Mark,

Further to Mark Haedicke's e-mails, for your information please see below my
e-mail of yesterday evening to Mark Haedicke and Scott Sefton re the impact
of English law on a potential Equity trading desk based in London.

Kind regards

Mark
---------------------- Forwarded by Mark Elliott/LON/ECT on 02/03/99 11:41 AM
---------------------------

Mark Elliott
02/02/99 06:33 PM
To: Mark E Haedicke/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT
cc:
Subject: Proposed London Equity Trading Desk

I have reviewed the above proposal (which includes having had some in-depth
conference calls with Slaughter & May, London) and conclude that the project
is technically and legally viable provided that the points listed below are
dealt with.  Mark, once you have read this note, if you would like to discuss
the contents with Scott and me, please do not hesitate to give us a call.

SFA Authorisation and Structure

On account of the potential frequency and size of trading (even on an
execution-only basis for ECT Investments Inc), the London Desk should be
authorised by the SFA.  The personnel involved in the activity should be
registered with the SFA as, at least, Securities Representatives, and
preferably as General Representatives.

Accordingly, subject to Tax Department's input, the London traders should be
located in EEFT (already SFA-regulated) which would act as arranger or agent
for the existing Houston-based equity trading corporation, ECT Investments,
Inc (the latter as principal).

Subject to Tax and other internal considerations, it would also be possible
for EEFT to act as agent to do this business for, as principal, either
ECTRIC, the proposed replacement vehicle for ECTRIC,  or a new UK unregulated
entity (the latter would apply if a UK book was required).  A UK entity, as
principal, would be "unregulated" if it was a purely passive booking company.

Provided that the ultimate principal is either ECT Investments, Inc., ECTRIC
or an unregulated UK principal, there should not be any UK regulatory capital
requirements.

The SFA would need to be informed in advance of our intention to have an
equity trading capability in London and EEFT's SFA business profile would
need to be extended to cover both arranging and dealing as agent in respect
of equities.

Transaction Reporting

As the business would be SFA regulated per the above, SFA Rule 5-49 would
require all transactions to be "Transaction Reported" - for pure cash equity
business (wherever the equities are listed) this would be accomplished by
computer-entry of trade details which would then download to one of the
London Stock Exchange's ("LSE's") systems known as either "SEQUAL" or
"CHECKING".

The purpose of such reporting  is not only to enable the LSE and SFA to
establish daily market volumes, etc.,  but also, for example, to provide the
relevant information to the LSE's surveillance unit which actively monitors
all trades for signs of Insider Dealing.

Systems' impact

On the above structure, there should be no extra systems' requirements,
except:-

 PC screens for the traders having feeds of market quotes / market
information (e.g., Reuters, Telerate, etc):

potentially a computer-link for settlement purposes

a computer-link for the Transaction Reporting of executed deals to the LSE
(see above)

a computer-link to produce exception reports of executed deals to enable a
Compliance Department to monitor for Disclosable Interests in Shares (see
below)

a computer-link to produce reports of executed deals for monitoring against
the Watch and Restricted Lists (see Insider Dealing below)

Accountants, e.g., Arthur Andersen, would be the best placed to advise on the
correct form of computer-links, especially those for Transaction Reporting
purposes.

Disclosure of Interests in shares

Re UK listed companies there are the following disclosures to be made of
equity interests:-

S. 198 Companies Act '85 - acquisition of 3 % interest or more, or disposal
to below a 3% interest, or acquisition of each whole % above a 3% interest of
a UK Public Co's voting capital requires to be disclosed to the company.
Group interests / concert party interests are aggregated to arrive at the
thresholds and "interest" includes a right or option to acquire shares.

Substantial Acquisition Rules - acquisition of over 15% interest in a UK
public company requires separate disclosure to the Company and, if listed, to
the LSE.

Rule 9 Takeover Code - acquisition of 30 % or more of UK public company's
voting shares leads to a requirement to make a cash offer for the remainder.

S. 212 Companies Act '85 - UK public companies can request at any time an
entity to disclose to the company particulars of their, and other persons',
interests in the company's share capital, including such details for the last
three years.

Rule 8.3 Takeover Code - during an "offer period" relating to a UK public
company (and the offer is a "securities exchange offer"), persons owning or
controlling directly or indirectly 1% or more of relevant securities of that
company (including cash-settled derivatives) must disclose such interests to
the Take-Over Panel.

Please note that there may be similar rules in other jurisdictions, depending
on where the relevant equities are listed - indeed in some jurisdictions
there may be  prohibitions on foreign ownership of equities.

Insider Dealing

Looking just to the UK legislation (The Criminal Justice Act 1993), the
various criminal offences of Insider Dealing are committed, basically, when
an individual has Inside Information (meaning unpublished price-sensitive
information) concerning the securities of an entity or entities (whether UK
or non-UK) which are officially listed in any State within the European
Economic Area or admitted to dealing, or quoted, on a "Regulated Market"
(e.g., including the major European markets, NASDAQ, etc).  Please note that
"price-sensitive"  means likely to have a significant effect on the price of
any securities - not just those of the entity or entities in respect of which
one has the knowledge; and "securities" includes shares, debentures, options
to subscribe for shares / debentures, depository receipts, futures and CFDs.
Once in knowledgeable possession of insider information, the offences are
commited if one deals in price-affected securities in relation to  that
information, or encourages another to so deal or discloses the information.
The offence is punishable by imprisonment and / or fines.

        The offences are highly technical and there are certain defences
available.

The manner in which to try to prevent the internal commission of the offences
is to put in place, simply, "established and effective" Chinese Walls between
those individuals who would be involved in the Equity Trading facility and
others in within the Enron Group who may have such inside information, to
prevent the potential flows of Inside Information between those with such
information and the Equity Traders in London.  Both I and Slaughter & May
feel that potentially replicating in London the Enron Chinese Wall  policy
actively followed in Houston could suffice in this respect as it is generally
felt that the US requirements should be at least as stringent as those
required in the UK.  Alan Aronowitz is in the process of  sending me
Houston's policy in this regard for review and upon receipt that policy will
be reviewed accordingly.

However, the relevant Chinese Walls would need to be put in place for Insider
Dealing purposes between, in my and Slaughters' views, (a) on the one side,
the Equity Traders and (b) on the other side, originators and traders, and
persons involved in any corporate finance, M&A, Joint Venture, and financing
activity.

Not only would the Chinese Walls need to be implemented, but also they would
need to be actively monitored by a Compliance Department in London to ensure
that they were being observed and effective.

In addition to the Houston Chinese Wall policy, there should be implemented
both a "Watch List" and a "Restricted List" procedure (I understand the
latter already exists and would need to be combined with additions to such
list in London ) - the Watch List does not actively prevent trading in
relevant securities, but is an intermediate step before a stock is placed on
the Restricted List: i.e., companies in which Enron is involved in sensitive
transactions would be placed on such a list and an internal Compliance
Department should then actively monitor for any unusual deals by the Equity
Traders (e.g., by volume etc) in stocks of the Companies on  such list.  If
any irregular trading activity is then spotted - it could be internally
investigated.  Obviously, an internal procedure would need to be established
to gather information on sensitive transactions so that they could be placed
on the Watch / Restricted Lists as appropriate.

Other Confidential Information

In addition to any specific Insider Information, various Enron Group entities
will be party to specific Confidentiality Agreements (or other forms of
Agreement, e.g., Master Agreements, containing confidentiality clauses) with
third parties, pursuant to which the Enron entities may have confidentiality
obligations to those third parties and which may prevent the contracting
Enron entities from disclosing certain information to affiliated Enron
entities.

Obviously, in order to comply with our various obligations in this regard we
would need either to check each contract or ensure that Enron personnel were
aware of their obligations in this regard and never disclosed to the London
Equity traders any information covered by the confidentiality obligations.
The Watch List could be used to log, for monitoring purposes, companies to
whom Enron owes confidentiality obligations.

Both with regard to Insider Information and this form of confidential
information, employees would need to be actively trained to ensure that only
generally available market sentiment on a third party could be passed on to
the London Equity traders and not more specific information.

Compliance Department

If this proposal moves ahead, my suggestion is that Enron in London would
need to hire an experienced  Compliance professional for the following
purposes:-

active implementation of, review of, and consistent monitoring of, the
Chinese Wall policy;

active monitoring of executed deals against Watch and Restricted Lists;

active monitoring of executed deals for Disclosable Interests in Shares in
the UK and similar rules and prohibitions in other jurisdictions;

handling SFA and  LSE queries on Transaction Reporting;

handling potential LSE and Takeover Panel queries on executed Transactions;
and

running continuous training courses for Enron personnel on Insider Dealing,
confidentiality obligations, etc.

In addition, such person could have responsibility for the implementation of,
monitoring of, and ensuring compliance with, SFA Conduct of Business Rules
and Moneylaundering compliance, and any relevant exchange rules, firm-wide in
London across all of Enron's business - e.g., its OTC Derivatives'
business.
Kind regards

Mark


CALENDAR ENTRY:	APPOINTMENT

Description:
	Customer Accounts Meeting

Date:		9/29/2000
Time:		1:30 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Start Date: 4/18/01; HourAhead hour: 12;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041812.txt


Open Enrollment for your 2002 Health Benefits begins Monday, October 29, 2001!

Q. 	WHAT DOES THIS MEAN?
A. 	If you plan to make changes to your existing benefit coverage, you will need to make changes during Open Enrollment which begins Monday, October 29, 2001 at 8:00 AM (Central) and ends on November 12, 2001 at 5:00 PM (Central)

To facilitate these changes, you received an Open Enrollment Benefit Packet at your home address.  This packet contains a personalized [Julie Kearney]    worksheet and the Enron Instruction Guide to help you make your selections.  	(If you have not received your Info Packet, please let us know ASAP! )

Q.	WHAT DO I NEED TO DO?
1.  If you are satisfied with your current elections and do not need to make changes, do nothing.  Your current choices will automatically roll over to 2002.

2.  If you plan to make changes to your coverage, you will need to either access the Intranet website at work:  benefits.enron.com
or at home at  www.Enron.BenefitsNow.com   or call the Phone Enrollment Line at (800) 332-7979, Option 5.

Q. 	I HAVE MORE QUESTIONS.  I NEED MORE INFORMATION.
A.	If you have more questions or need more information, you may  call in to our  Open Enrollment "Brown Bag" Info Session being held on Friday,October 26 @ 11:30 PM in the Mt Hood Conference Room.

EWS Portland HR Office
Julie Kearney x7404
Grace Rodriguez x8321


TP2 is buying Spinnaker gas (deal 632998) from Gulf 1 at Zone 2 IF (deal
657407).  TP2 is selling the gas back to Gulf1 at IF plus variable cost (deal
657409) at St 45.  It is my understanding that the transport commodity rate
for gas from this well is $.02 plus fuel.  SO, I just changed the price on
deal 657409 from Z2 IF + .09 to Z2 IF + .045.  We should see about $68,000.00
move from TP2 to Gulf 1.


Dear ALJ Biren:

Aera Energy LLC plans to offer the Rebuttal Testimony of Harold Orndorff, for
which an exhibit number has not yet been established.

We initially estimate the following cross-examination time, which could be
eliminated through coordination with SoCalGas and Aera.

Lorenz                   .5  hours
Black                    .5  hours

Please let me know if you have questions.

Evelyn Elsesser
415/421.4143


I have passed your voicemail to Ross Mesquita (Manager, EnronOnline) who is now looking at Business opportunities for DealBench.  About 2 months ago, we decided to discontinue external commercial activities for DealBench and evaluate strategic alternatives with respect to monetizing the platform.
Feel free to follow up with Ross.
thanks,
Jeff


Pat,  I will be out Nov. 17, 21, 22, 23, 27.

	Pat Radford
	11/02/2000 11:30 AM

		 To: Barbara N Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT,
Peggy Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Shawna
Flynn/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Ann
Elizabeth White/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT,
Kathleen Carnahan/NA/Enron@Enron, Debra Perlingiere/HOU/ECT@ECT, Robert
Walker/HOU/ECT@ECT, Kimberlee A Bennick/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT
		 cc: Jenny Helton/HOU/ECT@ect, Chaundra Woods/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT,
Taffy Milligan/HOU/ECT@ECT, Linda J Noske/HOU/ECT@ECT, Legal Temp
1/HOU/ECT@ECT
		 Subject: November Calendar

Please send me any dates you plan to be out during the month of November by
5:00 pm today.  The Group Calendar will be distributed tomorrow.  Thanks for
your help.


Confirm as AdvanceEnergy is a Government utility for legal reasons it needs
to be limited to Australian power and weather

From: Tana Jones@ECT on 13/11/2000 06:09 PM CDT
To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Harry M Collins/HOU/ECT@ECT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Marie Heard/Enron Communications@Enron Communications, Robbi Rossi/Enron
Communications@Enron Communications, John Viverito/Corp/Enron@Enron, Jane
McBride/AP/Enron@Enron, Andrea Calo/SA/Enron@Enron
cc:

Subject: EOL Credit Responses 11/13/00

----- Forwarded by Tana Jones/HOU/ECT on 11/13/2000 05:08 PM -----

	Bradley Diebner
	11/13/2000 04:58 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron
		 cc:
		 Subject: EOL Credit Responses 11/13/00

Regards,
bd


----- Forwarded by Stephanie Harris/Corp/Enron on 11/09/2000 06:51 PM -----

	"Baird, Bob" <RBaird@velaw.com>
	11/09/2000 06:43 PM

		 To: "Harris, Stephanie (Enron)" <stephanie.harris@enron.com>, "HARRIS
STEPHANIE J (E-mail)" <IMCEAMS-stephanie+2Eharris+40enron+2Ecom@velaw.com>,
"Rex Rogers (E-mail)" <rrogers@enron.com>
		 cc:
		 Subject: CONFIDENTIAL/ATTORNEY-CLIENT PRIVILEGE

 <<161742_1.DOC>>
Enclosed is a first draft of a bullet point list on broker issues.  It is
longer than most bullet point memos because I thought you should understand
the details; if it's too detailed I certainly can re-do it.  Please call if
you have any questions.
          ++++++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

 - 161742_1.DOC


I am sitting in on this conference call as I write this message.  Brent just
mentioned that you were preparing an analysis addressing "trading locations"
to present to Don.  Randy is interested in seeing your written response.  Do
you need anything from me?

Also, I heard from AFAC by e-mail yesterday and he said that Marcelo was
working on a memo (which I was to receive yesterday!).  We may need Randy to
intercede and keep the lawyers working on ALL projects.  Apparently AFAC
handles all Central Bank issues for Tozzini and Cuiaba has these issues now.

ss


What night do you plan on staying?

GT

> -----Original Message-----
> From: Gerald.Nemec@enron.com [SMTP:Gerald.Nemec@enron.com]
> Sent: Monday, October 16, 2000 2:37 PM
> To: gtownsend@manorisd.net
> Subject: Missouri
>
> GT,  How is it going?  Man, was that an ass-whipping or what that we took
> from OU.  Looks like we salvaged some dignity with the CU game.
>
> I was planning on coming in for the Missouri game.  I might have my
> brother
> and another friend with me.  How are you set for space.  Those guys could
> crash on the couches, if its not a problem with you.  If it is a problem,
> just let me know and we can make other arrangements.
>
> Talk at ya later
>
> G


you will check in with CO and they will reissue your tkt at the airport. If
you have any questions, please let me know.

Thanks,
Heather

                                          AGENT AA/HM BOOKING REF YVEGYS

                                          TAYLOR/MARK E
                                          EB 3889
                                          ETKT RECEIPT
  ENRON CORP

  DATE:  SEP 24 2001

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  18OCT HOUSTON TX     MINNEAPOLIS MN 700P    948P
CO 616     T          THU   G.BUSH INTERCO ST PAUL INTL
                            TERMINAL C     TERMINAL L
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         2:48 DURATION
                  AIRCRAFT: BOEING 737-300

NORTHWEST AIRLINES    18OCT MINNEAPOLIS MN MOLINE IL      920P    1035P
NW 5626    V          THU   ST PAUL INTL   QUAD CITY
           NON SMOKING      TERMINAL L
                                                          NON STOP
                            RESERVATION CONFIRMED         1:15 DURATION
                            FLIGHT OPERATED BY 9E EXPRESS AIRLINES
                  AIRCRAFT: CANADAIR REGIONAL JET
                            SEAT 05B NO SMOKING CONFIRMED TAYLOR/MARKE(ID

NORTHWEST AIRLINES    21OCT MOLINE IL      MINNEAPOLIS MN 1035A   1215P
NW 2788    V          SUN   QUAD CITY      ST PAUL INTL
           NON SMOKING                     TERMINAL L
                                                          NON STOP
                            RESERVATION CONFIRMED         1:40 DURATION
                            FLIGHT OPERATED BY XJ MESABA AIRLINES
                  AIRCRAFT: SAAB SF340A/340B
                            SEAT 10A NO SMOKING CONFIRMED TAYLOR/MARKE(ID

NORTHWEST AIRLINES    21OCT MINNEAPOLIS MN HOUSTON TX     123P    409P
NW 1022    V          SUN   ST PAUL INTL   G.BUSH INTERCO
           NON SMOKING      TERMINAL L     TERMINAL B
                                                          NON STOP
                            RESERVATION CONFIRMED         2:46 DURATION
                  AIRCRAFT: AIRBUS INDUSTRIE A319
                            SEAT 06C NO SMOKING CONFIRMED TAYLOR/MARKE(ID
                YOUR ETKT CONFIRMATION NUMBER IS: M7YZY2
               THIS IS A NON-REFUNDABLE FARE THAT REQUIRES
               TRAVEL ON THESE SPECIFIC DATES AND FLIGHTS.
               ANY CHANGES WILL RESULT IN A PENALTY AND/OR
                         ADDITIONAL COLLECTION.
           **************************************************
         YOUR TICKET REFLECTS A NEGOTIATED DISCOUNT FROM THE TAP
              THE PUBLISHED FARE FOR THIS TICKET IS $291.00
           **************************************************

MISCELLANEOUS         18FEB HOUSTON TX
                      MON   ** THANK YOU FOR USING THE TAP **

RESERVATION NUMBER(S)  CO/VYVNKX  NW/M7YZY2

TAYLOR/MARKE  S0C0413R1056               TICKET:NW/ETKT 012 7033562049

NW  FREQUENT FLYER COSC471253
ASSISTANT: HOLLY KEISER 713-345-7893
******************************************
INTL TVLRS: CARRY SOS WALLET CARD W/ENRON ASSISTANCE INFO
CALL SOS MEDICAL EMERGENCY:IN U.S 800 523-6586
CALL SOS MEDICAL EMERGENCY:INTL 215 245-4707 (COLLECT)
*********************************************
THIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET.
PLEASE CHECK-IN WITH PHOTO IDENTIFICATION AND WITH
EITHER (1) THIS RECEIPT OR (2) YOUR CONFIRMATION NUMBER.
YOUR ETKT CONFIRMATION NUMBER IS: M7YZY2
****************************************************
ALL FARES ARE SUBJECT TO CHANGE UNTIL TICKETED/PURCHASED

Heather M Davis
Have a great day =)
The Travel Agency in the Park
heather.davis@travelpark.com
713 860 1179 (direct line)
713 860 1879 (direct fax)
***************************


I can't believe you finally got Vlady. You must have snuck in while I was on vacation.

By the way, Whalley, Port and I talked and decided we would try removing all your limits except var. Lets see how it works.

Rick


On November 8th begining at HE 8 Tosco informed Real time that they were
going off the grid with no return ETA.   They were scheduled in correctly for
the day ahead at 7 MW.  We were able to take out hours 11-24 however, hours
8-10 we were short ex-post by the 7 MW.  Toscos schedule was zeroed out by
decing short term cali load in PGE 3 per Jeff Richter.  Note to real time
night shift.  Tosco may be coming back on line completely but as of yet they
have not  called back to notify when that may be.  Please contact me or
Jeremy with any questions.


Genaro Mendoza@ENRON
01/05/2001 07:46 AM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Agave Price Spreadsheet

Darron,

 Can you please send to me the spreadsheet used to calculate the price for
Agave? We have had price discrepancies and they would like to go over the
different pricing compnents to determine were we differ.

Thanks,
Genaro


Start Date: 4/21/01; HourAhead hour: 8;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042108.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: NFRM

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 8 / Preferred: -825.00 / Final: -824.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  TRADING_SC: WESC
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1


Thanks, Steve.  Alan, any word from Tim re: resource availability?  See you
all in Houston.
Best,
Jeff


FYI -- Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 10/10/2000 02:29
PM ---------------------------

09/27/2000 03:09 PM
Kriste Sullivan@ENRON
Kriste Sullivan@ENRON
Kriste Sullivan@ENRON
09/27/2000 03:09 PM
09/27/2000 03:09 PM
To: Sharon Butcher/Corp/Enron@ENRON, Michelle Cash/HOU/ECT@ECT
cc:
Subject: Oregon Statute

FYI

In case this issue comes up for you, be advised that in Oregon by statute the
employer is required to provide a terminated employee access to his or her PH
file and a certified copy  of the file upon request.  A copy of the statute
is attached.

Kriste K. Sullivan
Enron Corp. Legal
1400 Smith, EB 4861
Houston, TX  77002
(713) 853-7557
(713) 646-5847 Fax
KSulliv@Enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.
----- Forwarded by Kriste Sullivan/Corp/Enron on 09/27/2000 03:06 PM -----

	Barbara Halle/ENRON@Gateway
	09/25/2000 02:10 PM

		 To: Kriste Sullivan/Corp/Enron@ENRON
		 cc:
		 Subject: Oregon Statute

Here is the statute you were asking about.  Any questions, please call....

O.R.S. o 652.750

1999 OREGON REVISED STATUTES
TITLE 51. LABOR AND INDUSTRIAL RELATIONS
CHAPTER 652. HOURS; WAGES; RECORDS
PERSONNEL RECORDS

Current through End of 1999 Reg. Sess.

652.750. Inspection of records by employee; furnishing copy to employee;
disposition of record on termination of employment; charge for copies.

 (1) As used in this section:

 (a) "Employer" has the meaning for that term provided in > ORS 656.005.

 (b) "Personnel records" do not include records of an individual relating to
the conviction, arrest or investigation of conduct constituting a violation of
the criminal laws of this state or another state or the United States,
confidential reports from previous employers or records maintained in
compliance with > ORS 351.065.

 (2) At the request of an employee, the employer shall provide reasonable
opportunity for the employee to inspect, at the place of employment or place
of work assignment, those personnel records of the employee which are used or
have been used to determine the employee's qualification for employment,
promotion, additional compensation or employment termination or other
disciplinary action. At the request of the employee, the employer shall
furnish a certified copy of such records.

 (3) Upon termination of employment, the employer shall keep the terminated
employee's personnel records for not less than 60 days. At the request of the
employee, within the 60-day period or at any time if the employer has retained
the records at the time of the request, the employer shall furnish a certified
copy of such records.

 (4) An employer may make only such charge for the services referred to in
subsections (2) and (3) of this section as is reasonably calculated to recover
the actual cost of providing the service.

(1977 c. 861 o 2; 1985 c. 404 o 6)


The attachment overviews an agreement for ETS to provide Desktop Services,
Application/Database monitoring, and Windows 2000 conversion for  The New
Power Company.  If approved by The New Power Company, this agreement will
generate approximately $300,000 in revenue with a 35% profit margin for ETS.
This will also open the door for a number of higher dollar service offerings
including Optical Imaging and Disaster Recovery.

Bob Martinez and Kelly Strader are our IT point people for this transaction.
We should know by year end if our proposal is accepted.


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    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
09:01 AM ---------------------------

"more" <more@insync.net> on 02/24/2000 09:25:59 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Fw: Application for open positions within Enron

Dear Mr. Kaminski:

Just wanted to let you know that I have submitted my slightly revised resume
(attached) for the following open positions within Enron. I am seeking an
opportunity to have a job interview with the right individuals. I know you
have been trying to help me. This is a good time for a meeting with someone
within these departments.

    1.. Credit Analyst, SPEC SR, Job # 000010220,   Dept: Trade Credit: Tony
Vasut
    2.. Manager, Job # 0000102374, Dept: ENA Consolidated Reporting: Tony
Vasut
    3.. Director, B8828, Dept: Investments/Ventures-Broadband Services
    4.. Compliance Manager, Job# 0000102317, Dept: Due Diligence/Asset
Management
I shall, therefore, appreciate your guidance on how I can come in for a job
interview. As you know, I am really interested in working for Enron, hence
request for your help.

Thank you.

Sincerely,

Maruti D. More, CFA

    1..
-----Original Message-----
From: more <more@insync.net>
To: Vince J Kaminski <vkamins@ect.enron.com>
Date: Monday, February 07, 2000 10:18 PM
Subject: Re:Personal

Dear Mr. Kaminski:

Thank you very much for meeting with me again today over lunch. I appreciated
the opportunity to catch up with you.

Please find attached my current resume (both a short and a long version). I
have worked as a trader, portfolio risk manager, and a stock analyst. I have
traded derivatives, bonds, and stocks,  and managed insurance and pension
investment portfolios to maximize risk-adjusted returns.  Let me highlight
some of my work experiences.

Trading and Risk Management
    a.. Structured, negotiated, and traded OTC interests rate swaps,
cross-currency swaps, swaptions, and exchange-traded equity index futures and
options. Made PowerPoint presentations to GARP and the UOH on credit
derivatives.
    b.. Developed investment hedging program utilizing exchanged-traded bond
futures and interest rate swaps.
    c.. Traded and managed pension and insurance fixed income portfolios to
maximize total return and funding ratios. Bonds traded: Treasuries, Agencies,
MBS/CMOs, ABS, Corporate, Yankees, and Foreign.
    d.. Traded and managed stock mutual portfolios for total return.
    e.. Created a computer program to quantify the attribution of total
return for fixed income portfolios relative to market returns.
    f.. Programmed investment compliance rules to monitor the management of
domestic and global stock, bond and money market mutual funds.
    g.. Supervised market risks, credit risks, legal risks, and operations
risks of derivatives, bonds, money market securities, and equities.
Policy , Reporting and Projects
    a.. Developed investment policy guidelines to manage fixed income
portfolios.
    b.. Rewrote derivatives policy manual.
    c.. Prepared a 20-page PowerPoint slide presentation on India for the
senior management.
    d.. Prepared and presented investment reports to CIOs, Investment
Committees, and Boards of Trustees
I shall, therefore, appreciate your help in connecting me with the right
individual within Enron for a job interview to work as a financial
trader/risk manager. I can provide excellent references upon request.

Thank you for the lunch.

Sincerely,

Maruti D. More, CFA
713-722-7199
more@insync.net

    -----Original Message-----
    From: Vince J Kaminski <vkamins@ect.enron.com>
    To: more <more@insync.net>
    Date: Tuesday, January 25, 2000 12:39 PM
    Subject: Re: Fw: Luncheon Meeting: ASAP

    Hello,

    I  shall be traveling this week. I shall be glad to meet
    you for lunch next week. Please give me a call Monday
    at 713 853 3848.

    Vince

    "more" <more@insync.net> on 01/25/2000 10:27:09 AM

    To:   Vince J Kaminski/HOU/ECT@ECT
    cc:
    Subject:  Fw: Luncheon Meeting: ASAP

    Dear Mr. Kaminski:

    Just to bring you up to date. I am no longer with American General. I
shall,
    therefore, appreciate an opportunity to meet with you for lunch at the
earliest
    possible time. I can be reached at 713-722-7199.

    Thank you.

    Maruti More
    713-722-7199

    -----Original Message-----
    From: more <more@insync.net>
    To: Vince J Kaminski <vkamins@ect.enron.com>
    Date: Friday, December 17, 1999 8:55 PM
    Subject: Re: Luncheon Meeting

    Thank you for your response. I was very happy to hear from you.

    I am also taking next week off and will be back to work on December 27th.

    Please do call me when you get back. Would very much appreciate the
opportunity
    to have a quick lunch with you, if possible. Hope everything is going
well.

    Have wonderful Christmas holidays.

    Regards

    Maruti More
    713-831-6209 (O)

        -----Original Message-----
        From: Vince J Kaminski <vkamins@ect.enron.com>
        To: more <more@insync.net>
        Cc: Vince J Kaminski <vkamins@ect.enron.com>
        Date: Friday, December 17, 1999 3:35 PM
        Subject: Re: Luncheon Meeting

        Hello,

        I shall be taking a few days off around Xmas. I shall call you at the
end of
        December
        when I get back to the office.

        With best holiday wishes,

        Vince

        "more" <more@insync.net> on 12/01/99 09:28:09 PM

        To:   Vince J Kaminski/HOU/ECT@ECT
        cc:
        Subject:  Re: Luncheon Meeting

        Dear Mr. Kaminski:

        How are you doing? I want to find out if we can meet again for a quick
    lunch.

        You might know that in Maharashtra, India there is now a new Chief
Minister
        (CEO of the State Government). I am proud to say that he and I are
from the
    same
        town, Latur.

        I would really enjoy talking with you again, at your convenience.

        I will call you tomorrow to follow up.

        Thank you.

        Sincerely,

        Maruti More

        -----Original Message-----
        From: Vince J Kaminski <vkamins@ect.enron.com>
        To: more <more@insync.net>
        Cc: Vince J Kaminski <vkamins@ect.enron.com>; vkaminski@aol.com
        <vkaminski@aol.com>
        Date: Thursday, July 01, 1999 6:16 AM
        Subject: Re: Luncheon Meeting

            Dear Mr. More,

            Let's meet at 11:45 in the lobby of the Enron building.
            We can walk to one of the restaurants in the downtown area.

            Vince Kaminski

            (Embedded     Enron Capital & Trade Resources Corp.
            image moved
            to file:      From:  "more" <more@insync.net>
            pic17002.pcx) 06/30/99 10:38 PM

            To:   Vince J Kaminski/HOU/ECT
            cc:
            Subject:  Luncheon Meeting

            Dear Mr. Kaminski:

            I am looking forward to our luncheon meeting on this Friday,
July 2,
    1999
        at
            11:30 AM. Please let me know where we should meet. Thank you for
taking
    time
        out
            from your busy schedule.

            Sincerely,

            Maruti More

            Tel.:  713-831-6209

 - att1.htm
 - Bio@home.doc
 - More @home.doc
 - Consultant.doc


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variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041212.txt


By copy of this e-mail, I have asked Linda Guinn(713-853-6104) to get you a copy of the McConville consulting agreement asap.

	showard@agsk.com 05/24/2001 07:33 PM 	   To: Richard.B.Sanders@enron.com  cc:   Subject: McConville Consulting Agreement

Gary Grote is okay on producing this agreement.  Can you send me a copy? Thanks

Steve
                                                                                ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
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Top Stories

CPUC delays vote on choice cutoff for power users

SAN FRANCISCO, Feb 21 (Reuters) - The California Public Utilities Commission on Thursday delayed until March 6 a vote on whether to amend the cutoff date after which the state's customers can no longer choose their own electricity supplier.

Energy Rate Case: Parties Agree Request Too High

Feb 21, 2002 - www.lvrj.com - Participants in Nevada Power's $922 million deferred energy rate case agree on one thing: The utility is asking for too much.

Carolinas' Leading Utilities Delay Launch of New Transmission Company

The State, Columbia, S.C., Feb. 21 - The Carolinas' three leading utilities are delaying the startup of a new transmission company, even though they recently built a $30 million headquarters in Fort Mill.

FERC OKs 650-MW TransEnergie cable linking NJ-NYC

NEW YORK, Feb 21 (Reuters) - The U.S. Federal Electric Regulatory Commission (FERC) approved TransEnergie U.S. Ltd.'s proposed Harbor Cable project linking New York City and New Jersey, the Canadian transmission company said.

Enron Debacle

Federal Prosecutors Consider Corporate Indictments for Enron, Andersen

Bby Mark Curriden, The Dallas Morning News, Feb. 21 - Federal prosecutors are weighing the possibility of indicting Enron Corp. and Arthur Andersen LLP as part of any criminal charges that result from the collapse of the energy company, lawyers involved in the case said Wednesday.

Enron Has Deal to Sell Wind-Turbine Unit to General Electric

By Eric Berger, Houston Chronicle, Feb. 21 - Enron agreed Wednesday to sell to General Electric Co. its California-based wind-turbine unit, one of its largest remaining assets that could be used to pay creditors.

401(k) Cases against Enron Are No Longer in Limbo as Judge Lifts Stay on Suits

By Rosanna Ruiz, Houston Chronicle, Feb. 21 - The judge overseeing Enron Corp.'s bankruptcy on Wednesday lifted the stay against lawsuits pending against the company.

Clinton Helped Finance Enron Projects Abroad, Maintained Close Ties to Lay

By Patrice Hill, The Washington Times, Feb. 21 - The Clinton administration provided more than $1 billion in subsidized loans to Enron Corp. projects overseas at a time when Enron was contributing millions of dollars to Democratic causes.

Enron haggles through Asian asset liquidation

By Cameron Dueck, SINGAPORE, Feb 21 (Reuters) - Enron's Dabhol Power Co project in India is not its only Asian asset going through a drawn-out sales process as the once mighty energy trader tries to strike deals with creditors and bidders across the region.

Judge orders examiner for Enron's biggest unit

NEW YORK, Feb 21 (Reuters) - A U.S. bankruptcy court judge in New York on Thursday ordered the appointment of a financial examiner to monitor cash flows at Enron Corp.'s biggest division, Enron North America, a move hailed by some creditors.

New Retention Bonuses at Enron Likely So Key Personnel Will Remain

By Bill Murphy, Houston Chronicle, Feb. 21 - Enron will likely pay more retention bonuses to key personnel, despite criticism of previous payments made shortly before the company declared bankruptcy in December.

Former Enron Chairman Lay Told Analysts of His Faith in Financial Officer

By Julie Mason, Houston Chronicle, Feb. 21 - Even after learning of problems with partnerships created by Andrew Fastow, former Enron Corp. Chairman Ken Lay sought to reassure skeptical analysts in a conference call last October that he remained fully confident in his company and chief financial officer.

Government Aid to Enron for India Project Could Haunt Taxpayers

By David Ivanovich, Houston Chronicle, Feb. 21 - Enron Corp. was never shy about tapping the resources of the federal government to finance projects around the globe.

Lawyer Named in Lawsuits Will Retire from Enron Post

By Mary Flood, Houston Chronicle, Feb. 21 - Enron Corp.'s top in-house lawyer, James V. Derrick Jr., will retire March 1, the company announced Wednesday.

Judge Tells Law Firm to Dissolve Order against Former Enron Chairman

Houston Chronicle, Feb. 21 - U.S. District Judge Melinda Harmon on Wednesday ordered a law firm to dissolve a temporary restraining order granted in a state court against former Enron Corp. Chairman Ken Lay and other former Enron executives.

Former Treasury Chief Rubin Was Offered Job on Enron's Board

By Julie Mason, Houston Chronicle, Feb. 21 - Former Enron Corp. Chairman Ken Lay in 1999 offered a seat on the company's board to then-Treasury Secretary Robert Rubin, who later tried intervening to forestall the company's collapse, according to documents released Wednesday.

Enron's Business in Caymans Raised Suspicions on Island

By Gregg Fields, The Miami Herald, Feb. 21 - This lovely island, where scoundrels from Blackbeard to cocaine cowboys have landed looking to launder lucre, was a second home to Enron.

Enron ventures got over $1 bln in U.S. aid-senator

WASHINGTON, Feb 20 (Reuters) - Foreign ventures involving Enron Corp. received over a billion dollars in U.S. government loans and other support since the mid-1980s, a senior Republican senator said on Wednesday.

Enron built fake nerve center for new operation

HOUSTON, Feb 20 (Reuters) - It wasn't only the accounting that was creative at Enron Corp.

Enron traders back in business with former rivals

By Stuart Penson, LONDON, Feb 21 (Reuters) - Enron's European energy traders, axed three months ago when their firm folded, are back in business in dealing rooms across London after clinching well-paid jobs with former rivals.

Technology Enron Saga Plays Like Nighttime Soap

By Bruce Nichols, The Dallas Morning News, Feb. 21 - A corporate titan brought down by greed, bad judgment or both.

Competition & Deregulation

Deadline near to nix utilities' marketing

Feb 20 - Boston Herald - Consumers that don't want to risk bothersome dinner-hour phone calls from electric company marketers flogging services have until Feb. 28 to tell their utility not to release private customer information, Attorney General Tom Reilly's office said yesterday.

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Mergers, Acquisitions & Divestitures

British Energy Supplier Centrica Is in Talks to Buy Enron Spinoff NewPower

By Laura Goldberg, Houston Chronicle, Feb. 21 - NewPower Holdings, created by Enron Corp. and spun off as a retail energy provider in deregulated markets, is in talks to be acquired by Centrica, a large competitor in the United Kingdom.

CLP finalises US$549m PowerGen deal

Feb 21 - South China Morning Post - After 14 months, CLP Holdings has finalised the US$549 million purchase of stakes in PowerGen of Britain's Asian assets.

Itron buys LineSoft in $42 million deal

Feb 21 - Spokesman Review - Itron Inc., one of the area's shining tech companies, has acquired one of Spokane's thriving startups, LineSoft Corp.

California Crisis

PG&E, California Regulators Gear Up for Battle on Utility's Future

By Jennifer Bjorhus, San Jose Mercury News, Calif., Feb. 21 - PG&E and state utility regulators are suiting up to battle for the future of Pacific Gas & Electric, presenting two different visions of what the historic power-provider should do to get itself out of bankruptcy court.

Calif. power bond vote delayed as amount increases

SAN FRANCISCO, Feb 21 (Reuters) - California regulators said on Thursday that a proposed bond issue designed to repay the state for money spent buying electricity during the state's energy crisis last year is set to be increased in size to $11.1 billion from $10.85 billion.

Rates

Florida Power Pledges Lower Rates, Better Service

By Steve Huettel, St. Petersburg Times, Fla., Feb. 21 - Florida Power president William Habermeyer pledged Wednesday to improve service and lower electric rates for the utility's 1.4-million customers.

Eugene, Ore., Utility Wrestles With Power-Rate Hike

By Scott Maben, The Register-Guard, Eugene, Ore., Feb. 20 - A proposed 6 percent power rate increase this spring for Eugene Water & Electric Board customers has been scaled back to less than 3 percent thanks to last week's announcement of a wholesale rate reduction by the Bonneville Power Administration.

Missouri Regulators to Consider Plan for Utility Rate Cut

By Steve Everly, The Kansas City Star, Mo., Feb. 20 - Missouri regulators are expected to decide today whether to support an agreement that would slightly decrease electric rates for Missouri Public Service customers.

Power prices may decline further

Feb 20 - Boston Herald - The cost of electricity should drop further for Massachusetts electric customers this summer, barring unforeseen catastrophes in world oil markets, a spokesman for Nstar Electric Co. said yesterday.

General

FirstEnergy Will Put Name on Reading, Pa., Baseball Stadium

By Tony Lucia, Reading Eagle, Pa., Feb. 20 - The name GPU is about to be switched off.

Trading/Marketing

E.ON, Gaselys start trading on French Powernext

PARIS, Feb 21 (Reuters) - Germany's E.ON and the Gaz de France and Societe Generale venture Gaselys have started to trade on Powernext, raising the number of active members to 12, the French electricity bourse said on Thursday.

Deals/Contracts

Quebec awards power for Alouette smelter expansion

MONTREAL, Feb 21 (Reuters) - Quebec said on Thursday that it had awarded a 500 megawatt block of specially priced electricity to the 243,000 tonne Alouette aluminum smelter consortium to assist a C$1.4 billion ($800 million) project to more than double its production capacity.

Power Projects

Energy Firms Delay, Cancel 16 Power-Plant Projects in Texas

By Charlene Oldham, The Dallas Morning News, Feb. 21 - A slow economy, mild weather and ripple effects from Enron Corp.'s sudden collapse have prompted energy companies to postpone or cancel 16 power plant projects in Texas and dozens of others nationwide.

Calpine Confident Despite South Carolina Regulator's Air-Quality Concerns

By Sula Pettibon, The Herald, Rock Hill, S.C., Feb. 20 - Calpine Corp. officials remain confident in their electric generator project proposed for Bradley Industrial Park despite a study by the Department of Health and Environmental Control that could affect getting its air permit.

Dominion exits Mich. 800-MW power plant project

NEW YORK, Feb 21 (Reuters) - Energy company Dominion said Thursday it is pulling out of a plan to co-develop an 800-megawatt (MW) natural gas-fired power plant in Michigan.

Renewables

Columbia, Mo., City Council Explores Buying Renewable Energy

By Justin Willett, Columbia Daily Tribune, Mo., Feb. 19 - Columbia Water and Light customers might soon be able to pay a premium to help add a chunk of renewable wind energy to the city's power grid.

Experts Promote Alternative Energy Sources in Colorado Springs, Colo., Area

By Steven Saint, The Gazette, Colorado Springs, Colo., Feb. 20 - Whether it's the cell phone, personal computer or solar panel, technologies that serve people outside the traditional communication and power grids are experiencing incredible growth.

Vancouver, Wash.-Area Siemens Plant Expands Production of Solar-Cell Parts

By Mike Rogoway, The Columbian, Vancouver, Wash., Feb. 20 - Rising demand for "green" energy has brought a sunny outlook to Siemens Solar Industries in Orchards.

Alliant extends Iowa deadline for renewable power

SAN FRANCISCO, Feb 20 (Reuters) - Alliant Energy Corp. said on Wednesday it will extend a deadline for companies interested in submitting proposals to add up to 150,000 megawatt hours of renewable power at its Iowa utility.

Cost Suppressing Oregon's Geothermal Power

Feb 20 - Columbian - A decade of discussions about tapping the potential of geothermal energy in Oregon has produced little of substance, but that may change if a new federal mandate is passed by Congress.

ESB gets go-ahead for Shannonbridge peat-fired electrical power plant

Feb 21 - Irish Times - The go-ahead has been given to the ESB by An Bord Pleanla for the construction of a peat-fired electrical power generation plant at Shannonbridge, Co Offaly.

Plants

Oil-Fired Power Plant Draws Support from Milford, Conn., City Officials

By Aaron Leo, Connecticut Post, Bridgeport, Feb. 19 - City officials are having a change of heart about whether an oil-fired plant here is actually a polluter.

$245 Million Upgrade Proposed For City's Grayson Power Plant

Feb 20 - Daily News - Los Angeles - With some of the city's generators more than three decades old, officials are considering investing up to $245 million in new equipment to ensure reliable electricity and compliance with air-quality standards.

Energy Efficiency/Conservation

Glendale, Calif.-Area Firms May Get Free Energy Services, Equipment

By Helen Gao, Daily News, Los Angeles, Feb. 21 - Under a conservation program slated to begin in March, about 400 local businesses would receive a free energy audit and up to $1,000 worth of conservation services and equipment.

Mainers favor conservation over drilling

Feb 21 - Bangor Daily News Bangor, ME - The people of Maine support increasing efforts to conserve energy before building new power plants or drilling for more oil, according to a poll released Wednesday by the Natural Resources Council of Maine, the state's largest environmental organization.

Fuel

Calvert City, Ky., Port Looks to Take Coal

By Bill Bartleman, The Paducah Sun, Ky., Feb. 20 - The Bailey Riverport could be expanded to handle millions of tons of coal for the Tennessee Valley Authority.

Environmental

Lieberman Chides Bush On Alaska Oil Drilling and Clean Air

Feb 21, 2002 - E&E Publishing - Connecticut Sen. Joseph Lieberman (D) announced yesterday that his Senate Governmental Affairs Committee will hold oversight hearings next month on the Bush administration's environmental policies.

Nuclear

Columbia, Mo.-Area Nuclear Plant Resumes Cranking Out Kilowatts

Columbia Daily Tribune, Mo., Feb. 19 - The Callaway Nuclear Plant returned to service Friday night after shutting down Jan. 31 so crews could investigate and repair a problem involving a degraded seal inside the plant's condensate storage tank.

Russian energy official protests plans for nuclear plant near Finland

Feb 21, 2002 - Associated Press - The head of a state energy company in northwest Russia is protesting a proposal to build a nuclear power plant in his region that borders Finland, the company said Thursday.

Potential Waste Shipments to Nevada's Yucca Mountain Worry Some Missourians

By Chris Birk, Columbia Daily Tribune, Mo., Feb. 19 - In a decision that some environmental watchdogs called inevitable, President George W. Bush yesterday approved Nevada's Yucca Mountain as a long-term repository for the nation's nuclear waste, leaving Missouri as a possible crossroads for thousands of shipments of radioactive material.

Financial

New Mexico Utility PNM to Separate Its Auditors and Consultants

By Rosalie Rayburn, Albuquerque Journal, N.M., Feb. 20 - PNM from now on will use separate companies for auditing and consulting, and put its audit contract out to bid, the company's board of directors decided Tuesday.

Centrica share placing set at 215 pence

LONDON, Feb 21 (Reuters) - British gas and home services company Centrica Plc said on Thursday its share placing to fund U.S. growth had been set at 215 pence a share, raising some 426 million pounds ($607 million).

Energis Shares Plunge 70 Percent

Feb 21 - Associated Press - Shares in Energis PLC, a former star among British telecommunications businesses, plunged by almost 70 percent Thursday after the struggling firm expressed concern that bankers might cancel a loan of more than $1 billion.

Financial - Results

PG&E delays earnings, cites accounting issues

SAN FRANCISCO, Feb 21 (Reuters) - PG&E Corp., parent of bankrupt utility Pacific Gas & Electric, on Thursday indefinitely delayed the release of its fourth-quarter earnings after it discovered accounting problems relating to leases signed on power plant projects.

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Carolinas' Leading Utilities Delay Launch of New Transmission Company
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Thousands of Houston Customers to Lose Electric Service from Reliant Energy

By David Kaplan, Houston Chronicle, Feb. 7

Fire sale: Power plants priced to move after Enron

By Carolyn Koo, NEW YORK, Feb 20 (Reuters)

Building Spree to Bring United States Sudden Burst of Power

By Ted Reed, The Charlotte Observer, N.C., Feb. 18

Xcel Energy Courts Three Partners for a Possible Merger

By Steve Raabe, The Denver Post, Feb. 7

Electric Utility in Pennsylvania to Do Away with Meter Reading

By Tim Mekeel, Lancaster New Era, Pa., Feb. 12

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Japan, US firms eye $1.2 bln in Philippine gas, oil
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Laclede Gas Files Suit against Missouri Public Service Commission's Rate Rule
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Pakistan promises to help with Iran-India gas pipeline
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			Contact: 303-782-5510 or service@energycentral.com


Never fear.  I've asked Janet to set up a meeting on Fri. and to make sure
the core group of you, Drew, Steve and I can attend.  If anyone else can
attend too, great.  If not, I'm sure we are going to have more than enough
input on Fri.

Jeffery Fawcett
06/28/2000 04:33 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Capacity Options on TW

You know how much I loathe these meetings with the Hee-Haw gang.  This
telecon/videocon will likely degrade into a raucous Omaha-led circle jerk
with everyone else, mostly the Houston group, trying to get a word in
edgewise.  Is there any way to make this more fruitful?

If we do this, and you want to include me, you'll have to put it together
before close of business Friday as I'm out all next week for surgery.

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 06/28/2000
04:26 PM ---------------------------

	From:  Drew Fossum                           06/28/2000 03:41 PM

To: Susan Scott/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com

Subject: Re: Capacity Options on TW

Given the overwhelming response so far, I think a meeting may be necessary to
get this project moving.  Thanks. DF

	From:  Susan Scott                           06/28/2000 11:41 AM

To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Drew Fossum@ENRON,
Mary Kay Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com
cc:

Subject: Capacity Options on TW

So far I have not received comments from anyone on the attached.
If you think it would be productive to get everyone together (possibly as
early as Friday?) for about an hour to discuss capacity options, I will set
up a meeting.   Please let me know one way or the other.
Thank you.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 06/28/2000
11:39 AM ---------------------------

	From:  Susan Scott                           06/21/2000 12:41 PM

To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Drew Fossum@ENRON,
Mary Kay Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com
cc:

Subject: Capacity Options on TW

Attached is a preliminary draft of a filing for capacity options on
Transwestern.  The attachments include a filing letter, proposed tariff
language and a proposed form agreement.

Obviously there are still quite a few details to be worked out.  I am
distributing a draft at this early stage in hopes of initiating a dialogue
about the larger issues first.  A few that come to mind are whether we want
to commit to selling options online, how best to explain or justify the
option fee, and what specifically in the industry has changed such that FERC
should depart from existing policy and allow TW to essentially reserve future
capacity for shippers.  Please let me know your thoughts on these and any
other issues.

I would prefer to wait to discuss comments on wording, other conforming
changes to the tariff, and other comments concerning form until after we have
resolved the substantive issues.  Thanks.


Tori:  We have contacted Senator Gramm and Majority Leader Armey about the
calls from Ken on Monday.  Because of the uncertainty of the Congressional
schedule, both offices told us to call on Monday morning to schedule the
call.  If Ken wants to make the calls unscheduled, we expect Armey and Gramm
to both be in DC by Monday morning.

The numbers are as follows:

Senator Gramm  (202) 224-2934
Majority Leader Armey (202) 225-4000

Here are the talking points

** CONFIDENTIAL **

Talking Points on Commodity Futures Modernization Act of 2000

Background:

We have hit an impasse on the CFTC Reauthorization legislation.  On legal
certainty, nearly all interested parties agree.  However, Senator Gramm
continues to raise objections unrelated to legal certainty for our business.
There are two issues (which we understand have primarily been advanced by
Senator Gramm, one on bank products and one on SEC jurisdiction). Majority
Leader Dick Armey is trying to gain consensus with the interested parties
which include Senator Gramm, the Chairmen of the House Agriculture, Commerce,
and Banking Committees, as well as the Department of Treasury, CFTC, and
SEC.  Meetings are occurring on a daily basis, but little concrete progress
has been made since draft legislation was released on October 9.

Talking Points:

We need your help to resolve outstanding differences so that the Commodities
Futures Modernization Act of 2000 can pass this year.  There are very few
legislative days left and movement now on this legislation is essential. Do
not let the Congressional calendar be the enemy of gaining legal certainty
for this dynamic and growing industry.

The current version of the legislation provides important legal certainty for
all physical commodity transactions (not including agricultural commodities)
entered into on a counterparty-to-counterparty basis or on an electronic
trading facility.  We strongly support these provisions.

The legislation eliminates concerns that our derivatives transactions may be
illegal or that our online platforms may be unregulated futures exchanges.
These provisions allow our businesses to grow and innovate.  Without this
legislation the industry will be crippled with legal uncertainty and these
platforms will develop overseas.

Virtually all of the issues in this very complex legislative package have
been resolved. We are indifferent to outstanding provisions, except to the
extent that they impede passage of the legislation.  We cannot allow the
great progress made to date, fail in the end.

If asked, about a possible solution to the logjam.  Answer:  Encourage
Majority Leader Armey, Senator Gramm, and Secretary Summers to meet
immediately to finalize the remaining issues.  Given time constraints, if
such a meeting does not occur in the next few days, there may not be enough
time to pass this important legislation.

Note: Congress will be going out on either October 20 or October 27.


Nick,

Vince asked me to coordinate the planning for you August visit to Enron.
Vince and I are free almost any date except August 14 and 15th,  but we would
like to try and schedule your visit at a time when you could meet with other
key EBS executives such as Kevin Hannon and perhaps Ken Rice and John
Echols.    If you could send me a few of your preferred choices of dates, I
will try to optimize getting you on the calendars of these individuals.

By the way, Giuseppe is doing a great job and has already made a very good
impression on everyone he has worked with.  It's been a real pleasure having
him here for the summer.

Regards,

Stinson


Team,

I reviewed the Socal PD . Here are a couple of rough thoughts for possible
TW comments in favor of the CSA and rejecting the PD's adoption of the IS.

1) The PD adoption of the IS modified windowing procedure falls
substantially short of the objectives outlined by the Commission order(s)
etc. The CSA's adoption of firm Socal receipt point rights is the only means
to give both Socal endusers and their suppliers the "certainty" they have
long sought. While, the IS as modified in the PD may appear to be an
improvement in the allocation of receipt points on the Socal system, it is
only an improvement upon a fundamentally flawed system. A system dependent
upon a "daily" determination of receipt point access volumes and completely
dependent upon upstream priority systems without consideration of Socal
customers needs. Indeed, this Commission is on record about adverse impacts
on California customers resulting from chaotic upstream transportation
rules.(need to be careful about wording)
The CSA gives incumbent Socal endusers preference to Socal's receipt points
under the open season rules, while the PD continues the status quo.   etc,
etc Ref. p.128 pt 10

2) If we lose the battle, lets try to reopen the deal sooner. p.132 pt.37
The PD calls for waiting a 2 year period before a Market Assessment would be
published. Based upon the MA the Commission could institute another OII. The
argument could be made that this waiting period is simply to long given the
speed at which the industry does move. Therefore, TW could recommend that
these Market Assessments be made annually or not at all if the CSA were
adopted etc.

These items maybe of no use , if the bigger picture and battle for the CSA
does not have Socal and other party support. Have a great day! Mark, IGS


Phillip Allen
Home 713-463-8626
Cell 713-410-4679

Remember to fax a copy of the term sheet to John Butler. (fax: 212-450-4800)


-----Original Message-----
From: 	Chen, Hai
Sent:	Monday, October 22, 2001 8:55 AM
To:	Black, Tamara Jae
Subject:	Options Market Update
Importance:	High

T.J.,

Please forward the attached Option Market Update to traders and mid-marketers.  Thanks!

Hai


Justin Rostant
EnronOnline LLC.
Phone: 713-853-6460
Mobile: 832-264-6333
Fax: 713-646-2126


Attached are my notes from the session with the Alliance for Energy suppliers
held today at Reliant's offices.  You'll see from the notes that this effort
isn't going anywhere fast.  Nonetheless, I thought you would be interested in
the market intelligence of how other pipelines, particularly Tennessee, are
dealing with the generators.


In order to better align our engineering and operations capabilities with the
commercial businesses they support, we are pleased to announce the following
organizational change will be effective immediately.  A new business unit,
Enron Engineering and Operational Services (EEOS), is being formed which will
include our existing operations in Enron Engineering and Construction Company
(EE&CC), Operational Energy Corporation (OEC), and National Energy Production
Corporation (NEPCO).

Brian Stanley, as President and Chief Executive Officer, and Keith Dodson, as
Chief Operating Officer will provide the leadership for this new
organization, reporting to the Office of the Chairman of Enron Wholesale
Services.  NEPCO will continue to operate as a stand-alone business under
John Gillis, President.

With the majority of EE&CC and OEC,s activities focused on assets and
projects which are in Wholesale Services, this will better align the efforts
of EEOS with the commercial businesses it supports.  While EEOS will be a
stand-alone unit within Enron Wholesale Services it will work very closely
with and have direct accountability to the business units it supports.

This realignment also centralizes our engineering and operations capabilities
in a single business segment and should ensure that innovation and best
practices are shared and implemented across our many operations and will also
allow for better identification of priorities and more effective allocation
of resources to these projects.  Consistent with this approach, Development
Engineering will have dual reporting to both EEOS and the business units
which they support.

With an extensive and varied portfolio of assets around the world and a wide
variety of new development opportunities available to Enron, it is critical
that we continue to maintain the best in class capability to design,
construct, commission, and effectively manage and operate Enron,s assets on a
global basis.

This new global business unit should insure that we will continue to enhance
these demonstrated capabilities and provide us with a sustainable advantage
as we advance our business strategy around the world.

Please join us in congratulating Brian and Keith on their new assignments.

Mark Frevert & Dave Delainey


Thanks this looks marvelous !!

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


Dear Colleague:

The Edison Electric Institute just published a report I wrote on Real-Time
Balancing Operations and Markets: Key to Competitive Wholesale Electricity
Markets. The report is available from the Publications page of my website,
www.EHirst.com. Here is a summary of the report:

Electricity production and consumption must occur at essentially the same
time. Therefore, real-time (minute-to-minute) operations and the associated
markets and prices are essential ingredients of a competitive wholesale
electricity industry. In addition, these intrahour markets are the foundation
of all forward markets and contracts, including hour- and day-ahead markets,
monthly futures, and bilateral contracts. Finally, these intrahour operations
maintain system reliability by ensuring that enough and the right kinds of
supply and demand resources are available when needed.

Because of various load, generation, and transmission factors, balancing
generation to load on a minute-to-minute basis is complicated. Loads are
volatile, both from hour to hour and from minute to minute during the morning
rampup and evening dropoff. Generators differ substantially in their costs of
electricity production. In addition, generators have various idiosyncratic
characteristics, such as maximum and minimum output levels and maximum
ramprates, that limit their ability to respond rapidly to changes in system
load or generation. Finally, transmission characteristics affect the
real-time balancing function because of congestion and sudden transmission
outages. These factors can lead to dramatic and rapid changes in electricity
prices, including occasional negative prices when generators pay someone to
take their output.

The early years of operations by independent system operators (ISOs), based
on the experiences in New England, New York, and California, show how
difficult it is to translate the theory and initial design of competitive
markets into ones that work efficiently. These ISOs have been plagued with
various startup problems that artificially raise electricity costs to
consumers, implicitly encourage strategic bidding by some generators, do not
sufficiently discipline generator market power, sometimes yield insufficient
resources, and impair reliability. Fortunately, the ISOs have been quick to
identify and remedy flaws in their initial market designs. On the other hand,
the ISOs have done a poor job of documenting these problems and their
resolutions.

This report is primarily a primer on how such intrahour operations and
markets should work. It demonstrates these principles through several
examples. These examples deal with generator ramprate limits, low-operating
limits, startup costs, and other generator characteristics. Other examples
show how energy-limited (e.g., hydro) units differ in their bidding and
operations from capacity-constrained (e.g., thermal) units, how the
consideration of multiple time intervals affects operations and pricing, how
generators located outside the control area are treated differently from
those within the control-area boundary, how interval pricing combined with
hourly settlements can encourage generators to ignore dispatch signals, and
how intermittent resources (such as wind) affect control-area operations.

Although U.S. wholesale competitive markets today suffer from a variety of
problems, there is reason to be optimistic. Ultimately, the ISOs (and, later
on, RTOs) will identify and fix the problems within their market structures,
and they will adequately document their problems and the associated
resolutions so that their market participants and the designers of other
systems can learn from past mistakes. Ultimately, efficient real-time markets
should allow reliability councils and system operators to largely replace
command-and-control rules with market signals (i.e., prices that vary rapidly
in response to changes in system security). These changes should lower the
costs of maintaining reliability; deploy supply and demand resources more
efficiently; and guide investments in new generation, transmission, and
demand-side resources.

Eric
----------------------------------------------
Eric Hirst
Consulting in Electric-Industry Restructuring
106 Capital Circle
Oak Ridge, TN 37830
865-482-5470 (phone & fax)??? Eric@EHirst.com
http://www.EHirst.com


Group,
Virginia is exactly correct on this point.  MAKE IT A HABIT!  The majority of
inadvertancy that we have contributed to (and there hasn't been that much)
has been a result of confusion on times and duration of trades.
Thanks,
Bill

---------------------- Forwarded by Bill Williams III/PDX/ECT on 04/09/2001
05:42 PM ---------------------------

Virginia Thompson
04/09/2001 05:32 PM
To: Portland Shift
cc:

Subject: Purchases and Sales

Dear Real Timers,

As I have been having to pull tapes lately, I cannot stress enough the
importance of stating the hour for which you are trading when you make
deals.  It is imperative that you state (as often as possible) the hours that
you are trading for, and it is extremely helpful when you re-cap the sale at
the end of your trade!! :) please...

There may be deals that we are going to loose the dispute for because neither
trader (on either side) stated clearly what hour we were trading for. I'm
relying on you guys to help me collect 100% on all our trades.

Please see or e-mail me with any questions.

Thanks.

Virginia


With Ken Lay's resignation, you undoubtedly have questions about Enron's management structure and what lies ahead for the company.  The purpose of this communication is to begin to answer those questions and lay out the direction we plan to follow as we regroup and rebuild.

First, the Creditors Committee has proposed that the Board of Directors retain an interim CEO to focus on the restructuring process.  This is a positive sign that the Committee believes Enron will provide greater value as a viable ongoing business.

The Enron Board of Directors has approved Stephen Cooper as interim CEO and chief restructuring officer.  Steve is the managing partner of Zolfo Cooper, a corporate recovery and crisis management firm with more than 30 years experience leading companies through operational and financial reorganizations.

Steve and his firm will work with members of Enron's current management to develop and implement a comprehensive plan to restructure the company and emerge from bankruptcy.

As you know, Enron has entered into an agreement with UBS Warburg for the sale of NetCo, Enron's wholesale gas and power trading organization.  In preparation for the transition of NetCo to UBS, Greg Whalley has resigned as president and COO of Enron to assume a position with UBS Warburg.  We want to thank Greg and the NetCo employees joining UBS for their contributions to Enron and wish them great success going forward.

In addition to engaging Steve, Enron has formed an Office of the Chief Executive.  I will join Steve in that office as president and chief operating officer, and Ray Bowen will join us as executive vice president and chief financial officer.

We will provide additional information regarding the roles and responsibilities of Enron's entire management team once those become more fully defined.

Thank you for continuing to support Enron by performing your job everyday.  The ongoing uncertainty about our future, coupled with the constant media scrutiny, makes this situation difficult for all of us. While no one can control the media, we can and will define our leadership and devise our strategy for moving ahead.  And in doing so, we will build a more certain future for our company and our employees.

Link to the press release: http://www.enron.com/corp/pressroom/releases/2002/ene/012902Release.html


As requested. Jay and I have discussed Hillier.
 -----Original Message-----
From: 	Jarrett,  Anthony
Sent:	Wednesday, February 06, 2002 11:39 AM
To:	Oxley, David; Fitzpatrick, Amy
Cc:	Cash, Michelle
Subject:	RE: Two things

David attached below is the information from Enron's Pension Manager System.  The Unvested Balance totals are from 12/31/2001.

Thanks, Tony

 -----Original Message-----
From: 	Oxley, David
Sent:	Tuesday, February 05, 2002 6:40 PM
To:	Jarrett,  Anthony; Fitzpatrick, Amy
Cc:	Cash, Michelle
Subject:	FW: Two things

Can you give me a list of names, dates and unvested cash balance plan amounts?

David
 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, February 05, 2002 5:55 PM
To:	Oxley, David; Whalley, Greg
Subject:	RE: Two things

Ok on Sachs

I think that's a real problem with their money - how much each and how are the people?  Essentially - how material?

 -----Original Message-----
From: 	Oxley, David
Sent:	Tuesday, February 05, 2002 4:06 PM
To:	Kitchen, Louise; Whalley, Greg
Subject:	Two things

Credit
Bill may want to do a contract for Sachs at around 20/20. He's thinking about it and will let me know. Apparently RWE are chasing him.

NETCo ee's with nearly 5 years service at Enron
We have about 10 people who had they stayed at Enron estate for another 30 - 60 days would have vested in the Enron pension plan (cash-balance plan). We have tried to find some way to make something work here, but as it stands it looks like the are going to have to transfer on 8th of Feb and forfeit whatever was in this plan (roughly 5% of base salary per year and it is a 5 year service vesting arrangement). You may hear some noise.

David


We need to take a look at AL1262-E to ensure that those who do not benefit
from the rate stabilization receive their fair share of the refunds.

Roger

"Daniel Douglass" <douglass@ArterHadden.com> on 10/09/2000 01:01:13 PM
To: <Jeff_Dasovich@enron.com>, <marcie.milner@enron.com>,
<mpetroch@enron.com>, <Roger_Yang@enron.com>, <susan_j_mara@enron.com>
cc:
Subject: SDG&E Advice Letters

Attached are summaries of three recent SDG&E advice letters.? Two  ought to
be looked at, but may not rise to the level of protests.
?
Dan
 - 10-9-00 SDG&E AL Summary Chart.doc


Had quite a time re-doing the PSCo charges due to several months being re-billed on their invoices.  Call if you want me to explain what we did.
-Craig W. Lipke
Citizens Energy Supply
Phone (928) 226-2243
Fax     (928) 226-2168
Cell     (520) 699-3683
 <<Enron0106.XLS>>
 - Enron0106.XLS


Dear Sally,

As requested I have addressed your questions as follows:

1. Put in actual date of reviews of each office - done
2. Indicate the difference between Phase I and Phase II of London are - done
3. Indicate that we are looking at non-wholly owned subsidiaries - done
(Marnier & EOTT)
4. AS a handout what are things that should have been cleared and weren't -
attached - also put in global issues
5. Change the timelines for current status & reviews not yet taking place
(Chicago, EOTT) - done
6. Send you the list of standards - attached on previous message
7. Determine what Now Sarzyna is - it is listed on the Enron Europe current
status schedule.  It is in Poland, and it is a JY poer station that should be
operational
May 00 (not sure if they met the date).  Due to start operations in Q2-3.
50% owned by Enron.
8. Send you the grid of Europe - sent in previous message.

As far as the global issues are concerned, my recommendations are:

1. Taping of phone lines - we should require for all trading offices
2. Use of mobile phones - we should ban the use of mobile phones to make
trades
3. Translation of settled contracts - I don't think its worth the cost.  It
can be done on an as needed basis if there are problems with the contracts
(although
 since they are already settled it would be unlikely).
4. Enpower - for offices without the critical mass of transactions, Enpower
is not necessary but some controlled environment is required.  If Enpower is
not used,
they must be reviewed more frequently.

On another topic, all of the associates Jana offered and that would fit in
the role we were discussing are gone (3 were gone by the time we finished our
meeting). She
has given me additional resumes - mostly analysts, who would fit the
position.  However, I was thinking of getting an analyst and then switching
the person out for
Jenifer Bagwell.  When I interviewed her she wasn't keen on travelling, but I
think its worth at least a discussion with her (since the position is a
better fit than her current).  Do you have any thoughts either way?

Let me know if there is anything else I can help with.  You can reach me at
212 715 5243.

Best regards,

Shona


The following bills are scheduled to be heard in committee next week.  In
addition, both SBX 27 (Bowen) regarding DA, and ABX 2 (Corbett) establishing
a windfall profits tax, remain eligible to be heard on their respective
floors.

July 9

SBX 39 (Speier) - CPUC regulation over generators - Assembly Energy

SBX 1 (Soto/Scott) - Windfall profits tax - Assembly Revenue and Taxation

July 10

ABX 28 (Migden) - EOB/ISO regulation over generators - Senate Energy

SBX 85 (Burton) - Prohibiting rate increases - Senate Energy

SBX 86 (Burton/Peace) - Revoking permits - Senate Energy

July 11

ABX 5 (Kelley/Reyes) - Adjusting baseline - Assembly Appropriations

ABX 65 (Cardoza) - Felony for withholding - Assembly Appropriations

AB 81 (Migden) - BOE taxation - Senate Revenue and Taxation


ISO Market Participants:

  Today, the ISO closed the market on the preliminary invoice
for November 2000.  Market Participants failed to submit payment for
$666,733,525.86 of the $684,192,841.46 due.   As a result, the ISO is
reducing its payments to creditors for this invoice pro rata by
approximately 98.2%.  We would like to inform you of the actions we are
taking in compliance with ISO Tariff Section 11 and Settlements and Billing
Protocol ("SABP") Section 6 as a result of this shortfall in receipts.  We
have included in the discussion below appropriate references to these rules.

  The defaulting parties, and the amounts owed compared with
amounts remitted to the ISO are listed below:

 Amount Owed  Amount Paid to ISO Default
Market Obligations:
California Power Exchange $665,901,646.69  $0.00
$665,901,646.69
Pacific Gas & Electric $456,055.69  $68,408.35  $387,647.34
Non Defaulting Parties: All Others $2,915,181.62  $2,915,181.65
($0.03)
Subtotal $669,272,884.00  $2,983,590.00  $666,289,294.00

Grid Management Charge Obligations ("GMC"):
California PX $11,930,107.98  $11,930,107.98  $0.00
Bonneville Power Administration $83.00  $0.00  $83.00
Koch Energy Trading $331.73  $0.00  $331.73
Salt River Project $326,655.17  $0.00  $326,655.17
Southern California Edison $117,161.93  $0.00  $117,161.93
Non Defaulting Parties: All Others $2,545,617.65  $2,545,617.65
$0.00
Subtotal $14,919,957.46  $14,475,725.63  $444,231.83

Total, Market and GMC $684,192,841.46  $17,459,315.63
$666,733,525.83

Reserve Account Balance  $9,573,886.12

As allowed in the ISO Tariff, these parties did not maintain Security
postings with the ISO, and accordingly the ISO cannot recover funds from
such instruments.

The California Power Exchange ("PX") has advised the ISO that due to
multiple defaults in the PX markets, the PX will be unable to remit funds to
the ISO until the PX calculations are completed to determine the funds
available for distribution to the ISO.  The PX has indicated that they will
keep the ISO apprised of their progress in these calculations and will remit
appropriate funds as soon as possible.  The ISO has no assurances as to the
amount of funds the PX will remit to the ISO after the completion of these
calculations.  The ISO has been advised by the PX that Pacific Gas &
Electric has paid the PX $45 million, San Diego Gas & Electric has paid to
the PX their bill of $11.3 million in full, while Southern California Edison
has not remitted any funds to the PX.

The ISO had available in its Reserve Account (see Section 11.14 of the
Tariff) a total of $9,573,886.12.  These funds were available to offset, to
a minor degree, the short payments noted above and have been used to do so.

As noted above, certain parties have defaulted on their Grid Management
Charge ("GMC") obligations to the ISO.  The ISO has a priority claim to the
collection of its GMC.  As a result of non-payment of the GMC by the parties
listed above, the ISO reduced the amounts payable to market participants by
a total of $444,231.83 to satisfy the ISO's GMC obligation.  This action was
consistent with Settlements and Billing Protocol section 6.3.1.3.
Additionally, for those parties who defaulted on their GMC obligation to the
ISO, but who were to receive funds from the market, the ISO has reduced
their payout to reflect their GMC default.

   SABP 6.3.1.3
   The ISO is authorized to instruct the ISO Bank to
debit the ISO Clearing Account and transfer to the relevant ISO account
sufficient funds to pay in full the Grid Management Charge falling due on
any Payment Day in priority to any other payments to be made on that or on
subsequent days out of the ISO Clearing Account.

  As a result of these factors, the ISO has reduced payouts to
ISO Creditors pro-rata by approximately 98.2%, according to section 11.16
(and SABP 6.7.4) of the tariff.   Payouts at this time are approximately
1.8% of amounts owed.

   11.16.1 Pro Rata Reduction of Payments.
   If it is not possible to clear the ISO Clearing
Account on a Payment Date because of an insufficiency of funds available in
the ISO Reserve Account or by enforcing any guarantee, letter of credit or
other credit support provided by a defaulting Scheduling Coordinator, the
ISO shall reduce payments to all ISO Creditors proportionately to the net
amounts payable to them on the relevant Payment Data to the extent necessary
to clear the ISO Clearing Account.  The ISO shall account for such reduction
in the ISO ledger accounts as amounts due and owing by the non-paying ISO
Debtor to each ISO Creditor whose payment was so reduced.

  The calculation is shown below:

Market Default   $666,289,294.00
Plus: GMC Deficiency recovered from Market    $444,231.83

Total Market Default   $666,733,525.83

Total Market Accounts Payable   $668,198,324.97

Funds Available (Market Amount Paid less GMC Deficiency recovered from
market)
     Amount Paid to ISO  $2,983,590.00
     Reserve Account  $9,573,886.12
     Less: GMC deficiency recovered from Market  ($444,231.83)

     Total Funds Available for payout  $12,113,244.29

Payout Ratio (Funds Available for payout / Market Accounts Payable )
1.81%

The ISO has today effected a wire transfer for a total of $12,113,244.29.
However, due to delays, the wire transfer will likely have a value date of
Monday, February 5.

In accordance with Section 11.12 (and SABP 6.10.5) of the tariff, the ISO
will assess the defaulting parties interest at the ISO Default Interest Rate
(currently 10.5%:  prime plus 2%) commencing today, and will continue
charging interest until the amounts are collected.

In accordance with Section 11.20.2, the ISO will provide to market
participants, upon request, supporting documentation relating to their
claims against defaulting parties.  The ISO is currently compiling this
documentation.

   11.20.2 Evidence of Unpaid Amount.
   The ISO shall, on request, certify in writing the
amounts owed by an ISO Debtor that remain unpaid and the ISO Creditors to
whom such amounts are owed and shall provide certified copies of the
relevant Preliminary and Final Settlement Statements, invoices, and other
documentation on which the ISO's certificate was based to the ISO Debtor and
the relevant ISO Creditors.  An ISO certificate given under this Section
11.20.2 may be used as prima facie evidence of the amount due by an ISO
Debtor to ISO Creditors in any legal proceeding.

  The ISO will report further details on this situation when
available.

  Phil Leiber
  ISO Treasurer and Director of Financial Planning
  (916) 351-2168


Start Date: 1/27/02; HourAhead hour: 6;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012706.txt


Start Date: 4/10/01; HourAhead hour: 23;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041023.txt

---- SC Trades Schedule ----
+++ Hour 23 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Today was a very difficult day for us as market uncertainty continued.  Recent news reports, including The Wall Street Journal article today, have speculated about possible mergers, takeovers and equity investors as options that Enron is considering.  The reason you have not seen us responding to these reports is that it is our corporate policy not to comment on market speculation.  However, I will tell you that we are evaluating all options to protect the financial stability of this company.  I will keep you updated on developments as they occur.


We do not have a copy of the executed agreement for our files.  Can you have
one of your assistant's copy it for me as well as any relevant guarantees,
credit support documents, etc.

Much thanks...


Attached is a summary of the PJM RTO order.  While it is somewhat lengthy, the order has a lot of good information in it that I wanted to share with the group, particularly the Commission's statements regarding the existing configuration of the northeast and the need to expand it.

We are working on summaries of the New York and New England RTO orders and will have those out shortly.  If you would like copies of the orders, just let us know.

We expect the mediation proceeding to begin within the next week.  We will keep you updated.

Sarah


NETWORK WORLD FUSION FOCUS: NEAL WEINBERG on PRODUCT REVIEW OF THE WEEK
Today's Focus: Videoconferencing picture clears up
03/14/00

Dear Wincenty Kaminski,

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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Copy and paste URLs that break in two lines and remove extra spaces.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Today's Focus: Videoconferencing picture clears up
---------------------------------------------------------------
By Neal Weinberg

If you,ve been turned off by the jumpy frames and poor audio quality
associated with real-time videoconferencing, the Reviewmeister has good
news for you.  There,s a new generation of videoconferencing end-point
devices that provide business-quality pictures and sound for under
$12,000.

We grabbed a box of popcorn and tested eight videoconferencing systems,
using 384K bit/sec ISDN and IP connections.

In the category of videoconferencing appliances  that is, standalone
systems that go in a conference room for group video sessions with
colleagues or business partners  Polycom,s ViewStation MP was the
clear winner.

The Polycom ViewStation provided outstanding video and audio quality.
In addition, it was easy to install, configure and use.

In the category of PC-based products, which are especially good for
virtual collaboration from your desktop, VCON,s MC800 was the hands-
down winner, based on its high-quality components.

The beauty of these products is they allow you to have a real-time
video image of the person you,re conferencing with in one corner of
the screen, with the rest of the space available for data collaboration.

If you,re in the market for a system, be sure to get one with a Sony
EVI D30/31 video camera; an unidirectional boundary microphone, like
the Audio Technica; and a quality sound mixer. And look for remote
administration and system management tools. For example, the
ViewStation allows you to upgrade software, change settings, or change
address book entries directly from the administrator,s system.

Most systems will allow you to transmit over ISDN or IP, but we found
performance over IP was dragged down by IP,s overhead requirements. For
the complete product review, go to:
http://www.nwfusion.com/reviews/2000/0313rev.html

Of course, there,s more to videoconferencing than end points, so we
whipped up an implementation guide that lays out the network topology,
bandwidth and quality-of-service issues.
http://www.nwfusion.com/reviews/2000/0313rev2.html

Based on our testing, the Reviewmeister says now is the time to start
pilot-testing a videoconferencing system. Your chief information
officer will love it when you tell him you can slash your company,s
airline and hotel bills because you,ve got people from all over the
company in virtual rather than face-to-face meetings.

Next week: We loaded Windows 2000 on a PC and a server and ran Gigabit
Ethernet to the desktop. Guess where the bottleneck was?

To contact Neal Weinberg:
----------------------
Neal Weinberg is features editor at Network World, in charge of product
reviews, Buyer's Guides, technology primers, how-tos, issue-oriented
feature stories and the Technology Insider series. You can reach him at
mailto:nweinber@nww.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Videoconferencing picture clears up, Network World, 03/13/00
http://www.nwfusion.com/reviews/2000/0313rev.html

But implementation is still fuzzy, Network World, 03/13/00
http://www.nwfusion.com/reviews/2000/0313rev2.html

How we did it, Network World, 03/13/00
http://www.nwfusion.com/reviews/2000/0313how.html

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