in the market to increase new generation given
the other issues in CA?

We will continue to analyze the impacts of these orders, but wanted to get
information to you in a timely manner.

D-22-01  Increased Output/Expedited Siting Mandates

CEC exemption from siting requirements for increased output by existing power
generators.
- limited to less than 50MWs using existing installed capacity b/w
06/01-10/01/01

Expedited processing of applications for certification of existing thermal
powerplants that require retooling and a current license to operate.

Accelerated review from all agencies involved in the licensing of proposed
thermal powerplants.

Action by the State Water Resources Control Board  to insure wastewater
issues do not preclude thermal powerplants from operating.

Requirements for the State Dept. of Water Resources to purchase power from
powerplants using renewables and other resources that may currently have not
other market for their power.

Expires  12/31/01 unless extended

Analysis:

This Order is intended to take away the excuses for why some powerplants are
currently not operating or not operating at full capacity.  It does not waive
air quality requirements (they are addressed in a separate order).

D-23-01  Appropriate Maintenance and Efficient Operation Requirements

ISO Requirements:
- Require generators to submit planned outage schedules to the ISO
- Prepare a coordinated outage plan to be updated quarterly
- Identify generation maintenance criteria to be met by generation facilities
- Maintain records of any unplanned generation facility outages and provide
those records to Electricity Oversight Board
- Conduct independent audits of generation facilities that have fallen below
performance benchmarks est. by the ISO
- Consider seeking the authority under state law of federal regulation to
impose fines on those generation facility owners whose generation facilities
have fallen     below performance benchmarks est. by the ISO

Requires that the Electricity Oversight Board review the ISO Tariffs and
Protocols to identify any necessary revisions to increase the ISO's ability
to ensure adequate power during peak demand.

Instructs the CPUC to ensure that generation facilities still owned by
utilities are operated as required to maintain reliability.

Requires the Electricity Oversight Board to propose legislation to expand its
authority to issue audits of generation facilities that do not meet est.
benchmarks for availability and performance, and issue fines against those
plants, after a hearing.

Analysis:

Again, the tone of this order is that the state won't tolerate outages as an
excuse for not generating.  It is also an attempt to better manage planned
outages to prevent situations that happened last fall when too many plants
where off-line for maintenance at the same time.

D-24-01  Air Pollution Flexibility and Mitigation Measures

Mandates that local air districts modify emissions limits that limit hours of
operation in air quality permits to ensure that power generation facilities
that provide power under contract to the Dept. of Water Resources are not
restricted in their ability to operate.
- Requires air districts to require a mitigation fee for all applicable
emissions in excess of the previous limits
- If air districts do not comply, the Board (CARB?) shall impose
modifications on the permits in lieu of districts

The Board shall establish an emissions reduction credit bank using emissions
reductions from all available sources:
- Credits will be made available to powerplant peaking sources that need
emissions offsets in order to add new or expand peaking capacity for the
Summer Peak Season in 2001
- In the case of powerplants that agree to sell their power under contract to
the Dept. of Water Resources, CA will make available where necessary and
available the required emissions credits at up to a 50 percent reduction,
- In order to maximize the amount of electrical generating capacity,
emissions reduction credits for new generation capacity shall be provided to
facilities where necessary and available.
- Proceeds from the sales of these emission reduction credits shall be made
available to fund emissions reduction programs in the air district where the
new or expanded facility is located.

Expires 12/31/2001 unless extended

Analysis:

This order requires the air districts to modify permit limits on run hours
for air quality reasons by allowing those powerplants that sell to the Dept.
of Water to pay a mitigation fee and creates an emission reduction credit
bank available for use by other sources.  There are a lot of details that
remain to be clarified, including how the state is going to locate emissions
reduction credits where developers were unsuccessful.  However, it is a step
in the right direction by creating flexibility and beginning to drive
authority back to the state level.

D-25-01  Acceleration the Construction and Upgrading of Approved Powerplants

Expedites review and approval of post-certification amendments to increase
output from thermal powerplants by the Energy Commission.

Authorizes the Energy Commission to suspends the requirements of the statutes
and regulations that normally control post-certifications to the extent that
they impact prompt mitigation of this emergency.

Requires the Energy Commission to establish milestones for both initiation of
construction within one year of certification, and for the construction phase
of the project.  Failure to meet milestones without prior approval by Energy
Commission based on a showing of good cause shall constitute forfeiture of
the certification.

Expires 12/31/01 unless extended

Analysis

Again, no excuses for not getting your powerplant modifications approved and
completed in a timely manner.

D-26-01  Accelerating the Availability of New Generation Sources

Requires all relevant agencies shorten the review periods to 7 days for
required environmental impact documents prepared under CEQA for all
powerplants that are not subject to the Energy Commission (under 50MWs) and
that are proposed to be on line by summer 2001.

 Energy Commission shall expedite its licensing process in the following ways:
- Expedite processing of applications for peaking or renewable powerplants
for construction and operation by July 31, 2001.
-Peaking or renewable powerplants that have a current contract with the ISO
and can be online by July 2001 may also apply to be permitted by the Energy
Commission under the emergency siting process.
-Rules which provide a license for a simple cycle thermal powerplant within
four months, shall apply to any proposed simple-cycle thermal powerplant that
can be brought on line by August 31, 2002  and that have an application for
certification complete by Dec. 31. 2001.
-Under regulations for the expedited licensing of powerplants, emission
offset credits are not required at the time of filing an application for
certification
-The Energy Commission shall conduct a study of potential peaking power sites
in the state and prepare a report by 02/21/01  identifying those areas of the
state that would benefit from the installation of peaking powerplants to
augment supplies and ensure reliability through the summer of 2003.

IOUs must complete necessary interconnection studies within 7 days of receipt
of completed application.

Expires 12/31/01 unless extended.

Analysis:

This is an attempt to accelerate the permitting of smaller sources and
peaking units.


What does this mean?  No record of Panther Pipeline in any of the fifty
states?  Is it a dba?


Sorry for the timing east of California.? There was no other time
available....

-----Original Message-----
From: Jeffery.Fawcett@enron.com [mailto:Jeffery.Fawcett@enron.com]
Sent: Monday, May 08, 2000 2:31 PM
To: Cherry, Brian - TPBKC
Cc: Susan.Scott@enron.com; mbaldwin@igservice.com
Subject: Rebuttal Testimony Conference Call - Assignments and Testimony
CONFIDENTIAL

Brian,
I'm out of pocket tomorrow afternoon 5-7 p.m. CDT.?? I'll ask Susan Scott
and/or Mark Baldwin if they can represent TW on the call.

"Cherry, Brian - TPBKC" <BCherry@sempra.com> on 05/08/2000 03:33:46 PM

To:?? "Cherry, Brian - TPBKC" <BCherry@sempra.com>, "'AlexanMS@sce.com'"
????? <AlexanMS@sce.com>, "'paulamirault@aec.ca'" <paulamirault@aec.ca>,
????? "'david.bayless@utility.com'" <david.bayless@utility.com>,
????? "'Tomb@crossborderenergy.com'" <Tomb@crossborderenergy.com>,
????? "'Burkee@cts.com'" <Burkee@cts.com>, "'Craigc@calpine.com'"
????? <Craigc@calpine.com>, "'Rick.Counihan@greenmountain.com'"
????? <Rick.Counihan@greenmountain.com>, "'Jdasovic@enron.com'"
????? <Jdasovic@enron.com>, "'Mday@gmssr.com'" <Mday@gmssr.com>,
????? "'bdingwall@unitedgas.com'" <bdingwall@unitedgas.com>,
????? "'Douglass@arterhadden.com'" <Douglass@arterhadden.com>,
????? "'eke@aelaw.com'" <eke@aelaw.com>, "'Jfawcet@enron.com'"
????? <Jfawcet@enron.com>, "'rfoss@coral-energy.com'"
????? <rfoss@coral-energy.com>, "'plg@cpuc.ca.gov'" <plg@cpuc.ca.gov>,
????? "'johnj@bcjlaw.com'" <johnj@bcjlaw.com>, "'Johnson_Pamela@lacoe.edu'"
????? <Johnson_Pamela@lacoe.edu>, "'karpjos@sf.whitecase.com'"
????? <karpjos@sf.whitecase.com>, "'jleslie@luce.com'" <jleslie@luce.com>,
????? "'kmccrea@sablaw.com'" <kmccrea@sablaw.com>, "'jmpa@dynegy.com'"
????? <jmpa@dynegy.com>, "'rmp@cpuc.ca.gov'" <rmp@cpuc.ca.gov>,
????? "'porterdk@sce.com'" <porterdk@sce.com>, "'RochmanM@cubjpa.org'"
????? <RochmanM@cubjpa.org>, "'RochmanM@spurr.org'" <RochmanM@spurr.org>,
????? "'susan.scott@enron.com'" <susan.scott@enron.com>, "Betonte, Robert -
????? TP2RSB" <RBetonte@socalgas.com>, "Brill, Thomas R."
????? <TBrill@sempra.com>, "Davis, Robert E." <REDavis@sempra.com>,
????? "Follett, B. David - TPDBF" <DFollett@sempra.com>, "Fong, Ed"
????? <EFong@SDGE.com>, "Freeman, Kimberly" <KFreeman@sempra.com>, "Gaines,
????? Mark - TPMFG" <MGaines@socalgas.com>, "Harrigan, James P. - TP1JPH"
????? <JHarrigan@socalgas.com>, "Hay, James E." <JHay@sempra.com>,
????? "Hubbard, Lisa J." <LJHubbard@sempra.com>, "Lorenz, Lad - TPLPL"
????? <LLorenz@socalgas.com>, "McVay, Nancy W - TPNWM"
????? <NMcVay@socalgas.com>, "Morrow, Rick - TP3RMM"
????? <RMorrow@socalgas.com>, "Purves, Ralph A." <RPurves@SDGE.com>, "Reed,
????? William" <WReed@sempra.com>, "Sakarias, Wayne P."
????? <WSakarias@SDGE.com>, "Schavrien, Lee" <LSchavrien@sempra.com>,
????? "Smith, Anne S. - TPASS" <ASmith@sempra.com>, "Sullivan, Glen J."
????? <GSullivan@sempra.com>, "Surak, Thomas M. - TP1TMS"
????? <TSurak@socalgas.com>, "Suwara, J.- TPJUS" <JSuwara@sempra.com>,
????? "Takemura, Earl - TPEKT" <ETakemura@socalgas.com>, "Teeter, James S."
????? <JTeeter@SDGE.com>, "Van Lierop, Jan - TP2JXV" <tp2jxv@socalgas.com>,
????? "Watson, Steven - TP2SAW" <SWatson@socalgas.com>, "Wright, Gillian -
????? TP1GXW" <GWright@sempra.com>, "Barker, David - TPDTB"
????? <DBarker@socalgas.com>, "'How-Downing, Lindsey'"
????? <lindseyhowdowning@dwt.com>, "'Jun, Christine'" <chj@aelaw.com>,
????? "'Gileau, Pat'" <plg@cpuc.ca.gov>, "'Khoury, Dexter'"
????? <bsl@cpuc.ca.gov>, "'ack@aelaw.com'" <ack@aelaw.com>, "Nelson, Eric
????? B. - TPEBN" <ENelson@socalgas.com>, "Bisi, David - TP1DMB"
????? <DBisi@socalgas.com>, "Mumford, Joel - TP4JDM"
????? <JMumford@socalgas.com>, "Tom, Gwoon - TPGYT" <GTom@socalgas.com>,
????? "Suwara, J.- TPJUS" <JSuwara@sempra.com>, "Wright, Gillian - TP1GXW"
????? <GWright@sempra.com>, "Mumford, Joel - TP4JDM"
????? <JMumford@socalgas.com>, "Teeter, James S." <JTeeter@SDGE.com>,
????? "Scott, Addis B." <AScott@SDGE.com>
cc:

Subject:? Rebuttal Testimony Conference Call - Assignments and Testimony C
????? ONFIDENTIAL

I have scheduled a conference call for Tuesday, May 9, from 3:00PM-5:00PM
to discuss our rebuttal testimony on the Comprehensive Settlement Agreement
that is due on Friday, May 19.? I know many of you are still recovering
from the direct testimony (which looks fabulous, compelling and persuasive)
but we now need to focus our attention on rebuttal.? Call in number is
1-800-720-5846? Confirmation number is 6185854.

I'm looking for feedback on the best approach to rebuttal and I have a few
suggestions.? First, I would like to limit the testimony to witnesses who
have already filed direct testimony.? Unless we absolutely need to add
additional witnesses, my preference is to stop while we are ahead.? Adding
more witnesses will make it increasingly difficult to convince the ALJ that
the panel approach will work.? Second, although this is rebuttal testimony,
it is not typical rebuttal.? ALJ Biren reserved this rebuttal for parties
opposing settlements to state their case.? In as much as we can work in
issues that are objectionable from direct, we should do so.? Nonetheless,
we should try and focus our testimony on those things in the Post-Interim
that are objectionable and inconsistent with the Commission's Most
Promising Options.? I would use all of our "powder" on the Post-Interim
arguments and limit our opinions on the viability of the Interim (at least
some of the Interim signatories will take this approach).?? We will also
need to address issues raised by PG&E, Long Beach and others, but it should
not take up a lot of ink.

I would like to portion out the assignments to the Post-Interim as follows:

SoCalGas??????? ??????? Historical reply to reasonability of capacity
contracts, assignments, and step-downs
SoCalGas??????? ??????? Shareholder risk/reward; consistency with the
Global Settlement; ratepayer sharing
SoCalGas??????? ??????? Montebello
SoCalGas??????? ??????? Information disclosure
ORA???? ??????? ??????? Gas Accord as the appropriate regulatory policy
model
Dynegy/Watson/Enron???? Unbundling transmission benefits all customers,
especially electric generators; RMRs
and Edison
WHP/WGS ??????? Storage unbundling
TXU/Shell?????? ??????? Core capacity unbundling; self-balancing
GreenMountain?? ??????? Failure to address retail issues

I am not suggesting this is a comprehensive list and if I have missed
something, speak now.?? I would like us to get our first draft out to
parties no later than noon Monday, May 15.? Sorry folks, but we're running
out of time.