---------------------- Forwarded by Pushkar Shahi/HOU/ECT on 05/23/2000 04:52
PM ---------------------------

Clint Freeland@ENRON
05/23/2000 08:56 AM
To: Pushkar Shahi/HOU/ECT@ECT
cc:
Subject: Pre-Hedge of STG PATS

FYI - please review before our meeting around 11;30.

---------------------- Forwarded by Clint Freeland/Corp/Enron on 05/23/2000
08:51 AM ---------------------------

Michael.Davidson@ubsw.com on 05/19/2000 04:45:40 PM
To: clint.freeland@enron.com
cc: Timothy.Steele@ubsw.com, Scott.Giese@ubsw.com, Michael.Davidson@ubsw.com

Subject: Pre-Hedge of STG PATS

     Clint -

     As per your conversation with Tim, attached is a draft confirmation
     for a "pre-hedge" of the STG PATS option.  Below is an example that
     describes the mechanics of this proposal using hypothetical dates
     and rates:

     1. On May 19, 2000 Enron will sell to UBS a 3yr call option on the
     UKT 6.00% due 12/28.  The call option will have an expiry date and
     cash settlement date of May 19, 2003 and the strike will equal
     4.90%.  The upfront premium owed by UBS to Enron is STG 14,000,000.
      The upfront premium will be paid on July 19, 2000 (2 months from
     trade date).  Enron will have the right to change the cash-settle
     date to any Business Day between May 19 and July 19, 2003.

     2. We assume that on June 19, 2000 the STG PATS bond is priced and
     we look to unwind the existing option with Enron and enter into the
     real STG PATS option with the trust.  The new STG PATS option will
     have an expiry date and cash settlement date of June 19, 2003 and a
     strike of 4.90%.  The upfront premium payable by UBS to the Trust
     is STG 10,000,000.

     3. Enron will exercise a clause in the original trade that allows
     the Company to change the cash settlement date of the option to
     June 19, 2003 such that it matches the date on the STG PATS option.
     Now the two options will have an identical STG 10,000,000 value.

     4. Enron and UBS will unwind the existing option for STG
     10,000,000.  That amount will be netted against the STG 14,000,000
     UBS owes as upfront premium, resulting in a net payment by UBS to
     Enron of STG 4,000,000.

     5. Enron will receive the STG 4,000,000 from UBS for the unwind of
     the original option and STG 10,000,000 from the Trust (by way of
     UBS) from the sale of the STG PATS note for a total amount of STG
     14,000,000.

 - draftc~1.doc

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should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
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E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
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construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


Someone mentioned this guy was really good - is he available? Is he good?

B.


Tana:

The following CPs are not approved to trade US power -- restricted by credit:

Calpine Energy Services, L.P.
Duke Energy Marketing Limited Partnership
Dynegy Canada Inc.
Louis Dreyfus Plastic Corp
Noble Americas Corp.
Black Stone Minerals Company, L.P.
Hercules Transport, Inc.
Level Propane Gases, Inc.

****************
FirstEnergy Services Corp. is the successor by merger to FirstEnergy Trading
Services Inc. and is authorized to trade US power pursuant to the existing
FirstEnergy Trading Services Inc. agreement.

Tennessee Valley Authority is authorized to trade US power pursuant to the
on-line GTCs -- I have already sent an override letter to Lisa Lees group.

Leslie


568843 - added fee of .0275, but Sean Crandall believes price should stay at
300.00

569178 - changed broker from APB to Prebon

569021 - changed broker from APB to Bloomberg

569270 - changed broker from APB to Amerex

Stephanie Piwetz   04/03/2001 02:05 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Checkout 4/3/01

Kate, please check
APB showed
Diana Scholtes
568843.01   price 302.00  (and doesn't fee have .0275)

Apb did not show  Richter deal 569178.01

and Tom Alonso deal 569021.01 (apb only shows one trade 568998.01)
569021.01 >bloomberg, we received a broker confirm.

Sean Crandall 569270.01  apb no show

Thanks


Maria:
Your opinion looks fine.  Is ours okay?
carol


Richard,

Since the only approvals we need on the "regulatory side" are from FIPB and
RBI and relate to the Dabhol transaction, I suggest the Ananda Mukerji be the
point person for these.

To: David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diomedes
Christodoulou/SA/Enron@Enron, James L
Noles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: J Mark Metts/NA/Enron@Enron@ECT, Mitchell Taylor/Corp/Enron@ENRON, Steven
J Kean/HOU/EES@EES, Joseph W Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill
Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl Lipshutz/HOU/ECT@ECT,
Mark Schroeder/LON/ECT@ECT

Subject: Project Summer/Desert Lightning:Regulatory Transfer Issues

As the individual responsible within Enron Corp. for coordinating the
analysis of regulatory transfer restriction issues in the above-referenced
project, I wanted to give each of you a brief update, but more importantly,
ask for your help in ensuring, as we move closer to the signing date, that we
are fully coordinated on these issues and are prepared to act in a consistent
and coordinated fashion across the regions as quickly as possible.

Over the last several weeks, the regional general counsel offices, V&E (Bill
Weiland), Skadden and myself have been talking to local counsel across the
regions to make sure that we fully understand all of the regulatory transfer
issues and that we also fully understand the implications of the regulatory
transfer restrictions in the context of the "ABC" deal structure.  We have
now largely completed that process and the conclusions reached during that
process have been memorialized in various documents, including the "ABC
Matrix" that many, if not all of you, have seen.  All that is remaining is
confirmation on a South Korean competition agency issue and the completion of
the analysis relative to the Wind assets in Europe regarding EU competition
agency issues. Those two items should be completed by early next week.  We
have also recently begun the process of preparing documents that will be
necessary for the approval of the transfer of Elektro in Brazil...which
brings me to the second issue, coordination and preparation.

Having reached a critical juncture with the completition of virtually all of
the regulatory analysis, the next step is to plan for the announcement of the
transaction...more specifically, ensuring that regulatory/governmental
communication assignments for both pre and post announcement are fully agreed
upon and understood by all... and that the process of drafting the necessary
requests for regulatory approval documents is agreed upon and begun as soon
as possible.  To ensure that this all happens in a timely manner and with
quality, I would like to request that one individual from each operating
region and company be assigned as the point person so that I can have a
single individual within each operating unit to go to that has the authority
to put together the comprehensive regulatory transfer plan and the
responsibility for assuring the execution of the plan, both during the
periods of time leading up to signing and announcement and during the
transition period leading up to closing.  I would respectfully ask that the
names of these individuals be communicated to me by close of business
Wednesday, August 16, 2000 to provide us sufficient time to address the work
that lies before us.  I have taken the liberty of listing my suggestions for
the responsible individuals (where I have suggestions) for the respective
operating regions/companies, but these are only suggestions and I will defer
to your choices.  Thank you for your assistance and if you have any
questions, feel free to contact me at extension 33407 in Houston or by pager
at 888-740-9949.

Enron South America   Jose Bestard
Enron Wind    Eric B. Newell
India     Jane Wilson
Apachi     Mike Dahlke
CALME     ?


per our discussion.  Want to schedule a tour and want to make sure that
Marchris is avail (let Rick and Montovano know)
----- Forwarded by Steven J Kean/NA/Enron on 11/13/2000 09:26 AM -----

	Naomi Olson <NOlso@annislaw.com>
	11/09/2000 04:58 PM

		 To: "'skean@enron.com'" <skean@enron.com>
		 cc: "'mmcvicke@enron.com'" <mmcvicke@enron.com>, Stephen Mitchell
<SMITC@annislaw.com>
		 Subject: Meeting on November 10, 2000

Mr. Mitchell will not be able to attend the meetings in Texas on November
10, 2000 that were scheduled earlier this week.  He is assisting the
National Republican Party in resolving the issues that have arisen in
several counties here in Florida and has been asked to attend to those
matters again on Friday, November 10, so that the election process can be
completed.  Mr. Mitchell's assistant (Naomi) will call you on Monday,
November 13th, to reschedule this meeting.  Thank you for your attention to
this matter and we apologize for any inconvenience this may cause.
Naomi Olson, assistant to Stephen J. Mitchell
This email is for the sole use of the intended recipient(s) and may contain
confidential and privileged information.  Any unauthorized review, use,
disclosure or distribution of this email or its contents is strictly
prohibited.  If you are not intended recipient, please contact the sender by
reply email and destroy the original and all copies of the original message.
Annis, Mitchell, Cockey, Edwards & Roehn, P.A.
201 North Franklin Street, Suite 2200
Tampa, Florida  33602
(813) 229-3321


Steve,  I will be there.

	Steve Van Hooser
	04/24/2001 12:56 PM

		 To: Peggy Banczak, Eric Gillaspie/HOU/ECT@ECT, Sandi Braband, Stacy E
Dickson/HOU/ECT@ECT, Shawna Flynn, Dan Hyvl, Kay Mann/Corp/Enron@Enron,
Gerald Nemec, Carlos Sole/NA/Enron@Enron, Ann Elizabeth White, Kimberlee A
Bennick/HOU/ECT@ECT, Mary Ogden, Debra Perlingiere/HOU/ECT@ECT, Robert
Walker/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Theresa Zucha/NA/Enron@Enron,
Taffy Milligan/HOU/ECT@ECT, Keegan Farrell/NA/Enron@Enron, Vanessa
Griffin/ENRON@enronXgate, Suzanne Adams/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT
		 cc: Barbara Gray, Jeffrey T Hodge/HOU/ECT@ECT, steve.van.hooser@enron.com
		 Subject: Peggy & Eric's Going Away Party  THIS FRIDAY NIGHT!!!!!

Please Read and Act on Very Important Attached Memo!!!!

Steve Van Hooser
Enron North America Corp.
1400 Smith
EB3877
Houston, Texas  77002
713-853-7238


Oct. 25
From 6:00 - 6:30 p.m., ENS will be opening a DMZ firewall port to allow users on HOTTAPTS11 to run the NBPL Oracle application on nb2175.nbp.enron.com.
Oct. 26
From 7:00 - 9:00 p.m., Server HR-DB-4 will be shutdown to replace disks. Affected apps will be all HRGlobal applications including but not limited to Global Launch Zone, HRGIS, GCS, eHRonline, etc.
Oct. 27
From 3:00 - 9:00 p.m., Trizechan Properties has scheduled a shutdown of all electrical service at 3 Allen Center.  Enron Network Services will power down the 3AC network infrastructure between 3:30-4:00.  There will be no network access during the electrical maintenance and the outage will continue until ENS is able to power up all of the networking devices.  If you need access to 3AC anytime Saturday, you will need to contact Trizechan Properties beforehand with your security information.  Anyone who attempts to enter the building on Saturday that is not on the list will be denied access. 3AC Telco and Voicemail services will be unavailable during the outage period.
Oct. 27
From 10:30 p.m. - 11:00 p.m., Fiber maintenance will be performed in the 41st floor wiring closet. This fiber connects the 41st floor wiring closet to the 41st floor server room.  Connectivity between servers in the 41st floor server room and the Enron network will be disrupted. The cabling engineer believes the change should take less than 30 minutes.  If he runs into a problem, the outage could possibly be two hours.
Oct 28
From 1:45 a.m. - 2:15 a.m., sysAdmiral master system will be shut down during the time change from Daylight Savings Time to Standard Time. This is being done as a precautionary measure due to a potential sysAdmiral bug.
ETS Solution Center - Houston, at 713-345-4745
ETS Solution Center - Omaha, at 402-398-7454


Karen,

I have forwarded all the resumes to Charlene Jackson about 10 days ago.
I am resending 4 resumes (in the case of Paolo it's a copy of his E-mail
message)
I have in electronic format. The resume for Gappy will be faxed to you.

Thanks for your help.

Vince


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    click here

NFL Reports, Player Updates

Latest NFL Player News

Correll Buckhalter, RB PHI - Free Agent Updated 11/17/01
Buckhalter has been suspended for this weekend's game against Dallas. He is one of three Eagles who will be held out of the game. Brian Mitchell will likely serve as Duce Staley's backup.

Jamal Lewis, RB BAL - Free Agent Updated 11/17/01
According to published reports, Lewis has been suspended for four games. Lewis' four-game suspension went into effect on Friday and he will not be allowed to work out or rehabilita!
te!
 with the team for four weeks, or until Dec. 17. Instead, Lewis will work toward recovering from a torn ACL in Tennessee.

Tyrone Wheatley, RB OAK - Giggles Updated 11/16/01
Wheatley (knee) is out for Sunday's game with the Chargers. Charlie Garner will once again be Oakland's feature back. Zack Crockett may be used in goal-line situations.

Frank Wycheck, TE TEN - Matty Updated 11/16/01
According to published reports, Wycheck is expected to play half of Sunday's game against Cincinnati. That makes him a risky start from a Fantasy perspecti!
ve!
.

Steve McNair, QB TEN - Free Agent Updated 11/16/01
McNair's status is still in question for Sunday's game against Cincinnati due to an injured right thumb. He threw the ball during individual drills Friday, and according to published reports, is likely to play despite not being 100 percent. We don't recommend McNair this week as a result.

Emmitt Smith, RB DAL - Bass/Hull Updated 11/16/01
Smith will return to the lineup Sunday against Philadelphia after missing two games with a sprained right knee. Cowboys Head Coach Dave Campo said after Friday's practice !
th!
at Smith would "be ready to play the majority of the game." His return bumps Troy Hambrick to fullback, but we wouldn't recommend you use either back against the stingy Eagles rush defense.

Frank Sanders, WR ARI - Free Agent Updated 11/16/01
Sanders (hamstring) was added to the NFL injury report on Friday and is now listed as questionable for Sunday's game against Detroit.  However, if you're completely desperate for a wideout in a larger league this week, Sanders' matchup against a vulnerable Detroit secondary is worth considering as long as he's able to play.

Chris Weinke, QB CAR - Tori
Updated 11/16/01
According to published reports, Weinke will be the starting quarterback for Sunday's game against San Francisco. However, he's not worth starting on your Fantasy team.

Daunte Culpepper, QB MIN - Giggles Updated 11/16/01
Culpepper is one pace for a good Fantasy season despite the lack of consistency in Minnesota's offense this season. He's one of the better quarterbacks in the league from a Fantasy perspective, and should be in your starting lineup on a weekly basis.

Cris Carter, WR MIN - Tori Updated 11/16/01
<!
FONT FACE="Arial, Helvetica">Carter's numbers may be down somewhat this season, but he's still too good to ever consider benching. The veteran has a knack for finding the end zone, and should have a good game against rookie CB Will Allen and the Giants' secondary on Monday night.

Randy Moss, WR MIN - Russell Updated 11/16/01
Moss is listed as probable for Monday's game against the N.Y. Giants due to an ankle injury. He's been underachieving this season, but it's almost impossible to bench him based on his potential to post solid Fantasy numbers.

Ricky Williams, RB NO - Bass/Hull
Updated 11/16/01
Williams is one of the better Fantasy backs in the league, and is a good player to use on a weekly basis. He'll face an Indianapolis defense that has been underachieving all season long, so Williams is a must-start.

Aaron Brooks, QB NO - Matty Updated 11/16/01
Brooks had a big game against San Francisco last weekend, throwing for 347 yards and two scores. He may be a bit inconsistent this season, but his potential to post huge numbers makes it tough to bench him, especially against a vulnerable Indianapolis defense.

Willie Jackson</!
A>!
, WR NO - Martin Updated 11/16/01
Jackson put up a huge game against San Francisco last weekend, posting 11 catches and 167 yards receiving. He'll face a questionable Indianapolis squad that is vulnerable to the pass in Week 10, so starting Jackson this week is a solid option.

Stephen Davis, RB WAS - Bass/Hull Updated 11/16/01
Davis has stepped up his play after beginning the season slowly. He's averaged 112 yards rushing over his last four games, and is once again emerging as a reliable Fantasy player. Give him the start in Week 10 against a Denver defense that is vulnerable to high scoring games.

Tony Banks, QB WAS - Free Agent Updated 11/16/01
Banks has played well of late, throwing five touchdowns in his last three games. He's got a good matchup this weekend against a Denver team that can be beaten through the air, but he's only worth considering in very deep Fantasy leagues.

Michael Westbrook, WR WAS - Free Agent Updated 11/16/01
Westbrook has been inconsistent this season, but he has caught three touchdown passes in his last four games. He'll face a Denver secondary this weekend that is vulnerable at best, so starting him in deeper leagues is wort!
h !
considering.

Rod Gardner, WR WAS - Free Agent Updated 11/16/01
Gardner has been held in check in his last two games, catching only three passes for 38 yards. He does have a favorable matchup this weekend against Denver, however, so starting him is a good move.

Az-Zahir Hakim, WR STL - Neal/McKay Updated 11/16/01
Hakim has been inconsistent in recent weeks, so starting him on your Fantasy team is a gamble unless the matchup is right. He'll go up against a tough New England secondary in Week Ten, so avoid using him outside of deeper lea!
gu!
es.

Torry Holt, WR STL - Tori Updated 11/16/01
Holt continues to put up consistent yardage totals, but he's only scored only three touchdowns this season. He'll face a tough New England secondary this weekend, but he's still worth starting on your Fantasy team based on his potential to put up solid numbers.

Isaac Bruce, WR STL - Frank Updated 11/16/01
Bruce hasn't put up the huge Fantasy totals this season, but he's still one of the better wideouts in the league. He'll face CB Ty Law and the formidable New England secondary, but he's still worth startin!
g !
based on his potential for big numbers.

Marshall Faulk, RB STL - Matty Updated 11/16/01
Faulk had a huge game against Carolina, proving that he is still the best Fantasy player in the league. He's a must-start every week, and should post solid numbers in Week 10 against New England.

Ernie Conwell, TE STL - Free Agent Updated 11/16/01

Conwell has had a few down weeks, so starting him on your Fantasy team is somewhat of a gamble. With the lack of depth at tight end around the league, however, starting Conwell is something many Fantasy owners will have no choice but to do.

Richard Huntley, RB CAR - Russell Updated 11/16/01
Huntley will be the likely starter this weekend against San Francisco, but don't be surprised if he splits carries with Nick Goings. Avoid starting either back in Week 10 if at all possible.

Donald Hayes, WR CAR - Martin Updated 11/16/01
Hayes had on!
ly!
 two catches for 11 yards last weekend against St. Louis. He's been unreliable for Fantasy owners this season, so starting him is a real gamble.

Wesley Walls, TE CAR - Free Agent Updated 11/16/01
Walls has been held in check over the last three weeks, but he's still one of the better tight ends in the league. He's had some success against San Francisco in the past, so starting him is advisable.

Muhsin Muhammad, WR CAR - Martin Updated 11/16/01

Muhammad finally had a somewhat productive game, catching six passes for 75 yards against St. Louis. He's had some success in the past against this week's opponent, San Francisco, so starting him is a decent move.

Brett Favre, QB GB - Frank Updated 11/16/01
Favre has been one of the best Fantasy quarterbacks in the league this season. He'll face an Atlanta team on Sunday with a very vulnerable secondary, so be sure to start Favre this week.

Bubba Franks, TE GB - Free Agent Updated 11/16/01
Franks may not put up huge yardage numbers, bu!
t !
his seven touchdowns in eight games makes him a valuable Fantasy player. Unless you have a better option on your roster, Franks is the type of tight end that should start on a weekly basis.

Bill Schroeder, WR GB - Frank Updated 11/16/01
Schroeder (ankle) is not listed on the NFL injury report, and is expected to start on Sunday against Atlanta. He's a solid play this week against Atlanta, whose secondary is vulnerable to strong passing teams like Green Bay.

More Updates

Schedule, Breakdown

Martin

Player	Pos	Points

Brady, Tom	QB	7.0

Dunn, Warrick	RB	17.0

Thomas, Anthony	RB	8.0

Brown, Tim	WR	14.0

Muhammad, Muhsin	WR	7.0

Owens, Terrell	WR	23.0

Elam, Jason	K	14.0

Dolphins	DT	11.0

TOTAL	 	101.0

Gannon, Rich	QB	22.0

Jackson, Willie	WR	18.0

Hayes, Donald	WR	1.0

Henry, Travis	RB	5.0

Jenkins, MarTay	WR	2.0

Moore, Rob	WR	0.0

		at Bass/Hull

Player	Pos	Points

Green, Trent	QB	5.0

Jones, Thomas	RB	1.0

Williams, Ricky	RB	17.0

Boston, David	WR	19.0

Brown, Troy	WR	3.0

Moulds, Eric	WR	2.0

Carney, John	K	15.0

Buccaneers	DT	19.0

TOTAL	 	81.0

Hasselbeck, Matt	QB	16.0

Wilkins, Jeff	K	12.0

Davis, Stephen	RB	0.0

Dyson, Kevin	WR	12.0

Ismail, Qadry	WR	18.0

Smith, Emmitt	RB	0.0

Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc.
Your site can be reached from http://fantasy.sportsline.com

FB10SP


Average volume is 35,000-40,000 on nymex of which about half is spreads.  So
around 20,000 outrights trade.  We trade more than that on EOL.  Today's
conditions 1000 lot market would be 3-4 cents wide.  have executed trades as
large as 10,000 across a longer term and 1000 lot clips in the front
frequently.

Caroline Abramo@ENRON
04/12/2001 06:48 AM
To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron
cc:
Subject: SUNRISE CAPITAL

John/ Mike- could you give me a sense of the below on nat gas..

thanks,
ca
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 04/12/2001
07:46 AM ---------------------------

Caroline Abramo
04/11/2001 12:22 PM
To: Russell Dyk/Corp/Enron@ENRON, Robyn Zivic/NA/Enron@Enron, Mog
Heu/NA/Enron@Enron, Stephen Plauche/Corp/Enron
cc: Per Sekse/NY/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT

Subject: SUNRISE CAPITAL

This is a program trader in San Diego with about 1 Billion in Capital.  They
concentrate on front month trading- both swaps and options.  they are looking
for liquidity and want to know:

1. size of the financial markets- what is the daily trading volume like?
2. bid/offer on size.. like 10,000 to start and then 5,000..1,000 - only for
the front month on swaps and options?
3. what kind of size we have seen go through directly from anyone?

They want to know this for nat gas: I can talk to John and Mike on this
Rus- can you please get this on WTI, heat, and unleaded.

I want to try to get this to them today... we'll be getting a lot of these
inquiries.

Also, they trade through Carr futures, Merrill, Morgan Stanley, and
JPM/Chase.. What they want to do is trade with us and then we'll give-up the
trades to the above counterparties.. in effect, we will not have any credit
exposure..I can explain this in our meeting.

Thanks,
CA


----- Original Message -----
From: "Reservations" <reservations@CoronadoClub.com>
Sent: Thursday, September 27, 2001 4:45 PM
Subject: Coronado Club Fall Calendar of Events

> Place these dates on your calendar now so you won't miss out on some
> wonderful opportunities.
>

 - Fall Club Calendar.doc


INDIA: Enron chief says many want Dabhol row to end.
Reuters English News Service, 07/10/01

Transmission Line Delays Hit Scottish Generators
Dow Jones Energy Service, 07/10/01

Enron and Anschutz Invest in Tropic Networks; Leading Communications Provider
and Investment Company Subscribe to Tropic Networks' Optical Packet
Networking Vision
Business Wire, 07/10/01

Nigerian gas company signs accord to supply US power firm
Agence France-Presse, 07/10/01

Enron pushes for resolution of Dabhol power project deadlock
Agence France-Presse, 07/10/01

Judge tells deal critics to continue utility talks
The Star-Ledger Newark, NJ, 07/10/01

Tacoma Power wants millions Customer refund: Utility estimates it overpaid
electricity generators about $72 million
The News Tribune Tacoma, WA, 07/10/01

INDIA: Enron chief says many want Dabhol row to end.

07/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, July 10 (Reuters) - Enron Corp chairman Kenneth Lay said on
Tuesday that governments of several countries and some of the world's biggest
banks wanted an early end to the row over its troubled Indian unit.
"I think it's in everybody's best interest - the government of India, the
government of the U.S., the investors, the government of Japan - we have many
government financial entities involved in this project," he told reporters.
"So you've a lot of interests here who would like to see this resolved and
resolved very quickly," Lay said after a meeting with Finance Minister
Yashwant Sinha.
Lay said Monday's meeting with the finance minister did not yield any
solution for the U.S. energy firm's $2.9-billion Dabhol power plant, which is
locked in a bitter payments battle with Maharashtra State Electricity Board
(MSEB), a state utility.
"Obviously we didn't come to any conclusion today. We didn't expect to come
to any conclusion today. It will take some more work...but certainly we're
very hopeful," he said.
Lay met federal Power Minister Suresh Prabhu for nearly two hours on Monday
and was to meet the chief minister of the western state of Maharashtra, where
Dabhol is located, later on Tuesday.
In May, Enron issued a preliminary termination notice after MSEB defaulted on
payments, and the utility, Dabhol's sole buyer, stopped taking power from the
project.
Enron holds a 65-percent stake in the Dabhol Power Co. Its first phase of 740
MW was completed in 1998 while a second phase adding another 1,444 MW was
almost complete when its contractor stopped work because of the dispute.
Lay said the governments of Oman and Abu Dhabi were involved in contracts for
liquefied natural gas for the second phase of the project.
The project has been funded with a debt of $2 billion. Of this, offshore
lenders have contributed about $600 million and the remaining $1.4 billion by
local institutions and banks.
Lay said the biggest banks from United States, Europe, Canada and Japan were
involved in the project.

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

Transmission Line Delays Hit Scottish Generators

07/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- Construction of a long-awaited transmission line that
would boost access of Scottish generators to the English market remains on
hold because of foot-and-mouth related restrictions, the National Grid Group
PLC (NGG) told Dow Jones Newswires Monday.
"The North Yorkshire Transmission Line Project, that went on hold with the
onset of the foot-and-mouth epidemic late February, remains on hold because
construction teams cannot access areas classified as infected," said the
National Grid spokesman.
The 75-kilometer transmission line between Teeside and the Vale of York would
reduce the present bottleneck in northern England, allowing more
Scottish-generated electricity through to customers in England.
"This is particularly difficult for National Grid because we have an
obligation to facilitate competition," said the National Grid spokesman.
"This problem reduces the ability of players to compete, plain and simple."
The National Grid spokesman could not estimate when construction would
resume, but said, "Once we start, it will be at least two to three years
before the transmission line will be available for use."
The Department for the Environment, Food and Rural Affairs could not comment
on when access restrictions would be lifted in the North Yorkshire area, but
a spokeswoman said, "We cannot even begin discussion of lifting restrictions
on access to infected areas, until four weeks after the last diagnosed case
has been killed, and the area cleaned and disinfected."
Generators in Scotland are hit hardest by the delay because it interferes
with their plans to compete more actively in electricity markets in England
and Wales.
A spokeswoman for Scottish and Southern Energy said, "We do have to improve
access to markets in England and Wales," and added, "While we understand the
circumstances, we still look forward to the increased flexibility that the
North Yorkshire line will provide."
A spokesman for Scottish Power said, "As a Scottish company, we want the
Yorkshire line, to further open the U.K. market to competition."
The National Grid spokesman said some newly built generation is waiting to
come on line pending completion of the line. Companies would not comment on
their involvement, citing commercial sensitivity.
According to National Grid, a 1,875 megawatt plant at Teeside is subject to
operational restrictions until the new transmission line is complete.
This plant enhanced the necessity for the new transmission line when it came
on line in 1993, because existing lines could not accommodate the total
capacity of the Teeside plant.
The plant is owned by a consortium, with Enron Europe owning half the shares.
Midlands Electricity (19%), Northern Electricity (15%), SWEB (8%), and SWALEC
(8%) make up the rest of the consortium.
Enron said the Teeside plant isn't subject to any operational restrictions.
National Grid first applied for governmental consent for the new 4,840
megavolt amps transmission line in 1991. After two public inquiries,
extensive planning, and conflicts with groups opposing the construction, they
received consent to begin construction in July of 2000, and began in
September of that year.
-By Sarah Spikes, Dow Jones Newswires; +44-(0)20-7842-9345;
sarah.spikes@dowjones.com

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

Enron and Anschutz Invest in Tropic Networks; Leading Communications Provider
and Investment Company Subscribe to Tropic Networks' Optical Packet
Networking Vision

07/10/2001
Business Wire
(Copyright (c) 2001, Business Wire)

ANDOVER, Mass. & OTTAWA, Canada--(BUSINESS WIRE)--July 10, 2001-- Tropic
Networks Inc., a ground-breaking company building optical packet network
(OPN) systems for carriers who demand a greater ability to cost-effectively
scale their metropolitan area networks, today announced that Enron Broadband
Services, a subsidiary of Enron Corp. (NYSE: ENE) and Anschutz Investment
Company were key investors in Tropic's previously announced $60 million
second round of funding. Anschutz Investment Company is the financial arm of
the Anschutz Company, which founded and incubated Qwest Communications.
"The relationships we have been able to forge with Enron and Anschutz are
votes of confidence for Tropic's optical packet networking vision, and
enhance our credibility in the wide-open metro market," said Kevin Rankin,
president and CEO for Tropic Networks. "The business insight that comes with
the involvement of these blue chip investors is invaluable to Tropic's
continued success."
Tropic's OPN systems bring new levels of dynamic control and scalability to
networks by combining data services with intelligent optical transport in a
single, carrier class package. The Company's vision of optical packet
networking incorporates IP as the dominant services protocol, Ethernet as the
preferred data interface and optical wavelengths as the ubiquitous
transmission medium. This model enables carriers to enhance their revenue
opportunity by extending the life of existing networks and services while
adding compelling new IP, Ethernet and wavelength services. Tropic Networks
is using the investment to help drive the development of its initial customer
relationships and its OPN product line.
"Tropic Networks' optical packet networking system has the potential to make
a major impact on carriers' metropolitan area networks in terms of
performance and scalability," said Scott Carpenter, vice president for
Anschutz Investment Company. "Tropic clearly understands the importance of
scalability not only at the node level, but also at the network, services and
business levels."
Tropic's optical packet networking system is the first to address the needs
of scalability from the `box to the business'. In addition to providing
unmatched levels of intelligence at the node level, this model allows
carriers to deliver a wide range of services over a single infrastructure,
and manage the balance between capital expenses, operational expenses and
revenue.
Anschutz and Enron are members of Tropic's investor partner team which
includes Crescendo Ventures, Goldman Sachs (NYSE: GS), Altamira, Raza Venture
Funds, Celtic House International, Kodiak Venture Partners and the Ontario
Teachers' Pension Plan Board, all of whom invested in the $60 million second
round. Tropic Networks has raised $67 million US through two rounds of
financing.

About Tropic Networks

Tropic Networks is a privately held company focused on delivering optical
packet networking (OPN) systems for carriers who demand a greater ability to
cost-effectively scale their metropolitan networks to meet the current and
future demands of IP traffic. Its unique solution enables carriers to enhance
revenue opportunities by extending the life of existing networks and
services, while adding compelling new IP, Ethernet and wavelength services.
Tropic Networks revolutionizes the cost, availability and flexibility of the
carrier's network by providing unmatched levels of scalability and control,
and the ability to dynamically tune the network and business case as service
portfolios evolve with customer demands. Based in Ottawa, ON, and Andover,
MA, Tropic was formed in May 2000 by an experienced core team of optical and
networking engineers and executives. For more information, visit
www.tropicnetworks.com.

About Anschutz Investment Company

The Anschutz Company and its affiliated companies are principally engaged in
telecommunications and media, natural resources, transportation, real estate,
sports and entertainment. The Company, headquartered in Denver, Colorado
since the late 1960s is one of the largest privately owned and operated
companies in the United States. For more information, visit
www.anschutzinvestments.com.

CONTACT: Tropic Networks Sterling Hager Dan Poranski Tom Boucher 978-482-3301
617-926-6665 x220 dporanski@tropicnetworks.com tom@sterlinghager.com
08:00 EDT JULY 10, 2001

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

Nigerian gas company signs accord to supply US power firm

07/10/2001
Agence France-Presse
(Copyright 2001)

LAGOS, July 10 (AFP) - The Nigerian gas firm NLNG said Monday it had signed
an accord to supply gas to the US power company Enron from 2005, when two new
NLNG units come on stream.
Nigerian Liquefied Natural Gas (NLNG) will deliver one billion cubic meters
of gas per year to Enron, the group said in a statement.
NLNG Managing Director, Andrew Jamieson, said the agreement "represents
confidence in the capability of the NLNG as a reliable supplier."
The NLNG is a Nigerian joint venture company whose shareholders are the
Nigerian National Petroleum Corporation with 49 percent, Shell with 25.6
percent, TotalFinaElf with 15 percent, and Agip 10.4 percent.
ade/pcj/da

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

Enron pushes for resolution of Dabhol power project deadlock

07/10/2001
Agence France-Presse
(Copyright 2001)

NEW DELHI, July 10 (AFP) - The chairman of US energy giant Enron Corp.
Kenneth Lay met Indian government officials Tuesday to push for a resolution
of its dispute over a stalled power project near Bombay.
The Enron-backed Dabhol Power Co's 2,184 megawatt power plant stopped
generating electricity in May when its sole client, the Maharashtra State
Electricity Board (MSEB) failed to clear its long- overdue power bills.
After the payement defaults, MSEB also refused to buy any more power
following a dispute over tariffs.
Lay flew in from Enron's US headquarters for a meeting with Indian Finance
Minister Yashwant Sinha in New Delhi to try and break the deadlock over the
power purchase agreement.
"It is in the government and the country's interest to revive the project,"
Lay told reporters after meeting Sinha.
Lay said he was optimistic about finding "an amicable solution" to the
problem in due course.
"We did not come to any conclusion and we did not expect to come to any
conclusion. More work is required by us and the government to review the
project," Lay was quoted as saying by the Press Trust of India (PTI).
The first part of the power station began generating electricity in May 1999
while the second part is close to completion. The 2.9- billion dollar Dabhol
project comprises the single largest US investment in India.
PTI said Lay also had a two-hour long meeting with Power Minister Suresh
Prabhu.
Indian state-owned financial institutions have lent 1.4 billion dollars to
the Dabhol project, while foreign lenders have an exposure of 600 million
dollars.
Loans by foreign lenders are guaranteed by the federal government, but the
Indian lenders do not have the same cover.
Foreign lenders in May this year authorised the power company to issue a
preliminary termination notice to MSEB after payment defaults.
It issued the notice in June, setting the clock ticking on a six month
deadline for the electricity supply contract to be cancelled.
MSEB has also said it does not want power from the second phase of the
project, introducing another element to the dispute.
The Indian government has been trying to pursue other states to buy power
from the project, but have found it a difficult proposition.
uc/gh/am

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

Business
Judge tells deal critics to continue utility talks
JOSEPH R. PERONE
STAR-LEDGER STAFF

07/10/2001
The Star-Ledger Newark, NJ
FINAL
026
(c) 2001. The Star-Ledger. All rights reserved.

An administrative law judge ruled yesterday that critics of the GPU
Inc.-FirstEnergy Corp. merger should continue talking with the utilities for
two more weeks to reach a settlement that will allow the transaction to go
forward.
Administrative Law Judge Louis McAfoos 3d gave the parties until July 20 to
hammer out their differences over FirstEnergy's proposed $4.5 billion
purchase of GPU.
The settlement talks involve the state Ratepayer Advocate's Office, GPU
suppliers Enron and Shell and the state Board of Public Utilities, as well as
the two power companies.
GPU, based in Morristown, is the second-biggest utility in the state, with 1
million customers.
The BPU's staff is concerned the joining of GPU and the Ohio utility will
lead to large rate hikes for consumers when electric rate caps come off in
2003. Consumer advocates worry GPU might pull out of its Morristown
headquarters and service levels would drop after the merger.
"We'd like to see the headquarters stay in Morristown," Ratepayer Advocate
Blossom Peretz said. "I don't want to have to call Ohio when I have a
complaint."
GPU, which declined to comment, has 2,100 employees in New Jersey from
Hunterdon to Monmouth counties.
Peretz also wants to ensure GPU shares savings with consumers and treats
low-income customers fairly because they sometimes end up paying a
disproportionate share of their income - as much as 25 percent - for energy
bills.
FirstEnergy, she said, also might force GPU to leave the PJM power grid that
serves the Mid-Atlantic states, including New Jersey. FirstEnergy is part of
the Alliance, a group of utilities that have formed a power grid to buy and
sell electricity in the Midwest. GPU has said during previous testimony it
has no plans to leave the PJM grid.
Peretz also doesn't want consumers to end up paying any penalties resulting
from a clean-air lawsuit filed by the federal government against
FirstEnergy's coal-burning plants in Ohio.
"We don't want New Jersey ratepayers to be responsible for the cleanup," she
said.

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

Front Page
Tacoma Power wants millions Customer refund: Utility estimates it overpaid
electricity generators about $72 million
Les Blumenthal
The News Tribune

07/10/2001
The News Tribune Tacoma, WA
South Sound
A1
(Copyright 2001)

Tacoma Power estimates West Coast power generators and marketers owe it $72
million in refunds for power bought on the open market between October 2000
and May, when wholesale prices surged more than 10 times over previous
levels.
The estimates, filed in affidavits with Federal Energy Regulatory Commission
Judge Curtis Wagner Jr., are the first from the utilities since electricity
prices began their sharp run-up last summer.
Wagner said Monday he would recommend negotiations continue over an effort by
Northwest utilities to recover what they now estimate was more than $680
million in alleged overcharges to the region's electricity ratepayers.
Other estimates included Seattle City Light, $222 million, and Snohomish
Public Utility District, $229 million. The Bonneville Power Administration
estimated it should receive up to $140 million in refunds from purchases it
had to make as a result of the second worst drought in the region's history.
But Bonneville also sold electricity at various times in the California
market. And while some utilities in California believe Bonneville owes them
money, BPA said in its affidavit it has "no liability" for refunds.
Wagner has spent the past 15 days trying to negotiate a settlement both for
Northwest utilities and California, where the state has estimated consumers
are owed $8.9 billion.
The Federal Energy Regulatory Commission had given Wagner and those involved
in the negotiations until Monday to reach an agreement. With the unsuccessful
end to those talks, Wagner now has a week to make a recommendation to the
commission, which would then decide on the refunds.
But Wagner, in outlining what his recommendation might include, indicated he
wasn't convinced the Northwest had been treated fairly in the negotiations
because so much of the focus was on California.
"With regard to the Northwest, I may very well recommend further negotiations
with a settlement judge because they have not really had their day in court,"
he said.
Philip Chabot, a Washington, D.C., lawyer who represented Tacoma Power in the
negotiations, said he thought the judge's suggestion for additional
negotiations was a good one.
"California is the 500-pound gorilla, they drive the market and they have
driven the negotiations," Chabot said. "Obviously, we weren't successful in
getting a settlement. But we moved the process forward. It would be all to
the good if we got negotiations focusing on the Northwest."
Simon ffitch, a Washington assistant attorney general who represented the
state in the talks, said he too thought Wagner's interest in additional
Northwest talks was a positive development.
"We support that," ffitch said. "I am disappointed we couldn't reach a
broader agreement, but we gave it a good try. We are at the beginning of the
process."
The attorneys general of Washington, Oregon and California are investigating
whether they have grounds for an antitrust or criminal case against West
Coast power generators and marketers. Regardless of the talks, ffitch said
that investigation would continue.
But Sen. Maria Cantwell (D-Edmonds) said she wasn't convinced negotiations
for the Northwest should follow a separate track because the Californians
were providing much of the pressure for a settlement.
"If at some point we have to peel off, fine. But maybe we should stick with
California," said Cantwell, who had pushed federal regulators into allowing
the Northwest into the talks in the first place, then had to convince
skeptical utilities in the state to send representatives.
Cantwell said she wasn't surprised at the estimates Tacoma, Seattle and
Snohomish submitted in their affidavits to the judge. All three utilities
have had to raise their retail rates by up to 50 percent.
Of the power generators and marketers Tacoma said had overcharged, many were
actually Northwest-based, including Avista Energy of Spokane, PPL Montana,
the Chelan County Public Utility District, Grant County Public Utility
District, Idaho Power and Puget Sound Energy. But others included some of the
nation's major energy suppliers, including TransAlta and Enron.
In determining the refunds, Tacoma and the other utilities calculated that
any electricity bought above $150 per megawatt was subject to a refund. By
comparison, prior to the current West Coast energy crisis, utilities paid
between $30 and $40 a megawatt. At the height of the crisis, electricity cost
more than $300 per megawatt.
- - -
* Les Blumenthal covers matters of interest to Washington state and the
Northwest in Washington, D.C. His e-mail address is
blumenthal@mcclatchydc.com.

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


All:  Please review for content.  This deal has been recast as a "Price
Return Swap" and I hope it is self-explanatory (i.e., you won't have to drag
out the 1996 Equity Definitions).  I will forward a draft letter shortly.


As we discussed at the recent Corporate Responsibility Task Force meeting,
one of the critical next steps for the group will be to refine Enron,s
definition of corporate social responsibility in an effort to clarify our
subcommittee goals.  Other objectives are to determine how the group will
define success and agree upon an ongoing communication and coordination
effort for the subcommittees.

In order to expedite these efforts, I am organizing a working lunch for
interested task force members on Tuesday, February 20, from 11:30 a.m. to
1:00 p.m. in EB47C1.  Please RSVP to Stacy Walker via e-mail, or at
713-853-3583.  If you have any questions, feel free to e-mail or call Lauren
Iannarone at 212-702-3916.

Attached is a document that outlines our definition of corporate
responsibility to date, as well as how other companies have defined this
concept.  Please review it so that we may discuss it during next Tuesday,s
meeting.


Jeff - call me when you get  a minute regarding this.  Torrey is absolutely
correct - our traders have been instructed not to allow customers out of a
trade without doing an OTC trade or having legal prepare a termination
agreement.  Sounds like it is time to send out the policy again!

Sheri

From:  Torrey Moorer
   01/16/2001 03:51 PM

To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON
Subject: Re: Gas Daily deals in dispute

Jeff-

From a legal perspective, the traders are not supposed to have the authority
to let out another entity from an EnronOnline trade. If the trade is the
result of a system malfunction or some other uncontrollable issue, the
customer can get with the trader and agree to reverse out an existing EOL
transaction with an OTC trade, but Commercial should not be letting customers
out of EOL deals simply because their traders "clicked on the wrong product".
This is the policy that Mark Taylor and Legal have had in place since the
inception of EOL.

I'll get with Sheri and Jennifer and we will see what Legal has to say, but,
if Mike Maggi and/or John Arnold have been verbally allowing customers to
change these Gas Daily trades in the past, it definitely creates a problem
from the perspective of trying to hold them to the same trades now. The best
advise I can give right now is to make sure that John and Mike do not
continue allowing customers out of their trades simply because they "clicked
on the wrong product". The legal responsibility for "clicking on the right
product" lies firmly with the customer and whenever Commercial starts
allowing them out of that responsibility it can create serious legal problems
when and if one of these trades comes back to bite them.

Torrey

Jeffrey C Gossett
01/16/2001 03:05 PM
To: Torrey Moorer/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Leslie
Reeves/HOU/ECT@ECT
Subject: Gas Daily deals in dispute

Torrey -

We have an issue where some of our traders are letting traders out of EOL
deals b/c they "clicked on the wrong product."  What happens is we end up
having two deals in our systems,  and the counterparty has no deals in their
system.  So when settlement goes out they tend to accept the one in their
favor and reject the one against them.  We always work it out but as you can
imagine it is a huge headache from everyone's perspective.  Please advise on
what we can do to put an end to this practice.

Thanks
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 01/16/2001
02:54 PM ---------------------------

Gregory Carraway@ENRON
01/16/2001 01:57 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Gas Daily deals in dispute

Forwarded per request of Kim Theriot.
---------------------- Forwarded by Gregory Carraway/Corp/Enron on 01/16/2001
12:46 PM ---------------------------

Gregory Carraway
01/16/2001 08:50 AM
To: Errol McLaughlin/Corp/Enron@ENRON
cc: Rebecca Ford/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT

Subject: Gas Daily deals in dispute

The following deals are being disputed by Reliant Energy Services. TAGG is
showing these deals as Gas Daily, but the counterparty states that they
should be changed to Nymex trades. They also stated that they were told by
Mike Maggi that the deals would be changed to Nymex deals:


Notice No. 00-398
November 17, 2000

TO:
ALL NYMEX/COMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL NYMEX/COMEX DIVISION CLEARING FIRMS
ALL NYMEX/COMEX DIVISION OPERATIONS MANAGERS

FROM: Neal Wolkoff, Executive Vice President

RE: NYMEX Rule 9.33/COMEX Rule 4.46 ) Large Trader Position Reporting For
Thanksgiving Day Holiday
___________________________________________________________

This is a reminder that the New York Mercantile Exchange ("the "Exchange")
and its COMEX Division will be closed on Thursday, November 23 and Friday,
November 24, 2000.  The Compliance Department,s modem lines can accept
NYMEX/COMEX large trader data transmissions for the close of business
Wednesday, November 22, 2000, any time after 8:00 P.M. on Wednesday, November
22 until 8:00 A.M. on Monday, November 27, 2000.

 If your large trader data for the trade date November 22, 2000 is
transmitted on any day other than Thursday, November 23, 2000, please ensure
that the trade date that appears in each record is November 22, 2000.  The
computer system will accept no other date.  There have been problems in the
past when the Exchange was closed because clearing members, computer systems
automatically counted ahead one day.  In such cases, the data transmitted on
the first business day following the Exchange holiday incorrectly referenced
the trade date as the date of the holiday instead of the date preceding it.

Should you have any questions, please contact Bonnie H. Yurga at (212)
299-2879, or Nick Falcone at (212) 299-2919.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-398)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


I saw him this morn, and asked if he called you.  call him tomorrow or thurs,
and i'll follow up......

Nathaniel Jeppson <Njeppson@ALLENCO.COM> on 01/23/2001 11:35:26 AM
To: "'Jeffrey.A.Shankman@enron.com'" <Jeffrey.A.Shankman@enron.com>
cc:
Subject: RE: follow-up

Jeff,
Congratulations on yesterday's earnings release - the market reacted well.
Feedback I got from a large bank on the street is that they always recommend
buying ENE in the weeks leading up to earings releases.  I don't want to be
a pain, but you had said to let you know if I had not heard from Jeff by
today.  I'm happy to be the one to make the call - just let me know.

Halley and Michael's opening was quite successfull and the show is great.
have fun in London.
Nat


Start Date: 1/7/02; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010708.txt


you can play football.  we play tomorrow night at 7pm.


----- Forwarded by Brent Hendry/NA/Enron on 11/29/2000 04:46 PM -----

	Brent Hendry
	11/29/2000 04:45 PM

		 To: D'Arcy Carroll/SA/Enron@Enron, trandyyoung/sa/enron@ECT, Sara
Shackleton/HOU/ECT@ECT
		 cc: Lynn Aven/NA/Enron@Enron, Paul Radous/Corp/Enron@ENRON
		 Subject: Re: Financial Swap - Aracruz

We had concluded early on in our due diligence in Brazil that financial
transactions should be conducted offshore by both the Brazilian entity and
Enron.  However, we have not conducted any due diligence on Panama to
determine if Panamanian counterparties can enter into derivative transactions
with ENA.  Are there any other offshore subsidiaries in any other
jurisdictions that could be used for this trade?

Is this due diligence something that you want to move forward on or is the
deal still in the early stages?  I would guess that the due diligence could
cost around $15,000 to $25,000 and could take from one to two weeks to
complete and there would be no guarantee that financial transactions would be
allowed.

Randy, do you know of any counsel in Panama that Enron has worked with in the
past?

Regards,
Brent

	Sara Shackleton@ECT
	11/29/2000 03:53 PM

		 To: Brent Hendry/NA/Enron@Enron
		 cc: D'Arcy Carroll/SA/Enron@Enron
		 Subject: Financial Swap - Aracruz

per my voice mail
----- Forwarded by Sara Shackleton/HOU/ECT on 11/29/2000 03:52 PM -----

	D'Arcy Carroll@ENRON
	11/29/2000 04:32 PM

		 To: Randy Young/ENRON_DEVELOPMENT@ECT
		 cc: Sara Shackleton@ECT
		 Subject: Financial Swap - Aracruz

Randy/Sara,

Please confirm if Enron can or cannot execute a financial swap with Aracruz
Brazil.

Alternatively, we need input on Enron's ability to execute a financial swap
for pulp with Aracruz's off-shore, Panamanian  subsidiary.

We are trying to prep for a discussion scheduled for tomorrow, Thursday
afternoon, Sao Paulo time (4 hours ahead of Houston).

Thanks your help.


----- Forwarded by Sara Shackleton/HOU/ECT on 09/28/2000 09:24 AM -----

	Rodney Malcolm
	09/26/2000 03:01 PM

		 To: Tanya Rohauer/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 cc: Finley Biggerstaff/HOU/ECT@ECT
		 Subject: Garden State - Plan B & C

This should clarify my voice mails from earlier today.  I am a little nervous
that Citibank may not come through and as a reault need to create a backup up
plan.  The backup plan is to B) do the ONP & NP swap with National Bank of
Canada or C) do the ONP swaps with Waste Management and the NP swaps with
National Bank of Canada.   In order to do this we will need to create the
following documentation:

1) New Master ISDA with National Bank of Canada and Garden State Paper LLC.
There will be no netting side letter and no special optional termination
event.  The Master ISDA should match the ENA - NBC Master exactly except that
the collateral threshold needs to be $1million dollars.  Finley will create
the confirmations.

2) New Master ISDA with Waste Management and Garden State Paper LLC.  There
will be no netting side letter and no special optional termination event.
The Master ISDA should match the ENA - Waste Management exactly.  Finley will
create the confirmations.

Please let me know ASAP if there will be any problems in getting these doc's
prepared for mid morning tomorrow.

Thanks for all the hard work on a tight time frame.
Rodney


Hi Teresa,
Believe it or not, I just got my directory...I guess they finally figured out
where I am located!  I also found out that I need to correct the company for
my directory information.  It needs to be Enron Transportation & Storage
instead of Enron Corporation.  Thanks and talk to you soon!


BUSINESS HIGHLIGHTS

Weather Group

Let,s give a big round of applause to the Weather Team!  Environmental
Finance Magazine ranked the weather group #1 in Online Services and #1 Dealer
in the United States and Europe.  Gary Taylor, manager in weather trading,
comments, "The "Best Dealer" award reflects our counterparties' appreciation
for the significant effort we have made to drive the growth of our market by
making two-sided markets where other companies are only willing to quote
either a bid or an offer.  This award also reflects the innovative nature of
everyone on our desk, and their ability to price non-standard structures for
our customers.  It is truly a team award.  The "Best Online Dealer" award is
simply another testament to the unparalleled success of EnronOnline.  By
providing tight, two-way markets online, we have provided two critical
elements to generate growth in our market: 1) an element of price discovery,
and 2) a quick and easy way to transact."

The Weather Risk Management group launched a new product this week:  Power
Demand swaps.  These contracts use power demand as an index and allow power
market participants (generators, btu distributors, marketers, etc...) to
mitigate volumetric exposures.  The first contract the desk offered is for
the PJM power pool.  On EnronOnline, weekly swaps are available and the desk
has placed option contracts on this index in the broker market.  Inquiries
regarding this product should be directed to Claudio Ribeiro (product
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.

Competitive Analysis and Business Controls
eSource, Enron's premier corporate-wide research group, launched their new
intranet product, eSearch, on December 1, 2000.  eSource's team of
specialized researchers have created a web site to bring information and
research to every employee's desktop.  The eSearch web site offers many links
to information resources, access to research databases, specialized searches,
sites to purchase books, articles, and reports, and training.  Employees can
use the web site to conduct their own research or as a vehicle to submit
research requests.  eSource's researchers and industry specialists are
available to all Enron business units to provide timely and cost efficient
research, to work with individuals or groups to fulfill one time research
requests, or to design ongoing, customized monitoring projects or news
updates.

Enron Global Markets Fundamentals
EGM Fundamentals is quickly building a team of expert analysts and associates
to work directly with traders and marketers.  The team is already busy
analyzing various commodities and market situations.  For example, an
initiative is underway to analyze current negative fractionation spreads in
the market resulting from rising natural gas prices.  Web sites to host this
analytical information are currently in development for all EGM commodities.
These sites will provide research and analysis, weather, publications, and
any other information that will assist in decision-making or identification
of potential commercial opportunities.  For questions or requests regarding
fundamental research, contact Jennifer Fraser at x34759.  For questions or
suggestions regarding the web sites, contact Heather Purcell at x54057.

Austin Energy
Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North America
broke ground November 29, 2000 for the construction of the Sand Hill Energy
Center, a 180-megawatt peaking electrical generation facility.  Located in
eastern Travis County, the Sand Hill Energy Center will be a natural gas
fired facility that will operate primarily during peak demand periods.  The
$93.7 million project will feature four 45-megawatt General Electric gas
turbines and will be operational May 1, 2001.

NEWS FROM THE GLOBALFLASH

Coal
The London dry cargo seafreight team traded 1 million metric tonne of
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The deal
was created by combining OTC options and a physically related cash market
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy company
Graninge.  According to the agreement, Graninge will deliver electricity to
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's
Utgrunden off-shore wind park, completed this year, will generate in the
region of 38,000 megawatt hours of electricity, or enough for around 6,000
average homes between the mainland and the island of Oland on the southeast
tip of Sweden.  In an announcement this week, Graninge stated that it plans
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course of
its first year, EnronOnline has passed a number of milestones including the
addition of a range of new functionalities for customers on the site.
EnronOnline has now come of age, having surpassed the $274 billion mark in
notional value in November.  This represents a total of 478,695 transactions
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to
EnronOnline in Europe.  A team from Reuters was invited into Enron House to
receive a full demonstration of EnronOnline and as of today will be able to
quote in reports live prices from EnronOnline.  Other media outlets are being
invited to obtain guest access during the coming weeks as the word of
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role.
Elliott Katz worked on the GEM migration in Singapore last week with an IT
team from London, Oslo and Singapore.  Approximately 40 users, including
Traders, were migrated to Windows 2000 and the CORP domain.  This is an
important step for the Asia Pacific region, as it brings the three biggest
offices (Singapore, Sydney and Tokyo) into line with corporate standards for
desktop computing.

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announced
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industrial
area  in northern Japan.   A feasibility study will be undertaken to define
how the project will go forward and this may include the development of an
LNG terminal in the vicinity.  The nature of the permitting process is such
that the plant would not begin operations for six to seven years.  This
project is just one of several options that E-Power are working on in Japan.

NUGGETS & NOTES

&Go Big or Go Home8 ) Mike McConnell/President & CEO-EGM

"Call Back" - Don Schroeder, VP/Crude Trading-EGM

REMINDER

Holiday Party
Enron North America, Global Markets and Industrial Markets
Enron Field
Saturday, December 9
7:00 - Midnight

WELCOME
New Hires ENA/EIM/EGM
ENA ) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Churbock,
Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri
Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia
English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
EGM )Ellen Alexander, Mike Perun

Transfers to ENA/EIM/EGM
ENA ) Gregory Golden
EGM ) Keynan Dutton

FROM THE EDITORS

Thank you to all the contributors to this week's EnTouch.  We want to hear
from the various departments within Enron Americas, Global Markets and
Industrial Markets!  Please continue to send your business highlights,
nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


Hi Bill,

On yesterday's...HE16 from SRP should be a -65 not -16.  Also the ancillary
is not adding up the bottom.

Thanks,

Kathy


We've done it again, everyone.   Enron has been named the "Most Innovative
Company in America" for the sixth consecutive year by Fortune.  That's right
-- six years in a row.   We continue to be recognized by our industry peers
and other corporate executives and securities analysts as the company that
sets the standard for doing business in the new economy.  Congratulations to
all of you for making it happen.

Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year.  We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."

This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12.  For more information, go to www.fortune.com.


Guys, I am in complete agreement on the strategy.  This has been discussed
for some time, Dave Duran and his group have distinct goals to move this
strategy forward in 2001.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/19/2001
09:30 AM ---------------------------

	From:  Doug Leach                           01/19/2001 08:19 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: coal plants

fyi--see attached
---------------------- Forwarded by Doug Leach/HOU/ECT on 01/19/2001 08:23 AM
---------------------------

	From:  Doug Leach                           01/16/2001 05:26 PM

To: Michael J Beyer/HOU/ECT@ECT
cc: Randal Maffett/HOU/ECT@ECT, Tom Briggs/NA/Enron@Enron
Subject: Re: coal plants

Since Randy knows alot about power by wire I guess I under estimated the
costs/feasibility of my mine mouth strategy. Still seems to make sense to
promote clean buring coal plants to reduce America's dependence on foreign
oil or straining a maxed out natural gas system. Is this something we should
have Tom Briggs in the Enron Washington, DC office push?
---------------------- Forwarded by Doug Leach/HOU/ECT on 01/16/2001 05:22 PM
---------------------------

Randal Maffett
01/16/2001 04:58 PM
To: Doug Leach/HOU/ECT@ECT
cc:
Subject: Re: coal plants

B'fast Friday looks fine, it's on the calendar!

Re: the coal strategy, you're exactly right.  There is however one major
impediment.  While locating the plant near/at the source (i.e., mine-mouth)
will ease transport costs for coal, there aren't many major coal mines
located in the prime market zones for power.  The transmission (wires) grid
was not built to accomodate wholesale bulk trading/transport the way gas does
and the impediments to expanding the grid are enormous (infinitely more so
than building new plants).  For example, the average lead time to permit (not
built, just permit) a high-voltage power line is 5-7 years!  As a result, a
medium sized line (345kv, 200 miles) can cost upwards of $1-2 billion!  That
was the most frustrating part of the 18 months I chased this stuff.  While
the basic solutions appear to be so logical, the business (the utilities),
regulatory and environmental regimes are so backwardated in their thinking
that breaking in was basically impossible.  Unless we're willing to put a
billion $ at risk for 5-7 years on a merchant basis!  (NOT!)  Hell, you can't
even get $100 million for your refinery deal!  Solving the power supply
shortage is only part of the equation and your coal idea is legitimate as new
technology can burn coal almost as clean as gas.  But until the FERC and
state PUCs force the issue of expanding the grid to become a more "fungible"
and integrated transmission system, the utilities will continue to operate in
their vacuum as these transmission barriers are the only things protecting
their turfs.  Even though some have given the appearance of forming
RTO's/ISO's (regional transmission organizations or independent system
operators) this is simply a facade of utilities banding together to cover
each other's asses.  The assets are still owned by the utilities themselves
and the RTO/ISO has no authority to mandate expansion or anything requiring
capital investment, other than routine maintenance, etc...  That's the whole
genesis of what I was trying to preach to FERC, various utilities who
"appeared" to be more forward thinking about dereg, etc...  Basically, you'd
be trading one evil (transport for fuel) for another (transport for
electrons) and I'm afraid the latter is infinitely more complex (engineering
wise) and costly.

See ya' Friday!

	From:  Doug Leach                           01/16/2001 04:22 PM

To: Randal Maffett/HOU/ECT@ECT
cc:
Subject: Re: coal plants

is this something Enron should revisit and not be so shortsighted? Beth
scheduled us for breakfast on Friday morning at the Doubletree. Does that
work for you?
---------------------- Forwarded by Doug Leach/HOU/ECT on 01/16/2001 04:21 PM
---------------------------
To: Doug Leach/HOU/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT@ECT, Marc De La Roche/HOU/ECT@ECT, Michael J
Beyer/HOU/ECT@ECT
Subject: Re: coal plants

Doug -Mike Beyer worked on this idea last summer.  The problem we had was our
need to focus on shorter term opportunities - and the bodies that would be
required to do a good job.  I know that ENA is / was looking at some
brownfield opportunities - but I haven't heard of any developments.

Thanks,

George

	From:  Doug Leach                           01/16/2001 04:10 PM

To: George McClellan/HOU/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT@ECT, Marc De La Roche/HOU/ECT@ECT
Subject: coal plants

George,

I'm sure I am way over simplifying this, but in light of current natural gas
prices and the past success ENA had building six natural gas power plants
wouldn't the same template work for building coal fired power plants in the
US? I'm sure the choosing of potential sites and the overall permitting
process is far more severe than the natural gas process, but it would seem
Enron could and should be a leader in proposing new coal plants. Wouldn't it
make sense to build a state of the art coal power plant closer to the actual
coal supply, whereby we avoid the ever increasing transportation costs and
then supply power by wire to surrounding states. States rich in coal reserves
are always looking for more jobs which a new power plant would create and
therefore may speed the permitting process along. Building the power
transmission infrastructure across state lines may be cost prohibitive, but
has this approach been analyzed by the coal group?

Regards,
Doug


As you know, the U.S. government is investigating hundreds, if not thousands, of relatives, acquaintances and associates of the individuals who may have been involved in the terrorist attacks on Sept. 11.  We believe that the media will soon be reporting that one of the many individuals being questioned is an Enron employee in Houston.  It is appropriate for us to withhold judgment and to continue to cooperate fully with federal authorities.  Because this is a matter in the hands of the federal authorities, we cannot provide additional information at this time.   However, we will keep you informed, to the greatest extent possible.

Please keep in mind that thousands of people who may or may not have any information about the terrorist attacks are being questioned as part of this investigation.  We continue to have every reason to believe that our employees and facilities are safe.  If you have concerns, please call Corporate Security at (713) 345-2804.  If you receive any media or external inquiries about this matter, please call Public Relations at (713) 853-5670.

At Enron, diversity is one of our strengths, and we respect and embrace all people of all faiths and beliefs.  Please continue to keep our employees who have been impacted by this tragedy in your thoughts and prayers.


My suggested edits are in CAPS.


? The extraordinary session is expected to close early next week, after the
governor has signed SB 28X, a power plant siting bill.  Yesterday, the
governor signed bond financing bill SB 31X.  Once the extraordinary session
is closed, a new extraordinary session is expected to be opened immediately.
However, sources report that no one is certain if the bills from this session
will have the same numbers in the next session.  The legislature reportedly
is trying to arrange so that the bills will not have to be heard again in
committee.

? The MOU still does not have a sponsor.  Governor Davis hopes to reach a
deal with Sempra for the state to purchase San Diego Gas and Electric's
transmission assets.  He reportedly feels that by having deals in place with
SoCal and SDG&E, enough momentum might be added to push the MOU through the
legislature.  He then could go to the bankruptcy court and propose adding
PG&E's assets, since he would have two of the three pieces in place.  The
validity of this logic seems questionable at best.  Sources are skeptical
that adding SDG&E to the MOU would increase the chances of the deal going
through the legislature.  Also, the governor has claimed to be close to
having a deal with SDG&E for several weeks, but such a deal has not yet been
finalized.  The governor stated that he will have a sponsor for the MOU by
next week when the bill will be introduced.  The MOU might be introduced in
the legislature, then amended to indicate a lesser amount for the
transmission asset purchase.  This still would not assure passage since so
many legislators reportedly are against the MOU.

? The windfall profits tax bill has not been set for hearing on the Assemble
floor.

? State Legislature, Elizabeth Hill, published a report earlier this week
regarding an analysis of state revenues.  The report stated that revenues for
this year would be $3.4B less that was expected in January 2001, not
including electricity costs.  She predicts that ongoing state programs will
have to be cut by approximately $1.7B.

? Moody's has put California's credit rating under review for another
downgrade.  Sources report that Moody's, S&P, and MBIA have all informed
California that "the only way the state will improve its credit rating and
look better to investors is to get out of the power business and resolve the
undercollected."


OK
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/09/2000
06:12 PM ---------------------------

Eric Thode@ENRON
06/09/2000 03:37 PM
To: Mark Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, Doug
Stockton/ECP/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Kathryn
Corbally/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON
cc:
Subject: DRAFT PRESS RELEASE: Linden 6 - Tosco Deal

Attached is a press release announcing an agreement between Tosco and East
Coast Power regarding electric supply to the Bayway Refinery.  Please make
any changes or corrections and return to me by Monday, June 12 at 10:00 am.
If you have any questions, call me at ext. 3-9053.

Thanks.

Eric Thode


Wes - I spoke with Barbara Gray in Legal last night.  Unless Entex consents,
the Entex contract can only be assigned to an Enron affiliate.  However,
Barbara thinks we can assign this contract (plus any other on-system ENA
sales contracts) to an Enron affiliate, then sell this affiliate along with
HPL stock to the buyer.  Barbara or Dan, if there are major impediments to
this strategy, please let me know.

regards,
Patrick


All Enron North America, Enron Global Markets, and Enron Industrial Markets
employees mark your calendars for:

         The 2000 Employee Appreciation Party
              at Jillian's
        on Thursday, September 21
         from 3:30 p.m. - 8:30 p.m.

               Watch your mailbox for your personal invitation containing
more detailed information!


Hi everyone just wanted to confirm those numbers....again 125 for adult KK
and $30 for kid Kris Kringle...someone please respond....thanks...we want to
make sure that we are spending the correct amount since these are the only
family gifts we are exchanging..thanks

Whats the deal for mom and dad....if its a computer..should we be shopping
around...if its a bbq should we decide on how much?xmas is just 3 wks away...

Also for Owen and I....there are 2 knives we would like...Liz has the name
of a wholesaler..I will tell you the style#'s..or we would love a new chair
to match
our backyard set...can give that info too...or a play...

hope ll is well..xoxoxoxox


TASK ASSIGNMENT

Task Priority:
Task Due On:
Task Start Date:


FYI....

EnTelligence?
No, its not spelled wrong, it's the name of a prospecting website designed to
deliver market information on existing and potential customers to commercial
trading, mid-marketing, and origination teams.  It also delivers management
reports to analyze Enron,s position within the key industries that we serve.
Presently, commercial groups have multiple methods for acquiring potential
customer information.  This system will standardize their resource tools and
add consistency to their prospecting processes.  EnTelligence combines
information from internal databases such as Global Counterparty, Credit
Aggregation System (CAS), Sitara, Enpower, and ERMS with information from
external data sources such as Dun & Bradstreet and I.H.S Energy Reporter to
identify customer prospects.  By providing the capability to filter and
search by region, industry, company size, or energy consumption levels, the
prospecting process is shortened and the identification of strong prospects
improved. Available reports include Market Penetration, Industry Prospecting,
Comparison Prospecting, Company Profiles, Family Tree, Top Customers, and
Inactive Accounts.  Currently only Natural Gas and Power physical deals are
loaded, but financial deals will be included soon, as well as other
commodities.

Alternatively, you can also access the site from Enron's homepage, under the
Information & Services section, go to the link called "EnTelligence".

To view deal data, a user will need to submit an eRequest and select either:
Trader, Manager, or Sr Manager security.  I would also recommend to add the
following applications to your eRequest: Dow Jones Interactive (DJI), and
Live Link.  DJI is to be able to view market information and Live Link is our
desktop documentation system which enables the user to view a contract from
your computer.

The following attachment is a sampling of a Market Penetration report
displaying a count of companies in the industry code "Electric Services" of
the total number Enron has dealt with and the total number of companies Enron
has not dealt with yet.  Also, a sample of Enron Power Marketing Group's Top
customers for physical deals within the last 12 months.

Give the system a test drive and let us know what you think! Any questions,
please call the EnTelligence helpdesk  at  713-853-3147.  Our website link
is: http://entelligence.enron.com

Thanks,
Avril


Nesbitt Burns, Inc. changed it's name to BMO Nesbitt Burns Inc.


Kay

Were you involved in the Coop City meeting/conference call this morning, and
if so, was any progress made in defining the business deal so that we can get
started with documentation?

Thanks


Please send copies of the gty for AGL

Thanks

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


This looks ok to me.


Jeff:  I am on vacation this week.   Can you take care of this inquiry?
Thank you - Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 07/17/2001 09:03 AM -----

	Janel Guerrero
	07/16/2001 10:30 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Lisa Yoho/NA/Enron@Enron
		 cc:
		 Subject: Re: Enron liquids inquiry

jeff and lisa.....rick asked me to foward this inquiry to you.  I'll assume
the two of you can coordinate and will get back to David.  If you have
questions or if there's a problem just call me.  thanks!!

----- Forwarded by Janel Guerrero/Corp/Enron on 07/16/2001 10:28 AM -----

	Richard Shapiro
	07/16/2001 10:24 AM

		 To: Janel Guerrero/Corp/Enron@Enron
		 cc:
		 Subject: Re: Enron liquids inquiry

Please talk to Jeff and Lisa Yoho- Thanks.

From: Janel Guerrero on 07/16/2001 10:17 AM
To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
cc:

Subject: Enron liquids inquiry

I took a call on Friday from one of the guys I worked with in Global Markets,
and he was asking about the CA market....specifically the following:

Apparently as a result of the BP/Arco merger a bunch of storage agreements
for diesel fuel are being cancelled and there isn't a home for the barrels
any longer.

Enron is looking into initiating a deal with Kinder Morgan and/or EOTT
wherebuy KM/EOTT would own and operate a new set of storage tanks and Enron
would lease the tanks and then sublet them to our counterparties.  (probably
near LA).

David was inquiring about the regulatory process and the political climate in
CA as a result of the energy crisis.  I told him that I wasn't sure on
process/timeframe for obtaining permits for storage tanks and that it was
worth looking into.

Do you want me to send this inquiry to Dasovich or someone else in CA?  David
needs an answer by Wednesday.

David Loosley
3-9109


Enron North America is interested in purchasing natural gas from Phillips
Petroleum Company under the following terms and conditions:

Service Level:  All volumes will be firm.  Buyer must flow 100% of purchased
volumes.  If Phillips is not satisfied with Buyer's flow performance,
Phillips may cut any or all gas during the month of f low, and may terminate
all remaining months of contracted volume upon 15 days written notice to
Buyer.

Tier 1
WFS Milagro Plant: (WFS Agreement-Agreement Transfer):  10000 mmbtu/day
Price:  Inside FERC El Paso San Juan Index minus $.09.

Tier 2
WFS Milagro Plant (WFS Agreement-Agreement Transfer):  25000 mmbtu/day
Price:  Inside FERC Northwest Rockies Index plus $.09

El Paso Natural Gas Company San Juan Blanco Pool:  40000 mmbtu/day
Price:  Inside FERC Northwest Rockies Index plus $.09

WFS Ignacio Plant (WFS Agreement-Agreement  Transfer):  30000 mmtu/day
Price:  Inside FERC Northwest Rockies Index minus $.04.

Special Terms and Conditions:  Buyer and Seller may mutually agree to convert
any portion of the contracted volume to a fixed price or to a Gas Daily.
Conversion to Gas Daily can occur no later than NX3.  If no price conversion
takes place, the gas will be sold at the agreed upon index price or default
price.

ENA is not interested in trigger deals based upon partial flows.

Please call if you have any questions regarding this matter.


Communicating Across Differences - October 10, 2001
DoubleTree Hotel - DeZavala
8:00 am - 12:00 pm          Cost:  $350

This course focuses on using the world's most powerful personality profile, the Myers-Briggs Type Indicator (MBTI) to learn to communicate and work with people whose personalities and communication styles are different from your own.  It begins from the foundation of understanding your own personality and communication approach, then moves to applying that knowledge to improve communication with others.  One of the additional tools used in this course is the "MBTI Work Styles"-which explores in detail how personality differences affect people's approach to work and communication.

The program is highly interactive, with exercises and activities that enable participants to truly experience how human personality impacts people's communication, priorities, decision-making, and work style.  It is also highly practical, focusing on maximizing successful business outcomes through effective communication.

Achieving Results Through Coaching - October 10, 2001
DoubleTree Hotel - DeZavala
1:00 pm - 5:00 pm          Cost:  $350

This course uses a classic competency model, as well as a powerful assessment of interpersonal communication style, called the FIRO-B, as a foundation for coaching.  It teaches the coach to think himself or herself back through their own learning stages in order to coach others effectively.  It also teaches participants to recognize the different stages where the various people they coach might be and adapt their coaching style as employees move from stage to stage.  It also helps participants understand their own interpersonal communication style, through the FIRO-B, and learn to leverage it for greatest effectiveness as a coach.

Participants will create coaching action plans for use with employees.

For registration, please login to our website http://elm.enron.com "Management/Leadership"    If you have problems registering or have any questions, please call 713-853-0357.


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	Thursday?November?30th?2000

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				Nov 30th 2000
				From The Economist print edition

				Kirk,s enterprise

				Dissatisfaction over the poor performance of DaimlerChrysler culminated in
its third-largest shareholder, Kirk Kerkorian, taking legal action through
his Tracinda Corporation, owner of around 4% of the car maker. He alleges
that Daimler-Benz bosses were fraudulent in claiming that their takeover of
Chrysler in 1998 was a &merger of equals8, and is demanding $9 billion in
compensation.
				See article: Kerkorian v DaimlerE+

				A planned restructuring at Mitsubishi Motors, a Japanese car company that is
34% owned by DaimlerChrysler, appeared to go on hold after Mitsubishi agreed
to bail out its loss-making Australian subsidiary to the tune of A$172m
($90m).

				General Electric named Jeffrey Immelt as its next chairman and chief
executive. He will take over from &Neutron Jack8 Welch, who has postponed his
retirement until the end of 2001 in order to oversee a potentially tricky
takeover of Honeywell.
				See article: Face value: Jeffrey Immelt, GE,s boss-in-waiting

				Qantas, Australia,s leading airline, is to spend $4.6 billion on 31 new
aircraft over the next ten years, including 12 new A3XX &superjumbos8 from
Airbus. This gives the European consortium enough orders for a formal launch
of its new aricraft. Though this is a significant victory for Airbus over
Boeing, Qantas will also buy six long-range 747s. Boeing said that sales of
its smaller 777 will exceed $18 billion this year, well ahead of similar
Airbus planes.

				Creditors of Daewoo Motor, an insolvent South Korean car maker, agreed to
provide further loans of 728 billion won ($605m), after the unions had
accepted a restructuring that would include job cuts and sales of assets.
This may help to persuade General Motors and Fiat to buy Daewoo.

				Glaxo Wellcome, a British drug company, withdrew Lotronex, its
irritable-bowel syndrome treatment, from the American market because of
worries by the Food and Drug Administration over its side-effects. It is
unlikely that the drug will now be launched in other countries, and it may be
withdrawn elsewhere.

				Weyerhaeuser, an American forest-products company, made a $5.4 billion
hostile bid for a rival, Willamette Industries after the latter rejected an
unsolicited offer. Weyerhaeuser did not increase its price, although it may
yet be forced to go higher to beat out rivals.

				Hans off

				Hans Snook, the unconventional chief executive of Orange, is to step down
after the mobile-phone company floats next year. Mr Snook will be replaced by
Jean-Fran?ois Pontal from France Telecom, which acquired Orange earlier this
year.

				NTT DoCoMo, Japan,s largest mobile-phone operator, confirmed its purchase of
a 16% stake in AT&T Wireless. DoCoMo is keen to promote its third-generation
mobile technology; and AT&T Wireless, which is soon to become a separate
company after its parent splits up, needs the cash to pay for bids for
American wireless spectrum.
				See article: Japan,s mobile-Internet lead

				Lernout & Hauspie, a troubled Belgian speech-recognition software firm, filed
for bankruptcy protection after finding $100m in cash missing from its South
Korean unit. L&H,s shares were suspended a month ago after accounting errors
had been reported; its two founders have both quit the company.

				[IMAGE]

				Sema Group, an Anglo-French computer-services outsourcing company, issued a
profits warning that sent its shares nosediving by 44%. Its shares were hit
again when a non-executive director resigned after selling shares when
forbidden to do so by stockmarket rules. In a market rapidly becoming
dominated by large companies offering global services, medium-sized companies
are losing out.

				Time, gentlemen

				Cazenove, the last bastion of traditional, blue-blooded stockbroking,
announced that it would become a public company and abandon a partnership
structure that has seen it through 177 years. Cazenove, which could be worth
around o1.5 billion ($2.1 billion), is a niche outfit, but around half of
Britain,s top 100 companies are clients of the firm.
				See article: Cazenove goes publicE+

				Cr,dit Agricole, a mutually owned French bank, stepped in to help Lazard, an
investment bank, rid itself of an unwanted shareholder, Vincent Bollor,. He
sold a 31% stake in Rue Imp,riale de Lyon, one of the holding companies for
Lazard shares, to Cr,dit Agricole for FFr3.9 billion ($500m). Investors have
been attracted by the discounted value of the holding companies, compared
with the bank,s asset value; but they now want an unwinding of its
labyrinthine ownership structure.
				See article: Lazard,s new structure

				Nomura, through its Principal Finance Group, is planning to lead a consortium
that will pay Deutsche Bahn, Germany,s state-owned railway, DM7.6 billion
($3.3 billion) for 114,000 flats. The Japanese securities firm will then
securitise the rental income from the properties.

				Cooling down

				[IMAGE]

				America,s economy seems to be cooling. Revised figures for the third quarter
showed GDP growing at 2.4% (rather than 2.7%), the slowest for four years.
The Conference Board,s index showed that consumer confidence in November was
at its lowest for more than a year. And durable-goods orders fell by 5.5% in
October, after rising by 2.4% in the previous month. America,s high-tech
Nasdaq stockmarket had another bad week, falling to just above 2,700, its
lowest level for more than a year.

				Growth slowed in both France and Germany. French GDP growth in the third
quarter was 2.7 % at an annual rate, compared with 3.3% in the second
quarter. Germany,s growth slackened off even more strikingly, to 2.3% at an
annual rate compared with 4.6% in the previous quarter.

				[IMAGE]
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Check out the poll at this URL regarding how folks feel about rate increases.

Best,
Jeff

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/21/M
N114450.DTL


-----Original Message-----
From: Jeffrey Watkiss [mailto:dwatkiss@bracepatt.com]
Sent: Monday, January 08, 2001 4:37 PM
To: sbishop@gibbs-bruns.com
Subject: Additional Material on Exclusive Jurisdiction

Attached is FERC Chairman Jim Hoecker's conurrence with the FERC's December
15 order in the SDG&E complaint case.  Note the discussion on page 11 where
he asserts very broad jurisdiciton to order refunds and address any unlawful
behavior by sellers under section 309 of the Federal Power Act.

 - HOECKER.wpd


Just wanted to wish you a good day.? Hope it goes (or went) well!!? Keran


call me when you get in please. I have a couple of questions on this.

BT

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 05, 2001 4:36 PM
To:	Tycholiz, Barry
Subject:	FW: San Juan Wellhead proposal

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 05, 2001 3:35 PM
To:	'htebs@huber.com'
Subject:	San Juan Wellhead proposal

Please find the attached LOI.  See if it meets with your understanding of the deal.  The document is non-binding but will serve as a framework for the actual agreements.  I will send you draft versions of the other documents on Monday.

Have a great weekend!

 << File: HuberSan Juan LOI.doc >>


Dear Dynegydirect Customer:

Dynegydirect is now available.  You may log back on at your earliest
convience.

We appreciate your patience.

Sincerely,

DYNEGYdirect e- care
Customer Support
Dynegy, Inc.
Ph: (877) 396.3493   Fx: (877) 396.3492
Email: ecare@dynegydirect.com


Vince-

I spoke with Tom, and I completely agree and would like to hand all this EOL
stuff over to you.

We need a Sun server to take over the task. As it happens Martin Lin has one
in his office he's not using and up to the task. His box could serve SAS to
Enron, as well as handle listening in on the EOL feedds and maintaining its
database.

Martin's box technically belongs to EBS, but I think they are downsizing and
wouldn't mind giving it up.

In this way, you would have complete physical and administrative custody over
the data and any work you do with it. I needn't be involved, and you can know
your work is completely confidential.

I'll make SAS and the EOL software available, as well as the necessary RAM
the server, at no charge. You just need to summon up some SysAdmin resources
to finish the job. There is a fine Unix guy named Ben Thompson who will
support you, I'm sure.

Task:

1) Upgrade RAM on Martin's server
2) Install newest Solaris OS on server
3) Install Tibco and GNU software on server
4) Install SAS on server

Clayton


Start Date: 4/15/01; HourAhead hour: 17;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041517.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 17 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_LUCKY
  ENGY_TYPE: WHEEL

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 17 / Preferred: 111.89 / Final: 111.89)
  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  SC_ID: EPMI


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/12/2001
12:14 PM ---------------------------

"Matt Lenhart" <mlenhart@houston.rr.com> on 04/11/2001 06:00:57 PM
To: <matthew.lenhart@enron.com>
cc:

Subject:

?
 - Rap - Rapping Duke - Da Ha Da Ha.mp3