Please see this week's Inside FERC for stories titled, "Wood Insists Enron Exercised 'No Undue Influence' at Commission." (p.1), "Federal Agencies Preparing for Alaska Pipeline Certificate Request" (p.1), and "Dienstbier 'Minding the Store,' Plotting Strategy at Northern Natural" (p.3).
Please see today's Gas Daily for stories titled, "AGA Sets R&D, Pipeline Safety as 2002 Priorities" (p.4), and "Enron Name Change Not 'In the Works' Spokesman Says" (p.5).
_______________________________
Pipelines, power keeping Enron afloat through bankruptcy
Associated Press, 02/22/2002

USA: U.S. FERC admits 25 contacts with Enron officials.
Reuters English News Service, 02/22/2002

Paper - Nuon interested in taking over from Azurix .
Business News Americas, 02/22/2002

BG India E&P, LNG Invest To More Than Double Over 3-5 Yrs
Dow Jones Energy Service, 02/25/2002

SINGAPORE: Enron Japan's creditors may be left empty-handed.
Reuters English News Service, 02/25/2002

Enron Got $1.2B In Loans From US Agencies For Pwr Plants
Dow Jones Energy Service, 02/24/2002

UK's BG CEO To Raise Field Mgmt Row With India Govt Tue
Dow Jones Energy Service, 02/25/2002

Senate Prepares to Take Up Broad Energy Legislation
Dow Jones Business News, 02/24/2002

California Governor Considers Delaying Phasing Out Gas Additive MTBE
Dow Jones Business News, 02/22/2002
**********************************************************
Pipelines, power keeping Enron afloat through bankruptcy
By KRISTEN HAYS
Associated Press Writer

02/22/2002
Associated Press Newswires
Copyright 2002. The Associated Press. All Rights Reserved.

HOUSTON (AP) - Enron Corp.'s pipelines may not be as sexy as the company's self-touted ability to create lucrative commodity markets, but they aren't bankrupt.
Pipelines and power plants are the company's main source of steady income these days. They also will be at the core of the humbled Enron that officials hope will emerge - with a new name - from the largest bankruptcy in history.
"It's going to be an uphill battle in persuading the creditors that it's a reorganizable platform," restructuring specialist Stephen Cooper, Enron's interim chief executive, said in a voicemail Friday to employees.
"We've got a tremendous sales job in front of us," Cooper said.
Earlier this month Swiss investment bank UBS Warburg launched a new trading operation, UBS Warburg Energy, with a work force comprised mostly of about 625 former Enron traders and support staff. UBS Warburg paid nothing up front for what used to be the source of most of Enron's income but agreed to give Enron 33 percent of the new organization's profits.
Enron agreed before filing for bankruptcy in December to sell its Portland General Electric Co. utility to Portland, Ore.-based Northwest Natural Gas Co. The utility will remain a revenue generator for Enron until the sale closes in the third or fourth quarter this year.
Enron is trying to unload money-losing ventures, such as its broadband unit with its 18,000-mile fiber optic network. This week the company sold its wind power subsidiary to General Electric Co. for an undisclosed price, and its oil and gas assets in India to Britian's BG Group PLC for $350 million.
While Houston-based Dynegy, Inc. last month acquired Enron's largest asset, the 16,500-mile Northern Natural Gas pipeline, Enron still operates 11,000 miles of other pipelines in the U.S. that aren't part of its bankruptcy, spokesman John Ambler said.
He said the company has yet to decide what to sell among its international power, oil and gas assets, but operations in Brazil and Bolivia are the most likely keepers, he said.
"These are ongoing operations that are not party to the bankruptcy and they are all bringing in good returns and cash flows," Ambler said.
John McCormack, senior vice president and head of the energy practice at New York corporate financial advisor Stern Stewart & Co., said Friday Enron creditors stand to get more cents on the dollar if they accept equity in those assets with the reorganized company.
"I have no doubt that there are significant pieces of Enron businesses that are worth a lot more alive than dead," McCormack said.
Anthony Sabino, a bankruptcy professor specializing in oil and gas law at St. John's University School of Law, said the pipelines and power operations may appear pitiful next to the billions of dollars in debt owed to Enron's 800-plus creditors. But they are steady.
"It may not be flashy, but that's good money that comes in month after month," Sabino said. "Chances are creditors will go for something like cash up front, some payments over time and probably a lot of equity in the newly reorganized company."
A key element to Enron's survival is whether workers at those operations stick with the company through bankruptcy.
Enron officials Friday presented a plan to pay retention bonuses and severance packages to current employees to the creditors committee, according to Cooper's voicemail. If approved, he said the plan will later be presented to U.S. Bankruptcy Judge Arthur Gonzalez.
"At the moment I can't make any assurances relative to ongoing employment, and certainly there's nothing I can do to replace what many of you have lost," Cooper told employees.
Enron imploded last year amid revelations of accounting abuses and financial partnerships used to hide debt and inflate profits. More than one-fifth of the company's workforce of 25,000 abruptly was laid off, and workers with 401(k) accounts loaded with Enron stock evaporated when shares dropped to less than a dollar.
In addition to a new name - which has yet to be determined - Enron is planning to find new digs in the next year or two to match its pared-down needs, Enron spokesman Mark Palmer said.
Enron leases the 50-story glass tower in downtown Houston that houses its headquarters. The company owns, and has for sale, a new $200 million, 40-story glass tower across the street, Palmer said. UBS Warburg Energy is leasing two trading floors in the new building.
Enron's Houston workforce dwindled to less than 3,000 after 4,500 workers were laid off after the bankruptcy filing and others have since quit. That leaves a lot of empty space on near-empty floors, Palmer said.
Enron isn't shopping for smaller offices yet but Cooper said remaining workers will soon be consolidated.
"We can all be together, and people aren't going to be lonely and hanging out there occupying little spaces on big floors," he told workers.

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

USA: U.S. FERC admits 25 contacts with Enron officials.

02/22/2002
Reuters English News Service
(C) Reuters Limited 2002.
(Refiles with new slug, previous UTILITIES-FERC-ENRON)
By Chris Baltimore
WASHINGTON, Feb 22 (Reuters) - Under fire from U.S. lawmakers for being too cozy with Enron Corp. , the Federal Energy Regulatory Commission (FERC) said in a letter released on Friday that its commissioners and senior staff members had contact 25 times with the bankrupt company's executives between August 2000 and June 2001.
The meetings did not include new FERC Chairman Pat Wood, who is facing criticism that he was too close to the bankrupt energy giant.
Deflecting criticism, Wood denied that Enron "has had any undue influence on the decision-making process" at FERC.
"The agency's decisions have not been compromised or otherwise improperly shaped" by Enron contacts, he wrote in a letter to California Senator Barbara Boxer made available on Friday.
Enron, once the seventh-largest U.S. corporation whose stock was a Wall Street darling, spent lavishly on lobbyists who championed restructuring legislation.
Former Enron Chairman Ken Lay urged President George W. Bush to appoint Wood to his current position. Enron also backed Wood's previous appointment as the head of the Public Utility Commission of Texas.
Rep. Henry Waxman of California has also asked Wood to disclose his Enron contacts. Last week, Democratic Rep. Bill Pascrell wrote to urge Wood to resign.
The time period of Boxer's inquiry "effectively predates my tenure," Wood wrote, pegging his arrival at the agency on June 5, 2001. Wood became chairman in September.
Wood's letter was in response to a request Boxer made on January 31. In a response to Wood's letter, Boxer said that "decision makers at FERC were wined and dined by Enron both in Washington and Texas in an obvious effort ... to control all aspects of America's energy policy."
NUMEROUS MEETINGS CITED
As evidence, Boxer pointed to numerous meetings between Enron officials and FERC staff, including FERC commissioners Linda Breathitt and William Massey, both Democratic nominees to the commission, and senior FERC officials.
Republican Nora Brownell, also a target of criticism for her support of electricity deregulation while a Pennsylvania utility commissioner, reported no Enron contact.
In the letter, Wood described various meetings with Enron officials to discuss electricity deregulation and other issues, and some FERC officials toured Enron's trading floor in Houston.
During the period in question, Boxer accused FERC of sitting idly by while power shortages swept the state, leading to blackouts and soaring power bills for consumers.
Ironically, Wood and Brownell voted to support price limits on the California market, a position opposed by Enron and Curt Hebert, the previous FERC chairman.
Boxer also said FERC officials could have violated the Administrative Procedure Act and its own ethics guidelines which restrict contact between federal officials and industry representatives involved in contentious issues.
Wood said that one of his first acts as chairman was to order ethics training for all FERC staff, and said he has "stressed strict compliance with the Federal government's ethics rules," including the Administrative Procedure Act.
Responding to Boxer's statement, a FERC spokesman denied any improper actions by any agency officials. "What is not permitted is to talk to a company about a contested or on-the-record proceeding and to my knowledge we have played by the rules," he said.
"We would be remiss in our duties if from time to time the regulators didn't talk to one of the largest owners of gas pipelines in the United States," he said.
Wood has had three contacts with Enron officials while at FERC, including a call from Enron's Lay on Nov. 11, which he did not return, the spokesman said. Lay made the call two days after Enron agreed to be acquired by Dynegy Inc. for $9 billion, a deal Dynegy later scuttled.
FERC said its contact with Enron included:
* Linda K. Breathitt, commissioner: met five times with Enron executives including Rick Shapiro, Enron's managing director of government affairs. Discussion included general electricity deregulation, regional transmission organizations, transmission access issues and tariff reform
* Daniel L. Larcamp, director of markets, tariffs and rates: met five times with FERC officials, including former Enron chief executive Jeff Skilling; toured Enron trading floor twice in July and December 2000, met with Stan Horton of Enron Pipeline Group, Shapiro.
* William Massey, commissioner: met six times with Enron officials, including Stan Horton (then also serving as chair of the Gas Industry Standards Board), and Eugene Lockhart, president of Enron unit New Power Co.; "perhaps" had telephone call with Skilling.

Paper - Nuon interested in taking over from Azurix .

02/22/2002
Business News Americas
Copyright 1996 - 2002 Business News Americas (BNamericas.com)
Azurix Corp.AZXNuon
Dutch energy and water company Nuon could take over from Argentina's Buenos Aires province waterworks concessionaire Azurix BA, when the latter's contract ends March 2, according to Argentine paper El Cronista citing unnamed Azurix sources.
A Nuon spokesperson neither confirmed nor denied the reports when contacted by BNamericas. The spokesperson did not comment further, and said the company is not aware of the press report.
An announcement is expected in the coming days regarding the future of the province's waterworks services, and until a definite course of action is taken, the province will take over as service provider. Azurix was to have stepped down January 2.
Azurix is asking US$150mn-200mn in compensation, of the US$438mn concession rights it paid in advance and another US$100mn in investments and operational issues.
Azurix , which has been plagued with quality and service related problems, began its 30-year concession to serve 2.5 million residents of 49 districts in 1999, but called short its tenure due to the province's alleged "serious breaches" of concession terms.
http://www.bnamericas.com
Copyright 1996 - 2001 Business News Americas (BNamericas.com).

BG India E&P, LNG Invest To More Than Double Over 3-5 Yrs

02/25/2002
Dow Jones Energy Service
(Copyright (c) 2002, Dow Jones & Company, Inc.)
SINGAPORE -(Dow Jones)- U.K. oil and gas company BG Group PLC (BRG) will more than double its investment in India over the next three to five years, the company's Indian unit said Monday.
BG will raise its investment to US$1.3 billion from the estimated US$500 million it currently holds, targeting the upstream oil and gas sector and the liquified natural gas business.
BG is expanding its presence in India through its Indian unit - British Gas India Pvt.
It recently acquired Enron Corp.'s (ENRNQ) upstream oil and gas assets for US$350 million and is developing an LNG import terminal at Pipavav port in the western Indian state of Gujarat.
BG also holds stakes in two Indian gas distribution companies. It is a majority stakeholder in Gujarat Gas Company Ltd. (P.GCC) and joint venture partner in Mahanagar Gas Ltd. holding 50% equity.
Separately, a BG India spokesman said the company is expected to drill its first exploratory well in the CB-OS/1 block offshore Gujarat this week. BG will drill a further two exploratory wells on the CB-OS/1 block.
BG plans to invest about US$18 million in the CB-OS/1 exploration block by November this year.
BG acquired Enron's 62.64% interest in the CB-OS/1 block last year as part of its US$350 million deal for Enron's 30% stake in the Tapti gas field and Panna-Mukta oil and gas fields offshore Gujarat.
Although BG finalized earlier this month a renegotiated deal to buy Enron's upstream oil and gas assets in India, its dispute with state-owned Oil & Natural Gas Corp. (P.ONG) over who will manage the offshore fields remains unresolved.
-By Sri Jegarajah, Dow Jones Newswires; 65-415-4066; sri.jegarajah@dowjones.com

SINGAPORE: Enron Japan's creditors may be left empty-handed.

02/25/2002
Reuters English News Service
(C) Reuters Limited 2002.
SINGAPORE, Feb 25 (Reuters) - Creditors to Enron's Japanese units could be left in the cold as the company's assets may cover little more than the cost of liquidation, a source said Monday.
Creditors will meet with the administrator of Enron assets on March 27 to find out what, if any, money will be repaid, a source involved in the liquidation process told Reuters by telephone from Tokyo.
"After that meeting the distribution of the assets to creditors would occur, if there are any. But the prospects are not great. There are not many assets," the source said.
Creditors to Enron Japan Corp are seeking around three billion yen ($22.4 million), the source said.
Enron Japan and three other Japanese affiliates of the former U.S. energy giant filed for bankruptcy in early December, one week after the parent company filed for largest bankruptcy in U.S. history.
The other units are Enron Japan Marketing Corp, Enron Japan Funding Corp and E Power Corp.
The company's 70-to-80 employees have one month's salary, or about 60 to 70 million yen ($449,000 to $523,000) coming to them.
"The employee claims for salary and bonuses take first priority," the source said.
Enron's Japanese assets consist of mostly office equipment and a modest bank deposit, with the value of the company's office lease worth little more than the cost of termination, the source said.
"The costs to close the office could exceed the overall assets," the source said.
The value of Enron Japan's assets will be revealed at the creditors meeting.
The source said Enron's Japanese trading system cost about two billion yen ($15 million) to build, but cannot be sold to generate cash.
"The trading system can't be sold because it is based on the U.S. system, and they have not given their approval for its sale here in Japan," the source said.
Enron established a foothold in Japan in 1999 and operated various trading and marketing units in the energy and commodities industries.
The company had announced plans to build large thermal power plants at four different sites in Japan, but those projects did not leave the drawing table.
($1=133.75 yen).

Enron Got $1.2B In Loans From US Agencies For Pwr Plants

02/24/2002
Dow Jones Energy Service
(Copyright (c) 2002, Dow Jones & Company, Inc.)
WASHINGTON (AP)--As Enron Corp. (ENRNQ) reached for markets overseas, power plants it helped build from Guatemala to India received $1.2 billion in government-backed loans from two U.S. agencies.
The Overseas Private Investment Corp. still is owed $453 million from the Enron-related projects while the Export-Import Bank is due $512 million.
"They're definitely among our top 10 borrowers," OPIC spokesman Larry Spinelli said.
Though Enron is now bankrupt, four of its projects financed by OPIC are making its payments on time. Regarding a fifth project, Enron and two other U.S. corporations are seeking to have OPIC pay off a huge insurance claim.
When it filed for bankruptcy in December, Enron was pursuing OPIC help on two more projects in Brazil. Those applications have been abandoned.
Enron's relationship with the government is part of a two-pronged business strategy. Inside the U.S., Enron has sought to free energy companies from government regulation. Internationally, Enron has embraced Washington's help in the form of federally backed loans and insurance protection.
The irony is not lost on congressional critics.
OPIC "gave hundreds of millions of dollars in loans and other support to Enron-related projects during the Clinton administration," said Sen. Charles Grassley, the ranking Republican on the Senate Finance Committee who recently obtained records showing Enron-related projects received $544 million in loans from OPIC.
Separately, the Ex-Im Bank made more than $650 million in loans to Enron-related projects overseas.
"These projects obviously were a tremendous benefit to Enron's operation. The disclosure of this information sheds light on the government's actions in support of Enron over the years," Grassley added.
Enron's bankruptcy does not place the loans in jeopardy. Separately created corporations handled the overseas projects for Enron and other U.S. companies.
OPIC and Ex-Im loans are backed with the full faith and credit of the U.S. government.
Though it has just 200 employees, OPIC has deep pockets - a $4 billion reserve that comes from the user fees U.S. businesses pay for its loans and insurance. OPIC operates at no net cost to U.S. taxpayers - the business fees cover its costs - and earned $215 million last year.
OPIC's loan and insurance portfolio totals $14 billion; the Ex-Im Bank's portfolio exposure is $62 billion.
A financially troubled Enron plant in India - financed in part with OPIC loans - is cited by congressional critics who say the company has gotten too much government help.
OPIC provided $160 million to Enron and two other corporations to help build the $2.9 billion Dabhol plant. It now stands idle because prospective customers do not want the power.
The Ex-Im bank says it is still owed $203 million on the India project, but that it can call on guarantees from five Indian financial institutions for repayment if necessary.
Enron and the other two companies filed an insurance claim in December asking OPIC to pay $200 million. The claim is based on "political risk insurance" bought at the outset of the Dabhol project.
The companies say the Indian government has broken promises to stand behind the project, in effect denying the U.S. corporations their asset and therefore requiring OPIC to pay the insurance policy.
The claims process will take months to resolve.
The other four Enron projects that got OPIC money are operating successfully and are paying back their loans in a timely fashion. The payback comes from the revenue coming into the operating power plants.
Those power plants are in the Philippines, Turkey, Venezuela and Guatemala. The Ex-Im Banks Enron-related projects are in Colombia and at the same plants that OPIC is helping in Turkey and Venezuela.
Enron's bankruptcy stopped two OPIC applications in their tracks: two power projects in Brazil that would have received $390 million in OPIC loans.

UK's BG CEO To Raise Field Mgmt Row With India Govt Tue

02/25/2002
Dow Jones Energy Service
(Copyright (c) 2002, Dow Jones & Company, Inc.)
SINGAPORE -(Dow Jones)- Frank Chapman, chief executive of U.K. oil and gas company BG Group PLC (BRG), will raise a dispute over the management of Enron Corp.'s (ENRNQ) recently-acquired Indian upstream assets when he meets Petroleum and Natural Gas Minister Ram Naik Tuesday, government and industry sources said late Monday.
"That should definitely come up," said a New Delhi-based Petroleum Ministry source, referring to BG's dispute with India's state-owned Oil & Natural Gas Corp. (P.ONG) on the management rights, or operatorship, of Enron's offshore oil and gas fields.
Earlier this month, BG finalized a renegotiated deal to buy Enron's 30% equity stake in the offshore Panna, Mukta and Tapti oil and natural gas fields located off India's western coast for $350 million.
However, BG's dispute with Oil & Natural Gas Corp. over who ultimately manages the offshore fields is still unresolved.
Under the new deal with Enron, BG said the management of the offshore oil and gas fields was no longer a precondition for the acquisition.
Although this represented a reversal from its previous position, when it insisted on managing the fields, BG said it wasn't bowing out of the management race.
A BG India spokesman said Chapman would arrive Tuesday for a two-day visit, but stressed that the talks would address broad areas.
"There's no definite agenda. The purpose of the visit is to meet people in the government, BG India staff and top-ranking officials in different companies to talk about current investments and future plans," the spokesman said.
A source close to BG said the management rights issue would be addressed in an "appropriate forum," but was unable to elaborate.
"I'm sure it (the management dispute) is going to come up in various meetings, but it wouldn't be correct to label his (Chapman's) visit purely on that basis," the source said.

A spokeswoman at BG's U.K. headquarters in Reading said the company held "ongoing discussions" with BG's joint venture partners Oil & Natural Gas Corp. and Reliance Industries Ltd. (P.REL) on the management rights issue.
She couldn't comment on the status of the discussions as talks were "commercially confidential."
Although Oil & Natural Gas Corp. is eager to clinch the management, the company remained open to alternative offers. BG has offered cash and equity stakes in upstream acreages overseas to Oil & Natural Gas Corp. to secure the management rights, but the latter has rejected these offers.
Friday, India's Financial Express reported BG "will shortly be making a final offer" to its joint venture partners Oil & Natural Gas Corp. and Reliance Industries to take over the management of the Mukta, Panna, and Tapti oil and gas fields. BG declined to comment on the report.
BG is expanding its presence in India through its Indian unit - British Gas India Pvt. The company is developing an LNG import terminal at Pipavav port in the western Indian state of Gujarat.
BG also holds stakes in two Indian gas distribution companies. It is a majority stakeholder in Gujarat Gas Company Ltd. (P.GCC) and joint venture partner in Mahanagar Gas Ltd. holding 50% equity.
-By Sri Jegarajah, Dow Jones Newswires; 65-415-4066; sri.jegarajah@dowjones.com

Senate Prepares to Take Up Broad Energy Legislation

02/24/2002
Dow Jones Business News
(Copyright (c) 2002, Dow Jones & Company, Inc.)
Associated Press
WASHINGTON -- The Senate is ready to take up broad energy legislation that has caused splits over drilling in Alaska's Arctic National Wildlife refuge, automobile gas mileage, and electricity competition in the shadow of Enron Corp.'s collapse.
Debate expected this week comes nine months after President Bush outlined his plan to increase the nation's energy supply by expanding oil and gas drilling on public land, particularly in ANWR, and rejuvenating nuclear power.
The House passed its version, but in the Senate, majority Democrats have offered legislation that relies more heavily on conservation.
The crisis atmosphere has all but disappeared: Energy prices are low, and supplies are plentiful. The urgency to act may have lost steam, say lawmakers and lobbyists.
President Bush, in a weekend push to promote his plan, dismissed claims that it focuses too much on fossil fuel production and not enough on conservation and renewable energy sources such as wind and solar.
"Conservation technology and renewables are important. Yet they alone cannot solve our energy problems," he said in his weekly radio address.
During his recent trip to Asia, Mr. Bush stopped in Alaska, where he again stressed the need to drill for oil in ANWR. The idea won mention in his Saturday broadcast, with the president saying drilling can go ahead without hurting the environment, while also providing jobs.
Environmentalists have pledged to protect ANWR, and some Senate Democrats say they will stall energy legislation if Republicans press the refuge drilling issue -- as most expect them to do.
Senate Majority Leader Tom Daschle (D., S.D.), has offered a broad proposal that senators probably will consider this week.
"We have a real opportunity here," Mr. Daschle said Sunday on ABC's "This Week."
"There are some big differences between what the Republicans are proposing, which is really the policies of the past, and what the Democrats are proposing, which is a real look to a future for energy policy that is vastly different and exciting."
At least two weeks of debate are predicted.
There are "a lot of ways ... this legislation might go off the rails," said Sen. Jeff Bingaman (D., N.M.), a principal architect of the Democratic bill.
The House bill, strongly endorsed by Republicans and the White House, tilts toward expanding energy production and would allow ANWR exploration. It also offers billions of dollars in tax subsidies to producers.
Senate Democrats reject drilling in the refuge and emphasize conservation: sharp increases in fuel economy for automobiles, tougher federal energy efficiency standards and greater support for renewable fuels and natural gas, as opposed to oil.
Tax breaks in the Democratic proposal -- about $16 billion worth, or roughly half of what the House has offered -- lean more toward conservation and renewable fuel sources as opposed to the oil, gas and nuclear industries focused on in the House version.
Sen. Frank Murkowski (R., Alaska), says drilling in the refuge is essential to lessen U.S. dependence on foreign oil. He plans an amendment that would give oil companies access to the refuge's coastal plain, where billions of barrels of oil might be available.
Sen. Murkowski says he has the majority needed to get it passed, but -- at least not yet -- the 60 votes needed to overcome a sure filibuster.
Other issues also could scuttle a potential compromise:
-- Automobile mileage. A Democratic proposal would increase fuel economy by 30%, to an average of 35 miles per gallon by 2013, and remove lower standards now given to sport utility vehicles. Currently, new automobiles are required to meet a fleet average of 27.5 mpg and SUVs and minivans 20.7 mpg.
-- Ethanol. Farm interests and the oil industry are fighting over whether to increase the use of corn-based ethanol as a motor fuel by establishing a "renewable fuels" requirements for gasoline.
-- The $16 billion in tax breaks over 10 years. A Democratic version would give more of the money to conservation. Republican proposals tilt toward helping producers.
-- Electricity competition. With Enron's bankruptcy fresh in their minds, senators will consider how much say the federal government should have over siting transmission lines, managing power grids and monitoring the business practices of large energy holding companies.
The bill Mr. Daschle is introducing may attract more than 200 amendments.
"The big question is whether along the way the bill gets killed because it's just too big and cumbersome," says Dan Becker of the Sierra Club. "The conventional wisdom is that this is a bill that's just too heavy to fly."
With so many contested issues, David Owens of the Edison Electric Institute thinks the bill will bog down.
The Edison group's member utilities want repeal -- as the bill provides -- of a Depression-era law that restricts the activities of utility holding companies.
Since the Sept. 11 attacks, Republicans have stepped up the argument that more domestic oil production is needed to enhance national security by reducing America's reliance on Middle East oil.
Drilling foes counter that the refuge doesn't hold enough oil to reduce imports significantly and that tougher fuel economy standards for vehicles would go further in lessening U.S. dependence on foreign sources.
While Congress works on the legislation, its investigative arm has sued Vice President Dick Cheney to force the release of industry figures who met with his task force as its developed the administration's energy plan.
The White House has refused to hand over the information, contending that doing so would encroach on the president's ability to get candid views from people outside government.
Copyright (c) 2002 Dow Jones & Company, Inc.

California Governor Considers Delaying Phasing Out Gas Additive MTBE
By Alexei Barrionuevo

02/22/2002
Dow Jones Business News
(Copyright (c) 2002, Dow Jones & Company, Inc.)
Staff Reporter of The Wall Street Journal
SACRAMENTO, Calif. -- California Gov. Gray Davis said he is considering delaying a ban on MTBE and would make a final decision within the next 40 days.
The governor's comments, first made at a press conference on Thursday, follow the release earlier this week of an outside economic analysis that contends the state could face "prolonged shortages" of gasoline and severe price spikes if it goes through with a plan to replace MTBE with ethanol. MTBE, a petrochemical, is also known as methyl tertiary-butyl ether.
A spokesman for the governor told The Wall Street Journal on Friday that Gov. Davis hopes to decide in the next 40 days whether to delay the ban until 2005. The governor is concerned the state needs more time to put in place the infrastructure it needs to store and ship the ethanol into California from the Midwest, where most of the country's ethanol is produced, the spokesman said.
A report by Stillwater Associates, an oil-refining consulting firm, recommended delaying the switchover until November of 2005 to give the state adequate time to increase gasoline supplies. The report, presented to the California Energy Commission on Tuesday, said California lacked storage tanks and fuel terminals, particularly in Southern California, that could handle an influx of imported gasoline to make up a gasoline shortage expected to be as great as 5% to 10% of demand.
The consulting firm suggested restarting idle refining capacity, extending a Texas gasoline pipeline to Phoenix and building more fuel terminals and tank capacity in both Northern and Southern California.
Gov. Davis ordered a ban on MTBE in 1999 because of concern that it contaminates groundwater. A federal mandate requires the country's most heavily polluted regions to add oxygenates like MTBE and ethanol to gasoline to reduce pollution. After ordering the ban, Gov. Davis, a Democrat, requested a waiver from the 1990 Clean Air Amendments requiring most states' gasoline to include a certain percentage of oxygenates. Both ethanol and MTBE are blended into reformulated gasoline to make it burn more cleanly, reducing smog. Gov. Davis contends studies show that the state's refiners can meet clean-air requirements without using any oxygenate.
But the U.S. Environmental Protection Agency rejected the governor's waiver request last year. That has left the state with only one alternative to MTBE -- ethanol. Given California's dependence on cars, the state would need 580 million gallons of ethanol a year, or one-third of total U.S. production. Gov. Davis on Thursday blamed "politics in the Midwest" for the rejection of California's waiver request.


Khymberly,

I am forwarding you a resignation letter from C. Supatgiat.
Thanks for your help today.

Vince

 -----Original Message-----
From: 	Supatgiat, Chonawee
Sent:	Tuesday, January 08, 2002 3:51 PM
To:	Kaminski, Vince J
Subject:	resignation letter

Dear Vince,

I hereby give notice of my intention to leave my position as a research manager at Enron Research group. My last day with Enron is on January 8, 2002.

I would like to thank you for allowing me to be a part of your great team. I want to thank you for all that you have done for me during my time here. It has been a pleasure to work with you.

If there is anything I can do to assist the smooth transition of responsibilities, please do not hesitate to contact me. I can be reach at 713-320-5473, 713-796-1437, and chonawee@umich.edu

Yours sincerely,

Chonawee Supatgiat


Here's the current redline, incorporating most of the comments made last
week.

Herman, the language to address your biggest issue is in 2.3, page 7 on the
marked version.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 08/29/2000 09:51
AM ---------------------------

"David Parr" <dparr@bracepatt.com> on 08/28/2000 01:12:54 PM
To: <heather.kroll@enron.com>, <kay.mann@enron.com>, <ozzie.pagan@enron.com>
cc: "Nancy Wodka" <nwodka@bracepatt.com>

Subject: Enron/VEPCO

Attached please find the latest version o fthe VEPCO agreement.  I have also
attached a version that has been processed through CompareRite against Kay's
August 15th version.

Feel free to call Nancy with questions and comments on 202-828-5862.

D. David Parr, Jr., Esq.
Bracewell & Patterson, L.L.P.
2000 K Street NW, Suite 500
Washington, D.C.  20006-1872
202-828-5800 Telephone
202-857-2122 Facsimile

 - CLEAN VEPCO PPA.doc
 - COMPARERITE VEPCO PPA.rtf


Background information.  I'd like to talk to Ken about making the call. . .
I'll see him at Exec comm today.
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/14/2000 08:54
AM ---------------------------

Richard Shapiro
08/10/2000 06:11 PM
To: Steven J Kean/HOU/EES@EES
cc: Chris Long/Corp/Enron@ENRON
Subject: CFTC Reauthorization

I agree w/ chris's recommendation- you too?
---------------------- Forwarded by Richard Shapiro/HOU/EES on 08/10/2000
06:10 PM ---------------------------

Chris Long@ENRON
08/10/2000 05:12 PM

To: Mark E Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES, Mark Taylor/HOU/ECT@ECT, Joe Hillings/Corp/Enron@ENRON,
Cynthia Sandherr/Corp/Enron@ENRON, Tom Briggs/NA/Enron@Enron
cc: raislerk@sullcrom.com, Allison Navin/Corp/Enron@ENRON
Subject: CFTC Reauthorization

At his request, I met Lee Sachs, Assistant Treasury Secretary, who had
requested the meeting after a brief conversation recently.  Lee said that
senior-level negotiations led by Secretary Summers were initiated last week
between the CFTC and SEC and that progress was being made on the single stock
futures issue (the major issue postponing movement of the legislation).

As you know, the House completed committee work on HR 4541 before it
recessed.  The bill will now is pending before the Rules Committee where
differences will be worked out between the three different Committee versions
(Agriculture, Commerce, and Banking).  The Senate Agriculture Committee
passed out the Senate version in July.  However, the bill is not moving
quickly in the Senate due to Senator Phil Gramm's desire to see significant
changes made to the legislation (not directly related to our energy
language). Last week at the Republican Convention, I asked the Senator about
the bill and he said they were working on it, but much needs to be changed
for his support.  More telling perhaps, were Wendy Gramm's comments that she
would rather the current bill die if a better bill can be passed next year.
What this means is that we must, at the least, remove Senator Gramm's
opposition to the bill to move the process and more importantly seek to gain
his support of the legislation.

Lee Sachs message was just that.  I told Lee that we shared his desire to
move the legislation as long as it contains a full exclusion for all
non-agriculture commodities (including metals).  He said that we would have a
difficult time defending the metals provision politically. But, Lee said  "we
would not find Treasury opposition to the House Commerce Committee language"
(which includes favourable language on energy and metals).   This is a
positive development, because it isolates the CFTC from its key defenders and
I hope ensures no veto threat on our issues.  However, I do not expect
Treasury to be vocal in support of our position.  It is clear that
Congressional leaders and the Administration want to get this bill done this
year and there remains a good opportunity for enactment.

However, with less than 20 or so legislative days left, we need Senator Gramm
to engage.  A call from Ken Lay in the next two weeks to Senator Gramm could
be an impetus for Gramm to move his staff to resolve the differences.  Gramm
needs to fully understand how helpful the bill is to Enron.  Let me know your
thoughts on this approach.   I am prepared to assist in coordinating the call
and drafting the talking points for a Ken Lay/Sen. Gramm call.


We have ordered the searches, but not prepared filings.  Are you handling
the latter, or would you like us to do that, too?

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com

                    "Korkmas,
                    Deb"                 To:     <Lech.kalembka@cwt.com>
                    <Deb.Korkmas@        cc:     "Heard, Marie"
                    ENRON.com>           <Marie.Heard@ENRON.com>
                    Office:              Subject:     UCC Lien Searches

                    10/31/2001
                    06:16 PM

Marie Heard has requested that I forward the following company names and
jurisdictions for compiling UCC lien searches:

Dynegy, Inc. - Incorporated in Illinois; principal office in Houston,
TX.
Dynegy Marketing and Trade - a Colorado general partnership; principal
office in Houston, TX.
Dynegy Power Marketing, Inc. - Incorporated in Texas; principal office
in Houston, TX.

All of the following are incorporated in Delaware and have principal
offices in Houston, TX:

     Coastal Coal Company, LLC
     Coastal Gas Marketing Company
     Coastal Refining & Marketing, Inc.
     Coastal States Trading Inc.
     Dynegy Midstream Services, Limited Partnership
     El Paso Corporation
     El Paso Merchant Energy, L.P.

Thank you for your assistance.

Deb Korkmas, Senior Legal Specialist
Enron North America Corp.
1400 Smith Street, ECN 3834A
Houston, TX  77002
Phone:  713-853-5448
Fax:  713-646-3393

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at enron.messaging.administration@enron.com and delete
all copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

==============================================================================


---------------------- Forwarded by Susan M Scott/HOU/ECT on 12/07/2000 01:55
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Julie Gibson <julieg@qualcomm.com>
12/07/2000 11:45 AM

To: Whitworth 2nd Lt Brendan R <WhitworthBR@i-mef.usmc.mil>, Cynthia Stumbo
<cstumbo@marstonandmarston.com>, Cara Zolezzi <czolezzi@hotmail.com>,
"RobertHootGibson@compuserve.com" <RobertHootGibson@compuserve.com>,
"Rhea.Seddon@mcmail.vanderbilt.edu" <Rhea.Seddon@mcmail.vanderbilt.edu>,
Susan M Scott <Susan.M.Scott@enron.com>, wbond@ymca.org
cc:
Subject: FYI

this is cute!

 - RABBIT.jpg


Marlene:

The language is fine.  We will retain this as a template for Transactions
have an Optional Early Termination Date.  Please send the revised confirm(s)
to our desk.

Sara

	"Lue, Marlene P." <Marlene.Lue@bmo.com>
	12/20/2000 09:20 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: Right to Termination provision in Confirmation

As discussed, attached is the revised provision.

Marlene

-----Original Message-----
From: Sara.Shackleton [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, December 20, 2000 9:48 AM
To: Lue, Marlene P.
Subject: Re: Right to Termination provision in Confirmation

Marlene:

I'll call Lesley with my comments.

What is the second attachment called "Cancellable" relating to Captiva III
Finance CBO?
Sara

                    "Lue, Marlene

                    P."                  To:
"'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
                    <Marlene.Lue@        cc:

                    bmo.com>             Subject:     Right to Termination
provision in Confirmation

                    12/19/2000

                    04:10 PM

As per your discussions with Lesley Charkow, attached is our proposed
provision with the changes as discussed with Lesley.

We would appreciate your prompt response as a few Confirmations are pending
our agreement to this provision.

Best regards,

Marlene Lue
Bank of Montreal
Analyst, Treasury Credit
Ph:  (416) 956-2144
Fax:  (416) 956-2318
e-mail:  marlene.lue@bmo.com

 <<MKT-Out-CONFIRM'92.doc>>

(See attached file: MKT-Out-CONFIRM'92.doc)

 - MKT-Out-CONFIRM'92.doc


- execsummary.PDF


If anyone else in your area may want to attend, please forward.  Thanks.


Clearing Users Joint Application Development Conference November 16th and
17th.  Get the details in the Features section of Enron Net Works News.  You
will find this and more in the current issue of ENN at enn.enron.com.

NOTE:  In the event that you are unable to execute the above link, please
copy the link to the address line of your installed browser.


On Tuesday, Tucson filed a complaint against the Power Exchange and Governor
Davis, arguing that the FERC should render null and void the unconditional
transfer of SCE and PG&E's block forward contracts.  It argues that such a
transfer requires prior FERC approval under Section 203 of the Federal Power
Act and should be conditioned by FERC to protect the public interest.  It
also argues that FERC should order the PX to enforce its tariff, by requiring
the PX to immediately collect from PG&E and SCE all monies due for wholesale
sales to date.


Please work with Stacey and Donny Vinson to credit New Albany LLC with the 492k.

 -----Original Message-----
From: 	Vos, Theresa
Sent:	Wednesday, June 13, 2001 8:21 AM
To:	Zisman, Stuart
Cc:	Presto, Kevin M.
Subject:	RE: New Albany

Using 8% the adjustment for May year-to-date would be $492K instead of $218K

theresa

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Tuesday, June 12, 2001 6:52 PM
To:	Vos, Theresa
Cc:	Presto, Kevin M.
Subject:	FW: New Albany

I just spoke with Kevin and he is certain that his deal on the interest was 8%.  What would the additional adjustment be if the interest were reset to 8% (as opposed to 8.5%)?  Would it be an additional adjustment of $218,000?  Please let me know so that Kevin can broach the issue with John.

Stuart

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Tuesday, June 12, 2001 6:26 PM
To:	Zisman, Stuart
Subject:	RE: New Albany

I understand and agree with everything, except 8% was the agreed upon interest rate as noted on the economic runs which establised the demand payment between my book and New Albany, LLC.   It is clear that 8% was the agreed upon rate and the true-up needs to be from 9% to 8%.

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Tuesday, June 12, 2001 5:56 PM
To:	Presto, Kevin M.
Subject:	FW: New Albany

I think this provides you with the information that you will need to present your case to Lavorato.  Let me know if you need anything else.

Stuart

 -----Original Message-----
From: 	Vos, Theresa
Sent:	Tuesday, June 12, 2001 5:48 PM
To:	Zisman, Stuart
Cc:	Pierce, Jody
Subject:	RE: New Albany

Stuart -

The approx $6MM of capital improvements were spent January thru June 2000.  The effect is an additional $1.2MM a year of depreciation for 2001.  I am not sure what Kevin is looking at, but Jenny's 2001 Plan had $17.4MM and we are currently forecasting $17.3MM for 2001.

With regard to the Capital Charge issue.  The interest rate that we were told to use by Delainey was 9% - we have since found out that Lavo is using 8.5% - therefore, in June we will credit the New Albany project with $218K of interest.  Again, Jenny's plan showed $11.8 and the 2001 forecast is $11.8(using 8.5%).  The estimate using 8% is $10.7MM.

Finally, there is only $54K remaining in New Albany's major maintenance account.  We stopped booking a per start accrual sometime last year on all of the Peakers since none of the plants except New Albany were using the reserve.  If my memory serves me correctly, Kelley Huntley and Jenny Latham met with Jody, myself and Scott Chambers in OEC to make this decision - and Jenny discussed it with Kevin.  There was nothing planned for major maintenance.

Please feel free to forward this on to Kevin so that he and Lavorato can resolve these issues.  Let me know if you or Kevin need any additional information regarding New Albany.

theresa
x58173

 -----Original Message-----
From: 	Pierce, Jody
Sent:	Tuesday, June 12, 2001 1:49 PM
To:	Vos, Theresa
Subject:	FW: New Albany

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Tuesday, June 12, 2001 8:48 AM
To:	Pierce, Jody
Subject:	New Albany

I am not sure if I mentioned the depreciation issue on the voicemail.  The issue is that there was an increase in the capital cost of the plant (due to additional upgrades and CAPEX that was done after Kevin's agreement with Lavo was cut).  This resulted in an increase in the actual depreciation figures.  Kevin feels that his original deal, based upon the cost of the plant at the time, should be honored.

Stuart


Please find attached the Q1, Q2, Q3  and Q4 Nymex prices together with the PX
prices for Q1 and Q2.
Thanks
Alex


I have passed your request to Mark Taylor to assign to another paralegal.  I
no longer handle the day to day swap work, I am working on Online
predominately now.  By copy of this email, I will ask Mark to let you know
what paralegal he has assigned this to.

	Angeline Poon
	11/15/2000 03:25 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ISDA MASTER AGREEMENT

Hi Tana -

We are trying to put in place an ISDA Master Agreement between Enron
Australia Finance Pty Ltd and Enron Capital & Trade Resources International
Corp (Singapore Branch).    Enron Australia has already signed on the
document. Can we send it to you to help us get the necessary signatures for
ECTRIC (Singapore Branch)?

I have prepared the following documents but not sure if they are most up to
date:

1. Certificate of Assistant Secretary

2. Certificate of Secretary

3. Unanimous Consent of Directors (this is incomplete cos I am not sure of
the part starting from RESOLVED ..)

Is there any other documents that I have missed out?  Would appreciate your
help and guidance whether I have done the above correctly.  If there is
anything incorrect, please guide me accordingly.

Many thanks
Angie


Please let me no whether or not you will be there.

This is our last game.


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NFL Reports, Player Updates

Latest NFL Player News

Martin Gramatica, K TB - Free Agent Updated 12/28/01
Gramatica has still not been ruled out for Saturday's game, although the Buccaneers have signed veteran kicker Doug Brien as insurance. Even if Gramatica can play, he will be a very risky Fantasy starter.

Warrick Dunn, RB TB - Martin Updated 12/28/01

Dunn's status is day to day with a toe injury. He is expected to play this week, but Mile Alstott has been the most productive back on the team in recent weeks.

Michael Westbrook, WR WAS - Free Agent Updated 12/28/01
Westbrook's status is day to day with a knee injury. He is expected to play this week.

MarTay Jenkins, WR ARI - Martin Updated 12/28/01
Jenkins may miss his second consecutive game with an ankle injury this week. Arnold Jackson would replace him as Arizona's third receiver.

Brian Finneran, WR ATL - Free Agent Updated 12/28/01
Finneran is listed as probable with a knee injury. He is expected to play this week.

Tyrone Davis, TE GB - Free Agent Updated 12/28/01
Davis has been elevated to the No. 2 tight end slot over rookie David Martin. He will see a considerable amount of playing time now that he is healthy, because Green Bay employs many double tight end sets in the red zone.

Oronde Gadsden, WR MIA - Matty Updated 12/28/01
Gadsden has been practicing this week and may be able to play. But his hamstring injury may limit his productivity.

Steve McNair, QB TEN - Free Agent Updated 12/28/01
McNair was limited in practice on Thursday. He is still expected to play this week, but he is a risky Fantasy starter because he will be less than 100 percent healthy.

Jimmy Smith
, WR JAC - Frank Updated 12/28/01
Smith (flu) has missed practice time this week. He is still expected to play.

Joe Horn, WR NO - Matty Updated 12/28/01
Horn suffered a minor shoulder injury in practice on Thursday. He is expected to start this week.

Aaron Shea, TE CLE - Free Agent Updated 12/28/01
Shea (shoulder) has been placed on injured reserve. O.J. Santiago will continue to be Cleveland's No. 1 tight end while he is out.

Jason Brookins, RB BAL - Tori Updated 12/28/01
Brookins has returned to practice and is listed as probable. But he still may not see any game action until Week 17.

Emmitt Smith, RB DAL - Bass/Hull Updated 12/28/01
Micahel Wiley may miss this week's game with a hip injury. Smith is expected to appear on third downs this week as well as assuming his normal workload.

James Thrash
, WR PHI - Frank Updated 12/28/01
Thrash (ankle) returned to practice on Thursday. he is expected to play this week.

Wesley Walls, TE CAR - Free Agent Updated 12/28/01
Walls missed practice on Thursday with a knee injury. He may be a gametime decision this week.

Maurice Smith, RB ATL - Frank Updated 12/28/01

A banged-up Smith Toe/knee)  will continue to start for the Falcons. But Dan Reeves has indicated Rodney Thomas will continue to get some work at halfback.

Bob Christian, RB ATL - Free Agent Updated 12/28/01
Christian is day to day with a calf injury. He is expected to play this week.

Stephen Davis, RB WAS - Bass/Hull Updated 12/28/01
Davis (knee) has returned to practice. He is expected to start this week.

Todd Bouman, QB MIN - Free Agent Updated 12/28/01
Bouman took a few snaps Thursday but didn't appear to meet coach Dennis Green's "full strength" criteria for starting against Green Bay.   Spergon Wynn is likely to start Sunday, though coaches didn't discuss the issue after Thursday's practice. Bouman didn't participate in the team's morning walk-through, when players work on plays without fully suiting up. And during the portion of the regular practice that reporters were allowed to watch, Wynn took more snaps than Bouman. A trainer said Wynn continued to take more snaps later in the closed portion of practice.

Jerome Bettis, RB PIT - Giggles Updated 12/28/01
Bettis, sidelined by a groin injury, returned to the practice field Thursday for the first time in a month. "Still questionable," coach Bill Cowher said. "He did more today. We'll see how he feels (Friday) and go from there. We'll take it day to day."

Doug Brien, K IND - Free Agent Updated 12/28/01
Brien signed a one-year contract Thursday night with the Tampa Bay Buccaneers, who will use him against Baltimore if Martin Gramatica can't kick this week. Gramatica strained his right hamstring during a 48-21 victory over the Saints last week. Coach Tony Dungy hasn't ruled him out for Saturday night's game against Baltimore, however the !
cl!
ub wanted to have a backup plan in case the Pro Bowl kicker isn't ready.

Ahman Green, RB GB - Hunter Updated 12/28/01
According to the Pro Football News and Injury Report, Green has asthma, but he has practiced fully this week and will start against the Vikings.

James Thrash, WR PHI - Frank Updated 12/27/01
Thrash is listed as questionable with an ankle injury, but he is expected to play against the Giants.

Patrick Jeffers
, WR CAR - Free Agent Updated 12/27/01
Jeffers may see some increased playing time this week because of Muhsin Muhammad's persistent toe problems. Isaac Byrd, however, still should start in Muhammad's place.

Sebastian Janikowski, K OAK - Matty Updated 12/27/01
Janikowski (groin) has been kicking in practice. He is expected to play this week.

Terrence Wilkins, WR IND - Free Agent Updated 12/27/01

Wilkins (hamstring) has returned to practice. He may be able to play this week.

Stephen Alexander, TE WAS - Free Agent Updated 12/27/01
Alexander (leg) was placed on injured reserve, officially ending his season. Walter Rasby will continue to start in his place, but Zeron Flemister has emerged as the team's best receiving tight end with Alexander out.

Matt Hasselbeck, QB SEA - Bass/Hull Updated 12/27/01
The Seattle Times
 says Hasselbeck's season might be over. Mike Holmgren said he would only use him in an emergency this week, and the Seahawks coach may elect to have Hasselbeck use the season's final two games to rest his injured shoulder. Trent Dilfer will start at San Diego this week.

Amos Zereoue, RB PIT - Free Agent Updated 12/27/01
Zereoue missed practice on Wednesday with a shoulder injury. He is listed as probable for this week.

Todd Bouman, QB MIN - Free Agent Updated 12/27/01

Bouman practiced without pads on Wednesday. If he cannot practice fully on Thursday, Spergon Wynn will get the start this week.

More Updates

Teams, Rosters

		Giggles
Mike Grigsby

Player	TM
Pos	Status	Next	Bye	FA

Culpepper, Daunte	MIN	QB	Active	@GB	Week 8	100

Bettis, Jerome	PIT	RB	Active	@CIN	Week 2	100

Staley, Duce	PHI	RB	Active	NYG	Week 5	100

Conway, Curtis	SD	WR	Active	SEA	Week 17	100

Jurevicius, Joe	NYG	WR	Active	@PHI	Week 12	100

Johnson, Keyshawn	TB	WR	Active	BAL	Week 2	100

Hollis, Mike	JAC	K	Active	KC	Week 5	100

Raiders	OAK	DT	Active	@DEN	Week 6	100

Johnson, Rob	BUF	QB	Reserve	@NYJ	Week 5	100

Canidate, Trung	STL	RB	Reserve	IND	Week 8	100

McAllister, Deuce	NO	RB	Reserve	WAS	Week 2	100

Minor, Travis	MIA	RB	Reserve	ATL	Week 6	100

Wheatley, Tyrone	OAK	RB	Reserve	@DEN	Week 6	100

Warrick, Peter	CIN	WR	Reserve	PIT	Week 8	100

Total Active Players: 8
Total Reserve Players: 6

NFL Injuries for Giggles

Updated	Player	Team	Pos	Injury
Expected Return

12/27/01	Bettis, Jerome	PIT	RB	Groin	Questionable for Week 16

12/25/01	Culpepper, Daunte	MIN	QB	Knee	May not return this season

12/13/01	Johnson, Rob	BUF	QB	Shoulder	Likely out for the season, but may be able to return for the final game.

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

FB10SP


Regulatory made some changes to the power description and Awais wanted
Legal's sign off again and needs a response by tomorrow.  Will that be a
problem?
---------------------- Forwarded by Tana Jones/HOU/ECT on 10/20/99 03:12 PM
---------------------------

Awais Omar
10/20/99 01:32 PM
To: Tana Jones/HOU/ECT@ECT
cc: David Forster/LON/ECT@ECT
Subject: US West Power Market Description VERY Final

Tana,

here is a revised marked up document that has come from Maureen Mcvicker in
regulatory with amendments to the original US West Power document made by
Mary Hain, regultory director in Portland.

Can we get a very quick legal approval of this please.  I would be most
grateful for a reply by end of tomorrow please with as few changes as
possible.

I have already got re-approval from the commercial group and the amednments
are more editorial.

Thanks

Awais

---------------------- Forwarded by Awais Omar/LON/ECT on 20/10/99 19:29
---------------------------

Elena Kapralova
19/10/99 23:58
To: Awais Omar/LON/ECT@ECT, David Forster/LON/ECT@ECT
cc:
Subject: US West Power Market Description VERY Final

Guys,

here is the final red-line copy of the US West Power market description vs.
the previous final one.
There are A LOT of changes.

Pls letr me know if you have Qs.
Elena


Susan Lichtenstein
5 Red Thorn Place
Santa Fe, NM 87508-1347
slichtenstein@frenchx2.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Susan Lichtenstein


Start Date: 4/23/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042303.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 3 / Preferred:  50.02 / Final:  49.99)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/23/01
  SC_ID: EPMI


(See attached file: hpl0804.xls)

 - hpl0804.xls


Sorry to keep sending emails BUT my assistant just walked in and said that
you were expecting a presentation by Mark Taylor on the phone call.  To my
knowledge, Mark doesn't know anything about this call (your email of 1/17
doesn't mention Mark).  So, I'm totally confused.  If we are going to discuss
the term sheet process and related tax issues, let's do it.  If you want to
cancel because you are expecting something different, please let me know (and
advise Lynn and Julian).  Thanks.


Per Don Black's request, attached is the East Position Report as of 4/30/01.
We are also delivering hard copies of this report to you.  If you have any
questions, please let me know.  Thanks.


Did you go to any parties last night??  I was lame, I didn't go to a single one.  I heard
there were some decent ones.  How's life at Duke been?  I haven't talked to you much
since you've become a big ICE trader.   Talk to you soon.

KR


I have attached the proposed letter to Larry Taylor.  Please let me know if
you want to make any changes.


2 Rows again tonight for half priced pizza- and yes I am a fat #$&%!


Mark and I were discussing my potential purchase of a car, and were looking
at some web sites, and thought we would pass on the following car buying web
sites:

www.edmunds.com (tells you what prices to pay for cars, safety records)

www.consumer.org (Consumer Reports Magazine Web Site, more to car safety,
repair records)

www.carclub.com (if you go to "research advice", then click on "crash test
results" they have some info on SUV crash tests.  Since y'all don't have as
many SUV's on the road in England you may not know that some of them have
failed the crash tests big time, and that also because their point of gravity
is up higher they tend to rollover (or "tump" as we say here in Texas) when
you make a sharp turn (like to avoid an accident).

Anyway, we were a little concerned about your safety...


Stinson,

Let's talk about it. It seems like an open personality clash developing
for the first time in the history of the group.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2001
03:12 PM ---------------------------

Zimin Lu
05/02/2001 01:41 PM
To: Paulo Issler/HOU/ECT@ECT
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Re: Asian Option for Pavel

Our convention is whoever finalizes the model should write the
documentation.  It does not make sense
to write one when changes are anticipated.  You have been working on this
almost a year, it never
strikes you that we need a documentation ?

I created Exotica.xll, does that also give you an excuse not working on
Exotica documentation ?

Zimin

Paulo Issler
05/02/2001 11:52 AM
To: Zimin Lu/HOU/ECT@ECT
cc: Tai Woo/ENRON@enronXgate @ ENRON, Pavel Zadorozhny/Enron@EnronXGate
Subject: Re: Asian Option for Pavel

I am surprised that we do not have the documentation ready.
I can make that for you. It is not there because you did not put that
together by the time it was created and all the changes I have made did not
required changes on the functionality.
Paulo Issler

Zimin Lu
05/02/2001 11:29 AM
To: Tai Woo/ENRON@enronXgate @ ENRON, Paulo Issler/HOU/ECT@ECT
cc: Pavel Zadorozhny/Enron@EnronXGate
Subject: Re: Asian Option for Pavel

Tai Woo,

Here are the c-codes for the CrudeAPO.  'Sig' is the spot
volatility meaning the price volatility within the delivery period.
You should consult  with Pavel for the definition of this "extra"
parameters.   We
would like to see the Position Monitor once you get it running.
We might have some additional suggestions.

Paulo,

Why don't we have a documentation on CrudeAPO you worked on ?
I can not find it in Exotica help file.   Please supply that to Tai, thanks.

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

From: Tai Woo/ENRON@enronXgate on 05/02/2001 09:55 AM
To: Paulo Issler/HOU/ECT@ECT
cc: Kara Maloney/ENRON@enronXgate, Zimin Lu/HOU/ECT@ECT
Subject: Asian Option for Pavel

This morning, Zimin told me that Pavel is using a special model in evaluating
his Asian option portfolio.
He asked me to talk to you in order to access to the code so that I can see
the difference made to the model.

As I cannot find the doc. describing this model, please tell me what that new
input parameter 'Sig' is.

Thanks,


The following expense report is ready for approval:

Employee Name: Richard B. Sanders
Status last changed by:  Automated Administrator
Expense Report Name: RBS-9.14.01
Report Total: $6,455.50
Amount Due Employee: $6,455.50

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Steve - So far all that's been posted is the Amaren RTO order.  I've attached
it below as a text file.   I'm also overnighting a copy of it to you, along
with the charts we discussed.  We'll check for the other orders first thing
in the morning and send them to you if they've been posted.

Also, Bob Frank gave me a copy of the Judge's recommendation to send to you,
and the text file for that is attached below.

Talk to you later,
Elizabeth


CALENDAR ENTRY:	APPOINTMENT

Description:
	Lynn-OUT OF OFFICE

Date:		2/24/2001
Time:		8:00 AM - 5:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Denis,
I am sending the Security Agreement to Sharon White today.  Also, per Sara's
below message, please be sure to enter this agreement and any others into the
Lotus Notes database and provide us with copies of the documentation for any
related to ENA.

Stephanie
---------------------- Forwarded by Stephanie Panus/NA/Enron on 03/01/2001
09:44 AM ---------------------------
From: Sara Shackleton@ECT on 02/28/2001 04:39 PM
To: Stephanie Panus/NA/Enron@Enron
cc:

Subject: Re: R.V.I. Guaranty Co., Ltd., a Bermuda reinsurance company and
Continental Insurance Company

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/28/2001 04:39 PM -----

	Sara Shackleton
	02/27/2001 05:41 PM

		 To: Denis O'Connell/LON/ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT
		 Subject: Re: R.V.I. Guaranty Co., Ltd., a Bermuda reinsurance company and
Continental Insurance Company

Denis:

I will initial the Security Agreement for you and have it executed.  Where do
you want the executed documents sent?

As you know, all of our master agreements (whether or not related to
structured deals) are logged into our Lotus Notes database to which London
has access.  Please provide me with a list and copies of the ISDA Master
Agreements (and/or related financial agreements) which have been executed by
London  in the name of ENA.  These agreements should also be logged onto the
ENA database.

Will these masters be assigned to Enron Credit Inc.?  Will all trades be
assigned?  If so, will you prepare the assignment for execution?

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Denis O'Connell
	02/27/2001 09:50 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Cheryl Nelson/NA/Enron@Enron, Mark
Greenberg/NA/Enron@ENRON, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Anne C
Koehler/HOU/ECT@ECT, Tanya Rohauer/Enron@EnronXGate, Rod Nelson/LON/ECT@ECT
		 Subject: Re: R.V.I. Guaranty Co., Ltd., a Bermuda reinsurance company and
Continental Insurance Company

Sara - I did the ISDA with RVI. - This was a structured Credit Derivative
Trade so you will not find this on the system.

I have reviewed and approved the Security Agreement.

many tks

Denis

From: Sara Shackleton on 27/02/2001 09:43 CST
To: Mark Taylor/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Cheryl Nelson/NA/Enron@Enron, Mark
Greenberg/NA/Enron@ENRON, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Anne C
Koehler/HOU/ECT@ECT, Denis O'Connell/LON/ECT@ECT
cc: Tanya Rohauer/Enron@EnronXGate, Rod Nelson/LON/ECT@ECT

Subject: R.V.I. Guaranty Co., Ltd., a Bermuda reinsurance company and
Continental Insurance Company

Is anyone familiar with an ISDA Master Agreement executed between ENA and the
above company?  I have received a Security Agreement executed by this party
seeking ENA's signature and the document references the Endorsement (to a
policy  - what policy?) issued to ENA on 10/19/00 which defines the ISDA
agreement.  This could be related to credit activity in London.  I am waiting
to hear from Jeff Kinneman and Denis O'Connell.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


The tagg team has made some changes to the bridge.  Please review the
following deals in tagg stage and let me know if they meet to your approval.

US Gas Daily Swaps
BOM  - gas daily - MichCon GD/D    QV0353
May 01 - gas daily - HeHub GD/D QV0345
Jun 01  -  gas daily -  HeHub GD/D QV0352

Canadian Gas Daily Swap
May 01  - gas daily - EOL Aeco Daily QV0344

Nymex Swap
Oct 01 - price swap- Nymex  QV0355

Please let me know at your earliest convenience if everything looks alright.

Dawn
3-9353


Team

Listed below is a brief description on the status for the Project.

? EIP Associates is currently working on the CEQA Initial Draft Study.  The
draft will be complete on February 11th, 2000.  At this point it will be in
our hands for review and comment.  I have scheduled for our review period to
take no longer than one week.  So please be prepared, the Study will be
coming to you on February 14th.  I want to get this Study out to public
review ASAP!
? EES will be sending out an Request for Proposal (RFP) to three contractors
this week to obtain costs to compare to the PG&E numbers received in their
Detailed Study.  The RFP will contain various sketches and documents
detailing the following scopes of work.  The overbuilding of the existing
12kV line to accommodate a 115kV circuit from the PG&E Herndon - Bullard Sub.
to the new CSUF Sub.  The installation of an underground 115kV circuit from
the PG&E Herndon - Bullard Sub. to the new CSUF Sub.  The yard work at the
PG&E Herndon - Bullard Sub.
? Developing a strategy for the upcoming meeting with PG&E to go over the
Detailed Study.  I am shooting for this meeting to take place during the last
week of February.  I will be working with all of you in the mean time to make
sure all bases are covered and that a correct, thorough agenda is developed.

I hope this gives everyone an idea of where we stand.  Feel free to call or
respond back with any questions or comments.

Rob Cone

Project Manager
Enron Energy Services
12647 Alcosta Blvd., Suite 500
San Ramon, CA 94583
Ph:925.543.3701, Fax:925.543.3550
Pager:888.397.5826


FYI
Jessie J. Knight Jr. <<RE Press Conference.htm>>
President & CEO
San Diego Regional Chamber of Commerce

 - RE Press Conference.htm


We just received this in electronic form, and are reviewing.
---------------------- Forwarded by Ray Alvarez/NA/Enron on 07/12/2001 05:38
PM ---------------------------

"Ronald Carroll" <rcarroll@bracepatt.com> on 07/12/2001 05:36:02 PM
To: <mmilner@coral-energy.com>, <rreilley@coral-energy.com>,
<ray.alvarez@ei.enron.com>, <acomnes@enron.com>,
<Christi.L.Nicolay@enron.com>, <dfulton@enron.com>, <jsteffe@enron.com>,
<linda.robertson@enron.com>, <richard.sanders@enron.com>,
<robert.frank@enron.com>, <smara@enron.com>, <snovose@enron.com>
cc:

Subject: Fwd: Wagner's Recommendation

Date: Thu, 12 Jul 2001 16:20:56 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Andrea Settanni" <asettanni@bracepatt.com>, "Dan Watkiss"
<dwatkiss@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: Wagner's Recommendation
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_4D173548.B5D4A936"

** High Priority **

It's attached.  Please take care of getting it to the appropriate people at
Coral and Enron.

 - wagner recommendation.txt


we have improved our defense and our starting qb, who is better than yours,
was out.  plus we will have two more stud rb's back and some new defensive
personnel.


Jeff,

Here is the application from SPB.  I guess they want to use the same form as
a new loan application.  I have a call in to Lee O'Donnell to try to find out
if there is a shorter form.  What do I need to be providing to the buyer
according to the contract.  I was planning on bringing a copy of the survey
and a rentroll including deposits on Monday.  Please let me know this morning
what else I should be putting together.

Phillip

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/16/2001
08:47 AM ---------------------------

"O'Donnell, Lee (SPB)" <LODonnell@spbank.com> on 02/15/2001 05:36:08 PM
To: "'Phillip.K.Allen@enron.com'" <Phillip.K.Allen@enron.com>
cc:
Subject: RE:

I was told that you were faxed the loan application.  I will send attachment
for a backup.  Also, you will need to provide a current rent roll and 1999 &
2000 operating history (income & expense).

Call me if you need some help.

Thanks

Lee O'Donnell

-----Original Message-----
From: Phillip.K.Allen@enron.com [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, February 15, 2001 11:34 AM
To: lodonnell@spbank.com
Subject:

Lee,

My fax number is 713-646-2391.  Please fax me a loan application that I can
pass on to the buyer.

Phillip Allen
pallen@enron.com
713-853-7041

 - Copy of Loan App.tif
 - Copy of Multifamily forms


---------------------- Forwarded by Dana Davis/HOU/ECT on 02/16/2001 09:03 AM
---------------------------

ClickAtHome@ENRON
02/15/2001 08:40 PM
Sent by: Clickathome@ENRON
To: clickathome@enron.com
cc:  (bcc: Dana Davis/HOU/ECT)
Subject: ClickAtHome is Coming Soon!

Want a NEW high speed computer?

866 MHz Pentium III Processor FAST enough?

Want High Speed internet?
Broadband,
Cable Modem,
DSL,
Satellite.

Then Get READY...
All Eligible U.S. Employees get innovative at HOME beginning March, 2001.

Go to http://clickathome.enron.com to LEARN more about the offerings.

Non-U.S. Eligible Employees get innovative at home beginning late 2001 and
2002.


I will be out of the office on Friday the 22nd.

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


Lindy,
Attached are the Interactive Open Season Application requirements that were used to look at DealBench.  I'll schedule a meeting next week when Jeanne and Linda get back to review Capacity Release and see how applicable it might be to these application functions.

 -----Original Message-----
From: 	Abramowicz, Richard
Sent:	Thursday, October 25, 2001 9:32 AM
To:	Kedwaii, Hasan; Hermanek, Patty; Sawyer, Lisa
Subject:	FW: ios requirements

 -----Original Message-----
From: 	Abramowicz, Richard
Sent:	Friday, October 19, 2001 10:20 AM
To:	Kedwaii, Hasan; Hermanek, Patty
Subject:	ios requirements

Attached is a document explaining the old Interactive Open Season application.


I attended the Louisiana Mid-Continent Oil and Gas Association's Annual
Post-Session Legislative Meeting, July 9 - 12.

Presentations were made by Louisiana Representatives Damico, Daniel,
Montgomery, Pierre; Senators Barham, Theunissen; and Governor Foster's Deputy
Chief of Staff covering the 2001 session, the upcoming special session in
October and next year's "Fiscal Only" Session.

Although the vast majority of issues of interest to the industry were dealt
with without much media attention, three issues - retail gasoline pricing,
water policy management and the processing tax - received considerable media
attention.

Except as noted below, no legislation actively opposed by the oil and gas
industry survived the legislative process.

The only setback for the industry dealt with legislation brought by an array
of local government groups - police jurors, school boards, sheriffs,
assessors and municipalities - in response to the continuing controversy over
the parish property taxes paid by interstate pipeline companies. As part of
the dispute, many pipeline companies have paid a portion of their taxes under
protest - and that portion paid under protest, prior to passage of SB 1046,
could not be budgeted or spent by local governments. While the passage of SB
1046 will allow parish governing bodies to spend the protested taxes, a
number of amendments offered by supporters of industry and taxpayer fairness
were adopted that will work to assure that the taxpayers will get their money
back in a timely manner if they prevail.

Although the Public Service Commission has the authority to open up the
electric market to competition, the Legislature recognizes the importance of
additional generation capacity and passed legislation urging the LA. Dept. of
Economic Development to explore ways, including possible incentives, to
encourage additional unregulated electric generation to be developed in
Louisiana.

Water management received a lot of attention due to several plans for
generating plants that would use groundwater (unlike Enron's plans to use
surface water). SB 965 creates a Ground Water Management Commission that has
the authority to define critical areas and regulate withdrawals in those
areas. It also creates a Ground Water Advisory Task Force that provides for
local and industry participation.

As far as the upcoming special session and the 2002 session are concerned,
taxes will be in the forefront, including the much- dreaded processing tax ,
which would cost Enron about $50 million. According to the participating
legislators and the Governor's staff, the processing tax is gaining momentum
because of Sen. Foster Campbell persistence in bringing it up year after year
and his promises that the processing tax will take care of Louisiana's budget
problems. The industry will continue to vigorously oppose this tax.

Donald, Gavin and Jerry - I am sending you a summary of Louisiana Legislative
Bills pertaining to the energy industry.


Paul:

It is true that there is no wall -- however, it is geographically separate.
The equity trading is the end portion of the floor.  There are three hallways
that go to equity trading, each about 10 feet long.  It would not be possible
to hear anything said outside of the equity trading area.  Robert Bruce is
working on updating our policy and procedures in Houston and by copy hereof
ask him to update you.

	Paul Simons
	09/19/2000 01:53 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Re: Bond & Equity Trading

Mark

Thanks for the enquiry.

I've had discussions with Gary this week and am now working out how soft the
wall can be in light of that!  I understand from Gary that in Houston the
Chinese walls are not as hard as I imagined ie no physical wall or separate
security pass system.  Please confirm. Many thanks

Paul

From: Mark E Haedicke on 19/09/2000 13:45 CDT
To: Paul Simons/LON/ECT@ECT
cc:

Subject: Re: Bond & Equity Trading

What is the status of setting up Chinese Walls?   Mark


Stacy informed me re credit language for the GISB, we will amend upon
Russell's suggestions.

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


Hello all:

FYI:

Jones Graduate School Research Seminar Series in Finance
Sponsored by Enron Corp.

Alon Brav
Fuqua School of Business
Duke University

will give a seminar at the Jones School on Friday, March 31,

"Competing Theories of Financial Anomalies"

*The seminar will begin at 3:15PM  in Room 115.

*Note the slightly early start time to accommodate an early flight.

A pdf of the paper is available through the seminar website
http://www.ruf.rice.edu/~ostdiek/seminars/


With the filing of the Hart-Scott-Rodino application last week, it looks like our updated launch timeline is as follows. Note that it is still possible that this timeline could shift:

Week of Jan 28:

We will distribute a packet to each of the Originators/Traders who have volounteered to call customers and assist in getting signed Password Applications. The packets will contain:

Key Messages
Frequently Asked Questions (FAQs)
Top Counterparty Checklist
External Customer Cover Letter
Password Application (PA)
Registration Form
Fax Cover Sheet for PA/Registration
Electronic Trading Agreement (ETA)
Internal online Marketing Contact List

Each person receiving a pack will contact the Master Users at the companies they have volounteered for and send them copies of the Password Application (PA) and Electronic Trading Agreement (ETA). During this week, we will be working hard to get as many of the PA's returned as possible. Once we have a signed PA, we can send the customer their new User ID, which will allow them to start trading on the day we launch the new site.

A Splash page will be available at www.UBSWenergy.com or via an automatic redirect from www.enrononline.com. This page will tell customers about the pending launch of www.UBSWenergy.com and provide links to the PA and Registration screens and also to the User Admin screens, which will allow customer Master Users to start setting up their Sub Users.

The Splash page will look something like the following:

Week of Feb. 4:

We will send out a mass mailing to approx. 3,000 individuals at 450 companies inviting them to sign up for the site. Included in the package will be a simple brochure, copies of the PA and ETA, key messages and a list of Frequently Asked Questions.

Week of Feb. 11:

The site will launch, with at least financial products (timing for gas physical and power physical to be determined according to regulatory issues).

General Terms and Conditions (GTC's) will be available online and must be accepted online before a company can start to trade a particular commodity.

Trading/Origination Coordination

The Top 50 customers will have at least an initial contact within the first two days of starting the marketing effort and that all customers who previously traded either gas or power will receive a mailing within the first 10 days. An online marketer has been assigned as coordinator for each company and will assist each Trader/Originator in following up with Master Users as necessary to make sure PA's are signed and returned.

UBSWenergy Marketing Contacts:

For Marketing-specific questions, please use the following contacts. For other questions, please contact Bob Shults (30397) or Dave Forster (31861).

Teresa Mandola (39807) - Power
Jennifer McQuade (53614) - Power
Dan Diamond (39673) - Gas

<Embedded Picture (Metafile)>


Attached is a new draft press release.  First thing in the morning, we need to discuss whether to release this.  Please contact Steve Kean, Mark Palmer or me with your comments.

Thank you.
Karen
x39757


Looks good to me - We should probably change Enron North America Corp. to
EnronOnline LLC.

	Leslie Hansen
	07/11/2000 10:31 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject:

Mark:

I'm going to put together a very short form of consent to obtain from those
entities that have consented to the republication of their work on EOL.
Please look over the proposed language below and advise.

Leslie

*********************************8

The undersigned has been notified that Enron North America Corp. and/or its
affiliates ("Enron") desires to publish "[Title of Content"] (the "Content")
on EnronOnline.  The undersigned owns and/or otherwise has the license to
republish, reproduce, and distribute the Content and hereby consents to the
use and/or republication of the Content by Enron on EnronOnline or any
successor thereto.

_____________________________

By: __________________________
 Name: _______________________
 Title: ________________________
 Date: ________________________


Thank you for your request. You will be notified by email when your request
has been processed. You can check the progress of your request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000008061&Page=
MyReq.


I am ok with your slate, but need some Houston people on board as well.  I
think we can shorten the Houston list by taking me off since John Novak will
be on the board.  I leave it to Bruce to see if it makes sense to shorten the
list further.  Mark

	Orlando Gonzalez@ENRON
	03/27/2001 01:51 PM

		 To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E
Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron Global Assets Board Slates

Did you  get a chance to review the Elektro board make up.  I would like to
finalize before the next ordinary shareholder meeting in Brazil.   Thanks

---------------
See attached regarding Elektro's board membership.  We would suggest that the
board slate be made up of Brazil residents in order to facilitate the
necessary meetings. I would like to include Joe Kishkill, John Novak, Brett
Wiggs, Britaldo Soares and Joao Carlos Albuquerque, all members of our
executive committee to substitute Rick Waddell, Diomedes, Jim Bannantine, and
Rick Lammers.  If  you agree, I will talk to Rebecca to finalize.  Thanks
---------------------- Forwarded by Orlando Gonzalez/SA/Enron on 03/06/2001
05:17 PM ---------------------------

Orlando Gonzalez
02/04/2001 10:35 PM
To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James A Hughes/ENRON_DEVELOPMENT, Rebecca McDonald/ENRON_DEVELOPMENT,
Jeffrey E Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E
Weidler/NA/Enron@Enron

Subject: Re: Enron Global Assets Board Slates

Bruce,  This solution does not work for Brazilian entities for legal
reasons.    I will send a summary of the current situation and a proposal to
resolve. We can discuss during your visit.  Thanks

Bruce Lundstrom@ENRON_DEVELOPMENT
31/01/2001 19:26
To: Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E
Weidler/NA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Christopher B
Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,  Scott
Gilchrist/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder/LON/ECT@ECT,
Richard Shapiro@Enron, Carol Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Shields/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Isabel
Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yvette Pinero/NA/Enron@Enron, Ann
Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wendi
Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rejane
Pansiera/SA/Enron@Enron, Eduardo Robles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Carla Galvan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sonnia
Reyes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leigh Ann Van
Houten/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lauren
Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Darlene
McKeever/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry
Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tami
Scrudder/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Denise
Almoina/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Enron Global Assets Board Slates

Folks -

The Legal Specialists in EGA are working up new director/officer slates for
the EGA entities.  We will be appointing the following list of directors for
EGA entities:

Rebecca McDonald
Jim Hughes
Jeff Sommers
Jim Derrick
Mark Haedicke

There will be some exceptions to this slate, particularly where local law or
the necessity of regular board attendance requires additional (or even
different) directors to be appointed.  These will be considered on a
case-by-case basis.  Allow the Legal Specialists the opportunity to come up
with their tentative slates and then we will give them to the regional heads
for comment.

Some of you will be asked to resign your current directorships.  I hope that
no one will take offense to the fact of of the changed slates -- none is
intended.  We have found that this common slate has made corporate governance
more efficient and less complicated.

Thank you for your cooperation.  Please pass this message along to others in
your respective groups as you deem necessary.

Bruce

---------------------- Forwarded by Orlando Gonzalez/SA/Enron on 03/06/2001
05:17 PM ---------------------------

"Vasco de Castro Ferraz Junior" <vcferraz@elektro.com.br> on 02/23/2001
06:14:14 PM
To: Orlando.Gonzalez@enron.com
cc: cminch@elektro.com.br

Subject: Re: Board Members

To be elected as a Board member a person must be a shareholder of the Company
(normally one share is transferred to such member) and tehre is no more the
requirement of the Brazilian residency.
There is no other mandatory requirements.
However one has to have in mind that from a practical point of view it  is
not viable to have only non residents at the Board (frequent trips to Brazil,
less flexibility on timing to pass resolutions about ugent matters etc)
Ideally at least trhee shoul be resident in Brazil (present minum quorum to
held a Board Meeting.)
Vasco.

>>> <Orlando.Gonzalez@enron.com> 2/4/01 11:39:09 pm >>>

Vasco   What are the residency requirements for board membership?  Are
there other specific requirements?  I would like to send a proposal this
week. Thanks

"Vasco de Castro Ferraz Junior" <vcferraz@elektro.com.br> on 30/01/2001
12:53:03

To:   Orlando.gonzalez@enron.com
cc:

Subject:  Board Members

Orlando:
As per your request, please find bellow the names of all of the present
members of Elektro's Board.
Firstly is to be mentioned that according to Elektro's By Laws, the Board may
have a minimum of 4 and a
maximum of 7 permanent members (one obligatorily must be elected by
appointment of Elektros' employees) and a minimum of 2 and a maximum of 4
alternates (one obligatorily to act solely as alternate to the employees'
representative at the Board)

Permanent members:
Diomedes Christodoulou (President)
Orlando Goanz?lez
Ricky Linn Waddell
Geraldo Gon?alves Pereira (elected by appointment of Elektro's employees)
Vacant (3)
Alternate members:
James Martin Bannantine
Richard Allan Lammers
Ricardo Louren?o Carneiro (alternate to Geraldo Gon?alves)
Vacant (3)

The election and/or dismissal of the Board members has to be decided by the
shareholders of the company.
Normally the election o the Board members takes place at the annual
Ordinary Shareholder's meeting. (This year, our OGM is scheduled to take
place on April, 29th.)
However this matter  can also be decided at any time via an Extraordinary
Shareholder's Meeting  that has to be called trough a  Board Resolution
that  has to be publicized at the Official Gazette no later than 8 days
prior to date of such EGM.
Should the present number of the Board members be maintained (i.e 4
permanent and 3 alternates), the election of new members (from our side)
will have to be made upon the resignation of those presently on seat.
Should you deem necessary, please call me at your earliest convenience.
Least but nol east As I vave mentined to you the other day, it is quite
normal to appoint the senior legal council as an alternate to the permanent
members of the Board so that he may legally be present at all the board
meetings


You have signed the last beam....
 Now  watch it rise.

Enron employees are invited to celebrate the
 Topping-Out of Enron Center South
 this afternoon at Antioch Park
3:45 pm - 4:30 pm.

In celebration of Arbor Day, tree saplings will be
handed out to all participants.

In the event of rain, the Topping-Out Celebration will air on IPTV Wednesday and
the tree saplings will be distributed in the plaza today at 4:00 pm


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude69.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas69.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil69.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded69.pdf

Dec/Red Dec WTI Spread
http://www.carrfut.com/research/Energy1/clz2-clz3.pdf
April Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
April Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/huh-hoh.pdf
June Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUM-HOM.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUJ-HOJ.pdf
March/May Unlead Spread
http://www.carrfut.com/research/Energy1/HUH-HUK.pdf
April/Dec Crude oil Spread
http://www.carrfut.com/research/Energy1/clj-clz.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG69.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG69.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL69.pdf

Mean Reversion Data on CL & Products Spreads
http://www.carrfut.com/research/Energy1/crude01-31-02.pdf


i will be there

ds


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001
10:39 AM ---------------------------

Tamara Jae Black
04/18/2001 03:31 PM
To: Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Doug
Gilbert-Smith/Corp/Enron@ENRON, Stacey W White/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Naveen Andrews/Enron@EnronXGate, Tim
Belden/HOU/ECT@ECT, Vladimir Gorny/Enron@EnronXGate, LaCrecia
Davenport/Enron@EnronXGate
cc: , Frank Hayden/Enron@EnronXGate
Subject: Mtg. Scheduled

Please mark your calendar for a meeting with:

Frank Hayden
Reg. Value @ Risk
April 26th
3 - 4pm
rm 3125b

Thanks

Tjae Black
x35800


We have been informed that all swaps must be submitted by next Friday in
Raptor 1 (9/22).  All your help in meeting this deadline will be greatly
appreciated!  If you have not been able to respond to any prior requests for
information, please do so by Monday.  Thanks.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


I don't recall  the answer was to the question about whether we have a land
company in New York?  And if so, its name?

Thanks,

Kay

From: Ed B Hearn III@ECT on 08/01/2000 11:15 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Land option New York

OK.  We'll standby until you give us additional instructions.


Disregard the last email from me.  Attached are the prepared comments that
Steve Kean will have at the FERC meeting tomorrow.

----- Forwarded by Sarah Novosel/Corp/Enron on 11/08/2000 06:37 PM -----

	"Jeffrey Watkiss" <dwatkiss@bracepatt.com>
	11/08/2000 06:36 PM

		 To: <snovose@enron.com>
		 cc:
		 Subject:

 - 0133819.01


The "safe harbor" date should be Feb.1.  However, coordinate with Jeff P
before you do anything.  Jan 31 is the date per our contract with CES as to
closing of the legal transition.

12/12/2000 01:46 PM
Jeffrey Porter
Jeffrey Porter
Jeffrey Porter
12/12/2000 01:46 PM
12/12/2000 01:46 PM
To: Chris Germany/HOU/ECT@ECT
cc: Colleen Sullivan/HOU/ECT@ECT, Timothy L Ray/HOU/EES@EES, Michael H
Garred/HOU/EES@EES, Scott Goodell/Corp/Enron@ENRON@ECT
Subject: Re: CES and CEM

CES and CEM will still exist for awhile, maybe forever due to legal issues. I
wouldn't begin canceling anything as the Choice customers are still in CES's
name and we don't want any capacity returning or other problems. They should
begin to be transferred to NPC soon. Why don't you hold off for now. Larry
Friedeman (419/878-4760) is actually the last CES employee and can be reached
in his Toledo office through 3/31/01.

Chris Germany@ECT
12/12/2000 01:32 PM
To: Colleen Sullivan/HOU/ECT@ECT, Timothy L Ray/HOU/EES@EES
cc: Michael H Garred/HOU/EES@EES, Jeffrey Porter/HOU/EES@EES, Scott
Goodell/Corp/Enron@ENRON
Subject: CES and CEM

I believe ENA is still agent for Columbia Energy Services and Columbia Energy
Marketing on several pipelines.  Rich Contos's (the only CES person I know)
last day is this Friday.  I left Rich a voicemail asking him if CES/CEM
should continue to exist as a legal entity on the pipelines.

As ENA, I believe I sould at least begin terminating the agency (and
liability) relationships.

Comments/questions??